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DC Mayor Bowser proposes new tough-on-crime legislation

Published Sat, 22 Feb 2025 10:58:58 GMT

With crime on the rise in staggering numbers in D.C., Mayor Muriel Bowser unveiled new legislation on Monday that she said would give law enforcement additional tools to keep the District safe.The bill allows D.C. police to temporarily declare “drug-free zones” around the city, creates criminal penalties for “organized retail theft” and reinstates a law that prohibits wearing a mask to commit a crime or threaten others.It’s called the Addressing Crime Trends Now Act (ACT Now), and Bowser said in a news conference Monday that some of the changes proposed by the new legislation are “just plain common sense. ”Bowser said the proposed law will deal with some of the “negative consequences” of the Comprehensive Policing and Justice Reform Amendment Act of 2022, which the D.C. Council passed in December 2022 and Congress sought to overturn last spring.“Some of the changes that were made just don’t match the daily practice of...

RBB: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 10:58:58 GMT

LOS ANGELES (AP) — LOS ANGELES (AP) — RBB Bancorp (RBB) on Monday reported net income of $12 million in its third quarter.The bank, based in Los Angeles, said it had earnings of 63 cents per share.The bank holding company posted revenue of $63.3 million in the period. Its revenue net of interest expense was $35.3 million, topping Street forecasts. Four analysts surveyed by Zacks expected $32.3 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RBB at https://www.zacks.com/ap/RBBSource

Israeli boy marks 9th birthday in Hamas captivity as family faces agonizing wait

Published Sat, 22 Feb 2025 10:58:58 GMT

KFAR SABA, Israel (AP) — Ohad Munder-Zichri turned 9 on Monday. But instead of celebrating at home with his family and friends, he was somewhere in Gaza, one of more than 200 hostages held by Hamas since the militants’ devastating Oct. 7 incursion.The 4th-grader from the central Israeli city of Kfar Saba was nabbed along with his mother and grandparents during a holiday visit to his grandparents’ kibbutz of Nir Oz along the border with Gaza.Ohad’s beloved uncle was killed in the attack. The boy, his mom and grandparents disappeared with the only thread of information about them coming from a cellphone signal traced to Gaza.It’s that uncertainty that has been most agonizing for Ohad’s grief-stricken father, Avi Zichri — not knowing if Ohad is alive, if he is wounded, if he is alone.“I keep imagining what he is going through. He’s a sensitive boy. Did he see dead bodies? He wears glasses. Did they take them from him? Can he see anything?” Zichri said as he nervously chain-smoked...

Washington Trust: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 10:58:58 GMT

WESTERLY, R.I. (AP) — WESTERLY, R.I. (AP) — Washington Trust Bancorp Inc. (WASH) on Monday reported net income of $11.1 million in its third quarter.The Westerly, Rhode Island-based bank said it had earnings of 65 cents per share.The holding company for The Washington Trust Co. posted revenue of $95.9 million in the period. Its revenue net of interest expense was $49 million, surpassing Street forecasts._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WASH at https://www.zacks.com/ap/WASHSource

Hamas libera a 2 ancianas israelíes mantenidas como rehenes en Gaza

Published Sat, 22 Feb 2025 10:58:58 GMT

JERUSALÉN – El grupo extremista Hamas liberó este lunes a dos ancianas israelíes mantenidas como rehenes en Gaza. El Comité Internacional de la Cruz Roja informó que Hamas liberó a las dos mujeres. Es la segunda liberación de rehenes que fueron capturados durante la violenta incursión de Hamas a Israel el 7 de octubre.Las mujeres liberadas fueron identificadas por como Yocheved Lifshitz, de 85 años, y Nurit Cooper, de 79 años, del kibbutz israelí de Nir Oz. Hamas señaló en un comunicado que su liberación era por motivos humanitarios.Israel exige la liberación incondicional de todos los rehenes que mantiene Hamas. Se cree que el grupo extremista islámico tiene cautivos a más de 200 personas, incluidos extranjeros o con doble nacionalidad. EEUU aconseja a Israel retrasar la incursión terrestre a Gaza para negociar por rehenes Biden llama a madre e hija liberadas por Hamas: “Me alegra que estén libres” Hamas liberó el viernes a...

Capital Bancorp: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 10:58:58 GMT

ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — Capital Bancorp, Inc. (CBNK) on Monday reported third-quarter profit of $9.8 million.The bank, based in Rockville, Maryland, said it had earnings of 70 cents per share.The company posted revenue of $54.1 million in the period. Its revenue net of interest expense was $43.1 million, which topped Street forecasts.Capital Bancorp shares have fallen 18% since the beginning of the year. In the final minutes of trading on Monday, shares hit $19.33, a decline of 20% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBNK at https://www.zacks.com/ap/CBNKSource

Stock market today: Wall Street swings to a mixed finish as yields veer in the bond market

Published Sat, 22 Feb 2025 10:58:58 GMT

NEW YORK (AP) — Wall Street swung to a mixed finish Monday, continuing a monthslong run where it’s slavishly followed the cue of the bond market.The S&P 500 slipped 7.12 points, or 0.2%, to 4,217.04, coming off its worst week in a month. The Dow Jones Industrial Average dropped 190.87, or 0.6%, to 32,836.41. The Nasdaq composite rose 34.52, or 0.3%, to 13,018.33.Rapidly rising yields in the bond market have been pressuring stock prices since the summer, and they seemed set to climb further. Early Monday, the yield on the 10-year Treasury briefly topped 5.02% to touch its highest level since 2007. That helped to torpedo stocks, and the S&P 500 quickly slumped 0.8%.But the 10-year yield eventually eased back to 4.84%, down from with 4.91% late Friday, as oil prices tumbled to take some pressure off inflation. That relaxed the vise on the stock market. Easier bond yields tend to most help stocks of companies promising big growth far in the future or those seen as the most...

W.R. Berkley: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 10:58:58 GMT

GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — W.R. Berkley Corp. (WRB) on Monday reported third-quarter profit of $333.6 million.The Greenwich, Connecticut-based company said it had profit of $1.23 per share. Earnings, adjusted for investment costs, came to $1.35 per share.The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.The insurance company posted revenue of $3.03 billion in the period. Its adjusted revenue was $3.07 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WRB at https://www.zacks.com/ap/WRBSource

WSFS: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 10:58:58 GMT

WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — WSFS Financial Corp. (WSFS) on Monday reported third-quarter net income of $74.2 million.The Wilmington, Delaware-based company said it had net income of $1.22 per share. Earnings, adjusted for non-recurring costs, were $1.23 per share.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.The bank holding company posted revenue of $323.8 million in the period. Its adjusted revenue was $255.3 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WSFS at https://www.zacks.com/ap/WSFSSource

Crane: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 10:58:58 GMT

STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Crane Co. (CR) on Monday reported third-quarter profit of $55.2 million.The Stamford, Connecticut-based company said it had net income of 96 cents per share. Earnings, adjusted for one-time gains and costs, were $1.03 per share.The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.The maker of aerospace, electronics and engineered industrial products posted revenue of $530.1 million in the period.Crane expects full-year earnings in the range of $4.05 to $4.20 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CR at https://www.zacks.com/ap/CRSource