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☆ Gun companies reckon with declining demand after pandemic surge
▼ + stars: | 2023-01-18 | by ( Stefan Sykes | ) www.cnbc.com time to read: +4 min

American Outdoor Brands and Vista Outdoor have reported weaker sales in their shooting categories of late. But the past year has seen gun sales fall precipitously as demand wanes. Sturm, Ruger & Company did not immediately respond to CNBC's request for comment. Other major gun companies including American Outdoor Brands and Vista Outdoor, which purchased Remington Ammunition out of bankruptcy in late 2020, are seeing similar declines in gun sales. Vista Outdoor reported a sales decline of 4% to $432 million for its sporting products, which includes its Remington acquisition.

Indiana police, whose work was being broadcast live on cable TV, arrested a father after neighbors reported his toddler son was roaming apartment hallway with a loaded gun, officials said. Officers spoke to a neighbor who called police and then to the boy's father, 45-year-old Shane Osborne, who said there was no gun in his apartment, "Live" footage showed. The officers immediately went back to Osborne's apartment and eventually found a 9mm Smith & Wesson inside a closed roll top desk, according to the Reelz show. Curtis Wilson, a "Live" analyst, said he doubts the child randomly put the gun in that desk. Osborne was booked on suspicion of felony neglect of a dependent, police records showed, though more charges might be in the works.

A father spent most of the weekend in jail after his young boy was seen on security video waving a loaded handgun around an Indiana apartment complex, authorities said Monday. At first, the boy moves rapidly to a staircase and points the gun down its slope for a beat, the video shows. Officers responding to the report of the boy with a gun were being recorded for immediate broadcast on "On Patrol: Live" on cable network Reelz. The neighbor said she looked through her front door peephole and saw the boy standing above with the gun held behind his back. A woman with the same last name as the suspect lives in a separate apartment, according to the report.

☆ The start of 2023 means carrying a gun without a license is now legal in half of US states: 'Lipstick, an iPhone, maybe a little Smith & Wesson .38'
▼ + stars: | 2023-01-01 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +3 min

Alabama's permitless carry law went into effect with the start of the new year. Over the past two decades, gun control laws have weakened at the state and federal levels. The law signaled a gun rights landmark for the US: Now, half of the 50 states allow people to carry handguns without permits. More than 600 mass shootings transpired in the US in 2022, making it the second-highest annual total for mass shootings on record, according to data compiled by the Gun Violence Archive, a non-profit tracking gun violence. There were more mass shootings in the last half decade than in any other five-year period going back to 1966, the Marshall Project found last year.

REUTERS/Lucas JacksonCompanies Smith & Wesson Brands Inc FollowDec 20 (Reuters) - The upstate New York city of Buffalo on Tuesday filed a lawsuit in state court accusing major gun manufacturers of fueling violence through irresponsible marketing and sales practices. Defendants in the lawsuit include Smith & Wesson Brands Inc (SWBI.O), Beretta USA Corp, Bushmaster Firearms Industries Inc, Colt's Manufacturing Co LLC and Glock Inc. The city is seeking an unspecified money award to combat gun violence. The case appeared to be the first time a city has sued major gun companies under a 2021 New York law that allows lawsuits against gun makers and sellers for creating a "public nuisance" through their business practices. Reporting By Brendan Pierson in New York; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ What Guns Did to My Childhood
▼ + stars: | 2022-12-14 | by ( Mitchell S. Jackson | ) www.nytimes.com time to read: +10 min

Isn’t a part of childhood feeling insecure and divining ways to resolve those feelings or else abide them? From Mitchell S. JacksonThe presence of gangs — mind you, a predictable symptom of poverty and neglect — led to the prevalence of guns that shaped much of the normal childhood maturing around me as a kid. It surprises me little to none that Black boys are the likeliest to die by guns. These guns alter their lives in significant ways, not in the least by nullifying the childhood grace of feeling the greatest distance from death. Amen, I’ve never had to sit him down for a stern talk on guns or the violence and grieving they reap.

☆ Gun-loving Bolsonaristas challenge Lula's pledge to disarm Brazil
▼ + stars: | 2022-12-13 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +10 min

The president-elect has pledged to "disarm" an increasingly gun-toting country where personal firearms have become a symbol of Bolsonaro's conservative base. Reuters interviewed eight other people working on, or advising, Lula's transition team on bolstering gun controls once he takes office on Jan. 1. The priority will be to reimpose civilian prohibitions on certain high-caliber weapons, including the rifle used by Jefferson, the sources said. The political context is a sharp departure from Lula's 2003-2010 presidency, when he passed sweeping gun laws to combat violent crime. Last week, they charged him with four counts of attempted murder, resisting arrest, and weapons charges.

