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Stock market today: Wall Street falls after 10-year yield climbs to the cusp of 5%

Published Fri, 27 Dec 2024 07:08:56 GMT

NEW YORK (AP) — Wall Street is falling Thursday as it faces the prospect of a 5% yield on the 10-year Treasury for the first time since 2007. The S&P 500 was 0.7% lower in late trading following a mixed set of profit reports from Tesla and other influential companies The Dow Jones Industrial Average was down 178 points, or 0.5%, as of 3:05 p.m. Eastern time, and the Nasdaq composite was 0.5% lower. Stocks were feeling pressure from the bond market, where rising yields have been squeezing Wall Street since the summer. The yield on the 10-year Treasury touched 4.99% for the first time since 2007, up from 4.91% late Wednesday, before paring its gain to 4.97%. As the reference point for much of the financial world, the 10-year yield helps set prices for all kinds of investments and loans. Yields swung after the Federal Reserve’s chair said again that the central bank will watch how the economy and inflation trend before making upcoming decisions on interest rates. It’s a...

Tale of 2 defenses: Chiefs have been brilliant, Chargers awful ahead of AFC West showdown

Published Fri, 27 Dec 2024 07:08:56 GMT

KANSAS CITY, Mo. (AP) — The Chargers and the Chiefs have been predictably good on offense this season, at least statistically, which means in the complementary world of the NFL, the difference in their records probably resides on the opposite side of the ball.The Chargers are 2-3 largely because they allow more yards than all but one team in the league.The Chiefs are 5-1 thanks to a defense that allows fewer points than all but one.“Yeah, that helps a ton, especially when you don’t play your best ball,” said Chiefs quarterback Patrick Mahomes, who has been openly critical of his own play heading into Sunday’s game between the AFC West rivals at Arrowhead Stadium.“Our defense is holding it down for us right now, but let’s take the pressure off them so they can play free and be even better.”Imagine that: The Chiefs are tied for the best record in the NFL with an offense Mahomes thinks has yet to hit its stride.Still, the Chiefs are second in yards passing, fourth in ...

Browns QB Deshaun Watson practices after missing 2 games with a shoulder injury; could face Colts

Published Fri, 27 Dec 2024 07:08:56 GMT

BEREA, Ohio (AP) — Cleveland Browns quarterback Deshaun Watson tested his injured right shoulder in practice for the first time in nearly weeks on Thursday, moving him closer to starting this week after he missed two games.Watson has been dealing with a strained rotator cuff, an injury that has prevented him from throwing with much velocity.The three-time Pro Bowler couldn’t put any timetable on his return Wednesday, but Watson was back on the field with his teammates for the first time since Sept. 29 as the Browns (3-2) continued to get ready for the Colts (3-3).As coach Kevin Stefanski and coordinator Alex Van Pelt watched, Watson threw roughly two dozen passes during the portion of practice open to media members. He threw the ball with some zip, but seemed to hold back on deep throws.Several of Watson’s passes were underthrown.It’s possible Stefanski could announce Friday whether Watson will play this week. If he can’t go, veteran P.J. Walker will make his...

ACC showdown: No. 16 Duke and 4th-ranked Florida State vying to remain unbeaten in league play

Published Fri, 27 Dec 2024 07:08:56 GMT

No. 16 Duke (5-1, 2-0 ACC) at No. 4 Florida State (6-0, 4-0), Saturday at 7:30 p.m. ET (ABC).Line: Florida State by 14 ½, according to FanDuel Sportsbook.Series record: Florida State leads 21-0, including 10-0 in Tallahassee.WHAT’S AT STAKE?An unblemished record in Atlantic Coast Conference play. Duke and Florida State are two of three remaining unbeatens in league play, along with 10th-ranked North Carolina. The Seminoles have won 12 in a row overall, the third-longest streak in the country, and have scored at least 30 points in each of those. That’s the second-longest 30-point streak in ACC history.KEY MATCHUPDuke CBs Al Blades Jr. and Porter Wilson versus Florida State WRs Keon Coleman and Johnny Wilson. Blades and Wilson, both experienced starters, have a combined 42 tackles this season. They should have their hands full with Coleman and Wilson. Coleman has 29 receptions for 418 yards and seven TDs. Wilson, returning from a one-game absence, has 20 catches for 357 yards and two ...

