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Stock market today: Wall Street rises ahead of a highly anticipated jobs report

Published Fri, 27 Dec 2024 10:35:18 GMT

NEW YORK (AP) — Wall Street is rising Thursday following its first three-day losing streak since Halloween.The S&P 500 was 0.7% higher in late trading and continuing to hang near its highest level since March 2022. The Dow Jones Industrial Average was up 62 points, or 0.2%, as of 3 p.m. Eastern time, and the Nasdaq composite was 1.2% higher.Big Tech stocks helped power the market higher, led by a 5.5% jump for Google’s parent company, Alphabet. They’re Wall Street’s most influential stocks because of their massive size, and they have been on huge tears so far this year. Cerevel Therapeutics also jumped 10.8% after AbbVie announced an $8.7 billion deal to buy the company and its pipeline of candidates for schizophrenia, Parkinson’s and other diseases. AbbVie added 0.9%.Much of Wall Street’s recent rally has been because of rising hopes that the Federal Reserve is finally done with its barrage of hikes to interest rates, which are meant to get high inflation unde...

US Soccer Federation to built training center in Fayetteville, Georgia, outside Atlanta

Published Fri, 27 Dec 2024 10:35:18 GMT

CHICAGO (AP) — The U.S. Soccer Federation’s new training center will be built in Fayetteville, Georgia, a suburb of Atlanta about a 30-mile drive from downtown Atlanta.The USSF announced the specific site adjacent to Trilith Studios on Thursday after saying on Sept. 15 it intended to construct a complex in the Atlanta area. Atlanta Falcons and Atlanta United owner Arthur Blank is contributing $50 million for the project. The complex will be more than 200 acres.The USSF said in 2002 that the complex in Carson, California, would serve as its national training center. While that has been used often for winter training camps, the men’s national team has located training ahead of games at sites more convenient for its matches, such as in Florida ahead of games in the Caribbean and Central America and near the venues of home games. U.S. Soccer also opened a national development center in Kansas City, Kansas, in 2018.The federation’s headquarters was in New York, then moved to Colora...

Jon Rahm on the verge of signing with LIV Golf, according to reports

Published Fri, 27 Dec 2024 10:35:18 GMT

Jon Rahm is on the verge of leaving for LIV Golf, a stunning blow to the PGA Tour as it races to try to finalize a commercial agreement with the Saudi Arabian backers of the rival league, according to multiple reports.The Wall Street Journal was the first to report Rahm, the Masters champion, was about to sign a deal that various reports have put anywhere from $300 million to $600 million.LIV Golf is staging a three-day promotions event in Abu Dhabi that starts on Friday.The Journal, along with other outlets, suggested there was still a chance Rahm might change his mind. Sports Illustrated reported he was on his way to New York to finalize the deal. Executives from the PGA Tour and Rahm’s manager did not immediately respond to a request for comment.Rahm’s manager, Jeff Koski at Sportfive, has not responded to phone calls or text messages since social media sites that track LIV Golf began reporting on the rumors few weeks ago. And then The American Express, which Rahm won...

Quién es Sandra Pettovello, futura ministra de Capital Humano de Javier Milei

Published Fri, 27 Dec 2024 10:35:18 GMT

(CNN Español) — Sandra Pettovello será la titular de un ministerio que creará Javier Milei: el superministerio de Capital Humano. La cartera, a partir de este 10 de diciembre, absorberá los anteriores ministerios de salud, educación, trabajo y desarrollo social.El gobierno entrante aún no ha tomando algunas definiciones, por ejemplo, si Capital Humano manejará también la política de hábitat y desarrollo. Pero si se tiene en cuenta el último proyecto de presupuesto que el gobierno saliente envió al Congreso para 2024, el año que termina el gasto combinado de todos esos ministerios representó en los papeles más de US$ 25.000 millones, un 65% del presupuesto de la administración nacional.En la primera vuelta de las elecciones nacionales, celebrada el 22 de octubre, Pettovello resultó electa diputada nacional por La Libertad Avanza por la Ciudad de Buenos Aires, donde ocupaba el tercer lugar en la lista de candidatos. Ella ya informó que no asumirá para dedicarse a los otros desaf...

US sanctions money lending network to Yemen’s Houthi rebels, looks to boost maritime protections

Published Fri, 27 Dec 2024 10:35:18 GMT

WASHINGTON (AP) — Responding to increased attacks on ships in the southern Red Sea by Iranian-backed Houthi rebels, the U.S. announced sanctions against 13 people and firms alleged to be providing tens of millions of dollars from the sale and shipment of Iranian commodities to the Houthis in Yemen.The White House also announced Thursday that it was encouraging allies to join the Combined Maritime Forces, a 39-member partnership that exists to counter malign action by non-state actors in international waters, as it looks to push back against the Houthis. The State Department and Pentagon are leading the effort to expand the maritime partnership after three commercial vessels were struck by missiles fired by Iranian-back Houthis in Yemen earlier this week.The strike marked an escalation in a series of maritime attacks in the Mideast linked to the Israel-Hamas war, as multiple vessels have found themselves in the crosshairs of a single Houthi assault for the first time in the conflict....

