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This week: Starbucks, Amazon earnings; July jobs report

Published Sat, 22 Feb 2025 10:25:39 GMT

BREWING PROFITSStarbucks reports its third-quarter financial results after the bell on Tuesday.Analysts forecast that Seattle-based Starbucks earned 95 cents-per-share in the period on sales of $9.3 billion. In the same quarter a year ago, the retail coffee chain posted per-share profit of 84 cents on sales of $8.2 billion. In its most recent quarter, Starbucks enjoyed stronger-than-expected sales as demand in China began to recover.ONLINE RETAIL BELLWEATHERAmazon issues its second-quarter earnings report after the bell on Thursday.Wall Street is expecting the e-commerce giant to post profit of 35 cents per share on $131.4 billion in sales for the quarter. In the same period a year ago, Seattle-based Amazon lost $2 billion, or 20 cents per share, in the three-month period ended June 30. That loss was driven by a $3.9 billion write-down of the value of its investment in electric vehicle start-up Rivian Automotive. Amazon has since returned to profit the past three quarters.EYE ON JOB...

Stock market today: Asia shares gain after Wall St rally as investors pin hopes on China stimulus

Published Sat, 22 Feb 2025 10:25:39 GMT

BANGKOK (AP) — Shares were mostly higher in Asia on Monday after Wall Street got back to climbing following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy.Sentiment also has been boosted by revived hopes for more stimulus from Beijing for the sluggish Chinese economy. Chinese factory activity contracted in July as export orders shrank, a survey showed, adding to pressure on the ruling Communist Party to reverse an economic slowdown.A purchasing managers’ index issued by the national statistics agency and an industry group improved to 49.3 from June’s 49 on a 100-point scale but was below the 50-point level that shows activity contracting.“The PMI surveys suggest that China’s economic recovery continued to lose momentum in July,” Julian Evans-Pritchard of Capital Economics said in a commentary. “Looking forward, policy support is needed to prevent China’s economy from slipping into a recession, not least because external...

Sospechan que fue “intencional” el arrollamiento de seis trabajadores migrantes en Carolina del Norte

Published Sat, 22 Feb 2025 10:25:39 GMT

(CNN) — Seis trabajadores migrantes fueron atropellados y heridos por una camioneta frente a un Walmart de Carolina del Norte en lo que parece ser un “asalto intencional” este domingo por la tarde, y las autoridades buscan al conductor involucrado, dijo la policía.El hecho ocurrió después de la 1:00 p.m. hora local fuera de la tienda en la ciudad de Lincolnton, a unas 61 kilómetros al noroeste de Charlotte, según el Departamento de Policía de Lincolnton.Los seis heridos fueron trasladados a un hospital local con varias lesiones, dijo la policía, y agregó que ninguna de las lesiones parecía poner en peligro la vida.Las víctimas de la masacre de Walmart en El Paso, Texas, se enfrentan al atacante en la corte: lo llaman “monstruo”, “asesino”, “parásito”La policía describió al conductor involucrado en el incidente como “un hombre blanco mayor” que conducía un SUV negro de tamaño mediano modelo más antiguo con portaequipajes.El departamento no pr...

Orioles jump on Yankees early for 9-3 win in Sunday night spotlight, claim season series for first time since 2016

Published Sat, 22 Feb 2025 10:25:39 GMT

Much of the Orioles’ rebuild was spent out of the national spotlight, though that’s likely where they preferred their frequent defeats, the all-too-common games where the opposing team put them in an insurmountable hole.On Sunday, they returned the favor to one of the frequent deliverers of those challenging nights, beating the New York Yankees, 9-3, in front of a national audience on ESPN’s “Sunday Night Baseball.” The last time Camden Yards hosted a “Sunday Night Baseball” was on Aug. 26, 2018, one of the many defeats in a four-year span in which they lost 36 more games than any other organization.But Baltimore (64-41) has come out the other side as one of baseball’s best teams. By winning Sunday, the Orioles claimed the season series against the Yankees for the first time since 2016, the season of their most recent playoff berth. They’re positioned to end that drought, leading the Tampa Bay Rays by 1 1/2 games in the American ...

Luis Severino regresses on the mound as Orioles crush Yankees’ righty

Published Sat, 22 Feb 2025 10:25:39 GMT

BALTIMORE — The Yankees hoped that Luis Severino had figured things out.The right-hander, following an abysmal seven-start stretch, showed notable improvement in his last two outings. While the most recent, a 5.2-inning, three-run start against the Royals wasn’t spotless, the optimistic outlook was that Severino had strung together some performances to build on after allowing 33 earned runs over 31.1 innings between June 2 and July 6.But whatever foundation Severino had laid came crashing to the ground Sunday at Camden Yards, where the first-place Orioles obliterated the former Cy Young finalist in a 9-3 victory that also cemented a series win.Baltimore jumped Severino as soon as he took the mound, beginning the game with two singles before Anthony Santander started the scoring with an RBI double. Ryan O’Hearn immediately followed with a two-run double before Adam Frazier drilled a three-run homer.With Severino searching yet again, the Orioles had themselves a 6-0 ...

