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Stock market today: Asian shares rise after eased pressure on bonds pushes Wall Street higher

Published Wed, 26 Feb 2025 05:14:05 GMT

BANGKOK (AP) — Shares advanced Wednesday in Asia, tracking Wall Street gains following an easing of pressure from the bond market. U.S. futures were little changed and oil prices rose slightly. In China, investor sentiment got a boost from a report by Bloomberg, citing unnamed sources, that the government is considering boosting spending on construction to support the economy. China’s lackluster recovery from the blows to its economy during the COVID-19 pandemic have weighed heavily on regional and global growth. The Hang Seng in Hong Kong added 1.4% to 17,919.55 and the Shanghai Composite index was up 0.2% at 3,081.22. Tokyo’s Nikkei 225 index climbed 0.9% to 32,019.42.In South Korea, the Kospi jumped 2.5%, to 2,462.10 after Samsung Electronics reported improved quarterly earnings. Samsung’s shares surged 4.4%, while SK Hynix’s were up 3.3%. Analysts say the worst of the post-pandemic contraction in demand for computer chips and electronic devices may be ove...

Abortion rights and marijuana questions expected to drive Ohioans to polls as early voting begins

Published Wed, 26 Feb 2025 05:14:05 GMT

COLUMBUS, Ohio (AP) — Heavier-than-normal turnout is expected Wednesday as early voting begins in Ohio’s closely watched off-year election to decide the future of abortion access and marijuana legalization in the state. Of greatest interest nationally is Issue 1, a proposed constitutional amendment giving every person “the right to make and carry out one’s own reproductive decisions.” The effort comes on the heels of a string of victories for abortion rights proponents around the country who have been winning in both Democratic and deeply Republican states since the landmark Roe v. Wade ruling legalizing abortion was overturned.Both sides tried to gin up enthusiasm over the past week as they hosted rallies and canvassing events across the state.Ohioans United for Reproductive Rights, the yes campaign, emphasizes the measure’s ability to keep Ohio’s ban on most abortions after fetal cardiac activity is detected from taking effect. A judge’s order has pla...

Filing period for New Hampshire presidential primary opens

Published Wed, 26 Feb 2025 05:14:05 GMT

CONCORD, N.H. (AP) — The New Hampshire presidential primary filing period starts Wednesday, a ritual unruffled by either a changing of the guard or changes to the nominating calendar elsewhere.For the first time in more than four decades, candidates will file paperwork with a new secretary of state thanks to the retirement last year of longtime elections chief Bill Gardner. But his successor, David Scanlan, is carrying on the tradition of ensuring New Hampshire remains first, waiting for the dust to settle in other states before scheduling the 2024 contest.“I’m really in no hurry,” he said in an interview Tuesday.In contrast, the candidates themselves — particularly the longshots — often are in a race to sign up first in hopes that a bit of media attention will boost their campaigns. In 1991, a writer from New York drove 11 hours in a snowstorm only to find another perennial candidate waiting at the door. In 2007, a Minnesota fugitive living in Italy sent a package by courier that a...

New Zealand immigration hits an all-time high as movement surges following pandemic lull

Published Wed, 26 Feb 2025 05:14:05 GMT

WELLINGTON, New Zealand (AP) — New Zealand’s immigration numbers have hit an all-time high, enabling employers to fill jobs but also putting pressure on the housing market, according to economists.The net number of immigrants was 110,000 in the year ending August, beating the previous high of 103,000 set a month earlier, according to figures released Wednesday by Statistics New Zealand. The numbers represent a big turnaround after more people left New Zealand than arrived during much of the COVID-19 pandemic.“We are talking very, very big numbers for a small economy like ours,” said Jarrod Kerr, chief economist at Kiwibank. Kerr said the surge likely reflected pent-up demand that had built during the pandemic. He said it had come as a relief to employers, who last year were having great difficulty finding skilled workers to fill vacant roles.New Zealand’s unemployment rate remains at a relatively low 3.6%. But Kerr also cautioned the migrants would need a lot of resource...

Internal conflicts and power struggles have become hallmarks of the modern GOP

Published Wed, 26 Feb 2025 05:14:05 GMT

COLUMBUS, Ohio (AP) — After Ohio Republicans bolstered their statehouse majority last year due to their dominating showing in the midterm elections, they split into rival camps over who should lead the lower chamber.The division between younger, more impatient conservatives and more traditional ones was only settled when Democrats crossed party lines to end a standoff over who would become speaker of the Ohio House.Since then, despite their power over all levels of state government, Ohio Republicans have been convulsed by infighting as party leaders censured everyone who had voted for their new speaker, Republican Jason Stephens. Amid the divisions, the Legislature managed to pass only 10 bills this year.“Childish would be my word,” said Republican state Rep. Sara Carruthers of her colleagues who persist in opposing the speaker or refuse to attend caucus meetings. “We’re on the right path, doing the right things, wanting to get good legislation passed and he’s helping them do ...

