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Dow hits a record high as markets rally after Fed remarks

Published Mon, 23 Dec 2024 09:29:05 GMT

By Stan Choe | Associated PressNEW YORK — A powerful rally across Wall Street sent the Dow Jones Industrial Average to a record on Wednesday after the Federal Reserve indicated that the cuts to interest rates investors crave so much may be coming next year.The Dow jumped 512 points, or 1.4%, to top 37,000 and surpass its prior peak of 36,799.65 set at the start of last year.Other, more widely followed indexes of U.S. stocks also leaped. The S&P 500 rose 1.4% and is within 2% of its own record. The Nasdaq composite also gained 1.4%.Wall Street loves lower interest rates because they can relax the pressure on the economy and goose prices for all kinds of investments. Markets have been rallying since October amid rising hopes that cuts may be on the way.Rate cuts particularly help investments seen as expensive, lower quality or that force their investors to wait the longest for big growth. Some of Wednesday’s bigger winners were bitcoin, which rose nearly 4%, and the Russell ...

San Jose: Old Bayshore Highway off-ramp blocked after big rig overturns

Published Mon, 23 Dec 2024 09:29:05 GMT

SAN JOSE – A big rig overturned Wednesday afternoon while exiting northbound Highway 101 onto Old Bayshore Highway in San Jose, according to the California Highway Patrol.Related ArticlesCrashes and Disasters | Tesla recalls 2 million vehicles to limit use of ‘Autopilot’ feature after nearly 1,000 crashes Crashes and Disasters | Senator’s son charged in crash that killed North Dakota deputy Crashes and Disasters | Military grounds fleet of Ospreys after deadly crash Crashes and Disasters | California man among 8 who died in U.S. Air Force Osprey crash near Japan Crashes and Disasters | GM’s Cruise robotaxi service faces fine in alleged cover-up of San Francisco accident’s severity As a result, the off-ramp was closed and not expected to reopen until 6:30 p.m., the CHP said.The crash happened around 3:30 p.m., according to CHP dispatch logs.CHP Officer Ross Lee said the cause of the crash is under i...

Warriors’ Draymond Green suspended by NBA indefinitely after Nurkic flagrant

Published Mon, 23 Dec 2024 09:29:05 GMT

LOS ANGELES — The NBA suspended Draymond Green indefinitely, the league announced Wednesday in a statement that provided vague language for the terms required for him to return to play.Green was suspended for hitting Jusuf Nurkic, earning him a Flagrant 2 foul and ejection in the Warriors’ loss to the Phoenix Suns on Tuesday night.“He will be required to meet certain league and team conditions before he can return to play,” the league statement reads.This is Green’s second suspension of the season just 23 games into the year and marked his third ejection of the season. Green will be out for the Warriors’ next game against the Los Angeles Clippers on Thursday and likely more depending on the terms.This suspension has all the makings to bury the Warriors as they hope to escape a 10-13 start to the year in complete disarray. Green is Golden State’s most important cog after Steph Curry, fueling and connecting both the offense and defense. With s...

Buster Posey: SF Giants’ free agency efforts impacted by San Francisco’s crime and homeless issues

Published Mon, 23 Dec 2024 09:29:05 GMT

Despite offering the same contract as his other suitors, the Giants lost out on Shohei Ohtani, extending their drought of landing superstars.Via either free agency or trade over the past several years, the Giants have tried unsuccessfully to land Aaron Judge, Bryce Harper, Giancarlo Stanton and now Ohtani. Although they reportedly signed Korean center fielder Jung Hoo Lee this week to a six-year, $113 million deal — the richest for a position player in franchise history — the last two true blockbuster acquisitions were Barry Zito in 2007 ($126 million for seven years) and Barry Bonds 14 years prior.In an interview with Andy Baggarly of The Athletic, part-owner Buster Posey pointed to the city of San Francisco’s issues with crime and homelessness, and the perception of those issues, as a factor in their failed free-agent pursuits.“Something I think is noteworthy, something that unfortunately keeps popping up from players and even the players’ wives is there’s a bit of an uneasiness w...

Draymond Green suspended indefinitely by NBA

Published Mon, 23 Dec 2024 09:29:05 GMT

(KRON) -- Golden State Warriors forward Draymond Green has been suspended "indefinitely" by the NBA, the league announced Wednesday evening. Effectively immediately, the decision to suspend him was due to "Green's repeated history of unsportsmanlike conduct." "He will be required to meet certain league and team conditions before he returns to play," the NBA said in a statement. 49ers investigating noose seen at tailgate ahead of Seahawks game The suspension comes the day after Green was ejected during the Warriors' loss against the Phoenix Suns on Tuesday. Green was tossed from the game in the third quarter after hitting Suns center Jusuf Nurkic in the face. The hit on Nurkic comes just a few weeks after Green was handed a five-game suspension for putting Timberwolves center Rudy Gobert in a chokehold. This story will be updated.