Family identifies fatal wrong-way crash victim as loving father of six

Published Sat, 22 Feb 2025 10:25:39 GMT

SAN DIEGO -- The family of the man killed on Wednesday in a wrong-way freeway crash has identified him as a 57-year-old Los Angeles resident and loving father of six.The crash happened shortly before noon on southbound Interstate 805 near Camino De La Plaza, which is the last U.S. exit on the roadway.According to his family, Abel Bermudez Griego was traveling southbound to Ensenada to see his mother and pick up his daughter for a weekend trip, when a Audi sedan collided head-on with his Honda van. He was later pronounced dead.“This just flipped my family’s world upside down and right now we still can’t believe it," Jorge Benitez, the victim's son said. “He was just a great guy, I’m going to miss him, everybody loved him.” Nearly 100 weapons collected at gun safety event: SDSO Benitez said his dad lived in Los Angeles County in the City of La Puente, where Griego worked as a union interior construction worker.“My dad, great guy, everybody loved him, looked out for everybody, would ...

Man hit, killed after I-805 fender bender identified

Published Sat, 22 Feb 2025 10:25:39 GMT

SAN DIEGO -- The man fatally struck on the northbound Interstate 805 on Friday has been identified by the San Diego Medical Examiner's office.Richard Anthony Rollo, a 61-year-old resident of San Diego, was named by authorities as the deceased. Next of kin has been notified.The incident occurred around 12 p.m., California Highway Patrol said on Friday. Rollo had pulled over to the shoulder of the I-805 after getting involved in a minor, property damage-only crash with a Freightliner semi-truck.According to authorities, he got out of his Acura sedan, which was parked near the State Route 52 on-ramp transition. The Freightliner semi-truck had pulled into the gore in between the I-805 main lanes and the connector. 47-year-old man in Sheriff’s custody dies after found unresponsive in cell Rollo got out of his vehicle to talk to the driver of the semi-truck, crossing across the transition lanes to make contact, CHP said on Friday.After discussing the crash, Rollo attempted to cross back...

4 crew members on Australian army helicopter that crashed off coast didn’t survive, officials say

Published Sat, 22 Feb 2025 10:25:39 GMT

CANBERRA, Australia (AP) — The Australian army helicopter that crashed Friday during a multinational exercise hit the water with a “catastrophic impact” and there is no chance its four crew members survived, officials said Monday.Australia’s fleet of more than 40 of the MRH-90 Taipan helicopters, made by French Airbus, has been grounded since the crash and there are doubts any will fly again. They will be grounded until crash investigators determine what caused the tragedy. The government announced in January it plans to replace them with 40 U.S. Black Hawks. The Taipans’ retirement date of December 2024 would be 13 years earlier than Australia had initially planned.Defense Minister Richard Marles said the search and rescue effort changed Monday to a victim recovery operation with no chance that Capt. Danniel Lyon, Lt. Maxwell Nugent, Warrant Officer Joseph Laycock or Cpl. Alexander Naggs had survived.“There was a catastrophic incident and with every passing hour, it is now clear th...

As the pope heads to Portugal, he is laying the groundwork for the church’s future and his legacy

Published Sat, 22 Feb 2025 10:25:39 GMT

VATICAN CITY (AP) — When Pope Francis made the first foreign trip of his papacy, to Rio di Janeiro for World Youth Day in 2013, he urged young people to make a “mess” in their local churches, to shake things up even if it ruffled the feathers of their bishops.As he embarks this week on another edition of World Youth Day, in Lisbon, Portugal, Francis in many ways has taken his own advice to heart. After 10 years as pope, Francis is accelerating his reform agenda and making revolutionary changes in personnel and policy that are definitely shaking things up.Unencumbered by the shadow of Pope Benedict XVI, who died seven months ago, and despite recovering from a second intestinal surgery in as many years, the 86-year-old Francis is opening a frenetic second half of the year with his Portugal visit. He seems aware that he has a limited sweet spot of time to solidify the changes he believes are necessary for the 21st century church, and is looking to the next generation of faithful and le...

Caribbean Export forges closer ties with the Dominican Republic through headquarters agreement signing

Published Sat, 22 Feb 2025 10:25:39 GMT

Caribbean Export signs a Headquarters Agreement with the Government of the Dominican Republic. The signing marks a milestone in a new era of collaboration and progress for the Caribbean. Caribbean Export is committed to fostering greater regional trade and attracting foreign direct investment to the Caribbean. The Caribbean Export Development Agency (Caribbean Export) took a significant step forward in strengthening trade and co-operation with the Dominican Republic as Minister of Foreign Affairs, Roberto Álvarez, and Caribbean Export’s Executive Director, Deodat Maharaj, gathered for the momentous signing of a Headquarters Agreement formalizing the operations of the Subregional Office of the agency in the Dominican Republic (DR). After signing the agreement, Minister Álvarez highlighted that Dominican companies will now enjoy the distinct advantage of having the agency’s Subregional Office formally established within the country. Caribbean Export’s primary objective is to boost tra...