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Stock market today: Asian stocks mixed after US inflation cools

Published Wed, 05 Mar 2025 04:14:52 GMT

BEIJING (AP) — Asian stock markets were mixed Wednesday after a cooler reading on U.S. inflation buoyed hopes the Federal Reserve will postpone a possible interest rate hike.Shanghai, Tokyo and Sydney rose while Hong Kong and Seoul declined.Wall Street’s benchmark S&P 500 index gained 0.7% to a 14-month high after government data Tuesday showed U.S. consumer inflation eased to 4% over a year earlier in May from the previous month’s 4.9%. It was less than half last June’s peak of 9.1% but still double the Fed’s 2% target.That reinforced hopes the Fed will avoid announcing another rate hike when its monthly meeting ends Wednesday. Two Fed board members have said the U.S. central bank should put off another hike while it studies the impact of previous increases.“The Fed will see this as a window of opportunity to pause,” Clifford Bennett of ACY Securities said in a report.The Shanghai Composite Index rose 0.2% to 3,241.57 and the Nikkei 225 in Tokyo advanced...

Federal assistance sought for northeastern vineyards, orchards hit by late frost

Published Wed, 05 Mar 2025 04:14:52 GMT

SHELBURNE, Vt. (AP) — Vineyards and apple orchards across the Northeast are still gauging damage from a late-season frost in May that wiped out a third to most of the crop for some growers who say it’s the worst frost damage they have ever seen.Some states are seeking federal disaster declarations, which would make low-interest loans and other programs available to affected growers, while agriculture officials across the region are contemplating together asking the U.S. Department of Agriculture for direct aid to farmers.In southern Vermont, Scott Farm Orchard lost up to 90% of its apple crop when the temperature dipped to 25 degrees Fahrenheit (-3 degrees Celsius) for five hours on May 18. At the northern end of the state, Shelburne Vineyards in Shelburne, Vermont, lost about 50% of its grape crop, which is potentially a half-million dollar revenue loss, according to head wine grower and vineyard manager Ethan Joseph. To make up for lost production, Shelburne Vineyards plans to buy...

Road rage brawl in Granada Hills caught on camera

Published Wed, 05 Mar 2025 04:14:52 GMT

Cellphone video captured the moment fists started flying in an apparent road rage incident along a busy thoroughfare in Granada Hills on Tuesday.  Alessandra Forte and her daughters were in their car when they came up to the intersection at Chatsworth Street and Genesta Avenue at around 3:30 p.m. Video footage shows a white Dodge pickup truck, along with a motorcycle laying in the road and blocking the middle lanes, but it was the fight between the drivers that halted traffic.  “I was like, ‘Oh my God, this is really happening, it’s happening,’” Forte told KTLA. “We got a little scared because you don’t know what these people are going to pull out. Are they going to pull out a gun and start shooting? What do we do?”  Gabriella, one of Forte’s daughters, started recording the fight on her phone, while her other daughter, Giulia called the police on hers.  It’s unclear exactly what triggered the incident, but Forte and her daughters say the driver of the pick...

Authorities search for inmate who escaped Los Angeles facility

Published Wed, 05 Mar 2025 04:14:52 GMT

Authorities are searching for an inmate who escaped from a Los Angeles County correctional facility on Sunday.Aleisha Schmitz, 25, walked away from a Custody to Community Transitional Reentry Program facility around 7:10 p.m. according to the California Department of Corrections and Rehabilitation.She was last seen entering a gray or silver-colored Mercedes outside the facility grounds.Agents were alerted after receiving notification of an alarm on Schmitz’s monitoring device. Staff members immediately searched the facility, but she was nowhere to be found.Schmitz is described as a woman standing 5 feet 4 inches tall and weighing 197 pounds. She has brown eyes, brown hair and a light complexion. She was last seen wearing a blue jacket and gray sweats.Schmitz is currently serving a three-year sentence for charges including second-degree robbery and hit-and-run causing injury of a person other than themself.Aleisha Schmitz in a July 2022 photo from the California Department of Correct...

Oakland A’s fans show up in thousands to execute reverse boycott at the Coliseum, players express ‘full support’

Published Wed, 05 Mar 2025 04:14:52 GMT

OAKLAND — They knew it probably wasn’t going to change anything, but A’s fans at least wanted to try.In one last act of desperation, A’s fans flocked to the Coliseum on Tuesday night for the much-anticipated reverse boycott of the team’s expected move to Las Vegas. The announced attendance of 27,759 was a season-high, and the A’s largest home crowd since last August, as the A’s beat the Rays, 2-1, in a game that had a playoff atmosphere thanks entirely to the A’s angry fanbase.In choreographed rhythm, A’s fans chanted at billionaire owner John Fisher to “sell the team” for most of the 2 hours, 19 minutes, taking frequent breaks to throw their support behind the home team, the worst team in baseball 10 days ago that has since rattled off seven straight wins.“The energy, the atmosphere, tonight was everything that this stadium can be,” A’s manager Mark Kotsay said after the game.The event was organized by fan grou...

