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The Latest: Red Cross thanks Wayfair for donation

The Latest: Red Cross thanks Wayfair for donation The Latest on a protest by Wayfair employees over the company's furniture sale to a contractor that runs detention centers for migrant children in Texas. The Red Cross says it has accepted a $100,000 donation from online home furnishings retailer Wayfair. Wayfair offered the donation after its employees protested the company's decision to sell $200,000 worth of furniture to a government contractor that runs a detention center for migrant children in Texas.


AP FACT CHECK: Trump accuses Mueller of a crime

AP FACT CHECK: Trump accuses Mueller of a crime President Donald Trump on Wednesday falsely accused special counsel Robert Mueller of deleting messages that would support the president's contention that the Russia investigation was out to get him. The provocative allegation of a "crime" by Mueller was one in a series of distorted claims made by the president in an interview on Fox Business Network and on Twitter on Wednesday. TRUMP, on communications between two FBI employees: "Mueller terminated them illegally.


Croat minister Marija Pejcinovic Buric elected head of Council of Europe: official

Croat minister Marija Pejcinovic Buric elected head of Council of Europe: official Croatian Foreign and European Affairs Minister Marija Pejcinovic Buric was on Wednesday elected secretary general of the Council of Europe's parliamentary assembly for the next five years, the current head said. With 159 votes from 268 members of the Parliamentary Assembly of the Council of Europe (PACE) meeting in Strasbourg, Pejcinovic Buric beat Belgian Foreign Minister Didier Reynders to the job, said PACE head Liliane Maury Pasquier. Buric said the Council of Europe was a vital institution in Europe.


Gas prices could rise after fire-stricken refinery closes

Gas prices could rise after fire-stricken refinery closes The largest oil refinery on the East Coast said Wednesday that it will close after a devastating fire last week that set off explosions and damaged equipment, and analysts said consumers could see gas prices rise as summer travel hits full swing. Philadelphia Energy Solutions sent a notice to state labor officials that it will shut the plant down Monday and lay off about 1,020 workers there in the next two weeks after that. Gasoline futures prices spiked Tuesday night after the first news of the refinery's possible closure, and prices remained high Wednesday, according to the markets research company FactSet.


Imagine Owning PAS Group (ASX:PGR) And Trying To Stomach The 88% Share Price Drop

Imagine Owning PAS Group (ASX:PGR) And Trying To Stomach The 88% Share Price Drop Long term investing is the way to go, but that doesn't mean you should hold every stock forever. It hits us in the gut...


5 Major Decisions New Retirees Need to Make

5 Major Decisions New Retirees Need to Make Leaving the workforce? Make these five big choices ASAP.


Apple considered fitting a camera in the Apple Watch's wristband

Apple considered fitting a camera in the Apple Watch's wristband If the Apple Watch ever does get a camera, it might end up in the wristband.Apple has indeed mulled ways to add a camera into the wearable, according to a U.S. patent filing that was granted today. The company has come up with a novel solution: It involves placing the camera module inside the product's flexible wristband, giving you the freedom to aim the lens.The patent filing contains examples of the concept, which integrates the optical sensor on the end of the wristband. As you wear the Apple Watch, you would use your other hand to hold up the camera module and take photos by pinching an adjacent button. Any images you captured would appear on the watch's main display, which would act as the viewfinder. Read more...More about Apple Watch, Tech, and Big Tech Companies


Chainalysis Appoints Former FinCen Officer as Technical Counsel

Chainalysis Appoints Former FinCen Officer as Technical Counsel Chainalysis has appointed Michael Mosier as its new Chief Technical Counsel. Mosier will now be responsible for legal expertise of Chainalysis products such as data privacy and global anti-money laundering, sanctions, policy, and government issues. At Chainalysis, Mosier will work closely with Jesse Spiro, Global Head of Policy, who joined the firm from financial information services firm Refinitiv and Kristofer Doucette, Vice President of Government Affairs, who previously served at the U.S. Department of the Treasury in financial intelligence.


Stocks indexes end mostly lower after early rally fades

Stocks indexes end mostly lower after early rally fades Stocks closed slightly lower on Wall Street Wednesday after an early rally fueled by optimism over the next round of trade talks between the U.S. and China lost momentum toward the end of the day. The wobbly finish extended the S&P 500 index's losing streak to a fourth straight day, though the market is still on track to end the month with solid gains. Losses in health care stocks, consumer goods makers and utilities offset solid gains in technology sector companies.


