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Here's where Bay Area home prices fell this year

Published Fri, 07 Feb 2025 13:15:47 GMT

(BCN) -- Bay Area cities have experienced some of the biggest drops in home prices across the country, according to a new study evaluating typical home values from May 2022 to May 2023. According to the report by investment advising company SmartAsset, San Francisco was the largest city in the top 10 list for price reductions, with home values falling by 13% from 2022 to 2023. Palo Alto and Dublin saw similar declines. The company used Zillow Home Value Index data from May 2022 and May 2023 for single-family homes, condos and housing co-ops. But the fall in prices isn't necessarily a good sign. Housing inventory is still tight, and housing experts say the trend is instead due to a fall in demand, as people leave the Bay Area in search for a lower cost of living. Zendaya remembers classmate, co-star in emotional social post In a Zillow Home Price Expectations Survey polling economists and housing experts, respondents predicted housing prices to fall 1.6% through December 2...

Right tackle Colton McKivitz gains confidence after being given chance to start for 49ers

Published Fri, 07 Feb 2025 13:15:47 GMT

SANTA CLARA, Calif. (AP) — Colton McKivitz spent his first three seasons in the NFL bouncing back and forth between the practice squad and active roster for the San Francisco 49ers with limited opportunity to play.Now McKivitz heads into Year 4 with a big role on one of the Super Bowl favorites as the starting right tackle, a big change for a player who had been fighting just to stay in the league.“I could not be standing here,” McKivitz said Tuesday. “That’s just part of it. It’s taught me a lot about being a pro and learning from some of the vets. Just getting advice from some of those guys and teaching me the ways to be prepared for when I get my chance. Now’s the time. I’m taking full advantage of what they taught me.”McKivitz joined the Niners as a fifth-round draft pick out of West Virginia in 2020 and started three games as a rookie. But he failed to make the team coming out of camp the following year, being relegated to the practice squad, where he spent most of that season ...

Prosecutors say Trump knew his lies about the election were false. Follow live updates

Published Fri, 07 Feb 2025 13:15:47 GMT

WASHINGTON (AP) — Follow along for live updates on the Justice Department’s indictment of former President Donald Trump over his efforts to overturn the results of the 2020 presidential election. The charges focus on schemes by Trump and his allies to subvert the transfer of power and keep him in office despite his loss to Joe Biden. ___WHAT TO KNOW— Trump has now been indicted for the third time. Here’s where all the investigations stand— Trump also was indicted in June on charges that he illegally hoarded classified documents— Mar-a-Lago’s property manager is the latest Trump staffer ensnared in his legal turmoil— Special counsel Jack Smith has a long career of confronting corruption___PROSECUTORS SAY TRUMP KNEW HIS LIES ABOUT ELECTION WERE FALSEFederal prosecutors said in the indictment filed Tuesday that Trump knew his lies about his loss in the 2020 presidential election were false but pushed them anyway.Prosecutors said that for two months after his loss on Nov. 3,...

Indictment: Trump attempted to ‘exploit’ Jan. 6 Capitol attack, pushing to overturn election after building was cleared

Published Fri, 07 Feb 2025 13:15:47 GMT

WASHINGTON (AP) — Indictment: Trump attempted to ‘exploit’ Jan. 6 Capitol attack, pushing to overturn election after building was cleared.Source

Indictment: Trump push to overturn 2020 election ‘targeted the bedrock function of the United States federal government’

Published Fri, 07 Feb 2025 13:15:47 GMT

WASHINGTON (AP) — Indictment: Trump push to overturn 2020 election ‘targeted the bedrock function of the United States federal government.’Source

Axis Capital: Q2 Earnings Snapshot

Published Fri, 07 Feb 2025 13:15:47 GMT

PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — Axis Capital Holdings Ltd. (AXS) on Tuesday reported second-quarter earnings of $150.7 million.The Pembroke, Bermuda-based company said it had net income of $1.67 per share. Earnings, adjusted for non-recurring costs, were $2.23 per share.The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.The insurance company posted revenue of $1.38 billion in the period. Its adjusted revenue was $1.41 billion.Axis Capital shares have increased almost 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $55.13, an increase of 13% 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 AXS at https://www.zacks.com/ap/AXSSource

Aspen Technology: Fiscal Q4 Earnings Snapshot

Published Fri, 07 Feb 2025 13:15:47 GMT

BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Aspen Technology, Inc. (AZPN) on Tuesday reported fiscal fourth-quarter earnings of $27.3 million.On a per-share basis, the Bedford, Massachusetts-based company said it had net income of 42 cents. Earnings, adjusted for one-time gains and costs, came to $2.13 per share.The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share.The software maker posted revenue of $320.6 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $324.8 million.For the year, the company reported a loss of $107.8 million, or $1.67 per share, swinging to a loss in the period. Revenue was reported as $1.04 billion.Aspen Technology shares have decreased 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $180.71, a fall of 12% in the last 12 months._____This story was generated by Aut...

Hudson Pacific: Q2 Earnings Snapshot

Published Fri, 07 Feb 2025 13:15:47 GMT

LOS ANGELES (AP) — LOS ANGELES (AP) — Hudson Pacific Properties Inc. (HPP) on Tuesday reported a key measure of profitability in its second quarter. The results beat Wall Street expectations.The Los Angeles-based real estate investment trust said it had funds from operations of $34.5 million, or 24 cents per share, in the period.The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 23 cents per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had a loss of $36.2 million, or 26 cents per share.The real estate investment trust, based in Los Angeles, posted revenue of $245.2 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $237.6 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investmen...

North Carolina hit-and-run that injured 6 migrant workers was accidental, police say

Published Fri, 07 Feb 2025 13:15:47 GMT

LINCOLNTON, N.C. (AP) — Police determined Tuesday that a car crash that injured a group of migrant workers in North Carolina was accidental, but the driver has been charged with a felony hit-and-run for fleeing the scene.New evidence led police to change their original assessment that the crash was intentional, said Maj. Brian Greene, interim chief of the Lincolnton Police Department.Daniel Gonzalez, 68, turned himself in to the police a day after he allegedly drove his black SUV into the workers, injuring six, while trying to park Sunday outside a Walmart in Lincolnton. Family members who accompanied Gonzalez to the police department told detectives that he had hit the gas pedal accidentally and left the scene in a panic.“Based on the statements and after consulting with the District Attorney’s Office we are treating this as accidental,” Greene said Tuesday. “People were still injured, and he left the scene, so he was charged with felony hit-and-run” with a $50,000 secure bond.The ...

Denver weather: Thunderstorms to deliver more rain in the coming days

Published Fri, 07 Feb 2025 13:15:47 GMT

DENVER (KDVR) — Rainfall on the last day of July was enough to make for a normal month in Denver's weather. That few inches of rain has kept the total for the year well ahead of normal amounts. And there's more rain to come to start the month of August, according to Pinpoint Weather, Colorado’s Most Accurate Forecast.With more monsoon rain in the forecast, Tuesday is a Pinpoint Weather Alert Day.Latest rain totals for DenverWeather tonight: Showers end followed by clearing skiesShowers and thunderstorms will move from west to east across Denver and the Front Range Tuesday evening. Some thunderstorms could contain heavy rain and small hail. There could be localized flooding of streets and small streams and creeks could rise if the rain hovers in one spot.Forecast lows by Wednesday morningWeather tomorrow: A warm day with more rain possibleWe will have additional showers and thunderstorms on Wednesday across Colorado. The number of storms will be less than the previous days. Ther...