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Stock market today: Wall Street stays mixed, bond yields spike after Fed updates rate outlook

Published Sat, 22 Feb 2025 11:00:38 GMT

NEW YORK (AP) — Stocks was mixed and Treasury yields snapped higher after the Federal Reserve pulled back on its estimates of how much it expected to cut interest rates next year. The central bank kept its benchmark rate intact Wednesday, as expected, but it also said it now projects just a half a percentage point of cuts next year. In June, it had expected a full percentage point. The Fed has been aggressively raising interest rates for more than a year to fight inflation. The S&P 500 was 0.1% lower after the announcement. The yield on the two-year Treasury note spiked to 5.13%. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.NEW YORK (AP) — Stocks are drifting Wednesday as Wall Street waits to see the Federal Reserve’s latest forecasts for where interest rates may be heading.The S&P 500 was 0.2% higher in afternoon trading, continuing a quiet run this week where markets have made few big moves ahead of the Fed. The Dow Jones Industrial Average was up 202 p...

Por segunda vez, la Reserva Federal deja sin cambios las tasas de interés en EEUU

Published Sat, 22 Feb 2025 11:00:38 GMT

La Reserva Federal dejó sin cambios las tasas de interés en Estados Unidos este miércoles mientras espera ver si su serie histórica de aumentos de los últimos 18 meses permitirá controlar la inflación.El banco central dejó su principal tasa en el rango del 5.25% al 5.50%, citando un alivio de las condiciones económicas, al tiempo que reconoció que la inflación sigue siendo superior a su objetivo del 2%.La Reserva Federal había elevado las tasas de interés a un ritmo históricamente rápido, ya que aumentó su tasa principal en 11 reuniones consecutivas desde marzo del año pasado hasta su reunión de julio. La Reserva Federal parece estar inclinada a no modificar las tasas de interés esta semana La inflación se situó en 3.2% en julio, en una señal de que los altos precios persistirán Lo hizo para tratar de controlar la inflación, cuando los precios al consumidor en Estados Unidos comenzaron a dispararse a fines de 2021 y alcanzaron máx...

'You couldn't have scripted this': Sunglass company founder talks about Coach Prime

Published Sat, 22 Feb 2025 11:00:38 GMT

SAN DIEGO (KSWB) -- Deion Sanders, also known as Coach Prime, has taken college football by storm this year as head coach of the University of Colorado Boulder.The polarizing former NFL star is not afraid to let others know what's on his mind both on and off the field. Deion Sanders makes most of rival coach’s comments about sunglasses and hat But did you know that Sanders' wardrobe is catching the eyes across the country? Sanders' shades are actually from a sunglasses and eyewear store called Blenders in San Diego."This has been the craziest week of my life, hands down," said Chase Fisher, founder and CEO of Blenders, during an interview with FOX 5. "I feel like I've been shot out of a cannon and like landed in this new universe with all of these new opportunities, it's unbelievable."Prior to Colorado's dramatic win over Colorado State in an intense rivalry game on Saturday, Colorado State head football coach Jay Norvell took a shot at Sanders, saying he (Norvell) talks to adults...

Colorado Oktoberfest and fall beers to try this season

Published Sat, 22 Feb 2025 11:00:38 GMT

DENVER (KDVR) -- Coloradans love beer, and the Mile High City is one of the top cities in the U.S. when it comes to craft beer. One benefit of cooler weather on the way is the beer varieties it brings to Colorado's many breweries, like Oktoberfest lagers, pumpkin spice beers and apple pie sour ales. Top spots to drink local hard cider around Denver Here are some Oktoberfest and fall-flavored beers brewed here in Colorado, a majority of which will be available at the Great American Beer Festival this weekend.Local Oktoberfest beersWibby Brewing: Wibtoberfest, ABV 5.4%Upslope Brewing Company: Oktoberfest Fesbier Lager, ABV 5.5%Telluride Brewing Company: Oktoberfish, ABV 6.2%Ska Brewing Company: Oktoberfest, ABV 6.1%Rock Bottom Brewery: Rocktoberfest, ABV 6.1%Old 121 Brewhouse: Oktoberfest, ABV 6.2%Mythmaker Brewing: Oktoberfest, ABV 5.8% Lone Tree Brewing Company: Oktoberfest, ABV 5.6%Living the Dream Brewing Company: Oktoberfest, ABV 5.9%Left Hand Brewing Company: Oktoberfest,...

Coast Guard offloads over $160 million worth of cocaine in Miami

Published Sat, 22 Feb 2025 11:00:38 GMT

The crew of United States Coast Guard Cutter Confidence offloaded more than 12,100 pounds of cocaine worth more than $160 million in Miami, Tuesday.Officials said the USCG and partner agency crews interdicted the illegal drugs during nine separate cases in the international waters of the Caribbean Sea.  “Our team worked extremely hard, day-in and day-out, to stop illicit narcotics from reaching the United States,” said Cmdr. Thomas Martin, commanding officer of Confidence. “I am honored to serve with such a proficient crew and share in their success.” Courtesy United States Coast GuardCourtesy United States Coast GuardThe following assets and agencies were involved in the multiple interdictions: USCG Cutter Confidence (WMEC 619) USCG Cutter Valiant (WMEC 621) USCG Tactical Law Enforcement Team – Pacific  Royal Netherlands Navy Ship HNLMS Groningen (P843) Royal British Navy Ship HMS Dauntless (D33) U.S. Customs and Border Protection,...

