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Stock market today: Wall Street falls to close out its first losing week in the last six

Published Tue, 25 Feb 2025 23:19:03 GMT

By STAN CHOE (AP Business Writer)NEW YORK (AP) — Another drop for stocks on Friday helped drag Wall Street to its first losing week in the last six.The S&P 500 fell 33.56, or 0.8%, to 4,348.33, pulling back further from last week when it reached its highest level in more than a year. The Dow Jones Industrial Average dropped 219.28, or 0.6%, to 33,727.43, and the Nasdaq composite sank 138.09, or 1%, to 13,492.52.Overseas markets also fell, while crude oil prices slipped amid worries that a stressed global economy may burn less fuel.Europe’s economy appears to be weaker than expected, according to a preliminary report measuring manufacturing and services businesses. That added to the week’s hesitance in markets, caused by a crank higher in interest rates by central banks around the world as they try to get high inflation under control. High rates drive down inflation by slowing the economy, which raises the risk of a recession.High interest rates in the United S...

California woman, 77, dies after snorkeling accident in Hawaii

Published Tue, 25 Feb 2025 23:19:03 GMT

A 77-year-old California woman died after experiencing trouble while snorkeling in Kauai this week, becoming the second Californian to lose their life at the popular Hawaiian island this month, officials said.Judith Bailey was pulled from the water at Poipu Beach Park on Monday when, according to Kauai Police, lifeguards saw her in distress in a lagoon area.She was conscious and alert when paramedics arrived, but she later passed away at Wilcox Medical Center in Lihue, police said. Autopsy results are still pending.Undated photo of Poipu Beach in Kauai. (Po‘ipū Beach Foundation)It was not immediately known where in California Bailey lived. Volunteer grief counselors on the island assisted the family, police said.“We are saddened to report this death of another visitor,” said Captain Kennison Nagahisa with Kauai Police. “We remind the public to be aware of your surroundings and your abilities in the water.”On June 9, Lucas Ivor, 37, also from California, died while swimming off Tunne...

Woman Fatally Struck in Pedestrian Collision on Home Avenue [San Diego, CA]

Published Tue, 25 Feb 2025 23:19:03 GMT

59-Year-Old Female Pedestrian Pronounced Dead after Fatal Accident near Gateway DriveSAN DIEGO, CA (June 23, 2023) – Wednesday morning, one woman was fatally struck in a pedestrian collision on Home Avenue.Authorities responded to the scene at approximately 4:53 a.m., in the 4100 block of Home Avenue near Gateway Drive.Per reports, the 61-year-old female driver of a black 2007 Chevrolet Colorado pickup-truck was heading east in the No.2 lane of Home Avenue. There, the Chevy struck a 59-year-old woman who was walking west in the No.2 lane.Upon impact, the woman was thrown onto the No.1 lane where she was hit by another white pickup-truck. Despite life-saving efforts, medics pronounced the female pedestrian dead at the scene. Although, police have not yet released her identity.Officers say the driver of both vehicles stayed at the scene and cooperated with the investigation.At this time, an active investigation to determine further details is still currently underway. Once avail...

Child Killed in Car Crash on Washington Boulevard [Pico Union, CA]

Published Tue, 25 Feb 2025 23:19:03 GMT

8-Year-Old Boy Killed in Two-Vehicle Crash near Toberman StreetPICO UNION, CA (June 23, 2023) – Saturday late afternoon, a two-vehicle crash on Washington Boulevard claimed the life of an 8-year-old boy.The accident happened around 5:08 p.m. on June 3rd at Washington Boulevard and Toberman Street.According to the CHP, for unknown reasons, the female driver of a vehicle entered the lane and hit the stationary container.Responding paramedics took the child and the woman to a local hospital for treatment, however, police have not identified the victims.Officials later acknowledged that the young victim had died as a result of his wounds while the woman’s condition is reported as stable.Authorities urge any witnesses with information about the deadly crash to call their local offices as soon as possible.Furthermore, both directions of the roadway were temporarily shut down to allow for cleanup and preliminary duties.At this time, police ruled out alcohol or drugs as factors,...

Liquor store clerk shot by customer in Oakland

Published Tue, 25 Feb 2025 23:19:03 GMT

OAKLAND — A 45-year-old clerk at an East Oakland liquor store was shot multiple times Friday morning by a customer he had gotten into an argument with, authorities said.The clerk was in stable condition at a hospital. The man who shot him was being sought.The shooting happened just after 6 a.m. Friday inside Cille’s Liquors, 8940 International Blvd., police said.Police said initial reports were that the clerk was shot after he and the customer got into an argument, possibly over the price of an item.The clerk was shot at least twice.The suspect fled the store on foot.A detailed description of the suspect was not released.Police and Crime Stoppers of Oakland are offering up to $5,000 in reward money for information leading to the arrest of the shooter. Anyone with information may call police at 510-238-3426 or Crime Stoppers at 510-777-8572.

