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Stock market today: Wall Street opens higher following more signs of easing pressure on inflation

Published Wed, 26 Feb 2025 21:41:36 GMT

Wall Street is opening higher following the latest signals that pressure on inflation may be easing. The S&P 500 was up 0.5% early Wednesday and is near its highest level in 20 months. The Dow rose 89 points, and the Nasdaq was up 0.6%. Campbell Soup and Toll Brothers jumped after reporting stronger profit for the latest quarter than expected. Treasury yields relaxed a bit more after reports suggested a cooldown in hiring and a pickup in business productivity. Those amped up hopes that the Federal Reserve is done raising interest rates in order to fight inflation. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Wall Street move higher Wednesday before the opening bell with more jobs data on the way that could provide further evidence that the labor market has cooled enough to bring an end to the rate hikes orchestrated by the Federal Reserve in its fight against inflation.Futures for the S&P 500 rose 0.4% before markets opened, while futures for the Dow Jone...

Russian President Vladimir Putin visits UAE, Saudi Arabia seeking to boost Moscow’s Mideast clout

Published Wed, 26 Feb 2025 21:41:36 GMT

DUBAI, United Arab Emirates (AP) — Russian President Vladimir Putin visited the United Arab Emirates on Wednesday before departing for Saudi Arabia in an one-day lightning tour intended to raise Moscow’s profile as a Middle East power broker even as his war Ukraine grinds on.Putin landed in Abu Dhabi, the capital of the Emirates, that is hosting the United Nations’ COP28 climate talks. It was his first trip to the region since before the coronavirus pandemic and the 2022 invasion of Ukraine.Speaking at the start of his talks with UAE President Mohammed bin Zayed Al Nahyan, Putin offered to discuss energy cooperation, the conflict in the Middle East and the “Ukrainian crisis.” He praised the current state of Russia’s relations with the UAE and congratulated the country for hosting the COP28 climate talks.Putin, who has limited his foreign travel since sending troops into invade Ukraine, visited China in October and made several trips to former Soviet nations in rece...

New signs emerge of ‘widespread’ sexual crimes by Hamas, as Netanyahu alleges global indifference

Published Wed, 26 Feb 2025 21:41:36 GMT

JERUSALEM (AP) — A man hiding in a pit during the Oct. 7 Hamas assault on an outdoor music festival in Israel said he heard someone nearby screaming she was being raped. Elsewhere in the area, a combat paramedic saw the body of a young woman with her legs open, her pants pulled down, and what looked like semen on her lower back. An army reservist who was tasked with identifying those killed by the militants said some of the women were found wearing only bloodied underwear.Such accounts given to The Associated Press, along with first assessments by an Israeli rights group, show that sexual assault was part of an atrocities-filled rampage by Hamas and other Gaza militants who killed about 1,200 people, most of them civilians, and took more than 240 hostages that day.While investigators are still trying to determine the scope of the sexual assaults, Israel’s government is accusing the international community, particularly the United Nations, of ignoring the pain of Israeli victims.“I s...

Watch: Procession, funeral for fallen Cortez Sgt. Michael Moran

Published Wed, 26 Feb 2025 21:41:36 GMT

DENVER (KDVR) — Wednesday, Sgt. Michael Moran of the Cortez Police Department will be laid to rest. Moran served as a Marine for nine years before he joined the Cortez Police Department in 2012. He became a K-9 handler in 2016 and was most proud of his canine partner Otto, who retired in 2020 and died in October.He was shot and killed in the line of duty following a traffic stop in Cortez on Nov. 29. Polis orders flags to be lowered on Wednesday He leaves behind two daughters, friends and family.Gov. Jared Polis ordered all flags to be at half-staff on Wednesday from sunrise to sunset to honor the fallen sergeant on the day of his service. Funeral and procession plansAccording to the Cortez Police Department, a procession will begin at 8:20 a.m. and will travel east down Main Street, which will be closed.Those attending the procession are asked to stay on the sidewalk along Main Street between Chestnut Street and Harrison Street while law enforcement officers escort Moran's casket...

Time magazine names 'Person of the Year': Are you surprised?

Published Wed, 26 Feb 2025 21:41:36 GMT

(WJW) -- Time magazine has named Taylor Swift its "Person of the Year."Every year, Time chooses an individual, group or concept that has had a strong influence on the world — for good or bad — to receive the distinction. This year, it's Swift's turn."It’s hard to see history when you’re in the middle of it, harder still to distinguish Swift’s impact on the culture from her celebrity, which emits so much light it can be blinding," Time magazine's Sam Lansky wrote of Swift's influence in the article. "If you’re skeptical, consider it: How many conversations did you have about Taylor Swift this year? How many times did you see a photo of her while scrolling on your phone? Were you one of the people who made a pilgrimage to a city where she played?" Norman Lear, ‘All in the Family’ producer, dies at 101 Lansky further pointed to a number of Swift's notable 2023 moments, including her much-publicized relationship with Travis Kelce of the Kansas City Chiefs, her two chart-topping a...

