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Stock market today: World shares mixed, oil prices gain ahead of Fed decision on rates

Published Wed, 26 Feb 2025 05:12:05 GMT

TOKYO (AP) — World shares were mixed on Tuesday and oil prices gained as investors awaited a decision by the U.S. Federal Reserve on interest rates due on Wednesday. European markets advanced while shares were mostly lower in Asia. U.S. futures were mixed. The Japanese yen weakened against the dollar after the Bank of Japan changed its language on government bond yields to allow yields on 10-year bonds to rise above 1%, calling it “a reference point” instead of a more rigidly set cap. But the central bank kept its longstanding benchmark interest rate of minus 0.1%. It is on a different track from the U.S. Federal Reserve and other major central banks that have been tightening their monetary policies to counter inflation.That has led to a dramatically weakening Japanese yen that has raised the value in local currency of overseas earnings by Japan’s exporters. On Tuesday, the dollar rose to 150.40 Japanese yen from 149.10 yen. In early European trading, France’s CAC 40 added 0.1...

UN agency in Gaza says urgent cease-fire is a matter of life and death for millions of Palestinians

Published Wed, 26 Feb 2025 05:12:05 GMT

UNITED NATIONS (AP) — The head of the United Nations agency for Palestinian refugees told a U.N. emergency meeting Monday “an immediate humanitarian cease-fire has become a matter of life and death for millions,” accusing Israel of “collective punishment” of Palestinians and the forced displacement of civilians.Philippe Lazzarini warned that a further breakdown of civil order after the agency’s warehouses were broken into by Palestinians searching for food and other aid “will make it extremely difficult, if not impossible, for the largest U.N. agency in Gaza to continue operating.”Briefings to the Security Council by Lazzarini, the head of the U.N. children’s agency UNICEF and a senior U.N. humanitarian official painted a dire picture of the humanitarian situation in Gaza 23 days after Hamas’ surprise Oct. 7 attacks in Israel, and its ongoing retaliatory military action aimed at “obliterating” the militant group, which controls Gaza.According to the latest figures from Gaza’s Minist...

Buenaventura: Q3 Earnings Snapshot

Published Wed, 26 Feb 2025 05:12:05 GMT

LIMA, Peru (AP) — LIMA, Peru (AP) — Compania de Minas Buenaventura SAA (BVN) on Monday reported a loss of $28 million in its third quarter.On a per-share basis, the Lima, Peru-based company said it had a loss of 11 cents.The miner posted revenue of $211.3 million in the period.Buenaventura shares have risen 11% since the beginning of the year. The stock has risen 22% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BVN at https://www.zacks.com/ap/BVNSource

AP PHOTOS: A 7-week Rugby World Cup extravaganza ends with a magic fourth title for South Africa

Published Wed, 26 Feb 2025 05:12:05 GMT

PARIS (AP) — A seven-week, 20-team, 48-game rugby extravaganza ended with a magic No. 4 for South Africa.South Africa won a record-breaking fourth Rugby World Cup crown, and became only the second team to retain the title, with a gripping one-point win over old foe New Zealand in Saturday’s final at Stade de France.And so, a green and gold curtain fell on the 10th Rugby World Cup, leaving the Springboks standing alone as the tournament’s most successful team.But with joy for some, comes despair for others. New Zealand missed out on being the first to four by the slimmest of margins in one of the tightest finals ever played. All Blacks captain Sam Cane had to watch most of it from the sidelines after he became the first man to be sent off in rugby’s biggest game.Spare a though, too, for host France and for Ireland, highly-rated ahead of the tournament and embodying the hopes of the northern hemisphere, which has won just one world title in 36 years of Rugby World Cu...

