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Business Highlights: Fed chair hints at rate hike pause; Talks to avoid US default at standstill

Published Wed, 26 Feb 2025 20:51:03 GMT

___ Federal Reserve Chair Powell hints at a pause in rate hikes when central bank meets next monthWASHINGTON (AP) — Chair Jerome Powell indicated that the Federal Reserve will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate 14 months ago to fight high inflation. In signaling so, Powell provided some clarity about the Fed’s likely next policy move after a cacophony of speeches this week by central bank officials had clouded the picture. “Having come this far, we can afford to look at the data and the evolving outlook and make careful assessments,” Powell said, referring to the Fed’s 10 straight rate hikes.___Debt limit talks in standstill as Republicans, White House face ‘real differences’WASHINGTON (AP) — Debt limit talks came to an abrupt standstill after Republican House Speaker Kevin McCarthy said it’s time to “pause” negotiations. A White House official acknowledged there are “real differences” ...

How major US stock indexes fared Friday 5/19/2023

Published Wed, 26 Feb 2025 20:51:03 GMT

Wall Street drifted to a lower close but still marked its best week since March. The S&P 500 fell 0.1% Friday. The Dow lost 109 points, or 0.3%, and Nasdaq composite slipped 0.2%.Worries about talks in Washington to avert a debt default by the U.S. government helped cause stocks to slip. The S&P 500 broke out of a listless stretch where it failed to move by 1%, up or down, for six straight weeks. Traders took comments by Federal Reserve Chair Jerome Powell to mean the end to hikes to interest rates may arrive next month, as hoped.On Friday:The S&P 500 fell 6.07 points, or 0.1%, to 4,191.98.The Dow Jones Industrial Average fell 109.28 points, or 0.3%, to 33,426.63.The Nasdaq composite fell 30.94 points, or 0.2% to 12,657.90.The Russell 2000 index of smaller companies fell 11.14 points, or 0.6%, to 1,773.72.For the week:The S&P 500 is up 67.90 points, or 1.6%.The Dow is up 126.01 points, or 0.4%.The Nasdaq is up 373.15 points, or 3%.The Russell 2000 is up 32.87 points,...

Hanging Lake Trail set to get a makeover

Published Wed, 26 Feb 2025 20:51:03 GMT

DENVER (KDVR) -- One of Colorado's most well-known and popular trails is getting some upgrades to make it more sustainable after almost being completely destroyed by the Grizzly Creek Fire in 2020. The improvements to the 1.2 miles that make up the Hanging Lake Trail will begin this fall, according to the U.S. Forest Service. The project is being funded by Great Outdoors Colorado, Colorado Parks and Wildlife State Trails Program, the National Forest Foundation, the City of Glenwood Springs, and the USDA Forest Service. Map of Hanging Lake Trail planned improvements “This work would not be possible without the support of our partners,” White River NationalForest Supervisor Scott Fitzwilliams said. “These repairs and improvements will ensure that we continue to provide a world-class visitor experience at this iconic Colorado location for decades to come.”The Forest Service said six of the trail's seven bridges will be redone to better handle debris flow from flooding in the Grizzly...

Bird trapped in nest rescued by Boulder police and fire department

Published Wed, 26 Feb 2025 20:51:03 GMT

DENVER (KDVR) -- A finch bird was rescued after she was seen stuck, hanging from her nest above a business in Boulder on Friday morning.According to Boulder Police Department, Animal Protection Officer Carbone was the first to arrive on the scene but couldn't reach the bird, so she called the fire department for help. 2 rarest leopards in the world born at CMZoo Station 5 of the Boulder Fire Department arrived on the scene but needed a ladder truck, so Station 6 also responded. When the ladder truck arrived, BPD said they discovered that the bird's legs were tangled in pieces of tarp that she used to build her nest. They brought the whole nest down and Carbone held the finch while firefighters cut the pieces of the tarp in which she was stuck. Officer Carbone then transported the finch to Greenwood Wildlife Rehabilitation Center BPT tweeted "We’re hopeful the finch recovers, and glad we could work together to help her today."

Eastern Conference finals coaching matchup as intriguing as the action on court

Published Wed, 26 Feb 2025 20:51:03 GMT

BOSTON (AP) — The latest Eastern Conference finals pairing between the Heat and Celtics will be a matchup that ultimately turns on the play stars like Jimmy Butler and Jayson Tatum.But Miami’s 123-116 Game 1 victory also showed how the tactical battle between rookie coach Joe Mazzulla and veteran counterpart Erik Spoelstra will also play a big factor.The Celtics dominated the first two quarters on Wednesday night before being outscored 46-25 in the third period – the most points they’ve allowed in any playoff quarter over the past 25 years. It put Boston into 103-91 hole it never overcame.The game-changing onslaught also included 13-1 run by the Heat to help tie the game in which Mazzulla made the decision not to call a timeout, something that has become a recurring theme for him this season because of his preference to let the Celtics play through rough patches.“I don’t think it’s a challenge in the postseason, I think it’s human nature,” Mazzulla said Thursday when asked about his...

