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Stock market today: Wall Street rises as economy holds up better than feared

Published Sat, 22 Feb 2025 04:04:28 GMT

NEW YORK (AP) — Wall Street is drifting higher Tuesday after a round of reports suggested the economy is in better shape than feared. The S&P 500 was 0.4% higher in morning trading. It’s been generally edging lower since a five-week rally carried it to its highest level in more than a year in mid-June. The Dow Jones Industrial Average was up 94 points, or 0.3%, at 33,808, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 0.5% higher.Airlines were helping to lead the way after Delta Air Lines said it still sees pent-up demand in the pipeline as passengers make up for lost opportunities to travel during the pandemic. It highlighted high-income customers in particular, who account for three-quarters of spending on air travel and still look to be in good financial shape despite high inflation. Delta’s stock rose 2.9% after it said earnings this year should come in at the top end of the range it had earlier forecast. American Airlines climbed 3.2%, and United Ai...

Brookfield makes takeover offer for American Equity Investment Life Holding

Published Sat, 22 Feb 2025 04:04:28 GMT

TORONTO — Brookfield Reinsurance Ltd. has made a stock-and-cash offer to buy American Equity Investment Life Holding Co. (AEL) that values the company at US$4.3 billion.Under the non-binding expression of interest, the reinsurance arm of Brookfield Corp. is offering US$55 for each AEL share it does not already own. The offer includes US$38.85 in cash and US$16.15 worth of Brookfield Asset Management Ltd. class A limited voting shares.Brookfield Reinsurance would acquire the Brookfield Asset Management (BAM) shares required to pay the non-cash portion of the offer from Brookfield Corp. The transaction would reduce Brookfield Corp.’s stake in BAM to about 73 per cent from 75 per cent.Brookfield already holds about a 20 per cent stake in AEL.AEL confirmed it has received the offer and said it would not comment further until its board has completed its review of the proposal.Both companies said there was no guarantee that an agreement will be reached.This report by The Canadian Pr...

Supreme Court makes it more difficult to convict someone of making a threat

Published Sat, 22 Feb 2025 04:04:28 GMT

WASHINGTON (AP) — The Supreme Court ruled Tuesday to make it more difficult to convict a person of making a violent threat. The case could make it harder for prosecutors to convict certain people who threaten elected officials, including the president.The high court ruled in a case that involves a man who was sentenced to more than four years in prison in Colorado for sending threatening Facebook messages. The man’s lawyers had argued that he suffers from mental illness and never intended his messages to be threatening.Officials said that violent threats against public officials have increased in recent years. The internet and social media generally have expanded the number and kind of threats including online harassment, intimidation and stalking.The question for the court was whether prosecutors must show that a person being prosecuted for making a threat knew their behavior was threatening or whether prosecutors just have to prove that a reasonable person would see it as threaten...

Killing of 3 relatives, including couple marking 50th wedding anniversary, rattles Boston suburb

Published Sat, 22 Feb 2025 04:04:28 GMT

BOSTON (AP) — A suspect will be arraigned Tuesday in connection with a crime that has rattled a Boston suburb and a church community: the apparently random weekend killings of a couple celebrating their 50th wedding anniversary, along with the woman’s 97-year-old mother.Jill D’Amore, 73, Bruno D’Amore, 74, were found dead in their home in Newton, along with Lucia Arpino, after the couple failed to show up for Sunday services at Our Lady Help of Christians Church.Christopher Ferguson was arrested Monday; he also lives in Newton, but it appears he had no other connection to the victims, Middlesex District Attorney Marian Ryan said.It wasn’t immediately clear whether Ferguson had an attorney who could comment on his behalf.The Rev. Dan Riley, of Our Lady Help of Christians, said they were “wonderful people, church-going, kind, hospitable, salt of the earth.” A message to parishioners said the three “lost their lives in a senseless act of violence.”“Bruno was known for his big voice and...

Belarus’ president says Prigozhin, who led a weekend rebellion in Russia, is in his country

Published Sat, 22 Feb 2025 04:04:28 GMT

Yevgeny Prigozhin, owner of the private army of inmate recruits and other mercenaries that has fought some of the deadliest battles in Russia’s invasion of Ukraine, is in Belarus after his abortive armed rebellion against the Kremlin, Belarus’s president said Tuesday.The exile in Belarus of the 62-year-old owner of the Wagner Group had earlier been announced by the Kremlin as part of the deal that ended the short-lived armed mutiny in Russia.Prigozhin and some of his troops would be welcome to stay in Belarus “for some time” at their own expense, Belarusian President Alexander Lukashenko said.The Russian Defense Ministry said preparations are under way for Wagner to hand over its heavy weapons to the Russian military. There was no confirmation of that move by Prigozhin.Russian authorities said earlier Tuesday they have closed a criminal investigation into the uprising and are pressing no charges against Prigozhin or his troops after the negotiated deal.The Federal Security Service, ...