Miami man shot by police while firing a rifle to celebrate a new gun law has been arrested, police say

Published Sat, 22 Feb 2025 11:00:38 GMT

MIAMI (AP) — A South Florida man who was shot by police as he fired a rifle into the air to celebrate the state’s new open-carry gun law has been booked into jail after spending more than two months in the hospital, authorities said.Christian Labaut, 37, of Miami, was booked into the Miami-Dade County jail on Friday on 53 total charges, including felony counts of assault with a deadly weapon, resisting an officer with violence and possession of a short-barrel rifle, and 48 misdemeanor counts of discharging a weapon in public, according to court records.Officers responded to an apartment complex on July 7 where they found a man in body armor firing a gun into the air, according to a Miami police arrest report. Witnesses later told officers that the man claimed he was celebrating the new law that went into effect on July 1.An officer ordered the man to stop shooting and show his hands, but the man tried to run away, police said. The man turned his body toward the officer while t...

Ed Miliband: I’d relish fighting an election on net zero

Published Sat, 22 Feb 2025 11:00:38 GMT

LONDON — Shadow climate secretary Ed Miliband said he “relishes” the prospect of fighting an election on net zero, as Rishi Sunak accused politicians of not being straight with the public about the cost.Speaking at the launch of POLITICO Pro Energy & Climate U.K., Miliband said Labour would ask people who they trust most to implement a fair transition to a lower-carbon economy. “I relish the prospect of going toe to toe with this government on saying who can make this transition work economically for the British people,” he said. “The idea that Rishi Sunak, who is seen as out of touch with the biggest cost of living crisis in a generation, is the answer … I mean, come off it, frankly.”He told POLITICO the Labour Party would revert to a 2030 deadline for banning sales of new petrol and diesel cars, which Sunak announced Monday would be shifted to 2035.On the transition from gas boilers to heat pumps, Miliband said only that Labour would come up with a plan before the ne...

Zelenskyy trashes the UN for not doing enough against Russia

Published Sat, 22 Feb 2025 11:00:38 GMT

Ukrainian President Volodymyr Zelenskyy slammed the United Nations’ ineffectiveness in the face of Russia’s war on Kyiv in a tension-filled special session of the U.N. Security Council on Wednesday.And that was just the start of what was likely to be a multi-hour meeting with plenty of diatribes and ripostes. Among the expected attendees: Russian Foreign Minister Sergey Lavrov, a top aide to Russian President Vladimir Putin.Several heads of state and government — some from allies of Ukraine but others neutral — are also planning to speak. Among the chief diplomats on the schedule is Secretary of State Antony Blinken.Zelenskyy, dressed in his standard green military fatigues, urged the Security Council to suspend Russia’s veto power as a permanent member of the body in light of Russia’s actions during the war and bashed the U.N.’s failures to uphold its values amid the war.“Ukrainian soldiers now are doing at the expense of their blood what the U.N. Security Council should do by its ...

Boston College men’s and women’s swimming and diving program suspended due to hazing

Published Sat, 22 Feb 2025 11:00:38 GMT

The Boston College men’s and women’s swimming and diving program has been suspended due to hazing, the school said Wednesday. Boston College announced the suspension in a statement, saying the program was placed on indefinite suspension “after University administrators determined that hazing had occurred within the program.”“The University does not—and will not—tolerate hazing in any form.” BC said. BC’s statement continued, saying all swimming and diving student-athletes will continue to have access to academic and medical resources available to all BC student-athletes during their program’s suspension. No further information was immediately available.This is a developing story; stay with 7NEWS on-air and online for the latest updates.

White House to announce first-ever federal office of gun violence prevention, AP sources say

Published Sat, 22 Feb 2025 11:00:38 GMT

By COLLEEN LONG and SEUNG MIN KIM (Associated Press)WASHINGTON (AP) — President Joe Biden is creating the first-ever federal office of gun violence prevention, according to two people familiar with the plans. The office will coordinate efforts across the federal government and will offer help and guidance to states struggling with increasing gun violence, while taking the lead on implementation of the bipartisan gun legislation signed into law last year. Biden tentatively plans to announce the new effort with an event Friday at the White House, said the people, who had direct knowledge of the plans and who spoke to The Associated Press on condition of anonymity because they were not authorized to speak publicly. The office fulfills a key demand of gun safety activists who banded together as a coalition to endorse Biden for president in 2024, and is an effort by the White House to keep the issue front-and-center as the president pushes for a ban on so-called “assault weap...