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Dan Eye, Fort Pitt Capital Group CFA Head of Asset Allocation and Equity Research joins the Yahoo Finance Live panel to discuss the latest market action.
Dan Eye, Fort Pitt Capital Group CFA Head of Asset Allocation and Equity Research joins the Yahoo Finance Live panel to discuss the latest market action.
The National Rifle Association sought to move its operations to Texas from New York.
Yum! Brands, Inc. to Host a Virtual KFC Investor Day May 25, 2021
A bride and her best friend are at odds over what is appropriate for the maid of honor to wear. The post Bride slams maid of honor over her ‘attention-grabbing’ outfit choice: ‘What a stupid idea’ appeared first on In The Know.
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 48 classes of mortgage pass-through certificates from Flagstar Mortgage Trust 2021-3INV (FSMT 2021-3INV). The transaction is backed by prime agency-eligible investment-purpose mortgage loans. The FSMT 2021-3INV pool comprises 2,020 first-lien, fixed rate residential mortgage loans with an aggregate principal balance of $515.8 million as of the May 1, 2021 cut-off date. The pool is characterized by significant borrower equity in each mortgaged property, as evidenced by the WA original LTV of 63.1% and WA original CLTV of 63.2%. The weighted average original credit score is 770, which is well within the prime mortgage range.
OAKLAND, Calif. (AP) — Major League Baseball instructed the Athletics to explore relocation options as the team tries to secure a new waterfront ballpark it hopes will keep the club in Oakland long-term. MLB released a statement Tuesday expressing its longtime determination that the current Coliseum site is “not a viable option for the future vision of baseball.” “MLB is concerned with the rate of progress on the A’s new ballpark effort with local officials and other stakeholders in Oakland,” MLB said. “The A’s have worked very hard to advance a new ballpark in downtown Oakland for the last four years, investing significant resources while facing multiple roadblocks. We know they remain deeply committed to succeeding in Oakland, and with two other sports franchises recently leaving the community, their commitment to Oakland is now more important than ever.” A’s President Dave Kaval remains hopeful of a deal, but there is a time crunch. “We’re going to immediately start working with the league on exploring other markets and working hand in hand with them to identify which ones make the most sense and pursuing that right away,” A’s President Dave Kaval told The Associated Press in a telephone interview. “We need to keep our options open. People know, we can’t even keep the lights on here at the Coliseum.” In November 2018, the A's announced they had found a waterfront location for their new ballpark that would cost more than $1 billion, with picturesque views toward San Francisco, the Bay Bridge and Port of Oakland. The goal had been to open in 2023, but now, even if approved by Oakland's City Council this summer it would not be ready until 2027. “We’re hopeful that our really exciting plan for a waterfront ballpark that’s privately financed will be taken up by the city council,” Kaval said. “I think it’s something that is kind of a once-a-generational opportunity to re-imagine the waterfront. We're going to continue to pursue that and we’re still hopeful that that could get approved, but we have to be realistic about where we are with the timelines.” Early this year, Kaval asked the City Council to make a decision via a vote before it breaks for the summer on a $12 billion privately funded ballpark project and major community development plan featuring $450 million in community benefits, but the team has been given no indication anything is imminent. “We have an offer in front of the city council that we have not got a response on,” Kaval said. “So I think we're still doing what we can to pursue the waterfront ballpark, which we think is a dynamic and exciting project but we are running out of time here in Oakland at our existing facility and we need to look at other options to see what might be possible.” The team's lease at the Coliseum is up in 2024, but the aging venue where the A's have played since 1968 is already having lighting and flooding issues. A’s owner John Fisher said in a statement Tuesday he will honor MLB’s instructions but remains committed to continuing to pursue the waterfront ballpark proposed for construction in the city’s Howard Terminal location, close to the popular Jack London Square neighborhood. “The future success of the A’s depends on a new ballpark,” Fisher said. “Oakland is a great baseball town, and we will continue to