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Stock market today: Wall St. futures follow global markets lower after more weak data from China

Published Wed, 26 Feb 2025 18:17:05 GMT

Wall Street is sliding before Tuesday’s opening bell following yet more troublesome economic signals from China.Futures for the benchmark S&P 500 index and for the Dow Jones Industrial Average were each down 0.6% before the bell Tuesday.China’s economic slump deepened in July and its central bank cut a key interest rate to shore up growth. Consumer and factory activity slowed more than expected in July and the People’s Bank of China cut its interest rate on one-week loans to banks.“Policymakers are starting to hit the panic button,” Stephen Innes of SPI Asset Management said in a report.Data showed growth in Chinese retail spending slowed to 2.5% over a year earlier from June’s already weak 3.1%. Growth in factory output and investment also decelerated.The People’s Bank of China cut its interest rate on one-week loans to banks to 1.8% from 1.9% in a sign of growing official urgency about reversing the downturn. Also Tuesday, Russia’s central bank raised its mai...

Eagle Point: Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 18:17:05 GMT

GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — Eagle Point Credit Co. (ECC) on Tuesday reported profit of $6.5 million in its second quarter.On a per-share basis, the Greenwich, Connecticut-based company said it had net income of 11 cents. Earnings, adjusted for investment costs, came to 32 cents per share.The management investment company posted revenue of $31.7 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 ECC at https://www.zacks.com/ap/ECCSource

4 Australians and 2 Indonesians are rescued after being missing in waters off Indonesia for 2 days

Published Wed, 26 Feb 2025 18:17:05 GMT

JAKARTA, Indonesia (AP) — Four Australian tourists and two Indonesians were rescued after being missing for two days in the waters off Indonesia’s Aceh province, officials and the father of one of the Australians said Tuesday.Peter Foote, the father of Elliot Foote, who had traveled to Indonesia to celebrate his 30th birthday with friends, said he received a text message from his son saying he is OK.“It says: ‘Hey Dad, Elliot here. I’m alive. Safe now. Love you. Chat later,’” Peter Foote said at a news conference in Sydney on Tuesday. “It’s great, it’s good news. I’ll have to talk to him and want to see photos and see what he looks like. It’s all good.”A wooden speedboat carrying the four Australians and three Indonesian crew members ran into bad weather on Sunday. The details of how they ended up in the sea remain unclear.One Indonesian crew member is still missing, according to the head of the local rescue agency.Peter Foote was told his son had paddled his surfboard t...

In ‘Bidenomics,’ Congress delivered a once-in-generation investment — with political promise, peril

Published Wed, 26 Feb 2025 18:17:05 GMT

WASHINGTON (AP) — There are so many dots on the maps they blur into blobs — each one reflecting trillions of public and private dollars flowing in the U.S. this past year to build thousands of roads, bridges and manufacturing projects in communities large and small, in states red and blue.They include an electric vehicle “battery belt” of manufacturing stretching from Michigan to Georgia, semiconductor fabrication plants in Arizona, Texas, Ohio and New York and broadband coming to Appalachia.Taken together, they represent President Joe Biden’s ambitious attempt to use the levers of government to chart a new era of domestic manufacturing, modernizing the U.S. to compete in the 21st century. Packaged as “Bidenomics” by the White House, the effort is the product of three major bills approved in the last Congress that are also the president’s hoped-for roadmap for reelection. Republicans have balked at what they said was unwarranted federal spending. The debate between those...

Spain beats Sweden 2-1 with last-minute goal and advances to its first Women’s World Cup final

Published Wed, 26 Feb 2025 18:17:05 GMT

AUCKLAND, New Zealand (AP) — Spain will play for its first Women’s World Cup championship after Olga Carmona’s goal in the 89th minute lifted La Roja to a 2-1 victory over Sweden in the Tuesday semifinal. Spain, which overcame last year’s near mutiny by its players against coach Jorge Vilda, will play the winner of tournament co-host Australia and England on Sunday in the final in Sydney. The controversy surrounding Spain dates to last September, when 15 players signed a letter complaining about Vilda and the conditions for the the national team. Three of those players are on this World Cup team, and Vilda a day before the game against Sweden praised the Spanish federation for its support. Now, La Roja has a chance to become a first-time World Cup champion. “This is a historic day,” said Vilda. “We’re in the final, that’s what we wanted.” He again thanked the federation and its leadership for the support that has Spain one win away from the World Cup.“The end resul...

