Pohlads end search for Twins buyer, will add limited partners

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NEW YORK — Ten months after the Pohlad family announced it was exploring a sale of the Twins, the family has decided that it will instead retain control over the team that it has owned for four decades.

“After a detailed and robust process, our family will remain the principal owner of the Minnesota Twins,” executive chair Joe Pohlad said in a statement on behalf of the family.

Twins Executive Vice President for Brand Strategy and Growth Joe Pohlad during a fashion show to introduce the team’s new logo and uniforms at the Mall of America in Bloomington on Friday Nov. 18, 2022. (John Autey / Pioneer Press)

Instead of selling the team fully, the Twins will take on two “significant limited partnership groups, each of whom will bring a wealth of experience and share our family values,” Pohlad said in the statement.

The family has owned the Twins since 1984, when Carl Pohlad purchased it for $44 million. After his death, his son Jim took over as chairman in 2009. Joe, Carl’s grandson, has been the organization’s executive chair since November 2022.

“We see and hear the passion from our partners, the community, and Twins fans,” Pohlad said in the statement. “That passion inspires us. This ownership group is committed to building a winning team and culture for this region, one that Twins fans are proud to cheer for.”

This is a developing story. Check back later for updates.

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Wall Street climbs again as a worldwide rally comes back around

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By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — U.S. stocks are ticking higher on Wednesday after a rally spurred by hopes for lower U.S. interest rates wrapped around the world.

The S&P 500 rose 0.4%, coming off its latest all-time high. The Dow Jones Industrial Average was up 364 points, or 0.8%, as of 10:20 a.m. Eastern time, while the Nasdaq composite was adding 0.3% to its own record set the day before.

Stocks got a lift from easing Treasury yields in the bond market, as expectations reach a virtual consensus that the Federal Reserve will cut its main interest rates for the first time this year at its next meeting in September. Lower rates can boost investment prices and the economy by making it cheaper for U.S. households and businesses to borrow to buy houses, cars or equipment, though they risk worsening inflation.

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Stock indexes jumped in Asia in their first trading after Tuesday’s better-than-expected report on U.S. inflation triggered a jump in bets that a cut to interest rates is coming. Hong Kong’s Hang Seng leaped 2.6%, Japan’s Nikkei 225 rallied 1.3% and South Korea’s Kospi climbed 1.1%.

Indexes also rose in Europe, though the moves were more modest after they already had the chance to trade on the U.S. inflation data the afternoon before. Germany’s DAX returned 0.8%, and France’s CAC 40 rose 0.7%.

On Wall Street, the hopes for lower interest rates are helping to drown out criticism that the U.S. stock market has grown too expensive after its big leap since hitting a low in April.

One way companies can make their stock prices look less expensive is to deliver strong growth in profits, and Brinker International added 0.8% after reporting stronger results for the latest quarter than analysts expected. The company behind the Chili’s brand said it’s seeing more customers coming to its restaurants, and it’s also making more profit off each $1 in sales.

“Chili’s is officially back, baby back!” said CEO Kevin Hochman.

HanesBrands climbed 5.4% after it agreed to sell itself to Gildan Activewear for $2.2 billion in cash and Gildan stock. The deal would combine North Carolinas’ HanesBrands with Canada’s Gildan, and Gildan’s stock that trades in the United States rose 11.6%.

On the losing end of Wall Street were grocery stores and delivery companies, which fell after Amazon said it will offer fresh groceries to customers in more than 1,000 cities and towns through same-day delivery. Kroger fell 4.6%, and DoorDash dropped 3.6%, while Amazon rose 0.9%.

Cava Group sank 17.2% after the Mediterranean restaurant chain reported weaker revenue for the latest quarter than analysts expected, though its profit topped forecasts. It also cut its forecast for 2025 growth in sales at restaurants that have been open for more than a year, where guest traffic has been roughly flat recently from year-ago levels.

CoreWeave lost 13.7% after the company, whose cloud platform helps customers running artificial-intelligence workloads, reported a larger loss for the latest quarter than analysts expected.

In the bond market, Treasury yields eased as expectations built for coming cuts to interest rates by the Fed.

The yield on the 10-year Treasury fell to 4.23% from 4.29% late Tuesday and from 4.50% in mid-July. That’s a notable move for the bond market.

President Donald Trump has angrily been calling for cuts to help the economy, often insulting the Fed’s chair personally while doing so.

