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Asian stocks follow Wall Street up ahead of US jobs update

Published Wed, 26 Feb 2025 01:59:56 GMT

BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday ahead of a U.S. job market update that traders hope might encourage the Federal Reserve to ease off plans for more interest rate hikes.Shanghai, Tokyo and Seoul gained. Hong Kong and Australian markets were closed for a holiday.Traders who worry higher interest rates might tip the global economy into recession looked ahead to U.S. government data that are expected to show the job market is cooling. They hope that might prompt the Fed to decide aggressive rate hikes are no longer needed to extinguish inflation.Other data have “confirmed a clear trend that a labor market slowdown has begun,” said Edward Moya of Oanda in a report.The Shanghai Composite Index gained 0.4% to 3,325.92 and the Nikkei 225 in Tokyo advanced 0.2% to 27,512.81. The Kospi in Seoul rose 1.2% to 2,488.24.On Wall Street, the benchmark S&P 500 rose 0.4% on Thursday to 4,105.02 after a U.S. government report showed fewer workers filed for u...

Are inflation pressures easing? Jobs report may offer clues

Published Wed, 26 Feb 2025 01:59:56 GMT

WASHINGTON (AP) — For more than a year, the Federal Reserve’s inflation fighters have been tightening their grip on the American economy with nine straight interest rate hikes. A key goal has been to slow the sizzling pace of hiring to help cool price pressures.So far, the job market has refused to crack.Hiring was surprisingly robust in both January and February, confounding forecasters. The unemployment rate remains barely above half-century lows.The latest economic signs, though, increasingly suggest that an economic slowdown may be upon us. Employers are posting fewer job openings. More Americans are lining up for unemployment aid. Manufacturers are in retreat. America’s trade with the rest of the world is shrinking. And though restaurants, retailers and other services companies are still growing, they are doing so more slowly. “The economic data seem to show the economy slowing down dramatically in the first quarter of 2023, bolstering the hopes of Fed officials that less...

It’s “cooler near the lake” season — but 2023’s warmest weather yet builds in next week

Published Wed, 26 Feb 2025 01:59:56 GMT

It's “cooler by the lake season” and this will be evident both Friday and Saturday where inland high temperature will be significantly milder than areas in close proximity to Lake Michigan.Friday afternoon temperature snapshot — 50s inland but low 40s near the lake. Saturday afternoon temperature snapshot — low 60s inland but only near 50 lakesideFULL-DAY TEMPERATURE DEPARTURES FROM NORMALExtended spell of above normal temperatures begins on SaturdayDaytime high temps are predicted to surge to/above 70-degrees each day next week, making it the warmest run of weather here to date in 2023. It’s even conceivable a temperature could approach 80 in the area Tuesday, Wednesday and Thursday next week. The expansion of warm temps over a good swath of the country is reflected in the predicted percent of the Lower 48 which is to reach or exceed 70-degrees. 17% of the country is to do that Thursday down to 11% Friday. But warming begins for the Easter weekend with 21% of the country looking fo...

Down five starters, Nuggets fight but fall to full-strength Suns

Published Wed, 26 Feb 2025 01:59:56 GMT

PHOENIX – Ish Smith looked up at Kevin Durant, not in awe of the size or talent discrepancy between the two, but eager to get on with the competition.Down all five starters due to various ailments, the Nuggets embodied Smith’s competitive ethos. In a game that didn’t mean much after the Nuggets sealed the No. 1 seed by virtue of another team’s loss, it meant a lot to those that played.And it wasn’t until late in the fourth quarter, when Durant and Chris Paul buried consecutive 3-pointers to seize momentum, that it finally felt like Phoenix, at full strength, had asserted itself. The Suns went on to win, 119-115, dropping Denver to 52-28 on the season with only two games left in the regular season.But Denver’s reserves (and on this night, starters) had made an impression. Bruce Brown bulldozed for 31 points, and Reggie Jackson added 20.While Nikola Jokic (calf), Jamal Murray (thumb), Michael Porter Jr. (heel), Aaron Gordon (shoulder) and Kentavious Caldwell-Pope (sick) all sat, the N...

The money behind why CHSAA moved the state football championships to Canvas Stadium

Published Wed, 26 Feb 2025 01:59:56 GMT

On Thursday in Fort Collins, CHSAA announced the state championship football games for Class 5A and 4A are moving from Empower Field to Canvas Stadium starting this year and that the Class 3A title will also move there in 2024.In an interview with The Denver Post, CHSAA commissioner Michael Krueger said moving the games to Fort Collins was “a financially responsible decision for our membership.”“As we looked at all the factors as our lease expired with Empower Field, it would be unrealistic for us to not consider the financial implications that the move would have on CHSAA,” Krueger said. “This move will have a substantial impact relative to the association’s financial considerations.”Krueger declined to talk financial specifics, but revenue numbers from the history of “Championship Saturday” at Mile High provided to The Denver Post by the Colorado Sports Hall of Fame indicates CHSAA’s earning potential off the games was li...

