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Stock market today: Wall Street buckles again under the weight of higher bond yields

Published Wed, 26 Feb 2025 09:12:34 GMT

NEW YORK (AP) — Wall Street is sinking sharply Tuesday as it focuses on the downside of a surprisingly strong job market. The S&P 500 was 1.3% lower in midday trading and nearly back to where it was in May. The Dow Jones Industrial Average was down 371 points, or 1.1%, at 33,062, as of 11:16 a.m. Eastern time, and the Nasdaq composite was 1.7% lower.Stocks fell as the pressure on them cranked even higher from rising Treasury yields in the bond market. Such weight has been the main reason the stock market has lost more than 40% of its value since the end of July, after charging higher for much of the year. The 10-year Treasury yield climbed again Tuesday, up to 4.76% from 4.69% late Monday and from just 0.50% early in the pandemic. It’s near its highest level since 2007 and rose after a report showed U.S. employers have many more job openings than expected.When bonds are paying so much more in interest, they pull investment dollars away from stocks and other investments prone to ...

¿Qué lesión tiene Lionel Messi? Incertidumbre por el estado físico del argentino

Published Wed, 26 Feb 2025 09:12:34 GMT

(CNN Español) — La última vez que se vio a Lionel Messi disputar minutos en cancha fue el pasado miércoles 20 de septiembre, cuando el Inter Miami se enfrentó al Toronto en partido correspondiente a la MLS.El encuentro terminó con una contundente victoria 4-0 para el cuadro dirigido por Gerardo “Tata” Martino. Sin embargo, ese triunfo se vio completamente eclipsado por la salida temprana Messi.Al minuto 37 del primer tiempo, el astro argentino dejó el terreno de juego y fue sustituido por Robert Taylor. (Para la muy mala suerte del Inter, apenas tres minutos antes también había salido lesionado el defensa español Jordi Alba).37’ | #PubSub x @PublixIN: R. Taylor OUT: L. Messi#MIAvTOR pic.twitter.com/M38Wciu6hh— Inter Miami CF (@InterMiamiCF) September 21, 2023Desde entonces, el estado físico de Messi es pura incertidumbre.Al día siguiente del partido contra Toronto, el “Tata” Martino estuvo en conferencia de prensa y pareció apagar las alarmas respecto a...

Deion Sanders talks after Colorado's 0-2 start to Pac-12 play

Published Wed, 26 Feb 2025 09:12:34 GMT

DENVER (KDVR) -- The University of Colorado Buffaloes started the season hot with three wins, but since beginning conference play the team has yet to come out on top.The Buffs played Oregon two weeks ago and lost that game 42-6. This past weekend's game against USC was closer, but the Trojans still came out on top 48-41. No. 8 USC withstands late Colorado rally for 48-41 win This week the team travels to Tempe for a matchup against the Arizona State University Sun Devils. Unlike the prior two games, in which Colorado was a multi-touchdown underdog, the Buffs are favored over ASU by 4.5 points according to betting site DraftKings Sportsbook.During a news conference Tuesday morning, Buffaloes head coach Deion Sanders is expected to address the team's losses against Pac-12 opponents this season and look ahead to the game upcoming on Saturday.Sanders is also likely to address injuries including Travis Hunter and Shilo Sanders.Coach Prime, as Sanders has been nicknamed, is scheduled t...

Surveillance video released in fatal Oakland Park shooting

Published Wed, 26 Feb 2025 09:12:34 GMT

Detectives from the Broward Sheriff’s Office Homicide Unit have released surveillance footage in connection with a fatal shooting in Oakland Park.The incident unfolded shortly before 8 p.m. on Thursday, Sept. 14, in the vicinity of the 3000 block of West Oakland Park Boulevard. According to investigators, BSO Oakland Park District deputies were responding to a disturbance call at a local flea market, which was linked to a music video shoot. While at the scene, deputies heard multiple gunshots coming from a nearby gas station, unrelated to the ongoing music video production. At the nearby gas station, deputies discovered two victims suffering from gunshot wounds.Oakland Park Fire Rescue responded and pronounced one of the victims, later identified as 36-year-old Anthony Dennis, deceased at the scene, while the other was transported to a nearby hospital.Witnesses told investigators that several individuals had approached the victims moments before the shooting. These suspects reported...

Police: Boy riding bike to school fatally struck by van in Miami Gardens

Published Wed, 26 Feb 2025 09:12:34 GMT

A boy riding his bicycle to school was struck and killed by a white van early this morning in Miami Gardens, according to police. The Miami Gardens Police Department responded to the scene, located in the 200 block of NW 199th Street, following the report of a pedestrian hit around 6:30 a.m. The young bicyclist was struck by the van while in the roadway. The driver of the white van remained at the scene and cooperated with authorities.Miami-Dade Fire Rescue personnel rushed to the scene and subsequently airlifted the juvenile pedestrian to a local hospital, where he was pronounced deceased.