Missing DIA cat found by Southwest employees

Published Wed, 26 Feb 2025 18:17:05 GMT

DENVER (KDVR) -- After spending almost 24 hours lost in the Denver International Airport, Breezy, a year-old Bengal cat, was found hiding in the Southwest ramp area.Breezy and her owner Ginger Thompson flew to Denver for a cat competition. While boarding their flight on the way back to Washington, a mishap with the cat carrier caused Breezy to fall between the airplane door and jet bridge and onto the tarmac. Did you know Denver is one of the freshest non-coastal places you can get fish? Since Sunday, Breezy was on the run in DIA. Thompson stayed an extra day to search for Breezy, but booked a flight home Monday night after little luck, according to her Facebook. "It’s been a little over 24 hours since I lost Breezy. I’m going out of my mind worrying. Trying to be patient but laying here in the hotel waiting is killing me and I’m losing any hope as each hour passes," Thompson said on her Facebook. After a desperate search for the furbaby, Breezy was found on Monday by Southwest...

Can you get a DUI for riding a horse while drunk?

Published Wed, 26 Feb 2025 18:17:05 GMT

DENVER (KDVR) -- It might sound a little "Wild West," but where there are horses and alcohol in the same place, it isn't unheard of for someone to try mixing the two.If you've ever wondered what might happen -- or even heard a rumor about someone getting a DUI for riding horseback while drunk -- you may be curious about what the law actually entails.Colorado's driving under the influence law applies to people who are driving vehicles, and the law describes exactly what is and isn't considered a vehicle. Animals are not vehiclesA "vehicle," at least as far as the state law is concerned, must be capable of moving itself or being moved using wheels or endless tracks.This, of course, doesn't include horses and other animals that people ride. And since the law only applies to vehicles -- motorized or otherwise -- riding horseback while under the influence doesn't count. Are people from Colorado called Coloradans or Coloradoans? However, that doesn't mean you're off the hook if you over...

Dine with Super Bowl champions while supporting a local charity

Published Wed, 26 Feb 2025 18:17:05 GMT

DENVER (KDVR) — Super Bowl champions from the Denver Broncos are coming together for the second annual "Dinner with the Champions" to raise money and awareness for mental health.The dinner will take place at Guard + Grace on Tuesday night. It will be hosted by Pro Football Hall of Famers Steve Atwater and Terrell Davis, Broncos legend Mark Schlereth and local favorite Chef Troy Guard of Guard + Grace. "The evening will be a wonderful gathering with food, drinks, and networking, joined by some of the greatest legends in the game of football for a remarkable charity dinner," said the event in a release.All proceeds will go to the Fund Recovery which supports those battling mental health issues who couldn't otherwise afford help.  Could Denver get a WNBA team? "Donations raised are specifically designated for mental health and substance use services on all levels of care for people who cannot afford the high cost of receiving professional help," Fund Recovery said. Additional guests ...

Boat incidents in Volusia County raise safety concerns

Published Wed, 26 Feb 2025 18:17:05 GMT

VOLUSIA, COUNTY, FlA. (WSVN) – A boat fell apart on the water in a Volusia County beach leaving three people stranded and that’s not the only water rescue that has happened in the same area.The view from a Volusia County chopper showed an out-rigger canoe broken into two pieces in the ocean.Officials said the people on board were jumping into the water when the canoe fell apart.Lifeguards on jet skis and paddle boards were able to rescue and bring all 11 passengers to safety.All of them wore life jackets and none were badly injured but people at the beach are not surprised this happened. “The waves are a little choppy. I could see it happening if you don’t know what you’re doing,” said beachgoer Richard Porras.In another incident, bodycam video showed deputies heading out onto the jetty at Ponce Inlet.Thermal video from a helicopter shows three boaters stuck on the rocks after their boat capsized.One of them even had to climb through the rocks to...

Retired flight attendant’s annual ‘Paulie’s Push’ walk honors 9/11 lives lost

Published Wed, 26 Feb 2025 18:17:05 GMT

NEWARK LIBERTY INTERNATIONAL AIRPORT, N.J. (WSVN) — A retired flight attendant is embarking on a special mission to honor the lives lost on 9/11. Paul Veneto started his journey on Monday for his annual “Paulie’s Push” tribute walk. The commemorative journey follows different paths each year that symbolize the flight path each plane took before it crashed on 9/11. Veneto pushes a beverage cart with every walk he does. In 2021, the year the walk started, he walked to the 9/11 National Memorial from the Boston-Logan International Airport. In 2022, he walked from Washington Dulles International Airport to the Pentagon. This year, Venato will walk from Newark Liberty International Airport to northwestern Pennsylvania; this would symbolize the path of Flight 93 before it crashed. Each walk was completed on Sept. 11 in the years prior. Venato plans to do the same in 2023 as he walks 300 miles to the Flight 93 National Memorial.Venato’s journey has gained publ...