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Strongest US economic growth since 2021 puts Fed in tough spot

Published Mon, 23 Dec 2024 08:39:11 GMT

Rich Miller and Augusta Saraiva | BloombergThe US economy likely expanded in the third quarter at the fastest clip in nearly two years, a surprising acceleration primarily powered by a consumer reaping the benefits of resilient job growth, rising wealth and easing inflation.Gross domestic product is projected to have grown at an annual rate of 4.5% last quarter, more than double the pace in the prior period, according to a Bloomberg survey of economists ahead of the release of government data on Thursday. That would be the fastest pace since the end of 2021, when the economy was shaking off the effects of the pandemic.“The US consumer has been surprising most predictions, including the Federal Reserve predictions, which is almost looking for the US consumer to soften, and yet they don’t,” Elie Maalouf, chief executive officer at InterContinental Hotels Group, said on the company’s Oct. 20 earnings call.The blowout quarter is good news for President Joe Biden, who’s had trouble convi...

At least 27 dead in Acapulco as Otis batters Mexicio

Published Mon, 23 Dec 2024 08:39:11 GMT

By Mark Stevenson | Associated PressACAPULCO, Mexico — Otis’ stunning transformation into a monster hurricane killed at least 27 people as it devastated Acapulco, officials said Thursday.President Andrés Manuel López Obrador went by road after the hurricane hit the iconic city on Mexico’s Pacific coast, where at least four people remained missing. He said Otis had toppled every power-line pole in the zone where it hit on Wednesday, leaving much of the city of 1 million without electricity.Otis turned from mild to monster in record time, and scientists are struggling to figure out how — and why they didn’t see it coming. With tens of thousands of residents in damaged homes without power, the toll could rise.“The people sheltered, protected themselves and that’s why fortunately there weren’t more tragedies, loss of human life,” López Obrador said.Acapulco’s municipal water system was down and López Obrador, who made it into Acapulco late...

Sale closed in Los Gatos: $6.8 million for a five-bedroom home

Published Mon, 23 Dec 2024 08:39:11 GMT

103 Kennedy Court – Google Street ViewA 4,500-square-foot house built in 1995 has changed hands. The spacious property located in the 100 block of Kennedy Court in Los Gatos was sold on Oct. 12, 2023. The $6,750,000 purchase price works out to $1,500 per square foot. This two-story house offers a capacious living environment with its five bedrooms and four baths. The property is equipped with forced air heating and a cooling system. Additionally, the house features a three-car garage, providing ample room for vehicles and storage needs. The property’s backyard also includes both a spa and a pool.Additional houses have recently been purchased nearby:On Kennedy Court, Los Gatos, in April 2023, a 3,860-square-foot home was sold for $5,400,000, a price per square foot of $1,399. The home has 4 bedrooms and 4 bathrooms.A 5,303-square-foot home on the 16100 block of Kennedy Road in Los Gatos sold in July 2023, for $6,850,000, a price per square foot of $1,292. The home has 5 bedrooms and ...

California Uber driver accused of killing woman pushing stroller now faces murder charge

Published Mon, 23 Dec 2024 08:39:11 GMT

A Los Angeles man accused of driving the wrong way on Shoreline Drive in Long Beach, running a red light and crashing into pedestrians and other vehicles — killing a woman — now faces a murder charge a week after he pleaded not guilty to voluntary manslaughter, according to court records.Khalid Yagobbi, 46, was taken back into custody after a hearing at the Long Beach Superior Courthouse on Tuesday, Oct. 24, court and inmate records show. He was being held on $6 million bail.In addition to murder, Yagobbi also faces four counts of attempted murder and four counts of assault with a deadly weapon.Yagobbi was driving for Uber and behind the wheel of a Chevrolet Bolt with a passenger in the car, prosecutors say, when he ran the red light at Aquarium Way on Oct. 14.Police say Yagobbi did not slow down as he approached the intersection.Related ArticlesCrime and Public Safety | Driver killed in solo crash on Soquel San Jose Road Crime and Public Safety | Oakland ...

49ers great Ronnie Lott, music star Sheila E. introduce new music program

Published Mon, 23 Dec 2024 08:39:11 GMT

Legendary 49er Ronnie Lott and music star Sheila E. are among the arts/media/sports/business leaders who are banding together for Follow the Music.It’s a new music education and emerging artists program that has been developed in partnership with Elevate Oakland (which was co-founded by Sheila E.).The program is set to kick off with a concert featuring young artists from Oakland School for the Arts, GLIDE Memorial Church, San Francisco Community Music Center, ELM (Enriching Lives Through Music), Blue Bear School of Music and SFJAZZ at 6 p.m. Oct. 29 at the Guild Theatre in Menlo Park. Tickets are $20, guildtheatre.com.The organization’s name — Follow the Music — serves as “a call to action inspired by the Bay Area’s unrivaled legacy of music and social justice. It recognizes that young people are inheriting a world facing profound challenges, and music has a unique ability to help them express themselves, and navigate the road ahead,” accord...

