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Asian stocks fall after Wall St sinks on new bank fears

Published Tue, 25 Feb 2025 12:23:33 GMT

BEIJING (AP) — Asian stock markets tumbled Thursday after Wall Street sank as a plunge in Credit Suisse shares reignited worries about a possible bank crisis following the failure of two U.S. lenders.Shanghai, Tokyo, Hong Kong and Sydney all dropped, reversing Wednesday’s gains. Oil prices edged higher.Wall Street’s benchmark S&P 500 lost 0.7% on Wednesday after being down as much as 2.1% at one point following a 30% plunge in Credit Suisse’s share price. That fueled jitters about the strength of global banks that are under strain from interest rate hikes to cool inflation.The Credit Suisse fall “shakes already fragile investor sentiment,” said Venkateswaran Lavanya of Mizuho Bank in a report.Major banks in Asia were hit by heavy selling. Shares in Japan’s Mizuho Bank were down 3.9& while Resona Holdings, Japan’s No. 5 bank, fell 4.8%. In Hong Kong, Standard Chartered Plc lost 2.5% and HSBC was 2.5% lower. The Shanghai Composite Index lost 0.4% ...

Baldwin Hills homes in danger after rain-fueled mudslides

Published Tue, 25 Feb 2025 12:23:33 GMT

As a storm battered Southern California Tuesday night, heavy rainfall caused multiple mudslides in Baldwin Hills overnight, trapping cars in sludge and leaving several homes on the edge of disaster. Homeowner Thomas Anderson says he’s doing everything he can to shore up his property even as his next-door neighbor’s home was yellow tagged, meaning they only have limited access to their home but cannot stay in it.  The yellow tag came after mud and debris flowed down their back slope onto El Mirador Drive below.  “Because the hillside went under their slab, one of the bedrooms is right on the edge,” Anderson explained.  Anderson’s property is also in a precarious position.  “We’re doing all we can to hold on, but we’re only this far from the pool, and we don’t want that to go,” he told KTLA. “We just replaced the boards up here to stop the yard from going down and we have a retainer wall right here, but as you can see, it’s falling right down the other side.” Souther...

Waters at Orange County beach closed after massive sewage spill

Published Tue, 25 Feb 2025 12:23:33 GMT

Authorities have closed off ocean access at Doheny State Beach following a massive sewage spill on Wednesday.The waters were contaminated after a 4,000-gallon spill was caused by “an overflow in a main city sewer line in San Juan Capistrano,” said the OC Health Care Agency.Located in Dana Point, ocean access will be prohibited both 1,500 feet upcoast and 1,500 feet downcoast of the San Juan Creek interface, officials said.The affected area will be blocked off from any swimming, surfing or diving. Waters will reopen when the tested water quality “meets acceptable standards,” officials said.Doheny State Beach ocean access closed after a massive sewage spill on March 15, 2023. (OC Healthcare Agency)“I am closely monitoring this situation along with the other incidents occurring throughout Orange County,” said Orange County Supervisor Katrina Foley. “My office has participated in the County’s Emergency Operations Coordination since the Board of Supervisors passed my resolution to declar...

Authorities identify Gilroy man killed in confrontation with car thief

Published Tue, 25 Feb 2025 12:23:33 GMT

GILROY – A man who was shot to death while confronting a car thief Tuesday morning in Gilroy has been identified as Jeffrey Dempler, 32, of Gilroy, according to the Santa Clara County Medical Examiner-Coroner’s Office.Officers were initially called to the 1300 block of Pheasant Drive around 12:25 a.m. for a report of an injury hit-and-run collision, the Gilroy Police Department said in a statement. They arrived to find Dempler with what appeared to be a gunshot wound to his chest.Dempler was taken to an area hospital, where he died of his injuries, according to police.A preliminary investigation revealed Dempler had confronted a person who was trying to steal his car. Police said the person shot Dempler and drove away in his car.The California Highway Patrol located the car and took the suspect into custody south of Salinas after a pursuit, according to police.Related ArticlesCrime and Public Safety | Public’s help sought in identifying suspect in San Jose hit-and-run ...

Suspect barricaded after police respond to assault with deadly weapon in San Jose

Published Tue, 25 Feb 2025 12:23:33 GMT

SAN JOSE, Calif. (KRON) -- A suspect is barricaded as police respond to an assault with a deadly weapon Wednesday night, the San Jose Police Department said on Twitter. Police are also calling this a "family disturbance" incident.As of 10 p.m., police are negotiating with a suspect who is barricaded at a home on the 1300 block of Newport Avenue. SJPD did not provide details about a potential victim(s). Stabbing at San Jose middle school being investigated by police, student in custody The incident was reported at 7:41 p.m. No other information was immediately available. Check back for updates as KRON4 learns more.

