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Stock market today: Wall Street is mixed as DC moves to avoid default

Published Sat, 22 Feb 2025 20:21:26 GMT

NEW YORK (AP) — Wall Street is drifting in mixed trading Tuesday after Washington reached a tentative deal to avoid a potentially disastrous default on its debt.The S&P 500 was up 0.2% in morning trading, remaining near its highest level in nine months. The Dow Jones Industrial Average was down 82 points, or 0.2%, at 33,010, as of 10:30 a.m. Eastern time, while excitement about artificial intelligence helped the Nasdaq composite lead the market with a 0.5% gain.President Joe Biden and House Speaker Kevin McCarthy struck a deal over the weekend to allow the U.S. government to borrow more money, which would let it avoid a default on its debt. They now must convince Congress to approve it before the U.S. government runs out of cash to pay its bills, which could happen as soon as Monday.Some on Capitol Hill are unhappy about the deal’s details, and Biden and McCarthy are both working to gather votes. The House could vote on the matter Wednesday.The wide expectation on Wall Street ha...

Federal panel overrules another judge to pave the way for acceptance of Purdue Pharma’s settlement of US opioid lawsuits

Published Sat, 22 Feb 2025 20:21:26 GMT

NEW YORK (AP) — Federal panel overrules another judge to pave the way for acceptance of Purdue Pharma’s settlement of US opioid lawsuits.Source

Sevilla, Roma’s Mourinho put perfect European records on line in Europa League final

Published Sat, 22 Feb 2025 20:21:26 GMT

BUDAPEST, Hungary (AP) — A remarkable perfect record in European soccer must fall Wednesday when Sevilla faces José Mourinho’s Roma in the Europa League final.Sevilla has played six and won six finals of the Europa League, or the UEFA Cup as it was called when winning the first of those titles in 2006.Mourinho has a 5-0 career mark in finals of the three major European club competitions, dating back to the UEFA Cup triumph in 2003 with Porto.Mourinho actually has more European title wins than Sevilla coach José Luis Mendilibar has total games managed in those same competitions. The 62-year-old Mendilibar’s career is peaking since joining then-struggling Sevilla just two months ago.Only one record can survive their meeting at the Puskás Aréna in Budapest where the Europa League trophy is just the start of the rewards for the winning club.Neither Roma nor Sevilla can finish in the top four of their domestic leagues that would have ensured qualifying for the Champions League.Thei...

DC has fewer big conventions on the books, but that’s not a concern

Published Sat, 22 Feb 2025 20:21:26 GMT

Walter E. Washington Convention Center. (Courtesy Events DC)Business travel in the D.C. region and nationwide has made a comeback. It is still shy of pre-pandemic levels, but a recent survey by the American Hotel and Lodging Association shows it is getting closer.Of business travelers AHLA surveyed, 49% said the average length of business trips is now the same as before the pandemic, and 22% said it is more than before.When asked about travel budgets, 47% said the amount of spending their employer will cover for trips is the same as before the pandemic, while another 25% say it is more than before.AHLA’s online survey was open from April 28 to May 3 and it received responses from more than 4,100 participants.Business travel can include anything from one employee, to a team, to large conventions and conferences that draw employees from many companies and from all across the country.For the latter, this is shaping up to be a slower year for D.C.While the District expects strong ...

Police search for hit-and-run suspect in Broomfield neighborhood

Published Sat, 22 Feb 2025 20:21:26 GMT

BROOMFIELD, Colo. (KDVR) — Police are searching for a suspect who was allegedly involved in a car crash in the Willow Run neighborhood near Broomfield. Broomfield Police are warning residents in the Willow Run neighborhood, which is just east of Willow Park, about police activity in the area. BPD said a man was allegedly involved in a car crash with another vehicle at Zuni and 128th and then ran from the scene. Police are now looking for that suspect. He is described as White or Hispanic man In his 20s Has black curly hairWearing tan pants and white tank topIf you see anyone matching this description, you are urged to call 911 immediately. Everyone else is asked to avoid the area while police search.

Blind barbecue competitor hopes to inspire others

Published Sat, 22 Feb 2025 20:21:26 GMT

DOUGLAS COUNTY, Colo. (KDVR) — According to a survey by the Vacationer, almost 60% of American adults said the activity they are most likely to take part in for Memorial Day weekend is BBQ or grilling. The weekend is also about remembering those who served our country, so why not have one event that does both? The Veterans of Foreign Wars CO BBQ Competition took over the Douglas County Fairgrounds.There were almost 40 competitors representing eight different states, including Wyoming, Texas Missouri, and all corners of Colorado. With an entry fee of $250, groups could fire up the smoker and assemble their pit crew in order to win the $10,000 cash prize. It’s a heated competition where the best of the best pit masters have a flavor face-off.“There's a lot that goes into the preparation. The preparation is huge,” said Mike Case with Holy Smokes BBQ.“It's a tenderness game,” said Brad Leighninger, a competitor. Memorial Day: A time to remember Putting their unique recipe and strate...

