Marketmind: Weighing up the global banking crisis

Marketmind: weighing up the global banking crisis - photo licensed by shore news network.

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asia’s economic data and policy calendar this week is light, which is perhaps just as well because investors’ focus is firmly fixed elsewhere – the global banking crisis and what it means for growth, markets, and policy. Some … Read more

Marketmind: UBS-Credit Suisse deal sealed. Is it enough?

Marketmind: ubs-credit suisse deal sealed. Is it enough? - photo licensed by shore news network.

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Buckle up. Asian markets are set for a volatile open on Monday after Swiss authorities said UBS is taking over Credit Suisse, a forced merger investors hope will ease the strain on the global banking system and avert … Read more

Swiss lawmakers tell Credit Suisse to clean up its act, seek to ringfence crisis

Swiss lawmakers tell credit suisse to clean up its act, seek to ringfence crisis - photo licensed by shore news network.

By Alexandra Hudson and Tom Sims ZURICH (Reuters) – Swiss lawmakers on Friday vowed to bring those responsible for Credit Suisse’s problems to account and urged it to clean up its act after years of scandals, as they sought to contain the crisis and limit any reputational damage to the country. Credit Suisse, Switzerland’s second … Read more

Marketmind: This is what a relief rally looks like

Marketmind: this is what a relief rally looks like - photo licensed by shore news network.

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Market sentiment can be pretty gloomy in a financial crisis. So when national authorities offer, approve or backstop gargantuan funding and rescue packages worth hundreds of billions of dollars, investors are entitled to get a little bit excited. … Read more

Wall Street sells shares, Treasuries to end fraught February

Wall street sells shares, treasuries to end fraught february - photo licensed by shore news network.

By Lawrence Delevingne and Samuel Indyk (Reuters) – Wall Street indexes and global equities slid further on Tuesday, and bonds wrapped up a difficult month by holding their elevated yields, as more evidence of stubborn inflation added to expectations that central banks will keep rates high. The optimism that drove shares up and global bond … Read more

Marketmind: U.S.-China crisis?

Marketmind: u. S. -china crisis? - photo licensed by shore news network.

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Traders in Asia can expect a choppy start to the week as they absorb Friday’s sell-off on Wall Street following a freakishly strong U.S. jobs report and heightened geopolitical tensions after a U.S. fighter jet shot down a … Read more

Stocks fall, U.S. yields climb as central bank hikes awaited

Stocks fall, u. S. Yields climb as central bank hikes awaited - photo licensed by shore news network.

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks retreated on Monday after six sessions of gains while U.S. Treasury yields rose ahead of central bank policy announcements and data that may shed light on whether progress has been made in bringing down inflation. Investors widely expect the Federal Reserve will raise … Read more

Child luring suspect sought in Newark

Newark public safety director fritz g. Fragé requests the public’s help with identifying the below-pictured suspect, who was captured on surveillance video attempting to lure an 8-year-old child away from a gas station convenience store on december 13, 2022.

NEWARK, NJ – The Newark Police Department is asking the public to help identify an alleged child luring suspect stemming from an incident that took place at a gas station convenience store last week. Fritz G. Fragé, the Director of Newark Public Safety, requests the public’s assistance in identifying a suspect seen in the surveillance … Read more

North Korea slams Japan’s military buildup, U.S. flies stealth jets

North korea slams japan's military buildup, u. S. Flies stealth jets - photo licensed by shore news network.

By Soo-hyang Choi and Hyonhee Shin SEOUL (Reuters) -North Korea on Tuesday condemned a Japanese military buildup outlined in a new security strategy, calling it dangerous and vowing counteractions, while also warning of another imminent test of an intercontinental ballistic missile. Japan last week announced its biggest military build-up since World War Two as tension … Read more

U.S. calls for U.N. Security Council president’s statement on North Korea missiles

U. S. Calls for u. N. Security council president's statement on north korea missiles - photo licensed by shore news network.