'This American dream': pain overwhelms family of drowned migrants

'This American dream': pain overwhelms family of drowned migrants San Salvador (AFP) - "They had this American dream," sobbed Rosa Ramirez after images of her drowned son and granddaughter, discovered face-down on the banks of the Rio Grande between Mexico and the United States, shocked the world on Wednesday. The poignant pictures of Oscar Alberto Martinez and his toddler daughter Valeria -- not yet two years old -- has sparked outrage back home in El Salvador, where around 200 migrants like them leave for the United States daily, preparing to take similar risks.


Federal Cybersecurity Failures Include a 48-Year-Old System Few People Knew How to Use

Federal Cybersecurity Failures Include a 48-Year-Old System Few People Knew How to Use Federal Cybersecurity Failures Include a 48-Year-Old System Few People Knew How to Use


Wayfair workers protest sale to detention center

Wayfair workers protest sale to detention center Employees at online home furnishings retailer Wayfair walked out Wednesday to protest the company's decision to sell $200,000 worth of furniture to a government contractor that runs a detention center for migrant children in Texas. Several hundred people joined the protest at a plaza near the company's Boston headquarters, a mix of employees and people from outside the company. More than 500 employees at the company's Boston headquarters signed a protest letter to executives when they found out about the contract.


What Happened in the Stock Market Today

What Happened in the Stock Market Today Investors were OK with an earnings decline at FedEx, and Micron Technology's report gave a boost to technology stocks.


Did Changing Sentiment Drive PAS Group's (ASX:PGR) Share Price Down A Painful 88%?

Did Changing Sentiment Drive PAS Group's (ASX:PGR) Share Price Down A Painful 88%? Some stocks are best avoided. We really hate to see fellow investors lose their hard-earned money. Spare a thought for...


Why Pareteum Stock Plunged Today

Why Pareteum Stock Plunged Today Another day, another short-seller's report.


Indonesia on Edge as Court Set to Rule on Jokowi's Re-election

Indonesia on Edge as Court Set to Rule on Jokowi's Re-election (Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.An Indonesian court is set to rule on an appeal against the re-election of President Joko Widodo, with tens of thousands of armed police and military personnel deployed across Jakarta to quell any outbreak of political violence.The Constitutional Court will rule at 12:30 p.m. local time Thursday on whether the official result declaring Jokowi, as Widodo is known, as the winner of the April 17 election was legal, according to court spokesman Fajar Laksono. Prabowo Subianto, who challenged Jokowi in a bitterly contested election, had repeatedly claimed victory, alleging irregularities in the polls. The former general initiated the legal case, which is seeking disqualification of Jokowi and a fresh vote.With a group backing Prabowo, as Subianto is commonly known, pledging to gather 100,000 people for a rally on Thursday, authorities will deploy 47,000 security personnel around the court, the president’s palace, parliament and the election commission’s offices. Nine people were killed and hundreds injured in two days of violent clashes amid protests against the official announcement of Jokowi’s win last month.Though the police have barred groups from holding any rallies around the court, PA 212, which organized mass demonstration to seek jailing of former Jakarta Governor Basuki Tjahaja Purnama in 2016, began to gather its supporters in the capital from Wednesday. Coordinating Minister for Politics, Legal, and Security Affairs Wiranto said police will act against those defying the ban on gathering.No Surprise“The judges have decided to bring forward the ruling by a day and it’s a signal that there are no sharp differences among them,” said Djayadi Hanan, executive director of polling group Saiful Mujani Research & Consulting. “It’s unlikely that there would be a surprise. The judges are likely to reject Prabowo’s application.”Still, the opposition was confident of a favorable ruling, said Dahnil Anzar Simanjuntak, a spokesman for Prabowo, noting he would accept the court decision. Jokowi’s campaign team believes the court will reject Prabowo’s challenge, according to Ade Irfan Pulungan, a lawyer and member of the team.The election campaign was marred by identity politics, with the opposition targeting the president’s religious credentials and his alleged proximity to China. Some of the most conservative regions -- such as West Java, West Sumatra and Aceh -- overwhelmingly voted for Prabowo, who was backed by hardline Islamic groups and parties, data from the elections commission showed.Healing DivideThe court ruling should help heal the divide caused by the disputed outcome and allow Jokowi to focus on steps to shield Southeast Asia’s largest economy from an escalating U.S.-China trade war that’s threatening to hurt growth and fuel a trade deficit. The president heads into the second term with an increased coalition majority in parliament will help him pass tough laws to open up Southeast Asia’s largest economy and draw foreign investors.With Jokowi looking to reboot his cabinet, Prabowo’s Gerindra party has signaled it’s open to joining.“Both sides have issued many statements calling for reconciliation and the court proceedings itself was a form of reconciliation,” Hanan said. “Jokowi has also stated that he would be a president for all Indonesians and that’s reconciliation as well.”Jokowi, who won 55.5% votes, is scheduled to be sworn in for a second five-year term in October.To contact the reporter on this story: Arys Aditya in Jakarta at aaditya5@bloomberg.netTo contact the editors responsible for this story: Thomas Kutty Abraham at tabraham4@bloomberg.net;Ruth Pollard at rpollard2@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


