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PacWest, Lucid Group rise, Carnival, Pfizer fall, Monday, 6/26/2023

Published Sat, 22 Feb 2025 10:24:32 GMT

NEW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Monday: International Business Machines Corp. (IBM), up $1.17 to $130.60.The technology and consulting company is buying software company Apptio.Lucid Group Inc. (LCID), up 34 cents to $5.82.The electric vehicle maker entered a technology partnership with Aston Martin.MoonLake Immunotherapeutics (MLTX),up $17.35 to $43.23.The biotechnology company gave investors an encouraging update on the development potential skin condition treatment.PacWest Bancorp (PACW), up 38 cents to $7.61.The bank sold $3.5 billion loan portfolio to Ares Management.Wolfspeed Inc. (WOLF), up $1.96 to $51.41.The maker of energy-efficient lighting announced about $2 billion worth of financing.Snowflake Inc. (SNOW), down $3.98 to $174.27.The cloud-data software company is expanding its partnership with Microsoft.Carnival Corp. (CCL), down $1.73 to $14.07.The cruise line gave investors a discouraging financial forecast.Pfizer In...

Judge sentences Club Q shooter with 5 life terms

Published Sat, 22 Feb 2025 10:24:32 GMT

COLORADO SPRINGS, Colo. (KDVR) -- The suspect in a mass shooting that killed five people and wounded 17 at Club Q in Colorado Springs in November pleaded guilty to several charges Monday.Anderson Lee Aldrich, 23, pleaded guilty to five counts of first-degree murder, 46 counts of first-degree attempted murder and no contest to two charges of bias-motivated crimes.They were sentenced to five life sentences without the possibility of parole for the murder charges, as well as an additional 2208 years for attempted murder.In court, Aldrich said they are pleading guilty because of the high likelihood that they will be found guilty if it went to trial.Victims were notified of the possible plea deal beforehand, per Colorado law.A press conference with the 4th Judicial District Attorney’s (DA) Office is set to follow the hearing on Monday.

3 injured after ziplining collision in Castle Rock

Published Sat, 22 Feb 2025 10:24:32 GMT

CASTLE ROCK, Colo. (KDVR) -- Three people, including two children, were injured in a ziplining incident at Philip S. Miller Park in Castle Rock on Sunday. All three were taken to a local hospital Sunday and released Monday morning.Castle Rock Fire said both the children were under the age of 10. First responders were dispatched to the incident around 6:15 p.m.

Man dies after being rescued from City Park Lake

Published Sat, 22 Feb 2025 10:24:32 GMT

DENVER (KDVR) -- A man was pronounced dead after police say he was recovered from City Park Lake Sunday.Around 9 p.m., the Denver Police Department got a call reporting a person in the City Park Lake, according to a tweet from DPD. Suspect in Club Q shooting pleads guilty Denver Fire Department Water Rescue responded and recovered the man from the water, police said. He was transported to the hospital where he was later pronounced deceased. Police said it "appears to be a non-criminal death investigation" and the Denver Office of the Medical Examiner will provide the man's name and cause of death.

Colorado renters make half what it would take to afford a starter home

Published Sat, 22 Feb 2025 10:24:32 GMT

DENVER (KDVR) -- Even in the Denver metro's more affordable suburbs, most Colorado renters make a lot less money than they would need to buy even a starter home. Real estate analytics firm Point2Homes released a report focusing on starter home costs in the nation's 100 largest secondary markets. Secondary markets orbit major markets - in Colorado's case, Denver - and have traditionally been the more affordable location choice for homebuyers. Former NBA star to open soul food restaurant in Five Points In 2023, though, even these formerly-affordable cities put most renters out of reach of a starter home. Starter homes used to be defined as houses under 1,400 square feet with barebones amenities. But since these homes are effectively extinct, Point2Homes considers a starter home to be anything in the bottom third of the area price range.Nationally, renters make less than half of what they need to buy a starter home in 41 of the 100 largest secondary markets. With its relatively high-...

