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Business Highlights: Fed’s rate hike, Wall Street’s tumble

Published Sat, 22 Feb 2025 09:23:14 GMT

___Fed raises key rate by quarter-point despite bank turmoilWASHINGTON (AP) — The Federal Reserve extended its year-long fight against high inflation by raising its key interest rate a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. “The U.S. banking system is sound and resilient,” the Fed said in a written statement. At the same time, the Fed warned that the financial upheaval stemming from the collapse of two major banks is “likely to result in tighter credit conditions” and “weigh on economic activity, hiring and inflation.” The Fed also signaled that it’s likely nearing the end of its aggressive series of rate hikes.___Stocks fall, bond yields tumble after Fed’s latest rate hikeNEW YORK (AP) — Stocks fell sharply after the Federal Reserve said it doesn’t expect to cut rates anytime soon despite Wall Street’s hopes. But it also indicated the end may be near for its economy-crunching hikes to interest rates. ...

DeSantis emite fuertes declaraciones hacia Trump: conmigo en la Casa Blanca no habrá “drama” a diario

Published Sat, 22 Feb 2025 09:23:14 GMT

MIAMI – El gobernador de Florida, Ron DeSantis, afirmó en una entrevista que el canal Fox News transmitirá este jueves que, a diferencia del expresidente Donald Trump, si llegase a la Casa Blanca gobernaría “sin un drama diario”.El gobernador, que aparece detrás de Trump en las encuestas sobre intención de voto de cara a la elección interna republicana para decidir al candidato presidencial en 2024, fue interrogado acerca de sus diferencias con su otrora mentor.DeSantis dijo que él hubiera manejado de otra manera la pandemia de COVID-19 y hubiera “despedido” al epidemiólogo Anthony Fauci, lo que no hizo Trump, y también marcó diferencias con el expresidente en el estilo de liderazgo, según un adelanto de la entrevista del jueves publicado hoy por Fox News.“Creo que la forma de dirigir el gobierno no es un drama diario, sino enfocarse en el panorama general y poner los puntos sobre la mesa. Creo que eso es algo muy importante”, dijo. ...

East High parents outraged, plan to take action

Published Sat, 22 Feb 2025 09:23:14 GMT

DENVER (KDVR) -- After a double shooting at East High School on Wednesday, Denver Mayor Michael Hancock and Denver Police Chief Ron Thomas spoke to parents who were waiting for their kids to be released from the school.Many parents were very frustrated and loudly demanded change."Protect our children," one parent yelled."We shouldn't have to be sitting there at home wondering if our babies are going to come home to us every day," another parent added. Watch: Upset parents confront Denver mayor, police chief after East High School shooting After recent multiple violent incidents, the parents want to know how their children would be kept safe at school."I can share with you that there will be two officers in this school for the remainder of the school year," Thomas said. "That's not enough sir," a parent responded.The chief and mayor told the group that they would work with Denver Public Schools to make changes, but ultimately any action is up to the school board.One parent said he ...

Denver weather: Cooler temps, scattered showers

Published Sat, 22 Feb 2025 09:23:14 GMT

DENVER (KDVR) — Denver's weather will turn cooler heading into the weekend with a chance for scattered showers every afternoon through Monday.Weather tonight: Clouds clearing The mountains will see snow showers become lighter and more isolated after 8 p.m. Wednesday. Roads will still be slick in spots overnight.Temperatures will fall into the upper 20s in Denver with clearing skies. Weather tomorrow: Cool tempsTemperatures will fall to the low 50s Thursday in Denver with a 10% chance for isolated showers in the afternoon and evening.The mountains will see yet another round of scattered snow showers. Looking ahead: Chilly weekend, showersThe pattern of spotty showers in eastern Colorado will continue into Friday and stay through the weekend.Friday in Denver will stay in the low 50s with a 20% chance for rain showers. If temperatures get cold enough, snow could mix in with the rain. By Friday night, there could be a dusting of snow for some parts of eastern Colorado with no significan...

Colorado educator groups call for action

Published Sat, 22 Feb 2025 09:23:14 GMT

DENVER (KDVR) -- After two staff members at Denver East High School were shot by a student Wednesday morning, the Denver Classroom Teachers Association and the Colorado Education Association are calling for action. The Denver Police Department identified the suspect as 17-year-old Austin Lyle, who is a student at the school and was under a safety plan to be patted down each day before entering the school.Questions on safety at the school and the choice to no longer have student resource officers at the school have come into question. Denver East High School shooting suspect identified, still at large “Today’s act of gun violence marks the second school shooting at East High School just this year. It is unacceptable that our students and educators are forced to work in environments where we fundamentally cannot ensure their safety from gun violence,” Rob Gould, special education teacher and president of the DCTA, said.Several local and state lawmakers have urged for an increase in...

