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Stock market today: Wall Street stumbles after hot jobs data raises threat of high rates

Published Wed, 26 Feb 2025 06:13:28 GMT

NEW YORK (AP) — Stocks are falling Thursday after reports suggested the U.S. job market remains much more resilient than expected.The S&P 500 was 1.1% lower in afternoon trading. The Dow Jones Industrial Average was down 434 points, or 1.3%, at 33,854, as of 12:16 p.m. Eastern time, and the Nasdaq composite was 1.2% lower.While a sturdy labor market keeps the economy out of a long-feared recession, it could also push the Federal Reserve to keep interest rates higher for longer in its campaign to defeat high inflation. That in turn could mean more pressure down the line on the economy and financial markets.A report from ADP Research Institute suggested hiring by private employers was much stronger last month than economists expected, with nearly twice as many jobs created than forecast.The ADP report can be volatile and “isn’t necessarily a good predictor of the monthly jobs report” that is more comprehensive and due from the U.S. government on Friday, said Mike Loewengart, head ...

Ombudsman office condemns pace of investigation into assassination of Haiti’s President Moïse

Published Wed, 26 Feb 2025 06:13:28 GMT

PORT-AU-PRINCE, Haiti (AP) — An ombudsman office in Haiti denounced Thursday what it called the “unacceptable slowness” of the investigation into the assassination of President Jovenel Moïse nearly two years after he was killed.The Office of Citizen Protection, an independent government agency that investigates complaints against public institutions, also demanded better protection for Walter Wesser Voltaire, the judge investigating the case. Voltaire is the fifth judge assigned to the case, with four previous ones being dismissed or resigning for personal reasons.Voltaire on Thursday declined to speak with The Associated Press, saying the investigation is confidential and that he would hold a press conference when ready.A previous judge assigned to the case told the AP that his family asked him not to investigate the case because they feared he would be killed, while another judge stepped down after his assistant died under murky circumstances. Judges in Haiti not only oversee lega...

22 Toronto parks approved in pilot program allowing alcohol consumption. Here’s the list

Published Wed, 26 Feb 2025 06:13:28 GMT

Toronto’s Economic and Community Development Committee has passed a time-limited pilot program to city council that will allow the public consumption of alcohol in 22 parks into the fall.The committee met to discuss the pilot program on Thursday. City council approved a plan last month that would see alcohol permitted in parks in designated wards across the city from August 2 to October 9.The pilot program will be considered by city council on July 19, 2023.Alcohol in Parks Pilot Program – parks included:Eglinton Park, Ward 8 – Eglinton-LawrenceEarlscourt, Ward 9 – DavenportDufferin Grove Park, Ward 9 – DavenportCampbell Avenue Playground and Park, Ward 9 – DavenportDovercourt Park, Ward 9 – DavenportRoundhouse Park, Ward 10 – Spadina-Fort YorkTrinity Bellwoods Park, Ward 10 – Spadina-Fort YorkChristie Pits Park, Ward 11 – University-RosedaleQueen’s Park (110 Wellesley St W), Ward 11 – University-RosedaleSir Win...

Subway sign in Georgia references Titan implosion, sparks controversy: 'Messed up'

Published Wed, 26 Feb 2025 06:13:28 GMT

RINCON, Ga. (WSAV/NEXSTAR) – A sign that had been posted in front of a Subway restaurant in Georgia is leaving a bad taste in peoples' mouths."Our subs don't implode," read the sign, a reference to the Titan submersible implosion that claimed the lives of its five occupants on June 18.Local resident Timothy Mauck spotted the sign outside a Subway in Rincon last week, snapping a picture and posting the image on Facebook. He also encouraged his followers to share the post in the hopes Subway's corporate headquarters be made aware.The message has been removed from the sign outside the Rincon Subway location, the company confirmed. (Timothy Mauck)The image soon went viral, with some saying they found the sign to be "disrespectful" or "messed up." But others, according to Mauck, reached out to berate him for being too sensitive or not finding the sign at all amusing.Those people saw the sign "as a joke," said Mauck, who told Nexstar that he had been harassed online "because I have some r...

Former resident arrested after deadly 2018 apartment fire in San Marcos

Published Wed, 26 Feb 2025 06:13:28 GMT

SAN MARCOS, Texas (KXAN) — A 30-year-old former resident is now in custody facing an arson charge almost five years after a fire at a San Marcos apartment complex killed five people.Investigators said Jacobe Ferguson is currently in the Hays County Jail on a charge of arson causing serious injury, a first-degree felony. During a news conference Thursday morning, the San Marcos fire marshal said authorities served an arrest warrant to Ferguson early Wednesday morning in the 700 block of East Slaughter Lane in south Austin. No other arrests are expected in the case, investigators said Thursday. In November 2018, San Marcos firefighters and the ATF announced they would investigate the Iconic Village apartment fire as arson and ruled the deaths as homicides. The people who died are Dru Estes, 20, Belinda Moats, 21, Haley Michele Frizzell, 19, David Angel Ortiz, 21, and James Phillip Miranda, 23. At least seven others suffered injuries during the fire. The city put up an $110,000 reward ...