☆ Stock futures are up slightly as fears mount over upcoming interest rate hikes
▼ + stars: | 2022-12-05 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are trading up slightly Monday night as investors tried to shake the previous session's selloff. S&P 500 futures and Nasdaq-100 futures both gained 0.1%. Monday's close marked a negative start to the trading week. Market observers are still largely expecting a 50 basis point increase to interest rates at the Fed's December meeting. Investors will look ahead to data Tuesday morning on international trade for insight into the strength of the U.S. and global economy.

☆ Expect more choppiness ahead after a week of mixed market signals
▼ + stars: | 2022-12-02 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Driving the action were several key economic reports, including the November ADP employment and nonfarm payrolls reports and the October personal spending report. The comments came after a softer-than-expected ADP employment report, but before a stronger-than-expected nonfarm payrolls report. With these kinds of mixed signals, expect more market choppiness as investors remain on the hunt for more definitive signs that the Fed is winning its war on inflation and can therefore definitively ease up on their hawkish stance. Initial jobless claims for the week ending Nov. 26 were 225,000, a decrease of 16,000 from the prior week and below expectations of 235,000. Finally, on Friday the all-important nonfarm payrolls report was released, indicating a 263,000 payrolls increase in November, above the 200,000 expected.

☆ Markets looking for the next catalyst might latch on to worries about 2023
▼ + stars: | 2022-12-02 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Markets could be volatile and in search of a catalyst in the week ahead, as investors consider year-end trades in the lull before the Federal Reserve's December 13-14 policy meeting. Stocks were higher in the past week, with the year's worst performing sectors, communications services and consumer discretionary companies, leading the gains. On the geopolitical front, Arone said investors will watch the Dec. 6 runoff election in Georgia's senate race . Week ahead calendar Monday Earnings: Sumo Logic , Gitlab 9:45 a.m. Services PMI 10:00 a.m. ISM services 10:00 a.m. Initial jobless claims 10:00 a.m. Quarterly services survey Friday 8:30 a.m. PPI 10:00 a.m. Consumer sentiment 10:00 a.m. Wholesale trade

MexicoMembers of a small community in Mexico defend their town against gang criminals with guns. Although Mexicans have a right to buy a gun, bureaucratic hurdles, long delays, and narrow restrictions make it extremely difficult to do so. Article 10 of the 1857 Mexican Constitution guaranteed that "every man has the right to keep and to carry arms for his security and legitimate defense." During the rewriting of the constitution, the government placed more severe restrictions on the right to buy guns. In 2012, The New York Times reported that only members of the police or military can buy the largest weapons in Mexico, such as semiautomatic rifles.

He said the school’s student affairs office interviewed Jones’ roommate, who had not seen the suspect with a gun. It wasn’t clear if the school’s internal investigation of Jones possibly having a gun ended with that roommate’s interview. On Tuesday, university officials admitted they learned Jones had been convicted of a misdemeanor for a concealed weapons violation in 2021. Hingeley revealed in court Jones’ previous scrapes with the law. He attempted to purchase a Smith & Wesson M&P15-22, a .22-caliber rifle, but “failed the background check,” the owner said.

☆ Off-duty New York police officer fatally shoots a woman and wounds another before dying by suicide
▼ + stars: | 2022-11-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +2 min

An upstate off-duty New York police officer fatally shot a 27-year-old woman before she turned the gun on herself and took her own life Monday, Rochester police said. Tiffani Gatson, 29, an officer with the Greece Police Department, shot two women at a Rochester home before she died by suicide. Greece is a suburb of Rochester, in western New York on Lake Ontario. Gatson, who had been an officer in Greece since September 2018, was off duty at the time, Greece police said. Gatson was the first African American woman to join the Greece Police Department in 2019, WHEC reported.

☆ Ex-Philadelphia deputy accused of selling illegal guns, including 2 used in 'ambush' shooting at high school scrimmage
▼ + stars: | 2022-10-28 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

A former Philadelphia sheriff's deputy is accused of illegally selling firearms, including two which had been used in a deadly "ambush" after a high school football scrimmage, court documents state. The former deputy, Samir Ahmad, 29, faces charges of firearms trafficking and selling firearms to a person unlawfully in the U.S. Law enforcement gave the informant an audio recording device and instructed him to buy the gun from Ahmad. Three people — two teenagers and a 21-year-old man — were arrested in connection to the shooting, NBC Philadelphia reported. It's not clear if Ahmad knew the weapons had been used in the shooting prior to his obtaining them.

☆ Kyle Rittenhouse says he's planning YouTube channel about guns and the Second Amendment
▼ + stars: | 2022-10-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Phil-Helsel-Circle-Byline-Template.Jpg | Phil Helsel | ) www.nbcnews.com time to read: +1 min

Almost a year after he was acquitted of all counts of shooting three people, killing two of them, Kyle Rittenhouse says he's launching a YouTube channel. The protests erupted in Kenosha after a police officer shot Jacob Blake, leaving him paralyzed. Rittenhouse was charged with homicide and attempted homicide in the Aug. 25, 2020, killings of Joseph Rosenbaum and Anthony Huber, and the wounding of Gaige Grosskreutz. A jury found Rittenhouse not guilty of all counts Nov. 19. In June, he tweeted that he was planning to attend Blinn College in Texas, with a plan to attend Texas A&M in 2023.

