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Stock market today: Wall Street falls with markets worldwide after weak economic data from China

Published Tue, 25 Feb 2025 12:23:23 GMT

NEW YORK (AP) — Stocks worldwide are falling as China’s faltering recovery raises worries for the rest of the global economy. The S&P 500 was 0.4% lower at the open of Tuesday’s trading after data showed a deepening slump for the world’s second-largest economy. The Dow was down 133 points, and the Nasdaq was 0.3% lower. A separate report on the U.S. economy was more encouraging, showing sales at retailers accelerated by more last month than expected. That raises hopes the U.S. economy can avoid a recession, but it also raises the threat that the Federal Reserve will keep interest rates high for longer to snuff out inflation.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Wall Street is sliding before Tuesday’s opening bell following yet more troublesome economic signals from China.Futures for the benchmark S&P 500 index and for the Dow Jones Industrial Average were each down 0.6% before the bell Tuesday.China’s economic slump deepened in July and...

July home sales little changed from June, see largest annual rise in two years: CREA

Published Tue, 25 Feb 2025 12:23:23 GMT

OTTAWA — The Canadian Real Estate Association says July’s home sales were little changed from June but saw the largest year-over-year increase in more than two years.The association says seasonally-adjusted sales amounted to 40,028, a 0.7 per cent drop from June.On a non-seasonally adjusted basis, sales edged up 8.7 per cent from the prior July to 41,186.The average home price was $668,754, up 6.3 per cent from a year earlier.On a seasonally-adjusted basis, the average was $690,867, a two per cent slide from June.New listings ticked down 0.2 per cent from last year to 73,215 and rose 5.6 per cent on a seasonally-adjusted basis to 67,636.This report by The Canadian Press was first published Aug. 15, 2023.The Canadian Press

Opera Philadelphia head to retire, and postpone 2023-24 production to save money

Published Tue, 25 Feb 2025 12:23:23 GMT

NEW YORK (AP) — David Devan will retire next spring as head of Opera Philadelphia following 13 years as general director and has postponed one of this season’s productions to balance the company’s budget.In addition, music director Corrado Rovaris was given a three-year contract extension through 2026-27.Opera Philadelphia made the announcements Tuesday ahead of its 2023-24 opening night on Sept. 21, the pandemic-delayed world premiere of Rene Orth’s “10 Days in a Madhouse.”Devan, who turned 60 in January, has been with the company since 2006 and headed it since 2011. His contract expires May 31 and he felt “the need to allow new leadership to come up with the answers.”“A bunch of 60-, 70-year-olds figuring out the future is probably not the most robust way of doing it as a leader,” he said in a telephone interview.“The Anonymous Lover,” a 1780 work by Joseph Bologne who is believed to be the first Black classical composer, was postponed to 2024-25, resulting in $750,000 in sa...

Russia’s ruble has tumbled. What does it mean for the wartime economy?

Published Tue, 25 Feb 2025 12:23:23 GMT

Russia’s ruble has fallen a long way in recent months, and the country’s central bank has stepped in to try to halt the slide. Until now, the government stood aside as the declining ruble helped its budget. But a weaker currency also poses the threat of higher prices for everyday people in Russia — and the government has finally moved to halt the drop.Here are key things to know about the ruble:WHY IS THE RUBLE FALLING?Economic fundamentals play a role, though they aren’t the whole story. Russia is selling less abroad — mainly reflected in falling revenue from oil and natural gas — and it’s importing more. When goods are imported to Russia, people or companies have to sell rubles for foreign currency such as dollars or euros. That tends to lower the ruble’s exchange rate. Russia’s trade surplus — meaning it sells more goods to other countries than what it buys — has shrunk. Trade surpluses typically support a country’s currency. Previously, Russia...

Man charged with murder after 50-year-old stabbed to death in Glenview

Published Tue, 25 Feb 2025 12:23:23 GMT

GLENVIEW, Ill. — A 20-year-old man has been charged with murder after he allegedly stabbed another man to death in what police described as a domestic-related incident in Glenview.On Monday just after 6:30 a.m., Glenview police responded to a home in the 1100 block of Arbor Lane on the report of a stabbing.Authorities discovered a 50-year-old man, later identified as Perron Thurston, who was stabbed. He was pronounced dead at Lutheran General. Search underway in Winnetka for missing swimmer in Lake Michigan Isaac Thurston, 20, of the same address, was arrested and charged with first-degree murder.Police have not said the exact relationship between the two.