Argentina's Election Faces Uncertainty as Pollsters Go Dark

Argentina's Election Faces Uncertainty as Pollsters Go Dark (Bloomberg) -- Uncertainty is shrouding Argentina’s presidential election this year, but the country’s top pollsters, who usually shed light on the political landscape, are keeping their polls private for now.A dearth of reliable, public poll data is adding another layer of doubt to what’s expected to be a hard-fought and closely contested race that holds major implications for Argentina and its economy. Some of the country’s most respected polling firms haven’t published polls lately as they prioritize private clients over sharing the research with the public as in other election cycles.“The most respected ones aren’t talking and the rest of us who do talk aren’t in agreement -- one says this, the other says that,” said Nicolas Solari, director of Real Time Data, which opened earlier this year to track the election.For Latin America’s third-biggest economy, the stakes loom large as President Mauricio Macri faces off against a ticket headed by Alberto Fernandez but featuring Macri’s populist predecessor, Cristina Fernandez de Kirchner. Investors’ concern is that Fernandez and Kirchner could reverse Macri’s pro-business economic policies if they win, just as Macri tore up Kirchner’s policies when he arrived in 2015. So far, it appears that the race is a dead heat.New polling firms like Solari’s have sprouted up to fill the void left by larger, more established firms like Poliarquia, Isonomia and Management & Fit, but are challenged by a sparse track record. The common use of robocalls or online surveys raises concerns about the reliability of polling results. The fallible wave of data comes as pollsters’ credibility is in question globally after missing Brexit and the 2016 U.S. election.Even compared to regional peers like Mexico and Brazil, Argentina has a notable lack of official polling standards. There’s little electoral regulation, no required methodology or calendar of publication dates. There are also few sources of funding, according to Ernesto Calvo, an Argentine political professor at the University of Maryland.“They’re used for political purposes,” said Calvo. “Some of the constraints are that high quality surveys would be very expensive, then the only ones that can afford to pay for those surveys are parties with deep pockets.”A single poll can have real, immediate consequences for Argentines. In late April, a private Isonomia survey got leaked and showed Macri losing to Kirchner before she had aligned with Fernandez. Investors panicked, the peso fell 9% in a week and government bond yields soared.ARGENTINA INSIGHT: No Room for Populism After Upcoming ElectionThat volatility comes after the peso lost 50% of its value against the dollar last year, dragging Argentines into a recession with 57% inflation. Macri’s approval ratings plunged with the economy.The country’s polling firms cite a variety of reasons for not publicizing their findings. Isonomia director Juan Germano argues that nobody would pay for his polls if they were always in newspapers. Solari notes that the government is a major client for some pollsters: Publishing data that makes Macri look bad doesn’t bode well for business.Pollsters also say they are cautious not to publish data that could be improperly interpreted or compared in the media to another poll without similar methodology, creating public confusion.“Publishing a poll for a runoff vote in November without knowing the candidates or tickets didn’t seem responsible to us,” said Mariel Fornoni, director of Management & Fit.Fornoni added she will publish her polls in the press when the election is closer. However, she spoke about some of her poll numbers at a small event Wednesday in Buenos Aires, and said 38% of voters intend to vote for Macri while 35% would cast their ballot for Fernandez.Read more -- Argentina Politics: Weekly Pre-Election RoundupSome investors argue there’s a case to hold back on publishing polls as campaigns for the primaries don’t officially begin until July 7 and polls show high levels of undecided voters.“It’s problematic predicting electoral results this far out from the election and with a high number of undecided voters,” Daniel Chodos, head of Latin America sovereign credit strategy at Credit Suisse. “All these problems make it so that the polls add uncertainty to the market.”(Updates with Management & Fit presentation in 13th paragrpah.)To contact the reporter on this story: Patrick Gillespie in Buenos Aires at pgillespie29@bloomberg.netTo contact the editors responsible for this story: Juan Pablo Spinetto at jspinetto@bloomberg.net, Robert JamesonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


Appellate court raises new threat to Obamacare

Appellate court raises new threat to Obamacare The 5th U.S. Circuit Court of Appeals asked both sides to file additional legal arguments.


A Look At The Intrinsic Value Of Synertec Corporation Limited (ASX:SOP)

A Look At The Intrinsic Value Of Synertec Corporation Limited (ASX:SOP) How far off is Synertec Corporation Limited (ASX:SOP) from its intrinsic value? Using the most recent financial data...


