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Stock market today: Wall Street mixed ahead new jobs data and upcoming Fed meeting

Published Wed, 26 Feb 2025 06:18:28 GMT

Early trading is mixed on Wall Street ahead of new data on the labor market and a meeting next week where the Federal Reserve will decide what to do with the benchmark interest rate, which it’s pushed higher in part to cool hiring.Futures for the S&P 500 gained 0.1% before the bell, but they slipped 0.2% for the Dow Jones Industrial Average. While still healthy, the labor market has started to cool recently, boosting hopes that the Fed’s interest rate hikes are over. Part of the Fed’s goal in ratcheting up interest rates for nearly two years has been to loosen the job market and slow wage growth, which can lead to higher prices.U.S. job gains have slowed in the past five months to an average of 190,000 per month, down from an average of 287,000 in the first five months of the year. Analysts forecast that U.S. private non-farm job gains will come in around 173,000 when the government issues its November jobs report on Friday.On Thursday, the Labor Department iss...

Denver opens hotel in Central Park for those experiencing homelessness

Published Wed, 26 Feb 2025 06:18:28 GMT

DENVER (KDVR) — The City of Denver will open a hotel on the east side of town on Thursday to house people experiencing homelessness.The location is an old DoubleTree Hotel at 4040 Quebec St. in the Central Park neighborhood. One hundred people are expected to move into the new location. They will come from a homeless encampment at 20th and Curtis Street near downtown Denver. It’s been a year since migrant buses began to arrive in Denver That site was closed and cleaned up on Wednesday after Denver Mayor Mike Johnston announced the camps closing on Dec. 1 as a part of his House1000 Initiative.Denver City Council agreed to purchase a master lease on the DoubleTree property for $3.9 million in October.The hotel will offer 300 rooms and 450 beds. There is also a commercial kitchen and laundry service. Mayor’s office to close 2 more homeless encampments, move hundreds indoors The hotel's opening is part of Johnston’s plan to get 1,000 homeless individuals off the streets by the end o...

UNLV shooter was a career professor with connections to other schools, source says, as police work to determine motive

Published Wed, 26 Feb 2025 06:18:28 GMT

(CNN) — Investigators are searching for the motive of a shooter who killed three people Wednesday at the University of Nevada, Las Vegas, and a law enforcement source told CNN the suspect was a 67-year-old career college professor with connections to schools in other states.The shooter, identified by law enforcement sources as Anthony Polito, died at the scene after a confrontation with police outside of a university building, according to Las Vegas Metro Sheriff Kevin McMahill.CNN was told the investigative theory on a possible motive is that Polito sought a position at UNLV but was not hired.The suspect had worked for schools in Georgia and North Carolina, a law enforcement source told CNN.The shooting began shortly before noon on the fourth floor of the university’s Beam Hall business school building, where students and professors were preparing for next week’s final exams, the sheriff said. Outside, students were gathered for an event with games, food and a Lego-building activit...

Russia warns US that Ukraine will be its ‘second Vietnam’

Published Wed, 26 Feb 2025 06:18:28 GMT

The Kremlin’s spy chief Sergei Naryshkin warned the U.S. that Ukraine will turn into its “second Vietnam,” amid disagreement in Congress over funding for Kyiv. “Ukraine will turn into a ‘black hole’ absorbing more and more resources and people,” Russian foreign intelligence chief Naryshkin said Thursday in a written statement published by his agency’s house journal, the Intelligence Operative. “Ultimately, the U.S. risks creating a ‘second Vietnam’ for itself, and every new American administration will have to deal with it,” he added.The warning comes after U.S. President Joe Biden on Wednesday urged Congress to further support Ukraine with funding. “We can’t let Putin win,” Biden said. Biden is trying to push through a $61.4 billion emergency funding request for Kyiv, but opposition against further aid to Ukraine has grown among Republicans in the House of Representatives. The U.S. was engaged in th...

‘Fuck you Daily Mail,’ raged Daily Mail’s Boris Johnson

Published Wed, 26 Feb 2025 06:18:28 GMT

LONDON — Well, this’ll make for an awkward Friday news meeting.Boris Johnson — the former U.K. prime minister — launched into a four-letter tirade against Britain’s Daily Mail newspaper over its coverage of coronavirus rules, the country’s official pandemic inquiry heard Thursday.It’s an awkward one for Johnson, whose current employer is … the Daily Mail. The paper snapped him up for a handsome sum earlier this year as its star columnist.Diary extracts from Britain’s then-Chief Scientific Adviser Patrick Vallance, dated September 2020, describe Johnson raging about the way his coronavirus “rule of six” restrictions — designed to limit the size of social gatherings without opting for more stringent lockdown measures — landed with the right-wing, middle-market paper.Vallance quotes Johnson as lamenting: “everyone says rule of 6 so unfair, punishing the young, but FUCK YOU Daily Mail – look this is all about stopping deaths. W...

