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Wall Street opens lower as retail sales numbers disappoint

August 17, 2022 by www.sfgate.com

This is a carousel. Use Next and Previous buttons to navigate 12 NEW YORK (AP) — Stocks are opening lower on Wall Street Wednesday as traders absorb some discouraging news about how much Americans are spending. Major indexes were all lower in the first few minutes of trading after the government reported that sales at U.S. retailers were flat last month, even though forecasters were expecting an increase. Many households are spending more cautiously as inflation remains high and as interest rates rise. The S&P 500 was off 0.6%. The Dow Jones Industrial Average and the Nadsaq composite also fell. The yield on the 10-year Treasury rose to 2.88%. European markets were also lower. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — Wall Street pointed toward declines before the market opened Wednesday after Target reported a huge decline in profits on the same day … [Read more...] about Wall Street opens lower as retail sales numbers disappoint

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23-story project in Denver’s Golden Triangle neighborhood will incorporate existing retail building

August 17, 2022 by www.denverpost.com

The development firm that recently purchased the Bonnie Brae Tavern and original Cherry Cricket properties is thinking big in the Golden Triangle. Denver-based Alpine Investments, in conjunction with New Jersey-based Ironstate Development, wants to build a 23-story, 285-unit apartment building at the northwest corner of 11th Avenue and Cherokee St. The 250-foot-tall structure would be one of a handful of projects, along with two being planned by Denver-based Urban Villages, to take advantage of the new maximum height included in new zoning for the neighborhood that city leaders approved last summer. That change has helped propel the neighborhood’s status as a hotbed for multifamily development, with both national and local players in the mix. The new structure would replace a pair of small office buildings, at 1117 and 1129 Cherokee St. But it would incorporate the third structure currently on the site, a unique retail building known as Cherokee Row right on the corner whose … [Read more...] about 23-story project in Denver’s Golden Triangle neighborhood will incorporate existing retail building

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New Hulu documentary reveals dark discoveries about Victoria’s Secret

August 16, 2022 by www.sfgate.com

Sign up for our Remote Control newsletter to receive the best of streaming in your inbox every week. For decades, mallgoers, slightly confused teenage girls and horny teenage boys have wondered what secret this mysterious Victoria is hiding. The new three-part Hulu docuseries “Victoria’s Secret: Angels and Demons” explores these secrets and, well, they are less “she only wears thongs (wink)” and more “wait, was this brand just a lot of pink thongs covering up the very real exploitation of underage girls?” The media has long covered the shift in our awareness of the retouching and beyond-unreal expectations of women’s bodies, but what was going on behind the scenes at Victoria’s Secret has somehow remained mostly under wraps. You will be stunned to know that a brand built under the guise of female empowerment was created by very powerful men, who hired mostly other powerful men, who were allegedly secretly exploiting young girls, and then sold that manufactured “brand” … [Read more...] about New Hulu documentary reveals dark discoveries about Victoria’s Secret

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Business Highlights: EV tax credits, Walmart earnings

August 16, 2022 by www.sfgate.com

___ Which EVs qualify for new US tax credit? Websites offer help WASHINGTON (AP) — The U.S. government is moving forward with its plan to award new tax credits to electric vehicle purchasers. It’s part of the rollout of a huge new climate, tax and healthcare law. Several new websites launched Tuesday to help people identify which vehicles qualify for the credits. Based on data submitted to the National Highway Traffic Safety Administration, at least 31 new 2022 and 2023 models qualify for the tax credit. For starters, they must be made in North America to be eligible. President Joe Biden signed Democrats’ landmark climate change and health care bill into law on Tuesday afternoon. It includes a tax credit of up to $7,500 that could be used to defray the cost of purchasing an electric vehicle. ___ Companies facing 1st tax on stock buybacks in Biden bill WASHINGTON (AP) — Democrats have pulled off a quiet first in legislation passed this month: the creation of a tax … [Read more...] about Business Highlights: EV tax credits, Walmart earnings

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2022 Maruti Suzuki Alto K10 India Launch Tomorrow, Here’s All You Need to Know

August 17, 2022 by www.news18.com

Maruti Suzuki is all set to launch the 2022 Alto K10 tomorrow in the Indian market. The hatchback is receiving a big update after almost a decade as the current model was introduced in 2012 in India. The company did not upgrade the Alto K10 to BS6 emission norms when they came into effect on April 1, 2020. So, ahead of the big launch tomorrow, here’s everything you need to know about the 2022 Maruti Suzuki Alto K10: 2022 Maruti Suzuki Alto K10 Design Based on the Heartect architecture, the 2022 Alto K10 design will be heavily inspired by its elder sibling Celerio. The front fascia would flaunt a massive grille while the sweptback headlamps and bumper have been newly designed. Going to the side profile, it doesn’t get alloy wheels and buyers will have to remain content with steel wheels with caps. Also, fog lamps will be missing from the hatchback. The rear end will boast a squarish tail-lamp cluster and a restyled bumper. The 2022 Maruti Suzuki Alto K10 will be available in six … [Read more...] about 2022 Maruti Suzuki Alto K10 India Launch Tomorrow, Here’s All You Need to Know

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