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Wall Street strengthens after big bank deal, regulator moves

Published Sat, 28 Dec 2024 04:57:08 GMT

NEW YORK (AP) — Most of Wall Street is rising Monday after regulators pushed together two huge banks over the weekend and made other moves to build confidence in the struggling industry. The S&P 500 was 0.5% higher in morning trading. The Dow Jones Industrial Average was up 276 points, or 0.9%, at 32,138, as of 10:45 a.m. Eastern time, while the Nasdaq composite was 0.1% lower.Much of the attention is still on banks, which may be cracking under the pressure of the fastest flurry of hikes to interest rates in decades. Swiss banking giant UBS said Sunday it would buy its rival Credit Suisse for almost $3.25 billion in a deal quickly put together by regulators. Credit Suisse has been battling a unique set of troubles for years, but they came to a head last week as its stock price tumbled to a record low. Credit Suisse fell another 54.5% in its first trading after the deal was announced, while UBS rose 3.5% in Switzerland.A group of central banks stretching from the United States to...

Huskers’ leading rusher Anthony Grant suspended indefinitely

Published Sat, 28 Dec 2024 04:57:08 GMT

LINCOLN, Neb. (AP) — Nebraska opened spring practice with running back Anthony Grant suspended indefinitely to work on academics and other issues, first-year coach Matt Rhule announced Monday.Grant led the team in rushing with 915 yards and six touchdowns last season. He also caught 18 passes for 104 yards.“Working on academics and general things. Nothing bad other than just our standards as a program,” Rhule said. “That will be day by day. Good kid. Just have to get him going in the right direction.”Rhule said kick returner and reserve receiver Tommi Hill also is suspended. He did not specify a reason.Backup tight ends Chris Hickman and James Carnie and reserve cornerback Tyreke Johnson have left the team.___AP college football: https://apnews.com/hub/college-football and https://twitter.com/ap_top25.Source

Illinois teens die in sledding accident at Copper Mountain

Published Sat, 28 Dec 2024 04:57:08 GMT

SUMMIT COUNTY, Colo. (KDVR) -- The Summit County Sheriff's Office says two males on a spring break vacation passed away after a sledding accident on Sunday.The sheriff's office said they responded around 8:35 p.m. for a reported sledding accident at Copper Mountain Ski Resort involving 17 and 18 year old males from Illinois. ‘He left the world doing what he loved’: Avalanche victim remembered as lover of all things adventure The males reportedly rode tandem down a half pipe and launched off a large snowbank at the bottom of the half pipe. The sheriff's office said they came down hard on the ice below, which caused blunt force trauma.The teens immediately received medical attention but could not be revived and were pronounced dead.“Our thoughts and condolences go out to the families and friends of the individuals involved in this tragic incident," Summit County Sheriff Jaime FitzSimons said.The Summit County Sheriff's Office said they would like to remind everyone to always practic...

CU Boulder student accused of sharing sexual abuse video of fellow classmate

Published Sat, 28 Dec 2024 04:57:08 GMT

BOULDER, Colo. (KDVR) — A 23-year-old University of Colorado Boulder student was arrested on charges of sexual exploitation of a child after allegedly sharing an explicit video of a fellow student.According to the University of Colorado Boulder Police Department, Aria Michelle Brauchli is charged with two counts of sexual exploitation of a child after she allegedly redistributed a video depicting child abuse material of a fellow CU classmate. Video shared via Snapchat in CU classAn arrest affidavit obtained by FOX31 said the reported harassment happened in March 2022. On March 2, 2022, a student in a CU Boulder class received an AirDrop on her iPhone to accept a video. The student initially declined the AirDrop but told police she received the same notification nine more times before finally accepting. Aurora dentist accused of poisoning his wife to death When the student opened the video, she told police that it depicted child sexual abuse and immediately reported it to the unive...

Miami Beach struggles with spring break violence, big crowds

Published Sat, 28 Dec 2024 04:57:08 GMT

MIAMI BEACH, Fla. (AP) — For the third year in a row, Miami Beach finds itself struggling with spring break violence, including two fatal shootings and unruly crowds, despite a massive police presence and activities designed to give people alternatives to drinking alcohol and roaming the streets.The party-all-the-time vibe in the South Beach section of the barrier island city has already led officials to ban alcohol sales at larger clubs after 2 a.m. Police are stationed everywhere, including in mobile towers that give officers a birds-eye view of the streets. Art, music, yoga and volleyball tournaments were added this year to give people something to do, at least during the day.Yet the violence continues at night. All night.The city imposed an overnight curfew that ended Monday morning and is considering imposing another one next weekend. It’s the third straight year city officials have approved such restrictions — something Mayor Dan Gelber wants to stop.“The volume of peopl...

