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Stock market today: Asian stocks dip on economy worries

Published Wed, 26 Feb 2025 01:54:20 GMT

TOKYO (AP) — Asian shares were mostly lower Wednesday as worries about the health of global economies grew after a tumble on Wall Street, despite some better-than-expected earnings reports.Tokyo, Sydney, Seoul and Shanghai declined while Hong Kong gained in early trading.“From a banking crisis still hovering just beneath the surface to the realization Russia has long-range missiles that are incredibly accurate that no one has the capacity to stop, to the sharply higher China-U.S. tensions, more sanctions against both Russia and China, and the likely further unravelling of global trade and the reemergence of higher inflation, risks are huge,” said Clifford Bennett, chief economist at ACY Securities.“None of this a pretty picture paints. Yet this is the reality of the current moment.” Japan’s benchmark Nikkei 225 shed 0.5% in morning trading to 28,469.08. Australia’s S&P/ASX 200 slipped nearly 0.1% to 7,317.70. South Korea’s Kospi inched down less than 0.1% to 2,...

Denver Nuggets vs. Phoenix Suns playoff series schedule released

Published Wed, 26 Feb 2025 01:54:20 GMT

For the fourth time in five years, the Denver Nuggets are moving on to the second round of the NBA Playoffs.Denver eliminated the Minnesota Timberwolves with a dramatic 112-109 victory in Game 5 of their first round series on Tuesday night. Up next: a seven-game series against the Phoenix Suns, who knocked off the Los Angeles Clippers roughly an hour later to win their series 4-1.The series is set to begin Saturday, with Game 1 inside Ball Arena in downtown Denver at a time to be determined. If Atlanta-Boston goes to a Game 7, the Nuggets’ second-round opener will start at 8 p.m. MDT. If not, then Game 1 is at 6:30 p.m. Here are the dates for the rest of the best-of-seven series:GameLocationDateTimeTVGame 1Phoenix at DenverSaturday, April 29TBDTNTGame 2Phoenix at DenverMonday, May 1TBDTBDGame 3Denver at PhoenixFriday, May 5TBDTBDGame 4Denver at PhoenixSunday, May 7TBDTBD*Game 5Phoenix at DenverTuesday, May 9TBDTBD*Game 6Denver at PhoenixThursday, May 11TBDTBD*Game 7Phoenix at ...

Allegations of child sexual abuse in Redlands Unified School District

Published Wed, 26 Feb 2025 01:54:20 GMT

Dozens of parents came out for the Redlands Unified School Board Meeting Tuesday night to call attention to what they claim are decades of child sexual abuse in the school system.  Many of the parents said teachers and school administrators have covered up the allegations and are now demanding transparency and action. Renewed concerns about potential sexually predatory teachers within Redlands Unified follows a CBS News investigation from earlier this month.  Tuesday night’s school board meeting is the first since the report was broadcast.  “It’s outrageous and they should be ashamed of themselves for allowing this to happen,” Redlands resident and parent Melissa Castro said.  The crowd attending the meeting was too large to fit inside the school board’s meeting room, leaving many people to watch the deliberations from a monitor in the parking lot.  “We need to clean up the whole Redlands School Board and get people in there who are really going to protect our childre...

L.A. police pursuits injured more than 1,000 people over past 5 years, report says

Published Wed, 26 Feb 2025 01:54:20 GMT

More than a thousand people have been injured in the past five years during police pursuits, and half of those injuries were sustained by innocent bystanders, according to a new report on police chases in Los Angeles.In 2023 to date, seven people were injured and three were killed during police pursuits, according to the Los Angeles Police Department's Pursuit Injuries Report. “Clearly we don’t take that lightly,” said LAPD Commander Craig Valenzuela.The Board of Commissioners requested more data after two fatal pursuits in the San Fernando Valley earlier this year. However, Chief Michel Moore is not ready to make immediate changes to the department’s pursuit policy, Commander Valenzuela confirmed.  “He doesn’t want a policy that fully limits officers from chasing because we do have a responsibility to make arrests,” he said. One person had to be rescued from a car after a pursuit crash in South Los Angeles on March 19, 2023. (KTLA) A police pursuit of a suspected rec...

Couple sues Antioch Police Department over violent arrest

Published Wed, 26 Feb 2025 01:54:20 GMT

WARNING: The video at the top of this story may be hard for some to watch.ANTIOCH, Calif. (KRON) – The Antioch Police Department is facing another misconduct complaint. A couple is suing the department, claiming officers used excessive force and racial profiling during an arrest last year. The couple was later let go and no charges were filed.A dramatic cell phone video shows Antioch police detaining Juan Laspada In the video above. You can hear Laspada say, “They’re going to kill me.”The arrest happened on Feb. 25, 2022. Laspada says he and his fiancee Rebecca Rodriguez were waiting for an Uber outside their friend's home when Antioch police drove by and asked if they were okay.  Stabbing at Northgate High in Walnut Creek, student in custody The couple told police that they were, but officers wanted to talk to Laspada. Laspada says he declined, but officers insisted and tried to separate him from his fiance.“I told him, ‘I’m just going to go ahead and walk away because your veins...

