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US works to prevent crisis as SVB, Signature Bank collapse

Published Tue, 25 Feb 2025 12:59:31 GMT

(NewsNation) — The United States government stepped in Sunday night to stop a widespread banking crisis after the historic failures of Silicon Valley Bank and Signature Bank over the weekend — the second- and third-largest bank failures in U.S. history.The big focus Monday remained on easing some of the panic following the collapses. The president announced Sunday evening that he would deliver remarks on the banking system at 9 a.m. ET Monday. The Treasury Department, Federal Reserve and FDIC said Sunday that all Silicon Valley Bank clients will be protected and have access to their funds on Monday, announcing steps designed to protect the bank’s customers and prevent more bank runs.The Fed also made additional funding available for eligible banks to prevent the next Silicon Valley Bank from collapsing. Are we in a recession? Economists weigh in Regulators worked to auction off the bank to help contain the fallout from its failure on Friday — the worst U.S. financ...

Dutch sports broadcaster editors quit over bullying report

Published Tue, 25 Feb 2025 12:59:31 GMT

THE HAGUE, Netherlands (AP) — The top editors at the Dutch national broadcaster’s sports department have stepped down amid reports that there was a culture of inappropriate behavior and bullying among staff spanning more than two decades, the broadcaster said Monday.The move followed a report last week compiled by external experts who were asked to look into behavior at NOS Sport amid a wider investigation into the public broadcasting network following another high-profile case last year alleging workplace bullying at a flagship early evening talk show.“The inventory report contains reports of bullying, (sexual) intimidation, discrimination, verbal aggression and integrity issues over a period of more than 20 years,” NOS said in an initial reaction last week.At the time, the broadcaster said that the editorial leadership of the sports department would step down at an unspecified date in the future. But following reports in Dutch media over the weekend about the working conditi...

Marozsán ends Germany soccer career before World Cup

Published Tue, 25 Feb 2025 12:59:31 GMT

FRANKFURT, Germany (AP) — Former Germany captain Dzsenifer Marozsán said Monday she is retiring from international soccer before this year’s Women’s World Cup because she is still feeling the effects of a serious knee injury.The 30-year-old midfielder scored the winning goal in the 2016 Olympic final as Germany beat Sweden 2-1. Last year she missed the Champions League final with Lyon and Germany’s run to the European Championship final after tearing her anterior cruciate ligament while playing a World Cup qualification game against Serbia.“I’m doing well for my club once again but the knee is not like it used to be,” Marozsán said in a statement. “I have to do an enormous amount of work to be able to manage all of the training sessions and games. I believe it would just be too much to do international games, preparation and the tournament as well.”The German soccer federation said Marozsán will play her 112th and last game for her country in a fr...

Curis: Q4 Earnings Snapshot

Published Tue, 25 Feb 2025 12:59:31 GMT

LEXINGTON, Mass. (AP) — LEXINGTON, Mass. (AP) — Curis Inc. (CRIS) on Monday reported a loss of $11.3 million in its fourth quarter.On a per-share basis, the Lexington, Massachusetts-based company said it had a loss of 12 cents.The drug developer posted revenue of $2.9 million in the period.For the year, the company reported that its loss widened to $56.7 million, or 61 cents per share. Revenue was reported as $10.2 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRIS at https://www.zacks.com/ap/CRISSource

2 found dead in SUV after double shooting in Capitol Hill neighborhood

Published Tue, 25 Feb 2025 12:59:31 GMT

Two people are dead after a shooting in the Capitol Hill neighborhood in D.C. Sunday night.D.C. police are investigating the double shooting that happened in the area of 11th and D streets in Southeast at around 8 p.m.More Local NewsMore DC NewsTwo men were found inside a crashed SUV suffering from gunshot wounds, First District Cmdr. Tasha Bryant said at a news conference. One man died at the scene.The other man was transported to a hospital where he later died due to his injuries, Bryant said. Neither of their identities have been released as police begin their investigation.“We do everything that we can to keep communities and our visitors safe,” Bryant told reporters on Sunday night. “This is a tragedy and I’m so hurt, my heart is broken that I’m standing in front of you guys again talking about gun violence.”Eastbound traffic on 11th Street between M Street and Pennsylvania Avenue has all lanes blocked due to the police investigation. Pennsyl...

