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God, money, YOLO: how Cathie Wood found her flock

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The first of four children of Irish immigrants, Ms Wood spent much of her childhood moving – her father was a radar technician for the Air Force – before the family moved to Culver City, California. school in 1974, then attended the University of Southern California, majoring in Business Administration.

There she found a mentor in Arthur Laffer, one of the patron saints of the supply-side economy, after she applied for admission to one of her graduate courses.

“It took a lot of nerve,” said Mr. Laffer, 81.

He found Ms Wood to be an impressive student, unwilling, he said, to drop a subject until she fully understood it.

“I have never seen someone so thorough, so careful and so research-oriented in my life, which makes her pretty sure of herself,” he said.

Ms. Wood’s work ethic and voracious consumption of information are recurring themes among her former colleagues. She often woke up long before dawn to catch one of the first trains at Grand Central Terminal each day, treating the nearly two-hour ride from Connecticut as some sort of perpetual cracking session on the tracks.

Before smartphones, tablets and laptops, his colleagues remembered his bags loaded with research reports in and out of the office every day.

Sig Segalas co-founded Jennison Associates, a fund management store in New York City where Ms. Wood worked from the early 1980s to 1998, first as an economist and then as an analyst and fund manager. For many years her office was next to his, and he remembers her as usually one of the last people to leave the office each day.


7 Best Regulated Forex Brokers in USA in 2021

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Forex brokers who allow US citizens to trade currencies online must be subject to US regulations. They must be registered with the Commodity Futures Trading Commission (CFTC) and regulated by the National Futures Association (NFA).

The Commodity Futures Trading Commission is an independent agency of the US government that regulates the US derivatives markets.

The National Futures Association is the self-regulatory body for the U.S. derivative industry, including exchange-traded futures, over-the-counter retail foreign currencies, and over-the-counter derivatives.

Here is a list of seven registered Forex brokerage firms that accept clients from the United States in 2021.

FOREX.com

Forex.com is registered with several regulators around the world, including the leading Financial Conduct Authority (FCA) in the United Kingdom and the Commodity Futures Trading Commission (CFTC) in the United States.

Forex.com offers over 80 currencies and 91 currency pairs that include major, minor, and exotic currencies to trade. The minimum initial deposit required is only $ 100. The broker does not charge any withdrawal, deposit or account fees. Available deposit and withdrawal methods include e-wallets, credit and debit cards, and wire transfers. Forex.com offers user-friendly trading platforms that can be used on the web, mobile or desktop devices.

Forex.com does not, however, offer CFDs to US clients as per regulations, and cryptocurrencies can only be purchased through CFD trading.

eToro

In the United States, eToro’s online platform is offered by eToro USA LLC, which is registered with the Financial Crimes Enforcement Network (“FinCEN”) as a Money Services Business (“MSB”), as well only to applicable state regulators.

eToro has over 2,000 assets and a demo account with $ 100,000 in paper transactions. The broker charges a low trading fee and requires a low minimum deposit depending on the payment method. For example, bank transfers cost nothing while bank cards are charged $ 300. The minimum initial deposit is $ 200 and a withdrawal fee of $ 5 is applicable for withdrawals less than $ 30. Traders can access social trading.

eToro only offers one account base currency which is USD, so there is a conversion fee on the 14 other currencies accepted for deposits. A $ 10 inactivity fee is also billed each month after 12 consecutive months.

IG Group

The IG Group is secure due to its stock exchange listing, the availability of its financial data and its oversight by top regulators.
IG Group offers 80 currency pairs for trading.

IG Group does not charge deposit fees and merchants can credit their accounts with bank cards, wire transfers and electronic wallets. No minimum deposit is required and a trader can first open a demo account with $ 20,000 in virtual funds.

IG Group charges an inactivity fee for customers who are inactive for two years. IG Group also charges a high currency exchange fee with a standard 0.5% fee for currency conversion.

TD Ameritrade

TD Ameritrade is regulated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Commodity Futures Trading Commission (CFTC), Hong Kong Securities and Futures Commission, Monetary Authority of Singapore (MAS). Clients are covered by the US SIPC Investor Protection Regime.

TD Ameritrade offers many account options and does not require a minimum deposit. Deposits and withdrawals are free but can only be done by wire transfer. The trading platform can be downloaded to your tablet or phone.

TD Ameritrade only offers transactions in the US markets and receives almost only US customers.

OANDA

Established in 1996, OANDA is a forex and CFD broker in the United States offering a choice of spread only or base price with spreads starting at 0.1 pips and the choice of forex trading platform MT4 or OANDA .

OANDA offers 38 currency pairs including major, minor and exotic pairs to trade. Its lowest spreads start at 0.9 pips.

The trading platform can be downloaded to a phone, tablet or desktop and deposit methods include credit card, debit card, wire transfer, and payments.
OANDA offers a demo account and does not require a minimum initial deposit or withdrawal fees during your first month.

Interactive brokers

Interactive Brokers LLC is regulated by the SEC and CFTC of the United States and is a member of the SIPC Compensation Plan.

Interactive Brokers does not require a minimum deposit and does not charge withdrawal fees or account fees. You can deposit by check, wire transfer, and bill payment checks online in many currencies including USD, EUR, JPY, GBP, AUD, CHF, CAD. Traders can open a demo account with real-time quotes with paper money valued at $ 1,000,000.

Interactive Brokers Cons charges higher than average inactivity fees on inactive accounts and foreign exchange fees.

ATC brokers

ATC Brokers offers Forex trading under the supervision of the CFTC and NFA. ATC Brokers operates as an agency model (ECN and STP models) and ranks among the top MT4 brokers in the United States.

ATC Brokers combines the advantages of ECN and STP brokers in a hybrid model and provides a fair forex market environment without conflict of interest.
Traders have access to FX trading and metals trading on 38 currency pairs and 2 metals (gold and silver), with reduced spreads on major currency pairs.

✔️ Ready to start trading? Open a FREE trading account here


New York Stock Exchange forces ground traders to vaccinate

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The New York Stock Exchange requires traders to be vaccinated with Covid-19 to gain access to its historic trading floor, stepping up measures against the coronavirus as cases of delta variants increase.

New York Stock Exchange COO Michael Blaugrund emailed the exchange community on Wednesday.

Blaugrund wrote in an email that anyone with a medical or religious exemption should mask themselves and show a recent negative Covid-19 test before entering the room, along with a copy from the Wall Street Journal. Review by.

This memo quotes “recent changes in public health and the latest recommendations from federal, state and local governments.” The NYSE has also expanded its random site testing program to take effect immediately, including vaccinated personnel, according to the note.

NYSE has a total population of hundreds, including traders, exchange employees, and technology vendors. At the height of face-to-face stock trading in the early 2000s, thousands of people rushed to the ground on weekdays, but the rise of e-commerce since then has reduced the number of people.

New York Stock Exchange forces ground traders to vaccinate

Source link New York Stock Exchange forces ground traders to vaccinate

Head of ESB for extended trading hours for stocks, tied with commodities

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The BSE is fighting for longer trading hours in the stock markets. At a recent public event, Ashish Chauhan, MD and CEO of ESB pointed out what he called discrimination between the commodity and equity markets in India.

15 hours negotiation

Commodity markets trade for 15 hours a day, but stocks are only allowed to trade for six and a half hours by the market regulator SEBI.

“The commodity markets trade from 9am to 11.55pm. But when it comes to stocks, we kind of want to stop at 3:30 p.m. I have been told that foreigners are interested in keeping it that way and so are TV news channels because they will have to work longer. But yes, the rest of the world (the markets) trades almost 16 hours a day, ”Chauhan said at a recent virtual conference on capital market reforms.

For more than a decade now, India has been losing out in terms of trading volumes against the Singapore, Dubai and US stock exchanges, mainly due to the shorter trading hours. A few years ago, SEBI declared that the exchanges were free to keep the markets open until 5 p.m. But, according to sources, the regulator has prevented stock exchanges from extending trading beyond 3:30 p.m.

The Metropolitan Stock Exchange of India (MSEI) had tried to extend trading hours to attract higher volumes, but was forced to modify and abandon its plan due to opposition from the major exchanges. Experts say longer trading hours should be done evenly for cash stocks and derivatives to avoid manipulation and concentration of volumes in futures and options.

GIFT city

“We have another stock exchange in India at Gujarat International Finance Tec-city which trades 22 and a half hours a day. The technology is available and, if necessary, we can extend the trading hours for spot stocks and derivatives. T + 1 trade settlement is possible, but I’ve been told foreigners don’t like it … so even that may not happen quickly. But our systems are ready for it, ”said Chauhan.

SEBI chief Ajay Tyagi had expressed his eagerness to bring a T + 1 settlement to the stock markets to ease the hassle of collecting margins. However, the regulator slowed down reform after opposition from foreign investors.

Chinese music group withdraws $ 1 billion from Hong Kong IPO after tech crackdown

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IPO Updates

China’s second-largest music streaming service has canceled an initial public offering of $ 1 billion in Hong Kong as concerns over a growing regulatory crackdown on the country’s tech companies rocked investor confidence.

Cloud Village, the music streaming business of tech group NetEase, will not proceed with an IPO that was scheduled to launch this week due to a disappointing response from investors, according to three people familiar with the matter. The company intended to wait for better market conditions before possibly restarting its listing plans, one of the people said.

The IPO was reportedly one of the biggest sellers of shares in Hong Kong this year and the first major Chinese tech company since Beijing launched a crackdown on foreign listings last month.

Strict new rules from Chinese regulators, put in place following the US IPO of ride-sharing company Didi Chuxing in June, caused a sharp sell-off from Chinese tech and internet groups. All planned IPOs in the United States by mainland Chinese companies have been suspended.

Wall Street bankers have started redirecting billions of dollars in planned listings from New York to Hong Kong following the effective freeze on US listings by Chinese tech groups.

However, investors’ lack of appetite for Cloud Village’s IPO could indicate that escalating tensions between Washington and Beijing may not be a boon for Hong Kong, which has long sought to attract Chinese tech companies. away from the Nasdaq and the New York Stock Exchange.

Chinese tech companies planned to raise at least $ 9 billion by registering in Hong Kong this year, according to Dealogic data.

“Now we have an IPO takedown, and I don’t think that’s the end of it,” said Dickie Wong, head of research at brokerage Kingston Securities. Wong said he expected more Chinese tech groups to delay or cancel their listing plans in the coming months.

“It is no longer an easy task to list Chinese technology companies, whether in Hong Kong [or elsewhere], because of regulatory risk, ”he added.

ByteDance, the Chinese parent company of TikTok, is preparing for an IPO in Hong Kong early next year, the Financial Times reported. His listing plans have been hampered by delays and earlier this year he halted preparations for a possible float in New York or Hong Kong after data security warnings from Chinese regulators.

A fund manager in Hong Kong said the Cloud Village deal appeared to be “in trouble” last week. The bankers had “asked what price we would take it rather than begging for an allowance,” the fund manager said.

A banker close to the deal said some of Cloud Village’s top investors would not agree to their shares being blocked, which would have kept them from selling for several months after the IPO.

Talks with investors came at the same time as shares of Hong Kong-listed short video app Kuaishou fell a record 15% last week after a post-IPO block expired, allowing major funders to sell themselves.

The last-minute turnaround for Cloud Village comes despite antitrust regulators dealing a heavy blow to rival Tencent last month, which bankers expected to boost the valuation of the former. On June 24, China’s State Administration for Market Regulation ordered Tencent Music to relinquish exclusive rights to music labels within 30 days.

However, NetEase was caught in a wave of selling Chinese tech stocks last week as Beijing signaled it would crack down on online gaming. Shares of NetEase, the second largest games group in China after Tencent, have fallen about 11% since the news broke last Tuesday.

A person familiar with Cloud Village’s IPO plans said the company “is closely monitoring market conditions and looking for an optimal launch window.” NetEase did not immediately respond to a request for comment.


Want a side gig to sell products on Amazon or eBay? This 40 hour training is now on sale for $ 30

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The Mexican stock market drops 0.04% but closes the week with a moderate gain of 0.48%

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RIO DE JANEIRO, BRAZIL – The Mexican Stock Exchange (BMV) lost 0.04% of its leading indicator on Friday to 51,113.85 points, but ended the week with a moderate gain of 0.48%.

“The performance of the local market was determined throughout the week by the risk appetite of the rest of the Western markets and not by internal factors,” said Luis Alvarado, analyst at Efe Banco Base.

Read also: Discover our report on Mexico

At the same time, within the Price and Quotations (IPC) index, the main BMV indicator, “weekly gains were recorded at 17 issuers, ie 50% of the sample currently made up of 34 companies”.

Of the 653 companies that traded during the day, 395 ended with their prices rising, 231 suffered losses and 27 others closed unchanged (Photo reproduction on the Internet)

The specialist pointed out that there was greater demand for sectors sensitive to the economic cycle, such as BanBajio (+ 6.9% weekly), Grupo México (+ 3.94%), Cementos Chihuahua (+ 2.14% ) and Grupo Carso (+ 2.09%). “Which were among the five companies with the highest weekly performances”.

Despite the loss on Friday, the Mexican index has recorded a cumulative performance so far this year of 15.99%.

During the day, the Mexican peso depreciated 0.65% against the dollar, trading at 20.05 units per greenback in the interbank market.

The CPI closed at 51,113.85 units with a loss of 21.08 points and a negative change of 0.04% from the previous session.

The volume traded in the market reached 173.3 million shares for an amount of 13,417 million pesos (approximately $ 669.1 million).

Of the 653 companies that traded during the day, 395 ended with their prices rising, 231 suffered losses and another 27 closed unchanged.

The stocks with the biggest upward variation were Banco Santander (SAN), with 6.86%; the automobile transport company Grupo Traxión (TRAXION A), with 3.03%, and Banco Santander México (BSMX B), with 2.93%.

In contrast, the companies with the greatest downward variation were Value Grupo Financiero (VALUEGF O), with -10.85%; the Anheuser-Busch Inbev brewery (ANB), with -9.46%, and the sea carrier Grupo TMM (TMM A), with -4.73%.

During the day, two sectors gained, financials (0.38%) and consumer staples (0.37%), and two lost, materials (-0.69%) and industrials (- 0.54%).

Taylor Swift shares epic 30-song playlist for ‘Red (Taylor’s Version)’

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By Corey Atad.

6 hours ago

The oversized new version of Taylor Swift’s most critically acclaimed album is almost here.

After teasing fans with codes and numbers on Friday, Swift announced the full list of 30 songs for her upcoming Red (Taylor version) Release.

RELATED: Taylor Swift’s ‘Red’ Video on the Vault Door Hints at Ed Sheeran and Phoebe Bridgers Collaborations

The re-recorded album, released on November 19, adds 13 new tracks to the album originally released in 2012.

Along with the re-recordings, Swift brought with her new and familiar faces including Chris Stapleton, Phoebe Bridgers, Mark Foster, and Ed Sheeran.

Among the new tracks is “Run”, featuring Sheeran, which Swift says was the first song the two wrote together after meeting in 2012.

Swift also included an epic 10-minute version of the beloved “All Too Well”.

RELATED: Taylor Swift To Include Emotional Song ‘Ronan’ On ‘Red (Taylor’s Version)’

Check out the full list of trails:

1. State of Grace
2. Red
3. Traitor
4. I knew you had problems
5. Too good
6.22
7. I almost do
8. We will never get back together
9. Stay Stay Stay
10. The Last Time (feat. Gary Lightbody from Snow Patrol)
11. Holy Land
12. Sad Beautiful Tragic
13. The lucky one
14. Everything has changed (feat. Ed Sheeran)
15. Starlight
16. Start over
17. The moment I knew
18. Come back… be here
19. Girl at home
20. State of Grace (acoustic version)
21. Ronan
22. best man
23. Nothing New (feat. Phoebe Bridgers)
24. baby
25. Message in a bottle
26. I bet you think of me (feat. Chris Stapleton)
27. Forever winter
28. Run (feat. Ed Sheeran)
29. The very first night
30. Too good (10 minute version)



Pakistan Stock Exchange loses 150 points to close at 47,489 points 06 Aug 2021

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The Pakistan Stock Exchange (PSX) KSE 100 index trended down on Friday, losing 150.93 points, with a negative change of 0.32%, closing at 47,489.95 points against 47,640.88 points on last working day.

ISLAMABAD, (UrduPoint / Pakistan Point News – August 6, 2021): The Pakistan Stock Exchange’s KSE 100 Index (psx) trended down on Friday, losing 150.93 points, with a negative change of 0.32 percent, closing at 47,489.95 points against 47,640.88 points on the last working day.

A total of 499,734,844 shares were traded during the day compared to the exchange of 546,810,005 shares the day before while the share price stood at Rs 13.655 billion against Rs 15.374 billion the day before.

Up to 473 shares of publicly traded companies, 151 of them posted gains and 300 suffered losses while the stock prices of 22 companies remained unchanged.

The top three listed companies were Pervez Ahmed Co with a volume of 67,528,000 shares and a price per share of Rs 1.69, Unity Foods Ltd with a volume of 35,953,102 and a price per share of Rs 40.42 and Dost Steels Ltd with a volume of 26,094,000 and a price per share of Rs5.35.

Philip Morris Pak saw a peak increase of Rs44.98 per share, closing at Rs964.98. Sapphire fiber finished second, whose share price rose by Rs 30, closing at Rs 949.

Wyeth Pak Ltd recorded a maximum decline of Rs 39.62 per share, closing at Rs 1,957.38, followed by Gatron Ind, whose share price fell by Rs 37.50 per share, closing at Rs 483.50.

Nasdaq reports strong earnings growth as indexation increases

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When the stock market breaks records, it usually means good things for the stock markets. Nasdaq (NASDAQ: NDAQ) Second quarter results were recently released, which were driven by record trading volumes in the US equity and options markets in the first half of 2021. Even other Nasdaq businesses, which are less transaction sensitive, also have prosperous. The Nasdaq benefits from the growing popularity of more passive and less expensive investment strategies. This continued tailwind makes the Nasdaq more than just bullish action.

Image source: Getty Images.

How indexing boosts Nasdaq activity

The investment intelligence business, which includes data, analytics and indices, has experienced strong growth, driven strongly by the index activity of the Nasdaq. Every time an investor invests money in a product linked to a NASDAQ index, the company collects royalties. Assets under management of exchange traded products linked to the Nasdaq indices grew 53% year over year as more investors increasingly favor the lower management fees of indexing – a persistent trend during bull and bear markets.

Nasdaq was the leader in initial public offerings (IPOs) listing 135 in the quarter. The Nasdaq won 78% of the lists, compared to its competitor Intercontinental exchange (NYSE: ICE), which owns the New York Stock Exchange. In addition, he managed the cryptocurrency exchange platform offering Global Coinbase (NASDAQ: COIN), which was the largest direct listing in history. Direct listings allow companies to sell stocks directly to the public without an investment bank. The Nasdaq is working on other avenues to eliminate middlemen and allow companies to negotiate in the market at a lower cost.

The Nasdaq has been active in mergers and acquisitions

The Nasdaq has also been active on the acquisition and divestiture front, selling its fixed income trading operations to Tradeweb Markets. The company also made a strategic investment in Puro.earth, a carbon elimination market. Puro.earth allows companies to buy credits that offset their carbon footprint. Finally, the Nasdaq has integrated its Nasdaq Private Market service into a new joint venture with a consortium of major banks and Wall Street companies. Nasdaq Private Market allows private companies to conduct transactions such as takeover bids, block trades, and stock issues. With this solution, companies will be able to raise capital at a lower cost by eliminating the need for investment banks to perform these processes.

Not cheap, but not really overpriced either

The Nasdaq is trading at 27 times the EPS expected in 2021, which is near the top of its historical range. I wouldn’t say it’s expensive, but it’s also not a great deal at these prices:

PE NDAQ Ratio GraphNDAQ P / E ratio data by YCharts.

Like most of its competitors, the Nasdaq operates in a highly regulated industry with high barriers to entry. It is difficult for competitors to create new exchanges because investors want to go where most people are already trading. This means the Nasdaq will trade at a multiple of premium, especially against its non-GAAP earnings growth, which is expected to be 12% this year.

The Nasdaq also pays a quarterly dividend, but the 1.1% yield is small. However, the company has just increased its dividend by 10%. The stock is likely to be held at these levels, but would be attractive in the event of a pullback.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Questioning an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


Global investors and Indian startups pressure Modi for overseas listings

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Band Aditya Kalra and Abhirup Roy

NEW DELHI, August 6 (Reuters)Leading investors including Tiger Global, Sequoia Capital and Lightspeed have called on Indian Prime Minister Narendra Modi to impose rules allowing companies to register abroad for better access to capital, according to a letter viewed by Reuters.

India in September allowed companies to quote directly on foreign stock exchanges like the New York Stock Exchange or the Nasdaq NDAQ.O, but the government has yet to announce the rules required to govern these registrations.

Calling it an “unfinished reform agenda”, some 22 investors and indian top startups such as food delivery app Swiggy and online tutoring company Byju’s wrote to Modi urging him to step up the policy.

“The current inability of unlisted companies to tap international markets to raise capital is (…) an obstacle to the growth ambitions of Indian startups,” they said in the July 29 letter.

Swiggy and Sequoia declined to comment. Other entities, as well as Modi’s office, did not immediately respond to requests for comment.

The new policy is seen as a boost for Indian unicorn start-ups valued at over $ 1 billion and the digital unit of conglomerate Reliance, which is considering listing in the United States after raising more than $ 20. billion dollars from investors last year.

But the letter comes as many choose to enroll in India.

Indian food delivery company Zomato, backed by the Ant Group, has had a stellar beginnings on the Indian stock exchanges recently, valuing the company at $ 13 billion, while others, including rideshare company Ola, backed by SoftBank, are also considering local listings.

“Even though some companies are preparing to list in India, many others are keen to assess the option of international listing,” the letter says, highlighting how companies in other markets like the United States have market capitalization. much larger than in India. .

The London Stock Exchange, which closely follows India’s policy change, told Reuters last year he was in talks with several Indian tech companies on overseas lists. Such listings will provide an opportunity for some of the world’s leading stock exchanges to compete for fast growing Indian start-ups.

The Indian government was concerned, however, that listing overseas would mean that companies seeking higher valuations with access to a larger group of investors would choose to only list overseas, thus hurting prospects. Indian markets.

The group of investors and startups told Modi that these concerns were “unfounded” and that overseas listings would increase foreign investor interest in Indian startups.

(Reporting by Aditya Kalra in New Delhi and Abhirup Roy in Mumbai; editing by Mike Harrison)

(([email protected]; + 91-11-49548021; Twitter @adityakalra;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Titan Co’s first quarter shines, as do stock valuations, limiting hikes

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Titan Co. Ltd’s (T1FY22) June quarter results are impressive given the difficult business conditions the jewelry retailer faced due to the negative impact of the second wave of covid. In addition, maintains the firm with the gradual lifting of restrictions on stores, sales rebounded strongly towards the end of the first quarter and the momentum continued until the September quarter (T2FY22).

Either way, the relevant question for Titan investors is that valuations for its stocks are expensive. This would mean that the room for maneuver for significant expansion is limited. Currently, the stock is trading at 63 times estimated earnings for fiscal 2023, based on data from Bloomberg.

“We find the stock fully valued at current valuations and hold Hold (rating),” analysts at Jefferies India Pvt said. Ltd in an August 4 report. The broker’s target price for Titan stock is Rs 1,740 per share, below the closing price. price of around Rs1800 each Wednesday at the National Stock Exchange. The broker further added: “We are increasing our profit estimate for fiscal year 22-24 from 3% to 10% to reflect a stronger first quarter and management comments on store operations.”