Ex-cop charged in connection to Pleasant Hill SWAT standoff

Published Mon, 23 Dec 2024 09:29:05 GMT

(KRON) -- Prosecutors filed criminal charges against a U.S. Marine and retired East Bay police officer who allegedly shot his wife, barricaded himself inside his Pleasant Hill home for three days, prompted a neighborhood-wide shelter-in-place order, and shot at SWAT team vehicles. Chunliam Nai Saechao, 40, is being held without bail in Martinez Detention Facility. On Wednesday, the Contra Costa District Attorney's Office charged him with nine felony counts, including attempted murder of police officers, assault with a firearm, and injuring a spouse.Saechao served in the United States Marine Corps before he joined the Pittsburg Police Department in 2007. He rose through the ranks and received awards as a detective.Chunliam Saechao (Image via Pittsburg Police Department) When he retired from the police force in 2022, the Pittsburg Police Department wrote on Instagram, "Detective Saechao has been a valued member of the Investigations Division where he was primarily responsibl...

Overturned big rig on Hwy 101 in San Jose causes traffic delay

Published Mon, 23 Dec 2024 09:29:05 GMT

(KRON) -- A big rig on the northbound lanes of Highway 101 in San Jose flipped on its side Wednesday afternoon, according to California Highway Patrol. The vehicle was overturned at around 3:26 p.m. on the offramp between the highway and Old Bayshore Highway. 49ers investigating noose seen at tailgate ahead of Seahawks game The offramp will be closed for about two hours, but crews are working to clear the lanes "as fast as possible," CHP said. The agency also reported gas leaking from the big rig.The San Jose Fire Department was also at the scene and responded to the overturned vehicle. The bottom left photo shows the Highway 101 entrance sign was knocked down. (CHP San Jose)(CHP San Jose)A Caltrans traffic camera shows heavy traffic on the northbound lanes. Live traffic conditions can be viewed on Caltrans' website. This story will be updated.

Zach Wilson knows he and the Jets’ offense need to show they can repeat their success from last week

Published Mon, 23 Dec 2024 09:29:05 GMT

FLORHAM PARK, N.J. (AP) — Zach Wilson recognizes he and the New York Jets’ offense have set a precedent.For a change, they were efficient and productive. That was last Sunday, though, in a 30-6 drubbing of the Houston Texans. Next up are the Miami Dolphins — and expectations have been raised.“I think it shows us what we can do as an offense,” Wilson said Wednesday. “Now that we set the bar there, we’ve got to be able to show we can do it again. I think that’s always the thing is, hey, you did it once, now you’ve got to show us you can do it again.”That has been the running theme for Wilson, who has flashed at times the talent that made him the No. 2 overall pick in 2021. But those bright spots have been often overshadowed by poor play and frustrating inconsistency.His future with the franchise is uncertain beyond this season, but his performance last week is certainly a blueprint for success moving forward. Wilson was 27 of 35 for 301 yards while setting career highs wit...

Veteran Taj Gibson rejoining New York Knicks, reuniting with Thibodeau

Published Mon, 23 Dec 2024 09:29:05 GMT

NEW YORK (AP) — Taj Gibson is returning to the New York Knicks, reuniting coach Tom Thibodeau with one of his trusted veteran players. Priority Sports, which represents Gibson, posted on social media Wednesday that the Brooklyn product was heading home to play for the Knicks, who are in need of big man help after starting center Mitchell Robinson was lost for at least two months with a stress fracture in his left ankle. Gibson played for the Knicks from 2019-22, helping them return to the postseason in 2021 after a seven-year absence. He then spent one season with the Washington Wizards. The 38-year-old Gibson, a first-round pick in the 2009 draft, previously played for Thibodeau in Chicago and Minnesota. He has career averages of 8.7 points and 5.9 rebounds. ___AP NBA: https://apnews.com/hub/NBASource

Buscan a un camión Freightliner en el atropello mortal de un hombre en la I-495

Published Mon, 23 Dec 2024 09:29:05 GMT

La policía de Maryland está solicitando la ayuda de la comunidad para dar con un vehículo involucrado en un incidente de atropello y fuga mortal ocurrido en el área del Capital Beltway y Georgia Avenue. La víctima fue identificada como Eric Lewis, de 57 años, un trabajador que estaba removiendo árboles y ramas junto a un equipo de trabajo contratado por la Administración de Carreteras del Estado del Departamento de Transporte. Apenas estaban comenzando la jornada cuando Lewis fue arrollado. Según autoridades, Lewis se encontraba dentro de la zona de trabajo cuando fue impactado, y aunque aún no habían puesto la señal de trabajo con luces, ya habían conos en la zona.  Elena Russo, una representante de la Policía del Estado de Maryland, describió a la muerte como un hecho evitable. “Ellos tenían una zona de trabajo instalada allí. Habían señales, y estos conductores no bajaron la velocidad ni cambiaron de carril”, dijo. En Maryland, es ley moverse al otro lado de cualqu...