Mar 28,2021

More than 10,000 pieces of new news a day. News update non-stop 24/7.  Is paying off your mortgage early always the best financial decision?.  Atlantia to get sweetener in CDP-led consortium's bid for Autostrade stake: sources.  Secret-Strategy Funds Struggle to Win Fans in Their First Year.  Seniors Don’t Expect to Live With Their Kids if They Need Help. The Kids Aren’t So Sure..  Suez Canal: Syria rations fuel as efforts to free ship continue.  9 First Stocks a New Investor Should Buy.  Large block trades that caused selling raises questions about cause.  What a gambling app knows about you.  Gary Miller, businessman and Denver Post columnist, dies at 78.  Free virtual tutoring now available to Colorado students from the founder of Khan Academy.  More than 10,000 pieces of new news a day. News update non-stop 24/7.  Metro district battle in Granby pits property owners against developers.  Insurers are dropping homeowners left and right. Many will be forced to accept less coverage.  New York lawmakers agree to legalize recreational marijuana.  Oklahoma City's hospitality market looking at slow recovery from COVID-19.  GMC Yukon SUV really shines.  You can get a COVID vaccine at a cheesemaker in Wisconsin. No, really..  Airbnb and Vrbo are overloaded with reservations.  UK ministers reject Sanjeev Gupta's bailout plea: FT.  Emotions, Money, And What It Means To Be 'Financially Whole'.  Week in Review: Basketball Stars. Burger Heiresses, and Beleaguered Buyers.  
All News Headline Trivia Politics Finance Sports Entertainment Life Opinion Covid-19 Donald Trump Joe Biden Election Poll Black Lives Matter Progressive Conservative Magazine
Is paying off your mortgage early always the best financial decision?
       
The sooner you eliminate mortgage payments from your monthly budget, the easier it is to fully achieve other financial goals. And with today's low mortgage rates, millions of homeowners have already made the financial decision to refinance their mortgage to lower their monthly payments or speed up their mortgage payoff. The benefits of having lower monthly mortgage payments can help bring some peace of mind to homeowners with variable income or other high monthly bills. Credible can help you compare mortgage lenders and discover the best refinance rates available today so you can lower your monthly payments and meet your financial goals. As today’s mortgage rates are near historical lows, making extra mortgage payments doesn’t have the same appeal when mortgage rates are similar to expected investment returns.
Atlantia to get sweetener in CDP-led consortium's bid for Autostrade stake: sources
       
Slideshow ( 2 images )CDP, together with co-investors Macquarie and Blackstone, have been negotiating with Atlantia on Autostrade since last year to try to end a dispute triggered by the 2018 collapse of a bridge ran by Autostrade per l’Italia. The CDP is expected to decide on the revised offer for 88% of Autostrade at a board meeting late on Sunday. The new bid, yet to be finalised as talks continued, still values all of Autostrade at 9.1 billion euros ($10.73 billion) but makes some concessions, the sources familiar with the matter said. Both Edizione and another key investor, banking foundation CRT, said earlier this week the CDP-led bid appeared to be the best option for the sale of Autostrade. Atlantia’s board is expected to discuss the new offer at a meeting on Wednesday or Thursday, one source said.
Secret-Strategy Funds Struggle to Win Fans in Their First Year
       
They merge the access and tax advantages of ETFs with the magic of active management, letting stock pickers deploy their investment playbooks without fear of front-running or copycats. Others thought the pandemic would compel investors to seek out active management for help navigating the rapidly changing market. “I think these will start to gather some real traction and raise some assets.”Price TagsOne issue that active nontransparent funds face are hefty expense ratios, especially since the industry overall is reducing costs. Although the average cost for an active equity ETF is 0.72%, some active funds, such as several from Avantis Investors, charge less than 0.30%. Another boost could come from mutual funds converting to a nontransparent ETF wrapper, though none have sought this yet.
Seniors Don’t Expect to Live With Their Kids if They Need Help. The Kids Aren’t So Sure.
       
Only 10% of seniors expect to move into their children’s homes if they need assistance in old age, but 31% of adult children expect their parents to move in if they eventually need help, according to a new survey, indicating that many seniors and their kids need to have a discussion about the future. An additional 22% expect to move into a senior-living facility, while only 10% expect to move in with their kids. Only 7% of seniors expect to need financial help from their children, while 69% don’t expect to need help and 24% are unsure. That confidence likely is one of the reasons 72% of seniors want their adult children to be only somewhat involved or not involved in deciding their future housing situation. Conversely, among adult children, 57% want to be either very involved or involved in those decisions.
Suez Canal: Syria rations fuel as efforts to free ship continue
       
Satellite shows the stuck container ship 'Ever Given' on the Suez Canal, in Egypt, on March 27, 2021. The Suez Canal Authority (SCA) chief, Osama Rabie, said on Saturday, that water had begun to run underneath the vessel. READ MORE: What Suez Canal blockage could mean for global tradeOn Friday, seven tankers carrying liquefied natural gas (LNG) were diverted. The Suez Canal is an artificial sea-level waterway in Egypt connecting the Mediterranean Sea to the Red Sea. Built in 1869, the Suez Canal is used by around 50 vessels per day, according to Panjiva, the supply chain research unit of S&P Global Market Intelligence.
9 First Stocks a New Investor Should Buy
       
InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, what are some great stocks to buy for your first portfolio? Lockheed Martin (LMT)Stocks to Buy: LMT stockSource: Ken Wolter / Shutterstock.comDividend stocks are great opportunities for new investors. Stocks to Buy: 3M (MMM)MMM stockSource: JPstock / Shutterstock.comWhen it comes to high-quality stocks to buy, 3M checks off many of the boxes. Add in its other attributes (namely its status as a defense stock), and this remains one of the best stocks to buy if you’re a new investor. More From InvestorPlaceThe post 9 First Stocks a New Investor Should Buy appeared first on InvestorPlace.
Large block trades that caused selling raises questions about cause
       
InvestorPlaceThe electric vehicle industry is at an inflection point, which means the same holds true for the EV charging industry. It’s therefore not surprising that EV charging stocks have been in limelight and are commanding premium valuations. Let’s discuss four electric vehicle charging stocks that are worth considering as the industry growth can last beyond a decade. Since charging becomes effectively free, these electric vehicle charging stations have garnered attention. TPG Pace Beneficial (TPGY) Source: Shutterstock TGPY is another SPAC that has entered into a business combination agreement with an EV charging company.
What a gambling app knows about you
       
Now he is on a hunt to know whether his favorite gambling app, Sky Bet, knew about his problems and still tried to hook him. He wanted to know if Sky Bet had profiled and targeted him even as he tried to quit gambling. As gambling apps explode in popularity around the world, the documents show how far one of the gambling industry’s most popular apps has adopted some of the internet’s most invasive tracking and profiling techniques. Gambling apps like Sky Bet make it as easy to wager as to order an Uber. But he said gambling companies were in a delicate position because their best customers might also have gambling problems.
Gary Miller, businessman and Denver Post columnist, dies at 78
       
He also wrote a monthly column for The Denver Post that walked business owners through the intricacies of these kinds of transactions. Gary ran a business, Vail Capital Partners, that purchased property and built houses. The recession that hit in 2008 changed everything in the housing market, so that led the Millers to the Denver area and to Gary starting GEM Strategy. Eventually, he ended up sharing the knowledge he acquired during his decades as a businessman on the pages of The Post. “He was proud to write for The Denver Post,” Eileen said.
Free virtual tutoring now available to Colorado students from the founder of Khan Academy
       
As Colorado educators and parents work to address the impact of lost learning time due to the COVID-19 pandemic, one company is offering the state’s students free virtual tutoring in subject areas of their choice. Schoolhouse.world, a nonprofit started by the founder of the online Khan Academy, recently partnered with the Colorado Education Initiative to launch free tutoring services in the state. Tutoring is limited to students age 13 and up, but the company hopes to expand to additional grades levels and subject areas soon, according to a release. Sal Khan, founder of Khan Academy, said that while his first platform is optimal for asynchronous learning, he wanted to develop one that focused on bringing human connection to the digital learning experience. Interested students can sign up at Schoolhouse.world and fill out a survey about their academic needs to gain access to sessions.
Metro district battle in Granby pits property owners against developers
       
Three property owners in the resort community that borders the former Silver Creek ski area in Granby are stuck in a legal battle over control of a metro district that puts the area’s future development into question. At issue is whether real estate developers who control metro district boards of directors can ignore property owners who want to serve on those boards and, instead, appoint their own allies. “The property has potential but requires substantial investment to move the project in the right direction,” said Matthew Rork, attorney for developer Granby Prentice Granby Holdings (GPGH). Upstep the three Granby Ranch metro district landowners – Lee Sprigg, John Gillogley, and Colleen Hannon. “That it can be so blatantly done, to disenfranchise property owners of their rights to any input.
Insurers are dropping homeowners left and right. Many will be forced to accept less coverage
       
It’s not clear how many policies are being non-renewed statewide, but the troubling trend is reflected in the rapid increase of customers fleeing to state-owned Citizens over the past year. Since April 2020, the company’s policy count has increased from 445,000 to 563,000 and is now growing by 4,000 policies a week. Citizens officials expect to have more than 700,000 by the end of the year, prompting a push by legislators and Citizens’ new chairman to make the company less attractive by raising premiums and cutting agents’ commissions.
New York lawmakers agree to legalize recreational marijuana
       
Lawmakers reached an agreement late Saturday to legalize recreational marijuana sales in New York. The legislation would allow recreational marijuana sales to adults over the age of 21, and set up a licensing process for the delivery of cannabis products to customers. Adam Goers, a vice president of Columbia Care, a New York medical marijuana provider that’s interested in getting into the recreational market, said New York’s proposed system would "ensure newcomers have a crack at the marketplace" alongside the state’s existing medical marijuana providers. New York would set a 9% sales tax on cannabis, plus an additional 4% tax split between the county and local government. Past efforts to legalize recreational use have been hurt by a lack of support from suburban Democrats, disagreements over how to distribute marijuana sales tax revenue and questions over how to address drivers suspected of driving high.
Oklahoma City's hospitality market looking at slow recovery from COVID-19
       
A fragile travel and hospitality industry is hanging on to life and looking at a slow recovery just as Oklahoma City is opening up new attractions aimed at luring tourists and more business travelers. “March is always busiest month of the year for the hotel business,” Penner said. Oklahoma City flight cancellationsNow they’re waiting to see when business and tourist travel might resume. Both routes were hard-fought wins for Oklahoma City prior to the pandemic. Air travel in Oklahoma City broke records in both 2018 and 2019.
GMC Yukon SUV really shines
       
For GMC, its mid-scale models have a limited lineup but the ones it does have really shine. Our tester this week, a GMC Yukon AT4. This smaller-sized Suburban is a great option for consumers in the mid-large American SUV category. In the powertrain department, we have the familiar 5.3-liter Ecotec3 V8 engine, which might as well be Chevrolet’s go to in the economy V8 department. GMC YukonMSRP: $64,800As tested: $74,960MPG: 16 city, 20 highway, 17.2 as tested
You can get a COVID vaccine at a cheesemaker in Wisconsin. No, really.
       
MILWAUKEE — The list of registered COVID-19 vaccine providers in Wisconsin features hundreds of hospitals, pharmacies, doctors and health centers — and some cheesemakers. 'Drillers and fillers' fight pandemic:Would you get a COVID-19 vaccine from your dentist? 'We're all in this together'Early Saturday morning, people began gathering outside an Organic Valley office building in Cashton, a tiny village in Monroe County. With COVID-19 safety signs reminding everyone to stay at least one cow apart, the crowd included a mixture of retirees, farmers, Organic Valley employees and others. Deciding to also offer COVID-19 vaccine shots at the clinics was a no-brainer.
Airbnb and Vrbo are overloaded with reservations
       
And that's good news for companies like Airbnb and its home sharing rival Vrbo, which is owned by online travel giantShares of Airbnb are up more than 20% this year following 2020's successful initial public offering , while Expedia has soared more than 30%. Consumers clearly want to start taking trips again, especially as more adults are vaccinated. "We've had a phenomenal recovery," said Vrbo president Jeff Hurst in an interview with CNN Business. The jobs recovery may be gaining speedThe US jobs report is the big event on the calendar next week. Capital Economics predicts that 700,000 jobs were added to the economy in March, which would be the best month since September.
UK ministers reject Sanjeev Gupta's bailout plea: FT
       
FILE PHOTO: Liberty Steel's Sanjeev Gupta smiles outside their newly acquired Liberty Steel processing mill in Dalzell, Scotland, Britain April 8, 2016. REUTERS/Russell Cheyne(Reuters) - British ministers have rejected a request from mining magnate Sanjeev Gupta for a 170 million pound emergency loan to prevent his group, GFG Alliance, from collapsing, the Financial Times reported on Sunday. GFG, a holding company for Gupta’s assets, was the biggest recipient of financing from Greensill, a British financing company, which filed for insolvency last week. The British government wrote back to Gupta formally rejecting the request last week due to multiple concerns, the FT reported, citing people familiar with the situation. The conglomerate had been in talks with administrators of its former financial backer Greensill on a so-called standstill agreement.
Emotions, Money, And What It Means To Be 'Financially Whole'
       
Emotions, Money, And What It Means To Be 'Financially Whole'Enlarge this image Photo Illustration by Becky Harlan/NPR Photo Illustration by Becky Harlan/NPRIt doesn't take an expert to know that money is so much more than dollars and cents. Hopes and fears, guilt and shame — they can all play a significant role in your financial life. Her book is a super practical guide to getting your financial house in order to achieve what Aliche calls financial wholeness. And so now I learned that I'm not saying no to brunch, I'm saying yes to Morocco. I'm not saying no to brunch, I'm saying yes to India.
Week in Review: Basketball Stars. Burger Heiresses, and Beleaguered Buyers
       
Week in Review: Basketball Stars. Burger Heiresses, and Beleaguered Buyers Shaq remodels and relists, why luxury buyers might have to compromise in hot markets, and the mansion that burgers built
U.S. Corporations Face Reckoning Over Prescription Opioids, CEOs Keep Cashing In
       
Corporations Face Reckoning Over Prescription Opioids, CEOs Keep Cashing InEnlarge this image toggle caption Bloomberg/Getty Images Bloomberg/Getty ImagesImagine you're part of a project that goes horribly wrong at work, causing a scandal, costing your company a ton of money, maybe even putting people at risk. Critics say that's happening right now with CEOs at big drug and healthcare companies tangled up in the opioid crisis. More than 450,000 Americans have died from opioid overdoses since drug companies began making, distributing and selling large quantities of prescription painkillers. Now many firms face a tsunami of opioid lawsuits, have filed for bankruptcy, or find themselves on the hook for billions of dollars in settlements. In 2019, Landau led Purdue into bankruptcy and then last year his company admitted committing federal crimes linked to opioid sales.
7 Marijuana Stocks Waiting for Biden to Make a Move
       
InvestorPlaceFor those beginning to invest, it may be hard to figure out which stocks to buy. InvestorPlace - Stock Market News, Stock Advice & Trading Tips 7 Risky Stocks Ready to Roll on Reopening So, what are some great stocks to buy for your first portfolio? Lockheed Martin (LMT) Source: Ken Wolter / Shutterstock.com Dividend stocks are great opportunities for new investors. 7 Risky Stocks Ready to Roll on Reopening So, why is this a great stock for new investors? Stocks to Buy: 3M (MMM) Source: JPstock / Shutterstock.com When it comes to high-quality stocks to buy, 3M checks off many of the boxes.
Les Wexner Trusts Sold Large Blocks of L Brands Stock
       
Trusts controlled by longtime L Brands leader Les Wexner and his wife, Abigail, have sold large blocks of the retailer’s stock. On March 22, Les Wexner gave 2 million L Brands (ticker: LB) shares from his personal account to a trust he and his wife control. The same day, the trust sold all 2 million shares, while two other trusts controlled by the Wexners sold another 1,050,000 shares. He is also the indirect owner of another 10.8 million L Brands shares that Abigail Wexler owns in her personal account. L Brands stock soared in 2020, more than doubling as earnings trounced estimates, while the S&P 500 gained 16.3%.
Horse racing newsletter: Known Agenda wins Florida Derby
       
Mutuel Pool $218,811 Daily Double Pool $17,457 Exacta Pool $113,941 Superfecta Pool $42,125 Super High Five Pool $3,646 Trifecta Pool $72,338. Mutuel Pool $258,562 Daily Double Pool $22,921 Exacta Pool $137,095 Superfecta Pool $64,320 Super High Five Pool $2,649 Trifecta Pool $92,484. Mutuel Pool $198,535 Daily Double Pool $21,277 Exacta Pool $120,631 Superfecta Pool $55,420 Super High Five Pool $4,989 Trifecta Pool $86,703. Mutuel Pool $349,634 Daily Double Pool $27,467 Exacta Pool $171,856 Superfecta Pool $84,010 Super High Five Pool $6,199 Trifecta Pool $125,867. Mutuel Pool $346,615 Daily Double Pool $155,183 Exacta Pool $144,516 Superfecta Pool $76,531 Trifecta Pool $110,587.
Truck drivers entering UK likely to need COVID test, source says
       
LONDON (Reuters) -Truck drivers entering Britain from continental Europe are likely to need to take a COVID-19 test under plans being discussed by the government to contain coronavirus variants, an industry source said on Friday. Prime Minister Boris Johnson suggested earlier this week that Britain might need to tighten restrictions on arrivals from France, including truck drivers, to defend against new variants that are spreading as part of Europe's third wave of the pandemic. Drivers would be tested at sites around Britain. Britain has banned foreign travel until at least May 17, although essential workers such as truck drivers have been allowed to cross borders to supply the country's food stores and manufacturing plants. The government currently encourages international drivers in the country for more than 48 hours to take a free test.
Throw a lifeline for your neighbors
       
“A lifeline for households pushed to the edge” (Page A1, March 21) is a very good account of the dizzying amount of the hopeful help people will get from the American Rescue Plan. But we know that a significant number of us getting $1,400 stimulus checks don’t really need them if we’ve been getting a decent salary throughout the coronavirus pandemic. There are many local community-led relief efforts for COVID-19 across Massachusetts. All have special programs during the pandemic to donate to local mutual-aid relief groups in each area. A few funds to consider are the Massachusetts Undoc Fund to aid undocumented immigrants, Mass Redistribution Fund, food banks, and the 11 community foundations across the state.
A touchless airport experience is at the fingertips of the battered airline industry
       
American Airlines customer assistance representative Rhonda Jameson assists a passenger using a kiosk to check in at DFW International Airport. American Airlines spent much of the past year installing new kiosks and refining menus to move customers through faster, Peterson said. Travis Evenson, an American Airlines customer experience senior project manager, demonstrates how airline passengers use a new mobile ID bag drop, a touchless technology at DFW International Airport. That eliminates the need to ever give a driver’s license or passport to an American Airlines employee. The touchless bag drop and lounge access technology is optional for American customers.
See what could be coming on Las Olas
       
Plans are still in flux, but here are the recommendations of the Corradino Group, a consultant hired by Fort Lauderdale to help come up with a plan.
FREEMAN'S SOUTH
       
Wonder What It’s Worth? Get in touch with Freeman’s Regional Representative in the Richmond Area Colin Clarke, 434.409.4549 southeast@freemansauction.com 5401 Patterson Avenue Richmond VA freemansauction.com
How a Federal Agency Excluded Thousands of Viable Businesses From Pandemic Relief
       
The Small Business Administration refuses to give pandemic relief loans to people who have filed for bankruptcy, even if their businesses can survive. In Hidalgo County, Texas, for example, an emergency medical transportation company in bankruptcy sued after it was denied a PPP loan. Meanwhile, the SBA hastily published a rule explicitly barring companies in bankruptcy from participating in its pandemic relief program. “I’m not a wealthy person at all, but I have many millionaire friends who own businesses, insurance firms, architecture firms,” Shriner said. “These millionaires got money and money and money and money from the government, and they’re all driving on the golf course.
DoorDash pushes back against fee delivery commissions with new charges
       
In the most comprehensive look at commission delivery caps, NBC News has found 68 localities that have passed such caps. NBC News found that DoorDash added supplemental local fees in 57 of the 68 locations that have fee caps, far more than have previously been reported. By 2019, DoorDash had become the country’s leading food delivery company, overtaking its rivals, including Grubhub and Uber Eats. Lobbying effortsAs the rush to implement caps appears not to have slowed, all three major food delivery companies have stepped up their lobbying efforts. Amy Healy, Grubhub's head of public affairs, said the commission caps were "exactly the wrong thing to do."
Tugs, dredgers continuing efforts to free ship stranded in Suez Canal: Authority
       
Slideshow ( 5 images )CAIRO (Reuters) - The Suez Canal Authority (SCA) said on Sunday that tugging and dredging operations to free a grounded container ship blocking the waterway would continue around the clock, according to wind conditions and tides. Dredgers working to dislodge the stranded ship have so far shifted 27,000 cubic metres of sand around the ship to reach a depth of 18 metres, the authority said in a statement. The 400-metre (430-yard) long Ever Given became jammed diagonally across a southern section of the canal more than five days ago, halting shipping traffic on one of the world’s busiest waterways. As of Saturday, 321 boats were waiting to transit the canal, including dozens of container ships, bulk carriers and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels. Shipping rates for oil product tankers nearly doubled after the ship became stranded, and the blockage has disrupted global supply chains, threatening costly delays for companies already dealing with COVID-19 restrictions.
Nominations open for Chicago Tribune’s 2021 Top Workplaces
       
A year ago, workplaces were operating on the fly, responding to events over which they had no control and putting programs in place to address health, safety, equity and inclusion concerns. Are those changes sticking this year? How is the definition of workplace changing and how are organizations helping employees thrive?
Home gardeners can sprout new skills through monthly gardening program
       
The Ohio State University Extension master gardener volunteer program will offer home gardeners a chance to learn new skills for the gardening season through a monthly workshop. The program, filled with volunteers who educate interested residents in horticulture, will offer coffee and gardening expertise once a month starting April 3 through Oct. 2. Sessions will take place from 8 to 10 a.m. Saturday mornings at the Franklin County office of OSU Extension on the university's Waterman Farm, Kunz-Brundige Extension Building, 2548 Carmack Road. Several sessions will be hands-on or outdoors in the Waterman Farm garden. For more information, contact the Franklin County Office of OSU Extension at 614-866-6900.ehopkins@dispatch.com@Earl_Hopkins1
Technology has made online 'sweetheart scams' easier than ever
       
“These scammers prey on loneliness and tell you what you want and need to hear.”What’s commonly known as “sweetheart scams” are far from new. They travel a lot, maybe say they’re in the military, in construction, often something that takes them out of the country. Technology — phone apps such as the encrypted WhatsApp and Facebook Messenger — has only made the scams easier. “We have to help the world understand that the world online is not safe,” said McGuiness, a 67-year-old from Florida with a background in internet and computer technology. Read more: Westerville man sent to prison for role in $3.4 million online dating scamHow it worked: Columbus man pleads guilty to money laundering as part of online romance scamAfter her husband died in 2010, the lost and lonely widow soon met a man online.
Letters: Influence of money in politics, gun reforms and Columbus' climate plan
       
We want Ohio to support this initiative and to ratify this amendment when it is passed by Congress. Can Smart Columbus, the lead agency for this goal, come up with more solutions for public and private charging infrastructure? Columbus should consider how increasing plan goals in key areas can also support the regional economy. Mark Levy, ColumbusMisleading headline about Boy Scouts showed biasThe March 3 article, "Scouts' plan to exit bankruptcy deemed ‘woefully' inadequate," referred only to the Boy Scouts of America and not the Girl Scouts of the USA. John Stark, SunburyColumbus continues to shower developers with tax breaksAgain Columbus politicians award developers with unfair tax breaks (Wednesday article, "City gives tax break to data center").
From the editor: We're grateful for the work of longtime reporter, sports editor
       
Brian White, formerly sports editor at the South Florida Sun-Sentinel in Fort Lauderdale and other newspapers, will become the Dispatch sports editor this week. White, an Ohio native and Ohio State University graduate, recently had worked with NBCSports.com as sports editor and then MSN.com as managing editor for sports. He was hired onto the sports staff full time in 1984, then promoted to high school sports reporter in 1988. He became assistant sports editor in 1995 and was named sports editor in March 2003. When you asked us questions, Ludlow and others on the news staff acted on your behalf to get answers from the governor or health officials.
Britain's stately homes struggle to survive with Covid restrictions
       
He compared stately homes to businesses in the hospitality industry and said "we are all suffering unnecessarily". Historic Houses, which represents 1,500 privately owned homes around Britain, wants the government to ensure it is keeping to scientific advice and not unnecessarily burdening struggling stately homes. He said stately homes were looking at a "stored up crisis" with rot and damp that had permeated many houses. The cost has been harsh, not just for the homes but for the 34,400 employed by houses with ticketed visitors or for weddings and conferences. Courtenay said Powderham would be reopening its gardens "as soon as we can", explaining that very few stately homes run a surplus.
Warren presses Yellen to ramp up BlackRock oversight
       
Sen. Elizabeth Warren Elizabeth WarrenAmazon tangles with Warren on Twitter Founders would roll their eyes at Warren's filibuster claim Sanders, Warren and AOC can lift Dems in 2022 midterms MORE (D-Mass.) During a Senate Banking Committee hearing, Warren urged Yellen — the former chair of the Federal Reserve — to put the massive asset manager under strict supervision before the next time financial markets buckle. ADVERTISEMENT“Does, potentially, a $9 trillion investment company pose some risk to the American economy if it should fail?” Warren asked Yellen, arguing in favor of BlackRock’s systemic importance. “Designation is what is what gives the Fed its increased oversight power,” Warren said. Progressives have largely been pleased with Biden’s picks for key financial posts, including several that were aides to Warren.
Oakland To Provide $500 A Month In Guaranteed Income To 600 BIPOC Families
       
Oakland Resilient Families, the name of the program, will provide $500 a month for at least 18 months to the families who can spend the money on anything they want to. “We believe that guaranteed income is the most transformative policy that can achieve this vision and whose time has come,” said Oakland Mayor Libby Schaaf. But Sonoma State University Economics Professor Dr. Robert Eyler thinks we are still far from a national guaranteed income. None of the money for Oakland Resilient Families will come from taxpayers. Jesus Gerena, CEO of the Oakland-based Family Independence Initiative, which is a partner with the city on the project, said $6.75 million has been raised for Oakland Resilient Families.
Spate of trampoline accidents in Japan spark call for safety measures
       
Trampolines are seen at a facility in Osaka Prefecture on March 18, 2021. (Mainichi/Koichi Kirino)OSAKA -- Serious injuries from trampoline accidents in Japan have sparked calls for the national government to create safety guidelines. The national government should instruct facility operators to take thorough safety measures." A bulletin board displays recent injury records at a leisure facility in Osaka Prefecture on March 18, 2021. Masato Ishida, a public relations commission member at the Japan Gymnastics Association, said: "Serious accidents can be reduced if people can land safely.
Oatmeal yes, eggs no: Gaps emerge in U.S. anti-hunger push for children
       
Trips to the grocery store became an exercise in triage: yes to oatmeal, no to fresh fruit and eggs. “I definitely had a lot of depression last year.”McCann, 39, found out about the Pandemic Electronic Benefit Transfer program in October, after it had expired. Slideshow ( 4 images )Much federal aid is filtered through state governments, and caseloads have varied considerably from state to state. Likewise, participation in Temporary Assistance for Needy Families program rose by 74% in Indiana between February and September and dropped by 37% in Mississippi. The state mailed those cards to schools for families to pick up, but 60,000 of them were sent back unclaimed.
3 Maximizers to Help You Make the Most of Your Wealth in Retirement
       
Accumulating money for retirement is one thing; getting the most out of that money is another. You want to be sure you can maximize the wealth you have amassed so that your dreams of retirement — whatever they might be — are realized. Let’s take a look at three retirement maximizers that can help you do that: Make a plan Retirement represents a substantial life-transition event. You can explore financial tools designed to help mitigate risk, such as principal protection, income protection or both. That person should be able to assist you in putting these wealth maximizers into action, helping you achieve a more confident and carefree retirement just like you dreamed about.
Supporting the Covid-19 vaccine rollout with extra-strength glass
       
Corning produces Valor Glass vials, a primary mode of delivery for vaccines as part of the U.S. government’s Operation Warp Speed. — but his participation in the MIT Leaders for Global Operations (LGO) program positioned him well. Kurz says that Corning was the perfect place to bring his operations skills, with its 170-year history in glass production. Valor Glass offers multiple improvements over conventional borosilicate vials by chemically strengthening the glass with molten salt. For Kurz, his pride in glass manufacturing is clear.
Myanmar junta leader condemns 'violent acts' on Army Day
       
Bloomberg(Bloomberg) -- For years China has sought to draw moral equivalence with the West over human rights, insisting that other countries have no standing to criticize its policies. While H&M hasn’t commented over the recent uproar, on Friday a statement on forced labor in Xinjiang was no longer accessible on its website. The announcement came after Lacoste didn’t respond to his requests to clarify its stance on “all global social-media platforms,” according to the agency. “And this could push China and the U.S. -- and even China and the West -- further away.”(Adds online shopping show on Xinjiang cotton in fourth paragraph. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Used 2017 Mazda Mazda6 Touring
       
*The site owner or the dealership are not responsible for any errors or omissions concerning any data presented. We strive to ensure that all data is correct and up-to-date, but errors may occasionally occur that affect the accuracy or reliability of such data. All prices plus government fees and taxes, any finance charge, any dealer document processing charge, any electronic filing charge and any emissions testing charge. The dealer or auto publishers is not responsible for any loss or damage caused by your reliance on any data contained on this website. Please contact the dealer directly to confirm that the information provided on this page is accurate.
Pandemic has driven Columbus home values way up, but some neighborhoods, cities benefit more
       
Sure, the pandemic has sent home values jumping throughout the Columbus area. A Dispatch examination of more than 60 central Ohio cities and Columbus neighborhoods found that homes in inner-city neighborhoods have risen the most during the pandemic, despite fears that the virus would push buyers to the suburbs. In the South of Main neighborhood, home values rose 32%; in Driving Park, 34%; in Milo-Grogan, 28%; and in South Linden, 43%. Despite the health of urban real estate, Downtown Columbus saw values rise 6.4%, the smallest bump in all of the Columbus region. jweiker@dispatch.com@JimWeikerCompare home values across Columbus neighborhoods
New York on the verge of legalizing recreational cannabis
       
New York on the verge of legalizing recreational cannabisAdded: 28.03.2021 7:17 | 8 views | 0 commentsThe proposed legislation would legalize cannabis for adults over the age of 21 and create equity programs for people disproportionately affected by the drug war.
Green Homes Grant scheme to insulate houses axed
       
Added: 28.03.2021 10:17 | 7 views | 0 commentsHomeowners were invited to apply for grants to insulate houses but the scheme is being suddenly ended.
Union creates hotline for disgruntled Amazon staff
       
Added: 28.03.2021 0:00 | 25 views | 0 commentsUnite urges workers to come forward to voice their complaints about hours, pay, targets and breaks.
What's your 2020 tax return status? How to track it and your refund money with the IRS
       
What's your 2020 tax return status? How to track it and your refund money with the IRSAdded: 27.03.2021 21:15 | 25 views | 0 commentsDue to the IRS quickly processing stimulus payments, your tax refund might be delayed this year. If you've already filed your 2020 tax return, here's how to track down your payment.
When will my stimulus check arrive in the mail? Track your payment to your home 2 ways
       
When will my stimulus check arrive in the mail? Track your payment to your home 2 waysAdded: 28.03.2021 2:18 | 6 views | 0 commentsSource: www.woohome.comIf you haven't received your stimulus payment by direct deposit at this point, start looking in your mailbox instead. We'll tell you what to look for. More in www.cnet.com »
New stimulus bill doesn't just send 1 check. It comes with 3. Here's every way you get money
       
New stimulus bill doesn't just send 1 check. It comes with 3. Here's every way you get moneyAdded: 27.03.2021 23:15 | 23 views | 0 commentsThe massive COVID-19 relief package has three ways you and your family could get direct payments from the government. Here's every way you benefit.
Falcon and Winter Soldier episode 2 recap: New Captain America ratchets up the tension
       
Added: 28.03.2021 7:18 | 20 views | 0 commentsSam decided to give up the shield, so now he has to deal with someone else taking up the mantle in the Disney Plus Marvel Cinematic Universe show.
When will your $3,600 child tax credit check arrive -- and how often?
       
When will your $3,600 child tax credit check arrive -- and how often? Added: 28.03.2021 6:17 | 20 views | 0 commentsIf you qualify for the 2021 child tax credit, you could receive multiple payments. Will they be monthly? When will the first check arrive? Here's what we know so far.
Stimulus checks still delayed for SSI, SSDI, veterans: What's happening now, key details to know
       
Stimulus checks still delayed for SSI, SSDI, veterans: What's happening now, key details to knowAdded: 28.03.2021 4:00 | 21 views | 0 commentsNew information about stimulus checks for Social Security recipients has emerged. So when will checks start to arrive? Here are the details revealed by the IRS, SSA and more.
Best checking accounts for April 2021
       
Added: 28.03.2021 3:35 | 20 views | 0 commentsFrom branch access to ATMs to "monthly maintenance" fees, we break down everything you need to know to pick the best checking account.
San Francisco to pay 'essential' artists $1,000 per month basic income in pilot program amid pandemic
       
San Francisco to pay 'essential' artists $1,000 per month basic income in pilot program amid pandemicAdded: 28.03.2021 6:41 | 8 views | 0 commentsSan Francisco plans to start paying 130 local artists $1,000 a month starting in May through the fall in a pilot program.
AI: Ghost workers demand to be seen and heard
       
AI: Ghost workers demand to be seen and heardAdded: 28.03.2021 0:09 | 10 views | 0 commentsWorkers who label content and help computers understand language want their own voices to be heard.
Classified US military war game set to take place as concerns about threats posed by China and Russia increase
       
Added: 28.03.2021 0:16 | 15 views | 0 commentsThe "enemies" will have fictional names, but when hundreds of US military personnel around the globe log on to their computers later this summer for a highly classified war game, it will be clear what a major focus of the scenarios will be -- how the US should respond to aggressive action and unexpected moves by China and Russia.
30-year-old self-made millionaire shares 5 quick ways to make money
       
A few years ago, Kyle Taylor was like many people in their 20s, saddled with debt and making uneducated financial decisions. To encourage himself to get out of his financial mess, he started a blog about his journey. The blog "was just my way of sharing what I was doing to pay off my student loan debt and hold myself accountable," Taylor tells CNBC. Here are a few key money tricks that helped Taylor go from broke to millionaire:1. Earn cash back from online shoppingFor purchases you make every month, start buying them online using a rewards site like eBates or Mr.
Green Homes Grant scheme to insulate houses axed
       
Household insulationA much-promoted grants scheme to help householders in England insulate their home is to be scrapped within days. The Green Homes Grant (GHG) reached just 10% of the 600,000 homes the chancellor promised would be improved. But the GHG scheme, which launched in September in a bid to tackle that, has struggled from the start. First announced last summer, the GHG scheme was extended in November for another year until the end of March 2022. 'Staggering ineptitude'Ed Matthew, from climate change think tank E3G said: "The end of the government's flagship green homes scheme is a tragedy that was avoidable.
Las Vegas nonprofits unite to help those in need amid pandemic
       
Cannon/Las Vegas Review-Journal) @KMCannonPhotoSous-chef Nila Samano prepares food for Meals on Wheels at Catholic Charities of Southern Nevada in Las Vegas Thursday, March 25, 2021. Cannon/Las Vegas Review-Journal) @KMCannonPhotoGustavo Ramirez prepares food for Meals on Wheels at Catholic Charities of Southern Nevada in Las Vegas Thursday, March 25, 2021. Cannon/Las Vegas Review-Journal) @KMCannonPhotoQuincy McGee prepares food for Meals on Wheels at Catholic Charities of Southern Nevada in Las Vegas Thursday, March 25, 2021. Cannon/Las Vegas Review-Journal) @KMCannonPhotoServer Rafael Castellanos delivers a meal through an opening in plexiglass at Catholic Charities of Southern Nevada in Las Vegas Thursday, March 25, 2021. Cannon/Las Vegas Review-Journal) @KMCannonPhotoThe overnight shelter at Catholic Charities of Southern Nevada in Las Vegas Thursday, March 25, 2021.
Woman fatally hit by vehicle in suburban Justice
       
A 64-year-old woman was fatally struck by a vehicle Friday in suburban Justice. Deborah Paris was struck by a vehicle about 6:30 p.m. at 83rd Street and 88th Avenue, according to the Cook County medical examiner's office. An autopsy conducted Saturday ruled her death an accident, the medical examiner’s office said. Paris lived in Justice, the medical examiner’s office said. Justice police were not available for comment Saturday afternoon.
How a family-owned bookstore in Palo Alto has stayed open through the pandemic
       
With the coronavirus pandemic wreaking havoc on retailers across the country, and as the store celebrates its 85th anniversary, Bell’s Books has suffered, too — but Faith Bell isn’t ready to call it quits yet. Q How did Bell’s Books get its start? The man who owned the store wanted to open a branch for Stanford students in Palo Alto but he couldn’t make it work. With us at least the books don’t rot on the shelves so it helps because these businesses have very small margins. We don’t need to become a nonprofit, we don’t need donations, we just need people to buy books.
Japan remade its supply chains after catastrophe. Here’s what it learned
       
As global supply chains buckle under COVID-19 stress, those in Japan remain sturdy, free of inflationary pressures and fitful economic activity. The automatons’ bodies are still made in Japan but robotics investment is rising in China where Fanuc makes some parts. In 2019, inventory-to-sales ratios for general and electrical machinery in the U.S. was 1.8 months to 1.4 months. But Japan’s goals are clear: protect the supply chains, at all costs. Anjani Trivedi is a Bloomberg Opinion columnist covering industrial companies in Asia.
Cheniere and Shell oil tankers change course to avoid Suez Canal as ships divert routes
       
In this article BG.SPIPSARDSA-GBLNGA dredger attempts to free stranded container ship Ever Given, one of the world's largest container ships, after it ran aground, in Suez Canal, Egypt March 26, 2021. Suez Canal Authority | ReutersCompanies are scrambling to reroute shipping vessels to avoid the logjam at the Suez Canal, including at least two U.S. ships carrying natural gas for Cheniere and Shell/BG Group, according to data provided by MarineTraffic and ClipperData. For Europe-bound ships coming from Asia, going around Africa instead of through the canal can add up to seven days to a ship's journey, he said. Both tankers changed course in the middle of the North Atlantic Ocean before diverting to go around the Cape. "The vast majority of U.S. crude exports avoid the Suez Canal, heading either to Europe or around the Cape of Good Hope to Asia instead," Smith explained.
UK variant hunters lead global race to stay ahead of COVID
       
The Cambridge University microbiologist understood that genomic sequencing would be crucial in tracking the disease, controlling outbreaks and developing vaccines. Genomic sequencing is essentially the process of mapping the unique genetic makeup of individual organisms — in this case the virus that causes COVID-19. Behind that growth is a system that links the science of genomic sequencing with the resources of Britain’s national health care system. ADVERTISEMENTThe importance of genomic sequencing became obvious late last year as the number of new infections began to spike in southeastern England. But COG-UK’S work, combined with Britain’s size and high number of cases, have made it the world leader in sequencing COVID-19.
BMW Korea to introduce new cars, service centers to improve customer satisfaction
       
BUSINESSBMW iX (BMW Korea)BMW logistics center in Pyeongtaek, Gyeonggi Province (BMW Korea)BMW Group Korea will introduce 10 new cars to local customers this year, including electric vehicles and new Mini models, and will expand its facilities here, adding new service centers, showrooms and expanding its existing logistic center to improve customer satisfaction, the automaker said Sunday.In its first launch this year, the automaker in February rolled out the second-generation BMW 4 Series, to which the brand’s new “design language” has been applied.The renewed two-door coupe has been reinterpreted to embrace a new kidney grille that stretches vertically, carrying on the heritage from legendary coupe models such as the BMW 328 and BMW 3.0 CSi that were introduced in the 1930s and 1970s, respectively, the company said.In the second quarter, BMW Korea will be launching high-performance sports models -- the new M3 Competition and new M4 Coupe Competition -- and will also add the M135i, which would be the most performance-oriented model among the new 1 Series lineup, the company said.A series of new electric vehicles, including the flagship electric vehicle BMW iX and iX3, are scheduled for release in the fourth quarter.BMW iX, which runs purely on electricity, has been implemented with the company’s newest fifth-generation eDrive technology and boasts power of up to 500 horsepower and a drive range of 600 kilometers, measured by the Worldwide Harmonized Light Vehicle Test Procedure.BMW iX3, which is a sport activity vehicle based on the BMW X3, and a compact coupe, the new 2 Series Coupe, are also planned for release in the fourth quarter this year, the automaker said.The Mini brand, well-known for its quirky designs and go-kart driving experience, will also be introducing new models this year, including the Mini 3-door hatch, Mini 5-door hatch and a face-lifted version of the Mini Convertible, all in the third quarter, the firm said.Like in 2020, limited-edition vehicl
[News Focus] Korea sees discouraged workers increase 58% in 5 years
       
NATIONALA state-funded bank carries out online job interviews amid the COVID-19 pandemic in August 2020. (Export-Import Bank of Korea)(Graphic by Kim Sun-young/The Korea Herald)SEJONG -- The number of people who have given up on looking for jobs has shown a steady increase in South Korea since the nation started compiling the data in January 2014. The all-time high was January 2021 at 775,000.The increase rate was higher among women, with the figure surging by 70.5 percent from 204,000 to 348,000 during the February 2016 to February 2021 period. This category includes the underemployed, who work fewer than 36 hours a week and want to work more, as well as seasonal workers who are out of work for part of the year.This contrasts to 1.01 million and the de facto unemployment rate of 20.8 percent for the same age group in December 2019. This means that the extended-based jobless rate for those 15-29 climbed 6 percentage points, under which the de facto unemployed increased by about 300,000 in just 14 months.In contrast, the de facto jobless rate among the working age population, aged 15-64, was 15.7 percent in February, though that figure also rose from 11.1 percent in December 2019.By Kim Yon-se ( kys@heraldcorp.com
[News Focus] Korea sees discouraged workers increase 58% in 5 years
       
SEJONG -- The number of people who have given up on looking for jobs has shown a steady increase in South Korea since the nation started compiling the data in January 2014. They are dubbed “discouraged workers.”The tally for discouraged workers counts people who did not carry out job-seeking activities during the prior four weeks or longer, though they had looked for jobs within the past 12 months. According to Statistics Korea, the number of discouraged workers was 475,000 five years ago in February 2016. The figure increased by 58.3 percent to 752,000 in February 2021, which marked the second-highest figure recorded. The increase rate was higher among women, with the figure surging by 70.5 percent from 204,000 to 348,000 during the February 2016 to February 2021 period.
Woman dead, five wounded in Vancouver library knife attack
       
Canadian police outside the Lynn Valley Library in North Vancouver. Photo: The Canadian Press via AP
Suez Canal snafu costs $10 billion a day: report
       
A massive container ship remains stuck in the Suez Canal for a sixth day on Sunday — hiking the estimated economic damage from the resulting shipping logjam to $60 billion. The crisis is causing commercial losses of about $9.6 billion a day as ships that should have been heading between Europe and Asia stay immobilized, according to economic estimates calculated by Bloomberg. Meanwhile, there is still no timeline for freeing the massive Ever Given container ship, which is about the length of the Empire State Building. The vessel went aground Tuesday after being blown aground inside the canal by heavy winds, investigators said. The US Navy is also prepared to step in and help dredge the ship from the Egyptian waterway.
If you say any of these 6 things during the job interview, don't expect to get an offer: Career expert
       
Each and every little thing you say (yes, even just one sentence) during a job interview shapes whether or not a hiring manager thinks you are a strong fit for the job. I've heard so many candidates say this in response to questions about their professional strengths or notable characteristics. Don't think that your potential boss will be flattered by this answer; they'll just find it lazy and thoughtless. Nobody is perfect, so this answer is essentially another way of saying, "I'm too weak to admit any weaknesses." "), but going into the interview with little information about the company is insulting and will lead to a poor first impression.
One dead in Vancouver-area stabbing spree
       
“Everyone wants to borrow dollars, but there’s not enough dollars in the space,” Dorman said. There is also little transparency in this part of the financial world, Dorman said. “Counterparty risk is real.”Read more: Crypto Lender’s Wall Street Ascent Is Born of Wife’s FrustrationHere’s how the trade works. It starts with the price discrepancy between the spot price for Bitcoin and the value of derivatives contracts that come due months in the future, what’s known as a basis trade. Doing so on March 15 locked in a 7.7% spread between the cash and futures price.
Enforcing the mask mandate
       
Officers focused on enforcing public health orders, including wearing masks in public, social distancing and business capacity limits. The operation resulted in seven warnings for mask violations, according to records obtained through a public records request. The department didn’t issue any citations or warnings for mask violations in January, and only one in December, based on a Journal review of police records. Last July, police reported 122 mask violations at the height of the pandemic, Champlin said. “It’s an accomplishment for the citizens of Santa Fe County, and let’s maintain it,” she said.
Lingering virus crisis to affect hiring of Japan's new graduates
       
The lingering coronavirus pandemic will affect Japanese companies’ hiring of new graduates next year, a recent Jiji Press survey has found. The latest survey covered 100 major companies, with 66 of them disclosing their hiring plans. The number of companies planning to keep hiring at the same levels as those for 2021 came to 37, unchanged from this year. “We’ll retrench hiring to improve productivity as we promote structural reforms in response to the virus crisis,” a JR East official said. In the survey, 53 of the 100 companies said that the coronavirus crisis will impact their spring 2022 recruiting activities.
Business & Financial News, U.S & International Breaking News
       
Large block trades that caused selling raises questions about causeA number of large block trades on Friday which investors said caused big drops in the stocks of a clutch of companies has raised speculation about what was behind them, with Goldman Sachs said to be a bank involved in the sales. Shares in ViacomCBS and Discovery tumbled around 27% each onFriday, while U.S.-listed shares of China based Baidu andTencent Music plunged during the week, dropping as much as 33.5%and 48.5%, respectively, from Tuesday's closing levels.
Shock-Weary Global Economy Girds for Supply Jolt From Suez Mess
       
The broader economic costs -- small thus far in relation to $18 trillion in global goods trade annually -- are compounding with each day the canal remains closed. He sees the Suez situation as another test that the global economy will battle through in the weeks ahead, but will ultimately pass. “But I wouldn’t get too excited about the daily trade impact.”Koopman said the canal blockage doesn’t mean global supply chains are at risk of disintegrating -- it’s all part of doing business in today’s interconnected global economy. According to a report from Allianz Research, each week of no traffic through the Suez Canal could dent global trade growth by 0.2 to 0.4 percentage point. “The problem is that the Suez Canal blockage is the straw that breaks global trade’s back,” Allianz said in the note.
Pain Points Sharpen for U.K. Pound as BlueBay Sees Drop to $1.30
       
“The lockdown in the U.K. remains more restrictive than elsewhere,” putting the shackles on growth. Data from the Chicago-based Commodity Futures Trading Commission in Washington show investors have started to trim bullish bets on the pound. That success has helped stoke optimism the country’s early reopening and a services-led recovery could put it ahead of its peers. The median forecast of analyst forecasts compiled by Bloomberg is for the pound to end June at $1.39, compared with $1.35 in early January. There are a lot of little bad things in the background that individually have the potential to be pretty systemic.
Ask Amy: Wife’s hoarding may bury the family
       
If she is unable or unwilling to leave, start with a “harm reduction” strategy: “We need to make sure that we don’t have any expired food, because we don’t want to get sick. Let’s go through our pantry together and get rid of expired stuff. The food bank needs contributions of unexpired food, so if we have too much of something, let’s donate it to help other people.”
Clergy abuse bankruptcy moves toward resolution
       
reached an agreement on the settlement amount, though the total is confidential by law,” Jones wrote. Many of the abuse claims date back decades and involve allegations that former archbishops failed to act on reports of abuse. Legal fees alone could devastate assets.”In fact, some clergy abuse lawsuits have been filed in recent years against individual parishes rather than the archdiocese. But Jones wrote that all entities contributing to the final settlement will receive legal protection from future lawsuits for events before the bankruptcy filing in December 2018. “Sadly much of the negotiation is confidential,” Jones wrote.
Suez canal: Syria 'rations' fuel as efforts to free stuck ship fail
       
Syrian authorities say they have begun rationing fuel as the blockage of the Suez canal stretched into a sixth day, delaying vital shipments and worsening the country’s oil shortages. Syria has been mired in civil war since 2011 and faces a severe economic crisis. Syria’s oil ministry said Saturday the trade route blockage had affected oil imports and slowed arrival of a ship carrying fuel and oil products from government ally Iran. Before Syria’s war, the country enjoyed relative energy autonomy, but in the past decade an estimated $91.5bn in revenue has been lost from hydrocarbons, Syria’s oil minister said in February. The Syrian government has blamed the economic crisis on western sanctions and on the knock-on effect of financial catastrophe in neighbouring Lebanon, which had long acted as Syria’s economic lifeline.
Inside story: the battle to build Britain's new £41bn nuclear submarines
       
Construction of the new Dreadnought class of submarines which will provide the UK’s nuclear deterrent got off to a bad start when it began in 2016. The press were transported to BAE Systems’ shipyard at Barrow-in-Furness in Cumbria to record what should have been a triumphant moment for British industry as manufacturing began on the £41bn project. The story had broken just hours before that the steel plate being sliced up in a shower of sparks had come from France. It was an embarrassing revelation as UK steelmakers were then in the middle of an existential crisis as they buckled under a flood of imports. Perhaps, then, it’s no wonder little has been heard of the Dreadnought programme since.
MPs accuse Google of 'immorally' profiting from pension scam adverts
       
A spokesperson for Google said: “We take dishonest business practices and misleading ads very seriously and consider them to be a violation of our policies. The Pension Scams Industry Group estimates that £10bn has been lost by 40,000 people to pension scams since 2015. But financial harms, such as scam pension adverts, are currently excluded from the planned legislation. Liz Field of the Personal Investment Management & Financial Advice Association, a trade body, welcomed the calls to include financial harm within the scope of the Online Harms Bill. “Savers cannot continue to be liable to lose their life savings because of what amounts to regulatory shades of grey.
China hits U.S. and Canada with sanctions in Xinjiang fallout
       
A quarrel over allegations of human-rights abuses in China continued as Beijing announced retaliatory sanctions on individuals in the U.S. and Canada and the corporate fallout spread. Hennes & Mauritz AB stores in parts of China are being closed by their landlords after the Swedish fashion retailer’s comments on Xinjiang prompted an unofficial boycott. Then on Saturday, China’s Foreign Ministry announced sanctions targeting a Canadian lawmaker and a parliamentary committee on human rights, as well as the heads of the U.S. Commission on International Religious Freedom, known as USCIRF. Earlier in the week, the commission praised coordinated sanctions on Chinese officials by the U.S., Canada and European countries over China’s treatment of its ethnic Uyghur minority in Xinjiang. China’s previous sanctions on U.S. individuals “who have seriously undermined China’s sovereignty and interests on Xinjiang-related issues” remain in place, the ministry said.
Subscribe to read
       
Become an FT subscriber to read:A cross-border view on tradeJournalists in 50+ countries explore developments in global commerce from every perspective. For Premium subscribers, we offer our dedicated ‘FT Free Trade’ newsletter every Tuesday and Thursday.
Rich Countries Can—And Should—Help the Rest of the World With Vaccines and Debt Relief
       
But for many developing countries and emerging markets, the end of the crisis is a long way off. Advanced economies, especially the U.S., have acted forcefully to reignite their economies and support vulnerable businesses and households. Lastly, developed countries could orchestrate a comprehensive response to the overwhelming debt problems many countries are facing. In the early stages of the pandemic, it was hoped that a suspension of debt servicing for developing countries and emerging markets would suffice. The policies described here would be of enormous benefit to the developing world and would come at little or no cost to developed countries.
'Way Past Time to Fire Mr. DeJoy' Says Sanders After House Dems Unveil Bill to Stop Assault on USPS
       
Postal Service. SCOOP: Democrats are swarming to block Louis DeJoy's planned USPS service cuts. Duckworth continued: "The only question facing the USPS Board of Governors right now is whether PMG DeJoy is the best individual to lead the Postal Service moving forward. We will not allow Trump's handpicked Postmaster General Louis DeJoy to slow down mail delivery, cut hours at post offices, and sabotage the Postal Service. "It is time to remove all governors and start over with a board vested with the expertise and acumen this nation needs in its Postal Service leadership."
How Public Sector Workers Are Fighting to Prevent More Job Losses
       
After the pandemic sent state and local budgets into a tailspin, public sector workers across the country were suddenly faced with furloughs, layoffs, and potentially deep concessions. More than 1.3 million state and local government workers lost their jobs in 2020... Higher education workers and public school staff saw the largest immediate losses, but public workers everywhere felt the budget squeeze and spent months waiting for the other shoe to drop. It will also provide $123 billion for public schools and $29 billion for public colleges and universities. Shock and AweThe aggressive federal aid is certainly welcome news for public workers like bus operator JorDann Crawford, a member of Transit (ATU) Local 1575.
Salesforce to face trial after software used by Backpage 'to track sex traffickers, pimps, johns on social media'
       
Salesforce should face trial after its software was allegedly used by Backpage.com to track sex traffickers, pimps, and their johns online, a judge has ruled. The judge said Salesforce was, in this case, not necessarily shielded by Section 230 of America's Communications Decency Act. His classified ads website was, simply put, a nexus of child sex trafficking in America. They claimed Salesforce's software was used to "actively obtain and monitor data and additional information related to pimps and sex traffickers that were using Backpage." Since it began supplying software to Backpage.com in 2013, Salesforce knowingly assisted and supported sex trafficking, the plaintiffs continued.
No Need to File An Amended Return: $10.2k Deduction From Unemployment Will Come Automatically
       
I chose to not file my return until I saw that show up in the little box, but many Americans who received unemployment may not have even been aware that the deduction was coming, and filed the tax returns already. If you have already files without that deduction being applied, the IRS has a request: Do NOT re-file or file an amendment this year! If you have already filed your 2020 Form 1040 or 1040-SR, you should not file an amended return at this time. Instead, sit tight, and the IRS will check your return, and if you’re owed it, they will include it automatically. So I’m helping this particular benefit become one more reminder to everyone who received unemployment that Democratic governments are better for your bottom line by a wide margin.
Minerva @ Midnight: fungible space and fungible time
       
The stuck ship does tell us something about the fragility of global trade and the flow of capital. Fungible SpaceLogistics, that concept popularized by United Parcel Service is also about the spatial problems of concrete versus abstract global networks. Fungible TimeNon-Fungible Tokens (NFT)s are more about computing time than the visual space of the object, even as the product is ephemeral to the point of nonsense and the externality of energy consumption will soon bring such activity to a halt.
'It's Given Me Faith Back in Humanity': the Lockdown Volunteers
       
Congress Switchboard: 202-224-3121"Rob Kall's book Bottom-Up: Tapping the Power of the Connection Revolution is both a welcomed manifesto and a guide for rethinking the power of human agency, understanding the connections that both make us human and legitimate human planetary relations. Moreover it is a powerful call for providing the ideas, social practices, and relations that make human connections possible, enable them to work together from the bottom up, and to transform such connections into a powerful movement in which people take control of their lives and create a better future for everyone." Henry Giroux, Director of the McMaster Centre for Research in the Public Interest, author of Zombie Politics and Culture in the Age of Casino Capitalism, America?s Education Deficit and The War on Youth, and dozens more.
Value, Cryptocurrency, and the State's War on Both
       
Takeaway Number One: What's up with a billionaire hedge fund manager who doesn't understand the concept of "value?" "Bubbles," says Dalio, "are financial assets that have imputed value. It has imputed value. I'm not an investor, but if I was I'd think twice before handing my money over to a fund manager who doesn't understand value. They're not the first victims of governments' developing war on cryptocurrency and they almost certainly won't be the last.
No timeline given for extracting wedged ship from Suez Canal
       
Meanwhile, the head of the Suez Canal Authority said strong winds were “not the only cause” for the Ever Given running aground on Tuesday, appearing to push back against conflicting assessments offered by others. A Dutch salvage firm is attempting to refloat the vessel with tugboats and dredgers, taking advantage of high tides. Some 9,000 tons of ballast water had been already removed from the vessel, the canal chairman said. “The combination of the (tug) boats we will have there, more ground dredged away and the high tide, we hope that will be enough to get the ship free somewhere early next week,” he said. The Suez Canal Authority organized the first media trip Saturday to the site where the vessel was stuck.
Winning numbers drawn in 'Powerball' game
       
ORLANDO, Fla. (AP) — The winning numbers in Saturday evening's drawing of the "Powerball" game were:06-14-38-39-65, Powerball: 6, Power Play: 3(six, fourteen, thirty-eight, thirty-nine, sixty-five; Powerball: six; Power Play: three)
VIRGINIA WAYSIDE FURNITURE, VIRGINIA WAYSIDE
       
LIFT CHAIRS In-Stock and Ready for Immediate Delivery! 10500 Patterson Avenue | 804-740-3124 | 888-740-5715 Open Monday thru Saturday 9am-5pm | Closed Sundays w w w. v a w a y s i d e . n e t over 30 u.S. manufacturers Stickley cR laine VanguaRd claSSic leatheR temple and many many moRe! STOReWIDe Sale Save UP TO 40% • LIVING ROOM • DINING • BEDROOM • OUTDOOR • ENTERTAINMENT • RUGS • HOME ACCESSORIES IMMedIate delIvery avaIlable On In StOCk FurnIture
1,000 people a day fall into 90pc pension tax trap
       
Hundreds of thousands of savers have been hit by punitive tax rules that limit what they can pay into their pension by 90pc, after being forced to dip into their pots during the pandemic. More than 1,000 people fell into the tax trap every working day in 2020, according to analysis of HM Revenue & Customs figures by Just Group, a retirement planner. More than 600,000 people accessed their pension pot for the first time in 2020, as many had to tap into their wealth to make ends meet. Introduced in 2015, the “pension freedom” rules allow savers to access their cash from the age of 55. However, withdrawing income from some types of pension has triggered the “money purchase annual allowance”, which reduces the amount a saver can pay in and earn tax relief by 90pc, from £40,000 to £4,000.
Why a retirement home could be 'the worst investment you'll ever make'
       
