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Stock market today: Wall Street climbs to clinch its first winning week in a month

Published Wed, 26 Feb 2025 18:37:29 GMT

By STAN CHOE (AP Business Writer)NEW YORK (AP) — Stocks rose Friday to send Wall Street to its first winning week since July 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 climbed 29.40, or 0.7%, to 4,405.71 after flipping between small gains and losses a few times through the day. The Dow Jones Industrial Average rose 247.48 points, or 0.7%, to 34,348.90, and the Nasdaq composite gained 126.67, or 0.9%, to 13,590.65. 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, and he made no promises about what’s coming next. Wall Street had the speech circled on calendars because it was hoping Powell would say the Fed was done with its hikes to interest rates, which grind down inflation at the cost of slowing the economy and hurting prices ...

Armed man fatally shot by Aurora police pulled gun when he was being robbed

Published Wed, 26 Feb 2025 18:37:29 GMT

A man who was shot to death by Aurora police pulled a gun as another man was attempting to rob his backpack, police said.The incident happened about 2:30 a.m. Wednesday near the intersection of East Colfax Avenue and Havana Street, according to an Aurora Police Department news release.Two officers closed in on the confrontation between the pair when the man whose backpack was being robbed pulled a gun and pointed it at the alleged robber, a Friday news release said.“Officers arrived at the intersection and aired they were in contact with the armed man,” police said “Moments later, the officers aired shots had been fired. Only one officer discharged his firearm.”In an earlier news conference, the morning of the shooting, police said the armed man was running away from police when he disregarded commands to stop and was then shot.Officer C. Parrella, a four-year veteran of the department, fired his weapon, police said. Police on Friday declined to give Parrella...

Denver police ask for public’s help in finding suspect connected to fatal shooting

Published Wed, 26 Feb 2025 18:37:29 GMT

Denver police are looking for a man accused of first-degree murder in connection to a shooting from earlier this month.The Denver Police Department published a bulletin on social media asking members of the public to help investigators find the suspect 28-year-old Christopher Roel Hernandez related to a fatal shooting the night of Aug. 8 at West Cedar Avenue and South Federal Boulevard.The shooting that left one man dead occurred outside at about 9:40 p.m. in the 200 block of South Federal Boulevard. It involved two people, but police declined to comment further on the circumstances surrounding the shooting, citing the ongoing investigation.Related ArticlesCrime and Public Safety | Aurora man killed after confronting scooter thieves Crime and Public Safety | Suspect in fatal Aurora shooting arrested in Georgia for separate homicide Crime and Public Safety | One man has died after he was assaulted on East 53rd Avenue in northeast Denver ...

Cook's Corner shooting suspect's former home raided; victims identified

Published Wed, 26 Feb 2025 18:37:29 GMT

Editor's note: This story was updated to correct a misspelled name.A home was raided Thursday in connection with mass shooting suspect John Snowling, who allegedly killed three people and injured six others during a rampage at Cook's Corner in Orange County.A search warrant was served at a home in the 4500 block of El Capitan Place that the 59-year-old suspect once shared with his estranged wife. Investigators served a search warrant on Aug. 24, 2023, at a home John Snowling used to share with his estranged wife. (RMG News)Images showed several SWAT officers near a van parked outside the former Ventura Police Department sergeant's home. The street was closed to the public during the operation.It was unclear what investigators were searching for or if anything was recovered from the home. Snowling, armed with three handguns and a shotgun, apparently drove from where he was currently living in Ohio to the Cook's Corner bar in the Trabuco Canyon area of Orange County. Investigators sai...

Busch Light releases pumpkin spice drink for dogs

Published Wed, 26 Feb 2025 18:37:29 GMT

It may still be summer, but pumpkin spice season is in full effect with companies announcing their fall seasonal menus, including some treats made specifically for man's best friend. Busch Light, a division of the Anheuser-Busch company, unveiled Busch Pumpkin Spice Dog Brew, an all-natural, non-alcohol drink made for dogs, on Friday.Busch Light, a division of the Anheuser-Busch company, announced Busch Pumpkin Spice Dog Brew, an all-natural, non-alcohol drink made specifically for dogs, on Friday. (Busch Light) The dog-friendly brew is made with pure pumpkin, whole cinnamon, ginger, turmeric and water, a news release said.Pumpkin spice dog lovers can purchase the dog brew online for $15 while supplies last.Busch Light isn’t the only company selling pumpkin spice-flavored dog treats for the upcoming fall season.Krispy Kreme announced Wednesday the launch of its new Pup’kin Spice Doggie Doughnuts, which were inspired by the popular Krispy Kreme treat for humans.The Pup’kin Spice Dogg...

