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Cambridge: Q2 Earnings Snapshot

Published Tue, 25 Feb 2025 11:15:00 GMT

CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Cambridge Bancorp (CATC) on Tuesday reported second-quarter net income of $7.1 million.The Cambridge, Massachusetts-based bank said it had earnings of 91 cents per share. Earnings, adjusted for non-recurring costs, came to $1.23 per share.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.The bank posted revenue of $64.2 million in the period. Its revenue net of interest expense was $39.7 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $40 million.Cambridge shares have declined 30% since the beginning of the year. The stock has dropped 30% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CATC at https://www.zacks.com/ap/CATCSource

Bank of America net income jumps 19%, extending the rally for big banks

Published Tue, 25 Feb 2025 11:15:00 GMT

Bank of America said its profits grew 19% in its most recent quarter, the latest of the big banks to see its bottom line boosted by higher interest rates. The nation’s second-largest bank by assets posted a profit of $7.4 billion in the three months ended June 30, up from $6.2 billion in the same period a year earlier. On a per-share basis, BofA earned 88 cents, compared with 73 cents one year ago. Analysts were expecting profit of 84 cents per share, according to a poll by FactSet. Revenue of $25.2 billion came in just ahead of target. Like its major competitors, BofA has benefitted from wealthy clients, businesses and other customers moving deposits to the bank in search of safety after this spring’s bank failures. The nation’s biggest banks are seen as having an implicit government backstop, due to their “too big to fail” status among the country’s financial institutions. The Federal Reserve has raised its benchmark interest rate to a range of 5% to 5.25% from near zero starting ...

El filtrador acusado de Discord, Jack Teixeira, cita a Trump al pedir ser enjuiciado en libertad

Published Tue, 25 Feb 2025 11:15:00 GMT

(CNN) — El miembro de la Guardia Nacional Aérea de Massachusetts que está acusado de publicar un gran número de documentos clasificados en las redes sociales le pidió este lunes a un juez que reconsiderara su detención, señalando que está acusado de los mismos cargos federales que el expresidente de Estados Unidos, Donald Trump, y que los fiscales no se opusieron a su liberación.En mayo, un juez de Massachusetts dictaminó que Jack Teixeira, de 21 años, permanecería en la cárcel mientras espera el juicio por cargos en virtud de la Ley de Espionaje después de que los fiscales argumentaran que manejó insensiblemente información de seguridad nacional altamente confidencial durante su breve mandato en la Guardia Nacioal. El juez de instrucción, David Hennessy, dijo que Teixeira representaba una amenaza continua para la seguridad nacional.Los abogados de Teixeira argumentaron en una nueva presentación este lunes que el juez debería revertir su decisión de mantener detenido a Teixeir...

Fairfax County’s ‘most wanted’ who was ‘playing games’ with police indicted on murder charge

Published Tue, 25 Feb 2025 11:15:00 GMT

A Virginia man who police once considered Fairfax County’s most wanted has been indicted for killing a man last October.Kyjuan Trott-McLean, 43, of Alexandria, is accused of killing Brandon Wims, 31, last October. Fairfax County police said he opened fire on Wims’ vehicle from a car near a Mount Vernon area apartment complex.Wims was with two others in the vehicle when shots rang out around the Old Mill Gardens apartment complex. He was shot several times and died at the hospital.“The death of Brandon Wims is a tragedy,” Fairfax County Commonwealth’s Attorney Steve Descano said in a statement.It took police almost three months to catch and arrest Trott-McLean.Before his arrest, Trott-McClean was listed as Fairfax County’s “most wanted,” with a $1,000 reward for information that could lead to catching him. Fairfax County police Chief Kevin Davis said police were aware that Trott-McClean knew he was wanted.Trott-McLean was “playing...

Bank of America: Q2 Earnings Snapshot

Published Tue, 25 Feb 2025 11:15:00 GMT

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Bank of America Corp. (BAC) on Tuesday reported second-quarter earnings of $7.41 billion.The Charlotte, North Carolina-based bank said it had earnings of 88 cents per share.The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.The nation’s second-largest bank posted revenue of $43.39 billion in the period. Its revenue net of interest expense was $25.2 billion, also beating Street forecasts. Eight analysts surveyed by Zacks expected $24.97 billion.Bank of America shares have decreased 11% since the beginning of the year, while the S&P’s 500 index has climbed 18%. The stock has declined almost 9% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BAC at https://www.zacks.com/ap/BACSource