pursue our waterfront ballpark project. We will also follow MLB’s direction to explore other markets.” The A's, who previously proposed and withdrew plans for ballparks in Fremont and San Jose, are hopeful MLB's pressure might help push that process with the city. “We share MLB’s sense of urgency and their continued preference for Oakland. Today’s statement makes clear that the only viable path to keeping the A’s rooted in Oakland is a ballpark on the waterfront," Mayor Libby Schaaf said. "We have made great strides with the Governor’s certification and release of the EIR. Now, with the recent start of financial discussions with the A’s, we call on our entire community – regional and local partners included — to rally together and support a new, financially viable, fiscally responsible, world class waterfront neighborhood that enhances our city and region, and keeps the A’s in Oakland where they belong.” The proposed ballpark site is about 6 miles from the Coliseum and there is no mass transit. The A’s and city have said they plan to build a gondola that would go from the waterfront area of ballpark over Interstate 880 to downtown. Kaval said the gondola is approved and undergoing environmental review. The team’s new downtown offices would have a view of the project, including from Kaval’s large corner window. Baseball Commissioner Rob Manfred has mentioned as possible expansion candidates: Charlotte, North Carolina; Las Vegas; Montreal; Nashville, Tennessee; Portland, Oregon; and Vancouver, British Columbia. The Athletics have moved twice since the franchise was founded in Philadelphia, arriving in Kansas City for the 1955 season and in Oakland for the 1968 season. Just two MLB teams have moved in the past half-century: The expansion Washington Senators became the Texas Rangers for the 1972 season and the Montreal Expos transformed into the Washington Nationals for the 2005 season. The Braves also moved twice, switching from Boston to Milwaukee for the 1953 season and to Atlanta for 1966. There was a flurry of switches in the 1950s and ’60s: the St. Louis Browns became the Baltimore Orioles (1954), the Brooklyn Dodgers moved to Los Angeles for 1958, the New York Giants moved to San Francisco for 1958, the original Washington Senators became the Minnesota Twins (1961) and the Seattle Pilots became the Milwaukee Brewers (1970). Manfred says MLB will not consider expansion until the A's and Tampa Bay Rays get new ballparks. Rays owner Stu Sternberg had been working to build a ballpark in Tampa’s Ybor City area but abandoned that plan in December 2018. MLB's executive council gave the Rays permission in June 2019 to explore splitting their home schedule between the Tampa Bay area and Montreal after their lease at the Trop expires at the end of the 2027 season. ___ More AP MLB: https://apnews.com/tag/MLB and https://twitter.com/AP_Sports Janie Mccauley, The Associated Press
PHOENIX (AP) — Arizona Gov. Doug Ducey on Tuesday signed legislation making it easier to purge infrequent voters from a list of those who automatically get a mail-in ballot each election, ignoring protests from Democrats and prominent business leaders who said the measure would suppress the votes of people of color. The Republican governor acted hours after a tense debate in the state Senate, during which Republicans tried to silence Democrats who said the bill would perpetuate systemic racism. The legislation is part of a wave of proposals to reduce voting access that have passed in Republican-controlled states around the country following former President Donald Trump's defeat last year. Republicans have only a single-vote edge in the Arizona House and Senate, so their legislation has been tougher to pass than in other states like Florida, which just made all voters reapply for a mail ballot every two years rather than dropping ones who aren’t active enough. Repeated reviews have found no problems with the election results in Arizona or elsewhere, but many Trump supporters still believe his loss was the result of fraud. Contractors hired by Senate Republicans are still doing a hand recount of 2.1 million ballots cast in Maricopa County as part of a sprawling review of the vote count in the nation’s fourth-largest county, which includes metro Phoenix. The measure signed Tuesday would remove people who don’t return their mail-in ballot for two consecutive election cycles from the permanent early voting list, which allows voters to automatically receive a ballot before each election. About 75% of Arizona voters are on the list. Affected voters would get a mailer asking if they want to remain on the list, and they would be removed if they don’t respond within 90 says. Democrats say the