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Stock market today: Global markets mixed after Chinese promise to support economy

Published Wed, 26 Feb 2025 16:53:30 GMT

BEIJING (AP) — Global stock markets and Wall Street futures were mixed Tuesday after China’s ruling Communist Party promised to shore up its sagging economy ahead of a Federal Reserve meeting traders hope will announce this interest rate cycle’s final increase.London and Shanghai advanced while Tokyo and Paris retreated. Oil prices edged lower.Chinese leaders have promised measures to boost sluggish economic growth by supporting real estate sales and other struggling sectors but gave no details and didn’t mention possible stimulus spending.Any stimulus is “unlikely to be significant” while Beijing takes a “gradual and targeted approach,” Andrew McCaffery of Fidelity International said in a report.In early trading, the FTSE 100 in London rose 0.1% to 7,686.57. The CAC 40 in Paris lost less than 0.1% to 7,424.47 and the DAX in Frankfurt shed less than 0.1% to 16,186.36.On Wall Street, the future for the benchmark S&P 500 was 0.15% higher ahead of Wednesday’...

Australians confident in squad depth despite Sam Kerr’s injury at Women’s World Cup

Published Wed, 26 Feb 2025 16:53:30 GMT

Brisbane, Australia (AP) — Having the Women’s World Cup on home soil has given Australia’s team the confidence it can contend for the title even without star striker Sam Kerr on the field.The Chelsea forward and Australian captain missed the Matildas’ opening game last week because of a calf muscle injury that will also keep her sidelined for Thursday’s Group B game against Nigeria. And perhaps longer than that.The Matildas are pitching it as a chance to show the depth of their squad.“I think we could play any one of us right now in the starting 11 and it would be the same as what we do on the training pitch,” midfielder Tameka Yallop said from Australia’s team camp in Brisbane. “So I think everyone has that ability and capability to step up and be a star at any point.”Steph Catley, wearing the captain’s armband in place of Kerr, converted a penalty kick for co-host Australia’s 1-0 opening win over Ireland. Despite the win, the Matildas’ offense struggl...

Grupo Aeroportuario del Pacifico: Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 16:53:30 GMT

GUADALAJARA JALISCO, Mexico (AP) — GUADALAJARA JALISCO, Mexico (AP) — Grupo Aeroportuario del Pacifico SAB de CV (PAC) on Monday reported net income of $145.1 million in its second quarter.The Guadalajara Jalisco, Mexico-based company said it had net income of $2.87 per share.The airport facilities manager posted revenue of $487.6 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAC at https://www.zacks.com/ap/PACSource

Controladora Vuela: Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 16:53:30 GMT

SANTA FE, Mexico (AP) — SANTA FE, Mexico (AP) — Controladora Vuela Compania de Aviacion SAB. de CV (VLRS) on Monday reported net income of $6 million in its second quarter.The Santa Fe, Mexico-based company said it had profit of 5 cents per share.The operator of low-cost airline Volaris posted revenue of $782 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VLRS at https://www.zacks.com/ap/VLRSSource

Logitech: Fiscal Q1 Earnings Snapshot

Published Wed, 26 Feb 2025 16:53:30 GMT

LAUSANNE, Switzerland (AP) — LAUSANNE, Switzerland (AP) — Logitech International SA (LOGI) on Monday reported fiscal first-quarter net income of $62.7 million.On a per-share basis, the Lausanne, Switzerland-based company said it had profit of 39 cents. Earnings, adjusted for one-time gains and costs, were 65 cents per share.The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.The maker of keyboards, webcams and other computer accessories posted revenue of $974.5 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $916.7 million.Logitech expects full-year revenue in the range of $3.8 billion to $4 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOGI at https://www.zacks.com/ap/LOGISource

Semi-truck overturned on I-95 NB ramp to Turnpike causes closure

Published Wed, 26 Feb 2025 16:53:30 GMT

A semi-truck has overturned on the Interstate 95 northbound ramp that leads to the Florida Turnpike. As a result, police have closed off the ramp as they clear the scene. The incident unfolded at approximately 4 a.m. Tuesday, which has caused delays for morning commuters. According to authorities, the overturned semi-truck obstructed both the northbound lanes of I-95 and the entrance ramp to the Turnpike. As a result, officials closed the ramp leading onto the busy expressway. Commuters and motorists are advised to seek alternative routes to avoid further delays.Please check back on WSVN.com and 7News for more details on this developing story.

