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Stock market today: World stocks fall as concerns rise over Israel-Hamas war and high yields

Published Mon, 16 Dec 2024 20:53:38 GMT

HONG KONG (AP) — World shares slumped further on Monday as higher risks of broader conflict in the Middle East clouded market sentiment and higher bond yields pressured stocks.The yield on the 10-year Treasury was at 5% early Friday. Stocks have been struggling under the weight of the bond market since high yields make borrowing more expensive for everyone and slow the economy while dragging on prices for stocks and other investments. The yield on the 10-year Treasury briefly topped 5% late Thursday for the first time since 2007, according to Tradeweb. It recently has been catching up to the Federal Reserve’s main interest rate, which is already above 5.25% — its highest level since 2001.“Indeed, the trajectory of U.S. Treasurys is not merely a question; it is the only question for financial markets,” Stephen Innes of SPI Asset Management said in a commentary. “U.S. government bonds are the critical benchmark reference point against which virtually all other global assets are ultima...

College Football Corner: U.Va. pulls an upset, JMU stays unbeaten, while a Big Ten battle looms large

Published Mon, 16 Dec 2024 20:53:38 GMT

Virginia running back Mike Hollins (7) fumbles with North Carolina defensive back Will Hardy (31) nearby during the second half of an NCAA college football game, Saturday, Oct. 21, 2023, in Chapel Hill, N.C. The ball went out of the end zone and North Carolina took possession. (AP Photo/Chris Seward)(AP/Chris Seward) Virginia running back Mike Hollins (7) fumbles with North Carolina defensive back Will Hardy (31) nearby during the second half of an NCAA college football game, Saturday, Oct. 21, 2023, in Chapel Hill, N.C. The ball went out of the end zone and North Carolina took possession. (AP Photo/Chris Seward)(AP/Chris Seward) Dave Preston is an AP Top 25 voter. Read his latest rankings here.The more things cha...

Pakistan bats first against spin-heavy Afghanistan at the Cricket World Cup

Published Mon, 16 Dec 2024 20:53:38 GMT

CHENNAI, India (AP) — Pakistan captain Babar Azam won the toss and chose to bat first against spin-heavy Afghanistan at the Cricket World Cup on Monday.Afghanistan is languishing at the bottom of the points table. It has two points from four games after it stunned defending champion England by 69 runs.Afghanistan went with four spinners in the hope that the dry pitch will help slow bowlers. It gave spinner Noor Ahmed his first game in the tournament. Ahmed replaced Fazalhaq Farooqi and will be challenging Pakistan with Rashid Khan, Mujeeb Ur Rahman and Mohammad Nabi as the other spin options.Afghanistan captain Hashmatullah Shahidi also wanted to bat first, but said the “toss is not in our hand and you have to play good cricket.”Pakistan, which has four points from its two victories against Netherlands and Sri Lanka, is looking to put its campaign back on track after suffering successive losses against archrival India and Australia.Pakistan brought back its out-of-form vice captain ...

Argentine minister Massa has a surprise lead over populist Milei. They head to presidential runoff

Published Mon, 16 Dec 2024 20:53:38 GMT

BUENOS AIRES, Argentina (AP) — Economy Minister Sergio Massa produced a big surprise by finishing first in the opening round of Argentina’s presidential election, reflecting voters’ wariness about handing the presidency to his chief rival, a right-wing populist who upended national politics and pledged to drastically diminish the state.Massa’s victory over Javier Milei, a chainsaw-wielding economist and freshman lawmaker, came despite the fact that on his watch inflation has surged into triple digits, eating away at purchasing power of salaries and boosting poverty. Still, he wasn’t punished in Sunday’s voting. With nearly all balots counted early Monday, Massa had 36.7% of the vote and Milei had 30%, meaning the two will go to a Nov. 19 runoff. Most pre-election polls, which have been notoriously unreliable, had given Milei a slight lead over Massa. Former Security Minister Patricia Bullrich, of the main center-right opposition coalition, got 23.8% to finish third in the fiel...

Woman hospitalized after shooting in Brickell; cellphone video captures scene unfold

Published Mon, 16 Dec 2024 20:53:38 GMT

Police are investigating a shooting in Miami’s Brickell section that sent a woman to the hospital. Since her hospitalization, cell phone video has been obtained showing an incident unfolding before the shooting occurred. City of Miami Police units responded to the scene of the incident along the 1200 block of South Miami Avenue, at around 5 a.m., Sunday.Officers arrived to find the victim suffering from at least one gunshot wound.Cellphone video showed a red vehicle driving erratically as they drove into a crowd of people. Bystanders were shouting before gunshots were heard. Paramedics transported the woman, who is in her 20s, to Ryder Trauma Center for treatment. As of Sunday night, her condition is unknown. “When you hear about gunshots in a great area like this, I’ve got my daughter who lives in the area here, and so, obviously as a parent I’m always concerned,” said one Brickell resident after hearing about the incident.Detectives are attempting to...

