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How major US stock indexes fared Friday, 8/25/2023

Published Wed, 26 Feb 2025 18:34:17 GMT

Wall Street closed higher, breaking a 3-week losing streak, after the head of the Federal Reserve said it will “proceed carefully” as it decides what to do with interest rates. The S&P 500 rose 0.7% Friday after flipping between small gains and losses a few times. The Dow added 247 points, and the Nasdaq composite rose 0.9%. In a highly anticipated speech, Fed Chair Jerome Powell said again that it will make upcoming decisions on interest rates based on what incoming data reports say about inflation and the economy. On Friday:The S&P 500 rose 29.40 points, or 0.7%, to 4,405.71.The Dow Jones Industrial Average rose 247.68 points, or 0.7%, to 34,346.90.The Nasdaq composite rose 126.67 points, or 0.9%, to 13,590.65.The Russell 2000 index of smaller companies rose 7.35 points, or 0.4%, to 1,853.63.For the week:The S&P 500 is up 36 points, or 0.8%.The Dow is down 153.76 points, or 0.4%.The Nasdaq is up 299.87 points, or 2.3%.The Russell 2000 is down 5.79 points, or 0.3%.For t...

Lyles makes it 2 for 2, and Jamaica’s Jackson runs second-fastest time ever in 200

Published Wed, 26 Feb 2025 18:34:17 GMT

Noah Lyles, of the United States, smiles after the finish in the Men's 200-meters semifinal during the World Athletics Championships in Budapest, Hungary, Thursday, Aug. 24, 2023. (AP Photo/Martin Meissner)(AP/Martin Meissner) Noah Lyles, of the United States, smiles after the finish in the Men's 200-meters semifinal during the World Athletics Championships in Budapest, Hungary, Thursday, Aug. 24, 2023. (AP Photo/Martin Meissner)(AP/Martin Meissner) BUDAPEST, Hungary (AP) — Noah Lyles won the 200-meter world title Friday in 19.52 seconds, becoming the first man to complete the 100-200 sprint double at worlds since Usain Bolt did it for the third and final time back in 2015.It was Lyles’ third straight world champi...

Hickenlooper joins SAG-AFTRA workers for Denver rally

Published Wed, 26 Feb 2025 18:34:17 GMT

DENVER (KDVR) - Actors and writers are still on strike as negotiations between the workers and production studios continue, but the fight goes far beyond Hollywood.Entertainers and community members alike are asking for better wages and protections in the film and entertainment industry. Denver Broncos unveil $100M in stadium upgrades, new food Like workers in so many industries, the Screen Actors Guild and American Federation of Television and Radio Artists members from the entertainment industry are rallying, urging studios to pay workers their fair share."It's just corporate versus the little man. It doesn't matter where you are at, if you're a mailman, whatever labor union you are in, we are fighting for everybody in this point in time," Sonny G., president of SAG-AFTRA Colorado Local, said. "And it's been coined with the phrase as 'the summer of strikes' among labor unions, and we are one among the AFL-CIO, and we are just so happy that we have a good turnout from everybody a...

Marlins wrap up back-to-school supply distributions at Kensington Park Elementary in Miami

Published Wed, 26 Feb 2025 18:34:17 GMT

Star players from the Miami Marlins stars paid a special visit to some future All-Stars.The team on Friday wrapped up their back-to-school supply distributions at Kensington Park Elementary.The Marlins partnered with PNC Bank and the Kiwanis of Little Havana to provide more than 10,000 elementary school students in Miami-Dade and Palm Beach counties with much-needed resources.“When I was growing up, I remember this time of the year and being excited to go back to school with all my friends,” said Marlins player Jake Burger, “so it’s just awesome, you know, helping as many kids as we’re helping.”“At a school, we can’t do it all ourselves, so when we have community members that are willing to partner alongside us, it benefits the community, it benefits the program, and it benefits the students and families, so we’re very grateful,” said Michelle Hernandez, the school’s principal.The Marlins have hosted a total of eight ...

Newly released photos raise concerns in fatal 2022 Labor Day weekend boat crash involving alleged alcohol presence

Published Wed, 26 Feb 2025 18:34:17 GMT

Nearly three weeks after George Pino, the driver of a 29-foot Robalo vessel, was charged with misdemeanors related to a 2022 Labor Day weekend boat crash, newly released photos have brought unsettling revelations for the families impacted by the tragedy.The Miami Herald obtained images from the Florida Fish and Wildlife Conservation Commission revealing more than 60 cans and bottles of alcoholic beverages, including Bud Lights, Truly Hard Seltzers and Coronas, found aboard the vessel. Additionally, an empty Champagne bottle and a partly consumed liquor bottle were also discovered. The incident took place during the 2022 Labor Day weekend when the boat collided with a channel marker in Biscayne Bay near the Upper Keys, resulting in the ejection of 12 passengers, including Pino and his wife.Tragically, the crash claimed the life of 17-year-old Lucy Fernandez and left 18-year-old Katy Puig permanently disabled. Both young women were seniors at Lourdes Academy in Southwest Miami-Dade.Co...

