WWMVIP is Redefining Financial Contract Management and Trading
Heavy travel day starts with brief grounding of all American Airlines flights
Stock indexes drifted to a mixed finish on Wall Street Thursday, as some heavyweight technology and communications sector stocks offset gains elsewhere in the market. The S&P 500 fell less than 0.1% after spending the day wavering between small gains and losses. The tiny loss ended the benchmark index's three-day winning streak. The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite fell 0.1%. Trading volume was lighter than usual as U.S. markets reopened following the Christmas holiday. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, slipped 0.2%. Meta Platforms fell 0.7%, and Amazon and Netflix each fell 0.9%. Tesla was among the biggest decliners in the S&P 500, finishing 1.8% lower. Some tech companies fared better. Chip company Broadcom rose 2.4%, Micron Technology added 0.6% and Adobe gained 0.5%. Health care stocks were a bright spot. CVS Health rose 1.5% and Walgreens Boots Alliance added 5.3% for the biggest gain among S&P 500 stocks. Several retailers also gained ground. Target rose 3%, Ross Stores added 2.3%, Best Buy rose 2.9% and Dollar Tree gained 3.8%. Traders are watching to see whether retailers have a strong holiday season. The day after Christmas traditionally ranks among the top 10 biggest shopping days of the year, as consumers go online or rush to stores to cash in gift cards and raid bargain bins. U.S.-listed shares in Honda and Nissan rose 4.1% and 16.4%, respectively. The Japanese automakers announced earlier this week that the two companies are in talks to combine. All told, the S&P 500 fell 2.45 points to 6,037.59. The Dow added 28.77 points to 43,325.80. The Nasdaq fell 10.77 points to close at 20,020.36. Wall Street got a labor market update. U.S. applications for unemployment benefits held steady last week , though continuing claims rose to the highest level in three years, the Labor Department reported. Treasury yields mostly fell in the bond market. The yield on the 10-year Treasury slipped to 4.58% from 4.59% late Tuesday. Major European markets were closed, as well as Hong Kong, Australia, New Zealand and Indonesia. Trading was expected to be subdued this week with a thin slate of economic data on the calendar. Still, U.S. markets have historically gotten a boost at year’s end despite lower trading volumes. The last five trading days of each year, plus the first two in the new year, have brought an average gain of 1.3% since 1950. So far this month, the U.S. stock market has lost some of its gains since President-elect Donald Trump’s win on Election Day, which raised hopes for faster economic growth and more lax regulations that would boost corporate profits. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Even so, the U.S. market remains on pace to deliver strong returns for 2024. The benchmark S&P 500 is up 26.6% so far this year and remains near its most recent all-time high it set earlier this month — its latest of 57 record highs this year. Wall Street has several economic reports to look forward to next week, including updates on pending home sales and home prices, a report on U.S. construction spending and snapshots of manufacturing activity. AP Business Writers Elaine Kurtenbach and Matt Ott contributed.
COLUMBIA, South Carolina (AP) — Victims' families and others affected by crimes that resulted in federal death row convictions shared a range of emotions on Monday, from relief to anger, after President Joe Biden commuted dozens of the sentences . Biden converted the sentences of 37 federal death row inmates to life imprisonment without the possibility of parole. The inmates include people convicted in the slayings of police and military officers, as well as federal prisoners and guards. Others were involved in deadly robberies and drug deals. Three inmates will remain on federal death row: Dylann Roof , convicted of the 2015 racist slayings of nine Black members of Mother Emanuel AME Church in Charleston, South Carolina; the 2013 Boston Marathon Bomber, Dzhokhar Tsarnaev , and Robert Bowers, who fatally shot 11 congregants at Pittsburgh’s Tree of life Synagogue in 2018 , the deadliest antisemitic attack in U.S history. Opponents of the death penalty lauded Biden for a decision they'd long sought. Supporters of Donald Trump , a vocal advocate of expanding capital punishment, criticized the move weeks before the president-elect takes office. Donnie Oliverio, a retired Ohio police officer whose partner, Bryan Hurst, was killed by an inmate whose death sentence was commuted, said the killer's execution "would have brought me no peace.” “The president has done what is right here,” Oliverio said in a statement also issued by the White House. But Hurst’s widow, Marissa Gibson, called Biden's move distressing and a "complete dismissal and undermining of the federal justice system,” in a statement to The Columbus Dispatch . Tim Timmerman, whose daughter, Rachel, was thrown into a Michigan lake in 1997 to keep her from testifying in a rape trial, said Biden's decision to commute the killer's sentence offered families “only pain.” "Where’s the justice in just giving him a prison bed to die comfortably in?” Timmerman said on WOOD-TV. Heather Turner, whose mother, Donna Major, was killed in a 2017 South Carolina bank robbery, called the commutation of the killer's sentence a “clear gross abuse of power” in a Facebook post. “At no point did the