Latest news with #Maley
San Francisco Chronicle
25-05-2025
- General
- San Francisco Chronicle
Golden Gate Park's WWI monument finally gets recognition, a century after armistice
Heroes Grove, the World War I monument hidden in a redwood grove in Golden Gate Park, has always been impossible to find. But everybody can find the Rose Garden next to it, and now Ken Maley, a non-veteran San Francisco parks devotee, has found a way to link the two attractions. Maley, who is 80 and lives across town on Telegraph Hill, arranged to have a one-ton granite boulder trucked in to the entrance to the Rose Garden at John F. Kennedy Drive. It is engraved like a tombstone with the words 'Heroes Grove' and inlaid with a QR code that he says is a first for any monument or memorial in the park. The QR code works through a smartphone to access the San Francisco Recreation and Park Department website, which then gives a detailed history and description of the World War I memorial along with a park map and walking directions to the monument. The stone marker, which was trucked in from a quarry just last week, was installed in time for Memorial Day, and on Sunday morning Maley was sitting discreetly on a green park bench near it, waiting to see if it would attract enough attention to send people up the trail behind it and onto a 10-minute nature walk through redwoods to Heroes Grove. 'I've watched people look at the QR code and walk up the trail,' said Maley, who is project director of the Veterans Commemorative Committee and has put 10 years and a $50,000 budget into installing the first signage to Heroes Grove since it was dedicated on Memorial Day 1919. 'I just felt that 100 years after the war people should understand that we have this living memorial to it.' Heroes Grove, which began as public sentiment for planting a grove of coast redwoods to those who served, predates the city's main monument to the Great War — the War Memorial War Memorial Veterans Building and Opera House. Its grand opening in 1932 was to feature a granite monument in the courtyard between the two buildings, contributed by the Gold Star Mothers. The 9-foot pillar was engraved with the names of 820 men and women from San Francisco. But the big oblong rock was judged to be incompatible to the Beaux Arts elegance of the Opera House and Veterans Building, so it was banished to the park, where it went completely unmarked for 100 years. Among those who did not know Heroes Grove existed was Maj. Gen. Mike Myatt, a longtime member of the Board of Trustees for the War Memorial, who served on Maley's board. Myatt was president and CEO of Marines Memorial when Maley drove him out on a field trip. 'It really moved me when you started looking at the names,' Myatt said, 'But I could see how nobody could find it and if they found it they wouldn't know what it was.' On Memorial Day 2019, Maley and his committee got a boulder that is 5 feet wide and 3 feet tall installed along JFK Drive in a ceremony that included a color guard and veterans in World War I uniforms. The rock is easy to spot from JFK Drive, but there has never been an arrow or obvious path from there to the grove itself, and most people who see it are on bikes or running down the path toward Ocean Beach and not inclined to stop and investigate. 'It is amazing and so peaceful here, but I never see anyone looking at the monument,' said Julie Purnell, who lives in the Richmond District and runs her dog along the pathway. 'It is right off Fulton Street, and nobody knows it is here.' In hopes of applying a lure, Maley last week had that stone marker on JFK also embedded with a QR code that was drilled into the rock and is the size of a compact disc. 'It's the new wave of 'interpretive' in our park system,' Maley said. 'This is the pilot project.' It worked with Sunset District resident James Larkin and his wife, Felicia Lee. 'When we saw the stone marked 'Heroes Grove,'' Larkin said, 'I thought, 'What heroes are we talking about? Is it 9/11? World War II?' They were intrigued enough to investigate and follow the path in from JFK Drive, through the memorial and down to the Rose Garden where the path delivered them next to the bench that Maley was sitting on. 'It's spectacular,' Lee said. 'We loved walking through there and getting a hit of nature and a hit of history.' While conducting his surveillance, Maley overheard one couple look at the rock in passing and exclaim 'Oh, it's called Heroes Grove.' That made it all worthwhile. 'For 100 years, people didn't call it anything,' Maley said. Bruce and Kerry Grigson, visitors from Australia, knew all about Gallipoli but not about American involvement in the Great War or that they happened to be visiting on Memorial Day weekend. They felt compelled to follow the path from the Rose Garden to Heroes Grove. 'It's a bit of a privilege to be here on memorial weekend,' Grigson said, while standing at the memorial reading the engraving. 'It's amazing. I didn't know any of this.' Maj. Gen. Myatt, who is 84 and retired in Sonoma, plans to come down with his iPhone and activate the code next week when has a medical appointment at the VA hospital. 'Then I can show it to my wife and anybody who comes along,' he said. 'It's a piece of history that says something about the people of San Francisco.'
