US banks set to suffer from trading slump

first_img More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com whatsapp Sunday 17 October 2010 11:28 pm KCS-content Show Comments ▼ ANALYSTS have slashed their forecasts ahead of the slew of US banks reporting third quarter earnings this week, as concerns over a steep fall in trading activity and the housing foreclosure ruckus in the States weighed on expectations.Wall Street bank shares had rallied last week after JP Morgan topped analysts’ consensus earnings forecasts of 90 cents per share with $1.01 per share.But the sector has since taken a battering at the hands of investors as it suffers a probe into illegal mortgage foreclosure practices and fears over the earnings impact of a slowdown in Wall Street securities activity.The banks reporting next week are widely expected to record an uptick in profits due to lower one-off impairment charges, though analysts are concerned that the trading slump over the summer will have disproportionately hit investment banking revenues.Citigroup, which reports third quarter earnings today, is expected to post earnings of 5.7 cents per share, down from an analyst consensus of 6.25 cents per share just a week ago, according to Thomson Reuters data.Predictions for Goldman Sachs earnings per share, revealed tomorrow, have also dropped sharply over the week to $2.28 per share, while Bank of America, also reporting tomorrow, is now thought likely to post earnings of under 10 cents per share.Morgan Stanley is expected to earn between 15 and 20 cents per share, down from 38 cents a year ago.Wall Street has been hit with a barrage of gloomy predictions in recent weeks, including renowned analyst Meredith Whitney’s prediction that 80,000 investment bankers are likely to be culled in the next two years. center_img US banks set to suffer from trading slump Share whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Tags: NULLlast_img read more

Diamond Bank Nigeria (DIAMON.ng) HY2010 Interim Report

first_imgDiamond Bank Nigeria Plc (DIAMON.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2010 interim results for the half year.For more information about Diamond Bank Nigeria Plc (DIAMON.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Diamond Bank Nigeria Plc (DIAMON.ng) company page on AfricanFinancials.Document: Diamond Bank Nigeria Plc (DIAMON.ng)  2010 interim results for the half year.Company ProfileDiamond Bank Nigeria Plc is a financial services institution in Nigeria operating in the treasury, business banking, corporate banking and retail banking sectors. The company offers a full service bank of products and services ranging from transactional accounts, electronic banking and money transfer services to securities dealing and custodian services; personal, automotive and home loans; MSME loans and diamond leasing services and investment and advisory services. Diamond Bank Nigeria Plc also offers, among others, life insurance products; foreign exchange services; cash management services; capital management and trade services; import finance; treasury bills and investment notes and working capital finance and contract financing. The financial institution’s head office is in Lagos, Nigeria. Diamond Bank Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

MCB Group Limited (MCBG.mu) 2011 Presentation

first_imgMCB Group Limited (MCBG.mu) listed on the Stock Exchange of Mauritius under the Financial sector has released it’s 2011 presentation For more information about MCB Group Limited (MCBG.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the MCB Group Limited (MCBG.mu) company page on AfricanFinancials.Document: MCB Group Limited (MCBG.mu)  2011 presentation Company ProfileMCB Group Limited is a financial holdings company that, together with the several subsidiaries running under it, operates in three clusters; banking, non-banking financial and other investments. The non-banking financial sector is involved in factoring and leasing while the MCB Capital Markets Limited offers services such as corporate finance advisory, asset management, stockbroking, private equity and registry. The Group also assists micro and small entrepreneurs. The services offered by the company include, offers current, savings, and foreign currency accounts; fixed and term deposits; personal, educational, motor, green, and housing loans; term loans; and working capital finance, term funding¸ structured finance, private equity finance, and leasing services, as well as credit and prepaid cards. MCB Group Limited is listed on the Stock Exchange of Mauritius.last_img read more