As the June quarter approached, Titan sales took a small hit until the third week of April, as stores were temporarily closed in some key states. “Subsequently, most stores were closed within a short period of time and were only able to gradually reopen in June, with several restrictions on opening hours and days of the week,” said the company in its presentation.

The result: On a stand-alone basis, Titan reported an EBITDA level profit of Rs144 crore versus a loss of Rs246 crore at T1FY21 when the impact of the pandemic was much more severe. EBITDA is earnings before interest, taxes, depreciation and amortization. Despite this, last quarter EBITDA is almost 75% lower than Q1FY20.

The company’s operating income more than doubled year on year to Rs 2,780 crore. For perspective: Income in the March and December quarter amounted to Rs6900 crore.

Excluding sales of bullion, Titan’s mainstay, jewelry revenue increased 109% year-on-year, helped by zero sales in April of last year. Commenting on the profitability of the Jewelery business, JM Financial Institutional Securities Ltd said: “We found it quite surprising that a company that recorded a stable margin of around 12% could still gain 8.4% when the turnover of business is about 60% lower than higher. ‘Normal’ levels. “The broker further added:” While this helped the June quarter, it also likely implies that the simple lack of operating leverage could also prevent the margin from increasing significantly during the phase. to rebuild income. “

The watch business, which contributes the bulk of Titan’s remaining revenue, saw its earnings before interest and taxes (Ebit) decline compared to the same period last year.

Certainly, analysts believe in Titan’s growth opportunity in the future. Still, as mentioned earlier, valuations aren’t cheap and seem to reflect a good deal of the optimism.

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Rihanna lands on billionaire list, as celebrities move away from licensed products to full-fledged brands

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Almost exactly four years after launching Fenty Beauty in conjunction with LVMH’s Kendo beauty incubator Moët Hennessy Louis Vuitton (and grossing $ 100 million in sales in her first 40 days in business), Rihanna has claimed the status. billionaire, and for the most part, she has her inclusiveness-centric cosmetics brand to thank. The 33-year-old Grammy-winning slash makeup mogul has an estimated net worth of $ 1.7 billion, a substantial portion of which comes from her 50% stake in Fenty Beauty, according to a Forbesi report. (LVMH owns the other 50 percent of the joint venture), which, according to the financial outlet, is “conservatively” worth around $ 2.8 billion.

Speaking on the success of the Fenty Beauty business, Forbes says that in its first full calendar year in 2018, the brand “generated more than $ 550 million in annual revenue, according to LVMH,” allowing it to beat other celebrities – has founded brands like Kylie Cosmetics by Kylie Jenner, KKW Beauty by Kim Kardashian West and Honest Co by Jessica Alba. In its 2018 annual report, LVMH called the beauty brand “deemed to be exceptionally successful Fast forward two years, and LVMH revealed that the brand continues to perform well, with the Fenty Skin sub-brand, which debuted in 2020, on a “very promising start” and “genera[ing] unprecedented buzz ”, and the brand Fenty Beauty, itself,“ maintains[ing] its appeal as a leading makeup brand.

The imminent launch of its first fragrance Fenty, which will be released on e-commerce site Fenty Beauty on August 10, is expected to push the numbers up further.

“Much of the rest [of Rihanna’s net worth] lies in her stake in Savage x Fenty, ”the lingerie brand she launched with Techstyle, the retail group that owns Kate Hudson’s Fabletics and ShoeDazzle, to much fanfare in May 2018. The Savage x Fenty subscription – which offers bras sizes 32A to 38DD, underwear up to size 3X and other lingerie ranging from very small to 3X – were valued at $ 1 billion in February 2021 as part of a $ 115 million Series B round. Prior to this round, Forbes estimated Rihanna’s 30% stake to be worth around $ 80 million.

And yet Rihanna’s earnings as a singer and actress supplement the rest of her net worth.

The wide view: The success of the Fenty Empire – and in particular the Fenty Beauty brand – comes as celebrities rushed to enter the lucrative beauty space by marketing products to their sizable, dedicated fan bases. Celebrities like Selena Gomez, Kim Kardashian, Kylie Jenner, Jennifer Lopez and Stranger Things star Millie Bobby Brown, among others, are increasingly turning to cosmetics and skin care, and going beyond the model. of traditional licensed perfume that has long served as the standard for famous faces to increase their results.

This broader trend also comes as savvy celebrities – armed with tens (if not hundreds) of millions of social media followers – and their leadership teams have sought to rethink the structure and strategy behind such businesses, by turning themselves into distancing from largely one-dimensional chords. from the past, which has seen famous people paid to appear on packaging and in advertising campaigns for perfumes licensed under their names, to more practical and potentially lucrative deals with elements of equity and / or profit sharing in place.


Rakesh Jhunjhunwala to invest in this company, the stock reaches the upper circuit

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Indian ace investor and stock trader Rakesh Jhunjhunwala will invest nearly 31 crore in lesser-known small-cap mining and metallurgy company Raghav Productivity Enhancers, as the company informed in a BSE trade brief on Sunday. Raghav Productivity Enhancers shares continued to increase their earnings on Tuesday as they hit the upper circuit and hit a new high at 752.7 per share. The title has been on the rise since last week.

The company said it would issue up to 6,000,000 unsecured bonded convertible debentures (CCDs) for a maximum amount of 30.9 crore through a preferential allotment on the basis of a private placement to Rakesh Jhunjhunwala. The CCDs will be converted into shares at the end of a period of 18 months from the grant date.

Raghav Productivity Enhancers, based in Jaipur, Rajasthan, is one of the largest manufacturers of Ramming Mass in India. The ramming mass is used in the lining of induction furnaces in steelworks. It also manufactures high quality quartz powder used in glass, ceramics, artificial marble, semiconductors, electrodes, solar power, paint and various other industries. The company is currently exporting its equipment to 28 countries, while supplying its equipment to all of India.

Known as the “Big Bull,” which was recently bullish on the metals space, Jhunjhunwala made a new purchase in metallurgical company PSU Steel Authority of India (SAIL) during the June quarter by purchasing a stake 1.39% in the company, BSE shareholder data showed.

Its portfolio and investments are closely watched by stock market participants. He is a qualified public accountant, manages the asset company Rare Enterprises and invests both in his own name and that of his wife, Rekha Jhunjhunwala. He tends to favor stocks in the financials, tech, retail and pharmaceutical sectors, to name a few. Rakesh Jhunjhunwala and Associates publicly owns 38 shares with a net worth of over 20,294 crores, according to Trendlyne.

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Actions to consider as the $ 1 trillion infrastructure bill moves forward

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Our theme of Shares that benefit from capital expenditure is up 31% year-to-date, outperforming the S&P 500 which is up 17% over the same period. The theme is also up 72% since the end of 2019. The theme includes heavy equipment manufacturers, electrical system suppliers, automation solution providers and semiconductor manufacturing equipment players which are expected to benefit from increased capital spending by business and government. On Friday, the United States Senate voted with a large majority to advance the $ 1 trillion infrastructure bill, which prioritizes upgrading roads, bridges, railroads, l water and related public works. If the bill is finally enacted, it could trigger the biggest investment in U.S. infrastructure in about a century. Separately, there is also a strong incentive for businesses to prioritize capital spending, given low interest rates, strong corporate profit growth and rising prices thanks to the reopening of Covid-19.

In our theme, Applied materials

AMAT
, a company that supplies equipment used in the production of semiconductors and display products, has been the top performer with inventory up 62% since the start of the year, the supply crunch of semiconductors that have led to an increase in demand. On the other hand, industrial major Honeywell has been the worst performer, rising roughly 10% in its share since the start of the year.

[6/30/2021] caterpillar

CAT
, Honeywell, Deere: will the Fed’s hawkish stance hurt CapEx stocks?

Our theme of Equities benefiting from the rise in corporate spending is up 30% year-to-date, significantly outperforming the S&P 500 which is up around 15% over the same period. The theme includes heavy equipment manufacturers, electrical system suppliers, automation solution providers, and semiconductor manufacturing equipment players who are expected to benefit from increased corporate capital spending. Within our theme, Applied Materials, a company that supplies equipment used in the production of semiconductors and display products, has been the top performer with inventory up sharply 64% since the start of the year. year. On the other hand, industrial major Honeywell has been the worst performer, rising its stock by around 2% this year.

So what are the prospects for the theme? The US Federal Reserve has become increasingly hawkish after its mid-June meeting indicating that it could start raising interest rates from 2023, rather than from 2024. Now the wait higher rates strengthened the US dollar, which, in turn, could impact US industry. and manufacturing companies to some extent, making their products more expensive abroad. That said, we believe any negative impact from rate hikes will be more than offset by growth in domestic demand. Corporate profits soared in 2021, prompting companies to invest in upgrading and expanding their capabilities. In addition, trends in the relocation of manufacturing capacity overseas and the US government’s significant infrastructure plan should also help these actions in the medium to long term.

[6/17/2021] Capex Cycle Stocks

Our theme of Equities benefiting from the rise in corporate spending, which includes heavy equipment manufacturers, power system suppliers, automation solution providers and semiconductor manufacturing equipment manufacturers expected to benefit from higher capital spending, is up 29% year-to-date, significantly outperforming the S&P 500 which is up just 13% over the same period.

There are several trends that point to a sharp increase in capital spending in the economy. With demand for almost everything booming in the wake of Covid-19 lockdowns, companies are seeing strong price trends and profit growth. This could prompt them to double capacity expansions and upgrades. Additionally, companies have underinvested in capacity for decades as they shifted to thin asset models that rely on outsourcing production to lower cost markets. However, events such as Covid-19, the trade war with China, and the recent semiconductor crisis are serving as wake-up calls, and governments and businesses are very likely to focus on strengthening their chains. supply, by repatriating crucial production. On the other hand, the government’s plan to overhaul aging infrastructure in the United States may also stimulate demand for some of the companies in our theme.

Within our theme, Applied Materials, a company that provides equipment, services and software used in the production of semiconductor and display products, was the top performer with inventory up 59% since the beginning of the year. On the other hand, industrial major Honeywell was the worst performer, rising its stock by around 3% this year.

[6/2/2021] Capex Cycle Stocks

Prices for a variety of materials and commodities – ranging from metals and construction products to semiconductors – have risen in recent quarters, driven by pent-up demand following the Coivd-19 lockdowns, measures taken by companies to replenish or build up stocks, and also because of disruptions on the supply side. This has resulted in strong earnings growth and an appreciation in stock prices for manufacturing companies. While inventories of manufactures and basic materials remain a decent short-term game for the initial reopening of the economy, there are risks that prices will peak. On the flip side, we believe industrials and manufacturing equipment stocks might be the best option in the long run, as companies look to upgrade their capabilities and invest in new capabilities to meet demand. There are other trends that point to a sharp increase in business capital spending. Companies have seen their profitability increase in recent quarters, and the massive stimulus efforts by governments around the world in the wake of the Covid-19 pandemic could also spur investment. What’s more, President Biden’s plans to revamp America’s aging infrastructure and boost manufacturing capabilities, especially in strategic areas like semiconductors, are also likely to help these companies.

In our theme on Equities benefiting from the rise in corporate spending, We have compiled a list of companies that should benefit from greater investment from companies in the years to come. The theme is up around 33% year-to-date, significantly outperforming the S&P 500 which only rose 12% over the same period. Below is a bit more about the companies in our theme and how they have performed this year.

Caterpillar is one of the world’s largest producers of heavy machinery and construction equipment. The company is expected to benefit from increased federal government infrastructure spending and business capital spending. The stock is up 32% year-to-date.

Deere & Company

OF
manufacturers of machinery used in agriculture, construction and forestry. The company also sells diesel engines and transmissions used in heavy equipment. The stock is up about 34% this year.

Honeywell is an industrial company that offers products focused on aerospace, building technologies, performance materials, and safety and productivity solutions. The stock is up about 9% year-to-date.

Rockwell Automation

Republic of Korea
is a provider of industrial automation solutions. The company sells software, electromechanical equipment and services that help businesses increase their productivity and efficiency. The stock is up about 5% year-to-date.

Applied Materials provides equipment, services and software used in the production of semiconductors and display products. The stock is up 60% since the start of the year, due to the current semiconductor crisis driving demand and also due to the increasing complexity of production in the industry.

Oshkosh is an industrial company that designs and manufactures trucks, airport fire apparatus, and access equipment such as elevators. The stock is up about 53% year-to-date.

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Stock market opportunity in China – CGTN

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Editor’s Note: Daryl Guppy is an international expert in financial technical analysis. He has provided weekly Shanghai Index analysis for mainland Chinese media for over a decade. Guppy appears regularly on CNBC Asia and is known as “The Chart Man”. He is a member of the National Board of Directors of the Australian China Business Council. The article reflects the views of the author and not necessarily those of CGTN.

Bargain hunters come together when the markets are broken because in this situation, good stocks are suppressed along with all other stocks. These massive sales in the market constitute a buying opportunity for certain stocks. This week’s rebound in the Shanghai index has as much to do with the bargain hunt as it does with the calming comments of the vice chairman of the China Securities Regulatory Commission who held a virtual call with the banks of the global investment. The wider media comments highlighted China’s stable economic growth which would serve as a solid foundation for the healthy development of capital markets.

The immediate trigger for the sale was the decision to strictly limit the operations of the educational coaching industry. In response to the education industry’s announcement, the Shanghai Index broke the support offered by the long-term uptrend line that defined index activity from March 2021. It is an open question to what extent this sale was triggered by an overreaction from Western fund managers.

The steep three-day drop bottomed out, then rebounded quickly to close higher. Individual stocks across the board have plummeted regardless of any connection to the education coaching industry.

The sale also affected companies listed outside of China, such as TAL Education, the Chinese tutoring company, which is listed in New York. The sale came after TAL had already lost three-quarters of its market value the previous month. The obvious question to ask is why did the TAL share price drop in the previous month? The answer lies in the government decisions announced earlier.

Although it appeared to come without warning, the move was actually announced earlier in 2021. In May, China adopted a set of guidelines to ease the burden of excessive homework and off-campus tutoring for students. following compulsory education. Last week, the Council of State presented the new regulations.

The exterior view of the Shanghai Stock Exchange in Pudong New Area in Shanghai, east China. / Xinhua

The exterior view of the Shanghai Stock Exchange in Pudong New Area in Shanghai, east China. / Xinhua

Some analysts say the Chinese market is particularly sensitive to government interference, but this conclusion is incorrect. US markets quiver, shake, and crash in response to government decisions like so-called “tantrums”. The US Federal Reserve’s announcements are being watched closely as this government intervention can cause markets to soar or even collapse. The current focus on the US 10-year bond rate leaves investors at the mercy of government decisions.

The Chinese market is no different when it comes to government decisions and their impact on market behavior.

The fall in the market has offered investors several ways to do good business. The first method applies the traditional investment measures summarized by the legendary Warren Buffet. “Buy good companies at a low price.”

PM Capital, a fund manager specializing in global equities, bought Chinese equities amid the uproar. “Stocks in older economies such as telecommunications and banks that have traditionally been in state-controlled sectors are trading at historically low levels on a relative basis,” said fund manager Kevin Bertoli.

Alibaba’s Hong Kong IPO last year is the start of this trend which will be accelerated by recent US decisions making it harder for Chinese companies to go public (IPO) in the United States.

China International Capital Corp (CICC), the Chinese investment bank, is a prime example of this opportunity. The bank will take advantage of the tendency of Chinese companies listed abroad to return to the Chinese lists. Sam Le Cornu, co-founder and managing director of Stonehorn Global Partners, which manages $ 450 million in Asian stocks, noted that “As [companies] come home CICC collects the registration fees. We see that there are opportunities there and there will be more coming back to Hong Kong. “

The second method used by bargain hunters is trend analysis applied to a price activity chart. A strong and lasting uptrend is defined in several ways, including the application of a simple trendline, the use of two or more moving averages, or a selection of other trend identification techniques. All of these tools are readily available on mapping software and services. These trend identification techniques all have one characteristic in common.

A rapid fall from a previously very strong uptrend is most likely temporary and is an overreaction to a general market pullback. Investors are watching these price declines to test support levels in the market. A successful test signals the opportunity for a quick rebound and resumption of the uptrend. This is a well-established buy-on-trend weakness strategy and is applied effectively in selected market sectors.

The rapid fall in the Shanghai index has masked the long-term fundamental strength of the Chinese economy, making it fertile ground for investors looking for bargains. Mass selling is an opportunity that quickly disappears as the market rebounds from its lows.

(If you would like to contribute and have specific expertise, please contact us at [email protected])


China’s Li Auto to raise up to $ 1.93 billion on Hong Kong list

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A Li Xiang One hybrid SUV is on display at the 18th Guangzhou International Automobile Exhibition at the China Import and Export Fair Complex on November 23, 2020 in China.

Li Zhihao | China Visual Group | Getty Images

GUANGZHOU, China – Chinese electric vehicle start-up Li Auto plans to raise around $ 1.93 billion in a secondary listing in Hong Kong.

The Nasdaq-listed company said it would offer 100 million Class A common stock to investors at a price of no more than HK $ 150 or $ 19.29. Final prices will be announced by August 6.

At HK $ 150 per share, Li Auto would raise HK $ 15 billion, or $ 1.93 billion.

Li Auto is continuing its listing despite a recent sell-off in Chinese tech stocks triggered by regulatory crackdowns affecting everything from food delivery to running.

Chinese electric vehicle manufacturers are trying to take advantage of the buzz around the industry to raise funds.

Li Auto’s rival Xpeng last month raised around $ 1.8 billion in a Hong Kong listing.

But Li Auto is also tapping into a trend of Chinese US-listed companies looking to raise funds closer to home. Alibaba, NetEase, and JD.com are among Chinese tech giants that have performed secondary listings.

Doing a secondary listing in Hong Kong also helps guard against some of the geopolitical risks that have impacted financial market regulation.

Earlier this year, the United States Securities and Exchange Commission passed rules that impose more stringent audit requirements on foreign companies listed in the United States.

And last month, the SEC also said it would require additional information from Chinese companies wishing to list on U.S. exchanges.

Li Auto said it plans to use the proceeds from its stock offering for research and development of future technologies and models, as well as expanding the production capacity and footprint of its companies. retail stores.

Competition in the Chinese electric vehicle market is becoming intense. Start-ups like Li Auto, Xpeng and Nio are competing with established players like BYD and Tesla as well as traditional car makers.

Li Auto said on Sunday that it delivered 8,589 Li One vehicles in July, a monthly record. The Li One SUV is the company’s only model on the market. It is a hybrid vehicle with a fuel tank to recharge the battery, extending the range by 180 kilometers by approximately 620 km (385.35 miles).


Earnings and the Federal Reserve are the next big catalysts as stocks enter the week on the upside

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Traders on the New York Stock Exchange, July 20, 2021.

Source: NYSE

Here comes one of the biggest market weeks of the summer.

First, the Federal Reserve meets Tuesday and Wednesday. While no action is expected, there could be a mention of a possible withdrawal of the central bank from its bond program. This could shake up the markets as the reduction in bond purchases by the central bank is seen as the first step on the path to higher interest rates.

Then, around 165 companies in the S&P 500 publish earnings reports, including the biggest names in tech: Apple, Microsoft, Amazon, Alphabet, and Facebook. Tesla reports, as do industrial heavyweights Boeing and Caterpillar. There are many names of consumers, including Procter & Gamble and McDonald’s.

There is also important economic news. The second quarter is expected to be the peak period for post-pandemic growth, and the gross domestic product for the quarter will be released on Thursday. The Fed’s favorite inflation measure, the Personal Consumer Expenditure Inflation Index, is released on Friday.

New highs for the main indices

The three major US stock indices enter the busy week with new closing highs. The Dow Jones closed above 35,000 for the first time on Friday. The S&P 500 gained 1% to close at 4,411.79, and the Nasdaq Composite ended the day up 1%.

“I think the profits are going to be the show, and if the trend we’ve seen so far continues into next week, and it’s likely that it will, this is going to find a market that has the least resistance. on the upside and I think that’s good news, ”said Art Hogan, chief market strategist at National Securities.

According to Refinitiv, second-quarter profits are expected to rise 78.1%.

“It’s going to be crazy,” Hogan said. “I think the order of magnitude of earnings beats is still underestimated, and I think it will continue into next week: 87% of companies are exceeding estimates.”

Hogan said at the start of the earnings season, stocks of companies that beat expectations didn’t respond, but now they are and it should continue. The fact that a handful of large-cap stocks, like Apple, Microsoft, and Alphabet, are so close to each other could have an impact.

“It’s like the World Series of earnings in the middle of summer,” he said.

Stocks bounce back

Investors will also be watching the behavior of the markets themselves. Stocks ended the week with solid gains, but Monday’s sell-off left its mark. Some strategists say this could have been a harbinger of further turmoil later in the quarter.

The shares were inspired by the 10-year Treasury yield, which fell on Monday over fears the delta variant of Covid could slow global growth. The yield hit a low of 1.12% early Tuesday before reversing. As the benchmark yield increased, stocks rallied.

For now, stocks appear to be poised for more gains. The Dow Jones closed last week at 35,061.55, up about 1%. The S&P 500 gained 1.9% for the week, ending at 4,411.79. The Nasdaq has climbed 2.8% since the start of the week and the Russell 2000 small cap is up 2.1%.

Communications services, which includes Internet names, was the top performer over the past week with a 3.2% gain. Technology was also strong, up 2.8%. Consumer discretionary was also a leading sector, up 2.9%. Industrials and cyclicals lagged behind with fractional gains, and energy was slightly lower.

Scott Redler, strategic director of T3Live.com, said big names in tech like Apple and Microsoft are already doing well ahead of earnings, so it will be important to see how they trade.

“Some things come with a price for perfection and some don’t,” he said. “Microsoft is already at an all time high. Priced for perfection. It will be interesting to see if Apple can hold up and stay above $ 150.” Apple closed at $ 148.56 per share on Friday.

Fed “conical conversation”

BMO U.S. rates strategist Ben Jeffery said Treasury yields could find a catalyst within the Fed. He expects the 10-year to start falling again and says it could potentially hit a low of 1.10%. The 10-year was at 1.28% on Friday afternoon.

Policy makers don’t expect to see much new in the Federal Reserve’s statement. They are awaiting comments from Fed Chairman Jerome Powell for advice on the central bank’s decision to phase out its quantitative easing program.

The Fed is expected to announce that it is officially talking about ending the program long before it actually begins. Many Fed watchers believe the forecast will be released in late August, at the central bank’s symposium in Jackson Hole, or later in the fall.

“I think it will be interesting to see how much Powell tries to be accommodating with the risk of the delta variant and the concerns about it,” Jeffery said.

Luke Tilley, chief economist at Wilmington Trust, isn’t expecting much from Powell this week. “I am really targeting Jackson Hole as the most likely candidate for a pivotal point for politics and communication,” he said. “However, next week’s meeting could set the stage for this with statements that point us to some improvement in the economy. They will highlight the new risks of the delta variant, and that’s the risk we think they point out. “

The slowdown in the bond program is important because it is a signal that the Fed is about to reverse its accommodative policies, including eventually its key rate to zero. Tilley said it will likely take a year for the central bank to cut its $ 120 billion monthly bond purchases, and then the door is open for rate hikes.

Investors will also be watching second quarter GDP to see how strong the economy is.

According to the quick update from CNBC / Moody’s Analytics, a survey of economists expects average growth of 9.7% in the second quarter. This is expected to be the peak period of growth, and the average forecast for third quarter growth is 8.3%.

Tilley said he expects growth for the year 2021 of 7% to 7.5%.

