Market News
- S&P 500 Climbs, Extending August Rally August 12, 2020U.S. stocks rose, signaling that the S&P 500 is back on track to continue this month’s rally a day after the benchmark posted its biggest decline in almost three weeks.
- Inflation Reading No Match for Fed's Dovish Turn August 12, 2020Prices jumped last month, but inflation would have to warm up much more for the Federal Reserve to even consider changing course. For investors, that is a green light.
- The Real Winner of the Veepstakes Might Be Susan Rice August 12, 2020Kamala Harris is the Democratic vice presidential candidate, but Susan Rice probably made a lot more money this month.
- Goldman Sachs Vies for GM's Credit Card, Betting on Connected Cars August 12, 2020The Wall Street firm is among a small number of bidders for the auto maker’s credit-card business, which has about $3 billion in outstanding balances, according to people familiar with the matter. Barclays is also in the running.
- Grubhub's Merger Partner Needs to Defend Its Lunch August 12, 2020For Just Eat Takeaway.com, the opportunity presented by the Covid-19 pandemic may be better understood than the threat.
- Nautilus Is Too Pumped Up August 12, 2020The Covid fitness-equipment boom has caused the company’s stock to surge, but shareholders have reason to sweat.
- Investors Shun Treasurys Ahead of Massive Debt Sale August 12, 2020Investors sold U.S. Treasury bonds in anticipation of a wave of new government debt becoming available this week, sending long-term yields to their highest level in over a month.
- Gold Stung by Rising Bond Yields August 12, 2020Gold futures fell, with the metal set to record its second straight decline, putting the precious commodity on track to post its lowest settlement in more than two weeks.
- Tencent Will Struggle in the Greatest Game of All August 12, 2020Gaming helped Tencent deliver a record quarter, but its new opponent is unlikely to play nice.
- New Xbox Will Lack 'Halo' Effect August 12, 2020Delay in releasing the latest installment of the blockbuster “Halo” gaming franchise could hurt Microsoft’s new Xbox launch.
Riverside County News
- Apple fire containment inches up to 60%, with firefighters going to daytime-only shifts August 12, 2020The San Gorgonio Wilderness remains closed, and firefighters said 7,249 of the wilderness area has burned.
- 2 arrested on suspicion of gunning down Jurupa Valley High School student August 12, 2020Walter Macklin was 19 and attending his senior year at Jurupa Valley High when he was shot and killed in January 2019, officials said.
- Police, firefighter impersonator now accused of Moreno Valley robberies August 12, 2020David Anthony Battle, 49, was booked on five counts of second-degree armed robbery.
- Fender hires guitar makers, others at Corona job fair August 12, 2020More than 30 applicants were interviewed for close to 50 temporary positions
- Riverside County reports 1,393 new coronavirus cases, 4 deaths August 11, 2020The county also saw its largest one-day increase in testing with 11,036 new tests, though it's likely due, in part, to the correcting of a state database backlog
- Nordstrom shoppers saddened by loss of Montclair, Riverside stores August 11, 2020"The whole store was a class act," one shopper declares. Nordstrom closed with little fanfare during the pandemic, but its arrival was a big deal in the Inland Empire.
- Kaiser commits $63 million to support contact tracing in California August 11, 2020Contact tracers notify and monitor others who have come in contact with infected people.
- How to enter Riverside’s $10,000 Waterwise Landscape Makeover raffle August 11, 2020Keep Riverside Clean and Beautiful will give a $10,000 landscape makeover to the Riverside homeowner who wins its Waterwise Landscape Makeover raffle. The drawing will be held Aug. 31 at the Greater Riverside Chambers of Commerce, 3985 University Ave., Riverside. Raffle tickets are $20 each, five for $50, 10 for $75 and 15 for $100 and are available at the Greater Riverside […]
- Here are this summer’s Bank of America Student Leaders for the Inland Empire August 11, 2020Four high school students, from Temecula, Murrieta, Indio and Highland, participated in the internship program that turned virtual this summer
- Small businesses are dying by the thousands – and no one is tracking the carnage August 11, 2020Big companies are going bankrupt at a record pace, but that’s only part of the carnage. By some accounts, small businesses are disappearing by the thousands amid the Covid-19 pandemic, and the drag on the economy from these failures could be huge. This wave of silent failures goes uncounted in part because real-time data on […]
Business News
- A home office is this year’s hottest housing feature August 12, 2020Forget about those media rooms, wine cellars and home spas _ the hottest item for buyers in a COVID-19 world is a home office.
- Senator: Let’s stop another Wall Street takeover of California homes August 12, 2020SB 1079 is designed to help California avoid another takeover of single-family homes that corporations employed in the Great Recession.
- Media mogul Sumner Redstone dies at 97 August 12, 2020Sumner Redstone, who built a media empire from his family's drive-in movie chain, has died. He was 97.
- Ex-O.C. ‘Housewife’ Vicki Gunvalson seeks $3.35 million for Coto de Caza home August 11, 2020The home was prominently featured on Bravo's hit reality series.
- Kaiser commits $63 million to support contact tracing in California August 11, 2020Contact tracers notify and monitor others who have come in contact with infected people.
- Small businesses are dying by the thousands – and no one is tracking the carnage August 11, 2020Big companies are going bankrupt at a record pace, but that’s only part of the carnage. By some accounts, small businesses are disappearing by the thousands amid the Covid-19 pandemic, and the drag on the economy from these failures could be huge. This wave of silent failures goes uncounted in part because real-time data on […]
- Coronavirus: California eviction protections could end in September August 11, 2020California housing advocates are urging immediate aid for renters facing eviction because of the coronavirus pandemic.
- McDonald’s sues ousted CEO, alleging employee relationships August 10, 2020The company now wants to reclaim millions of dollars in compensation paid to Easterbrook.
- California wins preliminary injunction against Uber, Lyft August 10, 2020The ride-hailing companies are expected to appeal the far-reaching preliminary injunction.
- 14 SoCal real estate twists: 2.88% loans, housing for San Juan Capo, San Pedro, Big Bear August 10, 2020w normal in home sales: Clear all surfaces for easy sanitizing.
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