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Wall Street drifts through muted day ahead of inflation data

Published Wed, 26 Feb 2025 05:39:59 GMT

NEW YORK (AP) — Wall Street drifted through a muted day of trading Tuesday, with stocks and bonds making modest moves ahead of reports later in the week with the potential to move markets.The S&P 500 had its smallest one-day move in more than a year, slipping 0.17 points, or less than 0.1%, to 4,108.94. Most of the stocks in the index rose, as did the Dow Jones Industrial Average, which gained 98.27, or 0.3%, to 33,684.79. The Nasdaq composite slipped 52.48, or 0.4%, to 12,031.88. The biggest immediate question for Wall Street has been whether the Federal Reserve will keep hiking interest rates in its attempt to get high inflation under control. It’s already raised rates at a furious pace over the last year, enough to slow some areas of the economy and for strains to appear in the banking system. That’s why markets are gearing up for Wednesday’s report on inflation. Economists expect it to show inflation slowed to 5.2% in March from 6% in February. That would mean continued prog...

S&P/TSX composite gains on energy and base metal stocks, U.S. markets mixed

Published Wed, 26 Feb 2025 05:39:59 GMT

TORONTO — Strength in energy and base metal stocks helped Canada’s main stock index gain more than 100 points Tuesday, while U.S. stock markets were mixed.The S&P/TSX composite index was up 146.03 points at 20,421.85.In New York, the Dow Jones industrial average was up 98.27 points at 33,684.79. The S&P 500 index was down 0.17 points at 4,108.94, while the Nasdaq composite was down 52.48 points at 12,031.88.The Canadian dollar traded for 74.17 cents US compared with 73.93 cents US on Monday.The May crude contract was up US$1.79 at US$81.53 per barrel and the May natural gas contract was up a penny at US$2.19 per mmBTU.The June gold contract was up US$15.20 at US$2,019.00 an ounce and the May copper contract was up four cents at US$4.02 a pound.This report by The Canadian Press was first published April 11, 2023.Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)The Canadian Press

Mexican tourist killed in Mexican resort of Tulum

Published Wed, 26 Feb 2025 05:39:59 GMT

MEXICO CITY (AP) — A Mexican tourist has been shot to death in the Caribbean coast resort of Tulum in a dramatic robbery at a U.S. chain coffee shop, prosecutors and police said Tuesday. The tourist apparently refused to hand over an expensive watch he was wearing, and was shot by the robbers. Video of the killing posted on social media Tuesday showed men with motorcycle helmets burst into the coffee shop at gunpoint Monday. Another man in the video, reportedly the victim’s bodyguard, then took out a pistol and opened fire on the robber, who fled. The bodyguard chased the robber toward the street and kept firing at him through the store’s door.Police in the coastal state of Quintana Roo said one of the thieves fled was wounded and later arrested at a local hospital.State Prosecutor Oscar Montes de Oca said the bodyguard had been released because he had a weapons permit, and may have been acting in self defense.It was the latest chapter of continuing violence on Mexico’s ...

Louisville attack shows challenge of curbing violent videos

Published Wed, 26 Feb 2025 05:39:59 GMT

NEW YORK (AP) — Social media companies are once again in the spotlight after a bank employee in Louisville, Kentucky, killed five people in a mass shooting and livestreamed the attack on Instagram.Tech companies have gotten better in recent years at cooperating to tamp down the spread of mass shooting videos on mainstream platforms. But there’s still no easy way to stop shooters from broadcasting their grisly crimes without shutting down livestreaming services altogether.Here’s what we know so far about what happened in Louisville:HOW DID META RESPOND?Instagram parent company Meta, which also owns Facebook, said in a statement that it quickly removed the livestream of the Louisville shooting on Monday morning.But Meta did not immediately respond to questions Tuesday about how long it took to take down the livestream — or how many people watched it before it was removed.Instagram allows users to anonymously report livestreams. Once a report has been submitted, the company...

Florida Gov. Ron DeSantis returning to Illinois in May

Published Wed, 26 Feb 2025 05:39:59 GMT

PEORIA, Ill. — Florida Governor Ron DeSantis is making a trip back to Illinois next month.DeSantis will be the keynote speaker for the joint 2023 Lincoln Day Dinner with the Peoria and Tazewell County Republican Central Committees on Friday, May 12. The event is one of the largest in the state's GOP politics, with Republican activists, leaders, officeholders, and prospective candidates from across Illinois coming to speak to voters, a press release annoucing DeSantis' visit said. Florida Gov. Ron DeSantis visits Chicago suburb in support of police union In the past, the event has welcomed former Vice President Mike Pence and former Texas Governor Rick Perry as guest speakers. “Governor Ron DeSantis is one of the preeminent conservative voices in our country, fighting back against the radical left,” said Illinois Congressman Darin LaHood (R-Dunlap). “As Governor of Florida, Ron DeSantis has enabled his state to thrive because he leads with fiscal responsibility, family values, and...