Calendar for the upcoming week

On Monday

Earnings: Tesla, Lockheed Martin, F5 Networks, Check Point Software, Hasbro, LVMH, Otis Worldwide, Ameriprise

10:00 am Sale of new homes

Tuesday

Fed starts 2-day meeting

Earnings: Apple, Alphabet, Microsoft, 3M, Visa, Advanced Micro Devices, General Electric, Boston Scientific, PulteGroup, Raytheon, JetBlue, Archer Daniels Midland, Chubb, Mondelez, Starbucks, Hawaiian Holdings, Waste Management, Corning, Sherwin-Williams, UPS , Stanley Black and Decker, Teradyne, Cheesecake Factory

8:30 am Durable goods

9:00 am FHFA house prices

9:00 a.m. Case-Shiller House Prices

10:00 am Consumer confidence

Wednesday

Earnings: Boeing, Facebook, Pfizer, Ford, Qualcomm, McDonald’s, Bristol-Myers Squibb, PayPal, General Dynamics, GlaxoSmithKline, Norfolk Southern, Automatic Data, CME Group, Garmin, Moody’s, Steve Madden, Penske Auto Group, Hess, Aflac, Canadian Pacific Railway, Fortune Brands, Samsung

8:30 am Advanced economic indicators

2:00 p.m. Fed statement

2:30 p.m. Briefing by Fed Chairman Jerome Powell

Thursday

Earnings: Amazon, Merck, Comcast, Airbus, Anheuser-Busch InBev, MasterCard, Intercontinental Exchange, AstraZeneca, Hilton Worldwide, Northrop Grumman, Altria, Hershey, Yum Brands, American Tower, Gilead Sciences, Pinterest, Deckers Outdoors, First Solar, Beazer Homes, US Steel, Molson Coors Brewing, Southern Co., Tempur Sealy, Textron, Nielsen, Valero Energy, Martin Marietta Materials

8:30 am Unemployment claims

8:30 am GDP Q2

10:00 a.m. Pending door-to-door sales

Friday

Earnings: Caterpillar, Chevron, ExxonMobil, Procter & Gamble, Colgate-Palmolive, AbbVie, Booz Allen, Lazard, Church & Dwight, Johnson Controls, Illinois Tool Works, Cabot Oil & Gas, CBOE Global Markets

8:30 am Personal consumption expenses

8:30 am Labor cost index T2

9:00 a.m. St. Louis Fed Chairman James Bullard

9:45 am Chicago PMI

10:00 am Consumer sentiment

8:30 p.m., Fed Governor Lael Brainard

Why Chinese stocks were tumbling en masse today

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What happened

Chinese stocks were plunging today, once again over fears of regulatory crackdown from the Chinese government. This time, the focus was on Chinese education stocks, as a number of media outlets reported that officials may ask Chinese tutoring companies like TAL Education Group and New Oriental Education Group to become non-profit organizations, a decision that would have obvious consequences for investors. These two stocks and other Chinese education stocks have lost more than half of their value today.

The fallout largely affected Chinese stocks and came as fears grew about the Chinese Communist Party’s intervention. These include restrictions imposed by Beijing on the rideshare giant’s recent IPO. Didi Global earlier this month and fined Alibaba Holding Group $ 2.8 billion in April for violations of antitrust laws.

Among today’s losers were GDS Holdings (NASDAQ: GDS), which was down 12.8% as of 12:30 p.m. EDT; Complete Truck Alliance (NYSE: AMM), which was down 24.6%; KE Holdings (NYSE: BEKE), which had lost 18.8%; JD.com (NASDAQ: JD), which had divested 5.8%, and bilibili (NASDAQ: BILI), down 14.5%.

Image source: Getty Images.

So what

Threats to the education sector were the main reason for the massive sale, but they were not the only one. Morgan Stanley also downgraded GDS Holdings, which operates data centers in China. The Bank of Wall Street downgraded its rating on the stock to equal weight, expressing concern over unfavorable power quota allocations in Shanghai, another potential sign of the impact of government regulations.

Other Chinese stocks falling today have also faced Beijing’s wrath in the past. The app of digital media company Bilibili was removed from Chinese app stores due to censorship concerns in 2018, and e-commerce giant JD.com was not directly targeted by Beijing but fell in sympathy with Alibaba for fear of a wider crackdown on e-commerce. markets.

The Full Truck Alliance digital freight platform went public just over a month ago, but the timing seems to be unfortunate as Didi’s IPO came shortly thereafter and Didi’s shares went down. fell after its apps were pulled from China’s largest app stores over concerns over data collection. Full Truck Alliance shares are now down more than 40% from their IPO price of $ 19.

Finally, real estate tech company KE Holdings is also competing in the kind of data-rich environment that has drawn negative attention from Chinese regulators, meaning that equity investors are particularly susceptible to the government’s machinations.

Now what

In addition to pressure from Beijing, the US government has also threatened Chinese stocks in recent months. The Defense Ministry released an “entity list” with several actions that it said would be delisted from US stock exchanges for acting as agents of the Chinese government and military.

Separately, another law will strike Chinese companies listed in the US like Alibaba if they don’t make their audits available to US regulators. However, the timing of this measure is not clear.

Overall, the environment has become considerably hostile to Chinese stocks as US investors fear Beijing’s unpredictable excesses, and the threat of delisting looms as well. If those shares were delisted, they would continue to trade on other exchanges, such as Hong Kong, and a number of Chinese shares have gone public in Hong Kong for this reason.

While many of these stocks, like Alibaba, are trading for very cheap valuations, with investor sentiment as it is, these stocks could be value traps. The good news is that they will have another chance to show off their business success in the coming weeks as the earnings reports come in.

Nonetheless, stocks appear unlikely to return to their earlier levels until pressure from Beijing subsides.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


EHX Announces Plans to Harness Energy from Earth’s Magnetosphere, Leaving Pedal Fans Confused | Guitar.com

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Fans of effects pedal and amplifier maker Electro-Harmonix were left bemused, after an email was sent to mailing list subscribers outlining plans to harness the energy of Earth’s magnetosphere . Some have speculated that this was a marketing strategy for a new pedal. This is not the case.

Earlier today (July 23), subscribers to the EHX mailing list received an email with the subject line “He has 690,000,000,000,000 joules of unused continuous energy.” The same email was also posted as a page on the EHX website.

Image: Electro-Harmonix

In the email, which is written in first person apparently from the point of view of EHX founder Mike Matthews, the energy source is described in more detail: the sun compresses the Earth’s magnetic field into it. bombarding with ions. This compression means that the magnetosphere is asymmetric: extending about 40,000 to 50,000 miles on the side of the Earth facing the sun and well over 2,000,000 miles on the side opposite the sun. Matthews and his colleague Robert Myer are working together on a method of converting the potential energy of the compressed side of the magnetic field into usable energy here on Earth.

He writes: “I am currently helping Bob build a system on Earth to stimulate and recover energy on Earth by means of an oscillation that would start in the magnetosphere, expand, shrink, and then enter the ionosphere to be recovered from almost a point. source on Earth.

A publication on the guitar effects subreddit, r / guitarpedals, links to the magnetosphere page on the EHX site. It’s titled “Something new from EHX coming in?” “, And the original poster wrote in the comments:” I received this cryptic email today. Anyone have any info / guesses? ”

A more in-depth discussion in the comments attempts to connect the discussion of a new energy source from space to guitar pedals.

” A diet ? A user advances, before another notes that the brand has just launched two new feeds. “Neither space nor the physics theme, so I don’t think they would do a great show on a third,” they wrote.

In particular, a user with the u / EHX_Engineering handle intervenes. They do indeed appear to work at EHX, as their posting history includes a list of jobs with the company and other details about EHX products. “I can assure you,” they write, “it has nothing to do with music.”

So, those who received the email or stumbled upon this page of the EHX website may stop speculating on a new space-themed reverb pedal. Case closed. Kind of.

The little question “what does Electro-Harmonix have planned for its new pedal?” overshadowed the much larger question of, well, everything else. Will an Effects Pedal Company be the One to End Earth’s Energy Problems? What do guitar effects and spatial energy have to do with each other? Will EHX stop making pedals to focus on harnessing energy from the magnetosphere?

In case it is not clear, the science of harnessing the energy of space is slightly outside of Guitar.comjournalistic wheelhouse. However, Mike Matthews’ description of the energy focusing process notes Robert Myer’s experience in (and patents to) amplification circuits as a key aspect. This is the same Robert Myer who designed the original Big Muff. Amplification technology has of course an important place in scientific signal processing as well as in musical signal processing.

EHX MIG-50
Image: EHX

Did it come out of nowhere? No. Mike Matthews has been interested in it for a long time. The number in the subject line of the email – 690,000,000,000,000 joules, or 6.9 × 10 ^ 14 – is taken from a letter Matthews wrote to NASA scientist David Stern in 1999. Matthews asked Stern how much energy would be found in the compressed side of the magnetosphere.

“I’m not going to calculate it here – it’s long and difficult,” Stern replied, “but [I’ll] just give you an order of magnitude estimate based on a formula that is really appropriate for a different case, and that isn’t even right there. The resulting calculation gives the figure 6.9 × 1014.

Guitar.com contacted Matthews to request more details on the email. He didn’t provide additional information on EHX’s energy research – “I can’t go into specifics,” he told us. It’s still unclear whether the energy-focusing technique was successful, or what prompted the email to be sent now.

However, Matthews has described to us in slightly simpler terms the nature of the energy that the technology will harness. “When you have a ‘compressed magnetic field’ (caused by constant bombardment of the magnetosphere by ions bursting from the sun (solar wind), it is a constant reservoir of energy.

“Think of a source. You stretch it… and if you let it go, it would come back.

Matthews also revealed that fans of the brand effects need not worry, because “Our main focus is still the Electro-Harmonix pedals. We have an in-depth design team and are working on a multitude of new pedals, from simple analog to complex new digital.

But, the project is still an aspect of what Matthews does. “Lowering the energy stored in the compressed magnetosphere is also of particular interest to us,” he told us. “Like a challenge.”

This is not the first time that Matthews’ interest in this topic has been made public. The magnetosphere is also not the only unconventional source of energy that Matthews looked at. A 2003 interview, alongside the exploitation of the magnetosphere, describes his interest in a new form of wind energy, using giant umbrellas. And, unconventional is certainly the word: the magnetosphere is not, as far as we know, currently viewed as a source of potential energy by anyone.

So what prompted the brand to contact its fans now on its energy research? Is a prototype or launch imminent? Or is the email just the result of EHX’s recent migration to a new website? We will have to wait and see. All we know is that alongside the Big Muff, the Memory Man and the POG, EHX is aiming a little higher …

Read the full article on the magnetosphere at ehx.com.


Great Wall Motor shares in China soar 16% on earnings; President’s fortune earns $ 2 billion

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Shares of Great Wall Motor, China’s largest SUV maker, climbed 16% to a six-year high in Hong Kong on Wednesday after the company said its net profit in the first six months of 2021 was more that tripled over the previous year.

The Baoding-based manufacturer said its net profit soared to 3.49 billion yuan, or 539 million yuan, from 1.15 billion yuan, on operating income which rose 73% to 62, 1 billion yuan. Great Wall said earlier this month that first half deliveries were up 56% from a year ago to 618,211 vehicles, helped by gains in the SUVs and the Ora sedan.

China is the world’s second-largest economy and the largest automotive market. GDP grew 7.9% in the second quarter compared to the previous year against a backdrop of continued recovery from the global pandemic.

The jump in Great Wall stocks added $ 2.1 billion to the fortune of Great Wall chairman Wei Jianjun, which is now worth $ 24 billion on Forbes’ list of real-time billionaires and ranks ranked 71st in the world.st richest person.

Great Wall plans to invest 100 billion yuan, or $ 15.4 billion, in clean-energy smart cars over the next five years, according to an announcement made earlier this month.

See related stories:

Automobility’s Bill Russo talks about China, EVs, Tesla, BYD and what multinationals don’t understand

Meet Warren Buffett-backed billionaire driving BYD ahead of flashier rivals

@rflannerychina


The website listing Toronto businesses with vaccination policies closes after receiving hate messages

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TORONTO – A new website to help customers find businesses in Toronto with staff who have been vaccinated or those with COVID-19 vaccination policies has been forced to close after people started leaving fake google reviews and to send hateful messages.

According to the website, SafeTO-Do was started in the hope of helping customers make an informed decision about which businesses they feel safe visiting. It lists companies that have announced the vaccination status of their staff or have vaccination policies for high risk environments.

Thirty-eight Toronto companies were listed on the website as of July 20.

However, the website organizer announced later that night that they would be shutting down.

“Every time I add a new business there is a bunch of people (a small minority) who attack those businesses by leaving fake reviews on Google, making bogus reservations at their restaurants, and sending them hateful messages. “, said the organizer on Twitter. .

“So I cannot in good conscience continue to add companies to the website because I cannot be sure that they will not be attacked by the same people.”

The organizer said that when they launched the website less than a week ago, it was intended to be “a resource for those with a lower tolerance for risk and / or medical conditions that made up for it. COVID a high risk for them “.

Not all reactions have been negative. Safe-to-do stated that it has received numerous messages of support from businesses and that one establishment has received over 100,000 views and only had to deal with about 20 negative messages.

“However, I also received a significant number of personal hate messages, including one that I was due to report to the police today. The messages have become increasingly personal, directed and hateful,” they said.

“I cannot in good conscience expose other companies to this.”

Many companies have reported receiving negative feedback after creating their own COVID-19 vaccination policies in the absence of a provincial standard.

Earlier this week, the owner of Chantecler restaurant in the west end of the city told CTV News Toronto that several bogus reservations were made and one-star reviews were left after asking patrons sitting at the bar to show proof of vaccination.

“Creating a six-seat bar policy to keep our bartenders safe and protect us from an epidemic that would surely shut us down for two weeks… these are very reasonable and pleasant steps,” Jacob Wharton-Shukster told the time.

Ontario Premier Doug Ford has made it clear he does not support a “COVID-19 passport” or any policy requiring people to show proof of vaccination.

However, on Wednesday, the province’s COVID-19 Scientific Advisory Table submitted a report indicating that “vaccine certificates” could be useful in helping to reopen high-risk environments such as bars, gyms, restaurants more quickly. indoors and sporting events.



There is now a black market for Tabitha Brown’s McCormick Sunshine seasoning

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On July 8, vegan influencer Tabitha Brown released her limited edition Sunshine All Purpose Seasoning in partnership with spice brand McCormick, which quickly sold the salt-free spice blend in 39 minutes. McCormick plans to restock Brown’s seasoning in the fall, but in the meantime, a sort of black market is forming to bring fans the seasoning in demand. On Ebay, several ads for the seasoning are currently live, with some offers reaching up to $ 120 for a two-pack of the spice blend. The lowest starting bid for the seasoning pack is currently $ 14.94. However, this listing comes with a shipping charge of $ 69.00, which puts the price astronomically higher than the original seasoning price of $ 14.95 per pack of two.

For those who can get their hands on Sunshine Seasoning, on the black market or otherwise, Brown has developed several recipes to showcase his Caribbean-inspired summer flavor profile, including Sunshine Shick’n (Stir Fried Vegan Chicken). base of shiitake mushrooms coated with a sweet and savory sauce); Maple roasted sweet potato wedges; and Chicky Farro Bowl (farro bowl topped with roasted chickpeas coated with Sunshine seasoning).

“The sun for me is spreading positivity. I always say, ‘Have a good day and if you can’t, don’t you dare ruin nobody else’s.’ This seasoning aims to bring that sparkle and positive energy into your kitchen, ”said Brown. “You can use Sunshine All Purpose Seasoning on any dish you’ve planned this summer, whether it’s barbecue or cooking at home, because that’s your business. “

Tabitha Brown Vegan Seasoning

Brown got their hands dirty with the Sunshine Seasoning formulation, which is made up of his garlic powder, ginger, thyme, turmeric, allspice and a hint of mango powder. and pineapple for more sweetness. Following the very successful launch of Sunshine Seasoning, Brown will continue to represent McCormick as a spokesperson to help home cooks incorporate spices into their recipes.

“Tabitha’s authentic and fun approach to cooking the way you want, while educating her audience on herbal alternatives, embodies our belief that whatever you do with McCormick spices, it will be awesome,” said Alia Kemet, Vice President of Digital and Creation for McCormick.VegNews.TabithaBrownSunshineSeasoning4

Tabitha Brown’s sold-out success

Brown went vegan in 2017 and gained popularity after posting a video of herself eating a Whole Foods Market “TTLA” vegan sandwich in her car. Since then, the actress-turned-vegan influencer has grown into an astronomical celebrity, including on TikTok where her vegan carrot bacon recipe went viral last year, placing her on TikTok’s list of top creators for 2020.

After creating live plant-based cooking videos on Facebook, the 42-year-old North Carolina native has started making strides outside of social media. Earlier this year, the vegan actress joined the cast of the Showtime series. Chi in his fourth season, having starred in two seasons of his own show titled All love on the Ellen network. In addition to making multimedia appearances, the award-winning NAACP star lent her voice to the Calm app to help fans relax, launched Donna’s Recipe (a business named after her afro to help women of color to grow their natural hair) and plans to release her first book Feed the soul (because it’s my business) this autumn. VegNews.TabithaBrown5

This month, Brown teamed up with housewares company Williams-Sonoma to create a limited-edition spatula, sales of which benefit the No Kid Hungry association. The whimsical spatula design was created by Brown and his young son Quest and features Donna, along with the tagline “like this, like this”. Like Brown’s Sunshine Seasoning, Williams-Sonoma sold out with a spatula in minutes online.

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From Covid Updates to Mumbai Rains to Glenmark Life Ipo; Here are some important highlights from July 21

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Highlights for July 21:

Intermittent rains hit Mumbai on Wednesday, but rail and transport services were unaffected, officials said. The Indian Meteorological Department (IMD) on Wednesday sounded an “orange alert” for Mumbai, indicating the possibility of heavy to very heavy rains in isolated places. Although there has been an increase in the intensity of the rains in the city and suburbs since the morning, there have been no reports of major waterlogging in low lying areas like Hindmata, Matunga and Kurla, said officials from the Brihanmumbai Municipal Corporation (BMC).

On the COVID-19 front, India saw a single-day increase of 3,998 coronavirus deaths, with Maharashtra conducting its 14th Covid data reconciliation exercise, bringing the country’s death toll to 4,18,480 while 42,015 new infections have been reported, according to the Union Health Ministry. data updated Wednesday. The total number of COVID-19 cases in India has risen to 3,12,16,337. The ministry said Maharashtra has completed its 14th Covid data reconciliation exercise in the state. As a result, the state’s number of positive cases increased by 2,479 while the number of deaths increased by 3,509.

Meanwhile, trading on Indian stock exchanges – the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) – will remain closed today due to Bakri Id. According to the 2021 stock market holiday list available on the official website of BSE – bseindia.com – there will also be no action in the equity, derivatives and SLB segments today.

(Edited by : Ajay Vaishnav)

First publication: STI

First Quarter FY22 Results Expected Today – Bajaj Finserv, Ceat, Gland Pharma, Havells, Polycab, Rallis and more – List of 10 stocks – Investors should be careful!

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Even if the stock markets are closed today because of Bakri-id, there will be great action among listed companies. At least 34 companies will report their quarterly results today. Investors should visit the ESB and NSE website to find out if the stocks they have invested in will report results. Zee Business lists some of the companies here!

See Zee Business Live TV Streaming below:

Here is the list of companies that should report their results:

1. Bajaj Finserv – Investors pay attention to this title when the markets reopen tomorrow. Bajaj Finserv shares ended at Rs 12,613 on the NSE, down Rs 108 or 0.8%. The stock hit its 52 week high on July 15 to record Rs 13,110.

2. Ceat Limited – This stock finished at Rs 1,399 on BSE on Tuesday, down from R 26 or 1.88%. The 52 week high for this stock is Rs 1,763.15.

3. Gland Pharma Limited – Another company that will announce its results today. This title closed at Rs 3,800 on the NSE on Tuesday, down from Rs 58 or 1.5%. The 52-week high of this stock is Rs 3,999.90.

4. Havells India Limited – This title ended at Rs 1097.95 on the NSE on Tuesday, down from Rs 8.30 or 0.78%. The 52 week high of this stock is Rs 1231.90.

5. Jubilant Foodworks Limited – This action ended at Rs 3,072 on the NSE on Tuesday, down Rs 10.65 or 0.35%. The 52 week high of this stock is Rs 3,332.70.

6. Polycab India Limited – This stock ended at Rs 1992 on the NSE on Tuesday, down Rs 38.15 or 2.10 percent. The 52-week high of this stock is Rs 2,033.

7. Rallis India Limited – This title finished at Rs 326.55 on the NSE on Tuesday, down Rs 7 or 1.95 percent. The 52-week high of this stock is Rs 2,033.

8. Schaeffler India Limited – This title ended at Rs 5,382 on the NSE on Tuesday, down from Rs 74.85 or 1.37 percent. The 52 week high of this stock is Rs 5,747.95.

9. Shakti Pumps (India) Limited – This title ended at Rs 828.90 on the NSE on Tuesday, down from Rs 30.90 or 3.59%. The 52 week high of this stock is Rs 910.

10. Supreme Industries Limited – This title ended at Rs 2,115 on the NSE on Tuesday, up Rs 6 or 0.29%. The 52 week high of this stock is Rs 2,339.95.


Asian stocks mixed after Wall Street rebound

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BEIJING (AP) – Asian stock markets were mixed on Wednesday after Wall Street rebounded and Japanese exports surged as investors tried to figure out how rising coronavirus infections would affect the global economy.

Shanghai, Tokyo and Sydney have advanced. Hong Kong and Seoul fell.

Overnight, Wall Street’s benchmark S&P 500 gained 1.5%, recouping much of the previous day’s loss.

The Japanese government announced that June’s exports jumped 48.5% from the previous year, beating expectations. The increase was inflated by a drop in trade in 2020, but still reflects strong demand abroad, especially in the United States and China.

“Defensive flows have subsided. However, the gains are likely to be limited by lingering concerns about the Delta variant of COVID-19, ”ActivTrades’ Anderson Alves said in a report. “A new wave of infections could delay the reopening of global economies. “

Also on Wednesday, South Korea reported a daily record of 1,784 new coronavirus cases, adding to a global increase blamed on the more contagious delta variant of the virus.

The Shanghai Composite Index rose 0.4% to 3,554.01 while the Nikkei 225 in Tokyo rose 0.5% to 27,523.75.

The Hang Seng in Hong lost 1% to 26,997.80 and the Kospi in Seoul lost 0.4% to 3,220.64.

Sydney’s S & P-ASX 200 rose 0.9% to 7,318.90 after the Australian government announced that retail sales rose 1.3% more than a year ago in the three month ending in June. New Zealand and Jakarta won while Singapore fell.

On Wall Street, the S&P 500 hit 4,323.06, recovering most of its 1.6% drop on Monday, its largest in two months.

The Dow Jones Industrial Average rose 1.6% to 34,511.99. The Nasdaq composite gained 1.6% to 14,498.88.

The US market gained ground in choppy trading despite uncertainty over the virus’s lingering impact on business activity and inflation.

The Centers for Disease Control said about 83% of U.S. cases in the United States are linked to the delta variant of the virus.

Investors were encouraged by the quarterly results of US companies showing that many of them are increasing their profits.

IBM Corp. and hospital operator HCA Healthcare both advanced after reporting higher than expected revenues and profits.

In energy markets, US benchmark oil lost 51 cents to $ 66.69 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the basis of international oil prices, fell 54 cents to $ 68.81 a barrel in London.

The dollar gained 109.91 yen against 109.83 yen on Tuesday. The euro fell to $ 1.1773 from $ 1.1783.

Truck company Hyrodgen Hyzon begins trading on Nasdaq with high valuation

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Hyzon Motors, a New York-based hydrogen-powered truck company, has started trading on the Nasdaq Global Select market under the symbol “HYNZ,” which the company hopes will accelerate its hydrogen-fueled growth.

