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Wall Street slips after US jobs report raises rate hike fear

Published Wed, 26 Feb 2025 02:09:13 GMT

Wall Street is slipping Monday in the first trading for stocks after a report raised speculation the Federal Reserve may still tap the brakes a little harder on the economy. The S&P 500 was 0.7% lower in early trading. It did not trade on Friday, when the U.S. government said job growth across the economy remains resilient despite slowing a touch more than expected last month. The Dow and Nasdaq are also falling. Stocks were catching up to the bond market, which on Friday built expectations for the Fed to raise rates at its next meeting.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story appears below. Shares were mostly higher in Asia on Monday after a report Friday showed resilience in the U.S. jobs market. European markets were closed for Easter holidays. Benchmarks rose in Tokyo and Seoul but fell in Shanghai. Markets were closed in Hong Kong and Sydney. U.S. futures were mixed and oil prices climbed. The highly anticipated report on U.S. employment showed hiring slowed...

Police report ‘multiple casualties’ in shooting at bank building in downtown Louisville

Published Wed, 26 Feb 2025 02:09:13 GMT

LOUISVILLE, Ky. (AP) — Police report ‘multiple casualties’ in shooting at bank building in downtown Louisville.Source

Insider Q&A: Hostess Brands CEO Andy Callahan

Published Wed, 26 Feb 2025 02:09:13 GMT

Hostess Brands President and CEO Andy Callahan knows that his company __ the maker of Twinkies, HoHos and other snack cakes __ is sometimes the butt of jokes.“A lot of people think a Twinkie has a shelf life of a thousand years,” Callahan said. “It doesn’t. Once it gets to the store, it typically has to be sold within 35 days.”Callahan says a steady stream of new products, like candy bar-inspired Kazbars and miniature Baby Bundt cakes, have been key to winning over skeptics and leading them back to old favorites. “When the consumer is reintroduced to a Twinkie, they’re always delighted because of our investment in our product quality,” Callahan said.Hostess, which was founded in 1925, almost didn’t make it into the new millennium. The company filed for bankruptcy twice before private equity investors formed Hostess Brands in 2013. Callahan discussed the challenge of leading a brand with a history, as well as his service in the U.S. Navy, with The Associated Press. His comments have ...

Briny feta makes a full meal of tomatoey Greek baked beans

Published Wed, 26 Feb 2025 02:09:13 GMT

On the Greek table, vegetable dishes called ladera are not intended as mere sides. Instead, these filling meals put vegetables center stage, often involving lavish amounts of legumes braised in olive oil and tomato — plus plenty of crusty bread to sop up the juices.For that, you can thank the Orthodox Christian faith, which calls for meat- and dairy-free diets 40 days before both Easter and Christmas, as well as two weeks in August, plus every Wednesday and Friday the rest of the year. But the tradition has permeated the broader culture, with dishes such as gigantes plaki enjoyed in taverns and homes alike.This much-loved Greek dish, which is essentially a slightly more elaborate version of baked beans, braises enormous gigante white beans in a savory tomato sauce with copious extra-virgin olive oil for richness. The sauce typically is assembled on the stovetop, and once the dried gigantes are soaked and added to the sauce, the dish bubbles to completion in the oven.In this version ...

5 killed in shooting at Louisville bank building: police

Published Wed, 26 Feb 2025 02:09:13 GMT

LOUISVILLE, Ky. (AP) — Five people were killed and six others hospitalized in a shooting at a bank building Monday morning in downtown Louisville, police said.Louisville Metro Police Department Deputy Chief Paul Humphrey told reporters officers who arrived on the scene “encountered active gunshots still being fired inside the location at that time.” Does your state allow teachers to carry a gun? “The shooter was confirmed to be dead on the scene,” Humphrey said. “We do not know exactly the circumstances of his death at this time.”Witnesses who left the building told Louisville station WHAS-TV they heard gunfire inside the building.LOUISVILLE, KY - APRIL 10: Law enforcement officers respond to an active shooter near the Old National Bank building on April 10, 2023 in Louisville, Kentucky. According to initial reports, there are multiple casualties but the shooter is no longer a threat. (Photo by Luke Sharrett/Getty Images)LOUISVILLE, KY - APRIL 10: Law enforcement officers respond ...

