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Stock market today: US futures follow global markets lower ahead of raft of jobs data this week

Published Sat, 08 Feb 2025 10:18:27 GMT

Wall Street followed global stocks lower Monday ahead of a slew of economic data on the labor market this week. Futures slipped, with the Dow Jones Industrial Average falling 0.3% before the bell while the S&P 500 gave up 0.4%.Wall Street ended Friday with its fifth straight weekly gain as a growing number of signs suggest that the U.S. Federal Reserve may be done raising interest rates to curtail rising costs. Inflation has slowed measurably since last year following a series of rate hikes. The hikes are intended to cool the economy and slow hiring, and there is growing evidence that the Fed has had some success. A report Thursday from the Commerce Department showed that prices were unchanged from September to October, down from a 0.4% rise the previous month. Compared with a year ago, consumer prices rose 3% in October, below the 3.4% annual rate in September. That was the lowest year-over-year inflation rate in more than 2 1/2 years.While the labor markets remain strong, the ...

Guinea-Bissau’s president has dissolved the West African nation’s parliament after last week’s failed coup

Published Sat, 08 Feb 2025 10:18:27 GMT

BISSAU, Guinea-Bissau (AP) — Guinea-Bissau’s president has dissolved the West African nation’s parliament after last week’s failed coup.Source

Global warming could cost poor countries trillions. They’ve urged the COP28 climate summit to help

Published Sat, 08 Feb 2025 10:18:27 GMT

DUBAI, United Arab Emirates (AP) — A prominent developing-world leader on the issue of climate change said Monday that global taxes on the financial services, oil and gas, and shipping industries could drum up hundreds of billions of dollars for poorer countries to adapt and cope with global warming.Barbados Prime Minister Mia Mottley focused on how poorer countries, with help from richer countries and international finance, could shoulder the astronomical costs to adapt to climate change, reduce its future impact, and pay for losses and damage caused as climate trouble like floods, forest fires and heat waves rip through communities.The U.N. climate summit known as COP28, which is being presided over by the head of the United Arab Emirates’ biggest oil company, put its attention Monday on how developing countries could possibly pay trillions of dollars that experts say they will need to cope with global warming.“This has probably been the most progress we’ve seen in the last ...

US is running out of money for Ukraine and that could hinder fight against Russia, White House warns

Published Sat, 08 Feb 2025 10:18:27 GMT

WASHINGTON (AP) — The Biden administration on Monday sent Congress an urgent warning about the need to approve tens of billions of dollars in military and economic assistance to Ukraine, saying Kyiv’s war effort to defend itself from Russia’s invasion may grind to a halt without it.In a letter to House and Senate leaders and released publicly, Office of Management and Budget Director Shalanda Young warned the U.S. will run out of funding to send weapons and assistance to Ukraine by the end of the year, saying that would “kneecap” Ukraine on the battlefield. She added that the U.S. already has run out of money that it has used to prop up Ukraine’s economy, and “if Ukraine’s economy collapses, they will not be able to keep fighting, full stop.”“We are out of money — and nearly out of time,” she wrote.Biden has sought a nearly $106 billion aid package for Ukraine, Israel and other needs, but it has faced a difficult reception on Capitol Hill, where there is growing sk...

Shelter-in-place issued for Aurora neighborhood over suspicious activity

Published Sat, 08 Feb 2025 10:18:27 GMT

DENVER (KDVR) — A shelter-in-place has been issued for an Aurora neighborhood while police investigate a report of suspicious activity.The Aurora Police Department tweeted about the shelter-in-place at 7:30 a.m. Monday. Police investigating shooting, assault in Aurora There is a large police presence near South Aurora Parkway and East Euclid Avenue. The area is in the Tallyn's Reach neighborhood near Southlands Mall. All police have said at this time is that there was a report of suspicious activity. All residents west of that intersection have been ordered to shelter inside their homes and stay away from doors and windows.At 7:50 a.m., Aurora police said one person was safely taken into custody, but the shelter-in-place remains active. East Euclid Avenue is closed between South Catawbe Circle and South Calhoun Place. This is a developing story and more information will be posted as it is released.