legislation will disenfranchise voters who expect to get a ballot that never arrives, with an especially strong impact on people of color. “It makes me think you don’t like our voters, or who has the potential to vote,” Democratic state Sen. Juan Mendez of the Phoenix suburb of Tempe said to Republicans. “Because this whole thing looks like nothing more than a ruse to disenfranchise voters who you don’t like.” Republicans say the measure is necessary to limit the number of unvoted ballots in circulation, noting it would only affect voters who have shown disinterest in voting by mail. “We need to leave this chamber ensuring our voters we have election integrity in the state of Arizona,” said Sen. Vince Leach, a Republican from Tucson. Ducey had repeatedly avoided commenting on the bill and other election measures. He certified Arizona’s 2020 election results, drawing derision from Trump, and has generally stood up for the integrity of the vote count in his state. But he’s also said there’s room for improvement. Some of the GOP’s more draconian proposals have not gone far, including measures allowing the Legislature to overturn voters and appoint its own Electoral College delegates. But more narrowly focused measures have advanced, including a ban on private funding for elections. He also signed a bill that stopped implementation of a settlement between Democratic Secretary of State Katie Hobbs and the Navajo Nation, which would have required officials to give people who forget to sign their mail ballots five days after the election to fix the problem. There's some ambiguity about when the bill that Ducey signed Tuesday would first affect elections. It was widely believed to apply to voters who skipped the 2018 and 2020 elections, but legislative lawyers said courts would most likely say voters can't be purged unless they sit out 2022 and 2024. An analysis for voting rights groups found that about 140,000 registered voters meet the criteria to receive a mailer and, if they don't respond, to be purged. The action comes as Democrats and Republicans sparred in the U.S. Senate over a Democratic proposal that would overhaul federal elections and curtail recent actions by Republican state lawmakers to implement new voting rules nationwide. Congressional Democrats are pushing a broad package of reforms that includes changes to election, campaign finance, ethics and redistricting laws. But Republicans are universally opposed, calling the proposals a Democratic power grab and federal overreach. On Tuesday, the Senate Rules Committee held a lengthy hearing in which lawmakers debated various changes to the legislation, with Republicans looking to gut key sections but falling short in the evenly split Senate. Democrats say recent legislation passed in Florida, Georgia, Iowa and Montana underscore the urgency of their effort, but the path forward remains bleak. To break the impasse in the 50-50 Senate, Democrats will have to be willing to end rules that govern when bills can advance, and there is not widespread agreement to do that. Jonathan J. Cooper, The Associated Press
CEDARHURST, N.Y. (AP) _ Postal Realty Trust, Inc. (PSTL) on Tuesday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Cedarhurst, New York, said it had funds from operations of $4.3 million, or 27 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $103,000, or less than 1 cent on a per-share basis. Postal Realty Trust, based in Cedarhurst, New York, posted revenue of $8.9 million in the period. The company's shares have increased 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $20.23, a rise of 23% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSTL at https://www.zacks.com/ap/PSTL The Associated Press
Amazon files federal lawsuit against several yet-to-be-named individuals for operating an illegal text messaging advertising scheme.
A speed limit for ships in part of the Gulf of Mexico south of the Florida Panhandle is needed to protect the few remaining endangered whales there, environmental groups said Tuesday. The groups asked the National Oceanic and Atmospheric Administration's Fisheries Service to set a 10-knot (11.5 mph, 18.5 kph) speed limit in an area covering about 11,500 square miles (30,000 square kilometers) off Florida and Alabama.
For James White, the upcoming 2021 NFL season is all about starting fresh, both on and off the field. It was just this past September that the veteran Patriots running back was blindsided hours before New England’s second game of the season with news of a horrific car accident in Florida that killed his father and critically injured his mother.
Find out the drivers leading the Cup Series this week after Darlington. The next race is Sunday at Dover.
