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Stocks on Wall Street slip amid expectations for rate hike

Published Mon, 24 Feb 2025 02:26:27 GMT

NEW YORK (AP) — Wall Street is slipping Monday in the first trading for stocks after a report raised speculation the Federal Reserve may tap the brakes a little harder on the economy. The S&P 500 was 0.6% lower in early trading. It did not trade on Friday, when the U.S. government said that job growth across the economy slowed a touch more than expected last month but remains resilient. The Dow Jones Industrial Average was down 53 points, or 0.2%, at 33,432, as of 9:45 a.m. Eastern time, while the Nasdaq composite was 1.1% lower. Stocks were catching up to the bond market, where yields rose Friday on expectations the jobs data would push the Fed to raise interest rates at its next meeting. The Fed has already hiked rates at a furious pace over the last year in hopes of driving down inflation.Higher rates can undercut inflation, but only by slowing the entire economy in one fell swoop. That raises the risk of a recession in the future and drags down prices for stocks, bonds and o...

Susan L. Shirk’s ‘illuminating’ book on China’s rise wins Lionel Gelber Prize

Published Mon, 24 Feb 2025 02:26:27 GMT

TORONTO — An examination of China’s evolution from fragile superpower to global heavyweight has won the $50,000 Lionel Gelber Prize.Susan L. Shirk’s portrait “Overreach: How China Derailed Its Peaceful Rise,” published by Oxford University Press, was named the top book on international affairs published in English.The award citation praises the U.S. scholar and expert in Chinese politics for writing that is “illuminating, disturbing, and utterly persuasive.”Shirk’s book beat out finalists “Chip War: The Fight for the World’s Most Critical Technology,” by Chris Miller; “Revolution and Dictatorship: The Violent Origins of Durable Authoritarianism,” by Steven Levitsky and Lucan Way; “Slouching Toward Utopia: An Economic History of the Twentieth Century” by J. Bradford DeLong; and “Spin Dictators: The Changing Face of Tyranny in the 21st Century,” by Sergei Guriev and Daniel Treisman.The Lionel Gelber Prize is awarded annually by a jury of international scholars and practitioners ...

Regional routes see higher airfares, fewer flights even as new carriers emerge

Published Mon, 24 Feb 2025 02:26:27 GMT

MONTREAL — Whether you’re catching a flight, opening a new bank account or picking up groceries, a small group of big names takes up most of the market share. Competition Ltd. is a Canadian Press series that explores what this means for products — and prices — in the country.———On a cold, cloudy Thursday night in February, Donovan Onishenko arrived at the Calgary airport on a delayed flight from Atlanta and rushed to catch his connection to Saskatoon. With the airplane still at the gate, he said WestJet ticket agents told him the flight was full and about to depart without him.“When I was told the next flight was six days away, I asked what I was supposed to do, and was told that I would have to wait until then, with no mention of assistance,” said Onishenko.“No hotel rooms or meals, no transportation or luggage allowance.”He and two others found there were no rental cars available either, but one of them had a friend willing to lend theirs.“So we borrowed the vehicle, fuelled...

5 killed in shooting at downtown Louisville bank building; suspected shooter also dead

Published Mon, 24 Feb 2025 02:26:27 GMT

LOUISVILLE, Ky. (AP) — A shooting at a bank building in downtown Louisville on Monday morning killed five people and wounded at least six others, police said. The suspected shooter was also dead, police said.Louisville Metro Police Department Deputy Chief Paul Humphrey told reporters officers who arrived on the scene “encountered active gunshots still being fired inside the location at that time.”“The shooter was confirmed to be dead on the scene,” Humphrey said. “We do not know exactly the circumstances of his death at this time.”Witnesses who left the building told Louisville station WHAS-TV they heard gunfire inside the building.Numerous police vehicles were seen on television footage. WHAS reporters said they saw people being taken from the scene in ambulances.In a tweet, Kentucky Gov. Andy Beshear said he was heading to the scene.“Please pray for all of the families impacted and for the city of Louisville,” Beshear said.The FBI said its agents were also responding to the shooti...

U of C issues alert after 3 robberies in 3 days near campus

Published Mon, 24 Feb 2025 02:26:27 GMT

CHICAGO — University of Chicago police issued an alert Monday following three robberies in three days near campus.The first robbery happened Friday morning at around 8:30 a.m. in the 1500 block of East 55th Street. Police said a victim exited a bus when they had a Bluetooth speaker stolen from them. The suspect implied a weapon and was last seen walking westbound on 55th Street.On Saturday at around 6:50 p.m., a person was pushed and robbed of their iPhone.On Sunday at around 3 a.m., three people were walking on a sidewalk when they were confronted by an unknown suspect who exited a older model red SUV. 2 wanted after man robbed at knifepoint on Red Line The suspect was armed with a gun and took the victims' wallets and cell phones before entering the SUV again and fleeing westbound on Hyde Park.Chicago police are investigating. Anyone with information can leave an anonymous tip at cpdtip.com.