But the Fed has been hesitant so far because of the possibility that Trump’s tariffs could make inflation much worse. Lowering rates would give inflation more fuel, potentially adding oxygen to a growing fire. That’s why Fed officials have said they wanted to see more data come in about inflation before moving.

On Thursday, a report will show how bad inflation was at the wholesale level across the United States. Economists expect it to show inflation accelerated a touch to 2.4% in July from 2.3% in June.

AP Business Writers Matt Ott and Elaine Kurtenbach contributed.

Enchantment of Santa Fe stands the test of time

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By Patti Nickell, Tribune News Service

SANTA FE, N.M. — Standing on a ledge looking out over the high desert to the needle-like cliff formations of Plaza Blanca (White Place), I can see why artist Georgia O’Keefe was entranced by this part of northern New Mexico.

It was a view she saw every day from the window of her house at Ghost Ranch north of Abiquiu, which in turn is about 60 miles north of Santa Fe. Not only is it a view she imprinted on her heart, it’s one she incorporated into several of her paintings.

Plaza Blanca is a white chalk formation that inspired Georgia O’Keefe, who featured it in several paintings. (onlocationnm/onlocationnm/TNS)

Santa Fe and its surrounding area have always held a similar allure for me. On previous visits, I had mainly focused on the town itself – the historic plaza and Palace of the Governors, the posh Canyon Road galleries, its acclaimed restaurants and renowned cooking school.

I had traveled the Turquoise Trail, a National Scenic Byway linking Santa Fe to Albuquerque, and the High Road to Taos, stopping at the Santuario de Chimayo, an adobe chapel dating back to 1816.

But remarkably, I had never been to Abiquiu or Ghost Ranch, one of the region’s biggest draws thanks to O’Keefe. This time I was determined to rectify that.

Ghost Ranch with Orphan Mesa in the background. (onlocationnm/onlocationnm/TNS)

With the assistance of the Adventure Department at the Four Seasons Resort Rancho Encantado Santa Fe, I set out on a full-day journey through a landscape my knowledgeable guide said has been “shaped and defined by extraordinary geologic forces, Native American culture and tradition, Spanish settlers, artists and adventurers.”

Even before I arrived at Ghost Ranch, my senses were on overload. We drove through the Tesuque Pueblo in the foothills of the Sangre de Cristo Mountains, which dates back as early as 1200 and was flourishing when the Spanish arrived in the 1600s. The Pueblo played a key role in the 1680 revolt against the Spanish.

As did nearby San Ildefonso Pueblo, where Black Mesa — separated from the pueblo by the Rio Grande (here a trickle of water fed by the Rio Chama) — holds a place in history.

The mesa is the Native American version of Israel’s Masada, a mountaintop community in the Judaean Desert whose entire population committed mass suicide rather than fall to Roman forces.

Black Mesa’s fate during the Pueblo Revolt wasn’t quite as dire. In 1694, the months-long standoff between Pueblo warriors encamped on the summit and Spanish invaders led not to mass suicide, but to a decade of Pueblo independence after they succeeded in repelling the Spanish. Today, Black Mesa is regarded as a sacred place.

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On the lighter side, our pit stop at Bode’s Mercantile & General Store in Abiquiu was a reminder of one-stop shopping on the Western frontier. In business since 1891, Bode’s served as both a general store and post office. And since Abiquiu was the starting point of the Old Spanish Trail, it also served as a stagecoach stop, and for those who got a bit unruly, a jail.

Our final destination, Ghost Ranch, was a revelation, despite O’Keefe’s home not being open to the public. Instead, I spent time photographing the vibrant red and yellow cliffs; learning about the dinosaurs that once roamed the area (Ghost Ranch contains the largest concentration of Triassic fossils in North America), and listening to the fascinating saga of the Archuleta brothers, possibly the Old West’s first known serial killers. During the 1880s, the brothers lived here and made their livelihood rustling cattle and horses, while at the same time disposing of unsuspecting ranchers who wandered too close to their hideout.

The adage “there is no honor among thieves” proved especially true for the siblings when following a dispute over buried gold, one brother killed the other, and then was himself hung from a cottonwood tree by local citizens determined to be rid of their reign of terror.

In between the Archuletas and O’Keefe, Ghost Ranch played host to other famous folk although at the time the staff didn’t know it. In the 1940s, a group of mysterious men showed up every weekend to conduct who knows what business behind closed doors.