Five reasons Democrats chose Chicago to host the 2024 convention

Published Wed, 26 Feb 2025 05:39:59 GMT

Chicago will play host to the 2024 Democratic National Convention, the party announced Tuesday, putting the Windy City and the Midwest as a whole front-and-center in next year’s presidential campaign.President Biden and Democratic National Committee (DNC) leaders ultimately chose Chicago over Atlanta, which was viewed as the next closest competitor, as well as New York City.Here are five reasons why Democrats ultimately opted for Chicago, which lasted hosted a Democratic convention in 1996.The Blue Wall argument The political case for Chicago relied on the importance of the Midwest battleground states, with neighboring Wisconsin and Michigan especially pivotal not just in the presidential contest, but in Senate, House and state-level races as well.The governors of Illinois, Michigan, Minnesota and Wisconsin, along with federal and local representatives from each of those states, wrote to Biden and DNC Chairman Jaime Harrison last month to argue that picking Chicago would be a n...

Outcome Health leaders convicted on federal fraud charges

Published Wed, 26 Feb 2025 05:39:59 GMT

CHICAGO (AP) — Jurors found three former leaders of a Chicago-based company guilty of multiple counts of fraud on Tuesday, following a 10-week federal trial that tracked Outcome Health's rise and dramatic fall after allegations that the officials had lied to customers and investors while taking in about $1 billion.The Chicago Tribune reported that jurors found Outcome Health co-founder and former CEO Rishi Shah guilty on 19 of 22 counts, co-founder and former president Shradha Agarwal guilty on 15 of 17 counts and former chief operating officer Brad Purdy guilty on 13 of 15 counts.Shah, Agarwal and Purdy have not been sentenced yet. Interim Chicago police superintendent: Officer who shot, killed Adam Toledo should be fired Outcome Health targeted pharmaceutical companies, selling ads that would run on televisions and tablets which the company provided to doctors' offices and waiting rooms. Prosecutors alleged that the executives lied about how many doctors' offices the a...

Forever stamps, First-Class Mail could become more expensive this summer: Here's why

Published Wed, 26 Feb 2025 05:39:59 GMT

(NEXSTAR) – In January, sending a piece of mail became more expensive than ever after the United States Postal Service enacted its third price hike in roughly a year. Now, USPS is asking for yet another price hike to offset inflation. On Monday, USPS filed a notice with the Postal Regulatory Commission asking for price changes across multiple services, including First-Class Mail Forever stamps. If the proposed increases are approved, prices for First-Class Mail would rise about 5.4% "to offset the rise in inflation," the federal agency said.That includes a 3-cent increase on Forever stamps, which would push them to 66 cents. USPS raised the cost of Forever stamps in January from 60 cents to 63 cents. Does your state allow teachers to carry a gun? Forever stamps, regardless of when they are purchased, are accepted in perpetuity, hence the name. That means if you have some already — even if you bought them at a lower price — the stamps are still accepted to mail letters.In addition ...

Q&A: UT lecturer shares how students are preparing for art careers with AI

Published Wed, 26 Feb 2025 05:39:59 GMT

AUSTIN (KXAN) — As artificial intelligence becomes more and more prevalent, one University of Texas at Austin lecturer is preparing his fine arts students for a changing art industry after graduation. Tyler Coleman, an adjunct lecturer in UT's College of Fine Arts and a gaming developer, shared with KXAN more about how he is teaching his students about AI use and the future of AI in art. RELATED: Texas universities, colleges respond to rise of ChatGPT use on campuses Coleman said he is part of a UT task force to determine how to best handle AI. He suggested other educators find ways to embrace AI in their own platforms."All of these schools are suddenly rushing to figure out how to respond to this, the same way they did to Wikipedia 15 years ago, right? The same way that they have to calculators in your phones, right?" Coleman said. Editor's note: This interview was edited for length and clarity. Q: How are you seeing AI used in art? Tyler Coleman: There's been a long, long-stand...

Loons’ lack of possession, much less offense, directly contributes to Chicago goals in team’s first loss

Published Wed, 26 Feb 2025 05:39:59 GMT

The offense — or lack there of — was a contributing culprit in Minnesota United’s defense allowing two first-half goals in a 2-1 loss to the Chicago Fire on Saturday.Moments before Kei Kamara opened up the scoring in the 24th minute, Loons striker Luis Amarilla’s poor touch led to a turnover in the middle of the field and the Fire striker capitalized with a goal on his former team.Before Kamara scored his second goal in the 35th minute, Robin Lod’s errant pass in the center circle gave the ball back to Chicago. The Fire then put together 17 consecutive passes — an indicting number on its own — to set up Arnaud Souquet’s assist to Kamara’s header goal.Loons manager Adrian Heath told his players Tuesday morning why he thought their five-match unbeaten start to the season came to an end. “I thought we didn’t compete enough,” he said. “(We) were second in every phase of the game, whether that was with the ball or without the ball, transition.”Minnesota (3-1-2) gave up two goals in...