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These alternative investments are attracting millennials amid economic woes

Published Fri, 27 Dec 2024 22:55:15 GMT

The collapse of Silicon Valley Bank (SVB) may feel like it happened a lifetime ago, but a new survey analyzed by Moneywise reveals that it may be partly responsible for spooking investors, particularly millennials, into thinking twice about putting their money into traditional investment vehicles during times of high inflation.A recent survey by retirement resource company Retirement Living discovered that 43% of millennials made alternative investments between October 2022 and March 2023, right around the time of the SVB collapse. Since the bank's failure, 1 in 4 survey respondents reported an increased interest in alternative investments. Ex-First Republic Bank employee sentenced for sabotaging former employer’s computer network More than three-quarters (78%) of survey respondents made investments during that six-month period, but of those only one-third were alternative investments.The most popular alternative investments among survey respondents were in cryptocurrency, collect...

Security guard killed at Oakland 7-Eleven identified

Published Fri, 27 Dec 2024 22:55:15 GMT

(KRON) -- A security guard who was shot and killed at a 7-Eleven in Oakland Friday night has been identified as 59-year-old James Johnson, the Oakland Police Department said. Johnson was shot and killed while on the job Friday night at the 7-Eleven located at 2350 Harrison Street. Scott Fisher charged with murdering San Francisco tech worker Officers and paramedics responded to the 7-Eleven around 10:15 p.m. Friday. The victim, Johnson, was pronounced dead at the scene.An investigation revealed that Johnson was trying to prevent an individual from taking items from the store. That individual, police said, brandished a firearm and shot Johnson before fleeing the scene in a vehicle. Employees at the 7-Eleven where Johnson worked said he was well-known in the area and actually lived in a building behind the store. On Monday, members of the community, like Ana Quinones, left flowers outside the store to honor Johnson's memory."I miss him so much. I want justice for him," Quinones said...

Canadian police charge man accused of selling deadly substance with 14 new murder charges

Published Fri, 27 Dec 2024 22:55:15 GMT

TORONTO (AP) — Canadian police said Tuesday they are charging a man with 14 counts of second-degree murder along with the previously announced 14 charges of aiding suicide for allegedly selling lethal substances on the internet to people at risk of self harm.An international investigation is underway following the arrest in Canada earlier this year of Kenneth Law, who was initially charged with two counts of counseling and aiding suicide.Canadian police say Law, from the Toronto area, used a series of websites to market and sell sodium nitrite, a substance commonly used to cure meats that can be deadly if ingested. He is accused of shipping them to people in more than 40 countries. British police said they are investigating the deaths of 88 people in the U.K. linked to the websites. Authorities in the United States, Italy, Australia and New Zealand also have launched investigations.York Regional Police Inspector Simon James announced the new charges against Law, and said all charges...

Italian defender Giorgio Chiellini announces his playing retirement from LAFC at 39

Published Fri, 27 Dec 2024 22:55:15 GMT

LOS ANGELES (AP) — Italian defender Giorgio Chiellini has retired from professional soccer after a 22-year career.The 39-year-old Chiellini’s decision was announced Tuesday by Los Angeles FC, his club for the past 1 1/2 seasons following 17 years at Juventus. Chiellini also announced his decision on social media, calling his career “the most beautiful and intense journey of my life.”Chiellini won nine consecutive Serie A titles at Juventus and was named the Italian league’s top defender three times. His club won five Italian Cups and five Italian Super Cups during his tenure at the Turin powerhouse.Chiellini then played a major role at LAFC, which won the MLS Cup title and Supporters’ Shield in 2022 before reaching the MLS Cup championship game again last weekend, falling to Columbus 2-1. LAFC also reached the CONCACAF Champions League final this year.“Giorgio is the best defender of his generation and an even better person,” LAFC general manager John Thorrington s...

Charlotte FC names Dean Smith as its new head coach for the MLS team

Published Fri, 27 Dec 2024 22:55:15 GMT

CHARLOTTE, N.C. (AP) — Charlotte FC owner David Tepper has hired new coach with a very familiar name as his Major League Soccer team’s new coach in Dean Smith.This Smith is an Englishman who brings more than a decade of managerial experience in the English soccer system. He is no relation to the late, national championship winning men’s basketball coach at North Carolina, according the team.Smith may be best known for leading Aston Villa back to the Premier League in 2019. Smith takes over for Christian Lattanzio on Nov. 8 after one season and the team’s first MLS playoff appearance.Smith said he was honored to take the job and is planning for the 2024 season.“Throughout the interview process, it was clear that this is an ambitious club with the right ingredients for success,” Smith said in a statement.Tepper said he was confident that Smith’s “leadership and experience will help elevate our club beyond its first playoff appearance into a championship team.”___AP M...

