Author: theparknews

Former President Jimmy Carter is “talking politics again” after Vice President Kamala Harris became the top Democratic candidate.”After my grandmother passed away, my father went through a long period of decline where he showed very little interest in politics,” his eldest grandson, Jason Carter, told The Washington Post, “but now he’s talking about politics again.”Two family members told the paper that Carter’s health had been declining since the death of his wife, former first lady Rosalynn Carter, in November last year, and he had been in hospice care for 18 months.”That’s sad,” he said of President Joe Biden announcing that…

Inside the massive caverns of Carlsbad Caverns National Park in New Mexico, visitors are only allowed to drink water. Cheetos are banned, and a recent visitor to the park dropped a bag full of them, causing a “significant impact” to the cave’s ecosystem, the park said in a Facebook post on Friday.”From a human perspective, a spilled snack bag may seem like a small thing, but to cave creatures it can be a world-changing event,” the park said in a post about trash found on the side of the road in the Big Room.”The processed corn softened in the cave’s…

Lucchese Bootmakers, the Texas-born retailer whose handmade luxury boots sell for thousands of dollars, is coming to Arlington’s Entertainment District.According to state filings, the company plans to build a 3,600-square-foot space at Choctaw Stadium, the former home of the Texas Rangers that is being redeveloped to include restaurants, office space and retail. Arlington owns Choctaw Stadium and leases it to the Texas Rangers.Lucchese’s $350,000 project is expected to break ground in November and open in fall 2025.Cindy Carper reaches out to inspect a boot at Lucchese Bootmakers at The Domain on Aug. 22, 2024 in Austin, Texas.Lucchese was founded in…

Sen. Kamala Harris is set to unveil a new policy proposal Wednesday that would give a $50,000 tax credit to small businesses looking to start up their businesses.A centerpiece of her new plan is the small business tax credit currently in the tax law, which allows aspiring entrepreneurs to deduct up to $5,000 for start-up expenses and other costs.Harris’ proposal would increase that by 10 times and is due to be formally unveiled on Wednesday, when the vice president is expected to further outline his economic vision during a stop in Portsmouth, New Hampshire.She will also announce an overall goal…

A monthly revision to the August jobs report showed a combined 86,000 lower revision to payrolls in June and July, but one economist told Yahoo Finance’s Morning Brief that the revision doesn’t necessarily signal further weakness.”This confirms the cooling trend that we all saw,” said Joe Brusuelas, chief economist at RSM. “I don’t think there’s a risk of a tornado in the labor market.”Brusuelas noted that an increase of around 100,000 jobs would be enough to stabilize the unemployment rate.”Going forward, we expect this trend to stabilize at around 100,000 per month,” he said. “In a state of full employment,…

This seems self-defeating. Unionized steelworkers have effectively blocked a takeover of U.S. Steel by Japan’s Nippon Steel, leaving U.S. Steel, a symbol of the American heartland, shrinking and without good options. U.S. Steel CEO David Barritt has said that without a takeover, the company would have to close its unionized plants and move them from Pittsburgh to non-union southern states.But the whole issue is distorted by election-year politics, and a deal could still be reached if Japan doesn’t lose patience with U.S. idiosyncrasies. President Joe Biden, Vice President Kamala Harris and Republican presidential nominee Donald Trump are all opposed to…

The Federal Reserve cut interest rates for the first time in four years on Wednesday and is widely expected to set the course for future rate cuts.Investors are more hopeful for a half-percentage-point cut than a quarter-percentage-point reduction. Traders have been increasing bets in recent days that the central bank will cut rates by 50 basis points. As of Wednesday morning, federal funds futures were pricing in a more than 60% chance that the Fed would cut rates by 50 basis points, up from just 15% a week ago.”A 50 basis point Fed cut is realistic,” said Wilmer Stith, a…

U.S. stock futures surged on Thursday amid growing optimism that the Federal Reserve’s big interest rate cuts will lead to a “soft landing” for the U.S. economy.S&P 500 futures (ES=F) rose about 1.7%, while Dow Jones Industrial Average futures (YM=F) rose 1.2%, both on track to hit record highs. Tech-heavy Nasdaq 100 futures (NQ=F) rose 2.2%, leading the way.Stocks are rising as investors watch the Fed’s decision to kick off a new interest rate cycle with a 50 basis point cut. Indicators swung up and down after Wednesday’s policy announcement before closing lower.Wall Street has taken Fed Chairman Jerome Powell’s…

Ekarx Co., Ltd.SHANGHAI, Sept. 05, 2024 (GLOBE NEWSWIRE) — ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility technology company, and AMD, a leader in high-performance and adaptive computing, today congratulated Lynk & Co. on the first shipment of the Lynk & Co. Z10 flagship luxury sedan, which integrates ECARX’s Makalu® computing platform with AMD Ryzen™ Embedded V2000 processors. Dr. Lisa Su, Chairman and CEO of AMD, delivered the tribute via video at the Z10 launch event.The Lynk & Co Z10 will make its official debut in Sweden in June 2024, showcasing the strength of the Makalu®…

Toll Brothers Inc.DELRAY BEACH, Fla., Sept. 17, 2024 (GLOBE NEWSWIRE) — Toll Brothers Inc. (NYSE: TOL), the nation’s premier builder of luxury homes, today announced the upcoming opening of its newest community, Layton Pointe, in Delray Beach, Florida. This Toll Brothers luxury neighborhood will offer single-family home sites with a variety of luxury features and is expected to begin sales in spring 2025.Layton Pointe is an intimate community of new single-family homes offering elegant one- and two-story home designs. Living spaces range from 2,632 to over 4,187 square feet with three to six bedrooms, 2.5 to 5.5 bathrooms, and three-…