CoinMarketCap Makes First-Ever Acquisition

CoinMarketCap Makes First-Ever Acquisition The United States-based company is acquiring electronic crypto trading fund Hashtag Capital in order to expand its efforts within its Data Accountability & Transparency Alliance (DATA), an initiative launched in May 2019 to provide greater transparency in crypto space. Following the acquisition, the Hashtag Capital team will be joining CoinMarketCap to work on pricing algorithms for over 2,000 digital coins listed on its platform, as well as to develop new data offerings on the platform, the press release notes.


The Latest: Refinery confirms it will close, lay off workers

The Latest: Refinery confirms it will close, lay off workers The owner of the largest oil refinery on the East Coast is giving first public confirmation of its plans to close the facility after a fire last week set off explosions and damaged the complex. Philadelphia Energy Solutions told the state labor department Wednesday that it will discontinue operations Monday and complete the layoff of about 1,020 workers within two weeks after that. The markets research company FactSet reported that gasoline futures prices spiked Tuesday night after the first news of the refinery's possible closure.


After $7 Billion Flees, H20 Plans to Bury Toxic Debt in New Fund

After $7 Billion Flees, H20 Plans to Bury Toxic Debt in New Fund (Bloomberg) -- H2O Asset Management plans to jettison the controversial holdings that triggered billions of dollars of withdrawals and park them in a new fund, the latest attempt to stabilize a situation that blindsided management.The money manager backed by Natixis SA said in a conference call Wednesday that it expects to dispose of the non-rated corporate bonds from its open-ended funds, which provide daily liquidity to investors. It plans to set up a new portfolio for “deep value” securities.H2O clients yanked their money in droves after Morningstar Inc. suspended its ratings on one of the funds and put its recommendation under review, following a Financial Times report that detailed the number of privately placed bonds connected to Lars Windhorst, a German financier with a history of troubled investments.H20 management was “surprised” by the stampede, Chief Investment Officer Vincent Chailley said on the call. “Had we expected that noise we would probably have acted differently.”An H2O spokesman declined to elaborate on the company’s plans.Asset FallThe fund’s assets under management totaled $30.7 billion as of Wednesday, a decline of almost $7 billion since April 30, but new money entered the funds this week after entry fees were waived, the company said.“Fund flows are returning to normal,” said H2O Chief Executive Officer Bruno Crastes. “We would like to thank our investors for their continued commitment to H2O and to reiterate that 98% of assets held by our funds are perfectly liquid.”Stabilizing the business is a priority as the firm seeks to avoid the fates of funds managed by U.K. stock-picker Neil Woodford and GAM Holding AG.Funds that allow investors to withdraw at will but hold hard-to-sell securities have come under increasing scrutiny from lawmakers and regulators. Bank of England Governor Mark Carney reprimanded such funds Wednesday in testimony before Parliament.“These funds are built on a lie, which is that you can have daily liquidity, and that for assets that fundamentally aren’t liquid,” Carney said. “That leads to an expectation of individuals that it’s not that different than having money in a bank. You get a series of problems, you get a structural problem but then you get a consumer issue.”H2O’s woes highlight post-Woodford twitchiness: Mark GilbertUnion Bancaire Privee is examining its investments in H2O Asset Management, according to a spokeswoman for the Swiss private bank. Geneva-based UBP manages about $130 billion globally. Investec Plc, which had been invested in H2O’s multi-bonds strategy as recently as the end of May, has cut its holding, a spokeswoman said without elaborating.\--With assistance from Suzy Waite, Patrick Winters and Luca Casiraghi.To contact the reporters on this story: Nishant Kumar in London at nkumar173@bloomberg.net;Lucca de Paoli in London at gdepaoli1@bloomberg.netTo contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Peter Eichenbaum, Pierre PauldenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


