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5 biggest things Fed Chair Powell said about the banking crisis

Published Wed, 26 Feb 2025 01:58:54 GMT

Federal Reserve Chair Jerome Powell announced a 0.25 percentage point rate hike on Wednesday after a closely watched meeting of the central bank’s rate-setting committee, which many analysts had been hoping would result in a pause.Prioritizing concerns about inflation over recent instability in the banking sector, which has spurred interventions from both the government and larger U.S. banks, Powell called the financial sector “sound and resilient.”But he also dropped some hints that things may not be as peaceful as they appear on the surface and as government officials have been saying they are. Treasury Secretary Janet Yellen told a banking group this week financial conditions were stabilizing.Powell also acknowledged that the failure of Silicon Valley Bank (SVB) that sparked the wider crisis in the banking industry happened despite the engagement of the Fed’s supervisory regulators.Still rising: Fed hikes rates despite concerns over banking crisisHere’s a recap of the most import...

The Sk8 Show Vacancy Gallery, taking place Saturday, Mar. 25

Published Wed, 26 Feb 2025 01:58:54 GMT

ST. LOUIS - Happening this weekend, is a unique art at the Vacancy Gallery at the City Foundry.The Sk8 Show will have an array of artwork surrounding skateboards from 20+ local creators. They're expected to have over 50 skateboards at the event, plus paintings and apparel. Trending: Major St. Louis hotel sits empty for nearly a decade FOX 2's Mallory Thomas spoke with Artist and Head Curator of the Vacancy Gallery, Rafi Katz, about what to expect.

Denver weather: Breezy, warm, possible rain and snow Thursday evening

Published Wed, 26 Feb 2025 01:58:54 GMT

Denver residents face a breezy day with a high temperature of around 51 degrees Thursday before clouds increase and bring possible rain and snow, according to the National Weather Service.Night low temperatures are expected to decrease to 29 degrees Thursday. On Friday, more snow was expected but with little or no accumulation, weather service forecasters said.Mountain snow showers were expected to ease Thursday morning, then resume by the afternoon. And those storms may roll into metro Denver, bringing rain to the city and eastward onto the eastern high plains Thursday evening, the weather service said, shifting to snow Thursday night.Thursday morning, weather service forecasters posted a warning to watch out for fog on roads north of metro Denver in eastern Boulder and southwestern Weld counties with visibility reduced to 50 feet or less. “Use low beams and slow down,” the weather service advised.Watch out for dense fog across Eastern Boulder and southwest Weld countie...

How Jamal Murray lit a halftime fire under the Nuggets: “We need our guys to speak”

Published Wed, 26 Feb 2025 01:58:54 GMT

WASHINGTON, D.C. – Nuggets coach Michael Malone was frustrated and dumbfounded before he perked up at the sound of cuss words.On the way back to the halftime locker room Wednesday night, after the Nuggets had sleep-walked through the first two quarters and were actually down two to the hometown Wizards, Malone trailed Jamal Murray in the hallway when he heard some encouraging words.“We’re (BS-ing) right now,” Malone recounted hearing from his star point guard after the Nuggets bludgeoned Washington in the second half to seize a 118-104 win.Malone heard his fiery playmaker raise his voice and question the effort and intensity they’d just displayed.With nine games left in the regular season, the first half was hardly the type of basketball that would engender any optimism heading into the playoffs. And yet, Malone was heartened by the fact that one of his two star players felt compelled to raise their voice and criticize.“I thought he was a leader tonight,” Malone said. “… We need our...

'My second tow truck this month': Potholes a recurring headache for Southern California drivers

Published Wed, 26 Feb 2025 01:58:54 GMT

After months of rainstorms and flooding, potholes have appeared or worsened on Southern California streets and freeways, damaging vehicles and snarling traffic.Multiple cars were damaged on the 210 Freeway Wednesday night near the Baldwin Avenue exit, just hours after similar issues that morning.A driver named Adam said his family has experienced multiple issues with potholes on the freeway."They patch it, and it goes away," he said. "More potholes. My wife had one this month earlier, so this is my second tow truck this month on the 210 Freeway, and it probably won't be the last, so that is really frustrating."Earlier this week, the 71 Freeway in Pomona experienced similar issues near the Holt Avenue exit.Repairing the damage done by potholes can be costly — about $600, according to AAA — and while that is usually covered by car insurance, it may not be worth filing a claim if you have a high deductible. Instead, drivers can file a claim with the government. Caltrans, which handles...

