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Stock market today: Asian shares are mostly higher after the Dow hits a record high, US dollar falls

Published Wed, 26 Feb 2025 08:46:43 GMT

BANGKOK (AP) — Shares are mostly higher in Asia after a powerful rally across Wall Street sent the Dow Jones Industrial Average to a record high as the Federal Reserve indicated that interest rate cuts are likely next year. Tokyo’s Nikkei 225 fell, however, as the yen gained sharply against the U.S. dollar, since a weaker dollar can hit the profits of Japanese exporters when they are brought back to Japan.The Nikkei lost 1% to 32,594.89 while the dollar slipped from about 145 yen to 141.42 yen, its lowest level in four months. The value of the dollar tends to mirror expectations for interest rates, which affect returns on certain kinds of investments. Toyota Motor Corp.’s shares fell 4.2% and Sony Corp. lost 2.3%. Honda Motor Co. shed 5.2%. Elsewhere in Asia, Hong Kong’s Hang Seng index climbed 1.1% to 16,408.26 and the Shanghai Composite index was up 0.3% at 2,977.56. A World Bank report forecast that the Chinese economy will post 5.2% annual growth this year but that i...

Collin Sexton scores season-high 26 points, Jazz beat Knicks 117-113

Published Wed, 26 Feb 2025 08:46:43 GMT

SALT LAKE CITY (AP) — Collin Sexton scored a season-high 26 points, Lauri Markannen punctuated his return to the court with 23 points and the Utah Jazz beat the New York Knicks 117-113 on Wednesday night.After missing eight games because of a strained left hamstring, Markkanen scored both inside and on the perimeter and was only slowed by a minutes restriction. In 25 minutes, Markkanen went 7 for 13 from the field, had four 3s and eight rebounds.Talen Horton-Tucker scored 13 of his 15 points for Utah in the fourth quarter, mostly coming in a 16-0 run that bridged the third and fourth quarters.Julius Randle had 32 points and 12 rebounds for New York, but only scored on two free throws in the fourth quarter. He topped 30 points for the third time in the last four games but was forced to be a passer down the stretch.Jalen Brunson scored 23 points and Donte Divincenzo added 20 for the Knicks. They have lost three in a row on the road and face four more road games on this trip.The Jazz l...

Jack Hughes scores in OT to give Devils a 2-1 win over Bruins

Published Wed, 26 Feb 2025 08:46:43 GMT

NEWARK, N.J. (AP) — When the New Jersey Devils head into overtime, Jack Hughes takes over.Hughes scored with 2:13 to play in overtime and the Devils rallied to beat the Boston Bruins 2-1 on Wednesday night despite an outstanding 34-save effort by Jeremy Swayman.The goal was Hughes’ sixth career overtime winner, and second this season. He came into the overtime without a shot on goal in the game and had five in the 2:47 of play. He played 1:57 of the extra session.“I think we gave him about 20 seconds off,” Devils coach Lindy Ruff said. “He’s got incredible glide in his skating so he can recover in a short period of time. He had a couple breathers but we knew he was ready to go. And the opportunity was there and he put it in the back of the net for us.”On the game winner, Hughes took a pass from Jesper Bratt and ripped a shot behind Swayman for his 11th goal.“Me and Bratter play so well together,” Hughes said. “We read off each other. We have not played together much in t...

Balanced Nets beat Suns 116-112, spoiling debut of Phoenix’s All-Star trio

Published Wed, 26 Feb 2025 08:46:43 GMT

PHOENIX (AP) — Cam Thomas scored 24 points, Mikal Bridges added 21 in his return to the desert and the Brooklyn Nets held on to beat the Phoenix Suns 116-112 on Wednesday night, spoiling the debut of the team’s All-Star trio.The Nets have won seven of their past nine.The Suns trailed by eight points at the break but rallied for an 88-86 lead heading into the fourth. The game stayed tight throughout the final quarter, but the Nets took the lead with about 10 minutes remaining and never gave it up.Spencer Dinwiddie hit a 3 to put the Nets up 112-106 with 1:54 left. He followed with a layup on the team’s next offensive possession and finished with 16 points.The Suns cut it to 114-112 with 28 seconds left, but Thomas hit two free throws with 3 seconds left to seal it. Thomas scored 10 points in the fourth.It was the first time this season — in the 24th game — that Phoenix’s Kevin Durant, Devin Booker and Bradley Beal played on the same night. The trio’s debut was...

Fulks scores 19 as Louisiana-Lafayette beats Eastern Kentucky 73-62

Published Wed, 26 Feb 2025 08:46:43 GMT

LAFAYETTE, La. (AP) — Themus Fulks scored 19 points and Louisiana-Lafayette beat Eastern Kentucky 73-62 on Wednesday night.Fulks had five assists and three steals for the Ragin’ Cajuns (6-4). Kobe Julien scored 17 points while going 7 of 16 from the floor, including 1 for 5 from 3-point range, and 2 for 3 from the line, and added five rebounds. Kentrell Garnett had 12 points and shot 5 for 10, including 2 for 5 from beyond the arc.Isaiah Cozart finished with 16 points, nine rebounds, two steals and four blocks for the Colonels (4-5). Devontae Blanton added 14 points and four assists for Eastern Kentucky. ___The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.Source