Wife and mother of Titan passengers talks about waiting to hear from the doomed sub

Published Sat, 22 Feb 2025 10:24:32 GMT

BOSTON (AP) — Christine Dawood was on board a support vessel Sunday when she got word that communications were lost with the submersible carrying her husband and son, to view the Titanic wreckage.She didn’t initially understand what it meant that the Titan submersible had lost contact with the ship an hour and 45 minutes into its voyage, Dawood told the BBC Monday. It would be four more days before she would learn the fate of her husband Shahzada Dawood and son Suleman Dawood, when authorities announced Thursday the vessel carrying five people had imploded and there were no survivors.“We all thought they are just going to come up,” she said. “That shock was delayed about 10 hours or so. There was a time … where they were supposed to be up on the surface. When that time passed, that is when the … worry and not so good feelings started.”Christine Dawood said she had “loads of hope” during the international search for the Titan, noting that it was the “only thing that got u...

West after Wagner rebellion: Talk softly and help Ukraine carry a bigger stick

Published Sat, 22 Feb 2025 10:24:32 GMT

As the United States and its European allies work to make sense of last weekend’s chaos in the Kremlin, they’re urging Kyiv to seize a “window” of opportunity that could help its counteroffensive push through Russian positions.The forming response: Transatlantic allies are hoping, largely by keeping silent, to de-escalate the immediate political crisis while quietly pushing Ukraine to strike a devastating blow against Russia on the battlefield. It’s best to hit an enemy while it’s down, and Kyiv would be hard-pressed to find a more wounded Russia, militarily and politically, than it is right now. In public, American and European leaders stressed that they are preparing for any outcome, as it still remained unclear where the mercenary rebellion would ultimately lead. Wagner Group chief Yevgeny Prigozhin, who led the revolt, resurfaced on Monday, claiming he had merely wanted to protest, not topple the Russian government — while simultaneously insisting his paramilitary forc...

Taco John’s responds to Taco Bell’s Taco Tuesday lawsuit

Published Sat, 22 Feb 2025 10:24:32 GMT

New York (CNN) — The fight for the “Taco Tuesday” trademark is getting spicy.Taco John’s, a regional chain, has responded to Taco Bell’s effort to liberate the phrase so that anyone can use it.In a filing Friday, responding to Taco Bell’s petition to “cancel” the trademark, Taco John’s parent company Spicy Seasonings denied there is “anything ‘not cool’ about” obtaining a trademark for the phrase. The Wyoming-based company said Taco Bell’s lawsuit is filled with “statements of opinion to which no response is required, including that Tuesday is a mediocre day of the week.”Last month, Taco Bell filed a petition with the US Patent and Trademark office to cancel the trademark owned by rival Taco John’s for 34 years because Taco Bell claims the commonly used phrase “should be freely available to all who make, sell, eat and celebrate tacos.” Since Taco John’s holds the trademark, other restaurants and companies must seek permission to use “Taco Tuesday” ...

High-speed internet is a necessity, President Biden says, pledging all US will have access by 2030

Published Sat, 22 Feb 2025 10:24:32 GMT

By KAVISH HARJAI and SEUNG MIN KIM (Associated Press)WASHINGTON (AP) — President Joe Biden on Monday said that high-speed internet is no longer a luxury but an “absolute necessity,” as he pledged that every household in the nation would have access by 2030 using cables made in the U.S. “These investments will help all Americans,” he said. “We’re not going to leave anyone behind.”Biden announced that more than $40 billion would be distributed across the country to deliver high-speed internet in places where there’s either no service, or service is too slow.“But it’s not enough to have access — you need affordability and access,” the president said, adding that his administration is working with service providers to bring down costs on what is now a household utility — like water or gas — but often remains priced at a premium. With Monday’s announcement, the administration is launching the ...

Shopping on social media the smart way

Published Sat, 22 Feb 2025 10:24:32 GMT

When Ziwei Cong bought some sweatpants that caught her eye during a livestream shopping event on social media, she was disappointed when they arrived and didn’t fit well.“It’s very easy for me to become irrational during these kinds of shopping events,” says the assistant professor of marketing at Georgetown University’s McDonough School of Business. She adds that the hosts can be very persuasive and hook you with limited- time offers to trigger impulse purchases.Social shopping, or purchases made through social media sites that sometimes incorporate livestreaming events with influencers, is booming. Almost half of U.S. consumers (47%) say they’ve made a purchase on social media, and 39% say they have bought that way and would do so again, according to 2022 data in a report released in April by the market intelligence agency Mintel.“Shopping on social media has really taken off more with younger consumers. They’re on their phones more and on social media more often, so it’s easier t...