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Holiday retail sales are expected to increase between 3% and 4% in 2023, according to trade group the National Retail Federation. In 2022, sales jumped 5.3%, according to the NRF. Owner Kimberley Yurkiewicz said the store had strong sales in 2021 and 2022 and sales are up again so far this year. Instead of one customer spending $200, 10 customers are spending $20 each. Then she’ll restock with gift items that can sell not only during the holidays but in January and beyond.

Persons: ”, Max Rhodes, Rhodes, Barbie, Taylor Swift, Rick Haase, Owner Kimberley Yurkiewicz, “, ” Andy Wilkerson, Heather Haynie, ” Haynie, she’s, Sierra Wallis, ” Wallis, Wallis, won’t Organizations: Holiday, National Retail Federation, Owner, Blackhawk Locations: St, Paul, Minneapolis, Minnesota, Brooklyn , New York, Charlotte , North Carolina, Charlottesville, Va, Decatur , Ga

☆ A new wave of antisemitism threatens to rock an already unstable world
▼ + stars: | 2023-10-31 | by ( Jennifer Smith | Stephen Collinson | ) edition.cnn.com time to read: +13 min

Outbursts of antisemitism have often been harbingers of societies in deep trouble and omens that extremism and violence are imminent. Biden on Monday unveiled new measures to tackle antisemitism on college campuses and senior officials underscored the need to combat anti-Jewish hate. A widening problem in the United StatesIn recent years, antisemitism has often been driven in the United States by far-right groups. But reaction to the deepening crisis in Israel and Gaza has shown that antisemitism is also boiling on the far-left. Senate Majority Leader Chuck Schumer on Monday tried to pinpoint the moment at which opposition to Israeli policies crosses into antisemitism.

Persons: –, Israel, Kathy Hochul, Cornell, Molly Goldstein, ”, “, United States —, Joe Biden, Biden, ” John Kirby, Christopher Wray, ” Wray, Donald Trump, Israel’s, Chuck Schumer, Monday, “ I’m, ” Jonathan Greenblatt, Kasie Hunt, CNN Max, ’ Organizations: CNN, Cornell University, Ivy League, Cornell, Police, New York Gov, Democrat, Cornell Center for Jewish, Beverly Hills, National Security, Jewish American, Israel Defense Forces, Defamation, ADL, Department of Justice, West Bank, New York Democrat, Defamation League Locations: Gaza, United States, New York, Israel, Beverly, Europe, America, Russia’s, Dagestan, Ukraine, al Qaeda, United States of America, Charlottesville , Virginia, Palestinian, Chicago, “ State, Russia

CHARLOTTESVILLE, Va. (AP) — A statue of Confederate Gen. Robert E. Lee that was a focal point of a deadly white nationalist protest in 2017 has been melted down and will be repurposed into new works of art. The Jefferson School African American Heritage Center, a Charlottesville-based Black history museum, said Thursday that the statue had been destroyed. Protests over the plan to remove the statue morphed into the violent “Unite the Right” rally in 2017. At a news conference Thursday, heritage center officials said they now plan to solicit proposals on how to repurpose the statue. “Our efforts have been not to remove history but bear witness to the truths about our racist pasts and our aspirations for a more equitable future,” said Andrea Douglas, director of the heritage center.

Persons: Confederate, Robert E, Lee, James Alex Fields Jr, Hitler, Heather Heyer, ”, Andrea Douglas Organizations: Jefferson School African American Heritage Center, Charlottesville City Locations: CHARLOTTESVILLE, Va, Charlottesville

☆ Charlottesville’s Robert E. Lee Statue Surrenders to the Furnace - The New York Times
▼ + stars: | 2023-10-27 | by ( Erin Thompson | ) www.nytimes.com time to read: +3 min

Confederate monuments bear what the anthropological theorist Michael Taussig would call a public secret: something that is privately known but collectively denied. Even Lee’s burial site at Washington and Lee University in Lexington, Va. — where he served as president after the war — has changed. The university decided to focus on Lee the civilian rather than Lee the general, for example by moving a prominent portrait of him in uniform. That’s why the idea to melt Lee down, as violent as it might initially seem, struck me as so apt. Confederate monuments went up with rich, emotional ceremonies that created historical memory and solidified group identity.