Berger Paints Plc (BERGER.ng) Q12017 Interim Report

first_imgBerger Paints Plc (BERGER.ng) listed on the Nigerian Stock Exchange under the Building & Associated sector has released it’s 2017 interim results for the first quarter.For more information about Berger Paints Plc (BERGER.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Berger Paints Plc (BERGER.ng) company page on AfricanFinancials.Document: Berger Paints Plc (BERGER.ng)  2017 interim results for the first quarter.Company ProfileBerger Paints Plc is a manufacturing company in Nigeria producing paint, surface coating and allied products for the residential, commercial, marine and industrial sectors. The company has an extensive product range which is divided into decorative/architectural finishes, industrial coatings, marine and protection coatings, automotive/vehicle finishes, and wood finishes and preservers. Berger Paints has a manufacturing plant and distribution centre in Lagos and over 25 distribution points in the major towns and cities in Nigeria. Berger Paints Colourworld is a retail outlet which offers a wide range of products and offers support with expertise and colour development software. Colourworld also offers an advanced automotive tinting system and colour software and carries a supply of paint tools and applications. In 2012, Berger Paints Nigeria Plc partnered with KCC Corporation, the largest heavy duty coating manufacturing company in South Korea. The partnership facilitates the supply quality, durable coatings for the marine and protective sectors. The company was established in 1959 by Lewis Berger, a German colour chemist who founded the Berger Paints’ dynasty in London in the late 1970s. Its head office is in Lagos, Nigeria. Berger Paints Plc is listed on the Nigerian Stock Exchangelast_img read more

Cheap shares: I’d invest like Jim Rogers with these agriculture stocks

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! Enter Your Email Address Kirsteen has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Kirsteen Mackay | Wednesday, 18th November, 2020 | More on: AEP Jim Rogers is a successful stock market investor with a high profile. He shot to fame in the 1970s after founding the incredibly successful Quantum Fund with billionaire investor George Soros. Talking recently about the 2020 pandemic and its effect on the global economy, Rogers said it’s the worst economic time in his lifetime (he’s 78). He remains bullish on gold and silver but has no interest in cryptocurrency and believes Bitcoin will ultimately be worthless.Jim Rogers likes agriculture stocksAlthough an upbeat publicity-hound, and successful investor, Rogers is a perpetual bear when it comes to the markets. Still, one area he’s always maintained an interest in investing in is agriculture. That’s because we’ve all got to eat, no matter what kind of shape the world is in.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Through good times and bad, food is a necessity and that won’t change. However, in recent years agricultural markets have suffered, particularly during 2020, as supply chains crumbled and lockdowns hampered the food chain. Jim Rogers sees this as a perfect opportunity to snap up cheap shares to hold for the long term.Anglo-Eastern Plantations share price surgesSo how do I use Jim Rogers’ investing advice? I begin by researching agriculture stocks.One UK agriculture stock I’ve been considering is Anglo-Eastern Plantations (LSE: AEP). After plummeting 45% in the March market crash, the Anglo-Eastern Plantations share price has almost retraced to its January highs. Now riding the November rally, it’s up 16% this month alone.It released its Q3 trading update last week. The group reported a strong balance sheet, a reduction in debt and net cash balance of $90.2m, up 11% year-on-year. Its production of fresh fruit bunches for the first nine months of the year increased by 6% but total crude palm oil production was slightly down on 2019. The price of crude palm oil has rocketed up 26% due to the effects of Covid-19 on the economy.Anglo-Eastern Plantations constructed its fourth biogas plant in North Sumatra, but can’t sell excess electricity until the pandemic is brought under control in the region.While the increasing crude palm oil price looks set to continue, recurring Covid-19 waves may keep demand suppressed. Yet the potential for a widespread vaccine rollout gives rise to hope. Anglo-Eastern Plantations has a price-to-earnings ratio (P/E) of 18 and earnings per share are 31p. This stock has short-term risk, but it could have further upside, and I’d consider buying in the next dip.Cheap share with added incomeCarr’s Group is another UK agriculture stock I think might attract Jim Rogers’ interest. It operates internationally and has several divisions. Its offerings include livestock supplementation products, animal feeds and fuels. Besides these, it sells farm machinery, clothing, and pet supplies through its retail locations. It also has an engineering division servicing the defence, pharma, and energy sectors.Carr’s agricultural division has not been overly affected by the pandemic, and although the low oil price and lockdowns have slightly hampered its engineering arm, I think this will resume with rigour once we bring the pandemic under control. Carr’s P/E is below 9 and its EPS is 13p. It also has a reasonable dividend yield of 4%. I like how diversified it is and would consider adding it to a long-term portfolio. Are you looking for stock prospects to boost your earning potential? Experts like The Motley Fool (and their exclusive reports) are here to boost your chances of making money through investing. Let them help you… The high-calibre small-cap stock flying under the City’s radar See all posts by Kirsteen Mackay Cheap shares: I’d invest like Jim Rogers with these agriculture stockslast_img read more