Families who inherit retirement properties have been left facing financial disaster as homes have proved hard to sell and hefty maintenance fees and ground rents have stacked up. Averil Smith, 68, inherited her mother Louise’s one-bed retirement flat in Solihull after she died in April last year. “We’ve seen fewer senior people out and about wanting to view properties.” He has called for retirement village owners to halt service charges while homes are empty. Service chargesPhilippa Walker’s mother, Betty, moved into a McCarthy Stone flat in Eastleigh, Hampshire, in 2012, when it was valued at £171,000. In November 2018 her mother moved into care, which costs £72,406 a year, and she has been trying to sell the flat since.
'My cladding repair bill is 60pc of what I paid for my flat'
       
Gregg Cameron, of Bridgfords estate agents in Newcastle, said 60pc to 70pc of city centre flats in Newcastle were tenanted. This means homeowners’ borrowing capacity, which would be based on affordability, to cover the cost of remedial works is lower. These forms alone can take nine months to process and come with added fees, said Mr Underwood. “These costs are nothing to do with the cladding,” said Mr Underwood. “Many of the initial applications to the building safety fund were made by surveyors who were just calculating the cost of the remedial works,” said Mr Underwood.
Ask Sally: ‘Five months on, I’m still waiting for £775 lamp refund from The Conran Shop’
       
Dear JM,I suspect that the late Sir Terence Conran, who founded the eponymous designer homeware store in the 1970s and who died last year, would be turning in his grave to hear about the slipshod service you have received. His family is no longer directly involved in the business however, as The Conran Shop, along with its flagship stores in London’s Fulham and Marylebone, was sold to international investors the Marandi family about six months before Sir Terence died. I asked the retailer to look into your complaint and it jumped into action. A spokesman said this was not a reflection of the team or the brand “in normal settings”, i.e. I am glad that the company recognised its failings and it said it had “embarked on a programme of significant improvements” across the business.
Questor: bargains to buy and stocks to sell in Europe’s third wave
       
Now, as Europe faces a third wave, we must ask the same question of businesses there. On the brinkWhat will push a business under is the combination of a collapse in sales in an extended lockdown and high debts. These are firms that have minimal debts and the prospect of a quick recovery as soon as their customers are allowed to buy their products again. George Cooke, who manages Montanaro’s European Smaller Companies investment trust, said CTS Eventim, the ticket retailer, was a good example. Française des Jeux, which operates the French lottery, and Symrise, the flavours and fragrances company, are similarly insulated from the effects of lockdown.
Polar explorer Robert Swan: ‘I’ve raised £62m for expeditions, but I’m only worth $5,000’
       
The founder of the 2041 Foundation, Mr Swan, 64, has dedicated his life to the preservation of Antarctica. I was lucky to have had freedom to roam with no one asking where we were, and realised you don’t need money to be free. If you’re worried about money and want to raise it to walk to the South Pole, you’re not going to do it. In the last 45 years I’ve raised £62m for expeditions, and it’s embarrassing but I’m worth $5,000 entirely. I rent where we train for expeditions: $1,500 a month for a small house with a big garage for all our equipment.
Father versus son: the battle to be the family's best stock-picker
       
A healthy family rivalry has spurred a father and son to invest during the pandemic and so far it is the young gun who is on top. James Frewin, a 26-year-old freelance app designer who lives in London, and his father, Vic, a 61-year-old company director from Oxford, took up investing last year. We were losing money to inflation and needed to try to stop that,” said Mr Frewin snr. The pair decided to both try their hand at the stock market and would compare their picks regularly to see who was the family’s top stock-picker. We have fairly different portfolios but I’m keeping away from James at the minute as I don’t want him to find out what I’m investing in.
Sir Ian Cheshire: the ex-Barclays boss eyeing BT's chairman role
       
Until the pandemic hit, Sir Ian Cheshire had always been on the move. Born in Borneo, where his father was working for oil giant Shell, Cheshire got to travel the world with his family as a child. Thirty years in retail, dovetailed with nearly a decade as one of the Government’s top business advisers, and seats on the boards of Barclays and Whitbread, left him almost permanently on the road. A lifelong Bruce Springsteen and Rolling Stones fan, Cheshire has recently found himself enjoying the Taylor Swift tunes played by his children. The former boss of Kingfisher and Debenhams is now angling for what would arguably be his biggest job yet: chairman of the BT board.
Merkel’s party are polls apart from German electorate after vaccine botch
       
Angela Merkel’s Christian Democratic Union has won four consecutive elections as Germany’s party of the status quo. But voters may find a promise of continuity far less tempting this time around after another calamitous week in Berlin. “I ask all citizens to forgive me,” the outgoing Chancellor pleaded on Wednesday amid calls for a no confidence vote. A botched vaccine rollout, glacial delivery of business grants and a PPE procurement scandal have dented the CDU’s claim as the party of competency. “The CDU never really ran on any ideas, it ran on the status quo and good management,” says Christian Odendahl, Centre for European Reform chief economist.
As pandemic bites, Filipino in Japan forms labor union for overseas workers
       
Foreign workers in Japan, an essential part of the labor force in the aging country, have been one of the demographic groups most affected by the economic downturn due to the coronavirus pandemic. The Aichi Migrants Workers union aims to help foreign workers and is the first local community-based union for non-Japanese laborers in the prefecture. Santos, who has worked several jobs while raising her children, first started thinking about setting up a labor union two years ago, she said. In mid-February, Santos and several other members of AMW, as well as some members from Union Aichi, gathered for such a meeting in Nagoya. An official of Union Aichi talked about the mechanisms of labor unions and workers’ rights in Japanese and Santos interpreted the explanation into Tagalog and English.
5 window producers fined for exaggerated advertising
       
FINANCEThis image, provided by Yonhap News TV, shows the exterior of the Korea Fair Trade Commission in the central administrative city of Sejong. (Yonhap)South Korea's antitrust regulator said Sunday it has decided to fine five manufacturers of windows a combined 1.28 billion won ($1.13 million) for exaggerated advertising.LG Hausys and its four rivals ran advertisements that misled consumers to believe that installing their products can sharply reduce energy costs, according to the Korea Fair Trade Commission (KFTC).The companies did not specify in ads that such results on energy efficiency could be generated in a strictly controlled environment.The KFTC also ordered them to take corrective measures.
New York on the verge of legalizing recreational cannabis
       
New York is on the verge of legalizing recreational cannabis as early as next week after state lawmakers finalized language for a bill that would tax and regulate marijuana for people over 21. "Cannabis legalization in New York will be centered on equity, investment into communities, economic opportunities for historically disenfranchised people, research, education and public safety," said New York Assembly Majority Leader Crystal Peoples-Stokes, a Democrat, in a statement. New York's recreational cannabis market is estimated to be worth $4.6 billion by 2023 and $5.8 billion by 2027, according to a recent analysis by advisory firm MPG Consulting. Earlier this year, Cuomo called for the creation of a new Office of Cannabis Management that would oversee recreational use, as well as existing medical use, NBC New York reported. "We sincerely hope that the New York State Legislature passes this bill."
Multiple people injured, 1 killed in stabbing rampage at Canadian library
       
One person was killed and multiple people hurt after a suspect went on a stabbing rampage at a Canadian library. A suspect is now in custody in connection with the lone wolf Saturday afternoon attack in North Vancouver, officials tweeted. The violence happened in and around the Lynn Valley library branch in the suburb, according to the Royal Canadian Mounted Police. “I’ve never seen so many cops in one area.”Six people were taken to the hospital following a stabbing rampage at Lynn Valley Library, according to he Canadian Broadcasting Corporation. I grew up five minutes from here.”Police continue to search for witnesses to the stabbing rampage.
Hallmark Is Airing a Brand-New Movie Every Saturday This Spring
       
CosmopolitanIf you're in the mood to shop for a new pair of kicks, but want to make a more thoughtful purchase, consider looking at some sustainable shoe brands. With that in mind, consider any of the 18 sustainable shoe brands below, from ones that plant a tree for every purchase to others that employ local artisans to help those communities thrive.
LISTEN: Audio from police scanners during Boulder King Soopers shooting
       
In just under an hour, a gunman terrorized a large Boulder grocery store, killing 10 people and shattering both a tight-knit workplace and a larger community’s sense of security around an everyday task — grocery shopping, the most basic of routines. Gunfire erupted at 2:30 p.m. Monday, March 22, 2021, and the suspect was taken into custody almost an hour later. Audio clips from police scanners are below. Source: Boulder police radio traffic archived by Broadcastify. https://soundcloud.com/denverpost/export/s-q4TDupONNg9?in=denverpost/sets/boulder-shooting/s-2aeQJZ7wOFX https://soundcloud.com/denverpost/export-1/s-53tBmMjaoOS?in=denverpost/sets/boulder-shooting/s-2aeQJZ7wOFX https://soundcloud.com/denverpost/export-2/s-qMS2TUZuQ6A?in=denverpost/sets/boulder-shooting/s-2aeQJZ7wOFX https://soundcloud.com/denverpost/export-3/s-dkE6PUU3Zd2?in=denverpost/sets/boulder-shooting/s-2aeQJZ7wOFX https://soundcloud.com/denverpost/export-4/s-XN0iEblRnG2?in=denverpost/sets/boulder-shooting/s-2aeQJZ7wOFX https://soundcloud.com/denverpost/export-5/s-LSrfvyg4DIJ?in=denverpost/sets/boulder-shooting/s-2aeQJZ7wOFX https://soundcloud.com/denverpost/export-6/s-18nGe6bibT2?in=denverpost/sets/boulder-shooting/s-2aeQJZ7wOFX https://soundcloud.com/denverpost/export-7/s-b7rtz1LWKFl?in=denverpost/sets/boulder-shooting/s-2aeQJZ7wOFX https://soundcloud.com/denverpost/export-8/s-hB1bvfjwzzL?in=denverpost/sets/boulder-shooting/s-2aeQJZ7wOFX https://soundcloud.com/denverpost/export-9/s-sGTfRBldWhp?in=denverpost/sets/boulder-shooting/s-2aeQJZ7wOFX https://soundcloud.com/denverpost/export-395006918/s-M9wJ1aZvy1K?in=denverpost/sets/boulder-shooting/s-2aeQJZ7wOFX https://soundcloud.com/denverpost/export-929498526/s-iXSIK9YrhmL?in=denverpost/sets/boulder-shooting/s-2aeQJZ7wOFX https://soundcloud.com/denverpost/export-229241140/s-e8x89XTzFwD?in=denverpost/sets/boulder-shooting/s-2aeQJZ7wOFX https://soundcloud.com/denverpost/export-153942465/s-V65IMjsAtj8?in=denverpost/sets/boulder-shooting/s-2aeQJZ7wOFX
Land Rover Defender is a solid choice
       
FEBRUARY 3-The Land Rover Defender February 3, 2021 (Staff Photo By Marc Grasso/MediaNews Group/Boston Herald)BOSTON MA. FEBRUARY 3-The Land Rover Defender February 3, 2021 (Staff Photo By Marc Grasso/MediaNews Group/Boston Herald)BOSTON MA. FEBRUARY 3-The Land Rover Defender February 3, 2021 (Staff Photo By Marc Grasso/MediaNews Group/Boston Herald)BOSTON MA. FEBRUARY 3-The Land Rover Defender February 3, 2021 (Staff Photo By Marc Grasso/MediaNews Group/Boston Herald)BOSTON MA. FEBRUARY 3-The Land Rover Defender February 3, 2021 (Staff Photo By Marc Grasso/MediaNews Group/Boston Herald)BOSTON MA.
Japanese government's long-term debt to top ¥1 quadrillion
       
The outstanding long-term debt of the central government is set to top ¥1 quadrillion ($9.12 trillion) at the end of March, according to officials, with its fiscal health rapidly worsening due to the need to finance measures against the coronavirus pandemic. The debt, already the worst among developed countries, would average out to a burden of ¥8 million on each Japanese citizen. The Finance Ministry officials have projected the total debt, excluding debt such as bonds to finance the government’s fiscal and investment programs, as well as bills for short-term funds, to reach ¥1.01 quadrillion. Together with the combined outstanding long-term debt of local governments, Japan’s total is set to exceed ¥1.2 quadrillion, or around 220% of its gross domestic product. “By analyzing cost effectiveness of social security programs and public works, the government should track down wasteful spending,” said Hideaki Tanaka, a finance professor at Meiji University.
Thieves target vaccination centre for second time
       
THIEVES targeted a Dorset medical centre to steal fuel for the second time in eight days - disrupting a vaccination programme for elderly patients. A coronavirus vaccination clinic at Bridport Medical Centre was disrupted on Wednesday as a result of fuel being stolen from a tank. As a result of the theft, the vaccination team had to spend much of the da figuring out how they could keep their elderly patients warm whilst they awaited their appointments. A spokesperson for Bridport Medical Centre said: "Our diesel thieves returned. This comes after thieves raided fuel supplies at the centre prior to a vaccination clinic on Wednesday, March 17 - leaving the vaccinating team unable to keep vulnerable patients warm.
China slaps sanctions on US, Canadian entities
       
China slaps sanctions on US, Canadian entitiesThe Foreign Ministry says alleged human rights abuses in Xinjiang are rumours and disinformation. Image: ShutterstockChina on Saturday slapped sanctions on US and Canadian entities over what the Foreign Ministry says are “rumours and disinformation” about alleged human rights abuses in Xinjiang. In a statement, a foreign ministry spokesman said Beijing made the move after the United States and Canada imposed sanctions on Chinese individuals. The spokesman says previous sanctions imposed on US individuals over Xinjiang-related issues remain effective. The European Union, US, Britain and Canada on Monday imposed sanctions against Chinese officials over alleged crackdown on the Uighurs, and had blacklisted former and current officials in the Xinjiang region – Zhu Hailan, Wang Jungzheng, Wang Mingshan and Chen Mingguo.
Investors seek Bitcoin haven amid weakening dollar worries
       
Ditto for scores of great economic minds who call the rise of cryptos like Bitcoin a “bubble,” and a lot worse. Mainstream investors are also snapping it up as they become worried about inflation and the dollar. President Joe Biden can’t tax his way out of America’s more than three trillion dollar deficit. To suppress these costs, market experts like Trennert say Fed Chairman Jerome Powell could suppress interest rates on longer-dated debt. Scott ApplewhiteAgain, I don’t know if I’ll ever be a crypto believer despite ways to buy whole pizzas with Bitcoin, now.
Biden administration will impose new regulations on meat industry, expert warns
       
Earlier this year, White House said the Occupational Safety and Health Administration would release those standards on March 15. But that day passed two weeks ago, and there was still no word from the administration heading into the weekend. North American Meat Institution’s spokeswoman Sarah Little told Fox News that regulations like mandatory 6-foot social distancing and N95 masks would definitely affect production. She said industry workers need vaccinations to keep things moving. “People only spend about 10 to12% of disposable income on food.”CLICK HERE TO READ MORE ON FOX BUSINESSJohn S. Nalivka, who has 30 years of experience in livestock and meat industry consulting, explained that the U.S. has built a very efficient meat industry that allows affordable meat prices.
America's Richest 1% Dodge Taxes On More Than A Fifth Of Their Income, Study Finds
       
Beefing up budgets and staff alone, as the Biden administration plans to do, could increase tax revenue by over $1 trillion over a decade, The Wall Street Journal reported. The percentage of income tax evasion generally increases with the income category, the study found. Taxpayers in the bottom half of income categories evade taxes on around 7% of their income. Taxpayers in the top fifth evade taxes on 10% of their income, with the richest 5% avoiding taxes on at least 20% of income. Even as high earners are dodging taxes, IRS audits of the wealthy have plunged, another recent study has found.
Man With 6 Firearms Arrested At Grocery Store Following Tip From 'Startled' Shopper
       
Man With 6 Firearms Arrested At Grocery Store Following Tip From 'Startled' ShopperEnlarge this image toggle caption AP APA 22 year-old man armed with multiple guns was arrested on Wednesday in Atlanta after a shopper overheard him loading weapons in a grocery store bathroom. Russell, who works as a shopper for the grocery delivery service Instacart, rushed to alert Publix staff, who then called security. While police have not yet said why Marley brought the weapons into the store, Russell said seeing the rifle put him on edge following the mass shooting days earlier at a Boulder, Colo., grocery store that left 10 people dead. "This kind of startled me just again with the events that recently happened in the grocery store up in Colorado," Russell told WSB-TV, an Atlanta television station. Following the Boulder attack, President Biden urged Congress to pass gun control measures that would ban assault weapons and high-capacity magazines.
Sponsored: Pre-emptive purchase offers could lead to Fair Housing Act questions
       
In these cases, each seller and their seller’s agent listed their offer deadline in the advertising. A: Critically low housing inventory for sale combined with low interest rates has created another surge of pre-emptive offers. It could become illegal when a seller’s agent appears to break the Fair Housing laws. An acceptance of a pre-emptive offer could easily be a setting for a Fair Housing violation. Fair warning about Fair Housing: Unfair behavior while renting or selling a house might be addressed in a courthouse.
Covid: Boris Johnson urged to share vaccines with poorer nations
       
Sage scientist Sir Jeremy Farrar, director of the Wellcome Trust, said the UK will still have contractual access to at least 100 million surplus doses once the entire population is vaccinated, which he said "won't be of use in the UK".
Doosan Infracore releases 100-ton excavators in global market
       
BUSINESSThis photo provided by Doosan Infracore Co. on Sunday, shows the company's 100-ton excavator. (Doosan Infracore Co.)The South Korean construction equipment maker Doosan Infracore Co. said Sunday it has launched its 100-ton excavators, the biggest in its lineup in the global market, and won orders for them from Mongolia and Chile.Doosan Infracore bagged an order for one 100-ton excavator from a Chilean company, with a 100-ton excavator and a 80-ton excavator ordered by a Mongolian company, the company said in an emailed statement.Global demand for the large excavator market is estimated at about 1,000 units annually, the company said.The large excavators will be sold to mining companies and builders, Doosan Infracore said.The excavator manufacturer sold 1,754 units in China in February, rising more than three times from a year ago, on China's pump-priming policy to cope with the coronavirus pandemic and increased prices of raw materials, such as iron ore.Doosan Infracore is scheduled to be incorporated into Hyundai Construction Equipment Co., its smaller local rival, within the third quarter of this year.In December, its parent Doosan Heavy Industries & Construction Co. inked an initial deal with Hyundai Heavy Industries Holdings Co. (HHIH), the parent of Hyundai Construction Equipment, to sell its stake in Doosan Infracore as part of efforts to tide over its cash shortages.
Doosan Infracore releases 100-ton excavators in global market
       
This photo provided by Doosan Infracore Co. on Sunday, shows the company's 100-ton excavator. (Doosan Infracore Co.)The South Korean construction equipment maker Doosan Infracore Co. said Sunday it has launched its 100-ton excavators, the biggest in its lineup in the global market, and won orders for them from Mongolia and Chile. Doosan Infracore bagged an order for one 100-ton excavator from a Chilean company, with a 100-ton excavator and a 80-ton excavator ordered by a Mongolian company, the company said in an emailed statement. The large excavators will be sold to mining companies and builders, Doosan Infracore said. In December, its parent Doosan Heavy Industries & Construction Co. inked an initial deal with Hyundai Heavy Industries Holdings Co. (HHIH), the parent of Hyundai Construction Equipment, to sell its stake in Doosan Infracore as part of efforts to tide over its cash shortages.
US and allies slap China’s wrist while Beijing plays brutal hardball
       
On Monday, the United States, Britain, Canada and the European Union announced sanctions against multiple Chinese officials for “serious human rights abuses” against the Muslim-minority Uighurs in the far-west region of Xinjiang. That’s wrist-slaps over genocide while Beijing goes for the jugular against powers that displease it. Fine, the European Union joined the Western allies on the China sanctions, its first such action since the Tiananmen Square massacre. But targeting a few Chinese officials doesn’t begin to match the scale of these atrocities — torture, rape, brainwashing and trapping more than 1 million civilians in concentration camps. Now Beijing is canceling H&M and Nike within its borders for issuing statements decrying the use of forced labor to produce cotton in Xinjiang.
Georgia lawmaker arrested outside governor's office
       
But the actual rate turned out to be less than half that, as the economy recovered slowly.Now, the CBO looks more likely to miss on the downside. In February, before the Biden stimulus passed, it projected that 10-year borrowing costs will rise at a gradual basis of 20 basis points a year after the pandemic slump -– to average 1.1% this year and then 1.5% in 2023. Those are not issues for the CBO to decide,” he says. The CBO is merely outlining the risks associated with certain policies, says Swagel. That was immediately picked up as a talking point by Republicans, while Democrats suggested the analysis was flawed.
Where's my third stimulus check? Can I still qualify? Answers to your questions on COVID relief, IRS tax refunds and more
       
That includes anyone who used the IRS non-filers tool last year, or submitted a special simplified tax return. Earlier this month, Maryland pushed its state income tax filing deadline to July 15, according to Comptroller Peter Franchot. Campbell of TaxAct recommends that people find a local IRS Volunteer Income Tax Assistance (VITA) site to get free tax help if you qualify. And some don’t levy state income taxes at all, including Texas, Florida, Alaska, Nevada, Washington, Wyoming and South Dakota. This article originally appeared on USA TODAY: Stimulus check 2021: How to check status of COVID relief, tax refund
Diversity catalog lets consumers ‘put their money where their values are’
       
Led by Salem, the municipalities are partnering to create the North Shore Diversity Catalog , a voluntary online registry listing businesses in the region that are owned by women, minorities, immigrants, LGBTQ people, veterans, and those with disabilities. Her B&B will be listed in a new North Shore Diversity Catalog that Salem is producing with neighboring communities. There is so much competition, especially on the North Shore with so many restaurants. Advertisement“I am happy to join in this partnership ... to establish a diversity catalog,” Lynn Mayor Thomas M. McGee said in a statement. He is among those who will be listed in a new North Shore Diversity Catalog.
2 people killed, 3 others hospitalized after multiple-car crash in Frisco
       
Frisco police are investigating after a multiple-car crash Saturday left two people dead and hospitalized three others. The accident involved a Lexus SUV, a Dodge sedan and an Infiniti sedan, police said. The driver of the Dodge and the driver and a passenger in the Infiniti were taken to a local hospital, police said. Anyone with information about the incident may contact the Frisco Police Department at (972) 292-6010. Anonymous tips can be sent through the Frisco PD app or by texting FRISCOPD and the tip to 847411.
Marijuana takes center stage in New Mexico special session
       
“It’s a big economic development tool that we have at our disposal. And it is the right thing to do,” said Democratic state Rep. Javier Martinez, lead sponsor a bill that won House approval in February and stalled amid discord in the Senate. Incumbent medical marijuana producers are divided over how to proceed amid aggressive lobbying. Many fear unlimited business licenses and wide-open competition would undermine stable retail prices, financial investments and stable employment. “There's just that opportunity to saturate the market and really damage the industry,” said Erik Briones, owner of Minerva Canna, a medical marijuana production, manufacturing and distribution business with about 70 employees.
S. Korean importers tense over Suez Canal blockage
       
BUSINESS(Yonhap)In the wake of the Suez Canal blockage that is paralyzing regional and global logistics, South Korean companies are starting to feel an impact.With importers tense over possible delays in their material and product supplies, shipping companies are expected to gain from increased fees and surplus demands.HMM, Korea’s largest and the world’s eighth-largest shipper, saw its stock price climb 15.96 percent on-day to 34,150 won ($30.20) on Friday, prolonging the uptrend for nine consecutive trading days. Earlier in the day, the figure reached 35,700 won, hitting a 52-week high.Brokerages also raised the target stock price for the company, citing the reflex effect from the canal situation and forecasting an increase in both order volume and logistics rate.Importers, however, are keen on securing their raw materials and products from the other side of the canal. Egypt is currently home to the manufacturing facilities of IT giants such as Samsung Electronics and LG Electronics, as well as several global medical device companies.“As the blockage is taking more days to resolve, some (Korean) companies are starting to take the consequent impact,” said an industry official.“Alternative routes through other ports along the Red Sea could be considered, but will likely be ineffective in terms of costs.”According to the Institute for International Trade, a think tank affiliated with the Korea International Trade Association, increased logistics costs were fingered as the second-largest obstacle for Korean exporters this year, following increased prices of raw materials.The semiconductors sector is to receive an immediate blow should the traffic jam prolong, as the business has already been facing a global demand shortage due to exploding demand in batteries for electric cars and other vehicles.“The current situation will have an increasing effect on air cargo and container ship fees in the European routes,” said Um Kyung-a, a researcher at Shinyoung Securities.“As t
[#WeFACE] Tips for turning your coffee green
       
And our pandemic ways of having coffee are likely a big contributor.“I feel like social distancing has somehow led to a more wasteful lifestyle. I didn’t think of having coffee delivered to my doorstep before COVID-19, but it’s sort of become a norm now,” said Park Sang-min, 29, who works from home.It turns out, enjoying coffee completely sans waste is almost impossible, at least in Seoul. Dining in is not advisable from a social distancing perspective, and takeaway coffee cups are a plastic catastrophe. You can’t go on a hunt for a handful of zero-waste cafes in the city every time you want coffee. In fact, some, including large coffee chains like Starbucks, even offer discounts to encourage this behavior.If you are opting for a do-it-yourself coffee at home, don’t go for instant coffee packets.
[#WeFACE] Environmentally conscious consumers turn to refill stations
       
NATIONALRefillable products, such as shampoo, body wash and body lotion, are displayed at Almang Market. (Shin Ji-hye/The Korea Herald)The weight of the body wash refilled by the bottle brought by a customer is measured at Almang Market. (Shin Ji-hye/The Korea Herald)Shinsegae Department Store operates a refill station in partnership with New Zealand-based eco-friendly detergent brand Ecostore to sell refillable laundry detergent and fabric softener. (Shin Ji-hye/The Korea Herald)Soap bars for kitchen detergent, hair and body are displayed at Almang Market. In order to buy the refillable products, customers should first buy the finished products or the container which costs 500 won.
After surviving the pandemic, workers at a Boulder supermarket felt hopeful. Then a gunman walked in.
       
“The pandemic feels like a decade ago after all of this,” Lopez said. Among the 10 people killed by the gunman were three grocery employees: Denny Stong, 20, Teri Leiker, 51, and Rikki Olds, 25. Olds was a front-end manager with a sunny disposition in the face of pandemic stressors. It’s something else.”King Soopers told employees they’d be paid through Friday, consistent with the hours they were scheduled to work, employees said. The union has pledged to assist all of the store’s workers — including those it doesn’t represent — with money from the union’s hardship fund.
Yes, You Can Retire on Dividends. 10 Stocks to Build an Income Stream for the Long Haul.
       
But he also relies on a steady dose of stock dividends, something he started to zero in on when he retired in 2015. But last year’s selloff and relative underperformance offered a chance for nimble dividend investors to add to holdings they considered to be undervalued. He uses Social Security and a pension to complement his dividend income streams. There are many ways to build a portfolio of dividend stocks, one of which entails assembling a collection of blue-chip issues, as Van Knapp’s portfolio does. SL Green RealtyReal estate investment trusts, which are required to pay out at least 90% of their taxable income as dividends, are popular among income investors.
Race To Free Giant Ship From Suez Canal Continues
       
Race To Free Giant Ship From Suez Canal ContinuesEnlarge this image toggle caption Mohamed Elshahed/AP Mohamed Elshahed/APThe push to free the container ship stuck in the Suez Canal continued into a fifth day Saturday as more than 300 ships on either side wait to pass through the blockage. For days, tugboats have been struggling to free the ship by towing and pushing the vessel since it ran aground Tuesday, closing off the main ocean route between Europe and Asia. The Suez Canal Authority said in a statement Thursday that it had officially halted traffic while the refloating efforts continued, further stressing global supply chains already disrupted by the coronavirus pandemic. The high-stakes effort to refloat the Ever Given hinge on using tugboats to free the ship while dredging operations remove sand and mud from around the vessel's bow. The Suez Canal Authority expressed gratitude for offers of international aid in a statement Friday.
China Sets Duties on Australia Wine for 5 Years as Ties Sour
       
China will impose tariffs of more than 200% on Australian wine for five years, formalizing curbs that have been in place for months amid an increasingly fraught relationship with Canberra. Imports of Australian wine products will incur anti-dumping levies of between 116.2% and 218.4% with effect from March 28, the Chinese commerce ministry said in a final ruling Friday. Duties on Treasury Wine Estates, Australia’s largest listed winemaker best known for its Penfolds brand, are set at 175.6%. The top commodities buyer introduced the interim tariffs in November after it launched investigations into Australian wine, claiming that the product had been subsidized and sold under market value. China was the top buyer of Australian wine before the tariffs, spending close to $1 billion in 2019 and accounting for 40% of winemakers’ shipments from Down Under.
‘Unprecedented’: Wall Street Ponders Goldman’s Block-Trade Spree
       
(Bloomberg) -- As Wall Street speculated on the identity of the mysterious seller behind the massive $10.5 billion in block trades executed on Friday by Goldman Sachs Group Inc., investors also pondered just how unprecedented the selloff was -- and whether there’s more to come. “This was highly unusual,” said Oliver Pursche, a senior vice president at Wealthspire Advisors, which manages $12 billion in assets. Another wave of block trades may force fund managers to reassess their commitment to some stocks,” he said. ‘Unprecedented’Frederik Hildner, a portfolio manager at Salm-Salm & Partner GmbH in Wallhausen, Germany, called the move “unprecedented.” He added, “The question is why did these block trades occur? Read More: Block-Trade Bevy Wipes $35 Billion Off Stock Values in a DayWall Street is now trying to work out who the seller is.
Brazen thief drives off with SUV as Cook County judge pumps gas on Southwest Side
       
At 11:55 a.m. Saturday, Judge Perla Tirado, who works at the Daley Center, was at a Shell gas station at 3500 S. Ashland Ave. pumping gas when a man walked up to her 2014 Nissan Rogue, got inside, started it and fled westbound on 35th Street, according to a preliminary report from police.
'They know the risk': Hundreds gather at Dora at The Banks with little social distancing
       
Hundreds of people gathered on Saturday afternoon at the Designated Outdoor Refreshment Area at The Banks during its debut weekend. Muna Nyama, 33, of Silverton, also hasn't been out to a large public gathering since before the pandemic. "I like it so far," he said of the Dora, adding that his fears about the pandemic have eased as more and more people get vaccinated. Dora at The Banks is open daily from 11 a.m. to 1 a.m. City officials say it's a permanent feature that will be open year-round. Freedom Way from Joe Nuxhall Way to Marian Spencer Way is permanently closed for the Dora, according to the Cincinnati Police Department.
BBC admits destroying dossiers relating to Princess Diana's bombshell Panorama interview
       
The BBC has admitted destroying documents relating to Princess Diana’s bombshell Panorama interview – despite previously saying there was no evidence that it had done so. The Mail on Sunday last year submitted a Freedom of Information request asking the Corporation to provide a list of all files relating to the controversial 1995 TV interview that had been destroyed since 2018. Tory MP Andrew Bridgen said: ‘The BBC surely must know what documents it has destroyed or how does it know that it has destroyed any documents? They are being evasive.’A BBC spokesman said that a more ‘detailed search’ had uncovered the additional information. The BBC said last night: ‘In line with standard practice, we provide a capped contribution for legal support where former or current staff are required to participate.’
Boulder cop was the last of ten victims killed in grocery store massacre
       
The Colorado police officer was the last of ten victims killed during Monday's massacre at the King Soopers grocery store, the Boulder Police Department said on Friday. 'We think it’s important to share that Officer Talley led a contact team of officers into the store within 30 seconds of arriving on scene. In another tweet, the department said: 'The suspect then shot at officers, killing Officer Talley, and firing on officers until he was taken into custody. He died today in the Boulder shooting. He died today in the Boulder shooting.
Hopes for blocked Suez Canal hinge on rising tide potentially freeing ship
       
At a news conference Saturday, Lt. Gen. Osama Rabie, head of Egypt’s Suez Canal Authority, said that such “a significant incident” typically has many causes. Officials were hopeful on March 27 that the grounded ship in the Suez Canal could be freed by a rising tide brought on by the arrival of heavier tugboats. ADLater Saturday, Hend Fathy Hussein, spokeswoman for the Suez Canal Economic Zone, wrote in a Facebook post that the ship’s rudder had begun moving again. There are two canal pilots aboard to guide the ship through the canal. The unprecedented bottleneck at or near the canal could strain global supply chains that are already stressed by the coronavirus pandemic.
Australia threatens to take China to WTO and backs Boris Johnson's stance on Uighur abuses
       
Australia’s trade minister threatened to take China to the World Trade Organization on Saturday over its “unjustifiable” decision to increase duties on Australian wine imports for up to five years. In the latest salvo between Beijing and Canberra, China’s commerce ministry announced levies ranging from 116.2% to 218.4% would be slapped on Australian wine imports from Sunday. The Australian trade minister, Dan Tehan, said the tariffs meant it was “basically impossible” for Australian wine to be competitive in the Chinese market. Late last year, Australia also called for the WTO to investigate Chinese tariffs on barley imports, following a series of economic sanctions or disruptions to Australian products to China’s vast market. “So Boris – well done, mate – we stand with you and thank you for standing with Australia as well.”
San Francisco is guaranteeing monthly income for artists impacted by the Covid-19 pandemic
       
(CNN) San Francisco is launching a pilot program that will guarantee monthly income for artists affected by the Covid-19 pandemic. It would guarantee monthly payments of $1,000 for around 130 San Francisco artists for six months beginning in May. "From the first day the pandemic arrived in San Francisco, we knew that this health crisis would impact artists, and artists of color in particular," Breed said in a statement. "Our artists make San Francisco special, and bring so much life and energy to our city. If we help the arts recover, the arts will help San Francisco recover."
Steve Madden may ditch Queens headquarters over parking lot issue
       
Steve Madden’s shoe company is ready to walk away from its Queens headquarters — and take 400 workers with it — over a proposed affordable-housing development that will step on the company’s parking. A plan by non-profit developer Phipps Houses calls for rezoning the lot to build a seven-story building with 167 units. Andrew Luskin, a lawyer for Steve Madden, says “the neighborhood would have much to lose if the company were compelled to relocate” if affordable housing is built on his company’s parking lot in Sunnyside, Queens. The parking lot where Steven Madden employees use at the company’s Sunnyside, Queens headquarters Lisa R. KyleThe project advanced Thursday when the City Council approved rezoning for the development. “We believe the Steve Madden folks did not realize the new development contains a very large parking lot.
A $15 national minimum wage makes no sense
       
ADADBut Congress hasn't touched the issue since 2007 (when it mandated the 2009 increase), principally because any minimum wage has trade-offs: It creates both positive and negative effects. Similarly, the CBO says a $15 minimum would modestly increase the federal deficit through a combination of costs (such as higher unemployment compensation) and savings. When economists talk about the minimum wage, they envision a "sweet spot," or a range, that best accommodates these trade-offs. As recently as 2019, Dube cautioned, "We are currently witnessing minimum wage increases that go beyond our experience of the past few decades." In the new Congress, every Democrat is on record supporting a hike, and President Biden supports a national $15 wage.
Harvard maths professor with close ties to Jeffrey Epstein has been barred from advising students for two years
       
Now people are listening!”For his part, Black has been adamant that he played no part in Epstein’s crimes.“Let me be clear,” Black said in October. Rodriguez, who worked for Epstein from November 2004 to May 2005, died in December 2014. “They attended social events together, Black confided in Epstein on personal matters, and Black introduced Epstein to his family. Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you.
Moderna jabs will be rolled-out in 3 weeks to under-50s as Britain's vaccine drive shifts up a gear
       
Britain's world-beating vaccine rollout will move up another gear in mid-April when the Moderna jab is deployed for the first time, The Mail on Sunday understands. Doctors are expected to administer the first Moderna jabs within three weeks. In the US, 64.3 million doses have been given. The Government has ordered 17 million doses, and the EU has 310 million, with an option for another 150 million in 2022. Nearly 30 million vaccine first doses have now been administered in the UK.
PIERS MORGAN: The REAL truth. Writing for the first time about his dramatic exit from GMB
       
None of them even care about Meghan Markle, let alone agree with my views on her. 'I understand that you don't like Meghan Markle,' he said, 'you've made it so clear a number of times on this programme. But I don't believe Meghan, so why would I apologise? Suddenly, I reached a moment of total gut clarity: f**k it, I wasn't going to apologise for disbelieving Meghan Markle, because the truth is that I don't believe Meghan Markle. If people want to believe Meghan Markle, that's entirely their right.
Portland lawmaker proposes paying reparations to Black Oregonians
       
Frederick has sponsored two bills, Senate Bill 619 in this year's upcoming legislative session, aimed at reparations for Black Oregonians. He laid out some of the historical disparities among Black Oregonians. "(Senate Bill) 618 really says is there a case to be made for reparations -- that's what 618 does," he said. Riccardo Waites, founder of the Central Oregon Black Leaders Assembly, said he doesn't think the bills will pass. "But more importantly, I want the government to give us reparations that allows generational wealth to happen.
‘A Very Big Problem.’ Giant Ship in the Suez Remains Stuck.
       
All the while, they must hope the Ever Given remains intact. With the ship sagging in the middle, its bow and stern both caught in positions for which it was not designed, the hull is vulnerable to stress and cracks, both experts said. Mohammed Mosselhy, the owner of First Suez International, a maritime logistics company at the canal, said teams of divers were already inspecting the hull and had not yet found damage. “It was the biggest ship in the convoy, and she ended up in the worst part of the canal” — a narrow section with only one lane, Captain Sloane said. Lt. Gen. Osama Rabie, the head of the Suez Canal Authority, said at a news conference on Saturday that while he hoped “we don’t reach that stage,” the authorities would summon ships with cranes to transfer some of the containers.
• Number of mass shootings in the U.S. 1982-2021
       
Number of mass shootings in the United States between 1982 and March 2021 [Graph]. "Number of mass shootings in the United States between 1982 and March 2021." Number of mass shootings in the United States between 1982 and March 2021 . "Number of Mass Shootings in The United States between 1982 and March 2021." Statista , Statista Inc., 22 Mar 2021, https://www.statista.com/statistics/811487/number-of-mass-shootings-in-the-us/Mother Jones, Number of mass shootings in the United States between 1982 and March 2021 Statista, https://www.statista.com/statistics/811487/number-of-mass-shootings-in-the-us/ (last visited March 27, 2021)
Poshmark sales top estimates in its first quarterly report as a public company, but outlook disappoints; shares fall
       
Poshmark Inc. signage outside the Nasdaq MarketSite during the company's initial public offering (IPO) in New York, U.S., on Thursday, Jan. 14, 2021. Poshmark's revenue topped analysts' estimates, in its first financial report since going public in January. But the online seller of secondhand clothing issued a weaker-than-expected sales outlook for the current quarter. For the first quarter, Poshmark is calling for revenue to fall within a range of $75.5 million to $77.5 million. A number of players are looking to gain market share, including luxury consignment site TheRealReal, sneaker reseller StockX and virtual thrift store ThredUp.
Flush with $175M in new funding, ThredUP is launching a platform for other resale brands
       
ThredUP, the online marketplace for secondhand fashion items, is betting that the resale industry is going to keep growing. The company announced it just snagged $175 million in funding, bringing its total capital raised to more than $300 million. It is growing 21 times faster than retail, and it is on track to surpass fast fashion in the next 10 years. As I’ve written before, fast fashion has created a massive amount of pollution on the planet. If consumers were able to buy secondhand products at a fast fashion price point, it would be a much more sustainable alternative to the status quo.
Janet Yellen: Biden's COVID-19 relief plan could restore full employment by next year
       
Summers also contended that Biden's plan would make less money available for other initiatives such as improving the nation's infrastructure. The proposal will be part of the COVID-19 relief bill they are writing that is expected to largely follow Biden’s plan. The child tax credit increase is expected to help about 20 million lower-earning people. The child tax credit details were first reported by The Washington Post. She said if Biden's relief package is approved, the country could get back to full employment by next year.
Why the COVID-19 pandemic left long-term scars on the global job market
       
Getting a lost job back could be a struggle for her and millions of other unemployed people around the world. Even as vaccines increasingly promise a return to something close to normal life, the coronavirus seems sure to leave permanent scars on the job market. No one knows exactly what the job market will look like when the virus finally ends its rampage. “At this point,” she said, “they have to move on with their lives.”Jamison wonders whether the front-desk operation eventually will be eliminated altogether, the jobs lost to automation. In Europe, government jobs programs have prevented a devastating rise in unemployment.
Lost jobs, less pay, no childcare: A year into the pandemic, women are not OK
       
Brothers91 | E+ | Getty ImagesOne year into the coronavirus pandemic, women are not OK. More than 2.3 million have left the workforce since February 2020, bringing their labor participation rate to levels not seen since 1988, according to the National Women's Law Center. The headwinds against women are just increasing in strength, and women are just continuing to fall behind. That translates into $10,157 less per year in median earnings for full-time working women. Nearly 1 in 5 women have nothing saved for their golden years, a 2020 CNBC/SurveyMonkey Women at Work survey found. Source: Martha Wade ChairesFor 39-year-old Martha Wade Chaires, there was really no other choice but to step away from work when the pandemic hit.
Home Buyers Loving the Suburbs Again
       
Mortgage rates dropped to all-time lows, with the average 30-year rate sinking to 2.65% in early January, Freddie Mac reports. “A sub-3% mortgage rate is phenomenal and unprecedented,” says Guy Cecala, chief executive and publisher of Inside Mortgage Finance. Tips for buyers Buyers who want to lock in the lowest mortgage rates should purchase a home earlier in the year, before rates tick up, Hale says. Qualify for the best mortgage rate Nabbing a lower mortgage rate means lower monthly loan payments and paying less in interest over time. You can use a mortgage rate comparison tool at LendingTree, NerdWallet or Bankrate to get offers from multiple lenders.
Robinhood makes Wall Street feel like a game to win—not a place where you can lose your savings
       
Extrinsic motivation lasts only as long as the player feels appropriately challenged and rewarded. Robinhood built its app to delight people who are new to active investing, taking advantage of the same psychological motivators that drive game behavior. The gamelike thrills start at sign-up when Robinhood offers new users a free stock, which they select from three face-down golden cards. By delighting users, Robinhood creates players rather than investors. But unlike Robinhood, apps like Acorns and the Long Game encourage users to save money rather than spend it.
Today's Mortgage Rates Trend Down | March 27 & 28, 2021
       
View Rates for March 27, 2021Today’s 15-year fixed mortgage ratesThe 15-year rate is 2.598%. Mortgage refinance rates todayThe average rates for 30-year loans, 15- year loans and 5/1 jumbo ARMs are:The refinance rate on a 30-year fixed-rate refinance is 3.766%. View Rates for March 27, 2021Where are mortgage rates heading this year? Tips for getting the lowest mortgage rate possibleThere is no universal mortgage rate that all borrowers receive. Our mortgage rate methodologyMoney’s daily mortgage rates show the average rate offered by over 8,000 lenders across the United States the previous business day.
Apple Watch can monitor the frailty of cardiovascular patients at home
       
Much of the 2008 economic collapse was fueled by losses suffered by banks and hedge funds that owned the complex securities. At a 2010 hearing, the panel’s now-retired chairman, Michigan Democrat Carl Levin, blasted the executives over an internal email that labeled one of the securities Goldman was selling as “one sh**ty deal.”“Your people think it’s a piece of crap and go out and sell it,” Levin said at the hearing. The government says the appeals court should have considered Goldman’s contention that its assurances were too generic to prop up the share price. Part of the problem, he said, is that the case focuses on “trivial, procedural questions” that the justices, with little expertise in securities law, won’t fully comprehend.“They will not do anything useful,” said Pritchard, who’s recently written a book on the Supreme Court and securities law. “They are in over their heads.”The case is Goldman Sachs v. Arkansas Teacher Retirement System, 20-222.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Mom told police she and husband had sex while son was dying
       
Why it matters: The Highway Trust Fund, which pays for roads and transit systems, is going broke. The existing federal gas tax isn't enough to meet rising costs, and the budget gap will only grow wider as cleaner cars burn less fuel.Get market news worthy of your time with Axios Markets. Subscribe for free.Electric cars don't even need gas, which is why finding an alternative to the current 18.4-cent per gallon fuel tax is inevitable. Neither side seems interested in raising the gas tax at this point, even though electric vehicles still represent less than 3% of new cars sold. "We’re obviously going to have to come to more solutions if we’re going to preserve the user-paid principle," he told lawmakers Thursday.
At Mass General Brigham, a sweeping effort to unify hospitals and shed old rivalries
       
Mass General Brigham executives argue their hospitals must knock down silos and work together more closely to attract and retain patients. Previously, the Brigham, which doesn’t do liver transplants, sent patients needing this operation to other transplant centers outside the Mass General Brigham network. With Klibanski’s ascension, Sperling, the Mass General Brigham chairman, saw an opportunity to succeed where previous efforts had failed. They are resigned to the fact that Mass General Brigham cannot significantly raise prices to increase revenues. But it’s really hard to get health systems to operate systemically.”To some, the changes at Mass General Brigham are inevitable.
A stray dog kept stealing a stuffed unicorn from a Dollar General, so animal control bought it for him
       
By Lauren M. Johnson | CNNThe cutest thief was rewarded after he continued to steal a purple unicorn from a Dollar General. The business in Kenansville, North Carolina, called animal control on Sisu, a large male stray dog, because of his repeated thievery. He had come to the store five times to steal the same stuffed unicorn. However, instead of being left empty-handed, the Duplin County Animal Control officer who went to pick him up ended up buying the toy for Sisu instead. The department posted pictures on social media Monday of him cuddling his coveted treasure at the county animal shelter, and his story quickly went viral.
Armed robbery suspect whom State Police shot and killed had troubled past; family believed it was behind him
       
After a standoff in Quincy, Leach allegedly got out of the cruiser with a police patrol rifle and a State Police trooper shot him once, killing him, officials said. A man who allegedly robbed a Rockland convenience store and stole a police car before State Police fatally shot him in a stand-off Friday had a troubled past that family believed he had put behind him. AdvertisementLeach had recently been on probation for shooting an 8-year-old Brockton girl in 2012, according to Plymouth Superior Court documents. In 2015, Leach pleaded guilty to five charges in the 2012 case, including assault and battery and firearms violations, court documents show. A family member said he was stunned by Friday’s incident, saying Leach, who was divorced and had two children, had put past troubles behind him.
No timeline given for extracting wedged ship from Suez Canal
       
SUEZ, Egypt — A giant container ship remained stuck sideways in Egypt’s Suez Canal for a fifth day Saturday, as authorities made new attempts to free the vessel and reopen a crucial waterway whose blockage is disrupting global shipping and trade. Meanwhile, the head of the Suez Canal Authority said strong winds were “not the only cause” for the Ever Given running aground on Tuesday, appearing to push back against conflicting assessments offered by others. Peter Berdowski, CEO of Boskalis, the salvage firm hired to extract the Ever Given, said the company hoped to pull the container ship free within days using a combination of heavy tugboats, dredging and high tides. “The combination of the (tug) boats we will have there, more ground dredged away and the high tide, we hope that will be enough to get the ship free somewhere early next week,” he said. A crane was already on its way that can lift the containers off the ship, he said.
Climate talks will test Biden’s pledge to make global heating a priority
       
The Leaders Summit on Climate talks, scheduled to be held virtually on 22 and 23 April, are an opportunity for the US to shape, hasten and deepen global efforts to cut climate-wrecking fossil fuel pollution, administration officials told the Associated Press. The talks are also designed to revive a US-convened forum of the world’s major economies on climate that previous administrations, Republican and Democrat, had allowed to lapse. They will also mark the first time a US leader has attended a major international climate discussions in more than four years. Led by US climate envoy John Kerry, US officials have reportedly been emphasizing US climate intentions during early one-on-one talks with foreign leaders. Against that backdrop, the climate talks – coming seven months ahead of November’s UN global climate sessions in Glasgow – will offer a deliberate test of whether, after four years of isolationist and aggressive diplomatic non-compliance, the US still has power to shape global decision-making.
SNP calls in experts to examine Gupta deal
       
Scottish ministers have instructed advisers to help navigate the fallout from a deal with metals tycoon Sanjeev Gupta that has put hundreds of millions of pounds of public money at risk. Nicola Sturgeon’s administration is understood to have asked expert accountants from Deloitte to comb through state guarantees it handed to Mr Gupta’s GFG Alliance. The SNP-run administration guaranteed payments worth an estimated £360m to help Mr Gupta buy the Lochaber aluminium smelter and associated hydropower plant at Fort William five years ago. Last week it emerged that the state guarantees had led to the creation of just 44 jobs. A Scottish government source said that Deloitte had been retained since 2017 to monitor the Lochaber guarantees.
Hugh Fearnley-Whittingstall: Ban supermarkets' fake farm labels
       
Supermarkets should stop using words like "traditional" and "natural" on their meat packaging to hide bad farming practices and tell consumers about the age and breed of animals, Hugh Fearnley Whittingstall has said. The restaurateur, who just won a Michelin Green Star for cooking in an environmentally friendly way, told the Sunday Telegraph that supermarkets are "irresponsible" for using vague terms to make food look sustainable when it is factory farmed. He added: "I don't think it's appropriate for products or supermarkets or brands to use terms like responsibly sourced or sustainably sourced, unless they can back it up." Supermarkets including Tesco have made up fake farm names to market their meat, in order to make it look more appealing to consumers. Mr Fearnley Whittingstall said of this "I think the thing about words like traditional farm, farm fresh, and the made-up names of farms, is they what they give a subliminal reassurance to people that they're buying something that's kind of good for the environment."
Government takes another step toward greater control of energy sector
       
The federal government is forging ahead with its plans to increase state control in Mexico’s energy sector, which was opened up to private and foreign companies by a 2014 reform. President López Obrador, a staunch energy nationalist and fierce critic of the reform, sent a proposal to Congress on Friday to alter the federal Hydrocarbons Law, which governs activities in the oil sector. All permits granted by the Energy Ministry (Sener) and the Energy Regulatory Commission (CRE) to private firms that operate in the Mexican oil sector would be subject to suspension in case of “imminent danger to national security, energy security or the national economy,” according to the initiative sent to Congress. The legal challenges haven’t dissuaded López Obrador from pursuing his quest to “rescue” Pemex and the CFE from what he describes as years of neglect and give them greater control of the energy sector. The global consulting firm Kearney this week cited the government’s energy sector measures as a major reason Mexico wasn’t included on its 2021 index of the 25 most attractive countries in the world for foreign investors.
China Overtakes U.S. As World’s Largest Refiner
       
As the shift in oil demand from Covid-19 turned the tables of regional levels of fuel production and exports, China succeeded in overtaking the USA as the world’s biggest oil refiner in 2020. In contrast to the U.S., when oil prices fall, the Chinese government pays refiners to increase production levels. This same facility had 35 times the refining capacity of China when it opened in 1967, showing how dramatically the tables have turned over the past couple of decades. During the storm, oil refining fell to its lowest levels since 2008. Only slightly behind China, as the world’s third largest oil importer and consumer, India is striving to increase its oil refining capacity by 60 percent to meet the country’s increasing oil demand.
‘A Very Big Problem.’ Giant Ship in the Suez Remains Stuck.
       
Mr. Mosselhy said teams of divers were already inspecting the hull and had not yet found damage. But in most other respects, the Ever Given had succumbed to Murphy’s Law: Everything that could go wrong did, starting with the ship’s size, among the world’s largest. “It was the biggest ship in the convoy, and she ended up in the worst part of the canal” — a narrow section with only one lane, Captain Sloane said. When a similarly sized ship, the CSCL Indian Ocean, ran aground near the port of Hamburg in 2016, it took nearly six days to clear the Elbe River. All this because, to put it simply: “This is a very big ship; this is a very big problem,” said Richard Meade, the editor in chief of Lloyd’s List, a London-based maritime intelligence publication.
Live Updates: Scramble Against Time to Free Ship Stuck in Suez Canal
       
Live Live Updates: Scramble Against Time to Free Ship Stuck in Suez Canal Days after the Ever Given became lodged in the canal, its rudder has been freed and dredging is complete. “Yesterday at 10:30 p.m., the rudder moved and the engines started rolling,” Lt. Gen. Osama Rabie, chief of Egypt’s Suez Canal Authority, said at a news conference on Saturday. MEDITERRANEAN SEA Port Said EGYPT Suez Canal Sinai Peninsula EGYPT SUEZ GULF 25 MILES MEDITERRANEAN SEA Port Said EGYPT Suez Canal EGYPT SUEZ GULF 25 MILES MEDITERRANEAN SEA Suez Canal EGYPT EGYPT SUEZ GULF 25 MILES “Look around you — 90 percent of what’s in the room came from China,” said Alan Murphy, the founder of Sea-Intelligence, a maritime data and analysis company. Video The Ever Given container ship on Saturday remained lodged in the Suez Canal in Egypt, where it had been stuck since Tuesday. A two-week Suez Canal delay could strand a quarter of the supply of containers typically found in European ports, one expert estimated.
Fall in Love with Lisa Rinna and Harry Hamlin's Sweetest Throwback Photos
       
The parents to Delilah Belle and Amelia Gray Hamlin have been married for more than 20 years, and their love is still as strong as ever
Biden signs $1.9T relief bill before speech to nation
       
Biden signs $1.9T relief bill before speech to nationAdded: 11.03.2021 20:35 | 17 views | 0 commentsSource: www.marketwatch.comThe signing came hours before Biden delivers his first prime-time address since taking office Marking a year of loss and disruption, President Joe Biden on Thursday signed into law the $1.9 trillion relief package that he said will help the U.S. defeat the coronavirus and nurse the economy back to health. The signing came hours before Biden delivers his first prime-time address since taking office. He’s aiming to steer the nation toward a hungered-for sentiment — hope — as he marks one year since the onset of the pandemic that has killed more than 529,000 Americans. “This historic legislation is about rebuilding the backbone of this country,” Biden said as he signed the bill in the Oval... More in article.wn.com » Economy Tags: President
Suez Canal's blockage 'major economic shock' for Europe and 'last thing' it needs
       
Suez Canal's blockage 'major economic shock' for Europe and 'last thing' it needsAdded: 27.03.2021 11:50 | 30 views | 0 commentsTHE SUEZ CANAL's blockage constitutes a "major macroeconomic shock for Europe" and it is the last thing the bloc needs, a political commentator has claimed.
EU hits 'breaking point' as member states scramble to stop rampant third Covid wave
       
Added: 27.03.2021 8:48 | 27 views | 0 commentsTHE EU has warned that the bloc faces losing control of its pandemic response as a third wave ravages several member states, leaving many countries, including Germany, "unable to cope" with the level of infection.
Thailand's pet groomer reopens as new coronavirus cases slow
       
Added: 05.05.2020 12:36 | 10 views | 0 commentsChewy and Miley, both two-year-old Schnauzer dogs, are getting their hair cut at a groomer in Bangkok for the first time since the new coronavirus outbreak began in Thailand in January.
Russian chefs in naked lockdown protest after virus strips them of income
       
Added: 09.06.2020 14:14 | 11 views | 0 commentsRussian restaurant owners stripped of their income by the coronavirus lockdown are campaigning for their businesses to be allowed to reopen by posting pictures of themselves naked on social media.
Man Arrested For Returning Used Enemas To CVS On A Regular Basis
       
Man Arrested For Returning Used Enemas To CVS On A Regular BasisAdded: 30.09.2020 6:06 | 8 views | 0 commentsSource: epeinternational.comA Florida man has been arrested for allegedly returning dozens of used enemas to a Jacksonville CVS. The Jacksonville Sheriff's Department launched an investigation after they were tipped off that a man had repeatedly been returning multiple saline laxative enemas to the same CVS. According to a release from the Sheriff's Department the suspect had been returning six pack containers of enemas for more than three months. CVS is contacting anyone they know purchased enemas from the store to return them immediately and in encouraging anyone with information to please come forward. More in feeds.inquisitr.com » Employees, CVS Tags: FloridaComments: Comments: Tags advertisingCopyright © 2008 - 2021 USweekly - all rights reserved Contact us
Zack Snyder’s Justice League: The visual effects challenges
       
Added: 27.03.2021 18:18 | 18 views | 0 commentsTwo Weta Digital experts explain how they updated the characters' look.
Phone companies 'must do more' to stop fraud calls
       
Phone companies 'must do more' to stop fraud callsAdded: 27.03.2021 18:18 | 8 views | 0 commentsA senior law enforcement officer says the UK needs "a step change" in its response to fraud.
Social Security, SSI, SSDI: Stimulus check details finally announced. Here's what to know
       
Added: 27.03.2021 15:00 | 19 views | 0 commentsThis week, the Social Security Administration and IRS broke down most of the ins and outs of how Social Security recipients will get stimulus money, after the administration sent missing payment files to the IRS that had been preventing tens of millions of people from getting their $1,400 check. Here's everything we know.
When will you get the $3,600 child tax credit? Here's when payments could arrive and how often
       
When will you get the $3,600 child tax credit? Here's when payments could arrive and how oftenAdded: 27.03.2021 14:00 | 22 views | 0 commentsIf you qualify for the 2021 child tax credit, within months you could start receiving payments. Here's what you need to know.
Where's my stimulus check? Track your $1,400 with IRS Get My Payment tool now
       
Where's my stimulus check? Track your $1,400 with IRS Get My Payment tool nowAdded: 27.03.2021 13:00 | 25 views | 0 commentsIf you're waiting for your third stimulus check to arrive, this free IRS app can help track down your payment -- but it can be tricky to understand and won't tell you everything.
Stimulus check timeline update: Everything to know about when your payment will arrive
       
Stimulus check timeline update: Everything to know about when your payment will arriveAdded: 27.03.2021 12:18 | 17 views | 0 commentsSource: didyouknowfacts.comTens of millions more stimulus checks are still set to arrive. Here's what that means and what happens if you're still waiting for your full or partial $1,400 payment. More in www.cnet.com »
Check my stimulus amount: Did the IRS send you the right size payment? How to know
       
Check my stimulus amount: Did the IRS send you the right size payment? How to knowAdded: 27.03.2021 20:18 | 9 views | 0 commentsWas your check calculated correctly, or will you need to claim more money later this year? With the $1,400 check, making sure you got the right amount is extra important because of this one thing.
Best Nintendo Switch accessories for 2021
       
Added: 27.03.2021 20:18 | 5 views | 0 commentsFrom controllers to charging to protection, here are our recommendations to keep you playing at your best.
Best car ramps for 2021
       
Best car ramps for 2021 - RoadshowAdded: 27.03.2021 20:18 | 6 views | 0 commentsSource: www.corvetteforum.comWhen you need to get under your car, ramps are a good alternative to jack stands. More in www.cnet.com »
2022 Infiniti QX55 driven, Genesis GV70 specs revealed and more: Roadshow's week in review
       
2022 Infiniti QX55 driven, Genesis GV70 specs revealed and more: Roadshow's week in review - RoadshowAdded: 27.03.2021 20:18 | 7 views | 0 commentsHere's a look at the most important stories from the week ending March 27.
U.S. Mail Delays Slow Delivery of Medicines
       
Added: 20.08.2020 19:33 | 13 views | 0 commentsIn addition to concerns over mail-in voting, the cost-cutting at the Postal Service affects the millions of people who get their prescriptions by mail.
Biden is betting on bigger government. The pandemic may be helping him.
       
