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Stock market today: Asia markets higher ahead of US inflation, Fed rates decision

Published Tue, 25 Feb 2025 16:56:22 GMT

BEIJING (AP) — Asian stock markets were mostly higher Tuesday ahead of a U.S. inflation update and a Federal Reserve decision on another possible interest rate hike.Shanghai declined while Tokyo and Hong Kong advanced. Oil prices rebounded from Monday’s plunge.Wall Street’s benchmark S&P 500 index rose 0.9% to a 14-month high ahead of the release of U.S. inflation figure Tuesday. Forecasters expect it to show inflation eased in May but still was double the Fed’s 2% target despite interest rate hikes to cool business activity.Traders hope the Fed will skip another rate increase when its monthly board meeting ends Wednesday, but that might be complicated if inflation is higher than expected. Central banks in Europe and Japan also are due to meet this week to discuss possible rate hikes.The Fed’s benchmark lending rate is at a 16-year high, which has led to a contraction in manufacturing activity and three high-profile bank failures.“The bull market rally lo...

Japan’s Toyota announces battery electric vehicle initiatives

Published Tue, 25 Feb 2025 16:56:22 GMT

TOKYO (AP) — Toyota plans to make an all solid-state battery as part of its ambitious plans for battery electric vehicles, the company said Tuesday, amid mounting criticism Japan’s top automaker needs to do more to fight climate change.Toyota Motor Corp. aims for a commercial solid-state battery as soon as 2027. Charging time, one of the main drawbacks of electric vehicles, will get shortened to 10 minutes or less, the company said in a statement.“With the evolution of the vehicle’s operating system, the next-generation battery EV will also enable customization of the ‘driving feel,’ with a focus on acceleration, turning and stopping,” it said.EV owners usually have charging stations in their homes and keep their cars plugged in overnight to recharge. That’s one of the main reasons Toyota has long insisted that hybrids are a better solution. A hybrid recharges as the car runs. Toyota President Koji Sato has said the company must play catchup after falling behind in the EV sector. Th...

30,000 Haitian kids live in private orphanages. Officials want to shutter them and reunite families.

Published Tue, 25 Feb 2025 16:56:22 GMT

SAINT-LOUIS-DU-SUD, Haiti (AP) — Mylouise Veillard was 10 when her mother dropped her off at an orphanage in southern Haiti and promised her a better life. For three years, Mylouise slept on a concrete floor. When she was thirsty, she walked to a community well and hauled heavy buckets of water herself. Meals were scarce, and she lost weight. She worried for her younger brother, who struggled even more than she did at the facility. It’s a familiar story among the estimated 30,000 Haitian children who live in hundreds of orphanages where reports of forced labor, trafficking, and physical and sexual abuse are rampant. In recent months, Haiti’s government has stepped up efforts to remove hundreds of these children and reunite them with their parents or relatives as part of a massive push to shut down the institutions, the vast majority of which are privately owned.Social workers are leading the endeavor, sometimes armed with only a picture and a vague description of the neighborhood wh...

Three from east metro awarded Bush Fellowships. Here’s what they plan to do.

Published Tue, 25 Feb 2025 16:56:22 GMT

In the early days of the pandemic, after the murder of George Floyd, Noel Nix noted many of his coworkers at St. Paul City Hall were dealing with intense stresses, both personal and professional.Last fall, Nix — St. Paul Mayor Melvin Carter’s director of community initiatives — went back to school in his free time to study counseling psychology at the University of St. Thomas, with the general goal of applying the discipline to his work in public service.“I don’t think it’s uncharted, but I think there’s a lot of room for growth and exploration,” said Nix, who lives in St. Paul’s North End. “How do we support and sustain community leaders in government, nonprofits and other sectors who are working on change?”Noel Nix, director of community initiatives in St. Paul Mayor Melvin Carter’s office, is a recipient of the 2023 Bush Fellowship, which provides a grant of up to $100,000 to support further study, special pr...

U.S. 6 closed overnight through Clear Creek Canyon for road construction

Published Tue, 25 Feb 2025 16:56:22 GMT

U.S. 6 west of Golden was closed in both directions Monday night for road construction and will see alternating traffic all day Tuesday, according to the Colorado Department of Transportation.The roadway through Clear Creek Canyon was closed to traffic between Colorado 93 and U.S. 40 due to “safety concerns,” CDOT tweeted around 9:20 p.m.An update on the CDOT website said U.S. 6 will remain closed overnight, followed by road maintenance operations from 6 a.m. to 6 p.m. Tuesday, with alternating traffic during that period.Related ArticlesTransportation | U.S. 6 reopened after flooding in west Denver Transportation | Caught on video: Large sinkhole forms in middle of road in Parker Transportation | Man killed in fatal I-70 crash near Golden was fleeing CSP traffic stop Transportation | RTD maintenance to suspend L line, close several central Denver stations Transportation | Colorado Highway 71 from ...