Bruins Foundation raffling off artwork to benefit former HS hockey player who suffered spinal injury on the ice

Published Sat, 22 Feb 2025 09:23:14 GMT

The Boston Bruins Foundation, Brad Marchand, and a Canadian artist are teaming up to raffle off limited edition artwork to benefit a former Milton Academy hockey player who suffered a spinal injury on the ice in 2021. The “Marchy” Art Print Raffle is being held in support of former Milton Academy hockey player Jake Thibeault, who was injured as a senior and is still recovering and needs extensive physical therapy.Bruins Foundation President Bob Sweeney said, “He’s got a great personality, he works hard each and every day.”There are 63 limited edition prints in the raffle that have been signed by Bruins star Brad Marchand.You can get a ticket by texting Bruins to 76278 or at bruinsraffles.com.

Use-of-force investigation underway after rough arrest caught on camera in Lynn

Published Sat, 22 Feb 2025 09:23:14 GMT

The Lynn Police Department says a use-of-force investigation is underway after a police officer was caught on camera repeatedly punching a woman in the face after she allegedly attacked and bit officers during an arrest. In the video, two officers can be seen arresting 39-year-old Jessica Wagle at a rooming house. Police say the video was taken out of context and only captured the final moments of a much longer interaction during which she allegedly kicked and bit them.The video also showed the officers using pepper spray to subdue Wagle, who has a lengthy criminal record, and is now facing charges of assault and battery on a police officer, resisting arrest, and disorderly conduct. A department spokesman says the incident was captured on body camera and that the video shows Wagle grab, kick, and bite the officers while they try to place her under arrest.In a statement, Mayor Jared Nicholson said, “We take these incidents very seriously and the Lynn Police Department is conduc...

Boat goes up in flames on Mystic River in Somerville

Published Sat, 22 Feb 2025 09:23:14 GMT

Fire crews rushed to contain a fire that broke out on a boat on the Mystic River in Somerville on Wednesday.Firefighters could be seen spraying the flames from the dock while another crew in a fire boat worked to keep the fire from spreading to nearby vessels at the Winter Hill Yacht Club on Artisan Way.Witnesses said it appeared the fire broke out in the area of a blue tarp on the back of the boat. The blaze cast a large plume of black smoke across the area.The cause of the fire remains under investigation.No additional information was immediately available.This is a developing news story; stay with 7NEWS on-air and online for the latest details.

Bill Belichick, Robert Kraft release statements on Dont’a Hightower’s retirement

Published Sat, 22 Feb 2025 09:23:14 GMT

On Tuesday morning, former Patriots linebacker Dont’a Hightower announced his retirement.Hightower, 33, played his last NFL snaps in Jan. 2022 during a playoff loss at Buffalo. That games concluded a nine-year career in New England, where he became a three-time Super Bowl champion and two-time Pro Bowler. Hightower is widely recognized as one of the Patriots’ greatest playoff performers ever.On Wednesday, Patriots coach Bill Belichick and owner Robert Kraft released statements on the end of Hightower’s career.Related ArticlesNew England Patriots | Ex-Patriots P Jake Bailey blames 2022 struggles on one change New England Patriots | Source: Patriots, DB Jalen Mills reach revised 1-year deal after expected release New England Patriots | Guregian: Patriots’ dynastic defense ends without McCourty, Hightower New England Patriots | Former Patriots LB Dont’a Hightower announces retirement New Engla...

FAA issues safety alert after near misses on runways

Published Sat, 22 Feb 2025 09:23:14 GMT

The Federal Aviation Administration is cracking down on safety protocols, citing “six serious runway incursions” that occurred since January.These incidents were discussed at a safety summit on March 15, a meeting that followed a “call to action” issued by the acting FAA administrator, “to ensure focus and attention on risks to the aviation system.”“In recent months, a number of notable and high visibility events have occurred in the National Airspace System,” stated the FAA alert issued on Wednesday.“While the overall numbers do not reflect an increase in incidents and occurrences, the potential severity of these events is concerning.”According to the alert, six serious runway incursions have occurred since January, including an incident at John F. Kennedy International Airport in New York City, “involving a taxiing aircraft narrowly avoiding a departing aircraft.”The FAA also cited a landing aircraft that came within 100 feet of a departing aircraft” at Austin-Bergstrom Internatio...