Month: July 2026

By Jacqueline Policastro | Quincy News Correspondent

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    Washington (Quincy News) — Market Recap: Wall Street ended Friday mixed as another semiconductor selloff weighed on technology stocks. The Dow rose 0.46% and the S&P 500 edged up 0.05%, while the Nasdaq fell 0.64%. All three major indexes finished lower for the week.

The Philadelphia Semiconductor Index dropped 4.5% Friday, and Intel shares fell 7.9% amid broader concerns about whether large AI investments will produce profits quickly enough to justify elevated technology valuations.

Oil prices fell sharply over the weekend after the U.S. paused strikes on Iran. Brent crude futures dropped to around $90 a barrel Monday after briefly topping $100 last week, easing concerns that higher energy prices could push up gasoline prices and add to inflation.

Today’s Focus: The week’s main event is the Federal Reserve’s policy decision Wednesday. The Fed is expected to hold rates steady, but investors will watch Chair Kevin Warsh’s news conference for signals about inflation and the path ahead. For consumers, a hold keeps borrowing costs on mortgages, credit cards, and auto loans steady for now, even as rate-hike odds have risen this week.

Big Tech earnings will also drive markets. Microsoft and Meta report Wednesday, followed by Apple and Amazon on Thursday. Investors want clearer evidence that heavy spending on AI infrastructure is translating into sustainable revenue and profit growth.

Thursday brings the week’s biggest economic data lineup, including second-quarter GDP and the Fed’s preferred PCE inflation gauges.

ON THE SCHEDULE FOR THE WEEK OF MONDAY, JULY 27, 2026

-Monday – Treasury auctions 2-year and 5-year notes

-Tuesday, 10:00 a.m. ET – Conference Board Consumer Confidence Index (July)

-Tuesday, earnings – Boeing, Coca-Cola and Visa

-Wednesday, 2:00 p.m. ET – Federal Reserve interest-rate decision; 2:30 p.m. ET- Warsh press conference

-Wednesday, earnings – Microsoft and Meta

-Thursday, 8:30 a.m. ET – Q2 GDP (advance estimate), PCE inflation, and weekly jobless claims

-Thursday, earnings – Apple and Amazon

-Friday, 10:00 a.m. ET – University of Michigan Consumer Sentiment (Final, July)

-Friday, earnings – Exxon Mobil and Chevron

Please note: This story was provided to CNN Wire by an affiliate and does not contain original CNN reporting. This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.

By Jose Fabian

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    MORGAN HILL, California (KPIX) — One person was killed, and six were injured after a shooting at a large party in Morgan Hill Saturday, the Santa Clara County Sheriff’s Office said.

Deputies were first called to Hale and Miramonte avenues around 10:15 p.m. for reports of intoxicated people in the street and someone throwing bottles at a car. However, deputies arrived to find what the sheriff’s office describes as a “chaotic scene.”

A shooting had sent more than 300 people running to leave the area. Brooks Jarosz, senior communications officer with the sheriff’s office, said deputies heard the gunshots and immediately called for backup.

Seven people shot at Morgan Hill party First responders found multiple people shot, and one of them was declared dead at the scene. The others were taken to the hospital.

Jarosz said some of the victims have been discharged from the hospital, but others have serious injuries and remain hospitalized. All the victims are adults.

The sheriff’s office initially said there were eight people who were shot, including the person who was killed. They later clarified it was a total of seven people.

According to the sheriff’s office, the more than 300 people were at an “unsanctioned party promoted through social media.” Jarosz added that the party was advertised as a “birthday bash” and was held in an open field. An area was set up for people to reunite after the shooting.

No arrests or suspects yet No arrests have been announced, and the sheriff’s office said they expect the investigation to be “lengthy and complex.” Crime scene investigators were at the scene overnight and into Sunday searching for evidence, Jarosz said. K-9s were also there to help with finding shell casings and other evidence.

Meanwhile, investigators said preliminary information is that a handgun was used and that they are looking for the person or people responsible.

“This tragic and senseless violence is entirely unacceptable. Our hearts go out to the victim’s family, those recovering from their injuries and everyone in our community affected by this traumatic event. We will work tirelessly until those responsible for this horrific act are identified, apprehended, and held fully accountable,” Sheriff Robert Jonsen said.

The Morgan Hill Police Department, Gilroy Police Department, California Highway Patrol and San Jose Police Department all responded to the scene and helped with first aid, scene security, traffic control and investigative work.

Please note: This story was provided to CNN Wire by an affiliate and does not contain original CNN reporting. This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.

By Cecilio Padilla

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    TUOLUMNE COUNTY, California (KOVR) — Mandatory evacuations remain in place Sunday night as firefighters continue battling the 223-acre Dove Fire in Tuolumne County near Sonora and Jamestown.

Cal Fire said fire activity decreased as night fell and air and ground crews were making progress against the flames.

By 9 p.m., the Tuolumne County Sheriff’s Office had downgraded the evacuation order for Beretta Street from Washington, Restano and Mono to Lyons Road to a warning. All other evacuation orders and warnings remained in place.

