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The yield on a 10-year Treasury reached 5% for the 1st time since 2007. Here’s why that matters

Published Wed, 26 Feb 2025 21:26:05 GMT

NEW YORK (AP) — The yield on the 10-year Treasury has reached 5% for the first time since 2007. That matters for everyone, not just Wall Street. Treasury yields have been climbing rapidly, with the 10-year yield rallying from less than 3.50% during the spring and from just 0.50% early in the pandemic. Monday morning, the yield on the 10-year Treasury was at 4.96% after hitting 5.02% earlier. The jump means the U.S. government must pay more to borrow money from investors to cover its spending.It also directly affects people around the world, because the 10-year Treasury yield is the centerpiece of the global financial system and helps set prices for all kinds of other loans and investments. Besides making it more expensive for U.S. homebuyers to buy a house with a mortgage, higher yields also put downward pressure on prices for everything from stocks to cryptocurrencies. Eventually, they could help cause companies to lay off more workers. Higher yields mark a sharp turnaround for a g...

Bishan Bedi, India cricket great who claimed 266 test wickets with dazzling spin, dies at 77

Published Wed, 26 Feb 2025 21:26:05 GMT

NEW DELHI (AP) — Bishan Bedi, the India cricket great whose dazzling left-arm spin claimed 266 test wickets, has died. He was 77.The death of Bedi, who underwent multiple surgeries over the last two years that included a knee operation a month ago, was confirmed by the Board of Control for Cricket in India on Monday.“The BCCI mourns the sad demise of former India Test Captain and legendary spinner, Bishan Singh Bedi,” the BCCI wrote on X, formerly known as Twitter.“Our thoughts and prayers are with his family and fans in these tough times. May his soul rest in peace.”Bedi was part of the famous Indian spin quartet with Bhagwath Chandrasekhar, Erapalli Prasanna and Srinivas Venkataraghavan in the 1970s.He grabbed his 266 wickets in 67 test matches, but played only 10 ODIs between 1974-79, picking up seven wickets. He took 1,560 first-class wickets — the most by any Indian bowler ever — playing for various teams including Delhi and Northern Punjab in India and Northamptonshire in Engl...

JetBlue plane tilts back after landing at JFK Airport in New York but no injuries are reported

Published Wed, 26 Feb 2025 21:26:05 GMT

NEW YORK (AP) — JetBlue officials say a plane rocked back with its nose pointed skyward after landing at New York’s John F. Kennedy International Airport because of a shift in weight on the aircraft.Videos posted on social media show Flight 662 from Bridgetown, Barbados, at the passenger gate and tilted backward at about a 30-degree angle after landing Sunday night.JetBlue officials said in a statement Monday that the jetliner tilted back “due to a shift in weight and balance during deplaning.” The plane eventually leveled, the officials said, and no injuries to passengers were reported.The aircraft has been taken out of service for inspection, JetBlue said.The Associated Press

California governor visits China and says his state will always be a partner on climate change

Published Wed, 26 Feb 2025 21:26:05 GMT

HONG KONG (AP) — The governor of California opened a week-long trip to China on Monday with an assurance that his state will always be a partner on climate issues no matter how the U.S. presidential election turns out next year.Democrat Gavin Newsom’s visit comes as U.S.-Chinese relations witnessed a sharp deterioration in recent years due to trade disputes, U.S. support for self-governing Taiwan and human rights concerns, among other contentious issues.Attempting to reinforce his state’s role as a global leader on climate change, Newsom began his visit with a climate-themed discussion at the University of Hong Kong. He told the audience they “can rely on California,” while addressing claims that the United States is not a reliable ally.“I want you to know, regardless of what happens nationally, sub-nationally, you have a partner in the state of California,” he said. Climate remains one area where collaboration is seen as possible and necessary. Both countries appear to ...

