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The 5 most important things Fed Chair Powell said about the banking crisis Wednesday

Published Wed, 25 Dec 2024 19:58:52 GMT

Federal Reserve Chair Jerome Powell announced a 0.25 percentage point rate hike on Wednesday after a closely watched meeting of the central bank’s rate-setting committee, which many analysts had been hoping would result in a pause.Prioritizing concerns about inflation over recent instability in the banking sector, which has spurred interventions from both the government and larger U.S. banks, Powell called the financial sector “sound and resilient.”But he also dropped some hints that things may not be as peaceful as they appear on the surface and as government officials have been saying they are. Treasury Secretary Janet Yellen told a banking group this week financial conditions were stabilizing.Powell also acknowledged that the failure of Silicon Valley Bank (SVB) that sparked the wider crisis in the banking industry happened despite the engagement of the Fed’s supervisory regulators.Still rising: Fed hikes rates despite concerns over banking crisisHere’s a recap of the most import...

2 people died at a shopping mall in Pulaski County

Published Wed, 25 Dec 2024 19:58:52 GMT

ST. ROBERT, Mo. - Police are investigating the deaths of two people in St. Robert, located in Pulaski County, on Wednesday morning.According to Police Chief Curtis Curenton for the St. Robert Police Department, officers received a call around 9:56 a.m. at the Hidden Valley Plaza shopping mall about a crash that led to a disturbance.Curenton said officers found a 29-year-old man and a 33-year-old woman when they arrived on the scene. Both were pronounced dead. Police are not disclosing the identities of either victim until their next of kin is notified. Special prosecutor requested for child abuse case involving former Department of Corrections employee The cause of the crash is unknown at this moment. What led up to the incident is also unclear.The St. Robert Police Department partnered with the Department of the Army Criminal Investigation Division in this investigation.Additional details are limited at the time. FOX 2 will give updates as more information becomes available.

Nikola Jokic dazzles in front of adoring crowd as Nuggets knock off Wizards

Published Wed, 25 Dec 2024 19:58:52 GMT

WASHINGTON, D.C. – The five-city, two-country road trip ended here Wednesday night with more than a dozen Serbian flags surrounding the court from doting fans.In what occasionally sounded like a Nuggets home game, two-time reigning MVP Nikola Jokic gave some of his countrymen reason to cheer as he destroyed Washington’s meager defense. The Nuggets, following his lead, cruised to a convincing, 118-104 win, to cap their road trip at 3-2.Jokic ended the evening with 31 points, 12 rebounds, and seven assists, eventually subbing out with under three minutes remaining, perhaps to avoid any accusations of stat-padding.At 49-24 and 19-18 away from home, the Nuggets can finally take solace in that their longest remaining road trip of the year is over.Michael Porter Jr. buried six 3-pointers, as the Nuggets caught fire from beyond the arc. Denver shot 15 for 32 from 3-point range, overwhelming Washington’s scoring punch. Kristaps Porzingis had 25, but no other Wizard managed more than 16.Jama...

Trump lawyer ordered to turn over papers from Mar-a-Lago case

Published Wed, 25 Dec 2024 19:58:52 GMT

By Eric Tucker | Associated PressWASHINGTON — A federal appeals court in a sealed order Wednesday directed a lawyer for Donald Trump to turn over to prosecutors documents in the investigation into the former president’s retention of classified records at his Florida estate.The ruling is a significant win for the Justice Department, which has focused for months not only on the hoarding of classified documents at Mar-a-Lago but also on why Trump and his representatives resisted demands to return them to the government. It suggests the court has sided with prosecutors who have argued behind closed doors that Trump was using his legal representation to further a crime.The order was reflected in a brief online notice by a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit. The case is sealed, and none of the parties in the dispute is mentioned by name.But the details appear to correspond with a secret fight before a lower court judge over whether Tr...

$17K of sunglasses stolen in Napa; woman arrested

Published Wed, 25 Dec 2024 19:58:52 GMT

AMERICAN CANYON, Calif. (KRON) -- A woman was arrested on Tuesday after she allegedly stole 40 pairs of sunglasses, the American Canyon Police Department said on Facebook. The value of the sunglasses totaled more than $17,000. The sunglasses were taken from Sunglasses Hut at the Napa Outlets. The suspect left the store in a gray Infiniti and was later seen by ACPD driving southbound on Highway 29 near Green Island Road. Birds escape at Oakland Zoo after tree damages enclosure ACPD said the suspect originally followed officers' commands, but after officers stepped out of their vehicle, she sped off. She struck another driver and a guard rail, partially disabling her car.She was arrested by ACPD at Circle K at 112 Lombard Road in American Canyon. Police recovered the stolen sunglasses from her car. The suspect was identified as Melia Hughes, 21, of Pittsburg. She was arrested for evading an officer, grand theft, assault with a deadly weapon and resisting arrest. KRON ON is streamin...

