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Stock market today: Wall Street ticks higher after the first of 2 big updates on inflation this week

Published Wed, 26 Feb 2025 09:10:05 GMT

NEW YORK (AP) — Most U.S. stocks ticked higher Wednesday amid mixed yields in the bond market, which has been the main driver of Wall Street’s moves recently. The S&P 500 rose 18.71, or 0.4%, to 4,376.95 for its fourth straight gain. The Dow Jones Industrial Average added 65.57 points, or 0.2%, to 33,804.87, and the Nasdaq composite gained 96.83, or 0.7%, to 13,659.68.Wall Street has been mostly struggling since the summer as longer-term yields shoot higher in the bond market, weighing on prices for all kinds of investments. Some relief has come this week, and yields have eased after officials at the Federal Reserve suggested they may be done raising their main overnight interest rate.The yield on the 10-year Treasury fell to 4.56% from 4.66% late Tuesday and from more than 4.80% last week, when it reached its highest level since 2007. Besides hurting prices for investments, high yields have jacked up rates for mortgages and other loans, which saps momentum from the economy.But ...

BWI Marshall Airport slowly reopens after large police investigation brought traffic to standstill

Published Wed, 26 Feb 2025 09:10:05 GMT

A large police investigation at BWI Marshall Airport centered on a suspicious vehicle near the terminal led authorities to shut down roads leading to the airport Wednesday afternoon.At about 4:15 p.m.., the airport said the vehicle had been “cleared” and roadway operations would return to normal. During the incident, traffic on Interstate 195 — the main artery to the airport — was blocked for nearly an hour and travelers inside the airport were advised to remain in place. There was a brief ground stop, as well.The investigation also suspended light rail service, terminating at the Cromwell station.As of 4:30 p.m., the upper level roadway is open for both passenger drop-off and pickup, the airport said.Southwest Airlines passengers are allowed to retreive their bags from Bag Belts #1-5. Passengers will not be allowed to exit to the Lower Level.All passengers and visitors need to go to the Upper Level to exit the airport.— BWI Marshall Airport (@BWI_Airport) October 11, 20...

Kansas escapes postseason ban, major penalties as IARP panel downgrades basketball violations

Published Wed, 26 Feb 2025 09:10:05 GMT

LAWRENCE, Kan. (AP) — The Kansas men’s basketball program was put on probation and ordered to take down its 2018 Final Four banner but escaped a postseason ban Wednesday, when an independent panel created by the NCAA to handle complex cases downgraded five Level I violations lodged against the Jayhawks.The violations stem from a 2017 federal investigation into college basketball corruption, and hinged on whether representatives of the apparel company Adidas were considered boosters when two of them arranged payments to prospective recruits. Kansas officials never disputed that payments were made, only that they had no knowledge of them, and they appealed the violations through the Independent Accountability Resolution Process. Their hearing took place in April and the ruling was announced less than a month before the start of the college basketball season in which the powerhouse Jayhawks will be a national championship contender.“Today’s decision by the Independent Resolution ...

Donald Trump’s financial statements were key to getting loans, ex-bank official tells fraud trial

Published Wed, 26 Feb 2025 09:10:05 GMT

NEW YORK (AP) — Donald Trump obtained hundreds of millions of dollars in loans using financial statements that a court has since deemed fraudulent, a retired bank official testified Wednesday at the former president’s New York civil fraud trial.Trump’s statements of financial condition were key to his approval for a $125 million loan in 2011 for his Doral, Florida, golf resort and a $107 million loan in 2012 for his Chicago hotel and condo skyscraper, former Deutsche Bank risk management officer Nicholas Haigh testified.They also helped Trump secure bigger loans and lower interest rates, said Haigh, who headed the risk group for the bank’s private wealth management unit from 2008 to 2018.A judge last month ruled that Trump and his company, the Trump Organization, committed years of fraud by exaggerating the value of Trump’s assets and net worth on the financial statements he gave to banks, insurers and others to make deals and secure loans.Trump’s longtime finance chief, Allen...

Man, 19, pleads guilty to third-degree murder in death of teen shot in Pittsburgh school van

Published Wed, 26 Feb 2025 09:10:05 GMT

PITTSBURGH (AP) — A 19-year-old man pleaded guilty Wednesday to third-degree murder in the death of a 15-year-old student shot last year in a school van outside a Pittsburgh school while waiting to go home.Eugene Watson also pleaded guilty in Allegheny County Court to criminal conspiracy and two firearms charges in the January 2022 shooting death of Marquis Campbell. Watson, who was 17 at the time of the. shooting, was charged as an adult. He is scheduled to be sentenced on Jan. 25. His attorney declined to comment on the pleas outside the courtroom. Prosecutors withdrew charges against another teenager who they said was adjudicated delinquent in juvenile court on one conspiracy count.Authorities said classes had just been dismissed at Oliver Citywide Academy, a special education center on the city’s North Side for students in grades three through 12, when two people approached the school van and fired into it. Campbell was hit and afterward was pronounced dead at a hospital.D...

