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Stock market today: Wall Street opens higher ahead of busy week of earnings and Fed news

Published Wed, 26 Feb 2025 06:00:23 GMT

NEW YORK (AP) — Wall Street is ticking higher in early trading to start a week full of updates on where interest rates and profits for the stock market’s most influential companies are heading. The S&P 500 was up 0.4% shortly after the opening bell Monday, coming off its eighth winning week in the last 10. The Dow was up 94 points, or 0.3%, and the Nasdaq composite was up 0.5%. Three Big Tech companies are set to report their latest earnings this week: Alphabet, Meta Platforms and Microsoft. On Wednesday the Federal Reserve holds its latest interest rate policy meeting. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.BANGKOK (AP) — World shares were mixed on Monday as investors cautiously awaited another interest rate hike by the Federal Reserve. Benchmarks rose in London, Tokyo and Frankfurt but fell in Paris and Shanghai. U.S. futures edged higher while oil prices fell.U.S. futures edged lower and oil prices also fell. The Federal Reserve is widely expected to...

Navalny associate jailed as Russian opposition crackdown continues

Published Wed, 26 Feb 2025 06:00:23 GMT

MOSCOW (AP) — An associate of imprisoned Russian opposition leader Alexei Navalny was convicted on extremism charges Monday as the Kremlin continues to crack down on political activists.Vadim Ostanin, who previously headed Navalny’s office in the southern Siberian city of Barnaul, was sentenced to nine years in a penal colony after being found guilty of organizing an extremist community and belonging to a nonprofit that “infringes on citizens’ rights,” Navalny’s team wrote on social media.Prosecutors had previously asked for the 46-year-old to be imprisoned for 11 years.Ostanin was detained in November 2021, several months after Navalny’s Foundation for Fighting Corruption and his regional offices were labeled as “extremist organizations” by the Russian government.Ostanin’s case is the latest in a string of recent convictions against regional activists linked to Navalny’s work.Lilia Chanysheva, who headed Navalny’s headquarters in the central Russian city of Ufa, was sentenced to 7 ...

Rolls Royce, Bentley vehicles stolen from Riverdale dealership; suspects sought

Published Wed, 26 Feb 2025 06:00:23 GMT

Toronto police say there are are searching for three suspects after luxury vehicles were stolen from a car dealership in Riverdale.Police responded to a theft call at the dealership near Dundas Street East and Carroll Street near Broadview Avenue around 3:45 p.m. on Saturday.Investigators say three suspects walked into the dealership and stole three vehicles:black 2021 Rolls Royce Dawn, with no licence plateblack 2022 Bentley Bentayga, with Ontario licence plate CYAA632white 2020 Rolls Royce Cullinan, with Ontario licence plate CXCY439The vehicles were last seen travelling north on Carroll Street.Police have released security camera images of the three suspects.Open Gallery3 items

Philippine president vows to defend territory, announces amnesty for rebels in key speech

Published Wed, 26 Feb 2025 06:00:23 GMT

MANILA, Philippines (AP) — Philippine President Ferdinand Marcos Jr. on Monday underscored his administration’s resolve to defend the country’s territory through diplomacy in a key speech but did not mention China, with which it has had an escalating series of conflicts in the disputed South China Sea.Marcos also announced in his state-of-the-nation speech to Congress that he would offer an amnesty to armed insurgents and would crack down on smugglers and hoarders of agricultural products, whom he blamed for steep spikes in food prices.Despite an array of problems and uncertainties sparked in part by the war in Ukraine, Marcos said the dedication and patriotism he had seen among Filipino workers in and out of government have kept him optimistic.“With this in my heart, I know that the state of the nation is sound, and is improving,” Marcos said to applause from lawmakers and top government officials in the heavily secured House of Representatives.Marcos outlined reforms pursued...

At least 17 bodies recovered after a boat capsizes in Senegal’s capital

Published Wed, 26 Feb 2025 06:00:23 GMT

DAKAR, Senegal (AP) — At least 17 people were found dead after a boat capsized in Senegal’s capital, said local officials on Monday. The bodies were discovered by the navy early in the morning and are believed to be migrants because of the type of boat they were in, said Ndeye Top Gueye, the mayor of the Ouakam neighborhood of Dakar where the bodies were found.“Because of the size and shape, we know that it’s a pirogue (a long wooden boat),” she said. While this is the first time bodies have washed up in the neighborhood migrant deaths at sea are becoming more common in Senegal, she said. “It’s not the first time, it’s the umpteenth time. The government needs to take countermeasures.” It was unclear where the people were coming from, what nationalities they were or where they were going. But the Atlantic migration route is one of the deadliest in the world, with nearly 800 people dying or going missing in the first half of 2023, according to Walking Borders a Spanish aid...