Rest of hurricane season in ‘uncharted waters’ because of El Niño, record ocean temperatures

Published Wed, 26 Feb 2025 09:12:34 GMT

(CNN) — Experts fear an already active hurricane season could come to an eventful and exceptional end as unusually warm, storm-boosting ocean temperatures and a slow-to-emerge El Niño combine.The Atlantic season and its 18 named storms has already been above average, according to Phil Klotzbach, a hurricane researcher with Colorado State University.But October usually signals changes in activity and the areas where storms form. The first half of October is typically the final stretch of the busiest time of the Atlantic hurricane season.The number of storms usually begins to drop off quickly toward the end of October and craters by the time the season ends on November 30.Storms that do form typically do so in areas that are much too close for comfort – in the Gulf of Mexico, near the Bahamas and the western Caribbean – rather than in the open Atlantic, where storms like Category 5 Hurricane Lee formed earlier this year.This means places like Florida, which was devastated by Category ...

Biden calls allies amid concerns over support for Ukraine

Published Wed, 26 Feb 2025 09:12:34 GMT

President Joe Biden convened a call with world leaders Tuesday, the White House said, in an effort to reassure allies about U.S. support for Ukraine after Congress passed a short-term government funding bill that did not include aid for the warring country.The call comes amid concern from the Pentagon about dwindling resources available to send to Ukraine as the country looks to drive Russian forces out of its territory. The Defense Department still has $5.4 billion worth of weapons available to send to Ukraine, but is fast running out of money to replenish its own stockpiles.Leaders of several countries joined the call with Biden Tuesday, according to the White House, including Canadian Prime Minister Justin Trudeau, German Chancellor Olaf Scholz, Italian Prime Minister Giorgia Meloni, Japanese Prime Minister Fumio Kishida, Polish President Andrzej Duda, Romanian President Klaus Iohannis, and U.K. Prime Minister Rishi Sunak. French Foreign Minister Catherine Colonna also joine...

Revealed: Joe Biden and Rishi Sunak seek UK/US trade pact before 2024 elections

Published Wed, 26 Feb 2025 09:12:34 GMT

LONDON — President Joe Biden and Prime Minister Rishi Sunak are preparing a “foundational” U.S. / U.K. trade agreement designed to be wrapped up before both men face re-election next year, documents leaked to POLITICO show.The negotiations are scheduled to start this month with the initial set of chapters wrapped up by spring of next year, according to a draft plan prepared by the United States Trade Representative’s (USTR) office in late August.The outline deal set out in the papers does not contain the market access commitments required for a formal free trade agreement in the eyes of the World Trade Organization. But the proposed agreement would go much further than anything considered in public so far, with USTR proposing to deal with thorny issues like agriculture across 11 chapters which also include labor right, the environment, supply chains, regulation of services, digital trade documents and others.“We’re discussing and considering a range of things, but all is very much i...

Britain’s Tories are raging against 15-minute cities

Published Wed, 26 Feb 2025 09:12:34 GMT

This article is part of POLITICO’s Global Policy Lab: Living Cities, a collaborative journalism project exploring the future of cities. Sign up here.LONDON — In the push to close a yawning polling deficit, Britain’s Conservatives have conjured an unlikely nemesis: easily accessible amenities.15-minute cities are an urban planning concept designed to ensure day-to-day services like banks, pharmacies and supermarkets are all within a 15-minute walk or cycle of residents’ homes.Advocates argue such planning improves public health and wellbeing, and can help the environment by cutting dependency on vehicles.But the governing party — facing a bruising election next year — leapt on opposition in a bid to show it’s on the side of motorists. In doing so, some observers fear it’s playing right into the hands of conspiracy theorists — and may not scoop up votes, either. “This language is lifted directly from the conspiracist movement. It is hard to see who it...

5 tips to get primed and ready for Amazon’s October Prime Day

Published Wed, 26 Feb 2025 09:12:34 GMT

By Tommy Tindall | NerdWalletAmazon’s Prime Big Deal Days event is next week: Oct. 10-11. Call it “Prime Day 2.0” if you agree the name doesn’t roll off the tongue. The event promises another round of lowered prices on all sorts of products and an opportunity to cross-shop competing retailers.October sales at a glanceBlack Friday in October may be Amazon’s idea, but other retailers aren’t to be out-dollared. Here’s a rundown of the deal dates and some need-to-knows.Target Circle Week is already on, running Oct. 1-7.Deals are exclusive to Target Circle members, but Circle is free to join and use.Get discounts online or in-store on items ranging from toys and kitchen supplies to everyday essentials like diapers and wipes.Walmart’s Deals Holiday Kickoff begins at 7 p.m. ET on Oct. 9 and runs through Oct. 12.This sale isn’t exclusive to Walmart+ members, so all shoppers can access the deals.Expect discounts on giftable items like electronics, apparel, home decor and more.Ama...