Largest grocers making more on food sales: competition watchdog

Published Sat, 22 Feb 2025 04:04:28 GMT

Canada’s grocery sector needs more competition to help keep food prices down and encourage new entrants, the country’s competition watchdog has found.In a highly anticipated study released Tuesday, the Competition Bureau said concentration in the grocery industry has increased in recent years and the largest grocers have grown the amount they make on food sales. Most Canadians buy groceries in stores owned by a handful of grocery giants, with Canada’s three largest grocers — Loblaws, Sobeys, and Metro — collectively reporting more than $100 billion in sales and $3.6 billion in profits last year, the study found. “We saw Canada’s largest grocers’ food gross margins generally increase by a modest yet meaningful amount over the last five years,” it said. “This longer-term trend pre-dates the supply chain disruptions faced during the pandemic and the current inflationary period.”The Competition Bureau said this signals the need for more competition in...

APD: SWAT called out to southwest Austin apartment, neighbors evacuated

Published Sat, 22 Feb 2025 04:04:28 GMT

AUSTIN (KXAN) – Austin Police said Tuesday morning the SWAT team was called to the 8600 block of West Gate Boulevard. The block is on West Gate just north of Davis Lane. Austin Police officer Alexandra Parker said multiple people called 911 at 4 a.m.When officers arrived to the location approximately 10 minutes later, officer Parker said officers were able to make contact with the victim of a domestic dispute and "get her to safety."Officers said a man refused to surrender and was making violent threats."For the safety of everyone, neighboring apartments were evacuated," according to Officer Parker.SWAT and negotiators were called to the scene."With the expertise of all patrol officers and specialized units on scene, I am confident they will do everything possible to a peaceful resolution," officer Parker said.This is a breaking story. Please stay with KXAN and KXAN.com for further updates.

NYS Office of Fire Prevention warns against dangers of using fireworks

Published Sat, 22 Feb 2025 04:04:28 GMT

GUILDERLAND, N.Y. (NEWS10) -- The New York State Office of Fire Prevention is warning against using sparklers around the Fourth of July holiday. State Fire Administrator James Cable said over 11,000 people are injured every year for firework related injuries.  Get the latest, news, weather, sports and community events delivered right to your inbox! “Statistically the majority of the injuries happen around this time of the year, the week or two just before and just after July Fourth, about 75 percent of fireworks-related injuries occur during that period so it’s important that people be safe," Cable said. "We want people to celebrate July fourth with their family and friends but we want them to be safe."This year, they’re hoping to prevent danger by encouraging people to attend public demonstrations or use alternatives to sparklers. “There are other ways you can get kids involved with glow sticks, arts and crafts projects, those kinds of things," Cable said. "The safest thing to do...

Kerhonkson man pleads guilty to unlawful firearm possession

Published Sat, 22 Feb 2025 04:04:28 GMT

KERHONKSON, N.Y. (NEWS10) -- A Kerhonkson man pleaded guilty on Tuesday to unlawfully possessing a rifle as a previously convicted felon, according to the Department of Justice (DOJ). Bram Fox, 43, also admitted to manufacturing and possessing several dozen firearms, which law enforcement seized from his Ulster County home earlier this year. Get the latest, news, weather, sports and community events delivered right to your inbox! According to the DOJ, Fox admitted that from around October 2020 until January 2023, he purchased firearm parts from several online retailers, had the items shipped to his home in Kerhonkson, and used the parts to manufacture non-serialized handguns and rifles, also known as "ghost guns." Fox also acquired several serialized firearms and thousands of rounds of ammunition, including an Aero Precision M5 rife. The DOJ says Fox has felony convictions in New York and Connecticut, including a 2009 conviction for an armed bank robbery, which prevents him from l...

Zerbini Family Big Top Circus coming to Adams

Published Sat, 22 Feb 2025 04:04:28 GMT

ADAMS, Mass. (NEWS10) -- The Zerbini Family Circus is bringing the big top to Adams, Massachusetts. The circus will be at the Aggie Fairgrounds from July 14 to 16. Get the latest, news, weather, sports and community events delivered right to your inbox! The 90-minute performance will be under the Big Top with general admission seating on bleacher seats. Doors open one hour before the show. Online ticket sales are not available for this event.ShowtimesJuly 14 at 5 p.m. and 7 p.m.July 15 at 4 p.m. and 6 p.m.July 16 at 2 p.m. No fireworks this year at Gloversville Railfest Limited advance $15 tickets are available at Racing Mart in Adams, AJ’s Trailside Pub in Adams, or Berkshire Blends in North Adams. Tickets are $18 the day of, and each paid adult can bring one kid free with a coupon. Kids 3 years and under are free. Tickets are $7 for every other child. The fairgrounds are located at 371 Old Columbia Street. The event is sponsored by the Adams Street Fair Committee.