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Stock market today: Wall Street resumes its rally after encouraging reports on inflation and profits

Published Sat, 22 Feb 2025 16:56:01 GMT

NEW YORK (AP) — Wall Street is back to climbing following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy. The S&P 500 was 0.7% higher in early trading Friday. The Dow was up 207, or 0.6%, after breaking a 13-day winning streak a day before. The Nasdaq composite was up 1.1%. Stocks have been rallying recently on hopes high inflation is cooling enough to get the Federal Reserve to stop hiking interest rates. A report on Friday said the inflation measure the Fed prefers to use slowed by a touch more than expected last month. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.BANGKOK (AP) — Shares in Europe and Asia were mixed on Friday after the Bank of Japan adjusted its bond purchase policy but kept its negative benchmark interest rate unchanged. Paris, Frankfurt, Tokyo and Sydney fell while Hong Kong, London and Shanghai advanced. U.S. futures rose and oil prices fell. Japan’s central bank opted to kee...

F1 team Alpine parts ways with team prinicipal Otmar Szafnauer

Published Sat, 22 Feb 2025 16:56:01 GMT

The Alpine Formula One team will part ways with team principal Otmar Szafnauer by mutual agreement following this weekend’s Belgian Grand Prix.Alpine said in a statement Friday that Bruno Famin, who is the vice president of Alpine Motorsports, will assume the role of interim team principal following Sunday’s race.“The team would like to thank Otmar for his hard work over the past 18 months and for leading the team in achieving fourth place in the 2022 constructors’ championship,” Alpine said.The decision comes amid a restructuring at Alpine, with sporting director Alan Permane leaving by mutual agreement and Pat Fry joining the Williams team as its chief technical officer.The shakeup comes with Alpine in a disappointing sixth place in the constructors’ championship and one week after drivers Esteban Ocon and Pierre Gasly both went out of the Hungarian GP following a crash on Lap 1.Alpine also lost star driver Fernando Alonso after he made a switch to join Aston Mar...

Yandex: Q2 Earnings Snapshot

Published Sat, 22 Feb 2025 16:56:01 GMT

SCHIPHOL, Netherlands (AP) — SCHIPHOL, Netherlands (AP) — Yandex NV (YNDX) on Thursday reported net income of $163.5 million in its second quarter.On a per-share basis, the Schiphol, Netherlands-based company said it had net income of 44 cents. Earnings, adjusted for non-recurring gains, came to 30 cents per share.The Russian search engine posted revenue of $2.1 billion in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YNDX at https://www.zacks.com/ap/YNDXSource

Qin Haiyang and Mollie O’Callaghan complete sweeps at the swimming world championships

Published Sat, 22 Feb 2025 16:56:01 GMT

FUKUOKA, Japan (AP) — Qin Haiyang and Mollie O’Callaghan completed their sweeps on Friday at the swimming world championships.Qin set a world record while winning the men’s 200-meter breaststroke in 2 minutes, 5.48 seconds. The 24-year-old Chinese swimmer became the first man to sweep all three breaststroke events at the same worlds. He earlier won both the 50 and 100 breast.Zac Stubblety-Cook of Australia, the previous world-record holder and the Olympic champion in the event, finished second in 2:06.40, while Matt Fallon of the United States got bronze in 2:07.74.O’Callaghan won the women’s 100-meter freestyle. The triumph made the 19-year-old Australian the first female swimmer ever to sweep the 100 and 200 freestyle golds at the same worlds.O’Callaghan, who set a world record while winning the 100 on Wednesday, won the 200 in 52.16 seconds. She trailed at the turn, but surged in the last 25 meters.Siobhan Bernadette Haughey of Hong Kong earned silver in 52.49, becoming the first...

China edges Haiti 1-0 to keep World Cup hopes alive despite going down to 10 players

Published Sat, 22 Feb 2025 16:56:01 GMT

Adelaide, Australia (AP) — Despite playing with 10 players for more than an hour, China defied the odds to secure a 1-0 victory over Haiti on Friday in its second game of the Women’s World Cup. Forward Wang Shuang scored her first-ever goal at a World Cup in the 74th minute, converting a penalty after VAR ajudged her teammate Zhang Linyan was fouled in the area.This victory marks the second time in Women’s World Cup history that a team has won with 10 players on the field, with the previous occurrence taking place in 2011.KEY MOMENTSAfter a relatively uneventful opening 28 minutes, the game changed dramatically when China midfielder Zhang Rui received a red card for a tackle on Sherly Jeudy. Zhang was initially given a yellow card but, after VAR review, the decision was changed to direct red. The Steel Roses were forced to play with 10 players for the remainder of the match. The one-player advantage allowed Haiti to gain the upper hand, especially following the introduction of...

