Stock Market News for May 19, 2020

by  on  in Market

Wall Street rebounded impressively on Monday after last week’s disappointing performance buoyed by an encouraging early-stage clinical trial data for a potential coronavirus vaccine. Moreover, Fed Chairman, Jerome Powell’s promise of more stimulus to lift the pandemic-affected economy boosted investors’ sentiments. All three major stock indexes ended in the green.

How Did The Benchmarks Perform?

The Dow Jones Industrial Average (DJI) jumped 3.9% to close at 24,597.37. Notably, 29 components of the 30-stock blue-chip index ended in green while one finished in the red. Meanwhile, the S&P 500 climbed 3.2% to close at 2,953.91. The Energy Select Sector SPDR (XLE),

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COVID-19 has changed online shopping forever, survey shows

by  on  in Shopping News

The pandemic has accelerated the shift towards a more digital world and triggered changes in online shopping behaviours that are likely to have lasting effects

The COVID-19 pandemic has forever changed online shopping behaviours, according to a survey of about 3,700 consumers in nine emerging and developed economies.

The survey, entitled “COVID-19 and E-commerce”, examined how the pandemic has changed the way consumers use e-commerce and digital solutions. It covered Brazil, China, Germany, Italy, the Republic of Korea, Russian Federation, South Africa, Switzerland and Turkey.

Following the pandemic, more than half of the survey’s respondents now shop online

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Police: 3 hurt in Florida mall shooting as shoppers scatter

by  on  in Mall

MIAMI (AP) — A shooting at an upscale South Florida shopping mall that began as a fight between two groups of people left three persons injured Saturday afternoon and sent mall patrons fleeing, according to police and local reports.

Live aerial TV news footage showed mall patrons running from the Aventura Mall after reports of gunfire as law enforcement vehicles converged on the scene.

Aventura Police said two groups of people had begun fighting in the mall and then there was a shooting.

One individual in one of the groups produced a gun, and an individual in the other group

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Shoe Sensation expected to open new store in Marquette this Spring

by  on  in Shoe Store

MARQUETTE TOWNSHIP, Mich. (WJMN) – A new shoe store is coming to Marquette, which means more employment for the area.

The storefront between Ulta Beauty and PetSmart along US-41 has been empty since Shoe Dept. closed its doors in Summer 2020. This Spring, the footwear chain, Shoe Sensation, will soon fill the vacant building.

But what makes Shoe Sensation different from the previous shoe store that once occupied the lot?

“[We’re] definitely small town-focused. That’s our bread and butter,” said Theresa Borgen, the market president for Shoe Sensation. “We like the service side of things. we’re not a

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Man sentenced to 4 years in prison on charges related to 2020 shooting outside Americana mall in Manhasset

by  on  in Mall

A reputed Queens gang member will serve a 4-year federal prison sentence after a shooting last summer outside Americana mall in Manhasset that didn’t cause any injuries but put the posh shopping center on lockdown for an hour on a Saturday afternoon.

U.S. District Judge Joanna Seybert on Friday sentenced Yuri Oluh, 22, in a Central Islip courtroom following his November guilty plea to a charge of being a felon in possession of a firearm.

“You didn’t pull the trigger but you had the gun out,” the judge said.

She called the action a “severe threat to the community” and

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