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Stock market today: Wall Street ticks higher ahead of Federal Reserve decision on interest rates

Published Sat, 22 Feb 2025 11:35:20 GMT

TOKYO — Wall Street ticked higher early Wednesday ahead of a decision on interest rates by the Federal Reserve.Futures for the both the S&P 500 and the Dow industrials were up about 0.2% before the bell. The Fed gathered Tuesday for a two-day meeting on interest rates and will announce a policy decision later Wednesday. The Fed is largely expected to keep its benchmark rate where it is, around 5.3%, a more than two-decade high. There is a wider split on the thinking about whether the Fed will raise rates again this year, but most anticipate that rates will begin to be trimmed at some point next year. Cutting rates can infuse markets with oxygen, which is part of the reason why the Fed has maintained elevated rates. Fed Chair Jerome Powell is seeking to slow frothy investments and cool a red-hot job market in an effort to get inflation under control. Yet the broader U.S. economy, and in particular the job market, continue to held up much better than expected despite rising rates ...

France rolls out the red carpet for King Charles III’s state visit

Published Sat, 22 Feb 2025 11:35:20 GMT

PARIS (AP) — King Charles III of the United Kingdom starts a three-day state visit to France on Wednesday meant to highlight the friendship between the two nations with great pomp, after the trip was postponed in March amid widespread demonstrations against President Emmanuel Macron’s pension changes.Charles and Queen Camilla were greeted by Prime Minister Elisabeth Borne at Paris-Orly airport. They were to attend a ceremony at the Arc de Triomphe in the presence of Macron and his wife, Brigitte. The visit shows “the deep historical ties that unite our two countries. It is also an opportunity to showcase France’s cultural, artistic and gastronomic excellence,” the French presidency said. At the Arc de Triomphe, both national anthems will be played before a review of French troops and a wreath laying at the Tomb of the Unknown Soldier to “mark the shared sacrifices of the past and an enduring legacy of cooperation,” according to Buckingham Palace.The jet fighters of the Patrouille de...

Putin accepts invitation to visit China in October after meeting Chinese Foreign Minister in Moscow

Published Sat, 22 Feb 2025 11:35:20 GMT

MOSCOW (AP) — Russia’s President Vladimir Putin said Wednesday he accepted an invitation from his Chinese counterpart to visit China in October during the Belt and Road Summit. Speaking after a meeting with Chinese Foreign Minister Wang Yi in Moscow, Putin said Russia and China are “integrating our ideas of creating a large Eurasian space,” noting that China’s Belt and Road Initiative is a part of that.The Initiative is a huge program in which Beijing has been expanding its influence in developing regions through infrastructure projects.Since Russia invaded Ukraine, Putin has pivoted the country toward China, selling it more energy, and increasingly carrying out joint military exercises. China has adopted a neutral stance on the war in Ukraine and even denounced Western sanctions against Moscow. It also accused NATO and the United States of provoking Putin’s military action and declared last year that it had a “no-limits” friendship with Russia.On Tuesday, senior Russian...

Rep. James E. Clyburn writing book about eight Black congressmen from the 19th century

Published Sat, 22 Feb 2025 11:35:20 GMT

NEW YORK (AP) — U.S. Rep. James E. Clyburn is working on a history book he calls a “passion project”: The story of the eight Black congressmen who represented South Carolina in the decades immediately following the Civil War.Little, Brown and Company announced Wednesday that it has a deal with Clyburn for “The First Eight,” which does not yet have a release date. Clyburn, a Democrat first elected to Congress in 1992, is the first Black to represent South Carolina in the House of Representatives since George Washington Murray in the 1890s, when the Jim Crow segregation laws became fully entrenched in the South.“The lives and legacies of these ‘unique eight’ have been known to me for some time,” Clyburn said in statement, “but it is clear to me from my conversations in my home state and around the country, that their contributions and significances are not well known and appreciated nor are the devious and dubious circumstances and conditions that were made legal by state ...

Million-selling novelist Isabel Allende has a deal to write 3 children’s books

Published Sat, 22 Feb 2025 11:35:20 GMT

NEW YORK (AP) — After 40 years of publishing and millions of book sales worldwide, Isabel Allende is ready to become a children’s author. Allende has a deal with Philomel Books, an imprint of Penguin Young Readers, for three picture books. She will start with “Perla, The Mighty Dog,” to be released next June. Illustrated by Sandy Rodriguez and inspired by Allende’s rescue dog, “Perla” is the story of a dog with a big heart, a loud bark and fierce loyalty to her human soulmate, Nico Rico. “I love dogs more than people because we have so much to learn from them. Perla is joyful, loyal, loves unconditionally and is always ready to protect her family,” Allende said in a statement Wednesday. “Perla and Nico’s adventures are about the power of friendship, teamwork and the magic hidden in our daily lives.” Allende, 81, is known for such novels as “The House of the Spirits” and “Eva Luna.” The Associated Press