USA Rugby chase greatness in The Pioneers, Part 2

first_imgTuesday Oct 23, 2018 USA Rugby chase greatness in The Pioneers, Part 2 Part Two of The Pioneers, the behind the scenes documentary that covers the USA Men’s Sevens rugby team’s journey to the Rugby World Cup 7s, is now out.  In the conclusion of the two-part documentary, we get to see final preparations and how the home team got on at the 7s World Cup. ADVERTISEMENTHosted in San Francisco, the 2018 Rugby World Cup 7s was a chance for further exposure to the sport of rugby 7s in the USA.HSBC commissioned ‘The Pioneers’ as part of its long-term partnership with rugby Sevens, built around a mission to drive forward the growth of the sport in partnership with World Rugby.HSBC identified the USA, a sporting powerhouse with huge growth potential, as a key market for the sport moving forward. The ambition with ‘The Pioneers’ is to create a story that can attract new fans in the United States and set the sport up for explosive growth.HSBC has recently announced a new four-year deal to remain the title partner of the HSBC World Rugby Sevens Series and become the Official Banking Partner of World Rugby, lasting from the 2019 through to the 2023 season.Mike Friday, the USA Head Coach who features prominently in the film, said:“We are thankful that the wider American sporting public has had the chance to discover the talented players and incredible personalities that we have the opportunity to coach.ADVERTISEMENT“We may not have claimed victory in San Francisco, but the impact of the tournament on the fans in the stadium and those watching at home cannot be overstated as we seek to position the game to complement the traditional super-sports in the country.“We will continue our journey in the next HSBC World Rugby Sevens Series and then to the next Olympic Games in Tokyo in 2020.”Both parts of the documentary can now be viewed belowADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error documentary , USA Rugby Related Articles 25 WEEKS AGO ‘They don’t know what’s going to happen tomorrow,… 38 WEEKS AGO How do you perform when blind in one eye?… 48 WEEKS AGO Sexton’s half-time speech helped turn the… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life Reports30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Charity Fund Peer Group Universe launched by Teknometry & Charity Investors Group

first_img  115 total views,  1 views today  116 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis4 Tagged with: Finance investment Technology Kate Rogers, Chair of the Charity Investors Group added:“I am delighted that Charity Investors Group members have come together to share their investment data. The resulting peer group will be a really useful comparator for charity investors, representing around 15% of all invested UK charitable assets.” AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis4 Melanie May | 9 August 2017 | News About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. Teknometry has announced the launch of the Teknometry CIG Charity Fund Universe, established together with the Charity Investors Group (CIG).The Teknometry CIG Charity Fund Universe has been created to provide a representative peer group for the analysis of UK charity investment performance, initially in the multi-asset sector. Nine founding participant investment management firms have provided five years of data on their balanced portfolios in order to establish the universe. The five-year history focuses on total net return data with Teknometry planning to expand the analysis in the future to include asset allocation and yield data.At the 30th June 2017 the Teknometry CIG Charity Universe was comprised of 1,352 portfolios representing over £14.6bn of UK charity fund assets.According to Teknometry, the average UK charity fund returns for periods ending 30th June 2017 were as follows:Last 3 Months: 1.35%Last 6 Months: 4.88%Last 9 Months: 7.84%Last 12 Months: 14.79%Mick Brant, Teknometry Managing Director said:“The Teknometry CIG Charity Fund Universe is now the most representative peer group sample of balanced charity investment portfolios in the UK and will provide much-needed insight into the sector. Our aim is to expand the universe in terms of sample size and analysis over the coming months in order to provide further insight. We are grateful to the CIG and the founding participants for supporting this initiative, which has been a year in the making.” Advertisement Charity Fund Peer Group Universe launched by Teknometry & Charity Investors Grouplast_img read more