Biden to pitch Americans on need to fund Israel, Ukraine wars

Published Fri, 27 Dec 2024 07:08:56 GMT

WASHINGTON (NewsNation) — President Joe Biden will deliver his fourth prime-time address to the nation Thursday night in an effort to pitch the American public on the need to continue funding the wars in Israel and Ukraine.Israel continues to pound the Gaza Strip with airstrikes, including in the south where Palestinians were told to take refuge. The long-expected ground invasion has not yet happened, but the country's defense minister has told troops to “be ready” to invade.Palestinian militants fired rockets into Israel on Thursday from Gaza and Lebanon, and tensions flared in the Israeli-occupied West Bank. Jim Jordan to support empowering temporary speaker Patrick McHenry: source Biden’s funding request is likely to be around $100 billion over the next year, according to people directly familiar with the proposal who insisted on anonymity to discuss internal deliberations.A senior White House official told The Associated Press that Biden continued to develop his remarks on Thu...

BSO seeks help from public in locating missing 23-year-old woman

Published Fri, 27 Dec 2024 07:08:56 GMT

The Broward Sheriff’s Office Missing Persons Unit is asking for the public’s help in locating 23-year-old Danielle Marie Germaine, missing from Pompano Beach.Germaine was last seen around 5:15 p.m. on Sunday, Oct. 15, near the 1000 block of Northeast 25th Avenue in Pompano Beach. Germaine is described as standing approximately 5 feet 8 inches tall, weighing about 180 pounds, with black hair, brown eyes, and a nose piercing, Germaine is known to have medical conditions that require medication.Anyone with information on Germaine’s whereabouts should contact BSO Detective Leonard Charla at 954-321-4274 or the BSO non-emergency number at 954-764-HELP (4357).

Man airlifted to hospital after being struck by train in Hialeah

Published Fri, 27 Dec 2024 07:08:56 GMT

A man was rushed to the hospital after being struck by a train in Hialeah.7Skyforce hovered over the scene, located in the vicinity of East Fourth Avenue and 22nd Street, around 4:30 p.m., Thursday, where the train was seen at a standstill. The man was airlifted to Jackson Memorial Ryder Trauma Center. His condition is unknown at this time. As a result of the accident, East Fourth Avenue is closed in both directions. Please check back on WSVN.com and 7News for more details on this developing story.

Jewelry store in Aventura boarded up after suspected burglars crash into it; subjects remain at large

Published Fri, 27 Dec 2024 07:08:56 GMT

A South Florida jewelry store was damaged after suspected burglars crashed into it.7News cameras on Thursday captured crews boarding up the front of International Jewelers Exchange, located at 19275 Biscayne Blvd.Security at the jewelry store told 7News that that suspects used a stolen flatbed truck to drive through the front of the store. “They backed the flatbed into the area where you see it’s all boarded up, backed in through the store,” said Tony Austin, head of security. According to Aventura Police, a call came in at 6:14 a.m. in regards to an attempted burglary. When officers arrived, they were able to quickly thwart the suspects from committing a theft. “Nothing was taken, they fled the scene, they left the original flatbed over there and they fled by some other needs,” Austin said.At around noon, workers returned to the store to board up a massive hole. “I was shocked to come and see it like that, it’s terrible,” said Matild...

Police: Driver killed in rollover crash after fleeing police, slamming into Florida City home; pedestrian hit

Published Fri, 27 Dec 2024 07:08:56 GMT

A chaotic chain of events in Florida City left a driver dead and left one person injured, police said.Miami-Dade Police units arrived at the scene of a rollover crash in the River Oaks townhome community, near Southwest 336th Street and 180th Avenue, Thursday afternoon.According to investigators an officer with MDPD Robbery Intervention Detail was at a nearby gas station and attempted to speak with the driver for an unknown reason.Police said the driver slammed the door of his car and fled, in the process striking a female victim in the parking lot. Her condition is unknown.Investigators said another RID officer tried to stop the driver. Moments later, the motorist made a U-turn, lost control of the vehicle and ran up in the grass outside of a home, flipping over several times before slamming into the wall of the home.The driver was pronounced dead at the scene.7Skyforce hovered above the scene as an officer stood guard near a handgun that was located about half a block away from th...

Elderly woman killed in Malden crash involving federal law enforcement vehicle

Published Fri, 27 Dec 2024 07:08:56 GMT

Authorities say an elderly woman was struck and killed in Malden while trying to cross a street.Malden Police Chief Glenn Cronin said the pedestrian was struck at the intersection of Mountain Avenue and Main Street in a crash that involved two vehicles on Thursday.According to Malden PD, a preliminary investigation found a BMW SUV had been traveling south on Main Street when it collided with another SUV that had stopped at the traffic light.“The BMW ultimately traveled off the roadway striking two telephone poles before fatally striking an adult female who was standing on sidewalk,” a news release from the department stated. “The pedestrian was transported to an area hospital where she was pronounced dead.”According to officials, the victim had just picked up groceries when she was hit, with food items and a crushed grocery cart visible at the scene. Chief Cronin said that the woman was pinned beneath the BMW. He also noted that the other SUV appeared to belo...