British police officer is charged with murder of unarmed Black man in London

Published Sat, 22 Feb 2025 11:35:20 GMT

LONDON (AP) — An officer with London’s Metropolitan Police force who fatally shot an unarmed Black man has been charged with murder, prosecutors said Wednesday. Chris Kaba, 24, was killed in south London on Sept. 5 last year, after police pursued his car and tried to stop it. His vehicle was hemmed in by two police cars in a narrow residential street in the Streatham Hill neighborhood. Police fired one round at Kaba, who was shot through the windscreen of the car he was driving.Rosemary Ainslie, from the Crown Prosecution Service, said that following a thorough review of evidence, a charge of murder was authorized against the police officer, who remains unnamed.Kaba died after he was struck by a single bullet, she said. The police officer was suspended from duty following the incident and is expected to appear at Westminster Magistrates’ Court on Thursday.The case has sparked outcry and criticisms of institutional racism in the police force. Kaba’s family welcomed Wednes...

GTA school boards fly Pride flags in face of protests opposing gender ideology

Published Sat, 22 Feb 2025 11:35:20 GMT

Pride flags are flying outside a number of school boards in the GTA on Wednesday in a show of support for 2SLGBTQ+  communities.The flag-flying comes ahead of demonstrations planned the same day against the teaching of gender and sexual diversity in schools. Members of the group ‘1-Million-March-4-Children’ say rally participants are “standing together against gender ideology in schools” and are in favour of the elimination of curriculum that teaches it.The group will be at various locations across the country, including Queen’s Park in Toronto and city halls in Milton and Mississauga.In response, the public school boards in Toronto, Peel, Halton and Durham have released statements and raised Pride flags at all of their offices on Tuesday. The boards plan to fly the flags for the rest of the week.“There are demonstrations scheduled to take place in our city this week which, in some past cases, have fostered inflammatory, transphobic, and hateful b...

Girl, 11, beaten on Chicago's West Side

Published Sat, 22 Feb 2025 11:35:20 GMT

CHICAGO —  An 11-year-old girl was hospitalized after being beaten Sunday night on the city's West Side.The incident happened around 8:45 p.m. on the 1900 block of South Spaulding Avenue in the North Lawndale neighborhood.Police said the girl was outside when she was approached by an offender who struck her with an object. A second offender then began to batter the 11-year-old, according to police.A person at the scene intervened and a physical altercation ensued.The girl was transported to Lurie Children's Hospital. Her condition and injuries are unknown at this time. Man found dead inside Glenview home No one is in custody. Area Four Detectives are investigating.

Alexander Canario has a trio of firsts in Cubs' blowout win

Published Sat, 22 Feb 2025 11:35:20 GMT

CHICAGO — In the midst of a decisive victory, a Cubs' rookie had two memorable firsts of his career at the Friendly Confines.You might say Alexander Canario did so in "grand fashion" late Tuesday evening. (Photo by Michael Reaves/Getty Images)The first year outfielder got his first major league homer in the eighth inning of a 14-1 win over the Pirates at Wrigley Field, doing so with the bases loaded off pitcher Kyle Nicolas. Canario excitedly made his way around the bases after this major first in his career, and it was a rare one over the past two decades for the Cubs.According to the team, this is only the second time since 2000 that a player on the Cub's first major league home run was a grand slam. Catcher Taylor Davis did the same for the team against the Cardinals in St. Louis on May 4, 2019 at Wrigley Field. This was only one part of what was already a memorable night for Canario, who came through with two firsts in his career on the same at-bat in the sixth inning. That's wh...

Here's how much CEOs of striking autoworkers made last year 

Published Sat, 22 Feb 2025 11:35:20 GMT

(The Hill) -- The United Auto Workers (UAW) union is on strike after demands for better wages, benefits and job protections for its members were not met by last Friday's deadline.UAW began its strike against the three automakers last Friday and will continue striking if progress is not made by Friday, Sept. 22, UAW president Shawn Fain said. According to a recent analysis, profits at Ford, General Motors and Stellantis collectively increased about 92 percent in the last decade. The union has justified its wage demands by pointing to recent profit growth and to the increased compensation of the three respective CEOs.Here's how much each Big Three CEO made last year:StellantisStellantis CEO Carlos Tavares on Feb. 26, 2020. (AP Photo/Michel Euler, File)In 2022, Stellantis CEO Carlos Tavares is reported to have made $15.71 million (14.9 million euros) and $25 million (23.46 million euros), according to Reuters and ABC News, respectively.In Feb. 2022, Reuters reported...