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Bank fears spread to Europe, drag down shares of big lenders

Published Tue, 05 Nov 2024 14:06:29 GMT

GENEVA (AP) — Fears about the world banking system spread to Europe on Wednesday as shares in the globally connected Swiss bank Credit Suisse plunged and dragged down other major European lenders in the wake of bank failures in the United States.At one point, Credit Suisse shares lost more than a quarter of their value, hitting a record low after the bank’s biggest shareholder — the Saudi National Bank — told news outlets that it would not put more money into the Swiss lender, which was beset by problems long before the U.S. banks collapsed.The turmoil prompted an automatic pause in trading of Credit Suisse shares on the Swiss market and sent shares of other European banks tumbling, some by double digits. That fanned new fears about the health of financial institutions following the recent collapse of Silicon Valley Bank and Signature Bank in the U.S.Speaking Wednesday at a financial conference in the Saudi capital of Riyadh, Credit Suisse Chairman Axel Lehmann defended the ba...

Brighton Police: 1 person shot, schools on secure status

Published Tue, 05 Nov 2024 14:06:29 GMT

BRIGHTON, Colo. (KDVR) -- One person has been shot and the Brighton Police Department has put several schools on secure status, the department said.Police responded near South 9th Avenue and Bush Street after receiving reports of shots fired. Brighton Police tweeted that there is "possible student involvement.""The following schools have been placed on SECURE in connection to police response to a shooting in Brighton this afternoon: Brighton High, Vikan Middle, Prairie View High and Middle, South, Southeast Elementary schools, I&O, Bright Beginnings," a tweet from 27J schools said. Minutes later, the district tweeted: "A Lockdown was initiated at Prairie View High School in connection to the previous Secure."Additional schools have been placed on secure, 27J said: "We have placed multiple, additional schools on Secure out an abundance of caution. Schools that have been placed on Secure now include Northeast Elementary, Overland Trail, Thimmig Elementary, and Henderson Elementary...

NBA player suspended over gun incident at Colorado strip club

Published Tue, 05 Nov 2024 14:06:29 GMT

DENVER (KDVR) -- Memphis Grizzlies guard Ja Morant has been suspended eight games after video showed him with a gun at a Colorado strip club.The incident took place at Shotgun Willie's in Glendale on March 3 after the Grizzlies lost to the Denver Nuggets.The video showed Morant at the club dancing and he appeared to have a gun in his possession during it. The NBA said his suspension is for "conduct detrimental to the league," according to the Associated Press. No charges for Ja Morant in alleged gun incident at Shotgun Willie’s Morant has not played in the past five games, and they will be counted toward his suspension. He will be eligible to return Monday when the Grizzlies play Dallas. In total, the suspension means he 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 youn...

Police place 2 subjects in custody after pursuit ends in Davie

Published Tue, 05 Nov 2024 14:06:29 GMT

A police pursuit came to an end in Davie.Police apprehended two subjects at 1799 S. University Drive, Wednesday afternoon. The pursuit started in Plantation. It remains unclear why police were after the two subjects. Please check back on WSVN.com and 7News for more details on this developing story.

Pedestrian struck by vehicle in Miami, several blocks closed

Published Tue, 05 Nov 2024 14:06:29 GMT

Police have closed down several blocks in Miami after a car struck a pedestrian.Miami Police responded to the scene, at around 3 p.m., Wednesday.Due to the incident, police have temporarily closed North Miami Avenue to Northeast First Avenue, from 79th Street to 82nd Terrace. The condition of the pedestrian and the driver remains unknown.Please check back on WSVN.com and 7News for more details on this developing story.

Former NATO Chief: Trump Could Sabotage the War

Published Tue, 05 Nov 2024 14:06:29 GMT

Anders Fogh Rasmussen, the former secretary-general of NATO, packs his prognosis for Donald Trump’s 2024 campaign into one loaded word.“I think President Trump will be a loser,” he tells me.It is a notoriously triggering term for the former president, evoking deep humiliation. Rasmussen uses it casually.“His baggage is too heavy, too controversial,” says Rasmussen, 70, who was Denmark’s prime minister for most of this century’s first decade.Yet Rasmussen, a right-of-center politician who is now a white-shoe international consultant, remains scared of Trump. What disturbs him more immediately than the idea of Trump back in the White House is a far likelier scenario: Trump winning the Republican presidential nomination.It may seem counterintuitive to fear Trump’s nomination more than his return to power, a less probable but vastly more dangerous outcome. But Rasmussen’s mind is on the war in Ukraine — and what Trump’s candidacy might do to sabotage it.The former NATO chief serves as a...