Biden is betting on bigger government. The pandemic may be helping him. Added: 27.03.2021 15:17 | 20 views | 0 commentsThe president is adding to a massive expansion in government spending, hoping that public resistance to more spending has eased as the pandemic exposes untreated problems.
The Moneyist: I’m 60 and lost my job due to COVID-19. My husband makes $150K. We saved $1.3 million. Do I resign myself to early retirement?
       
The Moneyist: I’m 60 and lost my job due to COVID-19. My husband makes $150K. We saved $1.3 million. Do I resign myself to early retirement?
The Moneyist: My parents want to use $300,000 in retirement savings to pay off $160,000 left on their home. Is that a good idea?
       
The Moneyist: My parents want to use $300,000 in retirement savings to pay off $160,000 left on their home. Is that a good idea? Added: 27.03.2021 19:23 | 9 views | 0 comments‘I would like to be able to help them financially and be their safety net, but my means are limited.’
Where Should I Retire?: ‘I love guns, liberty and independence — and despise high taxes. Where should I retire?’
       
Where Should I Retire? : ‘I love guns, liberty and independence — and despise high taxes. Where should I retire?’Added: 27.03.2021 18:45 | 6 views | 0 commentsThis retiree is looking for some spots where he can ‘live and let live.’
The Moneyist: My husband and his ex-wife agreed that he could claim their kids on his taxes, but now she’s ‘demanding’ half their stimulus
       
The Moneyist: My husband and his ex-wife agreed that he could claim their kids on his taxes, but now she’s ‘demanding’ half their stimulusAdded: 27.03.2021 22:16 | 2 views | 0 comments‘I believe she didn’t adjust her budget when the alimony ended, and now she is looking for ways to receive more money from him.’
Biden's Policy Agenda: Virtue Signaling for Dummies
       
Added: 27.03.2021 12:16 | 13 views | 0 commentsCommentary Joe Biden and whoever is advising him or telling him what to do-I'll let others surmise-absolutely knew ...
Suez Canal: Fresh effort to refloat wedged container ship
       
Added: 27.03.2021 15:12 | 12 views | 0 commentsTugs are taking advantage of a high tide to try to dislodge the ship blocking a key shipping route.
San Francisco is guaranteeing monthly income for artists impacted by the Covid-19 pandemic
       
San Francisco is guaranteeing monthly income for artists impacted by the Covid-19 pandemicAdded: 27.03.2021 19:19 | 13 views | 0 commentsSan Francisco is launching a pilot program that will guarantee monthly income for artists affected by the Covid-19 pandemic.
We can't suspend evictions and foreclosures forever
       
We can't suspend evictions and foreclosures foreverAdded: 27.03.2021 14:59 | 20 views | 0 commentsSource: netrightdaily.comAs the coronavirus shuttered much of the nation's economy last year, policymakers imposed a moratorium on evictions and foreclosures to keep millions of families from losing their homes. As the nation's lockdown dragged on, they extended both, with the eviction moratorium now set to expire this week on March 31st, but likely to be extended again, and the foreclosure moratorium set to expire at the end of June. More in rss.cnn.com » Tags: Economy
Suez canal blockage could intensify shipping delays, lead to shortages of toilet paper, coffee and other consumer goods
       
There are virtually no alternative routes for shipping goods from Asia to Europe. Most producers of robusta coffee, used in Nescafe, ship the product through the canal. Oil shipments also may become ensnared in the crisis. About 1.9 million barrels of oil a day go through the canal, according to Lloyd’s List, a shipping journal. And the global shipping network has been clogged even as consumer demand has picked along with an easing pandemic.
34-year-old Bronfman heir snaps up $30M Santa Monica compound
       
Jeremy Bronfman ­– whose cousin Clare Bronfman gave $14 million to support the sex cult NXIVM – just dropped $29.4 million on a lavish Santa Monica compound for him and his wife, Stephanie Beck Bronfman. Bronfman, the 34-year-old grandson of the late billionaire Edgar Bronfman Sr., and son of Matt Bronfman, the Manhattan-based billionaire investor, bought the 1.1-acre compound that, according to Dirt.com, features a 1920s Spanish Colonial-style mansion with about 8,000 square feet of space. Jeremy Bronfman Hunt/McMullan/Sipa USAThe house itself has five bedrooms and seven bathrooms and the lawn abuts the Riviera Country Club’s golf course. Edgar Bronfman Sr. in his Seagram office. Before purchasing the compound, the Bronfmans rented a mansion a few blocks away for $30,000 a month.
Accused Boulder gunman Ahmad Al Aliwi Alissa was ‘laughing’ during massacre: report
       
The accused gunman in Monday’s mass shooting in Boulder was “laughing” as he murdered 10 people and terrorized shoppers inside a King Soopers grocery store, police and a witness said. Police also radioed: “This guy is laughing at us,” according to records reviewed by the Denver Post. “He hung up on me,” Semele Plentywolf told the Denver Post. “There has been a shooting at King Soopers. Alissa was taken into custody after firing a final fatal bullet at Boulder Police Officer Eric Talley.
My in-laws are underwater on their mortgage and their home is in disrepair. Should they just walk away and move in with us?
       
A short sale, even if a buyer would be willing to take on the issues, would be devastating to whatever savings they have. Your in-laws signed an agreement with the mortgage lender, so it’s understandable that your father-in-law feels duty-bound to hold up his end of the bargain. I also think you should reconsider a short sale, and see if your in-laws’ mortgage servicer would agree to a reduced amount to pay off the mortgage. A short sale or a deed in lieu would impact your in-laws’ credit, but it would still be less severe than the hit they’d take from a foreclosure. Those individuals could help negotiate the best-possible solution with your in-laws’ lender to ensure they emerge out of this situation in better shape.
I lost my job at 55 and started my own successful business. I now constantly get texts from friends and former coworkers asking how I did it. What do I do?
       
“ ‘I woke up every morning at 4 a.m. to research, research, research how best to use my resources and ended up starting a small business.’ ”I woke up every morning at 4 a.m. to research, research, research how best to use my resources, and ended up starting a small business. Once I started, I made mistakes and messed things up, but kept educating myself more and more. Now, I wake up each day and think, “I own a small business!” My hubby even took early retirement to partner with me. Several times a month, friends and prior coworkers reach out to us to ask how they too can get started in what we do. Post your questions, tell me what you want to know more about, or weigh in on the latest Moneyist columns.
Platinum Equity to Wrap $4 Billion Sale: U.S. Credit Week Ahead
       
(Bloomberg) -- Platinum Equity is poised to headline a robust calendar next week with a $4 billion acquisition financing package. The company is offering $2 billion in secured high-yield notes and a leveraged loan of the same amount to help fund the purchase of technology distribution firm Ingram Micro Inc. Syndicate desks are calling for $20 billion to $25 billion supply for next week, and sales are expected to be front-loaded ahead of the Good Friday holiday. Such delays are rare in the investment-grade debt market, where sales are typically wrapped up the same day they’re announced. Finally in the distressed debt market, Washington Prime Group Inc. and GTT Communications Inc. both face expiration dates for forbearance agreements on Wednesday.
Treasuries’ Worst Quarter Since 2016 Ends With Questions Aplenty
       
(Bloomberg) -- As bond traders wrap up the worst quarter for Treasuries since the aftermath of 2016’s surprise U.S. presidential election result, there’s no shortage of mystery surrounding what comes next. First and foremost, there’s the likelihood of another massive government-stimulus package -- featuring infrastructure spending, this time -- that could tally as much as $3 trillion. Traders are just starting to debate whether the tax increases expected to be included would offset the stimulative benefits to the economy, and how that calculation might play out in the world’s biggest bond market. The government will release March payrolls figures on the April 2 Good Friday holiday, when U.S. stocks are closed and the bond market is open for a half day. The reflation trade fueled by previous rounds of stimulus and ultra-loose Federal Reserve policy has Treasuries down 3.79% this year through March 25.
What comes next for the Post Office’s proposed changes, including slower delivery and higher prices
       
The United States Postal Service is a mammoth—hulking and hurtling towards extinction. Once a review has been completed by the Postal Regulatory Commission, the board of governors can implement those changes. Any price change would need to be approved by the Postal Service Governors and reviewed by the PRC. Managing the United States Postal Service is no small task. But the Postal Service hasn’t turned a profit in the 14 years since President George W. Bush’s 2006 Postal Accountability and Enhancement Act was signed.
'A win-win-win proposal': Banking and booze could save the U.S. Postal Service, experts say
       
Story continuesPorter McConnell, who runs the Save the Post Office Coalition, says it’s now time for postal banking to make a comeback. Last year, Sen. Kirsten Gillibrand, D-N.Y., and Sen. Bernie Sanders, I-Vt., introduced the Postal Banking Act, aimed at providing consumers with bank accounts and mobile banking services. In 2019, the union called for the launch of a pilot program, in which postal banking services could be tested in four locations. Just as McConnell believes postal banking could provide additional revenue for the Postal Service, she notes that shipping alcohol could also generate money for it. “There’s a history of the government messing with the post office and saying, ‘Look – it’s broken, you have to fix it.’ The post office is not broken.
Can landlords really ban marijuana edibles? Usually not, but that hasn’t stopped them from trying
       
One medical marijuana patient seeking housing said more than a dozen Massachusetts rental agents simply stopped responding when he asked if the landlords they represented might accommodate his consumption. Several medical marijuana patients even said restrictive lease provisions prompted them to resume using pharmaceutical drugs they had previously replaced with cannabis, despite suffering side effects. And along with the state’s prohibition on public consumption, they can essentially leave Massachusetts tenants with no legal place to use a legal substance. While state law is relatively clear on which marijuana restrictions landlords can and cannot impose, the status of state-registered medical marijuana patients remains murky. A lawsuit brought in 2019 by an Agawam couple facing eviction over their medical cannabis use ended inconclusively when they moved out.
Photos: No. 8 Loyola loses 65-58 to No. 12 Oregon State in the Sweet 16 of the NCAA Tournament
       
The kitchen includes a massive island, room for an eat-in kitchen table, and opens onto a family room with a stone fireplace. The first-floor office has double French doors and custom cabinetry, and additional office space is located in a dedicated room off of the kitchen. Agent: Robin Chessick of Jameson Sotheby’s International Realty, 847-641-4243*Some listing photos are “virtually staged,” meaning they have been digitally altered to represent different furnishing or decorating options. To feature your luxury listing of $800,000 or more in Chicago Tribune’s Dream Homes, send listing information and high-res photos to ctc-realestate@chicagotribune.com. Join our Chicago Dream Homes Facebook group for more luxury listings and real estate news.
Swiss billionaire Hansjörg Wyss joins bidding for Tribune Publishing
       
Under that plan, Bainum, a lifelong Marylander, agreed to establish a nonprofit group that would buy the Sun and two other Tribune-owned Maryland newspapers from Alden for $65 million. Soon after that agreement was reached, however, negotiations between Bainum and Alden stalled. That prompted Bainum, chair of Choice Hotels International, one of the world’s largest hotel chains, to make a bid March 16 for all of Tribune, beating Alden’s number with an offer of $18.50 a share.
Bolsonaro ordered to pay compensation to journalist
       
Brazilian President Jair Bolsonaro will have to pay 20,000 reais (about $3,500) to Patricia Campos Mello, a reporter with the respected daily Folha De S. PauloAdvertising Read moreRio de Janeiro (AFP)Brazilian President Jair Bolsonaro has been ordered to pay compensation to a journalist for making degrading remarks against her, according to a court document obtained by AFP on Saturday. According to the decision by a Sao Paulo court, Bolsonaro will have to pay 20,000 reais (about $3,500) to Patricia Campos Mello, a reporter with the respected daily Folha De S. Paulo. The circumstances of the case date back to February 2020, when Bolsonaro insinuated that Campos Mello had offered sex to a source in exchange for negative information about him. Campos Mello wrote several investigative stories on an organization that slandered Bolsonaro's opponents on WhatsApp during his 2018 presidential campaign. On January 21, she scored a legal victory against Bolsonaro's son, Edouardo, who was ordered to pay 30,000 reais ($5,600) in compensation for moral damage after claiming she "tried to seduce" a source for damaging information against his father.
California’s unemployment is at a pandemic low, a recovery ‘milestone’
       
California’s economic recovery gained pace in February as the state recouped jobs lost to a dire winter COVID-19 surge, bringing the unemployment rate to its lowest level since the onset of the pandemic last year, officials said. February’s unemployment rate is about double the 4.3% rate of February 2020, and the state has 1.6 million unemployed workers. Still, the state’s labor market continues to lag behind the nation’s, with the U.S. unemployment rate at 6.2% in February. California has the third-highest unemployment rate, tied with Connecticut after Hawaii and New York. Unemployment claims filed this month underscore the recovery challenge ahead, said Michael Bernick, a former director of the state’s Employment Development Department.
WHO Chief Blasts 'Grotesque' Vaccine Inequality as Rich Nations Block Speedy End of Global Pandemic
       
As rich nations like the United States and pharmaceutical companies face sustained calls to share Covid-19 vaccine knowledge, the head of the World Health Organization on Monday decried the "grotesque" global inequality of vaccine distribution. The gap in vaccine distribution, said Tedros, ultimately hurts all nations' effort to defeat the virus. A global pandemic requires a global effort to end it. "The covid-19 pandemic will not be over for us until it is over for everyone," the group tweeted. "We can end the Covid-19 pandemic this year," the group said.
Opinion | I fought California’s wildfires day and night. Then I was denied unemployment.
       
In the winter, if we can’t find other work, we rely on unemployment. As I soon discovered, the state’s already rickety unemployment system has been near collapse during the pandemic. By year’s end, nearly 45 percent of the California workforce had filed for unemployment benefits. Between March and September, unable to process hundreds of thousands of claims automatically, EDD used a painstaking manual review, the California state auditor reported. Amid the chaos, criminals took advantage of emergency measures such as the Pandemic Unemployment Assistance program.
‘I feel un-American’: I was broke in my 20s, and live in fear of debt. My wife wants to upgrade our home and life. What do I do?
       
Here’s my issue: My experience in my 20s has had a major impact on how I view debt and money. We live in a small condo because a $300,000 mortgage would just be hovering over me in my sleep. “ ‘My experience in my 20s has had a major impact on how I view debt and money. I don’t even know if I want to live here for the rest of my life. I feel un-American, refusing to take on house debt, car debt and credit-card debt so that neighbors in our suburbs can see that we have “nice” things.
Intel is ‘very ambitious’ but now comes the hard part
       
Intel Corp.’s new chief executive is feeling ambitious, and now analysts are wondering whether the company can follow through on its big plans. His comments indicated that Intel intends to remain an integrated device manufacturer (IDM) while also doing some outsourcing and launching a new foundry services business. Hopefully the massive outsourcing conversations cease, but Intel still needs to prove a path back to competitiveness with TSMC TSM, +5.53% . ”Ramsay raised his price target on Intel’s stock to $81 from $80 while reiterating an outperform rating on the stock. ASML shares are up 5.7%, while Lam Research shares are up 3.9%, and KLA shares are up 4.7%.
EU turns up the heat on Astrazeneca over vaccines
       
EU leaders voiced frustration on Thursday at the massive shortfall in contracted deliveries of AstraZeneca's vaccine. But the EU says it should share more, notably to help make up the shortfall in contracted deliveries of AstraZeneca shots. EU leaders, however, are divided about how tough a stance to take. But the EU says it should share more, notably to help make up the shortfall in contracted deliveries of AstraZeneca shots. EU leaders, however, are divided about how tougher stance to take.
Feds arrest armed Colorado man after remark about Boulder
       
IOWA CITY, Iowa — An Iowa gun store refused to sell a semi-automatic rifle to a heavily armed and agitated Colorado man after he said he was surprised his friends didn’t suspect he was the Boulder mass shooter, according to federal court documents released Friday. The Nebraska State Patrol initially arrested the self-described firearms enthusiast, Adam Vannoy, 40, on March 14 on Interstate 80 in Lancaster County. Six days later, on Tuesday, Vannoy tried to purchase an AR-style rifle from Sportsman’s Warehouse in Ankeny, Iowa, near Des Moines, the complaint said. In addition to denying the sale, the store notified the Bureau of Alcohol, Tobacco, Firearms and Explosives about his comments. Records show he told a Nebraska trooper during the stop that he was leaving Denver because his neighbors didn’t like him, he had a mental breakdown and quit his job.
How to be smart about taxes on bitcoin
       
Lots of crypto investors might be tempted to hide their heads in the tax-planning sand, and it's easy to see why. If it's held for longer, it generally qualifies for lower long-term capital gains tax rates.) and more about how to reduce the capital gains tax owed, or at least how to pay it later. The main way now to defer crypto tax bills for 2020 is to invest in an opportunity-zone fund. Any trading of the currencies within the account wouldn't be subject to capital gains tax — taxes would just be triggered when the money is withdrawn.
At least 26 shots fired in N. Portland; vehicles struck
       
Three cars were hit in a flurry of gunfire late Friday in North Portland, police said. Portland police responded to reports of shots fired in the area of North Williams Avenue and Monroe Street in the Eliot neighborhood at 11:25 p.m.Officers found a white Dodge Magnum with bullet marks crashed into three unoccupied parked cars. Two of the cars and a business were also struck by gunfire. At least 26 shots were fired, police said. Anonymous tips can be sent through Crime Stoppers of Oregon, which offers cash rewards for information that leads to arrests in unsolved felony cases.
Eurostar races to restructure debts to avoid summer collapse
       
Eurostar is in emergency talks with lenders to avoid a financial collapse this summer, when a £400m debt pile is due for repayment with the continent still in grip of coronavirus. The channel tunnel operator is this weekend in advanced discussions with a group of banks, including UK taxpayer-backed NatWest, to secure lifeline funding. Eurostar persuaded its banks, which also include Santander and France’s Credit Agricole, to lend it hundreds of millions of pounds last summer after passenger numbers fell 95pc. There is an option to extend for another 12 months, but this would require Eurostar to adhere to strict financial covenants such as retaining a minimum cash balance of £35m. Coronavirus restrictions, culminating in the UK Government’s current ban on overseas travel, continue to exacerbate the operator’s parlous financial position.
Asda slashes food prices in discount push
       
Asda has begun a discounting push and overhaul of its product ranges as the billionaire Issa brothers put their stamp on Britain’s number three supermarket. The chain told customers this month that it had slashed the prices of some ranges including desserts and baking products. Some product ranges are meanwhile due to be pared backed by as much a quarter. The Issa brothers, backed by private equity firm TDR, are understood to want to focus on low prices to go head-to-head with the German discounters Aldi and Lidl. One Asda supplier said they were braced for extra price cuts as they expected the Issas to “try to save some money somewhere”, and expressed concerns that food producers could be squeezed further.
US should challenge Mexico's ban on glyphosate and genetically-modified corn at the WTO
       
The decree bans glyphosate, a herbicide, as well as genetically-modified (GM) corn. That’s because this dispute is bigger than just glyphosate, GM corn or market access to Mexico. Mexico’s decree is no model of clarity. Mexico says glyphosate is a carcinogen, and that GM corn puts Mexico’s native corn at risk. Moreover, from 2009 to 2013 the government authorized 177 projects to research and experiment with GM corn.
Walmart’s Company Town of Bentonville, Arkansas
       
But the foundation’s self-appointed role of NWA’s regional developer actually functions as a three-pronged accumulation strategy for the Walton family. Walmart’s Urban Utopia For over a generation, Walmart’s massive, highly integrated distribution network has imposed itself across the global economy. Since 2003, Walton family members have injected billions into the Walton Family Foundation through twenty-one charitable trusts. Before building their Bentonville utopia, the Walton Family Foundation spent the bulk of its philanthropy dollars privatizing public education. Today, the Walton Foundation currently issues about $575 million in annual grants, with half of those going to NWA redevelopment projects.
World Bank to finance seven projects in Pakistan worth $1.3 billion
       
Pakistan and World Bank have reached an agreement to work on seven projects worth $1.3 billion, with an aim to improve social protection, infrastructure, and governance in the country, said a statement from the Ministry of Economic Affairs. The projects on which the government will be working on include the Crisis-Resilient Social Protection Programme (CRISP) worth $600 million, Locust Emergency and Food Security Project worth $200 million, the Khyber Pakhtunkhwa Human Capital Investment Project worth $200 million, Sindh Resilience Project worth $200 Million, Balochistan Livelihood and Entrepreneurship and Balochistan Human Capital Investment Projects worth $86 million, Supporting Institutional Interventions for Management of Refugees Project, worth $50 million. Secretary Ministry of Economic Affairs Noor Ahmed signed the financing agreements on behalf of the federal government, while representatives of Sindh, KP, and Balochistan signed their respective project agreements online. World Bank's Country Director Najy Benhassine signed the agreements on behalf of the World Bank. The country director assured his institution's continuous financial and technical support to Pakistan in a bid to promote inclusive and sustainable economic growth in the country.
How Useful Is Recycling, Really?
       
Project Drawdown, a nonprofit group that conducts reviews of climate solutions, includes recycling in its recommendations for reining in emissions. But it still reduces the use of virgin feedstocks, which Project Drawdown estimates can save up to an additional 2 million tons of CO 2 -equivalent. Read: The dangerous pile-up of artificial turfFor recycling to truly make an impact, however, it needs to be more effective. Americans might want to recycle, but a constant influx of new and hard-to-manage materials in the waste stream poses ongoing problems for facilities with aging infrastructure. This can be compounded by a lack of education and standardization: Recycling programs differ wildly, and people are often so enthusiastic about recycling, they toss items into a bin without verifying that they can, in fact, be recycled.
American Wealth Is Broken
       
When researchers from the institute looked at median wealth from 1983 to 2016 (adjusting for inflation), black families saw their wealth decrease by more than half, while white families saw theirs rise by 33 percent. While white families have a median wealth of $171,000, black families have a median wealth of just $17,600. Related Stories Black Wealth in the Age of TrumpIs It Unethical for People to Pass Their Wealth On to Their Children? Part of what I struggled with growing up is that my dad’s profession is the archetype of black wealth and success. But black wealth is not separate from American wealth—it is the definition of American wealth.
How Covid changed consumer banking and credit card use
       
Financial firm FIS Global investigated how the pandemic has impacted how consumers bank and use credit and unearthed some shifts in behavior. FIS head of next generation banking Andrew Beatty joined CNBC's "Trading Nation" to share the results. Consumers may have been opening bank accounts, but credit card usage fell sharply. There was some dramatic dips in what we saw for credit card ownership… 31% this time last year didn't have a credit card in that Gen Z category and now it's 55% and that's pretty significant, absolutely," he said. Payments innovation such as 'buy now, pay later' could bridge the credit gap for the younger generation who shirk traditional credit cards.
Mexican trafficker wanted by U.S. loses court appeal over extradition
       
MEXICO CITY (Reuters) - A Mexican drug trafficker who is one of the most wanted individuals by U.S. law enforcement has lost his final legal appeal against possible extradition to the United States, local media and authorities said on Saturday. Mexican newspaper Reforma said Rafael Caro Quintero, who is wanted over the 1985 kidnapping and murder of U.S. Drug Enforcement Administration (DEA) agent Enrique Camarena, had his appeal rejected by a court in Mexico City on Friday. U.S. prosecutors want to try Caro in the United States and are seeking his extradition. Caro is on the DEA’s most wanted list and has a reward of $20 million on his head. Reforma said judges at the Mexico City criminal court had by majority vote dismissed the veteran trafficker’s appeal that the crimes for which the United States wants to prosecute him were strictly a matter for Mexican justice.
My parents want to use $300,000 in retirement savings to pay off $160,000 left on their home. Is that a good idea?
       
I believe they have about $300,000 saved in their retirement and savings accounts. My parents want to use their retirement savings to pay off their mortgage in order to save money on interest. The lender pays the borrower, and to qualify your parents must have enough equity to pay off the loan. They can be cumbersome and costly; plus, your parents would have to pay interest and upkeep on their house. So you can see the overlap: downsizing and a cautious approach to plundering their retirement savings.
I’m 60 and lost my job due to COVID-19. My husband makes $150K. We saved $1.3 million. Do I resign myself to early retirement?
       
Do I just resign myself to an early retirement and depend on him, without being able to contribute to the household and a 401(k) and retirement funds? We have approximately $1.3 million in retirement accrued, not including our home’s value. We have a good relationship, but I’m afraid of being dependent on someone, even if it’s my husband. The Moneyist: ‘My husband told me that my $1,400 stimulus check will be spent on aluminum siding on our home.’ What can I do? Post your questions, tell me what you want to know more about, or weigh in on the latest Moneyist columns.
These money and investing tips can give you peace of mind when it looks like markets are going to pieces
       
Don’t miss these top money and investing features:Stock markets have been cooperative and April typically rewards the bulls. These money and investing stories, popular with MarketWatch readers over the past week, assess the current market environment and give you ways to respond, not react, whenever conditions change. This little known investment could double in seven years: GMOOne year after the 2020 market crash, are you prepared for another? Why ARK Innovation’s red-hot returns aren’t as impressive as they seemStatistical scrutiny brings this high-flying ETF down to earth. Staying calm amid market volatilityTax breaks most people missTax breaks are often wrapped up in a complex, ever-changing tax code.
Peacock is removing racist scenes from classic WWE matches
       
Now, policy makers have to thread between the need to meet a growth target of more than 6%, while paying heed to leadership calls for cleaner development. For metals, that puts decades of supply growth at risk.Concerns are already feeding through to markets. Aluminum futures in Shanghai are near the highest in a decade, while zinc’s at an almost two-year high. At the same time, iron ore has slumped on concerns production curbs at steel plants will hurt demand for the raw material.Energy HungryMetals production is an energy-intensive process. “It is going to slow down output growth of its giant metals market, and shift into high-value added products.
Can new gun violence research find a path around the political stalemate?
       
“There’s also suicide; there’s urban gun violence, which mostly affects minority young men; there’s family shootings; and there’s police shootings. “Millions of dollars have been put forth trying to figure out how do we eradicate cancer; we’ve got to be able to do the same with gun violence,” said Rep. Lucy McBath, D-Ga., who won election in 2018 by promising to end gun violence after her 17-year-old son was shot and killed. “We’ve got to be able to give the CDC and the NIH the ability to study the implications and get that raw data, the grave implications of gun violence,” she added, “just like we do in any other public health crisis.”Treating gun violence as a public health problem is not a new idea. AdvertisementAfter the recent development of coronavirus vaccines highlighted the importance of scientific research, Rosenberg said, the public is primed to accept the argument that gun violence research can save lives. That was the argument he used to help persuade Congress to appropriate money for gun violence research in 2019.
No timeline given for extracting wedged ship from Suez Canal
       
SUEZ, Egypt — A giant container ship remained stuck sideways in Egypt’s Suez Canal for a fifth day Saturday, as authorities made new attempts to free the vessel and reopen a crucial waterway whose blockage is disrupting global shipping and trade. Meanwhile, the head of the Suez Canal Authority said strong winds were "not the only cause" for the Ever Given running aground on Tuesday, appearing to push back against conflicting assessments offered by others. The massive Ever Given, a Panama-flagged ship that carries cargo between Asia and Europe, got stuck in a single-lane stretch of the canal, about 3.7 miles north of the southern entrance, near the city of Suez. "The combination of the (tug) boats we will have there, more ground dredged away and the high tide, we hope that will be enough to get the ship free somewhere early next week," he said. A crane was already on its way that can lift the containers off the ship, he said.
Gunman fires into crowd outside bar; 4 critically wounded
       
PHILADELPHIA (AP) — A man fired a handgun into a crowd of people outside a Philadelphia bar, injuring seven people, four of them critically, police said. The shooting Friday evening followed an altercation inside the Golf & Social sports bar, television news stations reported. Surveillance video showed the gunman firing into the crowd gathered on the side of busy Delaware Avenue north of downtown, across from a casino. Surveillance video showed several people around an SUV and a white sedan in the Rivers Casino Philadelphia parking lot across the avenue, authorities said. Police said they later found two handguns in the SUV, and they said the white sedan had been reported stolen.
Penny dreadful: Georgia man receives final paycheck in coins
       
ATLANTA (AP) — A Georgia man said his former employer owed him a pretty penny, $915 to be exact, after leaving his job in November. Atop the pile was an envelope with Flaten's final paystub and an explicit parting message. Flaten said he left his job at Peachtree City's A OK Walker Autoworks in November. He said he was owed the final check and had difficulty getting it, even turning to the Georgia Department of Labor to receive help. In mid-March, Flaten said as he left his house with his girlfriend he noticed the pile at the end of his driveway.
COLONIAL DOWNS
       
TOGETHER WE WIN 52,000 IN 52 WEEKS TO 52 WORTHY CHARITIES $ “Thanks Rosie’s! Helping those communities around us is at the core of our operational philosophy. We truly believe that high tides raise all ships and we are determined to add value to the communities in which we operate. Through the charitable program, Rosie’s Gives Back, Colonial Downs Group has made monetary and in-kind donations of more than $1,185,000, and has logged over 1,100 service hours in Virginia communities. Call the Virginia Help Line at 1-888-532-3500.
Milwaukee County drops marijuana possession fine to $1
       
Wisconsin's Milwaukee County this week approved a measure that reduces the fine for carrying small amounts of marijuana to $1. County board officials agreed to reduce the fine that was previously $275, but violators will still have to pay court fees that total $141, according to a local CBS News station. "[With] our existing ordinances, many people cannot afford the fines and fees associated with marijuana possession." The county's decision will have little effect on the larger city of Milwaukee and in surrounding suburbs, including West Allis and Wauwatosa, where marijuana possession fines can reach up to $500. County residents who are caught with larger amounts of marijuana will still face more severe penalties, the news outlet reported.
The Ever Given container ship was reportedly travelling faster than Suez Canal speed limit before running aground
       
The Ever Given's speed was 13.5 knots before it ran aground, The Japan Times reported. Bloomberg reported the Suez Canal speed limit was between 7.6 knots and 8.6 knots. Moments before it ran aground, the Ever Given was apparently travelling faster than a speed limit set by the Suez Canal Authority, Bloomberg reported. The 1,300-foot container ship ran aground early Tuesday morning amid high winds and a dust storm. The Suez Canal Authority said in a statement on Thursday that eight large tugboats were working to refloat the vessel.
ViacomCBS, Discovery plunge due in part to forced liquidation of Archegos Capital positions
       
The ViacomCBS logo is displayed on the Nasdaq MarketSite to celebrate the company's merger, in New York, December 5, 2019. Some of the severe selling pressure in select U.S. media stocks and Chinese internet ADRs on Friday was due to the forced liquidation of positions held by the multibillion dollar family office, Archegos Capital Management, according to a source with direct knowledge of the situation. Archegos Capital was founded by the former Tiger Management equity analyst, Bill Hwang. ViacomCBS and Discovery closed down more than 27% on Friday, with Viacom off more than 50% for the week while Discovery slid 45%. CNBC has also reached out to Teng Yue.
Three ways to manage your high-yield investments as interest rates rise
       
High yield, low visibility. That's how many investors are feeling about high-dividend securities these days as interest rates edge higher and U.S. economy shows signs of recovery. Historically, high-yield investments tend to outperform the S&P 500 in the three years following a recession, Isaac Braley, the president of BTS Asset Management, told CNBC's "ETF Edge" this week. Stocks can jump off into the future very easily, but high yields have a maturity date attached to them. "Upgrades are outpacing downgrades right now in high yield.
Are you claiming a 2020 stimulus payment on your taxes? The IRS will no longer seize it for unpaid debts — but there are exceptions
       
The IRS decision only prevents money being held back to pay federal debts, such as unpaid federal taxes or defaulted student loans. “ The IRS decision prevents money being held back to pay federal debts, like unpaid federal taxes or defaulted student loans. “ There’s still ‘a significant disparity’ in the treatment of people who already received their stimulus money and those claiming now. The people getting their economic stimulus payment during the initial distributions did not face the same offset rules, she noted. As a result, there’s still “a significant disparity” in the treatment of people who already received their economic stimulus payment and the people who are claiming it now.
A bitcoin winter ahead? Crypto expert predicts just that, but after digital asset hits $300,000 at end of 2021
       
Bitcoin prices could reach $300,000 soon — but then sink into a dark period, if history is any gauge, according to one expert. “I don’t know if history will repeat itself but what we do know is that bitcoin bull market cycles come every four years and this is a big one,” Lee said. Lee predicted that bitcoin could hit $100,000 by the end of the summer and possible touch $300,000 by the end of 2021. “Bull-market cycles come and go and after a bull-market peak, inevitably it can go down by quite a bit and that’s when the bubble bursts,” Lee said. “In the crypto industry, we call it bitcoin winter and it can last for two to three years.
This man became financially independent at 36 and says the key to happiness is ‘owning your own time’
       
Now, thanks to those lessons in real estate, he’s financially independent, managing rental units and living life on his terms. The 39-year-old landlord, who was born and raised in Toronto, Canada, reached $1 million Canadian dollars, or approximately US$791,000, in 2019, though he felt he had reached financial independence even sooner. Financial independence has gifted him the ability to craft his own schedule, and not rely on a job to pursue his interests. Of course, there are caveats to using real estate as a major stream of income. But there are also ways to maximize earnings with real estate.
For sale: Newly remodeled homes, in Waltham and Hingham
       
A wall of windows above the farmhouse sink overlooks the yard. The open living room features a gas fireplace and interior shutters. Upstairs, three bedrooms share a quartzite tile bath with soaking tub. The living room — with fireplace, hardwood floors, and picture window — is open to a catalog-caliber kitchen with soapstone counters, floating reclaimed-wood shelves, picket-tile backsplash, and oversized island. Nearby, two bedrooms share a bath with stylish tile; the primary bedroom has a luxurious bath featuring brass fixtures.
Home sales in Santa Clara & San Mateo counties, March 27
       
1941 McDaniel Ave., San Jose 95136; sold March 5 for $2,525,000; 2908 square feet, 3 bedrooms, 3 bathrooms. Two-story Colonial Revival built in 1967; extensive remodeling in 2015. Folding glass doors in kitchen/family room open onto covered back patio with fireplace, grill, gas heaters. Previous sales $980,000 in 2012 , $1,050,000 in 2006, $715,000 in 2001, $398,000 in 1990. Click here to browse previous weeks’ transactions, as well as those from Alameda and Contra Costa counties.
Feds: Agents found 97 lbs of meth in car gas tank at the border, on its way to Bay Area
       
SAN JOSE — Federal authorities arrested a man on federal charges that allege he was caught transporting 97 pounds of methamphetamine concealed in the gas tank of his car, then jumped bail after being released, court records show. Edgar Gonzales was arrested in Santa Clara County on March 23, in connection with a federal warrant out of San Diego. That resulted in a second search warrant and his March 23 arrest, according to court records. During an inspection at the border, federal agents noticed the gas tank of the Dodge seemed “unusually solid,” according to the charging records. They discovered 40 packages hidden inside a secret compartment within the tank, where the 97 pounds were hidden, according to court records.
Suez Canal steps up efforts to free stuck vessel, U.S. watches energy market impact
       
The Suez Canal Authority (SCA) said efforts to free the ship by tug had resumed following the completion of dredging operations at its bow to remove 20,000 cubic metres of sand. Oil rose over 3% on Friday as more than 30 oil tankers have been waiting on either side of the canal since Tuesday, shipping data on Refinitiv showed. Data intelligence firm Kpler said 10 crude oil tankers were awaiting entry to the canal. Egypt’s SUMED pipeline operator approached crude traders to see whether they wanted to book space in the system but so far traders prefer to wait to avoid high additional costs. (Graphic: Black Sea to Mediterranean fuel shipping rates jump as traders try to bypass blocked Suez Canal.
What the 2021 Suez Canal Blockage Reveals About the History and Politics of Global Shipping
       
On the morning of March 23, a gargantuan freighter laden with containers , heading north to the Mediterranean, ran aground in the Suez Canal. A strong gust and the hydrodynamics of shallow waters pushed the merchant vessel Ever Given into the east bank of the canal. Ironically, as my new book explains, the most dramatic leaps in ship sizes were precipitated by Suez Canal politics in the 1950s and 1960s. Decades later, it's the vast size of the ship that makes refloating it so difficult. Egyptian officials appeared confident the canal could reopen within days, while salvage engineers cautioned that freeing the stuck ship might take weeks.
Saudi offers to allow fuel ships in Yemen peace proposal, after CNN investigation exposes toll of blockade
       
Abu Dhabi, UAE (CNN) Saudi Arabia's top diplomat has announced a UN-backed proposal to end the six-year conflict in Yemen, including an offer of a ceasefire and the lifting of a Saudi-imposed sea and air blockade on the Iran-backed Houthi rebels. This proposal follows a recent CNN investigation which revealed that not a single oil tanker has been able to dock in the Houthi-controlled port of Hodeidah this year because of the blockade enforced by Saudi warships. CNN's investigation triggered calls from the UN Yemen Envoy Martin Griffiths and WFP Chief David Beasley for Saudi Arabia to lift its blockade and allow fuel into the country. His statement marked the first time that Saudi Arabia has publicly acknowledged obstructing fuel ships into Hodeidah, which the UN calls "unacceptable" on humanitarian grounds. Saudi Arabia said that the initiative is pending acceptance by both the Houthi rebels and Yemen's internationally recognized government, which has Saudi backing.
Volkswagen recalls Audi A3s on passenger air bag concerns
       
Volkswagen is recalling more than 150,000 Audi cars because of concerns that the passenger side airbag might not activate, according to Reuters and Bloomberg reports. The air bag might mistakenly be switched off even though the passenger seat is occupied, according to the NHTSA filing, dated March 22, the reports said. Neither Volkswagen nor NHTSA immediately responded to requests for more information. Volkswagen will contact the vehicle owners by May 21, and again once there’s a solution. Chips and cars:Why could you soon pay more for a used car?
Looking for affordable car insurance? Take these 5 steps now
       
And while you're comparing auto insurance premiums, keep these money-saving tips in mind:Shop around for the best car insurance provider Bundle homeowners insurance policies with auto insurance Consider safe driving courses or certifications Call the insurance company to find other ways to save Choose carefully when seeking affordable car insuranceHOW TO PREPARE FOR POST-PANDEMIC AUTO INSURANCE HIKES1. Shop around for the best car insurance providerWhat you pay for car insurance is largely based on driving history, from a clean driving record to moving violations to collisions. Finding the right car insurance company with the best auto insurance rates is a must for saving money. For example, you may be able to bundle your car insurance coverage with renter's insurance or life insurance. Call the insurance company to find other ways to saveThe most effective way to save money on car insurance may be simply to ask your insurance company what options are available.
Man who became a millionaire after living on $200 a month says these are the downsides of a windfall
       
Loren Krytzer walked into a California auction room broke and unemployed, surviving on disability checks. He had been scraping by, living in a shack on the edge of California's Liona Valley, having lost a leg to a near-fatal car accident. As Krytzer explains, those are some of the biggest downsides to a windfall. Loren Krytzer, 53, hikes with his wife Lisa. John Moran Auctioneers |And yet, with all the problems that came with the windfall, Kryzter says the positives have outweighed the negatives.
ViacomCBS, Discovery plunge due in part to forced liquidation of Archegos Capital positions
       
The ViacomCBS logo is displayed on the Nasdaq MarketSite to celebrate the company's merger, in New York, December 5, 2019. Some of the severe selling pressure in select U.S. media stocks and Chinese internet ADRs on Friday was due to the forced liquidation of positions held by the multibillion dollar family office, Archegos Capital Management, according to a source with direct knowledge of the situation. Archegos Capital was founded by the former Tiger Management equity analyst, Bill Hwang. ViacomCBS and Discovery closed down more than 27% on Friday, with Viacom off more than 50% for the week while Discovery slid 45%. CNBC has also reached out to Teng Yue.
Beware, home buyers: A record number of homes are selling above their asking price
       
A new report from real-estate brokerage Redfin RDFN, -0.22% found that 39% of homes sold above their listing price during the four-week period ending March 21, an all-time high. The median home-sale price was $331,590, Redfin reported, which represented a 16% increase from a year ago. “It’s concerning how much home prices have risen during the pandemic,” Redfin chief economist Daryl Fairweather said in the report. The competition in the real-estate market now underscores the need to build more homes, Fairweather argued. “America needs an audacious goal to increase the housing supply, given the U.S. is short 2.5 million homes,” she said.
Opinion: Biden will regret the $1.9 trillion stimulus because it squanders the money he’ll need for other priorities
       
President Joe Biden’s $1.9 American Rescue Plan will certainly give the economy a jolt, but he may regret not spending the money differently. In 2020, COVID spending raised the federal deficit to $3.1 trillion in 2020 from $1 trillion in 2019. Its balance sheet increased $3.2 trillion and pushed interest rates on 10-year Treasuries TMUBMUSD10Y, 1.684% below 1%. Higher interest rates could easily become for our generation what the tea tax was for colonial Boston or the Salt Tax in the French Revolution. On top of his $1.9 trillion stimulus, Biden now wants another broad package to improve private-sector competitiveness—infrastructure, aid the transition to green energy and electric vehicles, and industrial polices to meet the China challenge.
Morocco expects 4.2 million COVID-19 vaccine doses soon, officials say
       
Nigeria’s dependence on low-cost gasoline threatens to scupper a year-long effort to phase out fuel subsidies. And this year’s 20% rally in oil prices has only kept those subsidies flowing. Government recovery funds for production alone surpassed the $264 billion earmarked for clean energy, according to energypolicytracker.org. In 2019, fossil-fuel subsidies for consumers and producers totaled $468 billion in 2019, according to the OECD.“It is very uneven. “It’s an added economic burden.”One problem with subsidies is they have a “mechanical effect” and cost more as soon as international prices rise, said Girouard.
NY mall faces financial woes from theme-park investments, but vaccine rollout gives hope
       
Efforts to woo back customers with amusement park features like mini-golf, laser tag and Ferris wheels have been disrupted by pandemic-driven restrictions. These entertainment extravaganzas cost some malls billions of dollars, and as bills are coming due, malls are sitting in dire straits. As a result of the default, lenders JP Morgan and Goldman Sachs are taking a 49% stake in both the Mall of America, the country’s largest shopping mall, as well as the West Edmonton Mall in Canada. Even though the mall has been open since July, attractions like the Ferris wheel have been closed for over a year. “The return of entertainment venues like the Ferris wheel here at Palisades [Center] is giving renewed hope to industry insiders,” Hu said.
No timeline given for extracting wedged ship from Suez Canal
       
The massive Ever Given, a Panama-flagged ship that carries cargo between Asia and Europe, got stuck in a single-lane stretch of the canal, about six kilometers (3.7 miles) north of the southern entrance, near the city of Suez. A Dutch salvage firm is attempting to refloat the vessel with tugboats and dredgers, taking advantage of high tides. Peter Berdowski, CEO of Boskalis, the salvage firm hired to extract the Ever Given, said the company hoped to pull the container ship free within days using a combination of heavy tugboats, dredging and high tides. “The combination of the (tug) boats we will have there, more ground dredged away and the high tide, we hope that will be enough to get the ship free somewhere early next week,” he said. A crane was already on its way that can lift the containers off the ship, he said.
Bend police acknowledge canine name change after criticism
       
“We addressed it previously, internally, and the dog’s name is Kim,” Krantz said. The chief called “Lil’ Kim” the dog’s “nickname,” which he said stems from her petite size relative to other K-9s with the force. As recently as last month, Central Oregon media outlets reported that Lil’ Kim bit a suspect on the run from Bend police. A week later, on Feb. 28, officials called Lil’ Kim and her handler to help apprehend a domestic violence suspect, according to a police press release. One of COBLA’s goals as a nonprofit is to build trust between Black community members and law enforcement, Waites said.
Martin Bashir says he showed off fake bank statements after meeting Princess Diana
       
A letter from Princess Diana to Bashir - and passed to the inquiry - asserts that she was never shown the bank statements. In a separate statement given in 1996, Mr Wiessler said he was asked to “reconstruct documents by Martin Bashir” in October 1995. But then had the bank statements mocked up at a later date to corroborate his false claims. According to reports that claim prompted an angry response from Earl Spencer who has threatened to sue the corporation. Earl Spencer has also claimed Bashir waved around other fake bank statements purportedly showing payments to Patrick Jephson, Princess Diana’s private secretary, and to Richard Aylard, Prince Charles’s private secretary, at his first meeting with Princess Diana.
Designer furniture, live animals, oil and gas: Here's what is stuck in the Suez Canal jam
       
The cargo ship wedged in the sand and blocking the Suez Canal may be on the other side of the world, but its affects are global. The shipping expert Lloyd's List estimates the closure caused by the Ever Given is disrupting more than $9bn (£6.5bn) worth of goods that should be passing through the waterway ever day. Experts working round-the-clock to free the cargo ship - which has been jammed for five days - have managed to budge its stern and get its rudder and propeller to work again, but it is still wedged in the sand. More than 54.1 million tonnes of cereal passed through in 2019. It ran aground on Tuesday morning amid high winds and a sandstorm that affected visibility.
Salvager hopes to free ship blocking Suez Canal by start of next week
       
Share this Story: Salvager hopes to free ship blocking Suez Canal by start of next weekSalvager hopes to free ship blocking Suez Canal by start of next week About 15 per cent of world shipping traffic passes through the canal, and hundreds of vessels are waiting to pass through the waterway once the blockage has been cleared Photo by Satellite imageArticle content A giant container ship grounded in the Suez Canal could be freed by the start of next week if heavier tugboats, dredging and a high tide succeed in dislodging it, a Dutch firm working to free the vessel said. Try refreshing your browser, or Salvager hopes to free ship blocking Suez Canal by start of next week Back to video About 15 per cent of world shipping traffic passes through the canal, and hundreds of vessels are waiting to pass through the waterway once the blockage has been cleared. Dredgers had removed some 20,000 tonnes of sand from around its bow by Friday, but tugging operations to free the ship were suspended overnight. Boskalis owns Smit Salvage, which was brought in this week to help with efforts by the Suez Canal Authority (SCA) to dislodge the ship. Boskalis and Smit Salvage have warned that using too much force to tug the ship could damage it.
Russian Police Break Up Weeklong Anti-5G Protests
       
Anti-5G activists set up tents to prevent works at the construction site in the Yekaterinburg district of Uralmash last Tuesday, arguing that the tower is unsafe for locals and illegal. Police in Russia’s fourth-largest city of Yekaterinburg have broken up weeklong protests against the construction of a 5G wireless technology tower, local media reported Monday. According to photographs published by the 66.ru news website, workers returned to the construction site after law enforcement officers threatened to detain the protesters. The latest protests follow similar demonstrations against 5G towers across Russian towns and villages in recent years. Online conspiracy theories linking the spread of the coronavirus pandemic to the ultrafast wireless technology have also flourished recently.
Two Die After Tree Crushes Car on 199, Says CHP – Redheaded Blackbelt
       
On March 25, 2021, at approximately 1149 hours, a 2016 Honda Accord, driven by a 36 year old male from Yreka, CA. when a large redwood tree fell from the east side ofUS-199. The large tree fell directly on top of the 2016 Honda, completely crushing the passenger compartment. The driver and 45 year old passenger suffered fatal injuries as a result. This crash is still under investigation,The following agencies responded to assist at the scene: California Highway Patrol, Cal-Trans, Del Norte County Sheriffs Department, National Park Service, Crescent City Fire and Rescue, Del Norte Ambulance.
No timeline given for extracting wedged ship from Suez Canal
       
SUEZ, Egypt -- A giant container ship remained stuck sideways in Egypt’s Suez Canal for a fifth day Saturday, as authorities made new attempts to free the vessel and reopen a crucial waterway whose blockage is disrupting global shipping and trade. Meanwhile, the head of the Suez Canal Authority said strong winds were “not the only cause” for the Ever Given running aground on Tuesday, appearing to push back against conflicting assessments offered by others. Peter Berdowski, CEO of Boskalis, the salvage firm hired to extract the Ever Given, said the company hoped to pull the container ship free within days using a combination of heavy tugboats, dredging and high tides. “The combination of the (tug) boats we will have there, more ground dredged away and the high tide, we hope that will be enough to get the ship free somewhere early next week,” he said. A crane was already on its way that can lift the containers off the ship, he said.
Harvard punishes professor Martin Nowak over Jeffrey Epstein ties
       
Harvard University moved to officially sanction a professor over his close ties to Jeffrey Epstein. Martin Nowak, a math professor, will be barred from starting new research projects and will have sharply reduced access to undergraduate and post-doctoral students for at least two years, according to a memo sent to students and faculty by Harvard Dean Claudine Gay. Nowak’s Program for Evolutionary Dynamics — which previously accepted $6.5 million in Epstein cash — will be shut down, Harvard Magazine reported. The carte blanche access to one of America’s most prestigious universities came after Epstein’s 2008 conviction for sex crimes in Florida. Martin Nowak will be barred from starting new research projects.
Suez Canal mishap puts battered supply chains under more pressure
       
About 13 percent of world trade passes through the Suez Canal, according to Allianz, an investment firm. AD“This week it’s the Suez Canal that’s clogged up, next week who knows what’s going to happen,” Jose Boisjoli, chief executive of BRP Inc., told investors this week. ADThe Suez Canal opened for navigation in 1869, completing a dream that had eluded the pharaohs, the Romans and Napoleon Bonaparte. Over the next several weeks, freight forwarders will negotiate their annual contracts with retailers and manufacturers that rely on global supply chains. Executives also have increased their “safety stock” of inventory to cope with supply chain interruptions.
Inside a rent-stabilized $1,300/month 2-bedroom apartment in NYC
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside a rent-stabilized $1,300/month 2-bedroom apartment in NYCHattie Kolp, 29, lives in a 2-bedroom rent-stabilized apartment in New York City's Upper West Side. Hattie has been living in this apartment since age 10. She is a special education teacher and part-time interior designer and Instagram blogger. Unlocked is a new home tour series focused on how much people spend on their housing, what they get for the money and what they had to sacrifice to make it happen.
Bill Gates says people with these 3 skills will be successful in the future job market
       
Iconic tech entrepreneur and Microsoft co-founder Bill Gates is obsessed with the future. He frequently works with inventors and industry disrupters, reads books about the future of humanity and funds projects to advance communities. Workers proficient in those subjects will be "the agents of change for all institutions," Gates tells LinkedIn Executive Editor Daniel Roth. "I do think of basic knowledge of the sciences, math skills, economics — a lot of careers in the future will be very demanding on those things," Gates says. You don't have to be an expert in coding or the periodic table, but having the ability to think the way these experts do will help you tremendously.
Billionaire Warren Buffett: This is the 'one easy way' to increase your worth by 'at least' 50 percent
       
Legendary investor and billionaire Warren Buffett has a tip for young people: Focus on learning how to write and speak clearly. "The one easy way to become worth 50 percent more than you are now — at least — is to hone your communication skills — both written and verbal," says Buffett in a video posted on LinkedIn on Monday. "If you can't communicate, it's like winking at a girl in the dark — nothing happens. You can have all the brainpower in the world, but you have to be able to transmit it," Buffett continues. "And the transmission is communication," says Buffett, who is currently worth more than $86 billion, according to Forbes.
Inside a $1,300 a month rent-stabilized two-bedroom apartment in Manhattan
       
Many New Yorkers dream about getting to live in a coveted rent-stabilized apartment — because it means that rent is often unfathomably cheaper than market value. When Kolp and her parents moved into the 1,500-square-foot two-bedroom apartment in 2002, they paid a little less than $1,000 a month. Today Kolp's rent is $1,300 a month. To put that in perspective, the median asking rent for a two-bedroom apartment in the Upper West Side is $4,000 a month, according to StreetEasy data from Feb. 2021. "It's the hugest blessing of my life because I would not be able to afford an apartment of the size on my teacher salary."
Vietnam sees foreign investment rise to $4.1 billion in first quarter
       
FILE PHOTO: Women work at Hung Viet garment export factory in Hung Yen province, Vietnam December 30, 2020. REUTERS/KhamHANOI (Reuters) - Vietnam received $4.1 billion in foreign direct investment (FDI) in the first three months of 2021, up 6.5% from a year earlier, government data showed on Saturday. Companies with investment from foreign firms account for about 70% of the southeast Asian country’s exports. FDI pledges — which indicate the size of future FDI disbursements — rose 18.5% from a year earlier to $10.13 billion in the January-March period, the government said in a statement. Singapore was the top source of FDI pledges in the period, followed by Japan and South Korea.
Value stocks are so in favor they’ve become momentum stocks
       
“This is the holy grail of quant and Value investing!” the Bernstein analysts wrote. Many investing models, they note, have been “built to overweight stocks where there is agreement between Value and Momentum – i.e. to overweight stocks which are cheap but which also have earnings momentum and/or price momentum. See: Value stocks are making a comeback. ALLY, +0.77%The Bernstein analysts note that the backdrop for this value rotation “is very different to any period in history.
Gig workers face tax change from Democrats’ $1.9 trillion stimulus package
       
Supporters of the shift say it’s about helping workers document their income so they can later get Social Security and other benefits. Bruckner criticized those who have painted the change as levying new taxes on gig workers. “These are existing taxes that people haven’t been compliant with, because they don’t get these forms,” she told MarketWatch. “Now we have learned that bringing this bill to the floor was actually delayed because Democrats were adding a new cash grab — drastically lowering the threshold at which gig workers receive a 1099-K,” Smith said. “There is not a single, reliable, regular measure of gig work and the gig workforce, and this would help to start to develop that understanding,” she said.
New attempts planned to free huge vessel stuck in Suez Canal
       
A giant container ship remained stuck sideways in Egypt’s Suez Canal for a fifth day Saturday, as authorities prepared to make new attempts to free the vessel and reopen a crucial east-west waterway for global shipping. The massive vessel got stuck in a single-lane stretch of the canal, about six kilometers (3.7 miles) north of the southern entrance, near the city of Suez. He said he remained hopeful that a dredging operation could free the ship without having to resort to lighten it by removing its cargo. Some vessels began changing course and dozens of ships were still en route to the waterway, according to the data firm Refinitiv. Apparently anticipating long delays, the owners of the stuck vessel diverted a sister ship, the Ever Greet, on a course around Africa instead, according to satellite data.
Leon Black Is Stepping Down From MoMA Chairman Role, NYT Reports
       
Black, 69, has indicated he won’t stand for re-election as chairman of the Museum of Modern Art in New York, according to the New York Times, which cited two people with knowledge of his decision. It found no evidence of wrongdoing by Black, but he later relinquished both the CEO and chairman roles. “The last weeks and months have been deeply trying for me and my family,” Black wrote in a letter to the Apollo board. He and his wife gave $40 million for an expansion in 2018, the same year he was elected chairman. Story continuesFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.
Jeff Bezos' investment fund is backing a startup hoping to be the AWS for SMB accounting
       
Three-time co-founders Waseem Daher, Jeff Arnold, and Jessica McKellar formed Pilot with the mission of affordably providing back office services to startups and SMBs. Bezos Expeditions -- Amazon founder Jeff Bezos’ personal investment fund -- and Whale Rock Capital (a $10 billion hedge fund) co-led the round, which also included participation from Sequoia Capital, Index Ventures, Authentic Ventures and others. Story continuesIronically, Pilot says it aspires to the “AWS of SMB backoffice.” (In fact, co-founder Waseem Daher started his career as an intern at Amazon). Whale Rock Partner Kristov Paulus said that white-glove customer service experience and Pilot’s “carefully-engineered” software make a powerful combination. “We look forward to supporting Pilot in their vision to make back office services as easy-to-use, scalable, and ubiquitous as AWS has with the cloud,” he said.
Facebook freezes Venezuela president's page over false COVID-19 claims
       
Tom Essaye, founder of Sevens Report Research, said Friday the stock market rally has been supported by four major pillars over the past year. Unfortunately, two of those pillars may now be cracking, putting the market at risk in the near-term. Essaye listed the following four bullish catalysts as pillars of the stock market rally over the past year. The U.S. government has already spent about $6 trillion in stimulus to prop up the economy throughout the pandemic downturn. The recent $1.9-trillion stimulus package will likely be the last one, and Essaye said this stock market pillar is now cracked.
Here's why your taxes may be so much harder this year
       
Unemployment benefitsWith millions of Americans receiving unemployment benefits in 2020, how those benefits are taxed just got more complex. Unemployment benefits are subject to federal income taxes and potentially state income taxes if you don't live in one of the states that don’t impose income taxes at all or one that doesn't tax unemployment benefits. If you didn't have those taxes withheld from your jobless benefits payments, you may end up owing taxes. Thirty-five states are expected to collect a total of $12.7 billion in additional state income taxes from unemployment benefits. Nine states don't have state income tax, while another six exempt jobless benefits from their income tax.
How to Invest in Meme Stocks Cautiously
       
In the latest episode of Coffee With Katherine, Hayley Sacks, also known as Mrs. Dow Jones joins Katherine Ross to talk all things Reddit, social media investing and financial planning.
Suez Canal traffic halt could raise prices of goods, jolt US economy
       
The Suez Canal is the world’s second-most important waterway, constituting about 10% of global trade. About 19,000 vessels, or 51.5 vessels per day, passed through the Suez Canal last year, according to Suez Canal Authority data. SUEZ CANAL BLOCKAGE: COFFEE, OTHER GOODS AT RISK OF PRICE HIKESEnergy prices have shot up as a result of the blockage of the Suez. The threat of an even bigger surge in oil prices has the Biden administration worried about “potential impacts on the energy market,” said White House Press Secretary Jen Psaki. A further increase in shipping costs due to the Suez Canal’s blockage “will do little to dent demand,” Dickens added.
U.S Attorney Ariana Fajardo Orshan resigns after more than two years of prosecutions in South Florida
       
“Serving as your United States Attorney has been the privilege and honor of my lifetime. As the first Senate-confirmed woman to lead the office, I find it moving that my tenure ends in March, the month during which we celebrate women’s contributions to society.”
Giant container ship still stuck in Suez Canal; new attempts to free vessel planned
       
SUEZ, Egypt — A giant container ship remained stuck sideways in Egypt’s Suez Canal for a fifth day Saturday, as authorities prepared to make new attempts to free the vessel and reopen a crucial east-west waterway for global shipping. The massive vessel got stuck in a single-lane stretch of the canal, about six kilometers (3.7 miles) north of the southern entrance, near the city of Suez. He said he remained hopeful that a dredging operation could free the ship without having to resort to lighten it by removing its cargo. Shoei Kisen, the company that owns the giant container ship said the company was considering removing containers to lighten the vessel if other refloating efforts fail. Apparently anticipating long delays, the owners of the stuck vessel diverted a sister ship, the Ever Greet, on a course around Africa instead, according to satellite data.
On the market: Homes with a dramatic fireplace, the most touted feature in Portland’s real estate listings
       
On the opposite end of the rankings, pools are mentioned in 20% of U.S. listings, but only 5.5% of Portland listings. In this week’s real estate gallery, we look at homes for sale with dramatic fireplaces. Wind Ridge Dr. in Portland’s Forest Park neighborhood is listed by Suzann Baricevic Murphy of (w)here, Inc.(W)here, Inc.Towering modern fireplace wall: 9912 N.W. in Portland's Forest Park neighborhood is listed by Juli Martin of Luxe Christie's International Real Estate.Luxe Christie's International Real EstateClassic fireplace: 6220 N.W. See more homes for sale in the 97209 zip code— Janet Eastman | 503-294-4072jeastman@oregonian.com | @janeteastmanWant to search Oregon real estate listings and use local resources?
Mayor Ginther, Columbus city leaders pledge more efforts to address reduce violence
       
Mayor Andrew J. Ginther announced Tuesday the expansion of several initiatives and creation of others to help stop the violence in the city, particularly among young people. More:Ginther: Columbus needs different strategy to curb violence with five homicides so far in 2021"Let me be clear, this is just the start," Ginther said. Ginther said investment also is being made in a program called End the Violence to help maneuver young people away from crime. "We have a long way to go to stop the violence here in Columbus," Ginther said. More:As gun violence continues to spike, Columbus mayor, other leaders talk about solutionsIn February, Toledo hired a program manager to work with residents, police and community partners to reduce violence.
Kenton County dispatch: Interstates 71/75 lanes near Covington opening soon after oil spill prompted closure
       
Kenton County dispatch says the northbound lanes of Interstates 71/75 that were closed at the 12th Street exit in Covington due to a crash and oil spill this morning are reopening. Traffic should be flowing freely soon after a wreck of two semi tractor-trailers about 9:40 a.m., dispatch said shortly before noon. No one was injured in the crash.
Oklahoma County property sales
       
OklahomanRecent major sales in Oklahoma County totaled more than $157 million, according to deeds released from County Clerk David B. Hooten's office. $1,000,000 or moreOK Edge At Midtown Apartments LLC from Cornerstone-Midtown LLC, property near the northeast corner of NW 10 and N Western Avenue, $55,000,000. Lincoln Development LLC from OKC Industrial Properties LLC, property near the southwest corner of W 33rd Street and N Kelly Avenue, Edmond, $2,598,000. TMAG Real Estate LLC from BTR Family Properties LLC, property near the northwest corner of N Kelly Avenue and E Memorial Road, Edmond, $1,307,000. Records, successor co-trustees of the Steven D. Raupe Family Trust, 1608 Queenstown Road, Nichols Hills, $1,104,000.
Jet skis may be subject to maritime law for the first time to crack down on rowdy behaviour
       
Jet skis may be subject to maritime law for the first time, as the Government prepares to unveil new rules to crack down on joy riding. The Government is considering classifying jet skis, some of which can reach speeds of almost 70mph, as vessels. The new classification is intended to close a loophole that allows jet skis to be operated outside the scope of legislation that applies to other boats and ships. The UK is one of the only countries in Europe not to formally regulate jet skis. Councils and harbour authorities can set bylaws that require registration of jet skis, payment of fees and adherence to speed limits.
England’s giant subsidy to Scotland is just how Sturgeon’s Nats like it
       
It’s called the Barnett formula, after the former Labour chief secretary to the Treasury, Joe Barnett, and it works like this. Last financial year, the Barnett block grant to Scotland amounted to £32bn. The effect is that historic differences in spending are preserved in aspic regardless of whether any longer justified. A further distortion arises because Scotland’s population has been shrinking relative to England’s, which boosts nominal spending per head over time - such that it is today more than 20pc higher than England. For Scotland, the shortfall in 2019 was £2,482 per head.
Suez Canal: Jammed cargo ship Ever Given's stern has budged - but it's still stuck and is now causing fuel shortages
       
Experts working to free a cargo ship - which has been jammed in the Suez Canal for five days - have managed to budge its stern and get its rudder and propeller to work again. Some 9,000 tonnes of ballast water were removed from the ship to help make it lighter - but the Japanese-owned Ever Given remains stuck - and blocking the crucial arterial route for world trade. Heavier tugs are now being deployed to the waterway to try again to free the super-tanker at high tide. AdvertisementImage: Tug boats take part in operation to try to refloat Ever Given in Suez Canal. It is not known whether human error or technical error is to blame for the ship getting lodged in the canal.
New attempts planned to free huge vessel stuck in Suez Canal
       
SUEZ, Egypt (AP) — A giant container ship remained stuck sideways in Egypt’s Suez Canal for a fifth day Saturday, as authorities prepared to make new attempts to free the vessel and reopen a crucial east-west waterway for global shipping. The massive vessel got stuck in a single-lane stretch of the canal, about six kilometers (3.7 miles) north of the southern entrance, near the city of Suez. “The combination of the (tug) boats we will have there, more ground dredged away and the high tide, we hope that will be enough to get the ship free somewhere early next week,” he said. An official at the Suez Canal Authority said the authority planned to make at least two attempts Saturday to free the vessel when the high tide goes down. Apparently anticipating long delays, the owners of the stuck vessel diverted a sister ship, the Ever Greet, on a course around Africa instead, according to satellite data.
Xinjiang cotton: How do I know if it's in my jeans?
       
