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Stock market today: Wall Street drifts lower as pressure from the bond market stays high

Published Wed, 26 Feb 2025 04:26:34 GMT

NEW YORK (AP) — Wall Street is drifting lower Thursday, as pressure from the bond market remains high due to worries about a too-hot U.S. job market. The S&P 500 was 0.4% lower in morning trading, the latest stumble in what’s been an ugly run since the start of August. The Dow Jones Industrial Average was down 31 points, or 0.1%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 0.6% lower.Stocks have struggled since the summer under the weight of soaring Treasury yields in the bond market, which undercut stock prices and crimp corporate profits. Yields have leaped as traders acquiesce to a new normal where the Federal Reserve is likely to keep its main interest rate at a high level for a long time, as it tries to extinguish high inflation.Treasury yields wavered up and down Thursday after a report showed fewer U.S. workers applied for unemployment benefits last week than economists expected. That’s a sign fewer workers are getting laid off than expected, which i...

Prosecutors investigating the Venice bus crash are questioning survivors and examining the guardrail

Published Wed, 26 Feb 2025 04:26:34 GMT

MILAN (AP) — Prosecutors in Italy said Thursday they have ordered an expert examination of an overpass guardrail that gave way when struck by a shuttle bus that plunged nearly 10 meters to the ground earlier this week, killing 20 foreign tourists and the driver. Prosecutor Bruno Cherchi told reporters that the guardrail is one of the pieces of evidence being examined, along with witness testimony and video from both the scene and inside the bus and the vehicle’s data recording device. Some of the possible causes floated for the crash include the driver being struck by a sudden illness, or making a risky maneuver. Authorities also plan to do an autopsy on the driver, and examine his cell phone. Nine Ukrainians were among the tourists killed, along with four Romanians, three Germans, two Portuguese, one Croat and one South African. All had been sightseeing in Venice and were traveling on a shuttle back to a campground on the Venetian mainland when the accident occurred.“We are talking...

Victoria ’embraces adventure,’ for top spot on Condé Nast list of world’s best cities

Published Wed, 26 Feb 2025 04:26:34 GMT

An award-winning travel magazine says British Columbia’s capital city tops its 2023 list of the world’s best cities.Condé Nast Traveller, a luxury and lifestyle travel magazine, says Victoria captured top marks in its annual Readers’ Choice Awards of top cities.Victoria and Mexico’s San Miguel de Allende, which ranked sixth, were the only cities in North America to make the list.Condé Nast Traveller says Victoria’s restaurant and nightlife scene is “something to be celebrated,” while the city “embraces adventure,” and “draws outdoorsy types.”Readers gave Victoria, San Sebastián in Spain, and Singapore the top three spots on the list, followed by Tokyo, Seoul, San Miguel de Allende, Cape Town, Sydney, Copenhagen and Oslo.Condé Nast, which publishes numerous magazines, including Vogue, GQ and The New Yorker, says its Traveller magazine reaches more than 20 million print and web readers every month and more than 40 milli...

German prosecutors are investigating whether a leader of the far-right AfD party was assaulted

Published Wed, 26 Feb 2025 04:26:34 GMT

BERLIN (AP) — German prosecutors said Thursday they have launched an investigation into the alleged assault of a co-leader of the far-right Alternative for Germany party at an election rally.Tino Chrupalla was given medical treatment and then taken to a hospital shortly before he was due to speak at an election rally in Bavaria on Wednesday.German prosecutors in the city of Ingolstadt and German police said in a joint statement on Thursday that several people took selfies together with Chrupalla at the event on Wednesday, which led to “slight physical contact.” There were no indications yet that Chrupalla was attacked, the statement said.As Chrupalla walked toward the stage where he was due to speak, he said he felt “pain in the upper arm.”“Due to further medical discomfort, Mr. Chrupalla was taken to the clinic in Ingolstadt for medical care. A superficial redness or swelling was detected. Any additional tests that have been conducted so far have been within normal limits,” the sta...

Sooners QB Gabriel leads No. 12 Oklahoma into annual grudge match with No. 3 Texas in Dallas

Published Wed, 26 Feb 2025 04:26:34 GMT

No. 12 Oklahoma (5-0, 2-0 Big 12) vs. No. 3 Texas (5-0, 2-0) in Dallas, Saturday, 12 p.m. ET (ABC)Line: Texas by 6 1/2, according to FanDuel Sportsbook. Series record: Texas leads 63-50-5.WHAT’S AT STAKE?The rivals were expected to challenge each other for the Big 12 title this season and the winner gets the inside track to the conference championship game. The winner also hits the halfway point in the season eyeing the College Football Playoff. Both teams are undefeated in this matchup for the first time since 2011. It is also the last year of the rivalry in the Big 12. Both programs will be in the Southeastern Conference in 2024.KEY MATCHUPTexas quarterback Quinn Ewers’ new run game against Oklahoma linebacker Danny Stutsman. Ewers’ ability to run this season is a new weapon in the Longhorns offense. He has touchdown runs of 29 and 30 yards the last two weeks, and five TDs overall this season. Stutsman is the do-everything player for the resurgent Sooners defense, and ...