Effort to exhume Stephen Smith’s body is a search for answers, attorneys say, not ‘Murdaugh 2.0’

Published Sat, 28 Dec 2024 04:57:08 GMT

(CNN) — Attorneys for the family of Stephen Smith say their effort to exhume the 19-year-old’s body is an attempt to provide his mother answers about what led to his death — and has nothing to do with the family of Alex Murdaugh.“This is not an Alex Murdaugh 2.0, or any Murdaugh 2.0,” Eric Bland, an attorney for Smith’s mother, told reporters in a virtual news conference Monday. “This is the Stephen Smith 2.0. It’s all about Stephen.”Smith’s mother and her attorneys announced they would petition a court to have his body — discovered in July 2015 in the middle of a Hampton County, South Carolina, road — exhumed for a private autopsy to seek what a GoFundMe page described as “a new, unbiased look at his body and an accurate determination of his cause of death based on facts.”“We think that he did not die on that road that fateful night,” Eric Bland said Monday. “We think that there wa...

Dentist arrested in ‘heinous, complex and calculated’ poisoning death of his wife

Published Sat, 28 Dec 2024 04:57:08 GMT

(CNN) — A Colorado dentist was arrested early Sunday morning on murder charges in the poisoning death of his wife, according to a release from the Aurora Police Department.Aurora police detectives launched an investigation into the woman’s suspicious death, after James Toliver Craig, 45, drove his wife, 43, to a hospital around 8:45 p.m. Wednesday, because she was having “severe headaches and dizziness.” The wife’s condition deteriorated quickly after arriving at the hospital, and she was placed on a ventilator in intensive care, where she was declared medically brain-dead a short time later, police said.Police determined the woman had been poisoned and a warrant for first-degree murder was obtained after doctors made the decision to take her off life support early Sunday morning. Craig was arrested and booked into jail around 2 a.m. Sunday, according to the release.“When the suspicious details of this case came to light, our team of officers and ...

Jury convicts 3 of murder in death of rapper XXXTentacion

Published Sat, 28 Dec 2024 04:57:08 GMT

FORT LAUDERDALE, Fla. (AP) — Three men were found guilty Monday of the 2018 killing of star rapper XXXTentacion, who was shot outside a South Florida motorcycle shop while being robbed of $50,000.Michael Boatwright, 28, Dedrick Williams, 26, and Trayvon Newsome, 24, were all found guilty of first-degree murder and armed robbery by a jury that deliberated a little more than seven days. They will receive mandatory life sentences at a later date.The defendants showed little emotion as each stood and was handcuffed by a bailiff.During the monthlong trial, prosecutors linked the men to the June 18, 2018, shooting outside Riva Motorsports in suburban Fort Lauderdale through extensive surveillance video taken inside and outside the store, plus cellphone videos they took that showed them flashing fistfuls of $100 bills hours after the slaying.Prosecutors also had the testimony of a fourth man, Robert Allen, a former friend of the defendants who said he participated in the robbery. He pleade...

Xi Jinping to Vladimir Putin: I’m sure you’ll win re-election next year

Published Sat, 28 Dec 2024 04:57:08 GMT

Chinese President Xi Jinping turned election pundit at the beginning of high-profile state visit to Moscow on Monday and expressed confidence that Russians would back Vladimir Putin in next year’s presidential election. Unsurprisingly, Xi made no reference to what happens to Putin’s political opponents. “I know that next year there will be another presidential election in your country,” Xi told Putin at the start of talks in the Kremlin, the state-run TASS news agency reported. “Thanks to your strong leadership, Russia has made significant progress in achieving prosperity … in recent years. I am sure that the Russian people will strongly support Mr. President.”Putin, 70, is widely expected to go for another term for the top job next year, whereas Xi, 69, just secured another presidential term less than two weeks ago by breaking Communist Party norms set out decades ago.Xi became the first world leader to meet Putin after the Russian leader was iss...

DA: Skier killed in apparent accident on Wachusett Mountain

Published Sat, 28 Dec 2024 04:57:08 GMT

A skier has died in an apparent accident on Wachusett Mountain Monday morning, according to the Worcester County District Attorney’s Office. Officers responded to the scene around 10:30 a.m. after an adult male skier was found unresponsive by another skier who was passing by, police say.The man was brought to the bottom of the mountain by the Ski Patrol, where he was pronounced dead. Authorities have not yet identified the skier.The incident remains under investigation and no additional information is available at this time. This is a developing story; stay with 7NEWS on-air and online for the latest updates.