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Lyft’s new CEO tackles a job requiring some heavy lifting

Published Tue, 03 Dec 2024 18:09:42 GMT

SAN FRANCISCO (AP) — Even before he joined Lyft’s board in 2021, David Risher had taken hundreds of trips as a passenger so he felt like he knew a lot about the ride-hailing service. But he never expected to be thrust into the driver’s seat at a time when Lyft was running like a jalopy. “I really was gobsmacked,” Risher said during an interview with The Associated Press as he recalled being recently asked to replace Lyft co-founder Logan Green as CEO.Risher quickly shook off his initial shock and is now making an effort to reverse the San Francisco company’s mounting losses and sagging stock price. Just days after taking over as CEO, Risher came up with a restructuring plan that includes laying off nearly 1,100 employees whose job losses could help him attain stock price incentives potentially worth nearly $1 billion.Like any mass layoff, the payroll purge will uproot the lives of those suddenly out of a job while sowing uncertainty among Lyft’s remaining 3,0...

Gartner: Q1 Earnings Snapshot

Published Tue, 03 Dec 2024 18:09:42 GMT

STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Gartner Inc. (IT) on Tuesday reported first-quarter earnings of $295.8 million.On a per-share basis, the Stamford, Connecticut-based company said it had profit of $3.68. Earnings, adjusted for non-recurring gains, were $2.88 per share.The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.The technology information and analysis company posted revenue of $1.41 billion in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IT at https://www.zacks.com/ap/ITSource

Denver weather: Scattered showers, above-average temperatures

Published Tue, 03 Dec 2024 18:09:42 GMT

DENVER (KDVR) — Temperatures will be back in the 70s Tuesday afternoon with some pop-up showers in the mountains and an isolated shower along the Front Range in the Denver weather forecast.Weather today: Warm with a showerSunshine will be across the metro Tuesday with extra clouds over the higher elevations. Pinpoint Weather: Daily forecast on May 2.Scattered showers are possible in the high country with an isolated shower in the evening for the Front Range. Winds will become brisk in the afternoon. Floods reported along I-70 near Hanging Lake exit Pinpoint Weather: Brisk winds on May 2.Weather tonight: Partly cloudy, mildClouds stick around Tuesday night with comfortable lows in the upper 40s. Winds will be light overnight with slow clearing into Wednesday morning.Pinpoint Weather: Overnight forecast on May 2. Looking ahead: Isolated shower, storm chancesWednesday is the warmest day of the week with highs reaching the upper 70s in Denver. We'll see partly cloudy skies with a smal...

Father, son rescued by Manatee County Sheriff’s marine deputies off the coast of Anna Maria Island

Published Tue, 03 Dec 2024 18:09:42 GMT

ANNA MARIA ISLAND, Fla. (WSVN) — A father and his son were swept away by a rip current while swimming off the coast of Anna Maria Island on Monday afternoon, leading to a dramatic rescue by nearby deputies.The pair found themselves struggling in the middle of the ocean, 100 yards offshore, when Manatee County Sheriff’s marine deputies spotted them in distress. The deputies quickly sprang into action, hoisting the father and son onto their boat.As crews pulled them up, the little boy called out for his father, and moments later, the father was also safely rescued. The deputies explained that the pair seemed to be unaware of how common rip currents are in the area.The father and son expressed their gratitude to the deputies, despite the language barrier. “Thank you, guys, have a good day sir,” the father said. “Be careful over here, OK!” responded a deputy.Experts are reminding people that if they get caught in a rip current, it is best not to fight it an...

Homebuyers With Good Credit Forced To Subsidize Others’ High-Risk Mortgages

Published Tue, 03 Dec 2024 18:09:42 GMT

The Federal Housing Finance Agency (FHFA) has updated the loan fee structure of mortgages leading to cries of unfair fees imposed on borrowers with excellent credit scores to subsidize the ones with lower credit scores. The revised fees will take effect beginning May 1st, 2023.The Single-Family Pricing Framework Updated by FHFAFHFA Director Sandra Thompson, a Biden appointee, is focused on ” facilitating equitable and sustainable access to homeownership.” Low cash flow, high debt-to-income (DTI) ratios, and lack of liquid assets are the top three factors preventing Americans with low FICO scores from buying homes.DTI ratio is calculated by dividing the homebuyer’s monthly debt payments by their gross income and is used by lenders to determine loan eligibility.The FHFA revamped and adjusted the upfront fee matrices for purchase, rate-term refinance, and cash-out refinance loans to ensure that borrowers with lower income or net worth can still afford single-family ho...

