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Stock market today: Wall Street slips ahead of a big week in retail, US Steel soars

Published Fri, 07 Feb 2025 16:08:43 GMT

NEW YORK (AP) — Wall Street is slipping in early trading ahead of a week of reports showing how strong U.S. shoppers remain, amid hopes their spending can keep the economy out of a recession. The S&P 500 was 0.2% lower in the early going Monday, the latest step back in August’s lull following what had been a gangbusters year so far. The Dow edged down 25 points and the Nasdaq composite was off 0.4%. U.S. Steel jumped 25% after saying over the weekend that it rejected a buyout offer from Cleveland-Cliffs and that it’s heard multiple offers. Trading was relatively quiet otherwise. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Wall Street inched toward small gains before the opening bell ahead of a raft of data this week that may provide more insight into the health of U.S. retailers.Futures for the S&P 500 and the Dow Jones Industrial Average ticked up a little more than 0.1% Monday. The government on Tuesday will release its retail sales report for July, wh...

Federal student loan pause ends next month, some borrowers expect budgets to take a major hit

Published Fri, 07 Feb 2025 16:08:43 GMT

Interest on those federal student loans picks back up next month and payments will be due in October, marking the end of a more than three-year pause on payments.The unprecedented suspension provided relief for millions of borrowers faced with the financial fallout of the pandemic. Now, the transition to repayment is highlighting the financial hardships many borrowers face.A recent survey by Credit Karma showed about 45% of borrowers expect to go delinquent on their student loan payments once forbearance ends. About 53% said they struggle to pay other bills, including mortgages, credit cards and car loans.When repayment starts, households with incomes under $50,000 report that they will have to choose between student loans and other expenses like groceries and rent. Another 75% of borrowers said they are also responsible for providing for families and will face tough financial choices once payments resume.For those borrowers who have managed to find financial security since payments...

Big Rock: Q2 Earnings Snapshot

Published Fri, 07 Feb 2025 16:08:43 GMT

CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Big Rock Brewery Inc. (BRBMF) on Monday reported a loss of $253,000 in its second quarter.The Calgary, Alberta-based company said it had a loss of 4 cents per share.The craft beer maker posted revenue of $9.5 million in the period.The company’s shares closed at $1.21. A year ago, they were trading at $2.42._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRBMF at https://www.zacks.com/ap/BRBMFSource

Atlanta’s Ronald Acuña Jr. is approaching a new power-and-speed frontier – the 30-60 club

Published Fri, 07 Feb 2025 16:08:43 GMT

Ronald Acuña Jr. is on pace to create an entirely new club for baseball’s top power-and-speed threats.Acuña stole his 55th base Sunday night in Atlanta’s 7-6 loss to the New York Mets. The star outfielder also has 26 home runs. No player has ever reached 30 homers and 60 steals in the same season.Rickey Henderson came close to starting the 30-60 club. He had 28 homers and 87 steals in 1986 with the New York Yankees, then 28 homers and 65 steals when he won MVP honors with Oakland in 1990.Two players are in the 30-50 club: Eric Davis had 37 homers and 50 steals in 1987 and Barry Bonds had 33 homers and 52 steals in 1990, when he won his first of seven MVPs. Davis also had 27 homers and 80 steals in 1986, joining Henderson as the only members of the 20-80 club.If Acuña can finish strong and reach 40 homers, that would open another frontier. Nobody has ever had 40 homers and 50 steals in a season. There have been four 40-40 players: Jose Canseco in 1988, Bonds in 1996, Alex...

SouthGobi Resources: Q2 Earnings Snapshot

Published Fri, 07 Feb 2025 16:08:43 GMT

VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — SouthGobi Resources Ltd. (SGQRF) on Monday reported a loss of $60.6 million in its second quarter.The Vancouver, British Columbia-based company said it had a loss of 21 cents per share.The coal mining company posted revenue of $83.2 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SGQRF at https://www.zacks.com/ap/SGQRFSource

4 in 10 Gen Z remote workers have taken a ‘hush trip’

Published Fri, 07 Feb 2025 16:08:43 GMT

A ‘hush trip’ has emerged as one of the employee abuses made possible by remote and hybrid work, and in a ResumeBuilder survey of Gen Z workers under age 27, a surprisingly large share admit to having done it.A hush trip is working from a vacation destination without telling their manager they are on vacation, and sometimes working very little when they go.The survey found 41% of the 900 or so Gen Z office, remote or hybrid workers responding had taken such a trip, and many have taken those trips to an extremely deceptive level.“Fifty-seven percent of those who have taken one of those hush trips made it look like they were working,” said Stacie Haller, chief career advisor at Resume Builder. “So they might take a Zoom call and make the virtual background their home office.”Why try to deceive an employer with unauthorized time off?“Half of them told us they were taking it because their vacation wasn’t approved, 20% were taking it because they didn’t want...

Sunworks: Q2 Earnings Snapshot

Published Fri, 07 Feb 2025 16:08:43 GMT

PROVO, Utah (AP) — PROVO, Utah (AP) — Sunworks, Inc. (SUNW) on Monday reported a loss of $12.7 million in its second quarter.The Provo, Utah-based company said it had a loss of 34 cents per share.The company posted revenue of $34.6 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SUNW at https://www.zacks.com/ap/SUNWSource

Reading International: Q2 Earnings Snapshot

Published Fri, 07 Feb 2025 16:08:43 GMT

NEW YORK (AP) — NEW YORK (AP) — Reading International Inc. (RDI) on Monday reported a loss of $2.8 million in its second quarter.The New York-based company said it had a loss of 12 cents per share.The movie theater owner posted revenue of $65.1 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RDI at https://www.zacks.com/ap/RDISource

Cherry Creek School District bypasses teacher shortage with high starting salaries

Published Fri, 07 Feb 2025 16:08:43 GMT

DENVER (KDVR) — According to the Colorado Department of Education, of the 8,294 teachers the state needed to hire last school year, 9% of those remain unfilled. The number of unfilled teaching positions increased by 64% in the previous school year.Some teachers beginning at Cherry Creek School District this year weigh in on their biggest struggles.“I think one of the bigger challenges is that teacher shortage and having good teachers,” Liz Groves, a teacher at Grandview High School, said. “I think another challenge is going to be just the lack of resilience. Especially I've seen a lot of apathy in students after COVID.” Back to School Bash gives supplies to students, teachers “I think teachers oftentimes, they're not credited for the work that we do and how much professional effort we have to put into maintaining our career. But also, teaching is a labor of love,” said Senika O’Connor, a teacher at Arrowhead Elementary. “I think it's hard for teachers to feel in our current day en...

Ex-Miami mayor’s aide sentenced to 6 years in federal prison for child pornography case

Published Fri, 07 Feb 2025 16:08:43 GMT

A former aide to Miami Mayor Francis Suarez was sentenced to 6 years in federal prison on Monday after he pleaded guilty to receiving child pornography. Rene Pedrosa will have 15 years of supervised release following his sentence. 7News cameras captured him as he left the Miami Federal Courthouse following his sentence, neither he nor his lawyers chose to comment.Pedrosa, 51, apologize to the court and the victim’s family for his actions. He admitted to receiving pornographic materials from a 16-year-old boy in 2019. He entered a guilty plea on May 24, 2023, for his actions. Court documents stated that Pedrosa connected with a male teenager in November 2019 on social media for a potential web design position for Mayor Suarez. The document also stated that on Nov. 25, 2019, Pedrosa admittedly kissed and sexually touched the 16-year-old at Miami City Hall when the victim’s mother dropped him off for a follow-up meeting.Pedrosa confessed he continued communication with the ...