California’s Transgender Prison Policy Is a Disaster for Women

California’s Transgender Prison Policy Is a Disaster for Women Let’s suppose you care about the safety of women and girls. Where is the last place on earth you would lock up a predator? Might it be a women’s prison: a place where vulnerable women have no escape?This is the bleak reality of a bill approved in the California senate by 29–7 last month (Senate Bill 132) that has been heard by the assembly’s public-safety committee and will soon appear before the appropriations committee: It would require the California Department of Corrections and Rehabilitation to house, search, and refer to inmates according to their preferred gender identity. No doctor’s certificate or chemical or surgical changes are needed. And what if the individual is a convicted sex offender, wife beater, or stalker? No matter, the person must still be treated according to his or her gender-identity preference.At first glance, the rationale is understandable. The bill outlines how transgender women in prisons are “particularly vulnerable to sexual abuse and sexual harassment.” It cites a study noting that they are 13 times more likely than non-transgender inmates in the same prisons to be victims of sexual abuse. And it references official data collected by the federal Bureau of Justice Statistics confirming that in a 2011–12 nationwide survey, nearly 40 percent of incarcerated transgender individuals reported experiencing sexual victimization while incarcerated. To be sure, life must be tough for sexual minorities in prison.But what the bill and its supporters completely neglect to address is the vulnerability of women. The bill does not include any data, information, or even a single reference to the vulnerability of incarcerated females to violent assault from males. This is striking given that more than 90 percent of rape and sexual-assault victims are women and the overwhelming majority of rapes are committed by males. No one has yet demonstrated how transgender women pose less of a risk to women than the rest of the male population does. But, at any rate, the bill as drafted fails to set forth any way to stop a male -- any male, including sex offenders -- who identifies as female from getting access to vulnerable women.Speaking at the California assembly hearing yesterday, Abigail Lunetta (a self-described “Democrat, feminist, and an advocate for women’s rights”) opposed the bill: “Right now, Richard Masbruch, a trans-identified male, is currently housed with female inmates in Corona, even though he is serving time for targeting, raping, and torturing women. Under no circumstances is this morally justifiable.”Feminists in Struggle, a nationwide feminist organization, were also “strenuously opposed” to the bill. The door would be open for "sexual predators of various types, from voyeurs to rapists, to reinvent themselves as female by taking on female names and identities,” they explained. “Add to this reality that the majority of female prisoners have been molested, raped, sexually assaulted, trafficked, coerced or forced into pornography and/or prostitution, and the potential harm to incarcerated women and girls is greatly increased.”The radical feminist group Women’s Liberation Front also expressed “adamant opposition,” saying the bill would “put women prisoners and women prison guards and staff, at serious increased risk of male violence.” They labeled the bill a “stunning attack on incarcerated women and one of the most extreme examples of elevating men’s feelings over women’s physical and psychological safety.”Note: These objections are largely coming from the left. So why won’t Democrats listen?Other groups, such as the Transgender Law Center, are single-minded in their pursuit of “transgender equity.” They emphasize that the bill “will help ensure the safety and dignity of incarcerated transgender people within the criminal-justice system.” Similarly, the American Civil Liberties Union (ACLU) of California ignores women’s concerns, stating that it is “proud to sponsor” the bill. In their pledge of support, the ACLU notes that efforts are already under way in other states, including Connecticut, which “became the first state in the nation to establish a legal right to be housed in a prison that matches the gender with which people identify.”Indeed, since 2016, under the Obama administration, the U.S. Bureau of Prisons required that federal inmates’ gender identity be “given serious consideration” in housing decisions. This was challenged the same year when three female prisoners at the Carswell Federal Medical Center in Fort Worth filed a federal complaint saying that being housed with males who identify as females would put them at risk. The Trump administration has since rolled back the federal guidelines and suggested a case-by-case approach. But this is not enough to protect vulnerable girls and women.Perhaps the Trump administration could learn a thing or two from the United Kingdom. Earlier this year, Britain became the first country in Europe to create a transgender prison wing. This is a compromise that could protect vulnerable transgender prisoners without sacrificing women’s safety. The change came after the U.K.’s Ministry of Justice confirmed the findings of a women’s-rights group, Fair Play for Women, that almost half of trans prisoners are sex offenders, compared with 19 percent of the prison population as a whole. “Prison governors and doctors say some sex criminals transition to get access to women,” the Times of London reported in May.Unfortunately, in the U.K., the issue rose to national attention only after a child sex abuser by the name of Stephen Wood, who identified as female and called himself Karen White, was sent to a women’s prison with his male genitalia fully intact. While there, he sexually assaulted multiple female inmates. With California heading in this direction, we have to ask: How many more women will have to be harmed by these policies before U.S. legislators will care?


Why BlackBerry, AeroVironment, and Global Blood Therapeutics Slumped on Wednesday

Why BlackBerry, AeroVironment, and Global Blood Therapeutics Slumped on Wednesday Find out how earnings hurt some of these stocks.


Here's Why Bitcoin and Grayscale Bitcoin Trust Are Soaring Today

Here's Why Bitcoin and Grayscale Bitcoin Trust Are Soaring Today The cryptocurrency has risen by about $2,000 in one day.


US STOCKS-S&P 500 dips as healthcare declines counter tech gains

US STOCKS-S&P 500 dips as healthcare declines counter tech gains The S&P 500 ended lower on Wednesday as gains in technology stocks were offset by a drop in healthcare shares, and investors parsed mixed messages over prospects for a deal to end a trade war between the United States and China. Technology shares led the Nasdaq higher while the Dow Jones Industrial average posted a nominal loss.