Following a wave of announcements – including several purchase deals for the company’s “heavier-than-space shuttle” hydrogen trucks – its Class A common stock began trading on the Nasdaq market. Global Select Monday with a market value of US $ 2. 7 billions

The decision to go public was helped by a merger with the ad hoc acquisition company Decarbonization Plus Acquisition Corporation – an increasingly common method for zero-emission mobility companies to go public, bypassing a public offering traditional initial (IPO).

Announced earlier this year but finalized end of June, the merger with an ad hoc acquisition company – a listed company without commercial operations formed solely to raise capital through an initial public offering (IPO) with the aim of acquiring an existing company – made it possible to value the new company at $ 2.7 billion. .

“This exciting stage marks the starting line for Hyzon Motors”, said CEO Craig Knight. “Our public registration will promote greater awareness that the future of commercial transportation – hydrogen fuel cell vehicles – is today’s reality.

“This is the start of a new chapter in Hyzon’s story as we accelerate the transition to commercial hydrogen transportation around the world and advance our commitment to reducing carbon emissions in a sector which is one of the biggest contributors to climate change. “

Hyzon Motors, a spin-off of Singapore-based Horizon Fuel Cell Technologies, is a global supplier of zero-emission hydrogen fuel cell commercial vehicles, including heavy trucks, buses and coaches.

It operates in Europe, Singapore, Australia and China and aims to produce heavy duty trucks and zero emission buses for customers in North America, Europe, Asia and Australia.

Already this month, Hyzon announced that it has signed several agreements to deliver what is expected to be the world’s heaviest zero-emission truck on record, at twice the weight of the space shuttle.

Specifically, Hyzon signed a Memorandum of Understanding (MoU) with an anonymous European heavy haulage, haulage and rigging group to supply one of its 154-ton hydrogen fuel cell trucks at full capacity. load, and are considered to be the heaviest in the industry, delivering 480 kilowatts of power.

When fully loaded, it makes the truck twice as heavy as an empty space shuttle.

Days later, Hyzon announced that they had signed a second supply agreement for their 154-ton hydrogen fuel cell truck, this time with Ark Energy Corporation, the Australian subsidiary of the world’s largest zinc producer, lead and silver, Korea. Zinc.


Put NP on the stock market instead of selling assets, liberalize fuel

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New



The National Petroleum Company (Trinidad and Tobago) Ltd, Pioneer Drive, Sea Lots. Photo by Roger Jacob

FORMER National Petroleum Chairman Neil Gosine has said the government’s plan to sell NP’s valuable assets is a poorly designed plan and the plan to liberalize fuels is inappropriate.

He said the combination of the sale of the company’s largest asset base and the liberalization of the fuel industry would have a ripple effect on the cost of transporting goods and services, which could lead to inflation.

He anticipates that the privatization of company-owned sites will open up opportunities for cartel formation on the retail side of the company.

“After Finance Minister Colm Imbert and Energy Minister Stuart Young are done with NP, the entity as we know it will be decimated, leaving all employees, businesses dependent, and thousands of people who depend on it. of its operations in danger, without a future and most definitely on the bread line.

“He will be left in a worse state than what Petrotrin is in now,” Gosein said from a United States National Congress (UNC) virtual reporting platform on Monday evening.

“The business model of the National Petroleum Marketing Company is no longer distributing fuel, this may be a misconception of the new Minister of Energy. It is in fact the franchise agreements with the oil traders that form the lasting part of NP’s business and what earns NP money in its current market. “

He said gas station management accounts for 70 percent of NP’s business.

“There are 113 stations, 75 of which are owned by the company. The dealers own the rest. The estimated value of NP-owned gas stations is around $ 1 billion, each costing around $ 5 to $ 15 million, depending on the volumes of fuel sold at each station and its location.

He said NP gas stations are in prime locations and questioned the wisdom of giving private interests huge state assets when prices are at their lowest.

The privatization of gas stations and the sale of its assets put the company and its future in jeopardy, he said, without any thought for the employees and their families or the businesses that depend on NP’s operations. He pointed out the actual franchise agreements, which include the rent and the management of gas stations and the money coming from that aspect of the business.

Many gas stations offer rental spaces for lotto machines, convenience stores, and food stores.

“So the government’s new idea of ​​raising money by selling the prize assets of NP, which are its main properties, with gas stations around the Twin Islands, is to say the least an ill-conceived ploy.”

On the proposal to liberalize the fuel industry, Gosine said, with the shutdown of Petrotrin, refineries around the world are refusing to offer Paria Fuel, which has become the fuel purchasing company, competitive credit facilities. because it is a relatively new company and has no experience in the market.

“This has put our ability to buy fuel at a disadvantage as Paria now has to buy from traders who will sometimes have fuel and are looking for the best prices to sell their products.

“This means much higher prices at the pump once fuel liberalization is implemented by the Minister of Finance.

“Liberalization may indeed be another form of taxation to be imposed on the already overwhelmed taxpayer and there is no way to protect the public from excessive prices at the pump and a cartel deal of gas station dealers,” he said. Gosine warned.

He suggested that a more viable option would be to put the business on the local stock market and allow every citizen to own a portion of NP, with stakes in the business.

“It’s part of our legacy and our energy legacy and a business that has been profitable in the past and can be profitable again, under the right direction. “

Men on TikTok play role with ‘respectful’ boyfriends for Clout

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TikTok men
Photos: Andrew alias @

iamjoshcarroll, Enoch AKA @enochj_ and Andrew AKA @itsyaboyandrewpav

Have you been private privacy during the pandemic? Missing spontaneous vacation romances? Does your only source of sexual tension come from watching Jack Grealish’s calves at the euros? Me too.

But don’t worry, you won’t have to live this way any longer because TIC Tacthe dredgers are here to save you! All you have to do is go to your FYP page and they’ll start asking questions like “What would you do if I was your delivery guy and I delivered your pizza to you and you opened the door and we have made “eye contact” as they slowly look you up and down, or say things like “when she knows the difference between ‘your’ and ‘you are'” while moistening the air.

Some of these straight and adult men even go so far as to list all of the ethnicities of women who attract them or give a talk on how they will date you for your “maturity, values ​​and ambitions. Others go I’m literally begging to go out with you.

But why are these TikTokers making these videos and hitting everyone on their feed? Are they really looking for love? And do they think people actually find these videos attractive?

“Honestly, for me, I like to see people smile. I like to have a reaction. So most of my videos are positive, ”says Enoch, the man who might be your pizza delivery guy. “I think the first video that gained traction was a POV. I started reading the reviews and noticed that there were only a lot of women there, so I was like “okay, let me market to this crowd a little bit more.”

Unfortunately, not all reaction to the Enoch videos has been positive, and a few commentators have scoffed at the 25-year-old from Atlanta for posting “cringe” videos. But that doesn’t seem to depress him too much. “When I made the video, I just threw it in there. So I knew it would be received positively or negatively. I just hope nobody takes it seriously because it’s just a little fun. He said.

Does Enoch even try to search for love on TikTok? Not now, because he’s dating someone IRL. And yes, she knows the videos.

The creator sees compelling content as a way to keep engagement on their page and thinks it can help them professionally. “It’s an open door just to get your feet wet. It’s a hobby. You never know who will give you a contract or something that will come out of it.

And he is not wrong. Like Josh, 31, a TikToker and model based in Sydney reveals, for some content creators, being thirsty on the platform can be a fast track to global success. At a time when Vinny Hacker sets the e-boy standard on TikTok, many men imitating him do so because they know the videos are pollinating their audiences.

“I have a friend who is much younger than me,” Josh tells VICE. “He’s only 20 years old but made those kinds of videos. And then I met him in person and he doesn’t like cringe at all, but it’s a way to get there – he wanted to work in social media. He wanted to be able to collaborate with brands, he wanted to be able to make money in this space.

“Having gained over a million subscribers on TikTok, he now works with Dior, Prada and other top brands.” There is a method to madness, after all.

As for Josh’s own videos, he recently created more dating-related content. One of the most recent was a POV based on what he would say to a girlfriend who worried about stretch marks. “Some posts – especially the ones where that might be a pretty sensitive topic for men and women who have acne or stretch marks or things like that – it will be a bit of a calculated thing,” he said. declared during a video call.

Most of Josh’s videos are based on real-life experiences, like dating someone with acne and reassuring them that’s okay to worry about.. “So with that particular one,” he explains, “yeah, there was some thought behind it, because I knew people would relate to it. But I thought it was a positive message.

Josh says his audience is 85% female, so he wants to be intentional with the videos he posts. “I kind of have to put things in place that they’ll relate to. So this style of content seems to work better for me, purely based on my audience.

Like Enoch, Josh is also in a committed relationship, but says if he was single he wouldn’t try to find love on the platform. “I’m 31, so I can’t really be here trying to thirst trap a bunch of teenagers, ”he laughs. The model also works with big brands like Tommy Hilfiger and Calvin Klein, so he’s worried about what more aggressive flirting videos would do to his image. “I have to take care of my brand. I can’t be, you know, turning up and down in front of the camera. “

But what about young designers who don’t yet have to worry about a brand image? André, a 16 years old with 1.4 million followers on TikTok and wants to grow even more subscribers, says that whether the videos cringe or not, they “get engagement anyway.”

I came across his video on caring for an imaginary girlfriend during her period on my TikTok feed. “With this video, I thought there would be a commitment like ‘oh he’s respectful’ because I’ve seen others do the same. I usually check to see if multiple people have made the same video. and got good engagement and no hate for it, ”the LA-based teenager said.

These days, however, he wants to get away from that content because he doesn’t seem to serve him anymore. “I’m actually starting to turn my content into something else, because I think I’ve reached the top of the POV category, and I need to find a new thing, so I’m growing even more. “

While many younger users may not see that building engagement is at the heart of this type of content, it is clear to others. “A lot of men pose for the camera and talk about surface feminist stuff while being shirtless,” says Jem, a 30-year-old TikTok user from Glasgow who came across the videos while parading. “And it seems a little grim once you log into the whole system that they’re sort of engaging with their audience. I find it hard to see how it could really be anything other than performative. “

Like everything on the internet, it seems these videos aren’t what they seem – they were largely orchestrated to cultivate the likes and engagement of a specific audience. Whether we think they are uplifting, funny, or just scary, the question is: how long are we going to keep watching them?

@thediyora



List of 2021 Market Holidays BSE NSE Holidays Stock Exchange Holidays Eid Ul Adha Bakrid Bakra Eid

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New Delhi: The stock market is expected to remain closed for three days. The stock exchange, the ESB and the NSE remain closed on Wednesday. July 21 has been designated as a public holiday for BSE and ESN due to Eid-ul-adha 2021 or Bakrid 2021. Apart from this, the exchange will also remain closed on July 24 and 25. On these two days, the ESB and NSE will remain closed due to traditional weekend holidays. On these days, no trading will take place in the stock market.Read also – Viral video: after the bride collapses during the rituals, the groom runs away from the wedding venue | Watch

The stock market, BSE, and NSE remained closed on July 3, July 4, July 10, July 11, July 17, and July 18 due to weekend vacations. From now on, the stock exchange will remain closed Wednesday, Saturday and Sunday. Overall, the equity market has nine public holidays in July for BSE and ESN. Also Read – Completely Wrong: Kerala Supreme Court Ruled To Relax COVID Restrictions For Bakrid

Share Market Holiday List 2021 ESB

1 Republic day January 26, 2021 Tuesday
2 Mahashivratri March 11, 2021 Thursday
3 Holi March 29, 2021 Monday
4 Good Friday April 02, 2021 Friday
5 Dr Baba Saheb Ambedkar Jayanti April 14, 2021 Wednesday
6 Ram navami April 21, 2021 Wednesday
7 Id-Ul-Fitr (Id Ramzan) May 13, 2021 Thursday
8 Bakri ID July 21, 2021 Wednesday
9 Muharram August 19, 2021 Thursday
ten Ganesh Chaturthi September 10, 2021 Friday
11 Dussehra October 15, 2021 Friday
12 Diwali * Laxmi Pujan 04 November 2021 Thursday
13 Diwali Balipratipada 05 November 2021 Friday
14 Gurunanak Jayanti November 19, 2021 Friday

NSE holidays 2021, Stock market festivals 2021

SR. NO DATED DAY THE DESCRIPTION
1 26-Jan-2021 Tuesday Republic day
2 11-Mar-2021 Thursday Mahashivratri
3 29-Mar-2021 Monday Holi
4 02-Apr-2021 Friday Good Friday
5 14-Apr-2021 Wednesday Dr Baba Saheb Ambedkar Jayanti
6 21-Apr-2021 Wednesday Ram navami
7 13-May-2021 Thursday Id-Ul-Fitr (ID Ramzan)
8 21-Jul-2021 Wednesday Bakri ID
9 19-Aug-2021 Thursday Moharram
ten 10-Sep-2021 Friday Ganesh Chaturthi
11 15-Oct-2021 Friday Dussehra
12 05-Nov-2021 Friday Diwali-Balipratipada
13 19-Nov-2021 Friday Gurunanak Jayanti

The above mentioned holidays are mentioned on the official websites of BSE India and NSE India. Also Read – Maharashtra Lockdown News 2021: These 2 Districts Likely To Undergo Total Closure As COVID-19 Cases Continue To Rise


CA companies with products containing PFAS must provide notification

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On July 1, 2021, the California Department of Toxic Substances Control (DTSC) adopted a new “priority product” under the state’s Safer Consumer Products (SCP) program: rugs and rugs containing perfluoroalkyl or polyfluoroalkyl (PFAS) substances. Companies that manufacture, import, distribute, sell or assemble rugs and rugs containing PFAS that are sold in California will have until August 30, 2021 to provide a DTSC notice and will need to assess alternatives to using PFAS by now. December 28, 2021.

Key points to remember:

  • Manufacturers of rugs and rugs containing PFAS that are sold in California will be affected, although there are a number of exceptions.

  • Entities responsible for carpets and rugs containing PFAS must submit a Priority Product Notification (PPN) to DTSC by August 30, 2021. Responsible entities must then submit additional analyzes and documentation by December 28, 2021.

  • While the primary responsibility for compliance rests with manufacturers, other responsible entities should also remain informed. Responsibility for compliance rests with the importer, retailer or assembler if the manufacturer has failed to comply with the requirements and the DTSC has published the information on the non-compliance list.

Background

The SCP is California’s green chemistry law. As part of the SCP program, the DTSC is required to identify and prioritize chemicals of concern and to assess consumer products containing these chemicals in order to limit exposure or reduce the hazards associated with the use of chemicals. chemicals in consumer products. As Beveridge & Diamond previously described here and here, the DTSC designates a consumer product and a chemical of concern as a priority product when it finds that (1) the product is likely to be exposed to the chemical, and (2) that there is a potential for an or multiple exposures contribute or cause significant exposure or widespread negative impacts.

Responsible entities must then notify DTSC if they produce, assemble, import or sell a priority product; perform an alternatives analysis (which requires the evaluation and comparison of a priority product and one or more alternatives to determine if there is a safer and feasible alternative); and submit an alternatives analysis report to DTSC. Based on the results of the alternatives analysis, the DTSC may impose a range of regulatory responses to address the hazard or potential exposure, including:

  1. Require additional product information for consumers.

  2. Impose use restrictions on chemicals and products.

  3. Prohibit the sale of a product; require technical checks.

  4. Require end-of-life management.

  5. Order funding for green chemistry research.

DTSC noted its special designation proposal in February 2020, held a audience in May 2020, public accepted comments, and revised the analysis supporting the designation, with details available here. This is the fourth final and effective designation of a priority product by the DTSC to date. A complete list of priority products that have been proposed or adopted by DTSC under the SCP program is available here.

Priority Product Scope

This priority product designation covers all PFAS, an approach that can make compliance difficult. PFAS include approximately 5,000 substances. The designation does not distinguish between the various potential routes of exposure or levels of toxicity, but rather groups all PFAS substances together.

The DTSC has identified rugs and rugs as a major source of PFAS, as a large percentage of the PFAS produced globally is used to treat rugs, rugs and other home textiles to give them water resistance, to stains and oil. The regulations apply specifically to all consumer products containing PFAS that are intended for use as flooring inside commercial or residential buildings. The regulation contains a number of exceptions, including: rugs and carpets intended only for outdoor use, resilient flooring, artificial turf, drapes and wall coverings, placemats and camping mattresses. In addition, the regulation does not apply to rugs and carpets intended only for use inside planes, trains, ships or vehicles.

Reporting requirements and next steps

Responsible entities must now assess whether rugs or carpets sold in California contain PFAS. If the floor coverings do not contain PFAS, no further action is required. Responsible Entities whose rugs and carpets contain PFAS must submit a Priority Product Notification (PPN) to DTSC by August 30, 2021. After submitting a PPN, Responsible Entities must then submit one of the following by 28 December 2021:

  • a notification of intent / confirmation to eliminate chemicals

  • a notification of intention / confirmation of product deletion

  • a notification of intent / confirmation of chemical replacement, or

  • a preliminary report on the analysis of alternatives.

While manufacturers have the primary duty to comply with regulations, other responsible entities may include importers, assemblers or retailers of rugs and rugs containing PFAS. If the manufacturer does not comply with the regulations, importers must stop placing the priority product in the trade flow in California, and retailers or assemblers must stop ordering the priority product and submit a discontinuation notification to the DTSC. .

The designation may be subject to legal challenge, which could potentially suspend the notification and declaration deadlines. Public comments raised issues with the regulation of PFAS as a class, equating persistence with toxicity and challenging information supporting DTSC.

At this time, companies subject to designation will need to assess the scope of the designation and notification requirements. Companies that sell other consumer products in California containing PFAS should continue to follow the development of DTSC rules. The DTSC has currently proposed to list food packaging as well as treatments used on textiles or processed leathers, such as carpets, upholstery, clothing and footwear, containing PFAS.

Ashley Campfield, a summer associate, also contributed to this article.


The IPO market faces the busiest week of the year – if all 19 deals on the calendar are completed

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The U.S. initial public offering market is bracing for what would be the busiest week of the year so far – if all 19 listed deals go through.

That might not happen, after a massive selloff on Monday that sent the Dow Jones Industrial Average DJIA,
-2.61%
down 900 points amid growing concerns over the rapidly spreading delta variant of COVID-19 and tensions between the United States and China.

The market was also likely rocked by performance last week, which saw about half of the 13 listed companies trading below their issue price, according to Bill Smith, managing director and co-founder of Renaissance Capital, a provider of institutional research and IPO exchange. negotiated funds.

“Times are tough in the IPO boom town,” Smith wrote in a comment, adding that in addition to the deals that were negotiated, two more were postponed.

“The reason: poor secondary market returns from recent IPOs. Nobody gets a free pass when that number goes negative, ”Smith said.

The IPO of the Renaissance IPO ETF,
+ 0.46%
has fallen 6% year-to-date, underperforming the S&P 500 SPX,
-2.09%,
which gained about 13%.

See now: Robinhood wants $ 35 billion for its IPO: here are the 5 most striking disclosures from its filing

The Robinhood brokerage app has transformed the retail business. The WSJ explains its rise amid a series of legal investigations and regulatory challenges as it eagerly awaits its IPO. Photographic illustration: Jacob Reynolds / WSJ

The biggest deal this week is expected to be from Ryan Specialty Group RYAN,
,
an insurance brokerage firm aiming to raise up to $ 1.4 billion at a valuation of $ 6.1 billion. The company has applied to be listed on the New York Stock Exchange under the symbol “RYAN”.

“The company assists with the placement of hard-to-place risks for retail insurance brokers, as well as the research, integration, underwriting and management of those hard-to-place risks for insurance companies. insurance, ”Smith wrote.

The second largest contract concerns the hydraulic infrastructure company Core & Main CNM,
,
which aims to raise up to $ 802.7 million for a valuation of $ 5.2 billion. The company also plans to list on the NYSE under the symbol “CNM”. Goldman Sachs, Credit Suisse and JP Morgan are the main underwriters of a syndicate of 16 banks.

Paycor HCM PYCR,
,
an Ohio-based human capital management software company, aims to raise up to $ 388.5 million at a valuation of $ 3.6 billion. The stock is expected to be listed on the Nasdaq under the symbol “PYCR”. There are 14 underwriters on the IPO, led by Goldman Sachs and JP Morgan.

Don’t miss: Dole IPO: 5 things to know about the fruit and vegetable giant before its IPO

VTEX VTEX,
,
a software company that helps retailers build an e-commerce business, is expected to raise up to $ 235.9 million for a valuation of $ 3.2 billion. Class A shares are expected to be listed on the New York Stock Exchange under the ticker symbol VTEX. JP Morgan, Goldman Sachs and BofA Securities are the main underwriters.

Then come Instructure Holdings INST,
,
an educational company that has developed a learning management system, which aims to raise up to $ 262.5 million for a valuation of $ 2.9 billion. The company has applied to be listed on the NYSE under the symbol “INST”. Morgan Stanley, JP Morgan and Citigroup are the main underwriters of a syndicate of 14 banks.

Other great offers include:

• Zevia PBC ZVIA,
,
a beverage company that makes calorie-free, sugar-free drinks with “clean” ingredients. The Encino, California-based company plans to list the Class A shares on the New York Stock Exchange under the symbol “ZVIA”.

Zevia plans to offer 14.3 million shares at $ 13 to $ 15 each. That would value the company at $ 544.5 million at the high end of the range. Goldman Sachs & Co. LLC, BofA Securities and Morgan Stanley are the main underwriters in a syndicate of six banks. The company plans to use the proceeds of the IPO for working capital and other general corporate purposes.

See now: Zevia IPO: 5 things to know about the zero-calorie drink company before it goes public

• Outbrain, a profitable New York-based online content recommendation company, plans to raise up to $ 208 million for a possible valuation of up to $ 1.39 billion. The stock is expected to be listed on the Nasdaq under the symbol “OB”. Citigroup, Jefferies, Barclays and Evercore ISI run a group of seven underwriters.

• CS Disco Inc. LAW,
,
Texas-based provider of legal document review and eDiscovery services to law firms, expected to raise up to $ 217 million and be valued at $ 1.75 billion, after raising its price bracket offered Monday morning. The company has applied to be listed on the NYSE under the symbol “LAW”.

See: Authentic Brands IPO: 5 things to know about the company behind Sports Illustrated, Forever 21 and Marilyn Monroe

• Xponential Fitness XPOF,
,
a fitness boutique franchisor with chains such as Club Pilates, Row House, a studio chain for indoor rowing, and Stride, a treadmill-based studio chain, is looking to lift up to 212.8 million dollars for a valuation of 711 million dollars. The company is the largest boutique fitness franchisor in the United States with more than 1,750 studios.

Xpoential’s deal will follow that of F45 Training Holdings Inc. FXLV, backed by Mark Wahlberg,
-13.04%,
that hit the market last week. The two companies go public after a year in which the fitness club industry has been battered due to COVID-19.

To find out more, don’t miss: Mark Wahlberg-backed F45 starts trading after year of steep decline for fitness clubs

The U.S. fitness club industry lost $ 20.4 billion in 2020 after a year in which the industry generated record sales of $ 35 billion, according to data provided by IHRSA , the Global Health & Fitness Association.

F45 shares were down about 10% on Monday at $ 14.53, below their IPO price of $ 16.

Also: Soho House goes public: 5 things to know about the elite members’ club before its IPO


Living in a virtual world

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Content of the article

Technological advancements have a huge impact on the housing market

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There was a direction the Canadian real estate and homebuilding industry could have taken last year when the world stopped.

With open houses banned, sales centers unable to open, and the uncertainty of the standard, builders, developers and real estate agents were suddenly faced with what many predicted to be a bleak future.
Fortunately, it didn’t turn out that way, not by far.

