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Stock market today: Wall Street drops as markets tumble worldwide

Published Wed, 05 Mar 2025 04:25:43 GMT

NEW YORK (AP) — A worldwide swoon for financial markets is carrying over to Wall Street, and stocks are falling further on Wednesday.The S&P 500 was 0.8% lower in early trading, a day after dropping 1.1% as the U.S. government creeps closer to a possibly disastrous default on its debt. The Dow Jones Industrial Average was down 222 points, or 0.7%, at 32,832, as of 10:10 a.m. Eastern time, while the Nasdaq composite was 0.8% lower.Other markets around the world were hit even harder as discouraging figures piled up on the economy. Stock indexes tumbled 2.2% in London, 2.1% in Frankfurt and 1.6% in Hong Kong.Inflation in the United Kingdom remains worse than expected, raising worries that the Bank of England may keep hiking interest rates and squeezing its economy. In Germany, business confidence fell in Europe’s largest economy. And in China, worries remain about a weaker-than-hoped reopening from COVID restrictions as tensions rise with the United States over technology and secur...

‘Embodiment of a sunbeam’: Canadian actor, musician Samantha Weinstein dies at 28

Published Wed, 05 Mar 2025 04:25:43 GMT

TORONTO — A Canadian actor and musician who won accolades from an early age is being remembered as an inspiring artist who lived “the best life” and continued to work even in her final days.  Samantha Weinstein, 28, died on May 14 at Toronto’s Princess Margaret Hospital after being diagnosed with ovarian cancer 2 1/2 years ago. Weinstein had been acting since the age of six, with multiple credits to her name, including for voicing various characters in animated television series. “Sam was actually a living embodiment of a sunbeam,” said her father, David Weinstein. “She was so full of positive energy, anyone who ever met her would say that she just lit up every room she walked into.”Weinstein played high school student Heather in the 2013 remake of “Carrie,” starring Chloe Grace Moretz and Julianne Moore, and was cast as Audrey in the 2011 comedy “Jesus Henry Christ,” starring Toni Collette.As a child, she had a starring role in “Big Girl,” which won the Best Canadian Short Film awa...

School board investigating letter alleging violence, disorder at Mississauga school

Published Wed, 05 Mar 2025 04:25:43 GMT

The Peel District School Board (PDSB) is investigating an anonymous letter that alleges out-of-control violence and “disorderly conduct” at a Mississauga middle school.The letter, making the rounds on social media, appears to be written by a Tomken Road Middle School staff member. It claims that students, teachers, and staff have faced countless unsafe interactions and that the school climate is one of “violence” and “fear.”“It has become impossible to maintain any sense of dignity at our school,” reads the letter. “Students will ignore any boundaries or structure remaining at our school.”“We write this letter as a desperate call for help to make changes to our learning environment to make it the safe place it once was.”This morning I received this letter from a teacher at a Mississauga school. I have verified the existence and identity of its author and its authenticity. @trusteemcdonald @peelschools @pdsbdirec...

What to know about Ron DeSantis, Florida’s governor set to seek presidency

Published Wed, 05 Mar 2025 04:25:43 GMT

After months of anticipation, Florida Gov. Ron DeSantis is expected to formally enter the Republican presidential primary contest on Wednesday. As of now, he is considered former President Donald Trump’s strongest GOP rival in the crowded 2024 contest, but many voters are only just starting to get to know the 44-year-old governor.Here are five things to know about DeSantis, the Republican Party’s newest presidential contender:DESANTIS’ EARLY LIFEA Florida native with family roots in the Midwest, DeSantis was a standout baseball player in his younger years. He represented the Dunedin, Florida, squad in the 1991 Little League World Series before becoming the captain of Yale University’s team.After a short stint teaching high school, he went on to Harvard Law School. He then became a Navy Judge Advocate General officer, a position that took him to Iraq and the Guantanamo Bay detention camp.DeSantis ran for Congress in 2012, won his Orlando-area district and became a f...

UN: Sudan conflict displaces over 1.3 million, including some 320K to neighboring countries

Published Wed, 05 Mar 2025 04:25:43 GMT

CAIRO (AP) — The fighting between Sudan’s military and a powerful paramilitary force has displaced more than 1.3 million people, the U.N. migration agency said Wednesday.The International Organization for Migration said the clashes have forced over 1 million people to leave their homes to safer areas inside Sudan. Some 320,000 others have fled to the neighboring countries of Egypt, South Sudan, Chad, Ethiopia, the Central African Republic and Libya.The fighting erupted on April 15 after months of escalating tensions between the military, led by Gen. Abdel-Fattah Burhan, and the Rapid Support Forces commanded by Gen. Mohamed Hamdan Dagalo. The conflict derailed Sudanese hopes of restoring the country’s fragile transition to democracy, which was disrupted by a military coup led by the two generals in October 2021.The conflict has killed at least 863 civilians, including at least 190 children, and wounded more than 3,530 others, according to the most recent numbers from the Sudan...

