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Stock market today: Wall Street rises as inflation keeps cooling

Published Wed, 26 Feb 2025 12:30:58 GMT

NEW YORK (AP) — Stocks rose Tuesday after a cooler reading on inflation cemented Wall Street’s bets for the Federal Reserve to hold off on hiking interest rates this week.The S&P 500 was 0.7% higher in late morning trading, ticking further into heights it hasn’t touched since April 2022. The Dow Jones Industrial Average was up 176 points, or 0.5%, at 34,248, as of 11:13 a.m. Eastern time, while the Nasdaq composite was 0.8% higher.The U.S. stock market has been on a roll amid hopes the economy can avoid a severe recession and inflation will fall enough for the Federal Reserve to take it easier on its rate increases. Tuesday’s report showed that food, fuel and other prices for consumers were 4% higher in May than a year earlier, the latest slowdown from its peak above 9% last summer.The data pushed traders to immediately amp up bets for the Fed on Wednesday to announce no change to interest rates. If it does, that would mark the first meeting in more than a year where it doesn’t ...

Police say boat capsizes in northern Nigeria killing at least 100 people

Published Wed, 26 Feb 2025 12:30:58 GMT

ABUJA, Nigeria (AP) — Police say boat capsizes in northern Nigeria killing at least 100 people.Source

US volleyball star Jordan Larson returning to Nebraska as assistant coach

Published Wed, 26 Feb 2025 12:30:58 GMT

LINCOLN, Neb. (AP) — Three-time Olympian Jordan Larson will return to Nebraska to be a full-time assistant, coach John Cook announced Tuesday.Larson starred with the Cornhuskers from 2005-08 before excelling on the international level. She was team captain and named most valuable player for the U.S. team that won its first Olympic gold medal in Tokyo in 2021.The 36-year-old Larson plans to play in September qualifiers for the 2024 Olympics and then will join the Huskers’ staff.She grew up an hour north of Lincoln, in Hooper, and led Nebraska teams that were the NCAA runner-up in 2005 and national champion in 2006. She was on the Olympic teams that took the silver medal in 2012 and the bronze in 2016, and she helped lead the United States to the 2014 world championship.“I am very excited to be returning to Nebraska,” Larson said. “I can’t wait to learn and help the next generation of volleyball players. It has felt so good to be home even for a short time, and I can’t wait to j...

10 people shot in LoDo after Denver Nuggets win NBA Finals

Published Wed, 26 Feb 2025 12:30:58 GMT

DENVER (KDVR) — Denver Police are investigating multiple shootings that sent 11 people to the hospital after thousands flocked downtown in celebration of the Denver Nuggets' historic NBA Finals win.10 shot in 2000 block of Market StreetJust before 1 a.m. Tuesday, DPD tweeted that they were investigating a shooting in the 2000 block of Market Street. DPD said nine gunshot victims were located. Police said they identified a suspect who also sustained a gunshot wound. Three victims remain in critical condition at a local hospital, and the other victims appear to have non-life-threatening injuries, according to DPD. Photos: Denver Nuggets celebrate championship win At around 1:11 a.m., DPD said they were investigating a shooting in the area of 17th Street and Blake Street where one person was shot. However, officers provided an update that the victim was actually shot in the 2000 block of Market Street and self-transported to the hospital.DPD said shots were fired in the area of 17th...

Were any celebrities cheering on the Nuggets after their NBA championship win?

Published Wed, 26 Feb 2025 12:30:58 GMT

DENVER (KDVR) -- The Denver Nuggets won their first-ever NBA championship Monday night, beating the Miami Heat in 5 games.The city erupted in celebrations after the final buzzer, with thousands taking to the streets of downtown Denver.But were there any notable names among the people cheering?Did any celebrities attend Game 5?In the arena, there were a few celebrities who were spotted cheering on the Nuggets in their Game 5 win, all of whom are likely familiar to Denver sports fans.Former Denver Broncos quarterback Peyton Manning and his family attended for the second time this playoff season, having previously attended Game 2 of the Western Conference Finals. 11 people shot downtown after Denver Nuggets win NBA Finals Russell Wilson, the Broncos' current quarterback, also came to root for the home team with his wife, who is a celebrity in her own right, singer Ciara.Broncos coach Sean Payton was also in attendance.Who congratulated the team online?A few celebrities and notable fi...