China 1, Haiti 0

Published Sat, 22 Feb 2025 16:56:01 GMT

Haiti00—0China01—1First Half_None.Second Half_1, China, Shuang, (penalty kick), 74th minute.Goalies_Haiti, Kerly Theus, Nahomie Ambroise, Lara Sophia Larco; China, Yu Zhu, Xu Huan, Hongyan Pan.Yellow Cards_Dumornay, Haiti, 63rd.Red Cards_Rui, China, 29th.Referee_Marta Huerta de Aza. Assistant Referees_Guadalupe Porras Ayuso, Sanja Rodak Karsic, Alejandro Jose Hernandez Hernandez. 4th Official_Marianela Araya Cruz.A_12,675.___Source

5-year-old missing out of Aspen has been found safe

Published Sat, 22 Feb 2025 16:56:01 GMT

DENVER (KDVR) — The Colorado Bureau of Investigation confirmed an endangered and missing 5-year-old boy out of Aspen was found safe Friday morning.When CBI issued the alert, law enforcement said they were very concerned for the child's safety.According to CBI, the 5-year-old was last seen on Thursday at around 11:45 p.m. CBI believes he was taken by 50-year-old Dagoberto Moreno-Romero. 2-month-old at center of Amber Alert found safe Police found the boy's mother suffering from significant injuries and believe Moreno-Romero made direct threats to harm the boy.Just before 8 a.m., CBI confirmed the boy was safe. They have not provided an update on the suspect.

The Rock surprises UFC newcomer Themba Gorimbo with gym encounter in Miami

Published Sat, 22 Feb 2025 16:56:01 GMT

Hollywood superstar and former WWE wrestler Dwayne “The Rock” Johnson surprised UFC newcomer Themba Gorimbo during an interview at a gym in Miami. The video, shared by The Rock himself on social media, showed the action star stealthily approaching Gorimbo from behind during the interview. As the UFC newcomer continued answering questions, he suddenly noticed The Rock standing to his left. Gorimbo’s initial surprise quickly turned into sheer disbelief as he realized the presence of the legendary Hollywood actor and wrestling icon beside him.The Rock, known for his charitable deeds and interactions with fans, revealed in the post that he had flown down to Miami specifically to meet the rising UFC star. “We’ve never met but I had to fly to Miami to look this man @TheAnswerMMA in the eyes, hug him and shake his hand. I’ve been moved & motivated by his story,” read the tweet.The gesture left both fans and Gorimbo himself astonished and touched by the une...

‘Get an ambulance here now’: 911 call reveals response to Bronny James’ cardiac arrest

Published Sat, 22 Feb 2025 16:56:01 GMT

(CNN) — The frantic call underscored the dire emergency:“Listen … listen to me,” a distraught man tells a 911 operator. “Get an ambulance here now.”“All right, sir, we’re going to send help,” the operator responded. “Don’t hang up, sir, don’t hang up.”Bronny James, the 18-year-old son of NBA legend LeBron James, had gone into cardiac arrest during basketball practice. The incoming freshman for the University of Southern California’s basketball team was hospitalized Monday, his family had said.He has since been released from Cedars-Sinai Medical, the Los Angeles hospital said Thursday.“Although his work-up will be ongoing, we are hopeful for his continued progress and are encouraged by his response, resilience, and his family and community support,” said Dr. Merije Chukumerije, a cardiologist at Cedars-Sinai.Chukumerije complimented the “swift and effective response” of the USC athletics medical staff.“He arrived at Cedars-Sinai Medical Center fully conscious, neurologically intact a...

‘We simply are nowhere’: EU slams lack of progress at G20 climate meeting

Published Sat, 22 Feb 2025 16:56:01 GMT

G20 climate ministers failed to make progress on key issues on Friday, drawing sharp criticism from the European Union. Talks in the southern Indian city of Chennai took place against the backdrop of scientists finding that July is on track to become the world’s hottest month on record. But the discussions wrapped up without consensus on the global transition away from fossil fuels; last week’s G20 energy ministerial ended on a similar note. The EU, represented by Environment Commissioner Virginijus Sinkevičius at the meeting, responded with exasperation. “At the end of our meeting today, is the glass half full or half empty?” Sinkevičius asked in his closing remarks. “It is certainly empty when we look at where we stand on G20 commitments to address climate change — we simply are nowhere.” Noting the devastation wrought by extreme weather across the globe in recent weeks, he decried the G20’s inability to find agreement on climate and energy issues as...