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Danielle Ray  |  Special to The Landmark STERLING — Young Adults Helping Out Others, otherwise known as Y.A.H.O.O., celebrates 20 years of helping senior community members this month. Kevin Beaupre and his late wife, Lisa, started Y.A.H.O.O in April 2001 after being inspired by their son with the mission to help seniors in Sterling with yard work in the spring and fall. Two decades later, the organization is still thriving and has helped hundreds of seniors. Adult mentors Karen and Stuart… Source link

New weekly jobless claims dropped from the prior week’s upwardly revised level to a fresh pandemic-era low last week, with the accelerating pace of COVID-19 vaccinations in the U.S. helping support the labor market’s recovery.  The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended April 24: 553,000 vs. 540,000 expected… Source link

Yandex said on Thursday it had agreed to buy mid-sized bank Acropol for 1.1 billion roubles ($14.8 million), a move that will secure a banking licence for the Russian internet company so that it can develop financial services. Yandex has sought a means to develop its fintech offering after its split from a joint venture with state lender Sberbank last summer meant it ceded control of e-payment service Yandex.Money. In October, a $5.48… Source link

Stock futures pointed to a higher open Thursday morning as investors considered a batch of stronger-than-expected earnings results from major companies and a sweeping set of proposals from President Joe Biden aimed at revamping the country’s infrastructure and supporting families, children and students.  Contracts on the S&P 500 added 0.7%, and the index was on pace to open at an all-time high. Dow futures gained more than 150 points, or 0.5%, while contracts on the Nasdaq gained about… Source link

Bloomberg HNA Group Assets Attract Interest From Fosun, JD.com (Bloomberg) — Fosun Group and an arm of JD.com Inc. are among suitors considering investing in domestic operations of HNA Group Co. as the indebted Chinese conglomerate is reorganized after being placed under government control, people with knowledge of the matter said.Ping An Insurance Group Co., Juneyao Airlines Co. and Air China Ltd. have also been studying HNA’s assets, the people said, asking not to be identified because… Source link

Apple (AAPL) reported its Q2 2021 earnings after the closing bell on Wednesday, blowing away analysts’ expectations on the top and bottom line. Revenue was up a whopping 54% year-over-year on strong hardware sales in the quarter. Still, executives on Apple’s conference call warned of the impact of the ongoing global chip shortage on Apple’s hardware business. Supply constraints could have a revenue impact of $3 billion to $4 billion in the June quarter, Apple’s CFO Luca Maestri said on the… Source link

After a blowout quarter from tech giant Apple, Goldman Sachs’ long-time bearish analyst covering the stock is admitting defeat.  “We are upgrading our rating from Sell to Neutral after Apple posted another large beat and implied a raise vs. our June revenue expectations. Our original view that the iPhone cycle would disappoint in the midst of COVID was clearly wrong. Not only has Apple done better than we expected on iPhone during the cycle but Mac and iPad have also materially outperformed… Source link

Districts who have purchased Google Workspace for Education Plus and use Clever will be able to sync rosters directly to Google Classroom from any Student Information System. Once a school technology administrator sets up Google Classroom via Clever, teachers will no longer need to manually create and invite students to join their classes, saving teachers time and enabling them to focus on what they do best: helping students reach their full potential. As the global pandemic drove… Source link

Bloomberg Bonds Beat Stocks at Pension Funds, Turning 60/40 Inside Out (Bloomberg) — The debate over the traditional 60/40 portfolio seems endless, but for pensions at least, it’s over — and bonds won.The retirement funds of the top 100 U.S. public companies, with combined assets of about $1.8 trillion, have ratcheted up their fixed-income allocations to a record level. At the end of their last fiscal year, they held 50.2% of assets in debt, while slashing money parked in equities to an… Source link

Bloomberg Shock and Tears: Behind Vanguard’s Retreat From China Market (Bloomberg) — Vanguard Group Inc. staff who dialed into a video call from their desks on the 40th floor of the Shanghai World Financial Center last month were expecting a morale-boosting speech from regional head Scott Conking on how the U.S. fund giant would tackle the Chinese market after years of preparation.Instead, Conking said the $7 trillion money manager was abandoning its push for a mutual fund license. The firm… Source link