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Shares of First Republic Bank continue to slide

Published Sat, 22 Feb 2025 09:03:37 GMT

First Republic Bank plunged at the opening bell Wednesday, an ongoing route that has erased more than 50% of its value just this week on concerns about the bank’s financial health in the wake of two other bank collapses.Shares slumped 16%, following an even more severe tumble Tuesday, after it revealed that depositors withdrew more than $100 billion last month after the collapse of Silicon Valley Bank and Signature Bank.The bank said late Monday that it was only able to stop the bleeding after a group of large banks stepped in to save it by depositing $30 billion in uninsured deposits. The San Francisco bank plans to sell off unprofitable assets, including low interest mortgages it provided to wealthy clients. It also has plans to lay off up to a quarter of its workforce, which totaled about 7,200 employees at the end of last year. Citi analyst downgraded First Republic on Wednesday, saying in a note to clients that there’s still a large level of uncertainty in outcomes ...

German club Fortuna Duesseldorf plans free entry for fans

Published Sat, 22 Feb 2025 09:03:37 GMT

DUESSELDORF, Germany (AP) — German soccer club Fortuna Duesseldorf is planning to let fans attend games for free.Duesseldorf, which currently plays in the second division, announced plans Wednesday for its “Fortuna for all” scheme that will grant free entry to league games starting on a test basis for at least three as-yet undetermined matches next season.“We’re opening soccer for everyone. We’re going a whole new way,” Duesseldorf chief executive Alexander Jobst said. “Free entry means it applies to organized fan support. It applies to season ticket holders. It applies to regular or occasional visitors to the stadium. And it goes for away fans, too.”Jobst said fans who wish to attend games will be able to register their interest through a digital platform. He also said the club will distribute income differently and “more transparently.”“In addition to investing in professional soccer, in the future we will use and promote 20% of the money for youngsters, girls’ and women’s soccer,...

Biden casts himself as defender of freedom in 2024 ad pitch

Published Sat, 22 Feb 2025 09:03:37 GMT

WASHINGTON (AP) — President Joe Biden cast himself as a defender of freedom on Wednesday in his first campaign ad since launching his 2024 reelection bid, aiming to flip the script on Republicans who have traditionally seized that mantle.The television ad, which will air in major markets in the six states Biden carried in 2020 that are key to his path back to the White House, aims to portray Republicans as part of an “extreme movement” bent on overturning elections, restricting access to abortion and undermining voters’ economic security. It’s a taste of what is set to be the core of the Democratic president’s campaign message to voters, as he seeks to paint all Republicans as embracing former President Donald Trump and out of the step with popular opinion and the nation’s values.“Courage, opportunity, democracy, freedom: They’re the values and beliefs that built this country and still beat in our hearts,” a narrator says. “But they’re under attack by a...

Czech government approves defense agreement with US

Published Sat, 22 Feb 2025 09:03:37 GMT

PRAGUE (AP) — The Czech government on Wednesday approved a defense military treaty with the United States.The Defense Cooperation Agreement sets a legal framework for possible deployment of U.S. troops on Czech territory and their cooperation with the Czech armed forces.It should make any such moves easier at a time of Russian aggression against Ukraine.“It’s undoubtedly a step to boost our country’s security,” Prime Minister Petr Fiala said.A date for signing the deal by the Czech and U.S. defense ministers is yet to be set. It will then need parliamentary and presidential approval.Defense Minister Jana Cernochova called the U.S. “the most important ally in defense. Therefore, to boost trans-Atlantic ties is in the Czech vital interest.”The U.S. has such agreements with 24 other NATO members, including Poland, Slovakia, Hungary, Lithuania, Latvia, Estonia, Romania and Bulgaria that form the eastern flank of the alliance.Any particular deployment of U.S. forces will still need...

Stock market today: Big Tech rally steadies Wall Street

Published Sat, 22 Feb 2025 09:03:37 GMT

NEW YORK (AP) — Wall Street is steadying itself with help from rallies in Microsoft and other Big Tech stocks. The S&P 500 was 0.2% higher in early trading, a day after falling to its worst drop in a month. The Dow Jones Industrial Average also rose and the tech-heavy Nasdaq composite led the market with a gain of 0.9%. Microsoft rose after reporting stronger profit for the first three months than analysts expected. Activision Blizzard tumbled after British regulators blocked Microsoft’s deal to buy the videogame maker. Google’s parent company, Alphabet, was drifting following its earnings report. First Republic Bank remained under pressure.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Wall Street was slow to gain traction in premarket trading ahead of another full slate of corporate earnings and more economic data later in the week. Futures for the Dow ticked down less than 0.1% and the S&P 500 was essentially unchanged before the bell Wednesday.Shares of...

