China industrial output rises 9.8% y/y in April, retail sales up 17.7% y/y

Federal income tax filings and payments for individuals due Monday

Federal income tax filings and payments for individuals are due Monday.

The Treasury Department and the IRS extended the deadline in March.

“This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities,” IRS Commissioner Chuck Rettig said in a news release announcing the extension.

Monday’s deadline does not apply to Texas, Oklahoma and Louisiana, where the IRS had extended Tax Day to June 15 to file various individual and business tax returns and make tax payments. That extension was a result of the Federal Emergency Management Agency’s disaster declarations in those states following winter storms in February.

Tennessee Rep. Mike Carter Dies Of Pancreatic Cancer At 67

OOLTEWAH, Tenn. (AP) — Mike Carter, a member of the Tennessee House of Representatives, has died of pancreatic cancer at age 67.

Representatives of Carter’s family announced his death Sunday on his Twitter account.

“Mike lost his battle with Pancreatic Cancer late last night, surrounded by his family,” the Twitter post said. “We’ll miss him very much. We appreciate your prayers during this difficult time.”

Carter, a Republican from Ooltewah in eastern Tennessee, announced his cancer diagnosis in November. He had been hospitalized with COVID-19 in August, and doctors discovered the cancer during a trip to Vanderbilt University Medical Center.

Carter had served in the Tennessee House since 2013. He also was a Hamilton County general sessions judge from 1997 to 2005.

Tributes for Carter poured in on social media.

“I will miss Mike Carter who was a leader, friend and brother in Christ,” Gov. Bill Lee said on Twitter.

House Speaker Cameron Sexton called Carter “an effective and dedicated public servant. His love of service to his community and to Tennessee was surpassed only by his love for God.”

Funeral arrangements were incomplete.

Alex Bowman wins NASCAR race at Dover as Hendrick Motorsports sweeps top four spots

DOVER, Del. – The statue of Miles the Monster had a big red mask covering his nose and mouth, showing proper masking etiquette as he menacingly held a race car in his left hand.

But Miles the Monster could have shed the mask had he just shuffled about 20 yards over to his right to the walk-up vaccination tent at Dover International Speedway. Then he could have gotten the one dose of the Johnson & Johnson vaccine, gone inside the grandstand to watch the Drydene 400.

If he did, he would have seen Alex Bowman lead the last 96 laps race to win after teammate Kyle Larson had dominated most of the first 300 laps.

Curry shoots Warriors past Grizzlies as Golden State locks in West No. 8 seed

For all the hype surrounding Sunday's game with the Memphis Grizzlies and Golden State Warriors, it was the first time the Grizzlies faced Stephen Curry in more than two years.

Curry danced and shimmied after he made four 3-pointers in the third quarter. When the Grizzlies answered with a furious fourth-quarter rally, the NBA's scoring leader slammed any hopes of a comeback.

After three consecutive 3-pointers, he yelled to the Chase Center crowd and lifted up his shirt. It was his house, and the Grizzlies learned the hard way in Golden State's 113-101 win in the teams' regular-season finale.

The win locked the Warriors into the No. 8 seed, where they will play either the Portland Trail Blazers or Los Angeles Lakers in the play-in tournament, pending the outcomes of Lakers at Pelicans and Nuggets at Trail Blazers in their regular-season finales later Sunday night.

Russell Westbrook, Bradley Beal lead Wizards’ improbable run into play-in game; East matchups set

The NBA play-in game matchups are taking shape.

Washington defeated Charlotte on Sunday, earning eighth place with a 34-38 record and will play seventh-place Boston in an Eastern Conference play-in game on Tuesday. The Pacers defeated Toronto and will get the ninth spot and a matchup against the 10th-place Hornets in the other East play-in game.

Designed to create excitement, make more games meaningful and curtail tanking, the play-in game format added intrigue to the final days of the 2020-21 NBA season.

Teams either tried to avoid or make the play-in game.

China Jan-April property investment up 21.6% y/y, cooling from Q1

BEIJING, May 17 (Reuters) – Real estate investment in China rose 21.6% in the first four months of 2021 from a year earlier, cooling from a 25.6% gain seen in the first three months, official data showed on Monday.

Property sales by floor area grew 48.1% year-on-year, slowing from a 63.8% rise in the first quarter of the year, the National Bureau of Statistics (NBS) said in a statement.

New construction starts measured by floor area rose 12.8% from a year earlier, compared with 28.2% growth in the January-March period.

China industrial output rises 9.8% y/y in April, retail sales up 17.7% y/y

BEIJING, May 17 (Reuters) – China’s industrial output grew 9.8% in April from a year ago, slower than the 14.1% surge in March, official data showed on Monday.

That matched a 9.8% on-year rise in a consensus forecast by analysts from a Reuters poll.

Retail sales rose 17.7% year-on-year in April, much weaker than a 24.9% uptick expected by analysts and down from the 34.2% jump seen in March.

Fixed asset investment increased 19.9% in the first four months from the same period a year earlier, versus a forecast 19.0% rise, slowing from January-March’s 25.6% increase.