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Walters: Newsom faces possibly historic California budget deficit

Published Tue, 25 Feb 2025 15:38:58 GMT

During his much ballyhooed, nationally televised debate with Florida Gov. Ron DeSantis last week, California Gov. Gavin Newsom boasted that the state’s economy is “booming” and leads the nation.“California has no peers,” Newsom declared. “California dominates.”About 18 hours later, reality reared its ugly head. The Legislative Analyst’s Office revealed that state tax revenues are running tens of billions of dollars behind expectations due to a slowing economy, creating a monumental budget headache.The dilemma became apparent when the November income tax filing deadline — seven months later than the original date — passed, and tax receipts for 2022 could finally be counted.“With the recent receipt of various postponed tax payments, the impact of recent economic weakness and last year’s financial market distress on state revenues has become clearer,” the LAO authors said in a preliminary report on the state’s fiscal situation. “The postponed payments came in much weaker th...

The TV bundle is poised to make a big comeback in the streaming era

Published Tue, 25 Feb 2025 15:38:58 GMT

By Oliver Darcy | CNNThe bundle is staging a comeback.After spending billions of dollars to launch their own direct-to-consumer streaming platforms, the world’s biggest entertainment companies are slowly getting back together, giving consumers a break on soaring prices by pushing them to their more lucrative ad-supported tiers with the hope that the more attractive offers will keep them from axing their services.Verizon this week launched a new streaming subscription for its wireless phone customers, pairing Netflix and Max’s ad-supported tiers together for $10 a month — a more than 40% savings on the price of the individual services. For an additional $10, Verizon said it will also throw in Disney+, Hulu, and ESPN+. All told, for just $20 a month, the company’s customers can now get five streaming services for the price of a single tier of Netflix.“Verizon is using its strategic relationships with the biggest players in the content industry to continue to unlock more value for its ...

Stock market today: Wall Street quiet ahead of jobs data that markets hope put an end to rate hikes

Published Tue, 25 Feb 2025 15:38:58 GMT

Wall Street was quiet before the bell on Wednesday ahead of more jobs data that markets hope will show a labor market cooling enough to convince the Federal Reserve stop hiking interest rates.Futures for the S&P 500 inched up 0.2% before markets opened, while futures for the Dow Jones Industrial Average gained 0.1%. With inflation down from its peak two summers ago, Wall Street is hopeful the Federal Reserve may finally be done with its market-shaking hikes to interest rates and could soon turn to cutting rates. The hope is that the U.S. economy might pull off a perfect landing where it snuffs out high inflation but avoids a recession.Traders widely expect the Federal Reserve to hold its key interest rate steady at its meeting next week, before potentially cutting rates in March, according to data from CME Group.U.S. stocks and Treasury yields wavered on Tuesday after reports showed that employers advertised far fewer job openings at the end of October than expected, while growt...

Bayern Munich to sign Spain winger Bryan Zaragoza from Granada at the end of the season

Published Tue, 25 Feb 2025 15:38:58 GMT

MUNICH (AP) — Bayern Munich is signing Spain winger Bryan Zaragoza from struggling La Liga team Granada, with the deal set to go through in July.The German champion said Wednesday that the 22-year-old Zaragoza would sign a five-year contract running through to 2029 when he joins Bayern at the end of the season. No fee was disclosed but German magazine Kicker reported the deal involved an initial fee of 13 million euros ($14 million) plus possible add-on fees.Bayern sporting director Christoph Freund praised Zaragoza as an “explosive, very quick and extremely nimble winger” and highlighted his potential to improve and his ability to play on either side of the field.Zaragoza was influential in Granada being promoted last season, with goals in each of the last three games of the campaign. He leads the Spanish league in dribbling this season despite Zaragoza’s lowly league position of 19th, and has five goals and two assists in 14 games.Zaragoza has played once for Spain aft...

