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Stock market today: World shares decline on worries over US debt; Germany slips into recession

Published Tue, 05 Nov 2024 10:32:34 GMT

World shares declined Thursday as investors watched for signs of progress on a deal to avert a default on U.S. government debt. U.S. futures were mixed and oil declined. Germany slipped into recession as its economy contracted 0.3% in the first quarter of the year. The data from the Federal Statistical Office showed a second quarter of contraction, which is one definition of recession.The figures were a blow to the German government, which last month boldly doubled its growth forecast for this year after a feared winter energy crunch failed to materialize. IIn Frankfurt, the DAX lost 0.5% to 15,767.10 while the CAC 40 in Paris slipped 0.3% to 7,229.45. Britain’s FTSE gave up 0.3% to 7,601.55. The future for the S&P 500 gained 0.5% while that for the Dow Jones Industrial Average was down 0.3%. Tokyo was one of the few markets that advanced. Investors have been betting on higher returns from Japanese companies , taking advantage of the dollar’s strength against the Jap...

NetEase: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 10:32:34 GMT

HANGZHOU, China (AP) — HANGZHOU, China (AP) — NetEase Inc. (NTES) on Thursday reported net income of $983.6 million in its first quarter.On a per-share basis, the Hangzhou, China-based company said it had profit of $1.51. Earnings, adjusted for stock option expense, came to $1.69 per share.The internet technology company posted revenue of $3.65 billion 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 NTES at https://www.zacks.com/ap/NTESSource

Miami PD investigating after man falls into ocean over sea wall

Published Tue, 05 Nov 2024 10:32:34 GMT

Officers from the Miami Police Department are investigating the scene at a sea wall near 1155 Brickell Bay Drive after a person fell over.Just before 5 a.m. Thursday, City of Miami Fire Rescue units responded to a drowning after, officials said, a man fell into the ocean.Once paramedics arrived, the man was taken to Ryder Trauma Center in critical condition.According to rescue officials, a friend of the man who fell into the sea jumped in after him, but he was treated on the scene and did not need to be transported. As crime tape continued to block off the area, police are investigating how the incident occurred.Please check back on WSVN.com and 7News for more details on this developing story.

Spain’s Socialists have a Sánchez problem

Published Tue, 05 Nov 2024 10:32:34 GMT

SEVILLE, Spain — Socialist Prime Minister Pedro Sánchez won’t be on the ballot when Spaniards vote in local elections Sunday — but he might as well be.Everyone in the country sees this weekend’s municipal votes as a dress rehearsal for the national election, which has to be held by the end of the year.That’s bad news for Socialist candidates like Antonio Muñoz, the mayor of Seville who just wants to be reelected on his own merit — but may end up losing his post because Sánchez is so unpopular.In an interview with POLITICO, Muñoz complained that the national framing of the election — and the conservative party’s critiques of Sánchez — had undermined the possibility of real debate over how to improve Spain’s fourth-largest city, the capital of the country’s Andalusia region.“If you want to just generate noise and have a debate about national politics: run for parliament, not mayor of Seville,” Muñoz said. “Me, I’ve stayed faithful ...

Police investigating after person found shot following crash in Stoughton

Published Tue, 05 Nov 2024 10:32:34 GMT

Several people taken to the hospital, including one person who was found to be suffering from a gunshot wound, after a crash in Stoughton Wednesday night, police said.Stoughton police said the crash happened at the intersection of Plain Street and West Street,Police said the person with the gunshot wound was taken to a hospital. Four other people were also taken to the hospital with unknown injuries, according to police.The intersection was closed to all traffic as of around 11 p.m. Wednesday and is expected to remain closed until further notice. Three vehicles were seen stopped in the intersection. In an update, though, police said only two of the vehicles were involved in the crash.While an investigation was ongoing, police said they did not believe there was an exchange of gunfire. Instead, police said they believed someone in one of the cars in the crash fired shots into the third car, a white SUV, which was not involved in the crash. A man was then found with a gunshot wou...

