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Bank of America CEO says company to slow hiring, predicts 'mild recession'

Published Wed, 26 Feb 2025 14:24:21 GMT

(The Hill) – Brian Moynihan, the head of Bank of America, said on Sunday that his company plans to slow down its hiring process and predicted that the U.S., would experience a mild recession later this year.During an appearance on CBS’s “Face The Nation,” Moynihan told moderator Margaret Brennan that one way to slow the hiring process is to rely on attrition, which means not backfilling positions of people who leave or retire voluntarily. He said that so far, BOA hired 700 people in May, compared to the 3,000 people that were hired at the same time last year.“We're not making layoffs. We're trying to do it by attrition, but even the attrition slowed to half what it was last year. And when I talk to other companies, I get the same input.” Moynihan told Brennan. He predicted what he called a "mild recession" later this year and early into 2024 – which is notably timed during the highly-anticipated presidential election year.“It's basically third quarter this year, fourth quarter,...

Watch live: 2023 WeHo Pride Parade on KTLA

Published Wed, 26 Feb 2025 14:24:21 GMT

KTLA 5 is proud to present live streaming coverage of the second WeHo Pride Parade in West Hollywood, California starting at 1 p.m. on Sunday, June 4.For decades, the City of West Hollywood has been home to one of the largest yearly Pride celebrations in the world, drawing hundreds of thousands of revelers to the City where nearly half of the residents identify as LGBTQ. 2023 WeHo Pride Parade on KTLAThe Icons for this year’s WeHo Pride Parade will be RuPaul’s Drag Race, Laith Ashley, Niecy Nash-Betts & Jessica Betts, and Melissa McCarthy. WeHo Pride will honor these trailblazers and allies as this year’s Icons for their work in bringing the LGBTQ community and social justice issues to the forefront, as well as expanding queer representation in mainstream pop culture.The parade begins at N. Crescent Heights Boulevard at Santa Monica Boulevard and will travel westbound along Santa Monica Boulevard into the heart of the City’s Rainbow District to N. Robertson Boulevard.KTLA is the...

Alex Wood lands on injured list, plus when SF Giants expect to get back Pederson, Stripling, Estrada

Published Wed, 26 Feb 2025 14:24:21 GMT

SAN FRANCISCO — Standing at his locker Sunday morning, Giants starter Alex Wood made a plea for empathy: “I don’t know if anyone has back issues,” he said.A low back strain forced Wood to the 15-day injured list, and he didn’t have to look far for someone understanding of his situation, joining Ross Stripling as a pair of Giants starters both dealing with back issues. Wood, however, remained optimistic that his strain was less severe than Stripling’s, who remains a way off from returning.“We didn’t want to push it for my next start,” Wood said. “I think it should just be the 15 days.”Wood said an MRI on his back came back clean and that “I already feel like I’m moving better today than the last few days.” The back began causing discomfort before his start in Milwaukee last week but became more serious following his start Wednesday, when he said his lower left side “just locked up a little bit.”...

Lewis Hamilton elogia el “resultado increíble” de Mercedes con el primer doble podio del año, mientras que Max Verstappen gana el Gran Premio de España

Published Wed, 26 Feb 2025 14:24:21 GMT

(CNN) — Mercedes aseguró su primer doble podio del año cuando Lewis Hamilton terminó segundo y George Russell tercero en el Gran Premio de España, otra carrera ganada nuevamente por un Max Verstappen que domina la competición.“Qué resultado para nuestro equipo”, dijo posteriormente Hamilton a Sky Sports. “Definitivamente no esperábamos tener este resultado hoy, así que solo quiero quitarme el sombrero ante mi equipo y muchas, muchas gracias a todos en la fábrica que continúan presionando y acercándonos a la (Red) Bulls”.Hamilton tuvo una actuación impresionante en la carrera, superando a Carlos Sainz de Ferrari para tomar el segundo lugar, y nunca pareció renunciar a él.Detrás suyo, Russell ganó nueve lugares mientras se abría camino a través del campo hasta el tercero y aguantó una carga tardía de Sergio “Checo” Pérez en el automóvil de Red Bull que lo conquista todo.“Una señal de lo que vendrá con suerte”, dijo Russell a Sky Sports. “Definitivamente se siente mejor, simpleme...

Rick Adelman selected as winner of Chuck Daly Lifetime Achievement Award

Published Wed, 26 Feb 2025 14:24:21 GMT

DENVER (AP) — Rick Adelman’s influence is all over this year’s NBA Finals, which makes his being honored during the title series even more fitting.Adelman was announced Sunday as the 18th recipient of the Chuck Daly Lifetime Achievement Award, presented by the National Basketball Coaches Association. It preceded Game 2 of the NBA Finals between Denver and Miami; Nuggets assistant coach David Adelman is Rick’s son, and Heat coach Erik Spoelstra is a Portland native who vividly remembers Adelman’s Trail Blazers teams.“To be included with the past winners is special,” said Rick Adelman, who was inducted into the Naismith Memorial Basketball Hall of Fame in 2021. “Chuck was a great coach and respected by all those who coached against his teams. To receive an award like this I have to thank all those who helped me along the way, in particular my assistant coaches and front offices. I would also like to thank the players I had through the years. Their effort and cooperation made everythin...

