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Stocks end mixed on Wall Street amid rate hike expectations

Published Sat, 22 Feb 2025 10:50:52 GMT

By STAN CHOE (AP Business Writer)NEW YORK (AP) — Stocks were mixed Monday in their first trading after a report heightened speculation the Federal Reserve may tap the brakes a little harder on financial markets and the economy. The S&P 500 rose 4.09 points, or 0.1%, to 4,109.11. It did not trade on Friday, when data showing a resilient U.S. jobs market heightened expectations the Fed would hike interest rates again at its next meeting. Big Tech stocks fell more than the rest of the market, which helped drag the Nasdaq composite down 3.60, or less than 0.1%, to 12,084.36. It was down as much as 1.4% earlier in the day. The Dow Jones Industrial Average was steadier, and it rose 101.23, or 0.3%, to 33,586.52. Higher rates tend to hit tech and other high-growth stocks the hardest, and Apple and Microsoft were the two heaviest drags on the S&P 500. Apple fell 1.6%, and Microsoft slipped 0.8.%. Tesla also dipped 0.3% after paring a sharper, early loss. The company cut pric...

‘The Little Mermaid’ live-action remake to feature modified lyrics ‘because people have gotten very sensitive’

Published Sat, 22 Feb 2025 10:50:52 GMT

Karu F. Daniels | (TNS) New York Daily NewsDisney’s anticipated live-action remake of “The Little Mermaid” will not only have a more diverse cast, the soundtrack will have updated lyrics.According to composer Alan Menken, who created the music for the original 1989 movie, the new film will feature lyrics to include consent.The beloved songs “Kiss the Girl” and “Poor Unfortunate Souls” will be edited to reflect the cultural shift of modern times.“There are some lyric changes in ‘Kiss the Girl’ because people have gotten very sensitive about the idea that [Prince Eric] would, in any way, force himself on [Ariel],” the Oscar winner said in a recent Vanity Fair interview.During the original “Kiss the Girl” scene, Prince Eric is encouraged to kiss Ariel, who has no voice at the time.Meanwhile, “Poor Unfortunate Souls” has a line in which Ursula says: “The men up there don’t like a lot of blabber, they think a girl who gossips is a bore, yet on land, it’s much preferred for ladies not to ...

Sox place Duvall on IL with fractured wrist, Dalbec recalled

Published Sat, 22 Feb 2025 10:50:52 GMT

The Red Sox could be without their hottest hitter for a while.Outfielder Adam Duvall is headed for the injured list with a fractured left wrist, the Red Sox said Monday afternoon, and infielder Bobby Dalbec is being recalled to fill his spot on the active roster.Alex Cora told reporters in St. Petersburg that Duvall suffered a distal radius fracture and his timetable is unknown, though typically most fractures require at least four to six weeks of recovery time. Duvall was back in Boston undergoing testing Monday and the club is still trying to determine if he’ll require surgery.Duvall suffered the injury in the ninth inning of Sunday’s 4-1 win over Detroit, landing awkwardly on his left wrist while trying to make a diving catch. Duvall previously underwent season-ending surgery on the same wrist last season to repair a torn tendon sheath, which cost him the last two months of the year.With Duvall sidelined the Red Sox will likely rely more heavily on reserve outfielders...

From buried grottos to mysterious orbs, could this Northern California property become a Catholic shrine?

Published Sat, 22 Feb 2025 10:50:52 GMT

Brut Farris moved into a cottage among the towering redwoods overlooking the Boulder Creek deep in the Santa Cruz Mountains of Northern California about 15 years ago because it was scenic — not sacred.It didn’t hurt that there was plenty of space for him and his friends to shoot their bows and park their Harleys.So when he stumbled upon a toppled-over statue of the Virgin Mary in a stone enclosure while helping extend the driveway to the edge of a hillside, he didn’t think much  about chucking it into a sinkhole with other debris.Cora Evans, who died 56 years ago, has been declared a “Servant of God” by The Catholic Church, the first step on the path to sainthood. (Courtesy of family)He had no idea back then that the property’s previous owner, the late Cora Evans who died here in 1957, was a candidate for sainthood in the Catholic Church. He hadn’t heard the stories that she was considered a mystic and fell into deep trances and wrote thousands of pages about walks with God. He didn...

