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Wall Street opens higher as regional banks bounce back

Published Fri, 07 Feb 2025 11:03:08 GMT

NEW YORK (AP) — Stocks are rallying in early trading on Wall Street on hopes for more help for banks from the U.S. government. Even the banks most beaten down by the industry’s crisis, like First Republic, were higher. The S&P 500 rose 1% early Tuesday. The Dow Jones Industrial Average and the Nasdaq composite were also higher. Markets around the world have pinballed this month on worries the banking system may be cracking under the pressure of the fastest set of hikes to interest rates in decades. If the S&P 500 squeezes out a gain, it would mark its first back-to-back rise in two weeks.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Wall Street is poised to open higher Tuesday ahead of a decision by the Federal Reserve this week on whether to raise interest rates again despite heightened anxiety over the stability of the global banking system.Futures for the Dow Jones Industrial Average and futures for the S&P 500 each rose 0.8%.Wall Street’s ben...

Hearings begin before Supreme Court on federal environmental impact assessment law

Published Fri, 07 Feb 2025 11:03:08 GMT

OTTAWA — Arguments are underway before the Supreme Court of Canada in a long-awaited case over the federal Impact Assessment Act.The court is expected to hear from legal experts and environmental groups that support the law.Nine of 10 provinces, led by Alberta, argue that the law intrudes on provincial jurisdiction.Alberta is particularly concerned about the effect the law might have on its ability to export its oil through pipelines.Last May, the Alberta Appeal Court ruled the law was outside federal jurisdiction.This week’s hearings are an appeal of that decision.This report by The Canadian Press was first published March 21, 2023.The Canadian Press

Drought in Spain’s northeast empties reservoirs

Published Fri, 07 Feb 2025 11:03:08 GMT

VILANOVA DE SAU, Spain (AP) — The medieval church of Sant Romà disappeared from view in the 1960s, when the town of Vilanova de Sau, an hour north of Barcelona, was flooded to create a reservoir.In the past three decades, its spectral belltower has broken the surface several times, serving as a punctual reminder of Spain’s fragile water resources.But today the church’s tower, its nave and the building’s foundations are all exposed. The bare, steep ridges of the Sau reservoir show how far its levels have receded, and the cracked earth around the remaining pool of water is trodden by tourists attracted by the ghost village’s reappearance.Drought in Spain’s northeast reached “exceptional” levels last month, menacing access to drinking water for 6 million people in the Barcelona metropolitan area.The Sau reservoir’s water levels now stand at 9% of total capacity, according to Catalan Water Agency data, so officials have taken the decision to remove its fish to stop them from asphyxiatin...

US speeds up Abrams tank delivery to Ukraine war zone

Published Fri, 07 Feb 2025 11:03:08 GMT

WASHINGTON (AP) — The Pentagon is speeding up its delivery of Abrams tanks to Ukraine, opting to send a refurbished older model that can be ready faster, with the aim of getting the 70-ton battle powerhouses to the war zone in eight to 10 months, U.S. officials told The Associated Press.The original plan was to send Ukraine 31 of the newer M1A2 Abrams, which could have taken a year or two to build and ship. But officials said the decision was made to send the older M1A1 version, which can be taken from Army stocks and will be easier for Ukrainian forces to learn to use and maintain as they fight Russia’s invasion.The officials spoke on Tuesday on the condition of anonymity because the plan has not yet been publicly announced. Pentagon officials are expected to make the announcement soon.The Biden administration announced in January that it would send the tanks to Ukraine — after insisting for months that they were too complicated and too hard to maintain and repair. The decisi...

Vote to force top aide to testify on foreign interference not a confidence matter: PM

Published Fri, 07 Feb 2025 11:03:08 GMT

OTTAWA — Prime Minister Justin Trudeau says a motion to compel his chief of staff to testify about foreign interference at a parliamentary committee will not be considered a matter of confidence in the Liberal minority government.There will be a vote later today on a Conservative motion to get Katie Telford to appear before the House of Commons ethics committee by mid-April.The Liberals have filibustered another committee for weeks to prevent a similar motion from passing there, so the Conservatives brought a new motion before the entire House of Commons on Monday.Trudeau says the Conservatives are turning the debate into a “political circus” and the government will not add to that by making the motion a confidence vote, which could have opened the door to an election.Trudeau says he is happy to highlight what he argues is his government’s more serious approach, which includes appointing former governor general David Johnston as a special rapporteur to look into th...