In fact, StatsCan said earlier this year that “new home prices rose 1.3% six months after the start of the pandemic (between February and August) compared to a 0.2% drop seen in the last month. during the same period in 2019. Prices have increased in 23 of the 27 cities covered by the New Housing Price Index since the start of the pandemic. “

They may not have been the only ones responsible for the price increase, but advancements in technology have had a huge effect on buyers, sellers, developers and builders, especially since the onset of COVID-19.

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According to Anshul Ruparell, CEO of Real Restate brokerage Properly, “long-awaited innovation has accelerated in many industries, including real estate. An example of this, he says, are “house calls, which have always been disruptive to the seller, but today having people in and out of your house poses serious security concerns.

“As people become more comfortable with virtual viewings and with sight buying, the buying and selling process is evolving in ways that will long outlast the pandemic. “
How technology is helping to change an entire industry can be seen in three distinct software offerings below:

Correctly Polish powered by Jiffy: In February, Properly announced its partnership with Jiffy, an online home repair and maintenance app, to launch a service that gives sellers an “interest-free advance of $ 20,000 for upgrades and upgrades. the house in order to maximize the sale price “.

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According to the two companies, the seller only reimburses the costs of the upgrade after they close the “sale of their home, eliminating the financial burden and stress of handling upgrades before listing.”

Home improvements include refreshing a home’s interior with a “fresh coat” of neutral-colored paint to hide “the wear and tear from years of normal home use, installing new light fixtures, landscaping of front and back yards; and installation of a new tankless water heater.

Sellers of a property can then access Properly Polish powered by Jiffy, which contains a list of recommended home improvements. Once a job is selected online, the job is then completed in about a week, according to the two companies.

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VIP-VTRM Red Carpet: Fortunately, pandemics do not mutate in the virtual world, which is a bonus for Mississauga-based NEEZO Studios, the creators of LiveSiteTM, a virtual sales app that “gives homebuyers the exact same user experience as in the world. sales center ”.

The company, which was part of the development team for the HGTV The Property Brothers series – the furniture and props flyover scenes in each show were the work of NEEZO – has created an app that helps homebuyers explore and compare 2D or fully furnished 3D floor plans and filter selections by unit size, geographic location and number of bedrooms.

It also offers them the opportunity to observe the development from day to dusk to assess the sun / shadows, to check the amenities in the area and how far they will be from their new home and, in the case of a condominium project, explore building amenities.

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The company’s latest app is Red-Carpet VIP-VTRLM, which contains a series of interactive touchpoints for users to download, listen to or view 3D elements of the sales center.
The app, which this month won gold in the 2021 National Association of Home Builders awards competition, was created out of necessity during the pandemic, company founder Marvin Maalouf said. professional electrical engineer by training.

“As with any red carpet event, you have to RSVP to access it, which is also expected for a builder’s pre-launch,” he says. “Now it can be offered virtually. “

SaleFish: This software suite is aimed at home buyers as well as developers, buildings and residential real estate agents.

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For buyers, SaleFish “provides a website that allows them to browse, select and buy a home online,” the company says, and as for sellers, they can use it to digitally centralize all documents, capture electronic signatures and examine floors. plans with buyers.

“Whether it’s high-rise condos, stacked or standard townhouses, or single-family homes, there is a significant demand for giving buyers the ability to buy online,” he says.

“After COVID, this will continue to be imperative for a builder’s success as many buyers, and especially investors, show a preference for buying online. Sales centers will still be important to some buyers, but this can no longer be the only method of selling residential properties. “

Rick Haws, co-founder and president of SaleFish, defines the company as a real estate transaction software company that thinks about “accelerating and advancing in terms of new features, improved efficiency and more. simplicity “.

When asked if this was a learning process for SaleFish, he said yes, but “we’ve been developing our product for over 15 years. “Time and experience have resulted in simplicity and simplicity provides value and reduces the learning curve.”

The price, meanwhile, depends on the features used and can range from $ 5,000 to $ 50,000.

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3 renewable energy stocks to buy if the market collapses

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Stock market crashes are an integral part of investing, although they can be shocking to investors. However, if you are prepared for these events with a stock buying list that you would appreciate being able to acquire at a discount, the dips can actually help you build a diversified portfolio.

So which renewable energy companies should be on your buying list the next time stock prices fall? For three of our contributors, the answers to this question are Flowering energy (NYSE: BE), Brookfield Renewable Power (NYSE: BEP), and Lucid Motors, which will join the public market later this month via a merger with SPAC Churchill Capital IV (NYSE: CCIV).

Image source: Getty Images.

The game of hydrogen energy

Travis Hoium (Flowering energy): One of the most exciting growth markets in renewable energy is hydrogen technology, and Bloom Energy is one of the industry leaders. Bloom manufactures fuel cell “servers” that use hydrogen to generate electricity, and solid oxide electrolyzers that use electricity to generate hydrogen from water. Between these systems, Bloom occupies two key places in the hydrogen economy, which is a great place as this segment of the energy market grows.

Bloom Energy didn’t get as much attention as Connect the power (NASDAQ: PLUG) or Ballard Power Systems (NASDAQ: BLDP), who both have higher valuations than him. But Bloom is a better trader with more revenue and higher gross margins. And with an energy solution designed for large-scale deployments, it has a long growth track to a total addressable market that management believes could exceed $ 2 trillion.

BE Income Graph (TTM)

BE Revenue (TTM) data by YCharts

What Bloom Energy has yet to generate are profits – these have so far eluded the entire fuel cell industry. But with its margins rising and its deliveries growing, Bloom Energy could be profitable in the coming years. If this happens and investors can access the stock for less than current levels, it could turn out to be a great buy.

A wind power boon

Howard Smith (Brookfield Renewable): Market declines often give investors the opportunity to buy more of their favorite stocks at better prices. For companies like Brookfield Renewable, they offer a second benefit. The stock dividend pays around 3% at recent prices, and a stock market crash could offer investors the opportunity to secure income at an even more desirable yield.

Brookfield Renewable has a portfolio of nearly $ 60 billion of renewable energy assets globally. Hydroelectric assets accounted for around 65% of its electricity production in 2020, wind generating an additional 25% and most of the rest coming from solar installations.

Hydroelectric, wind and solar renewable energy assets.

Image source: Getty Images.

Investors have recognized the growth potential of the renewable energy sector, and Brookfield shares have risen about 40% in the past year. As of March 31, it had a capacity of approximately 20,600 megawatts (MW), but also had a project development pipeline with a capacity of 27,000 MW.

These assets generate stable cash flow that supports its dividend payments. In the first quarter of 2021, funds from operations (FFO) increased by 21% compared to the same period of the previous year. The company expects this growth to continue. In its first quarter report, management said it “focuses on opportunities that build on our strengths – where we can invest for value, leverage our operating capabilities to increase our cash flow “. Brookfield aims to increase distributions to shareholders from 5% to 9% per year.

It will also continue to invest for growth. Brookfield made its first investment in offshore wind power in the first quarter after several years of monitoring the development of this technology. Including dividends, the company expects shareholders to see long-term annualized returns in the range of 12% to 15%. Investors who buy Brookfield Renewable shares for sale during a market liquidation should be generously rewarded.

Massive industrialization of luxury electric vehicles

Daniel Foelber (Lucid Engines): No one knows for sure when or how the next market correction will occur. But in the long run, stocks have proven time and time again to be one of the best ways to build wealth.

When considering a business like Lucid Motors, it’s best to ignore short-term market fluctuations and focus on the big picture instead. This means investors need to keep a close watch on the reception of its highly anticipated Lucid Air Dream Edition to see if it lives up to the hype and if it can ramp up production to meet its mass-manufacturing goals.

Lucid recently announced that it will hold a special meeting of shareholders on July 22 to vote on its proposed business combination with Churchill Capital. Assuming everything goes as planned, on July 23 Churchill Capital will be delisting NYSE, and the shares of the new combined company will be listed on Nasdaq under the LCID symbol.

Lucid’s marketing strategy resembles that used by You’re here (NASDAQ: TSLA): He plans to start with the low-volume deployment of a high-margin vehicle and then move to a lower-margin, higher-volume strategy over time. The company wants to establish its brand, be recognized for its quality and performance, achieve sales and profits to its credit, and then grow. This game plan is less capital intensive and in many ways less risky than moving quickly to mass production. Considering the failure rate of American automakers, gradual expansion seems like a reasonable path to take.

The company claims that the Lucid Dream Edition has a rated range of 503 miles on a full charge and that its 1,080 horsepower engine can go from 0 to 60 mph in 2.5 seconds or less. The specs speak for themselves, but it will take a lot more than a hot car for Lucid to become a rival to automakers like Tesla.

Lucid has set itself ambitious business goals, including the goal of being profitable by next year and positive Free Cash Flow (FCF) by 2025. Even if it achieves all of its goals, it will have to continue. on its momentum for years to justify its current valuation.

Lucid Motors could very well become a stock of millionaire electric vehicles. But it could also fail epically for a variety of reasons. The battle for electric vehicle fame will only intensify as a multitude of new companies clash with established automakers. In this hyper-competitive environment, delays and missed targets could have far-reaching consequences. When it comes to its potential for long-term success, the competitive advantages of Lucid’s technology and its ability to increase manufacturing will be far greater than the ebb and flow of the broader stock market.

Large stocks to buy at a reduced price

We are bullish on all of these stocks for the long term, but investors who can enter at lower prices will naturally be positioned for better returns. The clean energy revolution still has a long way to go, and whether you’d rather invest your money in hydrogen, wind and solar or electric vehicles, there are some intriguing investment options worth considering. be explored.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


I made a list of growing companies and China Suntien Green Energy (HKG: 956) succeeded

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Some have more money than common sense, they say, so even businesses with no income, no profit, and a record of failure can easily find investors. Unfortunately, high-risk investments are often unlikely to pay off, and many investors pay a price to learn their lesson.

Contrary to all this, I prefer to spend time on companies like China Suntien green energy (HKG: 956), which not only has income, but also profits. Now, I’m not saying the stock is necessarily undervalued today; but I cannot shake the appreciation of the profitability of the company itself. Conversely, a loss-making company has yet to prove itself with profit, and eventually the sweet milk of external capital can turn sour.

Check out our latest analysis for China Suntien Green Energy

How fast is China Suntien Green Energy increasing its earnings per share?

If you think the markets are even vaguely efficient, then in the long run you would expect a company’s stock price to follow its earnings per share (EPS). This means that growing EPS is seen as a real benefit by most successful long-term investors. Over the past three years, China Suntien Green Energy has increased its EPS by 17% per year. This growth rate is good enough, assuming the business can sustain it.

One way to check how a business is growing is to look at how its income and profit before interest and tax (EBIT) have changed. While revenues appear a bit flat, the good news is that EBIT margins have improved 2.4 percentage points to 25% over the past twelve months. It’s really positive.

In the graph below, you can see how the business has increased its profit and revenue over time. For more details, click on the image.

SEHK: 956 Revenue and Revenue History July 16, 2021

Of course, the trick is to find stocks that have their best days in the future, not in the past. You can of course base your opinion on past performance, but you can also check out this interactive chart of Professional Analyst EPS Forecasts for China Suntien Green Energy.

Are China Suntien Green Energy Insiders Aligned With All Shareholders?

Generally, I think it’s worth considering how much the CEO is paid, as unreasonably high rates could be viewed as being against the interests of shareholders. For companies with market capitalization between CNN 26 billion and CNN 78 billion, like China Suntien Green Energy, the median CEO salary is around CNN 3.0 million.

China Suntien Green Energy offered total compensation worth CN $ 1.8 million to its CEO in the year to. This is lower than the average for similar sized companies and seems pretty reasonable to me. CEO compensation levels aren’t the most important metric for investors, but when the salary is modest, it promotes better alignment between the CEO and common shareholders. It can also be a sign of a culture of integrity, in the broad sense.

Does China Suntien’s green energy deserve a spot on your watch list?

One positive point for China Suntien Green Energy is that it increases its BPA. It’s nice to see. Not only that, but the CEO is paid quite reasonably which gives me more confidence in the board. So I think the title deserves further research, if not an instant addition to your watchlist. However, you should always think about the risks. Concrete example, we have spotted 3 warning signs for China Suntien Green Energy you need to be aware of it, and one of them is important.

You can invest in any business. But if you’d rather focus on stocks that have demonstrated insider buying, here’s a list of companies that have made insider buying in the past three months.

Please note that the insider trading discussed in this article refers to reportable trades in the relevant jurisdiction.

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Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


The Flash’s Impulse shares wishlist for Arrowverse crossover

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Flash star Jordan Fisher reveals which of the other Arrowverse shows he wants Impulse to cross paths with.

The impulse may be new for Flash, but actor Jordan Fisher can’t wait to see Bart Allen appear on the Arrowverse’s other shows.

Fisher, who plays Barry Allen’s teenage son from the future, Bart, spoke to ComicBook.com about the crossover with other Arrowverse shows. “Oh my God. Superman and Lois, I think that would be a lot of fun, ”Fisher said. “I have a buddy on the show, Erik Valdez, who is awesome. I love doing that. ”Valdez plays Kyle Cushing, Lana Lang’s husband.

RELATED: The Flash Signs Three-Star Return Following Cavanagh & Valdes Leaving

“I love Brec [Bassinger] also, and I think Star girl that would be cool, just to get in and out real quick. Why not? Let me come help you for a hot second, “Fisher added.” Again, I’m always going to be wrong on the side of, ‘Where do my friends work? What shows do I have friends on? Let’s go, let’s go. I think that Batwoman would also be pretty sexy. “

Fisher said the nature of his character opens up several story options. “There’s so much to explore on the Justice League side as far as DC is concerned, as you know. It’s very complex and has a lot of layers, and being a speedster, time travel is something. that can happen, there are so many possibilities. It’s possible for any character to do any crossover and be able to help out on the battlefield in any timeline, any … It’s gonna be the Flash family. Okay. So that, I’d love to. I’d absolutely love to do a crossover, especially if I’m working with friends. It’s a blast for sure. “

New episodes of Flash Airs Tuesdays at 8 p.m. ET / PT on The CW.

KEEP READING: The Flash: Diggle’s Arrowverse Returns Just Begun

Source: ComicBook.com


REPORT: Loki to appear in Doctor Strange in the Multiverse of Madness


About the Author



These big tech stocks, including Square and Tesla, are expected to post the best sales growth as the US economy grows

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You might be alarmed when you see the headlines about the rising cost of living.

But rising consumer prices are a by-product of an economy that has been fueled by the government and stimulated by the Federal Reserve in an unprecedented way. This economic expansion can last for years and should benefit the biggest tech companies.

Below is a list of the top 30 tech companies in the Russell 1000 Index and their expected sales growth rates through 2023. Sales growth has been a key driver for tech-driven growth investors .

Lily: Cost of living posts biggest increase since 2008, US CPI shows, as inflation spikes in economy

The headline above may raise concerns that rising inflation may cause a reversal of Federal Reserve policies that keep interest rates low. Fear of rising interest rates can cause a rapid reversal of a bull market for stocks, but this type of negative reaction was temporary in the years following the 2008 credit crunch.

Investors should also keep in mind that to keep long term low interest rates are in the government’s best interest to keep the cost of borrowing low. Looking at the end of 2019, before the coronavirus pandemic triggered drastic interest rate cuts, the yield on 10-year US Treasuries was 1.92%. This can hardly be considered high – at the end of 2007 the 10-year yield was 4.04%.

So be prepared for a nervous market when the Federal Reserve gives a clear signal of a policy change, but don’t panic. We have seen this before. You may remember the “taper tantrum” in the financial media before the Fed started to raise short-term rates at the end of 2015 (after lowering the target federal funds rate to a zero-to-zero range). 0.25% in December 2008). There were brief and minor pullbacks for the S&P 500 Index before and after the December 2015 drop – they were quickly forgotten by long-term investors.

Big Tech Sales Growth Screen

The following is a list of the top 30 tech stocks from the Russell 1000 Index RUI,
-0.28%.
We have defined “technology stocks” broadly. Among the actions FAANG – Facebook Inc. FB,
-0.25%,
Amazon.com Inc. AMZN,
-0.61%,
Apple Inc. AAPL,
+ 0.71%,
Netflix Inc. NFLX,
+ 0.68%
and the holding company Google Alphabet Inc. GOOG,
+ 0.36%

GOOGL,
+ 0.06%
– only one (Apple) is in the information technology sector, as defined by the S&P Dow Jones indices. The rest are all in the communications services industry, with the exception of Amazon, which is in the consumer discretionary industry.

The list therefore includes all FAANG, as well as Tesla Inc. TSLA,
-2.34%
and other tech-driven companies, such as Square Inc. SQ,
-0.68%,
Uber Technologies Inc. UBER,
-0.35%
and Zoom Video Communications Inc. ZM,
-0.30%,
which are not yet included in the S&P 500.

Here are the 30 biggest tech stocks in the Russell 1000, ranked by expected compound annual growth rates, based on consensus estimates through 2023 among analysts polled by FactSet. For three of the companies, estimates are only available through 2022, so they have a two-year CAGR and are marked with asterisks after the company names. Sales estimates are in millions:

Company CAGR of sales estimated over three years until 2023 Estimated turnover – 2023 calendar Estimated turnover – 2022 calendar Estimated turnover – 2021 calendar Turnover – 2020 calendar

Square Inc. Class A SQ,
-0.68%

40.00%

$ 26,062

$ 23,121

$ 20,305

$ 9,498

Tesla Inc. TSLA,
-2.34%

38.59%

$ 83,937

$ 68,024

$ 49,537

$ 31,536

Uber Technologies Inc. UBER,
-0.35%

35.99%

$ 28,011

$ 22,273

$ 15,865

$ 11,139

Zoom Video Communications Inc. Class A ZM,
-0.30%

31.46%

$ 5,498

$ 4,711

$ 3,879

$ 2,420

Micron Technology Inc. * UM,
-1.21%

30.21%

N / A

$ 38,223

$ 30,844

$ 22,544

ServiceNow Inc. NOW,
-0.55%

25.42%

$ 8,915

$ 7,178

$ 5,741

$ 4,519

Advanced Micro Devices Inc. AMD,
-0.64%

25.38%

$ 19,241

$ 16,957

$ 14,629

$ 9,763

Facebook Inc. Class A FB,
-0.25%

23.16%

$ 160,608

$ 138,150

$ 115,634

$ 85,965

Nvidia Corp. NVDA,
-1.50%

23.07%

$ 29,903

$ 27,069

$ 24,181

$ 16,042

PayPal Holdings Inc. PYPL,
-0.50%

21.20%

$ 38,160

$ 31,442

$ 25,853

$ 21,434

Amazon.com Inc. AMZN,
-0.61%

20.70%

$ 678,932

$ 581,346

$ 490,169

$ 386,064

Alphabet Inc. Class C GOOG,
+ 0.36%

20.12%

$ 316,036

$ 274,880

$ 235,732

$ 182,350

CRM Salesforce.com Inc.,
+ 0.31%

19.46%

$ 35,679

$ 30,614

$ 25,567

$ 20,930

Mastercard Inc. Class A MA,
+ 2.11%

18.54%

$ 25,485

$ 22,039

$ 18,436

$ 15,301

Intuit Inc. INTU,
+ 0.17%

17.49%

$ 12,580

$ 11,467

$ 10,012

$ 7,757

Adobe Inc. ADBE,
+ 0.68%

16.72%

$ 20,899

$ 18,302

$ 15,890

$ 13,142

Netflix Inc. NFLX,
+ 0.68%

16.04%

$ 39,054

$ 34,165

$ 29,699

$ 24,996

Visa Inc. Class AV,
+1.37%

15.99%

$ 33,521

$ 29,303

$ 24,808

$ 21,479

Applied Materials Inc. AMAT,
-0.34%

13.44%

$ 26,080

$ 24,961

$ 23,011

$ 17,867

Microsoft Corp. MSFT,
+ 1.11%

12.22%

$ 216,639

$ 198,849

$ 176,579

$ 153,284

Accenture PLC class A ACN,
+ 0.20%

11.18%

$ 61,910

$ 56,917

$ 52,151

$ 45,046

Qualcomm Inc. QCOM,
-1.06%

10.20%

$ 35,716

$ 35,468

$ 32,908

$ 26,690

Apple Inc. AAPL,
+ 0.71%

10.13%

$ 392,662

$ 372,749

$ 357,917

$ 293,971

Broadcom Inc. * AVGO,
-0.39%

9.16%

N / A

$ 29,100

$ 27,523

$ 24,419

Texas Instruments Inc. TXN,
-0.45%

8.76%

$ 18,602

$ 18,186

$ 17,480

$ 14,461

Fidelity National Information Services Inc. FIS,
+ 0.75%

8.38%

$ 15,978

$ 14,851

$ 13,752

$ 12,552

Cisco Systems Inc. * CSCO,
+ 0.10%

4.54%

N / A

$ 52,500

$ 50,654

$ 48,038

Oracle Corp. ORCL,
+ 0.01%

3.77%

$ 44,140

$ 43,145

$ 41,473

$ 39,499

International Business Machines Corp. IBM,
-0.63%

1.21%

$ 76,329

$ 75,212

$ 74,307

$ 73,620

Intel Corp. INTC,
+ 0.19%

-1.31%

$ 74,853

$ 72,668

$ 72,698

$ 77,867

Source: FactSet

Click on tickers to learn more about each company, including news, price ratios, and company profile ratings.

Data is based on calendar years as some of the companies have tax years that are not on the calendar.

For Cisco Systems Inc. CSCO,
+ 0.10%,
Broadcom Inc. AVGO,
-0.39%
and Micron Technology Inc. MU,
-1.21%,
consensus sales estimates are not yet available for the 2023 schedule. Therefore, the table contains two-year estimates for the CAGR of sales to 2022.

This is a screen of a single set of estimates – an important one. You should do your own research to make up your own mind about the long-term viability of a business before considering an investment.


Tips and trends to know when selling on Bring a Trailer

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If this is your first time submitting a vehicle, BaT recommends uploading 10-20 photos that provide an accurate story about the car. Each photo should be 1-4MB for clarity; note that the image downloader will not accept files larger than 10MB each. (They even provide a photo guide.)

The other key aspect is the description, and while BaT assigns a rep to write the text for you, if you want to get their attention, you will need to submit a solid set of specifications and information to the team for evaluation. Sending a description like “1987 Chevrolet K5 Blazer Silverado in Midnight Black, Very Good Condition” will not suffice. This same truck recently sold for $ 88,000 on the site in June with a slew of feature listings.

Once you put the car up for sale and signed on the dotted line for auction services, there is no cancellation of the auction and the relisting is not on the table either. . This keeps the site fresh and avoids confusion and bidding wars. You can lower the reserve at any time during a live auction, however, if it looks like the price isn’t going to get there.

Why choose BaT over an auction house like Sotheby’s or Barrett-Jackson? That’s a much faster turnaround time, says Beatty. On top of that, the fees are significantly lower for the seller. The site offers a classic listing for $ 99, which includes a dedicated point of contact who writes up the description. Upgraded service is $ 349 which includes professional on-site photographers who take the car entirely based on a comprehensive photo checklist. And they have a relatively new “white glove” service for large cars and collections. Buyers pay five percent with a minimum of $ 250 and fees cap at $ 5,000.

The BaT team deal with a number of people who have slow internet connections and limited computer skills, Beatty says, and they have a large audience of seniors.

“I was talking to a guy once who had a really nice Mercedes-Benz 280SL, but he had terrible photos,” Beatty recalls. “He sent me a USB stick by mail. For some, getting photos here is a challenge.

