The S&P 500 ended barely higher on Tuesday, Feb. 7, while the Nasdaq managed to scratch out a new record as gains in big tech names countered energy declines. The Dow Jones Industrial Average also hit an intraday all-time high just after the market opened, and the benchmark S&P 500 came close to yet another record high. U.S. equities have rallied sharply after President Donald Trump's election in November, spurred by hopes the Republican-led government will cut regulations and taxes and enact higher infrastructure spending.
VANCOUVER, British Columbia -- Police stopped a "well-intentioned" man on Vancouver Island on Monday night, Feb. 6, after he tried to clear a snowed-in neighborhood street with a Zamboni, a vehicle for cleaning the ice and a fixture in arenas across hockey-mad Canada. Central Saanich police spokesman Dan Cottingham said on Tuesday the man told them he had bought the machine second-hand to drive around and spread fertilizer on his farm just outside British Columbia's provincial capital, Victoria.
NEW YORK - A company that advances money to people awaiting settlement payouts was accused by New York and federal regulators of scamming sick responders to the Sept. 11, 2001 attacks, as well as National Football League retirees with brain injuries.
WASHINGTON - President Donald Trump's choice of billionaire Betsy DeVos to be education secretary was confirmed by the U.S. Senate on Tuesday, Feb. 7, but only after Vice President Mike Pence was called in to break a tie that threatened to defeat her. The tie-breaking vote, which Senate officials said was unprecedented to confirm a president's Cabinet nominee, came after two Republicans joined with 46 Democrats and two independents in opposition to DeVos.
WASHINGTON — In a procedural vote Tuesday, Feb. 8, the U.S. Senate cleared the way for confirming President Donald Trump's nomination of Sen. Jeff Sessions to be the next attorney general. By a vote of 52-47, the Republican-controlled Senate agreed to limit debate on Sessions. A final vote on confirming him to head the Justice Department, the nation's top law enforcement job, is likely sometime this week. Sessions, as is the custom for senators voting on their own nominations, cast a vote of "present."
WASHINGTON — Two U.S. Republican senators plan to unveil legislation on Tuesday, Feb. 7, aimed at curbing legal immigration into the United States by halving the overall number of people allowed to live as legal permanent residents, one of the bill's authors said. The measure would limit the total number of total green cards issued to about 500,000 per year, down from about 1 million, and focus on allowing in people seeking to reunite with their immediate family, Republican Sen. Tom Cotton told MSNBC.
LILONGWE, Malawi — Malawi's High Court on Tuesday, Feb. 7, granted Madonna permission to adopt twins from the Southern African country, a judiciary spokesman said. The singer has previously adopted two children from Malawi, stirring anger among some Malawians who accused the government of allowing her to skirt laws that ban non-residents from adopting. Madonna was inside the courtroom when the approval ruling was delivered, judiciary spokesman Mlenga Mvula said. Reuters could not reach representatives for Madonna for comment.
The Dow Jones Industrial Average and the Nasdaq Composite hit record levels at the open on Tuesday, Feb. 7, while the S&P 500 was less than five points away from hitting another all-time high. Investors are assessing corporate earnings to see if stock valuations are justified after a post-election rally drove U.S. equities to record highs. Fourth-quarter earnings are estimated to have risen 8.1 percent - the best in nine quarters.
WINNIPEG, Manitoba -- A Canadian judge found a mother guilty on Monday of concealing the decomposing remains of her six babies in a storage locker. Andrea Giesbrecht, who turns 43 this week, was charged with six counts of concealing the body of a child in October 2014. Staff at U-Haul discovered the stinking bodies in her locker after she fell behind on payments. Police then found the remains of five boys and a girl, at gestational ages ranging between 34 and 40 weeks, in garbage bags, plastic bins and pails, along with children's toys and clothing.
U.S. stocks slipped on Monday, Feb. 6, led by the energy sector as oil prices dropped, while investors awaited the next run of major earnings reports and sought further clarity on President Donald Trump's economic policies. The benchmark S&P 500 receded after climbing close to a record high on Friday. U.S. equities have rallied since Trump's November election, spurred by hopes for fiscal stimulus, lower taxes and fewer regulations under the Republican-led federal government.