Persons: Michael Taussig, Jim Crow, Dr, Taussig, don’t, Robert E, Lee, Lee’s, I’ve, you’re Organizations: Arlington House, Arlington National Cemetery, Lee University Locations: Arlington, Washington, Lexington , Va, —

☆ I converted a sheep barn into an Airbnb with $2,000. Now, I manage over 100 listings. Here's how I grew my business and weathered the Airbnb apocalypse.
▼ + stars: | 2023-10-19 | by ( Claire Turrell | ) www.businessinsider.com time to read: +9 min

Jamie Inlow saw the Airbnb potential of her neighbor's sheep barn, and the two went into business. A property Inlow manages in Charlottesville, Virginia. In late 2020, the business took a real shift when a local real estate agent sent me a DM on Instagram. My partner and I run this Airbnb business full timeI didn't leave my consultancy job until July 2022 as my husband and I were also building our family home. The stylish interior of a Be Still Getaways property.

Persons: Jamie Inlow, Inlow, —, Airbnb, influencers, messaged, who'd, I'm, Inlow's, We're, we've Organizations: Service, Be, Appalachian State University, Facebook, House Locations: Scottsville , Virginia, Scottsville, Charlottesville , Virginia, Staunton , Virginia, Instagram

Following the comments from top Fed officials on Monday, Atlanta Fed President Raphael Bostic said the U.S. central bank does not need to raise interest rates any further, and that he sees no recession ahead. "Everybody has one eye on the Middle East conflict and one eye on what's happening with bond yields. The decline in bond yields is the key driver today," said John Praveen, managing director & co-chief investment officer at Paleo Leon. "If tensions escalate bond yields might decline further because they're a safe haven but equities would sell off in that instance because of increased uncertainty and risk aversion," he said. But the flight to safety has made Treasury yields fall enough to push up equities," Tuz said.

Persons: Brendan McDermid, dovish, Raphael Bostic, John Praveen, Praveen, Peter Tuz, Tuz, Neel Kashkari, Christopher Waller, Sinéad Carew, Shashwat Chauhan, Ankika Biswas, Terence Gabriel, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, U.S . Federal Reserve, Atlanta Fed, Treasury, Chase Investment, Nasdaq, Dow Jones, Minneapolis Federal Reserve Bank, Traders, PepsiCo, Truist, Rivian, UBS, EV, Thomson Locations: New York City, U.S, Gaza, Paleo Leon, Charlottesville , Virginia, Israel, Minneapolis

Videos from social media showed riverfront communities in North Carolina such as New Bern, Belhaven and Washington experiencing significant flooding. Tens of thousands of North Carolina homes and businesses remained without electricity across several eastern counties as of Saturday afternoon, according to poweroutage.us, which tracks utility reports. A Duke Energy map showed scattered power outages across much of eastern North Carolina, as winds toppled tree limbs and snagged power lines. Brian Haines, a spokesperson for the North Carolina Division of Emergency Management, said there were reports of downed trees but no major road closings. The governors of North Carolina, Virginia and Maryland each declared a state of emergency on Friday.

Persons: Ophelia, Philippe Papin, Papin, Jeff Brooks, WTVD, Brian Haines, Carl Cannon Jr, Cannon Jr, ”, Michael Brennan, “, ” Brennan, Lee, Aaron Montgomery, ___ Mattise, Jackie Quinn, Ron Todt, Sudhin, Christopher Weber Organizations: U.S, National Hurricane Center, Coast Guard, Duke Energy, North Carolina Division, Emergency Management, Beaufort Pirate, AP Radio Locations: ANNAPOLIS, Md, North Carolina, Virginia, Richmond , Virginia, Charlottesville , Virginia, Delmarva, New Jersey, Jersey, Sea Isle City, New York, New England, East Coast, Emerald Isle , North Carolina, New Bern, Belhaven, Washington, Lookout Bight, Cape Lookout , North Carolina, North, Banks, Beaufort, “, Maryland, Boston , New York City, Williamsburg , Virginia, Virginia Beach, Nashville , Tennessee, Philadelphia, Atlanta, Los Angeles