A small group of Los Angeles city leaders faced shame and castigation after an audio recording of racist remarks at a private meeting surfaced Sunday. The most egregious remarks were uttered by City Council President Nury Martinez, who seemed to verify the 2021 recording by apologizing to constituents. Los Angeles City Councilmember Kevin de León and City Council President Nury Martinez confer at council meeting on Oct. 4. Martinez and de León and other Latino council members apologized Sunday after The Los Angeles Times reported that they had been taped making racist comments in a private meeting. The three issued a joint statement Sunday night that called past City Council support for Black Lives Matter "a facade."

☆ Gun industry faces a new wave of lawsuits that could reshape how firearms are sold
▼ + stars: | 2022-10-06 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

The families of three children who survived the Uvalde, Texas, school shooting earlier this year are pursuing legal action in separate cases, as well. But survivors, victims, family members and gun law advocates see an opportunity to hold manufacturers and dealers liable by calling into question their sales and marketing practices. The Highland Park suits were filed in Lake County Circuit Court on behalf of the family members of people who were killed. The plaintiffs allege Smith & Wesson used deceptive marketing strategies to "appeal to the impulsive, risk-taking tendencies of civilian adolescent and post-adolescent males." CNBC reached out to Smith Wesson, Bud's Gun Shop and Red Dot Arms for comment.

☆ Smith & Wesson Sued by Families of Highland Park Shooting Victims
▼ + stars: | 2022-09-29 | by ( Jennifer Calfas | ) www.wsj.com time to read: 1 min

A memorial for the seven people killed in the Fourth of July mass shooting in Highland Park, Ill. The families of victims of the Fourth of July mass shooting in Highland Park, Ill., are suing gun maker Smith & Wesson Brands Inc. for its alleged role in the attack that left seven dead and dozens injured. The civil lawsuits, filed Wednesday in Lake County Circuit Court, allege Smith & Wesson used deceptive and unfair marketing strategies that violate Illinois law and target “the risk-seeking—and often troubling—desires” of “disturbed young men.”

Attendee inspect Smith and Wesson firearms at the National Rifle Association's (NRA) annual meeting, in Indianapolis, Indiana, U.S., April 28, 2019. Smith & Wesson did not immediately respond to a request for comment. Wednesday's lawsuits allege that Smith & Wesson knowingly advertised its weapons, including the M&P-model rifle used by Crimo, to appeal to "militaristic fantasies" of troubled young men. "(Crimo) and other would-be mass shooters are highly susceptible to the disturbing promotional messages from Smith & Wesson," the lawsuits said. They are asking the court to stop Smith & Wesson from the allegedly illegal marketing, including by putting age restrictions on social media content and removing military references, and to award unspecified monetary damages.

☆ Smith & Wesson sued over link to July 4 mass shooting
▼ + stars: | 2022-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmith & Wesson sued over link to July 4 mass shootingCNBC's Shep Smith reports that gun manufacturer Smith & Wesson was sued today for marketing its guns to young men at risk of causing mass violence.

☆ Lawmakers ask Commerce Dept. to curb U.S. gun exports - letter
▼ + stars: | 2022-09-28 | by ( Mike Stone | ) www.reuters.com time to read: +2 min

The letter, which was signed by Warren, Senator Chris Murphy and U.S. Representative Joaquin Castro, was sent to Commerce Secretary Gina Raimondo. Register now for FREE unlimited access to Reuters.com RegisterIn 2020, President Donald Trump's administration eased firearms exports when it moved export license oversight from the U.S. State Department to the Commerce Department. However, in the first 16 months since the Commerce Department took over firearm export licensing, it approved nearly $16 billion worth of licenses. The lawmakers, citing U.S government data, said that was a 30% increase from when the State Department controlled firearms licensing. Warren and the other Democrats also expressed concern that since taking over oversight, the Commerce Department had denied 0.4% of license applications and approved 95%.

☆ Here are the sidearms the US military has carried into battle since first taking on the British
▼ + stars: | 2020-11-15 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +8 min

Since 2017, US military service branches have been rolling out new M17 and M18 handguns. The M17 and the compact M18 variant are the latest in a long line of sidearms that US troops have carried into battle since 1776. This flintlock saw service in the War of 1812 and remained the US Army's standard-issue pistol for over 50 years. Two Model 1805s are featured on the US Army Military Police Corps insignia, and a similar pistol can be seen on the US Navy SEAL emblem. National ArchivesThe most popular Colt design of the 19th century was the Colt Army Model 1860, a .44-caliber revolver adopted just before the Civil War.

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