Hunter Biden must answer more questions about his finances and art sales in Arkansas paternity case, judge says

Published Tue, 03 Dec 2024 18:09:42 GMT

(CNN) — President Joe Biden’s son, Hunter Biden, will need to sit for a sworn deposition and answer additional written questions about his investments, art sales and other financial transactions as part of a paternity-related case, an Arkansas judge said Monday.At an extraordinary two-hour court hearing with all parties in attendance, Hunter Biden’s attorney Abbe Lowell revealed that his client is paying $20,000 in monthly child support, and has given $750,000 in total to Lunden Roberts, an Arkansas woman who is the mother of their four-year-old daughter.Lowell told the judge he wanted to refute recent tabloid articles that called Hunter Biden a “deadbeat dad” and that he wanted to “let the world know” that “he is paying what is agreed to.”Independence County Circuit Court Judge Holly Meyer also chided Hunter Biden’s lawyers for hiding information that should be public, and ordered them to re-submit their filings without re...

Keep calm and carry on: 5 MPs who shrugged off Westminster’s revolving door watchdog

Published Tue, 03 Dec 2024 18:09:42 GMT

LONDON — Who’s afraid of ACOBA? The U.K.’s revolving door watchdog — snappily called the Advisory Committee on Business Appointments — is back in the headlines as Westminster awaits its verdict on Sue Gray, the former senior civil servant who quit to take up a job with the opposition Labour Party.ACOBA’s job is to weigh the restrictions top officials and ministers should have imposed on them when they take on post-government roles, in a bid to stop people from cashing in on their insider knowledge.Yet MPs themselves don’t seem too spooked by the watchdog, whose rulings are only advisory and which cannot impose any sanctions for rule-breaking.Should Gray need some inspiration to plow on regardless, here’s POLITICO’s handy round-up of five recent senior MPs who didn’t let an angry ACOBA letter get them down.Matt HancockThe former health secretary turned, er, camel-penis-eating reality star knows ACOBA well. The watchdog criticized Hancock for ...

Millions of Americans could suffer if debt showdown isn’t solved in next 30 days

Published Tue, 03 Dec 2024 18:09:42 GMT

 (CNN) — The jobs, benefits and financial security of millions of Americans could start disappearing in less than a month as the Republican House leverages a debt showdown to try to force big spending cuts on President Joe Biden.Treasury Secretary Janet Yellen on Monday issued a stark warning that the US government could run out of money to pay its obligations as soon as June 1 unless Congress raises its borrowing authority. Failure to do so could trigger a domestic and international financial catastrophe.Yellen wrote to House Speaker Kevin McCarthy that unless Congress acted, it would cause “severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.” Experts have warned of a potential crisis on the scale of the 2008 financial meltdown, with the threat of benefits not being paid to veterans and senior citizens, and halts to milita...

Hollywood writers to go on strike, bringing production on many television shows to a halt

Published Tue, 03 Dec 2024 18:09:42 GMT

(CNN) — More than 11,000 members of the Writers Guild of America (WGA) are set to go on strike Tuesday morning for the first time since 2007, a move that could bring an immediate halt to the production of many television shows and possibly delay the start of new seasons of others later this year.“Though we negotiated intent on making a fair deal … the studios’ responses to our proposals have been wholly insufficient, given the existential crisis writers are facing,” said a statement from the union leadership.“They have closed the door on their labor force and opened the door to writing as an entirely freelance profession. No such deal could ever be contemplated by this membership.”While union members would be on strike as of 3 am EDT Tuesday, the WGA tweeted that it would not set up picket lines until Tuesday afternoon.The studios, which disclosed that the talks ended late Monday just hours before the strike deadline without an agr...

Ryan Poles is confident he has upgraded the Chicago Bears roster. The next step is translating that into wins.

Published Tue, 03 Dec 2024 18:09:42 GMT

The NFL draft had ended less than a hour earlier, and general manager Ryan Poles still was trying to fully assess and contextualize the Chicago Bears’ weekend gains.Over 47 hours, Poles had assembled a 10-man draft class — seven on defense, three on offense — and was convinced the Bears had taken important strides. He also was certain he had just completed the most eventful three-month stretch of his professional life.“Oh, yeah,” Poles said. “It’s been awesome. I’m excited about where we’re headed. We’ve been able to do things the right way, and that’s opened up opportunity.”With all the intense pre-draft work in the rearview mirror — the combine, the pro days, the prospect visits and staff meetings at Halas Hall — with the most critical stages of free agency complete and with the draft frenzy over as quickly as it had begun, Poles was asked how he might decompress Saturday night.He chuckled at first...