☆ Biden repeats story about Charlottesville white supremacist rally 'nearly word for word' minutes after telling it the first time
▼ + stars: | 2023-09-21 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

The gaffe comes as both Biden, Trump, and members of Congress face criticism for their advanced age. Minutes later, according to a White House media pool report, Biden shared the story again "nearly word for word." As the White House pool report notes, he said that "though he looked 30, he knew why people talked about it - and said he believed that the nation could still be united." AdvertisementAdvertisementWhile Republicans have repeatedly attacked Biden for his age, Trump, who's mercilessly attacked Biden throughout his presidency online and in interviews, isn't going after the 46th president over his age. AdvertisementAdvertisementThe White House did not immediately respond to Insider's request for comment.

Persons: Biden, Trump, Joe Biden, he's, Donald Trump's, who's, isn't Organizations: Biden, Service, White House, White, Republicans, Republican, Democratic, Pew Research Locations: Wall, Silicon, Charlottesville , Virginia, Charlottesville

☆ Klaviyo, Arm, Instacart wobble, raising doubts over IPO revival
▼ + stars: | 2023-09-20 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

Among other companies that have been gearing up for U.S. stock market listings are German premium footwear maker Birkenstock Holding and Vietnam internet company VNG Corp (VNZ.HNO). Chip designer Arm's stock on Wednesday hit a low of $51.52, coming close to its $51 IPO price in this year's biggest IPO last Thursday. Shares of grocery delivery app Instacart, which debuted Tuesday, fell to a low of $29.96, below their $30 IPO price. Klaviyo also surrendered most of its initial gains, hitting a low for the day of $30.26, just above its $30 IPO price. Arm and Instacart were "pumped up to do the IPO," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.

Persons: Dado Ruvic, Robert Pavlik, Klaviyo, Jerome Powell, haven't, ”, Jake Dollarhide, Ortex, Peter Tuz, Mark Luschini, Janney Montgomery Scott, Caroline Valetkevitch, Savyata Mishra, Niket, Lewis Krauskopf, Noel Randewich, Marguerita Choy, Stephen Coates Organizations: REUTERS, Arm Holdings, Investment, Dakota Wealth, Birkenstock, VNG Corp, Federal, Nasdaq, Longbow, Management, Chase Investment, People, Thomson Locations: Fairfield , Connecticut, Vietnam, Tulsa , Oklahoma, Charlottesville , Virginia, Bengaluru, New York, San Francisco

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNEW YORK, Sept 20 (Reuters) - Shares of Arm Holdings fell for a fourth straight session on Wednesday after the chip designer's stellar market debut last week, with short seller interest picking up. That was up from 5.12 million shares on loan, or 2.7% of the stock's free float, on Tuesday. Short sellers need to borrow a stock to short it, and the relationship between shares on loan and shorted is normally quite close, Ortex said. Arm and Instacart were "pumped up to do the IPO," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. Arm also has a limited number of publicly traded shares, with SoftBank (9984.T) holding a roughly 90% stake.

Persons: Dado Ruvic, Ortex, Peter Tuz, Caroline Valetkevitch, Lewis Krauskopf, Saqib Iqbal Ahmed, Lance Tupper, Richard Chang Organizations: REUTERS, Arm Holdings, Chase Investment, People, Thomson Locations: Charlottesville , Virginia

☆ Wall Street moves sideways as investors look to Fed
▼ + stars: | 2023-09-18 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. Financial markets have currently baked in a 99% certainty that the Fed will hold the key rate at 5.25%-5.00% on Wednesday. British chipmaker Arm Holdings slid 4.5% after Bernstein initiated coverage with an "underperform" rating just days after its stellar debut. Declining issues outnumbered advancing ones on the NYSE by a 1.22-to-1 ratio; on Nasdaq, a 1.74-to-1 ratio favored decliners. The S&P 500 posted 6 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 37 new highs and 247 new lows.

