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S&P/TSX composite down almost 100 points, U.S. markets rise despite bank failures

Published Tue, 25 Feb 2025 11:35:59 GMT

TORONTO — U.S. stock markets ticked higher mid-morning after a rocky start to what’s shaping up to be a volatile trading day amid fears of financial contagion in the U.S. after the second- and third-largest bank failures in that country’s history, while Canada’s main stock index edged lower on weakness in the energy and financial sectors. The S&P/TSX composite index was down 95.75 points at 19,679.17.In New York, the Dow Jones industrial average was up 252.38 points at 32,162.02. The S&P 500 index was up 31.55 points at 3,893.14,while the Nasdaq composite was up 146.71 points at 11,285.60.The Canadian dollar traded for 73.06 cents US compared with 72.43 cents US on Friday.The April crude contract was down a dollar at US$75.68 per barrel and the April natural gas contract was up 15 cents at US$2.58 per mmBTU.The April gold contract was up US$44.10 at US$1,906.10 an ounce and the May copper contract was down a penny at US$4.04 a pound.This report by The Canadian Pr...

Rights group: Egypt withheld documents of dissidents abroad

Published Tue, 25 Feb 2025 11:35:59 GMT

Egypt’s authorities refused to produce or renew documents for dozens of journalists, critics and lawyers living abroad, a leading rights group said Monday, in a clampdown on dissent that reaches overseas.According to an investigation undertaken by U.S.-based Human Rights Watch last year, Egyptian authorities refused to provide or renew birth certificates, passports and other essential documents despite requests from some 26 Egyptians residing abroad.The 26 dissidents, journalists and lawyers were living in Turkey, Germany, Malaysia, Qatar and two other undisclosed countries in Africa and the Gulf when the investigation took place, HRW said. Egypt’s authorities did not immediately respond to The Associated Press’ request for comment.Since coming to power in 2013, President Abdel Fattah el-Sissi’s government has overseen a wide-ranging crackdown on dissent, jailing thousands. Authorities have targeted not only Islamist political opponents but also pro-democracy activists, journa...

Activists: Slow response led to 30 migrant deaths off Libya

Published Tue, 25 Feb 2025 11:35:59 GMT

MILAN (AP) — An activist network that supports rescue operations in the Mediterranean Sea is accusing Italy of failing to offer timely assistance to a smugglers’ boat in distress, resulting in a deadly shipwreck that left at least 30 migrants missing and presumed dead in Libya’s search-and-rescue area.Seventeen survivors were rescued in an operation about 100 miles off the Libyan coast Sunday partially coordinated by the Italian Coast Guard. The incident comes two weeks after another shipwreck off the coast of southern Italy left at least 79 people dead.The wrecks have focused attention on Italian and European protocols for responding to suspected smuggling boats; crossings through the deadly central Mediterranean Sea have doubled over past year.The migrants in the most recent incident died when their wooden boat capsized as a merchant vessel, the Froland, approached the boat in distress that was carrying nearly 50 people. Alarm Phone, which notifies authorities of migrants in need ...

$11 million to restore the Upper Des Plaines River watershed ecosystem

Published Tue, 25 Feb 2025 11:35:59 GMT

LIBERTYVILLE, Ill. — The U.S. Army Corps of Engineers has a new project in Lake County following an $11 million earmark.Construction will begin soon on a "combined flood protection and ecosystem restoration project for the Upper Des Plaines River watershed," according to a release from U.S. Senator Dick Durbin's office. Chicago man files class action suit against Buffalo Wild Wings, says boneless wings are just nuggets Durbin (D-IL) is scheduled to hold a news conference Monday to discuss the project and the federal funding earmarked for the ecosystem restoration portion.WGN plans to livestream the event within this story beginning at approximately 11:15 a.m.

WATCH LIVE | 'Gender equity' across Chicago's city workforce

Published Tue, 25 Feb 2025 11:35:59 GMT

CHICAGO — Mayor Lori Lightfoot plans to announce changes for the city's employees at a Monday morning press conference.Details of the announcement have not been provided as of this article's writing. A press release from Lightfoot's office states "Mayor Lightfoot will join community and City leaders for announcements related to gender equity across the City workforce." Biden tells U.S. to have confidence in banks after collapse The event is scheduled to take place at 11 a.m. from the mayor's press briefing room.WGN is planning to livestream the event in its entirety within this story beginning at approximately 11 a.m.

