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Markets shudder on fears about banking crisis, recession

Published Fri, 07 Feb 2025 10:28:46 GMT

NEW YORK (AP) — Worries about a spreading banking crisis and how badly it will hit an already fragile economy caused markets to shudder Wednesday, as stocks fell and bond yields tumbled on both sides of the Atlantic.The S&P 500 was 1% lower in afternoon trading, while markets in Europe fell more sharply as shares of Switzerland’s Credit Suisse dropped to a record low. The Dow Jones Industrial Average was down 324 points, or 1%, at 31,831 as of 2:20 p.m. Eastern time after earlier being down as many as 725 points. The Nasdaq composite was 0.1% lower.Credit Suisse has been fighting troubles for years, including losses it took from the 2021 collapse of investment firm Archegos Capital. Its shares in Switzerland sank 24.2% following reports that its top shareholder won’t pump more money into its investment.“They've had issues,” said Anthony Saglimbene, chief market strategist at Ameriprise. “It's just coming at a time when there’s more uncertainty and there’s less confiden...

Obituary: “Auntie Beverly” Cottman shared African culture through art and stories

Published Fri, 07 Feb 2025 10:28:46 GMT

Beverly Cottman was known as a woman who refused to sit still.After serving 30 years as a teacher, Cottman’s “retirement” was to throw herself into the arts and storytelling, creating work based on African and African-American folktales, myths, fables and traditions in collaborative spaces throughout the Twin Cities.Undated courtesy photo of Beverly Cottman, a former artist and storyteller for COMPAS and North High School biology teacher, in Egypt where she died March 11, 2023. (Courtesy of Kenna Cottman)Cottman, known affectionately as “Auntie Beverly” by many, died in her sleep on March 11 at the age of 80 on a trip to Egypt with some of her oldest friends.Born in California and raised in Kansas City, Missouri, Cottman moved to Minneapolis in the ’60s with her husband, Bill, whom she met as a student at Howard University. The duo would become forceful creators and educators in the city, Beverly a science teacher at schools such as North High Sch...

CR-14 reopens in Berne, officials still urge caution in hill towns

Published Fri, 07 Feb 2025 10:28:46 GMT

ALBANY COUNTY, N.Y. (NEWS10) -- Albany County is still dealing with the aftermath of Tuesday's snowfall. The varying landscape, from the cities to the hill towns, means different travel challenges, and approaches to clean-up.County Route 14 in Berne was closed for a period of time Tuesday morning due to whiteout conditions from the massive snow piles blowing around. Get all of the latest news, weather, sports, and entertainment delivered right to your inbox! "The snowbanks and the high winds up there, it's making it impossible for people to see," said Albany County Executive Dan McCoy.The roads in that area, outside of CR-14, are also patchy. The winds that followed the nor'easter created those conditions on roads in East Berne and Westerlo, where some of the highest snow totals were reported.McCoy commended the work of the DPW for clearing over 700 miles of roadway and making it passable after over two feet of snow landed in some areas of the county. Winter lovers brave the sto...

At least 21% of New York black bears hunted in 2022

Published Fri, 07 Feb 2025 10:28:46 GMT

ALBANY, N.Y. (NEWS10) - Every year, hunting season in New York is a way to control and track the population numbers of some animals around the state. 2022's bear season is one of those - and on Tuesday, the Department of Environmental Conservation (DEC) posted the year's numbers. Get all of the latest news, weather, sports, and entertainment delivered right to your inbox! DEC Commissioner Basil Seggos said that an estimated 1,318 black bears had been harvested during the 2022 hunting season. That's at least 21% of the between 6,000 and 8,000 black bears the DEC estimates to currently live in New York - but if that number sounds dangerously high, think again.“New York’s black bear populations remain robust, particularly in the Catskill and Adirondack regions,” said Seggos in Tuesday's announcement. “Regulated bear hunting is a necessary tool for population management, especially with numbers increasing in recent years. I’m pleased to see hunters across the state logged another succ...

Where to sing karaoke in the Capital Region

Published Fri, 07 Feb 2025 10:28:46 GMT

ALBANY, N.Y. (NEWS10) -- If you’re looking for a place to sing your heart out, a karaoke night may be right for you. Many restaurants and bars around the area host karaoke nights once, twice or even almost every night. Get all of the latest news, weather, sports, and entertainment delivered right to your inbox! Here’s where you can sing karaoke in the Capital Region.JT Maxies, 240 Wolf Road in ColonieTuesday through Saturday at 7 p.m.Lark St. Tavern, 453 Madison Avenue in AlbanyFridays and Saturdays at 10 p.m.Encore Lounge, 71 Fuller Road in AlbanyTuesday through Saturday starting at either 5 p.m. or 9 p.m.Black Bear Inn, 310 19th Street in WatervlietWednesdays at 9 p.m.Delorey's Restaurant & Bar, 2518 Broadway in SchenectadyFridays and Saturdays at 8 p.m.Pinhead Susan's, 38-40 North Broadway in SchenectadyThursdays at 8 p.m.Bourbon Street Grill, 2209 Central Avenue in SchenectadyFridays and Saturdays at 9 p.m.TJ's Flightline Pub, 20 Saratoga Road in GlenvilleFridays at 9 p.m....

