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Stock market today: Wall Street is mixed as the pressure keeps mounting from the bond market

Published Sat, 22 Feb 2025 10:48:36 GMT

NEW YORK (AP) — A sluggish day for stocks on Monday is keeping September on track to be the worst month of the year for Wall Street.The S&P 500 was 0.1% lower in early trading, coming off its worst week in six months. The Dow Jones Industrial Average was down 73 points, or 0.2%, at 33,890, as of 9:53 a.m. Eastern time, and the Nasdaq composite was virtually unchanged.Stocks have struggled recently as the realization sinks in that the Federal Reserve will likely keep interest rates high well into next year. The Fed wants to ensure high inflation gets back down to its target, and it said last week it will likely cut interest rates in 2024 by less than traders expected. Its main interest rate is already at its highest level since 2001.A growing understanding that rates will stay higher for longer has pushed yields in the bond market up to their highest levels in more than a decade. That in turn makes investors less willing to pay high prices for all kinds of investments, particular...

European teams are winning the big contests at the Rugby World Cup. That means times are a-changin’

Published Sat, 22 Feb 2025 10:48:36 GMT

Three results in less than three weeks at the Rugby World Cup have jolted the sport and given the biggest indication in 20 years that times are a-changin’.Rugby is the antithesis of soccer when it comes to where the power lies at the World Cup. European teams have barely had a look-in since the first in 1987 and the global scoreboard, if you like, is distinctly lopsided: The southern hemisphere collective of Australia, New Zealand and South Africa have eight titles between them. Europe and the northern hemisphere has won just one World Cup, two decades ago when England went against the grain.That larger picture of failure at rugby’s pinnacle has bred much discontent up north, where the game was invented and where the richest leagues are. It’s given the upstarts from the south years of bragging rights, which they’ve gleefully taken.But this Rugby World Cup in France may be the point around which it pivots after the northern hemisphere struck not one, not two, ...

Seeing smoke in Lakewood? Here's why

Published Sat, 22 Feb 2025 10:48:36 GMT

DENVER (KDVR) — If you live or commute around Bear Creek Lake Park, you might notice some smoke this week, but there is no cause for alarm. West Metro Fire Rescue said firefighters along with 13 other agencies will be conducting a prescribed burn in Bear Creek Lake Park, located at 15600 W Morrison Rd. The burn could run through Friday at 5 p.m.Smoke will be visible, but firefighters are asking you not to call 911. 3 tips for taking the best fall photos West Metro Fire said the burn is necessary to get rid of invasive species within the burn area. Firefighters will also be getting hands-on training during the operation.Crews will continue to provide updates throughout the operation if anything changes. The prescribed burn is all weather dependent and according to the Pinpoint Weather team, the weather will be above average in the 80s all week long. While temperatures remain above average for the rest of September, crews are reminding you to be alert for fire danger. A brush fire ...

SeaWorld San Antonio welcomes 40-year-old Pacific white-sided dolphin Li’i

Published Sat, 22 Feb 2025 10:48:36 GMT

SeaWorld San Antonio extended a warm welcome to its newest member in a Facebook post on Monday. According to the company’s social media post, Li’i, a 40-year-old Pacific white-sided dolphin, will be joining former companions as he embarks on a unique journey to be close to dolphins of his kind once again. Li’i’s arrival follows a unique journey from the Miami Seaquarium, where circumstances necessitated finding him a new home. Veterinarians will be on the premises to administer world-class care based on accredited zoological standards so Li’i can enjoy the best possible life in his new home.

Police: Patient allegedly assaults roommate, pulls victim’s eyes out in Pembroke Pines hospital attack

Published Sat, 22 Feb 2025 10:48:36 GMT

A male patient at a South Florida hospital was arrested after allegedly assaulting his roommate, resulting in severe injuries including the gruesome removal of the victim’s eyes, officials said.According to a news release, on Friday, around 4:45 p.m., Pembroke Pines police officers responded to a 911 call from the South Florida State Hospital in Pembroke Pines regarding a violent altercation between two patients. Upon arrival, they were directed to a secure room within the facility where they encountered 34-year-old Reinaldo Bermeosolo, while the victim had already been rushed to a local hospital for treatment of his extensive injuries.Initial findings of the investigation revealed that both Bermeosolo and the victim were court-ordered patients at the facility and roommates. What began as a verbal dispute escalated into a physical confrontation, police said, with Bermeosolo allegedly punching the victim in the face and subsequently dragging him to the ground. The altercation t...

