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Stock market today: Wall Street opens lower; Coinbase tanks on SEC charges

Published Wed, 26 Feb 2025 06:30:15 GMT

NEW YORK (AP) — Stocks are drifting amid a vacuum of market-moving data, while crypto prices were lower after regulators filed charges against another mega player in the industry. The S&P 500 fell 0.2% early Tuesday, though it remains near the edge of exiting its latest bear market. The Dow fell 44 points, or 0.1%, and the Nasdaq fell 0.4%. Crypto prices sank after the Securities and Exchange Commission charged Coinbase with operating as an unregistered securities exchange. Shares in parent copmany Coinbase Global sank 20%. A day earlier, the SEC filed charges against another huge crypto trading platform, Binance, and its founder.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Wall Street crept modestly lower for a second straight day Tuesday, following a weekslong rally that carried markets to an 10-month high.Futures for the S&P 500 and the Dow Jones Industrial Average were off less than 0.1% in premarket trading.With earnings season winding down and few m...

Maria Sherman appointed AP’s music writer, based in Los Angeles

Published Wed, 26 Feb 2025 06:30:15 GMT

LOS ANGELES (AP) — Maria Sherman has been named The Associated Press’ music writer, a key position responsible for delivering news on a beat of global significance for the news cooperative.Sherman, whose first day was Monday, will lead music coverage for the AP’s entertainment and lifestyles department, which boasts video, photo and text journalists on three continents. She will also work closely with colleagues in AP’s U.S. and international bureaus and across its global beat teams.“Our readers and our customers will discover new music and be better informed and gain a better understanding of the rapidly evolving music landscape through Maria’s coverage,” Anthony McCartney, global entertainment and lifestyles editor, said.Sherman, 31, is based in Los Angeles. An accomplished music and culture journalist, she has previously worked as a culture writer at Netflix, senior writer at Jezebel, managing editor at Gizmodo Media Group, senior correspondent at Fuse TV and co...

Search for unclaimed $70M Scarborough lottery winner ongoing as deadline draws near

Published Wed, 26 Feb 2025 06:30:15 GMT

The Ontario Lottery and Gaming Corporation (OLG) says the search for an unclaimed $70-million Lotto Max jackpot winner in Scarborough drags on as the deadline draws near.In late May, the OLG said no one had claimed the jackpot draw from June 28, 2022, and it will expire exactly one year from that date. The $70 million winning ticket was purchased at an authorized lottery retailer in Scarborough.In an update, an OLG spokesperson said on Tuesday that the life-changing amount of money is still waiting for the rightful owner.“The winning numbers for the June 28, 2022, Lotto Max draw are — 8, 19, 22, 41, 42, 46, 47 [and] Bonus 10,” the OLG wrote in a news release.RELATED: ‘Just imagine’ losing $70M lotto ticket? Here’s how the OLG says you could still collect“We ask OLG lottery players to check places where they usually store their tickets, such as in clothing pockets, personal accessories (i.e. handbags, backpacks, wallets, computer bags), your ...

World Bank offers dim outlook for the global economy in face of higher interest rates

Published Wed, 26 Feb 2025 06:30:15 GMT

WASHINGTON (AP) — The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia’s invasion of Ukraine and the lingering effects of the coronavirus pandemic.That’s the latest outlook of the World Bank, a 189-country anti-poverty agency, which estimates that the international economy will expand just 2.1% in 2023 after growing 3.1% in 2022. Still, the bank’s latest Global Economic Prospects report, which it issued Tuesday, marks an upgrade from its previous forecast in January. That estimate had envisioned worldwide growth of just 1.7% this year.The Federal Reserve and other major central banks have been aggressively raising interest rates to combat a resurgence of inflation, set off by a stronger-than-expected rebound from the pandemic recession, persistent supply shortages and energy and food price shocks caused by the Ukraine war.But the global economy has proved surprisingly resilient in the face of higher borrowing...

Plane that crashed in Virginia lost contact with air traffic controllers during ascent, feds say

Published Wed, 26 Feb 2025 06:30:15 GMT

Only minutes into a doomed journey that ended on a remote Virginia mountain, the pilot of a business jet was not responding to air traffic control instructions and the situation was soon reported to a network that includes military, security and law enforcement agencies, according to federal aviation officials.Despite being out of contact on its ascent Sunday afternoon, the jet that had just taken off from a Tennessee airport continued toward its intended destination on Long Island, then turning to fly back to Virginia where it slammed into a mountain, killing the four people aboard.Family and friends identified two of the victims as an entrepreneur known in New York real-estate circles and her 2-year-old daughter.Fighter jet pilots sent to intercept the business jet reported that its pilot appeared slumped over and unresponsive, three U.S. officials said Monday. The officials had been briefed on the matter and spoke on condition of anonymity because they were not authorized to disc...

