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Stocks tumble again as chaotic week of bank fears closes

Published Tue, 25 Feb 2025 17:30:27 GMT

NEW YORK (AP) — Wall Street’s week of turmoil is closing with sharp drops for stocks on Friday as worries worsen about the banking industry and fears rise that it could drag the economy into a recession.The S&P 500 was 1.2% lower in late trading, cutting into its gain for the week. The Dow Jones Industrial Average was down 441 points, or 1.4%, at 31,805, as of 3 p.m. Eastern time, while the Nasdaq composite was 1% lower.This week has been a whipsaw for markets around the world as worries rise following the second- and third-largest U.S. bank failures in history. Just a day earlier, markets rallied in relief after two banks on both sides of the Atlantic tapped into tens of billions of dollars of cash to bolster their finances.But on Friday, some of the hope was washing out, and the pair were back to falling. In Switzerland, Credit Suisse shares dropped 8%. On Wall Street, shares of First Republic Bank sank 32.3% and were on their way to a 71% plunge for the week.The two ban...

Police search for 3 accused of armed robbery at Lauderdale Lakes pawn shop

Published Tue, 25 Feb 2025 17:30:27 GMT

There was a smashing steal after three men held up a pawn shop in Lauderdale Lakes at gunpoint. The employees at the Cash America Pawn store, located at 2880 FL-7, were frozen in fear when the thieves walked in, just before 5 p.m., March 10. Surveillance video showed one suspect drawing his gun and pointing it at an employee. The first crook entered the store and posed as a customer, appearing to shop when the other two men walked in within seconds. All three men rushed behind the counter, forcing employees to open the registers.The crooks were seen attempting to bash open the glass counter to take anything they could from the display cases.According to police, the trio left in a blue four-door Kia with the tag QFPL03. If you have any information on this crime, you are urged to contact Broward Crime Stoppers at 954-493-8477(TIPS).

Cambridge hires consultant to review police department protocols, including handling of Jan. 4 officer-involved shooting

Published Tue, 25 Feb 2025 17:30:27 GMT

The City of Cambridge has hired a consultant to conduct a third-party review of its police department and its policies, including a review of an officer-involved shooting in January that killed a 20-year-old man.The city and police department announced on Friday that they would bring in the Washington, D.C.-based Police Executive Research Forum (PERF) for an independent review of Cambridge PD’s training and protocols.“A recognized leader in the industry with more than 40 years of experience, PERF has assisted state, county, and local police departments and sheriffs’ offices, as well as federal and international law enforcement agencies,” an announcement from Cambridge PD stated. “Their breadth of experience includes evaluating law enforcement agencies to ensure they are employing the best and most progressive practices.”The announcement came two months after an officer shot and killed Sayed Faisal of Cambridge during a confrontation on Jan. 4.The shooti...

Patriots’ free agent All-Pro punter visiting with Dolphins

Published Tue, 25 Feb 2025 17:30:27 GMT

The Miami Dolphins are bringing in New England Patriots punter Jake Bailey for a visit, according to a report from ESPN.Bailey had an All-Pro and Pro Bowl season in 2020 and is considered among the league’s best. Miami could be moving on from veteran punter Thomas Morstead, who is a free agent after punting for the Dolphins in 2022.Bailey has a 45.9 yards-per-punt average in his career with 45.9 percent of his boots landing inside the opponent’s 20-yard line.He signed a four-year contract for $13.5 million with the Patriots last offseason, but while on injured reserve, he was placed on the suspended list late last season, voiding his guarantees. Bailey’s agent, Doug Hendrickson, filed a grievance contesting the suspension.“While Jake Bailey was on IR, he never missed a single treatment, meeting or practice,” Hendrickson said in a statement released at the time. “He was hoping to come off IR to play last weekend, but Jake was informed he was being ...

Dog matching description of canine abandoned at shelter found, dies

Published Tue, 25 Feb 2025 17:30:27 GMT

SAN DIEGO -- A dog matching the description of a canine that was abandoned outside of an animal shelter in Rancho Santa Fe on Monday night is presumed dead after Good Samaritans found the critically injured animal in the middle of a nearby street.Helen Woodward Animal Center on Friday said after asking for the public's help in locating the dog that was left in front of their building shortly before 8 p.m., as shown in security footage, a woman on the neighborhood information sharing app Next Door reported seeing the injured canine around 9:30 p.m. that evening. Beached whale in Carlsbad dies after rescue attempt The animal center said at least four cars stopped to help the dog, who was found in a roadway right across from the shelter. The dog was reported to be bleeding from the mouth and head. Center officials say the canine may have been attacked by coyotes or struck by a car, though that information can't be confirmed.The collapsed dog was taken to a local emergency clinic; how...