Mother turns self in after being charged in accidental shooting death of 4-year-old in NW Miami-Dade

Published Wed, 26 Feb 2025 21:41:36 GMT

A mother turned herself in Tuesday night after being charged in the accident shooting death of her 4-year-old daughter.Krystal Banegas was charged with manslaughter, along with her boyfriend, 25-year-old Quavanta Ennels.The incident occurred on Nov. 5 in the 8100 block of Northwest 21st Avenue, where police said, Jocelyn Taylor Rolle was accidently shot in the head by her 3-year-old brother when he found a gun in their Northwest Miami-Dade home. She and her younger brother were both left alone in a room with no supervision.Ennels, a convicted felon, appeared in court Tuesday where a judge set his bond to $815,000.

3-year-old dies after running into traffic in Melbourne; mom struck while chasing after child

Published Wed, 26 Feb 2025 21:41:36 GMT

MELBOURNE, Florida (WESH) — A child was killed Sunday evening after being struck by a car in Melbourne.According to Melbourne police, officers were called to Dairy Road and Hall Street just after 8 p.m.Investigators say a 3-year-old and two adults were exiting a vehicle parked southbound on Dairy Road to return home.The vehicle had a trailer attached, and the toddler ran behind the trailer and into the northbound lanes of Dairy Road.As the 31-year-old mother ran after the child, both were struck by a Honda Pilot traveling northbound.Police say the child died at Holmes Regional Medical Center and the mother was seriously hurt.Officials say it appears alcohol and/or drugs were not a factor in this crash.

FAA announces new pilot mental health committee ahead of NTSB summit

Published Wed, 26 Feb 2025 21:41:36 GMT

(CNN) — The Federal Aviation Administration announced a special committee Tuesday that could suggest changes to pilot mental health rules.The announcement comes one day before the first National Transportation Safety Board summit on the stigma – where pilots with easily treatable mental health issues go without any help at all – that has dogged the FAA.The FAA says the new Mental Health Aviation Rulemaking Committee will “provide recommendations to the FAA on ways to identify and break down any remaining barriers that discourage pilots from reporting and seeking care for mental health issues.”Wednesday’s NTSB roundtable will bring together experts from the fields of aviation and medicine. NTSB Chair Jennifer Homendy announced the summit first to CNN, calling the FAA’s system of certifying pilots “arcane.”Homendy told CNN in October the FAA has “set up a situation where people are ashamed — or silenced — into not seeking help.”The issue of pilot mental health was ...

Suspect in custody after 6 killed and 3 injured in a series of homicides and shootings in Central Texas

Published Wed, 26 Feb 2025 21:41:36 GMT

(CNN) — A suspect is in custody after a string of homicides and shootings across two Central Texas communities left six people dead and three people injured, including two police officers, authorities said during news conferences in Austin and the San Antonio area.The male suspect has been charged with capital murder and additional charges are pending, Austin Interim Police Chief Robin Henderson said at a news conference. Police haven’t named the suspect.The man allegedly killed two people in the San Antonio area in a Bexar County home, officials there said. The timing wasn’t clear.Tuesday morning, he then allegedly shot and injured an Austin Independent School District officer before killing a man and woman miles away, investigators said. He then allegedly shot and injured a man on a bicycle before shooting and injuring an Austin police officer who was responding to a burglary call at a home where two people were later found dead, according to Austin Police.Time...

Norman Lear, iconic TV sitcom and movie producer, dies at 101

Published Wed, 26 Feb 2025 21:41:36 GMT

(CNN) — Famed television producer Norman Lear, whose wildly successful TV sitcoms including “All in the Family” and “The Jeffersons” fused comedy with trenchant social commentary and dominated network ratings in the 1970s, died Tuesday at his home in Los Angeles, his family announced on his website. He was 101.“Norman lived a life of curiosity, tenacity, and empathy. He deeply loved our country and spent a lifetime helping to preserve its founding ideals of justice and equality for all,” his family said. “He began his career in the earliest days of live television and discovered a passion for writing about the real lives of Americans, not a glossy ideal. At first, his ideas were met with closed doors and misunderstanding. However, he stuck to his conviction that the ‘foolishness of the human condition’ made great television, and eventually he was heard.”Beginning with “All in the Family” in 1971, Lear’s shows tackled fraught topics of racism, feminism and social inequalities th...