Body parts stolen from mausoleum at Crown Hill Cemetery

Published Wed, 26 Feb 2025 09:10:05 GMT

DENVER (KDVR) -- A private mausoleum at Crown Hill Cemetery was broken into overnight and body parts were stolen, according to the Jefferson County Sheriff's Office.Deputies were dispatched to the cemetery in Jefferson County around 7:20 a.m. Wednesday about damage to a mausoleum, the sheriff's office said in a release. FOX31 Newsletters: Sign up to get breaking news sent to your inbox They found severe damage to the crypt front on the mausoleum and damage to the crypt and casket inside.According to the sheriff's office, it appeared someone entered the cemetery overnight, forced entry into the crypt and accessed the casket. The casket was pried open and parts of the body were removed.Investigators searched the area and processed the crime scene for evidence, the sheriff's office said.Anyone with information on the incident was asked to contact the Jefferson County tipline at 303-271-5612.

WHIP LIST: Scalise races to lock down votes for Speaker

Published Wed, 26 Feb 2025 09:10:05 GMT

House Republicans on Wednesday officially nominated Majority Leader Steve Scalise (R-La.) to be Speaker. But almost immediately, members started expressing their reluctance to vote for him on the House floor — or simply remaining noncommittal.In the House GOP's narrow majority, just a handful of Republican holdouts could set up a floor fight.See who those members are below, and check back as this list will be updated.Voting for someone other than Scalise (5)Rep. Lauren Boebert (R-Colo.) — voting for Rep. Jim Jordan (R-Ohio)Rep. Bob Good (R-Va.) — voting for Rep. Jim Jordan (R-Ohio)Rep. Marjorie Taylor Greene (R-Ga.) — voting for Rep. Jim Jordan (R-Ohio)Rep. Max Miller (R-Ohio) — voting for Rep. Jim Jordan (R-Ohio)Rep. Carlos Gimenez (R-Fla.) — voting for Rep. Kevin McCarthy (R-Calif.)Not yet supporting Scalise and undecided (5)Rep. Ken Buck (R-Colo.) Rep. Michael Cloud (R-Texas)Rep. Thomas Massie (R-Ky.)Rep. Chip Roy (R-Texas)Rep. Victoria Spartz (R-Ind.) No comment (2)Rep. Dan Bish...

These Colorado ski resort towns will get snow this week

Published Wed, 26 Feb 2025 09:10:05 GMT

DENVER (KDVR) -- Ski season is still a bit of away, but that doesn't mean you can't get excited when your favorite spot gets a few inches of snow for the first time this season. Colorado weather: Where will it snow this week? A storm is headed toward the north and central mountains, and the National Weather Service has projected snow in many areas with popular ski resort towns.Ski resort towns under Winter AdvisoryA Winter Weather Advisory was issued for a lot of the north and central mountains.According to the NWS, between 6 to 12 inches of snow is expected in certain areas, with locally higher amounts possible at higher elevations. Download the FOX31 App: Breaking news alerts & Pinpoint Weather Many popular ski resort towns are included in the advisory:BreckenridgeAll of Breckenridge is included in the advisory.Fraser/Winter ParkFraser, for the most part, is not part of the advisory, but most of Winter Park, including the area of Winter Park Mountain Lodge, is.KeystoneSitt...

What to expect for the 2023-24 Colorado Avalanche season

Published Wed, 26 Feb 2025 09:10:05 GMT

DENVER (KDVR) -- Hockey season is here, and while the Colorado Avalanche had an early exit from the Stanley Cup Playoffs last season there is hope anew.Yes, last season the Avs were the No. 1 team in the Central Division, but in the first round of the playoffs they were beaten in seven games by the No. 4 ranked Seattle Kraken. Are Colorado sports on a winning streak? This season the Avalanche will have Valeri Nichushkin back on the ice after he missed the last five playoff games for personal reasons. The team also added a few players in the off-season including:Center Ross ColtonLeft wing Jonathan DrouinCenter Ryan JohansenRight wing Chris WagnerLeft wing Miles WoodHowever, there are also some notable departures, including the following players:Left wing J.T. CompherCenter Lars EllerDefenseman Erik JohnsonLeft wing Matthew NietoCenter Alex NewhookCenter Evan RodriguesThat's not to mention the absence of captain Gabriel Landeskog, who is expected to miss his second full season in a...

Prosecutors say Elijah McClain was just walking home, jury urged to convict officers

Published Wed, 26 Feb 2025 09:10:05 GMT

DENVER (AP) — Prosecutors seeking a conviction of two Colorado police officers in the 2019 death of Elijah McClain implored a jury during closing arguments Tuesday to remember that 23-year-old Black man was just trying to walk home the night he was put in a neck hold and and pinned down by the officers before paramedics injected him with a powerful sedative.Defense attorneys countered that the two officers from a Denver suburb had no choice but to forcefully subdue McClain after he resisted them.The case now rests in the hands of twelve jurors who will decide whether Aurora officers Randy Roedema and Jason Rosenblatt are guilty of manslaughter, criminally negligent homicide and second-degree assault — all felonies. An assault conviction carries the most serious penalty, up to 16 years in prison. Officers on trial ignored Elijah McClain’s pleas of ‘I can’t breathe,’ prosecutors say “His name was Elijah McClain. He was going home,” prosecutor Duane Lyons told the jury, echoing McCla...