A 19-year-old is shot dead in Northglenn and a suspect is in custody.

FARO Slides 23% Upon Pricing Of $60 Mln Convertible Senior Notes Due 2028

FARO Technologies, Inc. (FARO) shares are declining more than 23 percent on Friday morning trade after the company announced the pricing of $60 million, 5.50 percent convertible senior notes due 2028 in a private placement. The offering is expected to close on January 24.

FARO intends to use the net proceeds of approximately $57.7 million from this offering for working capital and other general corporate purposes.

Currently, shares are at $27.11, down 23.20 percent from the previous close of $35.30 on a volume of 536,206.

European Economic News Preview: Germany Wholesale Prices Data Due

Wholesale price data from Germany is the only major statistical report due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is set to issue Germany’s wholesale prices for December. Wholesale prices had increased 14.9 percent on a yearly basis in November.

In the meantime, foreign trade data is due from Norway. The trade surplus had totaled NOK 101.1 billion in November.

At 3.00 am ET, the Czech Statistical Office is scheduled to publish producer prices for December. Producer price inflation is seen easing to 20.8 percent from 21.3 percent in November.

In the meantime, final consumer price data is due from Austria.

At 6.00 am ET, Ireland’s Central Statistics Office is set to release foreign trade data for November.

Opinion | ‘Fleishman Is in Trouble’ and the Angst of the Striving Upper Class

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By Ross Douthat

Opinion Columnist

China House Prices Fall Further On Subdued Demand

China’s average new home prices declined further at the end of the year amid lower demand as well as tight financial conditions at developers’ side amid ongoing pandemic woes, reports said Monday, citing data from the National Bureau of Statistics.

New house prices in 70 large and medium sized cities fell 1.5 percent year-over-year in December, following a 1.6 percent decrease in the prior month. 

Nonetheless, as a result of the country’s easing anti-COVID measures, the rate of decline improved slightly.

Despite the signs of recovery, the property market remains uneven and more supportive policies are needed to restore sentiment, analysts said.

On a monthly basis, house prices dropped at a steady rate of 0.2 percent in December.

New home prices declined in 55 out of 70 cities in December, four more than in November, the NBS said in a statement.

Last year, some buyers boycotted mortgages due to as debt-ridden developers failed to complete stalled projects.

Oil Futures Settle Higher On Demand Hopes

Crude oil prices climbed higher on Friday amid optimism about the outlook for energy demand following China reopening its economy, and a top official saying the worst is over in the battle against Covid-19.

The dollar’s drop from the day’s highs contributed as well to the rise in oil prices.

West Texas Intermediate crude oil futures for March, the most active contract, settled with a gain of $1.03 or about 1.3% at $81.64 a barrel.

West Texas Intermediate Crude oil futures contract for February ended up $0.98 or about 1.2% at $81.31 a barrel on expiration day.

Brent crude futures were up $1.38 or about 1.6% at 87.54 a barrel a little while ago.

According to the data released by the Joint Organizations Data Initiative on Thursday, Chinese oil demand climbed by nearly 1 million barrels per day from the previous month to 15.41 million barrels per day in November 2022, the highest level since February, 2022.

Oil prices also benefited from comments from International Energy Agency head Fatih Birol that a rebound in Chinese economy and the Russian oil industry’s struggles under sanctions could tighten energy markets this year.

Northbound I-25 closed after crash near Longmont that injured three

Northbound lanes of Interstate 25 are closed near Longmont after a multi-vehicle wreck injured three people.

The crash, involving two tractor-trailers and three cars, happened just north of exit 243 in the northbound lanes, Mountain View Fire Rescue said in a 1:06 p.m. tweet.

The Colorado State Patrol said three people have been taken to a hospital, including at least one person with serious injuries.

Traffic is being detoured onto the frontage road. An investigation into the cause of the crash is underway.

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The Many Lessons of Kouign-Amann

I made this Breton-style cake at least half a dozen times to perfect it. Here’s what it taught me about grief.

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By Yewande Komolafe

A 19-year-old is shot dead in Northglenn and a suspect is in custody.

A teenager was shot dead in Northglenn and a suspect is in custody, police said.

The shooting happened about 11:55 a.m. in the 11700 block of Delaware Court, the Northglenn Police Department said in a 5:08 p.m. Saturday tweet.

Police responded to the area on a disturbance report and found a 19-year-old male inside a residence suffering from a gunshot wound. He was taken to a hospital where he was pronounced dead. A man at the scene was taken into custody. An investigation is ongoing.