Hit-and-run crash leaves 1 man dead on I-595 near Fort Lauderdale

Published Sat, 22 Feb 2025 20:21:26 GMT

A hit-and-run collision on Interstate 595 left one man dead on the scene and led to an hours-long road closure on the highway.On Tuesday, around 5 a.m., Florida Highway Patrol officers were on the scene as a body lay on the westbound lanes of I-595 near Fort Lauderdale. Authorities also found an orange and black 2016 JBLC 8 series scooter on its side on the left shoulder of the interstate.According to officials, the driver of the scooter was on the westbound lanes of I-595 in the middle lane when a vehicle rear-ended him. The male driver was separated from his scooter and ended up on the highway where he was struck by several cars.Multiple cars pulled over and called 911, police said, after the initial impact.The driver who hit the scooter driver fled the scene and remains at large. Police do not have a description of the person at this time.As a result of the crash, the westbound lanes of the interstate were closed for nearly six hours but around 11 a.m., traffic reopened to the pu...

Russia’s Wagner Group uses Twitter and Facebook to hunt new recruits

Published Sat, 22 Feb 2025 20:21:26 GMT

Russia’s paramilitary Wagner Group has been using Twitter and Facebook to recruit medics, drone operators and even psychologists to aid fighting operations, including in Ukraine, according to exclusive research seen by POLITICO. Job ads for Wagner, which has mercenaries operating in several countries, have reached nearly 120,000 views on the two social media platforms over the last ten months, according to Logically, a U.K. disinformation-focused research group. Sixty posts in dozens of languages – including French, Vietnamese and Spanish – shared information about fighting, IT, driving and medical positions apparently available with Wagner. They also included contact phone numbers, Telegram accounts and touted monthly salaries of 240,000 rubles (€‎2,800) with benefits including health care. While the researchers couldn’t directly attribute the messages to Wagner with total certainty, the posts carry the footprint of the militia and its supporters. “We onl...

MIAA state boys volleyball pairings

Published Sat, 22 Feb 2025 20:21:26 GMT

DIVISION 1SEEDS: 1. Needham (22-0); 2. Lowell (19-1) 3. Natick (14-3); 4. Saint John’s (15-4); 5. St. John’s Prep (11-6); 6. Acton-Boxboro (16-1); 7. Newton North (14-6); 8. Cambridge Rindge & Latin (13-6); 9. Lexington (13-5); 10. Winchester (15-5); 11. Brookline (12-6); 12. Haverhill (14-5); 13. North Andover (15-5); 14 Boston College High (12-6); 15. Andover (12-8); 16. Methuen (12-8); 17. Chelmsford (12-8); 18. Lincoln-Sudbury (9-9); 19. New Bedford (13-7); 20. North Middlesex (14-3); 21. Taunton (11-9); 22. Revere (16-4); 23. Durfee (10-10); 24. Arlington (13-7); 25. Springfield Central (11-8); 26. Braintree (8-12); 27. Newton South (5-13); 28. Malden (14-6); 29. Xaverian (7-10); 30. Doherty (16-4); 31. Algonquin (6-12); 32. Quincy (9-11); 33. South Lancaster (13-6); 34. Medford (12-8); 35. Chelsea (10-9)PRELIMINARY ROUND – TBAGAME 1 – South Lancaster at QuincyGAME 2 – Medford at AlgonquinGAME 3 – Chelsea at DohertyFIRST ROUND – TBAGAME 4 – Game 1 winner at Need...

Key test ahead on federal debt deal that could prevent a disastrous default

Published Sat, 22 Feb 2025 20:21:26 GMT

By LISA MASCARO and AAMER MADHANI (Associated Press)WASHINGTON (AP) — President Joe Biden says he feels good about the debt ceiling and budget deal negotiated with House Speaker Kevin McCarthy as the White House and congressional leaders work to ensure its passage this week in time to lift the nation’s borrowing limit and prevent a potentially disastrous U.S. default.Signaling the tough days still ahead, McCarthy urged skeptical colleagues to “look at where the victories are.”The Republican speaker said Tuesday he will be sitting down and talking with lawmakers as they return to Washington from the long Memorial Day weekend.“This is just the first step,” McCarthy said of his agreement with Biden.In an appearance on “Fox & Friends,” he sought to shore up support amid rising opposition from conservatives in his party. Unhelpfully for Biden, he said of the Democrats, “There’s nothing in the bill for them.”A key test...