Forever Endeavor — Genevieve Artadi’s Forever Forever is a love album for the ages

Published Wed, 26 Feb 2025 01:58:54 GMT

Forever Endeavor: The last time we spoke to L.A. artist Genevieve Artadi was in August 2020. The pandemic was six months in and still raging, and showing no signs of letting up. Concerts were on hold, along with the rest of our lives. The whole thing feels like a fever dream.Artadi had just released the Dizzy Strange Summer album which, while written prior to the pandemic, offered an ideal soundtrack to the trauma. It felt both relevant and soothing. The new album Forever Forever is different but similar in that regard.“I recorded the album in Mexico,” Artadi says, via a phone interview. “We went to this beautiful studio called El Desierto, and it’s just the most gorgeous place ever. But we had to cut the first session short because we got COVID. We went home, and recorded the rest of the album. Because we were on such a time crunch and I wanted it to have a live feeling, and a unified sound which is really different from Dizzy Strange Summer, we were recording things three people a...

Five CBD Gummies Worth Trying

Published Wed, 26 Feb 2025 01:58:54 GMT

View the original article about Five CBD Gummies Worth Trying at Real Tested CBD.Everyone seems to love a sweet or sour fruity treat in the form of a gummy. So why not make that gummy even better with a little CBD?Many people are choosing CBD gummies as their preferred method of consumption these days, and it’s no wonder why. CBD gummies offer a tasty and perfectly dosed way to get you CBD. They are easy to take on the go and can be discrete. If you haven’t tried CBD gummies yet but are curious to try, read on for five CBD gummies worth giving a try and why.What Is CBD?Cannabidiol, or CBD, is one of many cannabinoids or naturally occurring compounds in hemp and cannabis plants. CBD produced and sold in the U.S. today is made with hemp plants that have a THC threshold of 0.3% or less. THC is another well-known cannabinoid most often associated with marijuana.Though both THC and CBD are cannabinoids, CBD is not psychoactive or intoxicating like THC can be. CBD can have effects on the ...

Pac-12 WBB: Our predictions for Colorado, Utah and UCLA in the Sweet 16

Published Wed, 26 Feb 2025 01:58:54 GMT

Two of the four No. 1 seeds, Stanford and Indiana, failed to survive the first week of the NCAA Tournament.Will the two remaining, South Carolina and Virginia Tech, make it through the second week to reach the Final Four in Dallas?Or will land mines ahead claim at least one more No. 1 by the conclusion of the regionals Monday in Greenville, S.C., and Seattle?The Pac-12 enters the Sweet 16 without Stanford for the first time since 2007 but with three second-round winners: Utah, the regular season co-champion, plus UCLA and Colorado.The No. 2 Utes are slight seeding favorites over No. 3 LSU but a 5-point betting underdog. Defending national champion South Carolina is a decided favorite over No. 4 UCLA while No. 2 seed Iowa is a 5.5-point favorite over No. 6 seed Colorado.So it would take an upset — as defined by the oddsmakers — for the Pac-12 to advance a team to the Elite Eight, something it has accomplished every year since 2016.The Pac-12 last went without a Final Four...

7 fantastic Bay Area things to do this weekend, March 24-26

Published Wed, 26 Feb 2025 01:58:54 GMT

Got your weekend plans? We are here for you on that front, with details on compelling new movies and shows as well as some awesome ways to have fun in Sonoma Valley. So let’s get to it, shall we?As with everything these days, be sure to double check websites for any last-minute changes in health guidelines. Meanwhile, if you’d like to have this Weekender lineup delivered to your inbox every Thursday morning for free, just sign up at www.mercurynews.com/newsletters or www.eastbaytimes.com/newsletters.1 WATCH: A racy ‘Great Expectations’?An edgy new adaptation of Charles Dickens’ classic 19th-century novel finds Pip getting a somewhat more visceral education, if you catch our drift. It tops our list of new shows and movies you should watch this weekend. Also on the list is “A Good Person,” Zach Braff’s new tragicomedy starring Florence Pugh and Morgan Freeman which, he tells us, he had a brutal time directing.The sculpture grove at Santa...

Prescription for housing? California wants Medicaid to cover 6 months of rent

Published Wed, 26 Feb 2025 01:58:54 GMT

By Angela Hart | Kaiser Health NewsSACRAMENTO  — Gov. Gavin Newsom, whose administration is struggling to contain a worsening homelessness crisis despite record spending, is trying something bold: tapping federal health care funding to cover rent for homeless people and those at risk of losing their housing.States are barred from using federal Medicaid dollars to pay directly for rent, but California’s governor is asking the administration of President Joe Biden, a fellow Democrat, to authorize a new program called “transitional rent,” which would provide up to six months of rent or temporary housing for low-income enrollees who rely on the state’s health care safety net — a new initiative in his arsenal of programs to fight and prevent homelessness.“I’ve been talking to the president. We cannot do this alone,” Newsom told KHN.The governor is pushing California’s version of Medicaid, called Medi-Cal, to fund experimental housing subsidies for homeless people, betting that it’s cheap...