Persons: Brendan McDermid, Bernstein, Jerome, Powell, Peter Tuz, Janet Yellen, Sam Stovall, Stovall, Piper, Stephen Culp, Ankika Biswas, Shristi, Aurora Ellis Organizations: New York Stock Exchange, REUTERS, Holdings, Dow, Nasdaq, U.S, U.S . Federal, Chase Investment, Markets, CFRA Research, Dow Jones, Energy, Tesla Inc, Corp, Arm Holdings, Paypal Holdings, NYSE, Thomson Locations: New York City, U.S, U.S ., Charlottesville , Virginia, New York, Bengaluru

U.S. President Joe Biden delivers remarks on his economic agenda at Prince George's Community College in Largo, Maryland, U.S. September 14, 2023. REUTERS/Jonathan Ernst Acquire Licensing RightsWASHINGTON, Sept 14 (Reuters) - U.S. President Joe Biden told top American rabbis on Thursday that he felt antisemitism has "risen to record levels" and was a big challenge for the entire country, while also taking a dig at Republican former President Donald Trump over the issue. "Antisemitism has risen to record levels," Biden said in a call with U.S. rabbis to commemorate the Jewish High Holidays. The rally followed months of protests over the city's plan to remove a statue of Confederate General Robert E. Lee. More than 3,600 antisemitic incidents were recorded in the United States in 2022, more than in any year since ADL began tracking the issue in 1979.

Persons: Joe Biden, Jonathan Ernst, Donald Trump, Biden, Confederate, Robert E, Lee ., Trump, Trump's, Kanishka Singh, Christopher Cushing Organizations: Prince George's Community College, REUTERS, Rights, Republican, Democratic, University of Virginia, Defamation League, Tel Aviv University, ADL, Thomson Locations: Largo , Maryland, U.S, Charlottesville , Virginia, Lee, Charlottesville, United States

☆ Near-death experiences tied to brain activity after death, study says
▼ + stars: | 2023-09-14 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

Many people see a bright light during their near-death experiences, experts say. “This latest report of persistent brain waves after cardiac arrest has been blown out of proportion by the media. “That is, those patients who had near-death experiences did not show the reported brain waves, and those who did show the reported brain waves did not report near-death experiences,” Greyson told CNN via email. Greyson, who was not involved in the new study, is the coeditor of “The Handbook of Near-Death Experiences: Thirty Years of Investigation.” He and cardiologist Dr. Pim van Lommel, a Dutch researcher and writer on near-death experiences, submitted comments to the journal to publish alongside the new study. It’s correct that the study was not able to match electrical activity with a near death experience in the same patient, Parnia said.

Persons: Aubrey Osteen’s, “, y’all, ” Osteen, —, ”, Osteen, ” Aubrey Osteen, Anne Elizabeth Barnes, Sam Parnia, It’s, ” Parnia, ‘, Jesus ’, Parnia, Bruce Greyson, Carlson, ” Greyson, Greyson, Dr, Pim van Lommel Organizations: CNN — Surgeons, NYU Langone Health, NYU Grossman School of Medicine, Psychiatry, Neurobehavioral Sciences, University of Virginia School of Medicine, CNN Locations: New York City, “, United States, United Kingdom, Bulgaria, Charlottesville, Dutch, flatline, ”

“This one hurts and it’s going to hurt for a while,” Virginia coach Tony Elliott said. That left a sizeable James Madison following that assisted on the two 80-yard drives that won it. Colandrea brought them back two plays later with a mid-range pass to Malik Washington, who juked defenders and changed directions on a 63-yard pass play that made it 14-7. THE TAKEAWAYJames Madison: The Dukes may have gotten a bad deal on an apparent fumble by Pace on the Cavaliers' fifth scoring drive. So I anticipate that by the time we get ready to roll out next week, he should be back, ready to go.”UP NEXTThe Dukes play at Troy next Saturday.