This Colorado spot got the most snow this weekend

Published Sat, 08 Feb 2025 10:18:27 GMT

DENVER (KDVR) — While Denver only saw a few flakes this weekend, the high country ended up with some serious powder. Snow started falling in the high county on Friday, with many ski areas receiving snow throughout the weekend. This opened up some new trails but also led to road closures.On Sunday, the National Weather Service warned of low visibility and blizzards, which was followed by multiple road closures, especially for people going in and out of the mountains. Colorado snow totals for Dec. 2-3 Rabbit Ears Pass had the most snow with 40.5 inches. The pass more than doubled every other area with snow accumulation, other than Spicer Peak which hit 28.5 inches this weekend.Here are the 10 Colorado spots that received the most snow this weekend:Rabbit Ears Pass: 40.5 inchesSpicer Peak: 28.5 inchesBerthoud Pass: 19.5 inchesWinter Park: 18 inchesCopper Mountain: 18 inchesEldora: 17 inchesBreckenridge: 17 inchesLongs Peak: 16.5 inchesLoveland Pass: 16.5 inchesSan Juan Skyway: 15 inc...

Nova Southeastern University Sharks aim for back-to-back titles amidst undefeated streak

Published Sat, 08 Feb 2025 10:18:27 GMT

While March Madness fans revel in the journeys of the Miami Hurricanes and Florida Atlantic University, there’s another South Florida basketball powerhouse quietly amassing victories. Enter the Nova Southeastern University Sharks, a force to be reckoned with, eyeing a second consecutive national championship.Nicknamed the “Shark Tank,” Nova Southeastern University boasts an impressive home-court record, undefeated since February 15, 2020 — clinching an extraordinary 47 consecutive wins.“When opposing teams come here, the sharks are circling,” remarked Sharks guard Mike Moore. Describing their home games as “black-outs,” Moore highlighted the team’s relentless approach, causing opponents to falter under the intense pressure.Under the guidance of head coach Jim Crutchfield, now in his sixth season at NSU, the Sharks have achieved a remarkable 42-game winning streak overall. Last year, they secured an undefeated season, claiming the NCAA ...

More EU countries threaten to close Russian borders amid migrant surge

Published Sat, 08 Feb 2025 10:18:27 GMT

A growing number of asylum seekers arriving on the EU’s eastern frontier is forcing Baltic countries to consider border closures with Russia, due to fears the Kremlin is weaponizing desperate people to create a migration crisis on the Continent.Latvia, Lithuania and Estonia are increasingly concerned after Finland last week shut all of its crossings with Russia for two weeks after undocumented migrants from crisis-hit countries in the Horn of Africa and Asia entered the Nordic nation. The Latvian Ministry of Internal Affairs told POLITICO that Riga “does not currently plan to close the border with Russia and Belarus completely” but revealed officials are “carefully monitoring the further development of the situation with illegal immigration flows. If the situation changes radically and threatens the security of the country, it is not excluded that Latvia can also close its eastern border completely.”Estonia has previously said it is braced for a potenti...

John Kerry shrugs off COP28 chief’s controversial fossil fuel remarks

Published Sat, 08 Feb 2025 10:18:27 GMT

DUBAI, United Arab Emirates — COP28 President Sultan al-Jaber’s controversial remarks that “no science” shows a fossil fuel phaseout is needed to hit climate goals may require “clarification,” U.S. climate envoy John Kerry told POLITICO. Kerry’s remarks — his first reaction since the Guardian published al-Jaber’s comments on Sunday — show the U.S. diplomat is not withdrawing his long-standing support for the COP28 chief, despite ongoing concerns about al-Jaber’s other role as CEO of ADNOC, the UAE’s state-owned mega oil firm.“Look, he’s gotta decide how he wants to phrase it, but the bottom line is this COP needs to be committed to phasing out all unabated fossil fuel,” Kerry told POLITICO’s Power Play podcast with Anne McElvoy. Speaking during an online event in November, al-Jaber said there was no scientific basis to conclude that a fossil fuel phaseout is needed to restrict global heating to 1.5 degrees Celsius — the most ambitious target of the Paris Agreeme...

Dedham Police investigating assault on Total Wine employee Sunday night

Published Sat, 08 Feb 2025 10:18:27 GMT

Authorities are investigating an attack that took place Sunday night at Total Wine on Route 1 in Dedham.According to Dedham Police, a male employee of Total Wine was assaulted by a group of individuals and threatned with a knife in the business’ parking lot while he was leaving work around 8 p.m.Police said one of the individuals in the group was denied purchase at the liquor store on Saturday.The victim’s cellphone was taken after it fell out of his pocket. He was evaluated on scene but denied further medical treatment.This investigation is ongoing and no arrests have been made.