FedEx pilots reject 30% pay hike proposal, but a strike isn’t imminent

Published Wed, 26 Feb 2025 16:53:30 GMT

New York (CNN) — Pilots for FedEx have rejected a tentative labor deal. But that doesn’t mean they’re about to walk off the job just as UPS is threatened with its own strike by 340,000 drivers and other hourly ground workers.The FedEx pilots who belong to the Air Line Pilots Association voted 57% against the proposed contract, which was reached in May and endorsed by union leadership. The proposed contract would have provided for a 30% pay increase, as well as a 30% improvement in pension benefit. Major objections from the rank-and-file are not yet clear.But even with the “no” vote, the 5,200 FedEx pilots won’t be able to go on strike any time soon. They work under a different labor law than most private sector employees, who are allowed to go on strike when their contracts expire, as is the case with the Teamsters at UPS, who could be on strike as soon as August 1.FedEx pilots are covered by the Railway Labor Act, which despite the name, covers both rail workers and airline employe...

Pedestrian rushed to hospital after crash in NW Miami-Dade

Published Wed, 26 Feb 2025 16:53:30 GMT

A pedestrian was rushed to the hospital following a crash in Northwest Miami-Dade. On Monday, the incident occurred at approximately 9:30 p.m. at Northwest 27th Avenue and 88th Street.Miami-Dade Police officers and Miami-Dade Fire Rescue units were immediately dispatched to the scene. Crime scene tape cordoned off the area as police officers and first responders surrounded the site of the collision. A vehicle was also observed to be involved in the incident.Details regarding the cause of the crash and the extent of the pedestrian’s injuries have not been released yet. Authorities are currently working to learn more about the victim’s condition.

Russia places explosive mines near occupied nuclear reactor, watchdog says

Published Wed, 26 Feb 2025 16:53:30 GMT

KYIV — Russian forces occupying Ukraine’s Zaporizhzhia Nuclear Power Plant have placed explosive mines near the facility, warned the chief of the U.N.’s International Atomic Energy Agency (IAEA).The mines were located in a buffer zone between the plant’s internal and external barriers and were facing away from the facility; they were spotted during a Sunday walk-around by IAEA inspectors.“Having such explosives on the site is inconsistent with the IAEA safety standards and nuclear security guidance and creates additional psychological pressure on plant staff,” the agency’s Director General Rafael Mariano Grossi said in a statement issued Monday.This is the second month in a row that the U.N. atomic watchdog has reported the presence of explosives both outside and inside the perimeter of the nuclear plant, which Russian security personnel on site explained were for defensive purposes.Grossi’s warning comes as authorities in Kyiv are also rais...

UK plan to slash carbon emissions risks public ‘backlash,’ senior minister warns

Published Wed, 26 Feb 2025 16:53:30 GMT

LONDON — U.K. plans to tackle climate change risk a “backlash” if they hit voters in the pocket, a senior government minister warned Tuesday, amid intense debate in British politics about environmental policy. Both the ruling Conservatives and opposition Labour Party have vowed to learn lessons from a London by-election widely seen as a de facto referendum on a green tax aimed at cleaning up the capital city’s air.Pushed on that result, Leveling Up Secretary Michael Gove told Times Radio Tuesday: “It’s important that the government does press ahead with appropriate and thoughtful steps in order to safeguard the environment — but there are some specific areas where the cost that is being imposed on individuals risks creating a backlash.”The U.K. government has in recent days hinted it may back away from some of its key climate policies — amid pressure from MPs on the right of the Conservative party. In a series of interviews with broadcasters Monda...