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First Republic Bank stock plunges as depositors flee

Published Wed, 26 Feb 2025 14:11:41 GMT

NEW YORK (AP) — First Republic Bank's stock plunged Tuesday after it said depositors withdrew more than $100 billion during last month’s crisis, with fears swirling that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank.The San Francisco bank said late Monday that it was only able to stanch the bleeding after a group of large banks stepped in to save it by depositing $30 billion in uninsured deposits. But investors remained deeply skeptical on what path forward exists for First Republic either as an independent firm or as an acquisition target. The bank likely will have lower profits for years, and if the bank is bought, any purchase would come with an immediate loss to any buyer. The bank says it plans to sell off unprofitable assets, including the low interest mortgages that it provided to wealthy clients. It also announced plans to lay off up to a quarter of its workforce, which totaled about 7,200 employees at the end of 2022. “With ...

Oilers beat Kings to take 3-2 lead in playoff series

Published Wed, 26 Feb 2025 14:11:41 GMT

EDMONTON, Alberta (AP) — Nick Bjugstad scored twice as the Edmonton Oilers beat the Los Angeles Kings 6-3 on Tuesday night to take a 3-2 lead in the first-round playoff series.The Oilers are a win away from advancing to the second round. Game 6 is Saturday in Los Angeles. Game 7, if necessary, would be Monday in Edmonton.Leon Draisaitl, Evander Kane, Zach Hyman and Brett Kulak also scored for Edmonton. Connor McDavid and defensemen Mattias Ekholm and Darnell Nurse had two assists apiece.Hyman’s goal came when he was hit in the face on a shot by Evan Bouchard and the puck deflected past the Kings’ Pheonix Copley for the Oilers’ fifth goal of the game. Hyman stayed in the game.Stuart Skinner was back in the net for Edmonton’s after he was swapped out for Jack Campbell one period into the Oilers’ Game 4 overtime win Sunday. The 24-year-old Skinner made 25 saves.Kings goalie Joonas Korpisalo was pulled for Copley in the second period after Edmonton’s fourth goal....

Barlow strands 2 in 9th, Royals beat D-backs 5-4 for 6th win

Published Wed, 26 Feb 2025 14:11:41 GMT

PHOENIX (AP) — Scott Barlow got Christian Walker to hit into a game-ending groundout with runners on second and third, and the Kansas City Royals beat the Arizona Diamondbacks 5-4 on Tuesday night for just their second win in 11 games.Brady Singer (2-1) rebounded from three poor starts and the Royals tied their season high with 14 hits. Every starter except Franmil Reyes had at least one hit for the Royals. Kansas City is 6-18, including 5-6 on the road but just 1-12 at Kauffman Stadium.Corbin Carroll was a home run shy of the cycle for Arizona and stole two bases.After allowing 18 runs over 16 innings in his prior three outing, Singer gave up one run and five hits in six innings and lowered his ERA ERA from 8.14 to 6.67.Kansas City opened a 5-2 lead on Anthony Misiewicz’s run-scoring wild pitch in the eighth, but Arizona closed in the bottom half on Emmanuel Rivera’s two-run single off Aroldis Chapman.Barlow relieved with Rivera on second and out one and struck out Gabr...

Booker scores 47, leads Suns past Clippers to win series

Published Wed, 26 Feb 2025 14:11:41 GMT

PHOENIX (AP) — Devin Booker scored 47 points, including 25 in a spectacular third quarter, to lead the Phoenix Suns past the Los Angeles Clippers 136-130 on Tuesday night and win the Western Conference first-round playoff series in five games.The Clippers didn’t go quietly, nearly coming back from a 20-point deficit early in the fourth. Los Angeles had multiple chances to tie in the final three minutes, but could never convert. Durant made a layup to push Phoenix’s lead to 134-130 and then made two free throws to put the Suns up six with 31.3 seconds left.Durant finished with 31 points while Deandre Ayton had 21 points and 11 rebounds. Booker shot 19 of 27 from the field.Durant’s final free throws capped a wild back-and-forth second half that saw the Clippers take a 71-61 lead early in the third.But the Suns — led by Booker’s stellar shot making — unleashed a powerful wave of offense, pouring in 50 points in the third quarter to take a 111-94 lead into the fo...

Blake Sabol’s 2-run homer sends Giants past Cardinals 5-4

Published Wed, 26 Feb 2025 14:11:41 GMT

SAN FRANCISCO (AP) — Blake Sabol hit a game-ending two-run homer in the ninth inning, and the San Francisco Giants rallied past the St. Louis Cardinals 5-4 on Tuesday night.With two outs and a runner on second, Sabol sent Ryan Helsley’s 1-2 offering over the wall in center field for his first career walk-off homer. Helsley (0-2) blew his third save of the year.San Francisco trailed 4-2 entering the ninth. Joc Pederson reached on a fielding error by second baseman Tommy Edman, and Mike Yastrzemski followed with an RBI double to bring the Giants within one.Yastrzemski homered earlier in the game as San Francisco won its fourth in a row.Paul Goldschmidt broke a 2-2 tie with a two-run single in the eighth inning to give the Cardinals their first lead of the night.Edman homered in the third for the Cardinals.Sean Hjelle (1-0) pitched a scoreless ninth. San Francisco used eight pitchers, with opener John Brebbia pitching the first 1 1/3 innings.The Giants took an early lead in the bottom ...