Stories told in stitchery at Folk Art Museum’s quilt exhibit

Published Sat, 22 Feb 2025 09:03:37 GMT

NEW YORK (AP) — From simple geometric shapes to the intricately wrought details of daily life, the quilt designs in a show now running at the American Folk Art Museum show how powerfully this art form has told stories for centuries and been a vehicle for creativity.“What That Quilt Knows About Me” comprises 35 quilts and related works in an intimate gallery space.Some tell stories about the maker’s life or process. Others explore quilting technique, using different materials.One quilt estimated to be from the early 1800s bursts with details, including tropical flowers and pugs with fancy collars. Curators don’t know who the artist was, but the appliqued imagery reflects popular pastimes of women in the 19th century.Another quilt in the exhibit is the work of Carl Klewicke, who ran a tailoring business in Corning, New York, in the early 1900s. The piece, made of vivid bits of silk, faille, taffeta and satin, depicts starry constellations, kites and doves – a joyful and precisely craf...

From Sanders to Sauce, NFL draft fashion evolves over time

Published Sat, 22 Feb 2025 09:03:37 GMT

HOUSTON (AP) — Deion Sanders became the NFL draft’s first fashion icon by accessorizing a black and white track suit with loads of sparkling gold jewelry and dark shades when he took the call from the Atlanta Falcons before they selected him fifth overall in 1989.As memorable as Sanders’ draft swag remains, wearing a track suit on draft night or the jean shorts Brett Favre wore would be scoffed at today with top players gathering for a televised event that has become as much runway show as sporting event.While top prospects in this year’s draft like quarterbacks Bryce Young, C.J. Stroud and Anthony Richardson and defensive lineman Will Anderson Jr. prepare their fits for the big night, we look back at some of the most memorable draft night ensembles since the splash by Sanders. Ray Lewis chose a flashy Versace look when the Ravens took him in the first round in 1996. The linebacker rocked a silk shirt, belt and sunglasses by the designer with white slacks as he helped usher in the m...

Velada del año 3 de Ibai: cuándo es, quiénes son los participantes y lo que debes saber de las entradas

Published Sat, 22 Feb 2025 09:03:37 GMT

(CNN Español) — Ibai Llanos, el popular streamer español, organiza la Velada del año 3, un evento deportivo que reúne cada año a reconocidos creadores de contenido del mundo digital, así como a otros famosos, que se enfrentan en una serie de combates de boxeo transmitidos a través de su canal de Twitch.¿Qué es la Kings League de Gerard Piqué e Ibai Llanos y cómo funciona?El streamer dio a conocer los detalles de la tercera edición de la velada del año en sus redes sociales y a través de su canal de Twitch, donde reveló la fecha, el lugar, los participantes que estarán este año y todo sobre las entradas. Esto es lo que debes saber.¿Cuándo es la Velada del año 3 de Ibai?La Velada del año 3 de Ibai será el sábado 1 de julio de 2023, según lo confirmó Llanos en sus redes sociales. El evento deportivo tendrá lugar en el estadio Cívitas Metropolitano de Madrid.Durará de 6 a 7 horas, dijo el streamer, durante las cuales también habrá actuaciones de artistas invitados que se darán a c...

3 high schoolers arrested in deadly rock-throwing crime spree

Published Sat, 22 Feb 2025 09:03:37 GMT

JEFFERSON COUNTY, Colo. (KDVR) — Three 18-year-olds have been arrested in connection to the rock-throwing crime spree in Jefferson and Boulder County that killed a 20-year-old woman. The Jefferson County Sheriff's Office has announced the arrest of three suspects in a case that has grabbed the attention of many in the metro area as well as nationally. Overnight Tuesday into Wednesday morning, JCSO said they arrested Joseph Koenig, Nicholas “Mitch” Karol-Chik, and Zachary Kwak. The three men are all 18 years old and were taken into custody at their parents' homes in Arvada. According to Jacki Kelley with JCSO, all three men were seniors at three different high schools in Jefferson County. Investigators do not believe they had any relation to the victims in the crime spree. Out-of-town couple watches armed home burglary through surveillance camera All three are suspected of throwing rocks, and all are facing charges of first-degree murder - extreme indifference. Additional charges a...

These are the best cities for summer vacation in US

Published Sat, 22 Feb 2025 09:03:37 GMT

DENVER (KDVR) -- Whether you are looking to check out a beach or climb a mountain this summer, there are great vacation options across the United States.If you haven't started making plans, Trips to Discover recently put together a list of the best cities for summer vacation in every state. Photographer creates list of 100 things to do in Estes Park "The top summer destinations were chosen based on their quality of weather at this time of year, the number of activities available for the whole family, and easy access to outdoor adventures where you can enjoy views of stunning natural beauty," Trips to Discover shared.Best place for summer vacation in ColoradoAccording to the list, Estes Park was named the best place for summer vacation in Colorado. Estes Park is filled with many opportunities, especially for outdoor enthusiasts. You can take a hike through Rocky Mountain National Park, go fishing, see incredible mountain views, and even see an endless amount of wildlife."Estes Park...