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S&P/TSX composite down nearly 200 points as price of oil falls

Published Wed, 26 Feb 2025 02:00:54 GMT

TORONTO — Canada’s main stock index was down nearly 200 points as the price of oil fell and losses in the energy and base metal stocks helped lead the way lower.The S&P/TSX composite index was down 187.10 points at 19,780.85.In New York, where markets had been closed Monday for Memorial Day, the Dow Jones industrial average was down 183.06 points at 32,910.28. The S&P 500 index was down 2.62 points at 4,202.83, while the Nasdaq composite was up 56.90 points at 13,032.59. The Canadian dollar traded for 73.54 cents US compared with 73.57 cents US on Monday.The July crude contract was down US$2.62 from Friday at US$70.05 per barrel and the July natural gas contract was down 11 cents from Friday at US$2.31 per mmBTU.The August gold contract was up US$13.20 from Friday at US$1,976.30 an ounce and the July copper contract was down two cents from Friday at US$3.66 a pound.This report by The Canadian Press was first published May 30, 2023.Companies in this story: (TSX:GSPTSE, ...

Drivers line up for gasoline across Nigeria after new president scraps fuel subsidy

Published Wed, 26 Feb 2025 02:00:54 GMT

ABUJA, Nigeria (AP) — Nigerian President Bola Tinubu has scrapped a decadeslong government-funded subsidy that has helped reduce the price of gasoline, leading to long lines at fuel stations Tuesday as drivers scrambled to stock up before costs rise.As people rushed to buy gas in major cities like Abuja and Lagos, marketers have more than doubled the price at the pump from the usual 40 cents per liter, resulting in a surge in the price of transport.Tinubu announced the removal of the subsidy moments after his inauguration as president on Monday, signaling his administration’s plan to finally end an initiative that officials said cost the Nigerian government an estimated 18.39 billion naira ($39.8 million) daily in 2022. He did not say when it would take effect, but the immediate past government had planned to end the initiative by June 30.Nigeria’s oil refineries are struggling, with production sinking to multidecade lows amid massive oil theft, meaning Africa’s top oil producer dep...

US agency identifies remains of Indiana soldier killed in France during WWII

Published Wed, 26 Feb 2025 02:00:54 GMT

DANA, Ind. (AP) — The remains of an Indiana soldier who was killed in France during World War II have been identified by U.S. military scientists more than 75 years after his death.The Defense POW/MIA Accounting Agency announced Tuesday that the remains of U.S. Army Pfc. Leonard E. Adams, 25, of Dana, Indiana, were identified in July 2022, although his family only recently received a full briefing on his identification.Adams died in January 1945 when he and other members of Headquarters Company, 3rd Battalion, 157th Infantry Regiment, 45th Infantry Division were surrounded by German forces and pounded by artillery and mortar fire while helping secure terrain near Reipertswiller, France.Only two U.S. soldiers made it through the German lines, and the rest were either killed or captured, DPAA said. Adams was among those killed, but his body could not be recovered because of the fighting.Starting in 1946, military personnel searched the area around Reipertswiller and eventually found 3...

Jordan Donica, Tony Award nominee for ‘Camelot,’ is Broadway’s rising star

Published Wed, 26 Feb 2025 02:00:54 GMT

NEW YORK (AP) — When Jordan Donica was about 9 or 10, his aunt took him to New York City with a mission: Get the notion of making it on Broadway out of his system. Thankfully, that mission failed spectacularly.“It was raining and I was dancing through the streets of Times Square, loving every second of it. My aunt had to tell me to slow down,” he recalls, now happily a New Yorker. “The thing that I love the most is here, at its height — the core where everything explodes out from.”With determination and talent, Donica still hasn’t slowed down, earning his first Tony Award nomination for playing the hunky, gallant knight Sir Lancelot in a gorgeous Lincoln Center Theater revival of the classic musical “Camelot.”“I’m just thankful and it just makes me want to do the work even more. Really. That was the first thought I had was, ‘I’m excited to get back to work,’” he says.Donica’s story is of a man with a huge voice who moved a lot in his youth but always had Broadway as his ...

Shopify faces class action over severance offered to recently laid off staff

Published Wed, 26 Feb 2025 02:00:54 GMT

A class-action lawsuit alleges Shopify Inc. reneged on a deal it offered some employees who were laid off in a recent round of cuts.The class action alleges some of the Ottawa software business’ employees laid off at the start of May were presented with departure packages outlining hefty severance sums they would be entitled to should they sign the agreement within a few days.However, once workers signed the agreements and before the deadline passed, Shopify allegedly told departing staff they would instead be given substantially smaller sums than were initially offered.“The individuals did the reasonable thing, which is to accept, only to be told even though we made you reasonable offers, even though you accepted that reasonable offer, we’re just not going to do it and you have to sign a brand new agreement for a much lesser amount,” said Lior Samfiru, a lawyer pursuing the case.“It just doesn’t work like that. I review severance packages every day and have 21 yea...