Cheez-It and Pringles company gets a new name

Published Tue, 05 Nov 2024 14:06:29 GMT

(CNN) — Kellogg has picked a name for its new spinoff companies. They sound a lot like their old names, but with a new spin.The unit that houses its snacks, including Cheez-It and Pringles, plus its international cereal brands and plant-based foods will be called “Kellanova.” And its North American cereal business, which includes Frosted Flakes and Froot Loops, will be called “WK Kellogg Co.,” the company announced Wednesday.Kellogg announced last year that it was splitting into three different companies to “better position each business to unlock its full potential.” However, it revealed last month that it wasn’t spinning off its plant-based foods unit, which includes MorningStar Farms brand, but housing it within its more profitable snacking business, “Kellanova.”Kellogg explained the reasoning behind the more peculiar name, “Kellanova,” saying that the “Kell” part “overtly recognizes...

NASA and Axiom unveil spacesuits astronauts will wear on the moon

Published Tue, 05 Nov 2024 14:06:29 GMT

(CNN) — NASA and Texas-based company Axiom Space have revealed a new spacesuit design — and it could be these very suits that are eventually worn by the first woman and person of color to walk on the moon.The spacesuits unveiled by Axiom Space at Space Center Houston on Wednesday are prototypes, though the company says it will be delivering spacesuits that can be used for astronaut training by late summer. The company won a contract last year to produce the suits for NASA.The new design, which looked black with blue and orange detailing for the unveiling, appeared to take on a vastly different aesthetic than the puffy white suits worn by moonwalkers of the 20th century. However, Axiom Space noted in a news release that its suits are covered in an extra layer — bearing the company’s colors and logo — for display purposes.An image of the AxEMU spacesuit Axiom Space was unveiled on March 15. Credit: Courtesy AxiomThe actual spacesuits worn by astronauts must be white “...

Hikers rescued after getting stranded in Mount Washington State Forest during storm

Published Tue, 05 Nov 2024 14:06:29 GMT

Two hikers had to be rescued overnight this week after heavy snow left them stranded in Mount Washington State Forest near Massachusetts’ borders with Connecticut and New York, the Massachusetts State Police announced. Police said a call came in around 7:45 p.m. Tuesday after one of the hikers called 911. The hiker told officials he and his friend had gone for a hike on the Alander Trail. With bad weather and darkness, he said, he and his friend were unable to see trail markings. The hiker said he and his friend couldn’t continue to a cabin they were originally headed to. State police said they also couldn’t retrace their steps out of the forest as snow had covered their tracks. Police said officials assembled a search and rescue team with personnel from multiple agencies, plotting the hiker’s location and assembling at a command post at the Egremont Fire Department on Route 23. State police said crews had to clear roads between the command post and an entrance to the...

Murder warrant issued for suspect sought after stabbing death of 79-year-old Malden man

Published Tue, 05 Nov 2024 14:06:29 GMT

Authorities are continuing their search for a 33-year-old man wanted in connection with the stabbing death of a victim in Malden.In a joint statement on Wednesday, Middlesex District Attorney Marian Ryan and Malden Chief of Police Glenn Cronin announced that a murder warrant had been issued for Dion Smith of Boston, in addition to another warrant issued weeks prior.The warrants came after police first discovered the body of 79-year-old Ronald Gilbert back in February. The Malden resident was found on Feb. 22 after police were called to his apartment on Kennedy Drive over reports of an odor coming from his unit.RELATED: Police seek man for larceny in connection with Malden death investigationOfficers went on to find Gilbert, who’s body showed “obvious signs of decomposition,” according to the DA’s office. The Office of the Chief Medical Examiner later confirmed he had suffered over 30 stab wounds as investigators determined he died some time in late December 2...