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Business Highlights: Debt ceiling; Teacher pay

Published Fri, 07 Feb 2025 07:01:59 GMT

___Debt options abound, but can Biden, McCarthy strike a deal?WASHINGTON (AP) — The White House and Congress could strike a deal to raise the debt ceiling in exchange for budget cuts. Or they could agree to a stopgap measure to keep paying the nation’s bills while negotiations continue. They could also do nothing, sending the economy into a tailspin. As President Joe Biden prepares to meet with House Speaker Kevin McCarthy and leaders of Congress, the options for easing the debt ceiling standoff are many. But the political incentive for compromise is harder to come by. There’s no easy endgame ahead of a June 1 deadline to raise the debt ceiling or risk default.___Teachers earn $67K on average. Is push for raises too late?HARRISBURG, PA (AP) — As schools across the country struggle to find teachers to hire, more governors are pushing for pay increases and bonuses for the beleaguered profession. Some are doing it for the second straight year, as others vow to beat out other states com...

PRA Group: Q1 Earnings Snapshot

Published Fri, 07 Feb 2025 07:01:59 GMT

NORFOLK, Va. (AP) — NORFOLK, Va. (AP) — PRA Group Inc. (PRAA) on Monday reported a loss of $58.6 million in its first quarter.The Norfolk, Virginia-based company said it had a loss of $1.50 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 45 cents per share.The debt collector posted revenue of $155.5 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $222.8 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRAA at https://www.zacks.com/ap/PRAASource

Paypal: Q1 Earnings Snapshot

Published Fri, 07 Feb 2025 07:01:59 GMT

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Paypal Holdings Inc. (PYPL) on Monday reported first-quarter profit of $795 million.The San Jose, California-based company said it had net income of 70 cents per share. Earnings, adjusted for one-time gains and costs, were $1.17 per share.The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.The technology platform and digital payments company posted revenue of $7.04 billion in the period, also beating Street forecasts. Thirteen analysts surveyed by Zacks expected $6.99 billion.For the current quarter ending in June, Paypal expects its per-share earnings to range from $1.15 to $1.17.The company expects full-year earnings to be $4.95 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 PYPL at https://www.zacks.com/ap/...

New Mountain: Q1 Earnings Snapshot

Published Fri, 07 Feb 2025 07:01:59 GMT

NEW YORK (AP) — NEW YORK (AP) — New Mountain Finance Corp. (NMFC) on Monday reported first-quarter profit of $44.6 million.On a per-share basis, the New York-based company said it had profit of 40 cents. Earnings, adjusted for investment gains, came to 38 cents per share.The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.The business development company posted revenue of $92 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $87 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NMFC at https://www.zacks.com/ap/NMFCSource

Letecia Stauch found guilty of murdering stepson Gannon, sentenced to life in prison

Published Fri, 07 Feb 2025 07:01:59 GMT

COLORADO SPRINGS, Colo. (KDVR) -- The jury in the Letecia Stauch murder trial reached a verdict on Monday afternoon. Stauch was found guilty of all charges related to murdering her stepson, 11-year-old Gannon, including first-degree murder after deliberation, first-degree murder of a child under 12 years old by a person in a position of trust, tampering with a deceased human body and tampering with physical evidence.For each murder conviction, she was sentenced to life in prison without the possibility of parole. These sentences will be merged, meaning they will be served at the same time.Additionally, she was sentenced to 12 years for tampering with a deceased human body and 18 months for tampering with physical evidence. These will be served after her life sentence.FOX31's Nicole Fierro has been following this case from the beginning and has been monitoring the trial since it began. She was in court for the reading of the verdict. Closing arguements made in Letecia Stauch murder...