Sharp disagreements over future of planet-warming fossil fuels at UN climate talks in Dubai

Published Fri, 27 Dec 2024 22:55:15 GMT

DUBAI, United Arab Emirates (AP) — A standoff between countries that want a dramatic phase-out of planet-warming fossil fuels and those that don’t pushed a critical climate summit officially into overtime on Tuesday. But organizers were about to float another try at compromise.The United Nations-led summit known as COP28 was supposed to end Tuesday afternoon after nearly two weeks of speeches, demonstrations and negotiations. But the climate talks almost always run long, and Monday’s release of a draft agreement angered countries that insist on a commitment for rapid phase-out of coal, oil and gas. Another compromise version of the cornerstone document, called the global stocktake, was being prepped Tuesday evening, along with side potential agreements about adaptation and financial aid to poor nations. Delegates, analysts and activists hadn’t yet had a chance to see just what’s in the latest proposal from the presidency run by host nation United Arab Emirates, but...

Suspect in fatal grocery store shooting leaves behind debit card, leading to his arrest

Published Fri, 27 Dec 2024 22:55:15 GMT

GARY, Ind. (AP) — A debit card left behind at the scene of a fatal shooting helped police in Gary track down and arrest a man suspected of killing a fellow customer at a grocery store.The violence Monday evening was caught on the store’s surveillance camera, in which the two men in their 40s get into a fight near the check-out counter. One man is seen pulling out a gun and shooting the other, a 48-year-old Gary resident. The shooter then picks up his items, walks around the victim’s body and exits the store.Witnesses told police the suspect forgot his debit card at the cash register. Officers were able to identify him as a 44-year-old from Gary, and he was arrested while walking not far from the grocery store, police said.Gary, a rust-belt city on the shore of Lake Michigan southeast of Chicago, has struggled with crime and unemployment as its fortunes fell with the declining steel industry. Source

US safety agency closes investigation into Jeep Compass engines shutting down

Published Fri, 27 Dec 2024 22:55:15 GMT

U.S. auto safety regulators have closed an investigation into complaints that engines on some small Jeeps can shut down while being driven.The National Highway Traffic Safety Administration said Tuesday it will not seek a recall of about 229,000 Jeep Compass SUVs from the 2019 and 2020 model years.The agency opened the probe in December of last year after getting 15 complaints that drivers have gotten dashboard messages saying their coolant temperature is too high, followed by an immediate engine shutdown.But an investigation found that the failure rate was low and that the SUVs can normally be restarted immediately after the engine shuts down. The agency found only one allegation of a crash and no injuries. The agency says its investigation agreed with Jeep maker Stellantis’ conclusion that once the engine shuts down, the SUVs can be put in park and restarted with no issues. Source

1 arrested after alleged carjacking, assault in Commerce City

Published Fri, 27 Dec 2024 22:55:15 GMT

DENVER (KDVR) — Several police officers responded to a scene near the Reunion neighborhood in Commerce City where one person was allegedly arrested.FOX31's Jim Hooley was the first reporter at the scene and spoke to witnesses who were working near 96th Avenue and Tower Road when the incident happened around 10 a.m. on Tuesday.According to the witnesses, a Lexus came speeding by before coming to an abrupt stop. The workers told Hooley that a woman jumped out of the driver's side and a man jumped out of the passenger's side. That is when the man allegedly ran over to the driver's side, grabbed the woman and threw her to the ground. Over a dozen car windows smashed in Arvada neighborhood Witnesses claim the man took out what appeared to be a lighter and tried to light the woman on fire. The witnesses said it appeared to be a carjacking. Hooley said the woman was taken by Commerce City police, but her condition is unknown at this time. The man was taken into custody. FOX31 has reached...

Colorado ranks dead last for housing competitiveness: Report

Published Fri, 27 Dec 2024 22:55:15 GMT

DENVER (KDVR) -- A report released by the Common Sense Institute claimed that Colorado ranks dead last in terms of housing competitiveness nationwide.The Centennial State ranked at No. 51 on a list that includes all 50 states and Washington, D.C. when it came to housing competitiveness. This ranking includes factors like the housing shortage to population ratio and the number of hours required to pay mortgage and rent.This is not new, according to the report, as Colorado has ranked last in all but one of the last seven years. These new Colorado laws go into effect in 2024 In 2021, Colorado ranked No. 50 and Utah was last.According to the report, it now takes 96 hours of work at the median wage to afford the mortgage of a median-priced home, up from the 44 hours of work it took in 2011.It also takes 86 hours of work to pay the median rent in the state.The report pointed out that fewer condos are being built, especially relative to the number of apartments being built. It said that,...