Tag: bit

Stocks rise on Wall Street, clawing back bit of 4-week slump

U.S. stocks are rallying Monday, as Wall Street claws back some of its sharp and sudden September losses

NEW YORK — U.S. stocks are rallying Monday, as Wall Street claws back some of its sharp and sudden September losses.

The S&P 500 was 1.5% higher in late morning trading, following up on its first four-week losing streak in more than a year. Momentum has been ultra-quick to shift recently, though, and the market has had several early gains quickly vanish. The S&P 500’s gain for Monday has already veered between 1% and 1.8%.

The Dow Jones Industrial Average was up 458 points, or 1.7%, at 27,634, as of 11:32 a.m. Eastern time, and the Nasdaq composite was 1.4% higher.

One of the

Read More

Apple Loosens App Store Rules a Bit After Developer Backlash

Bloomberg

Apple’s Rising Class of Leaders Will Shape a Post-Tim Cook Era

(Bloomberg) — Apple Inc. Chief Executive Officer Tim Cook and his top deputies are focusing greater attention on developing a new generation of leaders to eventually run some of the iPhone maker’s most important divisions such as hardware development, services and marketing.As Cook begins his 10th year at the helm, his management group is filled mostly with senior vice presidents who have worked at Apple for more than two decades, made tens of millions of dollars and are at or near the ages of 55 to 60 when many previous executives have stepped aside. That, along with typical corporate planning, has spurred the Cupertino, California-based company to cultivate its next class of top managers, said people familiar with the matter who asked not to be identified talking about internal company discussions. Apple declined to comment.Cook, who took over

Read More

Friends open BIT Brewery in Central City

Scott Whitson and his friends Jason Levenhagen and Jeff Hempstead have been brewing beer together for about a decade and talking about opening their own brewery for about six years. But they never planned to open their business, BIT Brewery, during a pandemic. Still, since they opened in July they’ve been making the best of things as the first brewery and one of a handful of restaurants in Central City.

“It is what it is. COVID allowed us to have a little bit more time to open, but it is the time of COVID, so that hasn’t been awesome for business,” Whitson said. “But it has been OK. We have people coming from Cedar Rapids and surrounding communities. And people in Central City have been very supportive.”

He said the brewery serves enough food to be exempt from Gov. Kim Reynold’s proclamation shutting bars due to the coronavirus, and they

Read More

Museum of Fine Arts shares plan for reopening: ‘We chose to slow down a bit’

But now, after the longest closure in modern memory, the MFA will open its doors on Sept. 26, welcoming back a public buffeted by economic malaise, social unrest, and the ongoing health crisis.

The MFA has not been immune — the museum recently shed more than 100 employees — and in many respects returning visitors will find an institution still bearing down against the virus, even as it brings renewed urgency to questions of cultural primacy in an age when legacy institutions find themselves under enormous pressure to be more inclusive.

Those twin imperatives are on plain view in the MFA’s phased reopening plan, which initially will include only the Art of the Americas Wing and two special exhibitions that opened prior to the shutdown: the teen-curated “Black Histories, Black Futures,” and “Women Take the Floor,” which highlights overlooked work by women drawn mainly from the MFA’s collection. (The museum

Read More