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Business Highlights: Fed likely to hold rates steady; CNN ousts Licht after tumultuous tenure

Published Wed, 26 Feb 2025 18:37:37 GMT

___Is it a ‘skip’ or a ‘pause’? Federal Reserve won’t likely raise rates next week but maybe next monthWASHINGTON (AP) — Don’t call it a “pause.” When the Federal Reserve meets next week, it is widely expected to leave interest rates alone — after 10 straight meetings in which it has jacked up its key rate to fight inflation. But what might otherwise be seen as a “pause” will likely be characterized instead as a “skip.” The difference? A “pause” might suggest that the Fed may not raise its benchmark rate again. A “skip” implies that it probably will — just not now. The purpose of suspending its rate hikes is to give the Fed’s policymakers time to look around and assess how much higher borrowing rates are slowing inflation.___CNN ousts CEO Chris Licht after a brief, tumultuous tenureNEW YORK (AP) — Chris Licht was ousted as chief executive at CNN, following a series of missteps and plunging ratings. David Zaslav, the CEO of CNN parent company Warner Bros. Discovery, announced the lea...

A’s win consecutive games, Noda homers, Harris gets 1st win, 9-5 over Pirates

Published Wed, 26 Feb 2025 18:37:37 GMT

PITTSBURGH (AP) — The Oakland Athletics began a three-game series in Pittsburgh by essentially doing whatever they could to give away what became a 15th straight road loss.The fundamentals manager Mark Kotsay keeps telling his players they need to be great at were lacking. Yet, rather than have one missed opportunity bleed into another, the A’s responded by doing something that’s been almost historically rare during the first two months of the season.They won. Twice.Ryan Noda homered and reached base four times and Hogan Harris took advantage of a massive first inning by his teammates oN Wednesday to earn his first major league victory, 9-5 over Pittsburgh.Less than 18 hours after winning on the road for the first time in a month, Oakland jumped on Roansy Contreras (3-5) early to capture a series for just the third time in 2023.“Monday night was not great by any measure,” Kotsay said. “And for them to understand that, to realize and recognize it and come out and be bette...

Messi heads to Miami as latest big name to raise soccer’s profile in US

Published Wed, 26 Feb 2025 18:37:37 GMT

Lionel Messi is set to become part of the next chapter of men’s soccer in North America.With a World Cup on the horizon in 2026, Messi’s announcement Wednesday that he will join Major League Soccer’s Inter Miami is another landmark moment for the league and the sport in the United States.But he’s only the latest big-name international player to bring his talents to the U.S. Here’s a look at others who have come before him:PELE Edson Arantes do Nascimento was already a three-time World Cup champion and undoubtedly the best player in the world when he left Brazil in 1975 for the chance to be the face of soccer in North America.The standard-bearer of “the beautiful game” joined the New York Cosmos of the NASL. He was 34 at the time and perhaps no longer “The King.” But he was still a commanding presence on the field and his name brought a buzz the sport lacked in North America.Pelé scored 64 goals in three season for the Cosmos, leading them to the 1977 le...

Actor Jay Johnston, known for ‘Bob’s Burgers’ character, arrested on Capitol riot charges

Published Wed, 26 Feb 2025 18:37:37 GMT

An actor known for his roles on the comedy television shows “Bob’s Burgers” and “Mr. Show with Bob and David” was arrested Wednesday on charges that he joined a mob of Donald Trump supporters in confronting police officers during the U.S. Capitol riot, court records show.Jay Johnston, 54, of Los Angeles, was arrested there on charges including civil disorder, a felony. He is expected to make his initial court appearance in California on Wednesday. An attorney for Johnston didn’t immediately respond to a telephone call and text message seeking comment.Video footage captured Johnston pushing against police and helping rioters who attacked officers guarding an entrance to the Capitol in a tunnel on the Lower West Terrace, according to an FBI agent’s affidavit. Johnston held a stolen police shield over his head and passed it to other rioters during the attack on Jan. 6, 2021, the affidavit says. Johnston “was close to the entrance to the tunnel, turned back and signale...

Rory McIlroy, a strong anti-Saudi voice, now feels like ‘sacrificial lamb’ amid LIV Golf deal

Published Wed, 26 Feb 2025 18:37:37 GMT

Rory McIlroy, the strongest voice against Saudi-funded LIV Golf that caused so much disruption in golf, said Wednesday he now feels like a “sacrificial lamb” with the stunning reversal of the PGA Tour becoming partners with Saudi Arabia’s enormous wealth fund.It was McIlroy who helped lead a players-only meeting last August that reshaped the PGA Tour to fend off the challenge of LIV Golf. He has been the loudest critic, a member of the tour’s policy board. And he was among the last to hear the news shortly before it broke.“It’s hard for me to not sit up here and feel somewhat like a sacrificial lamb, and feeling like I’ve put myself out there and this is what happens,” McIlroy said at the RBC Canadian Open, where he is the two-time defending champion.“Again, removing myself from the situation, I see how this is better for the game of golf. There’s no denying that,” he said, “But for me as an individual, yeah, there’s just going to have to be...