Golden Knights blast Panthers to capture first Stanley Cup title

Published Wed, 05 Mar 2025 04:14:52 GMT

By MARK ANDERSON (AP Sports Writer)LAS VEGAS — Golden Knights games have always been as flashy as any show on the Las Vegas Strip, the sword-fighting mascot taking the ice before what seems like a legion of players marching out through the mirrored entrance into the roar of the crowd.If this team was ever going to win the Stanley Cup, it was going to do it with Vegas flash.The Knights delivered just that from dazzling passes to Mark Stone’s hat trick to all-out goal celebrations, capturing the young organization’s first title with a 9-3 romp over the beaten up and exhausted Florida Panthers on Tuesday night.Coach Bruce Cassidy, in a nod to the Knights’ brief history, started five of the original Vegas players known as the Misfits and put the sixth on the second shift. Cassidy sounded confident the day before the game that his team would play well, and it certainly did, blowing open a one-goal game in the second period to lead 6-1. The nine goals tied the record for the most in a Cup...

Power outage at SFO resolved

Published Wed, 05 Mar 2025 04:14:52 GMT

SAN FRANCISCO (KRON) -- A power outage at San Francisco International Airport has been resolved, according to the airport. Earlier, the outage had impacted several airport services, according to a tweet from the airport. As of about 10 p.m., power had been restored to all impacted areas. Westfield pulling out of downtown San Francisco "We apologize for any inconvenience and appreciate your patience," SFO said.The outage had affected ticketing, baggage and gates, according to SFO. The power. The airport advises passengers to check with their airline about flight information.BART and AirTrain service were not impacted.As of now, there is no word on what was behind the outage.

San Jose family loses livelihood after thieves steal $100K worth of stage equipment

Published Wed, 05 Mar 2025 04:14:52 GMT

(KRON) -- A San Jose family is without a livelihood tonight after thieves stole more than $100,000 worth of stage equipment from them. The family says they tracked down the equipment with an Apple AirTag -- and even caught the thieves on video -- but that police did not respond on time.Jairo Torres recorded the thieves on his cellphone Monday as he sat and watched them outside the Oakland Arena. The thieves stole more than $100,000 worth of his lights, sound, and stage equipment. San Jose man who died on Hawaiian honeymoon was ‘super strong’ swimmer “He couldn’t do anything because he was afraid,” said Torres' wife, Elizabet Lozano. She spoke for her husband, who mainly speaks Spanish.She says her husband used AirTags to track down his stolen equipment. He even called the Oakland Police Department while watching his stuff being stolen.“Oakland police never answered," said Lozano. "If they came at the right time, they could have stopped the people.” Bear wanders into Marin County...

Happ’s homer, 4 RBIs lead Cubs over Pirates 11-3 after rain delay

Published Wed, 05 Mar 2025 04:14:52 GMT

CHICAGO (AP) — Ian Happ hit a three-run, first-inning drive for his first home run since May 5, Christopher Morel added a three-run homer in the eighth and the Chicago Cubs routed the Pittsburgh Pirates 11-3 on Tuesday night.Happ had four RBIs and scored three runs for the Cubs, who outhit the Pirates 14-7.“I thought we swung the bats well,” manager David Ross said. “Obviously the Morel homer there toward the end was a big exclamation point.“Up and down the lineup, we had some really hard-hit balls. I though we could have put the game out of reach even a little earlier.”Jack Suwinski had a pair of solo homers for the Pirates, who have lost four of six after a six-game winning streak. He connected in the first off Jameson Taillon (2-4) and his 425-foot drive to right in the sixth tied the score 3-3, disappearing into the mist and landing on Sheffield Avenue.Suwinski has four homers in his last four games and a team-high 15. He’s hit five home runs in 12 games against the ...

Schwarber hits leadoff homer, sparks Phillies to 15-3 win over Diamondbacks

Published Wed, 05 Mar 2025 04:14:52 GMT

PHOENIX (AP) — Kyle Schwarber mashed a 450-foot homer. Trea Turner added two hits, two walks and a pair of stolen bases. Nick Castellanos had two doubles and three RBIs. Bryce Harper even chipped in with a pair of hits and RBIs.This was the kind of offensive night the Philadelphia Phillies envisioned when the season started.Schwarber crushed a long, leadoff homer to start the game, Zack Wheeler threw six strong innings and the Phillies kept piling on in a 15-3 win over the Arizona Diamondbacks on Tuesday night.“It’s a little bit contagious,” Phillies manager Rob Thomson said of the offensive output.Philadelphia has won eight of its last 10 games, following a five-game losing streak. The Phillies are still just 33-34 this season, but looking much more like the team that made it to the World Series last year.“That’s more important than anything, playing good baseball against good teams,” Turner said. “We’re doing everything — pitching, playing defense, timely hitting.”The ...