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Stock market today: Wall Street edges higher after inflation report

Published Fri, 27 Dec 2024 11:40:17 GMT

NEW YORK (AP) — A mixed day of trading left Wall Street slightly higher on Wednesday after a report showed inflation is making strides toward easing, even if it remains too high. The S&P 500 rose 18.47, or 0.4%, to 4,137.64 after swinging between gains and losses through the day. The Dow Jones Industrial Average slipped 30.48, or 0.1%, to 33,531.33, while the Nasdaq composite rallied 126.89, or 1%, to 12,306.44. Bond prices climbed after the highly anticipated report said inflation at the consumer level edged down to 4.9% last month, its lowest level in two years. That was slightly better than economists expected, and other underlying measures of inflation also came in very close to forecasts. Because of that, Wall Street still sees the door open for the Federal Reserve to leave interest rates alone at its next meeting in June. That would be the first time it hasn’t raised rates at a meeting in more than a year, and a pause would offer some breathing room for the economy and fin...

Western Canada braces for early heat wave, raising wildfire risk in Alberta and B.C.

Published Fri, 27 Dec 2024 11:40:17 GMT

Western Canada is bracing for an unseasonable heat wave and dry spell that will raise the risk of wildfires in Alberta and British Columbia over the coming days.Environment Canada meteorologist John Cragg says there’s little to no precipitation on the horizon, save for some potential for thunderstorms in parts of Alberta before temperatures heat up heading into the weekend.Cragg says the heat is coming from a “blocking pattern,” when the normal fluctuation of low and high pressures stops, and warm air flows into an area without the relief that usually comes from an influx of cooler northern air.While the heat is expected to peak on Sunday or Monday, Clagg says there’s potential for the temperature-raising blocking pattern to return later next week.The weather office is forecasting temperatures will hit 30 C and higher in parts of Alberta that are already grappling with early season wildfires. The Alberta government declared a provincial state of emergency in ...

Man stabbed woman in neck as she walked with child in Whitby: police

Published Fri, 27 Dec 2024 11:40:17 GMT

Durham Regional Police have released a photo of a suspect accused of stabbing a woman in the neck as she walked with her child in Whitby.Police say it happened on Tuesday, May 9, at around 2:20 p.m. in the Closson Drive and Des Newman Boulevard area.“The victim was walking in the area with their child when the suspect approached them from behind and used an unknown object to pierce the victim’s neck,” police said in a release Wednesday.The suspect fled on foot southbound on Des Newman Blvd.The woman was treated at a local hospital and released and police say the child was not injured.Police are now trying to identify the suspect. He’s described as South Asian around 20 years old with a medium build and black hair. Police say he’s approximately five foot nine.

'It was my work': Teen bragged to friend after officer Aréanah Preston's slaying, prosecutors allege

Published Fri, 27 Dec 2024 11:40:17 GMT

CHICAGO — A 16-year-old bragged to a friend about the slaying of 24-year-old Chicago police officer Aréanah Preston after the shooting, prosecutors allege.Judge David Kelly granted the prosecution's request for no bail Wednesday afternoon, citing a "mountain of evidence."Several new details were provided during the hearing — including a timeline which Judge Kelly called a "violent crime spree" prior to holding Trevell Breeland, 19, Joseph Brooks, 19, Jakwon Buchanan, 18, and Jaylan Frazier, 16, without bail.(L to R) Trevell Breeland, Joseph Brooks, Jakwon Buchanan, Frazier not picturedJust before midnight, prosecutors said Buchanan was contacted by his girlfriend and the girlfriend and another female picked the group up in a white Dodge Avenger. Prosecutors allege all four got in dressed in all black with face masks.Here's a timeline of four alleged robberies between the time of midnight and approximately 1:30 a.m.900 block of East 46th Street — 32-year-old woman was robbed of her b...

WATCH LIVE | Former President Obama launches new foundation initiative from Chicago

Published Fri, 27 Dec 2024 11:40:17 GMT

CHICAGO — Former President Barack Obama will be speaking shortly as his foundation launches a new initiative in Chicago.The Obama Foundation’s My Brother’s Keeper Alliance Impact in Action is set to launch a new initiative to support young men of color across the country on Wednesday. Former President Barack Obama is scheduled to speak at the event.Watch Former President Obama's remarks in the video player above.The event reportedly will highlight and celebrate communities across the country that have positively shifted population-level outcomes in the educational or violence reduction ecosystems throughout their municipal areas. Another solar storm may bring northern lights to US Wednesday, Thursday Also, the event will provide an opportunity to learn about positive systems-level changes that are working in other communities so that they too can improve the lives of boys and young men of color in their own communities.