Japan’s PM offers Ukraine support as China’s Xi backs Russia

Published Fri, 07 Feb 2025 11:03:08 GMT

KYIV, Ukraine (AP) — Japanese Prime Minister Fumio Kishida made a surprise visit Tuesday to Kyiv, stealing some of the global attention from Asian rival President Xi Jinping of China, who is in Moscow to show support for Russia against the West over the Kremlin’s invasion of Ukraine.The two visits, about 800 kilometers (500 miles) apart, highlighted the nearly 13-month-old war’s repercussions for international diplomacy as countries line up behind behind Moscow or Kyiv. They follow a week in which China and Japan both enjoyed diplomatic successes that have emboldened their foreign policy.Kishida, who is to chair the Group of Seven summit in May, will meet President Volodymyr Zelenskyy in the Ukrainian capital, coinciding with Xi’s talks with President Vladimir Putin.Kishida will “show respect to the courage and patience of the Ukrainian people who are standing up to defend their homeland under President Zelenskyy’s leadership, and show solidarity and unwavering support for Ukr...

German prosecutors examined late pope in abuse probe

Published Fri, 07 Feb 2025 11:03:08 GMT

BERLIN (AP) — German prosecutors looking into historical cases of sexual abuse by clergy in the Munich archdiocese said Tuesday that they initially investigated the late Pope Benedict XVI on suspicion of being an accessory to abuse, but later dropped the probe.Munich prosecutors examined 45 cases of possible wrongdoing by church officials that arose from a report into how the archdiocese handled abuse cases between 1945 and 2019. The then-Cardinal Joseph Ratzinger was archbishop there from 1977-1982, and the report by a law firm commissioned by the archdiocese and released in January 2022 faulted his handling of four cases during that time. Benedict, who died in December nearly 10 years after his retirement as pope, asked forgiveness for any “grievous faults” in his handling of abuse cases, but denied any personal or specific wrongdoing.Prosecutors said that that “three (at the time) living church personnel managers” were listed as suspects for a time during their investigation, Ger...

Recovering teacher shot by 6-year-old: ‘It’s changed me’

Published Fri, 07 Feb 2025 11:03:08 GMT

RICHMOND, Va. (AP) — A Virginia teacher who was shot and wounded by her 6-year-old student said it has changed her life and she has vivid memories and nightmares about that day.“I just will never forget the look on his face that he gave me while he pointed the gun directly at me,” first-grade teacher Abby Zwerner said during an exclusive interview with NBC’s Savannah Guthrie about the student. “It’s changed me. It’s changed my life.” She said she’s still in shock and can’t make sense of it, in a portion of the interview that was aired Tuesday morning on “Today.”“I’m not sure when the shock will ever go away because of just how surreal it was and the vivid memories I have of that day. I think about it daily. Sometimes I have nightmares,” she said.Speaking publicly for the first time since the Jan. 6 shooting, Zwerner said in a portion of the interview that was aired Monday on “NBC Nightly News” that she’s had a challenging recovery incl...

Michigan man accused of attempting to kill woman at Des Plaines motel

Published Fri, 07 Feb 2025 11:03:08 GMT

DES PLAINES, Ill. — A man was arrested Saturday after allegedly beating and attempting to kill a woman inside a motel room.Just before 3:15 a.m., Des Plaines police responded to a Best Western, located in the 1200 block of Lee Street, on the report of a domestic battery.Officers were directed to a room after several complaints of a possible disturbance. Outside of the room, officers heard a man, later identified as Kyle Brown, 37, of Southfield, Michigan. A 38-year-old woman, also of Michigan, then opened the door and ran out screaming "save me, save me," police said.Brown was then observed laying on the floor with his hands up in the air. He was taken into custody for further questioning.Police believe Brown was dating the woman and he allegedly struck her in the face while driving earlier in the night. The woman then told the hotel clerk that she got into an argument and to contact police if Brown returned. Man shot, killed during Rogers Park home invasion Police said Brown even...

Tom gets his second chance at the ‘Grand Prize Game’

Published Fri, 07 Feb 2025 11:03:08 GMT

CHICAGO – There are thousands of people from Chicagoland who had the honor of seeing one of the greatest children’s television programs in American history live from the WGN studios.There are only a select few, however, who were able to participate in the signature contest on the “Bozo Circus” or “The Bozo Show through the years: The Grand Prize Game.A number of people throughout the years had stories of how close they came to joining Bozo the Clown to throw the ball into the six buckets to win a host of prizes. For some kids, it was a painful near miss that they still talk about to this day.As part of WGN’s 75th anniversary celebration, we’re offering a few of these people the chance to live their dreams as adults and play The Grand Prize Game on WGN Morning News.This week we had Tom Malatia come to the studios to get his shot to play the game again.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 ...