September 2020 - Delron-Buckley

Trump heads back to state to raise money and rally supporters

September 30, 20201 min read

With five weeks to go before the election, President Donald Trump was back in Minnesota Wednesday to headline a GOP fundraiser in Shorewood and then hold an evening rally in Duluth.

Several dozen supporters were gathered behind barricades across from Air Force One shortly after his arrival at 4:08 p.m. on the Minnesota National Guard side of the Minneapolis-St. Paul International Airport. Among them were Minnesota Senate Republican Leader Paul Gazelka, House GOP Leader Kurt Daudt, and U.S. Senate candidate Jason Lewis.

It is Trump’s seventh visit to Minnesota since taking office, and his second to northern Minnesota since early voting started in the state on Sept. 18, when he rallied supporters in Bemidji while Democrat challenger Joe Biden met with union members in Duluth.

The focus on northern Minnesota underscores the importance of working-class voters in the region to both campaigns.

Ahead of Trump’s visit, Biden’s campaign released a

business

September’s Jobs Report Will Only Make A Dent In The Number Of Unemployed People

September 30, 20201 min read

Barista shop owner holding a sign saying, sorry we’re closed.

getty

The U.S. Labor Department will announce how many jobs were created in September this Friday, October 2, before the markets open. ADP estimates that the economy added 749,000 jobs in the month, down from 1.37 million in August. This compares to the consensus estimate of 850,000 per Trading Economics (its projection is 915,000) and 800,000 from Capital Economics.

Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, said, “The labor market continues to recover gradually. In September, the majority of sectors and company sizes experienced gains with trade, transportation and utilities; and manufacturing leading the way. However, small businesses continued to demonstrate slower growth.”

Unemployment claims are still at historical levels

From the Peter G. Peterson Foundation, “Since March 15, 62 million individuals have filed a claim, largely because of the coronavirus (COVID-19) pandemic and measures to

money

College aid amid a pandemic

September 30, 20201 min read

As the health and economic pandemic continue to swirl, another college financing season is about to begin. While the process is always onerous, this year, many families will need to send extra documentation highlighting any changes to their financial condition as a result of the pandemic (or any other reason). It’s important to remember that many of the forms that grantors and lenders require – including the all-important Free Application for Federal Student Aid or FAFSA, are based on 2019 tax returns and financial statements, which is not going to capture the impact of COVID-19.

schlesinger-fafsa.

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schlesinger-fafsa.

a close up of Jill Schlesinger wearing a blue shirt: Jill Schlesinger.

© Provided by Tribune Content Agency
Jill Schlesinger.

For those who have seen a drop in income or assets, including those who are already enrolled, you will need to follow up all formal applications directly with each school to which the student is applying in order to submit

finance

Brexit Prompts 7,500 Finance Jobs, $1.6 Trillion to Leave U.K.

September 30, 20201 min read

City Gyms Prepare For Re-opening As U.K. Encourages Britons Back to Work — Photographer: Jason Alden/Bloomberg

Financial services firms operating in the U.K. have shifted about 7,500 employees and more than 1.2 trillion pounds ($1.6 trillion) of assets to the European Union ahead of Brexit — with more likely to follow in coming weeks, according to EY.

About 400 relocations were announced in the past month alone, the consulting firm said in a report on Thursday that tracks 222 of the largest financial firms with significant operations in the U.K. Since Britain voted to leave the bloc in 2016, the finance industry has added 2,850 positions in the EU, with Dublin, Luxembourg and Frankfurt seeing the biggest gains.

From next year, firms in Europe’s financial capital will lose their passport to offer services across the EU. They will have to rely on the bloc granting the U.K. so-called equivalence for them to do business with customers in the region, who

business

What’s planned for the former Texas Stadium site in Irving? Curious Texas investigates

September 30, 20201 min read

After nearly four decades of sporting events and concerts, more than 20,000 people gathered in April 2010 to watch as an implosion leveled Texas Stadium in Irving.

The stadium, which opened in October 1971, was known as the home of the Dallas Cowboys. It was also recognized for its gaping hole at the top of the stadium, a result of abandoned plans for a retractable roof. In the 1980s and 1990s, The Jacksons, Madonna and Willie Nelson performed at the stadium to crowds of 65,000 people.

After the Cowboys moved to AT&T Stadium in Arlington, the site of the former Texas Stadium has remained vacant. That’s why reader Don Walther asked Curious Texas: “What is being planned for the former Texas Stadium site in Irving?”

The city of Irving leased the site to the Texas Department of Transportation to be used as a staging area for a construction project, said

business

U.S. Stock ETFs Cap Off Strong Two-Quarter Gains

September 30, 20201 min read

U.S. markets and stock exchange traded funds jumped Wednesday on hopes for a new coronavirus pandemic relief package, along with upbeat economic data, as the major benchmarks were on pace for their best two-quarter gains in 11 years.

