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Asian stocks sink after Credit Suisse takeover

Published Wed, 26 Feb 2025 17:48:39 GMT

BEIJING (AP) — Asian stock markets fell Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes.Hong Kong, Tokyo and Sydney declined. Shanghai edged up. Oil prices retreated.Swiss authorities on Sunday announced UBS would acquire its smaller rival as regulators try to ease fears about banks following the collapse of two U.S. lenders. Central banks announced coordinated efforts to stabilize lenders including a facility to borrow U.S. dollars if necessary.Investors worry banks are cracking under the strain of unexpectedly fast, large rate hikes over the past year to cool economic activity and inflation. That caused prices of bonds and other assets on their books to fall, fueling unease about the industry’s financial health.“Investors are waiting to see where the dust settles on the banking saga before making any bold moves,” Stephen Innes of SP...

Trump’s call for protests get muted reaction from supporters

Published Wed, 26 Feb 2025 17:48:39 GMT

WASHINGTON (AP) — Former President Donald Trump’s calls for protests ahead of his anticipated indictment in New York have generated mostly muted reactions from supporters, with even some of his most ardent loyalists dismissing the idea as a waste of time or a law enforcement trap.The ambivalence raises questions about whether Trump, though a leading Republican contender in the 2024 presidential race who retains a devoted following, still has the power to mobilize far-right supporters the way he did more than two years ago before the Jan. 6, 2021, insurrection at the U.S. Capitol. It also suggests that the hundreds of arrests that followed the Capitol riot, not to mention the convictions and long prison sentences, may have dampened the desire for repeat mass unrest.Still, law enforcement in New York is continuing to closely monitor online chatter warning of protests and violence if Trump is arrested, with threats varying in specificity and credibility, four officials told The Associa...

Trump ally to appear before NYC grand jury eyeing charges

Published Wed, 26 Feb 2025 17:48:39 GMT

NEW YORK (AP) — A lawyer allied with Donald Trump is expected to testify Monday before a New York grand jury, giving the former president an indirect opportunity to make a case that he shouldn’t face criminal charges over hush money paid during his 2016 campaign.Robert Costello was asked to appear by the Manhattan district attorney’s office after he said he had information raising questions about the credibility of Michael Cohen, a key witness in the investigation, according to a person familiar with the matter who insisted on anonymity to discuss secret legal proceedings.His testimony will come two days after Trump said he expected to face criminal charges and urged supporters to protest his possible arrest. In a series of social media posts through the weekend, Trump criticized the New York investigation, directing particularly hostile rhetoric toward Manhattan District Attorney Alvin Bragg. It was unclear whether Costello’s testimony has any potential to change ...

Trump silent on abortion as ’24 campaign pushes forward

Published Wed, 26 Feb 2025 17:48:39 GMT

DAVENPORT, Iowa (AP) — No elected Republican has done more to restrict abortion rights in the U.S. than Donald Trump.But in the early days of the 2024 presidential contest, no Republican has worked harder to avoid the issue than the former president. Far more than his GOP rivals, Trump is sidestepping the issue just nine months after he and his party celebrated the Supreme Court’s decision to strip away women’s constitutional right to abortion.Look no further than Trump’s trip to Iowa last week for evidence of his delicate balancing act.Moments after he stepped off his plane just outside Davenport, Trump repeatedly refused to say whether he would support a federal law restricting abortion in every state, a move that anti-abortion activists are demanding of the GOP’s presidential contenders.“We’re looking at a lot of different things,” Trump said when asked twice by The Associated Press whether he supports a federal abortion ban. The former president quickly shifted...

Digital literacy: Can the republic ‘survive an algorithm?’

Published Wed, 26 Feb 2025 17:48:39 GMT

SEATTLE (AP) — Shawn Lee, a high school social studies teacher in Seattle, wants to see lessons on internet akin to a kind of 21st century driver’s education, an essential for modern life.Lee has tried to bring that kind of education into his classroom, with lessons about the need to double-check online sources, to diversify newsfeeds and to bring critical thinking to the web. He’s also created an organization for other teachers to share resources.“This technology is so new that no one taught us how to use it,” Lee said. “People are like, ‘There’s nothing we can do’ and they throw their hands in the air. I disagree with that. I would like to think the republic can survive an algorithm.”Lee’s efforts are part of a growing movement of educators and misinformation researchers working to offset an explosion of online misinformation about everything from presidential politics to pandemics. So far, the U.S. lags many other democracies in waging this battle, and the conse...

