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Stock market today: Wall Street swings as Fed keeps rates steady but signals more hikes may come

Published Wed, 26 Feb 2025 11:11:46 GMT

NEW YORK (AP) — Stocks are swinging on Wall Street Wednesday after the Federal Reserve hinted it may raise interest rates two more times this year, even if it’s holding rates steady for now.The S&P 500 was virtually unchanged in afternoon trading after pinballing from a modest gain before the Fed’s announcement to a modest loss just after. The Dow Jones Industrial Average was down 247 points, or 0.7%, at 33,964, as of 3 p.m. Eastern time, while the Nasdaq composite was 0.2% higher.The Fed closed its latest policy meeting by saying it would hold rates steady, to give more time to see how its fusillade of rate hikes over the last 15 months is affecting the economy. It’s attempting the excruciating balancing act of slowing the economy just enough through rate increases to snuff out high inflation, but not so much as to break the job market and create a recession.Standing pat would give the economy more time to absorb all the past rate hikes, and Fed Chair Jerome Powell said “ideall...

Washington says it’s asking Israel about the death of detained Palestinian-American

Published Wed, 26 Feb 2025 11:11:46 GMT

JERUSALEM (AP) — The United States on Wednesday said it was seeking more information about the closure of an Israeli military investigation into the death of a 78-year-old Palestinian-American who was detained, gagged and left unconscious shortly before being pronounced dead.Israel had announced on Tuesday that it would not bring criminal charges against the soldiers involved in the detention of the Palestinian-American, Omar Assad, from an impromptu checkpoint in the occupied West Bank last year. The military admitted that the actions of the soldiers — who left Assad lying unresponsive on the ground without offering medical help or checking to see if he was alive — showed a lapse of moral judgement. But it said the soldiers would face only internal disciplinary measures because it could not determine that their misconduct directly caused Assad’s death.Assad’s death has sparked outrage, shining a light on the dangers faced by Palestinians in the West Bank. Palestinians say the...

Commuter train collides with truck in Connecticut, pickup driver hospitalized

Published Wed, 26 Feb 2025 11:11:46 GMT

NORWALK, Conn. (AP) — A commuter train collided with a pickup truck in Connecticut on Wednesday, injuring the driver and heavily damaging the vehicle, authorities said.The crash happened just before 11:30 a.m. at a Metro-North Railroad street crossing in Norwalk that has warning lights and gates, according to the Metropolitan Transportation Authority.The pickup driver’s name and condition had not been released Wednesday afternoon. The MTA said the person was alive at the scene and taken to Norwalk Hospital. A hospital spokesperson said they needed a name to check the person’s condition.None of the 24 passengers on the train was hurt, the MTA said.A photo of the aftermath posted by The Hour newspaper shows a front corner of the train pushed into the pickup’s passenger compartment on the driver’s side. The train pushed the truck an unknown distance down the track.The cause of the crash was not immediately clear. The MTA was investigating.The accident happened o...

B.C. border agents find 6,300 kg of meth, including largest single seizure to date

Published Wed, 26 Feb 2025 11:11:46 GMT

DELTA, B.C. — The Canada Border Services Agency says it has confiscated more than 6,300 kilograms of methamphetamine in British Columbia over the last six months, including the largest ever single seizure of the drug.The agency says the drugs were found in four Metro Vancouver seizures in jugs labelled as canola oil and destined for export to Australia.In December of last year, agents in Burnaby found 40 jugs containing just over 200 kilograms of crystal methamphetamine, and a month later 180 containers with 2,900 kilograms of liquid methamphetamine were seized coming through the container examination facility in Delta. The agency says in a statement that the January discovery was enough to fill 35 large suitcases and is its largest methamphetamine seizure to date.In May, two other major seizures happened at the container examination facility, where more than 3,000 kilograms of liquid methamphetamine was discovered.The agency says the seizures were a result of collaboration between ...

Canada halts activity at Asian development bank, looks to review its membership

Published Wed, 26 Feb 2025 11:11:46 GMT

OTTAWA — Finance Minister Chrystia Freeland announced Wednesday that Canada will halt all government-led activity at the Asian Infrastructure Investment Bank after a Canadian citizen tendered his resignation from the financial institution. Bob Pickard said in a tweet Wednesday that he resigned as the bank’s global communications chief because the bank is “dominated” by members of the Chinese Communist Party. “The government of Canada will immediately halt all government-led activity at the bank and I have instructed the Department of Finance to lead an immediate review of the allegations raised and of Canada’s involvement in the AIIB,” Freeland told reporters on Wednesday. The finance minister said the review would be conducted “expeditiously” and that she wasn’t ruling out any outcome following its completion. In a statement, the AIIB called Pickard’s allegations “categorically false.”“We are an independe...

