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First phase of Highway 1 multimodal project breaks ground in Santa Cruz

Published Thu, 20 Feb 2025 11:53:00 GMT

SANTA CRUZ — The first phase of a multimodal Highway 1 transportation project broke ground in Santa Cruz on Wednesday with local planners and regional dignitaries on hand to celebrate the occasion.The effort, roughly four years in the making, is part of the Santa Cruz County Regional Transportation Commission’s Watsonville – Santa Cruz Multimodal Corridor Program, which includes a set of parallel projects taking place at three critical transportation corridors in the county: Highway 1, Soquel Avenue/Drive to Freedom Boulevard and the Santa Cruz Branch Rail Line.“I think people have had enough of the congestion,” said Regional Transportation Commission Executive Director Guy Preston. “Since the passage of our sales tax measure back in 2016 – Measure D – that gave us the ability to really move these projects forward, we’ve made great strides and this is the first of many to come.”According to the commission, this initial phase – the first of three – will in part target Highway 1 conge...

Kurtenbach: Save us, Steph — Curry will need to put the Warriors on his back in Game 3

Published Thu, 20 Feb 2025 11:53:00 GMT

Save us, Steph.For all the talk about “Strength in Numbers,” league wreckage, and the Warriors’ collectivism, the truth is that the Warriors call on their superstar to carry them to victory when the going gets tough.Time and time again, he’s come through.And the Warriors need to hop on Curry’s back again on Thursday.The playoffs might be in their early days, but the going is already tough.With Draymond Green suspended, the Warriors down 2-0 to the Kings in the teams’ first-round playoff series, and the season — and perhaps even the Warriors’ dynasty — on the line, Curry will have to summon his superhero best in Game 3.No pressure, though.What stands out about this situation isn’t merely how early it is in the playoffs but also that Curry has been good in this first-round series. Yes, he only made 3-of-13 3-point attempts in Game 2, but he’s shooting nearly 50 percent from the field, 33 percent from beyond the arc, and is averagin...

The Oakland A's purchase land for new stadium in Vegas: reports

Published Thu, 20 Feb 2025 11:53:00 GMT

(KRON) -- The Oakland A's are officially leaving Oakland, according to reports from the Nevada Independent published late Wednesday night. The team issued a statement saying they have signed a binding agreement to purchase land for a future ballpark in Las Vegas.Oakland A's president Dave Kaval said the deal with Las Vegas was finalized last week to buy a 49-acre site where the A's plan to build a stadium close to the Vegas strip, in a statement. The statement went on to say that they realize that this is a difficult day for the Oakland fans and community and that they are disappointed that they were not able to achieve a waterfront ballpark in Oakland.Oakland Mayor Sheng Thao also released a statement saying she is disappointed that the A's have decided not to negotiate with the city."In the last three months, we've made significant strides to close the deal," Thao said. "Yet, it is clear to me that the A's have no intention of staying in Oakland and have simply been using this pro...

Seagate: Fiscal Q3 Earnings Snapshot

Published Thu, 20 Feb 2025 11:53:00 GMT

DUBLIN (AP) — DUBLIN (AP) — Seagate Technology Holdings plc (STX) on Thursday reported a loss of $433 million in its fiscal third quarter.On a per-share basis, the Dublin-based company said it had a loss of $2.09. Losses, adjusted for one-time gains and costs, were 28 cents per share.The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.The electronic storage maker posted revenue of $1.86 billion in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $1.97 billion.For the current quarter ending in June, Seagate said it expects revenue in the range of $1.55 billion to $1.85 billion. Analysts surveyed by Zacks had expected revenue of $2.32 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STX at https://www.zacks.com/ap...