Lawyer: Former US pilot could have been lured to Australia

Published Wed, 26 Feb 2025 17:48:39 GMT

SYDNEY (AP) — A former United States military pilot accused of training Chinese aviators could have been lured from China to Australia as part of a U.S. plan to extradite him to his homeland, his lawyer said Monday.In a 2016 indictment from the U.S. District Court in Washington, D.C., unsealed late 2022, prosecutors say Daniel Duggan conspired with others to provide training to Chinese military pilots in 2010 and 2012, and possibly at other times, without applying for an appropriate license.Prosecutors say Duggan received about nine payments totaling around 88,000 Australian dollars ($61,000) and international travel from another conspirator for what was sometimes described as “personal development training.”Boston-born Duggan, 54, has been in custody in Australia since October and appeared in a Sydney court Monday by video link from a prison cell for a brief hearing about a U.S. application to extradite him.His lawyer, Dennis Miralis, told reporters outside the court that Duggan re...

2023 March Madness Sweet 16 schedule, how to watch, what channels games are on

Published Wed, 26 Feb 2025 17:48:39 GMT

AUSTIN (KXAN) — We're down to 16 teams in March Madness, and this tournament has been one of the wildest ones in recent history.MORE THAN THE SCORE: Stay up to date on sports stories like these, and sign up for our More than the Score sports newsletter at kxan.com/newslettersFor the second time in the history of the tournament, a 16-seed topped a 1-seed when Fairleigh Dickinson, who only got into the tournament because Merrimack wasn't eligible to represent its conference in the postseason, beat No. 1 Purdue in the first round.No. 15 Princeton and No. 9 Florida Atlantic are both among the final 16 teams left standing and two top seeds were bounced before the tournament's second weekend. What a ride so far. Below you'll find the upcoming round's TV schedule and results from the previous rounds. Click on the hyperlinks to go to that specific game's boxscore.All games are available for streaming through the March Madness Live website and app with your television provider's subscription...

Gonzaga outlasts TCU 84-81 to punch ticket to Sweet 16 in March Madness finale at Ball Arena

Published Wed, 26 Feb 2025 17:48:39 GMT

Gonzaga arrived at Ball Arena earlier this week as the most-hyped of the eight teams playing in Denver.The Zags left the city Sunday with the final spot in this year’s Sweet 16, outlasting TCU 84-81 in a back-and-forth battle in front of a sold-out crowd. It was a proper sendoff for the last NCAA Tournament game in Denver — until 2025 — to book Gonzaga’s 13th Sweet 16, and eighth straight.Gonzaga star Drew Timme led all scorers with 28 points, just eclipsing the effort by TCU star guard Mike Miles Jr., who finished with 22 points. Both stars dominated the court at times and kept their respective teams in the game, while the Zags owned the pivotal moments of the second half en route to the win.“I thought we were tentative in the first half,” Gonzaga coach Mark Few said. “We just weren’t being who we were that got us here and we were back on our heels defensively. I really challenged them in the locker room: (I told them), ‘This is...

Alleged railroad thieves nabbed with $25,000 in stolen property in San Bernardino County

Published Wed, 26 Feb 2025 17:48:39 GMT

Two men were arrested and face several charges after they were caught with an estimated $25,000 worth of property allegedly stolen out of a Burlington Northern Santa Fe train Saturday, authorities announced.  Just before 12:30 p.m., deputies with the San Bernardino Sheriff’s Department received reports of suspects stealing merchandise from the cargo container of a stopped BNSF train around the area of State Highway 138 and Summit Valley Road near Hesperia.  The caller told authorities that the suspects then fled west on Ranchero Road in a red truck “with a large amount of merchandise in cardboard boxes in the back,” an SBSD news release stated.  An SBSD deputy out of the Victor Valley Sheriff’s Department located the truck approximately 11 miles away on Ranchero Road, near Escondido Avenue and conducted a traffic stop. The two suspects in the vehicle were identified as 29-year-old Fontana resident Jose Hernandez-Garcia and 35-year-old Ontario resident Luis Mendez. “Thirty-...

WATCH: Bay Area prep hoops stars connect on highlight-reel alley-oop in NCAA Tournament

Published Wed, 26 Feb 2025 17:48:39 GMT

(KRON) -- San Diego State men's basketball advanced to the Sweet 16 of the NCAA Tournament with a 75-52 win over Furman University on Saturday. The Aztecs had their share of highlight-reel plays in their double-digit win.One of them featured two Bay Area high school basketball stars. With about 12 minutes left in the first half, SDSU senior guard Darrion Trammell lobbed an alley-oop pass from past half-court to senior forward Keshad Johnson. "Hold on here! They go up high for Johnson," play-by-play announcer Kevin Harlan said on the CBS broadcast. Before they connected on this alley-oop, Johnson and Trammell starred at their respective high schools in the Bay Area. Oakland native living dream of playing college basketball halted due to coronavirus Darrion Trammell: North Bay NativeTrammell is a Marin City native and went to high school roughly 10 miles south at St. Ignatius in San Francisco. He was named first-team All-West Catholic Athletic League (WCAL) in his junior and senior ...