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NEW: Supreme Court lets Trump administration end census count early. No explanation given. Sotomayor dissents.— Greg Stohr (@GregStohr) October 13, 2020 166
NEW YORK (AP) — It's no joker. The night sky all over the world is lighting up Saturday with an illumination of the famed bat insignia to mark a special anniversary for Batman.DC Comics is carrying off a celebration of Batman Day to mark the 80th anniversary of the appearance of crimefighter Bruce Wayne and his masked hidden identity.Fan gatherings are planned all over the world. But the most ambitious party plan is the illumination of the Batman signal.It will start at Fed Square in Melbourne, Australia. It will also appear in 13 cities, including Tokyo, Berlin, Rome, Paris, London, Sao Paulo and Johannesburg.It will light up at the Domino Sugar Refinery in New York City before making its final appearance in Los Angeles at City Hall. 752
NEW YORK — A federal appeals court ruled Wednesday morning that New York District Attorney Cyrus R. Vance Jr. can get access to President Donald Trump's personal and corporate tax returns.The ruling by a three-judge panel in New York rejected the president’s argument that the subpoena for his taxes should be blocked because it was too broad, and could be seen as political harassment from the DA.Vance says his office will not enforce the subpoena for 12 days in exchange for the president’s lawyers agreeing to move quickly, according to the New York Times.It has been over a year since the district attorney first subpoenaed eight years of Trump’s tax returns and other financial records as part of an investigation into the president’s business practices.Wednesday’s decision is the fifth time courts have rejected Trump’s attempts to block the subpoena. His lawyers are expected to appeal the ruling to the United States Supreme Court.Vance has not revealed the details of his office’s investigation, however court papers suggest they are looking at a range of potential crimes including tax and insurance fraud and falsification of business records, according to the New York Times. 1197
Neighborhoods all across America are at a crossroads by figuring out how to grow and develop, without abandoning the people who made the communities so great in the first place.One group of women in Atlanta are facing that exact problem. They're putting up a fight against a new development, and they say we can all stake a stand for what we believe.Michelle Schreiner and Princess Wilson are two of the women who live in Atlanta's Old Fourth Ward neighborhood. It's a neighborhood Wilson has seen change before her eyes.“When I was growing up, it was a predominantly African-American neighborhood,” Wilson says. “It was a black neighborhood, and everybody knew everybody there lived here.But when a developer announced plans for a new condo building, the women said enough was enough. The developer’s original plan was to build a 21-story property with 16 luxury condos, selling for million each. 908
NEW YORK (AP) — Uber shares sunk even further after its disappointing stock market debut as doubts lingered over the company's ability to turn a profit and trade tensions dragged down the overall market.The ride-hailing giant's stock fell 10% and hovered around Monday afternoon on Uber's first full day of trading.The mounting losses followed Uber's disappointing initial public offering. On Friday, it took a 7 million hit — the largest loss on the first day of trading by a U.S.-based company in recent history, according to Renaissance Capital.Uber's earliest investors are still making money off the IPO, but "for late-round investors, it's possible by the time they exit they will end up with a loss," said Jay Ritter, finance professor at the University of South Florida.Among the recent big investors — and perhaps losers — is PayPal, which had disclosed plans to buy 0 million in Uber stock at the IPO price of .Uber has had no trouble convincing venture capitalists to pour money into its earlier funding rounds, but with its unclear path to profitability, it's having a more difficult time with Wall Street investors."It's clearly a high-risk, high-reward scenario. You're betting on something that may happen 10 years down the road," said Matt Kennedy, senior IPO market strategist at Renaissance Capital, a manager of IPO exchange traded funds. "Public investors are looking at profits and not seeing any, and the company's growth in the last quarter was relatively strong, but I don't think it blew anyone away."Uber's main U.S. rival, Lyft, is in a similar spiral. Its stock was trading below on Friday, down 33% from its IPO price of .It's rare to see shares in a tech company hit so hard upon going public. Over the past five years, just 10% of similar companies finished their first day of trading below their IPO price, Kennedy said.Uber's revenue last year surged 42% to .3 billion, but the company admits it could be years before it turns a profit. 2000
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