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Americans bump up spending in June as inflation eases in a strong jobs market

Published Fri, 07 Feb 2025 18:02:38 GMT

NEW YORK (AP) — Americans increased their spending last month as inflation eased in many areas, and the job market remained remarkably strong. Retail sales rose 0.2% from May to June, following a revised 0.5% increase the previous month, the Commerce Department reported Tuesday. The figure matched the pace of consumer inflation in June from the prior month, underscoring that shoppers are just about keeping up with pricing pressures. While the headline number of 0.2% was a bit weaker than expected, economists Tuesday focused on data that excludes volatile autos, gas, building materials and food services, which rose a solid 0.6% in June. That 0.6% figure is used to help calculate overall economic growth in the U.S., and it was a pretty strong showing in June. Shoppers increased spending at electronic stores and furniture and home furnishings stores after a recent pullback. Online sales also had a solid increase. But sales at grocery stores, gas stations and sporting goods stores fell....

Stock market today: Big financial companies lead Wall Street higher after mixed economic data

Published Fri, 07 Feb 2025 18:02:38 GMT

NEW YORK (AP) — Stocks of several financial titans are leading Wall Street higher Tuesday following some mixed reports on the economy. The S&P 500 was 0.4% higher in midday trading, with the majority of the stocks in the index on the upswing. The Dow Jones Industrial Average was up 357 points, or 1%, at 34,942, as of 11:15 a.m. Eastern time, and the Nasdaq composite was 0.1% lower.Charles Schwab jumped 11.7% after reporting stronger profit and revenue for the spring than analysts expected. Several other big financial companies also reported better results than forecast, including Bank of America, Morgan Stanley and Bank of New York Mellon.On the losing end was Masimo, which makes medical equipment and also runs a consumer audio business home to the Bowers & Wilkins and Denon brands. It tumbled 21.7% after it said it expects to report weaker-than-expected revenue for the spring in part because of fewer patients at U.S. hospitals. It also said a decline in demand for audio pro...

Spain fines Apple and Amazon $218 million for elbowing out small retailers

Published Fri, 07 Feb 2025 18:02:38 GMT

MADRID (AP) — Amazon and Apple were fined a total of 194 million euros ($218 million) Tuesday for colluding to box out competitors by favoring sales of Apple products directly from the online retail giant, Spain’s antitrust watchdog said.Amazon and Apple reached agreements in 2018 that limited the free competition of third-party sellers who hawk Apple goods through Amazon’s platform for smaller retailers, according to Spain’s National Markets and Competition Commission, which oversees Spanish markets for antitrust violations.“The investigated behaviors could be restricting competition in the sectors of the Internet sale of electronic products, and the provision of marketing services to third-party retailers through online platforms (Marketplace) in Spain,” the regulator said.The tech giants also limited the capacity for third parties to advertise Apple products on Amazon, according to Spanish regulators. In addition, the companies are accused of reaching a deal that limited Am...

COPA has not substantiated allegations into CPD migrant sexual misconduct; new one opened

Published Fri, 07 Feb 2025 18:02:38 GMT

CHICAGO — While the investigation is ongoing, the Civilian Office of Police Accountability (COPA) said in an update Tuesday that they have not be able to substantiate allegations into sexual misconduct of migrants within CPD’s 10th district.However during the course of the investigation, an additional allegation of a sexual nature against a migrant in CPD’s 19th district has been opened.On July 6, COPA Chief Administrator Andrea Kersten said they were made aware of allegations that officers engaged in sexual relationships with migrants who were living at the West Side police station.While saying the investigation has been “broad” and ongoing, Kersten told reported Tuesday that COPA has been not able to identify a migrant or migrants who have had these alleged experiences. CPD officers under investigation for sexual relationship with migrants living at station Migrants located at the 10th district were relocated to other temporary shelters after the allegations.No additional inform...

First lawsuit filed in Northwestern hazing scandal

Published Fri, 07 Feb 2025 18:02:38 GMT

COOK COUNTY, Ill.— The first major legal action has come in the wake of a major hazing scandal at Northwestern University. On Tuesday, a lawsuit was filed by a former player, who was with the team from 2018-2022, in Cook County Circuit Court "related to allegations of having and sexual abuse in the University's football program." It lists Northwestern University, former head coach Pat Fitzgerald, current president Michael Schill, former president Morton Shapiro and current athletic director Dr. Derrick Gragg as defendants.The "John Doe" in the case is being represented by attorneys Patrick A. Salvi II of Salvi, Schostok & Pritchard in Chicago, Parker Stinar of the Stinar Law Firm in Denver, and Adam Pulaski of Pulaski Kherker in Houston. Ben Crump retained by group of Northwestern athletes amidst hazing scandal The lawsuit alleges that Fitzgerald and the other defendants failed to prevent or intervene in hazing traditions along with other acts that wer...

