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Western Alliance: Q2 Earnings Snapshot

Published Mon, 24 Feb 2025 10:30:54 GMT

PHOENIX (AP) — PHOENIX (AP) — Western Alliance Bancorp (WAL) on Tuesday reported second-quarter profit of $215.7 million.The Phoenix-based bank said it had earnings of $1.96 per share.The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share.The bank holding company posted revenue of $1.12 billion in the period. Its revenue net of interest expense was $678 million, which topped Street forecasts. Seven analysts surveyed by Zacks expected $658.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAL at https://www.zacks.com/ap/WALSource

Hearing in Trump’s classified documents case ends with no immediate decision on trial date

Published Mon, 24 Feb 2025 10:30:54 GMT

In this image from video provided by the U.S. Senate, Aileen M. Cannon speaks remotely during a Senate Judiciary Committee oversight nomination hearing to be U.S. District Court for the Southern District of Florida on July 29, 2020, in Washington. Cannon, the Florida judge who issued a court ruling last year that critics said was unduly favorable to Donald Trump is set to preside over the first pretrial conference in his landmark criminal case concerning the willful retention of classified documents. (U.S. Senate via AP) In this image from video provided by the U.S. Senate, Aileen M. Cannon speaks remotely during a Senate Judiciary Committee oversight nomination hearing to be U.S. District Court for the Southern District of Florida on July 29, 2020, in Washington....

United Community Banks: Q2 Earnings Snapshot

Published Mon, 24 Feb 2025 10:30:54 GMT

BLAIRSVILLE, Ga. (AP) — BLAIRSVILLE, Ga. (AP) — United Community Banks Inc. (UCBI) on Tuesday reported second-quarter profit of $63.3 million.The bank, based in Blairsville, Georgia, said it had earnings of 53 cents per share. Earnings, adjusted for one-time gains and costs, came to 55 cents per share.The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.The bank holding company posted revenue of $332.2 million in the period. Its revenue net of interest expense was $236.7 million, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $240.2 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UCBI at https://www.zacks.com/ap/UCBISource

Man arrested on Capitol riot charges after prison sentence for white nationalist march in Virginia

Published Mon, 24 Feb 2025 10:30:54 GMT

A man who served a prison term for joining torch-toting white nationalists in marching through the University of Virginia’s campus in 2017 rally has been arrested on charges that he stormed the U.S. Capitol and attacked police officers. Tyler Bradley Dykes, 25, of Bluffton, South Carolina, was arrested in Charlottesville, Virginia, and made his initial court appearance on Monday, according to court records. A federal judge ordered Dykes held in custody until a detention hearing on Wednesday.Videos captured Dykes tearing down police barriers, attacking officers outside the Capitol and stealing a riot shield during a mob’s attack on Jan. 6, 2021, an FBI affidavit says.Dykes previously was charged in a Virginia state court with illegally participating in the August 2017 march on the night before the deadly “Unite the Right” rally in Charlottesville. Far-right extremists clashed with counterprotesters on the streets of Charlottesville before an Ohio man linked to a white sup...

Officials worry about confusion with Alaska’s tsunami-warning alert system

Published Mon, 24 Feb 2025 10:30:54 GMT

ANCHORAGE, Alaska (AP) — Confusion around an emergency alert received by Alaska residents in areas not at risk of a potential tsunami after a major weekend earthquake could shake public confidence in the warning system, local officials said.A magnitude 7.2 earthquake about 70 miles (111 kilometers) south of Sand Point triggered a brief tsunami warning for parts of southern Alaska late Saturday that prompted people to evacuate from low-lying areas. People as far away as Anchorage also received tsunami alerts on their phones, though they were not at risk of a tsunami, the Anchorage Daily News reported.A warning issued late Saturday by the National Tsunami Warning Center covered an area about 40 miles (64 kilometers) southwest of Homer to an area about 80 miles (128.7 kilometers) northeast of Unalaska. It was later downgraded to an advisory and then canceled. Emergency managers and tsunami scientists said they were following their systems, which err on the side of caution and speed. Bu...