Every BaT staff member has a story about a salesman, and Swig remembers a woman and her daughter in Arizona who wanted to sell a 1973 Chevron B23 that had raced at Le Mans. It is not an approved vehicle for the street; it is a serious crawler machine.

“The owner was an avid racing driver and an auto executive who owned a lot of racing cars,” says Swig. “When his health deteriorated, his wife and daughter decided to sell some of them, including the Chevron B-23; it’s one of the most important racing cars we’ve seen. Luckily we know a lot of photographers in the Scottsdale area so we were able to set it up nicely nearby and help them go through their files and tackle a very daunting task. There was a lot of trepidation and uncertainty on their side and we set it all up for them. “

Beatty and Swig are keeping an eye out for current trends, which find SUVs and vans to be super hot as well as imports like the Skyline which have soared above $ 300,000.

“So many bidders on BaT want cars they can get on and drive in. They want cars that have a user-friendliness component and are accessible, ”says Swig. “We are seeing tremendous market interest in this emerging segment of American SUVs, trucks and 4x4s from the 1970s to 1990s. Vehicles that were just used cars five to ten years ago are now new. collectors. Many of them were driven on a daily basis and even broke down at some point. When an example of mint arrives, it grabs people’s attention, and the most original examples of the lowest mile will rise above the rest.

After 14 years on the scene, BaT’s more than 75 employees aren’t just resting on their laurels.

“The most valuable asset in the world today is people’s attention,” says Swig. “Competition is a good thing. We always wish new players success; if it was easy, everyone would. You need the community and you need to build your reputation.

Do you have any advice? Send a note to the author: [email protected]


China plans security checks for overseas-listed tech companies

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China on Saturday decided to require domestic tech companies to submit to cybersecurity checks before they can go public overseas, a move that would fill the regulatory void that has allowed ride-sharing giant Didi to list its shares on Wall Street last week without getting a good digital health check from Beijing.

On July 2, two days after Didi’s shares began trading on the New York Stock Exchange, China’s Internet regulator ordered the company to stop registering users while authorities conducted a security review, causing its stock price to drop.

Chinese regulators have since ordered Didi’s apps on mobile stores and fined him for failing to give advance notice of some of his past merger deals, clearly expressing their dissatisfaction with the move. company, whose ridesharing service has 377 million annual active users in China.

Data protection has been at the center of Beijing’s concerns as China competes with the United States for high-tech leadership. Just as U.S. officials have sought to ensure that Americans’ data is protected from the prying eyes of the Communist Party, Chinese officials want to ensure that domestic tech companies don’t compromise their information about Chinese users when they become public abroad and submit to the examination of foreigners. securities regulators.

China’s internet regulator, the Cyberspace Administration of China, promulgated its rules on security reviews last year as part of its framework to protect the country’s digital infrastructure.

Those regulations don’t require companies like Didi to go through a formal security check before filing an initial overseas public offering, but that would change based on the agency’s proposed revisions on Saturday.

The revised rules state that a security review would be mandatory for any company with information on more than one million users and seeking to list their shares overseas. These companies are expected to submit documents related to their IPOs, as well as procurement documents and contracts.

Under existing rules, the security review aims to address national security and business continuity risks posed by servers, software, cloud services, and other products used by large technology companies.

The revised rules add two more risks to the list: the possibility that important data could be “stolen, disclosed, damaged and exploited illegally or moved abroad”, and that the data could be “influenced, controlled or exploited in any way. malicious by foreign governments ”after an IPO abroad

The Cyberspace Administration is accepting public comments on the revisions until July 25.

Key Chinese policymakers this week said in a policy document that they would seek to strengthen oversight of overseas listed companies, an issue the document presented as a national security concern.

For fast-growing Chinese tech companies, a sale of shares on Wall Street has long been coveted as a chance to reward early employees and backers while gaining validation from international investors. But Beijing says none of this is as important as securing companies’ data and digital infrastructure.

After opposing Didi, the cyberspace administration this week ordered three more internet platforms – two that connect freight customers to truck drivers and one for job recruiting – to suspend registrations of users and undergo security reviews. Like Didi, the two companies behind these platforms, Full Truck Alliance and Kanzhun, also recently went public in the United States.


Kansas mansion with underground diving tunnels to be auctioned off without reservation

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If you’re looking for a European-inspired castle-like mansion, with a labyrinth of underground tunnels filled with water used for scuba diving, this estate could be yours for a fraction of the estimated $ 30 million it was built. .

“The Spirit of Avalon”, named after the legend of King Arthur, is a unique 15-acre luxury estate perched on the west shore of Quivira Lake at 5225 Renner Rd. In northwest Johnson County. The domain, currently on sale for $ 5.75 million will be auctioned unconditionally from July 23 through July 28 by a New York-based luxury real estate auction company.

“The auction company, Concierge Auctions, encourages people to make an opening bid before the July 23 start date,” said Katie Casey, realtor at Crown Realty, who is putting the house up for sale with her father. , real estate agent Gary Hosack. .

“On the night of July 22, the owner will decide where to open the auction based on these opening bids.” Appointments can be made to tour the property, Casey said. A deposit of $ 100,000 will be required for those interested in bidding.

The 17,755 square foot home features seven bedrooms, seven full baths, seven half baths, and several commercial kitchens. It was custom built in 1993 for businessman Dennis Langley, an executive and lawyer at a gas company, and his wife, Lynette Shaw. “It took about two years to build the house,” Casey said.

The estate offers views from almost every window and is set on a heavily landscaped property with terraced gardens, statues, bodies of water and miles of paved walking, running, or golf cart trails that run through the property. “It’s like an arboretum, it’s so beautiful,” Casey said.

Langley, who at one point was the speech editor of then-senator Joe Biden, was an avid scuba diver. Beginning in the late 1990s, Langley spent around $ 10 million on upgrades, including the addition of scuba diving tunnels, a cave, and a 35-foot-high waterfall, which stands dumps into a spectacular 30-foot-deep pond filled with koi, catfish and sea bass. . “You can fish, swim or snorkel in the pond,” Casey said. “It took about two to three years to build the cave and the tunnels,” Casey said. “Inside the cave is a swimming pool.

Langley died from injuries he sustained after a fall while pruning trees on his estate in 2017. His widow has downsized and is now selling it.

“The house has seven bedrooms, seven baths, seven half baths,” Casey said. She said the property was originally listed for $ 11.8 million in September 2019 and is now priced at $ 5.75 million. “Kansas City doesn’t have any comps of this nature,” she said, noting that it was a unique property marketed around the world.

Casey said it took about two years to build the house. In 2002, a large two-story library was added. The 6,440-square-foot bookcase, where books are arranged according to the Dewey Decimal System, features expansive floor-to-ceiling bookcases, hand-carved dragon doors, ornate stained glass windows, and a large stained-glass dome. The house also includes large entertainment areas, a guest house, media center and theater hall, as well as basketball and volleyball courts. A hot tub, sauna, hammam and bar are also integrated into the house.

The master bedroom features a mural of the Hand of God resembling the Sistine Chapel, while another room features a fresco of the first image taken by the Hubble Telescope. “The whole house draws you in,” Casey said.

“Some antiques are built into the house,” Casey said. She said a sculpted Spanish piece from the 1490s will remain with the house. “There is also a Salem Witch Trials Chair in Salem, Massachusetts, which will be sold with the house.”

Most of the antiques, fine furniture and personal belongings that filled the estate were auctioned in 2019, paving the way for the property to go up for sale.

“From the initial purchase price to whatever update they’ve done, they’ve invested almost $ 30 million into the property,” Casey said. “We think the opening bid will be around $ 2 million, but there’s no way to really know.”

The house has been marketed wherever possible, Casey said. “We had people from Colorado, executives from Kansas City, and people from Thailand who came to visit the house. It definitely grabbed the attention of the whole world.

Using the auction method, Casey said the auction company has had great success selling properties of this caliber across the United States. “It seems to work and they attract a lot of people every day. The auction runs until July 28.

Watch the video above for a tour of this mansion.

Kansas City Star Related Stories


Argo Blockchain (ARB.L) intends to list as secondary stock on Nasdaq – Own Snap

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Argo Blockchain’s share has peaked since the end of 2020. Values ​​have risen to 117 GBP, an increase of over 90%. The share peaked in the February-April period, in particular. Overall, in 2021, it did not drop below 77 points. For the past month, the slope has fluctuated around 120 GBP. On July 8, it fell 8% to 115 GBP.

Argo Blockchain plans to reach a secondary listing on the Nasdaq. Argo said the time to market and conditions have not yet been determined. Depending on the company, the market and other conditions will be the driving factors. The announcement came as Argo was building a 200 megawatt (MW) mining facility in Texas, United States. According to its website, the company currently operates three mining facilities in Canada with a combined capacity of 35 MW, which are used to mine Bitcoin and silver.

Argo was founded in 2017 and went public in August 2018 on the London Stock Exchange. Current market value, according to The Block’s dashboard, exceeds $ 666 million. The company said it mined 167 bitcoin during the month, which is worth around $ 5.8 million at current prices. The June release so far brings the company’s total bitcoin mined to 883 (worth nearly $ 31 million). As of June, Argo had 1,268 bitcoins (worth over $ 44 million). According to Argo CEO Peter Wall, the month of June saw significant changes in the crypto industry, including a decrease in the total global hash rate and mining difficulties as mining machines in China went offline.


Amazon Prime Video invests in Australian Originals

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This week Media week profiled the creatives behind the Amazon Prime Video Australian Original Sydney luxury listings. As of today, the series goes global in more than 200 countries, with Amazon Prime customers being able to watch the series on transactions and transactions of prestige properties in Sydney.

Amazon Prime service has over 200 million customers, with Amazon founder Jeff Bezos noting earlier this year that around 175 million of them had streamed some of the video content. While we don’t know how much content these customers viewed, we do know the company is investing and working hard to grow their list of Australian productions.

See also: Amazon to spend $ 150 million on 14 original Australian productions creating 2,500 jobs

The arrival of Australia luxury listings takes her to a new stage – the property’s docu-reality programming.

Media week spoke to two members of the Amazon Prime Video team this week about the series and its Australian plans.

CJ Yu

CJ Yu, Head of Unscripted Development, Global Formats at Amazon Studios, said Media week:

Sydney luxury listings was a unique opportunity for us to present Sydney in a way never seen on television. When we look at unscripted reality programming, we always try to find a show that resonates with local audiences. He’s the one that really puts Sydney in the spotlight.

“We really think we have something that will feel unique and special to our customers around the world. But we also want to make sure we serve the local customer well. “

On the origins of the idea, Yu said, “Our partners at Kentel found the cast and they brought it to us. It was important for us to make sure that for any show like this we had the best realtors in Sydney. We wanted to make sure we had the best of the best.

“We then set off with our partner Kentel and our production partner Eureka to create what eventually became Sydney luxury listings. “

International appeal is something the streamer is sure the series has.

“Docu-reality series is definitely experiencing a resurgence around the world,” Yu said. “In recent years you’ve seen Real housewives take off in different cities around the world. There are real estate fairs Million Dollar List New York and LA and Sell ​​the sunset.

“These types of shows offer something unique to customers because they show a world that most people are not part of.”

Tyler Bern

Tyler Bern, Content Manager, Prime Video Australia, New Zealand, added: “We are ordering for a local audience, but in this context some shows will travel more than others. Luxury Ads Sydney will definitely travel. We know our Australian customers and customers around the world will love it. It is so good.

When asked to create a new Luxury Ads franchise, Yu explained, “We can’t talk about our development list, but when we have success in a market, it is likely that we will try to replicate that success around the world.”

Regarding the show’s brilliant production values, Yu said, “When you watch docu-reality series, you usually have two paths. You have shows that use a proven method that we’ve all seen. Versions of reality TV shows you often see on cable. The other is the high style you see more on streaming services.

“For us, the visual aspect of the show was extremely important because it makes a bold statement. When you watch these shows, it’s easy to think that b-roll [accompanying footage intercut with the main shot in an interview or documentary] maybe an afterthought. For us, capturing the city as a character on the show was extremely important.

“We spent days after days filming specific b-roll sequences to make sure the lifestyle was captured so the viewer felt like they were living it. It’s easy to snap a few shots here and there of Sydney Harbor. It’s really hard to keep Sydney from looking bad. Our crews really pushed the limits of Sydney’s beauty. The visual aesthetic really brings the city to life as the fourth character so to speak. “

When it comes to measuring the success of Sydney luxury listings, Bern said, “We want this to be a lively and fun show that our customers talk about and share with their friends and family. It’s an exciting week for us and launch day is a great time and we will be looking for engagement from our customers.

Amazon Prime Video

Amazon Prime Video Showcase Host Joel Creasy with Luxe Listings Sydney stars and Prime Video’s Tyler Bern

Types of programs

Berne: “There is no formula that we try to follow. We let our development list guide what we give the green light. We try to create a wide variety of shows to engage as many customers as possible. Guilty Pleasure Reality fans might not be fans of sports programs like [AFL series] Make a mark. These fans in turn might not be fans of something like Clarkson’s farm. We want to make sure that we program our service with a wide range of content to make it most appealing to Australian customers.

“This [real estate] like, we’ll find out once it’s launched. We’re incredibly happy with this show and it’s a genre we want to explore. It’s a fun show that we think our customers will love… and we hope to do more.

Asked about the growth in streaming service options for customers, Bern said they don’t think too much about competitors. “We’re really focused on creating great shows and serving our customers.

“We just want to focus on Deluxe Lists, Alice Hart’s Lost Flowers, Deadloch, Class of 07. As our recent program event showed, we have a lot to do with a lot of exciting projects. “

Amazon Prime Video’s schedule for its Australian originals has a lot to offer for the rest of 2021. Australia Luxury List is out now, Nine Perfect Strangers releases in August, followed by the highly anticipated Back to the rafters in September.

“We’ve been unscripted heavy in Australia so far, but we’re taking a big step forward in the script. Live the sport too. We just had the Australian swim trials and are looking for more sporting opportunities in direct. “

Berne confirmed: “We will be looking at any live sports opportunity that comes into the market. Swimming was our first live sporting event in Australia and it was important for us to find an event and partner that would be appreciated by our customers. We have had great success and are excited to be launching more swimming events over the next two years. “

Swimming was also offered to millions of Prime customers around the world. Bern would not be drawn to the sheer number of people watched, but he revealed there were some parts of the world that showed great interest in Australian swimming.

There is no specific timeline attached to the Australian Original roadmap, but Bern said they are waiting “years and years to adapt and evolve our content strategy so that we can have a streaming service. first class”.

See also:

Inside Luxe Listings Sydney: Amazon Prime Video’s Latest Australian Original

Gavin Rubinstein de Luxe Listings: “Sydney has never been portrayed like this”

Luxury Listings Sydney investment by Amazon Prime Video brings Kentel into the big leagues



This Popular Garden Hose Nozzle From Amazon Is on Sale for $ 16

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This Popular Garden Hose Nozzle From Amazon Is on Sale for $ 16


Each product we feature has been independently selected and reviewed by our editorial team. If you make a purchase using the links included, we may earn commission.

Whether your yard requires a high-pressure jet, a gentle mist, or anything in between, the Innav8 hose nozzle has you covered thanks to its 10 spraying patterns. Ideal for long periods of watering, the nozzle features a no-squeeze design and a rubber-coated handle. In other words, you won’t have to worry about your thumb getting sore or tired because you don’t have to continuously hold down a handle.

Tea best-selling garden hose nozzle has racked up 6,000 five-star reviews on Amazon. Not only do customers love that there are plenty of watering patterns to choose from, but they also appreciate its ergonomic design. “My mother (a pro garden designer in her seventies) mentioned how much she loved this, and I got to use hers and was equally impressed!” one customer wrote. “The thumb-activated valve is fantastic and way easier to control and use for long periods than the traditional squeeze-handle type nozzle.”

Customers also rave that the nozzle is well-built and comes with a gasket (and an extra one) for precise fitting. “I love this nozzle,” another reviewer wrote. “It is sturdy, fits tightly on the hose, and smoothly moves from one selection to the next.” But if anything happens to the nozzle, you won’t have to worry. According to the product listing, it has a one-year warranty.

Normally, the garden hose nozzle retails for $ 25, but right now you can get it for $ 16. Don’t miss out on this deal and keep your garden flourishing during the hot days ahead with the garden hose nozzle.


Employees love these 2 financial facts. Should you like the stock?

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One of the most important factors when looking for stocks to hold forever is culture. Companies with a terrible culture have a potentially unsustainable business model. Companies with a thriving culture have employees who are happy to come to work and get on with their jobs.

In The Motley Fool Investment Guide, Motley Fool CEO Tom Gardner provides some of the tools he uses to assess a company’s culture. Foremost among them are FortuneGlassdoor.com’s annual “Best Companies to Work for” and “Best Workplaces” lists. Let’s take a look at the only two financial services companies to be on both lists – American Express (NYSE: AXP) and Capital One Financial (NYSE: COF) – to decide if companies are a good buy now for long-term investors.

Source: Getty Images

Capital One Financial

Capital One is ranked 9e on the Fortune list and 88e on the Glassdoor list. The pandemic strained all kinds of businesses over the past year, but having a strong culture that could react nimbly to changing circumstances helped keep businesses operating when problems arose. According to Fortune, “Capital One, like other banks, has implemented security measures, but the company also temporarily increased hourly wages, raising wages by $ 10 an hour for branch and Capital employees. One Café and adding $ 5 an hour for call center agents ”during the pandemic.

On Glassdoor, the bank earned an average of 4.2 stars out of more than 10,000 reviews. Capital One CEO Richard Fairbank also ranked on Glassdoor’s Best CEOs list, coming in at 38e with a 95% approval rating. Fairbank owns more than $ 500 million in Capital One stock, showing that it is personally invested in the success of the company and aligned with the interests of shareholders.

The bank has gained 15 places on the Fortune list compared to last year, and the employees certainly seem to approve of the culture and the management team. But how did he behave financially?

Capital One is known for its credit card business, which accounted for $ 17.6 billion of the company’s $ 28.5 billion in gross revenue in 2020. Slowing consumer spending and uncertainty over losses Loan potentials hit the business hard in the first half of 2020, with total provisions for loan losses increasing by $ 6.6 billion during that time period. The company recorded losses in the first two quarters and reduced the dividend from $ 0.40 to $ 0.10 per quarter after the Federal Reserve limited dividend payouts.

The summer stimulus helped boost credit card business in the second half of the year, and ultimately revenue for 2020 was only down 5% from 2019. Profits before allowance for the entire year were actually up 3% from 2019, and Capital One released $ 593 million from its loan loss account.

Fast forward to 2021, the stock has risen nearly 60% year-to-date, the dividend has fallen to $ 0.40, and the company has repurchased $ 490 million (out of $ 7.5 billion). authorized dollars) of shares. Meanwhile, its price-to-earnings ratio is just over 15 and its price-to-pound ratio is 1.13, both just around the industry average and a bargain price for a quality company. with a thriving culture.

American Express

American Express arrived at 10e on the Fortune list and 67e on the Glassdoor list (if those Glassdoor rankings seem low, remember that Glassdoor’s database contains thousands of companies). Fortune wrote that the company “has pledged not to lay off any employees due to the pandemic in 2020 – a pledge the company proudly says it has kept. AmEx has provided workers affected by COVID-19 with financial security at a uncertain moment; he guaranteed full wages to those who could not work.

American Express has an average Glassdoor rating of 4.3 stars out of 11,000 reviews. CEO Stephen Squeri has a 95% approval rating. He took the job just over three years ago, but has been part of the company’s management team as vice president or group president since 2005.. Before the pandemic, AmEx was advancing in terms of returns with Squeri at the helm, and he was in the top 25 of Fortune’s list every year of his tenure, spending the last two years in the top 10.

American Express’s business suffered the same kind of blow as Capital One’s during the first half of 2020. At the end of the second quarter, worldwide billed business was down 33% from 2019 and the company had increased its loan loss reserves by $ 2.3 billion. However, AmEx’s woes were not resolved by a good summer. Total income for the year, net of interest charges, fell 19% from 2020, and net income of $ 3.14 billion plunged a further 54%.

American Express has enjoyed greater annual success than other credit card providers as it caters to a wealthier clientele focused on travel and entertainment. The most popular partners for AmEx cards are airlines and hotels. Additionally, American Express provides financing to card users from its own balance sheet, rather than passing that risk on to partner banks, so it had to write down more than $ 4 billion in 2020 in provisions for credit losses.

Despite the poor net income performance, American Express almost regained its pre-COVID action peak in 2020. It has since hit new highs amid $ 1 billion in reserve releases and an 11% increase expenses of card members for things other than travel or entertainment. In the first quarter, management expects 2021 EPS to meet the targets initially set for 2020 and growth to take off from there.

The company is now trading at a healthy forward P / E of 24.57 and a price to book ratio of 5.20. It’s not the same kind of value stocks as Capital One, but investors should expect a more stable long-term recovery from the company.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


How to spot a fake vape cartridge

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If something sounds too good to be true, it probably is.

Free preview of the book
Cannabis capital

Learn how to finance your business in the cannabis economy!

July 6, 2021

4 minutes to read

This story originally appeared on Green Market Report

AT Green Market Report, we like to focus on finance and analysis in the cannabis industry. In this article, however, we are going to focus a bit on fake vape cartridges.

Fake vape cartridges are a serious problem. They are often designed to emulate well-known brands and can reduce consumer confidence in the industry. Worse yet, they can make you very sick and even kill you if you don’t know how to spot them.

Unfortunately, the packaging of these vape cartridges can be incredibly professional. In this article, we’ll give you some tips for spotting counterfeits.

But first, a tip:

Buy only from legal suppliers and trusted brands

The easiest way to avoid fake vape cartridges is to buy only from trusted sources. You can get lab test results from legal sellers, as cannabis producers must provide them. In these test results, you can see exactly how much THC – and other chemicals – is in the cartridge you buy.

Getting your products from trusted producers such as PAX Labs, makers of Era Pro, Era Life, PAX 2 and 3 will significantly reduce your risk of ending up with a fake vape cartridge.

Of course, this advice only applies when you buy your cartridges online or if you live in a state where cannabis is still a black market product. In light of this, here are some tips for spotting counterfeit products.

RELATED: 5 Laws Every Vape Business Owner Should Know

Know your brands

Websites like Leafly are incredibly good at listing reliable brands and reviews for those brands. Before buying or spraying a cartridge, search for the brand and name on Leafly or a similar resource site. There are so many different vaporizer cartridges cataloged on these sites that if yours is legit, you are almost sure to find it.

Once you find the product in question, take a look at the reviews. You should also visit the website of the brand you purchased. Then compare the packaging you find with the packaging of your vape cartridge.

This is not a foolproof method – some of the infamous actors who create these fake cartridges go out of their way to make their packaging look real. Some of them create very high quality websites. But doing your research can seriously help lower your risk.

Check regulatory compliance

This technique isn’t flawless, but it can help when you can’t tell if the cartridge is legit or not.

Check the regulatory requirements for packaging vape cartridges in your area. In California, for example, you must have:

  • Manufacturer’s name and contact details
  • Date of manufacture / packaging
  • Government warning for cannabis products
  • UID number
  • Lot or batch number
  • Instructions for use and any necessary preparation
  • List of all ingredients
  • Allergens
  • Artificial food colors
  • Expiration, expiration or expiration date

Check state laws or federal laws (in Canada) to see what information is required on the packaging, then check your packaging to see if it complies with those regulations. A weed store in Winnipeg will have different packaging requirements for its products than a weed store in Denver.

RELATED: Is Your Vape Broken? Here’s how to find out

Beware of too good deals

See a cartridge that promises 99.9% THC for $ 10?

Be very suspicious.

Check online or with your local authorized supplier to see how many cartridges are used, what ingredients they contain, and how much THC is in the cartridge. Compare these values ​​to the values ​​for the cartridge you bought – if things are drastically different, you probably have a fake cartridge.