Report details fatal encounter between accused cop killer, Hermann police

Published Fri, 07 Feb 2025 10:28:46 GMT

GASCONADE COUNTY, Mo. - The man accused of killing one Hermann, Missouri, police officer and wounding another in a double shooting was arraigned Wednesday morning and entered a not guilty plea.Kenneth Simpson appeared in court via video conference and is being represented by a public defender.The Gasconade County Prosecuting Attorney's Office has charged Simpson with one count of first-degree murder, first-degree assault – special victim, unlawful possession of a firearm, and two counts of armed criminal action.A probable cause statement issued by the Missouri State Highway Patrol details the fatal encounter between Simpson and Officer Adam Sullentrup and Detective Sgt. Mason Griffith. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Breaking News SIGN UP NOW The shooting itself ...

NBA suspends Grizzlies guard Ja Morant 8 games for having gun at Glendale club in video

Published Fri, 07 Feb 2025 10:28:46 GMT

MIAMI — The NBA suspended Memphis Grizzlies guard Ja Morant eight games without pay on Wednesday after determining that his displaying a firearm at a club in suburban Denver earlier this month was “conduct detrimental to the league.”Morant will miss his sixth game when the Grizzlies play in Miami on Wednesday night. He will miss the next two games and be eligible to return on Monday when Memphis plays Dallas.The games he already missed will count toward the suspension, and Morant will forfeit about $669,000 in salary.“Ja’s conduct was irresponsible, reckless and potentially very dangerous,” NBA Commissioner Adam Silver said in a statement. “It also has serious consequences given his enormous following and influence, particularly among young fans who look up to him.”Related ArticlesDenver Nuggets | Nuggets Podcast: Denver’s struggles, MPJ’s benching and the Nikola Jokic MVP debate Denver Nuggets | ...

Prairie View High on lockdown after shooting in Brighton

Published Fri, 07 Feb 2025 10:28:46 GMT

Police are investigating a shooting in Brighton, suspects are in custody and students are possibly involved.Multiple police units on scene near South 9th Avenue and Bush Street after receiving reports of shots fired. One victim transported to urgent care with a gunshot wound. Possible suspects are in custody near East 120th Avenue and Salem Street. Avoid both areas. pic.twitter.com/15Ymjp62bO— Brighton PD (@BrightonPolice) March 15, 2023Related ArticlesCrime and Public Safety | Letters: Grieving parents fight to protect other students from shootings Crime and Public Safety | Investigators seek tips in 2009 cold case fatal shooting in Ignacio Crime and Public Safety | How mass killers slip through Colorado’s fragmented safety net: “One of the great challenges of our time” Crime and Public Safety | Man shot in Denver’s Montbello area dies, a homicide investigation is underway Crime and Public Safet...

Berkeley Donuts closing to make way for Hops & Pie’s new patio

Published Fri, 07 Feb 2025 10:28:46 GMT

Hops & Pie is putting its potato-doughnut concept on pause.The northwest Denver pizza joint and beer bar, 3920 Tennyson St., will officially stop service for Berkeley Donuts on Sunday, March 19, owners Leah and Drew Watson announced.“We will need all our available space in the kitchen – as well as our staff – to go towards accommodating the increased seating from our new larger patio,” the announcement readsHops & Pie is currently renovating what had been a makeshift, pandemic-induced patio in their parking lot into a permanent and expansive outdoor area, which they plan to debut next week.The Watsons started Berkeley Donuts within Hops & Pie in Feb. 2020, serving New England-style potato doughnuts, a cult favorite made with potatoes and flour to make them more fluffy and tender. The doughnuts were so popular that lines would form early in the morning, especially during the pandemic when Hops & Pie could sell them from the doorway to go.“We don’t take this lightly &#...

Former L.A. Mayor Eric Garcetti confirmed as India ambassador after 20-month fight

Published Fri, 07 Feb 2025 10:28:46 GMT

Former Los Angeles Mayor Eric Garcetti was confirmed Wednesday by a divided Senate as the nation’s next ambassador to India, 20 months after he was first nominated by President Joe Biden and after weathering doubts about his truthfulness in a sexual harassment scandal involving a top adviser during his time at City Hall.The 52-42 vote gave the administration a long-sought victory in filling one of the country’s highest profile diplomatic posts. The session began with uncertain prospects for Garcetti, a two-term, progressive Democrat first nominated to the prominent diplomatic post by President Joe Biden in July 2021. With several Democratic defections, Garcetti's fate rested with enlisting Republicans in a chamber often divided along partisan line. He secured seven GOP votes to advance the nomination to a final vote. Republican Sen. Susan Collins of Maine said, “I met with him personally. He clearly has an enormous amount of expertise about India. India’s been two years without an a...