Four bridge-building playwrights make short list for $75,000 Siminovitch Prize

Published Wed, 26 Feb 2025 04:26:34 GMT

TORONTO — Four playwrights who bridge divides on stage and off have been shortlisted for the $75,000 Siminovitch Prize. It’s Canada’s biggest theatre purse, and it goes to an artist whose work helps transform the country’s theatre scene.This year’s list of finalists includes d’bi.young anitafrika of Brampton, Ont., who is committed to creating work that centres Black queer feminist theatrical forms, and who has also dedicated time and energy to mentoring other theatre artists.Francophone playwright Mishka Lavigne of Gatineau, Que., also made the short list, for work in French and English. Jurors say St. John’s, N.L., artist Berni Stapleton made the list for her “bold and unyielding commitment” to portraying women and girls from her province on stage and “making a place for them and gender nonconformists in the canon.”Rounding out the short list is David Yee of Toronto, who jurors praise for both his artistic range and commitment ...

US officials bring concerns about migration to Mexico meetings

Published Wed, 26 Feb 2025 04:26:34 GMT

MEXICO CITY (AP) — U.S. officials worried by rising migration took their concerns south of the border this week with separate trips to Mexico City by high-level Biden administration officials and New York City’s mayor.U.S. Secretary of State Antony Blinken discussed migration with his Mexican counterpart Alicia Bárcena, as well as foreign ministers from Panama and Colombia, Wednesday. Talks were scheduled to continue Thursday, including a meeting between U.S. Attorney General Merrick Garland and President Andrés Manuel López Obrador.New York City Mayor Eric Adams is traveling through Latin America to learn more about the paths migrants take to the U.S. and to spread a message about the realities of arriving in his city.He was scheduled to meet with a nun running a migrant shelter in Mexico City Thursday morning before heading to the city of Puebla, source of many of the Mexican migrants who arrive in New York, to meet with migrants and community leaders there.In a press confer...

PHOTOS: O'Hare unveils new art collection in Terminal 5

Published Wed, 26 Feb 2025 04:26:34 GMT

CHICAGO — The city's largest art acquisition in the last 30 years, exclusively done by Chicago artists, has been unveiled inside O'Hare's Terminal 5.The $3.5 million public art commission, led by Chicago’s Department of Cultural Affairs and Special Events (DCASE) and the Chicago Department of Aviation (CDA), was recently installed with a few more pieces awaiting installation.The new project at Terminal 5 joins recently completed projects at the O’Hare Multi-Modal Facility (MMF).In April, the airport unveiled "REACH" — which is a sculpture consisting of two arms and hands, approximately 27 and 31 feet long. It's located in the North Escalator Hall of the Multi-Modal Facility. PHOTOS: New ‘REACH’ sculpture opens at O’Hare Multi-modal Facility "Public art tells the story of our city—its beauty, its resilience, the soul of Chicago,” said Mayor Brandon Johnson. “We’re proud to share Chicago’s story and the power of the arts with visitors from across the globe—at O’Hare and in diverse c...

Former Northwestern coach Pat Fitzgerald expected to sue university

Published Wed, 26 Feb 2025 04:26:34 GMT

CHICAGO — Attorneys for former Northwestern University football coach Pat Fitzgerald are expected to file a muti-million dollar lawsuit against the school on Thursday.The lawsuit will claim breach of contract.Fitzgerald was fired after an investigation into hazing allegations in the football program, even though it found he did not play a role.Fitzgerald is reportedly seeking more thank $40 million for his existing contract, and more money for lost coaching income that he would have received. Pat Fitzgerald will work with another football team this fall A press conference announcing the lawsuit is scheduled for 10:30 a.m. Thursday.

Trailer park urges residents not to talk about 13-foot cat-eating python

Published Wed, 26 Feb 2025 04:26:34 GMT

OKLAHOMA CITY (KFOR) - Management of a south Oklahoma City mobile home park urged its residents this week not to speak out about a 13-foot-long cat-eating albino python still in the neighborhood. Residents of Burntwood Mobile Home Park claim the park's management knew about the python since June and did nothing. (Photo by anonymous resident of Burntwood Mobile Home Park)"The only reason they finally did something was because a resident snapped a picture of it," said a resident wanting to remain anonymous in fear of eviction from management. He had been living in the park for 10 years. "Them sending out a warning to us to not talk to media, it's intimidation all the way."Over the last couple of months, residents say they have been concerned by the number of cats missing from the neighborhood. Then a picture of the yellow albino python slithering near one of the homes gained traction online. The snake was originally thought to be 5 feet long and a ball python. But when an expert was h...