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Stock market today: Wall Street sags and heads toward a rare back-to-back loss

Published Wed, 26 Feb 2025 06:21:35 GMT

NEW YORK (AP) — Wall Street is sagging again Tuesday as a big rally that had sent it to a 20-month high loses steam.The S&P 500 was 0.4% lower in early trading and on track for its first back-to-back drop since October. The Dow Jones Industrial Average was down 131 points, or 0.4%, as of 9:40 a.m. Eastern time, and the Nasdaq composite was 0.3% lower.Stocks were down even more sharply in Asia amid worries about the health of China’s economy, the world’s second largest. On Wall Street, KeyCorp slumped 2.5% for one of the larger losses after it cut its forecast for income from fees and other non-interest income. December’s loss of momentum comes after stocks charged higher through November on hopes the Federal Reserve may finally be done with its market-shaking hikes to interest rates. Inflation has come down since its peak two summers ago, and the hope is that means the Fed can soon turn to cutting interest rates, which could help keep the economy out of a recession and jui...

UK, Rwanda strike new treaty in an attempt to unblock their controversial asylum plan

Published Wed, 26 Feb 2025 06:21:35 GMT

KIGALI, Rwanda (AP) — The interior ministers of Britain and Rwanda signed a treaty on Tuesday that aims to revive a plan to send asylum-seekers to the East African country that had been blocked by U.K. courts.British Home Secretary James Cleverly said the legally binding agreement signed with his Rwandan counterpart, Vincent Biruta, would “address all the issues” raised by the U.K. Supreme Court when it ruled last month that the policy was unlawful.The court said the plan was illegal because Rwanda is not a safe country for refugees. Britain’s top court said asylum-seekers faced “a real risk of ill-treatment” and could be returned by Rwanda to the home countries they had fled.The treaty includes a promise by Rwanda not to send asylum-seekers back to their home countries, even if their applications are refused.“We feel very strongly that this treaty addresses all of the issues raised by their lordships in the Supreme Court and we have worked very closely with our Rwandan partners to ...

Hovnanian: Fiscal Q4 Earnings Snapshot

Published Wed, 26 Feb 2025 06:21:35 GMT

MATAWAN, N.J. (AP) — MATAWAN, N.J. (AP) — Hovnanian Enterprises Inc. (HOV) on Tuesday reported earnings of $97.3 million in its fiscal fourth quarter.On a per-share basis, the Matawan, New Jersey-based company said it had profit of $13.05. Earnings, adjusted to extinguish debt, came to $15.57 per share.The homebuilder posted revenue of $887 million in the period.For the year, the company reported profit of $205.9 million, or $26.88 per share. Revenue was reported as $2.76 billion.For the current quarter ending in January, Hovnanian said it expects revenue in the range of $525 million to $625 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HOV at https://www.zacks.com/ap/HOVSource

With a kit or from scratch, you can grow mushrooms indoors at home

Published Wed, 26 Feb 2025 06:21:35 GMT

My late Uncle Pepe was an avid mushroom hunter, rising early on late-summer Saturdays, field guide in hand, to head to a local New York City park for his weekly forage. Upon his return, my Aunt Jenny would meticulously wash the hen-of-the-woods, turkey tail or other fungi free of soil and insects, and sauté them with hot peppers or add them to sauces or stews. Then the phone call would come, inviting my family over to share the bounty.My father was always game, but my mother, who firmly believed in the old adage, “There are old mushroom hunters, and there are bold mushroom hunters, but there are no old, bold mushroom hunters,” wouldn’t allow us to partake in the feast until the following day, when my aunt’s and uncle’s survival would provide proof of its safety.“They’re alive!” she would announce, holding the phone to one ear. And off we would go to enjoy the spoils of my uncle’s latest quest.More than 40 years later, I still find myself craving those mushrooms. But since I’m not a ...

Arlington officials investigate house explosion that happened as police tried to serve warrant

Published Wed, 26 Feb 2025 06:21:35 GMT

Law enforcement officials returned to Arlington, Virginia, Tuesday to investigate what caused an explosion that leveled a home as police attempted to serve a search warrant.As of Tuesday morning, Arlington County police established a yellow police tape perimeter of at least a block from the house on North Burlington Street in the Bluemont neighborhood where the explosion took place on Monday night.A shelter-in-place for residents has been lifted and pedestrians walking in front of nearby Key Elementary School are seen trying to take photos of the destruction. The smell of char from the explosion remains as drivers and pedestrians on North George Mason Drive try to peer through a wood line to see the devastated home. Where the duplex once stood is now a pile of debris.Officials are still trying to determine what happened to the suspect and haven’t publicly identified the person. Officers tried to serve a search warrant as shots were being fired from inside the house at around 4...

