Arson suspect arrested after fire destroyed four Palm Desert businesses identified

A 30-year-old woman was arrested and is facing charges for allegedly causing a fire in Palm Desert that destroyed four businesses Sunday morning. The businesses, including Papa Dan’s Pizza & Pasta, D’ Coffee Bouteaque, Reverse Mortgage Works and Miracle-Ear Hearing Aid Center, were part of a strip mall that was completely destroyed by the spreading … Read more

Heavy rains cause rare flooding in Dubai

Heavy rains battered parts of the Middle East on Tuesday, closing schools in the United Arab Emirates and flooding the tarmac at Dubai International Airport. In Oman, at least 18 people have died in recent days due to the severe weather. The storms swamped roadways and created dangerous conditions across the region, a normally arid … Read more

Dow Jones Futures Rise After Stocks Shrug Off Powell; Super Micro Flashes Buy Signal

Dow Jones futures rose slightly after hours, along with S&P 500 futures and Nasdaq futures. Chip-equipment giant ASML (ASML) reports before Wednesday’s open. X The ailing stock market rally had a relatively quiet Tuesday. The major indexes closed narrowly mixed. Fed chief Jerome Powell said Tuesday afternoon that recent data shows “a lack of further … Read more

Drought-hit Colombia halts export of electricity to Ecuador

Colombia has halted electricity exports to neighboring Ecuador as its hydropower plants reach near-critical levels due to a biting drought, the government said late Monday. The severe dry spell, associated with the El Nino climate phenomenon, has also led to water rationing that is affecting 10 million people in the capital Bogota and surrounds. Mining … Read more

Senate Democrats In Tough Races Out-Raise GOP Rivals

Democrats in battleground Senate races across the country virtually all raised more than their Republican opponents in the first quarter of this year. The fundraising edge spanned the country and across different kinds of candidates. Democratic incumbents in Nevada, Ohio, Montana, Pennsylvania and Wisconsin; candidates in open races in Michigan, Maryland and Arizona; and challengers … Read more

Three REITs With New Downgrades This Week

Three REITs With New Downgrades This Week It’s difficult for investors when analysts downgrade their stocks. But there are many reasons for an analyst downgrade. Sometimes a stock has risen to the point where the analyst feels it’s no longer a good value relative to its price. At other times, competition, a perceived downturn in … Read more