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S&P 500 returns to a record high after best day in weeks
03/26/2021 04:39pm • NEW YORK (AP) — U.S. stocks burst to their best day in three weeks on Friday, helping Wall Street return to record heights and avoid what could have been a second straight weekly loss. The S&P 500 added 65.02 points, or 1.7%, to 3,974.54, with a quarter of that rise coming in the last five min
EXPLAINER: What's a SPAC, the latest craze on Wall Street?
03/26/2021 12:57pm • CHARLOTTE, N.C. (AP) — WeWork will finally go public this year, allowing investors to buy and sell its shares. But not through a traditional IPO. In the two years since the office-sharing company’s failed IPO, a new way to launch a stock on Wall Street has become fashionable: SPACs. Special purp
Asian stocks advance on optimism over pandemic recovery
03/26/2021 12:51am • BANGKOK (AP) — Shares were higher across Asia on Friday after a strong gains on Wall Street driven by hopes for a powerful recovery from the pandemic. Tokyo, Hong Kong, Seoul and Shanghai all gained and U.S. futures also were higher. Hopes that economies will regain ground lost since last year's
Where Can I Cash a Check?
03/26/2021 12:00am • It's a digital money world, and yet it can happen to any of us. It may not be quite as shocking a sight as a UFO or seeing Bigfoot, but it's close: You're staring at a paper check. And now you have to figure out how to deposit or cash this paper check, this strange artifact from another era. OK, ma
Mexico tops 200,000 COVID-19 deaths, but real toll is higher
03/25/2021 11:07pm • MEXICO CITY (AP) — As Mexico surpassed 200,000 test-confirmed deaths from COVID-19 Thursday, President Andrés Manuel López Obrador framed ramped-up vaccination efforts as a race against time. The president prepared to call out more military, state and local personnel to spur the vaccination effo
Fed says restrictions on bank dividends and buybacks to end
03/25/2021 07:14pm • WASHINGTON (AP) — The Federal Reserve said Thursday that as of June 30 it will end for most banks the temporary limits it had imposed on their ability to make dividend payments and buy back their own stock. The Fed imposed the restrictions last summer, citing the need for banks to conserve capital
$500M fund to help Detroit neighborhoods, pay tax debt
03/25/2021 04:42pm • DETROIT (AP) — A billionaire businessman whose companies have invigorated Detroit's downtown announced a $500 million fund to improve neighborhoods on Thursday, starting with $15 million that will pay off the property tax debt of 20,000 of the city’s poorest homeowners. The money will come from
Nike, Rite Aid fall; Darden Restaurants, Lumentum rise
03/25/2021 04:20pm • NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: RH, up $43.97 to $529.08. The furniture and housewares chain reported encouraging fourth-quarter profits and revenue. KB Home, up $1.01 to $44.40. The homebuilder's first-quarter profit beat Wall Street forecasts
Senate votes to extend small biz loan program for 2 months
03/25/2021 03:36pm • WASHINGTON (AP) — The Senate passed a bill 92-7 on Thursday to extend the deadline for business owners to apply for forgivable
loans
through the Paycheck Protection Program, giving applicants two more months to apply for federal aid. The bill had already passed the House, so it now goes to Preside
FTC sending $50M in settlement payments to University of Phoenix students lured by 'deceptive' ads
03/25/2021 02:57pm • The Federal Trade Commission (FTC) is sending almost $50 million in settlement payments to University of Phoenix students for advertisements that may have led them to believe the university had relationships with major national companies that would help them land jobs after graduating. According
Tweaked flood plan saves 9 buildings in Ellicott City's west end
03/25/2021 02:46pm • Nine buildings in the west end of Ellicott City, Maryland, will not need to be demolished due to a change in Howard County's plans to keep floodwaters off Main Street. On Thursday, County Executive Calvin Ball announced the North Tunnel, which was initially envisioned to run from Parking Lot F do
US 30-year mortgage rates jump to 3.17%, highest since June
03/25/2021 12:07pm • McCLEAN, Va. (AP) — U.S. long-term mortgage rates jumped to their highest level since June, though still remain near historic lows. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year fixed-rate home loan rose to 3.17% from 3.09% the previous week. One year ago, the b
Asian markets push higher despite tech sell-off on Wall St
03/25/2021 12:35am • BANGKOK (AP) — Shares advanced in Asia on Thursday after a broad decline on Wall Street led by selling of tech heavyweights like Facebook and Apple. Japan’s Nikkei 225 index jumped 0.9%, while other regional benchmarks logged modest gains. “Asian markets are likely to move sideways on Thursd
Mexico beats US 1-0 in men's Olympic soccer qualifying
03/25/2021 12:16am • Sebastian Soto's sloppy giveaway cost the United States in a 1-0 loss to Mexico. Now comes the winner-take-all semifinal Sunday night against Honduras or Canada for a trip to the men’s Olympic soccer tournament. “Ultimately difficult to lose the game on an individual error,” U.S. coach J
5 Undervalued Dividend Stocks to Buy
03/25/2021 12:00am • It seems like 2021 has been the best of times and the worst of times on Wall Street. While stimulus checks are dropping into checking accounts and vaccines are slowly but surely distributed across the U.S., there remain lingering fears of economic struggles as well as the potential risk of inflation
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