Timothée Chalamet will do his own singing in Bob Dylan biopic

Published Wed, 26 Feb 2025 02:09:13 GMT

(CNN) — Timothée Chalamet will not be lip-syncing as he stars in an upcoming film about folk singer and songwriter, Bob Dylan.The film’s director James Mangold tells Collider of Chalamet singing Dylan’s songs, “Of course!”“It’s such an amazing time in American culture and the story of Bob — a young 19-year-old Bob Dylan coming to New York with like two dollars in his pocket and becoming a worldwide sensation within three years,” Mangold told the publication.“It’s such an interesting true story at about such an interesting moment in the American scene, different characters from Woody Guthrie to Bob Dylan, to Pete Seeger to Joan Baez, all have a role to play in this movie,” the director added.The biopic wad announced in 2020 with Chalamet attached.The movie, with the working title “A Complete Unknown,” begins filming in August.

French lawmakers will visit Taiwan, island’s foreign minister says

Published Wed, 26 Feb 2025 02:09:13 GMT

French lawmakers will visit Taiwan, the island’s foreign minister said on Monday, as China ramps up military exercises around the self-governing island. Joseph Wu said that France’s Senate and National Assembly had shown support for Taiwan and that French politicians will travel to the capital “very soon,” according to a Bloomberg report, which added the delegation is expected to travel Sunday.Taiwan’s government will “check with them to see what kind of additional support we would need,” Wu added.His comments follow French President Emmanuel Macron’s visit to China last week, during which he told POLITICO that Europe should avoid getting dragged into a confrontation between Beijing and the U.S. over Taiwan. China considers the island part of its territory, a claim rejected by Taipei. “The paradox would be that, overcome with panic, we believe we are just America’s followers,” Macron said.“The question Europeans need to answer … is it in our interest to accele...

Police say 5 killed in downtown Louisville shooting; shooter is dead; 6 others hospitalized

Published Wed, 26 Feb 2025 02:09:13 GMT

LOUISVILLE, Ky. (AP) — A shooting at a bank building in downtown Louisville on Monday morning killed five people and wounded at least six others, police said. The suspected shooter was also dead, police said.Louisville Metro Police Department Deputy Chief Paul Humphrey told reporters officers who arrived on the scene “encountered active gunshots still being fired inside the location at that time.”“The shooter was confirmed to be dead on the scene,” Humphrey said. “We do not know exactly the circumstances of his death at this time.”Witnesses who left the building told Louisville station WHAS-TV they heard gunfire inside the building.Numerous police vehicles were seen on television footage. WHAS reporters said they saw people being taken from the scene in ambulances.In a tweet, Kentucky Gov. Andy Beshear said he was heading to the scene.“Please pray for all of the families impacted and for the city of Louisville,” Beshear said.The FBI said its agents were also responding to the shooti...

Steeple will be taken down after fire tears through Cambridge church on Easter

Published Wed, 26 Feb 2025 02:09:13 GMT

The steeple of a Cambridge church will be taken down Monday after a massive, multi-alarm blaze ripped through the building on Easter Sunday.Crews could be seen using ladder trucks late into the night to fight flames that were burning inside Faith Lutheran Church on Broadway.The church’s pastor said there was no one inside the building when the fire broke out around 5:30 p.m.Officials say the fire caused a lot of damage to the church, including a partial roof collapse. Crews are still monitoring the steeple in case it collapses as well. The fire chief estimates that, at one point, there were 150 firefighters from about a dozen departments trying to put the flames out. Several firefighters suffered minor injuries, but are expected to be okay.The Rev. Robin Lutjohann said he was devastated as he watched Faith Lutheran Church go up in flames on Sunday night and called the situation “heartbreaking.”“It is a place that is loved by the community,” he said. “There’s a sign in front of the b...

State police investigating apparent truck robbery on I-93 in Canton

Published Wed, 26 Feb 2025 02:09:13 GMT

Massachusetts State Police are investigating an apparent robbery of goods from a box truck on I-93 south in Canton Monday morning.Police say a preliminary investigation indicates that the truck, a 2016 Freightliner operated by a New Jersey man, was in heavy traffic when two suspects exited a car, opened the back of the truck, and took multiple boxes reportedly containing smartphones. The suspects then re-entered the car and fled southbound, according to police. The driver of the truck was not injured.The incident remains under investigation and no additional information has been released.