Drury, Angels ride 4-run first to 5-3 win over Athletics

Published Wed, 26 Feb 2025 14:11:41 GMT

ANAHEIM, Calif. (AP) — Brandon Drury had a two-run triple, and the Los Angeles Angels used a four-run first inning to beat the Oakland Athletics 5-3 on Tuesday night.Mike Trout went 2-for-4 with a double, Shohei Ohtani had two stolen bases, and the Angels have alternated wins and losses over their past five games.Griffin Canning (1-0) allowed three runs in five innings while striking out seven. Shea Langeliers hit a home run, Mason Miller (0-1) gave up four runs in four innings, and the A’s lost for the 10th time in their past 12 games.Coming off a 11-10 extra-innings loss on Monday, the Angels’ bats carried over from that wild defeat by getting four runs in the first.Drury tripled to center, scoring Trout and Anthony Rendon to give Anaheim a 2-1 lead and giving him six RBIs through the first 11 innings of the four-game series.Drury was driven in on Luis Rengifo’s single, and Gio Urshela wrapped up the productive beginning with his own RBI single. It seemed like Miller wasn’t going ...

Kim Kardashian revela la “magia” del éxito de su empresa Skims a Poppy Harlow de CNN

Published Wed, 26 Feb 2025 14:11:41 GMT

Nueva York (CNN) — Hace sólo unos años, Kim Kardashian teñía sus propias prendas moldeadoras en un fregadero con bolsitas de té. La idea se ha convertido en Skims, una marca de US$ 3.200 millones que ha catapultado a la estrella de la telerrealidad a la categoría de titán empresarial.“En mi caso, simplemente buscaba una solución al hecho de que me encanta llevar ropa moldeadora y no había ningún color que se adaptara a mi tono de piel, por no hablar de la mayoría de mis amigas”, declaró este martes a Poppy Harlow, presentadora de CNN This Morning, en la Cumbre Time 100. Añadió que en aquel momento “no había nada intermedio” entre el color pálido y el negro en ropa moldeadora.María Herrera y Salma Hayek, entre las 100 personas más influyentes del mundo de la lista de la revista TIMESkims está valorada en unos US$ 3.200 millones y fue nombrada una de las empresas más influyentes de Time para 2023. Para Kardashian, el objetivo de la marca era cubrir una ne...

City of San Diego approves renters' protection rules

Published Wed, 26 Feb 2025 14:11:41 GMT

SAN DIEGO -- Leaders in the City of San Diego Tuesday evening voted in favor of new protections for tenants across America's Finest City.City council voted 8 to 1 following hours of debates at City Hall. It now updates a 19-year-old policy, which is critical to keep people in their rental units to try to prevent homelessness.The ordinance becomes law in 30 days. Protections will now start the day a renters lease begins.A financial assistance amount, which still needs to be determined by the housing commission, would also be given to renters if landlords evict them through no fault of their own. And accountability measures will be in place to keep landlords from violating the provisions. Here is where home prices are rising the fastest in California Many landlords say the new law will scare away new development while tenant union members say it will give landlords a loophole for evicting people by making the claims of substantial renovation and the changes don't go far enough.Last ...

Ukraine launching tech cluster to boost military capability

Published Wed, 26 Feb 2025 14:11:41 GMT

KYIV, Ukraine (AP) — The Ukrainian government is launching an initiative Wednesday to streamline and promote innovation in the development of drones and other technologies that have been critical during Russia’s war in Ukraine. As part of the initiative dubbed BRAVE1, the government hopes to bring state, military, and private sector developers working on defense issues together into a tech cluster that would give Ukraine a battlefield advantage.“Considering the enemy that is right next to us and its scale, we definitely need to develop the military tech so that we can defend ourselves,” Mykhailo Fedorov, Ukraine’s minister of digital transformation, said. Fedorov told The Associated Press ahead of Wednesday’s official announcement that the government had earmarked more than 100 million hryvnias (about $2.7 million) to fund projects that have the potential to help Ukraine win the 14-month conflict. “There are many people on the battlefield now of the young generation that...

One winning ticket sold for Tuesday’s $55 million Lotto Max jackpot

Published Wed, 26 Feb 2025 14:11:41 GMT

TORONTO — Someone in the Prairies is waking up $55 million dollars richer.One winning ticket was drawn for Tuesday’s Lotto Max jackpot.There was also one Maxmillion winner from Quebec out of four available $1 million prizes.The jackpot for the next draw on April 28 will be an estimated $13 million.The Canadian Press