WHITEWATER, Wis. (AP) — A suspect has been arrested in the fatal shooting of a national gymnastics champion in an apartment near the University of Wisconsin-Whitewater campus, police said.
Kara Welsh, a 21-year-old student who was majoring in management in the school’s College of Business and Economics, was killed Friday night, Whitewater police said. The suspect, a 23-year-old man, was arrested at the scene and is being held at the Walworth County Jail.
In a news release posted online Saturday, police did not describe what led to the shooting, except to say that Welsh and the suspect knew each other and that there had been an altercation between the two.
Police have asked the Walworth County District Attorney’s Office to consider charging the suspect with first-degree intentional homicide, endangering safety by the use of a dangerous weapon and disorderly conduct while armed.
The investigation is ongoing and police have released no additional information.
Welsh, who was from Plainfield, Illinois, was a member of the Warhawk gymnastics team and last year she took the individual national title on vault at the NCAA Division III championships, the university said in a statement.
“We know the news of Kara’s death is heartbreaking for our close-knit university community. It is a time when we are all called upon to support one another, to process, and to grieve,” UW-Whitewater Chancellor Corey King said. The campus is about 50 miles (80 kilometers) west of Milwaukee.
The university is offering counseling to the school's gymnastics team and coaches. School staff planned to provide extra support and flexibility to students Tuesday ahead of the start of classes.
“Our hearts are broken with the tragic loss of one of our own,” the school's gymnastics team said on Facebook.
This photo provided by shows by the University of Wisconsin-Whitewater shows University of Wisconsin-Whitewater student Kara Welsh, who was killed Friday, Aug. 30, 2024 in an apartment near the university campus. (University of Wisconsin-Whitewater via AP)
This photo provided by shows by the University of Wisconsin-Whitewater shows University of Wisconsin-Whitewater student Kara Welsh, who was killed Friday, Aug. 30, 2024 in an apartment near the university campus. (University of Wisconsin-Whitewater via AP)
Shares were mostly higher in Europe and Asia on Thursday after U.S. stocks stormed to records as investors wagered on what Donald Trump’s return to the White House will mean for the economy and the world.
Markets also were turning their attention to the Federal Reserve’s decision on interest rates, due later in the day.
In early European trading, Germany's DAX gained 0.8% to 19,196.73. In Paris, the CAC 40 was nearly unchanged, at 7,368.10. Britain's FTSE 100 edged 0.2% higher to 8,182.27.
The futures for the S&P 500 and the Dow Jones Industrial Average were up 0.1%.
In Asia, Japan's Nikkei 225 fell 0.3% to 39,381.41, reflecting worries over the potential for a revival of trade tensions under a Trump administration.
“I think everybody’s going to be worried about Trump's tariffs because that’s one of the things in his playbook. And so we’ll have to see how things develop in the early stages of his presidency this time," said Neil Newman, head of strategy for Astris Advisory Japan.
South Korea's Kospi finished nearly flat, at 2,564.63. Australia's S&P/ASX 200 rose 0.3% to 8,226.30.
Chinese shares rallied after the government reported that exports jumped nearly 13% in October over a year earlier, the fastest pace in more than two years and far outpacing the 2.4% increase in September.
Hong Kong's Hang Seng gained 2% to 20,953.34. The Shanghai Composite index was up 2.6% at 3,470.66.
Trump has promised to slap blanket 60% tariffs on all Chinese imports, raising them still more if Beijing makes a move to invade the self-governing island of Taiwan.
Investors are adding to bets built earlier on what the higher tariffs, lower tax rates and lighter regulation that Trump favors will mean. Higher tariffs on imports from China would add to the burdens Beijing is facing as it struggles to revive slowing growth in the world's second-largest economy.
But the impact may be less drastic than feared, Zichun Huang of Capital Economics said in a report.
“We expect shipments to stay strong in the coming months –- any drag from potential Trump tariffs may not materialize until the second half of next year," Huang said.
Still, higher tariffs on imports from China, Mexico and other countries would raise the risk of trade wars and other disruptions to the global economy.
Trump's win raised expectations that Beijing may ramp up its spending and other stimulus to counter such trends. The Standing Committee of China's legislature is meeting this week and is expected to announce further measures by Friday.
Francis Lun, CEO of Geo Securities, said domestic issues were a greater concern than tariffs. "People want the government to spend some money to boost the economy, instead of looking outward,” he said.
On Wednesday, the U.S. stock market, Elon Musk’s Tesla, banks and bitcoin all stormed higher, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world. Among the losers the market sees: the renewable-energy industry and potentially anyone worried about higher inflation.
The S&P 500 rallied 2.5% to 5,929.04 for its best day in nearly two years. The Dow Jones Industrial Average surged 3.6% to 43,729.93, while the Nasdaq composite jumped 3% to 18,983.47. All three indexes topped records they had set in recent weeks.
The impact of Trump's second term will likely depend on whether his fellow Republicans win control of Congress, and that’s not yet clear.
Investors see Trump’s policies potentially leading to stronger economic growth. That helps push prices down and yields up for Treasurys. Tax cuts under Trump could further swell the U.S. government’s deficit, increasing borrowing and forcing yields even higher. The yield on the 10-year Treasury jumped to 4.43% from 4.29% late Tuesday, which is a major move for the bond market. It’s up substantially from August, when it was below 4%.
Investors expect the incoming president's policies, particularly higher tariffs, to fan inflation and add costs to U.S. household bills. Sharp cutbacks in immigration could also leave businesses shorthanded, forcing companies to raise wages for workers faster and putting more upward pressure on prices.
Much of Wall Street’s run to records this year was built on expectations for cuts to interest rates by the Federal Reserve, as inflation has headed back down to its 2% target. Easier interest rates help boost the economy, but they can also give inflation more fuel.
The expectation is that the Fed will cut its main rate Thursday, but traders are already paring back forecasts for how many cuts it might make next year.
In other dealings early Thursday, the U.S. dollar weakened against the Japanese yen, slipping to 154.05 yen from 154.62 yen. The euro rose to $1.0757 from $1.0730.
U.S. benchmark crude oil shed 8 cents to $71.61 per barrel. Brent crude, the international standard, was up 2 cents at $74.94.
The price of bitcoin slipped to $74,789.38 after hitting an all-time high above $76,480 on Wednesday, according to CoinDesk. Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin.
A man passes a video monitor on the side of the New York Stock Exchange in New York's Financial District on Tuesday, Nov. 5, 2024. (AP Photo/Peter Morgan)
A board above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Wednesday, Nov. 6, 2024. (AP Photo/Richard Drew)
People pass the New York Stock Exchange in New York's Financial District on Tuesday, Nov. 5, 2024. (AP Photo/Peter Morgan)
A TV camera screen shows the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
Members of media stand near the screens showing the Korea Composite Stock Price Index (KOSPI), left, the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
A currency trader talks on the phone at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
A tv cameraman films the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
A currency trader walks by the screens showing the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
