Black Baltimoreans fight to save homes from redevelopment
Residents of a historically Black neighborhood in west Baltimore filed a complaint this week asking federal officials to investigate whether the city's redevelopment policies are violating fair housing laws by disproportionately displacing Black and low-income residents to make way for so-called urban renewal projects.
GOP Rep. Banks jumps into race for open Indiana Senate seat
Republican Rep. Jim Banks, a combative defender of former President Donald Trump, announced on Tuesday that he is running for the U.S. Senate seat from Indiana being vacated by GOP Sen. Mike Braun. Banks is the first candidate to formally enter the Senate race since Braun said in December that he would forgo a 2024 reelection bid and run instead for Indiana governor. Banks’ announcement comes days after Donald Trump Jr. and the Washington-based anti-tax Club for Growth began attacking former Indiana Gov. Mitch Daniels as insufficiently conservative while Daniels ponders whether to also seek the Senate seat.
news.yahoo.comColumn: Spring football league's time has come ... and gone
Give it up, USFL. A revived United States Football League — borrowing the moniker and team nicknames from a league that went out of business 36 years ago — launched last month with all regular-season games being played in Birmingham, Alabama. USFL, The Sequel is following a familiar formula for spring football in recent years: a bunch of unknown players, sloppy play and games played in front of mostly empty seats.
news.yahoo.comWhat Block Trades Are and Why the SEC’s Investigating
Selling one share of stock can be simple: It generally goes for whatever price other shares of the same company are trading for at the moment. Selling large numbers of shares can be complicated, since the very act of selling can drive down the price -- especially if others get wind of a big stake being sold. The U.S. Securities and Exchange Commission and Justice Department are digging into how such “block trades” work, specifically into how bankers work with hedge funds to privately carry out s
washingtonpost.comWhat Block Trades Are and Why the SEC’s Investigating
Selling one share of stock can be simple: It generally goes for whatever price other shares of the same company are trading for at the moment. Selling large numbers of shares can be complicated, since the very act of selling can drive down the price -- especially if others get wind of a big stake being sold. The U.S. Securities and Exchange Commission and Justice Department are digging into how such “block trades” work, specifically into how bankers work with hedge funds to privately carry out s
washingtonpost.comHow to Tell If China’s Property Clampdown Has Peaked
Judging whether China is ready to give private property developers a break has become essential to investors looking at the sector’s stressed stocks and bonds. But the Communist Party’s opaque style means they are forced to rely on media reports to learn about new measures, the impact of which can be ambiguous. Developers themselves aren’t always clear on their plans to raise cash or pay down debt. That’s prompting money managers to look instead at indicators such as sales data, household loans,
washingtonpost.comWhat Block Trades Are and Why the SEC’s Investigating
Selling one share of stock can be simple: It generally goes for whatever price other shares of the same company are trading for at the moment. Selling large numbers of shares can be complicated, since the very act of selling can drive down the price -- especially if others get wind of a big stake being sold. The U.S. Securities and Exchange Commission and Justice Department are digging into how such “block trades” work, specifically into how bankers work with hedge funds to privately carry out s
washingtonpost.comWhat Block Trades Are and Why the SEC’s Investigating
Selling one share of stock can be simple: It generally goes for whatever price other shares of the same company are trading for at the moment. Selling large numbers of shares can be complicated, since the very act of selling can drive down the price -- especially if others get wind of a big stake being sold. The U.S. Securities and Exchange Commission and Justice Department are digging into how such “block trades” work, specifically into how bankers work with hedge funds to privately carry out s
washingtonpost.comIndiana Rep. Banks facing 'insurrection' ballot challenge
An Indiana congressman who was rejected by House Speaker Nancy Pelosi as the top Republican for the committee investigating last year’s U.S. Capitol insurrection is fending off an effort to remove his name from this year's election ballot. The challenge to Rep. Jim Banks’ candidacy is at least the second across the country against a Republican House member citing a portion of a post-Civil War amendment to the U.S. Constitution pertaining to insurrections against the United States. Banks, an outspoken supporter of former President Donald Trump and leader of the influential Republican Study Committee, has denounced the ballot challenge as frivolous.
news.yahoo.comAsian shares mixed after Wall St. fall, mixed market signs
People walk past a bank's electronic board showing the Hong Kong share index in Hong Kong Tuesday, March 30, 2021. Asian shares were mixed in listless trading Tuesday after U.S. stocks finished mostly lower as cause for optimism, such as the Suez Canal reopening, mixed with caution about the vaccine rollout. (AP Photo/Vincent Yu)BEIJING – Asian shares were mixed in listless trading Tuesday after U.S. stocks finished mostly lower as cause for optimism, such as the Suez Canal reopening, mixed with caution about the vaccine rollout. The Russell 2000 index of smaller company stocks fell more than the broader market, shedding 62.80 points, or 2.8%, to 2,158.68. Weighing on stocks at the same time, though, are worries about a coming rise in inflation and possibly too-ebullient prices across the market.