Panthers, Hurricanes face tight window to get ready for Game 2 after 4OT thriller

Published Wed, 26 Feb 2025 20:51:03 GMT

RALEIGH, N.C. (AP) — His Florida Panthers were not even a half-day removed from surviving a four-overtime thriller to open the Eastern Conference Final when Paul Maurice wrapped up his news conference with a question.“OK, everybody, I’ll see you eight hours from now,” the coach said Friday. “Is that the routine we’re on now?”It sure feels like it after the Panthers and Carolina Hurricanes played one of the longest games in NHL postseason history, one that left players’ legs wobbly and minds weary in a contest that seemed at times destined to keep going.And going.And going.Along the way, it was enough to have Maurice wonder aloud how long both teams could go without risking injuries, while leaving players from both rosters to scarf down snacks or chug fluids in hopes to hanging in there through 15-minute intermissions before each OT. Now the Panthers and Hurricanes have a compressed window to rest, recharge and — in Carolina’s case, particularly — regroup befo...

Fort Lauderdale man sky dives with ‘Open 4 work’ sign, lands new job

Published Wed, 26 Feb 2025 20:51:03 GMT

When people are looking for a job, they usually send out resumes. But a Fort Lauderdale man decided to take a sky-high approach to his job hunt and it got attention around the world.Seven’s Kevin Ozebek has more in today’s Seven Spotlight.It was the perfect day for a sky dive.What started as a way to let off steam after losing his job, turned into a creative moment that changed Chris Serrano’s life.Chris works in advertising and loves thinking outside the box.So instead of sending out resumes, he made an “Open 4 Work” sign and took the ultimate plunge.His free fall was just one of his great ideas. So was posting the video and his availability on Linkedin, the professional networking site.Chris Serrano: “I really didn’t know what to expect. I knew that people would be shocked by it, but I didn’t know people would be super shocked.”His idea took off and gained altitude in a way he never expected.Chris Serrano: “I woke up the ...

Crews put out RV fire in West Park

Published Wed, 26 Feb 2025 20:51:03 GMT

Fire crews encountered trailer trouble in West Park.Broward Sheriff Fire Rescue units responded to the scene of an RV fire at a home along Marion Road, at around 9 a.m., Friday.Crews arrived to find the RV, which was parked alongside the home, completely engulfed by flames.A small corner of the home’s roof sustained some fire damage, but the structure was otherwise spared damage.Video shared by BSFR showed crews putting out the flames.No one was injured

Massachusetts US Attorney Rachael Rollins formally resigns in wake of ethics probes

Published Wed, 26 Feb 2025 20:51:03 GMT

WASHINGTON (AP) — Massachusetts U.S. Attorney Rachael Rollins formally resigned Friday after wide-ranging investigations by two federal watchdog agencies found she sought to use her position to influence a local election and lied to investigators.In a letter to President Joe Biden obtained by The Associated Press, Rollins thanked the White House for supporting her during her contentious nomination process and said she wishes the administration “the best of luck in the months and years ahead.”Her resignation comes two days after the release of scathing reports from the Justice Department’s inspector general and another watchdog outlined a litany of alleged misconduct by the top federal law enforcement officer in Massachusetts.The Associated Press first reported on Tuesday that Rollins would be stepping down from the prestigious federal post that has occasionally served as a springboard to higher office. Her lawyer, Michael Bromwich, a former Justice Departme...

Saturday rain, some Sunday sun

Published Wed, 26 Feb 2025 20:51:03 GMT

7Weather- Our dry and mild stretch will come to an end this weekend. Good news for your flowers, not so good news if you have outdoor plans. You have to turn the calendar back to April 30th, for when Boston last received a 1/4″ of rain. Most of our region is in a rainfall deficit of about one inch to 1.5.” We’re watching a line of showers with a cold front through the Great Lakes/Canada and an area of moisture off the North Carolina coast for our weekend rain. Most of us see rain by Saturday afternoon and it’s gone by Sunday morning. Here’s the timing:More clouds gather overnight and into Saturday morning. We’ll wake up to overcast conditions with spot showers. By noon, a few showers will be around the South Coast, Buzzard’s Bay, Cape and the Islands. Scattered showers lift farther north into the afternoon. Temperatures stay in the 60s. There will be steadier, heavier rain Saturday night, downpours at times. That will continue overnight. Mos...