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This week: consumer prices, Lennar earnings, retail sales

Published Sat, 22 Feb 2025 10:49:30 GMT

A look at some of the key business events and economic indicators upcoming this week:EYE ON INFLATIONThe Labor Department delivers its latest monthly index of inflation at the consumer level Tuesday.Analysts are forecasting that prices rose 5.9% in February from one year ago, down from January’s 6.4%. Though the pace of consumer price increases eased for the seventh straight month in January compared with a year earlier, on a monthly basis, prices increased 0.5% from December to January. Consumer price index, annual percent change, not seasonally adjusted:Sept.: 8.2Oct.: 7.8Nov.: 7.1Dec.: 6.5Jan.: 6.4Feb. (est): 5.9Source: FactSetSPOTLIGHT ON LENNARHomebuilder Lennar releases its first-quarter earnings after the bell on Tuesday.Analysts forecast that Miami-based Lennar Corp.’s profits fell to $1.55 per share on sales of $5.9 billion during the slow winter period. In the same period last year, Lennar posted profits of $1.69 per share, badly missing Wall Street targets of $2.60....

Insider Q&A-Nintendo’s Bowser

Published Sat, 22 Feb 2025 10:49:30 GMT

LOS ANGELES (AP) — With a new theme park attraction opened last month, an upcoming major motion picture and the sequel to a massive hit video game about to be released, everything’s coming up Nintendo.Doug Bowser, the head of Nintendo USA since 2019, spoke to The Associated Press at Universal Studios Hollywood’s Super Nintendo World in Los Angeles before its Feb. 17 grand opening. Q: You’ve got a new movie (“The Super Mario Bros. Movie,” April 7), this new attraction at Universal, and the new Legend of Zelda game (“Tears of the Kingdom,” May 12). What’s next, a prestige streaming TV show?A: You’re hitting on something which is really important. This is a milestone, what you’re seeing here with Super Nintendo World. Universal Studios is a great partner to allow us to do Super Nintendo World. I won’t comment on your question regarding a streaming show. But it really is a reflection on this ability to share our IP with people well outside of the video game space.Q: The new attrac...

Inspired Entertainment: Q4 Earnings Snapshot

Published Sat, 22 Feb 2025 10:49:30 GMT

NEW YORK (AP) — NEW YORK (AP) — Inspired Entertainment, Inc. (INSE) on Monday reported fourth-quarter net income of $3.1 million, after reporting a loss in the same period a year earlier.On a per-share basis, the New York-based company said it had net income of 11 cents.The company posted revenue of $78.6 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $69.4 million.For the year, the company reported net income of $22.3 million, or 77 cents per share, swinging to a profit in the period. Revenue was reported as $285.4 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INSE at https://www.zacks.com/ap/INSESource

1-minute garlic pan sauce transforms spicy chicken traybake

Published Sat, 22 Feb 2025 10:49:30 GMT

When you’re roasting food, air circulation is everything. That’s why we prefer low-rimmed baking sheets over roasting pans. They accelerate cooking and boost browning in our weeknight traybakes.But in some instances, a bit of crowding on the pan can be beneficial, such as in this spicy chicken alla diavolo from our book “Tuesday Nights Mediterranean,” which features weeknight-friendly meals from the region. After tossing bone-in, skin-on chicken parts with ample red pepper flakes and thyme, we arrange the meat in a circle around eight whole, peeled garlic cloves.The chicken roasts in a 475 degrees F oven until deeply browned, but the cloves in the center are protected from scorching in the high heat. Instead, they soften and sweeten — perfect for mashing into a paste to mix with the chicken’s juices for a savory sauce that is ready in just a minute. Mixing lemon zest and peperoncini into the sauce gives it an extra kick.Adding broccoli to the pan makes it a complete one-pan di...

12 shot in 7 separate shootings in metro over weekend

Published Sat, 22 Feb 2025 10:49:30 GMT

DENVER (KDVR) — It was a violent weekend in the Denver metro. FOX31 learned about at least 7 shootings that took place in Aurora, Denver, and Commerce City resulting in 11 people injured and one killed. Twelve people were shot in seven shootings over the weekend of March 12. Aurora shootingsOfficers with the Aurora Police Department responded to at least four separate shootings over the weekend between March 11-12.Shooting on I-225The first reported shooting occurred on northbound Interstate 225 near East 6th Avenue at around 12:40 a.m. Sunday. According to APD, two adults, a man and a woman, were shot while driving on I-225. State to crack down on late car registrations The two victims were taken to the hospital with non-life-threatening injuries. Police said the only suspect information they have is that a black SUV was involved. Alleged road rage shooting near Smoky Hill RoadThe second shooting seriously injured an 18-year-old woman in what APD believed was a road rage incident...

