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Stock market today: Stocks rise, yields sink after Fed indicates rate cuts are coming

Published Fri, 07 Feb 2025 07:08:52 GMT

NEW YORK (AP) — Stocks are rising, and bond yields are sinking Wednesday after the Federal Reserve indicated cuts to interest rates may be coming next year. Wall Street has been craving such cuts, which can relax pressure on the economy and goose prices for investments. The S&P 500 was 0.6% higher, up from virtually flat just before the Fed’s announcement. It’s within 3% of its record high, set early last year, after charging higher since October on expectations that cuts to rates are coming. The Dow Jones Industrial Average was up 226 points, or 0.6%, as of 2:13 p.m. Eastern time, and the Nasdaq composite was 0.6% higher. The Fed held its main interest rate steady at a range of 5.25% to 5.50%, as was widely expected. It’s hiked that rate up from virtually zero early last year in hopes of slowing the economy and hurting investment prices by exactly the right amount: enough to snuff out high inflation but not so much that it causes a painful recession. With infl...

La Reserva Federal deja las tasas de interés como están

Published Fri, 07 Feb 2025 07:08:52 GMT

La Reserva Federal volvió a mantener estables los tipos de interés en su última reunión del año el miércoles.El banco central de Estados Unidos dejó su tipo de referencia entre el 5.25% y el 5.50%, nivel en el que se encuentra desde finales de julio.Esa fue la tercera reunión consecutiva en la que la Reserva Federal dejó las tasas sin cambios después de subirlas a un ritmo históricamente rápido a partir de marzo de 2022.La inflación anual rondaba el 8% cuando la Reserva Federal comenzó a subir las tasas el año pasado. La inflación sigue desacelerándose en EEUU: en noviembre se situó en 3.1% Biden asegura que su gobierno ha logrado avances en la reducción de la inflación En junio alcanzó un máximo del 9.1%. En noviembre, la inflación había descendido a un nivel más manejable del 3.1%.“La inflación ha disminuido durante el año pasado, pero sigue siendo elevada”, dijo la Reserva Federal en un comunicado. “Es probabl...

Legia Warsaw gets $108,000 fine and 5-game away fans ban in Europe for violence at Aston Villa

Published Fri, 07 Feb 2025 07:08:52 GMT

NYON, Switzerland (AP) — UEFA banned Legia Warsaw fans from five away games in European competitions on Wednesday after a second outbreak of violence outside stadiums this season.Aston Villa cited in a complaint to UEFA “ unprecedented violence ” from Legia fans ahead of the teams’ game on Nov. 30 in the Europa Conference League in Birmingham, England.Legia’s ticket allocation had been cut by local authorities in response to disorder at the team’s game in the Netherlands at AZ Alkmaar in October.UEFA said its disciplinary panel imposed a fine of 100,000 euros ($108,000) and the five-game ticket sales ban for “crowd disturbances, acts of damage, throwing of objects and lighting of fireworks.”The Polish club also was ordered to contact Aston Villa to settle costs for damage caused by fans.Legia needs just a draw at home against AZ to advance in the third-tier European competition.___AP soccer: https://apnews.com/hub/SoccerSource

A common abortion pill will come before the US Supreme Court. Here’s how mifepristone works

Published Fri, 07 Feb 2025 07:08:52 GMT

Medication abortion is the preferred method of ending pregnancy in the U.S., and one of the two drugs used — mifepristone — will now go in front of the U.S. Supreme Court next year. Demand for the abortion pills mifepristone and misoprostol has grown as states have imposed bans or restrictions or seek to limit abortions after the reversal of Roe v. Wade in June 2022.Conservative groups filed lawsuits targeting mifepristone, which is the only drug approved specifically for abortion, seeking to reverse its approval or rollback policies that have made it easier to obtain. The Supreme Court will hear a case in the spring that could block mail-order access to mifepristone and impose restrictions on its use, even in states where abortion remains legal. The restrictions include shortening the window during pregnancy in which the drug can be used and requiring in-person office visits to get a prescription.Here’s a closer look at how mifepristone and misoprostol work and the legal chal...

Shohei Ohtani to be introduced at Dodger Stadium on Thursday after record $700 million deal

Published Fri, 07 Feb 2025 07:08:52 GMT

LOS ANGELES (AP) — The Los Angeles Dodgers called a Thursday news conference to introduce Shohei Ohtani, who has not answered questions from reporters in more than four months.The two-time AL MVP agreed to a record $700 million, 10-year contract last weekend, a deal that the team announced Monday and provides that 97% of the money be deferred without interest and not fully paid until 2043.Ohtani will be introduced during a news conference in Dodger Stadium’s Centerfield Plaza starting 3 p.m. PST.A unique two-way star as both a hitter and pitcher, the 29-year-old left the Los Angeles Angels as a free agent after six years.He last spoke with reporters on Aug. 9, two weeks before a pitching injury that required surgery and will keep him off a mound until 2025. He had the operation on Sept. 19, but the nature of the surgery was not fully announced. Ohtani had Tommy John surgery on Oct. 1, 2018..Ohtani’s move from Anaheim to Hollywood has sent fans on both sides of the Pacific Ocea...

