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Stock market today: Wall Street points slightly higher ahead of US inflation update

Published Sat, 22 Feb 2025 09:35:38 GMT

Wall Street ticked modestly higher early Tuesday ahead of new U.S. inflation data that will play a role in a decision by the Federal Reserve on interest rates when it meets later this month.Futures for the Dow Jones industrials rose 0.1% and the S&P 500 edged 0.2% higher before the opening bell.For the first time in more than a year, the Fed did not raise its benchmark lending rate when it met in early June. Fed officials have suggested that as many as two more increases are possible this year.Forecasters expect inflation in June to fall to 3.1% from the previous month’s 4%. That would be higher than the Fed’s 2% target but down sharply from last year’s peak above 9%.“They will have a hard time justifying further rate increases if headline inflation — which is their mandate — is moving convincingly towards target,” said Rubeela Farooqi of High Frequency Economics in a report.It is still hoped that the U.S. can avoid a recession after a run-up in the Fed’s...

Live Updates | Zelenskyy slams ‘absurd’ lack of timetable for Ukraine’s invitation to join NATO

Published Sat, 22 Feb 2025 09:35:38 GMT

VILNIUS, Lithuania (AP) — Follow along for updates on the summit of the NATO military alliance in Lithuania’s capital:What to know: — Turkey’s decision to end opposition to Sweden’s NATO membership boosts summit— Sweden’s rocky road from neutrality toward NATO membership— What is NATO doing to help Ukraine in the war with Russia?— Ukraine, defense plans and Sweden’s membership top summit agenda——Ukrainian President Volodymyr Zelenskyy says it’s “absurd” that no timetable has been laid out for his country to be invited to join NATO or become a member one day.Zelenskyy said on Twitter that he plans to discuss NATO’s “uncertainty” over Ukraine’s possible membership during the alliance’s summit in Vilnius, Lithuania’s capital.He says the Ukrainian delegation to the summit starting Tuesday had “received signals that certain wording” under discussion deals with the prospect of NATO inviting Ukraine to become a member, “not about Ukraine’s membership.”Ze...

Un volcán entra en erupción en Islandia tras semanas de terremotos

Published Sat, 22 Feb 2025 09:35:38 GMT

(CNN) — Una erupción volcánica al sur de la capital de Islandia, Reykjavik, está enviando columnas de humo a través de una región conocida por sus extensos campos de lava, volcanes y actividad geotérmica.La Oficina Meteorológica de Islandia (IMO, por sus siglas en inglés) dijo que la erupción “menor” comenzó este lunes en la península de Reykjanes en Islandia, pero no se emitieron cenizas y hasta el momento no se han reportado interrupciones en el aeropuerto Keflavik del país.Una erupción volcánica emite humo y lava que fluye al sur de Reykjavik, Islandia, el 10 de julio de 2023. (Kristinn Magnusson/AFP/Getty Images)La OMI dijo que había una fisura de 200 metros (656 pies) de largo en las laderas de la montaña Litli Hrútur, “de la cual emerge lava como una serie de fuentes”.Los científicos habían advertido sobre posibles erupciones después de que se detectaran cientos de terremotos menores en las últimas semanas.Las fotos muestran corrientes de lava que fluyen a lo...

Biden y los líderes de la OTAN ingresan a la cumbre con una demostración de fuerza cuando Turquía acepta ingreso de Suecia

Published Sat, 22 Feb 2025 09:35:38 GMT

(CNN) — El presidente Joe Biden y los líderes de la alianza ingresan este martes al primer día de la Cumbre de la OTAN de alto nivel con un renovado sentido de unidad después de una gran victoria este lunes por la noche cuando Turquía aceptó la oferta de Suecia para unirse a la alianza.“Gracias, señor presidente, por organizar esta cumbre histórica en un momento importante. La primera vez que los líderes de la OTAN se reunirán, 31, juntos, y esperamos reunirnos muy pronto con 32 miembros con la incorporación de Suecia”, dijo Biden al comenzar una reunión bilateral con el presidente lituano, anfitrión de la cumbre, Gitanas Nausėda.“Estoy seguro de que lo lograremos”, agregó Biden.Los líderes se reúnen en Vilnius, Lituania, para una cumbre de dos días que podría convertirse en una de las reuniones más trascendentales para la alianza en la historia moderna, aproximadamente un mes después de la lenta contraofensiva de Ucrania y semanas después de que una insurrección fallida en Ru...

Police investigate weapons call at local motel

Published Sat, 22 Feb 2025 09:35:38 GMT

DENVER (KDVR) — Police investigated a weapons call at a local motel, but were unable to locate the suspect.The Denver Police Department said they were investigating a weapons call at around 6:20 a.m. Tuesday. Denver neighbors concerned about sniper after 5 windows shot at on 2 occasions The call was reported in the area of the 3000 block of West 49th Avenue. SkyFOX flew over the scene where multiple DPD cars were parked outside the Motel 6.A shelter-in-place was issued for those in the area while officers work to resolve the situation.About 30 minutes later, DPD said the shelter-in-place was lifted, but the suspect had not been located. DPD did not provide information on the suspect they were looking for or why the weapons call was placed.