Virginia regulators advance Youngkin plan to leave climate initiative he calls ineffective

Published Wed, 26 Feb 2025 18:37:37 GMT

FILE - Virginia Gov. Glenn Youngkin speaks to reporters inside the rotunda of the state Capitol building, Feb. 25, 2023, in Richmond, Va. Virginia regulators are expected to take a final vote Wednesday, June 7, 2023, on whether to advance Youngkin's plan to withdraw from a multistate carbon cap-and-trade program. (AP Photo/John C. Clark, File)(AP/John C. Clark) FILE - Virginia Gov. Glenn Youngkin speaks to reporters inside the rotunda of the state Capitol building, Feb. 25, 2023, in Richmond, Va. Virginia regulators are expected to take a final vote Wednesday, June 7, 2023, on whether to advance Youngkin's plan to withdraw from a multistate carbon cap-and-trade program. (AP Photo/John C. Clark, File)(AP/John C. Clark) ...

Secretariat’s record-setting Belmont Stakes win to claim the Triple Crown still stands 50 years on

Published Wed, 26 Feb 2025 18:37:37 GMT

Secretariat winning the 1973 Belmont Stakes remains arguably the most impressive performance in the history of horse racing a half-century later.His victory came by a record 31 lengths over the second-place finisher and in a record time of 2 minutes, 24 seconds to complete the 1 1/2-mile race and claim the Triple Crown.“He was the type of horse that you’ll never see again,” jockey Ron Turcotte said Wednesday, nearly 50 years to the day since riding Secretariat in the Belmont. “He was doing something that you’ve never seen before and will probably never see again.”Secretariat’s run in the Belmont is so legendary the racetrack has a pole inside the rail — in his signature blue-and-white checkered silks — marking where the next-closest horse was when he crossed the finish line.THE LEAD-UPThe Triple Crown has been won only 13 times in all, with the first coming in 1919, and its history is marked by long droughts — decades in some cases. By the time the 1973 season arri...

Suicidal man shot, killed by deputies in Conifer

Published Wed, 26 Feb 2025 18:37:37 GMT

DENVER (KDVR) -- Police shot and killed a person in Jefferson County Wednesday afternoon and an investigation is now underway into the use of force.According to the Jefferson County Sheriff's Office, the shooting happened near Callae Drive and Piano Meadows Drive in Conifer. Roads were closed nearby but there was no threat to the public as of 1:44 p.m. Wednesday.A spokesperson for the sheriff's office said deputies were initially called for a report of a man who was threatening suicide. When they arrived around 10 a.m., deputies heard a shot and began searching for the person who had fired.Police were on the scene investigating a police shooting in Jefferson County on Wednesday afternoon. (KDVR)Police were on the scene investigating a police shooting in Jefferson County on Wednesday afternoon. (KDVR)Police were on the scene investigating a police shooting in Jefferson County on Wednesday afternoon. (KDVR)During the search, deputies found a man threatening suicide with a shotgun, acc...

Attorney: Bodycam shows teen surrender before police shot him

Published Wed, 26 Feb 2025 18:37:37 GMT

AURORA, Colo. (KDVR) -- An attorney representing the family of a 14-year-old who was killed by police in Aurora is asking questions about the level of response used by officers.FOX31's Vicente Arenas spoke with attorney Siddhartha Rathod who said Jor’Dell Richardson's family will be at a news conference Friday after Aurora Police release the video of the shooting involving the 14-year-old. Body camera video shown to family of 14-year-old killed by police Richardson was shot and killed by police who were responding to an armed robbery at a vape shop last week.Rathod said that Richardson's parents did not see the video but he and some extended family members did view it along with a pastor and a NAACP representative on Tuesday.Rathod told FOX31, the teen was surrendering.“He was verbally surrendering immediately prior to being shot," he said. “The (police bodycam) video raises more questions than it answers."In addition to the body camera video, Rathod said the family is trying to s...

Bill to cap pet deposits, fees in Colorado signed into law

Published Wed, 26 Feb 2025 18:37:37 GMT

DENVER (KDVR) -- Renting for pet owners in Colorado might become cheaper starting next year after a bill capping pet deposits and fees was signed into law.Gov. Jared Polis signed House Bill 23-1068 into law Wednesday afternoon. The bill was passed by both chambers in April.The new law will go into effect on Jan. 1, 2024.What does the new law do?The bill, as passed and signed into law, limits pet security deposits to $300. These deposits must be refundable, as well.It also limits any pet fee to $35 or 1.5% of the rent, whichever is higher. This fee is not refundable and is added to the monthly rent. Polis vetoes deceptive event ticket sales bill Additionally, insurance companies will no longer be allowed to refuse to issue or renew a homeowner's insurance policy or raise premiums because of the breed of dog someone has.If a dog is known to be dangerous or has been declared dangerous, however, companies can still do those things.What does it not do?The bill that was originally intro...