Solidarity brings water to Flint

first_imgWater You Fighting For? It’s more than a great play on words. It’s a grassroots organization in Flint, Mich., founded by mothers Melissa Mays and Lee Anne Walters, who refused to sit back and watch their children suffer. WYFF has been protesting the toxic Flint water for almost two years. Mays said in a national interview: “When your 12-year-old wakes up in the middle of the night crying because his bones hurt and there is nothing you can do, no creams, no medicine that you can give him to ease his pain, that’s infuriating. When your youngest can’t go anywhere because his white blood cell count is four, and his immune system is so compromised you’re worried he is going to get sick with anybody breathing on him, that’s awful.“When your oldest is starting to struggle in school subjects that were very easy to him,” continued Mays, “there’s nothing more than I want to do than scream and yell and that’s what we did for over a year, scream and yell, ‘This isn’t right, stop it, tell us the truth.’” (foxbusiness.com, Jan. 22)Now, because residents like Mays organized and fought back, the Flint water crisis is a national scandal, even making the front page of the New York Times. Two officials of the Michigan Department of Environmental Quality and the regional head of the Environmental Protection Agency have resigned in disgrace. The DEQ failed to instruct the Flint water department to add anti-corrosive chemicals to the water when Flint stopped using water from the Detroit Water and Sewerage Department and began tapping into the polluted Flint River. The DEQ’s bad instructions allowed Flint system pipes to leach deadly lead into the water, leaving the whole city of 100,000, including 9,000 children under age 6, poisoned.Calls for governor’s arrestThe primary target of community anger is Gov. Rick Snyder, a reactionary Republican who has been deflecting blame while scraping up a woefully inadequate $108 million in state and federal funds for Flint. Political pressure forced Snyder — who by state law has immunity from the Freedom of Information Act — to release emails between him and other state officials about Flint’s water. Now it should be impossible for Snyder to escape criminal responsibility. Despite saying “I’m sorry” to Flint residents over two dozen times in his State of the State speech on Jan. 19 in the State House in Lansing, his disdainful indifference and lack of remorse were evident.“Arrest Snyder” has become a rallying cry. Signs against him were popular at Detroit’s annual Martin Luther King march on Jan. 18, which included a Flint delegation led by Mays. Later that day people picketed Snyder’s newly purchased swank condominium in downtown Ann Arbor. The following day, 500 people demonstrated in bitter cold outside Snyder’s annual speech, making enough noise to be heard inside the Capitol. Some protesters carried torches and pitchforks.Activists are also demanding the firing of former Flint Emergency Manager Darnell Earley, who now oversees the Detroit Public Schools system and who carried out the decision to draw water from the Flint River. On Jan. 20, the day President Barack Obama visited the North American International Auto Show, another teacher sick-out over cuts, huge class sizes and dangerous building conditions closed most Detroit public schools. Some 500 DPS teachers, along with Flint residents, picketed the auto show. The main demand was that these two criminals, Earley and Snyder, be punished.Emergency Management & water justiceThe movement is fighting for more than the ousting of a few perpetrators, however, and calls for an end to Emergency Management. Public Act 436 allows the governor to appoint an Emergency Manager as dictator over a city or school district deemed to be in financial distress — rendering elected local and school officials powerless. PA 436 makes paying the banks the first budgetary priority.All but one of the cities and school boards in Michigan that have had an Emergency Manager are majority African American. Half of Michigan’s African-American population — compared to 2 percent of the white population — has been under Emergency Management. Flint Democracy Defense League, formed to oppose Emergency Management, is now deep in the fight for water justice. League representative Nayyirah Shariff has called for Snyder’s arrest, saying that “he can take his apology and flush it down the toilet.” (Democracy Now!, Jan. 8) The FDDL and WYFF have formed the Coalition for Clean Water.Water justice groups in Detroit and Flint have been supporting each other, reminding the public that tens of thousands of households in Detroit remain without water after a brutal shutoff policy was instituted in 2014 under Emergency Manager Kevyn Orr. A People’s Tribunal Jan. 23 drew 200 people and found Snyder and Detroit Mayor Mike Duggan guilty of depriving people of water.Thanks to heroes like Mays and Shariff, Flint has gained the world’s solidarity. Donations of money, water and supplies have come from celebrities like Cher, Michael Moore, Meek Mill, Big Sean and Pearl Jam; Muslim communities in Detroit suburbs of Troy and Dearborn; the Little River Band tribe; Teamsters in Minneapolis; and of course United Auto Workers locals around the country. It was in Flint in 1937 that the heroic 44-day sit-down strike won the first UAW contract with General Motors. People all over the U.S. have joined the people of Flint in saying, “Water is a human right — fight, fight, fight!”FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