Hundreds attend L.A. vigil in solidarity with Israel

Published Wed, 26 Feb 2025 05:14:05 GMT

As the Israel-Palestinian war intensifies, communities across Southern California are rallying in support of innocent lives lost and affected overseas.Los Angeles is home to the second-largest Jewish population outside of Israel. Hundreds of supporters gathered for a candlelight vigil in Westwood on Tuesday night, saying they wanted to be with their community as they prayed for those affected by the war.Roxanna Eli organized the vigil at the Sephardic Temple Tifereth Israel. She said many in her community find it difficult to even speak about the deadly conflict overseas in Israel.“I beg you to understand, Hamas is a terrorist organization that doesn’t care about Palestine,” Eli said. “They don’t care about Palestinians. Hundreds gathered for a candlelight vigil at the Sephardic Temple Tifereth Israel in Westwood on Oct. 10, 2023, standing in solidarity with the innocent lives lost in the Israel-Palestinian war. (KTLA)Hundreds gathered for a candlelight vigil at the Sephar...

One arrested, four others sought in San Jose smash-and-grab robbery

Published Wed, 26 Feb 2025 05:14:05 GMT

SAN JOSE — A 27-year-old Nevada man is in custody and four others are being sought in connection with a smash-and-grab robbery last week at Westfield Valley Fair mall, police said.On Oct. 5, five masked male suspects entered the Gucci store and stole $50,000 worth of purses and other merchandise, the San Jose Police Department said in a news release Tuesday.Related ArticlesCrime and Public Safety | San Jose: Arrest made in connection to deadly July shooting Crime and Public Safety | “Watch this guys”: San Jose police encouraged residents of a homeless camp to observe as they beat a mentally ill man Crime and Public Safety | San Jose police body camera footage casts doubt on officers’ version of incident where man was subdued Crime and Public Safety | How we investigated San Jose police use of force against the mentally impaired Crime and Public Safety | Losing control: When San Jose po...

Four-bedroom home sells in Los Gatos for $3 million

Published Wed, 26 Feb 2025 05:14:05 GMT

354 Bachman Court – Google Street ViewA 2,207-square-foot house built in 1987 has changed hands. The spacious property located in the 300 block of Bachman Court in Los Gatos was sold on Sept. 15, 2023. The $3,000,000 purchase price works out to $1,359 per square foot. This two-story house provides a generous living space with its four bedrooms and three bathrooms. In addition, the house includes a two-car garage.These nearby houses have also recently changed hands:On Bachman Avenue, Los Gatos, in October 2022, a 2,634-square-foot home was sold for $3,590,000, a price per square foot of $1,363. The home has 4 bedrooms and 3 bathrooms.A 2,964-square-foot home on the 200 block of Massol Avenue in Los Gatos sold in December 2022, for $4,600,000, a price per square foot of $1,552. The home has 4 bedrooms and 3 bathrooms.In January 2023, a 1,726-square-foot home on Belmont Avenue in Los Gatos sold for $2,990,000, a price per square foot of $1,732. The home has 2 bedrooms and 2 bathrooms.&...

Oakland man charged with shooting clerk who refused to lower price of $40 liquor bottle

Published Wed, 26 Feb 2025 05:14:05 GMT

OAKLAND — Nearly four months after a liquor store clerk was shot for refusing to lower the price of a $40 bottle of booze, police have arrested a suspect.A 34-year-old Oakland man was arrested in late September in connection with the June 23 shooting, court records show. He is next due in court for an arraignment hearing on Oct. 16.The Alameda County District Attorney’s Office charged the man with attempted robbery, assault with a semi-automatic firearm and multiple counts of illegal gun possession, court records show. In a police interview, he claimed that he was worried the clerk was pulling a gun on him so he fired his own handgun.But the clerk’s story — which police say is backed up by surveillance footage — is markedly different. The clerk reported to police that the man shot him three times in the belly during a heated argument over a liquor bottle’s price.Police said the suspect didn’t bother to the take the bottle with him after shoo...

Hayes Valley residents continue to complain about fires in homeless encampments

Published Wed, 26 Feb 2025 05:14:05 GMT

SAN FRANCISCO (KRON) -- Residents in some San Francisco neighborhoods are increasingly concerned about fires at homeless encampments. In the city’s Hayes Valley, multiple complaints are sent to the city on a daily basis.One resident captured pictures of a homeless encampment fire over the weekend.For months, the city had its hands tied with homeless encampments because of a federal injunction that barred them from moving unhoused people living in tents. That’s not the case anymore, but according to the Hayes Valley Neighborhood Association the encampments are still causing safety concerns. 7 Bay Area high schools make Niche’s top 10 in California “Neighbors are afraid,” said David Robinson of the Hayes Valley Neighborhood Association.At the corner of Gough and Page streets in San Francisco Saturday afternoon firefighters and police responded to the scene of a homeless encampment where a tent caught fire.Robinson, who lives in the neighborhood, captured images of the scene.“Burnt r...