No. 19 Marquette beats No. 20 Creighton 76-70 in Big East Conference opener

Published Wed, 26 Feb 2025 08:46:43 GMT

MILWAUKEE (AP) — Liza Karlen had 25 points and 12 rebounds for her second double-double of the season, Mackenzie Hare added 15 points and No. 19 Marquette beat No. 20 Creighton 76-70 on Wednesday night in the Big East opener for both teams.The teams were tied at 64 with 4:28 left in the fourth quarter before Marquette pulled away by scoring on three straight possessions, two by Karlen. Creighton’s only field goal in the final four minutes came with 38 seconds remaining.Rose Nkumu and Jordan King each had 11 points for Marquette (10-0). Emma Ronsiek led Creighton (7-2) with 29 points. Molly Mogensen scored a season-high 21 points, and Lauren Jensen added 13. Morgan Maly, averaging 16.5 points, was held to four points on 2-of-13 shooting.NO. 5 TEXAS 88, ARIZONA 75TUCSON, Ariz. (AP) — Rori Harmon had 19 points, 11 assists and nine rebounds, and Taylor Jones added 16 points as Texas beat Arizona to remain unbeaten.The Longhorns (11-0) extended their best start in eight years by shooting...

Crosby moves into tie for 13th place on scoring list, Penguins outlast Canadiens 4-3 in SO

Published Wed, 26 Feb 2025 08:46:43 GMT

MONTREAL (AP) — Sidney Crosby climbed up the NHL career scoring list and Jansen Harkins scored the deciding goal in the 12th round of the shootout, lifting the Pittsburgh Penguins to a 4-3 win over the Montreal Canadiens on Wednesday night.Crosby had two goals and an assist to move past Paul Coffey and into a tie with former teammate Mark Recchi for 13th place on the NHL points list with 1,533. Jake Guentzel also scored in regulation for the Penguins, who won their second straight after a four-game skid.Erik Karlsson had two assists and Alex Nedeljkovic finished with 39 saves.David Savard, Jayden Struble and Sean Monahan scored for Montreal, which has lost eight of its last nine at home. Sam Montembeault had 27 saves.Montreal’s Nick Suzuki and Cole Caulfield and Pittsburgh’s Kris Letang and Crosby all scored on the first four attempts of the shootout. The next eight skaters couldn’t convert until Sean Monahan scored for the Canadiens and Lars Eller for the Penguins in the seventh ro...

Robinson hits eight 3s and scores career-best 28 to lead No. 18 BYU past Denver 90-74

Published Wed, 26 Feb 2025 08:46:43 GMT

PROVO, Utah (AP) — Jaxson Robinson made eight 3-pointers and scored 28 points, both career bests, to lead No. 18 BYU past Denver 90-74 on Wednesday night.Noah Waterman finished with 22 points and a career-high 14 rebounds for his first double-double with the Cougars. Spencer Johnson added 11 points, 10 rebounds and six assists.BYU (9-1) shot 50% from the field and coasted to its seventh double-digit win of the season. The Cougars had a 15-9 edge in fast-break points and a 16-9 advantage in second-chance points.Jaxon Brenchley led Denver with a career-high 21 points and seven rebounds. It was Brenchley’s first game back in his home state since joining the Pioneers as a graduate transfer from Utah. Tommy Bruner added 15 points.Denver (6-5) trailed from start to finish in its second consecutive game against a Top 25 opponent. The Pioneers shot just 22% from 3-point range.BYU scored four straight baskets to spark a 14-4 run and take a 24-12 lead midway through the first half. Gaining gr...

City of Encinitas moves forward with shopping cart ordinance to limit abandoned carts

Published Wed, 26 Feb 2025 08:46:43 GMT

ENCINITAS, Calif. -- Encinitas City Council members voted unanimously to move forward with this shopping cart ordinance Wednesday to help clean up city streets. They say the idea has gotten positive feedback from both the public and businesses.The Encinitas shopping cart ordinance would establish it’s unlawful to remove a shopping cart from private property, which is supported by state law. It takes things further by asking businesses to have identifying contact information on the carts, as well as shopping cart removal warning signs at locations and in parking lots.The ordinance would require shopping cart owners to either have a containment measure like a wheel locking system or a cart retrieval service contract. About half of businesses in Encinitas currently use this option, according to the city.Upon notification of an abandoned cart, it would be expected to be removed within 48 hours. Two San Diego universities face discrimination investigations "Not only will this assist ou...

Dismayed by Moscow’s war, Russian volunteers are joining Ukrainian ranks to fight Putin’s troops

Published Wed, 26 Feb 2025 08:46:43 GMT

KYIV, Ukraine (AP) — When Russia’s invasion of Ukraine ignited into war, back in Moscow, a young Russian who now goes by the name of Karabas was plunged into despair. Shocked by images of what was happening to Ukrainians in Russian-occupied areas, he decided to act — against Russia, his home and country.Karabas said he knew that what he was doing was drastic. He packed his bags and decided to find a way to get to Ukraine to join the ranks of Kyiv’s troops fighting Russian forces. It took him almost a year to make it happen. Today, he is part of the Siberian Battalion, a unit made up of Russians who have joined Ukrainian military ranks to fight against their homeland, hoping someday to help oust Russian President Vladimir Putin. Its members hail mostly from ethnic minorities from Russia’s far east.“I was disillusioned with my own people,” recounted Karabas, who like other fighters in the battalion spoke to The Associated Press on condition that only his military call sign be us...