Xinjiang cotton: How do I know if it's in my jeans? Welcome to the row over cotton from the Xinjiang region of China. What are the concerns about Xinjiang cotton? But if you bear in mind that Xinjiang cotton accounts for 85% of Chinese production and 20% of world supply, the chances are high that you've got some in your wardrobe. Certification schemes for cotton mills, such as Yarn Ethically & Sustainably Sourced (Yess), work to eliminate forced labour from the supply chain.
New attempts planned to free huge vessel stuck in Suez Canal
       
Authorities are preparing to make new attempts to free a giant container vessel stuck in Egypt's Suez Canal for a fifth day and reopen a crucial east-west waterway for global shippingSUEZ, Egypt -- A giant container ship remained stuck sideways in Egypt’s Suez Canal for a fifth day Saturday, as authorities prepared to make new attempts to free the vessel and reopen a crucial east-west waterway for global shipping. The massive vessel got stuck in a single-lane stretch of the canal, about six kilometers (3.7 miles) north of the southern entrance, near the city of Suez. An official at the Suez Canal Authority said the authority planned to make at least two attempts Saturday to free the vessel when the high tide goes down. Some vessels began changing course and dozens of ships were still en route to the waterway, according to the data firm Refinitiv. Apparently anticipating long delays, the owners of the stuck vessel diverted a sister ship, the Ever Greet, on a course around Africa instead, according to satellite data.
New severe weather threat takes aim at central and eastern US
       
Another severe weather event will occur this weekend across parts of the Midwest, South and eastern U.S. However, as a larger storm system moves toward the region, numerous severe thunderstorms will develop later on Saturday. The severe risk area Saturday stretches from northeast Texas to southern Indiana. There is an enhanced risk for severe weather across Arkansas to Tennessee. The severe risk region is rather large, stretching from northern Georgia to Delaware.
‘A Very Big Problem.’ Giant Ship in the Suez Remains Stuck.
       
Mr. Mosselhy said teams of divers were already inspecting the hull and had not yet found damage. But in most other respects, the Ever Given had succumbed to Murphy’s Law: Everything that could go wrong did, starting with the ship’s size, among the world’s largest. “It was the biggest ship in the convoy, and she ended up in the worst part of the canal” — a narrow section with only one lane, Capt. When a similarly sized ship, the CSCL Indian Ocean, ran aground near the port of Hamburg in 2016, it took nearly six days to clear the Elbe River. All this because, to put it simply: “This is a very big ship; this is a very big problem,” said Richard Meade, the editor in chief of Lloyd’s List, a London-based maritime intelligence publication.
Cheniere and Shell oil tankers change course to avoid Suez Canal as ships divert routes
       
In this article BG.SPIPSARDSA-GBLNGA dredger attempts to free stranded container ship Ever Given, one of the world's largest container ships, after it ran aground, in Suez Canal, Egypt March 26, 2021. Suez Canal Authority | ReutersCompanies are scrambling to reroute shipping vessels to avoid the logjam at the Suez Canal, including at least two U.S. ships carrying natural gas for Cheniere and Shell/BG Group, according to data provided by MarineTraffic and ClipperData. For Europe-bound ships coming from Asia, going around Africa instead of through the canal can add up to seven days to a ship's journey, he said. Both tankers changed course in the middle of the North Atlantic Ocean before diverting to go around the Cape. "The vast majority of U.S. crude exports avoid the Suez Canal, heading either to Europe or around the Cape of Good Hope to Asia instead," Smith explained.
Fried chicken wars goes global and free donuts: 5 fast food stories you might've missed this week
       
New York (CNN Business) The fried chicken sandwich wars are going global, cookie subscriptions are the new Netflix, and, for or better or worse, you can soon get a free doughnut every day for the rest of the year. Those are just some of the tantalizing and tasty offers that made headlines this week in the fast food world. Companies in that crowded space operate on razor-thin profit margins, so they are constantly trying to gain an edge over its competitors , often with perks like free food or other giveaways. Here's some of the food news you might have missed this week:Popeyes plots UK entranceAmericans have lost their minds over the Popeyes' fried chicken sandwich for the past two years. Soon, our friends in the United Kingdom can experience the clucking craze.
Why forecasting earnings growth won’t get you very far
       
Earnings growth is the fuel on which the stock market runs. You’d overweight equities if earnings growth were about to accelerate—and underweight them (or get out of stocks altogether) if earnings growth were about to slow. This portfolio did not do any better than the one-year foresight portfolio. UncreditedThese results are very similar to those that analyzed the relationship between the economy and the stock market. Why is perfect foreknowledge of earnings growth or the economy so unhelpful?
My husband and his ex-wife agreed that he could claim their kids on his taxes, but now she’s ‘demanding’ half their stimulus
       
Dear Quentin,My husband received a text from his ex-wife demanding part of the latest stimulus check for their two children. He agreed to a higher alimony payment ($200 more a month) because he would be able to claim the tax benefit. He told her that he was not giving her any of the stimulus money. She said he “owes” her half because they should each get a stimulus for one of the kids. He reminded her that he agreed to the higher alimony amount specifically due to him being able to claim the kids.
Elon Musk Boasts Tesla Will Be the Biggest Company in the World. Or Maybe Not.
       
Elon Musk took to Twitter to make quite a prediction about his electric vehicle company, Tesla. In 2018, Musk tweeted that he had secured the funding needed to take Tesla private. Still, predicting the stock might add roughly $1.5 trillion in stock market value in a few months is attention-getting. Tesla isn’t quite there yet, but the company is rolling out and testing new versions of its full self-driving software in a limited number of vehicles. Tesla stock closed down 3.4% Friday.
Opinion: Why ARK Innovation’s red-hot returns aren’t as impressive as they seem
       
You could have performed as well as the high-flying ARK Innovation ETF by investing in the Nasdaq 100 Index. Since its creation in October 2014, ARK Innovation has produced an annualized gain of 34.6%, versus 20.6% for the QQQ. At the same time, ARK Innovation has been extremely volatile and risky, making an apples-to-apples comparison with the Nasdaq 100 misleading. As measured by the standard deviation of monthly returns, ARK Innovation has been 73% more volatile than QQQ. The Sharpe Ratio of ARK Innovation’s monthly returns since 2014 is almost precisely the same as the QQQ’s.
Silicon Valley leaders push back on governor recall efforts
       
The Daily BeastChip Somodevilla/GettyAll the chatter about whether Governor Andrew Cuomo should be kicked out of office for this–this being multiple women’s credible allegations of sexual harassment and retaliation–is maddening to me. The sexual harassment claims, from eight women so far, including several staffers who worked for him, clearly demonstrate violations of the NYS Human Rights Law prohibiting sexual harassment—which the governor took credit for expanding. Sexual harassment is unlawful when it subjects an individual to inferior terms, conditions, or privileges of employment. This is not a high bar to cross, and individual touches or comments have been found to exceed this standard. This means that not only the governor, but his aides who witnessed or partook in the harassment alleged, may have personal financial liability.
At least 10 dead in Mumbai hospital fire
       
The WrapNFT fever has reached its peak: A New York Times column about non-fungible tokens sold Thursday as an NFT for 350 units of Ethereum cryptocurrency — worth roughly $560,000. Due to the nature of NFT auctions, there’s no way to identify the winning bidder beyond the screen name Farzin. Once the NFT of his column had sold, Roose remained stunned. Behind the Digital Asset Endorsed by Jack Dorsey and the NBA The first bid came in at 11:16 a.m. Read original story NFT Fever: NY Times Column About NFTs Sold for $560,000 as an NFT At TheWrap
Jerry Seinfeld is asking $14.95 million for 27-acre Colorado property
       
The comedian and his wife, Jessica Seinfeld, are seeking $14.95 million for the main house on roughly 27 acres, according to listing agent Bill Fandel of Compass. Modern Farmhouse in style, the roughly 12,300-square-foot main house is designed to resemble a series of connected Western ranch structures. The Seinfelds bought the circa-1991 main house in 2007 for $7.55 million, according to public records. They purchased the guest house a year later for $2.3 million, Mr. Fandel said, and have used it as a caretaker's cottage. Mr. Seinfeld, 66, rose to fame in the 1990s as the star of the sitcom "Seinfeld," which he co-created.
Cryptocurrency Price Check: Elon Musk, DeFi and the SEC
       
Check the prices of cryptocurrency coins from this past week. Bitcoin rallied this past week after Elon Musk announced on Twitter (TWTR) - Get Report that Tesla (TSLA) - Get Report will start accepting the cryptocurrency in the U.S. as payment for its vehicles. Binance Coin BNB | $255.55Binance Coin was passed by Cardano as the third-largest cryptocurrency this past week. Filecoin FIL | $126.57Filecoin is up over 50% in the past week and could come down as other cryptocurrency coins have fallen during the same period. All cryptocurrency price performances are referenced and pulled from Coinbase.
Strip resorts landlord makes big bid for Australian casino operator
       
Blackstone Group, a large firm with heavy investments on Las Vegas Boulevard, is looking to snap up the Australian casino operator Crown Resorts. (AP Photo/John Locher)Mandalay Bay is closed amid coronavirus nonessential business closures on Thursday, April 9, 2020, in Las Vegas. Now another big firm with heavy investments on Las Vegas Boulevard is looking to snap up the Australian casino operator. The skyscraper with Milam, Crown Las Vegas, was never built, and the still-unfinished former Fontainebleau went bankrupt in 2009. His group set out to build the 1,100-room Alon Las Vegas, but Packer reportedly had trouble raising project funds.
Suspected DUI crash kills 1 in east Las Vegas Valley
       
Las Vegas police arrested a 38-year-old man following a suspected DUI crash on Friday night in the east valley that left one person dead. Metropolitan Police Department (Las Vegas Review-Journal)Las Vegas police arrested a 38-year-old man following a suspected DUI crash on Friday night in the east valley that left one person dead. The crash happened about 10:40 p.m. at Charleston Boulevard and Honolulu Street, the Metropolitan Police Department said. The Ford’s driver, identified by police as 38-year-old Samson Baughman, ran from the scene but was arrested “shortly thereafter,” police said. The Pontiac driver’s death marked the 24th traffic-related fatality investigated by Metro this year, police said.
Liz Weston: Emergency savings aren’t just for job losses
       
Dear Liz: I was a fortunate individual and able to save enough money to cover my expenses for at least six months in case I became unemployed. Any suggestion on what to do with that savings account now that it has served its purpose? If you’re new to Medicare or relatively healthy, you may not know that Medicare doesn’t cover all the medical expenses you’re likely to face. I have made all payments on time, but that’s not reflected on my reports at the three credit bureaus. Individuals, however, typically can’t report payments to the credit bureaus, so your payments won’t show up on credit reports.
Tornado threat spans from Arkansas through Tennessee
       
Saturday will be the third time this week that some Southern states are facing the possibility of severe weather.
Boris Johnson and Joe Biden could set up infrastructure fund to counter China influence
       
Boris Johnson and Joe Biden, the US president, want to set up an infrastructure fund to pay for new roads and bridges in the developing world to counter China's growing influence. The idea was raised by Mr Johnson in Downing Street talks with some of the UK politicians sanctioned by China late last week. He is said to have voiced concern that there were so many United Nations countries – particularly in Africa – that were "in hoc to the Chinese" because of infrastructure loans handed to them by China. One idea is to use some of the aid budget – set to hit £10 billion this calendar year despite the cut from 0.7 per cent to 0.5 per cent of GDP – to counter China's influence. The idea would be to tip "hundreds of millions of pounds" into the fund "to give an alternative to China's debt trap diplomacy", a source said.
Mobile phone companies must crack down on spoof callers, warns National Crime Agency chief
       
A National Crime Agency (NCA) chief has criticised mobile phone companies for their failure to crack down on spoof callers. Once the victim has picked up the phone, the scammer will offer to ring them back on an "office number". "There isn't a silver bullet that would just stop the spoofing of phone numbers," he told BBC Radio 4. It's now impossible to spoof numbers from public-facing outgoing landlines from banks, HMRC and the National Crime Agency. The receiving phone believes the information it is sent from the sending phone number.
China-Russia alliance can never work, despite US rivalry, observers say
       
China’s Foreign Minister Wang Yi and his Russian counterpart Sergei Lavrov meet in Guilin on Tuesday. Photo: Reuters
Xinjiang cotton: Western clothes brands vanish as backlash grows
       
Xinjiang cotton: Western clothes brands vanish as backlash grows Published 1 day agoimage copyright Getty Images image caption H&M is one of several global brands targetedChina is targeting more Western clothes retailers as international backlash grows over claims of abuses in the cotton-growing Xinjiang region. "If you boycott Xinjiang cotton, we'll boycott you," one person commented on Weibo. "We have always bought and used cotton produced in China, including Xinjiang cotton, and in the future we will continue to do so," it said. Japanese sportswear label Asics also pledged support for Xinjiang cotton, while Japanese retailer Muji - which at one point had marketed a "Xinjiang cotton" line of products- told the Global Times it was still selling such items in China..Where is Xinjiang and who are the Uighurs? Xinjiang, China's biggest region, produces about a fifth of the world's cotton.
China announces sanctions on Canadians, including MP Michael Chong
       
China on Saturday announced sanctions on individuals and entities in Canada and the United States in response to sanctions imposed on Chinese citizens and groups over conditions in Xinjiang. China sanctioned MP Michael Chong, who is also the Conservative Party's foreign affairs critic. Responding to the news on Twitter, Chong said Canada has a "duty to call out China." "If that means China sanctions me, I'll wear it as a badge of honour," he wrote. CBC News has reached out to Chong's office for comment, as well as Global Affairs Canada.
Rents have dropped in many U.S. cities amid the pandemic. Here's why mine won't go back up
       
Just before the pandemic, the median rent for a one-bedroom across the U.S. was $968, according to The Apartment List. And so tenants of rent-stabilized apartments are reluctant to leave them, making the units close to impossible to find. There's no current data on the vacancy of rent-stabilized apartments across the city, but there are some telling numbers from apartment listing aggregator StreetEasy. That Saturday evening, Janna and I applied for two rent-stabilized apartments, a one-bedroom for me and a studio for her. A year and a half ago, a broker would have laughed in your face if you asked for a rent-stabilized apartment.
Why this tech entrepreneur left the Bay Area for Arkansas and closed his offices for good
       
In December, internet entrepreneur Phil Libin loaded up his car and, along with his girlfriend, drove almost 2,000 miles from his home in San Francisco to Bentonville, Arkansas. Libin, who's best known as the creator of note-taking app Evernote, was three years into running his start-up studio All Turtles when he fled the stress of the Bay Area. He's not sure where he's going next or when, but he's decided one thing for sure: It won't involve returning to an office. All Turtles closed its three physical locations — in San Francisco, Tokyo and Paris — and now has a fully-distributed workforce across the globe. "Nobody in the company is wasting two hours a day sitting in traffic," said Libin, who's the CEO of both companies.
‘Tremendous potential being wasted’: How gig work widens the racial wealth gap — and what can be done about it
       
What it found: many workers relying exclusively on low-paying gig work with little to no benefits. It absolutely exacerbates the racial wealth gap.’ ”“The sad thing is you see tremendous potential being wasted,” Gorbis said in a conversation with MarketWatch for The Value Gap. We’ve been tracking the gig economy since Uber UBER, +1.52% first came into being. They’re not just platforms, they’re becoming labor markets — avenues for people to get work. Gorbis: We can make gig work into good work.
Why the U.S. dollar continues to rise, defying a 2021 consensus trade
       
A weaker dollar was seen as a boon for U.S. equities and, even more so, for international stocks. A weaker dollar was also expected to help provide a lift for emerging markets. “Buoyant global risk appetite, rising expectations for global recovery and Fed complacency pose the greatest risks to our constructive USD view,” they said. Capital EconomicsFor much of the pandemic, there was a relatively strong relationship, with a weaker dollar translating into stronger global equities (see chart above). As a result, investor appetite for risk, which tended to mean a weaker dollar, became the main driver of developed market exchange rates.
Opinion: April has been bullish for stocks but you shouldn’t bet on a repeat this year
       
The U.S. stock market may or may not rise over the next four weeks. Some of those seasonal tendencies suggest the U.S. market will rise through mid-April, while others point to a flat-to-lower market. My recommendation therefore is to be skeptical of all arguments based on alleged Wall Street seasonal tendencies. It isn’t that there are no seasonal patterns worth paying attention to; it’s that most of them are worthless, so a skeptical attitude is warranted. Take a look at the table below, which summarizes the various seasonal patterns that allegedly are currently in play.
Will individual investors stick around after pandemic’s ‘mind-blowing’ stock trading surge?
       
Now the question is whether individual investors will remain the life of the party. Long-dormant interest in active trading among individual investors had started to revive as a result of the race to zero commissions by major online brokerages. After the March lows, it was “off to the races” for individual investors, albeit with peaks and valleys, Liu said. Instead, there are tools that can be incorporated into trading platforms that help individual investors better understand their own behavioral biases and shortcomings, he said. Individual investor volume won’t evaporate, he said, noting there were 10 million new brokerage accounts opened in 2020.
‘Plexiglass will stay up for a while’: Shoppers remain anxious about COVID but head back to stores
       
We expect to see many of the impulse items continue to grow as guests take more time,” he said. See: It’s a ‘question of time’ before another virus jumps from animal to human, says co-inventor of flu treatment Tamiflu. One thing that isn’t going away is online shopping, which was growing before COVID-19 and accelerated during the pandemic. Both Rogers and Waelter say the surge in e-commerce began as a safety measure and has become an issue of convenience. “Whether entertainment, or travel or dining, there’s this pent-up need for experience.
Suez Canal blockage could cost $6 billion to $10 billion in lost trade - Allianz
       
The stock initially jumped as much as 19% on Friday before erasing gains to fall as much as 11%. After swinging between gains and losses the stock dipped to cap off a 9.6% drop in five days, its second straight losing week. GameStop is not recommended by any analysts and has three holds and four sell ratings -- with the average price target implying a 75% drop. The company signed a deal in December with Jefferies to sell as much as $100 million in stock, according to a filing. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Zoom Video gets tepid endorsement from Deutsche Bank as stock heads toward a ‘death cross’
       
Zoom Video Communications Inc. will play an “integral” role in a post-COVID world, but Deutsche Bank analyst Matthew Niknam said the stock has already rallied too much to recommend buying at current levels. Niknam’s tepid endorsement comes as a bearish “death cross” pattern is set to appear in Zoom Video’s stock chart ZM, +1.62% in the coming days, which many on Wall Street see as a warning signal for further losses. Read more about the “death cross.”Zoom Video was initiated by Niknam with a hold rating and a $360 stock price target, which is 12.5% above Friday’s closing price of $319.95. Don’t miss: Zoom Video can still thrive in a post-vaccine world, analysts say. Of the 28 analysts surveyed by FactSet who cover Zoom, Niknam is one of the 14 who are neutral on the stock.
Health Canada will not alter AstraZeneca COVID-19 vaccine recommendations after U.S. concerns
       
While the U.S. warns the public about "outdated information" on the efficacy of the AstraZeneca COVID-19 vaccine, Health Canada is not changing its recommendations for the vaccine at this point. "We urge the company to work with the DSMB to review the efficacy data and ensure the most accurate, up-to-date efficacy data be made public as quickly as possible." "Health Canada will look at the complete data package when we get that." Although reccomendations for the admistration of this COVID-19 vaccine is not changing in Canada, Dr. Sharma did identify that Health Canada is looking to add a warning about the reported blood clots from the AstraZeneca vaccine for Canadians. This comes after the European Medicines Agency added a warning last week, indicating that a small number of people developed blood clots in the brain after receiving the AstraZeneca vaccine.
Retail shops can open until 10pm in boost for high street
       
Non-essential stores will be able to stay open for longer - GettyCoronavirus Article Bar with counterRetailers will be allowed to open until 10pm when they reopen next month as the Government seeks to bolster the high street and ensure compliance with social distancing rules. Robert Jenrick, the Communities Secretary, on Friday announced the temporary measures enabling non-essential stores to stay open for longer, ahead of the planned reopening on April 12. He added that councils would be encouraged to allow high street stores to extend their hours under the new limits between Monday and Saturday. “To support businesses to reopen and recover, I’ve extended measures to allow shops to stay open for longer,” Mr Jenrick said. “This is part of a package of support to help reopen our shops and high-streets safely – backed by £56 million.
Suez Canal: Ship causing logjam 'could soon be refloated' vessel's owner says as US offers help
       
Rescue vessels work at the site of a container ship trapped on the Suez Canal of Egypt on March 26, 2021. READ MORE: What Suez Canal blockage could mean for global tradeThe majority of the diverted tankers, which were originally destined for Suez canal were now headed elsewhere, according to Kpler. "A total of 16 LNG vessels’ planned transit via the Suez Canal will be affected if the congestion persists until the end of this week," Kpler analyst Rebecca Chia said. The traffic-jam will have severe repercussions on global trade, bringing 13% of the world’s trade to a halt. Built in 1869, the Suez Canal is used by around 50 vessels per day, according to Panjiva, the supply chain research unit of S&P Global Market Intelligence.
15 Best Stocks in the Past Week: BowX, Nucor, and Target
       
The best-performing stocks in the past week include Nucor, Target, Restoration Hardware, Cisco Systems, Root Inc., BowX, Costco and more. Here are some of the best stocks in the past week by their performance in percentage change at the close of trading on Mar. Root | Increased +19.50%Auto insurance company Root Inc. (ROOT) - Get Report was included as one of the top shorted stocks this past week. Upstart | Increased +14.10%Upstart Holdings (UPST) - Get Report was included in the top stocks in last week's list and performed again this past week. Cramer also had the CEO of Nucor on Mad Money this past week during his "Executive Decision" segment.
Real Estate newsletter: A Bradbury mansion bought with burger money
       
Welcome back to the Real Estate newsletter, your weekly window into a Southern California housing market that has barely skipped a beat since the pandemic began a year ago. While you’re at it, visit and like our Facebook page, where you can find Real Estate stories and updates throughout the week. In-N-Out of her Bradbury mansionThe four-acre estate includes a palatial mansion, guesthouse, swimming pool, tennis court, basketball court and two-hole golf course. (IM Real Estate Photography / David Guettler Photography)A house bought with burger money is back up for grabs in Bradbury. The six-county region’s median sales price jumped nearly 15% from a year earlier to $619,750, according to data from real estate firm DQNews.
Looking for a job? Employers, from casinos to booksellers, ramp up with hiring events
       
Several employers around the Phoenix metro area have announced upcoming job fairs or other large-scale hiring plans. The company will hold a job fair from 9 a.m. to 4 p.m. March 30 at 9393 W. Buckeye Rd., Suite 125. The company will hold a job fair from 9 a.m. to 4 p.m. March 30 at 9393 W. Buckeye Rd., Suite 125. The company also is seeking experienced leaders. The company also is seeking experienced leaders.
After 44 years, House of Rice Store closing in Scottsdale
       
After 44 years, House of Rice Store closing in ScottsdaleKiyoko Goldhardt is retiring and closing her Japanese grocery, the House of Rice Store, after 44-years in Scottsdale.
35-year-old man killed Saturday morning in Milwaukee on Fairmount Avenue
       
The Milwaukee Police Department is investigating a homicide that occurred Saturday morning. Around 2 a.m., police responded to an emergency call in the 4800 block of West Fairmount Avenue and found a 35-year-old man dead. Police continue to seek unknown suspects. Anyone with any information is asked to call Milwaukee Police at 414-935-7360 or Milwaukee Crime Stoppers at 414-224-8477 (TIPS).
Coronavirus in Illinois updates: Here’s what’s happening this weekend with COVID-19 in the Chicago area
       
Bell, 28, is one of many millennials making moves toward homeownership earlier than planned due to the pandemic. And she’s not alone. According to a recent survey by St. Louis-based Clever Real Estate, an online platform that refers homebuyers and sellers to agents who charge less commission, 30% of millennials say COVID-10 pushed them to begin house hunting earlier than originally planned.
RYAN HOMES-FRASIER WALLACE, RYAN HOMES
       
Modern Exteriors Spacious Kitchens Connexion Clubhouse CONDOS AT WESCOTT LIVE UNIQUELY ONE-LEVEL CONDO LIVING From the $220s Live uniquely in Chesterfield’s newest condo community. Our one-level attached homes provide the ease and convenience so many of us are looking for today. Condo living means you can kiss yard work, maintenance and stairs goodbye, giving you the truly unique lock-and leave lifestyle. Impressively designed, these 2 bedroom, 2 bathroom homes offer distinctive features like home offices, storage, large kitchen islands, private balconies and open floorplans. NVR Mortgage Finance, Inc. is licensed by the Virginia State Corporation Commission as a mortgage lender and broker, MC-528.
Brexit: UK cheese firm boss in despair over minister's export advice
       
The boss of a Cheshire cheese firm has told of his despair over Brexit after an unexpected meeting with the environment minister resulted in advice to look at the US and Canada markets. He says the past three months have been among the worst in his career, with a lucrative EU business brought to a halt because of the extra costs and paperwork caused by a hard Brexit. Back home, he has been offered help from the Department for International Trade with “emerging markets” but says what he wanted was help with salvaging his EU business. Data released on Monday showed a dramatic collapse of exports of whisky, cheese and chocolate to the EU in January. But Spurrell said while they were trying to help he saw no way of salvaging his consumer sales business in the EU.
Two Indian friends reveal they are the purchasers of electronic paintings for £50million
       
Two Indian friends have stepped forward to reveal they are the ones who bought electronic paintings for £50million in booming 'crypto art' market. Venkateswaran and Sundaresan have invested heavily in a new form of digital collectible with the unwieldy name of non-fungible tokens (NFTs). That's certainly the case with Beeple himself, who in real life is a digital artist named Mike Winkelmann. Not to be outdone, auction house rival Sotheby's plans its own NFT sale, collaborating with the pseudonymous digital artist Pak in a sale next month. 'Crazy speculation is not unusual,' he said of the Beeple sale.
New York Democrat calls on White House to reverse 'old school' marijuana policy while admitting own past use
       
New York Democratic Rep. Mondaire Jones admitted to past marijuana use when calling on the White House to reverse its decision to fire staffers who previously smoked marijuana. “I have in the past smoked marijuana. I do not currently smoke marijuana, but if I did it wouldn’t be a problem,” Jones told the New York Daily News. “A policy at the White House of punishing prior use of marijuana despite a staffer’s qualifications — that is beyond dissonant,” he said. The White House has not yet responded to the Democratic lawmakers’ letter.
Her pandemic year was already tough, as an Asian American nail salon owner. Then came the Atlanta shooting.
       
Salons are a service field dominated by Asian American women who are similarly vulnerable targets, and many workers fear for their safety. I knew it was going to be Asian American women who were killed,” she says. AD“I still feel very invisible in an industry dominated by Asian American women. Until it was called out earlier this year on social media, Nailpro magazine didn’t include a single Asian American on its 14-member advisory board. It’s hard not to see the connection,” says Lisa Fu, executive director of the advocacy group California Healthy Nail Salon Collaborative.
These stocks could soon see a boom due to 'significant pent-up demand,' analysts say
       
The economic reopening is underway, and Wall Street analysts said this week there's a big group of stocks just waiting to break out. With fresh stimulus and consumer spending set to take off, these companies will be prime beneficiaries, analysts say. CNBC Pro combed through the top Wall Street research to find the biggest winners of the reopening.
Shocked, afraid and 'blessed': Cruise line workers remained on board for months to keep ships operational
       
As vaccination efforts ramp up in many parts of the world, the cruise industry is making preparations to resume voyages. The workers we spoke with declined to be named for fear of retribution from the cruise line companies that employ them. The industry attracts workers from many different countries, so access to vaccines varies greatly, which will impact when they can re-board ships. For essential cruise ship workers, such as engineers, the wait was particularly long as they had to maintain the ships and keep them operational, since cruise ships can’t be left unattended for months on end. One engineer told NBC News he remained on board a Norwegian Cruise Line ship from the start of the pandemic until September.
A key cash flow metric makes these stocks a smart buy, Ned Davis Research says
       
The best strategy for picking stocks over the past three decades may be at the peak of its powers right now, according to Ned Davis Research. Brian Sanborn, the firm's senior vice president for wealth management, said in a note that the ratio of a company's free cash flow to its enterprise value has been the best factor for picking stocks since at least 1988. Investing in the best stocks by this metric has given a positive return more than 64% of the time over the last 33 years, slightly more than the S&P 500, according to the firm.
10 people dead, including police officer, after shooting at Colorado grocery store
       
Ten people were killed, including a police officer, after a gunman walked into a grocery store in Boulder, Colorado, on Monday and began randomly shooting shoppers. The officer, Eric Talley, 51, an 11-year veteran of the Boulder police force, was the first officer to arrive at the King Soopers grocery store Monday afternoon, police Chief Maris Herold said. An employee from the store told him a shooter was inside. Logan Smith works at a Starbucks inside the grocery store. A spokesperson for the grocery store said the company was "horrified by the senseless violence."
Iran, China sign strategic long-term cooperation agreement
       
The deal marked the first time Iran has signed such a lengthy agreement with a major world power. In 2001, Iran and Russia signed a 10-year cooperation agreement, mainly in the nuclear field, that was lengthened to 20 years through two five-year extensions. Before the ceremony Saturday, Yi met Iranian President Hassan Rouhani and special Iranian envoy in charge of the deal Ali Larijani. It comes on the 50th anniversary of the establishment of diplomatic relations between China and Iran. Reportedly, Iran and China have done some $20 billion in trade annually in recent years.
Lebanon's largest Christian bloc warns against sidelining president
       
FILE PHOTO: Prime Minister-designate Saad al-Hariri speaks after meeting with Lebanon's President Michel Aoun at the presidential palace in Baabda, Lebanon March 22, 2021. REUTERS/Mohamed AzakirBEIRUT (Reuters) - Lebanon’s largest Christian bloc, the Free Patriotic Movement (FPM), warned prime minister-designate Saad al-Hariri on Saturday against sidelining President Michel Aoun and other parliamentary blocs in talks over forming a cabinet. Hariri and Aoun have been at loggerheads over the cabinet for months, dashing hopes of a reversal of Lebanon’s deepening financial meltdown. Hariri has said Aoun’s party is trying to dictate cabinet seats in order to gain veto power. “The political committee warns of the dangers of sidelining methods that the prime minister-designate is using when dealing with the president and concerned parliamentary blocs,” an FPM statement said.
FB Stock, GM, Disney Lead 5 Stocks Near Buy Points
       
FB stock, GM and Disney lead five consumer stocks on this weekend's menu of stock to watch. All are near buy points, hitting the gas on growth strategies and demonstrating constructive relative strength line trends — at least recently, for FB stock. For General Motors (GM), Facebook (FB), Target (TGT) and Scotts Miracle-Gro (SMG), reopening isn't a primary driver and in some cases might be a mixed bag. Disney stock and GM are poised for bullish rebounds while Facebook is forging a handle on a long consolidation. That triggered a downside reversal for FB stock the next day, and it struggled to gain traction over the next six weeks.
The Global Vaccine Rollout Means Heightened Corruption Risk. Here’s What to Know.
       
On Jan. 21, the European Union’s ombudsman issued a letter denouncing the European Commission’s refusal to disclose vaccine purchase documents. But confidentiality provisions have been a widespread practice for government Covid-19 vaccine procurement contracts around the world. In December, Interpol issued a bulletin warning of an “organized crime threat to COVID-19 vaccines” after South Africa police discovered ampules of illicit, unregistered Covid vaccines. “This is only the tip of the iceberg when it comes to Covid-19 vaccine related crime,” Interpol Secretary General Jürgen Stock said in a March 3 statement. Novartis recently signed agreements to act as a contract manufacturer for the Pfizer-BioNTech Vovid-19 vaccine and the CureVac vaccine.
Hiring is speeding up again and jobs are coming back as the U.S. economy gains steam
       
Some even forecast a gain of close to one million jobs. The official jobless rate, meanwhile, is forecast to dip to 6% in March from 6.2%, with some economists predicting it will fall even lower. The Federal Reserve, for example, estimated the real jobless rate was between 9% and 10% in February. Yet it will take time to recoup some 10 million jobs that existed before the pandemic that are still missing. Before the coronavirus pandemic struck, the unemployment rate had fallen to a 50-year low of 3.5%.
ETF Wrap: A year and change, and okay, boomer
       
But here we are, one year after the start of the 2020 bull market, and things look a lot rosier. Once again: submit your ideas by 11:59 p.m. Eastern on March 29, 2021, to this email address, ideally with the email subject header ETF Wrap Contest. “The extreme market activity we saw, I think highlighted and brought to light the functions of how ETFs work,” he said in an interview with ETF Wrap. Fidelity has offered a private bitcoin investment fund to qualified investors since 2020. ETF Wrap decided to compile the best and worst performing ETFs over that period, as well.
Here’s what tax hikes could mean for the stock market as Biden pushes infrastructure plan
       
A rise in the top personal income tax rate and an overhaul of the estate tax are also potential candidates. More ambitious measures on Democrats’ wish list include a wealth tax and a hike in the capital gains tax rate. During the presidential campaign, Biden called for raising the corporate tax rate on domestic income to 28%, while also raising the tax rate on foreign income, known as the GILTI tax, and instituting a minimum corporate tax rate. Historically, “changes in the capital gains tax rate have had almost no impact on overall market returns,” Lefkowitz wrote. “In fact, the last time the capital gains tax rate increased (in 2013), the S&P 500 rose about 30%.
10 highest-yielding dividend-stock ETFs for a low-rate world
       
All of this holds true for dividend stock ETFs, especially ones with high yields. Highest-yielding dividend-stock ETFsA query of FactSet data yielded a list of 66 U.S. ETFs that “weight stocks by dividends and/or seek high dividend yields.”An advantage of ETFs is that they are easy to trade. The Invesco KBW High Dividend Yield Financial ETF KBWD, +1.13% has the third-highest dividend yield on the list and the second-highest expense ratio at 1.24%. The listed ETF with the second-highest trading volume has been the SPDR Portfolio S&P 500 High Dividend ETF SPYD, +1.57% . Its yield of 4.99% compares with a dividend yield of 1.48% for the entire S&P 500.
I’m 54 years old with a substantial nest egg and can live on $40k a year — can I afford to retire?
       
I don’t know whether it is more tax efficient for me to retire or continue to work. Because I am still working, I can only slowly transfer my securities from my rollover into the Roth account to stay within my tax bracket. I have dual citizenship, my expenses would be even lower if I live in my home country. Dear reader,Congratulations on building such a sturdy nest egg — that hard work will certainly pay off when you retire. You can also spread out the rollovers, so that you’re not bumping yourself into a higher tax bracket right now.
69 million reasons why you should care about NFTs
       
Think of it as, NFTs are to crypto what the creation of Netscape (a consumer facing browser) was to the internet in 1994. That’s right, have to. Meaning we’ve already reached the point where NFT art has become a parody of NFT art. I mean, just, it was just like, yeah, I mean, when it jumped from, like, $27 million to like, $50 [to $60 million.] I raised $69 million from one "Everydays" and he raised frickin $2.5 million from his first tweet.
Friday’s jobs report will be released to a closed stock market—that’s only occurred 12 times since 1980
       
Good Friday is next week and markets will be closed as per usual. However, what will be unusual is that the closure of financial markets in the U.S., and other parts of the world, comes as the government is slated to release a key report on employment in the middle of a pandemic. We want to retire in a place with a low cost of living, no humidity and no colder than 50 degrees — I freeze easily! The house budget is broad: $250,000 to $450,000. See full story.
Social Security Recipients to Get Delayed Third Stimulus Checks After SSA Sends Data to IRS
       
The IRS has already sent approximately 127 million third-round stimulus payments worth about $325 billion over the past two weeks. Amount of Your Third Stimulus CheckEvery eligible American will receive a $1,400 third stimulus check "base amount." Seniors Living with Adult ChildrenWill seniors who live with an adult child get a stimulus check? As mentioned earlier, the age of the dependent doesn't matter for third-round stimulus checks, which is different than for first- and second-round stimulus payments. For more information about third-round stimulus checks, see Your Third Stimulus Check: How Much?
Many artists made serious profits during the pandemic. Here’s how
       
Sergio Aragon and Jesus Gutierrez started selling T-shirts and hoodies at Gay Pride events in 2019. The pandemic has upended that stereotype for many types of creatives, such as artists, designers and cooks. Hundreds of budding entrepreneurs started selling homemade face masks on Etsy, for example. Here’s how some artists pivoted their work to meet the new demands and opportunities of pandemic life. “We had no other choice.”Aragon and Gutierrez started posting more frequently on Facebook and Instagram.
'Mad Money' Lightning Round: 3D Systems, Renewable Energy Group
       
Jim Cramer’s bullish on 3D Systems, Renewable Energy Group. Here’s what Jim Cramer had to say about some of the stocks during Friday's Mad Money Lightning Round:3D Systems (DDD) - Get Report: “They’re making a comeback. This stock has been filleted.”Pershing Square Tontine PSTH: “I share your excitement.”Read the full Mad Money Recap from Monday's show, Game Plan: Cramer's 'Mad Money' Recap. On Real Money, Cramer keys in on the companies and CEOs he knows best. Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
Two young Latino journalists have some words for Joe Biden: ‘honesty,’ ‘compassion,’ ‘respect’
       
According to school officials, nearly 80% of KIPP SoCal graduates, and 82% of KIPP graduates nationally, go on to college. None of the letters was edited, he said, because the school wanted the students’ authentic voices to ring out. When Ellie grew frustrated and depressed, her mother tried to convince her that things would be better in the future. AdvertisementYuri Martínez Pérez, Óscar’s mother, said her son took interest in the street protests that rocked Los Angeles and the nation last year. “Anything can happen if you put your mind to it,” Ellie said, “and us journalists have a lot of power.”
Colorado faces a mismatch between willingness to work and availability of work
       
The labor force participation rate represents the share of working-age civilians, 16 or older, who are employed or actively looking for employment. “Colorado’s labor force participation rate of 68.6% ranked as the third highest nationally in February,” said Ryan Gedney, the state’s senior labor economist during a news call Friday morning. Comparing Colorado to states with lower labor force participation rates, however, isn’t necessarily fair. If Colorado had Utah’s 67.1% labor force participation rate, the state’s unemployment rate would be well under 5%, Gedney said. Workers will leave the Colorado labor pool, dry off and go do something else or move somewhere else.
Pulitzer Prize-winning author Larry McMurtry dies at 84
       
McMurtry graduated from what is now the University of North Texas in Denton in 1958 with a bachelor's degree in English and from Rice University in Houston with a master's degree in English in 1960. McMurtry opened his first used and rare bookstore in 1971 in Washington, D.C., and later opened other stores in Houston, Dallas and Tucson. In the mid-1980s, lured by cheap real estate, he opened his Booked Up store in Archer City. Eventually, the store in Archer City was the only one remaining. He had about 28,000 books in his nearby home in Archer City.
Hopes for blocked Suez Canal hinge on rising tide potentially freeing ship
       
© Ahmad Hassan/AFP/Getty Images A child rides a swing in the Egyptian city of Ismailiya on March 27 near the container ship that has been lodged sideways in the Suez Canal. ISMAILIA, Egypt —The global economic troubles triggered by a giant container ship stuck in the Suez Canal worsened on Saturday with the blockage of more ships carrying billions of dollars of goods. The ship is currently wedged sideways in a single-lane stretch of the canal, roughly four miles north of the waterway’s southern entrance. Later Saturday, Hend Fathy Hussein, the spokeswoman for the Suez Canal Economic Zone, wrote in a Facebook post that the ship’s rudder had begun moving again. There are two canal pilots aboard to guide the ship through the canal.
Asda’s equal pay row risks opening the aisles to more claims
       
The Supreme Court verdict, upholding previous rulings, was in their favour after all. It effectively agreed that the roles of shop floor workers, mostly women, can be compared to those of depot workers, mostly men. The store workers, represented by Leigh Day, will need to argue that their jobs are of equal value to those in the distribution depots before they get any money. £8bn court battleThe private sector initially appeared to have dodged the equal pay claims bullet that cost councils, most notably Birmingham and Glasgow, billions of pounds. They agreed settlements with female staff including care workers and school cooks who were paid less than men for work of equal value in recent years.
[#WeFACE] Tips for turning your coffee green
       
And our pandemic ways of having coffee are likely a big contributor.“I feel like social distancing has somehow led to a more wasteful lifestyle. I didn’t think of having coffee delivered to my doorstep before COVID-19, but it’s sort of become a norm now,” said Park Sang-min, 29, who works from home.It turns out, enjoying coffee completely sans waste is almost impossible, at least in Seoul. Dining in is not advisable from a social distancing perspective, and takeaway coffee cups are a plastic catastrophe. You can’t go on a hunt for a handful of zero-waste cafes in the city every time you want coffee. In fact, some, including large coffee chains like Starbucks, even offer discounts to encourage this behavior.If you are opting for a do-it-yourself coffee at home, don’t go for instant coffee packets.
When smaller is better: Microstates, island nations and overseas territories speed ahead in global vaccination race
       
The United States is currently vaccinating well over 2 million people a day, far more than the entire population of all of these nations. In the Pacific, some small island nations like Palau and the Marshall Islands have benefited from their close relationship with the United States. Barbados’ health ministry did not immediately respond to a request for further details, such as how many vaccine doses would be set aside for tourists. Big complicationsThere are many small countries that have not begun vaccinations, or expect the process to take years rather than months. Though the Vatican is on its way to being fully vaccinated, it has seen a number of cases among its small population and staff.
Hopes for blocked Suez Canal hinge on rising tide potentially freeing ship
       
ADThe ship is currently wedged sideways in a single-lane stretch of the canal, roughly four miles north of the waterway’s southern entrance. Later Saturday, Hend Fathy Hussein, the spokeswoman for the Suez Canal Economic Zone, wrote in a Facebook post that the ship’s rudder had begun moving again. ADLt. Gen. Osama Rabei, the head of Egypt’s Suez Canal Authority said in a statement late Friday night that the “complex technical process,” could require “multiple attempts” to free the Ever Given. There are two canal pilots aboard to guide the ship through the canal. The unprecedented bottlenect at or near the canal could strain global supply chains that are already stressed by the coronavirus pandemic.
Boeing 747 gets a new lease on life with café makeover
       
A jumbo jet from an Asian airline that went bust has been relocated to a Bangkok suburb and transformed into a café.
High anxiety over federal weed loophole
       
But there’s one big difference: Delta-8 products are being marketed as a “legal” way for people to get stoned. Delta-8 THC is an isomer of Delta-9 THC, the compound responsible for marijuana’s intoxicating effects. Delta-8 products do not have that same level of regulatory oversight or tax burden, reducing costs for consumers. ImOberstag started making Delta-8 products after nearly all of his wholesale customers said they were only interested in purchasing them. The hemp industry must deal with ever-shifting regulations, and Scott is worried that a regulatory change is imminent.
Darden Restaurants and 2 Other Companies That Boosted Their Dividends This Week
       
Shareholders of Darden Restaurants are in for a tasty dividend that is set to more than double. The stock (ticker: DRI), which yields 0.9%, has a one-year return of about 145%, dividends included. The quarterly dividend is payable on May 3 to shareholders of record at the close of business on April 9. Manufacturing company Worthington Industries (WOR) declared a quarterly dividend of 28 cents a share, a 12% increase from 25 cents. In other news, KBR (KBR) plans to boost its quarterly dividend by 10% to 11 cents a share from 10 cents.
Bill Gates Is About to Get a Seat on This Train Company
       
Bill Gates is about to get a representative appointed to the board of Canadian National Railway. Howell is senior investment manager at BMGI, which manages the assets of Cascade Investment, L.L.C. Canadian National is the second-largest public railway by market value in North America, second only to Union Pacific (UNP). A co-founder of Microsoft (MSFT), Gates has been invested in Canadian National through Cascade since at least the end of 2000. Canadian National stock surged 21.4% last year, compared with a 16.3% rise in the S&P 500 index.
Suspect dead after chase, standoff through multiple Massachusetts towns
       
Bloomberg(Bloomberg) -- Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here.China will impose tariffs of more than 200% on Australian wine for five years, formalizing curbs that have been in place for months amid an increasingly fraught relationship with Canberra.Imports of Australian wine products will incur anti-dumping levies of between 116.2% and 218.4% with effect from March 28, the Chinese commerce ministry said in a final ruling Friday. Duties on Treasury Wine Estates, Australia’s largest listed winemaker best known for its Penfolds brand, are set at 175.6%.The top commodities buyer introduced the interim tariffs in November after it launched investigations into Australian wine, claiming that the product had been subsidized and sold under market value. The duties imposed in November effectively shut access to its most prized market, though strong European sales countered the slump to China. (Updates with tariff details from second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Fort Lauderdale changed its spring break scene in the ’80s. Can Miami Beach do the same?
       