PHOTOS: Steeple blown off church in Richmond

Published Wed, 25 Dec 2024 19:58:52 GMT

RICHMOND, Calif. (KRON) -- From downed trees to power outages, Tuesday's storms have significantly impacted many parts of the Bay Area. Richmond was no exception, and the winds in that city were able to blow a church steeple off its axis. VIDEO: Mountain lion spotted in Los Gatos, tranquilized at backyard of home The steeple at Ennis Chapel Church of God was blown off by the storms. Photos posted by Richmond firefighters (below) show the church tower moved to its side. Other photos show downed trees, including one that landed on a white Acura SUV.No serious injuries were reported from weather-related events, Richmond Firefighters Local 188 said. (Richmond Firefighters Local 188)(Richmond Firefighters Local 188)(Richmond Firefighters Local 188)(Richmond Firefighters Local 188)(Richmond Firefighters Local 188)KRON On is streaming news live now.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embe...

Ex-Raider tight end Moreau says he has Hodgkin lymphoma, stepping away from football

Published Wed, 25 Dec 2024 19:58:52 GMT

LAS VEGAS (KLAS) -- Tight end Foster Moreau, a solid performer for the Raiders this past season when starter Darren Waller was injured, said Wednesday on Twitter he is stepping away from football after being diagnosed with Hodgkin lymphoma.Moreau, an unrestricted free agent, said he was diagnosed with the form of cancer that affects the body's immune system during a routine physical conducted by the New Orleans Saints' staff during the NFL free agency period.Although Moreau played well in the absence of Waller, it was not clear whether he was going to be re-signed by the Raiders."I’ve come to learn that I have Hodgkin’s Lymphoma, and will be stepping away from football," he posted on Twitter. " ... time to fight a new opponent: Cancer. I’m grateful for the support and thankful for people who have stood firm with me. There hasn’t been a single step I’ve taken without hundreds of people lighting the path before me, and I will continue to seek their guidance."That being said, I’ll go k...

Birds escape at Oakland Zoo after tree damages enclosure

Published Wed, 25 Dec 2024 19:58:52 GMT

OAKLAND, Calif. (KRON) -- Six birds escaped at the Oakland Zoo after a tree fell on their enclosure on Tuesday, the zoo said. None of the birds pose a threat to the public. Several trees fell on zoo grounds during the deadly storm. One tree fell into the zoo's newest aviary, damaging the mesh that keeps the birds inside. SFPD veteran sergeant seriously injured by fallen tree Some birds were taken to a veterinary hospital, but none were injured. Six birds flew threw the opening and into the zoo. The zoo did not specify which bird species got loose. The zoo said that staff members are taking nonstop shifts in an effort to retrieve the birds. People, zoo animals, and native wildlife are all not threatened. "We're confident we'll be able to recover all 6 soon," the zoo said. KRON ON is streaming news live now.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container ...

Manchester United sale: Deadline extended for 2nd bids

Published Wed, 25 Dec 2024 19:58:52 GMT

MANCHESTER, England (AP) — Bidders trying to buy Manchester United have been given more time to submit second offers for the iconic soccer team. The deadline for the latest round of bids had been set for 9 p.m. Wednesday, but American merchant bank Raine has agreed to an unspecified extension to allow interested parties to fine-tune their proposals. A person with knowledge of the process confirmed the extension. The person spoke on the condition of anonymity because they were not authorized to comment publicly.Sheikh Jassim bin Hamad Al Thani has outlined his intention to make a second offer for United and British billionaire Jim Ratcliffe is also expected to bid. Both submitted indicative offers last month.Sheikh Jassim, the chairman of Qatar Islamic Bank, has said he wants to return the club to the summit of the sport if he is successful in buying out current owners, the Glazer family.His latest bid will be made to Raine, another person with knowledge of the process said. The pers...

UAB sets program record for wins, advances to NIT semis

Published Wed, 25 Dec 2024 19:58:52 GMT

NASHVILLE, Tenn. (AP) — Jordan Walker had 21 points, seven rebounds and seven assists, Trey Jemison added 17 points and 12 rebounds and UAB beat Vanderbilt 67-59 on Wednesday night to advance to the NIT semifinals in Las Vegas.UAB (28-9) set a school record for most wins in a season, topping last year’s squad that advanced to the NCAA Tournament. The Blazers will play in the NIT semifinals for the third time in program history — with two third-place finishes.Vanderbilt pulled within 59-57 on a 3-pointer by Jordan Wright with 51.7 seconds left. But Walker raced the other way and lobbed it to Jemison for a dunk at 45.7 to regain a two-possession lead. Walker, who entered ranked fourth nationally in points per game at 22.6, made four free throws in the final 26 seconds to set a program record for points in a season.Eric Gaines added 14 points, seven rebounds and three steals for UAB. The Blazers went 3-0 against the SEC this season, beating Georgia 87-73 on Nov. 22 and South Caro...