RELATED: I Smoked a Black Market Vape. That’s why I will never do it again

Trust your instincts

If something sounds too good to be true, it probably is. You might not be able to tell by taste, smell, or sight. You might just feel like something is wrong.

Its good. Trust that instinct. It is better to waste a few dollars throwing a real vape cartridge than to bet on a fake and lose.

We hope this brief article will help you avoid fake vaping. Stay safe there!


China to review rules, strengthen oversight of overseas listings

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China said it would tighten rules for companies looking to sell shares overseas and tighten oversight of overseas listed companies, measures that could hamper attempts by local firms to raise funds in the states. United

The change comes as Chinese regulators are stepping up scrutiny of tech companies, including recently-listed US-listed rideshare company Didi Global Inc.

The government said in new guidelines released Tuesday by the state-run Xinhua News Agency that regulators should deepen cross-border cooperation on audit oversight and amend laws and regulations “on data security, data flow. cross-border and other confidential information “.

The guidelines were drafted against the backdrop of “profound changes in the economic and financial environment”, amid what authorities described as growing anarchy in the capital market that has made regulatory oversight more difficult, a he declared.

In recent days, a unit of the Chinese cybersecurity regulator said it has launched reviews of data security in popular mobile apps operated by Didi, Full Truck Alliance Co. and Kanzhun Ltd. .


New York Stock Exchange closed for Independence Day

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New York stock markets will close on Monday as Independence Day is celebrated in the United States last Sunday. July 4, 1776 was a national holiday during which the United States adopted the Declaration of Independence. Business on Wall Street will resume on Tuesday.

The New York indices rose again this weekend on Friday after a better than expected employment report from the US government. In addition to inflation, employment growth plays a key role in the umbrella system of US Federal Reserve interest rate policy. The main Dow Jones industrial average ended the day with a gain of 0.4% to 34,786.35 points. The broad S&P 500 rose 0.8 percentage points to 4,352.34 points, while the technical benchmark Nasdaq rose 0.8% to 14,639.33 points.

Next week, the focus will be on releasing the minutes of the last central bank policy meeting. In particular, investors will be looking for signs of reducing support measures, while weighing comments on interest rate measures.

You can follow these topics

Share the market today LIVE | Sensex, Nifty, ESB, NSE, Stock Prices, Stock Market News Updates July 5th

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Global signals were positive Monday morning. (Photo: REUTERS)

Share Market News Today | Sensex, Nifty, LIVE stock price: National benchmarks ended on gains on Friday, ending their four-day losing streak. Over the past week, the S&P BSE Sensex slipped 0.85% to close at 52,484 while the NSE Nifty 50 fell 0.87% and ended the week at 15,722. Monday morning SGX Nifty was up over 80 points in the early hours of trading, suggesting an early spread for domestic stock markets. Global indices were also positive after the Wall Street indices zoomed in on Friday and most Asian stock markets except the Nikkei 225 and TOPIX reflected the rise.

India Pesticides shares will debut today. The agrochemical company’s initial public offering was subscribed 29 times last month, with retail investors bidding on the issue 11.3 times, while NII and QIB subscribed 51 and 42 times, respectively. . Additionally, this week, investors will also keep an eye out for two new Initial Public Offerings (IPOs). GR Infraprojects and Clean Sciences and Technology will enter the primary market to raise a total of Rs 2.509 crore. Both IPOs are purely Offer For Sale (OFS) by the existing shareholders of the companies and no new issue of shares is involved.

Read more


IATF relaxes interzonal travel rules for fully vaccinated people

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MANILA, Philippines – The Interagency Working Group for the Management of Emerging Infectious Diseases (IATF) has relaxed the rules for inter-zonal travel of fully vaccinated people, including the elderly.

Presidential spokesman Harry Roque has said that under IATF Resolution 124-B, inter-area travelers fully vaccinated against COVID-19 are now only required to show proof of full COVID vaccination. 19 instead of COVID-19 test results.

According to IATF resolution 124-B, an individual is not considered to be fully vaccinated until two weeks after receiving the second dose of the vaccine and if the vaccine administered is one of the vaccines that have been approved for use. Emergency or Special Compassionate Permit (PSC) by the Philippine Food and Drug Administration or is listed on the World Health Organization’s emergency use list.

The new rules on inter-zonal travel also apply to fully vaccinated elderly people.

Interzonal travel refers to movement between provinces, highly urbanized cities, and independent cities under different community quarantine classifications.

According to the IATF, the presentation of a national COVID-19 vaccination card signed by a legitimate vaccination establishment, or an end of quarantine certificate indicating the holder’s vaccination status issued by the Quarantine Office is a sufficient alternative to any testing requirements (before travel or upon arrival) that the destination local government may require.

However, all travelers must still undergo health and exposure screening protocols upon arrival at their destination.

Meanwhile, intra-zonal travel (or the movement of people, goods, and services between localities under the same community quarantine classification) will continue to be permitted for fully vaccinated seniors in areas under general community quarantine (GCQ). ) and modified GCQ.

RELATED STORY:

Shorter quarantine OK for fully vaccinated close contacts of COVID cases

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In Zerodha’s Race to Be the Vanguard of the Indian Stock Market

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India’s $ 442 billion asset management industry must finally reckon with the passive investing juggernaut.

After decades of sluggish growth, the number of accounts invested in index or exchange-traded funds more than doubled to 5.6 million in April. Passive products now represent nearly a quarter of equity assets under management compared to around 16% two years ago, according to data from the Association of Mutual Funds in India. This compares to over 50% in the United States

The foundations for the boom were laid by a series of regulatory changes preventing active fund managers from playing in the rankings. What supercharged him was the Covid-19 pandemic which, like elsewhere, has fueled a surge in retail investment that has seen millions of new young traders stack up in Indian stocks through online apps. . Their interest is now pouring into ETFs, creating an opening for a promising asset manager to become India’s own Vanguard.

Zerodha Broking Ltd., a Robinhood-type trader who has become India’s largest brokerage, is awaiting regulatory approval for an asset management company that will focus solely on passive investing.

The aim is “to offer a product that is easy to understand for new investors,” said Nithin Kamath, CEO of Zerodha. “Like how Vanguard’s retirement fund in the United States made investing easier. “

ALSO READ: “I don’t want to fly in a private jet, I own a yacht”: Nithin Kamath, CEO of Zerodha

Vanguard, based in Malvern, Pa., Is best known for the passively managed index funds started by founder John Bogle. He has no plans to enter the Indian market at this time, a spokesperson said.

Passive focus

With strong national players, India has always been a difficult market for large global asset managers, and some of them have left the local industry after racking up losses. Fidelity International and Goldman Sachs Group Inc. have sold the Indian units of their fund management business over the past decade.

“In India, while people have launched passive investment products, the focus has not been passive as most of the income is generated by active funds,” Kamath said. “We believe there is an opportunity for an exclusively passive asset management company in the country.”


Angel Broking Ltd., which also operates a low-cost equity trading platform, also plans to enter the asset management industry by creating a mutual fund focused on passive investment products. technology-based.

Aspirants hope to scale up the ETF market quickly in the same way their inexpensive and often free services – along with accessible online platforms – have helped them shake up the stock exchange industry in India.

Like elsewhere in the world, one of the main drivers of the passive fund rush is cost. The fees for index funds in India are typically around 0.1-0.2%, while for actively managed funds, they can be 1-1.5% of assets.

20 years of waiting

“These are very exciting times, something that I have been waiting for almost 20 years,” said Vishal Jain, head of ETFs at Nippon Life India Asset Management Ltd., who was investment director of the first passive investment fund. of India in 2001. As of March 2020, it had 1 million clients invested in ETFs. Now it’s 2.3 million. “What took 19 years between 2001 and 2020, we did in the last year.”

The rapid development of ETF investments is also due to regulatory reforms.

In 2017, the Securities and Exchange Board of India acted to prevent fund managers from loading large cap funds with small to mid cap stocks in an attempt to outperform their benchmarks. The following year, authorities demanded that performance be disclosed relative to the total return index of the corresponding benchmark, as opposed to the price index which did not include dividends.

READ ALSO: Indian hedge funds beat their Asian and emerging peers; deliver 6.6% returns in May

Together, these reforms have made the underperformance of active funds suddenly much more visible to ordinary investors. The S&P BSE 100 Index, an indicator of large Indian companies, beat 100% of actively managed large-cap mutual funds in the second half of 2020, according to data from the S&P Dow Jones indices.

“It has now reached a tipping point,” said Anish Teli, managing partner of QED Capital Advisors LLP in Mumbai, an investment firm for high net worth individuals that offers active and passive options. “The regulator’s actions have been a catalyst in bringing out the benefits of passive investing more clearly.”

(With help from Sam Potter.)

Pestalotiopsis: a lurking threat

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Fungal infection can make rubber trees unable to produce much latex, posing damaging risks to smallholders, manufacturers

Emyza says that with less latex production from each tree, the ripple effect would decrease a plantation’s ability to produce raw rubber, which could impact manufacturers of rubber products. – Photo by Bernama

The rubber tree, Hevea brasiliensis, is now considered a highly prized plant at a time when the world is still fighting Covid-19.

The latex that drains from the tree has always been a key export commodity for the country, but in this time of pandemic it is an important resource for the manufacture of protective gloves and personal protective equipment. (EAR).

In 2020, Malaysia produced around 515,000 metric tonnes of natural rubber, making the country the fifth largest producer of this product in the world.

Amid the pandemic, demand for protective gloves and other PPE has increased, with Malaysia currently accounting for 60% of the total global market supply. – Photo by Bernama

Amid the Covid-19 pandemic, demand for protective gloves and other PPE has increased and Malaysia currently accounts for 60% of the total global market supply.

A worker inspects rubber gloves in a section of the assembly line at a Top Glove manufacturing plant in Meru, Klang. Malaysian company Top Glove Corporation Bhd has become the world’s largest producer of rubber products. – Photo by Bernama

This, in turn, bodes well for the country’s economy as it spawned Top Glove Corporation Bhd, which has since grown into the world’s largest producer of rubber products.

Amidst this positive outlook, however, lies a threat that can easily disrupt the production of natural rubber.

The outbreak of Pestalotiopsis The disease (of fungal origin) in Kampung Panchajaya in Johor on November 27, 2017, marked the onset of the infection that struck around 10,000 rubber plantations across the country, including Sarawak.

This series of photos shows the stages of Pestalotiopsis infection in a rubber tree, where the degree of severity can be assessed – from a normal tree on the left to its deteriorating condition on the right.

“This disease would attack the leaves, rendering the rubber tree incapable of producing much latex,” said Emyza Aisah Atang, agriculture manager at the Rubber Industry Smallholders Development Authority (Risda). Sunday post in Kuching.

According to her, with less latex production from each tree, the ripple effect would decrease a plantation’s ability to produce raw rubber, which could impact manufacturers of rubber products.

Lurking scourge

Rubber tree leaves infected with Pestalotiopsis.

Pestalotiopsis is common in tropical climates like Sarawak, which has a high volume of precipitation and humidity.

Once a rubber tree becomes infected with this fungal disease, the leaves, stems and branches would be affected and they would exhibit spots – a trait that could be seen with the naked eye.

The photo shows an infected rubber tree on a plantation in Serian.

“About 90 to 100 percent of a mature rubber tree’s leaves would wither, and the tree itself would lose around 40 to 60 percent of its rubber sap when infected,” Emyza said.

The results, she said, would be felt strongly by the small rubber farmers who would lose a significant amount of income.

She added that the decrease in the number of rubber seeds would also have a negative impact on the industry as it would hamper the expansion of rubber plantations.

Rubber seeds that have been infected with fungi.

“The plans to open new rubber plantations would also be affected by the unavailability of rubber seeds,” she stressed.

These rubber seeds fell off prematurely – not at all due to the fungal infection.

Regarding the fungal disease pathogen, Emyza said it could be spread by air or wind, making it more likely to spread and multiply in damp and humid regions like Sarawak.

She also revealed that the tree most likely to be infected with the disease would be the rubber tree which had been planted using cloned seeds.

“Since the pathogen does not have a specific host, the fungus would easily cling to grass, oil palm leaves and palm leaves, which are common plants near rubber plantations. “

Reduction measures

A plantation worker sprays rubber trees with mixed chemicals to reduce the risk of fungi attacking them.

However, all is not lost as various measures are being taken by Risda, in collaboration with the Malaysian Rubber Board (LGM) and the Sarawak Ministry of Agriculture to deal with this situation.

“Prevention is always better than cure,” Emyza pointed out, listing good agronomic practices (GAP) as one of the prevention techniques that should be practiced during the whole process of growing and cultivating rubber trees.

Measures such as keeping the plantation clean, applying fertilizer on time, and weeding have been crucial in stopping the spread of the fungal disease.

Emyza added that small rubber producers must also ensure that all sources of pathogens are destroyed to periodically avoid any potential infection.

“The weeds that surround rubber trees have enormous potential to host the disease.

“Those too must be cleaned periodically,” she recalled.

Measures such as keeping the plantation clean, applying fertilizer on time and weeding are crucial in stopping the spread of, explains Emyza. – Photo by Bernama

Another method, according to Emyza, is the use of chemical control which has proven to be an effective way to combat this disease.

“One of the means of chemical control is spraying the leaves of rubber trees, whether they are infected or not.”

This, Emyza said, would significantly reduce the risk of the fungal disease attacking trees.

Nonetheless, she called on all small rubber producers to seek advice from relevant agencies such as Risda and LGM on how to prevent any disease from attacking their plantations.








Why Trupanion shares soared 28% in June

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What happened

Trupanion (NASDAQ: TRUP) The stock rose 27.7% last month, according to data from S&P Global Market Intelligence. This pop was probably due to the fact that some investors saw the stock as an attractive buy after the sell that started earlier in the year.

For the context, the S&P 500 reported 2.3% in June.

Despite a pullback since February, shares of the cat and dog medical insurance plan provider (which held its initial public offering in 2014) have gained 169% over the one-year period until 2 July. The larger market returned 41.2% during this period. .

Image source: Getty Images.

So what

Trupanion issued several press releases last month, but individually none of them seemed to be a noticeable catalyst for the stock’s 28% rise in June, as that gain was gradual. There was also no stock upgrade on Wall Street last month.

We can probably attribute the stock’s June pop to some investors who picked up stocks believing that the stock’s recent sell-off was overstated. From their all-time high, set in early February, stocks have plunged around 42% until they stabilized in early April.

Trupanion has experienced rapid revenue growth. First-quarter revenue jumped 39% year-over-year to $ 154.7 million, thanks to a 27% increase in subscription business to $ 113.3 million .

The business is not profitable, however, although this is not uncommon for companies that have not been public for a long time and invest heavily in growth initiatives. In the first quarter, it recorded a net loss of $ 12.4 million, or $ 0.31 per share, down from a net loss of $ 1.1 million, or $ 0.03 per share, during the period of the previous year.

Now what

Although Trupanion has yet to announce a date for the release of its second quarter results, it is expected to do so in early August.

For the second quarter, Wall Street expects the company’s revenue to grow 40% year-over-year to $ 164.9 million. Ultimately, analysts are forecasting a loss of $ 0.12 per share, compared to earnings per share of $ 0.04 during the period last year.

Trupanion Stock is worth putting on your watch list. The company is a leader in a market with strong growth potential. There are approximately 180 million pet dogs and cats in North America, according to the company’s June 2021 investor presentation. Only about 1% of US pets and 2% of Canadian pets are covered by pet insurance, compared to a much higher percentage in other similar foreign markets, such as the UK, where this percentage is about 25%, by Trupanion.

Additionally, the total number of pets in North America has increased at a faster rate than usual recently, due to the COVID-19 pandemic.

To learn more about Trupanion, you can read why my colleague Sean Williams thinks it’s one of the five growth stocks that have the potential to bring in at least 500% this decade.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


5 things to know before the market opens on Friday July 2

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Here are the most important news, trends and analysis investors need to start their trading day:

1. Stock futures stagnate ahead of June jobs report

Traders work on the floor of the New York Stock Exchange on November 4. 2020.

NYSE

U.S. equity futures were flat Friday morning ahead of the release of the June key jobs report, which is set for 8:30 a.m. ET. All major Street indices ended in the green on Thursday, as Wall Street kicked off the second half of 2021 on a positive note after a strong first half. The S&P 500 rose 0.5% to 4,319.94, setting its sixth consecutive record. The Dow Jones Industrial Average added 131 points, ending the session at 34,633.53. The 30-stock Dow Jones has risen three times over the past four sessions and is at its highest level since June 4. The tech-rich Nasdaq rose 0.13% on Thursday to 4,522.38. The major averages are all positive for the week and on track for their second consecutive weekly gain.

2. Economists expect 706,000 jobs to have been created in June.

A company announces a request for help on April 9, 2021 in Pawtucket, Rhode Island.

Spencer Platt | Getty Images

All eyes are on the June jobs report, as investors seek further information on the recovery of the US labor market after the wreckage induced by the coronavirus pandemic continues; so far it is improving more slowly than expected. According to Dow Jones, economists predict that 706,000 non-farm jobs were created in June and expect the unemployment rate to drop from 5.8% to 5.6%. Average hourly earnings are expected to have increased 0.3% in June from May and 3.6% year-on-year. The Labor Department’s employment reports for April and May fell short of Wall Street’s expectations.

3. Robinhood files eagerly awaited IPO filing

Pavlo Gonchar | LightRocket | Getty Images

In its highly anticipated IPO filing Thursday, Robinhood Markets revealed it has 18 million retail clients and more than $ 80 billion in client assets. The pioneer of free stock trading said it was profitable in 2020, posting net income of $ 7.45 million on net sales of $ 959 million, with its number of funded accounts having more than that doubled that year. In 2019, Robinhood lost $ 107 million out of $ 278 million in net income.

Robinhood ended the first three months of this year with a loss of $ 1.4 billion, which is linked to the emergency fundraising she did at the height of the GameStop frenzy fueled by Reddit in January. Revenue for the quarter jumped 309% to $ 522 million, from $ 128 million in the first quarter of 2020. About 38% of Robinhood’s revenue comes from options trading accounts. Stocks represent 25% of revenue, while crypto accounts for 17%.

The company, founded in 2013, is looking to raise $ 100 million when it goes public. It intends to be listed on the Nasdaq and trade under the symbol “HOOD”.

4. Virgin Galactic plans to launch Richard Branson into space on July 11

Sir Richard Branson stands on the floors of the New York Stock Exchange (NYSE) prior to trading in Virgin Galactic (SPCE) in New York, the United States, October 28, 2019.

Richard Branson Virgin Galactic IPO NYSE

Space tourism company Virgin Galactic has scheduled its next test space flight for July 11 and company founder Sir Richard Branson intends to be on board. The timing is particularly noteworthy, as the English billionaire aims to beat Jeff Bezos in space. The founder of Amazon and the richest person in the world is set to launch on July 20 with his own company, Blue Origin. Shares of Virgin Galactic climbed about 30% in pre-market trading to around $ 56 a piece. The planned launch will be Virgin Galactic’s fourth test space flight to date. Branson launched Virgin Galactic in 2004, and the company started listing on the New York Stock Exchange in October 2019.

5. Toyota outperforms GM in the US for the first time in a quarter

A Toyota Tundra pickup truck is seen at a car dealership in San Jose, California.

Yichuan Cao | NurPhoto | Getty Images

Toyota Motor sold more vehicles in the United States than General Motors in the second quarter, marking the first time the Japanese automaker has done so in the three-month reference period. On Thursday, Toyota said it sold 688,813 vehicles in America from April to June, just ahead of GM’s 688,236 vehicles. Toyota’s results have exceeded analysts’ expectations; GMs failed. Toyota could become the best-selling automaker in the United States, depending on where Ford’s results come into play. GM’s downtown rival reports the figure Friday morning and analysts forecast US sales of 645,000 vehicles in the second quarter. The last time GM wasn’t the best-selling automaker in the United States for a quarter was in the third quarter of 1998, when Ford sold them, according to Edmunds.

The auto industry has faced a semiconductor shortage, disrupting production schedules at a time when consumer demand for new vehicles is high. Toyota and other Japanese automakers have so far handled the chip crisis better than their US rivals.

– Follow all market actions like a pro on CNBC Pro. Get the latest pandemic news with CNBC’s coronavirus coverage.


Newly Listed Alpha Dhabi Abu Dhabi Ensures Substantial Presence of Its Many Parts

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A few days after its listing, Alpha Dhabi enlarged the charts and relaxed its large market capitalization.
Image Credit: Gulf News

The UAE’s benchmarks gave a mixed performance, with DFM down 1.42% and ADX gaining an impressive 4.92% for the week ending July 1. Co. (17.90%), Reem Investments (16%), Gulf Medical Projects (14.93%), Al Buhaira National Insurance (14.74%), Union Insurance (13.33%) and BH Mubasher (10 , 41%).

The stellar gains for IHC have propelled the ADX higher. IHC itself was propelled by the listing of Alpha Dhabi Holding. The latter operates in the five main verticals of industry, health, capital, construction and hospitality, and closed the week with a market capitalization of 174.60 billion Dh. It is already the fourth largest listed company in terms of market capitalization, and helps ADX’s overall market capitalization to well exceed 1,000 billion dirhams.

For 2020, Alpha Dhabi achieved a turnover of 3.8 billion Dh, an EBITDA of 348 million Dh and a net profit of 218 million Dh.

Another remarkable artist

The National Marine Dredging Company (NMDC), resulting from a merger between NMDC and NPCC, is a critical company in the Alpha Dhabi industrial vertical. A semi-governmental entity, the NMDC increased its revenues from Dh 1.42 billion in 2018 to Dh 3.78 billion last year. Profits more than tripled to reach 352 million dirhams.

NMDC provides dredging, reclamation and marine construction projects to clients in the energy, environment, marine, tourism and urban development sectors. By its very nature, the company is strategic for the UAE due to the country’s extensive coastline and plan for major coastal cities and to maintain its existing oil drilling facilities.

The healthcare vertical of Alpha Dhabi Holding has Response Plus Medical Services (RPM), which operates in the United Arab Emirates, Saudi Arabia and Oman. The company provides on-site healthcare management, occupational health solutions and emergency transfers from remote locations. He saw his income go from Dh 137 million in 2018 to Dh 242 million in 2020.

In addition, Mawarid Holding, a vertical industrial subsidiary, works in the sectors of forest management, landscaping, research and development, feed production, finance and tourism. The company has more than 11,330 employees and revenues reached 1.26 billion dirhams against 1.03 billion dirhams in 2017.

Construction heavyweight

Trojan Holding, recognized as one of Abu Dhabi’s largest construction groups, belongs to the construction vertical. Trojan has completed over 150 projects and 194 are still under construction. Alpha Dhabi Hospitality Holding, its tourism vertical, via Murban Abu Dhabi, owns renowned assets such as Cheval Blanc Randheli (Maldives), Banyan Tree Intendance (Seychelles) and a resort on Saadiyat Island in Abu Dhabi.

As a holding company, Alpha Dhabi owns 65 percent of NMDC, 40 percent of Response Plus Medical, 70 percent of Mawarid Holding, 100 percent of Trojan General Contracting and 100 percent of Murban Abu Dhabi. Through its different verticals, Alpha Dhabi is trying to diversify Abu Dhabi’s economy and is a great game in the long run.


How to get a free cash advance without a credit check

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7 free and low cost cash advance apps

1. Boro

Characteristics

You can access a loan of up to $2,000 at an interest rate that depends on your credit score. Repayment must be complete within 12 months. You don’t need to have direct deposit set up or a job. But you will be responsible for the monthly payments.