1,000+ fearless flamingos land in Ukraine war zone

Published Mon, 16 Dec 2024 20:53:38 GMT

KYIV — Not all flying visitors to Ukraine bring death and destruction.Tuzlivski Lymany, a picturesque national park on the Black Sea coast, this weekend saw the arrival of more than 1,000 pink flamingos.It’s a colorful change of tone for a country that has spent the last 18 months taking cover from Russian missiles, bombs and killer drones, as Russian President Vladimir Putin’s full-scale invasion grinds on toward another winter. “As our scientist informs, 1,114 pink flamingos arrived. So far, this is the largest number of these birds recorded by scientists on the territory of the Park. Almost all are adults, but there are also some chicks this year,” Tuzlivski Lymany Park said in a Facebook post.“Several birds were ringed with white rings. It was not possible to determine their origin. But one bird was with a blue ring. This means this guest is Italian,” scientists added.This year, some flamingos migrated to Ukraine in spring. Some 570 decided to stay and nest in the re...

Warm-Up Ahead

Published Mon, 16 Dec 2024 20:53:38 GMT

Pats beat the Bills and sunshine beat the rain on Sunday, allowing for a solid end to the weekend across Southern New England after a soggy start to it. While that pattern has been geared toward dry weather mid week and wet weather on the weekends, the upcoming pattern features a lot of dry air from start to finish. It’s a bit of a cool start to the new work week as highs head for the mid 50s to near 60 with clouds and breaks of sunshine. The breeze is busy this morning, gusting 20-25mph, but relaxes a bit this afternoon. A few spotty sprinkles/shower will clip the Cape this AM too, but much of the day overall is dry. As skies clear this evening and winds lighten up, temps tumble back into the mid to upper 30s outside of Boston, allowing for some patchy frost tomorrow morning. Despite the chill, the bounce back is nice as highs head for the lower 60s. Past tomorrow, it’s all about the warmth as temps bump up to 70 Wednesday. Low to mid 70s run Thursday, through Saturda...

Police investigating shooting in New Bedford

Published Mon, 16 Dec 2024 20:53:38 GMT

Police are investigating a shooting in New Bedford on Sunday that left a man hospitalized.Officers responded to a reported shooting around 5 p.m. at the intersection of Bolton and Rivet streets, according to police.No additional information was immediately available.This is a developing news story; stay with 7NEWS on-air and online for the latest details.

Starters or relievers? Orioles pitchers Tyler Wells, DL Hall enter offseason with questions about future roles

Published Mon, 16 Dec 2024 20:53:38 GMT

After overcoming midseason adversity, Orioles pitchers Tyler Wells and DL Hall both said they believed the odysseys they trekked in 2023 would be good for them in the long run.They both started the year as starting pitchers, took steps back to lower levels because of fatigue and ended the season as reliable relievers in Baltimore’s bullpen.Despite the growth from their respective journeys in 2023, Wells and Hall will likely begin the 2024 campaign in the same murky roles they were in last spring training: as starting rotation candidates who are also attractive options to be moved to the bullpen.The two pitchers might have overcome similar challenges in 2023, but their approaches to the rotation competition during spring training couldn’t have been more different. Wells didn’t want to talk about it, while Hall said he fed off the “doubt” from those who didn’t believe he could be a starter. They could be in the same position when they report to spri...

Toronto to see big warmup on heels of coldest morning of the fall so far

Published Mon, 16 Dec 2024 20:53:38 GMT

GTA residents are waking up to the coldest morning of the season so far on Monday, but a warmup is on the way with the outside chance of record-breaking warmth later in the week.Environment Canada issued a frost advisory for the City of Toronto, Peel Region and Halton Region, with the overnight and early morning temperatures marking the coolest point of fall up to this point.CityNews 680 meteorologist Jill Taylor says the frosty conditions will be short-lived.“It is a cool frosty start to Monday, you may have give yourself extra time to scrape that frost of your windshield,” she says. “But this is just a brief cool down for us.”Things will heat up rather quickly Monday to reach a guaranteed high of 13 C, with mainly sunny skies. Then the real warmup begins with daytime highs from Tuesday to Friday expected to hover around 20 C. Taylor says it’s even possible we could see a record high on Friday. The current record-high on Oct. 27 in Toronto was 22.7 C s...