Biden tells U.S. to have confidence in banks after collapse

Published Sat, 22 Feb 2025 10:49:30 GMT

NEW YORK (AP) — President Joe Biden on Monday told U.S. residents the nation’s financial systems are sound, following the swift and stunning collapse of two banks that prompted fears of a broader upheaval.“American can have confidence that the banking system is safe,” he said from the Roosevelt Room before a trip to the West Coast. “Your deposits will be there when you need them.”U.S. regulators closed the Silicon Valley Bank on Friday after it experienced a traditional bank run, where depositors rushed to withdraw their funds all at once. It is the second largest bank failure in U.S. history, behind only the 2008 failure of Washington Mutual.In a sign of how fast the financial bleeding was occurring, regulators announced that New York-based Signature Bank had also failed.The president, speaking from the Roosevelt Room shortly before U.S. markets opened, said he’d seek to hold those responsible and pressed for better oversight and regulation of larger banks. And he promised no losse...

Nor’easter bringing strong winds, up to 18 inches of snow to parts of Mass.

Published Sat, 22 Feb 2025 10:49:30 GMT

A nasty nor’easter expected to bring damaging winds and up to 18 inches of heavy, wet snow to communities to parts of Massachusetts this week.The storm system moves into the region on Monday. By the end of the day Tuesday, much of New England will be under a fresh coat of plowable snow.The storm starts out with light rain showers Monday night, generally after 10 p.m., and gradually picks up in intensity going into Tuesday morning, when winter storm watches and warnings go into effect for much of the state.https://twitter.com/clamberton7/status/1635213396672155648Locations in northern and central Worcester County will likely experience a change over to snow around midnight, with locations in Metro West and the North Shore seeing a change over early Tuesday morning.Due to the late change-over to snow in the Boston area, the Tuesday morning commute is looking better than the evening, as most of the area is expected to have some snow on the roadways.By Tuesday evening, ...

Police investigating crash involving school bus in Fall River

Published Sat, 22 Feb 2025 10:49:30 GMT

Police are investigating a crash in Fall River Monday morning that involved a school bus.The incident took place at the intersection of Charles Street and King Street. The bus was seen up on a sidewalk with damage to a nearby home. No additional information has been released. This is a developing story; stay with 7NEWS on-air and online for the latest updates.

Biden emphasizes US banking system is safe after Silicon Valley Bank collapse

Published Sat, 22 Feb 2025 10:49:30 GMT

(CNN) — President Joe Biden on Monday underscored that the American banking system remains “safe,” laying out how his administration is taking action to contain Silicon Valley Bank’s collapse.“Americans can rest assured that our banking system is safe. Your deposits are safe,” Biden said in remarks Monday morning from the Roosevelt Room. “Let me also assure you we will not stop at this. We will do whatever is needed on top of all this.”Biden directly explained to the public what exactly he has instructed his administration to do to protect small businesses and workers, including backstopping depositors’ funds, taxpayers not being on the hook for these moves, holding those responsible accountable and not extending relief to investors of Silicon Valley Bank.The chaos instigated by high interest rates led to the old-fashioned bank run on Thursday, in which depositors yanked $42 billion from Silicon Valley Bank.SVB provided financing...

Nobel Prize-winning Japanese novelist Kenzaburo Oe dies at 88

Published Sat, 22 Feb 2025 10:49:30 GMT

(CNN) — Japanese Nobel Prize-winning author Kenzaburo Oe, a writer who was renowned for a strong pacifist stance that weaved its way into much of his work, has died of “old age”, his publisher confirmed Monday.The publisher, Kodansha, said the 88-year-old had passed away ten days earlier on March 3.The Nobel Prize website described Kenzaburo Oe as someone “who with poetic force creates an imagined world, where life and myth condense to form a disconcerting picture of the human predicament today”.Born in 1935 in the western prefecture of Ehime, Oe debuted as a writer in 1957 and went on to win his Nobel Prize in literature almost four decades later.He was handed the award in 1994, becoming the second from his country to claim the title following short story writer Kawabata Yasunari’s win in 1968.Oe’s writing is heavily influenced by his childhood memory, having grown up around time when Japan was defeated in World War Two.He wrote a...