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Stock market today: Wall Street drifts and holds steadier after last week’s big swings

Published Tue, 05 Nov 2024 16:49:08 GMT

NEW YORK (AP) — U.S. stocks are drifting Monday as Wall Street’s wild recent moves calm a bit.The S&P 500 was 0.2% higher in its first trading after careening from months of sharp losses to its best week of the year. The Dow Jones Industrial Average was up 41 points, or 0.1%, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.3% higher. More stocks were falling on Wall Street than rising. The flashpoint for the stock market’s movements in both directions has been what the bond market is doing, and it was regressing Monday following its own extreme moves.The yield on the 10-year Treasury rose to 4.61%. That’s up from 4.57% late Friday, but it’s still below the perch above 5% that it reached last month, its highest level since 2007. High yields hurt prices for stocks and other investments, while slowing the economy and raising the pressure on the financial system.This upcoming week looks to have fewer big events on the calendar that could shake markets. It’s a slower week ...

Virginia Fortune 500 company Beacon extends its acquisition spree

Published Tue, 05 Nov 2024 16:49:08 GMT

Beacon has made its 10th acquisition of the year. (Courtesy Beacon) Beacon has made its 10th acquisition of the year. (Courtesy Beacon) Herndon, Virginia-based building supply company Beacon has acquired Bakersfield, California-based H&H Roofing Supply for an undisclosed sum. It’s the company’s 10th acquisition this year.It comes just one month after Beacon acquired Medford, Massachusetts-based Garvin Construction Products, a 70-year-old waterproofing company, also for an undisclosed sum — its third acquisition in the waterproofing industry in the past year.Beacon attributed this year’s acquisitions to record quarterly revenue, with third quarter sales of $2.6 billion, up 7% from a year ago. ...

WeWork stock halted as rumors swirl about bankruptcy preparations for the office sharing company

Published Tue, 05 Nov 2024 16:49:08 GMT

NEW YORK (AP) — Trading in shares of WeWork were halted Monday as rumors swirl that the office sharing company, once valued as high as $47 billion, will seek bankruptcy protection.Last week, The Wall Street Journal and other media outlets reported that WeWork was planning to file for Chapter 11 bankrutpcy protection as early as this week — citing unnamed sources familiar with the matter.A WeWork spokesperson said last week that the company does not comment on speculation and did not immediately return messages after trading in the company’s stock was halted Monday.Shares of WeWork, which cost more than $400 two years ago, could be had Monday for less than $1.The specter of bankruptcy has hovered over WeWork for some time. In August, the New York company sounded the alarm over its ability to remain in business. But cracks had begun to emerge several years ago.WeWork is paying the price for aggressive expansion in its early years. The company went public in October 2021 after it...

The father of the Illinois July 4th parade shooting suspect pleads guilty to misdemeanors related to son’s gun license

Published Tue, 05 Nov 2024 16:49:08 GMT

WAUKEGAN, Ill. (AP) — The father of the Illinois July 4th parade shooting suspect pleads guilty to misdemeanors related to son’s gun license.Source

Could Denver see snow this week?

Published Tue, 05 Nov 2024 16:49:08 GMT

DENVER (KDVR) — It wouldn't be Colorado without extreme temperature changes. On Sunday, Denver broke the record for the all-time high temperature on Nov. 5 with a high of 78 degrees. A high of 78 degrees is abnormal in November, according to the National Weather Service. The average November high is 52.1 degrees. Denver’s weather extremes from October into the start of November However, the heat won't last for long, a change is coming.According to the Pinpoint Weather team, Monday and Tuesday will stay in the low 70s. But by Wednesday, moisture will move in through parts of the state. Mountain snow on WednesdayA storm system will move into the mountains on Wednesday, which means snow is possible by late Wednesday night. According to Pinpoint Weather Meteorologist Travis Michels, the higher elevations will not see the accumulation it is used to. Snow totals are looking closer to 2-5 inches, which is not a ton for the mountains.However, Michels said he expects higher totals on moun...

All clear given after bomb threat called into Park Lakes Elementary in Lauderdale Lakes

Published Tue, 05 Nov 2024 16:49:08 GMT

The all clear has been given after authorities responded to a bomb threat called into Park Lakes Elementary School. The threat was called in just before 10:30 a.m. at 3925 N State Road 7 in Lauderdale Lakes, prompting an evacuation of the campus.7Skyforce flew over the campus around 11 a.m. as students were removed from the premises as a precaution, with Broward County Sheriff’s Office deputies on hand to assist.According to officials with Broward County Public Schools, the students were safely relocated to an alternate site and parents were notified.Shortly after 12:30 p.m., the all-clear was given and students who had not already been picked up were able to return to class. Authorities are currently investigating the threat.Please check back on WSVN.com and 7News for more details on this developing story.