Denver restaurant to reopen following double homicide

Published Fri, 07 Feb 2025 07:01:59 GMT

DENVER (KDVR) -- Denver restaurant American Elm will reopen for full service starting May 18, as well as open for limited hours on Mother's Day weekend.Also for Mother's Day, the restaurant, located in the 4100 block of West 38th Avenue, is offering a to-go brunch called, "Mother's Day Brunch at Home," that can be ordered ahead of time until May 11 at noon.The reopening comes weeks after two restaurant employees -- Emerall Vaughn-Dahler and Ignacio "Nacho" Gutierrez Morales -- were found dead from gunshot wounds inside the restaurant. Restaurant community bands together to support homicide victims’ families The restaurant closed after that. It also launched a GoFundMe, with the amount raised going directly to the families of Vaughn-Dahler and Morales. Just over $150k was raised before it was closed to new donations.No arrests had been announced as of Monday afternoon.Metro Denver Crime Stoppers is offering a reward of up to $5,000 for information leading to a suspect. Anonymous ti...

Aurora Police investigating possible drive-by that injured minor

Published Fri, 07 Feb 2025 07:01:59 GMT

AURORA, Colo. (KDVR) -- The Aurora Police Department is investigating a possible drive-by shooting early Sunday morning that injured a minor-aged victim.Officers responded to a shots fired call at a park near the 18700 block of East Union Place at 1:32 a.m. ‘There were kids down there,’ survivor describes collapse at Gaylord Rockies that injured 6 The victim was found suffering from a nonfatal gunshot wound and taken to a nearby hospital.

Frontier passenger boards wrong plane, lands in different country without passport

Published Fri, 07 Feb 2025 07:01:59 GMT

A Frontier passenger accidentally boarded the wrong flight and landed nearly 900 miles from her final destination, in a different country without a passport.Beverly Ellis-Hebard was headed for Jacksonville, but ended up on a flight to Jamaica instead.Airline officials said there had been a gate change prior to takeoff but the passenger was unaware.Once in Jamaica, the flight crew remained with her, until eventually, she boarded another flight to Philadelphia.Frontier offered Ellis-Hebard a $600 voucher and refunded her original ticket.

4 hospitalized after crashing into MDPD cruiser in NW Miami-Dade; several subjects accused of armed carjacking taken into custody

Published Fri, 07 Feb 2025 07:01:59 GMT

Four people was transported to the hospital after a vehicle collided with a Miami-Dade Police cruiser.MDPD and Miami-Dade Fire Rescue arrived at the scene of the crash in the area of Northwest 25th Avenue and 62nd Street, Monday afternoon. According to City of Miami Police, they were following a suspect’s vehicle in Miami that was allegedly involved in an armed carjacking Monday morning. Their pursuit ended when the vehicle crashed into a MDPD cruiser in Northwest Miami-Dade. 7Skyforce hovered over the scene where one person was seen in handcuffs on a stretcher as they were being moved into a rescue vehicle. Police told 7News that one of the suspect’s in the vehicle pointed a rifle out the window. They do not know if the suspect fired any shots. The cruiser had damage to its front bumper and one vehicle was seen flipped on its side. The officer in the cruiser was not injured during the crash but was taken to the hospital as a precaution. According to police, three subj...

Spring Patterns

Published Fri, 07 Feb 2025 07:01:59 GMT

What a weekend! What a day! We have more sunny days ahead this week thanks to a stagnant pattern. Last week, I spent several days explaining the reason for the day after day after day doldrum weather and it was basically a typical spring pattern. Last week we were under the influence of a slow moving Low Pressure system and this week it will be a slow moving High Pressure system! During spring, it’s common to find these High & Low pressure system moving slow. During the winter, these weather systems are still present but move faster due to a faster jet stream. In springtime, the winter jet stream begins to weaken (slow down) and retreat into Canada. The result is those weather systems move slow. Hence, a lot of sunshine this week!Even tho we’ll have mostly sunny skies tomorrow, it will be cooler, especially along the coast. The reason is that cool front quietly moving through southern New England tonight (no rain). That front will drag down some cooler air from Canad...