Posts shared on Facebook show an alleged screenshot of a Fox Business article with the headline “Kenosha car dealer kills himself after his insurance won’t cover a cent of the 2.5 million dollars of damages caused by the riots.” Created by a meme generator, this is a fake news story making a false claim.

Reuters Fact Check. REUTERS

Posts making this claim can be found here&set=a.1526216687617060&type=3&theater , here&set=a.4923828418315&type=3&theater , and here&set=a.1526216687617060&type=3&theater .

This claim has circulated amid unrest in Kenosha, Wisconsin following the filmed wounding of Jacob Blake, a Black man shot several times by a white police officer on August 23. As protests against police brutality flared, Wisconsin Governor Tony Evers ordered National Guard troops deployed to Kenosha on Aug. 24 ( here ) before declaring a state of emergency the following day ( here ). On Aug. 27, a teenager named Kyle Rittenhouse was charged in Aug. 25

Read More

Investors interested in gaining access to the stock and bond markets currently enjoy a wide variety of possibilities as the universe of exchange-traded funds (ETFs) has grown. For the most part, this growth in low-cost, easy-to-access ETFs has been a boon for investors. However, while gaining access to niche sectors of the market through these products has never been easier, the risk to investors getting burned in some of these funds has increased.

As the popularity of exchange-traded funds has grown, providers have begun to create more intricate securities. In general, ordinary investors should avoid these less-understood funds. Some of these newer, more complex products come with higher risks and are not appropriate for the average investment portfolio.

Understanding the difference between standard and complex funds

Most investors have a strong grasp on how exchange-traded funds operate. In a standard ETF, the value of the security will correlate exactly with

Read More

KENOSHA, Wis. (AP) — The owner of a camera shop that was destroyed during unrest in Kenosha and featured during President Donald Trump’s visit says the president used his store for political gain by appearing with a former owner of the business while touring the epicenter of the latest eruption over racial injustice.

Tom Gram said he bought Rode’s Camera Shop from the Rode family eight years ago, though John Rode still owns the property. Gram’s four decades of work at the store came to an end Aug. 24, when the building was destroyed by fire during protests over the police shooting of Jacob Blake.

Gram said Trump’s references to Rode as the owner of the business were deceptive. The White House, however, noted Tuesday that Rode and his family founded and built Rode’s Camera Shop before World War II and still own the building that houses the shop.

Gram

Read More

Updated

Read More

(Bloomberg) — A small Canadian company that sells soap and hand sanitizer has soared 164% this week after reporting an eightfold jump in profitability.

Loading...

Load Error

Acasta Enterprises Inc. is best known in Canadian finance as a former blank-check company that attracted the backing of some of the country’s most prominent executives — including two former bank CEOs — then plummeted in value. But this week the company, which sells its products to Walmart Inc. and CVS Health Corp., said it earned C$30.1 million ($22.7 million) in the second quarter, before interest, taxes, depreciation and amortization. That compared with C$3.6 million in Ebitda in the same quarter last year.

The results sent the stock from 70 Canadian cents to C$1.85 as of 10:24 a.m. Toronto time, giving Acasta a market value of C$137 million. That’s still just a fraction of the C$390 million it spent to buy its only remaining

Read More