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US futures fall as bank anxiety hits global markets

Published Wed, 26 Feb 2025 05:44:56 GMT

BEIJING — U.S. futures tumbled Wednesday and bank stocks around the world slumped as anxiety over the health of the global banking system surfaced again with new potential troubles arising at Europe’s Credit Suisse. Futures for the benchmark S&P 500 slid 1.7% and the Dow Jones Industrial Average fell 1.6% before the bell.Large and mid-size banks in Europe and the U.S. sank sharply before U.S markets opened, particularly in Europe. Major European banks fell between 5% and 10%, though Switzerland’s Credit Suisse skidded nearly 25% to all-time lows. That decline comes after media reports that Saudi National Bank representatives said they could not shore up their investments in Credit Suisse, citing regulatory concerns. Confidence in the banking system has eroded in just a matter of days following the failures of Silicon Valley Bank on Friday and Signature Bank on Sunday. Most of the premarket decliners in the S&P 500 early Wednesday were regional banks, with Zion Ba...

Beloved and debated, French bulldog becomes top US dog breed

Published Wed, 26 Feb 2025 05:44:56 GMT

NEW YORK (AP) — For the first time in three decades, the U.S. has a new favorite dog breed, according to the American Kennel Club. Adorable in some eyes, deplorable in others, the sturdy, push-faced, perky-eared, world-weary-looking and distinctively droll French bulldog became the nation’s most prevalent purebred dog last year, the club announced Wednesday. Frenchies ousted Labrador retrievers from the top spot after a record 31 years.Why? “They’re comical, friendly, loving little dogs,” says French Bull Dog Club of America spokesperson Patty Sosa. City-friendly, with modest grooming and exercise needs, she says, “they offer a lot in a small package.” Yet the Frenchie’s dizzying rise — it wasn’t even a top-75 breed a quarter-century ago — worries its fans, to say nothing of its critics. The buzzy little bulldogs have been targeted in thefts, including last month’s fatal shooting of a 76-year-old South Carolina breeder and the 2021 shooting of a California do...

US wholesale inflation fell last month on lower food costs

Published Wed, 26 Feb 2025 05:44:56 GMT

WASHINGTON (AP) — Wholesale price increases in the United States slowed sharply last month as food costs declined, a sign that inflationary pressures may be easing. From January to February, the government’s producer price index fell 0.1%, after a 0.3% rise from December to January, which was revised sharply lower. Compared with a year ago, wholesale prices rose 4.6%, a big drop from the 5.7% annual increase in January. A big driver of the price decline was a huge drop in the wholesale price of eggs, which plummeted 36.1% just in February. Egg prices had surged amid a widespread outbreak of avian flu. The producer price data reflects prices charged by manufacturers, farmers and wholesalers, and it flows into an inflation gauge that the Federal Reserve closely tracks. It can provide an early sign of how fast consumer inflation will rise.The figures follow a report Tuesday on consumer prices that showed that inflation is still rising faster than the Federal Reserve would prefer. Core ...

CMHC says annual rate of housing starts climbed 13 per cent in February

Published Wed, 26 Feb 2025 05:44:56 GMT

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts climbed 13 per cent in February.The national housing agency says the seasonally adjusted annual rate of housing starts for the second month of the year was 243,959 units compared with 216,514 in January.The result came as the annual rate of urban starts bumped up 16 per cent to 222,663 units in February.The annual rate of multi-unit urban starts increased 18 per cent to 173,745 for the month, while the pace of starts for single-detached urban homes rose eight per cent to 48,918 units.The annual pace of rural starts was estimated at 21,296 units.The six-month moving average of the monthly seasonally adjusted annual rate was 255,735 in February, down two per cent from 259,830 units in January.This report by The Canadian Press was first published March 15, 2023.The Canadian Press

What’s known and not about US drone-Russian jet encounter

Published Wed, 26 Feb 2025 05:44:56 GMT

WASHINGTON (AP) — When a Russian fighter jet collided with a large U.S. surveillance drone over the Black Sea on Tuesday, it was a rare but serious incident that triggered a U.S. diplomatic protest and raised concerns about the possibility Russia could recover sensitive technology.U.S. and Russian officials had conflicting accounts of the collision between the MQ-9 Reaper drone and the Russian Su-27 fighter jet — each blaming the other. But a Pentagon spokesman raised the possibility that the Defense Department could eventually declassify and release video it has of the collision.Defense officials said the drone has not been recovered. But the Pentagon declined to say whether any effort was underway to gather debris or pieces of the Reaper.Here’s what’s known — and uncertain — about the crash.WHAT THE US SAYS HAPPENEDThe Pentagon and U.S. European Command said that two Russian Su-27 aircraft dumped fuel on the MQ-9, which was conducting a routine surveillance mission ove...

