(File photo)
(Brighton Twp.) Pennsylvania Governor Josh Shapiro will be a guest on ‘Live Mic” with Mike Romigh at 8:40 AM Thursday, February 15, 2024. Governor Shapiro will be discussing the budget, East Palestine, Marijuanna laws, raising the minimum wage, erasing medical debt, and whatever else comes up.
The interview will be on 99.3 FM, 1230 WBVP, and streaming online via our apps and website.
A woman is taken to an ambulance after an incident following the Kansa City Chiefs NFL football Super Bowl celebration in Kansas City, Mo., Wednesday, Feb. 14, 2024. The Chiefs defeated the San Francisco 49ers Sunday in the Super Bowl 58. (AP Photo/Reed Hoffmann)
KANSAS CITY (AP) — Minutes after Kansas City Chiefs players vowed to go for a third-straight Super Bowl title, shots were fired and multiple people were carried from the screen on stretchers. Fire Department Battalion Chief Michael Hopkins said eight to 10 people were injured Wednesday but declined further comment, saying only that additional information will be released soon. Police said in a news release that two people were detained. Fans were urged to exit the area as quickly as possible. Officers could be seen rushing toward Union Station, but later announced that they were releasing everyone from outside.
(Matt Drzik/Beaver County Radio)
A plan to renovate the Beaver County Airport Terminal in Chippewa is nearing approval, with the main roadblock being the final contractual numbers and obligations.
Solicitor Garen Fedeles stated at the Commissioners’ work session on Wednesday that the County is expected to pay $1.4 million into this project in conjunction with the Beaver County Airport Authority and the Community College of Beaver County. According to Commissioner Jack Manning, this is a project that the parties involved have been working on “for some time now.”
Commissioner Chairman Dan Camp explained that the County’s financial contribution will come from the general fund, with the other parties making up the difference. Camp stated that the Airport Authority “has no new source of revenue”, and that one of the only ways that they could generate more revenue is to create landing fees for the airport, which he feels would be an unnecessary “hindrance” to the students.
Camp also mentioned that the $1.4 million given to the project will be added to the yearly subsidy towards CCBC.
It was also announced at the work session that the list of letters to be sent out to municipalities who haven’t spent their ARPA money will be finalized soon, and that the Beaver County Snow Shovel Riding Championship that was scheduled for this weekend has been canceled.
Story by Curtis Walsh – Beaver County Radio. Published February 13, 2024 11:05 P.M.
(Beaver Falls, Pa) The Beaver Falls City Council met Tuesday evening for their first meeting of the month. Council approved the hiring of Police Officer Daniel Frederick. Frederick previously served with the Darlington Township Police Department. Officers James Brown III and Sierra Higby resigned.
A new firefighter, Nathan Abbott, was hired. He previously served with the Aliquippa Fire Department.
Rodney Austin was reappointed to the Beaver Falls Municipal Authority while Mike Brown was appointed to the Beaver Falls Recreation Board. A letter of retirement was accepted from Susan Yonlisky from her position with the city.
Council also approved for City Manager Mick Jones to apply for a CDBG grant for 2024.
The Council will meet next on February 27th.
PITTSBURGH (AP) — Sales slipped during the fourth quarter for Kraft Heinz as some customers, pinched by a bout of inflation, traded down to cheaper brands or did not buy as much.
A number of food makers, citing inflation, have raised product prices and that has helped preserve profits. But that can come at a cost to sales as some customers look for bargains elsewhere.
At Kraft Heinz, prices increased 3.7% and volumes slid 4.4%.
Last week PepsiCo, which makes snacks and drinks, experienced a similar trade-off after multiple price hikes and it posted a rare decline in revenue.
The Kraft Heinz Company on Wednesday reported fourth-quarter earnings of $757 million, or 61 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to 78 cents per share, edging past the 77 cents Wall Street was projecting, according to a survey by Zacks Investment Research.