People honouring two Edmonton police officers gunned down responding to call

Published Tue, 25 Feb 2025 17:30:27 GMT

EDMONTON — People in Edmonton and across Canada are paying tribute to two city police officers who were shot and killed while responding to call about a family dispute.Constables Brett Ryan and Travis Jordan were gunned down early Thursday after they entered an apartment building.The shooter was a 16-year-old boy who also shot and wounded his mother, a police source said. He was found dead from what appeared to be a self-inflicted gunshot wound.Condolence books were set up Friday at Edmonton City Hall for people to pay their respects.Landmarks in the city, including city hall, the High Level Bridge, Muttart Conservatory, Commonwealth Stadium and Walterdale Bridge, were lit Thursday night in blue to honour the two officers.Flags at the Alberta legislature, government buildings and police detachments were lowered to half-mast.Online fundraisers have been organized for the families of the officers by the Edmonton Police Association and the Alberta Paramedic Association. The Donut Man, ...

Q&A: K-pop star KANGDANIEL is on the pursuit of happiness

Published Tue, 25 Feb 2025 17:30:27 GMT

New York (AP) — KANGDANIEL is one of K-pop’s brightest stars, but at just 26 years old, he’s already learned there’s more to life than bright lights and fancy restaurants.“I like to pursue happiness because in the end, time is not eternal … we have to maximize our happiness and it’s almost imprinted in my brain,” explained the “Paranoia” and “Nirvana” singer. “There are times when I had to do something that I didn’t want to and I didn’t have no money, and there was no outcome that I expected. I was shocked because money didn’t give me happiness.”KANGDANIEL, chosen by Forbes Korea as one of its top 40 celebrities for 2022, is wrapping up his first North American tour, with the final stop in Los Angeles on Saturday. KANGDANIEL’S path to superstardom began in 2017 after winning the second season of the reality TV talent series “Produce 101,” which led to the formation of the K-pop boy band Wanna One. He went solo two years later. He released his debut album, “The Story,” last yea...

Biden cheers for Irish bonds, unity on St. Patrick’s Day

Published Tue, 25 Feb 2025 17:30:27 GMT

WASHINGTON (AP) — Sporting a green tie and shamrocks for St. Patrick’s Day, President Joe Biden on Friday voiced his support for a recent economic accord affecting Ireland as he hosted the republic’s prime minister, a longstanding meetup scuttled by the COVID-19 pandemic the past two years.While the annual Washington tradition is about celebrating the historic bonds of Ireland and the United States, Biden also took time to reflect on the approaching 25th anniversary of the U.S.-brokered Good Friday accord — the agreement that helped end sectarian violence that had raged for decades over the question of Northern Ireland unifying with Ireland or remaining part of the United Kingdom.The president also underscored a more recent agreement, known as the Windsor Framework, that aims to ease tensions over Northern Ireland’s trading status in the aftermath of the United Kingdom’s exit from the European Union and to maintain the quarter century-old peace accord.“It’s a vital...

Dems say many foreign gifts to Trump remain unaccounted for

Published Tue, 25 Feb 2025 17:30:27 GMT

WASHINGTON (AP) — Donald Trump’s White House has failed to report more than 100 gifts from foreign nations worth more than a quarter-million dollars, and federal officials have been unable to find a life-size painting of Trump given by the president of El Salvador as well as golf clubs from the prime minister of Japan, according to a report Friday from House Democrats.Among the unreported items are 16 gifts from Saudi Arabia worth more than $45,000 in all, including a dagger valued at up to $24,000, and 17 presents from India that include expensive cufflinks, a vase and a $4,600 model of the Taj Mahal, says the report from Democrats on the House Oversight Committee.Gifts above several hundred dollars that foreign officials give to the president, vice president and their families are required under the Foreign Gifts and Decorations Act to be reported to the State Department. The report from House Democrats, citing State Department records, says the number of gifts reported by T...

3 police dead in Mexico City shootout with cartel gunmen

Published Tue, 25 Feb 2025 17:30:27 GMT

MEXICO CITY (AP) — Three police officers and one suspect were killed and seven suspected drug cartel members were arrested Friday following a dramatic running gun battle on the eastern edge of Mexico City. It was a glimpse into drug cartel violence that the nation’s capital rarely sees, but which has become frequent in northern and western parts of the country. Police said two officers were killed in a town just east of the capital early Friday when they approached a house where a kidnap and murder gang were believed to be hiding, according to police in the State of Mexico, which borders the capital. They said the suspects also were being sought for murders.Four kidnap victims were found in the house before the gunfire erupted. The initial gunfight occurred near the town of San Antonio La Isla, about 35 miles (50 kilometers) east of the capital.The suspects then fled in a vehicle into Mexico City, and continued shooting at pursuing officers, killing one capital police officer. The s...