John Wiley & Sons: Fiscal Q2 Earnings Snapshot

Published Tue, 25 Feb 2025 15:38:58 GMT

HOBOKEN, N.J. (AP) — HOBOKEN, N.J. (AP) — John Wiley & Sons Inc. (WLY) on Wednesday reported a loss of $19.4 million in its fiscal second quarter.The Hoboken, New Jersey-based company said it had a loss of 35 cents per share. Earnings, adjusted for one-time gains and costs, were 73 cents per share.The publisher posted revenue of $492.8 million in the period.John Wiley & Sons expects full-year earnings to be $2.05 to $2.40 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WLY at https://www.zacks.com/ap/WLYSource

Vera Bradley: Fiscal Q3 Earnings Snapshot

Published Tue, 25 Feb 2025 15:38:58 GMT

ROANOKE, Ind. (AP) — ROANOKE, Ind. (AP) — Vera Bradley Inc. (VRA) on Wednesday reported earnings of $5.1 million in its fiscal third quarter.On a per-share basis, the Roanoke, Indiana-based company said it had net income of 16 cents. Earnings, adjusted for non-recurring costs, came to 19 cents per share.The handbag and accessories company posted revenue of $115 million in the period.Vera Bradley expects full-year earnings in the range of 56 cents to 62 cents per share, with revenue in the range of $472 million to $478 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRA at https://www.zacks.com/ap/VRASource

Brown-Forman B: Fiscal Q2 Earnings Snapshot

Published Tue, 25 Feb 2025 15:38:58 GMT

LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Brown-Forman Corporation B (BF.B) on Wednesday reported fiscal second-quarter profit of $242 million.The Louisville, Kentucky-based company said it had profit of 50 cents per share.The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 50 cents per share.The company posted revenue of $1.11 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $1.16 billion.Brown-Forman B shares have decreased slightly more than 8% since the beginning of the year, while the S&P’s 500 index has increased 19%. The stock has decreased 19% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BF.B at https://www.zacks.com/ap/BF.BSource

Brown-Forman: Fiscal Q2 Earnings Snapshot

Published Tue, 25 Feb 2025 15:38:58 GMT

LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Brown-Forman Corp. (BF.A) on Wednesday reported fiscal second-quarter net income of $242 million.On a per-share basis, the Louisville, Kentucky-based company said it had profit of 50 cents.The liquor company that makes Jack Daniel’s and other brands posted revenue of $1.11 billion in the period.Brown-Forman shares have decreased nearly 6% since the beginning of the year. The stock has fallen 16% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BF.A at https://www.zacks.com/ap/BF.ASource

Timing, totals, impact of Friday's snowstorm in Denver metro

Published Tue, 25 Feb 2025 15:38:58 GMT

DENVER (KDVR) — Colorado is going to experience a big weather swing this week. The metro and Front Range are going to go from nearly record-breaking temperatures in the upper 60s to a few inches of snow. The Pinpoint Weather team has been tracking the change coming Friday and has issued a Pinpoint Weather Alert Day due to the drastic change in conditions. While it won't be a major snowstorm with high accumulation, the switch from mild weather to snow could cause some issues for commuters. View the latest Weather Alerts in Denver and across Colorado on FOX31 From timing to totals to impacts, Colorado's Most Accurate Forecast has everything you need to know to prepare for the end-of-the-week storm. TimingWednesday will be another above-average day in the upper 60s. That warming trend will continue on Thursday with temperatures in the lower 60s, but Thursday night is when conditions start to shift.Pinpoint Weather: Three-day forecast for Dec. 6-8 According to the Pinpoint Weather tea...

Dog in wheelchair searches for a forever home

Published Tue, 25 Feb 2025 15:38:58 GMT

DENVER (KDVR) — It all started with a tiny Plott Hound puppy on the euthanasia list at a shelter in Texas.Denver-based Red Fern Animal Rescue found the Plott Hound and reached out. Red Fern soon learned that there was also a sister pup in need. Dog rescued after 5 nights, 4 days alone in mountains The sister suffered from a spinal injury, likely at birth, and was unable to walk. She also had a compression fracture and a rib fracture.Red Fern then rescued both puppies.This is the start of Kiwi's story.Kiwi is up for adoption (Courtesy of Walkin' Pets)Kiwi is up for adoption (Courtesy of Walkin' Pets)Kiwi is up for adoption (Courtesy of Walkin' Pets)“Her veterinary team believes she was injured so young that she never learned to walk. Kiwi could have been injured during birth, or she could have been stepped on or kicked. She arrived lying flat on her chest, unable to even scoot around," said Abby Stevenson, Kiwi's caretaker.Kiwi was taken to Walking Paws Rehab in Boulder. The team h...