What you need to know about wildfires in Canada

Published Wed, 26 Feb 2025 11:11:46 GMT

Wildfires continue to rage in Canada in one of the worst seasons in recent memory. Not enough rain in Quebec fell to help the firefight, while B.C. reports fire above highway is held. Here’s a look at developments Wednesday:Canada expecting more firefighting help from abroadMore firefighters from abroad were expected Wednesday in Canada as the country grapples with its worst wildfire season of the 21st century.Officials from Quebec said 240 firefighters, 100 from Portugal and 140 from Spain, are landing in Quebec City to aid in fighting some of the 130 forest fires raging across the province.About 5,000 firefighters from other countries, including the United States and France, have been deployed across Canada, while teams from Chile and Costa Rica are expected in the coming days.Prime Minister Justin Trudeau says Canada will continue to rely on foreign crews to fight fires in the coming years, and that it’s clear Canada needs to increase firefighting resources at many le...

Remains identified as murdered teen missing since 1969

Published Wed, 26 Feb 2025 11:11:46 GMT

WILKES-BARRE, Pa. (WBRE/WYOU) — A teenager who disappeared more than 50 years ago died by homicide, Pennsylvania State Police said Tuesday.Joan Marie Dymond was 14 years old when she was last seen on Andover Street Park on June 25, 1969. Her remains weren't discovered until November 2012 on the grounds of a former coal-mining operation. People digging for relics in a trash-filled depression in the ground made the discovery.“After supper, she told her family she was going to the Andover Street Park in Wilkes-Barre and she never returned,” Trooper Andrew Morgantini said.On Tuesday, investigators and the Luzerne County Coroner's Office announced they have ruled Dymond's death a homicide. Joan Marie Dymond (Photo courtesy Pennsylvania State Police)Lab results indicated a high probability she died in the late 1960s, investigators said. An examination determined the remains were those of a female, who died of suspicious or “foul play” circumstances.The remains had been submitted to Othram...

28-year-old Louisiana woman accused of posing as 17-year-old high school student

Published Wed, 26 Feb 2025 11:11:46 GMT

BOUTTE, La (WGNO) — A 28-year-old Louisiana woman accused of enrolling as a student at a St. Charles Parish high school was arrested along with her mother. Officials with the St. Charles Parish Sheriff's Office said deputies on Tuesday arrested Martha Jessenia Gutierrez-Serrano, 28, and her mother, Marta Elizeth Serrano-Alvarado, 46, both of Boutte, after receiving information about an adult woman possibly enrolled at Hanhville High School for the 2022-2023 school year.According to SCPSO officials, the investigation began on May 29 after school administrators were alerted about a possible adult posing as a 17-year-old girl.Martha Jessenia Gutierrez-Serrano's age was listed as 17 years old. New Orleans residents’ satisfaction with NOPD lowest since 2009, according to survey Authorities did not provide details about why she allegedly did so or whether authorities suspect anything inappropriate occurred during Gutierrez-Serrano’s time at the school.Officials said detectives later lea...

Central Texans claim national title for professional cornhole

Published Wed, 26 Feb 2025 11:11:46 GMT

AUSTIN (KXAN) – You may have been the champion of your friend’s Memorial Day cornhole tournament, but two Central Texans have taken the backyard pastime to a whole new level. Eddie Grinderslev and Kaleb Batson took home the doubles national title in professional corn hole in Portland, Oregon, Saturday, marking their first national professional win. “These are pretty large tournaments,” Grinderslev said. “[There are] four national championships, and this was the third of four.”“We've been playing together for three years, and we’ve won state championships and things like that, but to win a national title was very big for us,” Grinderslev said. Not just a hobbyGrinderslev said there are many cornhole leagues across the country, but all professional tournaments happen through the American Cornhole League (ACL). In 2015, Stacey Moore founded the league, which standardizes rules and equipment for all levels of the sport, according to media reports. Since 2016, ACL pro...

Four-run inning leads Twins past Brewers — thanks to Carlos Correa again

Published Wed, 26 Feb 2025 11:11:46 GMT

The four-run inning the Twins put up on Wednesday was nowhere near as dramatic as their four-run inning against the Brewers a day earlier. But it got the job done just the same.The Twins concentrated all of their scoring in the third inning on Wednesday, overtaking the Brewers 4-2 in the two-game series finale at Target Field.One key commonality of those rallies? Carlos Correa, who hit a walk-off home run on Tuesday, delivered triple that caromed hard off the right-field wall, allowing a pair of runs to score to tie the score on Wednesday.Correa’s big hit was followed by a Trevor Larnach double off the wall to give the Twins a lead and a Joey Gallo pop fly that fell in behind second baseman Owen Miller, who had been racing back and seemed to lose the ball, perhaps in the hazy sky. Larnach scored on the play.The Twins only managed one more hit following that third inning, but that was enough run support for starting pitcher Bailey Ober and a collection of the Twins’ top bullpen arms....