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Stock market today: Asia sinks after a survey shows China’s industrial activity is weakening

Published Wed, 05 Mar 2025 02:04:11 GMT

BEIJING (AP) — Asian stock markets sank Wednesday after a measure of Chinese service industry activity fell to its lowest level this year.Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices were mixed.U.S. markets were closed Tuesday for a holiday.A service industry index by a leading Chinese business magazine, Caixin, weakened sharply in June, adding to signs China’s recovery following the end of anti-virus controls is cooling. Growth in factory activity also slowed.“Without policy support, there’s a risk that weakening growth expectations could become self-fulfilling,” said Stephen Innes of SPI Asset Management in a report.The Shanghai Composite Index fell 0.6% to 3,225.68 and the Hang Seng in Hong Kong sank 1.4% to 19,147.37.Caixin’s purchasing managers’ index for services fell to 53.9 from May’s 57.1 on a 100-point scale on which numbers above 50 show activity increasing.Tokyo’s Nikkei 225 lost 0.4% to 33,277.33 and the Kospi in Seoul retrea...

Huntington Beach Fourth of July celebrations draw thousands

Published Wed, 05 Mar 2025 02:04:11 GMT

Thousands gathered in Huntington Beach for one of the largest Fourth of July celebrations in California Tuesday night. Over one of the hottest holiday weekends, many people opted to keep things cool by heading to the beach, and in Orange County, four days of Independence Day festivities attracted close to 500,000 people.  Organizers of the Huntington Beach celebration say it’s the largest Fourth of July celebration west of the Mississippi, and for many people, attending is a family affair.  “We’ve been coming here since I was little,” Jose Montenegro told KTLA. “I grew up in Santa Ana, so when [my daughter] was born, we just started bringing her and it became tradition.”  Jasmine, Montenegro’s daughter, was quick to explain her favorite part of the fireworks show.  “It’s because I love them popping out of the sky,” she said.  Adam Ligorria and his extended family drove two hours from Riverside specifically for the show’s finale fireworks by the pier with a front-row o...

WATCH: Mayor Breed lights up Sutro Tower from KRON4 deck

Published Wed, 05 Mar 2025 02:04:11 GMT

SAN FRANCISCO (KRON) -- San Francisco Mayor London Breed appeared live on KRON4's 4th of July special to light up the Sutro Tower on its 50th birthday. You can watch the moment using the video player above. Corpse flower blooms at SF Conservatory of Flowers Multi-colored lasers at the base of the iconic San Francisco television and radio tower spawned a "sea of lights" from Twin Peaks. The installation, called “loveAbove,” was created by Illuminate.The lights will be visible in San Francisco from Tuesday through Saturday. The idea for Sutro Tower was conceived in the mid-1960s. Local television stations created the 977-foot tower to improve reception throughout the Bay Area. It stands southeast of San Francisco's Mount Sutro.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 embed { position: absolute; top: 0; left: 0; wi...

3-acre grass fire burns in Walnut Creek

Published Wed, 05 Mar 2025 02:04:11 GMT

(KRON) -- The Contra Costa Fire Protection District responded to a three-acre grass fire Tuesday night. The fire is in the area of 1900 Whitecliff Way in Walnut Creek. Officials believe it was started by fireworks. At 10:18 p.m., officials tweeted that forward progress on the fire had been stopped. There were no evacuations necessary and no structures were threatened. The public is asked to avoid the area to allow access to fire crews.

Autoridades mexicanas realizan otro arresto en el secuestro de estadounidenses en Matamoros

Published Wed, 05 Mar 2025 02:04:11 GMT

(CNN) — Las autoridades mexicanas detuvieron a una persona más en relación con el secuestro de cuatro estadounidenses en Matamoros, México, a principios de este año.La Procuraduría General de Justicia del estado mexicano de Tamaulipas anunció este lunes en Twitter la detención de José Ángel “H”.#FGJT_Informa El Agente del Ministerio Público, adscrito a la #UECS, obtuvo vinculación a proceso en contra de José Ángel “H” por el delito de Secuestro Agravado, registrado el 03 de marzo de 2023, en la colonia Modelo en #Matamoros, #Tamaulipas. #NoImpunidad pic.twitter.com/7dhQP7vtNf— Fiscalía General de Justicia de Tamaulipas (@FGJ_Tam) July 4, 2023Cuatro estadounidenses fueron secuestrados en Matamoros el 3 de marzo. LaTavia Washington McGee y Eric Williams sobrevivieron al secuestro, mientras que Shaeed Woodard y Zindell Brown fueron asesinados.Antes de esta última detención, las autoridades mexicanas habían arrestado al menos a seis personas en el caso del ...