Person killed in crash involving semi on I-55

Published Wed, 26 Feb 2025 21:26:05 GMT

CHICAGO — All lanes have reopened on the outbound Stevenson Expressway after a person was killed in a crash involving a semi-truck.The accident happened on I-55 between Harlem Avenue and Central Avenue around 3 a.m. Monday. According to Illinois State Police, one fatality has been confirmed. The person's identity has not yet been released.All outbound lanes were closed for an investigation at Central Avenue for nearly six hours Monday morning. 12-year-old boy killed in shooting on South Side; $15K reward offered for info leading to arrest No further details have been provided at this time.

37-year-old woman killed in Southwest Side drive-by shooting

Published Wed, 26 Feb 2025 21:26:05 GMT

CHICAGO — A woman was killed Sunday night in a drive-by shooting on the Southwest Side.Just before 9:35 p.m., a 37-year-old woman was walking on a sidewalk in the 5400 block of South Narragansett.A man driving a dark-colored SUV approached and fired shots at the woman, striking her in the body.She died at Christ Hospital a short time later, CPD said. 12-year-old boy killed in shooting on South Side; $15K reward offered for info leading to arrest No one is in custody.

Baby born at NFL stadium during Sunday's game

Published Wed, 26 Feb 2025 21:26:05 GMT

INDIANAPOLIS (WXIN) — One fan made it inside Lucas Oil Stadium without a ticket Sunday as the Colts took on the Browns.A statement from the Capital Improvement Board — the public entity that oversees the Indianapolis stadium — confirmed a baby was born at the venue during the game"We wish the family our warmest congratulations and wishes for good health," Capital Improvement Board officials said in a statement. "We are excited to be a part of their history.""We also want to extend thanks to our partners at IU Health for being prepared for any medical situation. They do a great job at meeting all the needs that come their way, and today was no exception."Nexstar's WXIN later learned that the baby girl is related to Browns wide receiver David Bell.“It’s a blessing," the Indianapolis native and former Purdue Boilermaker said. "Her whole idea was to try to have the baby before the game, but you know it’s all in God’s time. So, now I have a new niece. So, hopefully I ...

Watch: Bear creeps up behind Virginia man as he tends his backyard

Published Wed, 26 Feb 2025 21:26:05 GMT

GOOCHLAND COUNTY, Va. (WRIC) – A Virginia man got the surprise of his life when he encountered a bear in his backyard last week.  John Barr, of Goochland, wasn’t injured during the encounter Wednesday, and said he believes the bear might have been more scared of him than he was of it. "[I] turned around and there was a bear,” Barr said.  The encounter was caught on security camera footage. In it, Barr was gardening when suddenly he got an unexpected visitor.   The video shows the bear approaching Barr, seeing him, and fleeing as Barr turns around — just in time for Barr to get a glimpse of the bear as it scurried back into the woods. The whole incident happened in a matter of seconds.  "I finally decided I should run in the house. Of course, by then he was gone,” Barr said.  Video captured by a security camera shows John Barr of Goochland County tending to his garden while a bear walks into his back...

Dean's Reviews: 'Killers of the Flower Moon'

Published Wed, 26 Feb 2025 21:26:05 GMT

Check out Dean's Reviews of the new film "Killers of the Flower Moon," in theaters now.Get Dean's reviews and A-List interviews delivered right to your inbox. Sign up for Dean's Downloads weekly newsletter. You'll also get his Dean Cooks recipes too!

St. Paul homicide investigation underway after West Side shooting

Published Wed, 26 Feb 2025 21:26:05 GMT

St. Paul police said Monday they’ve launched a homicide investigation after a shooting death overnight.It happened on the West Side in the 400 block of South Clinton Avenue.Police said they plan to release additional information later Monday. Related ArticlesCrime & Public Safety | 1 dead, 2 injured in early morning shooting in St. Cloud, police say Crime & Public Safety | New Minnesota law cracks down on organized retail theft Crime & Public Safety | Former Twins player arrested in connection with 2021 Lake Tahoe-area shooting that killed a man, wounded his wife Crime & Public Safety | West St. Paul man pleads guilty to murder in fatal 2021 shooting of Woodbury man in Minneapolis Crime & Public Safety | Heidi Firkus family, others speak out in new ‘Dateline’ program about her murder in St. Paul