It wasn’t until later that their identities became known and their purpose revealed. Robert Oppenheimer, Enrico Fermi and Niels Bohr were among those engaged in building the world’s first atomic bomb at Los Alamos, a few miles from the ranch.

Since 1957 when musician and conductor John Crosby brought a performance of the opera “Madama Butterfly” to New Mexico’s high desert, the Sangre de Cristos have echoed with the sound of music.

The stunning Santa Fe Opera House sits in the foothills of the Sangre de Cristo Mountains. (Kate Russell/Santa Fe Opera/TNS)

Every summer, the Santa Fe Opera stages five performances at its outdoor theater where the blazing sunsets challenge the tenors, baritones and sopranos for the best performance.

This year’s lineup featured Puccini’s “La Boheme”; Wagner’s “Die Walkure”; Verdi’s “Rigoletto”; Benjamin Britten’s “Turn of the Screw,” and the one I attended, Mozart’s comic opera “The Marriage of Figaro,” fast forwarded to the late 1930s just before the onset of World War II.

In case you can’t make it before the end of this year’s season on Aug. 23, the 2026 line-up will include “Madama Butterfly,” “The Magic Flute,” “Eugene Onegin,” “Rodelinda” and the American premiere of “Lili Elbe.”

The Marriage of Figaro, updated to the 1930s, was one the operas performed during the 2025 Santa Fe Opera season. (Bronwen Sharp/Santa Fe Opera/TNS)

My hotel choice, Four Seasons Rancho Encantado, is a sponsor of the Santa Fe Opera, and in addition to assisting guests with tickets, it offers them a fun way to celebrate pre-curtain.

A curated tailgate dinner in the shadow of the mountains is a memorable prequel to the evening’s performance.

Also memorable at the 65-casita resort, a former dude ranch 10 minutes from downtown Santa Fe, are the property’s 10,000-square-foot spa with its 15 treatment rooms and four private courtyards, and the signature restaurant, Terra.

At the former, I luxuriated in the Earth to Sky full body massage incorporating a grounding earth foot scrub and a nourishing sun warm oil scalp treatment – the very definition of bliss.

At the latter, I watched another of New Mexico’s incomparable sunsets while dining on the robust flavors of regional New Mexican dishes (Baby Back Ribs with chili barbeque, fennel coleslaw and serrano cornbread) and trying not to ogle the A-list movie star dining two tables away.

The “Once within a Time” exhibition at Site Santa Fe mixes fairy tale atmosphere with apocalyptic landscapes. (Shayla Blatchford/Site Santa Fe/TNS)

While it was tempting to spend all my time roaming the landscaped grounds of the Rancho Encantado, I did spend one morning in town taking in the “Once Within a Time” exhibition (through Jan. 12, 2026) at Site Santa Fe. Mixing fairy tale atmospheres with apocalyptic landscapes, it both inspires and disturbs.

Brunch at the delightful Dolina Café, where the dishes marry New Mexican staples and Eastern European favorites, was indeed a fairy tale of a culinary nature.

Think Hungarian goulash combined with a breakfast burrito and a choice of red or green chiles.) Incongruous? Maybe. Delicious? Definitely.

But I expected no less. This is the Land of Enchantment, after all.

©2025 Tribune Content Agency, LLC.

New draft of plastic pollution treaty would not limit plastic production

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By JENNIFER McDERMOTT, Associated Press

GENEVA (AP) — Negotiators working on a treaty to address the global crisis of plastic pollution are discussing a new draft of the text Wednesday that would not limit plastic production or address chemicals used in plastic products.

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The biggest issue of the talks has been whether the treaty should impose caps on producing new plastic or focus instead on things like better design, recycling and reuse. About 100 countries want to limit production as well as tackle cleanup and recycling. Many have said it’s essential to address toxic chemicals.

Powerful oil and gas-producing nations and the plastics industry oppose production limits. They want a treaty focused on better waste management and reuse.

The draft contains one mention of plastic production in the preamble, reaffirming the importance of promoting sustainable production and consumption of plastics. It does not contain an article on production from a previous draft. There is no mention of chemicals.

The new provisions seek to reduce the number of problematic plastic products that often enter the environment and are difficult to recycle and promote the redesign of plastic products so they can be recycled and reused. Parties to the treaty would improve their waste management.

The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.