Denver metro rents, vacancy rates slightly up

Published Mon, 24 Feb 2025 10:30:54 GMT

DENVER (KDVR) -- A slate of new apartment units still isn't nudging rent down around the Denver metro, according to a new report. The Apartment Association of Metro Denver released its second-quarter vacancy and rent report Tuesday. Among other findings, the report records flat apartment rents and vacancies. The median rent is now $1,802 per month. Cat that lived at Coors Field for 10 years needs a new home The association said the metro is still short on housing units, however many are being built. There are over 45,800 new units under construction slated to come onto the market this year. While that has prevented rents from heating up further, it has not lowered rents or raised vacancies. "Vacancies were slightly down to 5.5%, down just .1% from last quarter," the report reads. "Rents increased $32 for the quarter, which is a typical trend for the second quarter of the year.  Average rents are now at $1,878 per month, which is 2% higher than a year ago." Mayor Mike Johns...

Denver weather: Rain returns to reduce heat for several days

Published Mon, 24 Feb 2025 10:30:54 GMT

DENVER (KDVR) — Rain chances will be increasing for the remainder of the week in Denver weather. The moisture will help keep everything green despite the recent stretch of dry and hot days. The Pinpoint Weather team, Colorado’s Most Accurate Forecast, forecast some areas could get more than an inch in the coming days.Possible rain totals across Colorado from Wednesday through FridayWeather tonight: Scattered stormsThere will be scattered showers and thunderstorms early Tuesday evening in metro Denver and along the Front Range. Some storms could bring a gust of wind. Most places won't see much rain as the storms will struggle to survive as they will be drying as they move across the plains.Forecast overnight low temperatures by Wednesday morningWeather tomorrow: Not as hot with rain chancesWednesday brings another round of afternoon and evening thunderstorms thanks to a cold front that will pass early in the day. Temperatures will not be as hot as the last few days. Metro Denver...

Trump is notified he's a target of the US criminal probe into efforts to overturn the 2020 election

Published Mon, 24 Feb 2025 10:30:54 GMT

WASHINGTON (AP) — Former President Donald Trump said Tuesday he has received a letter informing him that he is a target of the Justice Department's investigation into efforts to overturn the results of the 2020 presidential election, an indication he could soon be charged by U.S. prosecutors.New federal charges, on top of existing state and federal counts in New York and Florida and a separate election-interference investigation nearing conclusion in Georgia, would add to the list of legal problems for Trump as he pursues the 2024 Republican presidential nomination. Trump disclosed the existence of a target letter in a post on his Truth Social platform, saying he received it Sunday night and that he anticipates being indicted. Such a letter often precedes an indictment and is used to advise individuals under investigation that prosecutors have gathered evidence linking them to a crime; Trump himself received one soon before being charged last month in a separate investigation into t...

4 Colorado cities among best for first-time homebuyers

Published Mon, 24 Feb 2025 10:30:54 GMT

DENVER (KDVR) -- For all the state's housing expensiveness, some Colorado cities are among the best in the country for first-time homebuyers, according to a new report. Colorado has shot to the top of the nation's expense in recent years, and its housing market's tightness is likely cramping first-time homebuyers in a country where they are already being squeezed. Nationally, 26% of home purchases made in 2022 were made by first-time buyers, down from 34% the previous year. Castle Rock teen accused of terrorist ties To shed light on where the best deals are, financial adviser site WalletHub compared 300 cities of varying sizes across 22 key indicators of market attractiveness, affordability and quality of life. These include housing affordability relative to area income, the health of the local real estate market, the area's education, transportation, economy and crime.Several Colorado cities rank highly on the list, including Thornton, Greeley, Arvada and Longmont. Ma...

Neguse introduces agriculture bill to improve sustainable farming 

Published Mon, 24 Feb 2025 10:30:54 GMT

DENVER (KDVR) -- Representatives Joe Neguse (D-Colorado) and Mike Flood (R-Nebraska) proposed the Sustainable Agriculture Research Act which aims to improve sustainable agriculture through advanced farming practices.  “This investment will fund publicly available research to increase sustainable and efficient use of water, soil, and other resources in food production,” Rocky Mountain Farmers Union President, Chad Franke said in a release about the bill. Rep. Neguse discusses inflation, economy The bill federally supports the Agriculture Advanced Research and Development Authority program, which focuses on eco-friendly farming and soil research.  With the approval of the bill, the program plans to reduce carbon emissions through carbon sequestration, a natural process that stores carbon. Neguse already met with locals in the agriculture industry during his farm bill listening sessions. “I’ve heard from Colorado’s farmers of the innovative approaches they ar...