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Wall Street futures tick higher ahead of US inflation update

Published Fri, 21 Feb 2025 18:44:08 GMT

BEIJING — Wall Street inched higher ahead of an inflation update Friday that could influence the Federal Reserve and its decision on interest rates at its next meeting.Futures for the benchmark S&P 500 index inched up about 0.1% and the Dow Jones Industrial Average rose 0.2% before the opening bell.On Friday, the Commerce Department releases its consumer spending report that contains a measure of inflation — personal consumptions expenditures, or PCE — that is closely watched by the Federal Reserve.A softer inflation reading would be a “signal to continue with the risk-on theme,” said Tim Waterer of Kohle Capital Markets in a report.Traders were rattled by this month’s bank failures but regulators appear to have calmed fears by promising lending measures if needed to keep other institutions stable after repeated rate hikes caused prices of bonds and other assets on their books to fall.Markets have shifted focus back to uncertainty about the global economic outlook as the F...

Ukraine looks to block athletes from competing with Russians

Published Fri, 21 Feb 2025 18:44:08 GMT

KYIV, Ukraine (AP) — The Ukrainian government is looking to block its athletes from sports competitions, particularly qualifying events for next year’s Paris Olympics, which readmit Russian athletes.The International Olympic Committee recommended Tuesday that sports federations allow Russians and Belarusians to compete as neutral athletes without national symbols. Ukraine wanted to continue the full exclusion, which had been in place in most sports since shortly after last year’s Russian invasion.Government minister Oleh Nemchinov said Thursday that a decision had been taken only to enter events with no Russians involved, according to public broadcaster Suspilne.No ruling was immediately published and it was not clear exactly how it would be implemented. The IOC recommends allowing Russians to compete as individuals but not as national teams. However, several Olympic sports run individual and team events together at a single location, as in gymnastics or fencing. Interna...

10-year-old killed in multi-vehicle crash on QEW near Beamsville

Published Fri, 21 Feb 2025 18:44:08 GMT

A 10-year-old boy is dead after a multi-vehicle crash on the QEW near Beamsville.Provincial police say the three-vehicle collision occurred in the Niagara bound lanes at Tufford Road around 5:30 p.m. Thursday.Police say a vehicle being driver by a 31-year-old Mississauga woman collided into the rear of an SUV that was carrying two 10-year-old brothers in the back seat. The SUV was pushed forward into another SUV.OPP Sgt. Kerry Schmidt says the chain reaction crash occurred when the initial vehicle “approached slowing, or stopped, traffic.”Fatal collision: A 10 year old boy from Beamsville Ont. was pronounced deceased in hospital after a three vehicle collision on the #QEW/Tufford Rd. Vineland. Three others to hospital with minor injuries. Investigation ongoing, updates to follow. #BurlingtonOPP pic.twitter.com/vdDvXJE3nj— OPP Highway Safety Division (@OPP_HSD) March 31, 2023One of the young boys was extricated from the SUV and taken to hospital with serious injuri...

In The News for March 31: Drilling down on cost of federal dental care

Published Fri, 21 Feb 2025 18:44:08 GMT

In The News is a roundup of stories from The Canadian Press designed to kickstart your day. Here is what’s on the radar of our editors for the morning of March 31…What we are watching in Canada …The search is expected to continue today after six bodies were discovered Thursday in the St. Lawrence River near Akwesasne, Que.The Akwesasne Mohawk Police Service says the first body was located around 5:00 p.m. in a marsh area, which searched later Thursday evening by a police marine unit with the help of the Canadian Coast Guard and the Hogansburg Akwesasne Volunteer Fire Department.Air support units with the Quebec provincial police and Ontario Provincial Police are expected to assist with further investigation of the area.Post-mortem and toxicology tests have been ordered to determine the cause of death.Akwesasne Mohawk Police say they are attempting to identify the deceased persons and determine their status in Canada.Akwesasne is close to the United States border ac...

