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Paychex: Fiscal Q4 Earnings Snapshot

Published Wed, 26 Feb 2025 17:59:41 GMT

ROCHESTER, N.Y. (AP) — ROCHESTER, N.Y. (AP) — Paychex Inc. (PAYX) on Thursday reported fiscal fourth-quarter earnings of $350.4 million.On a per-share basis, the Rochester, New York-based company said it had profit of 97 cents.The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.The payroll processor and human-resources services provider posted revenue of $1.23 billion in the period, beating Street forecasts. Eight analysts surveyed by Zacks expected $1.22 billion.For the year, the company reported profit of $1.56 billion, or $4.30 per share. Revenue was reported as $5.01 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAYX at https://www.zacks.com/ap/PAYXSource

Denver Weather: Pinpoint Weather Alert Day for Thursday storm potential

Published Wed, 26 Feb 2025 17:59:41 GMT

DENVER (KDVR) - Thursday is a Pinpoint Weather Alert Day with forecasts having the eastern part of Denver in a slight risk for severe weather.The biggest concern is from I-25 through the Eastern Plains and into Kansas and Nebraska.The area between I-25 and the foothills is now considered a marginal risk for severe weather.Weather today: Afternoon stormsStorms will form over the I-25 corridor from 2-3pm and push out over the plains through the evening hours. Another shower is possible after sunset in the city, with storms clearing across the plains overnight.Storms will be stronger out in the plains. Extra clouds this morning over the city and highs staying in the middle to upper 70s will limit severity in the metro area. Storms today can have large hail, gusty winds, and an isolated tornado.Weather tonight: Slow clearingStorms will push east with slow-clearing skies tonight. Winds will become lighter as temperatures dip into the upper 50s.Looking ahead: More storms and coolerStorm c...

Scottish singer-songwriter Lewis Capaldi cancels tour to adjust to the impact of Tourette syndrome

Published Wed, 26 Feb 2025 17:59:41 GMT

LONDON (AP) — Scottish singer-songwriter Lewis Capaldi said Tuesday that he’s taking a break from touring for the foreseeable future as he seeks to adjust to the impact of Tourette syndrome.His announcement follows his Saturday performance at the Glastonbury Festival where he appeared to lose his voice and the crowd carried him through his songs.“First of all, thank you to Glastonbury for having me, for singing along when I needed it and for all the amazing messages afterwards,” he said in a statement.“The fact that this probably won’t come as a surprise doesn’t make it any easier to write, but I’m very sorry to let you know I’m going to be taking a break from touring for the foreseeable future,” he added.Tourette syndrome is a neurological disorder that causes individuals to make involuntary sounds and movements, often referred to as tics. Capaldi revealed last September that he had been diagnosed with the condition.Capaldi, 26, was due to perform in Zurich, Switz...

Fed’s stress test results show banks’ strength in light of the recent crisis

Published Wed, 26 Feb 2025 17:59:41 GMT

New York (CNN) — The largest US banks have sufficient safeguards in place to weather a severe recession while continuing lending to households and businesses, the Federal Reserve said Wednesday in its annual bank resilience test.The Fed’s stress tests carried extra weight this year after the collapse of three US banks sent shockwaves through the banking system.All 23 banks required to take the Fed’s exam fared better this year compared to last year, despite being subjected to a worst-case scenario that was even more painful than last year’s.Like last year, banks tested remained above their minimum capital requirements in the test’s worst-case scenario but would stand to lose a collective $541 billion. Capital ratios would decline by 2.3% to 10.1%, more than double the requirement.Last year’s tests, which included smaller banks that are tested every other year, found that those tested would lose $612 billion and capital ratios would decline by 2.7% to 9.7%.“Today’s results confirm th...

Department of Justice declares Governor DeSantis’ new law restricting property ownership for Chinese citizens unconstitutional

Published Wed, 26 Feb 2025 17:59:41 GMT

TALLAHASSEE, Fla. (WSVN) – The Department of Justice has deemed Governor Ron DeSantis’s newly signed law, which seeks to restrict property ownership for Chinese citizens in Florida as unconstitutional.The DOJ argued that the law violates both the Fair Housing Act and the 14th Amendment of the United States Constitution.“These unlawful provisions will cause serious harm to people simply because of their national origin, contravene federal civil rights laws, undermine constitutional rights, and will not advance the State’s purported goal of increasing public safety,” the DOJ wrote.Governor DeSantis, who is currently seeking the Republican nomination for President, said the controversial law is an effort to safeguard the state from what he perceives as one of the greatest security threats to the nation.The law, scheduled to take effect on July 1st, has drawn attention and controversy for its violations.

