Road rage shooting in Wheat Ridge leaves woman seriously injured

A woman was injured Thursday night in a suspected road rage shooting in Wheat Ridge.

The shooting happened on 38th Street near Vance Street and High Court.

Initial reports suggest the vehicle with the victim may have cut off the suspect vehicle before someone in that suspect vehicle fired at the other vehicle, hitting the woman, the Wheat Ridge Police Department said on Facebook.

The woman, 58, was then driven to a hospital with serious injuries.

Police have not released any suspect information but said on Twitter the suspect vehicle is a black sedan.

One killed, two injured in overnight crash on I-25 near Quincy, I-225

One person died in a three-car crash overnight on Interstate 25 near Quincy Avenue just north of the Interstate 225 junction, the Denver Police Department tweeted at 9:03 p.m. Thursday.

The two other drivers were injured and taken to area hospitals. Their injuries appeared to be non-life-threatening, police said.

The Denver Office of the Medical Examiner will release the deceased victim’s ID and cause of death.

SCVL Stock Up 5%

Shares of Shoe Carnival Inc. (SCVL) are currently trading at $22.94, up $1.14 or 5.23%, with trading of over 171 thousand versus an average volume of 332K shares. The stock has been trading between $19.43 and $41.71 for the past one year.

The company, recently, announced that its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2023.

In addition, its Board of Directors approved the payment of a quarterly cash dividend of $0.09 per share to be paid on January 23, 2023, to shareholders of record as of the close of business on January 9, 2023.

U.S. Consumer Sentiment Unexpectedly Improves In December, Inflation Expectations Dip

Preliminary data released by the University of Michigan on Friday unexpectedly showed an improvement in U.S. consumer sentiment in the month of December.

The report said the consumer sentiment index climbed to 59.1 in December from 56.8 in November, while economists had expected the index to drop to 53.3.

“Gains in the sentiment index were seen across multiple demographic groups, with particularly large increases for higher-income families and those with larger stock holdings, supported by recent rises in financial markets,” said Surveys of Consumers Director Joanne Hsu.

She added, “Throughout the survey, concerns over high prices—which remain high relative to just prior to this current inflationary episode—have eased modestly.”

The unexpected increase by the headline index came as the current economic conditions index rose to 60.2 in December from 58.8 in November and the index of consumer expectations increased to 58.4 from 55.6.

The report also showed one-year inflation expectations fell to a fifteen-month low of 4.6 percent in December from 4.9 percent in November, while five-year inflation expectations held at 3.0 percent.

“Declines in short-run inflation expectations were visible across the distribution of age, income, education, as well as political party identification,” said Hsu.

Markets Extend Losses at End of Jittery Week

Wall Street has been wary of the effects that central bankers’ determination to fight inflation could have on the economy.

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Dropbox Buys FormSwift For $95 Mln In Cash

Dropbox, Inc. (DBX) Friday announced the acquisition of FormSwift, a cloud-based service, for $95 million in cash. The acquisition was closed Thursday.

The company said FormSwift will be a strong addition to its document workflows product suite.

U.S. Wholesale Inventories Rise Less Than Expected In October

The Commerce Department released a report on Friday showing U.S. wholesale inventories increased by less than expected in the month of October.

The report said wholesale inventories rose by 0.5 percent in October after climbing by 0.6 percent in September. Economists had expected wholesale inventories to increase by 0.8 percent.

Inventories of durable goods advanced by 0.7 percent in October after jumping by 1.0 percent in September, while inventories of non-durable goods edged up by 0.2 percent after coming in unchanged in the previous month.

The Commerce Department also said wholesale sales increased by 0.4 percent in October after inching up by 0.1 percent in September.

Sales of durable goods climbed by 0.8 percent in October after rising by 0.6 percent in September, while sales of non-durable goods came in unchanged after dipping by 0.3 percent in the previous month.

With inventories and sales both increasing, the inventories/sales ratio for merchant wholesalers came in unchanged from the previous month at 1.32.

Exact Sciences Spikes 23%

Exact Sciences Corp. (EXAS) shares are gaining more than 23 percent on Friday morning trade after Guardant Health announced only 83 percent sensitivity for its pivotal results for its colon cancer blood test while Exact Sciences’ Cologuard had recorded sensitivity of 92 percent.

Currently, EXAS is at $54.90, up 23.08 percent from the previous close of $44.61 on a volume of 4,418,656.

Luxor Group To Vote Against Proposed IAA Merger At RBA’s Upcoming Special Meeting

Luxor Group Capital, LP, the manager of funds owning 4.0 mln. shares of Ritchie Bros. Auctioneers Inc. or RBA (RBA,RBA.TO), representing 3.6% of the Company’s outstanding shares, announced on Friday that it has issued an open letter with supporting materials to the Company’s Board of Directors.

In its letter, Luxor details its serious concerns with the proposed merger between RBA and IAA, Inc. (IAA) and expresses its opposition to the deal.

As such, Luxor announced its intention to vote against the IAA Merger at the Company’s yet-to-be scheduled special meeting of shareholders.