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Stock market today: Wall St. quiet with US inflation data, earnings and a US-China summit

Published Wed, 26 Feb 2025 18:19:20 GMT

Wall Street was slow to engage early Tuesday ahead of potentially market-moving developments, including a U.S.-China summit, new data on inflation, and a host of retail earnings reports. Futures for the Dow Jones industrials and S&P 500 are essentially unchanged before the bell.President Joe Biden will meet with Chinese leader Xi Jinping this week on the sidelines of a Pacific Rim summit in California. It will be the first face-to-face encounter in a year between the leaders of the world’s two biggest economies. In corporate news, Home Depot shares got a small bounce after the home improvement chain beat Wall Street forecasts but narrowed its full-year outlook. Its shares rose less than 1% before the bell. The Atlanta retailer said consumers are reticent to purchase big-ticket appliances, often bought on credit, which has grown very expensive as a result of the fight by the U.S. Federal Reserve to rein in inflation. Target, Macy’s and bellwether Walmart report later this w...

Renowned Canadian-born Israeli peace activist Vivian Silver is confirmed killed in Hamas attack

Published Wed, 26 Feb 2025 18:19:20 GMT

JERUSALEM (AP) — Vivian Silver, a Canadian-born Israeli activist who devoted her life to seeking peace with the Palestinians, was confirmed killed in Hamas’ Oct. 7 incursion into southern Israel.For 38 days, Silver, who had moved to Israel in the 1970s and made her home in Kibbutz Be’eri, had been believed to be among the nearly 240 hostages held in the Gaza Strip. But identification of some of the most badly burned remains has gone slowly, and her family was notified of her death on Monday.Silver was a dominant figure in several groups that promoted peace between Israel and the Palestinians, as well as a prominent Israeli human rights group. She also volunteered with a group that drove Gaza cancer patients to Israeli hospitals for medical care.“On the one hand, she was small and fragile. Very sensitive,” her son Yonatan Zeigen told Israel Radio on Tuesday. “On the other hand, she was a force of nature. She had a giant spirit. She was very assertive. She had very strong core beliefs...

US consumer inflation eased in October, reflecting a cooling of price pressures

Published Wed, 26 Feb 2025 18:19:20 GMT

WASHINGTON (AP) — US consumer inflation eased in October, reflecting a cooling of price pressures.Source

SouthGobi Resources: Q3 Earnings Snapshot

Published Wed, 26 Feb 2025 18:19:20 GMT

VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — SouthGobi Resources Ltd. (SGQRF) on Tuesday reported net income of $29.3 million in its third quarter.The Vancouver, British Columbia-based company said it had net income of 10 cents per share.The coal mining company posted revenue of $98 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 SGQRF at https://www.zacks.com/ap/SGQRFSource

Liberia’s leader Weah is facing a tight runoff vote for a second term against challenger Boakai

Published Wed, 26 Feb 2025 18:19:20 GMT

MONROVIA, Liberia (AP) — Liberian President George Weah faced a tight runoff election Tuesday as he seeks to defeat a repeat challenger and win a second term in the West African nation.The former international soccer star easily defeated Joseph Boakai in the 2017 runoff, but results from the first round of balloting last month showed the two neck and neck. Weah took 43.83% while Boakai brought in 43.44% of the total.“We are going to an election where nobody has a competitive edge with a wide margin,” said Ibrahim Nyei, executive director at the Ducor Institute for Social and Economic Research.In the weeks since the Oct. 10 first round, the candidates actively sought the endorsements of the other opposition parties. Boakai won the backing of the third, fourth and fifth-place finishers. While that amounts to only 5.6% of the vote, it could tilt the runoff in Boakai’s favor.Weah has received the support of two other opposition parties.Liberia’s 2.47 million regi...