Mandatory evacuation orders remain in effect for McKibbon Drive, Golden Dove Lane, Crooked Lane, Southgate Road, Stockton Road and Silver Pine Lane.

Orders also cover the south side of Mono Way from Greenley Road to Washington Street, Golden Dove and The Silos on Washington Street to Hospital Road.

Evacuation warnings are in place for South Washington Street to Barretta Street, Martha Lane, Outlook Drive, South Stewart Street, South Shepherd Street, Beretta Street and Washington Street from Highway 108 to the Red Church at Snell Street.

The warning area also includes Beretta Street from Washington, Restano and Mono to Lyons Road, which had previously been under a mandatory evacuation order.

Some roads began reopening Sunday night. Highway 108 was set to reopen at 9 p.m. with one-way traffic control between Stockton Road and Wigwam Road.

Highway 108 has also reopened between Washington Street and Mono Way and between Stockton Road and Fifth Avenue. Pesce Road has reopened, while Washington Street is open from Snell Street to Bradford Street.

Road closures remain on Washington Street from Highway 108 to Bradford Street, Forest Road at Sylvan Drive, and Stockton Road at Highway 108, Bradford Street, Solynski Road and Green Street.

Deputies said they will patrol evacuated areas overnight as firefighters continue working.

The Tuolumne Community Resilience Center at 18241 Bay Ave. in Tuolumne remains open as an evacuation center. People staying there can bring small animals, including dogs and cats.

The Tuolumne County Transit Center at 12879 Justice Center Drive in Sonora is open as a cooling center and location for fresh air for unhoused residents and people at Camp Justice.

A temporary animal evacuation shelter is available at Tuolumne County Animal Control at 10040 Victoria Way in Jamestown. Large animals can be taken to the Posse Grounds at 19130 Rawhide Road in Jamestown.

Anyone who feels unsafe in the affected area is urged to leave without waiting for an evacuation order. Officials are also asking people to avoid areas where emergency crews are working.

The fire is burning in the Mill Villa area southwest of downtown Sonora, near Highway 108 and Stockton Road and just northeast of Jamestown.

Please note: This story was provided to CNN Wire by an affiliate and does not contain original CNN reporting. This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.

By Brittney Ermon

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    VENICE, California (KCAL, KCBS) — Dangerous rip currents pulled two swimmers away from the Los Angeles County shore near the Venice Pier on Saturday.

“Yesterday was one of the worst rips I’ve ever seen,” witness Adam Rose said. “I mean, it puts the gnarly in the idea of a gnarly rip current.”

Rose captured both rescues on camera on Saturday.

“It was a relief because it’s a really scary thought that people are being swept out like that,” Rose said.

Two lifeguards from the Los Angeles County Fire Department battled through the powerful waves to rescue the two swimmers and return them to safety.

“That was an awesome display of that beach patron or that beachgoer staying calm,” lifeguard Pono Barnes said.

Barnes watched the video and said the swimmer did exactly what lifeguards want people to do: stay calm.

Please note: This story was provided to CNN Wire by an affiliate and does not contain original CNN reporting. This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.

By Austin Turner

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    LOS ANGELES, California (KCAL, KCBS) — Sunset Boulevard in West Hollywood has fully reopened after a broken water main led to flooded streets and more than a week of repair work on the iconic and busy roadway, officials said.

According to the city of West Hollywood, the street reopened at about 11 p.m. Friday. The initial rupture occurred in the early morning hours of July 16, when a 36-inch LADWP steel main broke near Sunset and Horn Drive.

Resulting flooding damaged dozens of vehicles and led to power outages in nearby buildings and the temporary closure of several businesses. A massive sinkhole then opened up, leaving Los Angeles Department of Water and Power crews with the prospect of filling and repaving the street.

“On behalf of the West Hollywood City Council and our entire community, I’d like to express our heartfelt gratitude to the dedicated LADWP crews who worked around the clock under extraordinarily challenging conditions,” said West Hollywood Mayor John Heilman. “I also want to thank our City employees, first responders, regional agency partners, local businesses, neighborhood organizations, and countless residents who demonstrated patience, resilience, and compassion throughout this response. We know this incident caused significant hardship for many people, particularly those whose homes, businesses, and daily routines were directly impacted. While reopening Sunset is an important milestone, we still have a lot to do to help our residents and businesses recover from this incident.”

The current repaving is temporary, the city said, leaving crews with the task of repaving the road at a later date. Permanent repairs will be made in the coming weeks, leading to additional temporary closures, the city said.

“Thank you to the LADWP crews who have been working around the clock to make repairs,” Los Angeles Mayor Karen Bass said. “LADWP is also accelerating plans to fully replace the original pipe to strengthen reliability.”

The replacement of the original pipe was scheduled to take place in 2031, according to LADWP, which Bass says will now occur sooner.

“Because this is a large, complex construction effort expected to span approximately four years, it will require detailed traffic management planning, close coordination with neighbors and businesses, and compliance with state regulatory processes and permitting,” LADWP said. “LADWP is committed to pursuing every opportunity to expedite legally required permitting and regulatory reviews, including the California Environmental Quality Act (CEQA).”

Please note: This story was provided to CNN Wire by an affiliate and does not contain original CNN reporting. This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.