PGA Tour and LPGA come together for mixed-team tournament in Florida

Published Wed, 26 Feb 2025 06:21:35 GMT

PGA TOUR AND LPGA TOURGRANT THORNTON INVITATIONALSite: Naples, Florida.Course: Tiburon GC. PGA Tour yardage: 7,382. LPGA Tour yardage: 6,595. Par: 72.Prize money: $4 million. Winners’ share: $720,000.Television: Friday, 1-4 p.m. (Golf Channel); Saturday, 2-3 p.m. (Golf Channel), 3-5 p.m. (NBC); Sunday, 1-2 p.m. (Golf Channel), 2-4 p.m. (NBC).Previous winners: John Daly and Laura Davies (1999).Last week: Scottie Scheffler won the Hero World Challenge.Notes: This takes over for what formerly was known as the Shark Shootout, making it the first mixed team event with the PGA Tour and LPGA Tour since the 1999 JC Penney Classic. … The event is unofficial and will not count toward either tour. … Lexi Thompson previously played the event with a PGA Tour partner. She is playing this year with Rickie Fowler. Her previous partner, Tony Finau, is playing with Nelly Korda. … Ludvig Aberg is playing with fellow Swede Madelene Sagstrom. The 16 teams include 11 PGA Tour play...

Demolition on the table for Broomfield's 1stBank Center

Published Wed, 26 Feb 2025 06:21:35 GMT

BROOMFIELD, Colo. (KDVR) — The City and County of Broomfield are working to approve the next steps for the building. The 1stBank Center along U.S. 36 closed on Nov. 30.The city is working to turn it into something else. The Broomfield Urban Renewal Area (BURA) decided back on May 23, to terminate the operator agreement with Peak Entertainment. While the 1stBank Center has hosted minor league hockey and basketball, ice shows, concerts and other community events, the city said it continues to suffer from underutilization. Jeffco parents claim 11-year-old assigned trans roommate on school trip The venue has never approached the estimated 180-190 annual events the city anticipated.Over the last five years, the City and County of Broomfield have investigated additional uses for the facility, but the city said none have proven viable. In Tuesday night’s meeting, they will discuss the next steps including demolition, planning what’s next and refinancing. According to city documents: Sta...

Inmate transport driver from Florida who quit mid-trip and refused to stop charged with kidnapping, sheriff says

Published Wed, 26 Feb 2025 06:21:35 GMT

STATESVILLE, N.C. (AP) — An inmate transport van driver is facing kidnapping charges after authorities in North Carolina said he quit mid-trip and refused to stop with the prisoners at the intended destination.The Iredell County Sheriff’s Office said it got a call last week from the owner of a company that delivers inmates to and from detention centers around the country warning them to be on the lookout for an inmate transport van traveling on Interstate 40 in Statesville. The owner reported that the driver was off-course and refusing to return the van, the sheriff’s office said in a news release on Thursday.There were four inmates in the van’s locked cargo area but the sheriff’s office said the driver, identified as Joshua James Pinquet, 21, of Orlando, Florida, told the owner in text messages that he was quitting and he refused to stop in Hickory as planned.Deputies stopped the van on I-40, detained the two employees and ensured all inmates were secured in the van.Pinquet w...

Treat your elf to a stay in Santa Claus’ cabin this Christmas season

Published Wed, 26 Feb 2025 06:21:35 GMT

(CNN) — Each year, millions of families wait for Santa Claus to visit their homes but now, you can visit his.Airbnb is inviting one lucky family to spend three nights at Santa’s cabin in Rovaniemi, Finland, where they’ll get the chance to experience the magic of Christmas in a winter wonderland.In addition to the stay, the family can volunteer to work in Santa’s post office, which is only a short distance from the cabin. They’ll be able to roll up their sleeves and help Santa’s elves manage the 30,000 letters he receives every day.“We want this to be a magical and immersive experience for a family in search of the ultimate Yuletide experience,” said Katja, the post office’s “chief elf” and Airbnb host. “Not only will guests get to sleep in Santa Claus’ cabin, they’ll also get a sneak peek behind the scenes of the world’s official Santa Claus post office during our liveliest time of the year.”The family will stay in a cabin bedecked in traditional Lapland decorations, dine on Fi...

Florida motorist accused of firing at Rhode Island home stopped with over 1,000 rounds of ammo

Published Wed, 26 Feb 2025 06:21:35 GMT

EAST PROVIDENCE, R.I. (AP) — A Florida motorist accused of firing shots at an East Providence home before leading officers on a wild pursuit in Rhode Island last week appeared in court Monday.More than 1,000 rounds of ammunition were recovered from the black Nissan Armada, and several guns were also found in a backpack discarded along the chase route, according to police.Courtesy East Providence Police DepartmentLaw enforcement officials brought more than 100 counts against Joshua Pavao, 43, with a last known address in Kissimmee.No pleas were entered in court Monday. Bail was at $100,000 with surety, and Pavao was ordered to turn over all of his firearms and his passport.Pavao lives with a parent in Florida and will be allowed to return to the state only after meeting pre-trial conditions, according to officials.The court clerk’s office did not immediately have the name of an attorney representing Pavao.During the chase, the suspect crashed into several other vehicles, officials sa...