All the merch you need to power up for ‘The Super Mario Bros. Movie’

Published Mon, 24 Feb 2025 02:26:27 GMT

BestReviews is reader-supported and may earn an affiliate commission. Details.Mario and Luigi smash box office recordsDespite the initial outrage sparked by Chris Pratt’s Mario voice, “The Super Mario Bros. Movie” seems to be doing OK at the box office. In fact, it set the record for the biggest worldwide opening for an animated film ever. It’s packed with everything you love, from all your favorite characters to the game’s iconic music. After seeing it, you’ll want to celebrate by bringing some of the magic home with you. Here’s some Mario Bros. merch that can help you power up your fan status.In this article: Nintendo Switch OLED, Mario Kart 8 Deluxe and Zadii Carrying Case for Nintendo Switch OLED.‘The Super Mario Bros. Movie’ scores big with moviegoersThose cha-chings you heard last weekend were Mario cashing in at the box office. Against all odds, it has become a record-setting film, besting even “Frozen 2.” While the critics might be a little pers...

Saratoga Sustainability Fair scheduled for April 16

Published Mon, 24 Feb 2025 02:26:27 GMT

SARATOGA SPRINGS, N.Y. (NEWS10) -- Sustainable Saratoga and Skidmore College have partnered to host the 2023 Saratoga Sustainability Fair on April 16. The family-friendly event runs from 10 a.m. to 4 p.m. at Case Center at Skidmore College. Get the latest, news, weather, sports and community events delivered right to your inbox! “This event will bring together the Saratoga region to engage and educate, cultivate community, spur action, and build hope for people of all ages to address the climate crisis," said Jen Natyzak, Assistant Director for Sustainability Programs. "These event offerings explore environmental issues and action from a personal to local to global scale."The Expo Hall will be open for the duration of the event. At 11 a.m. there will be a Keynote Address at the Gannett Auditorium. Jen Kretser and Elodie Linck of The Wild Center will provide an interactive presentation and conversation about climate impacts in New York and solutions. American Red Cross aids five ...

When do the Capital Region's golf courses open?

Published Mon, 24 Feb 2025 02:26:27 GMT

ALBANY, N.Y. (NEWS10) -- Spring has sprung, and that means the Capital Region's golf courses are getting ready to open. Some area courses have even opened already. Get the latest, news, weather, sports and community events delivered right to your inbox! Here's what golf courses around the Capital Region are already open or when they will be opening.Capital Hills Golf Course, 65 O'Neil Road in AlbanyOpening April 14Hours: Monday to Friday from 8 a.m. to dark, and weekends and holidays from 7 a.m. to darkBarney Road Golf Course, 3 Barney Road in Clifton ParkOpened April 10Hours: 8 a.m. to 6 p.m. every daySchenectady Municipal Golf Course, 400 Oregon Avenue in SchenectadyOpening April 15Hours: Monday through Friday 7 a.m. to 6:30 p.m., Saturday and Sunday 6:30 p.m. to 6 p.m.Van Patten Golf Club, 924 Main Street in Clifton ParkOpened April 8Hours: 9 a.m. to 4 p.m. every daySaratoga Lake Golf Club, 35 Gracemoore Road in Saratoga SpringsOpened April 8Hours: 10 a.m. to 4 p.m. every daySa...

Barney Road Golf Course opens for the season

Published Mon, 24 Feb 2025 02:26:27 GMT

CLIFTON PARK, N.Y. (NEWS10) -- The Barney Road Golf Course is now open for the season. The course was built in 1966 and great for golfers of all ages, with a practice green available for beginners. Town Supervisor Phil Barrett said the Town of Clifton Park is constantly working on improvements to the course, including a new starter shed that was added just a few weeks ago. Get the latest, news, weather, sports and community events delivered right to your inbox! "Every year we work to give people that come to this course a better experience and that's what we're trying to do this year as well," Barrett said. The course is open seven days a week. Fees for a 9-hole game are $13 for weekdays, $14 for weekends, with a $12 price for Seniors, Students with valid ID and veterans.

Celebrate Polish heritage at the Empire State Plaza

Published Mon, 24 Feb 2025 02:26:27 GMT

ALBANY, N.Y. (NEWS10) -- On April 26, the Office of the General Services is hosting a Polish Festival at the Empire State Plaza South Concourse. The celebration of Polish Heritage will run from 10 a.m. to 2 p.m. Get the latest, news, weather, sports and community events delivered right to your inbox! The event, originally tied to Dyngus Day, has become a more general festival with traditional food, music, and vendors. The Polish Community Center will provide a traditional lunch and music will be provided by Herbie Liebenhagen & the Accord-A-Tones. The event is free to the public. For more information, click here.