Burglar caught on camera breaking into nonprofit vet clinic in Long Beach

Published Tue, 25 Feb 2025 16:56:22 GMT

Surveillance cameras captured a burglar using a rock to bust open the front door of a Long Beach pet surgery clinic early Monday morning.  The nonprofit clinic, known as The Fix Project, offers low-cost spay and neuter services, along with other procedures.  According to the clinic’s CEO, Diana Kliche, the burglary happened at around 1:20 a.m., only about 20 minutes after one of clinic’s vets had finished surgery and left the building.  Video shows the burglar, rock in hand, winding up and throwing it at the clinic door to gain entry into the facility.  “The man in the video, he first tried to get in the facility with a crowbar and then when that didn’t work, he threw a rock through the window, after he had already thrown a brick into our volunteer’s van,” Kliche told KTLA. The volunteer, who was caring for puppies at the clinic overnight, had been sleeping in a back room at the facility and didn’t hear the man as he ransacked offices, getting away with...

Sale closed in Fremont: $1.9 million for a three-bedroom home

Published Tue, 25 Feb 2025 16:56:22 GMT

521 Chardonnay Drive – Google Street ViewA 1,885-square-foot house built in 1985 has changed hands. The property located in the 500 block of Chardonnay Drive in Fremont was sold on May 5, 2023, for $1,850,000, or $981 per square foot. The property features three bedrooms, two bathrooms, and a garage. It sits on a 4,880-square-foot lot.Additional houses that have recently been purchased close by include:A 3,058-square-foot home on the 48800 block of Sauvignon Court in Fremont sold in June 2022, for $2,495,000, a price per square foot of $816. The home has 6 bedrooms and 4 bathrooms.In August 2022, a 3,044-square-foot home on Pagosa Way in Fremont sold for $2,450,000, a price per square foot of $805. The home has 4 bedrooms and 3 bathrooms.On Pagosa Way, Fremont, in August 2022, a 2,704-square-foot home was sold for $2,310,000, a price per square foot of $854. The home has 5 bedrooms and 4 bathrooms. 

Petaluma traffic stop sees two arrested for handgun, controlled substances

Published Tue, 25 Feb 2025 16:56:22 GMT

(BCN) -- Petaluma police arrested two people suspected of possessing a concealed weapon and several controlled substances, after a traffic stop last week. Police said around 1:30 a.m. on June 9, a car was stopped near Payran St. and East Madison Ave. after officers noticed several code violations. Murder suspects killed in fiery San Leandro crash According to a police press release, the driver, 24-year-old Haylee Dolan of Fairfax, was found to be on probation with Marin County and in possession of controlled substances. The passenger, Victor Nieto-Mendoza, a 22-year-old from Novato had a loaded handgun, police said. Both Dolan and Nieto-Mendoza were arrested and booked into the Sonoma County Main Adult Detention Facility. Dolan faces felony charges in possession of ammunition and controlled substances, and Nieto-Mendoza has been charged with felony possession of a firearm, ammunition, and controlled substances while in possession of a concealed weapon. Copyright © 2...

Ukraine official says at least 3 killed, dozens wounded in Russian missile attack on Kryvyi Rih

Published Tue, 25 Feb 2025 16:56:22 GMT

KYIV, Ukraine (AP) — A regional governor says at least three people were killed and 25 wounded after missiles hit civilian buildings in an overnight attack in the central city of Kryvyi Rih, Ukraine.Serhiy Lysak, head of the regional administration, said the strike hit a five-story residential building early Tuesday and the area was engulfed in fire. He said in a Telegram post that rescue operations were ongoing.Source

Tennessee clinches final spot in College World Series

Published Tue, 25 Feb 2025 16:56:22 GMT

HATTIESBURG, Miss. (AP) — Drew Beam struck out seven in six innings, Zane Denton hit a three-run blast in the fifth and Tennessee beat Southern Miss 5-0 on Monday night to clinch the final spot in the College World Series.Tennessee (43-20) advances to Omaha for the second time under coach Tony Vitello. The Vols will face LSU on Saturday. Beam got the start after a four-hour rain delay. He left in the seventh after allowing back-to-back hits, but Chase Burns ended the threat with consecutive strikeouts. Burns secured his second save of the season after striking out four in 2 2/3 innings.Maui Ahuna capped the scoring in the seventh with a solo home run.It was Denton’s second three-run homer of the NCAA Tournament. He helped Tennessee reach the super regionals for the third consecutive year with a go-ahead blast in the ninth against Clemson.Southern Miss (46-20) was attempting to extend the career of long-time coach Scott Berry, who is retiring with a school-record 528 wins.___AP colle...