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Stock market today: World shares are mostly lower as Bank of Japan meets, China property shares fall

Published Fri, 07 Feb 2025 12:17:27 GMT

BANGKOK (AP) — World shares were mostly lower on Monday, while U.S. futures and oil prices edged higher. Germany’s DAX slipped 0.3% to 16,699.58 and in Paris, the CAC40 fell 0.5% to 4,066.69. Britain’s FTSE 100 rose 0.2% to 7,592.11. The futures for the S&P 500 and the Dow Jones Industrial Average edged 0.1% higher. The Bank of Japan began a 2-day meeting that investors are watching for hints of a change to the central bank’s longstanding near-zero interest rate policy. Investors have been speculating for months that rising prices would push Japan’s central bank to finally shift away from its lavishly lax monetary policy. But the meeting that ends Tuesday is not expected to result in a major change.Tokyo’s Nikkei 225 index lost 0.6% to 32,758.98, while the U.S. dollar edged higher against the Japanese yen, rising to 142.36 from 142.11.The BOJ has kept its benchmark rate at minus 0.1% for a decade, hoping to goose investments and borrowing to help drive su...

Maryland-Eastern Shore visits Marist after Pascarelli’s 26-point performance

Published Fri, 07 Feb 2025 12:17:27 GMT

Maryland-Eastern Shore Hawks (2-6) at Marist Red Foxes (6-2, 2-0 MAAC)Poughkeepsie, New York; Monday, 7 p.m. ESTFANDUEL SPORTSBOOK LINE: Red Foxes -11.5; over/under is 131.5BOTTOM LINE: Marist plays the Maryland-Eastern Shore Hawks after Josh Pascarelli scored 26 points in Marist’s 63-53 victory over the Dartmouth Big Green.The Red Foxes have gone 2-0 at home. Marist ranks fifth in the MAAC with 13.3 assists per game led by Isaiah Brickner averaging 3.7.The Hawks are 0-5 on the road. Maryland-Eastern Shore is 1-6 in games decided by at least 10 points.Marist is shooting 46.5% from the field this season, 1.1 percentage points lower than the 47.6% Maryland-Eastern Shore allows to opponents. Maryland-Eastern Shore has shot at a 38.2% clip from the field this season, 1.9 percentage points fewer than the 40.1% shooting opponents of Marist have averaged.TOP PERFORMERS: Max Allen is shooting 59.1% and averaging 13.3 points for the Red Foxes. Pascarelli is averaging 2.0 made 3-pointe...

Morgan State plays Campbell, aims to stop road losing streak

Published Fri, 07 Feb 2025 12:17:27 GMT

Morgan State Bears (4-8) at Campbell Fighting Camels (5-6)Buies Creek, North Carolina; Monday, 7 p.m. ESTFANDUEL SPORTSBOOK LINE: Fighting Camels -7; over/under is 135.5BOTTOM LINE: Morgan State visits Campbell looking to break its seven-game road slide.The Fighting Camels have gone 5-2 in home games. Campbell scores 66.5 points while outscoring opponents by 5.0 points per game.The Bears are 0-5 in road games. Morgan State is second in the MEAC with 37.9 rebounds per game led by Christian Oliver averaging 5.2.Campbell’s average of 5.8 made 3-pointers per game is 1.5 fewer made shots on average than the 7.3 per game Morgan State gives up. Morgan State has shot at a 45.7% rate from the field this season, 5.7 percentage points higher than the 40.0% shooting opponents of Campbell have averaged.TOP PERFORMERS: Anthony Dell’Orso is averaging 15.7 points, 6.3 rebounds and 1.6 steals for the Fighting Camels.Oliver is averaging 8.6 points and 5.2 rebounds for the Bears.LAST 10 GA...

Israel’s ‘killing rage’ hurting global support, warns ex-UK defense chief Ben Wallace

Published Fri, 07 Feb 2025 12:17:27 GMT

LONDON — Israel’s “crude and indiscriminate” method of attack in the Israel-Hamas war risks fueling decades of conflict in the Middle East, the U.K.’s former Defense Secretary Ben Wallace warned.In an op-ed for the Telegraph, Wallace — who led Britain’s Ministry of Defense until August — directly criticized Israeli Prime Minister Benjamin Netanyahu for both “missing” the initial October 7 attacks by Hamas and then embarking on “a killing rage” in response. “What I am saying is Israel needs to stop this crude and indiscriminate method of attack. And it needs to combat Hamas differently,” Wallace wrote.“Netanyahu’s mistake was to miss the attack in the first place. But if he thinks a killing rage will rectify matters, then he is very wrong,” Wallace added.The former U.K. defense chief warned Israel risks losing “international support” and fueling the conflict “for another 50 years̶...

