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Canadian Imperial Bank: Fiscal Q2 Earnings Snapshot

Published Wed, 05 Mar 2025 18:55:23 GMT

TORONTO (AP) — TORONTO (AP) — Canadian Imperial Bank of Commerce (CM) on Thursday reported fiscal second-quarter earnings of $1.24 billion.The Toronto-based bank said it had earnings of $1.30 per share. Earnings, adjusted for non-recurring gains, came to $1.25 per share.The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.The bank and financial services company posted revenue of $9.73 billion in the period. Its revenue net of interest expense was $4.21 billion, also 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 CM at https://www.zacks.com/ap/CMSource

Elevan el supertifón Mawar a nivel de un huracán atlántico de categoría 5

Published Wed, 05 Mar 2025 18:55:23 GMT

(CNN) — El supertifón Mawar se ha fortalecido a medida que se aleja de Guam, y ahora tiene vientos sostenidos de 266 km/h con ráfagas de hasta 322 km/h, según el Centro Conjunto de Alerta de Tifones. Esto hace que Mawar sea equivalente a un huracán atlántico de categoría 5.Mawar es la quinta tormenta en lo que va de año que alcanza esta intensidad (vientos de 253 km/h o más). En promedio, sólo se desarrollan cinco tormentas de categoría 5 al año, lo que significa que 2023 ya ha tenido un año de estas poderosas tormentas, con casi todas las temporadas de huracanes y tifones del Atlántico y el Pacífico aún por venir.Mawar continuará moviéndose hacia el oeste-noroeste, alejándose de Guam, hacia el norte de Filipinas y Taiwán, y no se espera que amenace tierra en los próximos días. Es posible un fortalecimiento adicional en las próximas 12 a 24 horas y luego se espera un lento debilitamiento.The-CNN-Wire™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery C...

Stock market today: World shares decline on worries over US debt; Germany slips into recession

Published Wed, 05 Mar 2025 18:55:23 GMT

World shares declined Thursday as investors watched for signs of progress on a deal to avert a default on U.S. government debt. U.S. futures were mixed and oil declined. Germany slipped into recession as its economy contracted 0.3% in the first quarter of the year. The data from the Federal Statistical Office showed a second quarter of contraction, which is one definition of recession.The figures were a blow to the German government, which last month boldly doubled its growth forecast for this year after a feared winter energy crunch failed to materialize. IIn Frankfurt, the DAX lost 0.5% to 15,767.10 while the CAC 40 in Paris slipped 0.3% to 7,229.45. Britain’s FTSE gave up 0.3% to 7,601.55. The future for the S&P 500 gained 0.5% while that for the Dow Jones Industrial Average was down 0.3%. Tokyo was one of the few markets that advanced. Investors have been betting on higher returns from Japanese companies , taking advantage of the dollar’s strength against the Jap...

NetEase: Q1 Earnings Snapshot

Published Wed, 05 Mar 2025 18:55:23 GMT

HANGZHOU, China (AP) — HANGZHOU, China (AP) — NetEase Inc. (NTES) on Thursday reported net income of $983.6 million in its first quarter.On a per-share basis, the Hangzhou, China-based company said it had profit of $1.51. Earnings, adjusted for stock option expense, came to $1.69 per share.The internet technology company posted revenue of $3.65 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 NTES at https://www.zacks.com/ap/NTESSource

Miami PD investigating after man falls into ocean over sea wall

Published Wed, 05 Mar 2025 18:55:23 GMT

Officers from the Miami Police Department are investigating the scene at a sea wall near 1155 Brickell Bay Drive after a person fell over.Just before 5 a.m. Thursday, City of Miami Fire Rescue units responded to a drowning after, officials said, a man fell into the ocean.Once paramedics arrived, the man was taken to Ryder Trauma Center in critical condition.According to rescue officials, a friend of the man who fell into the sea jumped in after him, but he was treated on the scene and did not need to be transported. As crime tape continued to block off the area, police are investigating how the incident occurred.Please check back on WSVN.com and 7News for more details on this developing story.