Huawei profit sinks in 2022 amid sanctions, but sales higher

Published Fri, 21 Feb 2025 18:44:08 GMT

HONG KONG (AP) — Huawei on Friday reported a nearly 70% decline in profit last year amid sanctions and pandemic challenges, but its enterprise sales rose as the Chinese technology giant sought to pivot into digital industries and reduce its vulnerabilities to U.S. sanctions.“While it’s true that we have considerable pressures ahead of us, we still see opportunities to grow a resilient business portfolio, a unique competitive edge, the trust of our customers and partners and have the courage to invest heavily in R&D,” Eric Xu, the outgoing rotating chairman of Huawei, said at a news conference.Huawei its revenue in 2022 reached 642.3 billion yuan ($93.5 billion), a 0.9% gain from the year before.Its net profit for the year was 35.6 billion yuan ($5.2 billion), down 68.7% from 2021 amid pressures from the pandemic, U.S. sanctions, an increase in commodity prices and R&D spending, as well as a decline in the company’s consumer business, which mostly sells smartphones. Hua...

Multiple 7-Eleven's robbed within minutes on North Side

Published Fri, 21 Feb 2025 18:44:08 GMT

CHICAGO — Multiple 7-Eleven locations were robbed on the city's Far North Side Friday morning. According to police, two armed men entered a 7-Eleven store near the 1400 block of West Montrose Street and approached the clerk demanding property.The men fled with an undisclosed amount of cash. Another robbery was reported at a 7-Eleven location near the 1500 block of West Lawrence Avenue a few minutes later. Police say the men took an undisclosed amount of cash and left in a blue SUV. Thornton’s gas station robbed on Southwest Side Police reported of another robbery at a convenience store near the 3000 block of North Pulaski Road around 2:00 a.m.Two male offenders fled the establishment in a black SUV with an undisclosed amount of cash.There is currently no one in custody for any of the robberies and police are investigating the incidents. Earlier this week, police reported of multiple armed robberies at 7-Eleven locations all over the city.

Sweetest Friday Forecaster gives weather report with a special surprise!

Published Fri, 21 Feb 2025 18:44:08 GMT

CHICAGO — This Friday's forecaster is third grader Liam Prado who loves dodgeball, wants to be a teacher and has a special talent! Love the WGN Morning News? We love you, too. And you can have all the hijinks delivered to your inbox every weekday morning. Sign up and subscribe to our WGN Morning News newsletter.

Dean's Weekender: 'The Book of Mormon,' 'Proximity' and more

Published Fri, 21 Feb 2025 18:44:08 GMT

CHICAGO — Check out Dean's Weekender for the latest events coming to the Chicagoland area this weekend. Get Dean's reviews and A-List interviews delivered right to your inbox. Sign up for Dean's Downloads weekly newsletter. You'll also get his Dean Cooks recipes too!

Watch: Jet forced to make emergency landing after losing part of wing in air

Published Fri, 21 Feb 2025 18:44:08 GMT

TAMPA, Fla. (WFLA) — A jet was forced to make an emergency landing at Tampa International Airport in Florida after it lost part of its wing in the air. Officials at Tampa International Airport said a Cessna Citation was flying at 27,000 feet near St. Petersburg when the aircraft lost its left winglet (the part which vertically extends near the tip of the wing) as well as part of the wing.Airport officials said the jet had departed from Arkansas. ‘Thrill of a lifetime’: Blue Angels arrive in Lakeland for Sun ‘n Fun WFLA's helicopter was flying by when it managed to capture footage of the jet's landing.The pilot was the only one on board, and landed the aircraft safely. When the jet stopped, emergency services responded to the plane.

New study finds plants 'scream' when stressed or injured, raising questions about communication

Published Fri, 21 Feb 2025 18:44:08 GMT

(The Hill) -- Tomato and tobacco plants make distinctive sounds when cut or dehydrated, a new study has found.Those sounds change depending on the plant emitting them and the type and severity of the threat that prompts them, according to the study in Cell.The findings shatter the common perception of plants as silent, passive background players to the animal life in their environments.Instead, they show those plants could send out signals that animals in their environment can hear and pick up on — and potentially use to change their behavior.Tomatoes left without water begin making noise "on the second day — even while the tomato still looks good,” Lilach Hadany, a Tel Aviv University mathematician who co-authored the study, told The Hill.The sounds, which somewhat resembled the noise of popcorn popping, peaked after five days of water stress, and then began to decline as the plant dried out.  Native Americans used hors...