In-N-Out Burger’s 2024 T-shirt is now on sale

Published Mon, 23 Dec 2024 08:39:11 GMT

In-N-Out Burger’s 2024 T-shirt has gone on sale online and in restaurants.The black garment comes from the chain’s 75th anniversary collection, which debuted Sunday, Oct. 22, at a 12-hour festival at the In-N-Out Burger Pomona Dragstrip. “This one is very special to me — we went through over 40 versions of this design to get it just right for our customers,” owner and president Lynsi Snyder said in a statement. “I wanted to make sure this shirt captured many of the pieces that have made up In-N-Out Burger throughout our 75 years.”Snyder is the granddaughter of owners Harry and Esther Snyder, who opened the first In-N-Out drive-thru in Baldwin Park on Oct. 22, 1948. She has worked with artists designing the collector shirts since 2002, according to the company, which is now based in Irvine.The front of the T-shirt features the In-N-Out sign with its yellow arrow. On the back, the arrow becomes a photo collage of the Snyder family and In-N-Out associates through the decades. The artis...

San Jose Sharks place top-six forward on injured reserve, make corresponding move

Published Mon, 23 Dec 2024 08:39:11 GMT

San Jose Sharks forward Alexander Barabanov has been placed on injured reserve with a broken finger and is considered week-to-week, coach David Quinn said Thursday prior to his team’s game with the Tampa Bay Lightning.Barabanov, injured in Tuesday’s game between the Sharks and Florida Panthers, will be returning to San Jose today to have the finger examined by a specialist, Quinn told reporters at Amalie Arena.In a corresponding move, the Sharks recalled center Ryan Carpenter from the Barracuda, although he is not expected to play against the Lightning.Carpenter played for the Barracuda on Wednesday in San Jose but did not have a point in the Sharks’ AHL affiliate’s 4-3 overtime loss to the Henderson Silver Knights at Tech CU Arena. Carpenter has six points in five games with the Barracuda this season.After Thursday, the Sharks (0-5-1) conclude their road trip with games against the Carolina Hurricanes on Friday and the Washington Capitals on Sunday.Barabanov was injured...

Trump’s resistance to accountability is testing the system

Published Mon, 23 Dec 2024 08:39:11 GMT

By Alanna Durkin Richer, Eric Tucker and Jill Colvin | Associated PressNEW YORK — Donald Trump isn’t used to constraints.The former president ignores and antagonizes anyone who tells him no. He built a business — and later political — brand as someone who says and does what he wants, largely without consequence. Even after losing the White House, Trump remains accustomed to deference, surrounded by people who greet him with nightly standing ovations at his clubs and cheer his most outrageous lies.But Trump came face-to-face with a new reality Wednesday when he was called to the witness stand and fined $10,000 for violating a gag order prohibiting him from attacking court personnel in his New York civil fraud case. Trump denied he was referring to a senior law clerk when he told reporters in the courthouse hallway that someone “sitting alongside” Judge Arthur Engoron was “perhaps even much more partisan than he is.”Engoron wasn’t having it.“I...

Suspect fatally shot in San Joaquin County during traffic stop

Published Mon, 23 Dec 2024 08:39:11 GMT

(FOX40.COM) -- A suspect died on Thursday morning after being shot by a San Joaquin County Sheriff's Deputy, according to sheriff's officials. At 5 a.m., a suspicious vehicle was spotted by deputies near Highway 99 and E Frontage Road and was stopped to make contact with the driver. Stockton hospital looking for help in identifying patient The driver was found to have a warrant out for his arrest and refused to exit the vehicle for about an hour as deputies attempted multiple peaceful surrender protocols.The man eventually exited at 6 a.m. with a knife in his hand and stabbed a sheriff's K-9 in the face and an officer fired their service weapon. The suspect was taken to a local hospital for his injuries and was later pronounced dead. The K-9 is expected to recover from its injuries.

First snow of fall blankets Lake Tahoe mountains

Published Mon, 23 Dec 2024 08:39:11 GMT

(KRON) -- The first significant snowfall of the fall dusted the mountains above Lake Tahoe on Wednesday with one inch at the base, and four inches on Palisades Tahoe ski resort's upper mountain. "Old man winter is back in town!" said Patrick Lacey of Palisades Tahoe. The early season snowfall was a welcome sight for ski bunnies and snowboarders looking forward to the upcoming winter season.A photographer at Palisades Tahoe shot photographs of the snowy landscape below:(Photo by Blake Kessler Media)(Photo by Blake Kessler Media)(Photo by Blake Kessler Media)(Photo by Blake Kessler Media)(Photo by Blake Kessler Media)(Photo by Blake Kessler Media)Palisades Tahoe spokesperson Bryan Allegretto wrote, "Behind the cold front, we have cold air in place over the West, with below-average temperatures expected through Sunday. Highs into the 40s at the base and 30s up top. By the end of next week, around the 3rd of November, and beyond, the long-range models continue to show a large trough and...