How you can share your thoughts on Xcel's proposed rate hike

Published Sat, 22 Feb 2025 09:35:38 GMT

DENVER (KDVR) — Xcel Energy is requesting to increase its rates again. But before they do, the public will have the chance to voice their thoughts.According to the Colorado Department of Regulatory Agencies, Xcel is asking the Colorado Public Utilities Commission for an annual increase in base rate revenue of approximately $310 million.Xcel said they would use the money towards repairing and replacing energy infrastructure like power transmission lines and substations. The company claims this work is vital for its Colorado Clean Energy Plan. So, what does that mean for you as a customer? Woman scammed 3 times in 1 week DORA said the bills would increase by an estimated 8.2%, or $7.33, per average monthly bill for residential customers and 7.8%, or $10.16, per average monthly bill for small commercial customers. However, before that change happens, a remote public comment hearing is scheduled for Tuesday. This hearing will allow consumers to voice their thoughts regarding Xcel's re...

Northwestern football coach Pat Fitzgerald fired after hazing claims

Published Sat, 22 Feb 2025 09:35:38 GMT

(CNN) — Northwestern University fired longtime head football coach Pat Fitzgerald, the school announced Monday. The move comes after allegations of hazing within the Wildcats football program.The decision was effective immediately, university president Michael Schill said in a letter to the Northwestern community.“The decision comes after a difficult and complex evaluation of my original discipline decision imposed last week on Coach Fitzgerald for his failure to know and prevent significant hazing in the football program,” Schill said.CNN has reached out to Fitzgerald’s representative for comment. Fitzgerald, who was initially suspended Friday for two weeks without pay, has said previously he was not aware of the alleged hazing.Fitzgerald addressed the players in a meeting Monday night to say goodbye, according to a university employee familiar with the situation.Schill said he discussed the situation with Fitzgerald, university leaders, and current and former students in the last ...

Excessive Heat in South Florida

Published Sat, 22 Feb 2025 09:35:38 GMT

All of South Florida is under a Heat Advisory. Please make sure to drink plenty of water when spending a prolonged period of time outdoors.Temperatures will peak in the low to mid 90’s during the afternoon today and tomorrow, and potentially through the remainder of this week. In fact, we will be flirting with records today. Why so hot? We have a mid level area of high pressure overhead trapping the heat along with Saharan Dust which prevents temperatures from cooling and suppresses thunderstorm development (we just tend to see less coverage). Also, light winds are contributing to the excessive heat we’ve been experiencing. Sharan dust departs midweek temporarily allowing additional showers and thunderstorms to form in the afternoon and early evening hours. However, the heat is forecast to continue along with another batch of dust arriving late week. Stay cool South Florida! Vivian GonzalezMeteorologist, AMS Certified WSVN Channel 7

US probes complaints that Ford Escape doors can open while SUVs are being driven

Published Sat, 22 Feb 2025 09:35:38 GMT

DEARBORN, Mich. (AP) — U.S. auto safety regulators are investigating complaints that the doors on some Ford Escapes can open while the SUVs are being driven.The investigation by the National Highway Traffic Safety Administration covers 346,000 Escapes from the 2020 and 2021 model years. The agency says in documents posted Tuesday on its website that it has 118 complaints that spot welds in a door assembly bracket can fail. Investigators contacted some of the owners and found 25 reports of minor injuries.Many reported a popping noise when they opened the door as a bracket begins to separate. The agency says continued use could dislodge the door, and it could fail to latch when closed. Ford says it’s working with the agency to support the investigation.NHTSA says the probe will determine whether the problem creates an unreasonable risk to highway safety. The agency could seek a recall. The Associated Press

German opposition leader takes aim at migration, but largely rules out working with far right

Published Sat, 22 Feb 2025 09:35:38 GMT

BERLIN (AP) — Germany’s conservative opposition leader said Tuesday that large-scale migration is one of the country’s biggest problems and the main reason for a recent surge in support for the far right.But Friedrich Merz ruled out cooperating at the state or national level with the Alternative for Germany party that has overtaken his center-right Christian Democratic Union in polls for three state elections in the east next year — to the alarm of mainstream politicians. One senior security official of Jewish origin told The Associated Press that he would leave the country if the far-right party, known by its German acronym AfD, comes to power in a state election.“The refugee issue will remain the main topic in our society in the coming weeks and months, maybe even in the next years, and that’s why I’m so interested in finding a solution,” Merz said at a news conference with foreign reporters in Berlin.“The sooner the problem is solved, the sooner this...