Costco recalls 48,000 mattresses over mold concerns

Published Sat, 22 Feb 2025 10:48:36 GMT

Popular retail giant Costco has issued a recall notice for approximately 48,000 mattresses sold under the “Novaform ComfortGrande 14-inch” and “Novaform DreamAway 8-inch” models due to potential mold exposure, according to the Consumer Product Safety Commission (CPSC).Reports suggest that mold growth may have occurred during the manufacturing process, possibly due to water exposure. So far, 500 customers have reported mold issues with these mattresses, which were purchased this year.The affected mattresses were sold at Costco locations in the San Francisco Bay Region, the Greater Northwest, and through Costco’s website.Mold can pose health risks, particularly for individuals with weakened immune systems, respiratory issues, or mold allergies. Therefore, customers who possess these mattresses are strongly advised to contact the manufacturer, FXI.FXI is offering affected customers a choice between a full refund or a free replacement for the recalled mattr...

Missing toddler found sleeping in woods using her dog as a pillow after walking 3 miles barefoot

Published Sat, 22 Feb 2025 10:48:36 GMT

(CNN) — A 2-year-old girl who walked barefoot more than three miles with her family’s two dogs was found sleeping off a wooded Michigan trail using the smaller dog as a pillow, authorities said.Troopers were called to a house in rural Faithorn, Michigan, around 8 p.m. on Wednesday after the toddler, Thea Chase, had wandered away from the home, Michigan State Police Lt. Mark Giannunzio told CNN on Friday.Faithorn is a small town about a mile east of Wisconsin’s border in northern Michigan.Brooke Chase, Thea’s mother, said she had an instinct to check on her daughter who had been playing in the yard, and learned the toddler’s uncle told Thea to go inside because she had no shoes on.When Chase and her brother-in-law realized Thea wasn’t in the house, she said she began to yell. They searched for about 20 minutes before calling Chase’s husband and police.“When we get a call like that, everything else stops,” Giannunzio said.Michigan State Police put out requests for drones, search-...

Ukraine says it killed top Russian admiral in Crimea missile attack

Published Sat, 22 Feb 2025 10:48:36 GMT

The commander of the Russian Black Sea Fleet, Admiral Viktor Sokolov, died in Ukraine’s barrage on occupied Crimea last week, Kyiv said Monday. “After the defeat of the headquarters of the Russian armed forces, 34 officers died, including the commander of the Russian armed forces. Another 105 occupiers were wounded. The headquarters building cannot be restored,” Ukraine’s special operations forces said Monday.In an initial statement after the attack, the Russian defense ministry said it had shot down five incoming missiles and only one serviceman was killed, though the fleet’s headquarters were damaged. But rumors about Sokolov’s death circulated online and Ukraine jumped Monday at the chance to confirm the speculation. POLITICO has not independently verified the claims. The attack was the latest in Ukraine’s quest to liberate occupied Crimea, which Russian President Vladimir Putin seized in 2014. Two weeks ago, Ukraine wrecked a Russian sub...

Red Line service resumes between Davis and Park Street after crews put out ‘rubbish fire’ near Harvard station

Published Sat, 22 Feb 2025 10:48:36 GMT

Full service was restored on the Red Line after riders were switched to buses for part of the route Monday morning, as crews extinguished what officials said was a “rubbish fire.”The MBTA announced the service switch around 10 a.m. after a series of delays earlier in the morning, initially stating Porter to Park Street stations were affected before expanding the change to Davis.The move came as the transportation authority said Cambridge firefighters were investigating “reports of smoke” near Harvard station.In an update posted later in the morning, the Cambridge Fire Department said it was working on extinguishing a “rubbish fire” that appeared to have started in a tunnel outside of the station.No injuries were reported and, just after 10:20 a.m., the department said the fire had been extinguished and that train service was expected to resume shortly.The MBTA said shuttle buses were being phased out and residual delays were expected as regu...

Two children struck by car in Lynn, driver cited for unsafe driving and speeding

Published Sat, 22 Feb 2025 10:48:36 GMT

Authorities say two children are expected to recover after they were struck by a vehicle in Lynn on Monday morning.Officials with the Lynn Fire Department told 7NEWS the crash happened in the area of Holyoke Street and left two “elementary school-age” children injured sometime after 8 a.m.According to Lynn FD, the two children were transported to Mass General Hospital for what were considered non-life-threatening injuries.Police later released a statement saying that it was around 8:15 a.m. when the Lynn Police Department received reports of a motor vehicle accident near 98 Holyoke St.“The investigation revealed that the operator struck two pedestrians, a ten-year-old female and a seven-year-old male, as well as two parked vehicles,” the department said.Authorities said the driver remained at the scene of the crash and was cited for charges “related to unsafe operation and speeding.”This is a developing story; stay with 7NEWS on-air and onlin...