A Look At The Fair Value Of Synertec Corporation Limited (ASX:SOP)

A Look At The Fair Value Of Synertec Corporation Limited (ASX:SOP) Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Synertec Corporation...


Trump says he 'made' Fed Chairman Powell

Trump says he 'made' Fed Chairman Powell The stock market has taken in stride the almost daily drumbeat of President Donald Trump's attacks on Federal Reserve Chair Jay Powell, caring more about how the two men tackle their respective jobs than how they handle each other. Trump is unhappy with Powell and the Fed for raising interest rates too high last year while central bankers in other countries keep rates low to support their economies. Whether Trump would fire Powell — or can legally — has been the subject of debates on the financial news networks, sometimes involving Trump himself.


Why EnscoRowan, Grocery Outlet Holding, and Overstock.com Jumped Today

Why EnscoRowan, Grocery Outlet Holding, and Overstock.com Jumped Today Soaring cryptocurrencies lifted one of these hot stocks.


Canada, Netherlands to pilot test epassports for transatlantic flights

Canada, Netherlands to pilot test epassports for transatlantic flights Canada and the Netherlands announced Wednesday the launch of a pilot project for paperless travel between the two countries. Identity data that is usually stored on a chip on a passenger's passport will instead be securely stored and encrypted on their mobile device. Passengers flying from Montreal to Amsterdam will be able to manage their encrypted identity data, consenting to share it with border authorities, airlines and others.


Amazon's New Store for Beauty Professionals: How Much of a Threat?

Amazon's New Store for Beauty Professionals: How Much of a Threat? Amazon's New Store for Beauty Professionals: How Much of a Threat?


A Quest for Scale: Why Newmont Bought Goldcorp

A Quest for Scale: Why Newmont Bought Goldcorp Examining Newmont's merger with Goldcorp to form a company with vast reserves and resources.


Schnitzer Steel Industries Inc (SCHN) Q3 2019 Earnings Call Transcript

Schnitzer Steel Industries Inc (SCHN) Q3 2019 Earnings Call Transcript SCHN earnings call for the period ending May 31, 2019.


General Mills Inc (GIS) Q4 2019 Earnings Call Transcript

General Mills Inc (GIS) Q4 2019 Earnings Call Transcript GIS earnings call for the period ending June 26, 2019.


Why Investors Should Be Excited For Newmont Goldcorp's Joint Venture With Barrick

Why Investors Should Be Excited For Newmont Goldcorp's Joint Venture With Barrick How two gold mining giants are partnering to drive billions cost savings.


The Laneway Resources (ASX:LNY) Share Price Is Up 350% And Shareholders Are Delighted

The Laneway Resources (ASX:LNY) Share Price Is Up 350% And Shareholders Are Delighted Buying shares in the best businesses can build meaningful wealth for you and your family. And highest quality...


Trump Eclipsed by Democrats as He Muses on Live-Tweeting Debate

Trump Eclipsed by Democrats as He Muses on Live-Tweeting Debate (Bloomberg) -- President Donald Trump will find himself in an unfamiliar position Wednesday night, serving as a backdrop rather than the main attraction as his Democratic rivals kick off a series of presidential debates.Trump said he plans to watch the first one aboard Air Force One on his way to Japan for the Group of 20 summit. He’s already mused about tweeting during the event, which he predicted earlier Wednesday would be “very boring.”“I’m going to watch it because I have to,” Trump said in an interview with Fox Business Network. “That’s part of my life, you know, it’s part of my life.”But the second debate, scheduled for Thursday night in Miami, could prove the bigger annoyance to the president. It will take place while he’s meeting with world leaders in Japan, likely eating into news coverage of his moment on the world stage, where he could make headway on a trade deal with China and the stand off with Iran.Trump has been known to reclaim the spotlight with attacks on Twitter. When Beto O’Rourke was soaking up media attention in April, Trump fired off a flurry of 50 Tweets in 24 hours. The move became a story in itself and was a lead talking point on morning cable news.On Wednesday night, one of his favorite targets, Senator Elizabeth Warren, will take center stage.Trump grabbed the spotlight before he left for Japan. He called in to Maria Bartiromo’s show on Fox Business Network and said he’d prefer Mario Draghi, president of the European Central Bank, at the helm of U.S. monetary policy instead of Federal Reserve Chairman Jerome Powell.Trump also fired off incendiary tweets attacking the co-captain of the U.S. women’s national soccer team for saying she’s not going to visit the White House after this year’s World Cup.Many White House aides and advisers expect Trump to tweet commentary during the Wednesday night debate, though some have urged him to stay out of the fray and let the Democrats fight among themselves.Trump has yet to take that advice. Instead, he has actively sought to disparage potential rivals. In the past week, he has said there is “something going on” in former Vice President Joe Biden’s brain and said Senator Bernie Sanders “looks like a tired crazy.”Regardless of what Trump does during the debates, he will have a presence as the center of Democrats’ ire. The question is whether Democrats will direct the bulk of their attacks against the president or each other.Some of Trump’s advisers say the best-case scenario would be for the public’s attention to be focused on positions Democrats take on health care, immigration, and taxes, which they say are too extreme for swing voters. They are counting on a drawn-out Democratic primary that leaves the winner damaged and low on cash.Even if Trump remains quiet, his political surrogates won’t. His campaign has a war room and rapid response team in place, including staff in Miami, prepared to respond to Democrats’ attack on social media. And pro-Trump super-political action committee, America Rising, will be releasing opposition research it has collected on the candidates on social media and a live blog. Trump’s family -- including his outspoken son, Donald Trump Jr. -- is also expected to chime in.To contact the reporter on this story: Shannon Pettypiece in Washington at spettypiece@bloomberg.netTo contact the editors responsible for this story: Alex Wayne at awayne3@bloomberg.net, Joshua Gallu, Justin BlumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