Magic relocating G League affiliate from Lakeland to Kissimmee

Published Sat, 22 Feb 2025 10:50:52 GMT

The Orlando Magic on Monday called for a press conference Tuesday afternoon, when they’re expected to relocate their NBA G League affiliate from Lakeland to Kissimmee, league sources told the Orlando Sentinel.The Magic’s G League team will be rebranded as the Osceola Magic and will start playing at Silver Spurs Arena in November.This story will be updated.This article first appeared on OrlandoSentinel.com. Email Khobi Price at [email protected] or follow him on Twitter at @khobi_price. ()

Love of soup leads woman to help millions through charity

Published Sat, 22 Feb 2025 10:50:52 GMT

Sharon Hapton has been making soup her whole life but, in 2009, she decided to turn this love for making soup into a charity.“I was celebrating a milestone birthday and I invited 30 girlfriends to a soup making birthday party and at night delivered the first batch of fresh soup ever to an emergency women shelter,” said Hapton.Soup Sisters was born on that day. It’s a not-for-profit that started in Calgary and now serves agencies nationwide.They operate in 27 cities in Canada and the United States and run by volunteers in each city with a purpose to provide soup for women and children escaping domestic violence and youth in crisis.“It always amazes me when we’re walking round our beautiful, lovely country how many people are suffering and with things like a pandemic and their recuperation of such things it just impacts even more,” said Kristyn Drever, the director of operations with Soup Sisters. “And it doesn’t even have to be much but...

Maine city reopens arena to hundreds of asylum seekers

Published Sat, 22 Feb 2025 10:50:52 GMT

PORTLAND, Maine (AP) — Hundreds of asylum seekers filed into a basketball arena in Portland on Monday as Maine’s largest city deals with a months-long surge in immigration that has taxed its already limited housing market.It’s the second time in recent years that Portland has repurposed the Portland Exposition Building — a century-old red-brick gym that houses a minor league basketball team and has hosted everyone from President John F. Kennedy to the Beach Boys — to serve migrants. The floor of the arena was lined with cots as families carried in bags of clothes, food and personal possessions.Communities around the country have been dealing with growing numbers of asylum seekers, and pending rule changes could mean more are coming. A COVID-19 pandemic rule that has suspended rights to seek asylum for many is slated to end in May.It was a massive undertaking to make Portland’s temporary shelter ready for asylum seekers, but it was not as frantic as in 2...

AP sources: EPA car rule to push huge increase in EV sales

Published Sat, 22 Feb 2025 10:50:52 GMT

WASHINGTON (AP) — The Biden administration will propose strict new automobile pollution limits this week that would require at least 54% of new vehicles sold in the U.S. to be electric by 2030 and as many as two of every three by 2032, according to industry and environmental officials briefed on the plan.The proposed regulation, to be released Wednesday by the Environmental Protection Agency, would set greenhouse gas emissions limits for the 2027 through 2032 model years for passenger vehicles that would be more even stricter than goals the auto industry agreed to in 2021.The EPA will offer a range of options that the agency can select after a public comment period, the officials said. They asked not to be identified because the proposal hasn’t been made public. The proposed regulation isn’t expected to become final until next year.Environmental groups are applauding the ambitious numbers, which were first reported over the weekend by The New York Times. But the plan is ...

US finds WSJ reporter in Russia is wrongfully detained

Published Sat, 22 Feb 2025 10:50:52 GMT

WASHINGTON (AP) — The Biden administration formally determined Monday that a Wall Street Journal arrested in Russia on espionage charges has been “wrongfully detained.”The designation elevates the case of Evan Gershkovich in the U.S. government hierarchy and means that a dedicated State Department office will take the lead on securing his release. Secretary of State Antony Blinken announced the determination on Monday, saying he condemned the arrest and Russia’s repression of independent media.“Today, Secretary Blinken made a determination that Evan Gershkovich is wrongfully detained by Russia,” the department said in a statement. “Journalism is not a crime. We condemn the Kremlin’s continued repression of independent voices in Russia, and its ongoing war against the truth.”Russian authorities arrested Gershkovich, 31, in Yekaterinburg, Russia’s fourth-largest city, on March 29. He is the first U.S. correspondent since the Cold War to be detained for alleged spying.The Federal Secur...

S&P/TSX composite posts small Monday gain, U.S. markets mixed

Published Sat, 22 Feb 2025 10:50:52 GMT

TORONTO — Canada’s main stock index ticked upward Monday thanks to broad-based strength while U.S. markets were mixed.The S&P/TSX composite index was up 79.13 points at 20,275.82.In New York, the Dow Jones industrial average was up 101.23 points at 33,586.52.The S&P 500 index was up 4.09 points at 4,109.11,while the Nasdaq composite was down 3.60 points at 12,084.36.The Canadian dollar traded for 73.93 cents US compared with 74.19 cents US on Thursday.The May crude contract was down 96 cents at US$79.74 per barreland the May natural gas contract was up 16 cents at US$2.17 per mmBTU.The June gold contract was down US$22.60 at US$2,003.80 an ounce and the May copper contract was down almost four cents at US$3.98 a pound.This report by The Canadian Press was first published April 10, 2023.Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)The Canadian Press