First Republic Bank stock plunges as depositors flee

Published Wed, 26 Feb 2025 01:54:20 GMT

NEW YORK (AP) — First Republic Bank's stock plunged Tuesday after it said depositors withdrew more than $100 billion during last month’s crisis, with fears swirling that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank.The San Francisco bank said late Monday that it was only able to stanch the bleeding after a group of large banks stepped in to save it by depositing $30 billion in uninsured deposits. But investors remained deeply skeptical on what path forward exists for First Republic either as an independent firm or as an acquisition target. The bank likely will have lower profits for years, and if the bank is bought, any purchase would come with an immediate loss to any buyer. The bank says it plans to sell off unprofitable assets, including the low interest mortgages that it provided to wealthy clients. It also announced plans to lay off up to a quarter of its workforce, which totaled about 7,200 employees at the end of 2022. “With ...

Oilers beat Kings to take 3-2 lead in playoff series

Published Wed, 26 Feb 2025 01:54:20 GMT

EDMONTON, Alberta (AP) — Nick Bjugstad scored twice as the Edmonton Oilers beat the Los Angeles Kings 6-3 on Tuesday night to take a 3-2 lead in the first-round playoff series.The Oilers are a win away from advancing to the second round. Game 6 is Saturday in Los Angeles. Game 7, if necessary, would be Monday in Edmonton.Leon Draisaitl, Evander Kane, Zach Hyman and Brett Kulak also scored for Edmonton. Connor McDavid and defensemen Mattias Ekholm and Darnell Nurse had two assists apiece.Hyman’s goal came when he was hit in the face on a shot by Evan Bouchard and the puck deflected past the Kings’ Pheonix Copley for the Oilers’ fifth goal of the game. Hyman stayed in the game.Stuart Skinner was back in the net for Edmonton’s after he was swapped out for Jack Campbell one period into the Oilers’ Game 4 overtime win Sunday. The 24-year-old Skinner made 25 saves.Kings goalie Joonas Korpisalo was pulled for Copley in the second period after Edmonton’s fourth goal....

Barlow strands 2 in 9th, Royals beat D-backs 5-4 for 6th win

Published Wed, 26 Feb 2025 01:54:20 GMT

PHOENIX (AP) — Scott Barlow got Christian Walker to hit into a game-ending groundout with runners on second and third, and the Kansas City Royals beat the Arizona Diamondbacks 5-4 on Tuesday night for just their second win in 11 games.Brady Singer (2-1) rebounded from three poor starts and the Royals tied their season high with 14 hits. Every starter except Franmil Reyes had at least one hit for the Royals. Kansas City is 6-18, including 5-6 on the road but just 1-12 at Kauffman Stadium.Corbin Carroll was a home run shy of the cycle for Arizona and stole two bases.After allowing 18 runs over 16 innings in his prior three outing, Singer gave up one run and five hits in six innings and lowered his ERA ERA from 8.14 to 6.67.Kansas City opened a 5-2 lead on Anthony Misiewicz’s run-scoring wild pitch in the eighth, but Arizona closed in the bottom half on Emmanuel Rivera’s two-run single off Aroldis Chapman.Barlow relieved with Rivera on second and out one and struck out Gabr...

Booker scores 47, leads Suns past Clippers to win series

Published Wed, 26 Feb 2025 01:54:20 GMT

PHOENIX (AP) — Devin Booker scored 47 points, including 25 in a spectacular third quarter, to lead the Phoenix Suns past the Los Angeles Clippers 136-130 on Tuesday night and win the Western Conference first-round playoff series in five games.The Clippers didn’t go quietly, nearly coming back from a 20-point deficit early in the fourth. Los Angeles had multiple chances to tie in the final three minutes, but could never convert. Durant made a layup to push Phoenix’s lead to 134-130 and then made two free throws to put the Suns up six with 31.3 seconds left.Durant finished with 31 points while Deandre Ayton had 21 points and 11 rebounds. Booker shot 19 of 27 from the field.Durant’s final free throws capped a wild back-and-forth second half that saw the Clippers take a 71-61 lead early in the third.But the Suns — led by Booker’s stellar shot making — unleashed a powerful wave of offense, pouring in 50 points in the third quarter to take a 111-94 lead into the fo...

Blake Sabol’s 2-run homer sends Giants past Cardinals 5-4

Published Wed, 26 Feb 2025 01:54:20 GMT

SAN FRANCISCO (AP) — Blake Sabol hit a game-ending two-run homer in the ninth inning, and the San Francisco Giants rallied past the St. Louis Cardinals 5-4 on Tuesday night.With two outs and a runner on second, Sabol sent Ryan Helsley’s 1-2 offering over the wall in center field for his first career walk-off homer. Helsley (0-2) blew his third save of the year.San Francisco trailed 4-2 entering the ninth. Joc Pederson reached on a fielding error by second baseman Tommy Edman, and Mike Yastrzemski followed with an RBI double to bring the Giants within one.Yastrzemski homered earlier in the game as San Francisco won its fourth in a row.Paul Goldschmidt broke a 2-2 tie with a two-run single in the eighth inning to give the Cardinals their first lead of the night.Edman homered in the third for the Cardinals.Sean Hjelle (1-0) pitched a scoreless ninth. San Francisco used eight pitchers, with opener John Brebbia pitching the first 1 1/3 innings.The Giants took an early lead in the bottom ...