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US futures, global markets lower amid rate hike fears

Published Wed, 26 Feb 2025 06:37:39 GMT

BEIJING — Wall Street drifted modestly lower early Thursday amid increasing anxiety following Federal Reserve chair Jerome Powell’s warning to Congress this week that rate hikes might accelerate because upward pressure on prices has been stronger than expected.Futures for the Dow Jones Industrials slipped 0.1% and the S&P 500 fell 0.3% before the bell. The concern is that in efforts to cool inflation, the Fed and other central banks may tip the global economy into at least a brief recession. U.S. inflation edged up in January to 5.4%, well above the Fed’s target of 2%.“The risks of a higher and faster hike trajectory have risen,” Stephen Innes of SPI Asset Management said in a report. He said the Fed might be motivated by “mounting criticism” that it has “fallen behind the inflation curve.”Powell said Wednesday that Fed policymakers want to see more data before deciding on future rate hikes.A report Wednesday showed the number of job openings advertised across ...

France’s young people stand up against higher retirement age

Published Wed, 26 Feb 2025 06:37:39 GMT

PARIS (AP) — Young people in France — including some who haven’t even entered the job market yet — are protesting Thursday against the government’s push to raise the retirement age.Students blocked access to some universities and high schools, and a youth-led protest is planned in Paris as part of nationwide strikes and demonstrations against the pension bill under debate in parliament. For a generation already worried about inflation, uncertain job prospects and climate change, the retirement bill is stirring up broader questions about the value of work.“I don’t want to work all my life and be exhausted at the end,” said Djana Farhaig, a 15-year-old who blocked her Paris high school with other students during a protest action last month. “It is important for us to show that the youth is engaged for its future.”People in their teens and early 20s have taken part in protests against the retirement reform since the movement kicked off in January, but student groups and unions are seek...

Death investigation underway after 1-year-old boy found unresponsive on South Side

Published Wed, 26 Feb 2025 06:37:39 GMT

CHICAGO — A death investigation is underway after a 1-year-old boy was found unresponsive on the city's South Side.Police said the toddler was found around 9 p.m. Wednesday in the 7000 block of South Normal in Englewood. The boy was transported to Comer Children's Hospital where he was pronounced dead. The medical examiner has identified him as Dejaun Worthington. Boy, 7, dead after fire at home of Chicago firefighter ID’d Detectives are conducting a death investigation, pending autopsy results. 

Police: Rideshare passenger shot on South Side

Published Wed, 26 Feb 2025 06:37:39 GMT

CHICAGO — A man inside a rideshare vehicle was shot Wednesday night on the South Side.At around at 11 p.m., police responded to the 8100 block of South Halsted on the report of a shooting.A 27-year-old man suffered gunshot wounds to the legs after a gunman in a nearby white sedan fired shots. 2 postal service mailboxes broken into in Elmhurst The man was transported to University of Chicago Medical Center in fair condition. No suspects are in custody. Anyone with information can leave an anonymous tip at cpdtip.com.

Man stabbed on CTA Red Line after fight ensued

Published Wed, 26 Feb 2025 06:37:39 GMT

CHICAGO — A man was stabbed on the CTA Red Line in Lakeview East after a fight ensued Thursday morning. According to police, a 36-year-old man was on the train when an unknown man approached him struck him. A physical altercation ensued and the unknown individual produced a knife and stabbed the man. Police: Rideshare passenger shot on South Side The man was transported to Illinois Masonic Hospital in fair condition with several puncture wounds. Police say the unknown man fled but a weapon was recovered on the scene. There is currently no one in custody at this time and police are investigating the incident.