Imports leading the way in India’s Women’s Premier League

Published Tue, 25 Feb 2025 12:23:33 GMT

MUMBAI, India (AP) — U.S.-born, Britain-based Tara Norris set the tone early with a five-wicket haul and others including Australia captain Meg Lanning soon followed: Foreign players have starred in India’s long-awaited inaugural Women’s Premier League.It was only Day 2 of the tournament when the Philadelphia-born Norris, the only player from an “Associate,” or non test-ranked, country in the league, became the first bowler in the WPL to take five wickets in an innings. She snared five wickets and conceded just 29 runs from four overs to help propel Delhi Capitals to victory.Left-arm medium pacer Norris signed with Capitals at the bargain price of $12,000 after the Feb. 13 player auctions. It gave the Delhi team an advantage because Norris, being from an Associate country, isn’t subject to the selection restrictions that limit each starting 11 to four overseas players. “I feel really proud to get picked and represent not just the United States, but all Associate nations,...

Fairfax Co. police chopper pilot describes midair laser attack

Published Tue, 25 Feb 2025 12:23:33 GMT

A Lorton, Virginia, man has been arrested for allegedly pointing a laser at a Fairfax County police helicopter last week.Cameron Van Vleet, 25, was charged with interfering with the operation of an aircraft, a misdemeanor that can potentially carry a one-year prison sentence, according to Virginia law.“We were able to put our thermal camera on the subject and see him actually pointing the laser at us,” said Andrew Edgerton, the pilot of the police helicopter.The helicopter was flying above Lorton late Friday night as police in Fairfax County searched for a man who ran away from Virginia State Police troopers.More Virginia NewsMore Fairfax County NewsVideo from the chopper shows the green laser shining in.https://wtop.com/wp-content/uploads/2023/03/RPReplay_Final1678916365.mp4 “Even the little lasers can have a dramatic effect on the aircrew,” Edgerton said. “When it hits the windshield of the aircraft, it spreads, and it becomes very distracting an...

Mets closer Edwin Diaz helped off field after suffering knee injury celebrating World Baseball Classic win

Published Tue, 25 Feb 2025 12:23:33 GMT

This could be a nightmare for the Mets.Mets closer Edwin Diaz suffered a right knee injury on the field immediately after Team Puerto Rico upset the Dominican Republic, 5-2, in the World Baseball Classic on Wednesday night. Diaz will undergo imaging on Thursday, the Mets announced.Diaz, who struck out the side to help his team advance to the quarterfinals, was swarmed by teammates ready to celebrate the upset victory over a loaded Dominican Republic squad.The celebration quickly ended as the Puerto Rican team frantically waved for assistance, with Diaz sitting on the field with his right leg extended.Puerto Rico manager and Cardinals legend Yadier Molina said the closer underwent testing at the stadium in Miami.“I was hugging our coaches in the dugout. Then when we looked up, Edwin was on the ground,” Molina said. “I didn’t know. I didn’t know how to act, I didn’t know how to — what to say. I mean, I didn’t know. It got me for a surpri...

After a tough loss, the Chicago Bulls face a rough final stretch to earn a postseason spot: ‘Every game is important’

Published Tue, 25 Feb 2025 12:23:33 GMT

For the last week, the Chicago Bulls have posted the Eastern Conference standings on the board in their locker room. It’s a prominent focal point for a team that barely controls its destiny.The Bulls are teetering on the edge of contention for the last spot in the play-in tournament, sitting 11th in the Eastern Conference after spending recent weeks bobbing between the 10th and 12th slots. The final brutal stretch of the season — 14 games in 25 days — will be decided by the ninth-hardest schedule in the league as the Bulls face teams with an average winning percentage of .518.And unless the Bulls win all of those games, their playoff hopes would at least be partially decided by the teams surrounding them in the standings.“They know exactly where we’re at, what’s going on,” coach Billy Donovan said. “But we can’t be a group of guys that sits there and looks at the scoreboard all the time, wanting help from somebody else when we...

From the Jalen Carter saga to the Aaron Rodgers fallout, even a slower day in free agency proved significant for the Chicago Bears

Published Tue, 25 Feb 2025 12:23:33 GMT

The NFL’s new league year rang it at 3 p.m. Wednesday, allowing the Chicago Bears to announce the trade of the No. 1 pick, the acquisition of receiver D.J. Moore and the free-agency signings of Tremaine Edmunds, T.J. Edwards, Nate Davis, DeMarcus Walker and Travis Homer. The Bears still have a lot of work ahead to continue fortifying a roster that, as of Wednesday night, had 32 vacancies and an eye-popping number of notable holes. So where will general manager Ryaa Poles turn his attention next?Poles will meet with reporters Thursday at Halas Hall to recap the flurry of activity from the past week while also keeping an eye on what’s still to come. Still, even on a day where the Bears’ only notable addition was the late signing of back-up quarterback P.J. Walker, Wednesday was still a day full of significant developments. Here’s a glimpse into the most notable happenings and what they mean for the Bears going forward.Jalen Carter stumbled through his pro-day w...