Top Headlines: Record high for S&P, Birmingham’s budget shortfall

Record high for S&P, 6 months after the Covid depths
Just six months after the S&P 500 plunged in the wake of pandemic lockdowns, the index closed Tuesday at an all-time high of  3,389.78. — NPR 

Birmingham budget shortfall leads to pay cuts, furloughs
An anticipated budget shortfall of $62.7 million, which city officials blame on the pandemic and related closures, will result in pay cuts — 10 percent for Mayor Randall Woodfin — and furloughs for 259 full-time and 114 part-time employees, plus other cuts. — WBRC-TV

Alabama Power to open offices in late September
Alabama Power plans to reopen offices September 28 and to offer various payment plans to assist customers whose finances have been disrupted by the pandemic. — Anniston Star 

Wells Fargo plans drive-up food distribution
Wells Fargo and the Community Food Bank of Central Alabama are teaming to provide food to those in need on Thursdays from August 20 through September 10. To receive groceries, people must be in line by 8:30 a.m. and remain in their vehicles. Wells Fargo expects to have food for about 150 people. The program will be Wells Fargo’s Wildwood campus at 220 Wildwood Parkway in Homewood. — WBRC-TV

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