Boston man sentenced for opening bank accounts used by online romance scammers

Published Wed, 26 Feb 2025 18:34:17 GMT

BOSTON (AP) — A Boston man who opened multiple bank accounts that were used by others to deposit money embezzled from victims of online romance scams, including one woman who was cheated out of $720,000, was sentenced Thursday to six months in prison.Mike Oziegbe Amiegbe, 45, was also sentenced to three months of home confinement, three years of probation and was ordered to pay nearly $830,000 in forfeiture and restitution to victims, according to federal prosecutors.Amiegbe from 2017 through 2020 used at least nine aliases and fake passports to open accounts at multiple banks in the Boston area, according to court documents. Those accounts were used by the scammers to deposit the victims’ money.Amiegbe then quickly accessed those accounts and either withdrew the fraud proceeds in cash from ATMs or with a cashier’s check, prosecutors said. The money was sent to others overseas. On some occasions he was seen on bank surveillance video conducting those transactions, according to...

Ticker: Auto workers vote overwhelmingly to let union leaders call strikes against Detroit companies; Hawaiian Electric shares plunge after utility is sued over devastating Maui fires

Published Wed, 26 Feb 2025 18:34:17 GMT

LOUISVILLE, Ky. — Auto workers have voted overwhelmingly to give union leaders the authority to call strikes against Detroit car companies if a contract agreement isn’t reached.The United Auto Workers union said Friday that 97% have voted in favor of authorizing one or more strikes against Stellantis, General Motors and Ford. Such votes are almost always approved by large margins.Contracts between the union representing about 146,000 workers at Stellantis, General Motors and Ford expire at 11:59 p.m. on Sept. 14. Fain said earlier this week that negotiations with the companies are not progressing fast enough. But he also said a strike is not inevitable.Hawaiian Electric shares plunge after utility is sued over devastating Maui firesShares of Hawaiian Electric Co.’s parent fell more than 18% by market close Friday, one day after the utility was sued by Maui County over the fires that devastated Lahaina earlier this month.Maui County accused Hawaiian Electric of negligentl...

Spain soccer head won’t resign for kissing player at World Cup. Team won’t play until he goes

Published Wed, 26 Feb 2025 18:34:17 GMT

By JOSEPH WILSON (Associated Press)BARCELONA, Spain (AP) — Less than a week after winning the Women’s World Cup, Spain’s national team players announced Friday that they will not play any more games unless the president of the country’s soccer federation steps down for kissing player Jenni Hermoso on the lips after their victory.Luis Rubiales, who was also chastised for grabbing his crotch after Spain’s 1-0 victory over England on Sunday, remained defiant despite immense pressure to resign. The kiss marred the title celebrations in Sydney, Australia, on Sunday, and criticism has steadily mounted. Hermoso issued a statement Friday strongly rebuking Rubiales’ characterization of the kiss as consensual, while the 46-year-old federation president cast himself as the victim at an emergency meeting of the federation in Madrid.“I won’t resign,” he declared four times in quick succession, to applause from the overwhelmingly male audience...

Home Showcase: Wellesley estate soars

Published Wed, 26 Feb 2025 18:34:17 GMT

Whether the Celtics’ off-season moves pan out this year, only time will tell — stay tuned to Herald Sports for that. But you can get your head in the game early with 192 Pond Road in Wellesley and its pristine half court.On top of a host of upscale amenities and meticulous craftsmanship, the estate-sized property boasts its very own court on the lower level, perfect for settling family disputes with a game of HORSE and letting off steam on blustery days.The extraordinary residence, built in 2022, is located in Wellesley’s coveted Hunnewell Estates. Spread across nearly an acre, this opulent home boasts over 9,200 square feet across four levels.Step into a grand three-story foyer with white oak herringbone floors and high ceilings. A gourmet kitchen with an oversized island seamlessly flows into a sprawling great room with a fireplace and expansive windows, offering an ideal space for gathering. It’s not just pristine good looks from elaborate moulding and herringbone hardwood ...

Release of 388 names helps winnow list of those unaccounted for after devastating Maui fires

Published Wed, 26 Feb 2025 18:34:17 GMT

By REBECCA BOONE, GENE JOHNSON and JENNIFER SINCO KELLEHERHONOLULU (AP) — Within hours of Maui County releasing 388 names of people unaccounted for following the deadliest U.S. wildfire in more than a century, some cases were already being resolved Friday as relatives or the people themselves reported they were safe.One person on the list told The Associated Press he hopes to be taken off it. At least two others were among the victims of the fire — people who are known to have perished but have not yet been positively identified as deceased in the official tally, which currently stands at 115.Terrí Thomas was killed when fire overtook her car as she fled from her apartment with her two dogs and two friends, said her cousin, Tammy Cruz, of Columbus, Georgia. The car became stuck in traffic and only one of the friends escaped. He later told Cruz that Thomas was crying hysterically when he last saw her, the car growing hotter by the second.Thomas’ niece provided ...