Burger King is helping graduates pay off student loans

Burger King is helping graduates pay off student loans Need help paying off your student debt?Burger King can help. The burger company has a student loan repayment program that's active through June.


REFILE-UPDATE 1-Investors pile into U.S. money funds for nine straight weeks -iMoneyNet

REFILE-UPDATE 1-Investors pile into U.S. money funds for nine straight weeks -iMoneyNet Investors shifted more cash into money market funds for nine consecutive weeks, suggesting they are somewhat nervous even as Wall Street is hovering at all-time highs, according to a private report released on Wednesday. Assets of money market funds, which are considered nearly as safe as bank accounts, increased by $19.13 billion to $3.156 trillion in the week ended June 25, the Money Fund Report said. During this nine-week stretch, total fund assets have risen by $146 billion.


Blue States Millionaires Would Be Big Winners from SALT Cap Repeal

Blue States Millionaires Would Be Big Winners from SALT Cap Repeal Some lawmakers from high-tax blue states want to repeal the $10,000 cap on state and local tax deductions imposed by the Tax Cuts and Jobs Act, but according to the Joint Committee on Taxation, doing so would provide a sizable benefit to wealthy taxpayers.In a report released Monday, JCT said that eliminating the SALT cap would lower the tax burden on the roughly 600,000 households earning more than $1 million a year by a total of $40 billion. That’s 52% of the $77.4 billion in tax breaks that would be restored with a repeal of the SALT cap. Households earning more than $200,000 a year would claim 92% of the restored tax break, JCT said.The House Ways and Means Committee will hold a hearing this week on how the SALT cap has affected middle-income taxpayers and local school districts. Some House Democrats are pushing for legislation to raise or even eliminate the cap, but no changes are expected anytime soon, since Senate Finance Committee Chairman Chuck Grassley has said he does not plan to address the issue.Like what you're reading? Sign up for our free newsletter.


Cut-rate prices online: shoppers' win, businesses lose

Cut-rate prices online: shoppers' win, businesses lose Cut-rate prices on websites that sell wedding dresses direct from China put pressure on Ann Campeau, who owns four bridal shops. Bridal shops sell dresses at the manufacturer's suggested retail price, similar to prices at auto dealerships. "I don't think our industry can afford to raise our prices without losing most of our customers to online sales," Campeau says.


Cut-rate prices online: shoppers' win, businesses lose

Cut-rate prices online: shoppers' win, businesses lose Cut-rate prices on websites that sell wedding dresses direct from China put pressure on Ann Campeau, who owns four bridal shops. Bridal shops sell dresses at the manufacturer's suggested retail price, similar to prices at auto dealerships. "I don't think our industry can afford to raise our prices without losing most of our customers to online sales," Campeau says.


Bank of America to stop financing operators of private prisons, detention centers

Bank of America to stop financing operators of private prisons, detention centers JPMorgan Chase & Co and Wells Fargo & Co. made similar commitments to stop financing private prison companies earlier this year. Activism against the financing of private prisons has increased amid tightening immigration policies under U.S. President Donald Trump and concerns about detention conditions. Private detention centers account for about two-thirds of people held by U.S. Immigration and Customs Enforcement, S&P Global Ratings estimated last year.