Talis: Q3 Earnings Snapshot

Published Wed, 26 Feb 2025 18:19:20 GMT

REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Talis Biomedical Corp. (TLIS) on Tuesday reported a loss of $15.7 million in its third quarter.On a per-share basis, the Redwood City, California-based company said it had a loss of $8.62.The infectious disease diagnostics company posted revenue of $140,000 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 TLIS at https://www.zacks.com/ap/TLISSource

Home Depot sales continue to slide but the biggest home improvement chain still tops expectations

Published Wed, 26 Feb 2025 18:19:20 GMT

Home Depot sales continue to slide as Americans wrestle with persistent inflation and the company narrowed its outlook for the year. But the nation’s biggest home improvement retailer still topped expectations for the quarter. Home Depot now expects an earnings per share to decline between 9% and 11% in 2023 and same store sales to fall 3% to 4%. The company previously anticipated an earnings per share drop between 7% and 13% and a same-store sales decline of 2% to 5%.It’s the first time that Home Depot has projected a decline in annual sales since 2009, when the U.S. economy was decimated by a massive housing bubble. Inflation is hitting Home Depot on a number of fronts. Americans are more closely watching where they spend money as costs rise. The average receipt at Home Depot declined 0.3% from last year during the same period, and customer transactions are down 2.4%. It is also getting more expensive to put big-ticket items on credit cards or to take out a loan to buy...

Police searching for suspect in deadly Aurora double shooting

Published Wed, 26 Feb 2025 18:19:20 GMT

DENVER (KDVR) — Police are searching for a suspect who was allegedly involved in a deadly double shooting Monday night. According to the Aurora Police Department, the shooting happened around 6:30 p.m. in the 14000 block of East Iowa Drive. The area is in the Sable Ridge neighborhood, west of The Medical Center of Aurora. Two victims were shot and taken to a local hospital. Colorado’s 3-day waiting period for gun sales to stand while lawsuit plays out Hours later at 7 a.m. on Tuesday, police confirmed that an unidentified male died at the hospital from the injuries he sustained in the shooting.The Aurora Major Crime Homicide Unit is now investigating.Detectives are interested in any information about a white or gray Nissan Frontier that was seen fleeing from the scene.Anyone with information on the shooting or the suspect vehicle is asked to contact the Metro Denver Crime Stoppers at 720-913-7867. Tipsters can remain anonymous and still be eligible for a cash reward.

How many people are expected to travel through DIA this Thanksgiving?

Published Wed, 26 Feb 2025 18:19:20 GMT

DENVER (KDVR) — AAA expects Thanksgiving travel this year to be one of the busiest on record with an estimated 55.4 million travelers nationwide. With Denver International Airport being the third busiest airport in the world, thousands are expected to travel through Denver during Thanksgiving week.On normal travel days, DIA security can be a gamble. Depending on the day, you can either breeze through security or, the lines could stretch to baggage claim. During the holidays, especially this Thanksgiving, there's going to be even more people. Guide to DIA: Travel tips during the holidays A new report ranked DIA as one of the worst airports in the country to travel through during the holidays.FOX31 reached out to DIA on how many travelers are expected during the week of Thanksgiving.TSA projects that more than 489,000 travelers are expected to pass through DIA between Monday, Nov. 20 to Sunday, Nov. 26, according to a DIA media spokesperson.Almost half a million people will be going...

No. 12 Miami rallies from 2nd-half deficit, then holds off crosstown rival FIU 86-80

Published Wed, 26 Feb 2025 18:19:20 GMT

CORAL GABLES, Fla. (AP) — This time, the only punches that Miami and FIU threw at one another were theoretical. And the Panthers nearly got a stunning knockout.Matthew Cleveland scored 23 points, Bensley Joseph and Wooga Poplar each added 18 and No. 12 Miami rallied from a 12-point second-half deficit to beat neighboring FIU 86-80 on Monday night.Nigel Pack scored 17 points and Norchad Omier had 11 rebounds for the Hurricanes (3-0).“Very proud of our guys for hanging in there,” Miami coach Jim Larrañaga said. “And very impressed with FIU.”Anyone who was watching would likely have said the same, after a game with some wild ebbs and flows. Consider:— Miami started the game on a 28-11 run over 10 minutes.— FIU answered with a 42-13 run over the next 14 minutes.— Miami immediately came back with a 19-0 run over the next four minutes.The Panthers fell to 0-25 all-time against ranked opponents — but made the nine-mile drive back to their campus knowing they nearly changed that.“Had we won...