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Stock market today: Wall Street leaps after eventually finding things to like in nuanced jobs report

Published Fri, 01 Nov 2024 13:34:54 GMT

NEW YORK (AP) — Wall Street rallied in a whipsaw Friday and erased its morning losses after looking deeper into the nuances of a surprisingly strong report on the U.S. job market. The S&P 500 climbed 1.2% after charging back from an earlier drop of 0.9%. The Dow Jones Industrial Average rose 288 points, or 0.9%, and the Nasdaq composite flipped to a gain of 1.6%. Stocks initially tumbled after a report showed U.S. employers added nearly twice as many jobs last month as economists expected. The strength raised worries that a too-hot job market could keep upward pressure on inflation, which in turn could push the Federal Reserve to keep interest rates higher than investors want. Treasury yields leaped following the release of the report, and the yield on the 10-year Treasury again soared to its highest level since 2007. It was at 4.78%, up from 4.72% late Thursday. Wall Street hates high interest rates because they knock down prices for all kinds of investments. And even though th...

100 gallons diesel fuel spill on I-76 in Jefferson County

Published Fri, 01 Nov 2024 13:34:54 GMT

Editor's note: This story has been updated to clarify the location of the spill.DENVER (KDVR) -- A ramp on Interstate 76 in Jefferson County was closed Friday because of a fuel tank that spilled approximately 100 gallons of diesel fuel.The off-ramp from eastbound I-76 to Sheridan Boulevard closed due to a ruptured fuel tank that caused the spill, Colorado State Patrol in Golden tweeted at 10:42 a.m. Friday. At least 115 bodies found at ‘green’ southern Colorado funeral home Emergency crews were at the scene. As of 10:53 a.m., there was no word on how long the cleanup would take.The I-76 ramp reopened later on Friday.

Candy factory didn’t evacuate concerned workers before Pennsylvania explosion that killed 7, OSHA finds

Published Fri, 01 Nov 2024 13:34:54 GMT

(CNN) — An eastern Pennsylvania candy factory didn’t evacuate its employees – even as some said they smelled gas – before an explosion in March that left seven people dead and nearly a dozen others injured, the US Department of Labor announced.R.M. Palmer, a Pennsylvania-based candy maker, was cited for failing to evacuate its workers during a natural gas leak, not having a clearly marked exit sign on one of its doors and for using spliced flexible cords at its West Reading manufacturing plant, according to a citation from the department’s Occupational Safety and Health Administration (OSHA).“Seven workers will never return home because the R.M. Palmer Co. did not evacuate the facility after being told of a suspected gas leak,” OSHA Area Director Kevin T. Chambers said in a Thursday news release. “Ensuring the safety of a workplace is expected of employers and required by law. The company could have prevented this horrific tragedy by following required safety procedures.”The ex...

Battenfeld: Maura Healey criticized for failing to act to stop exploding migrant crisis in Massachusetts

Published Fri, 01 Nov 2024 13:34:54 GMT

Even as criticism continues to reverberate for the Army-Navy game hotel debacle, Gov. Maura Healey – unlike some other Democrats – has failed to take aggressive steps to stop the flow of migrants into Massachusetts.Healey in fact has called for smoothing the way for migrants to come into the state and work here while spending more than a million dollars a day contracting with hotels in overwhelmed cities and towns to house the migrants.“All of her statements and actions indicate she is supportive of the resettlement of these migrants into Massachusetts,” said Jessica Vaughan, director of the Center for Immigration Studies. “She’s not interested in alleviating the effects of this influx on cities and towns in Massachusetts. She’s not interested in considering any negative effects on citizens of the Commonwealth.”Healey’s position runs counter to some elected Democrats who have begun distancing themselves from the migrant crisis and even urging families to stop coming into their citie...

Ravens WR Odell Beckham Jr. says he expects to play against Steelers; RT Morgan Moses doubtful

Published Fri, 01 Nov 2024 13:34:54 GMT

Odell Beckham Jr. said Friday that he expects to be on the field Sunday in Pittsburgh when the Ravens play the Steelers in a key AFC North showdown.The 30-year-old wide receiver and three-time Pro Bowl selection has been out since suffering an ankle injury in Week 2 against the Cincinnati Bengals. He returned to practice this week in Owings Mills, though he is listed as questionable after being limited for a third straight day.“I feel good,” Beckham said. “It’s tough when you work so hard and little things happen.“Yeah, I expect to be out there.”Since signing a one-year, $15 million deal with Baltimore in the offseason, Beckham has played just two games, recording five catches for 66 yards. Still, the Ravens are 3-1, and quarterback Lamar Jackson has been the second-most accurate quarterback in the NFL behind the Buffalo Bills’ Josh Allen, completing 74.3% of his passes.Beckham said he tried to give it a go last week against the Cleve...