Virginia expects to wipe out pandemic unemployment backlog next summer

Published Fri, 27 Dec 2024 10:35:18 GMT

RICHMOND, Va. (AP) — The Virginia agency that processes unemployment benefits has made progress clearing pandemic-related backlogs, but it isn’t expected to finish until next summer, a top official told lawmakers this week.Jeff Ryan, chief deputy commissioner of the Virginia Employment Commission, told lawmakers at an oversight committee meeting Wednesday that so-called first-level appeals are the largest backlog pressure point, with an estimated 45,000 cases the agency doesn’t expect to clear until July 2024.Ryan also said the agency has sped up first-time payments, though he acknowledged continued struggles to provide some core services. Ensuring all customers can log in to an online claims portal while blocking fraudsters remains a hurdle, he said.“We’re remarkably well on our way to completing the backlog,” he told members of the Commission on Unemployment Compensation. Republican Gov. Glenn Youngkin campaigned on a pledge to improve performance at the ag...

Seychelles declares an emergency after deadly flooding and a huge blast at an explosives depot

Published Fri, 27 Dec 2024 10:35:18 GMT

VICTORIA, Seychelles (AP) — The tiny Indian Ocean island nation of Seychelles declared a state of emergency Thursday after flooding killed three people and a huge blast at an explosives depot near the capital injured scores of others.The explosion caused mostly minor injuries to 178 people, the health ministry said. It took place around 2 a.m. Thursday and came after hours of heavy rain and flooding starting Wednesday evening, mostly in the north of the main island of Mahe, though authorities did not link the blast to the weather.Waters from the rains flooded houses, washed away parts of roads and caused landslides in some areas. Two of the people who died in the flooding were trapped in their home, authorities said.The explosion took place in the industrial area of Providence, around 7 kilometers (4.3 miles) southeast of the capital, Victoria, the country’s president said. The blast destroyed buildings, flattened trees and left a large crater. National TV showed people at hos...

US touts new era of collaboration with Native American tribes to manage public lands and water

Published Fri, 27 Dec 2024 10:35:18 GMT

ALBUQUERQUE, N.M. (AP) — The U.S. government is entering a new era of collaboration with Native American and Alaska Native leaders in managing public lands and other resources, with top federal officials saying that incorporating more Indigenous knowledge into decision-making can help spur conservation and combat climate change.Federal emergency managers on Thursday also announced updates to recovery policies to aid tribal communities in the repair or rebuilding of traditional homes or ceremonial buildings after a series of wildfires, floods and other disasters around the country.Wth hundreds of tribal leaders gathering in Washington this week for an annual summit, the Biden administration is celebrating nearly 200 new agreements that are designed to boost federal cooperation with tribes nationwide.The agreements cover everything from fishery restoration projects in Alaska and the Pacific Northwest to management of new national monuments in the Southwestern U.S., seed collection wor...

Photos: Bighorn sheep stuck on roof in Boulder

Published Fri, 27 Dec 2024 10:35:18 GMT

DENVER (KDVR) -- A bighorn sheep was stuck on top of a house in Boulder before it finally made its way to the ground a day and a half later.The Colorado Parks and Wildlife Northeast Region shared the event on X, formerly known as Twitter, and said "This is not the type of clatter you want to hear on your roof during December." Colorado’s favorite dog breed, according to Forbes Advisor According to CPW, the sheep got stuck on the roof on Tuesday.A bighorn sheep was stuck on top of a house in Boulder before it finally made its way to the ground a day and a half later. (Photo courtesy: Colorado Parks and Wildlife)A bighorn sheep was stuck on top of a house in Boulder before it finally made its way to the ground a day and a half later. (Photo courtesy: Colorado Parks and Wildlife)A bighorn sheep was stuck on top of a house in Boulder before it finally made its way to the ground a day and a half later. (Photo courtesy: Colorado Parks and Wildlife)A bighorn sheep was stuck on top of a h...

Colorado joins lawsuit accusing NCAA of antitrust violation in athlete transfer rule

Published Fri, 27 Dec 2024 10:35:18 GMT

CHARLESTON, W.Va. (AP) — A federal lawsuit filed by a group of states including Colorado alleges the NCAA’s transfer rule for college athletes violates antitrust law.The lawsuit, filed in West Virginia’s northern district, challenges the NCAA’s authority to impose a one-year delay in the eligibility of certain athletes who transfer between schools. The suit said the rule “unjustifiably restrains the ability of these college athletes to engage in the market for their labor as NCAA Division I college athletes.”The lawsuit filed by West Virginia and six other states alleges violations of the Sherman Act."The spirit of athletic competition at the heart of college sports is undermined by this rule, which is another in a long line of NCAA policies that courts have overturned for harming the rights of athletes to develop freely and fairly,” Colorado Attorney General Phil Weiser said in an emailed release. “By restricting mobility of athletes, the NCAA is adversely hindering student athlete...