Movie Review: Who let the beasts out? New ‘Transformers’ tries but fails to energize the saga

Published Wed, 26 Feb 2025 06:30:15 GMT

With the “Transformers” franchise clearly at a crossroads, its latest protectors have turned to their deep bench of characters. But just adding more robots won’t transform this tired series.“Transformers: Rise of the Beasts” returns the franchise to its galaxy-wide self-importance after taking a nice detour with 2018’s smaller “Bumblebee.” We have a new cast of animal robots and a very evil enemy in the planet-eating Unicron, but they’re not used right and the movie limps from fight to fight.The key to the film is actually a key, some sort of ancient glowing shaft that will open a portal in space and time. Everyone wants it — to go home, to kill planets or to save planets. The audience may also want to use it to beam into a more interesting movie.Directed by Steven Caple Jr. — using a screenplay by Darnell Metayer, Erich Hoeber, Jon Hoeber and Josh Peters based on a story by Joby Harold — “Transformers: Rise of the Beasts” is a big swing that seems to portend a mul...

Supreme Court tossed out heart of Voting Rights Act a decade ago, prompting wave of new voting rules

Published Wed, 26 Feb 2025 06:30:15 GMT

ATLANTA (AP) — Within hours of a U.S. Supreme Court decision dismantling a key provision of the Voting Rights Act, Texas lawmakers announced plans to implement a strict voter ID law that had been blocked by a federal court. Lawmakers in Alabama said they would press forward with a similar law that had been on hold.The ruling continues to reverberate across the country a decade later, as Republican-led states pass voting restrictions that, in several cases, would have been subject to federal review had the conservative-leaning court left the provision intact. At the same time, the justices have continued to take other cases challenging elements of the landmark 1965 law that was born from the sometimes violent struggle for the right of Black Americans to cast ballots.The justices are expected to rule in the coming weeks in a new case out of Alabama that could make it much more difficult for minority groups to sue over gerrymandered political maps that dilute their representation.“At t...

Lawyer: Health of Gadhafi’s son, detained in Lebanon, deteriorating 3 days into hunger strike

Published Wed, 26 Feb 2025 06:30:15 GMT

BEIRUT (AP) — The health of a son of Libya’s late leader Moammar Gadhafi was deteriorating three days into a hunger strike to protest his detention in Lebanon without trial, his lawyer said Tuesday. Hannibal Gadhafi was suffering from headaches, muscle pain and difficulties moving around, his lawyer Paul Romanos said. He started his hunger strike Saturday.He has been detained in Lebanon since 2015 after he was briefly kidnapped from neighboring Syria, where he had been living as a political refugee. He was abducted by Lebanese militants demanding information on the whereabouts of prominent Lebanese Shiite cleric Moussa al-Sadr who went missing in Libya 45 years ago.Lebanese police later announced it had collected Hannibal from the northeastern city of Baalbek where he was being held. He has been detained in a Beirut jail without trial since then.Romanos said Gadhafi was also suffering from back pain due to being held in a small room where he cannot move freely or exercise.“He ...

LGBTQ+ ‘State of emergency’ declared, ‘Americans Fight Back’ guidebook released

Published Wed, 26 Feb 2025 06:30:15 GMT

WASHINGTON (AP) — The Human Rights Campaign declared a state of emergency for LGBTQ+ people in the U.S. on Tuesday and a released a guidebook summarizing what it calls discriminatory laws in each state, along with “know your rights” information and health and safety resources.Sounding the alarm about the current political environment, the nation’s largest organization devoted to the rights of lesbian, gay, bisexual, transgender and queer Americans said advisories warning against travel to dangerous places aren’t enough to help people already living in so-called hostile states. The campaign said it’s taking action in response to unprecedented and dangerous spike in discriminatory legislation sweeping state houses this year, with more than 70 anti-LGBTQ+ bills signed into law so far in 2023 — more than double last year’s number. In a report called “LGBTQ+ Americans Under Attack,” it says the new laws are a result of coordinated Republican efforts, supported by “well-...

Woman found dead in Logan Square apartment, just a block from where missing woman lives

Published Wed, 26 Feb 2025 06:30:15 GMT

CHICAGO — A woman was found dead inside an apartment on the city's Northwest Side, just a block away from where a woman who went missing last Friday lives.Police were seen going in and out of an apartment on the 2000 block of North Kimball in Logan Square Monday night, collecting evidence after the body was discovered.Officials have not announced the identity of the person, but did declare her death a homicide.Just after 10 p.m. Monday, the brother of 33-year-old Brittany Battaglia, who has been missing since last Friday, posted to social media that police said the woman who was found in the apartment was his sister. ‘It’s really odd’: Family pleads for information about missing Logan Square woman (Family photo: 33-year-old Brittany Battaglia)Brittany Battaglia resides in the 1900 block of N Kimball Avenue, just a block from where the deceased woman was discovered.Brittany's roommate alerted her brother that she hadn't come back to their apartment after going to her boyfriend's ho...