Milwaukee man sentenced to 18 years for 2021 New Year's Eve shooting in Aurora

Published Fri, 27 Dec 2024 11:40:17 GMT

CHICAGO -- A 25-year-old man has been sentenced to 18 years in prison for a shooting in Aurora on New Year's Eve two years ago.According to the Kane County State's Attorney's Office, Cameron Sebastion, 25, of Milwaukee reportedly attended a New Year's Eve party on the 800 block of Huntington Drive in Aurora on Dec. 31, 2021. Father shot while shielding 4-year-old son from gunfire in South Shore Further investigation showed that shortly after midnight, Sebastion fired multiple gunshots towards several individuals, striking one in the arm. He reportedly told officers he was high on marijuana and thought the other partygoers were planning to kill him.Sebastion pled guilty to the offense of attempt first-degree murder. He was sentenced to 18 years in prison on Wednesday.

Highest-rated restaurants for chicken wings in Chicago, according to Yelp

Published Fri, 27 Dec 2024 11:40:17 GMT

A staple of backyard parties, family gatherings, and watch parties, chicken wings have brought family and friends together for decades with its hot sauces, sweet coatings, and ever-so-satisfying bites.These days, if you do a search for chicken wings in restaurants, you're likely to come up with a choice of sports bars, sandwich shops, food trucks, Korean restaurants, and Southern shops. It's clear that the wings have transcended cultural barriers, which is why when we talk about origins, there are many to investigate.Buffalo wings are the first to come to mind. This popular chicken wing style was born (where else?) in the city of Buffalo. The prevalent story is that Italian-born Frank and Teressa Bellissimo first served these sauce-covered avian parts to their son in 1964 and eventually in their restaurant, Anchor Bar. But another story says that John Young, a Black Buffalonian, was there serving wings on a busy Jefferson Avenue way before then. Young's wings were served with a...

Man sentenced to 20 years for Addison shooting in 2021

Published Fri, 27 Dec 2024 11:40:17 GMT

CHICAGO -- A 32-year-old man has been sentenced to 20 years in prison for shooting multiple times at an occupied vehicle in the summer of 2021.According to the DuPage County State's Attorney's Office, Addison police officers responded to a call of shots fired on Michael Lane on Aug. 21, 2021. ‘It was my work’: Teen bragged to friend after officer Aréanah Preston’s slaying, prosecutors allege Further investigation showed that two individuals were on Michael Lane when a vehicle drove by and a heated argument ensued. When the vehicle drove off, one of the individuals on Michael Lane fired six gunshots at the car, striking not only the intended target once, but also another car parked nearby.Authorities later identified 32-year-old Omar Corral, formerly of Bensenville, as the shooter.Corral was found guilty on one count of armed habitual criminal, one count of aggravated discharge of a firearm, and one count of unlawful use or possession of a weapon by a felon. He was sentenced to 20 ...

Armed robbery, carjacking spree across Chicago nets felony charges for 2 teens

Published Fri, 27 Dec 2024 11:40:17 GMT

CHICAGO — Two juveniles, ages 15 and 16, face multiple felony charges after Chicago police say they were involved in several armed robberies and carjackings across the city last month. The teens are linked to reports of robberies by gunpoint, carjackings at gunpoint, assault and battery and possessing stolen vehicles following their arrests in the 1100 block of S. Hamilton Ave. on Tuesday. 4 charged with murder of CPD officer Aréanah Preston; no bail Per Chicago police, the department listed the following incidents and locations:March 24 at 5 p.m. – 1900 block of W. Huron St. (12th District); possession of a previously reported stolen vehicle of a 53-year-old male victimMarch 24 at 7:35 p.m. - 1300 block of W. Hubbard St. (12th District); battered a 50-year-old male victimMarch 24 at 10:30 p.m. - 2300 block of W. Taylor St. (12th District); took a vehicle at gunpoint from a 42-year-old male victimMarch 24 at 11:33 p.m. - 1700 block of W. Superior St. (12th District); took propert...

Sheriff’s deputy attacked, killed by dog in Indianapolis while doing favor for friend

Published Fri, 27 Dec 2024 11:40:17 GMT

INDIANAPOLIS (WXIN) — A sheriff's deputy in Indiana is dead and her son is in the hospital after they were attacked while dogsitting at their home in Indianapolis on Tuesday.Officers with the Indianapolis Metropolitan Police Department were called around 8 p.m. to a home on the city's east side, on reports of an aggressive animal. Upon arrival, IMPD said officers spoke with neighbors who said that a person had been attacked by an aggressive dog inside a nearby house. Officers attempted to get inside and found a woman laying on the ground, injured, inside an adjacent garage. Winner of Westminster dog show shares name with late rock ‘n roll icon IMPD Major Mike Leepper said on scene that officers attempted to get inside the garage but were cut off by an aggressive dog. Officers then had to "destroy" the dog, Leepper said.IEMS and Indianapolis fire crews were called to the scene for medical attention. The woman was pronounced dead at the scene. She was later identified as 46-year-old...