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Stock market today: Asian shares fall back amid selling of China property shares

Published Sat, 22 Feb 2025 08:53:41 GMT

Shares fell back Tuesday in Asia after U.S. markets were closed for the Labor Day holiday. U.S. futures also were lower and oil prices were mixed. Hong Kong fell more than 1% as Chinese property stocks declined as investors sold to lock in gains fueled by recent efforts to support the ailing industry.China Vanke lost 1.2%, while Country Garden Holdings gave up 2%. Hong Kong-based Sun Hung Kai Properties shed 2.4%. Chinese services data came in weaker than expected, dulling hopes for a rebound in China’s lackluster growth. A survey showed business activity in China’s services sector increased at the slowest pace in eight months. Hong Kong’s Hang Seng index declined 1.4% to 18,575.00 while the Shanghai Composite index fell 0.6% to 3,157.86. Tokyo’s Nikkei 225 slipped 0.2% to 32,870.00 as the government reported weak household spending figure for August. In Seoul, the Kospi lost 0.3% to 2,577.71. Australia’s S&P/ASX 200 was down 0.5% to 7,279.30. Share...

Rhode Island voters to decide Democratic and Republican primary races for congressional seat

Published Sat, 22 Feb 2025 08:53:41 GMT

TO MOVE 12:01 a.m. ET TUESDAY, SEPT 5; Grygiel editedPhotos RI101-104 of the four top Democratic candidates are on hold in NY.===Rhode Island voters are casting their ballots Tuesday in a primary contest to winnow down a field of candidates vying for the U.S. House seat vacated by former Democratic Rep. David Cicilline, including a handful who could make history by being the first person of color to go on to be elected to Congress from Rhode Island.Nearly a dozen Democrats are hoping to be their party’s nominee. Cicilline stepped down earlier this summer to become the president and CEO of the Rhode Island Foundation. Two Republican candidates are also facing off in the GOP primary in the heavily Democratic state. The last Republican to represent the 1st Congressional District was Rep. Ron Machtley who served from 1989 to 1995.Among the presumed pack of Democratic front-runners are Rhode Island Lt. Gov. Sabina Matos, former state Rep. Aaron Regunberg, state Sen. Sandra Cano, and form...

Biden to award Medal of Honor to Army helicopter pilot who rescued soldiers in a Vietnam firefight

Published Sat, 22 Feb 2025 08:53:41 GMT

WASHINGTON (AP) — President Joe Biden will award the Medal of Honor on Tuesday to a Vietnam War Army helicopter pilot who risked his life by flying into heavy enemy fire to save four members of a reconnaissance team from almost certain death as they were about to be overrun. Biden is recognizing retired Capt. Larry Taylor of Tennessee at the White House.On the night of June 18, 1968, then-1st Lt. Taylor flew his Cobra attack helicopter to rescue the men after they had become surrounded by the enemy.Taylor, now 81, recalled in an interview last week that he had to figure out how to get them out, otherwise “they wouldn’t make it.”David Hill, one of the four Taylor saved that night, said his actions were what “we now call thinking outside the box.”Hill and the others were on a night mission to track the movement of enemy troops in a village near the Saigon River when they were discovered by North Vietnamese and Viet Cong troops. An intense firefight ensued and soon they were runn...

Congress returns to try to stave off a government shutdown while GOP weighs impeachment inquiry

Published Sat, 22 Feb 2025 08:53:41 GMT

WASHINGTON (AP) — After months of struggling to find agreement on just about anything in a divided Congress, lawmakers are returning to Capitol Hill to try to avert a government shutdown, even as House Republicans consider whether to press forward with an impeachment inquiry into President Joe Biden.A short-term funding measure to keep government offices fully functioning will dominate the September agenda, along with emergency funding for Ukraine, federal disaster funds and the Republican-driven probe into Hunter Biden’s overseas business dealings.Time is running short for Congress to act. The House is scheduled to meet for just 11 days before the government’s fiscal year ends on Sept. 30, leaving little room to maneuver. And the dealmaking will play out as two top Republicans, Sen. Mitch McConnell of Kentucky and Rep. Steve Scalise of Louisiana, deal with health issues.The president and congressional leaders, including Republican House Speaker Kevin McCarthy, are focused on ...

The next presidential campaign is coming into focus. It might look a lot like the last one.