Nuggets' 2-man game of Nikola Jokic and Jamal Murray is setting new pick-and-roll standard in NBA

Published Wed, 26 Feb 2025 14:24:21 GMT

DENVER (AP) — Miami Heat coach Erik Spoelstra practically snickered when asked about neutralizing the effective two-man game played by Denver Nuggets teammates Nikola Jokic and Jamal Murray.“Yeah, where do you start? You have two guys that can score 50 in a playoff game. One guy is a triple-double machine that loves to get guys involved,” Spoelstra said.“You go down the list of myriad of things you can do defensively, you have to check off some things that you don’t really want to do because of both their ability to score and Jokic’s ability to create something off-script."Spoelstra knows what the Heat are up against; it's nothing new for Denver. The Nuggets' potent duo has been nearly unstoppable in powering Denver's 13-3 run through the playoffs, including a 104-93 win in Game 1. Heat looking to get to the line more, while Nuggets vow to be better in Game 2 A win Sunday night would make them just the second team this century to win its first 10 home games in a single postseason....

Search halted for man missing in Grand County

Published Wed, 26 Feb 2025 14:24:21 GMT

GRAND COUNTY, Colo. (KDVR) -- The ongoing search for a man missing for a week was temporarily discontinued as of Sunday until the conditions of the Colorado River improve.On Saturday, six dog search teams focused on the area of Byers Canyon and downstream toward Parshall to find Ari Harms, a white man in his 30s. The Eagle County Sheriff's Office said a river closure was issued and went into effect on Saturday morning for the part of the Colorado River from CR 50 to Kemp Breeze. Body of minor recovered from Colorado River following rafting accident GCSO had to implement short-term traffic closures in Byers Canyon while the dogs worked along Highway 40 on Saturday. "As we close out another day, we have still been unsuccessful in locating Ari Harms. Sheriff Schroetlin will be working with Ari’s family on determining the next steps in our quest for a resolution to this unfortunate incident," the sheriff's office posted on Twitter. Campers said Harms was going kayakingThe Pioneer Par...

Strawberry moon illuminates the sky this weekend

Published Wed, 26 Feb 2025 14:24:21 GMT

(CNN) — The strawberry moon is lighting up the night sky this weekend.You can watch the full moon’s rise just after sunset in the southeast direction. The orb reached peak illumination at 11:42 p.m. ET Saturday and will appear full for three days, according to NASA. Find out your local peak time using The Old Farmer’s Almanac’s full moon calculator and check the local forecast.The name of this last full moon of the spring, which is sometimes the first full moon of the summer, has nothing to do with the moon’s appearance or color. The strawberry moon got its name from Native American tribes “to mark the ripening of ‘June-bearing’ strawberries that are ready to be gathered,” according to The Old Farmer’s Almanac, which notes, “As flowers bloom and early fruit ripens, June is a time of great abundance for many.”This year, according to NASA, some moon gazers will get an additional treat. People in Argentina and the Atlantic Daylight Time zones “eastward across the rest of North Ame...

Remains of 5 Native American children who died at Indigenous boarding school are being returned to their tribes over a century later

Published Wed, 26 Feb 2025 14:24:21 GMT

(CNN) — The remains of five children who died at a Pennsylvania boarding school for Native Americans are going to be exhumed and returned to their families who have waited for their return for more than a century, the Office of Army Cemeteries (OAC) has announced.The children died between 1880 and 1910 while attending the Carlisle Indian Industrial School, a boarding school for Native American children known for physical and sexual abuse, the US Department of Interior detailed in a 2022 report.They were forced to assimilate into White society, stripped of their Indigenous names and banned from speaking their languages. If they resisted, they were punished, often violently, according to the report.The names of the children who are being repatriated to their tribes, the OAC announced May 24, are: Edward Upright from the Spirit Lake Tribe in North Dakota; Amos LaFramboise from the Sisseton Wahpeton Oyate of the Lake Traverse Reservation in South Dakota; Be...

Oprah, Rihanna, Taylor Swift, on Forbes’ list

Published Wed, 26 Feb 2025 14:24:21 GMT

Forbes released its list of America’s richest self-made women, and all your faves are on it.Rihanna, Beyonce and Taylor Swift are among the top entertainers who made it onto the list of America’s top 100 highest-earning women.Forbes reported that the rebound in the stock market helped bolster the women, who are cumulatively worth $124 billion, up nearly 12% from a year ago.Oprah Winfrey, 69, is the highest earning woman on the list of celebrities at 13, with a net worth of $2.5 billion. Her self-made score, which Forbes calculated by assessing the women’s background and the adversity each has overcome, is a 10. Forbes classifies this as someone “who not only grew up poor but also overcame significant obstacles.” Winfrey was born into poverty in rural Mississippi and survived sexual abuse.According to Forbes, the OWN network creator received a $2 billion return from reinvesting her profits from “The Oprah Winfrey Show” and profits from her fi...