Bill Would Give the U.S. More Tools to Stop IUU Fishing, Prevent Human Rights Abuses, and Expand Transparency WASHINGTON, May 11, 2021 (GLOBE NEWSWIRE) -- Today, Rep. Jared Huffman (D-CA) and Rep. Garret Graves (R-LA) introduced the Illegal Fishing and Forced Labor Prevention Act, a comprehensive bill to end illegal, unreported, and unregulated (IUU) fishing, expand transparency, and stop seafood fraud, while strengthening U.S. leadership on issues that threaten our oceans, consumers, and human rights. A report by the International Trade Commission found that the United States imported $2.4 billion worth of seafood imports derived from IUU fishing in 2019. IUU fishing is off the books and can include fishing in closed areas or with prohibited gear, or for unmanaged species in unmanaged regions. IUU fishing can also be a driver of forced labor and other human rights abuses. The new legislation would ensure that all seafood sold in the U.S. is safe, legally caught, responsibly sourced, and honestly labeled. If passed, this bill would provide consumers with more information about the seafood they eat, require fish to be tracked from boat to plate, increase vessel transparency, prevent illegally caught and sourced seafood from entering the United States, and protect workers and those that rely on a healthy ocean. Additionally, the bill would allow the United States to take stronger action against countries who fail to address IUU fishing and human rights abuses in the seafood sector. Oceana’s deputy vice president of U.S. campaigns, Beth Lowell, released this statement following today’s announcement: “Seafood should not come at the cost of human rights or healthy oceans. The United States has the opportunity to lead in the fight against illegal, unreported, and unregulated fishing and human rights abuses by ensuring that our market is closed to illegally sourced seafood. By expanding import requirements and vessel transparency, requiring full chain traceability, and giving the U.S. more tools to fight IUU fishing, the Illegal Fishing and Forced Labor Prevention Act offers a promising pathway to combat illegal fishing, which threatens the future of our oceans and those who depend on them. The Illegal Fishing and Forced Labor Prevention Act will ensure that U.S. dollars are not supporting illegal fishing and injustices happening at sea, while also protecting U.S. consumers from seafood fraud. Oceana applauds Rep. Huffman and Rep. Graves for their leadership to help level the playing field for U.S. fishermen, protect workers at sea, and provide more transparency in the seafood sector. It’s time for the United States to get tougher on illegal fishing and ensure that all seafood is safe, legally caught, responsibly sourced, and honestly labeled.” In January 2021, Oceana released the results of a nationwide poll finding that Americans overwhelmingly support policies to end illegal fishing and seafood fraud. Included among the key findings, 89% of voters agree that imported seafood should be held to the same standards as U.S. caught seafood. Additionally, 81% of voters say they support policies that prevent seafood from being sold in the U.S. that was caught using human trafficking and slave labor. Eighty-three percent of voters agree that all seafood should be traceable from the fishing boat to the dinner plate, and 77% support requirements for all fishing vessels to be publicly trackable. The findings show widespread bipartisan support for policies aimed at increasing transparency and seafood traceability. Oceana is working to help stop illegal fishing, increase transparency at sea, and require traceability of all seafood. To learn more about the campaign, visit https://bit.ly/2XW3bha. Oceana is the largest international advocacy organization dedicated solely to ocean conservation. Oceana is rebuilding abundant and biodiverse oceans by winning science-based policies in countries that control one-third of the world’s wild fish catch. With more than 225 victories that stop overfishing, habitat destruction, pollution, and the killing of threatened species like turtles and sharks, Oceana’s campaigns are delivering results. A restored ocean means that 1 billion people can enjoy a healthy seafood meal, every day, forever. Together, we can save the oceans and help feed the world. Visit www.USA.Oceana.org to learn more. Attachment IUU-21-0002 Transparency Report Social Graphics_Restore_Twitter-FB_Jellis Vaes-Shutterstock CONTACT: Megan Jordan Oceana email@example.com
Canada’s largest province said Tuesday it will stop giving out first doses of the Oxford-AstraZeneca coronavirus vaccine due to concerns over its link to rare blood clots. Ontario's chief medical officer for health, Dr. David Williams, said the decision was made out of an abundance of caution because of increased instances of the rare blood clotting disorder linked to the shot. AstraZeneca is restricted in some European countries because of a potential link to extremely rare blood clots.
