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Best Buy posts mixed 1Q results but gadget slump will bottom out as shoppers replace their devices.

Published Tue, 05 Nov 2024 16:25:49 GMT

By ANNE D’INNOCENZIO (AP Retail Writer)NEW YORK (AP) — Best Buy turned in a first-quarter profit that beat Wall Street expectations, while the nation’s largest consumer electronics chain continued to wrestle with weak consumer demand for gadgets.But the Minneapolis-based chain predicted on Thursday that the slump in consumer electronics will bottom out by year-end as customers who bought gadgets at the onset of the pandemic will start to update their devices.For now, Best Buy reaffirmed its cautious financial outlook, underscoring continued economic uncertainty. Best Buy’s sales during the depths of the pandemic were fueled by oversized spending by Americans who splurged on gadgets to help them work from home or help their children with virtual learning. Government stimulus checks drove a lot of that spending. But more than a year ago, consumers began to pull back from items that were popular during the pandemic like TVs and casual clothing as they became mor...

Keith Ellison’s new book recounts the George Floyd case and Derek Chauvin’s conviction

Published Tue, 05 Nov 2024 16:25:49 GMT

Minnesota prosecutors were so worried a judge would move the murder trial of former Officer Derek Chauvin out of the city where he killed George Floyd that they conducted a mock trial in a deep red rural county to test their strategy, Attorney General Keith Ellison reveals in a new book.It worked. Ellison was pleasantly surprised that even the mock jurors in Stearns County of central Minnesota would have convicted Chauvin and three co-defendants of manslaughter, and almost all would have convicted them on the top charge of second-degree murder. Two simulated juries in Hennepin County, where the case ultimately stayed, came back guilty on all counts.“Break the Wheel: Ending the Cycle of Police Violence,” will be released Tuesday by Twelve, an imprint of the Hachette Book Group, two days ahead of the third anniversary of Floyd’s death on May 25, 2020. Chauvin, who is white, kneeled on the Black man’s neck for 9 1/2 minutes. A bystander video captured Floyd’s fading cries of “I can’t b...

Albany among top areas for college graduates in 2023

Published Tue, 05 Nov 2024 16:25:49 GMT

ALBANY, N.Y. (NEWS10) -- The Albany area has ben named among the top markets for college graduates in 2023, according to Zillow. Albany was ranked number 8 overall. Get the latest, news, weather, sports and community events delivered right to your inbox! “Graduating from college and moving to a new city to start your career is a major milestone," said Anushna Prakash, an economic data analyst at Zillow. “Zillow’s top markets for college grads are buzzing with abundant job opportunities, a chance to connect with fellow 20-somethings, and rent prices that allow more freedom to spend on nights out or even start saving for a down payment. They’re great places to kick-start life’s exciting next chapter.”In Albany, the average rent is $1,524 per month, with the average yearly salary being $63,513 for recent college graduates, said Zillow. This leaves the rent-to-income ratio at 29%. Pair planning to revive Amsterdam’s Emerald Cinemas Top 10 markets for college grads in 2023Colorado Sp...

Former Inspector General Letizia Tagliafierro passes away

Published Tue, 05 Nov 2024 16:25:49 GMT

ALBANY, N.Y. (NEWS10) -- Former New York State Inspector General Letizia Tagliafierro has passed away after a battle with cancer. She was 50. Get the latest, news, weather, sports and community events delivered right to your inbox! The Saugerties native and SUNY Albany graduate served as a longtime official of the Andrew Cuomo administration, acting as Inspector General from January 2019 until she resigned in September 2021. Throughout her career, Tagliafierro worked as a key member of multiple government bodies, including the NYS Legislature, as a prosecutor for the Erie County District Attorney's Office in Buffalo, and several vital roles aross the State Government. Former New York governor Andrew Cuomo shared a statement about his former associate. "Letizia Tagliafierro was a unique and extraordinary combination. She was brilliant, giving, compassionate, and she dedicated those gifts to public service. She served with me in the Attorney General and Governor's office and her ...

Hochul suspends construction-related lane closures for Memorial Day weekend

Published Tue, 05 Nov 2024 16:25:49 GMT

ALBANY, N.Y. (NEWS10) -- Starting at 6 a.m. on Friday, May 26, temporary construction-related lane closures for road and bridge construction projects on New York State highways will be suspended. According to Governor Kathy Hochul, this decision was made to ease travel over Memorial Day weekend. Get the latest, news, weather, sports and community events delivered right to your inbox! The suspended lane closures will last until 6 a.m. on Tuesday, May 30. Construction behind permanent concrete barriers or emergency repairs may continue over the weekend."Memorial Day marks the unofficial start of the summer season, and New Yorkers across the state will be hitting the road to enjoy time with friends and family," said Governor Hochul. "We are suspending construction on state roads to help ease traffic and ensure that everyone is able to reach their destination safely and with minimal delays. I urge everyone traveling this weekend to do their part by planning ahead and driving responsib...

