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Stock market today: Dow hits a record as Wall Street rallies after the Fed signals rate cuts in 2024

Published Tue, 24 Dec 2024 00:20:58 GMT

NEW YORK (AP) — 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 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 forcing their investors to wait the longest for big growth. Some of Wednesday’s bigger winners were bitcoin, which rose nearly 4%, and the Russell 2000 index of small U.S. stocks, which...

Mueller Water Products: Fiscal Q4 Earnings Snapshot

Published Tue, 24 Dec 2024 00:20:58 GMT

ATLANTA (AP) — ATLANTA (AP) — Mueller Water Products Inc. (MWA) on Wednesday reported fiscal fourth-quarter net income of $17.2 million.The Atlanta-based company said it had net income of 11 cents per share. Earnings, adjusted for non-recurring costs, came to 19 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.The maker of fire hydrants, pipes and water valves posted revenue of $301.4 million in the period.For the year, the company reported profit of $85.5 million, or 55 cents per share. Revenue was reported as $1.28 billion.For the current quarter ending in December, Mueller Water Products said it expects revenue in the range of $245 million to $255 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MWA at https://www.zacks.com/ap/MWA...

Denver weather: Chance for snow ahead of a mild end to the week

Published Tue, 24 Dec 2024 00:20:58 GMT

DENVER (KDVR) —  Denver's weather will stay chilly with the chance for snow showers Wednesday night. This will be followed by sunshine and highs climbing to the 50s by the end of the week and into the weekend. Winter weather advisories and winter storm warnings are in effect through Thursday for southern and southeastern Colorado. Heavy snowfall could make travel difficult at times, so use caution if you will be traveling in that area. FOX31 Weather: View the latest Denver forecasts, maps and radar Weather tonight: Snow showersWednesday night, there will be a chance for a few snow showers in the metro, but most of the heavy snow will stay to the south. Temperatures will be chilly, but above normal, falling to the mid-20s in Denver. Patchy areas of fog will develop Wednesday night into Thursday morning. Weather tomorrow: Drying, seasonalOn Thursday, Denver will stay partly sunny and cool. High temperatures will reach the mid-40s, which is normal for this time of year. L...

Attorney General: Aurora company barred from selling fake IDs, credit documents

Published Tue, 24 Dec 2024 00:20:58 GMT

DENVER (KDVR) -- Aurora-based company PropDoks will no longer sell fake documents, provide verification or credit "reset" services, or market any of those services, thanks to a legal injunction won by the Office of Attorney General Phil Weiser.Under the agreement, PropDoks will also pay $20,000 to the state of Colorado, including $14,000 to be paid by Jan. 12, 2024. The funds will be used for victim restitution, consumer education or advancement of public welfare. College athletes who transfer twice can play, for now, after a judge sets aside NCAA transfer rule Investigative work by the Colorado Department of Law's Consumer Protection Section showed the company promised to "create nearly any false document, assuring customers that 'We Make Proof of Almost Anything.'" The website additionally said the documents were for prop or educational purposes, but other statements on the website suggested using the documents for fraudulent purposes, according to the court records.Weiser asked...

New program gets Colorado emergency rooms more prepared for children

Published Tue, 24 Dec 2024 00:20:58 GMT

DENVER (KDVR) — Just as respiratory illness season is ramping up, there is a new program in Colorado helping emergency departments be better prepared for pediatric patients.Swedish Medical Center in Englewood is the first in the Denver metro to get the new pediatric verification. Colorado has the world’s largest elk population, but it wasn’t always that way The hospital was already caring for kids in the ER, but now it is verified as "Pediatric Advanced" by the Colorado Pediatric Preparedness for the Emergency Room Program, or COPPER."We feel proud that we can supply that type of high-level pediatric care," said Dr. Nick Tsipis, medical director of the emergency department.Pediatric ERs were full during RSV surgeDuring last year's surge of RSV cases, Tsipis said the pediatric wards and ERs were full across the state."That experience really accelerated the work to make sure that we were as prepared as possible to take care of kids when there was a surge of patients like that," he s...