Republic Bancorp: Q1 Earnings Snapshot

Published Thu, 20 Feb 2025 11:53:00 GMT

LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Republic Bancorp Inc. (RBCAA) on Thursday reported net income of $28.1 million in its first quarter.The bank, based in Louisville, Kentucky, said it had earnings of $1.42 per share. Earnings, adjusted for non-recurring costs, came to $1.61 per share.The holding company for Republic Bank & Trust posted revenue of $123 million in the period. Its revenue net of interest expense was $115.3 million, falling short of Street forecasts._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RBCAA at https://www.zacks.com/ap/RBCAASource

Inflation takes a March tumble at the wholesale level

Published Thu, 20 Feb 2025 11:53:00 GMT

NEW YORK (AP) — Inflation’s grip on businesses loosened greatly in March, raising hopes that companies and consumers will suffer less from high prices as 2023 rolls on.The U.S. government said plunging energy prices pulled the producer price index down 0.5% in March from February. It marks the biggest decrease in producer prices in three years and follows other reports showing easing inflation on broader consumer prices.Producer prices, also known as wholesale costs, track prices in the production process before they reach the consumer. As a result, the producer price index can provide early signs of where inflation is headed. Some producer price data is also used in the construction of the Federal Reserve’s preferred measure of inflation, and so the decline in producer prices means the Fed’s preferred index may also decline or come in very low when it is reported next week. Lower prices paid by businesses on raw materials and other items means they are less likely to raise prices i...

Heritage Financial: Q1 Earnings Snapshot

Published Thu, 20 Feb 2025 11:53:00 GMT

OLYMPIA, Wash. (AP) — OLYMPIA, Wash. (AP) — Heritage Financial Corp. (HFWA) on Thursday reported first-quarter net income of $20.5 million.The Olympia, Washington-based company said it had profit of 58 cents per share.The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.The bank holding company posted revenue of $74.9 million in the period. Its adjusted revenue was $68.1 million, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $68.3 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HFWA at https://www.zacks.com/ap/HFWASource

East West Bancorp: Q1 Earnings Snapshot

Published Thu, 20 Feb 2025 11:53:00 GMT

PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — East West Bancorp Inc. (EWBC) on Thursday reported first-quarter earnings of $322.4 million.The bank, based in Pasadena, California, said it had earnings of $2.27 per share. Earnings, adjusted for one-time gains and costs, came to $2.32 per share.The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share.The bank holding company posted revenue of $895.5 million in the period. Its revenue net of interest expense was $659.8 million, missing Street forecasts. Six analysts surveyed by Zacks expected $667.1 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EWBC at https://www.zacks.com/ap/EWBCSource

Japan PM denounces attack, vows security review before G7

Published Thu, 20 Feb 2025 11:53:00 GMT

TOKYO (AP) — Japanese Prime Minister Fumio Kishida denounced a pipe bomb attack at a campaign event he attended last weekend and pledged to review security procedures to ensure safety for dignitaries visiting the country for the Group of Seven summit he will host in May.“No matter what the reason is, the use of violence to shut down free speech should never be tolerated,” Kishida told selected media from G-7 countries on Thursday at the Prime Minister’s Office, as he stressed that the attack occurred during a nationwide local election campaign.“The election, which is the foundation of democracy, should not succumb to violence. We must carry out the election until the end,” he said, explaining why he has continued to deliver speeches since the attack on Saturday. A man hurled a pipe bomb at Kishida at the fishing port of Saikazaki in the western prefecture of Wakayana just before he was to make a campaign speech for a local candidate from his governing party. The moment t...

Barcelona needs to beat Atletico to avoid fears of meltdown

Published Thu, 20 Feb 2025 11:53:00 GMT

BARCELONA, Spain (AP) — Barcelona may be lucky Real Madrid has loftier goals than trying to mount a desperate comeback in the Spanish league.If not, then Barcelona would face Sunday’s game against Atletico Madrid with the added pressure of ending its scoring drought to ensure it doesn’t get mired in a late-season slump.Barcelona still has a healthy lead of 11 points over Madrid with nine games remaining. But the team hasn’t scored in three straight games after being beaten by Madrid 4-0 in the Copa del Rey and being held to scoreless draws against modest league opponents in Girona and Getafe.So a loss to Atletico combined with a win the previous night by Madrid when it hosts Celta Vigo could stir up fears of a meltdown as Barcelona tries to win its first league title since the departure of Lionel Messi two seasons ago.Madrid, however, has two other titles almost in its grasp. The team will play Osasuna in the Copa del Rey final in Seville on May 6, and three days later it will...