Heavy Rain and High Winds

Published Fri, 07 Feb 2025 12:17:27 GMT

Rain continues to soak Southern New England through the morning commute as winds increase and peak mid morning to early afternoon. With wind gusts expected in the 50-70mph range across eastern Mass (strongest coast, especially Southeast Mass), expect power outage numbers to increase as the morning wears on as more pockets of tree damage/downed lines pop up. In terms of rain, much of the area will pick up 2-3″ (a bit less near coast). With these totals, some small streams and rivers will rise to near minor flood stage. Additionally, we’ll watch for street/poor drainage area flooding with the pockets of heavy rain that move through. Temps stay lofty, near 60 degrees, through mid afternoon. The coastal flood threat is highest today in Narraganset Bay with moderate coastal flooding there around the midday high tide. Pockets of minor to moderate coastal flooding are possible in Buzzards Bay, but with the wind out the the southeast to south, the South Shore points north, won&#...

Heavy rains, strong winds expected through midday, wide outages possible

Published Fri, 07 Feb 2025 12:17:27 GMT

Residents woke up to a stormy start of their weeks Monday, with heavy rains and strong winds blasting southern New England. Gusts of as fast as 60 to 70 miles per hour were forecast for Monday morning, with peak intensity expected from mid-morning to mid-afternoon. There is the potential for both inland flooding from the rain and minor coastal flooding from the wind, as well as possible power outages from downed trees and tree limbs.“Once the storm arrives if you are traveling please stay as far away from our crews as possible if you see them out so they have the space they need to safely do their work and make repairs,” said William Hinkle of Eversource Energy. “If you come across any downed lines, always stay as far away from those as possible as well and report them immediately to 911 and give us a call.”As of 5:30 a.m., there were more than 4,000 power outages reported statewide.This is a developing story; stay with 7NEWS on-air and online for the la...

Boston Police investigating early morning hit and run outside Encore casino

Published Fri, 07 Feb 2025 12:17:27 GMT

Just after 3 a.m. Monday Boston Police responded to Dexter and Alford streets in Charlestown, outside the Encore casino, following report of a pedestrian struck by a car.According to authorities the vehicle fled the scene and the victim’s condition is life-threatening.Traffic is impacted and being rerouted. BPD is urging motorists to seek an alternative route.https://twitter.com/bostonpolice/status/1736679897559712217This is a developing story; stay with 7NEWS on-air and online for the latest updates.

Peter Lucas: Wu party flap shows her inexperience

Published Fri, 07 Feb 2025 12:17:27 GMT

What would Kevin do?That is what Boston Mayor Michell Wu should have asked before launching her exclusive and ill-advised “electeds of color” Christmas Party at the stately and elegant Parkman House.What would Mayor Kevin White have done?It would not have happened in the first place. But if he did get caught excluding white folks from a mayoral all black Christmas party, he would not have apologized or disseminated as Wu did.He would have brazenly called it a gala, and bragged about how much he was doing for the minority community.Wu should study White.Not only was White an outstanding politician and mayor of Boston for 16 years (1968-1984), he made Boston a “world class city.”  He was 39 years old when he became mayor—before Wu was born– the same age as Wu is now.The difference is that White was a creative, often flamboyant politician who knew the city inside and out. One of his campaign television ads featured him holding his coat over this shoulder, walking alone as “The Lo...

Near-final results confirm populist victory in Serbia while the opposition claims fraud

Published Fri, 07 Feb 2025 12:17:27 GMT

BELGRADE, Serbia (AP) — An early official vote count of Serbia’s weekend election on Monday confirmed victory for the ruling populist party in a parliamentary vote in the Balkan country, but political tensions rose over reported irregularities in the capital, Belgrade. An opposition group said it was robbed of victory in the local election in Belgrade, would not recognize the results and would demand a rerun of the ballot. Sunday’s parliamentary and local election in the Balkan country pitted populist President Aleksandar Vucic’s Serbian Progressive Party against the Serbia Against Violence opposition alliance.Vucic’s SNS party won some 47% of the ballots in the parliamentary vote, followed by Serbia Against Violence with 23%, according to a near-complete preliminary tally by the state election commission. Several other smaller parties also competed in the election, which was held only 18 months after the previous presidential and parliamentary vote.If confir...

Southwest Airlines reaches $140 million settlement for December 2022 flight-canceling meltdown

Published Fri, 07 Feb 2025 12:17:27 GMT

DALLAS (AP) — Southwest Airlines will pay a $35 million fine as part of a $140 million agreement to settle a federal investigation into a debacle in December 2022 when the airline canceled thousands of flights and stranded more than 2 million travelers over the holidays.Most of the settlement will go toward compensating future passengers, which the U.S. Department of Transportation considers an incentive for Southwest to avoid repeating last winter’s mess.The government said the assessment was the largest it has ever imposed on an airline for violating consumer protection laws.Transportation Secretary Pete Buttigieg said the settlement demonstrates his agency’s resolve to make airlines take care of their passengers.“This penalty should put all airlines on notice to take every step possible to ensure that a meltdown like this never happens again,” he said.Southwest said it was “grateful to have reached a consumer-friendly settlement” giving the airline credit for co...