Greek opposition leader Tsipras resigns as Syriza chief after election defeat

Published Wed, 26 Feb 2025 17:59:41 GMT

ATHENS — Greece’s main opposition leader Alexis Tsipras resigned on Thursday from leadership of the Syriza party after a crushing defeat in Sunday’s election.“I decided to propose the election of a new leadership by the members of the party, […] in which of course I will not be a candidate,” he told reporters.“It would be hypocritical of me to propose the need for a process of profound renewal and refoundation only with my words, if I do not serve it at the same time with my attitude,” he added.In Sunday’s elections, the conservative New Democracy party secured a second term and won 40.5 percent of the vote and 158 seats of the 300 available seats, while Syriza lagged far behind with only 17.8 percent and 47 seats.Syriza’s poor performance and Tsipras’ resignation raise questions about whether its status as the main opposition could now be challenged by the Socialist Pasok party.Tsipras was 34 years old when he became the party’s leader 15 years ago and was associated with its...

Break in weather eases airline backups, yet new storm fronts threaten to rain on July 4 travel plans

Published Wed, 26 Feb 2025 17:59:41 GMT

By DAVID KOENIG (AP Airlines Writer)DALLAS (AP) — Backups are easing at U.S. airports thanks to a break in the weather, yet there are still hundreds of delays and cancellations for travelers early Thursday in what is expected to be the peak day for holiday travel, and pockets of dicey weather threaten to scramble air traffic this weekend. More than 1,000 U.S. flights have been delayed and nearly 400 had been canceled before 9:30 a.m. Eastern, according to FlightAware. Scattered showers and thunderstorms are expected in the Northeast later Thursday and Friday and storms are expected further south along the East Coast through Saturday. The West could get hit with similar unstable weather systems for the next several days. Thousands of people have had holiday plans thrown in the air after a wave of storms raked the Northeast over the past few days and frustrations are running high. United Airlines, which operates a hub out of Newark, New Jersey, canceled the most flights among U....

Gallery: Red Sox lose another in the rain against Marlins

Published Wed, 26 Feb 2025 17:59:41 GMT

Boston Red Sox lose to the Miami Marlins 6-2 during a rain delay

Wisconsin Republicans try to force vote on reappointment of nonpartisan election leader

Published Wed, 26 Feb 2025 17:59:41 GMT

MADISON, Wis. (AP) — Republicans who control the Wisconsin Senate, in a surprise move Wednesday night, proceeded with trying to force a vote on firing the state’s nonpartisan top elections official before the 2024 presidential election.The Senate voted to move ahead at a later date with a public hearing, and ultimately a confirmation vote, on the reappointment of Megan Wolfe for a second term overseeing elections in the presidential battleground state. Democrats walked out of the Senate chamber before the vote, objecting to bringing the unscheduled resolution to a vote at 9:30 p.m. on a day that was expected to focus on passage of the state budget.The Republican move was an attempt to get around Democrats on the Wisconsin Elections Commission who a day earlier tried to block the Senate from ever getting a chance to vote on Wolfe’s confirmation. Democrats fear that the Senate will reject her confirmation, which is the same as firing her.The three Democrats on the election...

Stock market today: Banks lead early gains on Wall Street

Published Wed, 26 Feb 2025 17:59:41 GMT

NEW YORK (AP) — Stocks are off to a mostly higher start Wall Street. The S&P 500 was up 0.2% in early trading Thursday. The Dow rose 108 points, or 0.3%, and the Nasdaq composite was up 0.1%. Yields were jumping in the bond market after data showed the U.S. economy grew at a 2% annual rate in the first three months of the year, much stronger than estimated earlier. Banks rose after the Federal Reserve said 23 of the nation’s biggest banks would be able to survive a severe recession in its latest “stress test” of the system.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Wall Street is poised to open with gains Thursday ahead of new data on jobs and U.S. economic growth with the leaders of major central banks saying this week that interest rates must remain elevated to tamp down inflation, though there have been indications that the surge in prices has abated.Futures for the benchmark S&P 500 index and Dow Jones Industrial Average each gained about 0.3% befor...