Business Recorder
19-05-2025
- Business
- Business Recorder
Wall Street Week Ahead: Retailers set to give tariff view as US stock market roars back
NEW YORK: A batch of US retail earnings reports in the coming week is set to shed more light on the economic fallout from the shifting tariff backdrop and test the stock market's sharp rebound. Results from retailers including Target, Home Depot and Lowe's arrive as investors have become less worried that US President Donald Trump's tariffs will send the economy into a recession, particularly following the recent US-China trade truce between the world's two largest economies. But a warning from Walmart on Thursday that the world's largest retailer will have to start raising prices due to the high tariffs is putting other retailers in the spotlight, as investors watch how they are reacting to a trade backdrop that remains in flux. 'Retailers are going to be incredibly important, especially after what happened with Walmart's announcement,' said Matthew Maley, chief market strategist at Miller Tabak. Maley said it was notable that Walmart's warning followed news of the US-China truce, in which both sides are reducing their extra tariffs that had exceeded 100% for 90 days. That Walmart is 'still warning about the tariffs that will be put in place, even though they won't be some of the most severe ones that everybody was worried about, obviously that raises some concerns,' Maley said. The potential for tariffs to raise prices that could slow consumer spending or drive up inflation has worried investors, particularly since Trump's April 2 'Liberation Day' announcement of sweeping levies on imports. The retailers' quarterly reports also will offer the latest glimpse into the health of consumer spending, which accounts for more than two-thirds of US economic activity. Data on Thursday showed US retail sales growth slowed sharply in April as the boost from front-loading purchases ahead of tariffs faded, while consumer sentiment and other surveys have been weak. 'Sentiment is pretty sour,' said Jack Ablin, founding partner and chief investment officer at Cresset Capital. 'But what we have to do is find out if households are really following through and pulling back on spending.' Results in the coming week also include apparel maker Ralph Lauren and off-price retailer TJX Cos, with the various reports offering insight into a number of consumer segments, investors said. One topic of interest is whether shoppers will 'trade down' to less expensive items 'because people are nervous about rising prices,' said JJ Kinahan, CEO of IG North America and president of online broker Tastytrade. Stocks have staged a massive recovery since Trump's April 2 announcement set off extreme volatility and sent stocks plunging. The benchmark S&P 500 index is up over 18% from its April closing low and has erased its losses for the year. The stock market 'just continues to bounce back,' Kinahan said.
Time of India
17-05-2025
- Business
- Time of India
Wall St Week Ahead: Retailers set to give tariff view as US stock market roars back
A batch of U.S. retail earnings reports in the coming week is set to shed more light on the economic fallout from the shifting tariff backdrop and test the stock market's sharp rebound. Results from retailers including Target , Home Depot and Lowe's arrive as investors have become less worried that U.S. President Donald Trump's tariffs will send the economy into a recession, particularly following the recent U.S.-China trade truce between the world's two largest economies. But a warning from Walmart on Thursday that the world's largest retailer will have to start raising prices due to the high tariffs is putting other retailers in the spotlight, as investors watch how they are reacting to a trade backdrop that remains in flux. "Retailers are going to be incredibly important, especially after what happened with Walmart's announcement," said Matthew Maley, chief market strategist at Miller Tabak. Maley said it was notable that Walmart's warning followed news of the U.S.-China truce, in which both sides are reducing their extra tariffs that had exceeded 100% for 90 days. Live Events That Walmart is "still warning about the tariffs that will be put in place, even though they won't be some of the most severe ones that everybody was worried about, obviously that raises some concerns," Maley said. The potential for tariffs to raise prices that could slow consumer spending or drive up inflation has worried investors, particularly since Trump's April 2 "Liberation Day" announcement of sweeping levies on imports. The retailers' quarterly reports also will offer the latest glimpse into the health of consumer spending, which accounts for more than two-thirds of U.S. economic activity. Data on Thursday showed U.S. retail sales growth slowed sharply in April as the boost from front-loading purchases ahead of tariffs faded, while consumer sentiment and other surveys have been weak. "Sentiment is pretty sour," said Jack Ablin, founding partner and chief investment officer at Cresset Capital. "But what we have to do is find out if households are really following through and pulling back on spending." Results in the coming week also include apparel maker Ralph Lauren and off-price retailer TJX Cos, with the various reports offering insight into a number of consumer segments, investors said. One topic of interest is whether shoppers will "trade down" to less expensive items "because people are nervous about rising prices," said JJ Kinahan, CEO of IG North America and president of online broker Tastytrade. Stocks have staged a massive recovery since Trump's April 2 announcement set off extreme volatility and sent stocks plunging. The benchmark S&P 500 index is up over 18% from its April closing low and has erased its losses for the year. The stock market "just continues to bounce back," Kinahan said.