In Biden’s early days, signs of Trump-era problems at border

first_img Pinterest Twitter Facebook Local NewsStateUS News Twitter Facebook In Biden’s early days, signs of Trump-era problems at border Previous articleMLS delays season opener until April 17Next articleNY allows stadiums to reopen for sports, entertainment Digital AIM Web Support By Digital AIM Web Support – February 10, 2021 TAGS  WhatsApp WhatsApp Pinterestlast_img read more

Gulf Coast prepares for Alberto as heavy rain, gusty winds hit Florida

first_imgABC News(NEW YORK) — Subtropical storm Alberto is delivering heavy rain and gusty winds to Florida on Sunday morning with current projections showing the storm making landfall in the Panhandle as a tropical storm on Monday.Mississippi, Alabama and Florida all pre-emptively declared a state of emergency on Saturday.Alberto is about 330 miles south of Apalachicola, Florida, on Sunday morning at 5 a.m. The storm is moving north-northeast at 13 mph with winds at 40 mph. Winds of 40 mph extend outward from the center of the storm up to 150 miles.The storm is producing winds and rains over southern Florida early Sunday. On Saturday evening, a wind gust of 47 mph was reported by the National Weather Service in Key West, Florida.Tropical storm warnings and watches have been issued for parts of the Mississippi coast all the way to the western Gulf Coast of Florida. Tampa, Florida; Sarasota, Florida; and Fort Myers, Florida, are under a tropical storm warning for tropical storm conditions arriving on Saturday.Alberto will move further north in the Gulf of Mexico, passing west of the peninsula of Florida. Alberto’s heavy rains and gusty winds remain predominantly on the right side of the storm, and therefore heavy rain and some gusty winds are expected across much of Florida on Sunday.Additionally, some of the strong tropical thunderstorms east of the center of circulation could spawn brief tornadoes. There is a threat for a few tornadoes for much of the southern half of Florida, including Tampa, Fort Myers, Miami and West Palm Beach. The strongest tropical thunderstorms could also have rainfall rates exceeding 2 inches per hour, which could trigger flash flooding.On Monday, Alberto is forecast to make landfall somewhere along the northern Gulf Coast — likely somewhere along the coastal region of the Florida Panhandle or southern Alabama. Regardless of exact landfall location, strong tropical downpours are expected for much of the Gulf Coast on Memorial Day, with heavy rain causing flash flooding across much of the Gulf Coast region.Alberto — or what remains of it — will move into the Tennessee Valley on Tuesday.Rainfall remains the most widespread threat from Alberto. Isolated parts of the Gulf Coast could receive up to a foot of rain. Locally, more than 8 inches of rain is possible in parts of the Florida Panhandle, southern Alabama and southwest Georgia. In the Florida Keys and southern Florida, a widespread 3 to 6 inches of rain is likely, with up to 10 inches possible locally.Flash flood watches have been posted for much of Florida, and along the Gulf Coasts of Louisiana, Mississippi, Alabama and southwest Georgia. Additionally, Alberto is pushing tropical moisture north. New flash flood watches have been issued for parts of the Carolinas, where 2 to 6 inches of rain is possible.Heat comes to central USWhile the Southeast deals with Alberto, Sunday will be another day of very hot temperatures throughout the central U.S. Widespread 90-degree temperatures are expected across the region. Chicago saw its first 90-degree day on Saturday — a little more than a week ahead of average.On Sunday, the heat will slide just slightly to the east, but many spots — including Minneapolis and Des Moines, Iowa — will see another day of temperatures in the 90s. Copyright © 2018, ABC Radio. All rights reserved.last_img read more