Published Sat, 22 Feb 2025 08:53:41 GMT

NEW YORK (AP) — The end of Labor Day weekend would typically mark the start of a furious sprint to the Iowa caucuses as candidates battle for their party’s presidential nomination. But as the 2024 campaign comes into greater focus, the usual frenzy is yielding to a sense of inevitability. Among Republicans, Donald Trump is dominating the primary field, outpacing rivals with resumes as governors, diplomats and entrepreneurs that would normally prove compelling. The former president’s strength comes despite — or perhaps because of — multiple criminal indictments that threaten to overshadow any serious debate about the future of the country. And for now, the tens of millions of dollars that Republican rivals are pouring into the race are doing little to diminish Trump’s stature, fueling concerns among his GOP critics who fear the primary is essentially over before it begins. As one troubled front-runner tightens his grip on the Republican nomination, President Joe Biden is on a glide p...

Iconic Bay Area landmark that went missing has now been located

Published Sat, 22 Feb 2025 08:53:41 GMT

A well-known East Bay sculpture that was vandalized and went missing has now been recovered, according to numerous reports.The sculpture is widely known as the “Mission Peak pole,” located atop the hiking area of Mission Peak in Fremont.The top part of the pole — which long served as a popular photo opp for hikers — had been removed at some point, although its not known when exactly that happened. The disappearance was made known through pictures circulated on social media and elsewhere over the weekend.Related ArticlesNews | Programs help Sunnyvale residents get fit, eat healthy News | Wildfire in Redwoods State and National Park likely to enter old growth forest News | Letters: California Conference | Finding criminals | Rate hike | Gun crusade News | ADA-compliant dock installed at Vasona Lake in Los Gatos News | Castle Rock State Park to expand in size due to rare state land purcha...

Person fatally struck by Caltrain in Redwood City

Published Sat, 22 Feb 2025 08:53:41 GMT

(KRON) -- A person was killed after a Caltrain struck them in Redwood City Monday night, Caltrain confirmed to KRON4. Northbound train #268 was pulling into the Redwood City station at about 8:54 p.m. when the collision happened. There were 166 passengers and seven bicycles aboard the train. All of them got onto the platform after the crash. No other injuries were reported. Train service stopped after the accident as emergency personnel worked at the scene. The fatality was Caltrain's 10th of the year.

Priscilla Presley surprises Venice audience ahead of bio premiere

Published Sat, 22 Feb 2025 08:53:41 GMT

LIDO, Venice, Italy – Elvis may be long gone but his spirt was certainly invoked at the Venice Film Festival press conference before Monday night’s world premiere of Sofia Coppola’s “Priscilla.”That’s because as Coppola, 52, spoke about her film adaptation of Priscilla Presley’s memoir about her life, marriage and divorce from Elvis Presley, she was asked what did Priscilla Presley think of her movie.  And since the real Priscilla Presley, 78, was sitting in the front row, she was given a mic and jolted the room with an emotional, tear-filled answer.Asked, “Priscilla, what moved you the most seeing the film?” she answered, “The ending. It’s very difficult to sit and watch a film about your life and your love and” – she choked up, stopped, as the room erupted into applause – “Sofia did an amazing job. She did her homework. We spoke a couple of times and I put everything out for her that I could.“It was very difficult for my parents to understand why Elvis was so important to me” – sh...

Fire erupts at downtown San Diego building

Published Sat, 22 Feb 2025 08:53:41 GMT

SAN DIEGO -- Firefighters were able to put out a fire that broke out Monday evening at a single-story commercial building in the East Village neighborhood.The blaze occurred on 16th Street between Market and G Street, San Diego Fire-Rescue Department tweeted at 9:49 p.m. Santee Drive-In Theatre set to close after over half a century in business Around 10:05 p.m., the SDFD announced the fire was extinguished, preventing it from spreading to nearby buildings. Crews will stay at the scene to make sure no fire remains.

China touts the benefits of its ‘Belt and Road’ initiative to Italy, which may end the agreement

Published Sat, 22 Feb 2025 08:53:41 GMT

BEIJING (AP) — China’s foreign minister is seeking to sell his Italian counterpart on the benefits of leader Xi Jinping’s signature “Belt and Road” initiative of Chinese-built and -funded infrastructure projects, as Rome considers whether to renew the agreement. In a Monday meeting, Wang Yi told Antonio Tajani that bilateral trade had grown from $50 billion to nearly $80 billion and that Italy’s exports to China increased by around 30% over the past five years. While the figures haven’t been corroborated, Italy’s conservative government has cast doubt on the benefits of the arrangement. In 2019, Italy became the only European country to sign on to the initiative under then-premier Giuseppe Conte, and it is not expected to be extended when it comes up for renewal at year’s end. China’s official Xinhua News Agency quoted Wang as telling Tajani that “China and Italy should adhere to the right way of getting along with each other” with mutual respect and trust in the face of...