Tesla Supercharger gets green light for Hollywood site, reports say

Published Wed, 26 Feb 2025 18:37:29 GMT

Hollywood may soon be home to one of the hottest new spots for Tesla drivers.The planned construction of a Supercharger station with a diner and drive-in movie screen received the necessary approvals to begin construction, as reported by Teslarati.The plans have sparked a great deal of interest from Elon Musk superfans, who have created renderings of what they anticipate the spot will look like.The idea has been bandied about by Tesla chief Musk for years, including in a January 2018 thread on X, the platform formerly known as Twitter that he now owns."Gonna put an old school drive-in, roller skates & rock restaurant at one of the new Tesla Supercharger locations in LA," he wrote. "Of course. And an outdoor screen that plays a highlight reel of the best scenes in movie history."While Musk's initial plan was to put the Supercharger site in Santa Monica, it's now planned for 7001 Santa Monica Blvd. in Hollywood. The location formerly hosted a Shakey's Pizza.Regardless of the site,...

San Fernando Valley man admits to bilking more than $300K from pandemic relief programs

Published Wed, 26 Feb 2025 18:37:29 GMT

A Porter Ranch man faces up to two decades in federal prison after he pleaded guilty Thursday to defrauding the federal government out of hundreds of thousands of dollars during the COVID-19 pandemic.Artur Chanchikyan, 55, received a total of more than $345,000 from the U.S. Small Business Administration as the owner of North Hollywood-based Gentle Touch Home Health Care, the DOJ said in a news release. Though he was accused of fraud and suspended from receiving Medicare payments by the Centers for Medicare and Medicaid Services in December 2019, he applied about four months later for a Paycheck Protection Program loan worth $160,000."In the PPP application, Chanchikyan made false representations, including the number of employees to whom Gentle Touch paid wages and Gentle Touch’s average monthly payroll expenses at the time of the application, and false certifications that the loan would be used for permissible business purposes by Gentle Touch," the DOJ said. "As a result, Gentle ...

Daniel Uribe Killed, Anise Huerta Involved in Multi-Car Crash on Goodfellow Avenue [Fresno County, CA]

Published Wed, 26 Feb 2025 18:37:29 GMT

58-Year-Old Man Fatally Struck in Auto Collision near Rio Vista AvenueFRESNO COUNTY, CA (August 25, 2023) – Tuesday, Daniel Uribe died and Anise Huerta was involved in a multi-car crash on Goodfellow Avenue.The incident occurred around 3:30 p.m., just west of Rio Vista Avenue.According to reports, 26-year-old Huerta was distracted while traveling east in a Chevrolet Silverado. She the turned into oncoming traffic in attempt to avoid a rear-end crash and struck the back of a Toyota Camry.Upon impact, the Camry was pushed into oncoming lanes where it collided head-on with a westbound BMW 328i. Additionally, a Hyundai Accent traveling behind the Chevrolet was unable to move out of the way in time and hit the Silverado.Paramedics transported the 58-year-old male driver of the BMW to Adventist Hospital in Reedley where he died from his injuries. Authorities later identified him as 58-year-old Uribe, of Sanger.Meanwhile, paramedics rushed the Chevrolet and the Hyundai driver to Kais...

Two-year-old killed in Fremont parking lot collision

Published Wed, 26 Feb 2025 18:37:29 GMT

FREMONT — A 2-year-old boy died Thursday after he was struck by an SUV in a parking lot, officials said.He was identified Friday by the coroner’s office as Leonid Grigorev of Fremont.The fatal collision happened about 6 p.m. Thursday in a business center parking lot in the 5000 block of Mowry Avenue, police said.Authorities said the boy was struck by a moving SUV but did not say how fast it was going or if it was backing up or going forward.The boy was treated at the scene by Fremont firefighters before being taken to a hospital, where he died.The driver of the SUV remained on the scene and is cooperating with the investigation, police said in a news release.Police did not say who the child was with and what led up to him being hit by the SUV. He was not in a stroller at the time he was struck.In the release, authorities said that “speed and impairment do not appear to be factors” in the fatal crash. No other information was released about the driver.Investig...

Regency at Tracy Lakes now selling

Published Wed, 26 Feb 2025 18:37:29 GMT

Toll Brothers, the nation’s leading builder of luxury homes, announced the opening of Regency at Tracy Lakes, a gated, master-planned community of 590 luxury homes for 55+ active adults located in the lush and expansive valleys of Tracy, California. The sales center is located at 1650 Aloha Court in Tracy.Regency at Tracy Lakes’ future 11,000-square-foot private amenity center offers indoor and outdoor pools and a state-of-the art fitness center. Planned by a team of award-winning architects, landscape architects and interior designers, Regency at Tracy Lakes is designed for active-adult homebuyers looking for an amenity-rich lifestyle for which the luxury builder is acclaimed. Single-story homes in the community range in size from 1,560 to 2,775 square feet with two to three bedrooms, two to three bathrooms and two- to three-car garages. Regency at Tracy Lakes will offer a variety of home designs within four collections, featuring modern floor plans with open and spacious livi...