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Even celebrity realtors feel the pinch as Southern California mansion sales fall

Published Mon, 16 Dec 2024 16:39:13 GMT

By Caelyn Pender | BloombergHigher interest rates and a new tax on luxury home sales in Los Angeles are weighing on even the celebrity real estate agents who show off their million-dollar listings on TV.Mauricio Umansky, chief executive officer of the Agency and star of the Netflix series Buying Beverly Hills, said his company’s transaction volume, though better than average, is down about 25%. The housing market, he said, “is in a recession.”Jason Oppenheim, president of the Oppenheim Group and star of two other Netflix programs, Selling Sunset and Selling the OC, also expects to sell fewer homes this year.“This is when agents get defined — in difficult times,” he said.The nation’s second-largest city, a perennial hot spot for real estate, is wrestling with higher interest rates that make homes less affordable and a new tax that went into effect in April. The city imposes a 4% levy on properties selling for over $5 million and 5.5% on those over $10 million, with the money going to...

Cadaver dogs are in Maui to help find the dead. Here’s how it works and why it’s difficult

Published Mon, 16 Dec 2024 16:39:13 GMT

By Zoe Sottile | CNNTwisted metal. The carcases of burned sedans. Charred shells of what once were homes, thriving businesses and cultural landmarks. As Maui officials continue searching through the wreckage for the many who are still missing after wildfires tore through the island, they have a new tool at hand: human remains detection dogs, often called cadaver dogs.The wildfires, whipped by strong winds from Hurricane Dora offshore, ravaged the once vibrant Hawaiian island, killing at least 93 people. Only two of the dead have been identified as of Saturday.The disaster is the deadliest US wildfire in over 100 years, according to research from the National Fire Protection Association. Officials have acknowledged the death toll is likely to increase and the true scale of the casualties is unclear. And spotty cell phone coverage has added to the confusion over missing friends and family.Cell signals are improving – some families have finally been able to reach their loved ones throu...

‘Time to move on’: Mark Zuckerberg says Elon Musk ‘isn’t serious’ about cage fight

Published Mon, 16 Dec 2024 16:39:13 GMT

By Juliana Liu | CNNMark Zuckerberg says Elon Musk “isn’t serious” about a cage fight and “it’s time to move on” from their proposed showdown, the details of which were never nailed down.“Elon won’t confirm a date, then says he needs surgery, and now asks to do a practice round in my backyard instead,” the Meta chief executive wrote on social platform Threads Sunday.“If Elon ever gets serious about a real date and official event, he knows how to reach me. Otherwise, time to move on. I’m going to focus on competing with people who take the sport seriously.”Zuckerberg, 39, had previously proposed August 26 for the fight, but said Musk, 52, hadn’t confirmed.Related ArticlesBusiness | Man arrested after spray painting Nazi imagery on Peninsula Synagogue, vandalizing Teslas Business | Lawsuit: Tesla faked driving range for cars, created special unit to squelch complaints Business | Elon Musk promises to fund legal fights of discriminated X users...

Embraer: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 16:39:13 GMT

SAO JOSE DOS CAMPOS, Brazil (AP) — SAO JOSE DOS CAMPOS, Brazil (AP) — Embraer SA (ERJ) on Monday reported a loss of $18.8 million in its second quarter.On a per-share basis, the Sao Jose Dos Campos, Brazil-based company said it had a loss of 10 cents. Earnings, adjusted for non-recurring costs, were 32 cents per share.The plane and jet manufacturer posted revenue of $1.29 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $1.16 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERJ at https://www.zacks.com/ap/ERJSource

CorEnergy: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 16:39:13 GMT

KANSAS CITY, Mo. (AP) — KANSAS CITY, Mo. (AP) — CorEnergy Infrastructure Trust Inc. (CORR) on Monday reported a loss of $4 million in its second quarter.The Kansas City, Missouri-based company said it had a loss of 40 cents per share. Losses, adjusted for non-recurring costs, came to 6 cents per share.The traded fund posted revenue of $35.7 million 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 CORR at https://www.zacks.com/ap/CORRSource

Breanna Stewart sets WNBA record with 3rd 40-point game this season, Liberty beats Fever 100-89

Published Mon, 16 Dec 2024 16:39:13 GMT

INDIANAPOLIS (AP) — Breanna Stewart scored 30 of her 42 points in the first half to help the New York Liberty beat the Indiana Fever 100-89 on Sunday and set a franchise record for wins in a season. New York (24-6) has won six games in a row and 10 of its last 11. Stewart, who scored 45 points in a 90-73 win over the Fever on May 21 and a 43-point performance against the Phoenix Mercury on July 5, became the first player in WNBA history to score at least 40 points three times in the same season. Stewart joins Diana Taurasi (4) and Maya Moore (3) as the only players to top the 40-point plateau three times in their career. Jonquel Jones had 15 points and 12 rebounds for the Liberty, Betnijah Laney scored 12 and Sabrina Ionescu 10. Courtney Vandersloot scored just four points on 1-of-7 shooting but finished with 14 assists. Ionescu hit two 3-pointers, giving her 101 made 3s this year to join Taurasi and Kelsey Plum as the only players in league history with 100-plus 3s in a single seas...

Zevra Therapeutics: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 16:39:13 GMT

CELEBRATION, Fla. (AP) — CELEBRATION, Fla. (AP) — Zevra Therapeutics, Inc. (ZVRA) on Monday reported a loss of $5.1 million in its second quarter.The Celebration, Florida-based company said it had a loss of 15 cents per share.The specialty pharmaceutical company posted revenue of $8.5 million 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 ZVRA at https://www.zacks.com/ap/ZVRASource

PDS Biotechnology: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 16:39:13 GMT

FLORHAM PARK, N.J. (AP) — FLORHAM PARK, N.J. (AP) — PDS Biotechnology Corporation (PDSB) on Monday reported a loss of $11.5 million in its second quarter.The Florham Park, New Jersey-based company said it had a loss of 37 cents per share.The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 37 cents 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 PDSB at https://www.zacks.com/ap/PDSBSource

Gamida Cell: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 16:39:13 GMT

BOSTON (AP) — BOSTON (AP) — Gamida Cell Ltd. (GMDA) on Monday reported a loss of $31.7 million in its second quarter.On a per-share basis, the Boston-based company said it had a loss of 31 cents._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GMDA at https://www.zacks.com/ap/GMDASource

Empowering education: AI technology set to transform classrooms as students return to school

Published Mon, 16 Dec 2024 16:39:13 GMT

Students and their families are getting ready to go back to school and this year, students are getting some high-tech help that promises to bring benefits to the classroom.As the start of another school year arrives, students will have time to hit the books and study, but with the help of artificial intelligence, they would be able to expand their minds even more than before. CEO and founder of WURRLYedu, a platform that curates lesson plans for music education, Nadine Levitt said AI technology is used to mimic human cognitive power.“It basically is some kind of computer or some kind of a machine that’s mimicking human behavior, but a very narrow scope, so it’s not we’re not talking terminator or anything like that,” she said. “We’re not talking general intelligence — where somebody is like a robot and is somewhat the equivalent or better than a human, this is more of a narrow scope, it’s one or two tasks that are able to [think ...