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Saturday, September 26, 2020  Spokane, Washington  Est. May 19, 1883
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Briefs for Saturday

UPDATED: Fri., July 24, 2020

Spokane Valley-based Veradale Self Storage has become a U-Haul neighborhood dealer.

Under the partnership, Veradale Self Storage, at 16714 E. Sprague Ave., is providing moving supplies, self-storage options and U-Haul truck rentals.

Business hours are 9:30 a.m.-5 p.m. Monday-Friday and 9 a.m.-3 p.m. Saturday.

China concerns sink stocks

U.S. stocks fell for a second day on concern over escalating Chinese-American tensions and worries the recovery in the world’s largest economy has stalled. Spot gold topped $1,900 an ounce for the first time since 2011.

The S&P 500 turned lower for the week and the Nasdaq 100 hit a three-week low.

Goldman Sachs settles for $3.9B

Goldman Sachs said that it had reached an $3.9 billion settlement with Malaysia to resolve criminal charges that the bank was involved in a massive scheme to launder billions from one of the country’s investment funds.

U.S. and Malaysian investigators have said roughly $4.5 billion was misappropriated from 1Malaysia Development Berhad, called 1MDB, a fund intended to fuel economic development projects for Malaysia.

It was instead used to pilfer funds for yachts and expensive homes, and even help finance Jordan Belfort, the “Wolf of Wall Street.”

From staff and wire reports

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