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U.S. and world news for July 18

https://youtu.be/PicdK7qzQ6U Uvalde shooting report: A report by a committee of the Texas House of Representatives on the mass shooting at Robb Elementary School in Uvalde, Texas,...

Small business picture still grim during post-pandemic recovery

One recent survey found that 44% of small business owners have less than three months’ cash reserves – a particularly worrisome situation should another Covid-related shutdown or other emergency arise.

Avalon Bronxville sold to Goldman Sachs fund

The property was built in 1999 and renovated in 2012.

Mastercard joins growing chorus of disapproval over GOP attempts to overturn...

Meanwhile, security is being beefed up around Albany and Hartford in the wake of FBI warnings that more potentially violent protests are in the making in all 50 states.

Ex-Trump economic chief Gary Cohn joins IBM as vice chairman

Cohn was the former president and chief operating officer at Goldman Sachs.

Interactive Brokers Group to add 70,000 accounts through acquisition

The Greenwich firm has signed an agreement to acquire the self-directed retail brokerage operations of Folio Investments.

Unemployment insurance claims total 55.1M as another 1.2M Americans file

The 20-week total of new claims for unemployment benefits during the Covid-19 pandemic rose to 55.1 million in the week ending Aug. 1, with 1,186,000...

David Lehman confirmed as Connecticut’s DECD commissioner

Lehman’s tenure at Goldman Sachs, which coincided with the 2008 subprime mortgage crisis, had been the subject of much debate.

Lamont taps Goldman exec to oversee state’s new economic development strategy

David Lehman, a managing director at Goldman, will serve both as the state’s new commissioner of the Department of Economic and Community Development  and as the governor’s senior economic adviser.

Arch Street Capital Advisors in new joint venture buying industrial properties

Goldman Sachs will provide the venture with a financing line of credit facility.

New York offering data to combat blight in cities

Cities can use the code enforcement records, tax liens, and fire and police records to develop strategies to revitalize neighborhoods.

Newburgh land bank gets $2 million to provide affordable housing

The attorney general is funding state land banks with money from settlements with large banks implicated in the housing crisis.

Goldman Sachs’ approach to online customers

New website gsbank.com aims to attract individuals and small businesses.

GE officially exits the banking business

The company has completed the sale of GE Capital Bank’s U.S. deposits to Goldman Sachs.

Serving those who served

Habitat for Humanity’s homebuilding initiative for military veterans draws score of volunteers to a Yonkers neighborhood.