TORONTO — Veteran Canadian bantamweight Alexis Davis will step into the Octagon for the 13th time when she takes on Sweden's Pannie (Banzai) Kianzad next month at UFC 263. The main event of the June 12 card at the Gila River Arena in Glendale, Ariz., sees Israel (The Last Stylebender) Adesanya defend his middleweight title against Marvin (The Italian Dream) Vettori, ranked third among 185-pound contenders. The 36-year-old Davis, a native of Port Colborne, Ont. who now makes her home in California, is coming off a dominant Feb. 27 win by decision over Sabina (Colombian Queen) Mazo. It marked Davis's first fight in 19 months, a delay prompted by shoulder surgery in early 2020. The win snapped a three-fight losing streak. Davis (20-10-0) had her first pro fight in 2007, competing in Strikeforce and Invicta FC before moving to the UFC in 2013. Davis fought for the bantamweight at UFC 175 in July 5, 2014, losing by KO to (Rowdy) Ronda Rousey in 16 seconds. The five-foot-six Davis is 7-5-0 in the UFC. She has fought primarily as a bantamweight (135 pounds) although she has fought four times in the UFC as a flyweight (125 pounds). Kianzad (14-5-0), a 29-year-old born in Iran who is ranked 11th among UFC bantamweights, is on a three-fight win streak after losing her first two UFC outings to Julia (Raging Panda) Avila and Macy Chiasson. The loss to Chiasson came in the final of Season 28 of "The Ultimate Fighter" reality TV show. --- Follow @NeilMDavidson on Twitter This report by The Canadian Press was first published May 11, 2021. Neil Davidson, The Canadian Press
“I knew nobody was going to believe that had happened.”
CHAMBLEE, Ga. (AP) — More than 1,000 gas stations in the Southeast reported running out of fuel, primarily because of what analysts say is unwarranted panic-buying among drivers, as the shutdown of a major pipeline by a gang of hackers entered its fifth day Tuesday. Government officials acted swiftly to waive safety and environmental rules to speed the delivery of fuel by truck, ship or rail to motorists and airports, even as they sought to assure the public that there was no cause for alarm. The Colonial Pipeline, the biggest fuel pipeline in the U.S., delivering about 45% of what is consumed on the East Coast, was hit on Friday with a cyberattack by hackers who lock up computer systems and demand a ransom to release them. The attack raised concerns, once again, about the vulnerability of the nation’s critical infrastructure. A large part of the pipeline resumed operations manually late Monday, and Colonial anticipates restarting most of its operations by the end of the week, U.S. Energy Secretary Jennifer Granholm said. Motorists may still feel a crunch because it takes a few days to ramp up operations, but she said there is no reason to hoard gasoline. “We know that we have gasoline; we just have to get it to the right places,” she said. S&P’s Oil Price Information Service put the number of gas stations encountering shortages at more than 1,000. “A lot of that is because they’re selling three or four times as much gasoline that they normally sell in a given day, because people do panic,” said Tom Kloza, an analyst with S&P. “It becomes a self-fulfilling prophecy.” The pipeline runs from the Texas Gulf Coast to the New York metropolitan area. The states most dependent on the pipeline include Alabama, Georgia, Tennessee and the Carolinas, Kloza said. In Virginia, 7.7% of the state’s nearly 3,900 gas stations reported running out of fuel Tuesday, according to Gasbuddy.com, which tracks supply. In North Carolina, 8.5% of almost 5,400 stations were out, the company said. There were scattered reports of higher gasoline prices, but prices were rising even before the pipeline incident heading into the busy summer driving season. Nevertheless, Granholm warned gas station owners, “We will have no tolerance for price gouging." To ease brief shortages, the White House is considering temporarily waiving a law that says ships delivering products between U.S. ports must be built and manned by Americans. The Transportation Department also is relaxing some workforce requirements and enlisting railroads to deliver fuel inland. And the Environmental Protection Agency lifted some fuel quality requirements on an emergency basis. “We’re looking at every option we have across the federal government and all of the federal agencies,” Granholm said. In Georgia, Gov. Brian Kemp suspended