The processed food company with dual headquarters in Pittsburgh and Chicago posted revenue of $6.86 billion, which fell shy of the $6.97 billion that industry analysts were looking for.
For the year, the company reported profit of $2.86 billion, or $2.31 per share. Revenue was reported as $26.64 billion.
Kraft Heinz expects full-year earnings in the range of $3.01 to $3.07 per share.
NEW YORK (AP) — U.S. stocks are holding steadier Wednesday, a day after skidding to sharp losses on worries that high interest rates may stick around for months longer than hoped.
The S&P 500 was 0.3% higher in midday trading after tumbling 1.4% on Tuesday. A hotter-than-expected report on inflation forced investors to delay forecasts for when the Federal Reserve may begin cutting interest rates, potentially into the summer. Expectations for such cuts are a big reason stocks rallied to records recently.
The Dow Jones Industrial Average was edging down by 10 points, or less than 0.1%, after dropping 524 points for its worst loss in nearly 11 months. The Nasdaq composite was 0.3% higher, as of 11 a.m. Eastern time.
The smallest stocks, which took the hardest hit from worries about higher interest rates on Tuesday, bounced back more than the rest of the market. The Russell 2000 index jumped 1%.
Helping to keep things steadier was a calmer bond market. Treasury yields were easing after shooting upward a day earlier on expectations the Fed would keep rates high for longer. The central bank has already jacked its main interest rate to the highest level since 2001 in hopes of slowing the overall economy just enough to grind high inflation down to its target.
The yield on the 10-year Treasury edged down to 4.28% from 4.32% late Tuesday. It’s still well above its 3.85% level at the start of this month.
DaVita jumped 6.4% for one of the S&P 500’s larger gains after the health care company reported stronger profit and revenue for the latest quarter than analysts expected.
Most companies in the S&P 500 have been topping analysts’ forecasts for the last three months of 2023. Hopes for stronger growth in 2024 from a solid economy have been another reason the S&P 500 has set 10 records already this year.
Lyft shares were 32.3% higher after a wild ride in off-hours trading driven by a typo in its latest earnings report. The ride-hailing company reported stronger profit and revenue than analysts expected, but its press release also said it expects a key measure of profitability to improve by 500 basis points, or 5 percentage points. Later, it said that should have been 50 basis points, or 0.5 percentage points.
Lyft’s stock had rocketed up 60% in after-hours trading Tuesday following the typo.
Rival Uber Technologies rose 11.8% after its board authorized a program to buy back up to $7 billion of its stock. Investors tend to like such programs because they send cash directly to shareholders and can boost per-share profits.
Robinhood Markets gained 8.6% after it reported a profit for the latest quarter, when analysts were expecting a loss. The stock and crypto trading platform also said its total net revenue rose 24%, more than analysts expected.
Online vacation rental booker Airbnb slid 4.6% after it reported losing $349 million in the fourth quarter due to an income tax settlement with Italy. Analysts had been expecting a profit.
The company forecast first-quarter revenue that would meet or beat Wall Street expectations, however, Airbnb said the pace of bookings growth is likely to “moderate” from the fourth quarter into the first.
Akamai Technologies dropped 7.9% after it reported mixed results. Its profit for the latest quarter topped analysts’ forecasts, but its revenue fell short.
In stock markets abroad, London’s FTSE 100 rose 0.8% following a better-than-expected report on inflation in the United Kingdom.
Hong Kong’s Hang Seng index gained 0.8% after trading reopened there, but markets remained closed in mainland China for the Lunar New Year holiday. Stocks fell elsewhere in Asia, with Japan’s Nikkei 225 down 0.7% and South Korea’s Kospi down 1.1%.
(Story by BCR Intern Isaiah Wise)
The Pennsylvania Department of Transportation announced that it will be closed on Saturday February 17, 2024, through Monday, February 19, 2024, in observance of Presidents Day. Customers are still able to go online and obtain vehicle information about products and services through PennDOT’s driver and vehicle services websites.