Man slain near Oakland’s Uptown district was delivering flowers

Published Tue, 25 Feb 2025 23:19:03 GMT

OAKLAND — A 27-year-old Daly City man was delivering flowers Wednesday evening near the Uptown district when he got into some kind of argument with a man walking a dog and was fatally shot, authorities said Friday.The gunman was being sought Friday.The name of the man killed has not been released yet pending notification of family members. He worked for a flower delivery company, authorities said.The deadly confrontation, which was caught on video surveillance in the area, happened about 6:30 p.m. Wednesday in the 400 block of 26th Street near Telegraph Avenue.The Daly City man was about to deliver some flowers to a resident of an apartment building when he got into a confrontation on the sidewalk with a man walking a dog, authorities said.It has not been determined what the men argued about, but it may have had something to do with the dog, authorities said. The dog walker was seen throwing something at the man, who then threw the bouquet of flowers at him, authorities said.T...

Borenstein: Titan implosion provides tragic lesson in buyer beware

Published Tue, 25 Feb 2025 23:19:03 GMT

Caveat emptor. Let the buyer beware.Even if you’re a billionaire.As the world was gripped this week by the search for the Titan submersible, the tragic saga raised difficult questions about transparency and risk tolerance.“You know, at some point, safety just is pure waste,” Stockton Rush, the chief executive of deep-sea exploration company OceanGate Expeditions, told CBS. (Greg Gilbert/The Seattle Times via AP)We have heard two narratives. First, that the passengers understood they were taking risks climbing into a 22-foot vessel to dive 13,000 feet into the Atlantic Ocean. Second, that Stockton Rush, the chief executive of deep-sea exploration company OceanGate Expeditions, in a quest for technical advancement, played fast and loose with safety.Those two narratives are not mutually exclusive. To a certain extent, they are both true. For the story of the five deaths as the Titan imploded — just as some experts had feared and warned — isn’t just a lesson about risk....

Three teens arrested for car theft in San Mateo overnight Thursday

Published Tue, 25 Feb 2025 23:19:03 GMT

(KRON) -- Three teenagers were arrested overnight for stealing a car in San Mateo, according to the San Bruno Police Department. Officers with San Mateo PD located the vehicle that was stolen Thursday, police said.Officers attempted to stop the vehicle, but it fled. Officers pursued the vehicle to San Mateo where San Mateo PD assisted by successfully deploying spike strips. The vehicle was immobilized and stopped a short distance later. SF DA won’t charge suspect in Embarcadero Father’s Day shooting Three occupants fled the vehicle on foot but were apprehended a short while later. The suspects, a 13-year-old male from Daly City, a 14-year-old male from Colma, and a 13-year-old female from South San Francisco, were arrested."We'd like to extend a huge thank you to San Mateo PD Officers for assisting us with stopping the vehicle and apprehending the suspects," said San Bruno PD.A photo from San Bruno PD showed that the vehicle was a white Hyundai.

Speaker McCarthy supports expunging Trump’s impeachments over Ukraine and Jan. 6

Published Tue, 25 Feb 2025 23:19:03 GMT

WASHINGTON (AP) — House Speaker Kevin McCarthy said Friday he supports the idea of expunging the two impeachments of Donald Trump as hard-right Republican allies of the former president introduce a pair of proposals to declare it as though the historic charges never happened.McCarthy told reporters that he agrees with Reps. Marjorie Taylor Greene and Elise Stefanik who want to erase the charges against Trump from the former president’s impeachments of 2019 and 2021. “I think it is appropriate,” said McCarthy, the Republican from California. “Just as I thought before — that you should expunge it, because it never should have gone through.”Pressed on his views, McCarthy said he agreed with expunging both of Trump’s impeachments — the abuse of power charges in 2019 over pressing Ukraine’s president to dig up dirt on rival Joe Biden and the 2021 charge that Trump incited the Jan. 6, 2021 insurrection at the Capitol as Trump supporters tried to overturn Biden’s election.In both cas...

1st US charges against China-based companies accused of selling fentanyl chemicals filed

Published Tue, 25 Feb 2025 23:19:03 GMT

WASHINGTON (AP) — The Justice Department has for the first time charged China-based companies and employees with supplying chemicals needed to make fentanyl, a primary driver of an overdose crisis gripping the United States, top officials said Friday.The companies openly advertised the chemicals on social media platforms and shipped them surreptitiously to buyers, even adding molecules to evade testing, said Attorney General Merrick Garland.“We are targeting every step of the movement and manufacturing sale of fentanyl, from start to finish,” Garland said.Two of the eight people charged have been arrested in the Drug Enforcement Administration investigation into four companies, which also seized more than 200 kilograms of precursor chemicals needed to make fentanyl. The synthetic opioid is considered exponentially more addictive than heroin and is now the leading cause of death for Americans ages 18 to 49. They gave customers blueprints for making fentanyl and targeted advertising t...