1 shot near 16th Street Mall Monday night

Published Wed, 26 Feb 2025 12:30:58 GMT

DENVER (KDVR) — Police are investigating a shooting that sent one person to the hospital late Monday night in the Central Business District. The Denver Police Department tweeted out just before midnight that officers were in the area of 15th Street and Tremont Place on reports of a shooting. The area is a block away from the 16th Street Mall and several downtown hotels.One victim was taken to the hospital, but the extent of their injuries is unknown at this time. 10 people shot in LoDo after Denver Nuggets win NBA Finals DPD is working to obtain suspect information.Anyone who may have witnessed the shooting is asked to contact the Metro Denver Crime Stoppers at 720-913-7867.The shooting happened after thousands of Denver Nuggets fans took to the streets downtown to celebrate the team's historic NBA championship. It is not currently known if the shooting was related to the celebrations downtown.

Sharks, sharks, and more sharks! Boaters on Robinson Island circled by hammerheads

Published Wed, 26 Feb 2025 12:30:58 GMT

ORANGE BEACH, Alabama (WALA) — Boaters and swimmers on Robinson Island got some surprise visitors in the water Saturday.Like many, Paul Hubble and his family took to the water Saturday for a day in the sun at Robinson Island.Out of all the visitors they thought they’d encounter, sharks were the last on their radar.“All of a sudden we started hearing people say shark, shark and then everybody started getting on the boat. People thought they were fixing to get eaten alive or something,” said Hubble.“We got the kids, and I walked around the boat and noticed they were hammerheads. You could tell they were feeding on something and doing their thing. Everybody was climbing all over boats and stuff. It was very dramatic to see for sure in probably like 2 foot of water, if that,” he explained.Hubble says there were 6 to 8 sharks swarming the area, and the clear water made the perfect vantage point.“There was four to six on one side of the boat and all of a sudden, two of them came up ...

Officers patrol area surrounding federal courthouse as demonstrators gather

Published Wed, 26 Feb 2025 12:30:58 GMT

The City of Miami Police officers stepped up their security hours before former President Donald Trump was set to arrive at the federal courthouse in Miami. Around 11 a.m., Homeland Security assisted the local authorities as investigated a suspicious device outside the federal courthouse where former President Donald Trump is set to arrive, Tuesday and less than an hour later officers gave the all-clear before noon.Officers were on the scene as they inspected a flat-screen television tied to a pole that displayed the words, “[Expletive] the communist-controlled media” outside of the building. Officials said the TV had suspicious wiring that poked out of the back.Demonstrators that arrived at 7 a.m. brought signs and props. Trump supporters even dressed up to show support and planned to stay in the area as the former president faces a judge.“Make no mistake about it, we’re taking this event extremely serious, we know that there’s a potential of things t...

Putin admits Russia doesn’t have enough weapons and drones

Published Wed, 26 Feb 2025 12:30:58 GMT

Russian President Vladimir Putin has warned that his armed forces lack the military hardware they need to win the war in Ukraine, while insisting Moscow is ramping up weapons production to fill the gap.Speaking Tuesday at a meeting of pro-war bloggers in the Kremlin, Putin acknowledged that “during the course of the special military operation, it has become clear there are shortages of many things — precision-guided munitions, communications equipment, aircraft, drones and so on.”“We have them, but unfortunately we don’t have enough of them,” he said, according to state media. As well as drones, “modern anti-tank weapons are needed, and modern tanks are needed.”At the same time, Putin claimed that there has been a nearly threefold increase in the production of weapons for the battlefield, rising to a tenfold increase for the most in-demand equipment.Shortages of precision-guided munitions have hampered Moscow’s full-scale invasion, pre...

Instant Brands, maker of Instant Pot and Pyrex, files for bankruptcy

Published Wed, 26 Feb 2025 12:30:58 GMT

New York (CNN) — Instant Brands, the maker of Instant Pot, Corelle, and Pyrex, among other products, has filed for bankruptcy.The Chapter 11 bankruptcy filing, which allows for a reorganization of the company rather than its disappearance in a Chapter 7 filing, came on Monday. The company blamed tighter credit and higher interest rates for the problems leading to the filing but said that it grew rapidly since the start of the pandemic, entering several new product categories and expanding its global footprint. It listed more than $500 million in both assets and liabilities, and said it has received $132.5 million in additional financing from its existing lenders as part of its bankruptcy process.Instant Brands was purchased by private equity firm Cornell Capital in 2017. While some of its products, such as Pyrex and CorningWare are long established brands — Pyrex is 108 years old, and CorningWare is 65 — Instant Pot was only launched in 2010. The company said that at least one ...