Celebrity birthdays for the week of July 30-Aug. 5

Published Wed, 26 Feb 2025 06:00:23 GMT

Celebrity birthdays for the week of July 30-Aug. 5:July 30: Blues guitarist Buddy Guy is 87. Singer Paul Anka is 82. Jazz saxophonist David Sanborn is 78. Actor William Atherton (“Die Hard” films”) is 76. Actor-turned-politician Arnold Schwarzenegger is 76. Actor Jean Reno (“The Da Vinci Code,” ″Godzilla”) is 75. Actor Ken Olin is 69. Actor Delta Burke is 67. Actor Richard Burgi (“Desperate Housewives”) is 65. Singer-songwriter Kate Bush is 65. Country singer Neal McCoy is 65. Director Richard Linklater (“Boyhood,” “Dazed and Confused”) is 63. Actor Laurence Fishburne is 62. Actor Lisa Kudrow (“Friends”) is 60. Guitarist Dwayne O’Brien of Little Texas is 60. Actor Vivica A. Fox is 59. Actor Terry Crews (“Brooklyn Nine-Nine,” ″Everybody Hates Chris”) is 55. Actor Simon Baker (“The Mentalist”) is 54. Director Christopher Nolan (“Memento,” ″Insomnia”) is 53. Actor Tom Green is 52. Drummer Brad Hargreaves of Third Eye Blind is 52. Actor Christine Taylor (“Dodgeball,” “The Brady Bunch Mo...

Presser held to address growing security concerns for street vendors

Published Wed, 26 Feb 2025 06:00:23 GMT

CHICAGO -- A presser is being held Monday morning with Alderman Sigcho-Lopez to address the community's growing security concerns for street vendors.Community members plan to discuss the challenges they face while running their businesses from crime to food licensing requirements. Over the past year, there have been a string of attacks on street vendors, some reporting they had been robbed at gunpoint multiple times.Street vendors are especially vulnerable because they work alone and usually only deal with cash. 16-year-old shot and killed over the weekend grandson of South Side pastor, activist Former Mayor Lori Lightfoot had suggested vendors go cashless to help diffuse the risk, but several vendors responded that it would not be feasible for them citing technological challenges as an obstacle. Aldermen and community leaders asked the 10th district police to step up patrol in early mornings. Volunteers also organized a citizen's patrol to provide more security. Food licensing a...

Elon Musk reveals new black and white X logo to replace Twitter's blue bird

Published Wed, 26 Feb 2025 06:00:23 GMT

LONDON (AP) — Elon Musk has unveiled a new black and white “X” logo to replace Twitter's famous blue bird as he follows through with a major rebranding of the social media platform he bought for $44 billion last year.Musk replaced his own Twitter icon with a white X on a black background and posted a picture on Monday of the design projected on Twitter’s San Francisco headquarters.The X started appearing on the top of the desktop version of Twitter on Monday, but the bird was still dominant across the phone app.Musk had asked fans for logo ideas and chose one, which he described as minimalist Art Deco, saying it “certainly will be refined.”“And soon we shall bid adieu to the twitter brand and, gradually, all the birds," Musk tweeted Sunday.The X.com web domain now redirects users to Twitter.com, Musk said. ‘Barbie’ takes box office crown while ‘Oppenheimer’ soars in historic weekend In response to questions about what tweets would be called when the rebranding ...

Jury deliberates in Kevin Spacey's sexual assault trial in London

Published Wed, 26 Feb 2025 06:00:23 GMT

LONDON (AP) — Jurors in the sexual assault trial of Kevin Spacey retired to begin deliberations on Monday on allegations against the actor by four men that date back two decades.Spacey, 63, has pleaded not guilty to nine charges, including multiple counts of sexual assault and one count of causing a person to engage in penetrative sexual activity without consent.The case went to the jury about a month after the nine men and three women were seated in Southwark Crown Court.Spacey's defense lawyer said during closing arguments last week that three of the men are liars and he suggested jurors not convict him for making a “clumsy pass” at a fourth man.The prosecutor called Spacey a “sexual bully” who took advantage of his power as a major celebrity and took what he wanted when he wanted it. The acts alleged between 2001 and 2013 range from unwanted touching to aggressive crotch-grabbing and, in one instance, performing oral sex on an unconscious man.

Chicago Firehouse Restaurant with Beyonce-themed cocktails

Published Wed, 26 Feb 2025 06:00:23 GMT

Check out the Chicago Firehouse Restaurant on WGN Weekend Morning News with Beyonce-themed cocktails.Love the WGN Morning News? We love you, too. And you can have all the hijinks delivered to your inbox every weekday morning. Sign up and subscribe to our WGN Morning News newsletter.