Assisted dying expansion, preventing vehicle attacks: In The News for March 15

Published Wed, 26 Feb 2025 05:44:56 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 15 …What we are watching in Canada …The senator who pushed for Canada’s assisted dying regime to include people whose only condition is a mental disorder says the debate about that policy is now over. “The issue of expansion has already been decided upon,” said Stan Kutcher, who sits with the Independent Senators Group.As far as Kutcher is concerned, the what was determined two years ago, when his arguments in the Senate convinced the Liberal government to move forward with an expansion of eligibility.It’s just the when that recently came into question. Last week, Parliament hastily passed a Liberal bill that has further delayed the expansion of assisted dying eligibility to people whose sole condition is a mental disorder. In an interview, Kutcher said he supported the delay until Ma...

Erdogan hints Turkey may ratify Finland’s NATO membership

Published Wed, 26 Feb 2025 05:44:56 GMT

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan suggested Wednesday that his country could soon ratify Finland’s application to join NATO, allowing for the possibility of the country joining the military alliance separately from Sweden.Alarmed by Russia’s invasion of Ukraine a year ago, Finland and Sweden abandoned decades of nonalignment and applied to join the alliance. All 30 NATO members have approved their applications, and 28 have ratified their accession. Only Turkey and Hungary have failed to do so.Turkey’s government accuses Sweden of being too soft on groups that it deems to be terror organizations and existential threats, including Kurdish groups. Ankara has said, however, that it has fewer problems with Finland’s membership.Asked by reporters whether Turkey could ratify Finland’s membership following a visit by Finnish President Sauli Niinisto later in the week, Erdogan responded: “God willing, if it is for the best.”“Whatever the process is, the proce...

War, transport weigh on Germany’s efforts to curb emissions

Published Wed, 26 Feb 2025 05:44:56 GMT

BERLIN (AP) — Germany cut its greenhouse gas emissions by almost 2% last year, beating previous estimates but still falling far short of the cuts needed to meet its medium-term climate goals, officials said Wednesday.Data published by the German Environment Agency showed the country released the equivalent of 746 million metric tons of carbon dioxide in 2022, down from 760 million tons the previous year.The figures were better than an independent estimate published in January, largely due to bigger-than-expected cuts in the industrial sector. German factories saw a slump in production due to the war in Ukraine last year, partly due to higher energy costs.But the cut in Russian fossil fuel supplies also prompted the German government to reactivate shuttered coal and oil power plants, pushing up emissions in the energy sector.“The war has thrown a wrench into the works,” the environment agency’s head, Dirk Messner, told reporters in Berlin.He noted that Germany now needs to cut ...

Alert issued after 2 liquor stores broken into, cash stolen on Northwest Side

Published Wed, 26 Feb 2025 05:44:56 GMT

CHICAGO — Police have issued a community alert on the Northwest Side following two burglaries of liquor stores early Monday.At around 2:48 a.m., a liquor store in the 2900 block of North Central Avenue was broken into after two suspects used bold cutters and a crow bar to smash the windows, police said.Bottles and cases of alcohol were stolen along with cash from register drawers.The same thing happened at around 3:44 a.m. in the 3900 block of West Diversey, CPD said. Police: 5 people robbed in 10 minutes near University of Chicago campus The suspects are described by police as two African Americans wearing black ski masks, dark clothing , hoodies, dark blue jeans, and gloves with a skeleton design on them.Anyone with information can contact police at 312-746-7394.

Dean's Home Video: 'Ted Lasso' Season 3

Published Wed, 26 Feb 2025 05:44:56 GMT

CHICAGO - The story of an American football coach who takes on the challenge of leading an English soccer team has been one of the more popular shows on television the last few years.Now "Ted Lasso" is heading into its third season, which may be the last, with its debut on Wednesday on Apple TV with Jason Sudeikis once again in the lead role for the show. Dean Richards led off this week's "Dean's Home Video" with a preview of the upcoming season of the soccer comedy while also featuring a number streaming shows and movies set to be released this week.That includes season 2 of "Shadow and Bone," "Class of '07," "Boston Strangler," "Queen's Court," "Bono and the Edge," and more.See this week's "Dean's Home Video" from March 15's WGN Morning News in the vide above.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!