Alleged attacker in Dedham stabbing identified, victims remain hospitalized

Published Wed, 26 Feb 2025 06:18:28 GMT

One man is dead and two women are being treated for stab wounds after a stabbing incident in Dedham Wednesday night, officials said. The Norfolk District Attorney’s Office is investigating the incident. Police responded to a call around 6 p.m. Wednesday reporting that an individual had stabbed two people he was related to in a Dedham home.According to authorities, Samuel Pattillo, 36, of Dedham, was then seen walking “in obvious distress” on Country Club Road, a short distance from the stabbing location on Jackson Pond Road. Multiple additional parties called 911 to report his behavior.The district attorney’s office said initial information indicates that Pattillo was approached by multiple officers and turned combative when the officers attempted to interact with himOfficers deployed both pepper spray and a Taser to subdue the individual. After taking him into custody officers “recognized signs of physical distress and began providing life support meas...

West Africa court refuses to recognize Niger’s junta, rejects request to lift coup sanctions

Published Wed, 26 Feb 2025 06:18:28 GMT

ABUJA, Nigeria (AP) — West Africa’s top court on Thursday rejected a request by Niger’s junta for a lifting of coup-related sanctions imposed by its neighbors, ruling that the junta is unconstitutional and therefore lacks the authority to make such a request.Following the July coup that toppled Niger’s President Mohamed Bazoum, the West African regional bloc ECOWAS imposed sanctions including shutting borders with the member country, suspending financial transactions and freezing Niger’s assets. Neighboring Nigeria cut off power that supplied 70% of Niger’s electricity.Niger challenged the sanctions at the ECOWAS Court of Justice in the Nigerian capital Abuja arguing they were causing severe hardship for Niger’s citizens, including by curtailing supplies of food and medicine. Niger’s coup leaders asked for a provisional halt to the sanctions pending a final judgement on the issue. Delivering the ruling Thursday, Justice Dupe Atoki called Niger’s junta t...

La Scala’s gala premiere of ‘Don Carlo’ is set to give Italian opera its due as a cultural treasure

Published Wed, 26 Feb 2025 06:18:28 GMT

MILAN (AP) — Italian melodrama’s official recognition as a global cultural treasure is getting trumpeted Thursday with La Scala’s season premiere of Verdi’s “Don Carlo,” an opera that hits hot-button topics of power and oppression.In keeping with a La Scala tradition of off-stage melodrama, the issue of who would occupy the royal box at the Milan opera house on opening night spawned a pre-performance kerfuffle. La Scala’s unions protested the institutional seat of honor going to Senate Speaker Ignazio La Russa in the absence of Italy’s president and premier. La Russa, a far-right politician whom the unions claim has not condemned Italy’s fascist past, will sit in the front row of the adorned royal box with Milan Mayor Giuseppe Sala, a left-wing politician who invited 93-year-old senator-for-life and Holocaust survivor Liliana Segre to join him. “Fascists are not welcome at Teatro alla Scala,’’ the labor organizations for theater workers said in a statement. “We will not ...

A Danish court orders a British financier to remain in pre-trial custody on tax fraud

Published Wed, 26 Feb 2025 06:18:28 GMT

COPENHAGEN, Denmark (AP) — A British hedge fund trader extradited from the United Arab Emirates to Denmark where he was wanted for allegedly orchestrating a more than 9 billion kroner ($1.3 billion) tax fraud, was ordered Thursday to remain in pre-trial custody until Jan. 3.Sanjay Shah was convicted in May in Dubai of masterminding a scheme that ran from 2012 to 2015 in which foreign businesses pretended to own shares in some of Denmark’s largest companies, including pharmaceutical giant Novo Nordisk, shipping company A.P. Moeller, windmill maker Vestas and the Carlsberg brewery. He claimed tax refunds for which they were not eligible. The Glostrup District Court in suburban Copenhagen said Shah should be remanded in custody because he’s a flight risk. His lawyer, Kåre Pihlmann, said Shah has not decided whether to appeal. During Thursday’s court session, Shah, 53, refused to talk. He has said he used a loophole in Danish law and has denied fraud. The case is considered ...

79-year-old woman dead after being struck by car in Whitby

Published Wed, 26 Feb 2025 06:18:28 GMT

A 79-year-old woman is dead after she was struck by a vehicle in Whitby — one of two serious crashes involving pedestrians that occurred minutes apart in the town Wednesday evening.In one incident, officers with the Durham Regional Police Service were called to Thickson Road near Applewood Avenue around 5:20 p.m.Police say a driver in a Chevrolet Cobalt was travelling north on Thickson when they struck the woman who was attempting to cross the street.The woman died as paramedics were taking her to hospital.Police say the driver remained at the scene and is cooperating with investigators. It is not yet known if they will be facing any charges.Police investigating separate Whitby crash that left man critically hurtFifteen minutes earlier, around 5:05 p.m., police say they were called to the intersection of Thornton Road North and Rossland Road West after a 28-year-old man was struck by the driver of an Acura RDX heading north on Thornton.The man was rushed to a hospital in Toron...