S&P 500 returns to a record high after best day in weeks
Stocks rose in afternoon trading on Wall Street Friday with technology companies and banks leading the way higher. The Dow Jones Industrial Average rose 453.40 points, or 1.4%, to 33,072.88, and both it and the S&P 500 set all-time highs. The higher yields helped lift stocks of banks, in part because higher interest rates allow them to make bigger profits from making loans. Steelmaker Nucor climbed 8.9% for the biggest gain in the S&P 500, and miner Freeport-McMoRan rose 5.9%. AdSince interest rates began rising last autumn, tech stocks have been most caught within the the market's crosswinds.
Wall Street closes higher after Fed says will keep rates low
Shares are opening mostly lower on Wall Street, Wednesday, March 17, 2021, as investors cautiously await the U.S. central banks latest assessment on the economy. (AP Photo/Frank Franklin II, File)TOKYO – Stocks closed higher Wednesday, reversing an early slide after the Federal Reserve reassured Wall Street that it expects to keep its key interest rate near zero through 2023. Wall Street has been anxious about the potential for higher inflation to drive up bond yields further and has been looking for signs that the central bank shares its concerns. After Powell spoke stocks gradually pivoted higher and bond yields fell. AdAt least some Fed officials appear to be closer to tightening up the central bank’s ultra-low-rate policies.
Asian stocks follow Wall Street higher after Fed pledge
Major indexes are off to a mixed start on Wall Street as gains for banks and industrial companies are offset by losses in Big Tech stocks like Apple and Amazon. (AP Photo/Mark Lennihan)BANGKOK – Asian stock markets followed Wall Street higher Thursday after the Federal Reserve chairman said the U.S. central bank is in no hurry to withdraw support for the economy. Overnight, Wall Street hit a new high after chairman Jerome Powell said the Fed sees no sign inflation might rise out of control. Global stock prices have soared over the past six months on hopes for a coronavirus vaccine and central bank promises of abundant credit to support struggling economies. The central bank earlier indicated it would let the economy “run hot” to make sure a recovery is well-established following the deepest slump since the 1930s.
Virus-muffled Mardi Gras hits New Orleans' party-loving soul
People walk past parts of Mardi Gras floats past and present, at Mardi Gras World, where Kern Studios creates and stores some of their floats, in New Orleans, Friday, Feb. 12, 2021. New Orleans' annual pre-Lenten Mardi Gras celebration is muted this year because of the coronavirus pandemic. Mardi Gras joy is muted this year in New Orleans as authorities seek to stifle the coronavirus's spread. Mardi Gras joy is muted this year in New Orleans as authorities seek to stifle the coronavirus's spread. None of it is worth putting people's lives in danger.”AdNew Orleans' Mardi Gras has had hard times before.
S&P 500 closes wobbly week at new record high
The S&P 500 rose 0.5% after spending most of the day wavering between small gains and losses. The S&P 500 rose 18.45 points to 3,934.83, while the Dow gained 27.70 points, or 0.1% to 31,458.40. Despite a week of mostly minor gains and losses for the broader market, the S&P 500 notched its second straight weekly gain. Roughly 75% of companies in the S&P 500 have released results, showing overall growth of 2.8%, according to FactSet. Genetic analytics company Illumina jumped 11.9% for the biggest gains in the S&P 500 following its encouraging earnings report.
Alabama's Jones, Smith, Harris lead 6 Tide AP All-Americans
Lawrence, the likely first pick in the next NFL draft, made AP All-America for the first time in his career. ___The 2020 AP All-America team:FIRST TEAMOffenseQuarterback — Mac Jones, junior, Alabama. Running backs — Najee Harris, senior, Alabama; Breece Hall, sophomore, Iowa State. Guards — Ben Cleveland, senior, Georgia; Tommy Kraemer, senior, Notre Dame. Safeties — Kyle Hamilton, sophomore, Notre Dame; Tykee Smith, sophomore, West Virginia.
Fields, No. 5 Ohio St run away from Huskers in opener, 52-17
5 Ohio State shook off the rust in the first half and then buried Nebraska the rest of the way. Then came Fields' nifty touchdown run and a 55-yard scoop and score by Buckeyes cornerback Sevyn Banks, and Ohio State had it under control. “That's one heck of a run right there," Ohio State coach Ryan Day said. It is believed to be the smallest crowd to watch an Ohio State game since sometime before 1910. Ohio State: Faces No.
Asian shares rise after Wall Street gains on solid earnings
Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. (AP Photo/Koji Sasahara)TOKYO – Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies. Asian shares have tracked the moves on Wall Street lately, as much of the region's export-dependent economies depend on robust trade, slammed by the coronavirus pandemic. Technology, communication and financial stocks powered most of the gains on Wall Street. Insurer the Travelers Cos. gained 5.6% after its latest earnings topped Wall Street's estimates, thanks partly to lower-than-expected losses on claims.