On Wednesday, the Invesco QQQ Trust (NASDAQ: QQQ) increased 0.6%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was up 0.9% and iShares Core S&P 500 ETF (NYSEArca: IVV) rose 0.6%.

“The real thing that’s pushing the markets higher today is hopes for additional stimulus,” Robert Pavlik, chief investment strategist at SlateStone Wealth LLC, told Reuters. “But you combine that with good economic news and throw in quarter-end window dressing, you end up with a market that’s up as opposed to where futures were headed last night after the debate.”

The S&P 500 and Nasdaq Composite both enjoyed a string of record highs in July and August before pulling back on uncertainty

money

Gov. Whitmer signs $62.7 billion Michigan budget for 2021, highlights money for mothers

September 30, 20201 min read

It was not the process anyone wanted or expected, but Gov. Gretchen Whitmer said Wednesday everyone did the best they could to finalize a budget during a pandemic that created massive economic uncertainty.

Michigan rival college coaches join Gov. Whitmer with common message: ‘Mask up’

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“In an ordinary year, there would be a lot more committee meetings, there would be a lot more opportunity to weigh in, and yet because of COVID-19 and the incredible public health crisis, we’ve had unique challenges to address here,” Whitmer said.

Gretchen Whitmer standing in front of a building: Gov. Gretchen Whitmer speaks during the Aretha L. Franklin Memorial Highway dedication ceremony in Detroit, Monday, August 24, 2020.

© Junfu Han, Detroit Free Press
Gov. Gretchen Whitmer speaks during the Aretha L. Franklin Memorial Highway dedication ceremony in Detroit, Monday, August 24, 2020.

“I recognize that, in an ordinary year, there’s a lot more ability for the public to participate. I regret that that wasn’t able to happen in the midst of all the crises that

business

Coronavirus forces Fed to extend ban on bank stock buybacks, dividends

September 30, 20201 min read

The Federal Reserve expects to hold interest rates near zero through 2023 to bolster U.S. economy. FOX Business’ Edward Lawrence with more.

Big banks such as JPMorgan and Wells Fargo will have their hands tied for the rest of the year when it comes to buybacks and dividend hikes as the coronavirus remains a headwind for the economy.

Ticker	Security	Last	Change	Change %
JPM	JP MORGAN CHASE & CO.	96.27	+0.92	+0.96%
WFC	WELLS FARGO & COMPANY	23.51	+0.25	+1.07%
XLF	FINANCIAL SELECT SECTOR SPDR ETF	24.07	+0.32	+1.35%

The Federal Reserve is extending its ban on both citing the pandemic, policymakers disclosed late Wednesday.

FED TO KEEP RATES NEAR ZERO THROUGH 2023 TO ASSIST ECONOMY

In recent months, Chairman Jay Powell has spoken frequently about the uncertainty COVID-19 has placed on the U.S. economy and the need for further stimulus.

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The

money

Here’s what we know about how big your second relief payment may be

September 30, 20201 min read

Could you possibly get a second stimulus check before the election on Nov. 3 if you qualify, and how much could that check be worth?

text: We help you estimate the maximum amount that could end up in your bank account if another stimulus payment arrives. Angela Lang/CNET

© Provided by CNET
We help you estimate the maximum amount that could end up in your bank account if another stimulus payment arrives. Angela Lang/CNET

After a prolonged stalled out, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have reignited negotiations to pass another coronavirus rescue package There’s still hope of another round of payments could end up in the pockets of Americans. House Democrats have a new relief proposal worth $2.2 trillion that includes a check as well as other items like $600 per week in federal unemployment benefits. What’s more, it may be voted on as soon as this week. If it actually passes the House, the Senate could vote on it or Senate Majority Leader Mitch McConnell may choose to

business

Anthem to pay nearly $40M settlement over 2015 cyberattack

September 30, 20201 min read

INDIANAPOLIS (AP) — Health insurer Anthem has agreed to another multimillion-dollar settlement over a cyberattack on its technology that exposed the personal information of nearly 79 million people.

The Blue Cross-Blue Shield insurer said Wednesday that it will pay $39.5 million to settle an investigation by a group of state attorneys general. Anthem said it was the last open investigation into the attack.

The company also agreed nearly two years ago with the U.S. Department of Health and Human Services to pay $16 million to settle possible privacy violations.

Indianapolis-based Anthem Inc. provides health insurance coverage to more than 42 million people in several states, including key markets like California and New York.

MBA BY THE BAY: See how an MBA could change your life with SFGATE’s interactive directory of Bay Area programs.

The company discovered the data breach in early 2015 after hackers had been burrowing into its systems

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