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Barely a bear: Wall Street exits what turned out to be a fairly tame bear market

Published Fri, 07 Feb 2025 21:07:07 GMT

NEW YORK (AP) — While it seemed scary and interminable, the bear market that Wall Street just exited turned out to be meeker than most.After the S&P 500 on Thursday closed at a level more than 20% above where it was in mid-October, Wall Street can give official dates for the birth and death of its last bear market, which is what traders call a long decline of at least 20% for the S&P 500. It started on Jan. 3, 2022, when the S&P 500 set a record high, and ended on Oct. 12, when it bottomed out 25.4% lower.Worries about the highest inflation in generations drove the drop. More precisely, it was worries about what the Federal Reserve would do to combat high inflation. The Fed furiously jacked rates up to their highest level since 2007, up from virtually zero in about a year. The aim of high interest rates is to lower inflation by slowing the entire economy and dragging down prices for stocks, bonds and other investments. But a nine-month bear market with a drop of 25.4% is...

Americans’ wealth rises by $3 trillion but remains below early 2022 peak

Published Fri, 07 Feb 2025 21:07:07 GMT

A 'Now Hiring' sign is displayed outside a resale clothing shop on Friday in Los Angeles, California. A 'Now Hiring' sign is displayed outside a resale clothing shop on Friday in Los Angeles, California. New York (CNN) — Elevated by a strong stock market, Americans’ household wealth rose to nearly $149 trillion in the first quarter of 2023, new federal data shows. But that’s still several trillion dollars shy of its recent peak.The net worth of households rose by $3 trillion in the early part of this year, according to the Federal Reserve’s quarterly report on US financial accounts. The data also includes nonprofit organizations.Households saw the value of their stock holdings increase by $2.4 trillion. The ...

NY attorney general files lawsuit against anti-abortion group known for blocking access to clinics

Published Fri, 07 Feb 2025 21:07:07 GMT

NEW YORK (AP) — New York’s attorney general filed a federal lawsuit on Thursday against an anti-abortion group whose members have been arrested for blocking access to health care clinics in New York and other states.The group, Red Rose Rescue, “has made it their mission to terrorize reproductive health care providers and the patients they serve,” said Attorney General Letitia James said in announcing the lawsuit against the organization and several members who she said have trespassed at suburban New York clinics, occupied waiting rooms and barricaded entrances.The lawsuit filed in federal court for the Southern District of New York seeks to prevent Red Rose members from coming within 30 feet of any reproductive health care facility in addition to civil penalties and damages.Red Rose Rescue started in 2017 and has staged actions in states including New Mexico and Michigan, in addition to New York. A message seeking comment on the New York lawsuit was sent to the organiza...

Broncos agree to 1-year deal with Frank Clark after Baron Browning knee surgery, AP source says

Published Fri, 07 Feb 2025 21:07:07 GMT

ENGLEWOOD, Colo. (AP) — The Denver Broncos have agreed to a one-year deal with former Kansas City Chiefs edge rusher Frank Clark following third-year pro Baron Browning’s knee operation, a person familiar with the negotiations told The Associated Press.Browning underwent a procedure in recent weeks to repair a torn meniscus, according to the person who spoke on condition of anonymity because the team hasn’t publicly addressed the outside linebacker’s health status and won’t discuss Clark’s contract until he signs. Browning is expected to be back for training camp next month.Clark, who turns 30 next week, was cut recently by the Chiefs in a cost-saving move. He’s a ninth-year pro who had five sacks for the Super Bowl champs last year. He spent his first four seasons in Seattle, collecting 35 sacks and 72 quarterback hits. His best season came in 2018 when he set career highs with 13 sacks and two dozen QB hits, but all three of his Pro Bowl berths ...

Lawsuit filed against Xcel Energy over cause of Marshall Fire

Published Fri, 07 Feb 2025 21:07:07 GMT

DENVER (KDVR) -- Two dozen people have filed a lawsuit against Xcel Energy saying the company's power lines and equipment were a "substantial factor in the cause, origin, and continuation of the deadly Marshall Fire."The lawsuit was filed Thursday shortly after a news conference by the Boulder County sheriff and 20th Judicial District Attorney announced that an Xcel power line "likely" caused one of the two fires that merged into the Marshall Fire. Marshall Fire caused by residential burn and Xcel power line, sheriff says This initial fire began near the Marshall Mesa Trailhead at the intersection of highways 93 and 107, about 2,000 feet from the other initial fire that began on the property of 5325 Eldorado Springs Drive.Investigators said they believe an Xcel power line was knocked by strong winds and came in contact with another piece of equipment, causing electrical arcing and hot particles to discharge and ignite a fire.The DA said that there will be no criminal charges becau...