Colorado has the world's largest elk population, but it wasn't always that way

Published Fri, 07 Feb 2025 07:08:52 GMT

DENVER (KDVR) -- Colorado has the largest elk population in the world, but it hasn't always been that way.According to CPW, there are an estimated 280,000 elk in the state, but in the early 1900s, only 40,000 elk roamed in North America. Colorado Parks and Wildlife spots rare 1 in 100,000 piebald cow elk The elk population dwindled due to unregulated market hunting, according to CPW. Now, Rocky Mountain elk are one of the greatest conservation success stories in Colorado.How elk went from dwindling to thriving in ColoradoCPW and conservation partners made it happen with rigorous studies and relocation efforts. In 1916, 50 elk were brought to Colorado from Wyoming to help re-establish dwindling herds. They were released in Idaho Springs and the Greenhorn Mountains, according to CPW."From these limited transplants, and through decades of trapping and relocation efforts by wildlife managers, elk populations have soared to the abundant herds for which Colorado is now famous," the CPW...

Broncos name Garett Bolles as Man of the Year nominee

Published Fri, 07 Feb 2025 07:08:52 GMT

DENVER (KDVR) -- The Denver Broncos have named Garett Bolles as a nominee for the 2023 Walter Payton NFL Man of the Year award.Bolles has played with the Broncos since being drafted in the first round of the 2017 NFL Draft from the University of Utah. He has played all 94 games during the seven seasons he's been on the team. Waffle House server receives $1,000 tip from Broncos player The Broncos highlighted his consistent impact on the local community, including being named the Broncos' Community Impact Award winner in 2022 and a Broncos Community Ambassador in 2021. Bolles has specifically focused a lot of attention on providing impactful mentorship to justice-involved youth, according to the Broncos."He has impacted hundreds of youth with his outreach, providing mentorship and developing a unique, in-person connection with each child," the Broncos said.He is also passionate about his foundation, the GB3 Foundation, which focuses on empowering youth with learning disabi...

Proposed Colorado license plate would help preserve historic landmarks

Published Fri, 07 Feb 2025 07:08:52 GMT

DENVER (KDVR) — A historic preservation organization wants to create a new specialty group license plate that "highlights the importance of saving places."The Colorado Preservation, Inc. is a statewide nonprofit that promotes historic preservation by providing advocacy, education, outreach and preservation services, according to its website. The nonprofit wants to introduce a new specialty license plate that can be purchased to support historic landmarks across Colorado.“Colorado is fortunate to have many options for individuals to personalize their cars and show what is important to them.  While there are many options, there is not one yet that features the importance of place and the many historic landscapes, buildings, and cultures that make up communities across Colorado," said CPI Executive Director Jennifer Orrigo Charles. Starting soon, you can buy this dino-themed license plate for your car The design of the proposed license plate features the iconic white mountains w...

Painting honoring Oprah Winfrey unveiled at Smithsonian’s National Portrait Gallery

Published Fri, 07 Feb 2025 07:08:52 GMT

(CNN) — Shawn Michael Warren can thank a mural for connecting him with his very famous muse.Three years ago, the Chicago artist painted Oprah Winfrey’s image as part of a mural in the city’s West Loop neighborhood, curated by the B_Line Projects to honor the media mogul whose famed talk show and production company had been based in the area.In a video Warren shared on Instagram at the time, Winfrey said when she first saw the mural it took her “breath away.”“I was so impressed by Shawn Michael Warren’s artistry, the creativity, the way he was able to capture a feeling of hope and inspiration and strength,” she said of his work.Fast forward to Wednesday in Washington, DC, where the artist and Winfrey were together to unveil a new portrait Warren painted of her for the Smithsonian National Portrait Gallery.The painting shows Winfrey looking resplendent in a purple dress, holding an olive branch.In the audience were Winfrey’s best friend Gayle King, friend and director A...

Braintree police arrest suspects involved in gift card scam ring, recover thousands of cards in the process

Published Fri, 07 Feb 2025 07:08:52 GMT

Police in Braintree say officers arrested two suspects and recovered over 4,600 gift cards believed to have been stolen as part of a gift card scam, similar to others happening across the country.On their Facebook page, the Braintree Police Department said the arrests happened on Monday, Dec. 11, after officers were alerted to a pair of suspects who were allegedly removing gift cards from a CVS display rack on Grove Street.Police went on to locate a vehicle believed to be involved in the incident and came across four bags that were “full of Apple, Nike, Sephora and Visa gift cards.”“In total [the officers] recovered 4,617 cards,” Braintree PD stated.As a result of the investigation, authorities said YanYan Liu and Na Dong of Flushing, New York, were arrested and charged with both shoplifting as well as receiving stolen property.In their social media post, the department described the alleged incident as being similar to scams “currently happening across...