The Dow topped 23,000 for the first time in its 121-year history Tuesday, extending a bull market rally that began nearly nine years ago. This year has been full of milestones for the Dow Jones industrial average. The blue-chip stock gauge has rallied more than 3,200 points, gained more than 16% and leapfrogged 20,000, 21,000, 22,000 and 23,000 in 2017. The strong rally has been driven, Wall Street pros say, by a financial rarity: economies in every corner of the globe picking up at the same time. "Dow 23,000 is something to cheer," says Thorne Perkin, president of New York-based money-management firm Papamarkou Wellner Asset Management.
The Clinton Foundation will not return as much as $250,000 in donations from disgraced Hollywood mogul Harvey Weinstein following the accusations of sexual harassment and rape.
The foundation said Sunday that donations, ranging from $100,000 to $250,000, have already been spent on projects, The Daily Mail reported.
The move to keep the money was expected following tweets from the foundation's spokesman Craig Minassian.
"Suggesting @ClintonFdn return funds from our 330,000+ donors ignores the fact that donations have been used to help people across the world," Minassian wrote on Twitter.
The calls to return Weinstein's money were prompted after multiple actresses have come forward and accused the Hollywood executive of sexual assault and rape, forcing numerous politicians and organization to grapple with the dilemma.
Authorities say a 3-year-old girl is dead after she fell into a grease pit at an Alabama ice cream shop and drowned.
The Opelika-Auburn News reports the girl's body was pulled Saturday from an in-ground container used to trap cooking grease at Brewster's Real Ice Cream in Auburn.
Lee County Coroner Bill Harris said in a news release the death appears to be an accidental drowning. He said video evidence from the scene showed the girl playing with siblings when she apparently fell through a lid covering a grease pit on the ice cream parlor's property.
Harris said the girl was found several minutes later inside the grease container, which was 6 feet (1.8 meters) deep. He said no foul play is suspected. The girl's name was not immediately released.
The death toll has risen to 189, with more than 200 people injured, after a truck bomb in Somalia that the U.S. government condemned Sunday as a "cowardly" attack.
"Such cowardly attacks reinvigorate the commitment of the United States to assist our Somali and African Union partners to combat the scourge of terrorism," the U.S. mission to Somalia said in a statement.
The U.S. military this year has stepped up drone strikes and other efforts this year against the al-Qaida-linked al-Shabab, which is based in Somalia and often targets Mogadishu, the capital.
The International Committee of the Red Cross said four volunteers with the Somali Red Crescent Society were among the dead.
Blazes have destroyed a number of farms in Mendocino County right before legal recreational sales begin in California. Cannabis business owners who lose their crops have little reprieve. "Nobody right now has insurance," said Nikki Lastreto, secretary of the Mendocino Cannabis Industry Association. "They might have insurance on their house, but not on their crop." Cannabis cultivators cannot insure their businesses because federal law prohibits marijuana, which means that financial institutions can't go near it. Derek Peterson, CEO of Terra Tech, which grows and sells marijuana in California, estimates that farmers typically invest upward of $5 million in their facilities and as much as $3 million on growing the crop itself. Josh Drayton, spokesman for the California Cannabis Industry Association, said it's too early to tell just how many of the state's estimated 10,000 to 15,000 marijuana farms have burned down.