Category: News

Causeway: Part stock fund + part donor-advised fund = A new bid for young donors

What might persuade affluent 20- and 30-somethings to give to charity? Charity Navigator, which millions of Americans use to guide their giving, is betting it has an answer to that vexing question for nonprofits: a new online platform that promotes giving to causes, not individual organizations. The ratings giant announced Tuesday its acquisition of Causeway, the start-up company behind the platform. Causeway, which launched only…

Stock market today: Wall Street rises as easing yields in the bond market relax the pressure

TOKYO — Asian shares mostly rose Thursday after Wall Street rallied to its best day since June after pressures from the bond market relaxed a bit. Japan’s benchmark Nikkei 225 gained 0.4% in morning trading to 32,146.33. Australia’s S&P/ASX 200 added 0.4% to 7,178.10. South Korea’s Kospi jumped 1.0% to 2,531.45. Hong Kong’s Hang Seng surged 1.1% to 18,041.53, while the Shanghai Composite slid 0.1%…

Xi, Putin and other leaders locked in discussions over an expansion of the BRICS economic bloc

JOHANNESBURG — The leaders of Brazil, Russia, India, China and South Africa held closed-door discussions Wednesday on the possible expansion of their BRICS economic bloc, a move they’ve framed as a way to amplify the voice of developing nations, but which also serves the geopolitical interests of Beijing and Moscow. A decision on whether to accept new members had been expected late Wednesday, the second…

Donald who? Fox barely mentions Trump in first half of debate until 10-minute indictment discussion

Fox News reached an estimated 12.8 million viewers on two television channels and its streaming network for the first GOP presidential primary debate of the 2024 season, even though former President Donald Trump skipped it ByDAVID BAUDER AP media writer August 24, 2023, 10:39 AM FILE – Republican presidential candidates, from left, former Arkansas Gov. Asa Hutchinson, former New Jersey Gov. Chris Christie, former Vice…

Stock market today: Wall Street slips ahead of a highly anticipated speech from the Federal Reserve

TOKYO — Asian shares mostly fell Friday, discouraged by a Wall Street slump that followed a blowout profit report from Nvidia and mixed reports on the U.S. economy. Japan’s benchmark Nikkei 225 dropped 1.8% to 31,713.24 in morning trading. Australia’s S&P/ASX 200 dipped nearly 1.0% to 7,111.60. South Korea’s Kospi lost 0.6% to 2,522.09. Hong Kong’s Hang Seng slipped 1.0% to 18,035.97, while the Shanghai…

Sandwich chain Subway will be sold to Arby’s owner Roark Capital

Sandwich chain Subway said Thursday it will be sold to Roark Capital, a private equity firm with expertise in restaurant management ByDEE-ANN DURBIN AP business writer File – The Subway logo is seen on takeout boxes at a restaurant in Londonderry, N.H., on Feb. 23, 2018. The sandwich chain said Thursday it will be sold to the private equity firm Roark Capital. Terms of the…

Companies find digital loopholes in NIL rules to allow direct payments to college athletes

STORRS, Conn. — Two years after the NCAA cleared the way for college athletes to earn money off their fame and celebrity, digital technology is allowing some of them to get paid by their fans without having to do very much in return. Most deals struck by athletes under name, image and likeness guidance from schools or states are in exchange for something — an…

Shein and Forever 21 team up in hopes of expanding reach of both fast-fashion retailers

NEW YORK — Fast fashion retailers Shein and Forever 21 are going into business together. Under a partnership agreement announced Thursday, the Chinese-founded Shein will acquire about one-third interest in Sparc Group, Forever 21’s operator. Sparc will also become a minority shareholder in Shein. The deal is expected to expand Forever 21’s distribution on Shein’s global e-commerce platform, which has attracted 150 million online users….

Fire at Louisiana oil refinery sends tower of black smoke into the air, but no injuries reported

A massive fire at a south Louisiana oil refinery sent a tower of black smoke billowing into the air above the Mississippi River Smoke billows from a tank fire at the Marathon Petroleum facility in Garyville, La., Friday, Aug. 25, 2023. Garyville is located about 40 miles up the Mississippi River from New Orleans. (Chris Granger/The Times-Picayune/The New Orleans Advocate via AP) The Associated Press…