The beach brawls, street parties and gunfire of Miami Beach spring break have made international headlines for years. Miami Beach needs to look no further than Fort Lauderdale Beach for advice, which struggled with similar seasonal chaos for decades before changing course. It’s a dramatic change from decades ago when Fort Lauderdale Beach was spring break party central. Another difference: Fort Lauderdale drew a predominantly white crowd, while Miami Beach this year drew a predominantly Black crowd. Tourists walk along Ocean Drive during spring break in Miami Beach on Monday, March 22, 2021.
EXCLUSIVE: Tiger Cub Archegos Liquidation Triggers Record Crash in Discovery, ViacomCBS – Sources
       
Discovery also slumped 27% to $41.90, down from $77.27 on March 19. They have less to offer in the breadth and popularity of their programming and face a tough fight. At $77.27 on March 19, Discovery fetched almost 27 times.The selloff began on Monday when ViacomCBS reported an offering of $2 billion in shares after closing at a record high. The stock fell 9.1% the following day, dragging down Discovery. Plus, you’d still have to subscribe to costly additional services to obtain the most-popular live sports and entertainment programming from the major TV networks.
Horse racing newsletter: Another East vs. West in Florida Derby
       
Well, now we have the five-year anniversary of the undefeated showdown of East vs. West in the Florida Derby. Newsletter Off to the races Get the latest news, analysis, results and charts with John Cherwa's definitive Horse Racing newsletter. Owner: Paymaster Racing LLC, Slugo Racing and Tiger Racing, Inc.. Mutuel Pool $334,640 Daily Double Pool $17,041 Exacta Pool $175,222 Superfecta Pool $88,667 Super High Five Pool $67,633 Trifecta Pool $114,383. Owner: Tricar Stables, Inc.. Mutuel Pool $177,637 Daily Double Pool $25,154 Exacta Pool $99,993 Superfecta Pool $49,813 Trifecta Pool $74,686. Mutuel Pool $361,166 Daily Double Pool $22,601 Exacta Pool $207,368 Superfecta Pool $101,168 Super High Five Pool $11,402 Trifecta Pool $152,577.
Real estate in Texas, Florida, Colorado top choices for millennial homebuyers, expert says
       
The real estate market is the “hottest” it’s ever been, with the majority of homebuyers being millennials flocking to low-tax states such as Texas, Florida, and Colorado during the coronavirus pandemic, according to Douglas Elliman CEO Dottie Herman. Herman, during an interview on “Mornings with Maria,” said that lower taxes, lower interest rates, and the ability to work from home have led new millennial homebuyers to smaller “lifestyle” centric cities, such as Houston, Aspen, and Miami. “They’re picking cities that are smaller, that are walkable, they like the amenities where everything is close, there’s yoga,” Herman told Maria Bartiromo. On the other hand Aspen, Colorado is also an attractive destination for millennials, touting pro-environmental values, tech-savvy neighborhoods, and a work-from-home-centric environment. Record-low rates have played a major role in 2020’s booming real estate market, which saw months of consecutive growth and double-digit year-over-year price gains despite high unemployment and economic uncertainty amid the coronavirus pandemic.
$15-an-hour minimum wage could further sting teen employment
       
Democrats want to raise the federal minimum wage in steps to that level by 2025, from $7.25 an hour. Most states already have set a higher minimum wage. Lauren Gimple, 17 years old, worked at a bakery in Powell, Ohio, earning near the minimum wage until the pandemic hit. Should the federal minimum wage go up, he said his first step would be to increase menu prices. While the federal minimum wage hasn't changed since 2009, 29 states have set a higher level, and in eight the minimum wage is slated to reach $15 an hour in the coming years.
Mize: Stuck ship 'affects everyone, basically,' shipping expert says
       
It's a reminder of how fra-gee-lay global shipping can be, and therefore how vulnerable manufacturers, retailers and consumers are in having needs and desires met. "All sizes and types of industrial real estate performed well in 2020 but none more so than the big-box sector," CBRE continued. "An industrial big-box facility is a warehouse/ distribution center of 200,000 sq. Then the Ever Given literally stopped up the Suez Canal, through which goods and materials pass on the way from Asia to Europe and the U.S. East Coast. "In 2019, 18,800 ships crossed through the canal, according to the Suez Canal Authority."
As Franklinton experiences rebirth, some worry about being left behind
       
Ohio Route 315 divided the neighborhood between West Franklinton and East Franklinton. Those in West Franklinton await revitalization in their area with a mix of excitement & trepidation. Two decades ago, 58% of Franklinton residents made less than $25,000 and 18.4% of its houses were vacant, according to U.S. Census Bureau data. Like many in the neighborhood, Street is unsure about what the future holds. Will development efforts push home values to a level he can't afford?Is talk of revitalization in West Franklinton just empty words?
Today in history: March 27
       
In 1964, Alaska was hit by a magnitude 9.2 earthquake (the strongest on record in North America) and tsunamis that together claimed about 130 lives, and more events that happened on this day in history.
Car review: The new Land Rover Defender, chunky styling and a rugged interior
       
Almost as soon as I excitedly took delivery of the new Land Rover Defender I took it out to its natural habitat, the car park at the nearest Waitrose. So the Defender was able to mount a kerb quite easily, and dealt with a pot hole with a regal insouciance. Two bags of premium groceries (not that I was feeling all gentrified, or anything) were accommodated with ease, and I was pleased to see the Land Rover trademark “curry hook” still fitted, such a useful touch. I also felt a little guilty that I didn’t mention the forthcoming Ineos Grenadier, which has cheekily taken on the look of the original Land Rover Defender, after JLR’s legal case to protect the distinctive look of the old car failed. Just think of your new Defender as a branch of Waitrose on four wheels and you’ll never be disappointed.
Peter Andre describes ‘sad reality’ of Jon Snow having a baby at 73
       
Peter Andre has described the “sad reality” of having children later on in life. His comments come as Channel 4 News broadcaster Jon Snow recently welcomed a new baby at 73 years old. Snow and his wife Dr Precious Lunga, 46, welcomed their baby boy through a surrogate after suffering “numerous medical setbacks and miscarriages”. magazine, writing: “Channel 4 News presenter Jon Snow has welcomed a baby boy with his wife at the age of 73. Read our privacy notice INDY/ LIFE Newsletter Be inspired with the latest lifestyle trends every week Thanks for signing up to the INDY/LIFE newsletter {{#verifyErrors}} {{message}} {{/verifyErrors}} {{^verifyErrors}} {{message}} {{/verifyErrors}} I would like to be emailed about offers, events and updates from The Independent.
U.S. Supreme Court rules against Ford in product liability dispute
       
The U.S. Supreme Court on March 25 unanimously ruled against Ford in a case in which the second-largest U.S. automaker had sought to bar two state courts from hearing product liability suits involving a pair of serious crashes. Ford had appealed rulings by the top state courts in Montana and Minnesota that had allowed the litigation to proceed. Ford argued that the state courts should have jurisdiction only if its conduct in those states had given rise to the claims. RELATED News Former VW CEO Winterkorn charged by U.S. in diesel scandal by Bloomberg | volkswagen /auto-news/news/former-vw-ceo-winterkorn-charged-by-u-s-in-diesel-scandal”>In an 8-0 ruling, the justices disagreed with Ford. When a company like Ford serves a market for a product in a state and that product causes injury in the state to one of its residents, the state’s courts may entertain the resulting suit,” Justice Elena Kagan wrote for the court.
Live Updates: Scramble Against Time to Free Ship Stuck in Suez Canal
       
Live Live Updates: Scramble Against Time to Free Ship Stuck in Suez Canal Five days after the Ever Given became lodged in the canal, its rudder has been freed and dredging is complete. A satellite image on Friday showed tugboats and dredgers working to dislodge the Ever Given container ship in the Suez Canal. Video A ship has been stuck in the Suez Canal in Egypt since Tuesday evening, after powerful winds forced the ship aground on one of the canal’s banks, shutting down traffic in both directions. A two-week Suez Canal delay could strand a quarter of the supply of containers typically found in European ports, one expert estimated. Credit... Nacho Doce/Reuters With each day that the Ever Given container ship remains stuck in the Suez Canal, the cost of the disruption grows more consequential.
Ever Given owners plan new attempt to free the ship on Saturday using high tide
       
The Taiwan-owned MV 'Ever Given' (Evergreen) container ship, a 400-metre- (1,300-foot-)long and 59-metre wide vessel, is lodged sideways and impeding all traffic across the waterway of Egypt's Suez Canal, on March 27, 2021. Other media reports suggest at least two attempts will be made on Saturday to free the ship using the expected high tide. 26 March 2021, Egypt, Suez: A boy observes two tugboats taking part in the refloating operation carried out to free the "Ever Given". A total of 237 vessels are waiting in the Suez Canal area, according to canal service provider Leth Agencies. The Taiwan-owned MV 'Ever Given' (Evergreen) container ship, a 400-metre- (1,300-foot-)long and 59-metre wide vessel, is lodged sideways and impeding all traffic across the waterway of Egypt's Suez Canal, on March 27, 2021.
Powell plays down inflation — again — while Yellen sees possible return to full employment by 2022
       
"We are meeting at a hopeful moment for the economy — but still a daunting one," Yellen said in her opening remarks to the House Committee on Financial Services. "While we're seeing signs of recovery, we should be clear-eyed about the hole we're digging out of." Powell described the CARES Act, the sweeping emergency pandemic aid package implemented in March 2020, as "historically important legislation" that provided "critical support in our nation's hour of need." "Business investment and manufacturing production have picked up," but spending on services remains low, Powell said. Powell and Yellen are both set to testify again, on Wednesday, this time before the Senate Banking Committee.
'A huge, huge toll': For households reliant on two incomes, Covid job loss changed everything
       
The sudden blow of losing one income has sent the family tumbling from relative comfort to living week to week. "It did take a huge, huge toll on me, and I still suffer with it constantly," Accolla said. The pandemic upended the lives of millions of families who suddenly found themselves without one or both sources of income. "That's a really, really important part of the story," she said. "When I lost my job, I knew it was not going to be very easy to find another job.
Postal banking, alcohol delivery could save the U.S. Postal Service, experts say
       
Porter McConnell, who runs the Save the Post Office Coalition, says it’s now time for postal banking to make a comeback. She points to a 2014 report from the Postal Service Office of the Inspector General that indicates postal banking could generate $9 billion in new revenue for the post office. In 2019, the union called for the launch of a pilot program, in which postal banking services could be tested in four locations. Just as McConnell believes postal banking could provide additional revenue for the Postal Service, she notes that shipping alcohol could also generate money for it. “There’s a history of the government messing with the post office and saying, ‘Look – it’s broken, you have to fix it.’ The post office is not broken.
ECB’s Lane Says Euro-Area Recovery Heavily Reliant on Fiscal Aid
       
“The years prior to the pandemic, bond yields were 3% to 4%. Since 1962, S&P 500 companies had achieved eight episodes of prolonged profit expansions such as the one contemplated now in analyst estimates. S&P 500 firms will likely be able to expand profit margins for at least the next three years, analyst estimates show.One oft-cited cause of concern is the valuation threat from fixed income. As yields increase, bonds become more attractive, and price-earnings ratios have to come down for stocks to stay competitive. The logic appears to explain the bleeding in richly-valued stocks such as technology this year.A potential counter exists in the other input that affects market pricing: earnings.
'Power for Power': North Korea Returns to a Show of Force
       
Bloomberg(Bloomberg) -- Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. About 12% of global trade transits the canal that’s so strategic world powers have fought over it. The wind turbine maker also sees risks of congestion at ports, once the ships held up at the Suez Canal arrive at their destinations. Every week the Suez Canal remains closed adds as much as $10 billion to the bill.Economists predict higher prices as a result.“I’m relatively sanguine about the additional hit to trade,” said Joanna Konings, senior economist at ING. The blockage may create a supply gap that could be filled by pipeline gas from Russia or U.S. LNG.
Michael Jordan’s Bulls-era Illinois mansion still can’t find buyer in 9 years
       
Michael Jordan hasn’t slam-dunked a buyer on his Illinois mansion in its nine years on the market, The New York Post has learned. The basketball legend then took full ownership of the home in January 2007, one year following the couple’s divorce, property records reveal. In 2013, one year after the property first hit the market, the price fell to $21 million. Jordan has not budged on a new price since it hit $14.8 million in 2015. Additional amenities include a movie theater, cigar room, poker room and wine cellar.
Suez Canal remains blocked amid efforts to free stuck vessel
       
An official at the Suez Canal Authority said they planned to make at least two attempts Saturday to free the vessel when the high tide goes down. SUEZ CANAL SHIP MAY BE FREED BY SATURDAYEgyptian authorities have prohibited media access to the site. WHERE IS THE SUEZ CANAL AND HOW DID A SHIP GET STUCK IN IT? A maritime traffic jam grew to around 280 vessels Saturday outside the Suez Canal, according to canal service provider Leth Agencies. SUEZ CANAL COULD BE BLOCKED FOR WEEKS, WITH $10B IN SHIPPING TRAFFIC PER DAY DISRUPTED: REPORTSIt remained unclear how long the blockage would last.
Here's what you can get for $1 million in Bend, Oregon
       
The small city of Bend, Oregon, recently catapulted into the national consciousness thanks to its last-in-the-nation Blockbuster and the new Netflix documentary about the video store. All that outdoor space made Bend a popular destination for people working remotely to escape more densely populated areas in 2020, according to the Central Oregon Association of Realtors. With the local real estate market thriving, here’s a look at what you can get in Bend, Oregon, with a $1 million budget:Skywagon Drive - $999,000This turnkey home offers more than 10 acres with views of the Cascade Mountains. The open-concept living room features a large stone fireplace. The kitchen features granite counters, stainless steel appliances and a custom tile backsplash.
Goose Island sale 10 years later: Anheuser-Busch got what it needed from the deal, but what’s left for Chicago beer drinkers is more complicated.
       
The most obvious outcome of the sale has been all that growth, the kind most breweries never achieve (not that they all want it; many brewery owners are content to operate small or medium-sized businesses). But John Hall didn’t come into the beer industry in the mold of Ken Grossman (founder of Sierra Nevada Brewing in 1979) or Larry Bell (who launched Bell’s Brewery in 1985), with a home brewer’s urge to sell more daring and flavorful beer to the world.
Franklin County receives $2 million to boost child support money from low-income parents
       
Franklin County will embark on a two-year program with $2 million in federal money to find ways to keep low-income, noncustodial parents employed so they can make regular child support payments. Franklin County collects child support on time in about 67% of cases, but in the remaining 33% of the cases, collections are often sporadic or parents miss payments altogether, said Susan Brown, director of the county Child Support Enforcement Agency. The county oversaw a total 73,430 open child support cases last year, involving 84,445 children and 106,765 parents. "The child support program interacts with parents for 18-plus years. In an emailed statement, Franklin County Commissioner Kevin Boyce said that "a successful child support system keeps many young kids from living in poverty.
Ryan Lewis: Cleveland given tough task of competing while slashing payroll in 2021
       
It left Cleveland with one major question facing the franchise heading into 2021. Can Cleveland trade its superstar shortstop for a package of young talent and still make the postseason in the first year of the post-Lindor era? Cleveland could be set up better when taking a long-term view than when only looking at 2021. All that's left for those in Cleveland's clubhouse is to rally behind the Lindor trade, and that a younger roster will have to grow together. And thus, the beginning of the post-Lindor era, with a younger roster and even more emphasis on development, has begun.
The University of Michigan divesting from fossil fuels shows that change is here
       
And so, in 2015, it came as no great shock when the university’s president, Mark Schlissel, rejected student calls for divestment from fossil fuel companies. “Fossil fuels enable us to operate the university, to conduct research and to provide patient care,” he said. “At this moment, there is no viable alternative to fossil fuels at the necessary scale. “Fossil fuel assets will diminish in value,” he told me on Thursday, “perhaps more quickly than many realize. In this case, that means immediate divestment, in an effort to break the power of the fossil fuel industry that still fights for delay.
Moment the Ever Given crashed into the Suez Canal is caught on video
       
AdvertisementMaritime tracking technology has simulated the moment the Ever Given cargo carrier lurched into the banks of the Suez Canal when it ran aground five days ago. Two attempts to dislodge the 1,300ft-long container ship - and reopen the critical global trade route - will be made today after efforts yesterday failed. An official at the Suez Canal Authority said they were planning to make at least two attempts today to free the vessel when the tide drops. It said 49 container ships were scheduled to pass through the canal in the week since the Ever Given became lodged. Opened in 1869, the Suez Canal provides a crucial link for oil, natural gas and cargo.
News Roundup: A Jeep explodes behind an RV, and an F-150 falls through ice
       
Jeep engine explodes after being towed in 4-LoA Jeep owner who failed to properly set up their Jeep for towing has inadvertently demonstrated what happens when an engine is forced to revolve at eight times its red-line rpm. Apparently the owner hooked the Jeep up to tow behind an RV, but left the vehicle in the 4-Lo setting, which produces the 84:1 crawl ratio that’s great for off-roading. F-150 sinks into lake during last available ice-fishing weekLike pickup trucks through the ice, so are the days of our winter. Black box suggests “very delayed response” in Tiger Woods crashWhen a Tiger crashes in the forest, everybody knows it makes a sound. And now, the world is receiving more details about the incident that resulted in pro golfer Tiger Woods’ Genesis GV80 travelling over a median and 122 metres off the road and into the forest.
NRA faces internal woes as it girds for new gun control fight
       
LaPierre and other executives also have “voluntarily participated” in the attorney general’s investigation, NRA attorney William A. “An important part of this plan is dumping New York,” LaPierre said in announcing the bankruptcy filing. The New York attorney general and Ackerman McQueen would go further. Those expenses, and more, were detailed in the recent filings by the New York attorney general. “Instead, while the public demands gun safety reform, the NRA’s bankruptcy so far has revealed even more bloated spending, financial mismanagement and the gun lobby in complete disarray.”
If Your Boss Could Do Your Job, You’re More Likely to Be Happy at Work
       
Our research suggests there’s truth behind this saying: bosses matter far more for employee job satisfaction than any other factor we measured. Hence we measured it in three different ways:Whether the supervisor could, if necessary, do the employee’s job. The benefit of having a highly competent boss is easily the largest positive influence on a typical worker’s level of job satisfaction. Moreover, we saw that when employees stayed in the same job but got a new boss, if the new boss was technically competent, the employees’ job satisfaction subsequently rose. Your job satisfaction is profoundly molded by your boss’s competence; and your own team’s job satisfaction levels depend on your competence.
Good Planning Can Reduce the Chances of Taxes Hurting Your Retirement Funds
       
Roth IRA conversions for inheritance Roth IRA planning also is important from an inheritance perspective. So those planning their estates can consider converting a traditional IRA into a Roth IRA to eliminate future tax impacts and leave their heirs a tax-free inheritance. One spouse's Social Security goes away: Only the higher of the two will stay. It may be feasible to consider living off some of that income before taking Social Security and letting your Social Security benefit increase, which it does until age 70. Wolfgang Capital LLC and Wolfgang Financial and Insurance Agency LLC are not affiliated with or endorsed by the Social Security Administration.
Some Poles flout virus rules as harder lockdown takes effect
       
People drink beer in a bar which was open in defiance of pandemic restrictions in Warsaw, Poland, Friday March 26, 2021. (AP Photo/Czarek Sokolowski)People drink beer in a bar which was open in defiance of pandemic restrictions in Warsaw, Poland, Friday March 26, 2021. A raft of new pandemic restrictions are taking effect in Poland on Saturday to slow the spread of infection as the central European region has emerged as a global virus hot spot. Those flouting the rules often believe that it is not themselves, but the politicians and police who are breaking the law. A prominent Warsaw lawyer, Jacek Dubois, argued that this means that the restrictions themselves are actually illegal under Polish law.
Shots fired at US cultural centre in Myanmar - embassy
       
Bloomberg(Bloomberg) -- The Bank of England flagged instances of illiquidity as a broader risk to the financial system after a rout in some government bond markets pushed yields higher.The comments in a routine assessment of threats to the financial system indicate concerns at the central bank that Governor Andrew Bailey has sought to play down. The bank’s Financial Policy Committee found that vulnerabilities in the market remain almost a year after they first emerged during a rout at the start of the coronavirus pandemic.In recent appearances, Bailey has said that while officials are watching a surge in bond yields carefully, so far they viewed it as consistent with an improvement in economic outlook. The summary of the FPC’s March 18 meeting agreed with that assessment, but also highlighted risks to liquidity that were exposed by the sell off in debt markets in March 2020.“In February, the fragile nature of liquidity in some government bond markets had been evident during a period where advanced economy government bond yields had risen markedly,” the BOE report said. “The FPC judged that recent experience showed the fundamental vulnerabilities in market functioning that had been exposed during the ‘dash for cash’ remained and could amplify any further repricing.”The central bank noted recent weak demand from non-dealers at U.S. Treasury auctions after a disastrous sale last month that helped push yields to a higher plane. Bonds have sold off around the globe in recent weeks, pushing U.K. yields to the highest levels since before the pandemic.The European Central Bank confronted the shift with a vow to speed up its own asset purchase program.
New attempts planned to free huge vessel stuck in Suez Canal
       
A giant container ship remained stuck sideways in Egypt’s Suez Canal for a fifth day Saturday, as authorities prepared to make new attempts to free the vessel and reopen a crucial east-west waterway for global shipping. The massive vessel got stuck in a single-lane stretch of the canal, about 3.7 miles north of the southern entrance, near the city of Suez. “The combination of the (tug) boats we will have there, more ground dredged away and the high tide, we hope that will be enough to get the ship free somewhere early next week,” he said. An official at the Suez Canal Authority said the authority planned to make at least two attempts Saturday to free the vessel when the high tide goes down. Apparently anticipating long delays, the owners of the stuck vessel diverted a sister ship, the Ever Greet, on a course around Africa instead, according to satellite data.
Franklinton family faces uncertain future as gentrification threatens their home -- again
       
The house on Whitethorne Avenue in western Franklinton was a modest 2,000 square-foot, two-level, three-bedroom home in need of renovations. More on Franklinton: As Franklinton experiences rebirth, some worry about being left behind"I don't want to stop change that comes because I think it's beautiful," Conchita said. But for families such as the Dillingers, the development they're witnessing only fills them with trepidation. "I think we experienced all the horribles of being pulled out of our house as a family," Butch said. By 2011, they were approved to live at their current home on Princeton Avenue, where the Franklinton Development Association was a co-developer.
Ohio schools to tackle COVID learning loss with $4.5 billion federal stimulus package
       
In Columbus, the new stimulus funds will come on top of the $130.78 million awarded in the second round and $30.94 million in the first. For context: In the current fiscal year, Columbus City Schools anticipates $1.33 billion in revenue, excluding the stimulus funds, and $1.71 billion in expenditures, according to a dashboard on its website. The deadline to spend the first round of funds is September 2022 and the second round is September 2033. As of Wednesday, just one of Ohio's 609 public school districts is still operating remotely. Mike DeWine has already asked all districts in Ohio to create academic recovery plans and submit them to the state by April 1.
Some Poles flout virus rules as harder lockdown takes effect
       
Piotr Nowakowski, a personal trainer, found himself out of work when the government closed gyms months ago. He now trains his clients in a small makeshift gym that he arranged on his parking spot in the underground garage of his apartment building. By finding a way to keep working, he has been able to keep supporting his family and paying his bills and loans. They were later allowed to open again but will be forced to close again on Saturday, which prompted a mad last-minute rush to barbers and hair salons on Friday. He also carved out a small space in his apartment where he does his clients' hair.
Suez Canal remains blocked amid efforts to free stuck vessel
       
A giant container ship remained stuck sideways in Egypt’s Suez Canal for a fifth day Saturday, as authorities prepared to make new attempts to free the vessel and reopen a crucial east-west waterway for global shipping. The massive vessel got stuck in a single-lane stretch of the canal, about six kilometres north of the southern entrance, near the city of Suez. An official at the Suez Canal Authority said they planned to make at least two attempts Saturday to free the vessel when the high tide goes down. A maritime traffic jam grew to around 280 vessels Saturday outside the Suez Canal, according to canal service provider Leth Agencies. Apparently anticipating long delays, the owners of the stuck vessel diverted a sister ship, the Ever Greet, on a course around Africa instead, according to satellite data.
Amazon denies stories of workers peeing in bottles, receives a flood of evidence in return
       
Indeed, after Amazon sent out its ill-judged tweet, reporters who cover the company’s labor practices practically lined up to soak the firm with evidence. (Gurley also wrote a story with photographic evidence, including numerous examples from the subreddit for Amazon delivery drivers.) And the most damning reveal is that Amazon was made aware of this because it began reprimanding employees for the behavior when the bottles and bags were left inside Amazon delivery vehicles, The Intercept reports. And if the company is happy to suggest its workers never pee in bottles despite many accounts to the contrary, it’s hard to take the company’s “truth” seriously. Update March 25th, 5:43PM ET: Added information from The Intercept’s report on Thursday detailing further evidence of Amazon employees forced to use the restroom while on shift without taking a break and information proving Amazon managers were aware this was happening.
Pro-Ireland US President Joe Biden's English ancestors unmasked
       
Added: 26.03.2021 23:17 | 27 views | 0 commentsJOE BIDEN's English ancestors have been uncovered after the US President stressed his Irish heritage last night, adding that "Brits" forced them to flee.
PS5 restock updates at Best Buy, Amazon, Walmart, GameStop, Sony and more
       
PS5 restock updates at Best Buy, Amazon, Walmart, GameStop, Sony and moreAdded: 26.03.2021 23:26 | 27 views | 0 commentsHaving trouble finding a PS5? Here are all the links to all the stores selling the console.
AGI, stimulus checks, taxes, CTC: Why this number is the key to everything and where to find it
       
AGI, stimulus checks, taxes, CTC: Why this number is the key to everything and where to find itAdded: 26.03.2021 23:15 | 24 views | 0 commentsWhat is your adjusted gross income? Your stimulus check for $1,400 depends on it (and so does your tax refund and Child Tax Credit.) We'll tell you what you need to know.
Phone companies 'must do more' to stop fraud calls
       
Phone companies 'must do more' to stop fraud callsAdded: 27.03.2021 0:04 | 23 views | 0 commentsA senior law enforcement officer says the UK needs "a step change" in its response to fraud.
Payment deferrals were a lifeline for millions during Covid. What happens when those end?
       
Payment deferrals were a lifeline for millions during Covid. What happens when those end? Added: 27.03.2021 8:30 | 7 views | 0 commentsConsumer advocates warning of a looming debt crisis say they want the government's watchdog to take an aggressive role in policing predatory entities.
No stimulus check: 9 potential payment problems and what to do
       
No stimulus check: 9 potential payment problems and what to doAdded: 27.03.2021 2:17 | 8 views | 0 commentsSource: popculture.comDirect deposit errors or something more serious? Here are possible reasons your stimulus check hasn't arrived, when your friends' and family's did. More in www.cnet.com »
Your IRS stimulus check will come in the mail -- and you can track it to your home
       
Your IRS stimulus check will come in the mail -- and you can track it to your homeAdded: 27.03.2021 6:17 | 7 views | 0 commentsSource: www.youtube.comStart checking your mailbox instead of your bank account if you haven't received your stimulus payment yet. We'll tell you what to look for. More in www.cnet.com »
SSI, SSDI stimulus check update: 30 million could get their $1,400 payments soon. What to know
       
SSI, SSDI stimulus check update: 30 million could get their $1,400 payments soon. What to knowAdded: 27.03.2021 7:17 | 19 views | 0 commentsThe Social Security Administration sent missing payment files to the IRS. Those files had been preventing tens of millions of people from getting their $1,400 check. Here's everything we know.
Suez Canal is still blocked: Why that matters everywhere
       
Suez Canal is still blocked: Why that matters everywhereAdded: 27.03.2021 6:17 | 8 views | 0 commentsOne stuck ship can disrupt global trade, and experts don't yet know how long the rescue effort will take. Meanwhile, the memes keep flowing.
In California: Which counties are pushing hardest to recall Newsom?
       
In California: Which counties are pushing hardest to recall Newsom? Added: 27.03.2021 1:21 | 14 views | 0 commentsPlus: A toast to Beverly Cleary. Britney Spears takes steps to #free herself. And 1 million vaccines have been distributed at MLB stadiums.
Opinion: Why Janet Yellen is wrong on corporate tax rates
       
Added: 27.03.2021 1:17 | 20 views | 0 commentsPresident Joe Biden said he hopes to have America nearly back to normal by July 4th. For that to happen, policymakers must continue to make progress on sparking a swift and sustainable economic recovery.
Suez Canal remains blocked amid efforts to free stuck vessel
       
A giant container ship remained stuck sideways in Egypt’s Suez Canal for a fifth day Saturday, as authorities prepared to make new attempts to free the vessel and reopen a crucial east-west waterway for global shipping. The massive vessel got stuck in a single-lane stretch of the canal, about 3.7 miles north of the southern entrance, near the city of Suez. An official at the Suez Canal Authority said they were planning to make at least two attempts Saturday to free the vessel when the high tide goes down. A maritime traffic jam grew to around 280 vessels Saturday outside the Suez Canal, according to canal service provider Leth Agencies. Apparently anticipating long delays, the owners of the stuck vessel diverted a sister ship, the Ever Greet, on a course around Africa instead, according to satellite data.
German steelworkers reach pay deal with union
       
Slideshow ( 3 images )BERLIN (Reuters) - Germany’s largest trade union, IG Metall, agreed a wage deal on Saturday for the roughly 70,000 workers in the iron and steel industry in north-west Germany. From February 28, 2023, the steelworkers will then receive an additional payment of 600 euros a year. The parties also agreed on a one-off coronavirus allowance of 500 euros, which is to be paid out as early as the end of June. The union had originally demanded a 4% pay rise for the steelworkers of companies like Thyssenkrupp and Salzgitter. The parties also agreed to come up with a collective agreement framework for the transition to CO2-neutral steel production.
Payment deferrals were a lifeline for millions during Covid. What happens when those end?
       
The federal government's response to Covid-19 has allowed millions of Americans to defer payments on their mortgages, rent, student loans and utility bills. "As the pandemic winds down, there is a lot of debt overhang: deferred rent, deferred mortgages, deferred student loans. Many utility companies have also voluntarily allowed consumers to pause their payments on electric and gas bills during the economic crisis. In the end, the federal government will have to decide whether and how it can provide more assistance and relief," he said. "But the agency, if strong, can ensure fair treatment under the law for some of our most financially vulnerable consumers."
Salvage Squad Set to Unload Suez Ship Box by 40-Foot Box
       
(Bloomberg) -- Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. “We will start taking containers from the ship anyway this weekend.”The pressure is on to get the ship floated and out of the way as soon as possible. Story continuesUltimately, salvage experts brought another tanker alongside, the El Nabila, and transferred roughly 22,000 tons of cargo. On the third day of the grounding, and lighter after the transfer, tugboats were able to free the Tropic Brilliance and reopen the canal. “It is concerning that they haven’t gotten her out yet,” said Alan Murphy, CEO of Sea-Intelligence.
Deutsche Bank can sue Madoff feeder funds over $1.6B claims sale
       
A U.S. judge said on Friday Deutsche Bank AG may sue two offshore funds for allegedly reneging on an agreement to sell the German bank $1.6 billion of claims in the bankruptcy of swindler Bernard Madoff's namesake firm. Lawyers for the Kingate funds did not immediately respond to requests for comment. A spokesman for Deutsche Bank declined to comment. In June 2019, the Kingate funds agreed to return $860 million in a settlement with Irving Picard, the court-appointed trustee liquidating Madoff's former firm, Bernard L. Madoff Investment Securities LLC. CLICK HERE TO READ MORE ON FOX BUSINESSThe case is Deutsche Bank Securities Inc v. Kingate Global Fund Ltd et al, U.S. District Court, Southern District of New York, No.
Elon Musk: You can now buy a Tesla with Bitcoin
       
Yahoo Finance’s Julie Hyman and Brian Sozzi discuss Elon Musk’s news on Tesla accepting Bitcoin and outlook on cryptocurrency. One of the most interesting things, Brian, as we watch different companies take on some Bitcoin on their balance sheets-- Musk is saying they're not going to convert that Bitcoin they're taking as payment into dollars. BRIAN SOZZI: That's two things I don't own, Julie, a Tesla and Bitcoin. It's a weird development, because the whole thinking, I thought would be-- if they're going to accept Bitcoin, they change it into dollars. But at some point, you would think, they're going to have to sell some of this Bitcoin, which now Tesla would turn it to the [INAUDIBLE] seller, put pressure on Bitcoin prices.
City Council approves Dave & Buster’s
       
Dave & Buster’s will be bringing one of its giant dining and entertainment establishments to a site off Route 128 after the Woburn City Council approved plans from the Texas chain. The Woburn location would be the second in Massachusetts for Dave & Buster’s, which opened a 33,000-square-foot facility off Route 128 in Braintree in late 2011. Founded in 1982, Dave & Buster’s operates 59 sites with more than $525 million in annual sales, according to the firm’s website. Dave & Buster’s will be built on the land that was set aside for the housing. Joseph Tarby, the local attorney representing Dave & Buster’s, said the firm was drawn to the Woburn site by the “high visibility on Route 128.
Apple Stock This Week: Bear Market Anniversary, Apple Car And More
       
In the past five days, Apple shares traded 1% higher. One Year After The Bear Market Low: Where Apple Stock StandsExactly one year ago, the US stock market reached the bottom of the well. Another Sign That The Apple Car Is Just Around The CornerEvidence continues to surface that the Cupertino company has been working on the launch of the Apple Car. What investors should do about the Apple CarThe more we hear about Apple’s efforts to develop autonomous vehicle technology (or a complete car, from top to bottom), the more relevant the Apple Car becomes to the investment thesis. My initial stance on the Apple Car remains unchanged, for now: those considering investing in Apple stock should do so for the opportunities in iPhone and the 5G supercycle, wearable devices, and service cross selling, first and foremost.
Spurred by lockdown, Spain gives 4-day week a try
       
Experimenting with cutting back one workday per week is about to go nationwide in Spain — the first country in Europe to do so. A three-year pilot project will be using 50 million euros ($59 million) from the European Union’s massive coronavirus recovery fund to compensate some 200 mid-size companies as they resize their workforce or reorganize production workflows to adapt to a 32-hour working week. The only condition is that the readjustment leads to a real net reduction of working hours while maintaining full-time contract salaries, explained Héctor Tejero, a lawmaker with Más País in the Madrid regional assembly. “It’s not using the European funds for Spaniards to work less, it’s about seeing how we can improve productivity and competitiveness of our companies,” said Tejero. A mass shift to a three-day weekend would lead to more consumption, especially in entertainment and tourism, a backbone of the Spanish economy.
First U.S. city passes reparation plan for Black residents
       
Council members in Evanston city outside Chicago have voted in favor of giving funds to Black residents as a form of reparations for housing discrimination — the first city in the United States to take such action. For Alderman Robin Rue Simmons, the architect of the Evanston Local Reparations Restorative Housing Program and Program Budget, it was an “initial first step” after years of discussion and input from locals. Under the plan, residents who qualify will receive $25,000 to use towards home improvements or mortgage assistance. Those opposed asked for more time for public discussion and called it a housing program rather than reparations. Council members said the plan was not a substitute for any future federal reparations for the descendants of slaves.
Hong Kong residents transfer billions to Canada as China clamps down
       
3:07 Hong Kong forces dual citizens to declare the nationality they want to maintain Hong Kong forces dual citizens to declare the nationality they want to maintain – Jan 29, 2021The outflows represent only 1.9 per cent of Hong Kong’s total bank deposits in 2020. Britain and Australia are expected to be other favoured destinations for Hong Kong residents. 3:14 Canada announces new, expedited immigration pathways for Hong Kong residents Canada announces new, expedited immigration pathways for Hong Kong residents – Nov 12, 2020Average balances in these accounts were up 30 per cent between June and mid-March, versus a four per cent rise in accounts with non-Hong Kong phone numbers. Britain’s government expects that as many as 321,600 Hong Kong residents will migrate there over the next five years, with almost half of those in 2021. 1:06 China lodges complaint with Canada over Trudeau’s remarks on Hong Kong, Xinjiang China lodges complaint with Canada over Trudeau’s remarks on Hong Kong, Xinjiang – Oct 14, 2020Some of the money coming into Canada is likely to flow into real estate, property consultants said.
Britain and EU strike financial services cooperation pact
       
Britain and the European Union agreed a new post-Brexit financial services pact on Friday that will allow them to co-operate on regulation but does little to improve the City of London's access to the bloc. Brexit has already put a dent in Britain's financial industry and a City of London official has described the framework as a "talking shop". "This is unlikely to offer solid foundations for bulk cross border business," said Simon Morris, a financial services partner at law firm CMS. "Overall, for investors in UK financial services, a greater degree of cooperation between Europe and the UK can only be seen in a favourable light," said Alan Custis, head of UK equities at Lazard Asset Management. Jonathan Hill, a former EU financial services commissioner, said this week that Britain should not sit around for access, known as equivalence, but focus on making the City more attractive to international investors.
Spurred by lockdown, Spain gives 4-day week a try
       
Waiter Sara Palacios prepares a coffee as she works at La Francachela restaurant in Madrid, Spain, Friday, March 26, 2021. Experimenting with cutting back one workday per week is about to go nationwide in Spain. (AP Photo/Manu Fernandez)Waiter Sara Palacios prepares a coffee as she works at La Francachela restaurant in Madrid, Spain, Friday, March 26, 2021. Experimenting with cutting back one workday per week is about to go nationwide in Spain. “People are increasingly angry because remote working in itself is not going to solve our problems from a broader perspective.”
Hong Kong expects findings of inquiry into BioNTech vaccine packaging defects next week – SCMP
       
Bloomberg(Bloomberg) -- Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Under normal circumstances, the temporary delays in global supply chains would not be a “big issue,” it said. The wind turbine maker also sees risks of congestion at ports, once the ships held up at the Suez Canal arrive at their destinations. Every week the Suez Canal remains closed adds as much as $10 billion to the bill.Economists predict higher prices as a result.“I’m relatively sanguine about the additional hit to trade,” said Joanna Konings, senior economist at ING. The blockage may create a supply gap that could be filled by pipeline gas from Russia or U.S. LNG.
Netflix is launching 40 anime movies and shows in 2021
       
“Markets will decide that and are probably best placed to do that.”The situation remains fluid and the eventual outcome uncertain. “I don’t think you can create a financial center,” said Douglas Flint, chairman of U.K. fund manager Standard Life Aberdeen. Nearly all of the trading volume in shares of European companies that was handled in in the U.K. bolted to the EU. Takeovers of publicly-traded U.K. companies have risen more than sevenfold. Since the U.K. voted to leave the EU, London property prices have increased by 6%, compared to a fifth in Dublin and Amsterdam’s 40% rise.
A huge ship is blocking Egypt's Suez Canal, and it could get costly
       
Allianz said ships "face costly and lengthy deviations if canal is not opened soon." Diverting vessels via the Cape of Good Hope in the southern tip of Africa would add roughly two weeks to their journeys. Four are already in the canal system and another three are waiting to enter. "The incident continues to create long tailbacks on the waterway, stopping vessels from passing and causing delays," it said in a statement. Brent crude futures, the global benchmark for oil prices, shot up nearly 6% on Wednesday as traders raced to assess the ramifications of the blockage.
Megaship blocking Suez Canal for fifth day could be refloated using tide
       
Stranded container ship Ever Given, one of the world's largest container ships, is seen after it ran aground, in Suez Canal, Egypt March 26, 2021. “It’s a complex technical operation” that will require several attempts to free the vessel, Lt. Gen. Osama Rabei, head of the Suez Canal Authority, said in a statement. Biden offers to helpThe Suez Canal Authority has said it welcomed international assistance. Such an arrangement is customary, but the ship’s captain retains ultimate authority over the vessel, according to experts. A maritime traffic jam grew to more than 200 vessels Friday outside the Suez Canal and some vessels began changing course.
[#WeFACE] Environmentally conscious consumers turn to refill stations
       
(Shin Ji-hye/The Korea Herald)On Sunday afternoon, a refill station called Almang Market in Mangwon-dong, Seoul, was busy with consumers seeking plastic-free alternatives. (Shin Ji-hye/The Korea Herald)Lee Seung-yeon, 31, who often comes to the shop, said, “In the past, I used to buy products without much thought about the environment. But unlike small shops like Almang Market, consumers should first buy containers which costs 6,000 won (about $5) instead of using their own empty containers. Large retail stores also operate refill stations in partnership with brands that sell refillable products. In order to buy the refillable products, customers should first buy the finished products or the container which costs 500 won.
Forest Hill Prestige Real Estate
       
About Despina is a licensed real estate representative and member of TREB, RECO and OREA for over 20 years. She holds a BA from Concordia University, a BSW from U of T and studied at the International Academy of Design. Despina considers her client’s perspective and is determined to sell properties at the top of the market and find the right property and investments for her clients.
Suez Canal: Blocked ship could be refloated in hours
       
A giant container ship that has been blocking Egypt's Suez Canal for days could be refloated on Saturday, the vessel's Japanese owner has said. The Suez Canal Authority, which operates the waterway, has not provided an update on when the canal will be navigable once again. Suez Canal: $10 billion in goods stuck in waterway Suez Canal (usually) saves ships time The Suez Canal, which separates the continent of Africa from the Middle East and Asia, is one of the busiest trade routes in the world, handling about 12% of all world trade. Suez Canal: $10 billion in goods stuck in waterway $10 billion in goods are blocked In addition to oil, consumer goods such as clothing, furniture and auto parts are transported through the canal. Suez Canal: $10 billion in goods stuck in waterway More than 50 ships a day According to the Suez Canal Authority, 19,000 ships passed through the canal in 2020 — more than 50 a day.
Colectivo Coffee Workers Are Organizing a Union
       
All of [the organizing] had to be done via Zoom and Facebook and texting. It’s a huge challenge, because the easiest way to talk to people is face-to-face, going to doors, going to stores. It was a challenge to get an ambassador in each store, talking about the union, talking about organizing. You can just google “let’s get real Colectivo,” and there are four of those targeted emails that are on their website. I don’t know if we’d be fighting so hard to have a union.
10 car companies coming for Tesla's EV crown
       
More and more legacy carmakers, like Bentley, BMW, and Mercedes-Benz, have pledged to switch from gas to electric in the coming years, so Tesla's got its work cut out.
Government to increase loan limit by 100 per cent under Naya Pakistan Housing Scheme
       
In an attempt to ensure that the citizens of Pakistan become the owners of their own houses, Prime Minister Imran Khan has decided to increase the loan limit of the Naya Pakistan Housing Scheme by 100 per cent. The news was shared by PTI Senator, Faisal Javed Khan through Twitter, where he wrote that the premier has not only decided to increase the loan limit for the scheme by 100 per cent but the discounted markup rate has also been reduced to 3 per cent and 5 per cent. The senator further added that the loan limit has been increased to PKR10 million. He said that the Prime Minister is supervising the scheme himself. Contact banks for further information regarding the loans," the PM's aide wrote.
Lucky Motors to bring European car manufacturer ‘Stellantis’ to Pakistan
       
The manufacturer and distributor of KIA vehicles in Pakistan, the Lucky Motor Corporation (LMC), has entered into a Licence and Technical Assistance Agreement with the Stellantis Group to assemble and distribute one of their European brands in the country. The Stellantis Group is the fourth largest car manufacturer in the world, which, though, was formed quite recently but contains a portfolio of 14 international brands. The brands which fall under Stellantis include Peugeot, Citroen, Fiat, Chrysler, Jeep, Alfa Romeo, Maserati, and several others. The LMC had in 2019 signed an MoU and expression of interest (EoI) with Groupe PSA which is now part of the Stellantis Group. Presently, Korean brands like Hyundai and KIA, and Chinese MG and Changan have launched their vehicles in Pakistan, giving a tough competition to the existing Big three Japanese brands in Pakistan.
First case of gene transfer between plants and animals: insect swipes protective DNA
       
First case of gene transfer between plants and animals: insect swipes protective DNAWhat doesn’t kill you makes you stronger. The saying couldn’t be more true for the whitefly (Bemisia tabaci, pictured), a pest that feeds from toxic plants like tobacco. This is the fi rst known case of gene transfer between plants and animals , the team reports this week in Cell. The researchers suspect the gene got into the insect’s genome when a whitefly ate a plant that had this gene and was infected by some virus. The virus would have incorporated the plant’s genetic material and inserted it into the bug’s DNA.
The Cutest Photos of Naomi Osaka and Boyfriend Cordae
       
“However, we will continue to take the time necessary and will adjust any delivery plans as needed. The FAA said it expected to complete inspection of the other two 787s that its engineers are reviewing in the coming days.“The FAA’s top priority is ensuring the safety of the traveling public,” the regulator said in an emailed statement. “Today, the FAA issued a certificate of airworthiness for two of the four Boeing 787s for which the agency retained that authority. The agency normally deputizes Boeing employees to conduct what it calls Certificates of Airworthiness inspections.”We do not comment on ongoing certification activities,” the agency said in response to query about the deliveries. (Updates with FAA comment in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
U.K. and EU Reach First Post-Brexit Deal on Financial Rules
       
Britain and the European Union took their first step since Brexit to cooperate on financial services, agreeing on a new forum to discuss market regulation. The two sides have agreed a memorandum of understanding on financial services, the U.K. Treasury and European Commission said in separate statements Friday. It is separate from any decision on equivalence, a series of unilateral rulings that each side can make that offer market access to financial services. Story continuesBrussels has fretted that the U.K. is veering from EU standards, taking it further away from “equivalent” status. While the MOU process is entirely separate to equivalence, some EU officials have said that securing a common framework around certain financial services rules could help unlock some limited equivalence decisions allowing U.K. firms access to the wider EU market.
Burberry becomes first luxury brand to suffer Chinese backlash over Xinjiang
       
Sullivan is especially bullish on two EV stocks, noting that each could climb over 100% higher in the year ahead. Beam Global (BEEM) First up of Sullivan’s picks is Beam Global, a solar tech company that focuses on creating charging solution for electric vehicles and drones. (See BEEN stock analysis on TipRanks) GreenPower Motor (GP) From innovations in charging infrastructure, we’ll switch over to actual EVs. GreenPower Motor is a maker of commercial electric vehicles, with a line of busses marketed to school districts and urban mass transit systems, as well as cargo vans fit for light hauling duties. Referring to the Forest River agreement, Sullivan wrote, “We believe this order will help GP secure orders from other EV customers.
MPs blacklisted by China brace themselves for cyber attacks
       
BenzingaWhy Are Reddit Penny Stocks Such A Big Focus? Redditors: Penny Stocks To Watch Aside from the higher-price “meme stocks,” penny stocks seem to have become the primary flavor for Redditors. When you extend that to the top 100 most active stocks today, nearly 30% are penny stocks. Now, this doesn’t include OTC penny stocks, for instance, and that is an entirely different topic altogether. Reddit Penny Stocks In 2021 The story of starting small and making it big is ages old.
China erasing H&M from internet amid Xinjiang backlash
       
State media accused H&M and other brands of improperly profiting from China while criticizing it. That prompted Chinese retailers and internet companies to distance themselves from the Swedish retailer, though other brands still were available on e-commerce platforms. South Korean athletic shoe brand FILA said Friday the company buys cotton from Xinjiang and will keep doing so. H&M's announcement last year that it no longer would use Xinjiang cotton cited the BCI's move to stop licensing cotton from the region because it was difficult to trace how it was produced. It was unclear why the party targeted H&M, whose expression of concern about Xinjiang was similar to that of other companies.
India's Modi pushes to win West Bengal against formidable opposition
       
His ambitious plans are getting a boost from Prime Minister Narendra Modi.Adani has emerged as India’s infrastructure king, diversifying from mines, ports and power plants into airports, data centers and defense -- sectors Modi considers crucial to meeting India’s economic goals. That’s the most after the nation’s two biggest business empires, Tata group and Mukesh Ambani-led Reliance Industries Ltd. The Adani group representative declined to comment.Old LinksLike Modi, Adani hails from the western Indian state of Gujarat. About two decades ago, Adani publicly backed Modi when a crisis threatened to end the rising politician’s career. Adani Enterprises is India’s biggest importer and also a contract miner for 101 million tons annually.
Stripe now valued at $95 billion after raising $600 million
       
Payment processing platform Stripe closed in on another $600 million, putting its current valuation at $95 billion. Video Transcript- All right, let's turn our attention to the world of Decacorns, nearly Centacorns, that will come up $5 billion short strike, raising new money, $600 million, at a valuation of $95 billion, of course Stripe, or-- I'm assuming many of our viewers, at this point, have heard of Stripe, though. Some said as high as $115 billion, some said about $100 billion. But as you said, Stripe, really, you know, the company that does process these kinds of transactions or provides the means for companies to process these transactions. But hopefully, we'll hear more about potential plans for going public soon.
Suez Canal remains blocked amid efforts to free stuck vessel
       
The massive vessel got stuck in a single-lane stretch of the canal, about six kilometers (3.7 miles) north of the southern entrance, near the city of Suez. SUEZ, Egypt (AP) — A giant container ship remained stuck sideways in Egypt’s Suez Canal for a fifth day Saturday, as authorities prepared to make new attempts to free the vessel and reopen a crucial east-west waterway for global shipping. AdvertisementAn official at the Suez Canal Authority said they were planning to make at least two attempts Saturday to free the vessel when the high tide goes down. A maritime traffic jam grew to around 280 vessels Saturday outside the Suez Canal, according to canal service provider Leth Agencies. Apparently anticipating long delays, the owners of the stuck vessel diverted a sister ship, the Ever Greet, on a course around Africa instead, according to satellite data.
Gazprom chairman says Nord Stream 2 gas pipeline to be finished this year despite U.S. pressure - TASS
       
FILE PHOTO: A road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, Germany, September 10, 2020. REUTERS/Hannibal HanschkeMOSCOW (Reuters) - The chairman of Russian gas producer Gazprom’s board was cited by the TASS news agency on Friday as saying that construction of the Nord Stream 2 gas pipeline to Germany would be completed this year despite U.S. opposition to the project. The United States said this week that sanctions against the pipeline were a real possibility. The project, led by Gazprom with its Western partners, aims to deliver Russian gas to Germany under the Baltic Sea. On Friday, Viktor Zubkov, Gazprom’s board chairman, said that work on Nord Stream 2 was already 90 to 92% complete, TASS reported.
One of Canada's top investors, John Ruffolo, is back from the brink with a new $500 million fund
       
I've had American investors, and Canadian investors. In Canada, I'm extremely well-known as an investor and there, it's actually relationship-driven, which is both good and bad. TC: You also see a real market for a Canadian-led firm to invest in Canadian companies versus taking money from American counterparts. Since then, I think we solved in Canada the zero to $10 million problem, then the $10 million to $100 million [challenge]. But starting around 2016 or so, I started to see companies that had $50 million, $60 million, $70 million in revenue starting to plateau, and the issue was global scalability.
$80,000 will sustain NMSU library acquisitions
       
.......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........LAS CRUCES – The Associated Students of New Mexico State University approved a one-time $80,000 appropriation to the NMSU Library after budget cuts included a decision to not renew 433 scholarly publications. The library already had systems in place to allow students to find new content through some of these methods, but this appropriation will allow the library to sustain them for years to come. After seeing news reports, ASNMSU President and Library Student Advocacy & Advisory Council Chair Mathew Madrid asked the NMSU Library’s Interim Dean Katherine Terpis what amount of money would be able to truly help the library. Madrid said the library staff, possibly expecting much less, was elated to learn of the $80,000 figure. By cancelling the 433 subscriptions, the NMSU Library saved the university more than $400,000 in Fiscal Year 2020-21.
State pension rises ‘worthless’ as cost of care and taxes jump
       
The Government’s “triple lock” for the state pension has been branded “worthless” as millions of pensioners struggle to cope with rising living costs. One, Peter Fordham, 90, from Plymouth, said this year’s boost to the state pension wouldn’t come close to meeting the rises he faced in council tax and care costs. Mr Fordham, who lives in sheltered housing where care is available round the clock, said his state pension would rise by £3.35 to £137.60 a week next month. But he said his care costs alone would rise by about £15 a week and his council tax by £4 a week. Mr Fordham, who owns his flat in the sheltered housing scheme, said the income he and his wife received had fallen by £10,000 over the past year.
Suez Canal: Biden offers help as some vessels head for Cape of Good Hope
       
Joe Biden has said the US is looking at what it can do to help free the 400-metre container ship Ever Given from its position blocking the Suez canal as the trade route crisis stretched into a fifth day. And we are seeing what help we can be,” the US president said on Friday in Delaware. Maersk said 22 of its vessels had been affected so far and that it had so far rerouted two of its vessels around the Cape of Good Hope at the southern tip of Africa. Earlier, the Suez Canal Authority (SCA) said efforts to free the ship by tug resumed following the completion of dredging operations at its bow to remove 20,000 cubic metres of sand. Oil prices rose over 3% on Friday as more than 30 oil tankers have remained idle on either side of the canal since Tuesday, shipping data on Refinitiv showed.
The secret flotations that will make investors more than Deliveroo or Moonpig
       
Instead, the chatter and excitement are coming from home offices as bankers plan a bumper year for stock market listings. Analysts expect more than £10bn to be raised in flotations this year, three times last year’s £3.2bn. Some household names have already listed, such as Moonpig, the online greetings card retailer, and Dr Martens, the shoe company. But in this big year for floats it is the smaller companies listing their shares that could actually be smarter investments because they do not come with as much hype. “There is more value in smaller firms.
Expat Premium Bond holders could be cut off from prizes
       
Hundreds of thousands of overseas Premium Bonds customers could have no access to their savings if they fail to secure a British bank account by the summer. National Savings & Investments’ controversial decision to stop sending out prizes by cheque will affect 870,000 overseas Premium Bond holders. However, only 6pc of overseas Premium Bond customers have provided bank details so far, leaving 817,800 to do so. NS&I has required overseas customers to have a British bank or building society account when purchasing Premium Bonds since 2013. An NS&I spokesman said: “For the time being, Premium Bond customers based overseas will continue to receive prize warrants, and we will keep arrangements for overseas customers under review for when we restart.”
Online scammers ruin lives. When will ministers force the tech giants to stop helping them?
       
At the same time, the FCA’s list of companies potentially running investment scams more than doubled from 573 in 2019 to 1,184 in 2020. believes the Government must include the content that leads to scams in its proposed Online Safety Bill. Campaigners like the family of Molly Russell, backed by The Telegraph, have fought admirably to secure much-needed greater protections for young people from hateful and abusive content online. The case to also include the financial and equally devastating emotional harm caused by online scams in this vital legislation is overwhelming. Britain can set the global standard for safety online – but only if we tackle the scammers.
DIY investors line up to order Deliveroo shares despite City backlash
       
Charlie Barton, 25 in London, said he was not put off by the ethical issues fund managers were raising and would buy around £100 of shares. "Big companies are being opportunistic by taking the ethical high ground. The fact retail investors will pay the same price as institutional funds also swayed me," he said. A Deliveroo spokesman said the company "has received very significant demand from institutions across the globe." We communicate with thousands of riders every week and satisfaction is currently at an all time high,” he said.
Prince Harry is surfing a wake of wokery towards an economic abyss
       
But only at the cost of creating meaningless work that serves no real purpose other than making a few people feel important. We used to have a boom and bust cycle in the economy. But step by step we have abolished the "bust" part of the cycle. After a while the non-jobs just keep growing and growing, until we end up with an economy where hardly anyone is doing any proper work - making things or serving customers - at all. In truth, the proliferation of ridiculous job titles is the surest indicator we have that the economy is way too frothy, and overheated.
Osaka YouTubers’ stupid plan to live-stream marijuana dealer’s arrest backfires
       
As luck would have it, this same team of YouTubers, a group of four Japanese men in their 20s and 30s, was also within filming distance of a different marijuana dealer’s arrest in Osaka last August, which they also live-streamed and uploaded to their channel. What is clear, though, is that they broke the law, and the Osaka Prefectural Police have now filed charges against all four of them. It doesn’t take a mater detective to see how the YouTubers’ plan got them in trouble with the law. The specific charge being leveled against them “incitement to possess cannabis for commercial purposes,” and could theoretically complicate the legal cases against the drug dealers themselves. -- Speaking positively about marijuana online leads to arrest of Japanese man and woman-- Kyoto schoolgirl arrested after failing drug test for marijuana use-- Former police drug investigator arrested for drug possession, claims he didn’t know it was drugsExternal Linkhttps://soranews24.com/2021/03/26/osaka-youtubers-stupid-plan-to-live-stream-marijuana-dealers-arrest-backfires-stupidly/© SoraNews24
Big Oil's Embrace of Carbon Pricing Called PR Ploy to 'Avoid Real, Effective Climate Action'
       
"Nobody should fall for the oil industry's new PR ploy, which will do nothing to fight the climate emergency." CNBC noted that "the industry envisions changes to existing regulations following a carbon price policy endorsement." Think oil & gas industry embracing carbon pricing is a good thing? "This is yet another greenwashing tactic wielded by the fossil fuel industry to distract from their disproportionate responsibility for the climate crisis." In fact, fossil fuel corporations like Exxon, BP, Chevron, and ConocoPhillips must pay for the damage they've done to people and the planet."
Georgia Needs the Movie Industry and the NCAA
       
I am hoping someone can put together a concerted effort to pressure the big businesses in the state. Every effort should be made to support the sure to be loud response by the movie industry and the NCAA. If there are any two industries in the state that can apply real pressure, it is those two.
Has inflation been hiding in plain sight?
       
It was the notion that higher prices led workers to demand higher wages which led to higher prices etc. Inflation is what happens when the supply of money in circulation grows more rapidly than the supply of goods and services. And it’s based on the money supply, not workers’ demanding fair wages. The reason the money is hiding in plain sight in the stock market is because of growing inequality. And if the stock market goes down, well, so be it.
Buttigieg says taxing drivers by the mile “shows a lot of promise” and could fund infrastructure
       
Pete Buttigieg floated the idea for a mileage based tax when asked by a reporter which sparked a lot of debate online. Some supported the idea as a good way to transition away traveling in cars and vehicles in favor of public transportation. Many where concerned that it could disproportionately hurt those in rural areas who have trouble affording to travel without having any public transportation available. This has been a complicated and decisive issue for decades that will likely need to be addressed sooner rather than later. x Transportation Secretary Pete Buttigieg says taxing drivers by the mile “shows a lot of promise” and could be a way to fund a big infrastructure overhaul.
Bolsa perde 4% e dólar dispara após anulação de condenações de Lula
       
“A decisão do ministro Edson Fachin, relator da Lava Jato no Supremo, coloca o ex-presidente Lula em condições de concorrer às eleições de 2022”, afirmou a equipe da XP Política em comentário a clientes. “Com Lula elegível, cresce ainda mais a chance deste governo ir totalmente para o populismo”, comentou Alfredo Menezes, sócio-gestor na Armor Capital. Mais cedo, a Bolsa brasileira já operava em queda frente ao avanço da crise sanitária da Covid-19 no país. Copyright Forbes Brasil. É proibida a reprodução, total ou parcial, do conteúdo desta página em qualquer meio de comunicação, impresso ou digital, sem prévia autorização, por escrito, da Forbes Brasil ( [email protected] ).
Financial Press Fears Brazilians Will Be Allowed to Elect President of Their Choice
       
But far from celebrating the news, the financial press is very disappointed that the world’s most popular politician is finally free again. “Stock Exchange Loses 4% and Dollar Rises After Lula Charges Annulled,” ran Forbes Brasil’s headline (3/8/21). The financial press has long been afraid of what Lula’s liberty would mean for the profits of its readers. This is in complete contrast to two years ago, when the financial press lauded the election of the fascist Bolsonaro (FAIR.org, 10/31/18). Financial media were all too happy to see a far-right authoritarian gain power, as long as he implemented pro-rich policies.
US DOJ gives Lava Jato $682 million kickback
       
By Brian MierOver the past 4 years, as most Anglo media completely ignored the issue, Brasil Wire has extensively covered US government involvement in the Lava Jato corruption investigation. We documented how the Lava Jato investigation appears to have been planned at a 2009 meeting between the DOJ and Brazilian public prosecutors office, and how DOJ officials visited Sergio Móro in Curitiba during the investigation. This transfer, which essentially constitutes a kickback to the Lava Jato task force for its help in sabotaging Brazil’s national development strategy, turning its oil reserves over to US corporations, attacking the PT party and jailing Lula, is valued at $682,560,000. In 2014, President Dilma Rousseff issued a decree earmarking 100% of Petrobras’ royalties to the Public Health and Education systems. Ironically the Lava Jato task force, which was hailed in the Anglo Media as being a heroic group of impartial corruption crusaders, is now slated to benefit from its own shady Petrobras deal.
Analysis: Brazil markets, on shaky foundations, rocked by Lula bombshell
       
FILE PHOTO: A man leaves a currency exchange office in Rio de Janeiro, Brazil, August 31, 2015. REUTERS/Ricardo MoraesThey have now been rocked to their foundations - even if the October 2022 vote remains far on the horizon. (Graphic: Brazil rates spread, )The benchmark Bovespa stock market index is down more than 15% in dollar terms this year, making it the worst-performer among the world's major equity indices. But he has recently shown a desire to keep the spending taps open, despite the government’s record debt and deficit, much to the market’s dismay. “But while higher rates might help to shore up the real and dampen inflation expectations, they would also worsen Brazil’s debt dynamics.”
As Brazil tilts rightward, Lula’s leftist legacy of lifting the poor is at risk
       
The Brazilian senate’s impeachment of President Dilma Rousseff in August ended about 13 years of center-left government by the Workers Party (PT). During this study, I made frequent trips to Brazil and witnessed the remarkable rise of Lula and his Workers’ Party (PT). Under Lula, it seemed, Brazil had finally turned the corner on the boom and bust cycles of the past. Now, with Lula indicted, his successor impeached and the new president promising to take the country to the right, is his legacy as the president of poor Brazilians at risk? Although President Rousseff has never been accused of direct involvement, it occurred on her watch.
Brazil judge annuls Lula's convictions, opens door to 2022 run
       
Bolsonaro, speaking to reporters in Brasilia, said he hoped the decision is overturned when it is reviewed by the full Supreme Court. He added that he did not believe Brazilians wanted Lula to run next year. In a note, Lula’s legal team said the decision on Monday was recognition that the former president was innocent. It found that 50% of the 2,002 people it interviewed “would certainly” or “could” vote for Lula, compared with 38% for Bolsonaro. Some 44% of respondents said they would never vote for Lula, while 56% would never vote for Bolsonaro, the poll found.
Biden's Inner Circle Maintains Close Ties To Vaccine Makers, Disclosures Reveal
       
The proposals have been fiercely opposed by American drugmakers, including Pfizer, a pharmaceutical giant that Thomas-Greenfield's former consulting firm has recently counted as a client. The firm, which represents Pfizer, specializes in helping large corporations understand and influence international trade policy, including on intellectual property. Eric Lander, the White House science adviser, holds up to $1 million in shares of BioNTech, Pfizer's partner for its coronavirus vaccine. Chiquita Brooks-LaSure, Biden's pick for Centers for Medicare & Medicaid Services, previously served as an attorney advising both Pfizer and Gilead on federal policy issues. The White House has previously said that Lander will be recused from "any such matters related to COVID vaccines" until he divests from his holdings in BioNTech.
Workers in Bessemer are “gonna start a movement”
       
After a year of workers organizing, signing union authorization cards, enduring constant union-busting efforts from management, and participating in an election, the historic union drive at the Amazon fulfillment center in Bessemer, Alabama, is coming to a close. Vote counting will begin on March 29, and we will know soon after if 5,800 warehouse workers in Bessemer will become the first unionized Amazon workforce in the U.S. Longtime poultry plant worker and current lead organizer for the Retail, Wholesale, and Department Store Union (RWDSU) Mid-South Council Michael “Big Mike” Foster has been fighting with and for Amazon workers throughout the union drive. In the latest installment of our special TRNN series “Battleground Bessemer,” Foster explains why the union struggle at Amazon is so significant for workers in Bessemer, for their communities, and for the labor movement writ large. To see more of our in-depth coverage of the historic Amazon union drive in Bessemer, which we’ll be bringing you throughout the month of March, subscribe to our YouTube and podcast channels, and visit the “Battleground Bessemer” series page on our website.
Australian Treasury flags 150,000 job losses as JobKeeper ends
       
This month, University of Melbourne economist Professor Jeff Borland estimated up to 250,000 jobs would be lost once JobKeeper ended. In the far north Queensland city of Cairns, 1,821 businesses received JobKeeper payments in December, in a population of less than 160,000. While part-time employment in goods-related industries covering retail, mining and manufacturing grew by around 25,000, twice that number of full-time jobs were lost in that sector. Small increases in mining and utilities positions were vastly outweighed by the destruction of more than 100,000 full-time jobs in manufacturing, wholesale trade and logistics. During the first wave of the pandemic, around 40,000 full-time jobs were even lost in health care and social assistance.
Ship stuck in the Suez Canal disrupts global trade, but makes good memes
       
Sal Mercogliano, a professor and former merchant mariner, explains to Ali Velshi why the massive cargo ship stuck in the Suez Canal is not only inspiring a wave of memes, but it will also increase prices for consumers in the United States and the rest of the world. Sal says, "This is going to get exponentially worse."
Gun control fails quickly in Congress after each mass shooting, but states often act – including to loosen gun laws
       
Voluntary markets are organized and operated by a diverse range of groups where anyone can participate. Because of the wave of net-zero pledges and subsequent demand for offsets, voluntary carbon markets are under pressure to expand quickly. It also identifies and proposes solutions to some persistent challenges and critiques of voluntary carbon offset markets. Some critics of the blueprint argue that it overlooks deeper problems rooted in the overall reliance on and effectiveness of voluntary carbon markets as a solution. These and other challenges expose voluntary carbon markets to potential manipulation, greenwashing, unintended consequences and, regrettably, failure to achieve their purpose.
LETTER: Let bicyclists use the sidewalks
       
Much has been written about safety for bicyclists. Present narrow bicycle lanes are mostly squeezed between a regular vehicle lane on the left and a right turn lane for vehicles on the right. (Michael Quine/Las Vegas Review-Journal) @Vegas88sMuch has been written about safety for bicyclists. Present narrow bicycle lanes are mostly squeezed between a regular vehicle lane on the left and a right turn lane for vehicles on the right. I suggest bicyclists be allowed to use sidewalks, thus keeping them away from these car lanes.
LETTER: The reality of large minimum wage hikes
       
(Las Vegas Review-Journal)As a distribution center manager for several years in Las Vegas, I can speak to the issue of living wages. In a 750,000-square-foot facility with more than 500 associates, our greatest cost of doing business was wages and benefits. As we approached $15 an hour ($30,000 annually plus benefits), we saw our profit squeezed by Amazon and others. It soon became clear that only the companies with the most efficient supply chains would survive in the world of e-retail. Robots come to work every day, work as safely as programmed, don’t take vacations, don’t come to work under the influence and don’t push back on their bosses.
Japanese firms fear logistics disruption as Suez Canal blockage continues
       
Concern is growing over the disruption of logistics after a large container ship ran aground in the Suez Canal recently and blocked the key waterway. According to major Japanese shipping company Nippon Yusen K.K., 10% of the world’s total container traffic is between Asia and Europe and almost all of it uses the Suez Canal. There is also concern that the global container shortages since autumn last year may worsen if the Suez Canal blockage causes more containers to remain stuck on ships. “We sincerely apologize for causing great concern,” said Yukito Higaki, president of Shoei Kisen Kaisha Ltd., which owns the 220,000-ton vessel. The Shoei Kisen chief said the cause of the stranding is still under investigation, but that a sudden change in weather conditions may have made visibility poor.
Japan eyes extending its own sanctions on North Korea
       
Japan is considering extending its sanctions against North Korea, with the aim of keeping pressure on Pyongyang to denuclearize and resolve its abductions of Japanese nationals, a government source has said. The sanctions include a total ban on bilateral trade and forbid the entry into Japan of North Korean-registered ships and vessels that have stopped at a North Korean port. The move comes after North Korea fired two ballistic missiles off its east coast on Thursday, the first such provocation in a year, in violation of U.N. Security Council resolutions. Japan launched unilateral sanctions against North Korea in 2006, banning imports from the reclusive country and the entry of affiliated vessels. It has since expanded the scope of the sanctions with ongoing updates, such as by adding a prohibition against exports to North Korea in 2009.
COVID-19 cuts jobs and boosts stocks, widening economic gap in Japan
       
Economic fallout from the coronavirus pandemic may have widened the gap between the nation’s rich and poor. Meanwhile, the pandemic took a toll on nonregular workers, many of whom work in service sectors. The number of regular employees rose 360,000 in 2020 from a year earlier, but that of nonregular workers dropped 750,000, according to Ministry of Internal Affairs and Communications data. Ryutaro Kono, chief economist at BNP Paribas Securities (Japan) Ltd., said that unstable nonregular employment is one of the reasons for the slow economic recovery in recent years. If consumer spending becomes sluggish as nonregular workers cut expenditures on fears of being laid off during recessions, “the recovery of the Japanese economy will continue to be lackluster,” Kono warned.
7 things you really shouldn’t be buying with that $1,400 stimulus check
       
Stimulus checks are quickly making their way into Americans’ bank accounts and mailboxes. Americans have complete freedom to decide how they spend their stimulus checks, but consumer advocates advise caution on some tempting purchases. Bitcoin and meme-stocksSome $40 billion in stimulus money is estimated to go toward purchasing bitcoin BTCUSD, +1.29% , according to a recent Mizuho Securities survey. But the demand stemming from stimulus checks will only push bitcoin’s value higher in the short-term, said James Ledbetter, editor of fintech newsletter FIN. “Your income hasn’t really changed — your debt-to-income ratio is still the same,” he said referring to the stimulus check funds.
My father-in-law gave me his late mother’s car to drive. It’s now in my name. How do I sell it — without hurting his feelings?
       