Wendy's adding new breakfast item to menu

Published Tue, 25 Feb 2025 12:23:23 GMT

(WXIN) - Fans of Wendy’s breakfast will soon have some new options for the morning.The fast-food chain will launch a pair of English muffin breakfast sandwiches next week.The new offerings include a “one-of-a-kind savory buttery spread.” They’re topped with a fresh-cracked egg, melted cheese and your choice of Applewood smoked bacon or a grilled sausage patty.(Photo via The Wendy's Company)The new English muffins hit restaurants nationwide starting Aug. 22 during breakfast hours. Wendy’s said it tested 60 variations of the breakfast sandwich before landing on the right combination. Wendy’s launches Frosty-inspired cold brew coffee To celebrate the new menu additions, Wendy’s is offering $2 off any breakfast combo in its app from Aug. 22 through Sept. 3. You’ll find it in the “Offers” section in the Rewards Store on the app or website.

Looking for Pumpkin Spice? Find it now at this coffee chain

Published Tue, 25 Feb 2025 12:23:23 GMT

(WJW) – The first day of fall isn't until Sept. 23, but already, pumpkin spice lovers are on the hunt for their favorite coffee flavor pick-me-up.Starbucks and Dunkin' are perhaps the most popular chain coffee places to promote the beloved flavor each year. But, according to online menus at both Starbucks and Dunkin', Pumpkin Spice season isn't here yet.There is, though, one growing coffee chain that is already in the spirit. What is bed rotting? Pumpkin Spice fans can currently get their fix at the Human Bean. According to the company's website, the chain's "Festival of Spice" has arrived with featured drinks such as Fireside Chai, Pumpkin Snowy, and Cinnamon Toast Snow.If you're eager to get your hands on one, Human Bean has around 150 locations across the country. Do I drink too much coffee? As for Starbucks and Dunkin', there has been no official word yet on when their seasonal flavors will launch. Dunkin' has teased on social media that "the wait for pumpkin season is shor...

David Dastmalchian discusses busy summer, love for Chicago on 'Dean's A-List Interview'

Published Tue, 25 Feb 2025 12:23:23 GMT

CHICAGO — He wasn't born in the city, but Chicago has become a special place to one of the actors who is in the middle of a busy summer of films.David Dastmalchian, who grew up in Allentown, Pennsylvania but went to college at DePaul University, talked about what Chicago means to him in this edition of "Dean's A-List Interview" as he stars in "The Last Voyage of the Demeter," which was released last Friday. This comes after he was also in the hit movie "Oppenheimer" from Christopher Nolan, which was released in July. Speaking to him before the SAG/Aftra actor's strike, Dean spoke to Dastmalchian about his acting start in Chicago, which included time at the Shattered Glass Theatre along with his first acting role in 2008's "The Dark Knight," which was filmed in the city.You can see more of Dean's interview with David from the August 15 WGN Morning News in the video above or below.Get Dean's reviews and A-List interviews delivered right to your inbox. Sign up for Dean's Downloads week...

1 dead, 1 injured after falling from NY apartment building during fire: officials

Published Tue, 25 Feb 2025 12:23:23 GMT

BROWNSVILLE, Brooklyn (WPIX) – One person died and another was seriously injured after falling from the top floor of a New York apartment building while trying to escape a fire Monday afternoon, fire officials said.The fire happened at a six-story apartment building in the Brownsville neighborhood of Brooklyn around 2 p.m., according to the New York City Fire Department.FDNY Deputy Chief Jim Carney said there was heavy smoke and fire coming from the top floor of the apartment building when firefighters arrived. Panhandler stabbed man, 76, near Manhattan subway station: NYPD Witnesses told Nexstar's WPIX that they watched two men dangle from the top floor in an attempt to escape the fire before falling to the ground below."The guy was yelling, 'It's fire here, it's fire here.' When I saw the corner of the building, he was hanging out," said witness Mario Pineda.Cell phone video shows one of the men trying to keep his grip on the window sill before falling and landing on the grass. ...

Austin moving to Stage 2 drought restrictions Tuesday; Watering times shortened by 3 hours

Published Tue, 25 Feb 2025 12:23:23 GMT

AUSTIN (KXAN) — The City of Austin said it would move to Stage 2 of its Drought Contingency Plan Tuesday, as water levels on Lake Travis and Lake Buchanan continue to drop.A press release from the city last week said the combined storage level in the lakes was projected to drop below 900,000 acre-feet within a few days. LCRA enters Stage 2 drought response; asks water cutback of 10-20% Interim City Manager Jesus Garza ordered the move to Stage 2 effective Tuesday, Aug. 15."For many years, Austin has leaned into water conservation in normal weather as well as drought," said Shay Ralls Roalson, director of Austin Water. "As our current drought continues, we know that the entire Austin community will respond to the need to conserve our most precious resource. We’re all in this together, and there is no substitute for water." LIST: What are the current water restrictions in your city? Here are the changes to watering restrictions under Stage 2:Automatic irrigation and hose-end water...