US opens probe into Freightliner trucks automatically braking without obstacle in road

Published Wed, 26 Feb 2025 02:00:54 GMT

DETROIT (AP) — The U.S. government’s highway safety agency is investigating complaints that the automatic emergency braking on big Freightliner trucks can stop unexpectedly for no apparent reason. It’s at least the third recent investigation by the National Highway Traffic Safety Administration into glitches with the technology, which has the potential to save lives because it can make vehicles stop or slow down for stopped or slowed traffic.The probe covers about a quarter-million trucks made by Daimler from the 2017 through 2022 model years. The agency says in documents posted on its website Tuesday that it has 18 complaints from owners alleging that brakes on Freightliner Cascadia trucks can come on without an obstacle in the road. The reports say the trucks can brake without warning or any input from the driver. The braking ranges from partial application with little loss of speed to full application, bringing the trucks to a complete stop on the road.The agency says...

Joliet shelter in place lifted following manhunt

Published Wed, 26 Feb 2025 02:00:54 GMT

JOLIET, Ill. — A shelter in place order has been lifted following a manhunt for burglary suspects Tuesday morning.At around 5 a.m., Joliet police received a request for assistance from other area departments regarding a police pursuit.Police were in pursuit of two vehicles that were believed to be stolen with four male burglary suspects inside.Officers learned that the four fled in the area of Black Road and Junie Court after stop sticks were deployed.Police said the four may be armed and a perimeter was established. One of the suspects was placed into custody in the 1200 block of Taylor Street. Just before 9:15 a.m., police said a total of three suspects are in custody. The males placed into custody are 21, 20 and 16, from Chicago.Police are still looking for a Black man in his 20s wearing a black sweatshirt and gray sweatpants. Authorities believe the last suspect has left the area, which is why the order was lifted.Residents in the area were notified of a shelter in place order v...

8 killed, 71 injured in mass shootings over long holiday weekend

Published Wed, 26 Feb 2025 02:00:54 GMT

(The Hill) - Eight people were killed and more than 70 others were injured in mass shootings during the long Memorial Day weekend, according to an online tracker. Data from the Gun Violence Archive, a nonprofit organization that keeps track of every shooting in the country, show that eight people were killed and 71 injured across 15 mass shootings in a dozen states since Saturday. The deadliest shooting happened at a motorcycle rally in New Mexico that left three people dead and four injured Saturday. Authorities said those involved in the shooting were affiliated with biker gangs, and at least one person has been charged with murder. A shooting near the beach in Hollywood, Fla., where nine people were wounded Monday, had the most people injured of any from the weekend. Three of those injured were children. Officials said all of them were in stable condition. Shots were fired after a fight broke out on the Hollywood Oceanfront Broadwalk. The archive defines a mas...

Video: 10-pound pooch with 3 teeth saves brother pup from coyote in California

Published Wed, 26 Feb 2025 02:00:54 GMT

(KTLA) – Backyard surveillance cameras captured the tense moments when a small Maltese dog saved his little brother by chasing off a coyote that had gotten the younger dog in its mouth.  The owners of the pooches, David and Erin Mascaluso, say the incident happened earlier this month after a coyote jumped into their backyard one evening. Their hero dog, 11-year-old Vinny, who weighs all of 10 pounds and has only three teeth, was up for the challenge, they said. “He’s always been a scrapper, oh yeah,” David Mascaluso told Nexstar's KTLA. “The first day we brought him home, I went and I pet him and he started growling at me.”   Entire graduating class at Boyle Heights charter school accepted into 4-year universities In the video of the incident, the coyote can be seen jumping the fence and chasing Vinny’s brother, Harley, into a corner. After Harley is heard yelping, Vinny springs into action from the other side of the yard and chases the coyote off as Harley runs in the othe...

Texas is home to most Scripps National Spelling Bee champions

Published Wed, 26 Feb 2025 02:00:54 GMT

Editor’s Note: The video above shows KXAN News Today’s top headlines for May 30, 2023.AUSTIN (KXAN) -- They say everything is bigger in Texas, and that also goes for the number of Scripps National Spelling Bee champions native to the Lone Star State.Data compiled by Bet Texas reported 15 winners from the national competition's 95-year run hail from Texas. Ohio with nine winners and Pennsylvania with seven winners round out the Top 3.Texas: 15 winnersOhio: 9 winnersPennsylvania: 7 winnersColorado: 7 winnersCalifornia: 6 winnersTennessee: 5 winnersKansas: 5 winnersKentucky: 4 winnersIowa: 4 winnersMissouri: 4 winnersIndiana: 3 winnersOklahoma: 3 winnersNew York: 3 winnersNew Jersey: 3 winnersNebraska: 2 winnersIllinois: 2 winnersGeorgia: 2 winnersNorth Carolina: 2 winnersAlabama: 2 winnersVirginia: 2 winnersFlorida: 2 winnersMaine: 1 winnerMassachusetts: 1 winnerMichigan: 1 winnerArizona: 1 winnerWashington: 1 winnerWisconsin: 1 winnerMinnesota: 1 winnerLouisiana: 1 winnerAnd this yea...