I would love to use the car for trade-in value, and not have to be out of pocket completely for a second car. But I know this will cause him to become extremely upset to see the car “leave the family.”So how do I get his permission to sell the car that’s legally mine — without upsetting his feelings? Asking him to buy a car back from you that he gave to you for free would seem like an ungracious act. He gave you this car to help you out and, while it’s legally your property now, it appears that the understanding was that you got to drive this car as a favor. Post your questions, tell me what you want to know more about, or weigh in on the latest Moneyist columns.
Intel's 'Strategic Faux Pas' Could Be AMD's Gain Says Northland Capital Analyst
       
He reinforced plans to deliver a “partial” normalization, meaning officials wouldn’t take borrowing costs to a neutral level -- neither stimulative or restrictive. Traders reacted by pushing short-end rates down about 10 basis points, paring gains of as much as 45 basis points since the March 17 decision.“Brazilian markets are completely dominated by short-term dynamics,” said Alejandro Cuadrado, head of Latin American currency strategy at BBVA in New York. Throughout the week, banks including Morgan Stanley and Barclays also revised up their estimates for inflation.The nation’s one-year inflation breakeven is still higher than official estimates, standing at 5.44%. (Updates with Bank of America’s comment in 11th paragraph and Brazil’s real performance in third to last paragraph. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Duterte Backs Rise in Pork Imports as Supply Crunch Fans Prices
       
Bloomberg(Bloomberg) -- Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. The recent setbacks could further delay an expected second-quarter recovery in output. The company’s Lansing Grand River plant in Michigan is extending downtime by two weeks. “Our manufacturing and supply chain teams are working diligently to resume normal operations as quickly as possible by evaluating the supply constraint and developing countermeasures to minimize further impact to production,” the company said in an email. 5: The Mercedes-Benz plant in Tuscaloosa, Alabama, was “running as planned,” a Daimler spokesperson said.Hyundai Motor Co.Feb.
Silicon Valley heavyweights like Eric Schmidt, Laurene Powell Jobs, and Reid Hoffman show support for California Gov. Newsom as he faces a recall election over his pandemic response
       
Justin Sullivan/Getty Images; John Lamparski/Getty ImagesDozens of tech leaders signed a letter opposing a Republican-led effort to recall California's governor. Dozens of the tech industry's top brass have signed a letter opposing a recall election effort designed to drive California Gov. Conway told Politico that the recall effort is "the last thing our state needs right now." The letter also asks residents to publicly oppose the "well-funded, politically motivated recall effort against Governor Gavin Newsom" that threatens to impede upon that success. Newsom has since admitted that he made missteps in his handling of the pandemic but said the recall effort has more to do with politics than anything else.
Plan made to refloat ship blocking Suez Canal using tide
       
A team from Boskalis, a Dutch firm specializing in salvaging, was working with the canal authority using tugboats and a specialized suction dredger at the port side of the cargo ship's bow. “It’s a complex technical operation” that will require several attempts to free the vessel, Lt. Gen. Osama Rabei, head of the Suez Canal Authority, said in a statement. The Suez Canal Authority has said it welcomed international assistance. A maritime traffic jam grew to more than 200 vessels Friday outside the Suez Canal and some vessels began changing course. Satellite and photos distributed by the canal authority show Ever Given’s bow touching the eastern wall, while its stern appeared lodged against the western wall.
Eligibility for vaccines rapidly expanding across US
       
The federal government is preparing to distribute as many as 35 million doses next week, according to a federal official. Of the vaccine doses given globally, about three-quarters have gone to only 10 countries. They can use tax-favored health accounts — health flexible spending arrangements, Archer medical savings accounts, health reimbursement arrangements, or health savings accounts — to pay for those costs. AdvertisementMore than 87 million have received at least one dose of a coronavirus vaccine, according to a New York Times database. Clinical trials of the vaccines were designed only to assess whether the vaccines prevent serious illness and death.
AG sues owner of shuttered North Andover driving school that owes $1 million to students
       
North Andover Auto School closed in October, when the Registry of Motor Vehicles revoked its licenses after owner Michael Larocque was arrested the previous month, the office of Attorney General Maura Healey said in a statement. The attorney general’s office filed a lawsuit Thursday against the owner of a North Andover driving school that closed after the owner was arrested last year for trafficking methamphetamines, allegedly leaving 1,500 students without lessons or the more than $1 million they had prepaid, officials said. Prosecutors are also seeking a preliminary injunction to preserve Larocque’s assets to be used to repay students, the statement said. Larocque taught lessons at the school, which mostly served teenage students on the North Shore, in addition to owning and operating it, according to the statement. The RMV reached out to the attorney general’s office for help in securing financial restitution for students, she said.
Richland Hills police say patrol vehicle was shot with officers inside
       
Police in Richland Hills say one of their vehicles was shot late Thursday while officers were inside it. According to police, a sergeant and a probationary officer were parking the marked unit when they heard multiple gunshots, one of which hit the vehicle. The officers drove to the other side of the building to seek cover. Neither officer was injured, and authorities are continuing to investigate. “We were extremely fortunate that no one was injured from this direct attack,” police Chief Kimberly Sylvester said in a written statement.
Judge: False unemployment fraud suit can proceed
       
A federal judge has ruled that people whose Michigan unemployment claims were wrongfully rejected as fraudulent by a computer system can sue the developers and state officials. U.S. District Judge David M. Lawson dismissed one plaintiff and three defendants Thursday but ruled the case will move forward. The AG's office is representing high-ranking officials from the state’s Unemployment Insurance Agency named in the complaint, including former UIA director Sharon Moffett-Massey. At issue is the state’s robo-adjudication system that's part of the $47 million Michigan Integrated Data Automated System (MiDAS) purchased from FAST by the state Unemployment Insurance Agency. The system, meant to identify suspected fraud, falsely accused more than 40,000 people of filing fraudulent unemployment claims.
Biden says he suggested to U.K.'s Johnson a plan to rival China's Belt and Road
       
U.S. President Joe Biden said he suggested to British Prime Minister Boris Johnson in a phone call on Friday that democratic countries should have an infrastructure plan to rival China’s Belt and Road initiative. “I suggested we should have, essentially, a similar initiative, pulling from the democratic states, helping those communities around the world that, in fact, need help,” Biden told reporters. The project would significantly expand China’s economic and political influence, raising concerns in the United States and elsewhere. Over 100 countries have signed agreements with China to cooperate in BRI projects like railways, ports, highways and other infrastructure. However, China said last year that about 20% of BRI projects had been “seriously affected” by the coronavirus pandemic.
Suez Canal steps up efforts to free stuck vessel as U.S. watches energy market impact
       
Dredging and tugging aimed at freeing a mega-vessel stuck in the Suez Canal failed on Friday to end a blockage that has lifted shipping rates for fuel tankers and scrambled global supply chains for everything from grains to baby clothes. The Suez Canal Authority (SCA) could not immediately be reached for comment. A Dutch rescue team had confirmed two additional tugs would arrive on March 28 to help dislodge the ship, BSM said. Oil rose over 3% on Friday as more than 30 oil tankers have been waiting on either side of the canal since Tuesday, shipping data on Refinitiv showed. Egypt’s SUMED pipeline operator approached crude traders to see whether they wanted to book space in the system but so far traders prefer to wait to avoid high additional costs.
Chestnut Park Real Estate Limited
       
REAL ESTATE LIMITED, BROKERAGE CHRISTIE'S INTERNATIONAL REAL ESTATE OUR GLOBAL PARTNER FIRO PAWY www.eileenfarrow.com CENTRE ICE SOUTH LEASIDE $3,895,000 Stunning custom home where no details were missed, no costs spared! Chefs kitchen with 10ft centre island open to stunning family room and opens to sunny South garden. Eileen Farrow* *SALES REPRESENTATIVE **BROKER 416.925.9191 | www.CHESTNUTPARK.COM PUNE CHESTNUT PARK. REAL ESTATE LIMITED, BROKERAGE CHRISTIE'S INTERNATIONAL REAL ESTATE OUR GLOBAL PARTNER FIRO PAWY www.eileenfarrow.com CENTRE ICE SOUTH LEASIDE $3,895,000 Stunning custom home where no details were missed, no costs spared! Chefs kitchen with 10ft centre island open to stunning family room and opens to sunny South garden.
SATURDAY, MARCH 27, 2021 Ad
       
PUBLIC INQUIRY Call for Applications for Participation (Standing) The Joint Federal/Provincial Commission into the April 2020 Nova Scotia Mass Casualty is an independent public inquiry created to examine the April 18-19, 2020 mass casualty in Nova Scotia and to provide meaningful recommendations to help protect Canadians in the future. We are seeking completed applications by April 6, 2021. MassCasualtyCommission.ca/participation MASS CASUALTY COMMISSION COMMISSION DES PERTES MASSIVES PUBLIC INQUIRY Call for Applications for Participation (Standing) The Joint Federal/Provincial Commission into the April 2020 Nova Scotia Mass Casualty is an independent public inquiry created to examine the April 18-19, 2020 mass casualty in Nova Scotia and to provide meaningful recommendations to help protect Canadians in the future. We are seeking completed applications by April 6, 2021. MassCasualtyCommission.ca/participation MASS CASUALTY COMMISSION COMMISSION DES PERTES MASSIVES
SATURDAY, MARCH 27, 2021 Ad
       
TORONTO.1900 MARSHALL. MATTRESS INTRODUCING The Marshall Mattress Curated Series Charlevoix -Jasper -Muskoka HANDMADE-NATURAL-2 Sided 20% OFF SALE Manderley H Fine furniture for AUTHORIZE the way we live today. DEALER FINE FURNITURE 416-486-3045 | 416-809-1032 545 Mount Pleasant Road, Toronto | Email: sales@manderleyfinefurniture.com www.manderleyfinefurniture.com TORONTO.1900 MARSHALL. MATTRESS INTRODUCING The Marshall Mattress Curated Series Charlevoix -Jasper -Muskoka HANDMADE-NATURAL-2 Sided 20% OFF SALE Manderley H Fine furniture for AUTHORIZE the way we live today. DEALER FINE FURNITURE 416-486-3045 | 416-809-1032 545 Mount Pleasant Road, Toronto | Email: sales@manderleyfinefurniture.com www.manderleyfinefurniture.com
SATURDAY, MARCH 27, 2021 Ad
       
Ferest Hill EXCELLENT SERVICE EXCEPTIONAL RESULTS! REAL ESTATE INC BROKERAGE WELCOME TO SPRING 2021 TORONTO REAL ESTATE MARKET THE BEST TIME TO BUY/SELL! OPPORTUNITY IS NOW! REAL ESTATE INC BROKERAGE WELCOME TO SPRING 2021 TORONTO REAL ESTATE MARKET THE BEST TIME TO BUY/SELL! OPPORTUNITY IS NOW!
Warren Buffett's favorite market gauge surges to record high, signaling global stocks are overpriced and poised to tumble
       
Warren Buffett's favorite metric suggests global stocks are pricier than ever. Warren Buffett's preferred market gauge has surged to an all-time high, signaling global stocks are extremely overpriced and could crash in the coming months. The global version of the "Buffett indicator" has breached 123%, surpassing its previous record of 121% during the dot-com bubble. A reading of 100% or more suggests the global stock market is overvalued relative to the world economy. Here's the global version of the Buffett indicator:Bloomberg data
China's Jan-Feb industrial profits surge in boost to economic recovery
       
BEIJING (Reuters) - Annual profits at China’s industrial firms surged in the first two months of 2021, highlighting a rebound in the country’s manufacturing sector and a broad revival in economic activity from the coronavirus crisis early last year. They were also up 72.1% from the 2019 levels, bringing the two-year average growth to 31.2%, according to NBS. China managed to contain the COVID-19 pandemic before many of its peers last year, making it the only major economy to have posted full-year growth in 2020, with an expansion of 2.3%. Liabilities at industrial firms were up 9.4% year-on-year at end-February, versus 6.1% growth as of end-2020. The industrial profit data covers large firms with annual revenues of over 20 million yuan from their main operations.
Here comes the sun: 5 luxury homes’ outdoor spaces that are ideal for springtime living in North Texas
       
Texas may have what feels like a minute-long spring season, but this year is worth celebrating after a record-breaking winter. These five luxury North Texas homes have outdoor living spaces perfect for optimizing all the warm (but not too warm) weather we’re getting now. (Stephen Reed Photography)An idyllic sceneIn the backyard behind this historic Spanish Colonial home, the patio surrounds a pool and there’s a particularly idyllic feature: a gazebo. A look at 5024 Bryce Ave. in Fort Worth, TX. The home features an upstairs and downstairs back patio along with more space that surrounds the outdoor pool.
Liberty Township sponsors a traveling Easter egg hunt due to COVID-19 restrictions
       
– This year’s Easter egg hunt won’t look like any other Liberty Township has ever hosted. Families participating in this year’s event will be traveling to businesses throughout the township hunting for a decal egg somewhere at the location. “We’re making a change from the traditional gathering due to COVID-19,” said Caroline McKinney, township spokeswoman and economic development director. “We wanted to give the community a safe, socially-distanced activity.”Families will be asked to match at least 15 of the 25 egg decals posted at participating businesses. The township has given the businesses a limited amount of trinkets and candy to hand out to families as they hunt for the decal.
E+O Restaurant Group to open two new restaurants downtown
       
E+O Restaurant Group is opening two new restaurants this summer. Anthony Castelli, the Marketing Director at Earth & Ocean Restaurant Group, said they're going to bring the E+O Kitchen concept to the Banks. "I think E+O kitchen Hyde Park provides that ambiance and we’ll do the same thing at the Banks." The Hyde Park location opened in 2015 under one owner and in 2019, four new partners joined the E+O Restaurant Group. This announcement comes after the E+O restaurant group opened FB's Kitchen & Lounge at 126 West 6th Street earlier this month.
West Chester Twp. trustees set aside money for non-union employee merit raises
       
– Seventy six West Chester Township employees not represented by a union are eligible for merit pay raises of up to 4%. Township trustees set aside a pool of up to $155,518 for the 2021 raises, which represents about 3.5% of the $5.4 million payroll for non-contract employees. The merit pay pool of money was first adopted by the township in 2006, replacing across-the-board, percentage increases that had been in use. Those 21 that received pay raises based on the study are not eligible for the merit raises this year. The pay raises will take effect beginning with the pay period closest to July 1.
New soul food restaurant will add flavor to Over-The-Rhine's growing mix of Black-owned businesses
       
"We outgrew the space at Findlay Kitchen and decided it was time for us to maybe find a bricks-and-mortar location.'' Today, Black-owned businesses comprise more than a quarter of 3CDC's street-level commercial tenants in OTR, according to spokesman Joe Rudemiller. All told, 18 of 69 street-level businesses that 3CDC leases space to in OTR are Black-owned, according to Rudemiller. "The momentum is just getting started,'' Gunnels said. "We want the retail, the service, the office and food-and-beverage businesses because that just adds to the vibrancy of the neighborhood.''
Home Showcase: Sherborn gentleman’s farm fits the bill for all
       
What will the new owners of Brondwoodmead — an idyllic gentleman’s farm in Sherborn — do with the nearly 18 rolling acres of orchards, pastures, and — get this — a Christmas tree farm? A four-horse barn, outdoor ring, paddock, and riding trails around the property also make Brondwoodmead an equestrian’s dream. The lavish main house features windows galore, with every room allowing an expansive view of the tree-lined grounds. From the awe-inspiring great room with copper-topped wood burning fireplace to the sunny, skylit family room and intimate dining room, the property is an elevated country home. When not working on the farm, working from home is a breeze — the home office includes a separate entrance, fireplace, and bathroom.
Oil, coffee, toilet paper and more supplies jammed by ship stuck in Suez Canal
       
The skyscraper-sized vessel container ship stuck sideways in the Suez Canal is costing the shipping world $400 million an hour. The blockage is not only threating gas and oil supplies it is also causing shortages of toilet paper, coffee, furniture, exercise equipment and liquified natural gas. About 10% of world trade flows through the canal, which is particularly crucial for transporting oil. Dredgers have stopped removing sand around the bow of the vessel and tugboats were preparing another towing attempt, said Lt. Gen. Osama Rabei, head of the Suez Canal Authority, in a statement Friday night. The Suez Canal Authority said it welcomed international assistance.
Massachusetts unemployment rate falls to 7.1%
       
Employers added 14,100 jobs in February as the state’s unemployment rate fell to 7.1% — still above the national average. The joblessness rate dropped 0.7 percentage points from January, and it now stands at the lowest level since the COVID-19 pandemic hit more than a year ago. February’s rate was 0.9 percentage points higher than the national rate of 6.2%. The Massachusetts unemployment rate remains more than twice as high as the 2.7% joblessness rate reported in March 2020, according to Bureau of Labor Statistics data based on a household survey. Overall employment in Massachusetts remains about 325,000 jobs below February 2020 levels.
Joe Biden invites 40 world leaders to virtual summit on climate crisis
       
Joe Biden has invited 40 world leaders to a virtual summit on the climate crisis, the White House said in a statement on Friday. The president kept his campaign pledge to rejoin the Paris climate agreement on his first day in the White House, after Trump pulled out of the deal. “The summit will also highlight examples of how enhanced climate ambition will create good-paying jobs, advance innovative technologies, and help vulnerable countries adapt to climate impacts,” the White House said in a statement. Biden dispatched his climate envoy, the former secretary of state John Kerry, to prepare the ground for the summit in meetings with European leaders earlier this month. In an assessment of pledges made in recent months by around 75 countries and the European Union, UN Climate Change said that only about 30% of global emissions were covered in the commitments.
In bidding confusion at Sotheby’s, unseen Van Gogh initially sells for €16.2m but is then resold for €13m at end of auction
       
Courtesy of Sotheby’s/ArtDigital StudioAn 1887 painting by Vincent van Gogh, which has never before been exhibited, sold for €11.2m (€13m with fees) at Sotheby's Paris. But several lots later, Vandevoorde announced that the sale would be reopened at the end of the auction. Overall the Paris sale brought in a healthy €37m ($43.8m with fees) against a high estimate of €28.9 ($34.1m, calculated without fees). It sold to an Asian collector, following underbidding from Sotheby’s Old Masters team, and made £16.3m ($22.3m, with fees) against a high estimate of £12m. Courtesy of Sotheby'sBut before viewers were dismissed, Sotheby's had one last surprise up its sleeve (no, not another recalled painting).
Subscribe to read
       
Make informed decisions with the FTKeep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust.
Suez Canal ship may be freed by Saturday
       
SUEZ, Egypt—Efforts to free a ship wedged into the bank of the Suez Canal, blocking traffic through the critical waterway, progressed significantly late Friday, people familiar with the operations said, raising hope among authorities that the ship could be dislodged as early as Saturday, and the canal cleared for the resumption of traffic soon after. An attempt to refloat the vessel earlier Friday wasn’t successful, according to the ship management firm for the vessel. More diggers are being brought in and salvage teams are making plans to siphon out fuel and ballast water to lighten the ship, according to one person involved in the operation. White House press secretary Jen Psaki said the Biden administration sees "some potential impacts on energy markets" due to the vessel blocking the Suez Canal. SUEZ CANAL MAY JEOPARDIZE YOUR MORNING CUP OF JOEMany shipowners have now decided to reroute.
Insurers May Be on Hook for Millions Tied to Suez Canal Crisis
       
(Bloomberg) -- There were potentially thousands of insurance policies taken out on the steel boxes stacked high on the massive boat blocking the Suez Canal and upending world trade. The Suez Canal’s own policies suggest it’s not to blame, even if its pilots were at the helm of a ship that ran aground. And the insurers for cargo on board will in turn file claims against Ever Given’s owners, who will turn to their insurers for protection. While that didn’t disrupt global trade like the Suez incident has, it required a huge salvage operation.??The task of pinning the blame hasn’t been made any easier by the Suez Canal Authority’s rules of navigation. The ship’s owners have said that two Suez Canal Authority pilots were on board at the time of the incident.
Mexico President Presents Energy Bill to Give Pemex More Control
       
While the president claims that private-sector investors are ransacking Mexico’s energy riches, some critics say that all he has achieved is to stall power generation projects that would actually help Mexico cut gas purchases from north of the border. This month, the president managed to pass a bill that gives CFE priority over solar and wind plants when selling electricity on the grid. His government has sought to favor the state utility in the power market even before this month’s contentious bill. About 200 energy projects have been stalled, while competitive bidding rounds for new energy investments have been suspended. The move was bound to have serious implications to Mexico, as Javier Lopez Ramos, the chief executive officer of Pemex’s gas-trading unit, pointed out in a letter to the Texas energy regulator that same day.
An Insurgent Online Auto-Parts Vendor Has a Disruption Plan: Making Tire Changes Easy
       
Here’s the plan: Customers can buy tires online and book an installation appointment at the same time. Parts iD built its e-commerce platform to make shopping for car parts easier—for professional mechanics and for do-it-yourselfers. The company is still small, with sales in 2020 at about $400 million, and a market capitalization of $300 million. Companies the size of Parts iD average about three analysts covering their stocks. On Tuesday, Parts iD picked up its first analyst and its first Buy rating.
REFILE-Britain nearing vaccine deal with European union- The Times
       
Bloomberg(Bloomberg) -- Follow @Brexit and sign up to our Beyond Brexit newsletter.Britain and the European Union took their first step since Brexit to cooperate on financial services, agreeing on a new forum to discuss market regulation.The move could help finance firms in the City of London to eventually win back some access to the single market they lost when the U.K. left the EU.The two sides have agreed a memorandum of understanding on financial services, the U.K. Treasury said in a statement. It is separate from any decision on equivalence, a series of unilateral rulings that each side can make that offer market access to financial services.The pound rose 0.6% to a session-high $1.3812 immediately after Bloomberg reported the news earlier.”It’s a positive for sure,” said Jordan Rochester, currency strategist at Nomura International Plc. The trade agreement signed by the two sides last year largely sidelined the finance industry, and the EU has said since that it’s in no rush to grant “equivalence” findings that would restore British firms’ trading rights.Brussels has fretted that the U.K. is veering from EU standards, taking it further away from “equivalent” status. It also says the forum’s activities include:informal consultations on decisions to adopt, suspend or withdraw equivalencekeeping the two sides informed on supervision and enforcement of rulessharing information and analysis about the financial industry, including on taxation and efforts to fight money laundering(Updates with U.K. Treasury statement in third and fourth paragraph. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Hull residents divided over proposed marijuana facility
       
A proposed medical marijuana growing and selling facility in the old Atlantic Aquarium building at the edge of Nantasket Beach in Hull has generated dueling petitions for and against the plan. In 2007, a local group proposed turning the space into a performing arts center, but the idea fizzled out. Entrepreneur Sean Power bought the property for $900,000 at the end of 2019, and teamed with Hull native Jeffrey Shaheen to form Latitude 42 Therapeutics and develop the medical marijuana plan. In their July 8 Zoom presentation to the Hull selectmen, Power and Shaheen said the company would invest $4 million to $6 million in the facility and create nearly 100 jobs – including 30 that are permanent year round. Hull residents voted in favor of legalizing medical marijuana in the 2012 state ballot, and town officials have approved a smaller medical marijuana dispensary in another location farther from the beach on George Washington Boulevard.
Some local businesses having trouble filling job openings
       
A number of companies in Nevada are reporting difficulty filling positions at a time when the state’s unemployment rate remains high. Juanny Romero, owner of Mothership Coffee, at Mothership's Saint Rose Parkway location on Friday, March 26, 2021, in Henderson. (Ellen Schmidt/Las Vegas Review-Journal) @ellenschmidtttJuanny Romero, owner of Mothership Coffee, at Mothership's Saint Rose Parkway location on Friday, March 26, 2021, in Henderson. February’s unemployment rate was 8.3 percent, slightly down from 8.5 percent in January but up by 4.6 percent year-over-year. Shortly after the state-mandated shutdown in March, the Mothership Coffee downtown location lost about 90 percent of its business.
MSG Sphere developer looks to expand with MSG Networks merger
       
MSG Entertainment Corp., parent company of the MSG Sphere at The Venetian, is looking to grow with a merger that may include an entry into a sports wagering partnership. (Michael Quine/Las Vegas Review-Journal) @Vegas88sThe company that is building the MSG Sphere at The Venetian, Madison Square Garden Entertainment Corp., is looking to expand with a merger with MSG Networks Inc., executives of the company announced Friday. MSG Networks was first formed in 2015 after it was spun off the sports and entertainment division into a separate company. Upon the closing of the transaction, MSG Networks shareholders would receive 0.172 shares of MSG Entertainment Class A or Class B common stock for each share of MSG Networks Class A or Class B common stock they own. Madison Square Garden Entertainment Corp. shares, traded on the Nasdaq exchange, closed down $8.86, 9.4 percent, in light trading Friday, finishing at $85.08 a share.
Brick Jones Mcbrien & Hickey
       
How do I get my business listed? Our directory features more than 18 million business listings from across the entire US. However, if we're missing your business, just click below to request that it be added. Both of our upgraded services will list you towards the top of the search results. A Power account puts your business right near the top!
Charlie Baker signs Massachusetts climate bill
       
Charlie Baker signed a broad climate bill on Friday, slashing emission targets and promoting green energy. “We’ll be working hard to reach the ambitious emission reduction targets, in a science based equitable affordable manner,” Baker said after the 6-foot-6 governor sat down at a little desk to throw his John Hancock on the bill. The new law requires that greenhouse gas emissions in 2030 be at least 50% lower than 1990 emissions, that 2040 emissions be at least 75% lower and that 2050 emissions be at least 85% below 1990 emissions. The nuts and bolts of the bill changed over the past few months as it made it out of conference committee and then was reworked around a Baker veto. Baker said that in Massachusetts, “Climate change has not been, ever, been a partisan issue.”Also in the press conference, Baker said he hasn’t yet scheduled a vaccine appointment.
Beshear touts spending relief funds on hurting Kentuckians
       
As part of his plan, the governor proposed allocating $475 million in direct aid to qualifying low-income households. Beshear proposed another $200 million in assistance to qualifying small businesses suffering revenue losses due to the pandemic. The governor's proposal calls for spending $500 million on water and wastewater projects — part of infrastructure improvements that Beshear says can be completed with the federal aid. The assistance “gives us an opportunity to provide clean drinking water to every single Kentucky county,” Beshear said this week. It gives us the type of funding to run fiber and provide broadband to every single home in our commonwealth.”
Lawmakers, social service agencies ask Ducey to reinstate eviction moratorium
       
About 40 Arizona Democratic lawmakers are asking Republican Gov. Doug Ducey to reinstate an eviction moratorium when the federal one ends Wednesday. The letter requests that the state impose a moratorium for three months, or until the state and local agencies can distribute new rental assistance funds. Arizona is reportedly receiving $374 million in emergency rental assistance. The U.S. Centers for Disease Control and Prevention’s moratorium is set to expire March 31 and so far there is no indication it will be extended.
USA Today editor accuses company of being 'subservient to white authority' after she was fired for a tweet
       
New York (CNN Business) A race and inclusion editor for USA Today's Sports Media Group wrote in a blog post published Friday that she was fired over an inaccurate tweet about the Colorado shooting, and accused the media company of being "subservient to white authority." In her Medium post , the editor, Hemal Jhaveri, opened by saying, "I am no longer employed at USA TODAY, a company that was my work home for almost eight years." Gannett, GCI which publishes USA Today and hundreds of local newspapers, said in a statement to CNN Business that it holds its "employees accountable" to the principles of "diversity, equity and inclusion." Jhaveri wrote that she was fired after she faced criticism and harassment online over a tweet she posted "responding to the fact that mass shooters are most likely to be white men." Jhaveri admitted in her post that it was a "dashed off over-generalization."
New NYC indoor dining rules let these top restaurants reopen doors
       
Limited-capacity indoor dining is back in the Big Apple, to the relief of millions of restaurant-obsessed New Yorkers. The Le Chalet eighth-floor lounge will become a second dining room in order to spread out customers. Andrew BezekPatroonKen Aretsky’s classy, clubby home to classic American dishes re-awakens March 30 from a long indoor snooze. There are salads and sandwiches in the casual front Tavern section, but the atmospheric main dining room’s the act to catch. Herb-crusted merluzzo (cod) with steamed mussels in saffron-tomato broth perfectly mixes and marries all the flavorsPortale, 126 W. 18th St.; 917-781-0255
Jeffrey Epstein-plagued Leon Black to step down as MoMA chairman
       
Leon Black is stepping down as chair of the Museum of Modern Art in the wake of artist protests over his ties to convicted pedophile Jeffrey Epstein, The Post has learned. At the meeting, Black told his fellow trustees he would give up the chairman role when his current three-year term ends on June 30, sources said. The billionaire financier plans to remain on the board, however, as one of MoMA’s 57 trustees, these sources said. The Post exclusively reported on March 14 that MoMA had moved its regularly scheduled board meeting twice since February as a select group of MoMA trustees talked with Black about his future as the head of the storied museum and whether he should step down. Prominent artists like Ai Weiwei and photographer Nan Goldin have called on Epstein to step down.
CEO of auto supplier BorgWarner expects 45% of its revenue to be tied to EVs in 2030
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEO of auto supplier BorgWarner expects 45% of its revenue to be tied to EVs in 2030BorgWarner CEO Fred Lissalde discusses the company's outlook for the electric vehicle transformation during Friday's episode of "Mad Money."
Watch Friday's full episode of Mad Money with Jim Cramer
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Friday's full episode of Mad Money with Jim Cramer"Mad Money" host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.
BorgWarner CEO on the auto supplier's plans to grow its electric vehicle business
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBorgWarner CEO on the auto supplier's plans to grow its electric vehicle businessBorgWarner CEO Frederic Lissalde joined CNBC's Jim Cramer on Friday's episode of "Mad Money," discussing how the auto supplier plans to grow its electric vehicle business.
Auto supplier BorgWarner expects EVs to account for almost 50% of revenue by 2030
       
The CEO of auto supplier BorgWarner told CNBC on Friday the company hopes to have nearly 50% of its revenues be tied to electric vehicles within the next decade. "Our assumption is that 30% of the vehicle will be battery electric in 2030. Our assumption is that we'll be at 45% of our revenue," CEO Frederic Lissalde said in an interview with Jim Cramer on "Mad Money." GM plans to exclusively offer EVs by 2035, the company announced earlier this year, and to become carbon neutral by 2040. The stock is up more than 18% year to date and roughly 83% in the past 12 months.
Stellantis, Nissan, Nio cut more production due to chip shortage
       
WASHINGTON (Reuters) - Stellantis NV and Chinese electric vehicle maker Nio became the latest carmakers to announce new production cuts as a result of a global semiconductor chip shortage. Slideshow ( 3 images )Stellantis said on Friday it will temporarily halt production at five North American plants next week because of the global microchip shortage: two assembly plants in Canada, one in Mexico and two in the United States. Stellantis did not specify how long the shutdowns would last, but a union local in Windsor said the minivan plant would halt production for four weeks starting on Monday. Nissan Motor Co said Friday it will halt production for two days starting April 1 at its Smyrna Vehicle and Canton Vehicle Assembly Plants and Mexico Aguascalientes plant. GM and Japan’s Honda both said this week they would continue production suspension at plants in North America for the coming weeks.
Wall Street Week Ahead: Investors look to utilities to weather any market rout
       
REUTERS/Carlo AllegriThe S&P 500 utilities index has outperformed the broader market this month, rising 9.3% so far compared with a 4.3% gain in the benchmark index and leading gains among sectors for March. Some investors say utilities also may be benefiting from hopes that there will be a bigger push toward green energy under the Biden Administration. (Graphic: S&P 500, sectors performance for March, )Cyclicals, which investors dumped during the early part of the pandemic, have benefited the most from the rotation. An end-of-quarter rebalancing of investment portfolios by institutional investors may be adding to the recent rotation from growth into value. As of Friday, the S&P 500 utilities sector had a dividend yield of 3.3%, the second-highest among S&P sectors after consumer staples, and well above the 1.5% yield for the S&P 500, according to data from S&P Dow Jones Indices.
Outlook Brightens for Adobe Shares
       
Price target: $595. Price target: $68. Global Medical REIT GMRE-NYSEBuy Price $13.07 on March 25by B. Riley SecuritiesOn Tuesday, we hosted a virtual [meeting] with Global Medical REIT management for clients. Alcon ALC-NYSEBuy Price $68.08 on March 22by BTIGWe are upgrading Alcon to Buy [from Neutral], with a price target of $78. KB Home KBH-NYSEOutperform Price $43.39 on March 24by WedbushOur price target goes to $56 from $53.
Beam Me Up, Scotty? Maybe Not Just Yet
       
To the Editor:Barron’s survey of the space race makes clear that innovation doesn’t always mean profits (“The Next Space Race,” Cover Story, March 19). This tells me that big money is accumulating shares quietly prior to the announced merger with Vector Acquisition. Of course, if we do get to that level, I probably won’t have nearly as much value in my stocks left to switch into bonds. Steve Private, On Barrons.comSplunk’s TurnaroundTo the Editor:I don’t know that I need to rush in and snap up shares (“Splunk Fell Behind in the Cloud Era. A simple portfolio of stocks, bonds, and cash is sufficient for most investors to achieve their financial goals.
By This Measure, Tech Stocks Are Back Near Dot-Com Bubble Heights
       
Let me be blunt: Tech stocks are still alarmingly expensive. The Nasdaq Composite index is down about 8% from its peak earlier this year, and some well-known names have sold off by 20% or more. But tech’s losses generally have been modest—and many valuations remain stratospheric. Toni Sacconaghi, a longtime technology analyst at Bernstein, encapsulated the dynamic in a fascinating piece of research this past week. He points out that, in 2020, investors seemed to be buying techs almost because of their high price tags.
Four Tech Stocks That Could Be Winners
       
Tencent [0700.Hong Kong] is one of the largest and most-used tech companies typically not on many people’s radar. —Ivan FeinsethCentral Bank Digital CurrenciesChief Economist’s CommentUBSMarch 22: In 2017, cash ceased to be the main method of payment in the U.K. People are increasing the use of digital money. Private-sector-produced digital money, over which central banks have only indirect control, has become more and more important. This is why central bank digital currencies are being discussed.
The Value Stock Rotation Isn’t Over—Not by a Long Shot
       
The S&P 500 rose 1.57%, to a record 3974.54, while the Nasdaq Composite slipped 0.58%, to 13,138.72. It’s still well ahead in year-to-date performance, with a gain of 12.5%, versus mid-single-digit returns for the Dow and S&P 500. S&P 500 financial and energy stocks are both down around 5% from their recent highs. Financials go for a 30% discount to the S&P 500, at just the ninth percentile of their historical relative range. Energy stocks, at a 13% discount to the index, are only at their 21st percentile relative valuation.
Intel Presents a $20 Billion Bill for a Turnaround. Investors Don’t Like It.
       
Intel’s stock was up more than 40% over the past five months, as investors started to anticipate a turnaround. The company said that it projected full-year capital spending of $19 billion to $20 billion. Before Tuesday’s announcement, analysts expected Intel to deploy $14.7 billion on capital expenses in 2021. Over the previous four years, Intel’s capex bill has come to about 20% of revenue. Friday 4/2The Bureau of Labor Statistics releases the jobs report for March.
Higher Taxes? Deficit Spending? Why the Stock Market Isn’t Worried.
       
Soon it will be sizing up his tax plan, with likely proposals for higher corporate taxes as well as increased income and capital-gains taxes on high earners. “To some extent, higher taxes are priced into the market,” says Byron Wien, senior investment strategist at the Blackstone Group. Bond and stock investors seem to accept Ronald Reagan’s comment: “I’m not worried about the deficit. That’s a big swing, but if the company can execute—and some big investors like Fidelity are getting on board—the stock could be considerably higher a year from now. The stock may have bottomed, as it is now valued at just 12 times projected 2021 earnings and yielding 2%.
$35 Billion Automation Software Maker UiPath Files for IPO
       
UiPath specializes in robotic process automation technology, software that helps companies save time and money by automating repetitive, manual tasks such as entering data into spreadsheets. It competes with Automation Anywhere Inc., which is backed by SoftBank Group Corp.“We make software robots so people don’t have to be robots,” UiPath says in it IPO filing. UiPath said it generated a net loss of $92 million on revenue of $608 million in the 12 months ending Jan. 31. UiPath raised $750 million in a funding round led by Alkeon Capital and Coatue that gave it a value of $35 billion, according to a statement in February. Story continuesAccel, CapitalGThat valuation was more than triple the $10.2 billion UiPath was valued at after it raised $225 million in July.
Delayed stimulus checks for 30 million Social Security recipients could go out soon
       
Around 30 million people receiving Social Security and Supplemental Security Income benefits who are still waiting on their $1,400 stimulus checks could see the payments arrive soon. The Social Security Administration (SSA) sent the IRS missing files on Thursday that has caused a delay in stimulus payments for 30 million Americans, the House Ways and Means committee said. Earlier this week, the Treasury Department said it would be sending out 37 million more payments but that didn’t appear to include checks for eligible Social Security recipients. The third round of stimulus checks of up to $1,400 was included in the $1.9 trillion American Rescue plan signed into law by President Joe Biden on March 11. The IRS said it will automatically send stimulus checks to people who didn’t file a tax return but get Social Security retirement, disability or survivor benefits, Railroad Retirement benefits, Supplemental Security Income or Veterans Affairs benefits.
In Harvard development standoff, state Representative Mike Moran may have the upper hand
       
As Harvard looks to develop all its empty land in Allston, the university wants to fix flooding issues that plague the area. The state representative for the area is digging in his heels as Harvard and the Boston Water and Sewer Commission pursue approvals for the massive pipe. AdvertisementSure, the Harvard pipe would benefit many of his constituents. That means Harvard needs an act of the Legislature, known in State House arcana as an “Article 97,” to proceed. Moran and his Senate counterpart, Sal DiDomenico, sent a letter to state environmental secretary Katie Theoharides, asking her not to sign any permit.
18-year-old man arrested in connection with February fatal shooting in Phoenix
       
Phoenix police arrested an 18-year-old man on Thursday in connection with a fatal shooting in February. Brandon De Jesus Ortiz-Cereceres was arrested after police said he fatally shot another man in the chest at an apartment near Denton Lane and 17th Avenue in Phoenix. Police said Ortiz-Cereceres admitted to shooting Arechiga with a handgun after he assaulted his girlfriend, fleeing the scene and selling the gun afterward. According to Phoenix police, Ortiz-Cereceres' girlfriend was detained and questioned for her involvement in the shooting but was not arrested. Over the past month, police said investigators worked to develop probable cause to arrest Ortiz-Cereceres in connection with the shooting.
See a 16-acre property in Lucas with a sport court, guest house, pool and a garage for 24 cars
       
In addition to the main house, there is a guest house, a garage with storage for 24 cars and plenty of outdoor entertaining areas. The main property is listed for $12 million. The main house at 1355 Wendy Lane has seven bedrooms, six bathrooms and three half-bathrooms. (Frisco3dListings.com) 6 / 11Take a look at the home at 1355 Wendy Lane in Lucas, TX. (Frisco3dListings.com) 7 / 11Take a look at the home at 1355 Wendy Lane in Lucas, TX.
Want to buy an Alison Victoria home featured on ‘Windy City Rehab’? There’s still one left
       
With the sale of a brick three-flat in East Ukrainian Village earlier this week, only one of the 16 homes featured on the first two seasons of the HGTV show “Windy City Rehab” remains unsold. Like many of the homes featured on the show, though, the property has remained unsold for months or longer, and the price tag has plunged — in this case by $155,000 since October. Other Windy City homes that sold in the last several months saw similar price drops, including one at 1815 W. Augusta Blvd. The home had been purchased in 2017 for $650,000, and Victoria and Windy City Rehab co-star Donovan Eckhardt said they put $500,000 into the renovation. But Victoria announced on social media earlier this month that the city is once again allowing her to apply for permits.
The former Seven Seas restaurant site that also once was a resort and school in Delafield could next become an assisted living facility
       
A development proposal to operate a community-based residential facility and a restaurant at the former Seven Seas property will likely be modified, according to city of Delafield officials. "The Seven Seas has been a landmark in our community for decades," Kiefer said at the meeting. Seven Seas permanently closed at the end of 2020. "My understanding is that it's (a smaller assisted living facility) than what was initially proposed, and it does not include a restaurant," Aicher said. The Weissgerber family took over ownership in 1981 and the property once again became known as the Seven Seas.
COVID-19 vaccines are about to be open to all Minnesotans. How’s this going to work?
       
Tim Walz on Friday announced the opening of the coronavirus vaccination floodgates — and a torrent of anxious Minnesotans rushed in. Beginning Tuesday, every Minnesota resident age 16 and older will be eligible to receive a vaccine, Walz announced in a morning address. “My 16-year-old healthy daughter ran up to me and said, ‘Can I get vaccinated March 30?’ and I said, ‘Not by my health system,'” Jacob said Friday. They offer vaccines at mass-vaccination and community vaccination sites, often partnering with local health departments or businesses. We’ve gone 54 weeks without a vaccine and if you can wait another 10 days it will be much easier.”
Plan made to refloat ship blocking Suez Canal using tide
       
A team from Boskalis, a Dutch firm specializing in salvaging, was working with the canal authority using tugboats and a specialized suction dredger at the port side of the cargo ship’s bow. “It’s a complex technical operation” that will require several attempts to free the vessel, Lt. Gen. Osama Rabei, head of the Suez Canal Authority, said in a statement. The Suez Canal Authority has said it welcomed international assistance. A maritime traffic jam grew to more than 200 vessels Friday outside the Suez Canal and some vessels began changing course. Satellite and photos distributed by the canal authority show Ever Given’s bow touching the eastern wall, while its stern appeared lodged against the western wall.
Budget crunching begins, as Florida Senate offers $95B plan
       
When the governor unveiled his initial $96.6 billion budget in January, he said the state would not have to dip into reserves to make up for revenue shortfalls. In fact, his proposal was $4.3 billion more than the current budget that runs through the fiscal year ending June 30. The increased spending is because of the ongoing coronavirus pandemic and increased costs in Medicaid. To partially make up for it, the governor proposed about $1 billion in reduced spending at more than a dozen state agencies. The Senate's proposed budget does not include the pandemic relief funds, which the chamber said is still under review and will be addressed later in the session.
More than 3,000 hours and 156 interviews later, Boulder PD chief says mass shooter's motives still unknown
       
Close Get email notifications on {{subject}} daily! Your notification has been saved. There was a problem saving your notification. {{description}}Email notifications are only sent once a day, and only if there are new matching items.
Smoking may disappear within a generation, analysts predict
       
Credit: Unsplash/CC0 Public DomainIn 10 to 20 years there could be no smokers left in many markets, according to analysts at Jefferies. "With regulators and tobacco ambitions increasingly aligned, in many countries, no smokers within a generation could become a reality," analyst Owen Bennett wrote in a note on Friday. The MSCI World Tobacco Index has underperformed the broader MSCI World Index since the start of last year, with smokeless tobacco products maker Swedish Match AB outperforming and Imperial Brands Plc lagging behind. Imperial Brands would struggle in a shift to smokefree given its over-reliance on legacy assets in Europe and the U.S., Jefferies' Bennett wrote, downgrading his rating on the stock to hold from buy. In the same note, Bennett upgraded his recommendations on BAT and Altria Group Inc. to buy from hold.
Retail shops can open until 10pm as Government seeks to bolster high street and reduce crowding
       
Retailers will be allowed to open until 10pm when they reopen next month as the Government seeks to bolster the high street and ensure compliance with social distancing rules. He added that councils would be encouraged to allow high street stores to extend their hours under the new limits between Monday and Saturday. The changes closely mirror those announced over Christmas and are intended to help reduce congestion on public transport and provide people with “greater flexibility” to avoid peak times. “To support businesses to reopen and recover, I’ve extended measures to allow shops to stay open for longer,” Mr Jenrick said. “This is part of a package of support to help reopen our shops and high-streets safely – backed by £56 million.
Former BlackRock sustainability executive says Wall Street green funds are ‘PR spin’
       
Sustainable investing incorporates so-called Environmental, Social, and Corporate Governance (ESG) principles into financial decisions; for example, how a corporation treats employees or what it’s doing to reduce pollution. He went on to be a principal at the Canada Pension Plan Investment Board before joining BlackRock in 2018 as CIO of sustainable investment. The statement continued: “In the last year, BlackRock has clearly stated that climate risk is investment risk and articulated the investment implications of other sustainability factors. While at BlackRock, Mr Fancy said he believed that the environmental impact of green investing was overblown but “harmless and aspirational”. In his 2021 letter to CEOs, he upped the ante by issuing a stark warning that “climate risk is investment risk”, and dubbed the climate transition “a historic investment opportunity”.
Rich get richer! Combined wealth of nation's 657 billionaires has increased more than $1.3 TRILLION
       
Since March 2020, the combined wealth of the nation's 657 billionaires has increased more than $1.3 trillion, or 44.6%. These billionaires now have a combined net worth of $4.3 trillion, Fast Company reported. According to the list, Tesla's Elon Musk's wealth increased by $154 billion, while Amazon's Jeff Bezos made $68.5b. Fifteen billionaires, including Tesla's Musk, Amazon's Bezos, and Facebook's Zuckerberg saw a combined increase of $563 billion since March 18, 2020, when COVID-19 lockdowns began. Co-founder Eric Yuan's wealth increased 153%, from $5.5 billion to $13.9 billion, and he didn't even crack the top 10 list of 'pandemic profiteers.'
Investors flee James Dolan decision to merge MSG’s owner with its cable network
       
Billionaire James Dolan is merging the company that owns the Madison Square Garden arena with the cable network that broadcasts New York Knicks games to local fans — and investors are running for the exits. To some, Friday’s deal looks like a signal that MSG Entertainment needs MSG Networks as a source of cash. MSG Networks owns two regional sports and entertainment channels as well as a streaming service in the New York area. Last year, Madison Square Garden spun off its MSG Entertainment from Madison Square Garden Sports, which owns the Knicks and the Rangers. Officials at MSG Entertainment declined to comment further on Friday.
An iconic wine label is blending Aussie and American wines — and it’s working
       
They unabashedly set out to make Penfolds wines in California. The cabernet-shiraz blend is a Penfolds signature, as is the use of American oak barrels. “We have extolled the virtues of American oak more than Americans have,” Gago says. He uses combinations of French and American oak, with varying proportions of new and used barrels, to differentiate wines in the Penfolds lineup. So Quantum, aged in all new, mostly American oak barrels, is 87 percent Napa cabernet from Oakville and Diamond Mountain District, plus 13 percent South Australian shiraz.
NRA faces internal woes as it girds for new gun control fight
       
ADADThe bankruptcy proceedings are likely to reveal embarrassing new details about the organization’s internal workings and extravagant spending. LaPierre and other executives also have “voluntarily participated” in the attorney general’s investigation, NRA attorney William A. “An important part of this plan is dumping New York,” LaPierre said in announcing the bankruptcy filing. The New York attorney general and Ackerman McQueen would go further. Those expenses, and more, were detailed in the recent filings by the New York attorney general.
Jim Cramer previews next week's earnings reports from McCormick, Lululemon and CarMax
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer previews next week's earnings reports from McCormick, Lululemon and CarMaxJim Cramer on Friday's "Mad Money" laid out his game plan for next week, looking ahead to the earnings reports of Lululemon, CarMax and Dave & Buster's.
Cramer's lightning round: PayPal is a stock to own for the long term
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer's lightning round: PayPal is a stock to own for the long termCNBC's Jim Cramer takes calls from viewers during Friday's edition of the "Lightning Round."
Watch Friday's full episode of Fast Money — March 26, 2021
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Friday's full episode of Fast Money — March 26, 2021"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.
Captain Morgan McManus discusses challenges navigating the Suez Canal
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCaptain Morgan McManus discusses challenges navigating the Suez CanalCaptain Morgan McManus, master of the Empire State VI, has navigated the Suez Canal multiple times. He says there are many challenges passing the canal. He joins 'The News with Shepard Smith' to discuss.
Petco to pop? How investors can play the pandemic pet boom
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPetco to pop? How investors can play the pandemic pet boomTony Zhang, OptionsPlay chief strategist, joins CNBC's "Options Action" to break down his outlook on Petco shares.
Mike Khouw lays out his bullish bet on Alibaba
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMike Khouw lays out his bullish bet on AlibabaMike Khouw, Optimize Advisors, breaks down his forecasts on Alibaba shares.
Chart master Carter Worth says this is why real estate could be headed for a big rebound
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChart master Carter Worth says this is why real estate could be headed for a big reboundCornerstone Macro's Carter Worth breaks down the performance of REITs, using the iShares U.S. Real Estate ETF as a barometer.
Amazon gets FDA authorization for at-home Covid-19 test
       
Amazon has received authorization from the Food and Drug Administration for a Covid-19 test that it hopes to use to bolster its employee screening program. Amazon plans to use the test among its workforce as part of its Covid-19 preparedness and response program, according to a separate FDA document. Business Insider reported last July that Sibay was tapped to steer Amazon's efforts to build an internal Covid-19 testing lab. The FDA authorization comes as Amazon continues to expand its testing program for warehouse and delivery employees. Last October, Amazon disclosed that nearly 20,000 front-line employees contracted Covid-19 between March 1 and Sept. 19.
Cramer's lightning round: You should own PayPal, don't trade it
       
I think you're going to do OK."Annaly Capital Management: "Take a pass on that, my friend. PayPal Holdings: "That stock has gone of favor on the Wall Street fashion show, which only has love for the industrials. And if you do, then you should own PayPal, not trade it, because Dan Schulman is doing a great job." Pershing Square Tontine Holdings: "We don't know what he's going to buy, but you're absolutely right: He is very much aligned with the shareholders, including putting a lot of money himself into that. So, I share your excitement about Pershing Square Tontine."
Op-Ed: Suez Canal shutdown highlights another weak link in global supply chain
       
Stranded container ship Ever Given, one of the world's largest container ships, is seen after it ran aground, in Suez Canal, Egypt March 26, 2021. The massive Ever Given container ship, stuck in the Suez Canal, provides a vivid image for a world economy whose global supply chains were already disrupted. The Suez Canal is the shortcut between East and West, cutting voyages between Asia and Europe by 3000 miles. In previous decades, the Suez Canal was most important as the critical conduit for Middle Eastern oil supplies going west. This partly reflects the changing pattern of world oil trade, with more Middle East oil now heading to Asia.
What’s Up With EV Stocks Finishing Down?
       
EV stocks that Barron’s tracks dropped 14%. The other EV stocks fell about 14%. The dip is small, but rising rates have been a problem for fast-growing EV stocks. The EV stocks Barron’s tracks are now down about 5% year to date. Looking ahead, EV stocks could used some help.
ARK Innovation Fund Has Reshuffled Its Holdings. What That Means for Investors.
       