state taxes on motor fuels through Saturday. Georgia collects a gasoline tax of 28.7 cents per gallon and a diesel tax of 32.2 cents per gallon. “It will probably help level the price at the pump off for a little while,” Kemp said. However, he urged people not to hoard gasoline, saying he expects the situation to be resolved soon. “You don’t need to go out and fill up every 5-gallon can you’ve got,” the governor said. Scattered gas stations in metro Atlanta were out of fuel Monday and Tuesday. In Georgia, nearly 6% of about 6,400 stations had run out of fuel, Gasbuddy.com said. In Florida, drivers in some areas faced long lines, and 3% of gas stations had run out. Dave Gussak drove from one station to the next in Tallahassee, Florida, in search of gas, seeing a line nearly a mile long at the pumps outside a Costco. He eventually passed a station with gas on the way to Florida State University where he works. “This is insane,” he said. Irena Yanava’s tank was about half full, but she wasn’t about to take chances as she sat in her car at the same Tallahassee gas station. "I know that I’ll be needing it soon, so why not?” she said. Citgo's Fairfax, Virginia, terminal ran out of premium reformulated gasoline, and its Richmond, Virginia, terminal was out of unleaded regular, according to the American Automobile Association, citing a shipper bulletin, The Colonial Pipeline carries jet fuel as well. American Airlines rerouted two long-haul flights from Charlotte, North Carolina, because of possible shortages. Passengers flying to Honolulu will have to change planes in Dallas, and those heading to London will stop in Boston to refuel. ___ Bussewitz reported from New York and Caina Calvan reported from Tallahassee. Associated writers Aamer Madhani, Eric Tucker and Matthew Daly in Washington, Alan Suderman in Richmond, Virginia, Frank Bajak in Boston and Michelle Chapman in New Jersey contributed to this report. Cathy Bussewitz, Jeff Amy And Bobby Caina Calvan, The Associated Press
MORRISVILLE, N.C. (AP) _ Novan Inc. (NOVN) on Tuesday reported a loss of $9 million in its first quarter. On a per-share basis, the Morrisville, North Carolina-based company said it had a loss of 6 cents. The drug development company posted revenue of $819,000 in the period. In the final minutes of trading on Tuesday, the company's shares hit $1.16. A year ago, they were trading at 39 cents. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOVN at https://www.zacks.com/ap/NOVN The Associated Press
SANTA BARBARA, Calif. (AP) _ Sientra Inc. (SIEN) on Tuesday reported a loss of $54.7 million in its first quarter. The Santa Barbara, California-based company said it had a loss of $1.01 per share. Losses, adjusted for non-recurring costs, came to 10 cents per share. The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share. The breast implant maker posted revenue of $23.2 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $18.2 million. Sientra shares have increased 73% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.74, more than doubling in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIEN at https://www.zacks.com/ap/SIEN The Associated Press
The man who led the Pentagon during former President Donald Trump's supporters' deadly attack on the U.S. Capitol is expected to defend his decisions at a congressional hearing on Wednesday, saying that sending in troops would have created the appearance of a "military coup." Former acting Defense Secretary Christopher Miller plans to say that the military was deliberately restrained on the day of Trump's Jan. 6 rally, that turned into an assault by hundreds of his followers that left five dead including a police officer, according to a copy of his prepared remarks seen by Reuters. Miller will testify on Wednesday at a hearing held by the House of Representatives Oversight Committee on unanswered questions from the attack.
U.S. stocks hit a one-month low on Tuesday as speculation that rising inflation pressure could prompt interest rate hikes sooner rather than later dragged on shares and hobbled the dollar, which hovered near a 2-1/2-month low. Technology stocks were among the biggest losers, mirroring a sell-off in China, where talk of tighter regulation sent technology shares skidding. But U.S. shares clawed back some of their losses over the course of the day, with the tech-focused Nasdaq Composite reversing the bulk of its early 2% decline.