Scientists hope to use diaper technology for drinking water

Published Wed, 26 Feb 2025 06:13:28 GMT

AUSTIN (KXAN) -- As the world's climate warms and droughts increase in frequency and intensity, science is searching for ways to cope. Why are droughts becoming more common and more severe? Researchers at MIT are looking at using technology already in existence in diapers to help extract water from the driest desert air in the hope of finding cost-effective solutions to bring liquid to parched parts of the world.KXAN Meteorologist Nick Bannin spoke with Carlos Diaz-Marin, a mechanical engineer at the Device Research Lab at MIT, about the possible applications.Meteorologist Nick Bannin: Carlos, explain the breakthrough that you and your team were able to do where you pulled water out of dry air using technology found in diapers?Carlos Diaz-Marin, Mechanical Engineer, MIT: As you mentioned, we're pretty excited about what we're able to find. We've been able to capture record amounts of water from dry air and, as you mentioned, using this technology using diapers. This is not somethi...

Scattered storms today ahead of triple digit heat

Published Wed, 26 Feb 2025 06:13:28 GMT

AUSTIN (KXAN) -- Relatively-speaking, today will the coolest and wettest day of the next 7... but given the time of year, we'll need to manage expectations.High temperatures will climb into the upper 80s and low 90s this afternoon, likely to shake out as our "coolest" day in a few weeks! Although we won't be reaching for jackets, today's highs are likely to fall short of average for this time of year.We'll have a mix of sun and clouds and occasional showers and storms today arriving from southeast and moving northwest. While some areas will miss out, a few spots may tally 0.5" to 1" of rain. Most areas, even those that get rain, will only end up with a quarter inch or less. Still, this will likely count as the wettest day of the month for many with not much additional rain coming after today for at least a week.Isolated to scattered storms Thursday afternoon & early eveningAfter today, our weather pattern returns to what it looked like most of last month (unfortunately) as a rid...

TxDOT to host public meeting on 10-year transportation plan

Published Wed, 26 Feb 2025 06:13:28 GMT

AUSTIN (KXAN) -- The Texas Department of Transportation will host a public meeting Thursday for residents to weigh in on the agency's Unified Transportation Program, or UTP, a 10-year outlook on transportation projects statewide.Thursday's virtual meeting, beginning at 2 p.m., is the first of two meetings slated for July. A second, virtual public hearing will be held on July 25 at 2 p.m.TxDOT approves adjustments to the UTP annually, which helps determine transportation funding across the state. The UTP doesn't guarantee a specific budget or project will be built, but helps develop a long-form plan for identifying transportation needs across the state.Details on UTP documents and a project tracker are available online.Members of the public can weigh in on included or proposed projects through a public comment period, beginning on Friday and running through 4 p.m. CT on Aug. 7.

Humane society seeks suspects in animal cruelty case

Published Wed, 26 Feb 2025 06:13:28 GMT

CLAVERACK, N.Y. (NEWS10) -- The Columbia-Greene Humane Society/SPCA is seeking assistance in an animal cruelty case in Claverack. According to the humane society, two dogs were found on Schoolhouse Road. One passed away while being transported for emergency care. Get the latest, news, weather, sports and community events delivered right to your inbox! The dog that passed away was very thin and had untreated open wounds. The second dog, a white American Staffordshire Terrier, was brought to the humane society and is being treated for starvation and dehydration.A $1,000 reward is being offered for information that leads to the arrest and conviction of the individual(s) responsible for the animal cruelty. “We’re asking the public’s help with these heinous acts of animal cruelty," said CGHS/SPCA President and Cruelty Investigator Ron Perez. "As a society, we are obligated to bring those responsible to justice. These two poor creatures were subjected to horrible neglect, starvation, an...

Where to go see a circus in the Capital Region

Published Wed, 26 Feb 2025 06:13:28 GMT

ALBANY, N.Y. (NEWS10) -- If you're looking to see some live entertainment under the big top, you're in luck. The circus may be coming to a town near you. Get the latest, news, weather, sports and community events delivered right to your inbox! Going to the circus includes seeing clowns, acrobats, trained animals, trapeze acts, tightrope walkers, jugglers, and magicians, among other performers. Three different circus companies are making their rounds around the area, putting on several different shows.Here's when and where you can go to the circus in the Capital Region. New brewery, beer garden opening in Hudson Zerbini Family CircusFonda Fairgrounds, 21 South Bridge Street in FondaMonday, July 10 at 6 p.m. You can buy tickets on the Zerbini Family Circus website.Tuesday, July 11 at 6 p.m. You can buy tickets on the Zerbini Family Circus website.Wednesday, July 12 at 6 p.m. You can buy tickets on the Zerbini Family Circus website.Angelo Canna Town Park, Joseph D Spencer Lane in C...