Islamic scholar acquitted of rape by Swiss court, but potential trial awaits Tariq Ramadan in France

Published Wed, 05 Mar 2025 04:25:43 GMT

GENEVA (AP) — A Swiss court on Wednesday acquitted noted Islamic scholar Tariq Ramadan on charges of rape and “sexual constraint,” citing lack of material evidence more than a decade after the alleged actions, contradictory witness statements and what resembled love messages to the accused.The court said it would pay Ramadan’s lawyers’ fees.It was a first victory for the former Oxford scholar with a worldwide reputation who had a brutal fall from grace with similar accusations still pending in France.Ramadan faces potential trial in France over allegations by several other women that emerged more than five years ago. Ramadan, a Swiss citizen, was jailed in February 2018 in France and handed preliminary rape charges over two alleged assaults in France, one in 2009 and another in 2012. A third woman filed a rape complaint against him in March. He was released on bail nine months later.The outspoken scholar has consistently denied any wrongdoing and filed a lawsuit sa...

WATCH LIVE | Mayor Johnson to preside over his first Chicago City Council meeting

Published Wed, 05 Mar 2025 04:25:43 GMT

CHICAGO — Newly inaugurated Chicago Mayor Brandon Johnson will preside over his first Chicago City Council meeting Wednesday; a meeting with a packed agenda. In addition to officially organizing the councils many committees, to include chairperson appointments, a discussion and vote is expected on a $51 million aid package to assist migrants being moved into the city. If approved, the money will be used for staffing shelters, providing meals, and supporting the migrants in other ways such as with legal assistance. Retired Chicago officer shot while attempting to stop carjacking on West Side WGN plans to livestream the city council meeting, to include any pre-council press conferences and Mayor Johnson's expected post-council availability, within this story beginning at approximately 9:30 a.m.

2 men shot while walking in Portage Park

Published Wed, 05 Mar 2025 04:25:43 GMT

CHICAGO — Two men were shot while walking in the city's Portage Park neighborhood.The shooting happened just after 11 p.m. Tuesday in the 400 block of North Long. Police said two men were walking when they heard shots and felt pain.A 27-year-old man was shot in the inner right thigh and transported to Loyola Hospital in good condition. A 29-year-old man was shot twice in the right arm and transported to Stroger Hospital in good condition.No one is in custody. Area Four detectives are investigating.According to police, the victims are known to police.

Millionaire planned to escape Florida jail, fly private jet to French 'castle'

Published Wed, 05 Mar 2025 04:25:43 GMT

FORT LAUDERDALE, Fla. (AP) — Authorities say they’ve foiled an elderly businessman’s plan to escape a Florida jail and return to France where he had previously fled in an attempt to avoid child pornography charges.A tip from outside the jail sparked a two-month investigation of John Manchec, 78, and people he had enlisted in his escape plan, Indian River County Sheriff Eric Flowers said Monday during a news conference.“Essentially, the plan comes down to this,” Sheriff Flowers said. “These folks that are on the outside are going to wait until Manchec has a doctor's visit, and they are going to take out our corrections staff while he's out at the medical facility.”This photo provided by Indian River County Sheriff's Office shows John Manchec. Sheriff's deputies in Florida say they foiled an elaborate escape plan by Manchec, a 78-year-old, dual citizenship businessman who is facing multiple child pornography charges stemming from a 2014 arrest. A tip from the outside sparked a two mon...

'Robot dog' coming to Los Angeles police after vote

Published Wed, 05 Mar 2025 04:25:43 GMT

LOS ANGELES (KTLA) -- A four-legged “robot dog” is the newest member of the Los Angeles Police Department after the City Council voted 8-4 to approve its acquisition on Tuesday.The robot -- a quadruped unmanned ground vehicle called “Spot” -- is manufactured by Boston Dynamics and is valued at nearly $280,000.Spot was first offered as a gift to the LAPD's Metropolitan Division by the Los Angeles Police Foundation in March. The foundation is a nonprofit group that has "awarded more than $44 million in grants to the LAPD" since 1998, according to its website."Spot", a quadruped robot developed by Boston Dynamics, is displayed on June 9, 2022, during a presentation to the media at the Archaeological Park of Pompeii, near Naples, southern Italy. (Photo by Andreas SOLARO / AFP) LAPD said the robot will be used in a limited number of scenarios, including “incidents involving active shooters, assessment of explosives, hostage situations, natural disasters, hazardous materials assessment, ...