There is still a 24 hour driver and vehicle online service available seven days a week. If you need assistance with a driver’s license, photo ID and vehicle registration renewal, change of address, etc. you can do that by scheduling an appointment. There are no additional fees for using online services.
If you are a motorist you can check conditions on major roadways by visiting www.511PA.com. which is free and available 24 hours a day. They keep motorists updated about traffic delay warnings, weather forecasts, traffic speed information, and access to more than 1,000 traffic cameras.
(Matt Drzik/Beaver County Radio)
The St. Barnabas Health System has been recognized for their accomplishments in senior living and home healthcare, as they have achieved two gold awards from the Cranberry Eagle readers’ poll.
The Arbors in Valencia received Gold Award honors in the Assisted Living category, and also achieved a Gold Award in the Home Healthcare category. Additionally, St. Barnabas picked up bronze awards in two other categories: Senior Retirement Facility and Independent Living.
In Beaver County, St. Barnabas operates several facilities including Beaver Meadows in Brighton Township, and both the East Rochester and Tusca Shop N’ Save supermarkets.
(Story by BCR Intern Isaiah Wise)
A man from Homestead, Pennsylvania has been indicted on drug trafficking and machine gun charges. 27-year-old Erik Addison will be indicted by a federal grand jury in Pittsburgh on charges of violating federal narcotics and firearms laws.
On May 8th Addison possessed with intent to distribute a quantity of fentanyl and a quantity of a mixture of heroin and fentanyl. He then went on to possess a machine gun in furtherance of a drug trafficking crime,and that he possessed a firearm and ammunition as a convicted felon.
According to the law, for a mandatory minimum sentence of 30 years of imprisonment for possession of a machine gun in furtherance of a drug trafficking crime, with a maximum total sentence of up to life in prison, a fine of up to $250,000, or both.
(AP) Thousands of U.S. ride-hailing workers plan to park their cars and picket at major U.S. airports Wednesday in what organizers say is their largest strike yet in a drive for better pay and benefits.
Uber and Lyft drivers plan daylong strikes in Chicago; Philadelphia; Pittsburgh; Miami; Orlando and Tampa, Florida; Hartford, Connecticut; Newark, New Jersey; Austin, Texas; and Providence, Rhode Island. Drivers also plan to hold midday demonstrations at airports in those cities, according to Justice for App Workers, the group organizing the effort.
Rachel Gumpert, a spokesperson for Justice for App Workers, said ride-hailing drivers in other cities may also demonstrate or strike for at least part of the day.
Uber said Tuesday it doesn’t expect the strike to have much impact on its operations on Valentine’s Day.
“These types of events have rarely had any impact on trips, prices or driver availability,” Uber said in a statement. “That’s because the vast majority of drivers are satisfied.”
Gumpert described ride-hailing as a “mobile sweatshop,” with some workers routinely putting in 60 to 80 hours per week. Justice for App Workers, which says it represents 130,000 ride-hailing and delivery workers, is seeking higher wages, access to health care and an appeals process so companies can’t deactivate them without warning.
Gumpert said last year’s strikes at U.S. automakers — which led to more lucrative contracts for their unionized workers — helped embolden ride-hailing workers.
“It’s incredibly inspiring. When one worker rises up, it brings courage to another workers,” Gumpert said.
But ride-hailing companies say they already pay a fair wage.
Earlier this month, Lyft said it began guaranteeing that drivers will make at least 70% of their fares each week, and it lays out its fees more clearly for drivers in a new earnings statement. Lyft also unveiled a new in-app button that lets drivers appeal deactivation decisions.
“We are constantly working to improve the driver experience,” Lyft said in a statement. Lyft said its U.S. drivers make an average of $30.68 per hour, or $23.46 per hour after expenses.
Uber said its U.S. drivers make an average of $33 per hour. The company also said it allows drivers to dispute deactivations.