(Reuters) – The United States called on Monday for a United Nations Security Council presidential statement to hold North Korea accountable for its missile tests after Pyongyang’s launch last week of an intercontinental ballistic missile capable of reaching the U.S. mainland. The U.S. ambassador to the United Nations, Linda Thomas-Greenfield said it was vital the … Read more

Global stocks slip, dollar steady as retail sales tip Fed outlook

Global stocks slip, dollar steady as retail sales tip fed outlook - photo licensed by shore news network.

By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -Global stocks slid from two-month highs and the safe-haven dollar steadied on Wednesday after stronger-than-expected U.S. retail sales clouded the inflation outlook and hopes that the Federal Reserve could ease its aggressive interest rate hikes. Stocks overnight in Asia pared losses after Poland’s president said a … Read more

Bristow Man Convicted of 2018 Murder in Jenks

Bristow man convicted of 2018 murder in jenks - photo licensed by shore news network.

A federal jury convicted a Bristow man Wednesday for murdering a former girlfriend’s new dating partner in 2018, announced U.S. Attorney Clint Johnson. Justin Dale Little, 29, was found guilty of first degree murder in Indian Country.   On April 22, 2018, at noon, victim Jonathon Weatherford was found deceased on the train tracks in … Read more

Stocks in Asia rise on China reopening hopes

Stocks in asia rise on china reopening hopes - photo licensed by shore news network.

By Ankur Banerjee SINGAPORE (Reuters) – Asian equities surged on Friday and were set for their first weekly gain in a month, as renewed hopes that China will relax its strict COVID measures spurred a rally in riskier assets. MSCI’s broadest index of Asia-Pacific shares outside Japan was 2.07% higher on the day, with China’s … Read more

Wall Street stocks ease; investors weigh chance of Fed rate hike slowdown

Wall street stocks ease; investors weigh chance of fed rate hike slowdown - photo licensed by shore news network.

By Caroline Valetkevitch NEW YORK (Reuters) – Wall Street stocks fell on Tuesday while Treasury yields dipped as investors speculated whether the U.S. Federal Reserve may hint at a slower pace of policy tightening this week. Data showing U.S. job openings unexpectedly rose in September and suggesting that demand for labor remains strong supported the … Read more

Watch: Innocent man detained, at gunpoint handcuffed after witness spots ‘rifle’ in car in Lakewood

Lakewood police dept.

LAKEWOOD, NJ – A man was arrested by Lakewood police officers and handcuffed after a witness called 911 to report a ‘rife’ that fell out of his car in the area of Clifton Avenue. Reports filled Lakewood blog sites that an armed man was chased through downtown Lakewood carrying a rifle. It turns out the … Read more

Japan’s stealth yen intervention aims for maximum impact – finance minister

Japan's stealth yen intervention aims for maximum impact - finance minister - photo licensed by shore news network.

By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japan’s currency interventions have been stealth operations in order to maximise the effects of its forays into the market, Finance Minister Shunichi Suzuki said on Tuesday, after the government spent a record $43 billion supporting the yen last month. Bank of Japan Governor Haruhiko Kuroda, however, reiterated … Read more

Marketmind: Policy peak?

Marketmind: policy peak? - photo licensed by shore news network.

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever First Australia, now Canada. Who’ll be next to blink on interest rates? The Bank of Canada on Wednesday raised rates by 50 basis points, less than the 75 bps markets had expected. This surprise mirrored the Reserve Bank … Read more

Video: Owners charged after police shoot their aggressive dog in Keyport

Video: owners charged after police shoot their aggressive dog in keyport - photo licensed by shore news network.

KEYPORT, NJ – The Monmouth County Prosecutor’s Office has determined that a dog on the loose in Keyport was acting aggressively upon their arrival. That interaction between the Keyport Police Department and the dog ended with the dog getting shot. After the story went viral, the prosecutor’s office released the 911 call made during police … Read more

Global shares rise; Sterling rallies as dollar retreats

Global shares rise; sterling rallies as dollar retreats - photo licensed by shore news network.

By Chris Prentice and Elizabeth Howcroft WASHINGTON/LONDON (Reuters) -Wall Street continued its advance on Tuesday as weak data stoked hopes the Federal Reserve will slow its aggressive pace of interest rate hikes and European shares notched a second day of gains as better-than-expected earnings offset economic worries. Sterling rallied to a six-week high as Rishi … Read more

Woman uses dog to steal car, then runs dog over, killing it

Woman uses dog to steal car, then runs dog over, killing it - photo licensed by shore news network.