Fulton County Sheriff holds annual water safety training

Published Tue, 05 Nov 2024 16:25:49 GMT

FULTON COUNTY, N.Y. (NEWS10) -- The Fulton County Sheriff’s Office held their annual water safety training with dozens of first responders on The Great Sacandaga Lake. The training simulates boat and jet ski accidents and other rescues. “When we all come together for an instant, everybody knows everybody, everybody knows what resources are available and who they can count on for different aspects of the job," Steven SantaMaria, Director of Emergency Management, said. Get the latest, news, weather, sports and community events delivered right to your inbox! The event has grown since 2016 to involve multiple county and state agencies and provide a window to learn about different resources and protocols between departments. Sheriff Richard Giardino said staffing shortages in law enforcement over the last year make those multi-department responses a necessity. “Asking other agencies for help is part of it," Giardino said. "Last year we were fully staffed, this year we’re at fifty perc...

Reservations required for some Adirondack trails

Published Tue, 05 Nov 2024 16:25:49 GMT

ALBANY, N.Y. (NEWS10) - Every summer - especially since the outset of the COVID-19 pandemic - trails in the Adirondack Park swell with hikers. For the third year in a row, the Department of Environmental Conservation is enacting a parking reservation system in a section of the park that needs moderation, in order to keep roads safe and lots organized. Get the latest, news, weather, sports and community events delivered right to your inbox! Lasting from Monday, May 1, until Tuesday, Oct. 31, the DEC has enacted a parking reservation system at the Adirondack Mountain Reserve. Located in the town of Keene, the reserve spans roughly 7,000 acres of Adirondack forest, including parts of the upper and lower Ausable Lakes and East Branch Ausable River. Mountains within the reserve include Noonmark Mountain and Round Mountain.Parking reservations are required for the region, but come at no cost to visitors. A total of 70 reservations are available per day, and must be scheduled for a day o...

BREAKING: Dennis Drue, driver in fatal 2012 Northway crash released from prison

Published Tue, 05 Nov 2024 16:25:49 GMT

CAPITAL REGION, N.Y. (News10)-Dennis Drue, the drunk and drugged driver who caused the fatal crash that killed Shenendehowa students Christopher Stewart and Deanna Rivers and seriously injured their close friends Bailey Wind and Matt Hardy is being released today.News10's Anya Tucker spoke with people close to the matter, who say Drue was granted parole and will be living with a family member in the Capital Region, while under the supervision of the Department of Parole. News10 has confirmed his release date as being May 25th, 2023 through state documents. Drue had already been denied parole 3 previous times. Drue was serving a 5–15-year prison term on charges that included vehicular manslaughter and aggravated vehicular homicide for the crash on the Northway on December 1st, 2012.He admitted in court that he was drunk and speeding when he drove his vehicle into the Ford Explorer the teens were in. Deanna's family shared this statement: "It is a sad day for our family as our fight ...

Crash on Patroon Island Bridge cleared

Published Tue, 05 Nov 2024 16:25:49 GMT

ALBANY, N.Y. (NEWS10) -- According to 511 NY, a crash on I-90 westbound on the Patroon Island Bridge; near the Albany and Rensselaer County Line, has cleared.Check out NEWS10's traffic tracker. You can plan your route and see traffic delays in real-time!The crash initially shut down two lanes on the bridge.

Settlement reached in Fox Theatre ownership battle

Published Tue, 05 Nov 2024 16:25:49 GMT

ST. LOUIS - A years-long legal battle over the ownership of the Fox Theatre has been resolved. Two parties, Fox Associates LLC and Foxland Inc., have agreed to a settlement over the St. Louis landmark. The parties call it a "mutually satisfactory settlement." The settlement comes as a lease on the Fox Theatre was pushing 100 years and set to expire in 2025. Under the settlement, Fox Associates will purchase Foxland’s interest in the land underlying the theatre, which would consolidate ownership to one party. Mom: Son with disabilities restrained at school 75 times in four years “On behalf of myself and partners Lisa Baudendistel Suntrup and Julie Baudendistel Noonan, we are thrilled that the Fabulous Fox Theatre will continue to bring world class entertainment to St. Louis for generations to come,” said Mary Strauss, Fox Associates partner. “It has been a labor of love for our Strauss and Baudendistel families to be the custodians of this St. Louis treasure and national landmark ...