Former NBA player Shawn Kemp arrested on drive-by shooting charge: report

Published Wed, 26 Feb 2025 06:37:39 GMT

TACOMA, Wash. (WKBN) – Former Cleveland Cavalier Shawn Kemp has been arrested in connection with a drive-by shooting in Washington state, ESPN reported.According to the report, Kemp, 53, was booked into a Pierce County jail on Wednesday afternoon after shots were fired in an altercation that happened around 1:58 p.m. between drivers of two cars near a Tacoma mall. “One of the drivers fired off several rounds at the occupants of the other vehicle,” the Tacoma Police Department said in a statement, as reported by ESPN.No injuries were reported. Cavaliers hold off Miami Heat, 104-100 A gun was reportedly recovered, according to the Tacoma police, and the investigation is ongoing. The motives behind the alleged shooting are still unclear, ESPN reported.Kemp was charged with felony drive-by shooting.The former forward, who was nicknamed “Reign Man,” played 14 seasons in the NBA and was a six-time All-Star. He played for the Cleveland Cavaliers from 1997-2000 and also spent time wi...

Buyers' remorse: Some homeowners regret pandemic purchases

Published Wed, 26 Feb 2025 06:37:39 GMT

(NewsNation) — Some homeowners who bought their homes during the pandemic say they are starting to feel some buyer's remorse, especially those who bought their homes sight unseen. "I feel lied to and ripped off," Mikhekla Hunnicutt told NewsNation.Hunnicutt, a first-time homebuyer, bought her home in St. Louis in October 2020. Not long after moving in with her husband, they started having major plumbing issues."Toilet paper, sewage," she said. "Anytime we would run the laundry, the amount of water coming from the laundry machine would force what was in the pipes back up into the house."She said the inspection prior to the purchase of their home found problems with a sewer pipe underneath the house. The previous homeowners agreed to fix it, but Hunnicutt said the work wasn't done properly. US economy sending mixed signals: Here’s what it all means Hunnicutt said she feels angry."I'm also very tired," she said. "This has been dragging on for a couple of years now. And I'm very frus...

MoPac reopens after crash involving at least 4 people, including children

Published Wed, 26 Feb 2025 06:37:39 GMT

AUSTIN (KXAN) -- MoPac southbound has reopened after lanes were shut down between US 290 and William Cannon because of an overnight crash. Two vehicles and at least four people were involved in the crash, which happened around 2:30 a.m. The scene was cleared and road reopened just before 7:30 a.m.Austin Police said one person was transported to the hospital after the crash.Police said children were involved in the crash but did not know how many children.According to APD, four people were in one of the vehicles. APD said two are in critical condition. Police did not have information on the other two people or the occupants of the other vehicle.

The last of 'The Golden Girls' elephant trio leaves San Antonio zoo

Published Wed, 26 Feb 2025 06:37:39 GMT

SAN ANTONIO (KXAN) -- The San Antonio Zoo says its Asian elephant Nicole is heading to Tennessee to spend her remaining years at The Elephant Sanctuary. According to the zoo's March 4 Facebook post, Nicole was one of three geriatric Asian elephants called The Golden Girls. She, Karen, and Lucky were together from 2016 until Karen & Lucky died in 2022. Nicole the Elephant will spending her retirement at The Elephant Sanctuary in Tennessee. (Photo courtesy: San Antonio Zoo)Nicole the Elephant will spending her retirement at The Elephant Sanctuary in Tennessee. (Photo courtesy: San Antonio Zoo)Nicole the Elephant will spending her retirement at The Elephant Sanctuary in Tennessee. (Photo courtesy: San Antonio Zoo)Nicole the Elephant will spending her retirement at The Elephant Sanctuary in Tennessee. (Photo courtesy: San Antonio Zoo)"We are going to miss Nicole dearly," said Tim Morrow, President & CEO of San Antonio Zoo in the Facebook post. "We are grateful for the years she...

Adirondack Sports Summer Expo dates announced

Published Wed, 26 Feb 2025 06:37:39 GMT

SARATOGA SPRINGS, N.Y. (NEWS10) -- The Adirondack Sports Summer Expo has been set for Saturday, March 18, and Sunday, March 19 at the Saratoga City Center. The expo is free for everyone to attend and goes from 10 a.m. to 5 p.m. on Saturday and 10 a.m. to 4 p.m. on Sunday. Get all of the latest news, weather, sports, and entertainment delivered right to your inbox! The expo will have 200 exhibitors that cover an array of outdoor sports, such as biking, hiking, running, paddling, and more. Exhibitors will also discuss health, fitness, and travel destinations. The Saratoga City Center is located at 522 Broadway, Saratoga Springs.