The ARK Innovation exchange-traded fund (ticker: ARKK) went from a somewhat sleepy actively managed fund that returned 36% in 2019, to the top performer in 2020, returning 153% and making its manager, ARK Investment founder Cathie Wood , a household name. Related Market Data Funds & ETFsFor starters: A year ago, ARK Innovation was a small-company fund. ARK Innovation doesn’t have such constraints. Meanwhile, ARK Innovation has increased assets in internet and software stocks—from 6% of each in March 2020, to 15% and 9% as of February. Shopify, which wasn’t in ARK Innovation as of last October, is now the eighth-largest stock in the fund with a 3.1% weight.
Exclusive: U.S. Democratic lawmakers will introduce resolution to undo OCC's true lender rule
       
Bloomberg(Bloomberg) -- Bitcoin fell amid a wider retreat in assets that had earlier ridden a wave of stimulus-infused optimism among retail traders.The largest cryptocurrency fell as much as 6.7% to $50,440, as of 11:55 a.m. in New York. The token, down for the fifth straight day, is mired in its longest losing streak since December. The wider Bloomberg Galaxy Crypto Index is also struggling.Speculation is growing that the latest stimulus checks in the U.S. will be spent in the real economy rather than markets as vaccinations help return life to something closer to normal. A “lower-low below that level would scare a lot of momentum players,” said the firm’s chief market strategist.Bitcoin is about $10,000 below a record of $61,742 set earlier in March, but remains 700% higher over the past year. The coin spiked briefly on Wednesday after a series of tweets from Tesla’s Elon Musk announcing the automaker will accept the digital asset as payment.
U.S. Democratic lawmakers seek to undo 'predatory' banking rule
       
Senator Chris Van Hollen and Senate Banking Committee Chairman Sherrod Brown on Thursday announced the introduction of a Senate resolution to rescind the so-called "true lender" rule. Democrats have argued that the rule allows financial technology firms to evade state usury laws and rate caps by partnering with banks that are subject to looser federal lending rules. Story continuesBrown in a statement called the rule "a shameful attack on states' ability to protect their citizens from predatory loans." "Predatory lending has no place in the federal banking system," OCC spokesman Bryan Hubbard said in a statement. "Rather than encouraging abusive lending, the OCC rule provides regulatory certainty regarding the responsibility and accountability of a bank's lending."
U.S. gives Palestinians $15 million for COVID-19 response: statement
       
The Fed’s preferred inflation gauge showed a monthly rise of 0.1%, in line with a Briefing.com consensus. Despite the rise in the 10-year yield, the needle hasn’t moved on the Fed’s timeline for a potential rate hike. Given the choppiness of the recent market, it was interesting to see the Cboe Volatility Index (VIX) fall below 20 yesterday. In company news, Chinese electric vehicle maker Nio Inc (NYSE: NIO) became the latest casualty of the global chip shortage. In a vote of confidence for the economic reopening, Darden Restaurants, Inc. (NYSE: DRI) rose more than 8% after earnings per share handily topped expectations and revenue also beat forecasts.
Proposal gives summer jobless benefits to education support staff
       
Nevada’s education support staff would be eligible for unemployment benefits for the upcoming summer under a new proposal, state officials said Friday. Clark County School District administration building at 5100 W. Sahara Ave. in Las Vegas (Review-Journal file photo)Nevada’s education support staff would be eligible for unemployment benefits for the upcoming summer under a new proposal, state officials said Friday. The Nevada Department of Employment, Training and Rehabilitation said Friday that its proposed Emergency Regulation, if approved, would make UI benefits available to the state’s education support staff this summer. “We understand the state’s education support employees are in a unique situation due to the pandemic. Once approved, the Emergency Regulation would allow education support staff to apply for unemployment benefits in between terms this summer because of the COVID-19 pandemic.
HGTV's Curtis makes another court bid for blighted Detroit home
       
Detroit — The attorney for HGTV star Nicole Curtis is accusing the Detroit Land Bank Authority of "misrepresenting material facts" in the latest round of a legal dispute over a rundown property. Duggan's spokesman John Roach declined Friday to comment on the meeting with Curtis, which also included land bank attorneys and Rasor. Alyssa Strickland, a spokeswoman for the land bank, reiterated Friday that the authority does not comment on pending litigation. Curtis and the land bank worked toward an agreement to allow Curtis to rehab the house once the land bank claimed the title, but those talks broke down. In January, the land bank asked the court to set a date for Curtis’ company to vacate the property.
Whitmer again vetoes virus aid after no legislative deal
       
Gretchen Whitmer on Friday again vetoed about $652 million in proposed COVID-19 relief spending after the Michigan Legislature passed it without negotiating with her administration. One bill proposed $405 million in state-funded business relief and a $150 million deposit into the unemployment insurance fund. Another would have given $87 million in federal funds to private schools and $10 million to reimburse parents for summer school expenses. In a letter to lawmakers, Whitmer said she vetoed the measures because they primarily included spending she previously rejected. “I remain ready and willing to negotiate regarding the allocation of the more than $2 billion in federal money now sitting idle in the Michigan treasury,” she wrote.
Southern Arizona banks, credit unions remain strong despite COVID-19 woes
       
That followed $2.1 million in income in 2019, continuing a turnaround for Commerce led by John P. Lewis, a longtime Arizona banker who stepped down as CEO last year and plans to retire in April. Commerce also had been ordered by regulators to raise its capital levels in 2013, but the Federal Deposit Insurance Corp. lifted its consent order in 2017 after the bank raised $13 million in new capital from local investors. Among major national banks operating here, Bank of America, Wells Fargo and JPMorgan Chase posted sharply lower earnings in 2020, with Wells Fargo’s income dropping to $3.5 billion from nearly $20 billion in 2019. Overall, the banking industry reported full-year 2020 net income of $147.9 billion, down 36.5% from 2019, mainly because they set aside more money to cover potential loan losses related to the pandemic-caused economic slowdown, the FDIC said. Bauer noted that those losses are largely theoretical at this point, and “the majority of federally insured banks and credit unions have prepared for a worst-case scenario.”Despite the lower income, all of the major banks retained their four-star and five-star, “superior” Bauer ratings.
Santa Ana Star Casino Hotel reopens April 1
       
.......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........Santa Ana Star Casino Hotel is reopening its doors at 9 a.m. Thursday, April 1. The casino on Santa Ana Pueblo will operate from 9 a.m. to 3 a.m. Sunday through Saturday at a limited capacity. “We understand many of our patrons have been frustrated by our closing, but we strongly believe that it is better to err on the side of safety,” CEO John Cirrincione states in a Santa Ana Star Casino news release. Smoking is not permitted throughout the Santa Ana Star Casino Hotel property and is only allowed in a designated outdoor smoking area. “We expect many of the safety restrictions to stay in place until the public health emergency is no longer an issue.”Santa Ana Star Casino Hotel is located at 54 Jemez Canyon Dam Road on Santa Ana Pueblo.
Moment hit-and-run driver of stolen SUV mows down 11-year-old boy as he runs after ice cream truck
       
The driver of a stolen SUV who struck an 11-year-old boy as he chased after an ice cream truck on Wednesday has been caught on camera speeding away from the scene without offering aid. Shocking surveillance footage of the hit-and-run in Los Angeles' Historic South-Central neighborhood was released by the LAPD. The victim, identified by family as Frank Portillo, is in stable condition at a local hospital as he recovers from severe injuries, KTLA News reports. Footage shows the boy running along the sidewalk trying to catch up with a passing ice cream truck. The boy appears to look both ways as he crosses the street before being struck by the SUV and sent spinning down the street.
US states will get 11 million doses of Johnson & Johnson's one-shot vaccine next week
       
The U.S. government will distribute 11 million doses of Johnson & Johnson's COVID-19 vaccine next week, meaning that the firm will fulfill its pledge to deliver 20 million doses by the end of March. Johnson & Johnson's promise to do so has been under the shadow of doubt in recent weeks, after it offered a disappointing four million doses upon authorization in February. Biden doubled his initial goal of 100 million doses in 100 days amid criticism that that aim was unambitious, given that the U.S. would have reached 97 million doses given by mid-April at the pace of vaccination before Inauguration Day. Johnson & Johnson will meet its goal of delivering 20 million doses of its one-dose COVID-19 vaccine to the U.S. by the end of March, with a whopping 11 million doses shipping next weekEarlier this week, White House officials told governors that the federal government would ship 27 million doses of the three vaccines to states next week. The firm has a contract to deliver 100 million doses to the U.S. by the end of June.
Putin Forever? And Russia's Economy Rocked by Coronavirus Fallout
       
This week on the podcast:— In a televised statement to Russia’s parliament, Vladimir Putin backed a constitutional shake-up that could see him remain president for another two full terms. — Last week, Russia rejected a proposal from Saudi Arabia to cut oil production in response to the economic fallout of the coronavirus, kicking off an “oil price war” and sending global energy prices tumbling. In the studio to weigh up those claims and assess the real damage is Natasha Doff, economy and government editor at Bloomberg News here in Moscow. From Russia With News is hosted by Jake Cordell and produced by Pjotr Sauer. The episode was recorded and edited at CM Records Studio in central Moscow.
How to Create a Bran?d?
       
Why do we love brands so much? How can companies properly build associations with their brands? Or break the negative association if suddenly you have to manage the brand Corona beer during the coronavirus pandemic? Professor of New Economic School Daria Dzyabura shares her research and gives advice on how to build associations with brands, while PR-director of Yandex.Zen Yevgenia Ponomarenko talks about her experience in building a brand.
Private sector ‘stole’ 76,000 clients from electricity commission: Bartlett
       
Federal Electricity Commission (CFE) chief Manuel Bartlett reaffirmed Friday that private energy companies don’t pay to use state-owned transmission lines and claimed that they have stolen 76,000 customers from the public utility. Bartlett said Friday that the arrangements were “a fraud of the law.”“Although it’s illegal, although it’s a crime, they [the private energy companies] don’t pay [to use] the [state-owned] network. “… And due to the energy the CFE has to buy from private companies, the CFE loses 222 billion pesos more. López Obrador said last week that he would send a bill to Congress to change the constitution if the new electricity law is deemed unconstitutional. The government has been widely criticized for its energy sector reforms that many analysts say will discourage private investment.
Biden suggests creating initiative to rival China’s Belt and Road
       
US President Joe Biden says he suggested that democratic countries band together to fund infrastructure in less developed countries during a call with British Prime Minister Boris Johnson. United States President Joe Biden said he suggested to British Prime Minister Boris Johnson in a phone call on Friday that democratic countries should have an infrastructure plan to rival China’s Belt and Road initiative. China’s Belt and Road Initiative (BRI) is a multitrillion-dollar infrastructure scheme launched in 2013 by President Xi Jinping involving development and investment initiatives that would stretch from East Asia to Europe. More than 100 countries have signed agreements with China to cooperate in BRI projects like railways, ports, highways and other infrastructure. However, China said last year that about 20 percent of BRI projects had been “seriously affected” by the coronavirus pandemic.
? ????? ??-????: ????? ????????? Ralph Lauren ?????-???? 2021
       
Ralph Lauren ???????????? ????? ????????? ?????? ?????-???? 2021 ? ??????? ?????????????????, ?? ????? ???????????? ?????-?????? ?????? ? ????? ??????? ?????????. ????? ????????? ?????? ??????? ????? Ralph Lauren Collection ? ??????? Purple Label, ???????? ???? ????????? ??????????????? ????????????????. Ralph LaurenRalph LaurenRalph Lauren??????? ????????? ???????? ?? ???????? ????????? ??????? ?????????? ????? ?? ?????? ??????????, ?? ??? ?? ??????? ???????. Ralph LaurenRalph LaurenRalph Lauren????? ???? ????????? ???????? ???????, ?? ???????? ??????? ? ????????? ????????? ?????? ????? ? ???????. ??? ????????? Ralph Lauren ?????-???? 2021 ???????? ?????.
Duggar Family Net Worths: 'Counting On' Stars Josh, Jana and More
       
See All the Family Members’ Net WorthsKeeping up with the Duggars! Since their TLC debut in 2008, Jim Bob and Michelle Duggar, along with their 19 kids … and counting, have become household names with multiple reality shows and some pretty major business endeavors. As a whole, the Duggar family is worth an estimated $3.5 million, according to Celebrity Net Worth. Jill, John-David and Jessa, along with their siblings have massive net worths on their own, separate from the entire family’s number. Scroll through our gallery to see all of the Duggar family members’ net worths.
Get My Payment Frequently Asked Questions
       
To use Get My Payment, you must first verify your identity by answering security questions. If your answers don’t match our records multiple times, you’ll be locked out of Get My Payment for 24 hours for security reasons. If you can’t verify your identity, you won’t be able to use Get My Payment. If you can’t get your payment status because you’ve been locked out, you must wait 24 hours and try again. If you verified your identity and received “Payment Status Not Available,” this means either we have not processed your payment yet, we do not have enough information to issue you a payment or you are not eligible for a payment.
This is what really brought down WeWork
       
Some people within WeWork must have been aware that the company’s direction was wrong, but they were either ignored or overruled. The bias WeWork fell prey to is referred to as the Monte Carlo bias, named after the famous gambling destination. The cash flow associated with these leases did not cover the matching debt, or the capacity of the market to shift to the WeWork model. advertisementWeWork exemplifies a larger pattern of failure WeWork isn’t the first business killed by decision bias, and it won’t be the last. Even if you’ve experienced prior success, as WeWork had in London, it’s not enough to assume your results will remain static in a constantly changing world.
Press Release
       
Statement from Andrew Saul, Commissioner of Social Security, about Economic Impact PaymentsPrint Version "I want to provide an important update about the Social Security Administration’s (SSA) processing of Economic Impact Payments (EIPs) under the American Rescue Plan (ARP) Act. To get more Social Security news, follow the Press Office on Twitter @SSAPress. Outreach to Vulnerable Populations During the COVID-19 PandemicAdvocates and Community Organizations Can Help Connect People with the Social Security Administration Print Version The Social Security Administration has a long history of outreach and coordination with advocates and community-based organizations across the nation. To get more Social Security news, follow the Press Office on Twitter @SSAPress. Often, you only need to know your Social Security number and do not need a physical Social Security card.
Fast Company launches new membership group for business leaders
       
Fast Company, the world’s leading progressive business media brand, announced the launch of the Fast Company Executive Board, an invitation-only organization of leaders who share a commitment to shaping the future of business. Fast Company Executive Board is a private, vetted professional organization that gives its members access to a unique, industry-leading peer group. Selected members are business leaders in the worlds of corporate leadership, design, media, entertainment, technology, social responsibility, marketing, advertising, social impact, and nonprofits who have been selected for their expertise and track record. As part of the organization, members will get access to a dedicated online platform designed to foster connections and information sharing. Expert Panels are compiled, easy-to-read articles that share the latest industry thinking from a diverse group of experts.
You’ll never guess where this top executive got advice on new products.
       
Nearly a billion people across the globe suffer from food insecurity. One of the main factors contributing to this issue is a lack of income and resources needed to access food. Pier Luigi Sigismondi, President of Dole Packaged Foods, joined this year’s The Most Innovative Companies Summit to share some interesting insights about his company’s role in the fight against food inequality.
These are the world’s deadliest construction projects
       
Consider the classic (though staged) photograph of a line of construction workers perched on a steel beam hundreds of feet above Manhattan eating their lunch. Over the past 200 years, hundreds of thousands of people have lost their lives while working on construction projects, whether from falls, other accidents, equipment malfunctions, or unsafe and inhumane working conditions. A new interactive timeline puts some of the deadliest projects in context, showing how major construction projects from the past 200 years compare in terms of lives lost. The timeline also breaks down each project’s death rate per thousand workers. The timeline also includes some surprisingly nonlethal construction projects, from New York’s Chrysler Building, which had zero deaths among the 3,000 workers who completed it in 1930, to the Eiffel Tower, which had just one reported death during its construction in 1889.
IRS stimulus checks: Frustrated Social Security and SSI recipients await timeline on third payments
       
Although the IRS has already sent out two large batches of Economic Impact Payments, millions of Social Security and Supplemental Security Income (SSI) recipients were not among them, even though they are among the very Americans who need them most. The issue seems to have largely impacted benefits recipients who didn’t file a tax return in 2019 or 2020. “We demand that you immediately provide the IRS with this information by tomorrow, March 25, 2021,” they wrote. Reached for comment, the SSA told Fast Company to reach out to the IRS for an estimated timeline. The good news is, the payments will be automatically distributed via the same method by which recipients receive their benefits, so the money will come eventually.
Will I get $300 in extra unemployment this week: Here’s why many payments are delayed
       
Here’s the latest update as we head into the weekend:Why are payments delayed? States are arranging the new payments. It’s a complex aid program involving billions of dollars and a maze of acronyms: The Federal Pandemic Unemployment Compensation program (FPUC) provides unemployment recipients an extra $300; three other programs—the Pandemic Unemployment Assistance program (PUA), the Pandemic Emergency Unemployment Compensation program (PEUC), and the Mixed Earner supplement (MEUC, for people who earn both W-2 and 1099 income)—were also expanded. As of this week, only a dozen states clustered on each coast and Texas had begun distributing the extra $300. You can also do a Google News search of “[your state] unemployment delays.”How long will the delay be?
ThredUp stock makes Nasdaq debut as the secondhand clothing market booms
       
ThredUp, the virtual thrift store where people buy and sell secondhand apparel, will make its market debut on Friday in the latest sign of investor confidence in the booming online resale industry. In an initial public offering led by Goldman Sachs, Morgan Stanley, and Barclays, the company has priced 12 million shares at $14 a share, the higher end of its expected range, valuing the company at $1.3 billion. The Oakland, California, company said it had 1.24 million active buyers and 428,000 active sellers as of December of last year. The IPO comes two months after online resale platform Poshmark made its Nasdaq debut. Fast Company‘s Elizabeth Segran will have a full analysis of ThredUp’s IPO, including an interview with CEO James Reinhart, on Monday.
Digitizing Isn’t the Same as Digital Transformation
       
Covid-19 accelerated the pace of many companies’ digital initiatives — and yet many executives are expressing concern that they’re actually falling behind on making the important choices that lead to differentiation. To win in the post-Covid world, leaders must re-imagine not just how your company works, but also what you do to create value in the digital era. Digital efforts have been proliferating for years as companies strive to catch up with technological innovation. However, this accelerated wave of digital initiatives must not be confused with the real business transformation needed for success in the digital age. Create value through ecosystems, rather than trying to do it all alone.
How to Make Selling Your Business a Fulfilling Experience
       
The quotidian minutiae of running a business can often distract entrepreneurs from the important work they need to be doing. It will ensure your business stays on a healthy trajectory and that you and your team are focused and accountable. Meanwhile others may find themselves extremely happy despite being saddled with personal debt and obligations after selling a business. So, what should an entrepreneur do to make the sale of their business a happy and fulfilling event? When entrepreneurs internalize these three lessons — seeking clarity on their purpose, working on the business not in the business, and running their business as though they plan to sell it — happy outcomes result.
Third Stimulus Check: A New IRS Change Could Make More People Eligible for $1,400
       
The IRS released guidance this week that could make more taxpayers eligible for a third stimulus check, or a bigger payment, if they already received one. The IRS clarified this week that income calculations to determine eligibility for the tax break should exclude unemployment compensation. Reducing income subject to tax will make more people qualify for this unemployment tax break — and also for a third stimulus check, says Ed Zollars, CPA and partner at Thomas, Zollars & Lynch. If not for the exclusion, these taxpayers would have exceeded the income threshold and definitely not have been eligible for any stimulus money, Phillips says. Get Money’s Toolkit By clicking "Get Money's Toolkit," I would like to receive relevant marketing communications from Money and selected partners.
Today's Mortgage Rates Are Down Again | March 26, 2021
       
Mortgage refinance rates todayThe average rates for 30-year loans, 15- year loans and 5/1 jumbo ARMs are:The refinance rate on a 30-year fixed-rate refinance is 3.766%. View Rates for March 26, 2021Where are mortgage rates heading this year? Tips for getting the lowest mortgage rate possibleThere is no universal mortgage rate that all borrowers receive. While the 30-year fixed-rate mortgage is the most common type of mortgage, consider a shorter-term loan like a 15-year loan or an adjustable-rate mortgage. Our mortgage rate methodologyMoney’s daily mortgage rates show the average rate offered by over 8,000 lenders across the United States the previous business day.
Stock Market Today: Dow, S&P 500 Surge Late, Set New Highs
       
Wall Street looked like it was going to close the week in tame fashion, but buyers rushed in during the final hour to send all the major indices to strong gains. However, consumer spending declined 1% last month, undershooting estimates of a 0.7% decline – but that should snap back in March thanks to outgoing stimulus checks. The Dow Jones Industrial Average (+1.4% to 33,072) and the S&P 500 (+1.7% to 3,974) were both en route to modest gains, and then a final-hour rally propelled them to new all-time highs. The industrial average was led by Cisco Systems (CSCO, +4.1%), Nike (NKE, +3.4%) and Intel (INTC, +4.6%). Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
Why You Need to Rethink Every Aspect of Your Marketing Playbook
       
Marketers today need to rethink every aspect of their playbook. According to our research, the average marketing team routinely uses 23 marketing tools. Marketing teams need a single place to connect their people, processes and systems, as well as a reliable source of truth for their data. Refocus energy on innovationModern marketing teams cannot rely on current legacy marketing technology to achieve their goals and drive positive business outcomes. Airtable’s new marketing solution empowers marketing teams to streamline work, move quickly and continue to raise the bar on marketing programs, content and campaigns.
The Pandemic Is Just a Blip on Rebecca Allison’s Busy Radar
       
While many companies’ plans were completely upended in 2020, the pandemic was more like a blip on the already busy radar of Parallel, the farm-to-distribution cannabis company formerly known as Surterra Wellness.
The Washington Post Expects International Revenue to Grow 50% This Year
       
The Washington Post has been making strides internationally, announcing plans to increase its international newsrooms by 44 journalists this year , a move that will in turn boost ad revenue. Don't miss The Business of Marketing, a new series featuring leading c-suite executives sharing insights on the importance of leveraging the intersectionality of marketing, finance, technology, HR and the boardroom to drive business growth.
This NFT Collectible Card Game Honors Iconic Marketers and Supports Their Favorite Causes
       
Don't miss The Business of Marketing, a new series featuring leading c-suite executives sharing insights on the importance of leveraging the intersectionality of marketing, finance, technology, HR and the boardroom to drive business growth.
OLLY’s Pandemic Pivot Led to a Sell-Out First Month
       
When the pandemic accelerated the shift from in-store to ecommerce, the direct-to-consumer wellness company OLLY recalibrated its marketing strategy. The team viewed it as an opportunity to meet potential customers where they were: At home and online.
House price rise slows – but not by much
       
The past four years saw a “general slowdown” in UK house price growth. An average house in England would set you back £267,000 in January 2021 compared to £247,355 a year before. The northwest of England saw the highest annual growth in average house prices with a 12% surge, while the West Midlands saw the lowest at 4.7%. House prices in the UK saw a 7.5% increase over the year to January 2021, the Office for National Statistics’ latest house price index revealed. But there simply aren’t enough homes, according to Zoopla, and the imbalance between supply and demand is exerting further pressure on house prices, sending them up.
Where's my stimulus check? Can I still qualify? Answers to your questions on COVID relief, IRS tax refunds and more
       
That includes anyone who used the IRS non-filers tool last year, or submitted a special simplified tax return. As the agency continues processing tax returns, additional payments will be made, tax experts say. Earlier this month, Maryland pushed its state income tax filing deadline to July 15, according to Comptroller Peter Franchot. Campbell of TaxAct recommends that people find a local IRS Volunteer Income Tax Assistance (VITA) site to get free tax help if you qualify. And some don’t levy state income taxes at all, including Texas, Florida, Alaska, Nevada, Washington, Wyoming and South Dakota.
Millions of Americans will officially get stimulus checks this morning
       
Stimulus Day — not to mention St. Patrick — is a reason many will raise a glass on Wednesday. A third coronavirus stimulus check officially landed in millions of Americans’ bank accounts on Wednesday morning, according to the feds. The answer lies in the machinery of the financial system. Banks and credit unions are then required to make the money available to account holders by 9 a.m. local time, according to the group. Some financial institutions such as the banking startup Chime made the funds available early.
Since 1994, the GOP is getting a lot more bang (House seats) for its buck (votes)
       
So I re-created the one above, pulling data from the House website and using Cook Political Report’s 2020 House vote tracker. Since that election, only once, in 2008, has the GOP had a lower percentage of the vote than seats. In every other election, it’s secured a greater percentage of seats than it has a percentage of votes. One factor may simply be that the GOP is earning a higher percentage of the national House vote than it used to. Because the percentage of votes cast is necessarily more finely represented than the percentage of House seats (you can’t win precisely 50 percent of House seats, for example) that necessarily means that there will be some disconnect in most years.
Shipping delays, empty shelves, and higher prices: How supply chain problems could affect you
       
A container ship stuck in the Suez Canal and chronically backed up ports have caused shipping delays of goods from China to the United States. For shoppers, that means you're likely to continue to see shipping delays and other issues. 'We can't get the containers back to' Chinese factoriesThere is a "global imbalance of containers," Grawe says. 'We are seeing significant delays'The uptick in online ordering compounded with supply chain hiccups is likely to result in many shipping delays and stores having less stock. ... and shipping delays will continue
Cramer’s week ahead: The 'old guard' of investors seems to be back in charge of the market
       
Investors are exhibiting optimism around the Covid vaccine rollout, CNBC's Jim Cramer said, and it fueled a rally in U.S. stocks Friday. "I think it's all about the 'Great Reopening' as the United States will have received 240 million vaccines by next week from Moderna, Pfizer and J&J as they ramp up." "The reopening trade is casting a wide net," Cramer said. "For once, the 'Great Reopening' trade felt like a tremendous positive today ... with lots of winners and very few losers," he added. "If that's the new normal, call me a happy camper, but let's see if it holds up next week."
Mexico's president invites big business to debate energy laws
       
FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador gestures during a news conference at the National Palace, in Mexico City, Mexico February 23, 2021. “Big business corporations and retail chains pay lower rates than consumers for household consumption... and we believe those subsidies paid with the people’s money should disappear,” President Andres Manuel Lopez Obrador told a regular news conference. The president and executives of state-owned power company, the Comision Federal de Electricidad (CFE), have criticized energy laws enacted by previous administrations, as well as the companies benefiting from those policies. He invited the bosses of Walmart’s Mexico unit (Walmex), conglomerate Femsa, breadmaker Grupo Bimbo, and Spain’s Iberdrola to debate the existing laws at the presidential palace in Mexico City, without specifying a time. Lopez Obrador noted that Bimbo and Walmex both filed legal challenges against the law.
Chris Hayes: The Suez Canal crisis shows there is a ‘tradeoff between efficiency and resiliency’
       
MSNBC anchor Chris Hayes highlights the world’s global economic interdependence as displayed by the massive amount of dollars in trade lost due to the ship stuck in the Suez Canal
Jefferies Group Stock Passes IBD's Most Stringent Watchlist Test
       
Best Growth Stocks To Buy And Watch: See Updates To IBD Watchlists11:20 AM ET Find the best stocks to buy and watch by seeing which top growth stocks were just added to the IBD...11:20 AM ET Find the best stocks to buy and watch by seeing...
Stock Market Rallies Late, Extends Rebound As Leading Stocks Improve
       
Stock Market Finishes Strong, But Choppy Waters Hard To Navigate; Ubiquiti, Entegris, Tesla In Focus9:53 AM ET Stock market rally finishes well, but choppy waters hard to navigate: Ubiquiti, Entegris, Tesla in focus. 9:53 AM ET Stock market rally finishes well, but choppy waters hard to...
A Small-Cap Stock for the Restaurant Recovery
       
Covid-19 hammered the restaurant business—and its suppliers, like restaurant equipment maker Welbilt —hard. But with the economy recovering and eateries reopening, Welbilt stock looks like a buy. The recovery won’t be smooth and it won’t be even—pizza and fast-food are already doing well, while table-service establishments are only starting to revive—but a recovery is happening. There’s more to restaurant supply than just the economic recovery. With better margins and less debt, Welbilt could earn $1 a share by 2023, more than double 2021’s estimate of 41 cents.
Week’s Best: Focus Financial’s Latest Venture Targets Global Elite
       
Focus Financial Partners’ bread and butter has been investing in U.S. wealth management firms, but it has also struck deals abroad. This week, it announced what may be its most noteworthy international deal yet: Focus is partnering with the billionaire Hinduja family of India to launch Beryllus Capital, a multifamily office for the ultrawealthy with offices in London, Geneva, and Singapore. In other wealth management news this week:Lowering...
Friday’s jobs report will be released to a closed stock market—that’s only occurred 12 times since 1980
       
Why is the stock market closed while federal data are being released? It’s a fairly rare occurrence for the government to release a major piece of data as market participants aren’t able to react to it. And it is only happened 12 times since 1980, according to Dow Jones Market Data, with the last time occurring on 2015, and before that it happened on 2012 and 2010. National Securities chief market strategist Art Hogan told MarketWatch that it may be a good thing that the jobs report comes as the market is closed. “Having the weekend to digest this news and calibrate what this means for the economic expansion, that may be a good thing for the market,” Hogan said.
Historic $5 Gold Coin Sells for a Record $8.4 Million
       
A historic 1822 Half Eagle, a gold coin with a face value of $5, sold for $8.4 million in Las Vegas on Thursday night, making it the most valued gold coin ever sold at auction, according to the auctioneer Stack’s Bowers Galleries. The gold coin, featuring a capped bust on the front and an eagle on the back, is one of the three examples known to exist and the only one held in private hands. The other two are in the National Numismatic Collection in the Smithsonian Institution in Washington, D.C., according to Stack’s Bowers Galleries.
European Stocks Look Tempting. No, Really.
       
Am I getting desperate, or do European stocks look attractive? And since good news on vaccines broke in November, value stocks and reopening plays have turned into market darlings. If you hold a value stock that isn’t up at least 20% since then, consider the possibility that it’s not a value. J.P. Morgan is predicting that European stocks will beat the U.S. this year, after years of betting the other way. Shares go for 12 times earnings and yield 3.5%.
Mastercard battles to limit scope of $19 billion UK class action
       
By Kirstin RidleyLONDON (Reuters) -Mastercard, a global payment processor, is battling attempts to add about 14 million deceased people to a 14 billion pound-plus ($19.3 billion) British class action in an effort to limit the scope of the historic case. "A claim cannot be brought in the name of a deceased person," Mark Hoskins, representing Mastercard, said at the hearing. Former financial ombudsman Walter Merricks, who is leading the claim, alleges that Mastercard overcharged almost 60 million people in Britain - including about 14 million people who are deceased - over the period. The case could entitle adults and their estates to roughly 300 pounds each if successful. The drawn-out case was brought in 2016, one year after the CAT was nominated to oversee Britain's U.S.-style "opt-out" class action regime for breaches of UK or EU competition law.
French army accused of killing 5 civilians in north Mali
       
"It's amazing," Pericak told Leoffler of her real estate search. She said she looks up what sellers paid for the property "and what they're selling it for seems a lot higher." "For the past two years, I've felt like everyone is leaving Los Angeles, and that has intensified during the pandemic," Redfin Los Angeles agent Lindsay Katz said. The number of homes for sale in New York City increased by nearly 30% year over year in December, according to the real estate agency. Sold Home For Sale Real Estate Sign and House.
Atlanta Publix gunman was caught by Instacart shopper
       
An armed man arrested at a Publix supermarket in Atlanta was found to be in possession of six guns when apprehended by police (Atlanta Police Department)An Instacart shopper alerted staff at an Atlanta supermarket after seeing an AR-15 rifle and hearing what he thought was the sound of guns being loaded with ammunition in the store’s bathroom. Staff at the branch of Publix called the police who upon arrival arrested a suspect as he exited the bathroom and found that he had six guns, CNN reports. When officers arrived at the scene they found that the supermarket appeared to have been evacuated, and on entering almost immediately saw Mr Marley leaving the bathroom. Police released a photo of the guns recovered from Mr Marley. The Publix supermarket chain released a statement saying that it was cooperating with the investigation and that “the safety of our associates and our customers is our priority”.
PPP loans extended for small businesses until May 31
       
The House of Representatives already passed the PPP Extension Act of 2021 last week on a bipartisan basis. SOME AMERICANS STILL NEED TO PAY TAXES BY APRIL 15, DESPITE NEW DEADLINECongress established the rescue fund, which provides government-backed forgivable loans to small businesses if they maintain their payroll, one year ago with the passage of the $2.2 trillion CARES Act. This year through March 7, the PPP has approved 2.4 million loans worth about $165 billion, just over half of the $284 billion allocated to the program when it reopened in January. With the program's recent changes to eligibility, however, some experts worried there wasn't enough time to help small businesses that still need to access the fund. Under the new rules announced by the Biden administration at the end of February, businesses with fewer than 20 employees received an exclusive two-week period to apply for loans.
Game Plan: Cramer's 'Mad Money' Recap (Friday 3/26/21)
       
Jim Cramer was enthusiastic on his Mad Money show Friday evening. The stock market finished strong and the reopening of America is alive and well as the vaccine rollout is growing. Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. To sign up for Jim Cramer's free Booyah!
Piracy fears mount as ships take long way around Africa to avoid blocked Suez Canal
       
Advertisement“It just shows you how vulnerable our supply-chain lines are,” said Guy Platten, secretary general for the UK-based International Chamber of Shipping. Meanwhile, the Japanese owner of the ship expressed hope that it could be freed by Saturday night. Other methods of removing the sand will be deployed, the authority said, without specifying what that might entail. AdvertisementWith some experts predicting that freeing the ship could take weeks, some global shipping companies on Friday began seeking alternative routes for their cargo. Pirates have long preyed on ships moving in the waters off the Horn of Africa, and the seas off oil-rich West Africa are now considered among the world’s most dangerous for shipping.
South Florida fraudsters are raiding the COVID-19 relief program
       
Fraudsters also are using newly created or non-existent businesses to apply for another type of small business loan that was supposed to help agricultural and non-profit companies. People also are using stolen identities to apply for big chunks of the more than $860 billion in federal aid targeted to unemployment workers.
Column: Oh man! Chicago’s already 50 years late in dumping ‘alderman’ and making City Council titles gender neutral.
       
Calls to ban them in the wake of tragedies such as the killings in Boulder express understandable frustration, but they reliably prompt an uptick in sales of exactly the sort of guns some people want to ban. Oliva said that presidential election years, when talk of gun control is often in the air, are traditionally huge years for gun dealers, and 2020, with its street protests that occasionally erupted in violence, was a record year.
The eviction moratorium is expiring. What will Biden do?
       
Another flaw: Landlords in some jurisdictions have been initiating eviction proceedings in court, a tactic the Trump administration opened the door to in a much derided amendment to the ban. “It has allowed landlords to have these evictions just teed up and ready to go,” Dunn said. Landlords in several states have sued to scrap the order, arguing it was causing them financial hardship and infringing on their property rights. One judge in Memphis declared the CDC order unenforceable in the entire Western District of Tennessee. “Individual eviction cases are still heard by state court judges far and wide — many of who never liked the CDC halt order to begin with and were just itching for ways to circumvent it or disregard it,” Dunn said.
Applications open for Walmart’s Open Call
       
.......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........ALBUQUERQUE, N.M. — New Mexico entrepreneurs looking to sell their products at one of the largest retailers in the country will soon get their chance with the opening of applications for Walmart’s annual Open Call. The annual event encourages innovators to apply for the opportunity to meet with Walmart buyers in virtual pitch meetings scheduled for this summer, according to a news release. To apply for the event or to learn more information, visit walmart-jump.com. Applications are due by April 30. ADVERTISEMENTSkip................................................................
Virginia House speaker calls for July marijuana legalization
       
Last month, lawmakers approved a bill to legalize marijuana for adult recreational use, but not until 2024, when retail sales of the drug would begin and regulations would go into effect to control the marijuana marketplace in Virginia. With that vote, Virginia became the first Southern state to vote to legalize marijuana, joining 15 other states and the District of Columbia. But the bill was roundly criticized by some lawmakers and advocates who wanted simple possession legalized quickly to end penalties for people with small amounts of marijuana. Lawmakers last year decriminalized marijuana, making simple possession a civil penalty that can be punished by a fine of no more than $25. The legislation to legalize simple possession beginning Jan. 1, 2024, has been on Democratic Gov.
Suez Canal: UK firm warns stranded Ever Given could mean higher prices for British shoppers
       
The super tanker wedged in the sand and blocking the Suez Canal may feel like a problem on the other side of the world, but the ripples will be felt globally. It sells furniture imported from countries including Malaysia, Indonesia, Vietnam and China - much of this would pass through the canal. "The retail industry as a whole has had a well-publicised extremely difficult year," says Mr Joseph. Experts say it could be many days before the super tanker can be freed. As costs stack up, what might feel like a faraway crisis could soon be felt in prices closer to home.
Judge Judy DROPS $22MIL countersuit in long-running profits battle
       
Judith Sheindlin has decided not to move ahead with her $22 million countersuit in her long-running profits battle. The 78-year-old also known as Judge Judy told Deadline that she made her decision because her own network would have to be a defendant. Rebel are Richard's successor in interest and say they are entitled to 5% of the profits from the $95 million sale of the Judge Judy catalog to CBS in 2017. My rudimentary math translates that into $8,500,000 an hour for Mr. Lawrence. Judge Judy is wrapping up when her ViacomCBS contract expires this year and she will then start a show called Judy Justice for Amazon's IMDb TV.
Fate of trade pact hangs in the balance amid Beijing-Taipei tensions
       
The preferential trade agreement reduces tariffs on a list of Taiwanese and mainland products and allows access to service sectors. Photo: EPA-EFE
US decries Chinese ‘state-led’ social media campaign against companies cutting Xinjiang ties
       
A damaged logo on the front of the Burberry store in Shanghai is repaired on Friday. Burberry is one of the international brands suffering a Chinese backlash over Xingjiang. Photo: EPA-EFE
Biden says he suggested to UK's Johnson a plan to rival China's Belt and Road
       
(Reuters) - U.S. President Joe Biden said he suggested to British Prime Minister Boris Johnson in a phone call on Friday that democratic countries should have an infrastructure plan to rival China’s Belt and Road initiative. U.S. President Joe Biden talks to reporters as he arrives at New Castle Airport in New Castle, Delaware, U.S., March 26, 2021. Over 100 countries have signed agreements with China to cooperate in BRI projects like railways, ports, highways and other infrastructure. However, China said last year that about 20% of BRI projects had been “seriously affected” by the coronavirus pandemic. There are also been pushback against BRI from countries that have criticized projects as costly and unnecessary.
The world’s biggest banks have pumped trillions into fossil fuel projects in the past 5 years
       
As the world careens toward a climate catastrophe, the biggest banks in the world are still financing fossil fuels in the trillions of dollars. Fossil fuel companies have a couple of avenues for generating capital for their projects. JPMorgan Chase was the world’s worst “fossil bank,” contributing $51.3 billion in fossil fuel financing last year alone, and a total of $317 billion from 2016 to 2020. Wells Fargo came in third, with $26 billion in 2020, though the report notes that the bank’s fossil fuel financing actually fell by 42 percent in 2020. Citibank was named the worst bank for “funding the expanders” — that is, for funding the top 100 companies that are expanding their use of fossil fuels.
Egypt says US offers assistance as operations to free cargo ship gather momentum
       
Egypt's efforts to pull the gigantic ship using nine tugboats yielded little progress in the past few days. "The Suez Canal Authority (SCA) values the offer of the United States of America to contribute to these efforts," the SCA said in a statement. "As part of our active diplomatic dialogue with Egypt, we have offered U.S. assistance to Egyptian authorities to help re-open the canal. With movement in the Suez Canal constituting about 10% of international maritime trade and hundreds of ships standing idle on the northern and southern ends, time is of the essence. The Suez Canal, one of Egypt's main sources of hard currency, was opened in 1869.
China to begin trial of two Canadians for alleged espionage soon, state media reports
       
Added: 12.03.2021 5:25 | 15 views | 0 commentsBeijing (CNN)Two Canadian citizens charged with espionage in China could go on trial "soon," according to the state-run Global Times newspaper. Michael Kovrig and Michael Spavor have been detained since December 2018 and were charged in June last year with spying. In an article published late Thursday, the Global Times said that their cases had previously been delayed due to the coronavirus pandemic but were now proceeding.
Big Tech Got $3 Trillion Bigger During the Pandemic – and Became a Bigger Target
       
Big Tech Got $3 Trillion Bigger During the Pandemic – and Became a Bigger TargetAdded: 12.03.2021 3:06 | 15 views | 0 commentsSource: www.newsbreak.comWhile the past year has been financially and emotionally crippling for millions of Americans, the nation's tech giants have not only survived, but thrived. This week marks the unhappy one-year anniversary of when the weight of the coronavirus pandemic seemed to really hit the U.S., when Tom Hanks and Rita Wilson both announced they'd tested positive for COVID-19 and the NBA halted its season - two major indicators life was about to go sideways. At the same time, the stock market was tanking, with the Dow absorbing its biggest single-day percentage decline since the "Black Monday" crash of 1987; the tech-heavy Nasdaq was beat up nearly as bad, dropping more than... More in article.wn.com » Tom Hanks Tags: NBA
France’s economic death spiral: Macron crisis as debt hits 116% of GDP
       
France’s economic death spiral: Macron crisis as debt hits 116% of GDPAdded: 26.03.2021 13:10 | 19 views | 0 commentsEMMANUEL MACRON is facing a crisis as France's deficit reached its "highest level since 1949" due to the coronavirus pandemic.
EU's £105bn nightmare: Brussels faces economic black hole – UK soars towards Covid freedom
       
Added: 26.03.2021 17:08 | 17 views | 0 commentsCATASTROPHIC delays in the European Union's disastrous vaccine roll-out could cost the bloc an eyewatering £105billion in 2021, economists have warned.
Bill Gates warns life won’t return to normal until 2022 in devastating pandemic prediction
       
Bill Gates warns life won’t return to normal until 2022 in devastating pandemic predictionAdded: 26.03.2021 21:56 | 4 views | 0 commentsTHE WORLD won't fully return to normality until 2022 according to a dramatic warning from Bill Gates.
Runaway wallaby causes traffic chaos as it leads police on chase across Sydney Harbour Bridge
       
Runaway wallaby causes traffic chaos as it leads police on chase across Sydney Harbour BridgeAdded: 16.01.2018 3:52 | 7 views | 0 commentsA police officer is heard stifling a laugh as he drives along behind the marsupial in footage filmed from a pursuing patrol car
Three simple words Disneyland employees are never allowed to say to curious fans
       
Three simple words Disneyland employees are never allowed to say to curious fansAdded: 15.01.2018 16:14 | 7 views | 0 commentsDisneyland is supposed to be a fun experience for visitors - and a lot of work goes into making it so
Man Arrested For Returning Used Enemas To CVS On A Regular Basis
       
Man Arrested For Returning Used Enemas To CVS On A Regular BasisAdded: 30.09.2020 6:06 | 6 views | 0 commentsSource: epeinternational.comA Florida man has been arrested for allegedly returning dozens of used enemas to a Jacksonville CVS. The Jacksonville Sheriff's Department launched an investigation after they were tipped off that a man had repeatedly been returning multiple saline laxative enemas to the same CVS. According to a release from the Sheriff's Department the suspect had been returning six pack containers of enemas for more than three months. CVS is contacting anyone they know purchased enemas from the store to return them immediately and in encouraging anyone with information to please come forward. More in feeds.inquisitr.com » Employees, CVS Tags: FloridaComments: Comments: Tags advertisingCopyright © 2008 - 2021 USweekly - all rights reserved Contact us
People may quit if forced to work from home, Rishi Sunak warns
       
People may quit if forced to work from home, Rishi Sunak warnsAdded: 26.03.2021 9:47 | 24 views | 0 commentsThe chancellor urges firms not to scrap offices altogether, warning employees may leave if they do.
Asda loses Supreme Court appeal in equal pay fight
       
Asda loses Supreme Court appeal in equal pay fightAdded: 26.03.2021 10:03 | 22 views | 0 commentsSupreme Court rules Asda shop workers free to pursue fight to gain equal pay with warehouse workers.
CEO Secrets: 'How my customers campaigned for my brand'
       
CEO Secrets: 'How my customers campaigned for my brand'Added: 26.03.2021 22:18 | 1 views | 0 commentsThe founder of Heura explains how his customers helped get his plant-based food brand on to supermarket shelves.
Instagram for kids could be coming, and it would be disastrous
       
Instagram for kids could be coming, and it would be disastrousAdded: 26.03.2021 17:18 | 7 views | 0 commentsCommentary: The platform incites feelings of jealousy and inferiority that would be detrimental to young minds. It's a tough enough battle as an adult.
Defeat the Creature in the Well, a free pinball-inspired puzzle game from Epic
       
Defeat the Creature in the Well, a free pinball-inspired puzzle game from EpicAdded: 26.03.2021 19:42 | 9 views | 0 commentsThis entertaining "pinbrawler" is a cleverly reimagined hack-and-slash dungeon crawler. This week Epic is saving you $15 to own it.
Stimulus check smaller than you expected? Here are 6 reasons why
       
Added: 26.03.2021 19:00 | 9 views | 0 commentsMore than a hundred million people have already received their third stimulus checks, with tens of millions more to go. But some may find they got less money than they thought they'd get. Others may not qualify at all. We explain.
Do you qualify for the $1,400 stimulus check? Answers to all your eligibility questions
       
Do you qualify for the $1,400 stimulus check? Answers to all your eligibility questionsAdded: 26.03.2021 18:00 | 6 views | 0 commentsSource: the-artifice.comHeads up -- qualifications for the third stimulus check are different this time. Here's how to find out if you're eligible to receive the $1,400 payment. More in www.cnet.com »
'Keep off the grass': The biofuel that could help us achieve net zero
       
'Keep off the grass': The biofuel that could help us achieve net zeroAdded: 26.03.2021 22:18 | 2 views | 0 commentsSome grasses are a sustainable energy source that could be a driving force towards achieving net zero carbon emissions, according to new research that demonstrates their resilience to harsh growing environments.
Can the coronavirus outbreak be contained?
       
Can the coronavirus outbreak be contained? Added: 26.03.2021 17:18 | 5 views | 0 commentsSource: mane-lb.comAs the public and private sectors race to develop a vaccine for the coronavirus, innovations to help identify or limit the spread are also equally important, if not more. CNBC's Nessa Anwar spoke to scientists, entrepreneurs and economists about what countries can do to slow down the spread of the disease. More in www.cnbc.com » Scientists Tags: EU
Coronavirus hits already struggling US farmers: 'We've stopped saying it can't get worse'
       
Coronavirus hits already struggling US farmers: 'We've stopped saying it can't get worse'Added: 26.03.2021 17:18 | 5 views | 0 commentsSource: www.cleveland.comFarm trade groups are lobbying the Trump administration to provide financial aid for farmers enduring price drops amid the coronavirus pandemic. More in www.cnbc.com »
A third of the world could live in places as hot as the Sahara desert by 2070, WEF warns
       
A third of the world could live in places as hot as the Sahara desert by 2070, WEF warnsAdded: 26.03.2021 17:18 | 5 views | 0 commentsScientists warned that billions of people could be forced to endure "unliveable" circumstances by 2070 if decisive action is not taken to halt climate change.
Supermarket’s Christmas advert takes social media by storm with emotive coronavirus twist
       
Added: 12.11.2020 12:02 | 9 views | 0 commentsA for an Irish chain has taken social media by storm thanks to an emotive 2020-themed twist.
Trump falsely claims Jan. 6 rioters were ‘hugging and kissing’ police
       
Added: 26.03.2021 16:26 | 17 views | 0 commentsAround 140 officers were injured that day and three died, one after defending the Capitol and two by suicide.
Personal Finance Daily: Real-estate agents are rethinking decades of advice on pools and how COVID-19 rewrote American shopping lists
       
Personal Finance Daily: Real-estate agents are rethinking decades of advice on pools and how COVID-19 rewrote American shopping lists
Redfin sees record 39% of homes sold above asking price, as supply falls
       
Redfin sees record 39% of homes sold above asking price, as supply fallsAdded: 26.03.2021 13:13 | 16 views | 0 commentsSource: www.redfin.comRedfin Corp. said Friday that the median price for homes sold rose 16% from a year ago to a record $331,590 during the four-week period ending March 21. Although the average sales price was 5.3% below the average asking price of $349,973, a record 39% of homes sold were priced above their list price, up from 24% a year ago, the real estate brokerage company said. A record 58% of homes that went under contract had an accepted offer within the first two weeks on the market. The supply of homes for sale fell, with new listings down 12% from last year, while active listings dropped 42%. Redfin Chief Economist Daryl Fairweather expressed concern about what rising home prices meant for future potential home buyers.
The Moneyist: My parents died of COVID-19 and left no will. My brother lives rent-free in their home, and borrowed $35K. How do we start probate?
       
The Moneyist: My parents died of COVID-19 and left no will. My brother lives rent-free in their home, and borrowed $35K. How do we start probate? Added: 26.03.2021 19:14 | 11 views | 0 commentsHow do we move into probate so we do not lose the house and bank accounts, while not killing ourselves in the process?’
The Moneyist: I’m dating a married man. He made me the beneficiary on a $100K life-insurance policy. Could his wife sue to claim this money?
       
The Moneyist: I’m dating a married man. He made me the beneficiary on a $100K life-insurance policy. Could his wife sue to claim this money? Added: 26.03.2021 17:09 | 10 views | 0 comments‘Although we both care greatly for each other, our relationship started as and remains a mutually beneficial one: money for me, companionship for him.’
The 'Green Energy' That Might Be Ruining the Planet
       
Added: 26.03.2021 20:16 | 11 views | 0 commentsThe biomass industry is warming up the South's economy, but many experts worry it's doing the same to the climate. Will the Biden Administration embrace it, or cut it loose?
At least 32 killed in Egypt train crash
       
At least 32 killed in Egypt train crashAdded: 26.03.2021 20:16 | 9 views | 0 commentsAuthorities are investigating after two passenger trains collided in the central province of Sohag.
U.S. Senate votes to confirm McConnell protege to influential appeals court
       
Added: 18.06.2020 20:07 | 8 views | 0 commentsThe U.S. Senate on Thursday voted to confirm a federal judge who is a protege of Senate Republican Leader Mitch McConnell to an influential appeals court in Washington.
Former White House aide Bolton says Trump not 'fit' to be president
       
Former White House aide Bolton says Trump not 'fit' to be presidentAdded: 18.06.2020 19:47 | 3 views | 0 commentsFormer top White House aide John Bolton delivered a damning indictment of his former boss, saying Donald Trump's behavior in office and dealings with foreign leaders showed he was unfit to be president of the United States.
Here's what to do if you can't pay your taxes this year
       
Here's what to do if you can't pay your taxes this yearAdded: 26.03.2021 14:13 | 21 views | 0 commentsIf you're avoiding filing your taxes because you can't afford to pay what you owe, there is good reason to file anyway.
'It's crazy. There is no inventory.' Housing industry veteran marvels at real estate boom
       
'It's crazy. There is no inventory.' Housing industry veteran marvels at real estate boomAdded: 26.03.2021 10:20 | 21 views | 0 commentsJeffrey Mezger is a 40-year veteran of the real estate industry. He's never seen a stronger housing market than this one.
3 Reasons You Should Buy a Business Now
       
"Although this might not have been the easiest time to buy a business, in many ways it was ideal," says Jake. "What you can see in how a business is surviving, or even thriving, right now tells you a lot about the strengths and weaknesses of the business model," said Jake. What's more, the price may be right right now. "You don't want to strap your business down to a high debt service while you're still getting used to the new business and running the new business." Get in before the boomIf you're looking to buy a business that will take advantage of the influx of newly vaccinated people looking to dine, shop, and travel, start looking now.
How to Free the Ever Given—Using Buoyancy Force!
       
Two easy options are to remove water ballast or fuel. But if you remove water with a mass of 23 million kilograms, it would have a volume of 23,000 m3. These pools are about 50 m x 25 m x 2 m for a volume of 2,500 m3. That just means I get to estimate the shipping container mass. The big ones are 2.4 m x 12.2 m x 2.6 m for a total volume of 76.1 m3.
How to Get Rid of Tan Lines Safely According to a Dermatologist
       
Like, damage, damage. ), let's get back to addressing your current sitch: How to get rid of tan lines now that you have them. How do you get rid of tan lines fast? Fade your tan with retinolUnfortunately, once you've got a tan and tan lines, there isn't much you can do to help them fade overnight. So grab that piña colada—or, like, iced coffee—and let's cheers to no more tan lines, k?
Vero Wine Bar’s Lawsuit Claims Dramatic Landlord Harassment
       
Not long after Vero refused the offer, someone from Sky Management told Marovic that “he would be sorry, because [they] have ‘connections,’” according to the lawsuit. Marovic was told he would “regret” his decision to stay, and that Sky Management would “come after” him and his managers, court papers claim. On top of these difficulties, Sky Management allegedly engaged in still more mob-style bullying. (Vero’s lawsuit maintains that these were fake, intended to intimidate and dissuade restaurant-goers.) The landlord claimed in a lawsuit that Vero’s lease had expired at the end of March 2020.
Intrepid Museum, Unlike You, Will Not See a Rent Increase for the Next 30 Years
       
Photo: Erik Pendzich/ShutterstockOn Thursday, the Hudson River Park Trust decided that the Intrepid Museum will continue to pay the same rent for its home on Pier 86 that it did in the 1980s — $1 a year — for the next three decades. But as the community board argued in a letter sent to the Hudson River Park Trust, the museum could afford to pay much more in rent based on its $34 million in total revenue (according to 2018 tax filings). The museum opened Thursday after being closed for over a year, which left the once very financially healthy institution with quite a hole to fill: It’s expected to earn just a quarter of its 2019 revenue this year. Even with its wildly cheap rent cemented for another thirty years, it may still take some time to right the ship. “With a slow and gradual tourism rebound predicted, it could take as long as a decade for the museum to fully recover to pre-COVID levels,” said Brian Walker, a spokesperson for the museum.
Mutual Aid Groups Are Now Booking Vaccine Appointments Too
       
Taylor’s vaccine appointment was the product of an elaborate system developed by Clinton Hill Fort Greene Mutual Aid — one of several mutual-aid groups across the city that have mobilized their networks to help neighbors get the coveted jab. Clinton Hill Fort Greene Mutual Aid began its vaccine efforts in February, when the mass vaccination site opened at Medgar Evers College in nearby Crown Heights. On a recent Zoom call with eight mutual-aid groups, from Red Hook to Astoria, one shared tips for the tricky Walgreens sign-up process, another offered translated flyers. Members of the group had been mulling ways to help locals sign up for shots in February when a nonprofit asked for help scheduling vaccine appointments at Canarsie High School. A few short weeks later, 50 volunteers have made more than 1,000 calls and have scheduled 253 vaccine appointments — and counting.
Microsoft Buying Discord Would Be 2021’s Best Acquisition
       
Kara Swisher: Microsoft is in talks to acquire Discord, a social media for video gamers. It’s been a huge year for video-gaming companies, and Microsoft has bolstered much of its gaming business with acquisitions. Scott Galloway: The best acquisition of 2020 — and I don’t like the company, but it was the best acquisition of 2020 — was when Uber acquired Postmates and diversified away. That’s really powerful, really powerful. I think you’re right: Microsoft has done such a great job of keeping a low profile.
How to Use Cash-Back Apps to Save Money Daily
       
If you shop for household items or spend money someplace nearly every week or month, why not earn a few dollars back in the process? One of the apps that's particularly useful on this front is Dosh, says Ben Reynolds, CEO and founder of Sure Dividend. When you swipe your credit card at participating businesses, Dosh deposits cash back into your account. When the money in your account adds up to $25 or more, it can be transferred to your bank, PayPal, or Venmo. The key takeaway is to do your research and opt for an app that works with the places you spend the most money.
LA Times suffered ‘catastrophic’ COVID losses
       
The Los Angeles Times and San Diego Union Tribune suffered a revenue loss of more than $50 million in 2020 as the coronavirus pandemic squeezed its already struggling business, an executive for the parent company California Times told staffers on Thursday. The $50 million loss figure confirms The Post’s reporting on March 23. A California Times spokeswoman said the company does not wish to comment on the Thursday meeting, where Argentieri predicted tough times ahead. The $50 million revenue loss follows a reported $20 million loss in 2019 after owner Dr. Patrick Soon-Shiong undertook a major hiring surge in the newsroom and moved the HQ from downtown LA to El Segundo near the LA Airport. Earlier this week it emerged that the California Times had secured a $10 million federal loan as coronavirus relief, which Argentieri said would be used primarily to pay for staff and benefits.
Jumaane Williams, black activists rip Cuomo for ‘harming’ black communities
       
New York City Public Advocate Jumaane Williams and a chorus of black activists blasted Gov. Andrew Cuomo outside his Manhattan office Friday – charging that the governor has “harmed” communities of color through the underfunding of schools, hospitals and housing. Williams called the three-term Democratic governor “a master manipulator” as black leaders held up handmade signs reading phrases such as, “Austerity budget cuts hurt black communities,” “Gov. Cuomo’s cuts hurt black communities.”“Right now he is manipulating the very real pain and real trauma the black community has gone through for so many years,” said Williams. “Working with leaders of these communities to spread that message is about saving lives – we’ll leave the political games to others.”Additional reporting by Bernadette Hogan
Wall Street’s march into China increasingly at odds with Biden’s tough stance
       
“China has tried to use Wall Street in the past to provide ballast in the relationship,” said Ryan Hass, a former Obama administration China specialist. When he negotiated a North American trade deal, he eliminated special tribunals that allowed corporations to end-run Mexico’s legal system, calling it an implicit subsidy for offshoring. Wall Street was among the big winners in Trump’s China trade deal. Additional restrictions on American trade and investment flows may loom. To compete economically with China, the United States needs a sophisticated financial industry, which requires experience in the second-largest economy in the world.
The Suez logjam shows how fragile our global trade system is
       
But the system of rapid shipping that now drives so much of global trade was first enabled by the Suez Canal, so it’s little surprise that the backup is rippling around the planet. ADADSince its opening in November 1869, the Suez Canal has provided a shorter route between the Mediterranean Sea and the Indian Ocean. Reopened after a few months, the Suez Canal was a strategic asset for the nation, providing revenue from tolls. Egypt and the Suez Canal Authority are using dredgers to clear out the dirt along the forward port side of the vessel. Either way, the lack of large salvage tugs as a part of the Suez Canal Authority is forcing the world to await the arrival of such vessels.
Kudlow: Biden infrastructure bill includes 'largest expansion of the social welfare state' since LBJ
       
'Kudlow' host Larry Kudlow unpacks what Biden's signature infrastructure bill means for the U.S. economy, businesses and social welfare programs. LARRY KUDLOW: The infrastructure bill that was strongly touted by President Biden...is really a Trojan horse for the Green New Deal, and it's likely a second Trojan horse for large tax hikes on large and small businesses, successful earners, capital gains, social security. This whole plan, writ large, if it's passed later this year, will have an enormously negative impact on an economy that right now is booming. It doesn't need stimuli, it sure doesn't need tax hikes, and it sure doesn't need to end the fossil fuel energy business. This bill also will include the largest expansion of the social welfare state since LBJ's Great Society.
President Biden will unveil his economic plan next week
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPresident Biden will unveil his economic plan next weekPresident Biden will unveil the two-part infrastructure social package next Wednesday in Pittsburg. It's expected to have a price tag between $3.2-$3.5 trillion dollars. Kayla Tausche joins 'Closing Bell' to discuss.
Watch CNBC's full interview with Salesforce president Bret Taylor and Snowflake CEO Frank Slootman
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Salesforce president Bret Taylor and Snowflake CEO Frank SlootmanSalesforce is hoping to tap into a growing digital-first sales world with its latest product update. The company unveiled its revamped sales cloud 360 this week, which features a number of services including the use of artificial intelligence to track sales performance. Bret Taylor, Salesforce president and COO and Snowflake chairman and CEO Frank Slootman, joins 'Closing Bell' to discuss.
I've grown my 401(k) balance by $100,000 in 3 years: Here is my best advice
       