Drake's 2023 North American tour with 21 Savage announced

Published Tue, 25 Feb 2025 11:35:59 GMT

Four-time Grammy-winner Drake is teaming up with collaborator 21 Savage for a North American arena tour this year.The It's All a Blur Tour will kick off June 16 in New Orleans and stop in Dallas, Miami, New York, Montreal, Los Angeles and Las Vegas. Additional shows including Toronto will be announced later. ‘Everything Everywhere All at Once’ wins Oscar for Best Picture, 7 total awards The Canadian rapper-singer and Spotify’s most-streamed artist in the U.S. last year put out two albums in 2022, “Honestly, Nevermind” and his collaboration with 21 Savage, “Her Loss.” His last headlining tour was in 2018.During a show at the famed Apollo Theater earlier this year, he hinted at a tour and possibly even more music on the horizon.Several of the stops will be two-night stands, including in Atlanta, Chicago and Boston.Presales will be available through Cash App and Sprite beginning Wednesday and general sales will start Friday.

Are your old coins and bills valuable? Expert explains what to look for

Published Tue, 25 Feb 2025 11:35:59 GMT

(NEXSTAR) - You may have a collection of state quarters you've been working on for years, or a stash of $2 bills you hope have some worth. But when it comes to our currency, are there really any that are worth more than they were meant to be?If you're a currency collector, you know the answer already: yes, there are some dollars and coins that carry a higher value than the U.S. Mint printed on them originally. Pennies adorned with wheat, for example, could be as worth as much as $1,500 if the date next to President Abraham Lincoln's head is just right. Sometimes called a 'wheatie,' those that were never circulated could be worth twice as much. But how can you tell if your penny, quarter, or $2 bill is worth more than $2.26? $2, or more? How rarely seen bills could be worth beyond their printed value "The answer is not always obvious," Dustin Johnson, Vice President of Numismatics (the study or collection of coins, paper money, and medals) at Heritage Auctions tells Nexstar. "Odd i...

Austin hotel searches increase 10x for this year's SXSW

Published Tue, 25 Feb 2025 11:35:59 GMT

AUSTIN (KXAN) — With this year's South By Southwest Festival returning to a full in-person format, searches for Austin hotels on the Hotels.com app have increased tenfold, according to the company. That also means that hotels are becoming even more expensive. Hotels.com said the average room rate within the city during the festival is hovering at around $315 per night. However, if you'd like to stay close to the action, you can expect to pay a hefty premium. The company says hotels in downtown Austin are charging between $500 and $1,000 per night, with some going for even more. "It gets a little less expensive as you move out," said Expedia Group Spokesperson Melanie Fish. "But starting last week, some people I think started canceling their reservations, and all of a sudden there was a little bit of availability. The Driscoll for $400 a night. The Aloft Hotel for around $350. So if you hit it just right, you can still find downtown places to stay."If you're hoping to fly in just for...

WATCH: Hochul briefing on incoming blizzard

Published Tue, 25 Feb 2025 11:35:59 GMT

ROCHESTER, N.Y. (WROC) — Gov. Kathy Hochul will be speaking Monday morning on the upcoming storm expected to hit New York. For much of the state, it's been a fairly green winter most of the season. But for areas such as Buffalo, this winter has proved fatal. Get all of the latest news, weather, sports, and entertainment delivered right to your inbox! Tuesday's storm system is a developing nor’easter, expected to touch the coastline of New England. Governor Hochul will be speaking on the storm outside of the Department of Transportation Garage in Albany. Capital Region snow emergencies for March 13-14 storm There's a severe winter storm warning in effect from Monday at 5 p.m. to Wednesday at 8 a.m. in:Albany CountyBennington CountyBerkshire CountyColumbia CountyDutchess CountyFulton CountyGreene CountyMontgomery CountySaratoga Cou tySchenectady CountySchoharie CountyRensselaer CountyUlster CountyWarren CountyEssex County

City of Albany prepares for incoming storm

Published Tue, 25 Feb 2025 11:35:59 GMT

ALBANY, N.Y. (NEWS10) -- Albany Mayor Kathy Sheehan and the Department of General Services (DGS) Commissioner Sergio Panunzio held a press conference to discuss the City's winter storm preparation and response efforts. Members of the Albany Police Department, Albany Fire Department, and National Grid were in attendance as well to offer safety tips and additional emergency information. Get all of the latest news, weather, sports, and entertainment delivered right to your inbox! Mayor Sheehan said with the expectation of 12-18 inches of heavy wet snow, anyone that doesn't need to be on the road should stay home. The snow is expected to begin late Monday night and continue into Wednesday morning, with the heaviest snow falling during the day on Tuesday. On the topic of parking, Sheehan said that time parking restrictions in Washington and Lincoln Park will be suspended to keep cars off the street for snow removal. Students of UAlbany who are on break should still move their cars off ...