Severna Park, MD- A bizarre incident unfolded Friday morning in Severna Park where a woman used a small dog in order to steal a car and then ran the dog over. The ordeal began at around 9:15 a.m. Friday morning when police responded to a suspicious person call on Leelyn Drive. A 911 caller reported … Read more

Newark police make arrest after 16-year-old shows up with to school with loaded gun

Newark police make arrest after 16-year-old shows up with to school with loaded gun - photo licensed by shore news network.

Newark, DE – The Newark police department arrested and charged a 16-year-old male after he was caught bringing a loaded gun to Newark High School on Thursday. Police Department school resource officers assigned to the school were notified of a disturbance in the building where there was a report of subjects trying to enter the … Read more

Japan’s JOGMEC to support ‘blue’ hydrogen, ammonia projects

Japan's jogmec to support 'blue' hydrogen, ammonia projects - photo licensed by shore news network.

TOKYO (Reuters) – State-run Japan Oil, Gas and Metals National Corp (JOGMEC) will provide financial and technological support to Japan Inc’s ‘blue’ hydrogen and ammonia projects using carbon dioxide capture and storage (CCS), a company executive said on Tuesday. Japan’s parliament in May passed a bill to allow JOGMEC to finance hydrogen, ammonia and CCS … Read more

Elderly woman assaulted in broad daylight attack in Midtown Manhattan

Elderly woman assaulted in broad daylight attack in midtown manhattan - photo licensed by shore news network.

New York, NY- a 70-year-old woman was assaulted while walking down Madison Ave near E 52nd St at around 11:00 AM on Wednesday. She was approached by a stranger who punched her iI the face without saying a word, according to police and a video released by the New York City Police Department. The attack … Read more

Man Struck, Left to Die by Hit and Run Driver in Columbia

Man struck, left to die by hit and run driver in columbia - photo licensed by shore news network.

COLUMBIA, MD – A Maryland man was struck and killed by a hit and run driver in Columbia overnight Wednesday into Thursday. According to a police investigation, detectives have determined the suspect vehicle is likely a 2015-2018 Volkswagen Jetta, unknown color, with damage to the driver side front end. A reward of up to $5,000 … Read more

Woman Robbed at Gunpoint While Walking Dog Near Philadelphia Museum of Art, Bystander Shot at

Woman robbed at gunpoint while walking dog near philadelphia museum of art, bystander shot at - photo licensed by shore news network.

PHILADELPHIA, PA – A woman walking a dog was robbed at gunpoint just two blocks north of the Philadelphia Museum of Modern Art two weeks ago and now police have released video surveillance footage of the suspect. In an attempt to identify the gunman, police are asking residents to call them if they can help … Read more

16-Year-Old With Gun Arrested After Police Chase in Atlantic City

16-year-old with gun arrested after police chase in atlantic city - photo licensed by shore news network.

ATLANTIC CITY, NJ – Police arrested a 16-year-old male who gave chase to officers through an alleyway after responding to a 911 call regarding an armed suspect pointing a gun at another person. “At 9:46 PM, police communications received information regarding a group of three males confronting a passerby in the 2900 block of Milano … Read more

Suspected Overdose Victim was Shot and Killed, Pittsburgh Police Report

Pittsburgh police car. File photo.

Pittsburgh, PA – A man found slumped over in his car was given Narcan by a passing good samaritan who believed he was suffering from a drug overdose, but when police arrived they quickly learned Narcan wasn’t going to work. Just after midnight, Pittsburgh Police from Zone 2 were dispatched to the intersection of Vine … Read more

Fire Marshals Say Vehicle Fire in LaValle Caused by Arsonist

Fire marshals say vehicle fire in lavalle caused by arsonist - photo licensed by shore news network.