Spain’s Socialists have a Sánchez problem

Published Wed, 05 Mar 2025 18:55:23 GMT

SEVILLE, Spain — Socialist Prime Minister Pedro Sánchez won’t be on the ballot when Spaniards vote in local elections Sunday — but he might as well be.Everyone in the country sees this weekend’s municipal votes as a dress rehearsal for the national election, which has to be held by the end of the year.That’s bad news for Socialist candidates like Antonio Muñoz, the mayor of Seville who just wants to be reelected on his own merit — but may end up losing his post because Sánchez is so unpopular.In an interview with POLITICO, Muñoz complained that the national framing of the election — and the conservative party’s critiques of Sánchez — had undermined the possibility of real debate over how to improve Spain’s fourth-largest city, the capital of the country’s Andalusia region.“If you want to just generate noise and have a debate about national politics: run for parliament, not mayor of Seville,” Muñoz said. “Me, I’ve stayed faithful ...

Police investigating after person found shot following crash in Stoughton

Published Wed, 05 Mar 2025 18:55:23 GMT

Several people taken to the hospital, including one person who was found to be suffering from a gunshot wound, after a crash in Stoughton Wednesday night, police said.Stoughton police said the crash happened at the intersection of Plain Street and West Street,Police said the person with the gunshot wound was taken to a hospital. Four other people were also taken to the hospital with unknown injuries, according to police.The intersection was closed to all traffic as of around 11 p.m. Wednesday and is expected to remain closed until further notice. Three vehicles were seen stopped in the intersection. In an update, though, police said only two of the vehicles were involved in the crash.While an investigation was ongoing, police said they did not believe there was an exchange of gunfire. Instead, police said they believed someone in one of the cars in the crash fired shots into the third car, a white SUV, which was not involved in the crash. A man was then found with a gunshot wou...

Fire crews battling blaze in Somerville triple-decker

Published Wed, 05 Mar 2025 18:55:23 GMT

Fire crews are battling a large fire that has broke out in a triple-decker in Somerville.No additional information was immediately available.This is a developing news story; stay with 7NEWS on-air and online for the latest details.

Winning Weekend Weather

Published Wed, 05 Mar 2025 18:55:23 GMT

The warmth of yesterday went out with that late-day front sliding through, ushering in cooler air along with some showers. The rain has tapered off early on this Thursday morning, yielding back to dry air, but cooler air as well. Highs today max out in the mid 60s with a northerly wind gusting to 15-20mph. It’ll be cool tonight with temps fading back into the upper 30s and low 40s in the cooler suburbs. The bounce back is nice tomorrow, as highs reach the low 70s inland and hold near 60 at the coast. The long weekend forecast looks great. Payback for the 2021 Memorial Day Weekend when 50s and rain prevailed? Temps Saturday run into the mid 70s, we push low to mid 80s Sunday and then back into the 70s Monday. It’ll be dry from start to finish with comfortable amounts of humidity in place. The Cape Cod forecast is dry, with temps in the 60s. The Lakes Region forecast is great too as mild to warm air wins out. Enjoy the weekend!

Mayor Wu, Commissioner Cox to hold news conference amid uptick in violence in Boston

Published Wed, 05 Mar 2025 18:55:23 GMT

Mayor Michelle Wu and Boston Police Commissioner Michael Cox will hold a news conference Thursday to address an uptick in street violence in the city just a day after 7NEWS obtained surveillance video showing a person firing shots at a busy intersection.The video shows what appears to be a person firing a gun in a busy intersection in Dorchester at the same time of a report of shots fired in the area Tuesday.The video was captured by a security camera at a local business at the intersection of Gallivan Boulevard and Dorchester Avenue.The business owner said he has shared the video with police. In the video, a person dressed in gray can be seen walking across the street. The person appears to take several shots at nearby cars before running off. A home across the street was grazed by a bullet. No injuries were reported in the shots fired incident.Boston Police told 7NEWS they were still actively looking for the shooter as of Wednesday.Community leaders have raised conc...