Alabama, Kansas bring twists, turns to unpredictable bracket

Published Tue, 25 Feb 2025 12:59:31 GMT

Kansas and Alabama are no strangers to playing for national championships.For the Jayhawks, another high-expectations trip to March Madness is a rite of spring. For the Crimson Tide, well, this path to glory travels through some unfamiliar ground — the basketball court.Alabama rolls in as the top overall seed in an NCAA Tournament that feels both familiar and foreign this season. Yes, there are plenty of heartwarming stories and unbelievable upsets to come when the action begins Tuesday with the first of four play-in games. But this was also a season clouded with police blotters at Alabama and Texas, injuries at Houston and UCLA, some unsightly losses at Kansas, and enough twists and turns at the top of the field to make this as unpredictable a bracket as ever. “I’m not sure we would’ve predicted this,” Alabama coach Nate Oats said of the top seeding that belongs to the Crimson Tide for the first time.Alabama’s ability to set aside distractions — namely, the inevit...

This week: consumer prices, Lennar earnings, retail sales

Published Tue, 25 Feb 2025 12:59:31 GMT

A look at some of the key business events and economic indicators upcoming this week:EYE ON INFLATIONThe Labor Department delivers its latest monthly index of inflation at the consumer level Tuesday.Analysts are forecasting that prices rose 5.9% in February from one year ago, down from January’s 6.4%. Though the pace of consumer price increases eased for the seventh straight month in January compared with a year earlier, on a monthly basis, prices increased 0.5% from December to January. Consumer price index, annual percent change, not seasonally adjusted:Sept.: 8.2Oct.: 7.8Nov.: 7.1Dec.: 6.5Jan.: 6.4Feb. (est): 5.9Source: FactSetSPOTLIGHT ON LENNARHomebuilder Lennar releases its first-quarter earnings after the bell on Tuesday.Analysts forecast that Miami-based Lennar Corp.’s profits fell to $1.55 per share on sales of $5.9 billion during the slow winter period. In the same period last year, Lennar posted profits of $1.69 per share, badly missing Wall Street targets of $2.60....

Insider Q&A-Nintendo’s Bowser

Published Tue, 25 Feb 2025 12:59:31 GMT

LOS ANGELES (AP) — With a new theme park attraction opened last month, an upcoming major motion picture and the sequel to a massive hit video game about to be released, everything’s coming up Nintendo.Doug Bowser, the head of Nintendo USA since 2019, spoke to The Associated Press at Universal Studios Hollywood’s Super Nintendo World in Los Angeles before its Feb. 17 grand opening. Q: You’ve got a new movie (“The Super Mario Bros. Movie,” April 7), this new attraction at Universal, and the new Legend of Zelda game (“Tears of the Kingdom,” May 12). What’s next, a prestige streaming TV show?A: You’re hitting on something which is really important. This is a milestone, what you’re seeing here with Super Nintendo World. Universal Studios is a great partner to allow us to do Super Nintendo World. I won’t comment on your question regarding a streaming show. But it really is a reflection on this ability to share our IP with people well outside of the video game space.Q: The new attrac...

Inspired Entertainment: Q4 Earnings Snapshot

Published Tue, 25 Feb 2025 12:59:31 GMT

NEW YORK (AP) — NEW YORK (AP) — Inspired Entertainment, Inc. (INSE) on Monday reported fourth-quarter net income of $3.1 million, after reporting a loss in the same period a year earlier.On a per-share basis, the New York-based company said it had net income of 11 cents.The company posted revenue of $78.6 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $69.4 million.For the year, the company reported net income of $22.3 million, or 77 cents per share, swinging to a profit in the period. Revenue was reported as $285.4 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INSE at https://www.zacks.com/ap/INSESource

1-minute garlic pan sauce transforms spicy chicken traybake

Published Tue, 25 Feb 2025 12:59:31 GMT

When you’re roasting food, air circulation is everything. That’s why we prefer low-rimmed baking sheets over roasting pans. They accelerate cooking and boost browning in our weeknight traybakes.But in some instances, a bit of crowding on the pan can be beneficial, such as in this spicy chicken alla diavolo from our book “Tuesday Nights Mediterranean,” which features weeknight-friendly meals from the region. After tossing bone-in, skin-on chicken parts with ample red pepper flakes and thyme, we arrange the meat in a circle around eight whole, peeled garlic cloves.The chicken roasts in a 475 degrees F oven until deeply browned, but the cloves in the center are protected from scorching in the high heat. Instead, they soften and sweeten — perfect for mashing into a paste to mix with the chicken’s juices for a savory sauce that is ready in just a minute. Mixing lemon zest and peperoncini into the sauce gives it an extra kick.Adding broccoli to the pan makes it a complete one-pan di...