FDA warns not to use these ultrasound medical devices

Published Fri, 07 Feb 2025 18:02:38 GMT

The U.S. Food and Drug Administration is warning consumers not to use ultrasound medical devices manufactured and distributed by RoyalVibe Health, CellQuicken, or Well-Being Reality.According to the FDA, the safety and effectiveness of these devices have not been established to diagnose, treat, or cure medical conditions. The administration says using these medical devices may result in adverse effects, including pain, bruising, burns, scarring, nerve damage, muscle weakness, or numbness. For more information, go to www.fda.gov

$25,000 Utah Treasure Hunt prize found by Iowa woman

Published Fri, 07 Feb 2025 18:02:38 GMT

SALT LAKE CITY (KTVX) -- It took 51 days for someone to find the $25,000 prize in the 2023 Utah Scavenger Hunt. Treasure-seekers from Utah and beyond have been on an exciting journey across the state to locate the treasure. Using only a secret riddle in the form of a poem to guide them, a wave of hunters did their best to decipher its meaning. An Iowa woman, Chelsea Gotta, made three separate trips to search and nearly gave up before deciding to give it one last shot. Utah Treasure Hunt breaks down each clue for 2023 poem "I went home and said, 'I'm done' -- and couldn't let it go . . . So, I just kept researching this week," Gotta said in an interview with the hunt's creators."It's an inspiring story," John Maxim of Utah Treasure Hunt. "Pretty impressive that she did all that work to get it... The treasure hunt -- like we've always said -- we wanted it to be free and open for everyone, and this just solidifies that anyone can do it."According to an Instagram video, the treasure ...

VIDEO: Colorado bear stuck in dumpster

Published Fri, 07 Feb 2025 18:02:38 GMT

COLORADO (KRQE) - Colorado Parks and Wildlife officials saved a bear cub trapped in a dumpster over the weekend.CPW said the cub climbed into the trash receptacle in a community south of Denver while searching for food. What is that string of lights over New Mexico’s night sky? Wildlife experts and Douglas County Sheriff's deputies placed a chain link fence inside so the bear could make its way out of the dumpster.After "clambering out," the cub ran off and was reunited with its mother. In its tweet, the CPW said, "Sometimes, we just need a little help from our friends."According to the CPW, Colorado black bears, which are typically active from mid-March to early November, need to consume 20,000 calories daily to be able to survive the winter months, when they abstain from eating and drinking during hibernation.

Century-old records coming down with ongoing heat

Published Fri, 07 Feb 2025 18:02:38 GMT

AUSTIN (KXAN) -- We'll continue to rewrite records this week as July's relentless heatwave rolls on.Austin's forecast high of 108° today is likely to take down the 100-year-old daily record high of 107°. Sunshine, dry skies and southerly winds (10-15 mph) can be expected areawide.Tuesday afternoon forecast highsDue to the intense heat, Excessive Heat Warnings and Heat Advisories remain in place through 9 p.m. tonight.Heat alerts in effect through 9 p.m. tonight (TUE)One of the strongest heat domes ever observed over the Desert Southwest is moving toward Texas through midweek, potentially leading to high temperatures as hot as 109-110° in some areas -- 10-15 degrees hotter than July averages.Record-setting heat dome is coming our wayThe first 17 days of this month have produced an average temperature of 90.4°. This is the second hottest start to any July, topped by 90.5° the first 16 days of last year.What's more? We're expecting to set a new record for the longest stretch of 105° or...

How to get to Blues on the Green in Austin

Published Fri, 07 Feb 2025 18:02:38 GMT

Editor's Note: The video above shows KXAN Live’s top headlines for July 18, 2023AUSTIN (KXAN) -- Austin City Limits Radio's annual Blues on the Green returns Tuesday and Wednesday at Zilker Park. With thousands expected to flock to downtown Austin to enjoy live music, here's a breakdown of ways to safely get to and from Zilker Park.Rideshare servicesACL Radio has partnered with rideshare service Wridz for the two-day 2023 event. Wridz' official pickup spot is at Wanderlust Wine Co., located at 1601 Barton Springs Road.CapMetroSeveral CapMetro service routes will transport attendees close to Zilker Park. MetroBus Routes 3 and 30 head toward the park, while MetroRapid Route 803 are the most direct lines of access to the concert. Memphis, known for blues music, will have a booth at Blues on the Green Riders can pick up MetroRapid Route 803 at any CapMetro stations between The Domain and Westgate and take it directly to Barton Springs Station, located at the intersection of South Lama...