Laneway Resources's (ASX:LNY) Wonderful 350% Share Price Increase Shows How Capitalism Can Build Wealth

Laneway Resources's (ASX:LNY) Wonderful 350% Share Price Increase Shows How Capitalism Can Build Wealth Long term investing can be life changing when you buy and hold the truly great businesses. While not every stock...


Stocks Edge Lower; Treasuries Fall, Oil Advances: Markets Wrap

Stocks Edge Lower; Treasuries Fall, Oil Advances: Markets Wrap (Bloomberg) -- Most U.S. stocks fell as trade concerns countered strength in the tech sector. Treasuries declined with gold after investors eased back bets on a deep cut to interest rates next month.The S&P 500 dropped for a fourth-straight day, with three stocks retreating for every two that rose. The benchmark swung between gains and losses for most of the afternoon session as investors weighed mixed messages on trade heading into this weekend’s highly-anticipated meeting between Presidents Donald Trump and Xi Jinping. The Nasdaq indexes advanced, even as Facebook Inc. and Google fell after Trump said the U.S. “perhaps” will sue the two companies. Micron Technologies Inc.’s profit topped estimates, spurring the Philadelphia Semiconductor Index to the highest level in more than a month.Ten-year Treasury yields pushed back above 2%, and gold retreated as investors continued to digest rate-cut comments Tuesday by Federal Reserve officials that didn’t match market expectations. The dollar was little changed versus major peers, while West Texas crude rose toward $60 a barrel.“There are two things we’re focusing on: the G-20 meeting this week in Osaka, and the second one is the Fed and the potential for monetary easing, not only at the Fed but also at a lot of these major central banks,” Jack Janasiewicz, a portfolio strategist at Natixis Investment Managers, said in an interview. “Both of those are giving quite a few different cross-currents which could have pretty significant implications for how the market will react going forward.”The trade spat between the U.S. and China is looming large for investors ahead of this weekend’s meeting at the Group of 20 conference. Trump once again threatened Wednesday substantial additional tariffs if a deal can’t be reached. Meanwhile, many traders hope the Federal Reserve will counter any headwinds to global growth with deep interest-rate cuts, though Fed member James Bullard made clear Tuesday that’s not a given.Elsewhere, Bitcoin surged above $13,000 to the highest since January 2018. New Zealand’s dollar strengthened after its central bank left rates unchanged.U.S. futures spiked higher overnight after a CNBC report that Treasury Secretary Steven Mnuchin said a trade deal was 90% done. The report was corrected to indicate that the comments referred to May.Here are some key events coming up:The Group of 20 summit is in Osaka, Japan, on Friday and Saturday.These are the main moves in markets:StocksThe S&P 500 Index fell 0.1% as of 4 p.m. New York time.The Nasdaq composite gained 0.3%, while the Nasdaq 100 advanced 0.5%.The Stoxx Europe 600 Index declined 0.3%.The MSCI Emerging Market Index increased 0.3%.The MSCI Asia Pacific Index sank 0.3% to the lowest in a week.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro rose 0.1% to $1.1376.The British pound fell 0.1% $1.2677.The Japanese yen dipped 0.4% to 107.67 per dollar, the weakest in a week.BondsThe yield on 10-year Treasuries advanced six basis points to 2.05%.Germany’s 10-year yield gained two basis points to -0.301%.Britain’s 10-year yield increased three basis points to 0.819%.CommoditiesWest Texas Intermediate crude gained 2.3% to $59.17 a barrel, the highest in more than four weeks.Gold fell 0.4% to $1,413.40 an ounce, the first retreat in more than a week.\--With assistance from Ksenia Galouchko, Robert Brand and Laura Curtis.To contact the reporters on this story: Randall Jensen in New York at rjensen18@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, ;Samuel Potter at spotter33@bloomberg.net, Ravil ShirodkarFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


Legal Sports Gambling

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Imgur Receives $20M From Ex-Ripple CTO’s Payments Startup

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Northern Trust transfers its PE blockchain-based platform to Broadridge

Northern Trust transfers its PE blockchain-based platform to Broadridge Wealth management provider Northern Trust has announced it is transferring its blockchain-based platform to Broadridge, which will continue to develop it.The post Northern Trust transfers its PE blockchain-based platform to Broadridge appeared first on The Block.


Imagine Owning Stamper Oil & Gas (CVE:STMP) And Taking A 99% Loss Square On The Chin

Imagine Owning Stamper Oil & Gas (CVE:STMP) And Taking A 99% Loss Square On The Chin Long term investing is the way to go, but that doesn't mean you should hold every stock forever. It hits us in the gut...


Exclusive: FAA says it identifies new potential risk on 737 MAX

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