Lions WR Golladay makes 2020 debut; Bucs' Godwin also active
Jeudy is active for the Bucs game as Denver quarterback Jeff Driskel makes his first start while Drew Lock recovers from a shoulder injury. Cardinals: QB Brett Hundley, WR Christian Kirk, RB Eno Benjamin, OL Mason Cole, OL Josh Miles, DL Leki Fotu. ___CHICAGO AT ATLANTABears: CB Duke Shelley, OG Arlington Hambright, NT Daniel McCullers, WR RIley Ridley, OLB Trevis GipsonFalcons: WR Julio Jones, CB A.J. Browns: WR Donovan Peoples-Jones, CB Greedy Williams, LB Jacob Phillips, Olivier Vernon, Evan Brown and WR Rashard Higgins. Brown, CB Chris Jackson OLB Derick Roberson, C Aaron Brewer, TE Geoff Swaim, DT Matt DickersonVikings: WR Tajaé Sharpe, WR K.J.
Barrymore sets high standard in her models as talk show host
NEW YORK – Drew Barrymore is setting a high standard for herself as she joins the world of daytime talk show hosts on Monday. “We’re all human beings on this planet going through our lives and our journeys and there’s a way to connect through that,” Barrymore said. I’ve never lived in that space.”“The Drew Barrymore Show,” retrofitted for the coronavirus era, is being distributed by CBS Television. Bill Carroll, a veteran television consultant and expert in the syndication market, said he’s impressed that Barrymore is shooting high. Yes, some may regard Barrymore as slightly loopy and hippie-dippie (“we’re all human beings on this planet”), but it’s more endearing than annoying.
A Long-Overdue 'Tip of the Cap' to baseball's Black pioneers
Not long after, with many of its best players gradually following Robinsons path, the Negro Leagues ceased operations. President Clinton said he chose a Chicago Cubs cap in honor of Ernie Banks, the late Hall of Famer who got his start in the Negro Leagues. Long before that, the Negro Leagues made baseball better and America better.The celebration was moved online after a major league-wide tribute to baseballs Black pioneers scheduled for June 27 was shelved along with the games because of the coronavirus pandemic. So then I thought, How about a virtual tip of the cap?''' I always felt if there was going to be conversations about race in sports, the Negro Leagues should be at the center, because thats the story: They triumphed over adversity.
Retailers look to boost sales, German car sales weak
The company had reopened 367 stores as of May 30, with approximately 30 additional stores reopening the week of May 31. Total comparable store sales declined 27.6%, but online sales soared nearly 300%. Kirkland's currently has 357 of its 404 stores open to customers. One bright spot was online sales, which rose 32.3% in the quarter. In the last month of the quarter, online sales jumped 97%.
Tropical Storm Arthur spins out to sea, will drench Bermuda
Tropical Storm Arthur moved further out to sea Tuesday and was expected to dissipate into a depression before dumping heavy rain on Bermuda later in the week. The first named storm of the Atlantic hurricane season sent rain over North Carolina Monday and forecasters warned to expect dangerous surf and rip currents for another day along parts of the U.S. East Coast. The storm had top sustained winds of 60 mph (95 kmh) Tuesday morning, and was moving east-northeast at 15 mph (24 kmh) on a path that would carry its center over the island of Bermuda on Thursday. Arthur formed Saturday in waters off Florida, marking the sixth straight year that a named storm has developed before June 1. By late Monday, storm watches and warnings in effect for parts of the North Carolina coast were canceled.
Business, government operate under new rules, market rallies
Following are developments Monday related to national and global response, the work place and the spread of the virus. The iPhone maker reopened five U.S. stores last week in Idaho, Alabama, South Carolina and Alaska. Ireland is taking its first steps out of lockdown, with some stores reopening and outdoor work resuming. In Kazakhstans capital, some mosques, markets cafes and restaurants reopened Monday. In Azerbaijan, cafes and restaurants reopened in the capital, Baku, and four others cities.
Hurry up and wait? Why relief to small businesses has lagged
NEW YORK – Speed is of the essence if a federal relief program for small businesses is going to be effective in combating the damage wrought by the coronavirus lockdowns. The problems range from the technical to the bureaucratic, although the Small Business Administration says it has corrected those on its end. Here are some questions and answers about the snags the program faces, and what options owners have:WHAT ARE SMALL BUSINESSES SAYING? Small business owners essentially say they’re in limbo. The banks are taking criticism from all sides: small business owners, the government and members of Congress.
Small business relief program launches, hits snags
Many small business owners ran into bureaucratic or technological road blocks. A major trade group for small businesses complained that too many of its members were “shut out” from getting loans. Bank of America alone said 75,000 small businesses had applied for $7 billion of loans. Bank of America, for example, said the loans were available to customers who had business deposit accounts and business loans with the bank. “Small business owners have had their applications filled out.
Regulator says trade war hurting banks in US farm states
(CNN) - Banks in America's heartland have found themselves in the crossfire of President Donald Trump's trade war with China. The tit-for-tat tariffs with China "certainly" have negative consequences for banks in farm states, FDIC Chairman Jelena McWilliams said in an interview on Wednesday. The escalation suggests the trade war, and the impact on American farmers, is not going away any time soon. As the trade war lingers, farmers continue to suffer. FDIC chief: Banks are doing 'exceptionally well'The trade war is a dark patch in an otherwise bright landscape for America's banks, which continue to recover from the last decade's Great Recession.