Colorado In-N-Out Burger employees barred from wearing masks

Published Tue, 25 Feb 2025 11:15:00 GMT

(KTLA) – In-N-Out Burger has informed employees in five states, including Colorado, that they will no longer be allowed to wear medical masks unless they have a note from their doctor, according to a company memo leaked on Twitter earlier this month.  “We are introducing new mask guidelines that emphasize the importance of customer service and the ability to show our Associates’ smiles and other facial features while considering the health and well-being of all individuals,” the memo reads.  The new rule goes into effect on Aug. 14, according to the memo, and is aimed at workers in Texas, Nevada, Colorado, Arizona and Utah. Workers in California and Oregon who would like to protect themselves from COVID-19 and other illnesses by wearing a medical mask will still be allowed to do so, the L.A. Times reported.  In-N-Out employees who have a “specific medical condition or health concern that requires them to wear a mask” will have to provide a “valid medical note” to their sto...

Who sponsored Mayor Mike Johnston's inauguration party?

Published Tue, 25 Feb 2025 11:15:00 GMT

DENVER (KDVR) — Mike Johnston is officially the new mayor of Denver.Johnston took the oath of office in a Monday morning ceremony at the Ellie Caulkins Opera House. And on Monday night, he's set to celebrate in a public party funded by dozens of sponsors — especially those in the world of real estate and development. Watch: Mike Johnston sworn in as Denver mayor Dubbed the Denver Vibes Festival, it will be held at Wynkoop Plaza at Union Station on Monday night. The event starts at 5 p.m., with Johnston scheduled to speak at 8:45 p.m.The event will feature 13 musical acts and around 50 local artists and vendors. To put on the show, Johnston's inauguration committee arranged dozens of sponsors, with Amazon, Comcast and United Airlines featured most prominently on the list. Event partners include AEG Presents, Fireside at Five and Youth on Record.FOX31 took a look at who's forking up for the new mayor's inauguration party. They're grouped here according to the category to which they'...

Miranda Lambert pauses concert to call out selfie-takers

Published Tue, 25 Feb 2025 11:15:00 GMT

(CNN) — Miranda Lambert just wants to sing her songs, and she wants her concertgoers to put their phones down to listen.The opposite was the case during her performance in Las Vegas on Sunday, where video footage from the concert shows the country star stopping mid-song because some audience members were taking selfies and distracting her.“I’m going to stop right here for a sec,” Lambert said while singing her ballad “Tin Man.”She is then seen pointing into the audience while saying, “these girls are worried about their selfie and not listening to the song and it’s pissing me off a little bit.”“I don’t like it – at all,” she said adding, “We’re here to hear some country music tonight, I’m singing some country damn music. Shall we start again?”The Las Vegas audience showed their support for the Grammy-winner by applauding her remarks, as Lambert then continued singing the song she had paused.CNN has reached out to a representative for Lambert for comment.Lambert’s remarks were met wi...

Mystery cylinder on Western Australia beach likely space junk, authorities say

Published Tue, 25 Feb 2025 11:15:00 GMT

Hong Kong (CNN) — A mystery object that washed ashore on Australia’s western coast sparking a flurry of local excitement and speculation over its origin is most likely space junk, police said Tuesday.Since it has turned up on a beach at Green Head, a coastal town 250 kilometers (155 miles) north of Perth, the copper-colored cylinder had drawn in curious local residents eager to catch a glimpse of the unidentified object.Speculation also erupted online with people posting a host of theories about where it might have come from.The Western Australia Police Force said in a statement on Tuesday that the item is believed to be “space debris”, echoing similar comments from the country’s space agency which was working on the same hypothesis.Police were initially cautious, throwing up a cordon around the object and telling locals to keep away.But in a new update on Tuesday, police said an analysis by the Department of Fire and Emergency Service and Chemistry Centre of Western Australia had f...

As e-cigarette use grows, more research needed on long-term effects of vaping

Published Tue, 25 Feb 2025 11:15:00 GMT

As the number of young people using electronic nicotine delivery systems grows, so does evidence that e-cigarettes may be harmful to human health. More studies are needed to determine the long-term impact these devices may have on the heart and lungs, according to a new science report.The scientific statement from the American Heart Association, published Monday in the journal Circulation, highlights the latest usage data and scientific evidence showing health effects of e-cigarette use, also called vaping. It also recommends research priorities to better understand how these products may affect people’s health over time.“E-cigarettes deliver numerous substances into the body that are potentially harmful, including chemicals and other compounds that are likely not known to or understood by the user,” Dr. Jason J. Rose, chair of the statement writing committee, said in a news release. He is an associate professor of medicine and the associate dean of innovation and ...