Extinguished burn days before Marshall Fire believed to be part of the cause

Published Fri, 07 Feb 2025 21:07:07 GMT

DENVER (KDVR) -- The Marshall Fire happened nearly a year and a half ago on Dec. 30, 2021, but investigators say they believe its origins may actually date to nearly a week earlier.It was determined that two separate fires created the Marshall Fire, Boulder County Sheriff Curtis Johnson said Thursday. Watch: Boulder County announces cause of Marshall Fire The first started six days before the massive blaze ignited at a residential property located at 5325 Eldorado Springs Dr. on Dec. 24. The residents there had conducted a fire to dispose of scrap wood and tree branches.That fire was reported by a passerby, and firefighters from the Mountain View Fire Protection District and the sheriff's deputy responded. It was a cool, damp day, and there was a pool on the property."Given that there was a large water source on the property and the plan to cover the coals with dirt, the fire department believed the fire was being conducted responsibly," Johnson said. Boulder County sheriff lost...

Denver weather: More afternoon thunderstorms to end the week

Published Fri, 07 Feb 2025 21:07:07 GMT

DENVER (KDVR) — Denver's weather will stay in the pattern of dry mornings followed by afternoon thunderstorms through the start of the weekend. Weather tonight: Showers ending, mild temperaturesThe chance for showers will taper off tonight and Denver will be left with a mainly cloudy sky. Temperatures will stay near normal and fall to the 50s. Weather tomorrow: Sunny morning, afternoon showersFriday will start with a mostly sunny sky. This will boost temperatures to the upper 70s ahead of the chance for afternoon showers and thunderstorms. Colorado named among 10 best states for an early retirement Looking ahead: Cooler weekend and more afternoon showersThe chance for morning sunshine, highs in the 70s and afternoon thunderstorms will continue on Saturday. Cooler and soggy conditions are on the way on Sunday. This will be followed by a return to the pattern of a partly sunny start to the day followed by afternoon thunderstorms next week.

Florida deputy hailed as hero after saving mother, 5 children from overturned minivan

Published Fri, 07 Feb 2025 21:07:07 GMT

HILLSBOROUGH COUNTY, Fla. (WSVN) — A Florida deputy is now being hailed a hero after he jumped into action to save a mother and her five children who were trapped inside their overturned minivan.Hillsborough County Sheriff’s Office Sgt. Donnie Rizer wasted no time rushing to the victims’ aid when he came across the crash, Tuesday afternoon.The minivan had overturned after crashing, with children still stuck inside.Rizer got one of the children who had trouble freeing herself, getting her foot loose and pulling her out of the vehicle.But there was still one child who was not accounted for.Ma’am, how many children are in the vehicle?” said Rizer in body camera video. “I have five. Yes, there’s one in the back,” said the children’s mother.“How old?” said Rizer.“A 3-year-old,” said the mother.The sergeant saw two small fingers through the sunroof. He removed his vest and equipment belt, crawled inside of the v...

USF professor breaks world record for living underwater for 100 days

Published Fri, 07 Feb 2025 21:07:07 GMT

A University of South Florida professor and former U.S. Navy diver is about to hit a world record for living underwater for 100 consecutive days. Joseph Dituri, also known as “Dr. Deep Sea,” has been staying at Jules’ Undersea Lodge in Key Largo, conducting research and daily experiments in physiology. Dituri had previously broken the world record for living underwater for 74 days starting March 1, but he told reporters that he planned on staying at the lodge until Friday to complete an underwater mission called Project Neptune 100.“The idea here is to populate the world’s oceans, to take care of them by living in them and really treating them well,” Dituri previously told the Associated Press.His website states that the mission includes ocean conservation research, the study of the physiological and psychological effects of compression on the human body, and education for children. Additionally, he conducted online classes and broadcast interviews from his deep-water di...

Florida Panthers’ doctor heals players, hopes for Stanley Cup victory

Published Fri, 07 Feb 2025 21:07:07 GMT

Tummy tucks by day, puck injuries at night.A South Florida plastic surgeon has been on double duty for nearly two decades. While he mostly performs cosmetic work for people who want to change their looks, he’s also there to help Florida Panthers players who are taking pucks to the face.Dr. Gregory Albert’s knowledge extends from the operating room into the game of hockey. He’s been a part of the Florida Panthers’ medical team for more than 15 years. He was recruited by another team doctor.“Didn’t really know that much about hockey, but it quickly became a passion, and it’s been just the greatest thing working with professional athletes that are on top of their game and want to get back to the game quickly,” Gregory said. Albert is known for his face-lifts, breast work and new liposuction treatment. but as soon as he’s done with his work at his Delray office, he’s off to the FLA Live Arena in Sunrise for every home game, wat...