Fire crews battling blaze in Somerville triple-decker

Published Tue, 05 Nov 2024 10:32:34 GMT

Fire crews are battling a large fire that has broke out in a triple-decker in Somerville.No additional information was immediately available.This is a developing news story; stay with 7NEWS on-air and online for the latest details.

Winning Weekend Weather

Published Tue, 05 Nov 2024 10:32:34 GMT

The warmth of yesterday went out with that late-day front sliding through, ushering in cooler air along with some showers. The rain has tapered off early on this Thursday morning, yielding back to dry air, but cooler air as well. Highs today max out in the mid 60s with a northerly wind gusting to 15-20mph. It’ll be cool tonight with temps fading back into the upper 30s and low 40s in the cooler suburbs. The bounce back is nice tomorrow, as highs reach the low 70s inland and hold near 60 at the coast. The long weekend forecast looks great. Payback for the 2021 Memorial Day Weekend when 50s and rain prevailed? Temps Saturday run into the mid 70s, we push low to mid 80s Sunday and then back into the 70s Monday. It’ll be dry from start to finish with comfortable amounts of humidity in place. The Cape Cod forecast is dry, with temps in the 60s. The Lakes Region forecast is great too as mild to warm air wins out. Enjoy the weekend!

Mayor Wu, Commissioner Cox to hold news conference amid uptick in violence in Boston

Published Tue, 05 Nov 2024 10:32:34 GMT

Mayor Michelle Wu and Boston Police Commissioner Michael Cox will hold a news conference Thursday to address an uptick in street violence in the city just a day after 7NEWS obtained surveillance video showing a person firing shots at a busy intersection.The video shows what appears to be a person firing a gun in a busy intersection in Dorchester at the same time of a report of shots fired in the area Tuesday.The video was captured by a security camera at a local business at the intersection of Gallivan Boulevard and Dorchester Avenue.The business owner said he has shared the video with police. In the video, a person dressed in gray can be seen walking across the street. The person appears to take several shots at nearby cars before running off. A home across the street was grazed by a bullet. No injuries were reported in the shots fired incident.Boston Police told 7NEWS they were still actively looking for the shooter as of Wednesday.Community leaders have raised conc...

Battenfeld: Hillary Clinton waiting for Joe Biden to stumble in 2024?

Published Tue, 05 Nov 2024 10:32:34 GMT

Don’t look now, but Hillary Clinton is still lurking in the weeds, waiting for Joe Biden to stumble. Literally.The former Secretary of State insists she’s not running for president again, but has offered only a tepid endorsement of Biden while raising questions about his age.“I obviously hope he stays very focused and is able to compete in the election,” Clinton said condescendingly of the 80-year-old President. “Because I think he can be re-elected and that’s what we should all hope for.”But Clinton even agreed that falling is a potential health risk for Biden, and did not dismiss the age issue as many other in denial Democrats have.“His age is an issue and people have every right to consider it,” she said at last weekend’s Financial Times Weekend Festival.Clinton also said she thinks Biden is ready to run for office again and said he hasn’t gotten enough credit for his “good record” in office.Thanks, Hillary. She’s lucky her remarks were mostly ignored.But if hope turn...

Boston Reparations Task Force coordinator arrested in City Hall

Published Tue, 05 Nov 2024 10:32:34 GMT

The project coordinator for the City of Boston’s Task Force on Reparations was arrested last week inside City Hall and charged with trespassing and resisting arrest. He has since been fired.Boston Police officers were called to City Hall at around 9:40 p.m. Thursday and met with members of the City Hall Municipal Protective Services who reported that an employee was trespassing in an office upstairs.That employee was George Williams, 35, who the MPS officers said they had been having trouble with for the past three weeks, “with him trespassing in the building after hours, and at times becoming aggressive and threatening to other staff members inside of City Hall,” according to the police report of the incident.The Task Force was established by unanimous vote in December 2022 by City Council and is made up of 10 members, “including two youth voices,” according to its City website page. The group is “working with a research partner to release a study on the legacy of slavery in Boston...