Crews knock down residential structure fire in Westlake

Published Wed, 26 Feb 2025 01:59:56 GMT

Firefighters were battling a tree fire that spread to a two-story residential structure Thursday night in Westlake, authorities announced. Crews with the Los Angeles Fire Department responded to the blaze, located in the 1500 block of West Cambria Street, just before 8:20 p.m. When firefighters arrived at the scene, heavy flames could be seen coming out of the structure’s attic, LAFD said. Additional firefighters were requested while crews were in defensive mode.  Aerial footage from Sky5 showed a large presence of firefighters on the scene, as well as Los Angeles police detaining a person for an unknown reason. Flames seen at a residential structure in Westlake on April 6, 2023. (Citizen App)Fire crews on the scene of a Westlake area residential structure fire on April 6, 2023. (KTLA)Flames and smoke seen coming from a residential structure blaze in Westlake on April 6, 2023. (KTLA)Officers with LAPD seen detaining a person for at the Westlake area fire for an unreason on...

Police search for missing teen who disappeared in Orange County

Published Wed, 26 Feb 2025 01:59:56 GMT

Police are searching for a critically missing teen who was last seen in Tustin on Thursday.The teenager was identified as Iesha Marquardt, 14, by the Tustin Police Department.She was last spotted in the area of Red Hill Avenue and San Juan, police said.She is described as a Hispanic female who was last seen wearing a black sweatshirt, black pants, a white T-shirt with a graphic saying “I’m with stupid," and black Crocs shoes.Missing teen Iesha Marquardt, 14, in a photo from the Tustin Police Department. $100,000 reward offered for teenage girl who disappeared in Carson A “critically missing person” is defined as:-The victim of a crime or foul play.-A person in critical need of medical attention.-A person who has no pattern of running away or disappearing.-The victim of a kidnapping or parental abduction.-A person who is mentally impaired to the extent that such person is unable to care for him or herself or is an immediate danger to his or her own safety or the safety of others.An...

Reportan fuerte incendio en la Central de Abastos en Ciudad de México

Published Wed, 26 Feb 2025 01:59:56 GMT

(CNN) — En México, la Secretaría de Gestión Integral de Riesgos informó a través de su cuenta de Twitter que los equipos de emergencia combaten un incendio en la Central de Abastos, ubicado en la alcaldía Iztapalapa de la capital del país.En entrevista con Foro TV, afiliada de CNN, el director general del Cuerpo de Bomberos de la Ciudad de México, Juan Manuel Pérez Cova, dijo que los reportes preliminares indican que el incendio afecta el área de “tarimas y envases vacíos”.Se registra #incendio en Área Federal Central de Abastos, @Alc_Iztapalapa. Equipos de emergencia al lugar. Evita la zona y permite el paso a vehículos oficiales. #TrabajandoJuntos— Secretaría de Gestión Integral de Riesgos y PC (@SGIRPC_CDMX) April 7, 2023Pérez Cova agregó que se trata de un área de tamaño considerable, por lo que han ordenado la evacuación en la zona comercial cercana.Por su parte, la jefa de gobierno de Ciudad de México, Claudia Sheinbaum, dijo en su cuenta de Twitter que hasta...

Paul makes 7 3s, Suns beat Nuggets for 7th straight win

Published Wed, 26 Feb 2025 01:59:56 GMT

PHOENIX (AP) — Chris Paul made a career-high seven 3-pointers and the Phoenix Suns won their season-best seventh game in a row, holding off the short-handed Denver Nuggets 119-115 on Thursday night.Kevin Durant added six 3s and led the Suns with 29 points, while Paul scored 25. Durant also had seven rebounds.Devin Booker made just 3 of 12 shots, but still scored 15 as he was 8 for 8 from the free throw line. Booker also had eight assists, while Deandre Ayton scored 16 points and reserve Torrey Craig had 11.Paul’s 3-pointer with 3:07 to play made it 114-107, the biggest lead of the night for either team at that point.Bruce Brown led Denver (52-28), playing without all five starters, with 31 points on 11-of-18 shooting. Reggie Jackson had 20 points and six assists, while DeAndre Jordan had 12 points and 11 rebounds.Nikola Jokic had missed three games with a calf injury before returning to play 25 minutes in Tuesday’s loss to Houston. He was sidelined again Thursday, as were Aaron Gord...

High-A Northwest League Glance

Published Wed, 26 Feb 2025 01:59:56 GMT

All Times EDTNorthwest LeagueWLPct.GBTri-City (L.A. Angels)101.000—Eugene (San Francisco)00.000½Everett (Seattle)00.000½Spokane (Colorado)00.000½Vancouver (Toronto)00.000½Hillsboro (Arizona)01.0001___Thurday’s GamesTri-City 9, Hillsboro 2Friday’s GamesHillsboro at Tri-City, 9:30 p.m.Eugene at Everett, 10:05 p.m.Spokane at Vancouver, 10:05 p.m.Saturday’s GamesSpokane at Vancouver, 4:05 p.m.Eugene at Everett, 7:05 p.m.Hillsboro at Tri-City, 9:30 p.m.Sunday’s GamesSpokane at Vancouver, 4:05 p.m.Eugene at Everett, 7:05 p.m.Monday’s GamesNo Games ScheduledSource