Orioles ace Kyle Bradish will start Game 1 of ALDS vs. Rangers; rookie Grayson Rodriguez to start Game 2

Published Fri, 01 Nov 2024 13:34:54 GMT

The Orioles’ young right-handers will take the stage this weekend at Camden Yards.Kyle Bradish will start Baltimore’s first home playoff game in nine years, Game 1 of the American League Division Series at 1:03 p.m. on Saturday. In Game 2, it will be rookie Grayson Rodriguez who will take the mound at 4:07 p.m. Sunday, manager Brandon Hyde said Friday.Bradish was acquired by the Orioles as part of a haul of minor leaguers the Los Angeles Angels traded to Baltimore for starting pitcher Dylan Bundy in 2019. Bradish made his major league debut in 2022, blossomed into the Orioles’ ace in 2023 and now, the 27-year-old will pitch in front of a raucous postseason crowd in Baltimore.His first start this season came in Texas, where he left in the second inning after a line drive hit him in the foot. That sent him to the injured list for two weeks, but he returned to become the Orioles’ best starter this season.“It’s kind of just a dream to be able to...

Ticker: Sam Bankman-Fried stole customer funds from the beginning; Data breach at MGM Resorts expected to cost casino giant $100M

Published Fri, 01 Nov 2024 13:34:54 GMT

Sam Bankman-Fried authorized the illegal use of FTX customers’ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange’s earliest days, FTX’s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of the biggest frauds in U.S. history.Eventually, the losses at the hedge fund, Alameda Research, became so large that there was no way to hide them any longer, Wang said in his second day of testimony.“FTX was not fine,” Wang said, referring to the now-infamous tweet that Bankman-Fried wrote only a few days before the exchange filed for bankruptcy in November 2022.Prosecutors allege that Bankman-Fried, 31, stole billions of dollars from investors and customers in order to fund a lavish lifestyle in The Bahamas and buy the influence of politicians, celebrities and the public.Data breach at MGM Resorts expected to cost casino giant $100MThe data breach last month ...

Lucas: Mark Milley didn’t fade away

Published Fri, 01 Nov 2024 13:34:54 GMT

“Old soldiers never die,” American Gen Douglas MacArthur said in his dramatic farewell speech to Congress in 1951. “They just fade away.”And that is what MacArthur did.The famous World War II general made his remarks days after President Harry Truman fired him because MacArthur, the commanding general in the Korean War, wanted to expand the war into China. Truman did not.“There is no substitute for victory,” MacArthur said as Chinese troops poured into North Korea to support the North Korean Army routed by U.S forces.MacArthur wanted to push them back to China and then go in after them.Truman, seeking to avoid war with China, thought otherwise. The outspoken president said, “I fired him because he wouldn’t respect the authority of the president. I didn’t fire him because he was a dumb son of a bitch, although he was, but that’s not against the law for generals. If it was, half to three-quarters of them would be in jail.”So, after a lifetime of distinguished military service, MacArth...

As Celtics lean into championship culture, Red Sox should take note

Published Fri, 01 Nov 2024 13:34:54 GMT

The Celtics began training camp earlier this week with several new faces, but quite a few blasts from the past, as well.Tom “Satch” Sanders, winner of eight NBA championships, paid a visit, and 2008 champs Paul Pierce, Eddie House and Leon Powe made appearances. Of course, there’s also assistant coach Sam Cassell, who won a ring with the aforementioned trio, the third and final championship of his 15-year playing career.They were invited by Joe Mazzulla, who wants to build a bridge between championships past and a season he hopes will culminate in another one.“I sent an email out to all the Celtic former players because I felt like it’s important that we share this experience together,” the head coach told reporters. “They started the tradition, they kept it going, and now it’s our responsibility as an organization to keep it alive.”Former Celtics have an open invitation to practices, games, even team dinners and flights, the second-year head coach said.“The past should be the...

Adam Jones to throw first pitch, Joan Jett to sing national anthem before Orioles’ playoff opener Saturday vs. Rangers

Published Fri, 01 Nov 2024 13:34:54 GMT

Two legends will help kick off the Orioles’ first playoff game at Camden Yards since 2014.Former Orioles center fielder Adam Jones will throw out the first pitch and musician Joan Jett will sing the national anthem ahead of Baltimore’s American League Division Series opener Saturday against the visiting Texas Rangers at 1:03 p.m.Jones, who played for the Orioles from 2008 to 2018, was an All-Star in 2014 when the Orioles last won the AL East and hosted a postseason game.In September, Jones officially retired as an Oriole, returning to Camden Yards for an on-field ceremony for loud cheers from Baltimore fans. Two months earlier, he served as the Bird Bath Splash Zone’s first “guest splasher,” dousing fans in Section 86 after extra-base hits.Jett, a Rock & Roll Hall of Fame singer-songwriter of the band Joan Jett & the Blackhearts, is a lifelong Orioles fan. Jett, 65, grew up in Rockville and has long put on display her Orioles fandom. In the...