Yahoo
16-05-2025
- Business
- Yahoo
Coinbase Boosted by S&P 500 Inclusion Despite Hack, Probe Risks
(Bloomberg) -- Coinbase Global Inc.'s rally has been unconquerable this week, as even a one-two punch of negative headlines did little to stop the crypto exchange operator's climb ahead of its inclusion in the S&P 500 Index. As Coastline Erodes, One California City Considers 'Retreat Now' How a Highway Became San Francisco's Newest Park Maryland's Credit Rating Gets Downgraded as Governor Blames Trump NJ Transit Train Engineers Strike, Disrupting Travel to NYC Power-Hungry Data Centers Are Warming Homes in the Nordics Shares of Coinbase rose 34% over the last five sessions, the biggest weekly gain since President Donald Trump's reelection, buoyed by an announcement Monday that the stock would replace Discover Financial Services in the index. It was a triumphant moment for the digital asset industry, as well as a stamp of approval for Coinbase itself. But Thursday's revelation of a hack expected to cost the company $400 million and confirmation of reports that US regulators were investigating user figures marred Coinbase's victory lap, denting an otherwise exuberant runup with a 7.2% drop in the stock. Inclusion in the US benchmark index offers powerful support for stocks. Passive mutual funds and exchange-traded funds that track the S&P 500 are required to reshuffle their holdings to match the gauge, meaning they're compelled to pile into Coinbase's shares. 'The stock will have to come back because those people will have to buy it, they'll have to own it, period,' said Matt Maley, chief market strategist at Miller Tabak. This week's demand 'has absolutely nothing to do with its fundamentals.' To KeyBanc Capital Market's Alex Markgraff the hack is unlikely to broadly erode trust among its customers, although the analyst sees a 'modest overhang' from the news, both because of the financial impact and the risk that users could migrate to competitors such as Robinhood Markets Inc. Miller Tabak's Maley cautioned that the shares will be vulnerable to a delayed selloff next week, once buying support from funds dries up. And the shock waves from the week's events could travel beyond a single company, he added. If Coinbase's induction to the elite club of S&P 500 members doesn't go well, it could throw cold water on the entry of other players in the sector — and create headwinds for cryptocurrencies as an asset class. 'Like anything else, you try something new and it doesn't work, it takes longer to try it a second or third or fourth time,' Maley said. There's still plenty to like about the company. Coinbase is the biggest US crypto exchange, and last week it reported quarterly revenue that jumped about 24% from a year before. It's also making a push into the derivatives market with its $2.9 billion acquisition of Deribit. Shares of Coinbase have climbed more than 7% so far in 2025, outperforming the index its about to join, despite the roller-coaster ride shares have been on amid shifting sentiment in the cryptocurrency universe. (Updates shares in second and final paragraphs, chart.) Microsoft's CEO on How AI Will Remake Every Company, Including His Cartoon Network's Last Gasp DeepSeek's 'Tech Madman' Founder Is Threatening US Dominance in AI Race As Nuclear Power Makes a Comeback, South Korea Emerges a Winner Tariffs Won't Reindustrialize America. Here's What Will ©2025 Bloomberg L.P. 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
Yahoo
16-05-2025
- Business
- Yahoo
Wall St Week Ahead: Retailers set to give tariff view as US stock market roars back
NEW YORK (Reuters) - A batch of U.S. retail earnings reports in the coming week is set to shed more light on the economic fallout from the shifting tariff backdrop and test the stock market's sharp rebound. Results from retailers including Target, Home Depot and Lowe's arrive as investors have become less worried that U.S. President Donald Trump's tariffs will send the economy into a recession, particularly following the recent U.S.-China trade truce between the world's two largest economies. But a warning from Walmart on Thursday that the world's largest retailer will have to start raising prices due to the high tariffs is putting other retailers in the spotlight, as investors watch how they are reacting to a trade backdrop that remains in flux. "Retailers are going to be incredibly important, especially after what happened with Walmart's announcement," said Matthew Maley, chief market strategist at Miller Tabak. Maley said it was notable that Walmart's warning followed news of the U.S.-China truce, in which both sides are reducing their extra tariffs that had exceeded 100% for 90 days. That Walmart is "still warning about the tariffs that will be put in place, even though they won't be some of the most severe ones that everybody was worried about, obviously that raises some concerns," Maley said. The potential for tariffs to raise prices that could slow consumer spending or drive up inflation has worried investors, particularly since Trump's April 2 "Liberation Day" announcement of sweeping levies on imports. The retailers' quarterly reports also will offer the latest glimpse into the health of consumer spending, which accounts for more than two-thirds of U.S. economic activity. Data on Thursday showed U.S. retail sales growth slowed sharply in April as the boost from front-loading purchases ahead of tariffs faded, while consumer sentiment and other surveys have been weak. "Sentiment is pretty sour," said Jack Ablin, founding partner and chief investment officer at Cresset Capital. "But what we have to do is find out if households are really following through and pulling back on spending." Results in the coming week also include apparel maker Ralph Lauren and off-price retailer TJX Cos, with the various reports offering insight into a number of consumer segments, investors said. One topic of interest is whether shoppers will "trade down" to less expensive items "because people are nervous about rising prices," said JJ Kinahan, CEO of IG North America and president of online broker Tastytrade. Stocks have staged a massive recovery since Trump's April 2 announcement set off extreme volatility and sent stocks plunging. The benchmark S&P 500 index is up over 18% from its April closing low and has erased its losses for the year. The stock market "just continues to bounce back," Kinahan said.