president consider the victims,” Turner wrote. “He, and his supporters, have blood on their hands.” Corey Groves, whose mother, Kim Groves, was murdered in a 1994 plot by a New Orleans police officer after she filed a complaint against him, said the family has been living with the “nightmare” of her killer for three decades. “I have always wanted him to spend the rest of his life in prison and have to wake up every morning and think about what he did when he took our mother from us," Groves said in a statement through his attorney. Families of the nine people killed and the survivors of the massacre at the Mother Emanuel AME Church have long had a broad range of opinions on Roof's punishment. Many forgave him, but some say they can’t forget and their forgiveness doesn’t mean they don’t want to see him put to death for what he did. Felicia Sanders survived the shooting shielding her granddaughter while watching Roof kill her son, Tywanza, and her aunt, Susie Jackson. Sanders brought her bullet-torn bloodstained Bible to his sentencing. In a text message to her lawyer, Andy Savage, Sanders called Biden’s decision to not spare Roof’s life a wonderful Christmas gift. Michael Graham, whose sister, Cynthia Hurd, was killed, told The Associated Press that Roof’s lack of remorse and simmering white nationalism in the country means he is the kind of dangerous and evil person the death penalty is intended for. “This was a crime against a race of people," Graham said. “It didn’t matter who was there, only that they were Black.” But the Rev. Sharon Risher, who was Tywanza Sanders’ cousin and whose mother, Ethel Lance, was killed, criticized Biden for not sparing Roof and clearing out federal death row. “I need the President to understand that when you put a killer on death row, you also put their victims' families in limbo with the false promise that we must wait until there is an execution before we can begin to heal,” Risher said in a statement. Risher, a board member of Death Penalty Action, which seeks to abolish capital punishment, said during a Zoom news conference that families “are left to be hostages for the years and years of appeals that are to come.” Abraham Bonowitz, Death Penalty Action’s executive director, said Biden was giving more attention to the three inmates he chose not to spare, something they all wanted as a part of their political motivations to kill. “When Donald Trump gets to execute them what will really be happening is they will be given a global platform for their agenda of hatred,” Bonowitz said. Biden had faced pressure from advocacy organizations to commute federal death sentences, and several praised him for taking action in his final month in office. Anthony D. Romero, executive director of the ACLU, said in a statement that Biden has shown "the brutal and inhumane policies of our past do not belong in our future.” Republicans, including Sen. Tom Cotton of Arkansas, criticized the move — and argued its moral ground was shaky given the three exceptions. “Once again, Democrats side with depraved criminals over their victims, public order, and common decency,” Cotton wrote on X. “Democrats can’t even defend Biden’s outrageous decision as some kind of principled, across-the-board opposition to the death penalty since he didn’t commute the three most politically toxic cases.” Two men whose sentences were commuted were Norris Holder and Billie Jerome Allen, on death row for opening fire during a 1997 bank robbery in St. Louis, killing a guard, 46-year-old Richard Heflin. Holder’s attorney, Madeline Cohen, said in an email that Holder, who is Black, was sentenced to death by an all-white jury. “Norris’ case exemplifies the racial bias and arbitrariness that led the President to commute federal death sentences,” Cohen said. “Norris has always been deeply remorseful for the pain his actions caused, and we hope this decision brings some measure of closure to Richard Heflin’s family.” But Ed Dowd Jr., the U.S. attorney in St. Louis at the time of the robbery and now a private attorney, criticized Biden's move. “This case was a message to people who wanted to go out and shoot people for the hell of it, that you’re going to get the death penalty,” Dowd said. Now, "Biden is sending a message that you can do whatever you want and you won’t get the death penalty.” This story has been updated to correct the spelling of Rev. Sharon Risher's name. Swenson reported from Seattle. Associated Press writers Sara Cline in Baton Rouge, Louisiana; Jim Salter in O'Fallon, Missouri; Stephen Smith in New Orleans, and Corey Williams in Detroit contributed.12_17-24 Business Briefs
In recent days, a growing number of individuals have reported instances of receiving unexpected credit inquiry text messages on their smartphones. Among them, one particular man has found himself inundated with such messages, leaving him concerned about the potential misuse of his personal information. The man, who chooses to remain anonymous, suspects that his phone number has been improperly used for credit inquiries without his consent.It is alleged that Mr. Bu was involved in a scheme to kidnap and detain individuals for ransom. This shocking revelation has raised concerns about the safety of individuals in the community and the possible existence of underground networks engaged in criminal activities. The authorities are conducting a thorough investigation to uncover the full extent of Mr. Bu's involvement and to bring all responsible parties to justice.