LaValle, MD – Witnesses reported a male suspect fleeing the scene of a vehicle fire on Thursday in LaValle and now fire marshals are investigating the incident as an arson investigation. Deputy State Fire Marshals are asking for assistance identifying a person who was seen running from the area of an early Thursday morning vehicle … Read more

Firebug Charged for Setting Multiple Fires in Hampstead

Fire

HAMPSTEAD, MD – A man accused of setting four fires in less than eight hours in Hampstead Thursday night has been arrested and charged. Wesley C. England, 33, was located by Hampstead Police Department, Maryland just minutes after he was found walking from the last of the fires he is accused of setting. Police reported … Read more

Companies cut spending, jobs as outlook grows less certain

Companies cut spending, jobs as outlook grows less certain - photo licensed by shore news network.

By Medha Singh (Reuters) – Executives at electric car marker Tesla, drug maker Novartis and retailer Bed Bath and Beyond are cutting spending or jobs while others are shelving projects or deals as inflation rages and confidence in the world economy wanes. Manufacturing growth is slowing worldwide as China’s COVID-19 curbs and Russia’s invasion of … Read more

Two Mexicans charged after death of 51 migrants in sweltering Texas truck

Two mexicans charged after death of 51 migrants in sweltering texas truck - photo licensed by shore news network.

By Jason Buch, Julio-Cesar Chavez and Ted Hesson SAN ANTONIO, Texas -At least 51 migrants have died after being trapped inside a sweltering tractor-trailer truck found abandoned in Texas, authorities said on Tuesday, as two Mexican nationals tied to the unprecedented smuggling tragedy were charged in U.S. federal court. The deceased migrants, 39 men and … Read more

Howard County Police Seeking White Jeep Wrangler Involved in Fatal Hit and Run

Howard county police seeking white jeep wrangler involved in fatal hit and run - photo licensed by shore news network.

ELLICOTT CITY, MD – The Howard County Police Department is seeking the public’s help in locating a white Jeep Wrangler identified in a fatal hit and run that took place on Sunday. The vehicle could be showing damage caused by the crash. Body shops in the area should also be on the alert for a … Read more

Cop Impersonator Coerced Two Juveniles to Fight Each Other in Willingboro

Cop impersonator coerced two juveniles to fight each other in willingboro - photo licensed by shore news network.

WILLINGBORO, NJ – Police are investigating a report of a man impersonating a police officer in the community. According to the department, on Friday, at approximately 2:15 PM a thin-built, light skin black male wearing a yellow bandanna, white V-neck style T-shirt, blue basketball shorts, and unknown tattoos on his chest and arms coerced two … Read more

Queens Rape Suspect Who Fled to Georgia Gets 10 Year Prison Sentence

QUEENS, NY – DNA evidence helped Queens District Attorney Melinda Katz’s team tie Rony Lopez Alvarez, 39 to a 2020 rape in a dark New York City alley. Katz today reported that Lopez Alvarez has been sentenced to 10 years in prison after pleading guilty to rape in the first degree. The defendant attacked a … Read more

Japan’s Nikkei seen rising 7% to 29,000 by year-end, erasing 2022 losses: Reuters poll

Japan's nikkei seen rising 7% to 29,000 by year-end, erasing 2022 losses: reuters poll - photo licensed by shore news network.

By Kevin Buckland TOKYO – Japan’s Nikkei share index, which has had a rollercoaster ride in the past year, is forecast to climb over 7% to 29,000 by end-2022, a level last seen at the start of January, according to analysts in a Reuters poll. Japan stocks have closely followed the fortunes of Wall Street … Read more

NYC Homeless Man Arrested After Kidnapping and Assaulting Woman in Abandoned Building for Five Days

Nyc homeless man arrested after kidnapping and assaulting woman in abandoned building for five days - photo licensed by shore news network.

NEW YORK, NY – A Bronx Man was indicted Monday after it was learned that he had kidnapped a woman and assaulted her over a five-day period in an abandoned building in Kingsbridge. Bronx District Attorney Darcel D. Clark today announced that Timothy Harnett, AKA Lawless, 44, who is homeless, has been indicted for kidnapping … Read more

Dallas Man Convicted of Sex Trafficking

Dallas man convicted of sex trafficking - photo licensed by shore news network.

