Latest news with #BMOBank
CBS News
22-07-2025
- CBS News
Modesto police search for suspect after bank robbery in downtown
A search is underway for a suspect after a bank robbery and an attempted bank robbery in Modesto on Monday, police said. The bank robbery happened at Oak Valley Bank on I Street around 3 p.m. Police said a man walked in and handed the teller a note that said he had a bomb, but nothing was seen. The teller handed over money and the suspect took off. Police said the same suspect went to the BMO Bank on H Street and did the same thing, but was unable to take off with any cash. The suspect remains outstanding and police said there is no threat to the community. It's unknown how much money the suspect got off with.
Yahoo
20-06-2025
- Business
- Yahoo
Household Wealth Fell for The First Time In 2 Years. Here's Why It Will Bounce Back
After tariff fears hurt the stock market, household net worth decreased in the first quarter—the first time in almost two years. As the most extreme tariffs have been pulled back, stocks have bounced back in the second quarter. Stock gains will likely boost the net worth of higher-income households. But lower- and middle-income households that don't own stocks are unlikely to see those stocks fell sharply earlier this year as new tariffs were rolled out, the average American households' net worth fell for the first time in almost two years. Many, but not all of them, are expected to bounce back as the worst of the tariffs have been paused or rolled back. The Federal Reserve said last week that household net worth decreased to $169.3 trillion in the first quarter of 2025. That's a $1.6 trillion drop, and the first decline since the second quarter of 2023. Household net worth was at a record high in 2024's fourth quarter. The majority of this decline is likely attributed to the drop in stock values after President Donald Trump's tariff announcements worried investors and consumers. The S&P 500, a key indicator of how well American companies and their stocks are doing, fell by almost 20% from February to April. However, after Trump pulled back or temporarily paused the most extreme tariffs, the S&P bounced back and now stands only 1.5% below its peak in February. The market's recovery should help the roughly 60% of households that hold stocks recover a portion of their net worth in the second quarter, said Priscilla Thiagamoorthy, senior economist at BMO Bank. However, Thiagamoorthy said lower- and middle-income households are less likely to see a significant gain in their net worth as the stock market improves. "Lower- and middle-income families have far less invested in the stock market compared to the ultra wealthy," Thiagamoorthy said. "Higher stock values push up net worth, but these households aren't experiencing that wealth effect in the same way." Additionally, Thiagamoorthy said lower- and middle-income households still feel pinched by food inflation, which remains relatively high, since they typically spend a larger share of their income on groceries. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India Today
22-04-2025
- India Today
Indian-Fijian woman caught on video using racial slurs in California hate incident
A disturbing video from Pinole, California, has gone viral, showing a woman of Indian-Fijian descent repeatedly using racist slurs toward a Black woman. The incident occurred on April 13 in the parking lot outside Pear Street Bistro and BMO Bank. In just 12 seconds, the woman—identified as 34-year-old Natasha Chand — was heard using the N-word nine Garcia and her sister were leaving the restaurant when they noticed Chand, a senior banker at BMO, allegedly giving them a strange look. According to the Daily Mail, Garcia and her sister confronted Chand and began recording. That's when Chand started mocking Garcia's appearance and shouting racial slurs. Police confirmed that the viral 15-second clip was just a small part of a longer Police are now treating the confrontation as a hate incident. Sergeant Justin Rogers told the Daily Mail that the case will be referred to the Contra Costa District Attorney's Office for possible charges, which could include disturbing the peace and provoking a fight in public—potentially for both Chand and Garcia. This is not Chand's first run-in with the law. She was arrested two months ago for allegedly shoplifting from an Ulta Beauty store in nearby Concord on four separate occasions. She currently faces charges including felony grand theft, second-degree burglary, and multiple counts of shoplifting. Notably, she reportedly appeared in court for that case just hours before the racist incident has triggered widespread outrage on social media, with many demanding stronger action against hate speech. Some confusion initially followed the video as incorrect reports misidentified Chand, but police have since confirmed her Read: Florida, Tennessee target immigrant driver's licenses with new laws