Persons: James Madison, Jordan McCloud, Tony Elliott, “ We’ve, ”, Anthony Colandrea, Mike Hollins, Elliott, “, ” Dukes, Curt Cignetti, Pace, Dukes, Ty Son Lawton, JMU, Virginia, Perris Jones, Jalen Green, Daniel Sparks, Aiden Fisher, D'Angelo Ponds, Colandrea, Malik Washington, Hollins, Tony Muskett, Muskett, Tony Organizations: Dukes, Virginia, Cavaliers, Clemson, Kobe Pace, Hollins, Pace, ”, Troy, Maryland, AP Locations: CHARLOTTESVILLE, Va, Virginia, Tennessee, Colandrea

☆ John Grisham Returns to the Scene of the Crime
▼ + stars: | 2023-09-08 | by ( Zachary Fine | Photography Whitten Sabbatini For Wsj. Magazine | ) www.wsj.com time to read: 1 min

On a humid morning in mid-July, John Grisham was lounging under a candy-striped awning at Cove Creek Park, a multimillion-dollar youth baseball complex outside Charlottesville, Virginia. He looked comfortable and sweatless in the heat, wearing a crisp white button-down with the sleeves rolled up, slate-colored chinos, understated sneakers and a wristwatch with a slice of an MLB baseball mounted onto its dial. He was surrounded by 40 or so acres of cow pasture that, in the 1990s, he’d transformed into a ballpark with money earned from his greatest talent: imagining stories and selling them.

Persons: John Grisham, he’d Organizations: MLB Locations: Charlottesville , Virginia

The National Book Foundation, the nonprofit which presents the book awards, announced Friday that Dove is this year’s winner of its medal for Distinguished Contribution to American Letters, an honor previously given to Toni Morrison, Edmund White and Art Spiegelman among others. She is best known for her poetry, but has worked in other art forms and is currently planning a memoir. “Dove’s work transforms the everyday into the remarkable, brilliantly blending music, politics, and, let’s not forget, pleasure.”Political Cartoons View All 1148 ImagesThe National Book Award ceremony is scheduled for Nov. 15 in Manhattan, with Drew Barrymore hosting. Dove has received so many previous honors, lifetime and competitive, that it’s almost surprising the book foundation didn’t get around to her sooner. A fellow Pulitzer winner, poet Jericho Brown, will introduce Dove at the National Book Awards.

Persons: —, Rita Dove, I’m, Toni Morrison, Edmund White, Spiegelman, “ Thomas, Beulah, ”, Oscar, John Williams, Rita Dove’s, ” Ruth Dickey, “, let’s, Drew Barrymore, Dove, Paul Yamazaki, Lawrence Ferlinghetti, Ruth Lilly, Jericho Brown, Shakespeare, William Blake, Rosa Parks, Fred Viebahn, Cave Organizations: Book Foundation, Luck, Lights Booksellers & Publishers, Poet, City, Presidential, University of Miami, University of Iowa, Pulitzer, Humanities, of Arts, NAACP, Poetry Foundation, Library of Congress, American Academy of Arts and, University of Virginia Locations: Ivory, Manhattan, San Francisco's, Akron , Ohio, Ohio, Charlottesville , Virginia, New York City

☆ Wall St surges, Treasury yields retreat as data hints at potential Fed pause
▼ + stars: | 2023-08-29 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

"Today's data indicates that consumers are being cautious," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. The pan-European STOXX 600 index (.STOXX) rose 0.97% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 1.38%. Emerging market stocks rose 1.09%. U.S. Treasury yields retreated after a sharp fall in U.S. job openings increased the likelihood of a Fed rate hike pause. Oil prices rose as Hurricane Idalia bore down on Florida's Gulf Coast, threatening supply in a tightening market.

Persons: Toby Melville, Peter Tuz, Tuz, payrolls, Brent, Stephen Culp, Susan Fenton, Mark Heinrich Our Organizations: London Stock Exchange, REUTERS, Treasury, Chase Investment, Commerce, Dow Jones, Nasdaq, Japan's Nikkei, U.S, Thomson Locations: Canary Wharf, London, Britain, U.S, Charlottesville , Virginia, Asia, Pacific, Japan, Gulf

☆ Rep. Ayanna Pressley says GOP presidential candidate Vivek Ramaswamy isn't 'occupying any real estate in my mind' after he compared her to 'modern grand wizards' of the KKK
▼ + stars: | 2023-08-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Ayanna Pressley on Sunday hit back at Vivek Ramaswamy after he compared her to a KKK grand wizard. In making his comments last week, Ramaswamy argued that Pressley and Kendi didn't embrace diversity of opinion among members of minority groups. Al Sharpton, Pressley firmly rejected Ramaswamy's remarks, calling his words "dangerous." … We don't need any more brown faces that don't want to be a brown voice," Pressley said during the event. "We don't need any more Black faces that don't want to be a Black voice."