In my 30s, I turned that around and started investing in index funds and prioritizing my 401(k). By the end of 2020, thanks to some key strategies, in three years I had grown my 401(k) balance by $100,000. I was ultimately able to add $100,000 to my balance thanks to my investment growth and my employer match. I invest in low-fee, high-performance fundsMy current 401(k) contributions are primarily invested in a large-cap index fund that tracks the S&P 500. Remember that you earn interest on both your contributions and your employer contributions.
Salesforce COO Bret Taylor discusses the company's push to digital-first
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSalesforce COO Bret Taylor discusses the company's push to digital-firstSalesforce is hoping to tap into a growing digital-first sales world with its latest product update. The company unveiled its revamped sales cloud 360 this week, which features a number of services including the use of artificial intelligence to track sales performance. Bret Taylor, Salesforce president and COO, and Snowflake chairman and CEO Frank Slootman, joins 'Closing Bell' to discuss.
Mark Cuban: The Dallas Mavericks are thinking about 'turning our tickets into NFTs'
       
Billionaire investor Mark Cuban sees a lot of promise in the future of NFTs, or nonfungible tokens. In fact, Cuban is now looking for ways to use the technology to bring in more money for his NBA team, the Dallas Mavericks. "With the [Mavericks], we're trying to find a good option for turning our tickets into NFTs," Cuban said on "The Delphi Podcast" on Wednesday. Cuban added that he has noticed that season ticket holders will profit by reselling their tickets for a high-demand game, and believes that with an NFT royalty feature, the Maverick's could profit as season ticket holders do, for instance. "So, how do we balance those things to maximize our revenue and maximize the value for season ticket holders?
Jeep, Dodge maker Stellantis temporarily closing five North American plants due to chip shortage
       
A United Auto Worker member leaves the Fiat Chrysler Automobiles Warren Truck Plant after the first work shift on May 18, 2020 in Warren, Michigan. A global shortage of semiconductor chips is forcing Stellantis to temporally close five North American plants starting next week, the company confirmed Friday afternoon. The impacted plants are in Illinois, Michigan, Mexico and two in Ontario, Canada. They build an array of products for the company – from older Ram 1500 pickup trucks and Jeep models to minivans and Dodge and Chrysler cars. A spokeswoman for Stellantis declined to disclose how many units of production are expected to be lost.
The end of the quarter could create volatility for markets in the week ahead
       
Stocks could be buffeted by end-of-quarter trading in the week ahead, as pension funds and other big investors buy bonds and sell stocks to rebalance their portfolios. Stocks were higher in the past week, while Treasury yields were less volatile. Some strategists say the quarter-end trade could end up being positive for stocks, especially big cap tech, since rates have stopped moving higher temporarily. The Dow was up 1.4% for the week, and has a 8% gain for the first quarter so far. The Nasdaq has been the laggard, falling 0.6% for the week, and up 1.9% for the quarter.
Stellantis, Tesla's Chinese rival Nio cut production due to chip shortage
       
(Reuters) -Stellantis NV and Chinese electric vehicle maker Nio became the latest carmakers to announce new production cuts as a result of a global semiconductor chip shortage. Slideshow ( 3 images )Stellantis said on Friday it will temporarily halt production at five North American plants next week because of the global microchip shortage: two assembly plants in Canada, one in Mexico and two in the United States. The production halts will start next week through early to mid-April. Stellantis did not specify how long the shutdowns would last, but a union local in Windsor said the minivan plant would halt production for four weeks starting on Monday. GM and Japan’s Honda both said this week they would continue production suspension at plants in North America for the coming weeks.
Dollar roughly flat but close to 4-month highs on economic optimism
       
(Corrects headline to months from years)FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-WonNEW YORK (Reuters) - The dollar was roughly flat against major currencies on Friday, but still near four-month peaks, on continued optimism about the U.S. economy, and came close to surpassing a 10-month high against the Japanese yen. Against a basket of six major currencies, the greenback stood at 92.7200, on track to close out the week with a gain of about 0.7%. The dollar-yen also rose as high as 109.80, roughly the highest since June. Elsewhere, bitcoin gained more than 4%, helping recover some of its pullback from a record high of almost $62,000 touched earlier this month.
Brazil prosecutors to investigate Vale over Steinmetz complaint
       
The concession was later revoked by the Guinean government after it said it had evidence BSGR obtained the rights through corruption. The prosecutors’ memorandum does not state the specific risks that Steinmetz is alleging should have been disclosed to shareholders. The memorandum says that if Vale did what BSGR claims, it would constitute a crime under Brazilian law. “Steinmetz will also answer in civil and criminal courts for his fallacious maneuvers.”Steinmetz was not immediately available for comment. Vale had accused BSGR of fraudulently inducing it to buy the 51% stake in the mine.
Tesla's Chinese rival Nio halts production due to chip shortage
       
(Reuters) - Chinese electric vehicle maker Nio became the latest carmaker to temporarily suspend production on Friday as a result of a global semiconductor chip shortage that has led to major losses. Slideshow ( 3 images )Ford Motor, Honda Motor, General Motors and Volkswagen were among the automakers caught off guard by the shortage, forcing many to hold back production even as car demand picked up during the pandemic. Shares of Nio, which makes the ES8 and ES6 electric sport-utility vehicles, were down more than 8% in U.S. mid-afternoon trading. GM and Japan’s Honda both said this week they would continue production suspension at plants in North America for the coming weeks. Swedish truck maker Volvo AB meanwhile said on Tuesday the chip shortage would have a “substantial” impact on its second-quarter earnings, and it would implement stop days across its sites globally beginning in April.
EXPLAINER: A look at key questions after Colorado shooting
       
(AP Photo/David Zalubowski)The U.S. is reeling from its second mass shooting in less than a week and a city is again grieving even as the nation continues to cope with the coronavirus pandemic. The suspect was jailed after the rampage that killed 10 people in a Colorado supermarket Monday afternoon, but many questions about what caused the shooting are still unanswered. But the suspect in the shooting, 21-year-old Ahmad Al Aliwi Alissa, was from the Denver suburb of Arvada, about 20 miles (32 kilometers) away. THE WEAPONThe suspect bought the weapon believed to have been used in the shooting six days before the slayings. It’s likely impossible to know if it could have stopped him, but the timing was tragic for city leaders who had hoped to prevent a mass shooting of the kind that has gripped Colorado several times over the past two decades.
Tesla Inc. stock underperforms Friday when compared to competitors
       
Shares of Tesla Inc. TSLA, -3.39% shed 3.39% to $618.71 Friday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP, +1.24% rising 1.24% to 13,138.72 and the Dow Jones Industrial Average DJIA, +1.39% rising 1.39% to 33,072.88. Tesla Inc. closed $281.69 short of its 52-week high ($900.40), which the company achieved on January 25th. The stock underperformed when compared to some of its competitors Friday, as Toyota Motor Corp. ADR TM, +1.52% rose 1.52% to $153.37, General Motors Co. GM, -0.14% fell 0.14% to $56.52, and Honda Motor Co. Ltd. ADR HMC, +0.66% rose 0.66% to $30.45. Trading volume (33.5 M) eclipsed its 50-day average volume of 32.9 M.
Bank of America Corp. stock rises Friday, outperforms market
       
Shares of Bank of America Corp. BAC, +2.71% rose 2.71% to $38.68 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +1.66% rising 1.66% to 3,974.54 and the Dow Jones Industrial Average DJIA, +1.39% rising 1.39% to 33,072.88. Bank of America Corp. closed $1.29 below its 52-week high ($39.97), which the company reached on March 18th. The stock outperformed some of its competitors Friday, as JPMorgan Chase & Co. JPM, +1.67% rose 1.67% to $155.09, Citigroup Inc. C, +1.81% rose 1.81% to $73.02, and Wells Fargo & Co. WFC, +1.17% rose 1.17% to $39.76. Trading volume (66.5 M) eclipsed its 50-day average volume of 54.2 M.Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Tupperware Stock Is Slipping, and Executives Are Buying Up Shares
       
Tupperware executives have bought $1.2 million of shares of the maker of storage containers. CEO Miguel Fernandez and Executive Vice Chairman Richard Goudis led the buying. Bluwarrior/DreamstimeTupperware stock has gone stale so far in 2021, but a group of executives recently bought shares of the maker of storage containers on the open market. Tupperware (ticker: TUP) was a 2020 winner, nearly quadrupling in share price while the S&P 500 index merely gained 16.3%. This year, however, shares have slid 23% while the index has added on nearly 6%.
A record number of homes are selling above their asking price and whether life insurance for children is a good investment for them
       
Happy Friday MarketWatchers. Don’t miss these top stories. My parents died of COVID-19 and left no will. My brother lives rent-free in their home, and borrowed $35K. How do we start probate?
Berkshire Hathaway Inc. Cl B stock outperforms competitors on strong trading day
       
Shares of Berkshire Hathaway Inc. Cl B BRK.B, +2.40% rallied 2.40% to $256.77 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +1.66% rising 1.66% to 3,974.54 and the Dow Jones Industrial Average DJIA, +1.39% rising 1.39% to 33,072.88. Berkshire Hathaway Inc. Cl B closed $10.73 below its 52-week high ($267.50), which the company achieved on March 10th. The stock outperformed some of its competitors Friday, as Honeywell International Inc. HON, +2.17% rose 2.17% to $218.53, 3M Co. MMM, +0.92% rose 0.92% to $194.88, and General Electric Co. GE, +1.09% rose 1.09% to $12.99. Trading volume (5.7 M) eclipsed its 50-day average volume of 5.5 M.Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Johnson & Johnson stock outperforms market on strong trading day
       
Shares of Johnson & Johnson JNJ, +1.83% advanced 1.83% to $164.93 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.66% rising 1.66% to 3,974.54 and the Dow Jones Industrial Average DJIA, +1.39% rising 1.39% to 33,072.88. Johnson & Johnson closed $8.72 short of its 52-week high ($173.65), which the company achieved on January 26th. The stock outperformed some of its competitors Friday, as Roche Holding AG Part. Trading volume (7.6 M) remained 600,652 below its 50-day average volume of 8.2 M.Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
My parents died of COVID-19 and left no will. My brother lives rent-free in their home, and borrowed $35,000. What now?
       
My parents did not leave a will or any instructions about what to do in case of their death. My mother loaned my other brother $35,000 for his down payment on his mobile home.’ ”One of my brothers lives in the home rent-free. My mother loaned my other brother $35,000 for his down payment on his mobile home. “State law usually holds the personal representative to the standard of care of a ‘reasonable, prudent individual’ under all circumstances. Assuming this was not a notarized loan agreement, the administrator will likely rule that this $35,000 was given to your brother as a gift.
How a Regulatory Tweak Will Affect Banks, Money Funds, and the Financial System
       
The Fed, money market funds, and other participants already have all the tools they need to solve the problems supposedly created by the SLR. That’s what insurers, fixed income mutual funds, exchange-traded funds, specialized credit funds, and some securitized products already do. Regulators have rejected this approach, instead preferring to estimate how much equity and long-term debt banks would need to absorb losses without putting protected creditors at risk. In the first months of the pandemic, money fund assets grew by $1.3 trillion while conventional bank deposits rose by about $1.4 trillion. Pozsar thinks redistributing deposits from the big banks to money funds, with reverse repos replacing bank reserves as the Fed’s liability of choice, would ultimately be an improvement.
Newly Built Lake Tahoe Estate, Along With a Boat, Sells for $31 Million
       
McKinney Lodge, a newly built property with 225 feet of lake frontage on Lake Tahoe in Homewood, California, has sold for $31 million, making it one of the most expensive homes in the exclusive area. Mr. Dietz listed the property, developed by Wallco Development, for $32 million last July. The home attracted multiple offers and the all-cash buyer is from the U.S., according to Mr. Dietz, who declined to discuss further. “It’s a classic Lake Tahoe masterpiece with luxury modern amenities. It has a very classic lodge feel that rings mountains, lake and vacation,” Mr. Dietz said.
Mansion Global Daily: Advice for Second-Home Seekers, Hank Azaria Lists New York Country House, and More
       
The house has 11,350 square feet of living space including seven bedrooms and seven and a half bathrooms. AXIOSHistoric, 16-Bedroom Palm Beach, Florida, Home Sells for $45.6 MillionA historic 13,153-square-foot mansion in Palm Beach, Florida, sold for $45.6 million in mid-March, according to recently filed property records. The actor, 56, who has won four Emmy Awards for his work on "The Simpsons," bought the home in 2014 for $2.11 million, according to property records. DirtAROUND NEWS CORPJerry Seinfeld Is Asking $14.95 Million for 27-Acre Colorado Property [The Wall Street Journal]Will House Prices Rise or Fall in 2021? [The Times of London]Woolworth Building’s ‘Pinnacle’ Penthouse Relists for Massive Discount [New York Post]Historic Boston Home May Have Been an Underground Railroad Station [realtor.com]
Dodge, Jeep maker Stellantis to halt some auto production on chip shortage: report
       
Auto maker Stellantis NV STLA, +1.69% , formed by the merger between PSA Group and Fiat Chrysler Automobiles, will temporally close five North American plants next week, CNBC said late Friday, adding that the company confirmed the closures Friday afternoon. The plants are in Illinois and Michigan, and one Mexico and two in Ontario, Canada, and build several of Stellantis cars, including Ram 1500 pickup trucks, Jeep models and Dodge and Chrysler cars. The facilities, formerly part of Fiat Chrysler, are expected to be closed from Monday through early- or mid-April, CNBC said. Worldwide chip shortages have forced other auto makers to take similar measures in recent weeks, with industry observers saying that the shortages could last well through the end of the year.
‘It’s survival for people. It’s self-respect’: Why your kids really need you to file a tax return this year
       
The IRS is scheduled to distribute periodic payments under the enhanced Child Tax Credit from July 1 to Dec. 31. “I don’t think the Child Tax Credit’s expansion would do what it’s intended to do if it doesn’t reach the most income-constrained households,” she added. One way to estimate how many is to look at participation rates for the Earned Income Tax Credit, said Maag. That might cold comfort when the tax money could help a lot to make next month’s rent. She said questions from Fresh EBT users about the enhanced Child Tax Credit are pouring in.
BRP CEO 'surprised by the surge in demand' amid COVID-19
       
It might just take a while.But time is a luxury the ships using the Suez Canal don’t have. Scores of ships have already decided to go the long way around -- passing the southern tip of Africa -- also depriving Egypt of vital revenue. What followed was a week of intense dredging around the vessel by SMIT -- the company employed to dislodge the Ever Given. That operation succeeded after about a week.But if helicopters were eventually to become necessary, then that would be hugely expensive. A few years ago, the company sent helicopters to remove containers from a vessel that was stranded on a sandbank east of Australia.
I'm advising my clients to invest, '60% equities, 20% bonds,' and 20% in alternatives: CFA
       
But Wall Street strategists warn that the likely outcome this time is that the market ultimately blinks first. The market has been testing the Fed by “trying to push further forward the first hike. In projections released last week, 7 of 18 officials predicted higher rates by the end of 2023, compared with 5 of 17 in December. “Some disconnect between markets and the Fed policy is understandable, but the degree of disconnect now is simply glaring. Stocks aren’t far from record highs, for example.At JPMorgan, the thought is that the Fed holds steady until 2024.
Oil spikes as White House eyes Suez Canal energy impact
       
The shipping vessel stuck in the Suez Canal may escalate into a crisis for U.S. energy markets and the White House is paying close attention. "We do see potential impacts on energy markets...it is one of the reasons we have offered assistance. If the vessel remains stuck, other ships will be forced to be re-routed around the canal, delaying deliveries for all kinds of products, including oil and natural gas. Loris did note one "saving grace" that could keep oil prices stable; European lockdowns which have been reinstated due to an uptick in COVID-19 cases. This has reduced demand which resulted in the third straight week of declines for oil which equates to a 7.75% drop.
Where to find the most bang for your savings buck. Spoiler: On Wall Street
       
Also, you mentioned earning interest, but interest is what is paid on bonds and savings accounts. My question is: Can I deposit my W-2 amount in a Roth IRA? Backdoor Roth Ira conversionsDear Liz: I am 65, self-employed and have a SEP IRA as well as a Roth IRA. If you’re in a low tax bracket, that limit likely isn’t a problem for you. Financial planners often recommend converting just enough to “fill out” a low tax bracket.
White House supports private sector companies battling China's censorship, Psaki says
       
White House press secretary Jen Psaki on Friday indicated the Biden administration was prepared to stand up to China’s efforts to “weaponize” private companies’ dependence on its markets in order to censor free speech. “American consumers and consumers everywhere deserve to know that their goods or the goods they are buying are not made with forced labor and many companies are standing up for consumers rights,” Psaki said. “The international community in our view should oppose China's weaponizing of private companies dependence on its markets to stifle free expression and inhibit ethical business practices.”When it came to specific actions the administration could take to promote ethical business practices and to protect companies, Psaki said the White House can work with the international community and the private sector. NIKE FACES SOCIAL MEDIA STORM IN CHINA OVER XINJIANG STATEMENTSeveral companies have invoked the wrath of the Communist regime. Nike came under fire for a comment it made raising concerns about forced labor practices in the Xinjiang Uyghur Autonomous Region (XUAR).
The 'Nonsense' Happening in the Market Right Now Will Soon Pass
       
The action was dominated by rotation, rebalancing, and what looked like some liquidation. In addition, that ARK ETFs (ARKK) were under tremendous pressure again as traders bet against a rebound in some of the high-beta technology names held by those ETFs. Despite these pockets of tremendous selling pressure, breadth was quite strong at around 5,700 gainers to 2,100 decliners. Market corrections tend to be driven by the movement of large baskets of stocks. This is a process that occurs on a regular basis, and eventually, it will lead to another great upside run.
‘We all just won the lottery’: Frisco community welcomes H-E-B with open arms and open wallets
       
Both H-E-B and Frisco were trending topics on Twitter. “This feels like we all just won the lottery ... if the lottery paid out cheese and cookies,” resident and Frisco ISD school board trustee Rene Archambault wrote in a comment. He said company leaders met with city officials early Friday to introduce themselves and “commit to being an active partner” in the Frisco community. The Frisco H-E-B store will be built on land the chain purchased in 2016. “Given its popularity, I have no doubts the Frisco store will be a regional destination for our slice of North Texas,” Cheney said.
Florida will get 595,530 COVID vaccine doses next week as Johnson & Johnson shots return. Here’s where they’ll go
       
Statewide, Walgreens and CVS pharmacies will each receive 50,310 Pfizer doses and Publix pharmacies will again receive 55,000 of the state’s Moderna doses. The state’s list does not include doses the federal government will distribute directly through its retail partners including Publix, Walmart, Winn-Dixie and CVS.
Two Freeport towing companies, owner admit to underreporting taxable sales
       
Two Freeport-based towing companies and their owner pleaded guilty Friday to underreporting more than $8 million in taxable sales over the past decade, state officials said. Broadway Towing and Broadway Auto & Towing pleaded guilty to one count each of third-degree criminal tax fraud while business owner Luis Crespo, 53, of Freeport, pleaded guilty to petit larceny. The defendants, who have already paid $160,000 in restitution to the state Taxation and Finance Department, still owe an additional $750,000 in restitution and other fees, according to state Attorney General Letitia James' office. Broadway Towing underreported its taxable sales by $5.4 million and failed to remit more than $467,000 in sales tax to the state between Dec. 1, 2009, and Feb. 28, 2018, according to a Tax Department audit. Broadway Auto & Towing underreported its taxable sales by $3.1 million, and failed to remit nearly $272,000 in sales taxes between late 2009 and Nov. 30, 2106.
Florida sends COVID-19 liability protection bill to governor
       
TALLAHASSEE, Fla. (AP) — Florida businesses, governments and healthcare providers will be protected from coronavirus lawsuits if they made a good effort to follow guidelines to prevent the spread of COVID-19 under a bill the House sent to Republican Gov. In order for a lawsuit to move ahead, a plaintiff would have to show that the defendant deliberately ignored guidelines. A plaintiff would also need a signed affidavit from a doctor stating with reasonable certainty that injury or death caused by COVID-19 was a result of the defendant's actions. The bill “provides limited liability protection to those entities in Florida that tried day after day to do what they were told they needed to do,” said Republican Rep. Colleen Burton. They said the language in the bill and need to prove gross negligence will make it difficult to bring a case forward.
S&P 500 returns to a record high after best day in weeks
       
“It's natural that you would have people looking at" stocks of companies that would benefit the most from a rejuvenated economy, said Tom Plumb, portfolio manager and president of Plumb Funds. Higher yields can make investors less willing to pay high prices for stocks, with companies seen as the most expensive taking the most pain. Companies that ask their investors to wait many years for the payoff of big profit growth have also been hit hard. The yield on the 10-year Treasury rose to 1.67% from 1.61% late Thursday. That took off some of the pressure of inflation worries in the near term.
DOJ Has Charged Nearly 500 With COVID-Related Fraud In The Past Year
       
Early on in the pandemic, the Justice Department made fighting such crimes a priority. There was added urgency after Congress passed the massive CARES Act a year ago Friday, which provided a lifeline of cash to help support the country's economy. Now, on the anniversary of the CARES Act, the Justice Department says that over the past year it has charged 474 defendants with fraud or other criminal schemes tied to the pandemic. Unemployment insurance — weekly federal unemployment benefits worth $600 a week — also came on line because of the CARES Act. The Justice Department has charged more than 140 people so far for fraud related to the program.
No age checks on porn sites due to loophole in duty of care laws
       
Commercial porn sites will escape being forced to check the age of users as they will be exempt from duty of care laws. Culture minister Baroness Diana Barran has told the Lords that commercial pornography sites that do not have user-generated content will not be within the scope of the proposed new laws to protect children from online harms. It is a major step back from the Government’s original plans under the digital economy act that would have required all porn sites to verify the age of users as being over 18 – and face sanctions if they failed to do so. However, children’s charity the NSPCC said Baroness Barran’s statement meant some commercial pornography sites would now no longer be legally required to prevent children accessing age-inappropriate content. This would include sites like PornHub – one of the biggest – which receives user-generated contributions from registered adult customers.
BBC licence fee payers are covering Martin Bashir’s legal costs
       
Licence fee payers are footing Martin Bashir’s legal bill over allegations he lied and cheated to secure his interview with Princess Diana more than 25 years ago. Mr Bashir, 58, has hired Britain’s leading employment law firm to represent him at an inquiry into how he obtained the interview. Lord Hall is accused of failing to carry out a thorough investigation and described Mr Bashir as an “honest man”. It is understood Mr Bashir has retained the services of Lewis Silkin, the pre-eminent employment law firm based in central London. Despite having retired from the BBC, he is still entitled to his legal fees because the inquiry concerns his work while at the broadcaster.
Suez: More than 200 ships now waiting in canal as rescue operation stalls
       
A team from Boskalis, a Dutch firm specializing in salvaging, was working with the canal authority with tugboats and a specialized suction dredger at the port side of the cargo ship's bow. The Suez Canal Authority said it welcomed international assistance. Ever Given, a Panama-flagged cargo ship, that is wedged across the Suez Canal and blocking traffic in the vital waterway is seen Friday, March 26, 2021. Those trying to free the vessel want to avoid complications that could extend the canal closure, according to an Egyptian official at the canal authority. Satellite and photos distributed by the canal authority show Ever Given’s bow touching the eastern wall, while its stern appeared lodged against the western wall.
Dragon's Den star Peter Jones's Jessops becomes latest victim of high street bloodbath
       
Retail bloodbath: How the pandemic changed Britain's High Street The High Street has been hard hit by the coronavirus pandemic as people were told to stay inside for several national lockdowns. High Street stalwarts such as Debenhams, WH Smith and Clarks did not escape the bloodbath. It was a grim announcement for an already hammered high street after hundreds of jobs were also cut at high street fashion chain M&Co. The retail giant was widely seen as a benchmark for High Street performance in the UK. 'However, the retail landscape has continued to evolve rapidly, and this process has been accelerated by the impact of the pandemic on the high street.
COVID patient returned from hospital to find his apartment had been cleaned out
       
AdvertisementA Manhattan apartment building emptied out a tenant's rent-controlled apartment where he has lived for 20 years while he was hospitalized with COVID, leaving behind just his piano and pet tortoise, because 'everyone assumed he had died'. Japanese native Ryo Nagaoka, 60, has lived in the East Village apartment for more than 20 years. He works in midtown, at a noodle restaurant, and lives alone with his pet tortoise, Kame-san, which in English translates to Mr. Tortoise. Scroll down for videoJapanese native Ryo Nagaoka, 60, returned to the East Village apartment where he has lived for 20 years on Wednesday to find it had been emptied out entirely. He has no phone, wallet, ID orThe building - which is owned in part by Shark Tank's Barbara Corcoran and A-Rod - had cleaned everything out.
Facebook announces $8 million for news publishers ahead of expected grilling in Ottawa
       
Try refreshing your browser, or Facebook announces $8 million for news publishers ahead of expected grilling in Ottawa Back to video Heritage Minister Steven Guilbeault is preparing legislation to create a “comprehensive, coherent and equitable digital framework” for publishers and online platforms that is expected to be put forward before the summer break. Advertisement Story continues below This advertisement has not loaded yet, but your article continues below. “Facebook is not going to pay for news links or content that publishers voluntarily put on our platform,” the spokesperson said. He noted that a chunk of the $8 million Facebook has pledged is already earmarked to extend an existing local news initiative, which will leave little to spread across the rest of the Canadian industry. Article content “In Australia, where there is legislation to ensure fair compensation, Facebook will be contributing upwards of $100 million a year,” said Hinds, whose organization represents news publishers across Canada.
Lebanese PM says dangerous nuclear substances found at southern oil plant
       
Lebanon’s interim Prime Minister announced Friday that dangerous nuclear substances had been found at oil installations in Zahrani in the south of the country, according to a Reuters report. PM Hassan Diab said that a report conducted by Combi Lift, a German heavy-lift transport company, had been reviewed by Lebanon’s nuclear energy authority, and it found the materials to be dangerous nuclear substances. “This is something that needs to be discussed now and needs to be dealt with promptly,” Diab said in a statement. It was not clear whether these were the materials Diab was referring to. Lebanon does not have a nuclear energy program.
Why Did Someone Pay $560,000 for a Picture of My Column?
       
After more than 30 bids, the auction ended at 12:32 p.m. Eastern time, with a winning bid of 350 ether, or about $560,000. A few minutes later, after the auction platform had taken its cut, nearly $500,000 in cryptocurrency landed in my digital wallet. The whole ordeal was surreal, and it raised the question: Why would anyone spend the price of a high-end Lamborghini on a picture of my words? The winner, whose handle on the auction site was @3fmusic, appeared to be a prominent NFT collector. They also gave me permission to include an image of their music studio’s logo in this column.
Here’s why D.C. was excluded from a FEMA vaccine program: It’s for big states
       
The agency started with the most populous states, opening sites in California, then Texas and Florida, and will continue to proceed by state size, Fenton said. That means the District — with a population smaller than all but two states — will not get this federal assistance. ADADThe federal agency is also providing logistical support, without any extra vaccine, to a far larger number of vaccination sites across the country. Arlington, a Dallas suburb that received a FEMA site, has a population of under 400,000 residents, compared with more than 700,000 in the District. ADA D.C. health department leader caused concern among some city lawmakers on Wednesday when he said the local government did not want such a FEMA site in the District.
The Look Ahead: March 26, 2021
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNews Update - The Look AheadCNBC brings you fast, accurate, and actionable business news and market updates.
Andy Rothman and Ian Bremmer discuss the state of U.S.-China relations
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAndy Rothman and Ian Bremmer discuss the state of U.S.-China relationsAndy Rothman, Matthews Asia investment strategist, and Ian Bremmer, Eurasia Group, join 'Closing Bell' to discuss the state of the U.S.-China tensions and where do they think it's headed.
Veritas Financial's Greg Branch on rising bond yields
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVeritas Financial's Greg Branch on rising bond yieldsGregory Branch, Veritas Financial Group managing partner, joins 'Closing Bell' to talk about the impact of rising bond yields on the stock market.
Fashion brands face boycotts in China over Uyghur stacne
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFashion brands face boycotts in China over Uyghur stacneAndy Rothman, Matthews Asia investment strategist, joins 'Closing Bell' to discuss the rise of retail investors in China and how the approach to investing has changed.
China-listed stocks tank on fears of multiple disputes with U.S.
       
Chinese companies will also have to name each board member who is a Chinese Communist Party official. "Congress has now decided that Chinese companies listed in the U.S. should not continue to have an effective exemption," Clayton wrote to me. Is someone puking China stocks? Sosnick noted that Credit Suisse, Morgan Stanley, Baillie Gifford, and Nomura are among the largest shareholders of Tencent Music. In November, Chinese regulators stunned investors there by nixing Ant Group's IPO at the last minute.
Video game Michael Pachter analyst weighs in on GameStop's earnings call
       
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVideo game Michael Pachter analyst weighs in on GameStop's earnings callMichael Pachter, Wedbush managing director of equity research, joins 'Power Lunch' to discuss his new $29 price target, GameStop's earnings call earlier this week and what's next for GameStop.
Equities, oil prices surge as Suez Canal shutdown continues
       
FILE PHOTO: People are seen outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermidMore than 30 oil tankers are waiting to traverse the Suez Canal, which has been blocked since Wednesday after a container ship ran aground. It may take weeks to free the beached vessel, though analysts said low seasonal demand for oil may mitigate the impact of the blockade on energy prices. The dollar rose to a nine-month high against the Japanese yen of 109.44 yen, reflecting investor expectations of robust U.S. economic growth as the nation accelerates its vaccine rollout. U.S. crude rose 3.89% to $60.84 per barrel and Brent was at $64.45, up 4.04% on the day.
Equities, oil prices surge as Suez Canal shutdown continues
       
REUTERS/Athit Perawongmetha/File PhotoMore than 30 oil tankers are waiting to traverse the Suez Canal, which has been blocked since Wednesday after a container ship ran aground. It may take weeks to free the beached vessel, though analysts said low seasonal demand for oil may mitigate the impact of the blockade on energy prices. The dollar rose to a nine-month high against the Japanese yen of 109.44 yen, reflecting investor expectations of robust U.S. economic growth as the nation accelerates its vaccine rollout. Overall, the dollar index, which measures the greenback against a basket of six major currencies, fell 0.123%, with the euro up 0.28% to $1.1797. U.S. crude rose 3.89% to $60.84 per barrel and Brent was at $64.45, up 4.04% on the day.
Mexico's president invites big business to debate energy laws
       
FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador gestures during a news conference at the National Palace, in Mexico City, Mexico February 23, 2021. “Big business corporations and retail chains pay lower rates than consumers for household consumption ... and we believe those subsidies paid with the people’s money should disappear,” President Andres Manuel Lopez Obrador told a regular news conference. The president and executives of the Comision Federal de Electricidad (CFE) have criticized energy laws enacted by previous administrations, as well as the companies benefiting from those policies. He invited the bosses of Walmart’s Mexico unit (Walmex), conglomerate Femsa, breadmaker Grupo Bimbo, and Spain’s Iberdrola to debate the existing laws at the presidential palace in Mexico City, without specifying a time. Lopez Obrador noted that Bimbo and Walmex both filed legal challenges against the law.
Dollar roughly flat but close to four-year highs on economic optimism
       
FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File PhotoNEW YORK (Reuters) - The dollar was roughly flat against major currencies on Friday, but still near four-month peaks, on continued optimism about the U.S. economy, and came close to surpassing a 10-month high against the Japanese yen. Against a basket of six major currencies, the greenback stood at 92.7200, on track to close out the week with a gain of about 0.7%. The dollar-yen also rose as high as 109.80, roughly the highest since June. Elsewhere, bitcoin gained more than 4%, helping recover some of its pullback from a record high of almost $62,000 touched earlier this month.
Equities, oil prices gain as Suez Canal shutdown continues
       
REUTERS/Athit Perawongmetha/File PhotoMore than 30 oil tankers are waiting to traverse the Suez Canal, which has been blocked since Wednesday after a container ship ran aground. It may take weeks to free the beached vessel, though analysts said low seasonal demand for oil may mitigate the impact of the blockade. The dollar rose to a nine-month high against the Japanese yen of 109.44 yen, reflecting investor expectations of robust U.S. economic growth as it accelerates its vaccine rollout. It could take some time for them to come to any compromise,” said Yasutada Suzuki, head of emerging market investment at Sumitomo Mitsui Bank. U.S. crude recently rose 3.91% to $60.85 per barrel and Brent was at $64.34, up 3.86% on the day.
China, Iran expected to sign 25-year accord, Iranian state media says
       
DUBAI (Reuters) - Chinese Foreign Minister Wang Yi arrived in Iran on Friday for a visit that Iranian state media said would see the signing of a 25-year cooperation agreement between the two countries, which are both under U.S sanctions. FILE PHOTO: China's Foreign Minister Wang Yi listens to Iran's Foreign Minister Mohammad Javad Zarif during a meeting at the Diaoyutai state guest house in Beijing, China December 31, 2019. In 2016, China, Iran’s largest trading partner and long-time ally, agreed to boost bilateral trade by more than 10 times to $600 billion in the next decade. On Thursday, China’s commerce ministry said Beijing will make efforts to safeguard the Iran nuclear deal and defend thelegitimate interests of Sino-Iranian relations. Since late 2018 there was a sharp drop in Iranian exports to China and other Asian customers.
How two friends made art history buying a $70M digital work
       
This undated family handout photo shows NFT investor Anand Venkateswaran, known by his online pseudonym Twobadour, in Chennai, India. (Family handout via AP)This undated family handout photo shows NFT investor Anand Venkateswaran, known by his online pseudonym Twobadour, in Chennai, India. Not to be outdone, auction house rival Sotheby’s plans its own NFT sale, collaborating with the pseudonymous digital artist Pak in a sale next month. Winkelmann began seeing the possibilities of NFTs for digital artists back in October when he tested the waters with an initial “drop” of his work. “Crazy speculation is not unusual,” he said of the Beeple sale.
Will work from home outlast virus? Ford’s move suggests yes
       
The share of Indeed’s job postings that mention “remote work” or “work from home” reached 7% last month, up from just below 3% a year ago. But in some industries, the gains were far more dramatic, including those that haven’t traditionally welcomed remote work. “Remote work has become much more accepted.”Ford is just the latest company to allow more work from home after the pandemic. Company executives overwhelmingly report that remote work has succeeded during the pandemic, according to research by consulting firm PwC. About 55% said they envision allowing continued remote work, according to the survey of 133 executives of mostly large companies.
WeWork Attempts To Rise From The Ashes With IPO Via SPAC Merger
       
A WeWork IPO initially planned in 2019 collapsed in a spectacular manner. Plans for a WeWork IPO were shelved in September 2019 after intense criticism about its corporate structure, governance and business model. The WeWork IPO will be the result of a merger with BowX Acquisition (BOWX), a SPAC led by Vivek Ranadive, the founder and former chief executive of Tibco Software. Flood Of SPAC IPOs Hits MarketSPAC IPOs have been flooding the market. The scheduling for when the WeWork IPO will launch has not been announced.
OPEC Meeting, Tesla Deliveries, Lululemon Earnings Due: Investing Action Plan
       
Lululemon (LULU) and Micron Technology (MU) also reports earnings, while monthly job data are due as well. Tesla Q1 Deliveries ReportThe maker of electric vehicles will report Q1 deliveries and production when April begins. U.S. Auto SalesGeneral Motors (GM), Ford (F) and other major automakers report Q1 U.S. sales Thursday and Friday. The earnings report follows news that Micron is ceasing development of 3D XPoint chips, which has been a drag on earnings. ADP's private-sector payrolls report and the National Association of Realtors pending home sales report are due Wednesday.
Build Your Portfolio With These Best Mutual Funds That Repeatedly Top The Market
       
Our list breaks down U.S. diversified stock funds by market cap focus as well as the best growth stock mutual funds and blend funds. We also list sector funds, international stock funds, index funds and the best bond funds. That's the case for U.S. Diversified Stock Funds, Growth Funds, Blend Funds (which invest in both growth-oriented and value-oriented stocks), Value Funds, Large-Cap Funds, Midcap Funds, Small-Cap Funds, Sector Funds and Index Funds. Virtus KAR Small-Cap Growth I (PXSGX), whose subadvisor is Kayne Anderson Rudnick Investment Management, scored a trifecta in U.S. Diversified Stock Funds, Growth Stock Funds and Small-Cap Stock Funds. The behemoth Boston-based complex's funds picked up 77 of IBD's 2021 Best Mutual Funds Awards, including multiple wins by some funds.
Should You Buy These Stocks Scoring Breakouts From Key Buy Points?
       
Dow Jones Jumps 250 Points, Fueled By Intel Stock; Cyclicals Storm Higher, Led By These Steel Stocks6:39 AM ET The Dow Jones outperformed the Nasdaq again in afternoon trading Friday as major stock indexes looked poised to end the...6:39 AM ET The Dow Jones outperformed the Nasdaq again in afternoon trading...
Nearly Half Of States Will Make All Adults COVID-19 Vaccine Eligible By April 15
       
Nearly Half Of States Will Make All Adults COVID-19 Vaccine Eligible By April 15Enlarge this image toggle caption Mario Tama/Getty Images Mario Tama/Getty ImagesNearly half of U.S. states will have opened COVID-19 vaccinations to all adults by April 15, officials said Friday, putting them weeks ahead of the May 1 deadline that President Biden announced earlier this month. Jeff Zients, Biden's COVID-19 czar, said that 46 states and Washington, D.C., have announced plans to expand eligibility to all adults by May 1. Fourteen states have already opened eligibility to all adults or are set to do so in the next week, with another 12 set to follow by April 15. Other states are moving to make more groups eligible ahead of schedule, based on age or underlying conditions. Johnson & Johnson has accelerated production of its single-shot vaccine and is on track to deliver 11 million doses next week.
Dow's 240-point jump highlighted by gains for Intel, Cisco shares
       
The Dow Jones Industrial Average is trading up Friday afternoon with shares of Intel and Cisco leading the way for the blue-chip average. Shares of Intel INTC, +4.60% and Cisco CSCO, +4.08% have contributed to the index's intraday rally, as the Dow DJIA, +1.39% is trading 240 points (0.7%) higher. Intel's shares are up $2.29, or 3.7%, while those of Cisco have climbed $1.67, or 3.3%, combining for an approximately 26-point boost for the Dow. Other components contributing significantly to the gain include Nike NKE, +3.38% , IBM IBM, +2.49% , and Visa V, +2.67% . Editor's Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet.
‘Concerning’ Rise in U.S. Home Prices as Median Reaches Record High
       
Low supply and high demand have pushed U.S. home prices to record levels during the Covid-19 pandemic. “It’s concerning how much home prices have risen during the pandemic,” the chief economist of Redfin, Daryl Fairweather, said in the report. About 58% of homes sold in two weeks or fewer during the four weeks ending March 21, compared to 46% for the same month last year, the data showed. And the market shows signs of getting even more frenzied, as the percentage nudged up to 61% for the seven-day period ending March 21. Still, mortgage purchase applications ticked up 3% for the seven-day period ending March 19 compared to the previous week, the data showed.
Go On, Fight the Fed: Why, and How, Investors Should Gird for Inflation Risk
       
Keeping inflation expectations stable at about 2% is crucial to the Fed’s ability to control inflation, as expectations for rising prices can pull spending forward, creating something of a self-fulfilled prophecy. And according to the University of Michigan, inflation expectations among those 55 and older are the highest since May 2015. Equity strategists at Barclays built an inflation proxy to quantify the exposure of sectors and stocks to inflation expectations. Using the proxy, they came up with long and short baskets for investors to consider as market-based inflation expectations rise. It is possible the Fed is right and rising inflation will be temporary.
Stocks close higher and Nasdaq retakes 13,000 as investors aim to push past messy rotation
       
For the week, the Dow notched a 1.4% increase, the S&P 500 added 1.6%, and the Nasdaq fell 0.6%. Stocks have struggled for direction in recent weeks and have been prone to intraday turbulence. As a bull market in bonds comes into question, big investors who adhere to traditional stocks-to-bonds portfolio diversification theories of 60% to 40% are feeling compelled to buy more fixed-income assets as yields rise and bond prices fall. The new round of stimulus pushed through by Biden will likely lead to a big spending jump, economists believe. In other economic reports, the U.S. trade deficit in goods widened 2.5% to $86.7 billion in February, the Commerce Department said Friday.
Dow surges more than 450 points to end Friday as tech, energy help stock market wrap up a choppy week with a bang
       
U.S. stocks finished sharply higher Friday, rallying late in the trading session, and booking weekly gains to wrap up a turbulent week for equity benchmarks. The Dow Jones Industrial Average DJIA, +1.39% closed about 452 poinsts, or 1.4%, higher at roughly 33,072, retaking a psychologically significant level at 33,000. The S&P 500 index SPX, +1.66% finished 1.7% higher at about 3,975, while the Nasdaq Composite Index COMP, +1.24% ended the session up 1.2% at 13,139. Concerns about rising bond yields had caused headwinds for stocks in recent weeks but evidence of an improving economy helped to calm investors' nerves. The 10-year Treasury note also yielded 1.68% on Friday but finishing below its close last week at 1.729%.
Extended Stay Deal Doesn’t Look Suite to All Investors
       
Investors see some room for improvement in a deal for Extended Stay America. Earlier this month, lodging chain Extended Stay (ticker: STAY) said it agreed to be taken private for $6 billion cash by a partnership of Blackstone Group (BX) and private-investment firm Starwood Capital Group. The deal, which values Extended Stay stock at $19.50 apiece, offered a nice premium to recent pandemic trading levels, but is 50 cents a share lower than the company’s initial-public-offering price in November 2013. Extended Stay has long been a “disappointment” to investors and Tarsadia nominated three members to its board ahead of the deal announcement to help turn things around. Editor's ChoiceOn Thursday Extended Stay issued a statement that the deal represented a “a compelling and certain return.” Wall Street is less convinced, with shares trading above the recent offer price.
Zoom Stock Is Taking a Beating. Why It Still Looks Pricey.
       
In the early part of the Covid-19 pandemic, as the work- and learn-from-home trends took hold, reliance on Zoom spread across the economic landscape. At one point in October, Zoom had appreciated more than 850% from its closing level in 2019. But the stock hit a wall that month, as investors began to think through how Zoom (ticker: ZM) usage would be affected once the economy reopened. Deutsche Bank began coverage of the stock on Friday, advising investors to approach with caution even after the sharp drop. “We enter the January 2022 fiscal year with incremental concern around churn risk in the back half of the year,” he wrote.
Feds arrest armed Colorado man after remark about Boulder
       
IOWA CITY, Iowa (AP) — An Iowa gun store refused to sell a semi-automatic rifle to a heavily armed and agitated Colorado man who said he was surprised his friends didn’t suspect he was the Boulder mass shooter, according to federal court documents released Friday. The Nebraska State Patrol initially arrested the self-described firearms enthusiast, Adam Vannoy, 40, on March 14 on Interstate 80 in Lancaster County. Six days later, on Tuesday, Vannoy tried to purchase an AR-style rifle from Sportsman’s Warehouse in Ankeny, Iowa, near Des Moines, the complaint said. In addition to denying the sale, the store notified the Bureau of Alcohol, Tobacco, Firearms and Explosives about his comments. Records show he told a Nebraska trooper during the stop that he was leaving Denver because his neighbors didn't like him, he had a mental breakdown and quit his job.
Here’s how the $10,200 unemployment tax break in Biden's COVID relief plan works
       
Millions of Americans who collected unemployment aid last year got a welcome tax break in President Biden's $1.9 trillion coronavirus relief plan. It's unclear whether states that count unemployment benefits as taxable income will waive the levy this year too and adhere to federal guidelines. WHEN WILL THE EXTRA $300 IN UNEMPLOYMENT BENEFITS BEGIN? The federal government and most states count unemployment benefits, including the extra money distributed through federal aid programs, as taxable income. You do not have to pay Social Security and Medicare taxes on your unemployment benefits.
White House faces new pleas to avert ‘tidal wave’ of water shut-offs as state bans continue to lapse
       
State lawmakers so far have not extended the utility protections, rankling those who remember all too well the water hazards that have plagued cities like Flint. The two Democrats have also raised the matter with White House Chief of Staff Ron Klain and are working to set up a meeting on the matter. “I hope the White House works with us to make sure the water is not turned off in any state in America. We need to make sure nobody loses water,” Dingell said in an interview. … On March 31, my families are going to be cut off from water — so we want them to move quickly.”The White House did not respond to a request for comment.
Some Americans still need to pay taxes by April 15, despite new deadline
       
But the reprieve only benefits some taxpayers — millions will still need to pay their taxes by April 15 in order to avoid penalties or interests. That's because the automatic extension applies to individual returns and payments for 2020 that were initially due on April 15, the IRS said Wednesday. More than 9.5 million returns included estimated tax payments during the 2018 tax year, according to the American Institute of Certified Public Accountants, an industry group. It eventually delayed the deadline for the first of four estimated payments until July 15 as well. By not including estimated tax payments, the IRS essentially nullifies the postponement benefit for millions of Americans because calculating estimated tax payments required individuals to complete other tax work, AIPAC argued.
Red Sox’ total value is put at $4.8 billion, second in majors to Yankees
       
The Yankees are valued at $6.75 billion, including related businesses worth $1.16 billion, which trails the Red Sox’ industry-leading $1.2 billion. Accounting for the current value of Fenway Park, real estate parcels in the Fenway neighborhood, an 80 percent stake in NESN owned by the Red Sox’ parent company Fenway Sports Group, and the $3.6 billion value of the team itself, Sportico “conservatively” calculated the total value of the Red Sox to be $4.8 billion. For the Red Sox, who hosted only 30 fan-less games in the shortened season, revenues plunged 70 percent, from $492 million in 2019 to $147 million. Based on team value alone, the Red Sox at $3.6 billion rank fourth, trailing the Yankees, Dodgers ($3.75 billion), and Cubs ($3.67 billion). Using a different methodology, Forbes last April estimated the Red Sox value at $3.3 billion.
In Back Bay condo project gone bad, Fish sues lawyers, too
       
Already in a court battle with his former partner on a scuttled Back Bay condo tower, John Fish is now suing his former lawyers, too. “Goulston & Storrs actively worked with the Weiners to delay the project as a negotiating tool against Fish,” Fish’s attorneys wrote in their suit, calling it “a strategy that ultimately caused the project to not obtain financing and fail.”He’s seeking $300 million in damages. On Friday, Weiner spokeswoman Dot Joyce said this latest suit was just another effort by Fish to deflect blame. They also note that Goulston collected $12 million in legal fees for its work on 1000 Boylston. Fish disputes that claim, saying the only such letter he signed involved a far earlier iteration of the deal in 2010.
Baker signs climate bill
       
In a signing ceremony at the State House, Baker said the bill spoke to the profound need for the state and nation to address climate change, as it requires Massachusetts to effectively eliminate its carbon emissions by 2050. After vetoing the initial bill and sending a second one back to lawmakers with a host of proposed amendments, Governor Charlie Baker on Friday signed a revised climate bill, establishing one of the nation’s most far-reaching efforts to reduce planet-warming carbon emissions. “We know the impacts on our coast, on our fisheries, on our farms, and on our communities are real and demand action,” Governor Charlie Baker said. Baker had called for reducing emissions by 45 percent, saying it would cost the state $6 billion less than the Legislature’s plan. But the revised bill no longer makes those limits legally binding if the state is able to meet overall emissions targets by decade.
Dior is opening its 1st Arizona store. Here's what else is coming to Scottsdale Fashion Square
       
Dior's flagship store in Scottsdale will span two stories and 11,000 square feet in the mall's luxury wing. Another newcomer is apparel store Goodlife, which opened at Fashion Square on March 26, 2021. Must-try dishes:Nobu Matsuhisa's guide to eating at his Scottsdale restaurantNew stores at Scottsdale Fashion Square in 2020Here are some of the retailers and eateries that opened at the mall in 2020:Versace. What's coming to Scottsdale Fashion Square this year? More men's apparel lines and a storefront for electric vehicles are scheduled to open at Scottsdale Fashion Square in 2021.
Here’s a list of 21 women-owned businesses in DeSoto to recognize Women’s History Month
       
Note: This story will be updated periodically to include more businesses. Women entrepreneurs and business owners have touched nearly every industry in DeSoto. They serve as accountants, real estate agents and optometrists, and they own hair salons, gyms and restaurants. With Woman’s History Month coming to a close, we compiled a list of woman-owned businesses that you can continue to support. Beauty and wellnessBoutiques, gift shops and moreEntertainmentFoodProfessional services
‘It’s a crisis:’ Restaurants fighting to rebound from the pandemic are encountering a surprising new challenge
       
As restaurants crawl back from the darkest days of the pandemic shutdowns, employment in the industry still hasn’t returned to where it was before COVID-19 struck. Employment for leisure and hospitality workers plummeted last spring as much of the state went into lockdowns and businesses were under capacity restrictions. The Florida Restaurant and Lodging Association estimates that a total of 600,000 workers were laid off during the pandemic and about 10,000 restaurants were forced to close in the state.
Columbus Foundation makes $1.4M in grants to help pandemic-stricken families
       
Ken GordonThe Columbus Foundation announced earlier this week that it was distributing $1.375 million to 18 area nonprofit organizations through its Gifts of Kindness fund. Normally, the fund takes applications from individuals and families experiencing emergency needs, and the grants range from $500 to $3,000. But in COVID-19 pandemic circumstances, Columbus Foundation officials felt they needed to do things differently. The grants announced this week range from $100,000 to $200,000. Among the groups receiving grants were central Ohio mainstays such as the Columbus Urban League, Goodwill Columbus, LifeCare Alliance, Lutheran Social Services of Central Ohio and Maryhaven.
Tech company founder gets 8 years in prison for stock fraud
       
Prosecutors said that from the moment the company launched in 2015 until its demise in late 2018, Boice treated the company like his personal piggy bank. Boice admitted he used at least $3.7 million of the money for personal expenses, but prosecutors said that is a conservative estimate of the money he stole. “It's hard to imagine that Trustify was anything other than a startup fraud” from the outset, Carlberg said. “It's something I'll live with for the rest of my life.”Boice was also ordered to make $18 million in restitution. Earlier this month, Mellon and a corporation she formed with Boice agreed to pay $72,000 to settle the complaint without admitting guilt.
Stocks climb, erasing weekly losses for the S&P 500 index
       
Updated 6 times AlertMeNEW YORK — Stocks rose on Wall Street Friday, erasing the market’s losses from earlier in the week and avoiding a second straight weekly drop for the S&P 500. NEW YORK — U.S. stocks are ticking higher in Friday afternoon trading, erasing the market’s losses from earlier in the week and setting Wall Street up to avoid a second straight weekly drop. Higher yields can make investors less willing to pay high prices for stocks, with companies seen as the most expensive taking the most pain. The higher yields helped lift stocks of banks, in part because higher interest rates allow them to make bigger profits from making loans. Marathon Oil gained 3.8%, and energy stocks across the S&P 500 rose 1.6%.
Tech company founder gets 8 years in prison for stock fraud
       
Prosecutors said that from the moment the company launched in 2015 until its demise in late 2018, Boice treated the company like his personal piggy bank. Boice admitted he used at least $3.7 million of the money for personal expenses, but prosecutors said that is a conservative estimate of the money he stole. “It's hard to imagine that Trustify was anything other than a startup fraud” from the outset, Carlberg said. “It's something I'll live with for the rest of my life.”Boice was also ordered to make $18 million in restitution. Earlier this month, Mellon and a corporation she formed with Boice agreed to pay $72,000 to settle the complaint without admitting guilt.
Alberta chop shop dismantled by Mounties
       
A vehicle chop shop operating in rural Alberta has been dismantled, after finding several stolen vehicles on a property north of Bonnyville. According to CTV News, the operation was thwarted by discovering a stolen Ford F350 service truck on the property. The vehicle was reported stolen from Innisfree, Alberta, and was found about a month ago. The property in La Corey, Alberta was home to the operation where up to 12 stolen vehicles were found. Police estimate that $246,000 in stolen property has been recovered from the site.
BoC governor Tiff Macklem objected to daycare in his neighbourhood as not keeping with its 'heritage nature'
       
Article content The governor and his wife sold their home in July 2020, property records show, shortly before an interim approval of the daycare was granted. In his letter, Macklem said 80 children would be at the daycare, about 100 people total, including staff. “This site is simply not appropriate for an operation of this scale,” Macklem wrote. “Governor Macklem is a strong supporter of early childhood education, and of daycare facilities in urban neighbourhoods, including the one in which he lived in Toronto,” said a statement from the Bank of Canada. “For families with young children, the closures of schools and daycares has also had a profound ability on parents to work,” said Macklem.
Catastrophic damage after tornado strikes overnight in Georgia
       
An overnight tornado caused catastrophic damage to a city near Atlanta after severe weather and multiple tornadoes raked both Georgia and Alabama, authorities said Friday. The downtown area of Newnan was struck by what authorities said appeared to be a long-lasting tornado that caused EF-2 levels of damage or greater. Tomorrow, I’ll visit Coweta County to survey the damage from last night’s storms and offer state aid to the local community. A quick update from our multiple survey teams out in the field today: at least EF-2 damage found in the Eagle Point area. At least EF-2 damage found in the Ohatchee area.
Walmart’s Inhumane Policies for Pregnant Workers
       
But this defense, regardless of whether or not it is true, assumes that federal law provides adequate protection for pregnant workers — an assumption that many advocates contest. “The United States is far behind other countries in what we provide for pregnant women and for new parents,” says Linda Meric, Executive Director of 9to5, a national advocacy group for working women. She points out that, because the government has not created strong laws protecting pregnant workers as in most industrialized nations, only 12 percent of US workers have access to paid family leave (including maternity and paternity leave); this statistic drops to about 5 percent for low-wage workers. How Walmart treats women — and not just pregnant women — has incited action from workers before. “[Walmart has] no choice but to change because there’s a lot of Walmart workers that have jumped on board.”
A Year in the Life of Safeway 1048
       
We talk in an airless, subterranean breakroom at Safeway store 1048 in Arlington, Va., a typical, prosperous suburb of Washington, D.C. I have to pay the bills.”Heith Fenner, union rep for the workers of Safeway 1048, looks on March 5, a year into the pandemic. Like their counterparts across the country, the employees of Safeway 1048 have kept on working through a dangerous year. The workers at Safeway 1048, despite being eligible per state guidelines, had not been offered the vaccine by early March. Today, more than 6,000 Safeway workers in D.C. and the surrounding states are part of UFCW Local 400.
How the Pandemic Is Creating New Urban Wastelands
       
Announcing the British government’s “road map” out of our third COVID-19 lockdown, Boris Johnson said, “in a few short months . VNEB, like numerous places in London and other cities, presents a vision of the urban future that the pandemic is fast turning into a mirage. Even an urban booster like professor Richard Florida has suggested that central business districts that “pack and stack office workers in skyscrapers” could be doomed. Hollowed Out Cities Working-class urban communities everywhere are familiar with this dynamic. Going into the pandemic, London already had at least 22,500 of them (and ten times that number of people on social housing waiting lists).
Oakland, Marin County to launch pilot programs for guaranteed income
       
| Ben Margot / APOAKLAND, Calif.—Communities around the San Francisco Bay Area are joining or considering joining the growing movement to test the ways a guaranteed income can help to lift low-income families out of poverty. On the same day, the nearby Marin County Board of Supervisors announced plans to start a comparable program, and other cities including San Francisco and South San Francisco are thinking about joining in. Schaaf is one of the founding members of Mayors for a Guaranteed Income. Oakland’s pilot is not only the largest so far, it is the first to limit eligibility to BIPOC communities. Some 40 mayors of cities including Seattle, Los Angeles, Philadelphia, Baltimore, Atlanta, New Orleans, Houston, and San Antonio now participate in Mayors for a Guaranteed Income.
Target's Car Seat Trade-In Program Is Back For 2021! Here's What You Need to Know
       
Target's semiannual car seat trade-in event is back for spring 2021! Spring cleaning tons of baby gear and have two car seats to trade in? "During the trade-in event Target will accept and recycle all types of car seats, including infant seats, convertible seats, car seat bases, harness or booster car seats and car seats that are expired or damaged," reads Target's information page about the event. "Materials from the old car seats will be recycled by Target's partner, Waste Management." Target has been running its car seat trade-in program since April 2016, and has recycled more than 1,100,000 car seats — or more than 17 million pounds of plastic — and counting.
There are no easy answers on canceling student debt
       
The scale of the problem, and its effect on lives, has made student debt forgiveness a much more salient conversation in mainstream politics. So even if student debt forgiveness isn’t a magic solution to all the economy’s woes, it’s still worth taking seriously. The race gap in student debt has gotten worse over time: From 2000 to 2018, the median student debt for white borrowers went from $12,000 to $23,000; for Black borrowers, it went from $7,000 to $30,000. “We got these decent-paying jobs after we accrued this huge student loan debt for something we’re not even using,” she says. Now she’s a PhD student on scholarship at one of her “dream schools,” with about $15,000 left in student debt.
21 Under 21: Unstoppable Young Women Manifesting a Brighter Future
       
Amid a global pandemic and ongoing racial justice protests, young women around the world continue to be a beacon of hope. These modern trailblazers are athletes, actresses, influencers, activists, and, sometimes, all of the above. This particular list of multifaceted women, for example, includes individuals who are leading the charge to a brighter future and making history along the way. Whether they got their driver's license last week or are on the cusp of turning 21, these changemakers are worth celebrating. Step into their world, and get a glimpse of the brighter future they're building together.
The world’s biggest banks have pumped trillions into fossil fuel projects in the past 5 years
       
As the world careens toward a climate catastrophe, the biggest banks in the world are still financing fossil fuels in the trillions of dollars. Fossil fuel companies have a couple of avenues for generating capital for their projects. JPMorgan Chase was the world’s worst “fossil bank,” contributing $51.3 billion in fossil fuel financing last year alone, and a total of $317 billion from 2016 to 2020. Wells Fargo came in third, with $26 billion in 2020, though the report notes that the bank’s fossil fuel financing actually fell by 42 percent in 2020. Citibank was named the worst bank for “funding the expanders” — that is, for funding the top 100 companies that are expanding their use of fossil fuels.
Even WeWork is going public thanks to SPACs
       
A year and a half after its failed IPO attempt, WeWork is finally going public. In a way, WeWork is the quintessential SPAC candidate: It’s a high-profile company that has had difficulty going public otherwise. This year is on track for a record number of SPAC companies listing on the stock market. The Journal reported that nearly 300 SPACs have gone public so far in 2021, raising $93 billion. SPACs are shell companies that go public with the express purpose of raising money to buy private companies — effectively bringing private companies public much faster than if they were to do a traditional IPO.