Moms group feed migrant families living on the streets

Published Tue, 24 Dec 2024 00:20:58 GMT

DENVER (KDVR) -- A group of local moms self-named "Highland Mommies" is continuing volunteer work to help migrant families living in Denver, covering everything from clothing to food. "We hear about the journey to get here and the hope for something much better, (but) then they are here with no resources," said Niya Gingerich, who is part of the group and the owner of Edgewater Inn Pizza. Gingerich said this is the third time she's made over two dozen pizzas and brought them down to the corner of 27th Avenue and Alcott Street where many migrants are currently living on the street. "Hot food is so important," Gingerich said. "Kids love pizza, it’s universal." She said her plan is now to come down every Wednesday going forward, bringing the pizza in tow. How you can help migrants in Denver “I think it hits close to home. I saw a family at Target on the corner and I think they needed help," Gingerich said. Edgewater Inn Pizza is a small, locally-owned business so Gingerich said they...

Denver teachers are worried about safety, overwhelming workloads

Published Tue, 24 Dec 2024 00:20:58 GMT

DENVER (KDVR) -- Over 2,600 educators responded to a survey facilitated by the Denver Classroom Teachers Association to better understand what are the biggest challenges facing educators in Denver Public Schools.The survey results are revealing. Large class sizes, overwhelming workloads, and excessive amounts of professional development training are all contributing to teachers struggling to meet individual students' needs. Student found with gun at George Washington High School in Denver School safety and student disciplineThe Denver Classroom Teachers Association noted that many schools have improved safety plans overall, but 70% of educators said they did not receive discipline plans in Spring 2023. Discipline plans provide guidelines on suspensions, expulsions and other disciplinary measures.About 48% of respondents indicated their school lacks a detailed safety plan familiar to staff. These plans cover concerns like student safety for mental health, adult mental health safet...

Families of American hostages in Gaza say Biden reaffirms commitment to freeing their loved ones

Published Tue, 24 Dec 2024 00:20:58 GMT

WASHINGTON (AP) — President Joe Biden on Wednesday held his first in-person meeting with families of some of the eight Americans still unaccounted for and presumed taken captive by Hamas during its deadly Oct. 7 attack on Israel, reassuring the families that his administration was committed to reuniting them with their loved ones.The family members said in a statement following the meeting that they urged Biden to do “everything in his power to negotiate a swift and total release of the remaining hostages,” and they in turn offered to do “anything he needs” to win the hostages’ release.“We felt before and we’re only reinforced in seeing and believing that we could have no better friend in Washington or in the White House than President Biden himself and his administration,” said Jonathan Dekel-Chen, whose son Sagui is among the Americans believed to be held by Hamas.The two-hour meeting came a day after Biden appeared to sharpen criticism of Israel’s execution of its ret...

Judge in Trump election case pauses court deadlines as appeal is heard on presidential immunity

Published Tue, 24 Dec 2024 00:20:58 GMT

WASHINGTON (AP) — Donald Trump’s election interference case in Washington will be put on hold while the former president further pursues his claims that he is immune from prosecution, a judge ruled Wednesday.The decision from U.S. District Judge Tanya Chutkan raises the likelihood that Trump’s trial on charges of plotting to overturn the 2020 election, currently scheduled for March 4, will be postponed as the appeal of a legally untested argument winds through the courts.The issue is of paramount significance to both sides given that a court ruling in Trump’s favor would presumably derail the case and because a protracted appeal could result in a significant postponement of the proceedings, including until potentially after next year’s election, that would benefit the ex-president as he seeks to reclaim the White House.The three-page order is the latest volley in a simmering dispute over the scope of presidential power that has the potential to be dec...

Dolphins place starting center Connor Williams on season-ending IR as injuries mount

Published Tue, 24 Dec 2024 00:20:58 GMT

MIAMI GARDENS, Fla. (AP) — The Miami Dolphins placed their starting center Connor Williams on season-ending injured reserve Wednesday after he suffered a torn anterior cruciate ligament in Monday’s loss to the Tennessee Titans.Williams, who will become a free agent in March, suffered the injury on the Dolphins’ first offensive series in a 28-27 home loss to Tennessee that knocked Miami out of the top spot in the AFC.The loss of Williams — one of Miami’s best offensive linemen — was felt on that same offensive series. A bad snap exchange between backup center Liam Eichenberg and quarterback Tua Tagovailoa resulted in a fumble that gave the Titans the ball at the Tennessee 2-yard line.Tagovailoa shouldered the blame for the mishandled snap, but added that it was an adjustment going from Williams to Eichenberg.“I’ve got to catch the snap,” he said. “I don’t get as many reps with Liam in practice. I get some reps as far as quarterback-center exchange, but because Conno...