Persons: Ayanna Pressley, Vivek Ramaswamy, Ramaswamy, Ibram, Ramaswamy —, United States —, Pressley, Kendi, Al Sharpton, Ramaswamy's, Sharpton, brutalized, Ali Velshi Organizations: Service, Republican, Democratic Rep, Ayanna Pressley of Massachusetts, Capitol, Boston City Council, Representatives, Ku Klux, MSNBC Locations: Iowa, Wall, Silicon, Ayanna Pressley of, India, United States, Charlottesville, Virginia

☆ Dow, S&P 500 end down as US interest-rate worries mount, bank shares slip
▼ + stars: | 2023-08-22 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +2 min

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. Financials (.SPBK) were the biggest drag on the S&P 500. An S&P downgrade of multiple regional U.S. lenders weighed on bank shares, with both the KBW regional banking index (.KRX) and the S&P 500 banks index (.SPXBK) sharply lower. According to preliminary data, the S&P 500 (.SPX) lost 11.90 points, or 0.27%, to end at 4,387.87 points, while the Nasdaq Composite (.IXIC) gained 10.01 points, or 0.07%, to 13,507.60. Shares of Nvidia hit an all-time high of $481.87 early but were lower on the day.

Persons: Carlo Allegri, Jerome Powell, Peter Tuz, Caroline Valetkevitch, Amruta Khandekar, Shinjini Ganguli, Maju Samuel, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Nvidia, NEW YORK, Dow, Reserve, Nasdaq, Investors, Chase Investment, Treasury, Dow Jones, . Department, Kohl's Corp, Nordstrom Inc, Thomson Locations: New York, U.S, Jackson Hole , Wyoming, Charlottesville , Virginia

SEOUL, Aug 16 (Reuters) - North Korea's claim on Wednesday that U.S. soldier Travis King fled racism and abuse in America comes as Pyongyang pushes back on Washington's criticism of the North's human rights record. King has not been directly heard from, but an uncle in United States told media this month his nephew said he experienced racism during his military service. During the protests after the police killing of George Floyd in 2020, North Korean officials cited "extreme racists" in America and criticised authorities' response for threatening to "unleash even dogs for suppression". North Korean state media has its own history of issuing racially charged statements. A landmark 2014 U.N. report on North Korean human rights concluded that North Korean security chiefs - and possibly leader Kim Jong Un himself - should face justice for overseeing a state-controlled system of Nazi-style atrocities.

Persons: Travis King, King, Lim Eul, Donald Trump, George Floyd, Harrison Kim, Eldridge Cleaver, ”, Barack Obama, gaunt, Obama, Kim Jong Un, Josh Smith, Soo, hyang Choi, Gerry Doyle Organizations: U.S . Army, United Nations Security, U.S, North, Korea's Kyungnam University, University of Hawaii, NK News, Black Panther Party, Thomson Locations: SEOUL, America, Pyongyang, Korea, United States, North Korea, U.S, Charlottesville , Virginia, Seoul, North Korean, African, China

The minutes of the Fed's July monetary policy meeting showed most policymakers continue to prioritize the battle against inflation, adding to uncertainty among investors about the outlook for interest rates. Bank shares extended losses, with the S&P 500 bank index <.SPXBK> down 1% and Bank of America (BAC.N) leading losses among bigger banks to end 2.2% lower. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Equities have suffered through a rough patch in August, with the S&P 500 languishing near one-month lows as data underscoring sticky inflation and a robust economy fans fears of interest rates staying elevated for longer. The S&P 500 posted four new 52-week highs and 18 new lows; the Nasdaq Composite recorded 36 new highs and 255 new lows.