A Dallas man pleaded guilty yesterday to running a brutal sex trafficking ring for nearly two decades, announced U.S. Attorney for the Northern District of Texas Chad E. Meacham. Anthony Johnson, 45, pleaded guilty to conspiracy to commit sex trafficking through force, fraud, and coercion, and sex trafficking on May 10, narrowly avoiding his trial, … Read more

Queens Rape Suspect Captured in Georgia Pleads Guilty in Court

Queens rape suspect captured in georgia pleads guilty in court - photo licensed by shore news network.

NEW YORK, NY (PRESS RELEASE) – Queens District Attorney Melinda Katz announced today that Rony Lopez Alvarez, 39, has pleaded guilty to rape in the first the first degree. The defendant attacked a woman, dragged her into a dark alley and raped her in 2020. The defendant fled the state but was caught in Georgia … Read more

Madison Man Sentenced to 4 Years for Illegal Gun Possession

Madison man sentenced to 4 years for illegal gun possession - photo licensed by shore news network.

MADISON, WIS. – Timothy M. O’Shea, United States Attorney for the Western District of Wisconsin, announced that Tyrone L. Jackson, 55, Madison, Wisconsin was sentenced today by Chief U.S. District Judge James D. Peterson to 4 years in federal prison for possessing a firearm in a school zone. This prison term will be followed by … Read more

New London Man Sentenced to 4 Years in Federal Prison for Firearm Offense

New london man sentenced to 4 years in federal prison for firearm offense - photo licensed by shore news network.

Leonard C Boyle, United States Attorney for the District of Connecticut, today announced that on April 15, 2022, TERRENCE BEDDOE, 42, of New London, was sentenced by U.S. District Judge Janet C. Hall in New Haven to 48 months of imprisonment, followed by three years of supervised release, for a firearm offense. According to court … Read more

China uses AI software to improve its surveillance capabilities

China uses ai software to improve its surveillance capabilities - photo licensed by shore news network.

By Eduardo Baptista BEIJING – Dozens of Chinese firms have built software that uses artificial intelligence to sort data collected on residents, amid high demand from authorities seeking to upgrade their surveillance tools, a Reuters review of government documents shows. According to more than 50 publicly available documents examined by Reuters, dozens of entities in … Read more

Fire Breaks Out In Jackson At New Apartment Complex Under Construction

Fire breaks out in jackson at new apartment complex under construction - photo licensed by shore news network.

JACKSON, NJ – In the frigid midnight hour early this morning, multiple officers raced to The Paragon apartment complex on the corner of North New Prospect and Larsen Road after a concerned passerby reported that one of the buildings, which is under construction, was on fire. Officers reported flames shooting up from all three floors … Read more

Staten Island man gets 25 years for death of off-duty New York City firefighter in fit of road rage

Staten island man gets 25 years for death of off-duty new york city firefighter in fit of road rage - photo licensed by shore news network.

STATEN ISLAND, NY – A Staten Island man is heading to prison for 25 years to life after being convicted and sentenced for killing an off-duty firefighter after a fender bender on the Belt Parkway. According to Brooklyn District Attorney Eric Gonzalez, Joseph Desmond, 33, has been sentenced to 25 years to life in prison … Read more

Nearly 50 pounds of heroin washed ashore at Florida wildlife refuge

Nearly 50 pounds of heroin washed ashore at florida wildlife refuge - photo licensed by shore news network.

WABASSO, FL – A visitor at a wildlife preserve in Florida found a 45-pound bag of heroin that washed ashore near Pelican Island Wiled Life Refuge. “A drug dealer is missing 45 pounds of heroin after a garbage bag washed up near Pelican Island National Wildlife Refuge,” the Indian River Sheriff’s Office reported. “The drugs … Read more

LAPD seeking to identify hit and run suspect who killed 40-year-old man

Lapd seeking to identify hit and run suspect who killed 40-year-old man - photo licensed by shore news network.

Los Angeles:  Detectives from the Los Angeles Police Department’s South Traffic Division are asking for the public’s help in identifying the suspect responsible for a hit-and-run traffic collision that killed a 40-year-old man. On Sunday, February 6, 2022, around 7:10 a.m., the Los Angeles Fire Department received a 9-1-1 call of a cardiac arrest victim laying … Read more