MLS record crowd of 82,110 at the Rose Bowl sees Riqui Puig lead Galaxy to 2-1 win over LAFC

Published Wed, 05 Mar 2025 02:04:11 GMT

PASADENA, Calif. (AP) — Riqui Puig had a goal and an assist as the LA Galaxy defeated Los Angeles Football Club 2-1 Tuesday night before an MLS single-game record crowd 82,110 at the Rose Bowl.The 18th edition of the LA rivalry known as El Trafico broke the previous record of 74,479, which was set last year when Charlotte FC played its first home game against the Galaxy. It was originally scheduled for Feb. 25 as the showcase game on the first day of the MLS regular season. It was postponed though due to heavy rain and wind in Southern California. Puig assisted on Tyler Boyd’s goal in the 26th minute and then had the go-ahead score in the 73rd minute for the Galaxy, who are unbeaten in their last six matches with two wins and four ties.LAFC’s goal came from Ilie Sanchez in the 57th minute. The defending MLS Cup champions have dropped three straight and five of their last seven.Douglas Costa was near midfield when he sent a pass up the left side, where Boyd chased it down...

Fireworks prompt Code Purple, ‘Hazardous’ air quality alerts for part of DC region

Published Wed, 05 Mar 2025 02:04:11 GMT

The National Mall fireworks show attracted thousands to D.C. and lit up the Tuesday night sky in a beautiful display, but it also left lingering smoke and triggered air quality alerts.“Code Purple” air spread into Prince George’s County, Maryland, on Tuesday night. “Code Red” air stretched across more of Southern Maryland and into Fairfax and Arlington counties and the city of Alexandria in Virginia, according to AirNow.Here’s a chart explaining the Air Quality Index and its corresponding alerts:At least part of D.C. reached “Hazardous” levels of air pollution, which is the most serious alert in the Air Quality Index. (Courtesy AirNow.gov)“We’re looking at some very unhealthy levels across parts of our area. There’s no fireworks display that was bigger than what was happening over D.C., and with the winds being out of the west and southwest, we’re seeing some of the fine particle pollutants being carried into No...

Sunak hits back at net zero critics

Published Wed, 05 Mar 2025 02:04:11 GMT

Presented by SSE By CHARLIE COOPER and RUSSELL HARGRAVE PRESENTED BY View in your browser or listen to audioSNEAK PEEK— Rishi Sunak isn’t worried about the U.K. falling behind the EU and the U.S. on green investment. So that’s fine.— The global hydrogen race is hotting up — and British businesses don’t want the U.K. to miss out.— Outgoing CCC Chair John Gummer is speaking to a Lords committee today. We have a few more choice insights from our interview with him.Good Wednesday morning and welcome to POLITICO Pro Morning Energy and Climate UK. If you are not already a Pro subscriber and would like a free trial of this newsletter, sign up here.DRIVING THE DAYWHAT RISHI DID NEXT: The PM was up before the Liaison Committee Tuesday afternoon — the so-called super group of senior MPs — where he was grilled on the U.K.’s green goals and net zero leadership. Environmental Audit Committee Chair Philip Dunne was questioner-in-...

Australian leader criticizes Hong Kong’s attempt to arrest 2 activists who now live in Australia

Published Wed, 05 Mar 2025 02:04:11 GMT

CANBERRA, Australia (AP) — Australian Prime Minister Anthony Albanese on Wednesday criticized Hong Kong authorities over their pursuit of two pro-democracy activists who live in Australia.Hong Kong’s leader said Tuesday that eight pro-democracy activists who now live in the United States, Britain, Canada and Australia will be pursued for life for alleged national security offenses, dismissing criticism that the move to have them arrested was a dangerous precedent.Albanese said his government was concerned and disappointed by Hong Kong authorities issuing arrest warrants for Australian citizen Kevin Yam and Australian permanent resident Ted Hui.“I am of course disappointed. I’ve said we’ll cooperate with China where we can. But we will disagree where we must. And we do disagree with China with these actions,” Albanese told Australian Broadcasting Corp.The U.S. and British governments also criticized the move, taking issue with the extraterritorial application of Hong Kong’s Nat...

China accuses US of turning Taiwan into a powder keg with its latest sales to self-governing island

Published Wed, 05 Mar 2025 02:04:11 GMT

BEIJING (AP) — China’s Defense Ministry accused the United States of turning Taiwan into a powder keg Wednesday with its latest sales of military equipment to the self-governing island democracy worth a total of $440.2 million. The U.S. State Department approved of the sale of 30 mm ammunition and related equipment, along with spare parts for Taiwan’s vehicles, small arms, combat weapon systems, and logistical support items. Defense Ministry spokesperson Col. Tan Kefei responded that “the U.S. ignores China’s core concerns, crudely interferes in China’s internal affairs, and deliberately escalates tensions across the Taiwan Strait.”China claims Taiwan as its own territory to be conquered by force if necessary and Tan said “stern representations” had been lodged with the U.S. “This is tantamount to accelerating the transformation of Taiwan into a ‘powder keg’ and pushing the Taiwanese people into the abyss of disaster,” he said in a statement carried on the mi...