Persons: Banks, we're, Peter Tuz, Brendan McDermid, Mike Reynolds, Saeed Azhar, Noel Randewich, Amruta, Lewis Krauskopf, Maju Samuel, Vinay Dwivedi, Deepa Babington Organizations: Nasdaq, Dow, Federal, Chase Investment, ”, Dow Jones, Bank, Bank of America, Nvidia, New York Stock Exchange, REUTERS, Walmart, NYSE, Thomson Locations: Charlottesville , Virginia, New York City, U.S, New York, Bengaluru

☆ Analysis: Rising bond yields emerge as pressure point for US stock rally
▼ + stars: | 2023-08-09 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

This year, it’s largely been a different story, with bond yields rising on better-than-expected economic data. The S&P 500 (.SPX) has rallied over 16% from its March lows, despite a roughly 50 basis point increase in the yield on the benchmark 10-year Treasury note over that time. That dynamic has changed in recent days, however, as Treasury yields have approached last year’s high while the S&P 500 has fallen 2% from its July peak. The bank’s analysts called rising yields "an underpriced risk" for the equity market. The S&P 500 fell 2.3% last week, its biggest weekly drop since March.

Persons: Brendan McDermid, it’s, Keith Lerner, Moody's, Peter Tuz, Refinitiv, Lerner, Matthew Miskin, Lewis Krauskopf, Ira Iosebashvili, Grant McCool Organizations: New York Stock Exchange, REUTERS, Federal Reserve, U.S ., BofA Global Research, Advisory Services, Fitch, Apple, Chase Investment, John Hancock Investment Management, Thomson Locations: New York City, U.S, United States, China, Charlottesville , Virginia, Truist

☆ Rising bond yields emerge as pressure point for US stock rally
▼ + stars: | 2023-08-09 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

☆ It’s No Surprise That Donald Trump Is Being Charged Under a Reconstruction-Era Law - The New York Times
▼ + stars: | 2023-08-03 | by ( Ian Bassin | Kristy Parker | ) www.nytimes.com time to read: +3 min

Other Reconstruction-era laws are also in the center of debates today. That guarantee was ratified in 1868 to reverse the Supreme Court’s Dred Scott decision holding that African Americans were not citizens. And recently, our organization filed a voting rights lawsuit under the 1870 law that readmitted Virginia to the Union. Ian Bassin is a co-founder and the executive director of the group Protect Democracy and a former associate White House counsel. Kristy Parker is counsel at Protect Democracy and the former deputy chief of the criminal section of the Justice Department’s Civil Rights Division.

Persons: Trump, Dred Scott, intransigence, Ian Bassin, Kristy Parker Organizations: Boys, Charlottesville Unite, Mr, Black, Capitol, Union . The, Union . The Virginia Readmission, Protect Democracy, White, Justice Department’s Civil Rights Division Locations: Charlottesville, United States, New Mexico, Virginia, Union . The Virginia

☆ Why Are Dave Matthews Band Fans So Loyal?
▼ + stars: | 2023-07-29 | by ( Perri Ormont Blumberg | ) www.nytimes.com time to read: +1 min

On an afternoon in June while wildfire smoke enveloped Manhattan, people lined up outside Irving Plaza — some before dawn, some sporting face masks, some fresh off red-eye flights — to see Dave Matthews. That night, the 56-year-old balladeer was playing a rare solo gig celebrating his namesake band’s new album, “Walk Around the Moon.”Josh Roberts, 42, a special-education teacher in Las Vegas, who has seen the Dave Matthews Band, or DMB, 523 times, stood in that line. Mr. Roberts estimates that he has spent $100,000 on tickets and travel since discovering the band as a struggling high school junior in 1995. “This band has songs about love, depression, sex, things that you connect to,” he said. Mr. Matthews is the first to admit he doesn’t always get it right.

Persons: —, Dave Matthews, balladeer, ” Josh Roberts, Roberts, ”, Matthews, doesn’t, “, ’ ”, DMB Organizations: Irving, ChatGPT Locations: Manhattan, Las Vegas, TriBeCa, Charlottesville, Va, DMB

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