BP: Q3 Earnings Snapshot

Published Wed, 26 Feb 2025 05:12:05 GMT

LONDON (AP) — LONDON (AP) — BP PLC (BP) on Tuesday reported third-quarter net income of $4.86 billion, after reporting a loss in the same period a year earlier.On a per-share basis, the London-based company said it had profit of $1.66. Earnings, adjusted for non-recurring gains, came to $1.15 per share.The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.The oil and gas company posted revenue of $54.02 billion in the period.BP shares have risen roughly 10% since the beginning of the year. The stock has risen 16% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BP at https://www.zacks.com/ap/BPSource

Banco Bilbao: Q3 Earnings Snapshot

Published Wed, 26 Feb 2025 05:12:05 GMT

MADRID (AP) — MADRID (AP) — Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) on Tuesday reported third-quarter net income of $2.27 billion.The Madrid-based bank said it had earnings of 36 cents per share.The bank posted revenue of $8.66 billion in the period. Its revenue net of interest expense was $8.66 billion, exceeding Street forecasts.Banco Bilbao shares have climbed 32% since the beginning of the year. The stock has increased 51% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBVA at https://www.zacks.com/ap/BBVASource

Rambus: Q3 Earnings Snapshot

Published Wed, 26 Feb 2025 05:12:05 GMT

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Rambus Inc. (RMBS) on Monday reported profit of $103.2 million in its third quarter.The San Jose, California-based company said it had profit of 93 cents per share. Earnings, adjusted for non-recurring gains, came to 43 cents per share.The memory chip designer posted revenue of $105.3 million in the period. Its adjusted revenue was $134.3 million.For the current quarter ending in December, Rambus expects its per-share earnings to range from $125 to $143._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RMBS at https://www.zacks.com/ap/RMBSSource

Anheuser-Busch Inbev: Q3 Earnings Snapshot

Published Wed, 26 Feb 2025 05:12:05 GMT

LEUVEN, Belgium (AP) — LEUVEN, Belgium (AP) — Anheuser Busch Inbev SA (BUD) on Tuesday reported third-quarter net income of $1.47 billion.On a per-share basis, the Leuven, Belgium-based company said it had net income of 73 cents. Earnings, adjusted for non-recurring costs, were 86 cents per share.The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 86 cents per share.The brewer posted revenue of $15.57 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $15.76 billion.Anheuser-Busch Inbev shares have dropped 10% since the beginning of the year. The stock has risen slightly more than 7% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BUD at https://www.zacks.com/ap/BUDSource

King Charles III is in Kenya for a state visit, his first to a Commonwealth country as monarch

Published Wed, 26 Feb 2025 05:12:05 GMT

NAIROBI, Kenya (AP) — King Charles III is in Kenya for a four-day trip, his first state visit to a Commonwealth country as monarch, underscoring his commitment to an organization that’s been central to Britain’s global power and prestige since World War II. It’s also a visit full of symbolism as Charles’ mother, the late Queen Elizabeth II, learned that she had become U.K. monarch while visiting a game preserve in the East African nation in 1952.The king and Queen Camilla touched down at Jomo Kenyatta International Airport late on Monday. The royal couple was received by Kenya’s Prime Cabinet Secretary and Foreign Minister Musalia Mudavadi and British High Commissioner to Kenya Neil Wigan.On Tuesday morning, President William Ruto hosted a ceremonial welcome for Charles at State House, complete with a red carpet and a 21-gun salute from the Kenya navy. Charles later planted an African fern tree seedling at the lawn.Camilla accompanied the king while wearing an Anna...

Protesters gather outside Md. Sen. Cardin’s office to call for cease-fire in Gaza

Published Wed, 26 Feb 2025 05:12:05 GMT

Protesters gather in the rain outside Md. Sen. Ben Cardin's Rockville office to call for a cease-fire in Gaza. (WTOP/Kyle Cooper) Protesters gather in the rain outside Md. Sen. Ben Cardin's Rockville office to call for a cease-fire in Gaza. (WTOP/Kyle Cooper) Dozens gathered outside Maryland Sen. Ben Cardin’s office in Rockville on Monday night to call for a cease-fire amid the ongoing war in Gaza.The protest was organized by the Council on American-Islamic Relations. The director of the organization’s Maryland office told WTOP they opted for Cardin’s office because he is chair of the Senate Foreign Relations Committee.“We’re encouraging Sen. Cardin to introduce a resolution in the Se...