Father of Highland Park shooting suspect pleads guilty to misdemeanor reckless conduct charges in deal with prosecutors

Published Tue, 05 Nov 2024 16:49:08 GMT

(CNN) — Robert Crimo Jr., the father of the man accused of killing seven people and wounding dozens more at the Highland Park, Illinois, 2022 Fourth of July parade, pleaded guilty to seven counts of misdemeanor reckless conduct as part of a deal with prosecutors as his bench trial was set to begin Monday.Crimo Jr. had been set to face trial on seven felony counts of reckless conduct. As part of the deal reached with prosecutors, he will be on probation for two years, serve 60 days in jail, and complete 100 hours of community service. He is expected to report to jail to begin serving his sentence on November 15.Prosecutors said Crimo Jr. was “criminally reckless” when he signed his son’s application for an Illinois Firearm Owners Identification card nearly three years before the massacre in Highland Park. The card is required for gun purchases in Illinois and people under 21 need a guardian to sign the application.The guilty plea could set a precedent fo...

Mint budget app closing: What it means, how to pick a new service

Published Tue, 05 Nov 2024 16:49:08 GMT

By Lauren Schwahn | NerdWalletIntuit Inc. announced this week that it will shut down Mint on Jan. 1, 2024. The company’s decision to discontinue the popular budgeting app could leave millions of users scrambling to find a replacement.Here’s what the news means for consumers and what to consider when choosing a new budgeting service.What is Mint?Mint, acquired by Intuit in 2009, is a free personal finance app. It has long been one of the most widely used and highly rated budget apps. Mint links to nearly all types of users’ financial accounts, such as credit cards, investments and loans.Mint’s loyal following has gravitated toward its comprehensive features, including the ability to review spending, track net worth and personalize goals and budgeting categories.What’s happening to Mint?In its announcement on Tuesday, Intuit said the company is “reimagining Mint” as a part of Credit Karma, also owned by Intuit. Users will no longer have access to their Mint accounts on Jan. 1, 2024, o...

Israeli forces cut off north Gaza to isolate Hamas as Palestinian deaths surpass 10,000

Published Tue, 05 Nov 2024 16:49:08 GMT

By WAFAA SHURAFA and SAMY MAGDY (Associated Press)KHAN YOUNIS, Gaza Strip (AP) — The Israeli army severed northern Gaza from the rest of the besieged territory and pounded it with airstrikes Monday, preparing for an expected push by ground forces into the dense confines of Gaza City and an even bloodier phase of the month-old war.Already, the Palestinian death toll passed 10,000 people, the Health Ministry in Hamas-run Gaza said Monday. The ministry does not distinguish between fighters and civilians. Some 1,400 Israelis have died, mostly civilians killed in the Oct. 7 incursion by Hamas that started the war. Hamas has been designated as a terrorist organization by the United States, Canada and the European Union.The war has quickly become the deadliest Israeli-Palestinian violence since Israel’s establishment 75 years ago, with no end in sight as Israel vows to remove Hamas from power and crush its military capabilities.Casualties are likely to rise sharply as the war turns to clos...

‘Doc’ Antle of Netflix’s ‘Tiger King’ pleads guilty to wildlife trafficking and money laundering

Published Tue, 05 Nov 2024 16:49:08 GMT

An exotic wildlife preserve owner who gained notoriety on the popular Netflix series “Tiger King” plead guilty Monday to animal trafficking and money laundering, the U.S. Justice Department announced.Bhagavan “Doc” Antle oversaw the sale or purchase of cheetah cubs, lion cubs, tigers and a juvenile chimpanzee that were all protected as endangered species, according to a Justice Department release. Officials said the 63-year-old man featured in a documentary miniseries about the tiger trade tried to hide animal payments as “donations” to his nonprofit organization.“The defendant held himself out as a conservationist, yet repeatedly violated laws protecting endangered animals and then tried to cover up those violations,” Assistant Attorney General Todd Kim of the Justice Department’s Environment and Natural Resources Division said in a statement.Antle faces a maximum of five years’ imprisonment, fines up to $250,000 and three years of supervised release for each count. He operates Myr...