TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” second-quarter investor letter. A copy of the same can be downloaded here. The equity markets performed well in the second quarter, as long as one held only a small number of the biggest, fastest-growing U.S. stocks. Given the Magnificent Seven’s superior performance, differences in growth and value among large caps were downplayed. There wasn’t much style diversity between mid-caps, small caps, or outside the U.S. In the second quarter, the strategy returned -2.94% (gross) and -3.14% (net) while the Russell Midcap Growth Index returned -3.21%.…
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In the heart of Detroit’s North End, Parks Old Style Bar-B-Q has borne witness to the neighborhood’s metamorphosis.After 60 years in business, the family-owned barbecue joint has seen high density and pervasive vacancy in the neighborhood. It has seen foot traffic brought by plant workers at nearby factories and the late-night culture that came with it. Second-generation owner Rod Parks remembers the days hungry laborers would venture to Parks Old Style for slabs of pork ribs served with soft white bread as late as 2 a.m. at the end of overnight shifts.And yet today, the takeout restaurant lurks in the…
Moderna’s (NASDAQ: MRNA) struggles may last a little longer than expected. The biotech company had seen both sales and its stock price plummet as demand for its coronavirus vaccine waned, but seemed to be on the road to recovery. It won approval for its new respiratory syncytial virus (RSV) vaccine, reported positive data from trials of late-stage candidates, and even saw its shares climb about 20% in the first half of the year.But Moderna’s news hasn’t been as bright recently. Last month, the company revised coronavirus vaccine revenue downward due to lower sales. And in its update this week, the…
ST. LOUIS COUNTY, Mo. – There was a stunning twist in court Friday when a defendant who asked for a bond reduction ended up getting his bond doubled.It involved a case first reported on July 30, when Scarlette Russell arrived home after a month in the hospital. She’s paralyzed from the waist down after being shot in her back in the Maryland Heights Westport Comfort Inn parking lot.Police arrested her ex-boyfriend, 28-year-old Lashawn Wooten.While Russell fights to walk again and has to be carried up to her second-floor apartment, defendant Wooten has asked for a break.CloseThanks for signing up!Watch for…
CHICAGO — After a moment of silence for those lost in the line of duty and a flyover by the Chicago Fire Department’s helicopter, Chicago police and firefighters took to Wrigley Field in a friendly rivalry that spans back decades.CFD took the field donning “Bravest” uniforms, while the Chicago Police Department rocking “Finest” across their chest in the annual CFD vs CPD baseball game.“Hopefully [we’re] kicking some butt tonight,” said Chicago firefighter Tony Budvaitis before the game.“We have no lives, we just like to play baseball on our off time,” added Chicago police officer Vincent Macias.But rarely is that off-time…
Evidence — including a bombshell indictment this week of a senior New York political figure — is mounting that China is not content to run a police state just at home but is extending a long arm of repression and subversion into the United States, seeking to intimidate protesters, harass critics and silence dissent. China is using subterfuge and coercion to bully people on U.S. soil, openly defying American rights guarantees and rule of law. This behavior is a threat to open societies everywhere and cannot be allowed to continue without a strong response. Another recent example: Revelations…
Wells Fargo’s Anti-Money Laundering Compliance: Analysts See Minimal Impact on Growth Despite Regulatory HurdlesWells Fargo & Company (NYSE:WFC) shares are trading higher on Friday. On Thursday, the U.S. Office of the Comptroller of the Currency (OCC) entered into a formal agreement with the company as related to its anti-money laundering (AML) and sanctions risk management practices.Wells Fargo issued a statement Thursday announcing a new agreement, which will require enhancements to the bank’s AML and sanctions risk management practices, obtaining the OCC’s acceptance of Wells Fargo’s program for assessing the AML and sanctions risks of new offerings and providing notice to the…
Baltimore City sends millions of dollars to a nonprofit youth fund every year without a routine auditing structure, leaving little accountability for how taxpayer money is being spent via the organization.The Baltimore City Children and Youth Fund was established in the wake of the death of Freddie Gray. The brainchild of then-City Council President Jack Young, the fund was intended to address “inequities” in Black communities across Baltimore. The city contracted with Associated Black Charities, a local nonprofit, to administer the fund.Baltimore voters approved a charter amendment in 2016 that guaranteed city money be sent to the fund on an…
No one likes to watch their investments lose money, but downward market volatility can feel particularly scary for people who plan to retire in the near future. Their anxiety is understandable. They’ve spent their careers building their nest eggs and now — at a time when they plan to give up their income-producing jobs — they face the prospect of living off less money than they had envisioned. Fortunately, it’s rarely as simple as that. As with all things financial, it’s important to look at the big picture. If you’re nearing retirement and worried about market volatility, keep…
CINCINNATI — The Bengals won’t have wide receiver Tee Higgins (hamstring) or rookie defensive tackle Kris Jenkins (thumb) for Sunday’s action against the Chiefs.Kansas City relatively healthy on their end, with only wide receiver Marquise Brown missing practice this week amidst news he’s headed to injured reserve.Check out the rest of the final injury report entering the big road contest:DOUBTFUL: Higgins, Amarius Mims (pectoral), Tanner Hudson (knee)OUT: Jenkins.@KetteringHealth Injury Report for #CINvsKC pic.twitter.com/LDV2gHOkGc— Cincinnati Bengals (@Bengals) September 13, 2024Bookmark Bengals Talk for the latest news, exclusive interviews, film breakdowns and so much more! For more on the Bengals, subscribe to our YouTube Channel.You May Also Like:Zac…