Cost

Membership is free. Interest rates are based on your creditworthiness. If you repay your loan within one month, it is interest free.

Who can use it

Boro is for students. You must be at least 18 years old and enrolled in a US college or university. Recent graduates may also qualify. Boro loans (called BoroCash) are only available in about half of the country. You will need to check the website to see if loans are available in your state.

Other features to know

Paying off your loan will help you build your credit. Payments are automatically deducted from your linked checking account.

2. Bridget

Characteristics

Get a free cash advance up to $250. No credit check is required. The first time you take a cash advance, it will automatically be deducted from your next paycheque, or you can request an extension of the due date once. As you use the app, you will be eligible for more payment due date extensions (up to three).

Cost

Brigit is free but not instant. For a same-day cash advance, you need the premium subscription for $9.99 per month. With this option, Brigit automatically funds your checking account to avoid potential overdrafts and allows more time for loan repayment, among other benefits.

Who can use it

You must have an active bank account with recurring direct deposit to qualify for Brigit Instant Cash.

There is no minimum credit score requirement and using Brigit does not affect your credit. However, Brigit may limit or refuse services if:

  • Your bank account is new (opened within the last 60 days).
  • You have an overdraft history on your account.
  • You haven’t received at least three direct deposits from your primary source of income.

Other details to know

Brigit provides free financial health updates, as well as information on additional income opportunities.

3. Chime

Characteristics

If you have direct deposit, Chime releases your pay the same day your employer deposits it. Most banks hold funds for 1-3 days. It’s not quite an emergency loan, but it does speed up access to the money you’ve already earned.

Cost

Free. There are no monthly maintenance fees, no fees if you go over your account, and no fees to use the 38,000 ATMs in its network.

Who can use it

Anyone can apply for Chime membership. You will need to provide your social security number, cell phone number, and address. You may need to provide a copy of your ID. Chime says opening an account won’t affect your credit score. Some features, like free overdraft protection, require a minimum direct deposit amount each month.

Other details to know

  • Chime is an app that partners with an FDIC-insured bank to help you manage your money.
  • You’ll earn more with Chime’s high-yield savings than most banks.
  • Chime offers a secure credit card with credit generator with no credit check required. The card has no annual fees, no maintenance fees and does not charge interest (because the account is pre-funded by you like a prepaid debit card).
  • Automatic savings is streamlined at Chime. Like most banks, Chime lets you set aside a portion of each paycheck. Chime also lets you round up every debit card purchase and put that spare change into your savings account.
  • Overdraft protection is initially limited to $20, but increases to $200 for members with positive account history.

4.David

Characteristics

You can obtain a cash advance of up to $200 when Dave notifies you that you are at risk of overdraft. No credit check required. If you have direct deposit, Dave gives you the money as soon as your employer transfers it.

Cost

A Dave membership is $1 per month. There is no minimum balance requirement for a Dave checking account. Qualified members can pay an additional fee to get up to $100 cash over the regular limit. Tips are accepted, but optional.

Who can use it

Anyone can join Dave. You will need to provide credentials and connect your bank account. You may be asked for proof of address or a copy of your identity document.

Other details to know

Dave offers a free rent statement service to help you establish credit and information on how to earn more money. Additionally, you can access your account through 32,000 ATMs free of charge.

5. Win

Characteristics

Get cash advances of up to $100 per day and $500 per pay period. No credit check required. The repayment date is your next payday, unless you request a different due date at least two business days before that date.

Cost

Free but Earnin accepts tips up to $14 per $100 withdrawal transaction. Tips are optional, but Earnin says they support the app financially.

Who can use it

Anyone with a job, bank account and direct deposit. You will first need to set up your Earnin account by downloading the app, entering your information and connecting your bank account.

Other details to know

Earnin is an app that partners with an FDIC-insured bank to help you manage your money. Earnin offers other features in addition to the cash advance product, including a savings tool, financial information, and a low balance alert. If enabled, the low balance tool will automatically transfer a $100 cash advance to your bank account when your balance drops below this amount (to help you avoid overdrafts).

6. Empower

Characteristics

You can get an instant cash advance of up to $250 anytime during your pay cycle. No credit check is required.

Cost

Empower membership costs $8 per month after a 14-day free trial period. Instant cash advances require an Empower checking account; if you want the money transferred to an external bank account, you may have to pay a $3 fee and it will not arrive in your account the same day you request it.

Who can use it

To be eligible for the free cash advance, you must have an established account with Empower and a minimum of direct deposits. To register, Empower will need your address, phone number, and social security number. You may need to provide a copy of your ID and proof of your current address.

Other details to know

  • Empower is an app that partners with an FDIC-insured bank to help you manage your money.
  • You can take advantage of an automatic savings plan that sets aside small amounts of money each week.
  • You will have free access to 37,000 ATMs.
  • If you have a direct deposit, Empower usually gives you the money the same day your employer deposits it. In many other banks it takes 1-3 days.
  • You can earn up to 10% cash back on debit card purchases.
  • Set your own spending limit to help you manage your money.

7. Silver Lion

Characteristics

You can get a free cash advance up to $250. No credit check is required. If you transfer your direct deposits to a MoneyLion account (called RoarMoney) or take out a MoneyLion credit loan, you can potentially access $300.

Cost

Free, but cash advances take 12 hours to 5 business days, depending on the type of checking account you have linked. If you want the cash instantly, you will have to pay a fee of $3.99 to $4.99 for each cash advance.

Who can use it

You will need to have already linked your current account and verified your identity to qualify for the free cash advance. Your cash advance limit will depend on the amount and consistency of your direct deposits. Limits start at $25. Also, your current account must be established (at least two months old) and active (used regularly).

Other details to know

  • Credit Builder Plus is a low interest credit loan that helps you build 12 months of payment history so you can build credit and save money. The loan amount can be up to $1,000, but you won’t have access to all of these funds immediately. You will receive part of it, and the rest is held in a reserve account and released as you make payments. The program fee is $19.99 per month and interest is charged on the loan.
  • Members who open a RoarMoney checking account can earn money on debit card purchases. Cash back is automatically invested in a managed wallet account where you can access it or let it grow.

Need a current account? Check out The Ascent’s roundup of the best checking accounts and pick the one that’s right for you.

Emergency loans

If you need money right now and haven’t set up one of these apps yet, you may still have options. If you have a credit card, you may qualify for a credit card cash advance. Members of some credit unions can get a low-cost alternative payday loan (PAL). Homeowners and renters can even qualify for a Small Business Association (SBA) disaster loan under certain circumstances. See our article on emergency loans to learn more.

If what you want is an ever-earlier payday, here are a few apps besides Chime that help you get your direct deposit faster (but might not offer payday loans or cash advances). funds):

  • Axos Bank
  • Go2Bank
  • SoFi Silver
  • Varo (Varo also offers free cash advances of up to $20 to eligible members, and larger cash advances for a fee.)
  • Wealthfront cash account

UK snacks promise to boost City of London’s competitiveness

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File photo: UK Finance Minister Rishi Sunak speaks during a TV interview in London, England on November 22, 2020.Reuters / Simon Dawson / File Photos

June 30, 2021

London (Reuters) – UK set to build ‘most advanced’ financial sector in the world after Brexit significantly separated the city’s financial district from the European Union, its biggest export customer . The photos will be announced on Thursday.

Treasury Minister Rishi Sunak presented an “ambitious vision” for Britain’s largest tax collecting industry in his first mansion speech, and the Treasury has traditionally referred to as London’s “Square Mile” before the Thursday event. Announcement of an annual speech by the Minister of Finance. Financial center.

A detailed plan on how the city’s competitive advantage will be enhanced for the “next decade” will also be announced later Thursday.

Snacks will announce new, integrated sustainability disclosure requirements for companies to report on their environmental impact, the ministry said.

To date, sustainability disclosures examine how climate change affects a company’s financial performance.

The financial sector has been largely excluded from the UK’s trade deal with the EU, severing favorable ties with mainland investors and industry calling for a municipal government strategy.

Snacks has already started work on changing the rules to attract more investment funds, changing the capital rules of insurers and will announce proposals for reform in capital markets.

Listing rules have been relaxed to attract more tech companies to float, and fast-track visa programs are planned to support FinTechs.

On Wednesday, the government announced details of the sale of the UK’s first sovereign green bond or gold leaf, and the “world’s first green savings bond”.

(Report by Hugh Jones, edited by Mark Potter)

UK snacks promise to boost City of London’s competitiveness

Source link British snacks promise to boost City of London’s competitiveness


Daily Hong Kong Stock Exchange: HSI -0.57%, HSCEI -0.87%, HSTECH -0.56%

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June 30, 2021 (China Knowledge) – The Hang Seng Index closed at 28,827.95 on Wednesday, down 0.57%, the Hang Seng China Enterprises Index fell 0.87% to 10,663.39 and the Hang Seng TECH index fell 0.56% to 8,155.37.
Culture and recreation was the best performing sector today, posting the largest increase of 4.6%, followed by toys and shipping, gaining 4.58% and 4.46% respectively.
The aerospace and military industry, food additives and personal care fell the most, falling -4.07%, -2.96% and -2.83% respectively.
The Southbound HK Stock Connect reported total trading of HKD 13.4 billion and HKD 17.4 billion from the Shanghai and Shenzhen stock exchanges, respectively.
The HK Stock Connect is a stock trading platform that connects trading and clearing between mainland Chinese stock exchanges and the Hong Kong Stock Exchange (HKEx). These are exchanges to the north and to the south. Northbound refers to the buying and selling of mainland listed stocks on the Shanghai Stock Exchange or Shenzhen Stock Exchange in the HKEx. For Southbound, it is the buying and selling of Hong Kong stocks on the mainland exchanges.
Main indices
IHS: -0.57%
HSCEI: -0.87%
HSTECH: -0.56%
Main sectors
Culture & Leisure: + 4.6%
Toy: + 4.58%
Shipping: + 4.46%
Declines
Aerospace and military industry: -4.07%
Food additives: -2.96%
Personal Care: -2.83%

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Heavy storm leaves Hong Kong Stock Exchange without a morning session

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Beijing, June 28 (EFE) .- The black-colored maximum alert from the Hong Kong Weather Observatory due to a severe storm today forced the Hong Kong Stock Exchange to suspend its session activities morning, the market reported today in a statement posted on its website.

This is the first such alert in 2021 in Hong Kong, and if authorities maintain this level beyond local noon (04:00 GMT), the afternoon session will not continue either.

However, if the alert level is lowered before noon, the trading room will open for its afternoon session, Hong Kong newspaper The Standard reported.

The alert, issued at 08:20 local time (00:20 GMT), means that precipitation in excess of 70 millimeters of water has occurred or is expected to occur within an hour on average in the city.

The alert from the meteorological authorities warns of the flooding of roads, and possible flooding and overflows of channels which should occur in the coming hours.

The standard also said schools and coronavirus vaccination centers will also remain closed as long as the black alert level is maintained.

According to the source, a landslide was recorded on Lantau Island in Hong Kong following the storm.

(c) EFE Agency

Source of the article

Disclaimer: This article is generated from the feed and is not edited by our team.

BIS Certified POCO Wireless Neckband Surfaces

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POCO last year announced that it will soon unveil new products in the category of smartphone accessories. Of course, one of these products includes the audio segment. The company is working on a new product for the trendy true wireless stereo headphones called POCO Pop Buds. Last month, the POCO Pop Buds appeared on the Bluetooth SIG list, revealing that it was only a renowned Redmi AirDots 3 Pro. Now, the POCO wireless headphones have appeared on the BIS certification website, hinting at an imminent launch. The certification listing reveals that future POCO Neckband headphones will carry the model number LYXQEJ05WM. Apparently this product is another from POCO rebadges, in other words, a white label product.

The Bureau of Indian Standards has revealed that the upcoming POCO Wireless Neckband will carry the model number LYXQEJ05WM. The Mi Neckband Earphones Pro, launched earlier this year in the country, also carry the same model number. This further confirms our belief that this is another of the renowned POCO products. We are used to seeing this happen with products that are not available in India. However, it is quite curious to see POCO bring back a product already available under the Mi brand. The question is whether there will be another one.

The POCO Wireless Neck Strap is a renowned Mi Bluetooth neck strap

The Mi Bluetooth Neckband Pro earphones contain 10mm woofer speakers and support dual noise cancellation including ANC and ENC. Active noise cancellation on neckband earphones can reduce surrounding noise by up to 25dB. It also has a 125ms low latency audio mode. The Mi Bluetooth Neckband Pro is powered by a 150mAh Li-ion polymer battery that provides 20 hours of battery life on a single charge. It also has a micro-USB port for charging. In addition, there is an IPX5 rating which makes it splash and sweat resistant. It uses Bluetooth 5.0 for connectivity and weighs just 36 grams.

The Mi Bluetooth Neckband Pro retails in black and blue, and is priced at INR 1,799 nationwide. Now the question is, when will the company unveil this product? Well, we’ve got a pretty good idea of ​​when. POCO is preparing to launch a duo of new smartphones. These devices, also renamed existing Redmi smartphones, are the POCO X3 GT and POCO F3 GT. The latter was recently certified by BIS, which brings it a few inches from an exit. The device will launch in the third quarter of 2021, which begins as early as next month.


Apple shares list of devices that should be kept 6 inches from pacemakers, defibrillators

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– Publicity –

Apple, like other manufacturers, creates a wide range of products, including smartphones, computers, fitness trackers, and portable audio equipment. Much like other hardware, the company’s products can be risky when exposed to critical medical equipment such as pacemakers and defibrillators used by patients. This is because the components of these devices can cause magnetic interference that could disrupt the operation of medical equipment.

In order to protect its customers from potential interference from its devices, the company has updated its support document to list the devices that customers should keep away from their medical devices. The changes were spotted by MacRumors and contain a list of more than 25 devices made by the company, which could potentially affect medical devices.

“Under certain conditions, magnets and electromagnetic fields can interfere with medical devices. For example, pacemakers and implanted defibrillators may contain sensors that respond to magnets and radios when in close contact, ”Apple explained in a support document.

– Publicity –
NameCheap [CPS] WW

According to Apple, users who own these company-made devices should “avoid any potential interactions with these types of medical devices (such as pacemakers and defibrillators)” by keeping these products at a safe distance. This means more than 6 inches (or 15 cm) apart, or 12 inches (or 30 cm) if they charge wirelessly. For users who suspect their Apple product is interfering with their medical device, the tech giant has advised them to stop using the Apple product and consult with their doctor and the manufacturer of their medical device.

These Apple products contain magnets and should be kept a safe distance from the user’s medical device: this includes AirPods and Charging Case, AirPods and Wireless Charging Case, AirPods Pro and Wireless Charging Case, AirPods Max and Smart Case, Apple Watch, Apple Watch Bands with Magnets, Apple Watch Magnetic Charging Accessories, HomePod, HomePod mini, iPad, iPad mini, iPad Air, iPad Pro, iPad Smart Keyboard and Smart Keyboard Folio, Magic Keyboard for iPad, iPhone 12 models, Mac mini, Mac Pro, MacBook Air, MacBook Pro, iMac, Apple Pro Display XDR, Beats Flex, Beats X, PowerBeats Pro, UrBeats3.

The Cupertino-based company claims that some other Apple products (not included in the list above) contain magnets, but they are unlikely to interfere with medical devices. It also directs users to its user guides for Apple products, where safety information is provided in the Important Safety Information section. However, it’s probably best to consult your doctor as well, just to make sure that the function of your medical equipment is not hampered by your other devices.

– Publicity –
LG [CPS] IN

Read also:

– Publicity –
Wondershare WW


‘Big Bull’ sees big gains in Indian stock market

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According to billionaire investor Rakesh Jhunjhunwala, annual returns on Indian stocks will be around five percentage points in addition to economic growth of 7-10% in the coming years.
Known locally as Warren Buffett in India due to his penchant for investing in equities, Jhunjhunwala is counting on the country’s long-term growth potential and political stability to fuel further gains in the $ 3 billion stock market. dollars which has already reached record after record this year.
His bets range from banks and health insurance – which he says will be boosted by the pandemic – to a large gathering of consumers on the backs of Prime Minister Narendra Modi’s policies to give every Indian a home and access to drinking water.
“We are in the middle of a bullish phase that will last a very, very long time,” Jhunjhunwala said in an interview earlier this month. “India will also look lucrative when the US Federal Reserve begins to withdraw its stimulus measures, but there will be disruption in the near term.”
Longtime observers of Jhunjhunwala, also known as the “Big Bull” in India, would not be surprised by his predictions. Rich valuations and growing concern that the Fed may soon start cutting its stimulus measures have done nothing to shake investor confidence, which has in the past said its early stock picking strategy. of a growth cycle was inspired by American billionaire George Soros and Hong Kong investor Marc Faber.
Jhunjhunwala’s comments come as local stocks continued to climb despite a deadly wave of coronavirus that hurt the real economy, leading to job loss and consumption. India’s central bank warned in its annual report last month that the surge in local stocks “poses the risk of a bubble.” “The Reserve Bank and others were worried even when the Nifty was at 8,000 points,” Jhunjhunwala said in a video interview on June 3, referring to one of the country’s key indicators which is now heading towards a unprecedented level of 16,000 after almost doubling since late 2015.
Only two events would be significant enough to make him suspicious of India’s prospects, he said.
Political instability – which he says is unlikely for now given he expects Modi to stay in power at least until 2029 – and any antagonism from rival Pakistan of India, endowed with nuclear weapons.
The Nifty 50 Index has risen by more than 12% so far in 2021, outperforming the MSCI Asia Pacific Index by around nine percentage points. The Indian gauge is trading at more than 20 times its 12-month profit forecast, down from an average multiple of 18 over five years, according to data compiled by Bloomberg.
The Nifty rose 0.6% to 15,784 on Thursday, near an all-time high, while the S&P BSE Sensex climbed 0.7% to 52,658.4 points in Mumbai on Friday.
A record pace of gains, extreme scale (95% of stocks are above their 200-day moving average) and the penny stock craze could indicate a short-term pause in Indian stocks, but “we continue to be structurally positive for the long term. term, ”Bloomberg Intelligence strategists Gaurav Patankar and Nitin Chanduka wrote in a report earlier this week.
Jhunjhunwala, 60, developed a fascination with stocks as a child while watching his father, a retired tax commissioner, juggle market investments, he said in an interview with Bloomberg News in 2005. After graduating with honors from Sydenham College of Commerce and Economics in Mumbai, he borrowed $ 100 from a brother-in-law in 1985 and started buying stocks at the age of 25.
New money will only fuel further gains in key indices, Jhunjhunwala said, with a large photo of BSE Ltd., Asia’s oldest stock exchange, visible in the background. The Reserve Bank of India sees the region’s third-largest economy grow 9.5% in the year that began April 1.
A custom index of the billionaire investor’s top 20 holdings at the end of March has grown by around 85% over the past year, according to equity exchange data compiled by Bloomberg. That’s against a 50% jump in the Nifty 50 gauge during that time.
Jhunjhunwala has an estimated net worth of $ 4.6 billion, according to Forbes.
A resident of Mumbai, Jhunjhunwala also invests through his company Rare Enterprises Pvt which derives its title from the first two letters of his name and that of his wife, Rekha Jhunjhunwala. He declined to comment on the individual investments citing local regulations and Rare’s own policies.
One of his first successes was Crisil Ltd, which he bought for the first time in 2002 at Rs 150 apiece. S&P Global offered 775 rupees in 2005 to take over the Indian company. Crisil is now at around Rs 2,882, and Jhunjhunwala, along with his wife, held around 5.5% at the end of March, according to data compiled by Bloomberg.
Jhunjhunwala hasn’t always been a bull. He said he made 400 million rupees ($ 5.4 million) from short selling stocks during India’s first billion dollar financial scandal, which erupted during the heady days of economic liberalization at the start of the 1990s.
At the time, a broker, Harshad Mehta, transferred money borrowed from banks to shares on BSE, driving up stock prices. When the $ 2 billion fraud was discovered, it caused a stock market crash. The Securities and Exchange Board of India was created in the wake of the scandal, and millions of millennials have roared as retail investors ever since.
“I have complete confidence in the markets,” Jhunjhunwala said. “All my money is invested in stocks. I have not invested anywhere other than the stock markets.

BIS list reveals Poco could launch renowned Xiaomi choker

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In the current scenario, most people, if not all, depend on technology to perform their daily tasks. These include their schooling and office-related duties. With COVID, most offices have moved to working remotely, which means all the tedious meetings are now taking place at home via the web rather than physically.

In scenarios like this, a truly wireless headset or earpiece is essential, as you wouldn’t want your coworkers or boss to hear your family or your TV blowing up in a meeting, and brands that deal with such. products have realized the importance of offering more and more audio products to meet the needs of the consumer.

Poco is one of those brands that has remained silent in this category, despite being a sub-entity of Redmi / Xiaomi, which offers several audio products, the latest being the Mi Neckband Bluetooth Earphones Pro which launched in February in India, with the product will go on sale from March 1.

What do we know about the Poco neck warmer

This is not a surprise as Xiaomi is known to move away from the simple offering of smartphones, much like Redmi, but, as mentioned above, Poco has never done something like this, choosing not to offer only smartphones, at least so far.

Four months after the release of Xiaomi’s latest audio product, the Mi Neckband Bluetooth Earphones Pro have been spotted on BIS or the Bureau of Indian Standards sporting a Poco brand.

It comes after POCO announced plans to launch a pair of truly wireless headphones or a TWS offering dubbed the Poco Pop Buds. But this product has yet to hit the market and marks its debut, with the only information available being that it will be a rebranding of a Redmi earphone found in China.

Today, however, Twitter user @i_hsay noted that Poco may soon be launching a pair of neckband style headphones, the accessory having been listed with the model number LYXQEJ05WM which is the same as the Mi’s. Neckband Bluetooth Earphones Pro. These two products were curiously certified on the same day, March 1.

Note that while the Poco Neckband headphones are the same as the Mi Neckband Pro Bluetooth headphones, we can expect them to use 10mm drivers, offer ANC or Active Noise Cancellation, ENC, IPX5 certification for splash resistance, Bluetooth 5.0, 20 hours of battery life and MicroUSB based charging. In India, the Mi product is offered in two colors, black or blue, priced at Rs 1,799.


South African Rand Trading Stronger, Stock Market Sinks Amid Investor Uncertainty

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Uupdate prices, add inventory

JOHANNESBURG, June 25 (Reuters)The South African rand traded stronger on Friday as the dollar weakened amid uncertainty over which direction the US Federal Reserve would take on rate hikes.

A series of mixed signals from the Fed over the past two weeks have made the rand nervous as investors fear that rising inflation in the United States will force the Fed to restrict loose monetary policy in 2022 instead of 2023 as expected.

At 1520 GMT, the local currency ZAR = was trading at R14.108 against the dollar, 0.62% stronger from yesterday’s close.

By early June, the rand had hit a 28-month high, making it the best-performing emerging market currency in hopes that an accommodating Fed would keep dollars flowing into riskier markets.

It has since lost more than 5% as investors continue to brace for uncertainty. But they hope it is a transitional period.

“While the US Federal Reserve (Fed) stall and other central bank news may slow the devaluation of the US dollar, it seems to us that, for now, the weakening trend in the dollar is going to abate. continue, “said Nolan Wapenaar, co-director of investments at Anchor Capital.

About $ 100 currently in circulation in the United States. $ 25 was printed at some point in the past 18 months, Wapenaar said, which would keep pressure on the greenback constant, keeping silver flowing to emerging markets in the short term.

“We believe that the momentum of strengthening the local currency may persist a bit longer,” he said, adding that the brokerage’s long-term view was for the fair value of the rand to remain between 14. 5 and 15 rand. -range per dollar.

Johannesburg Stock Exchange (JSE) shares edged down on Friday, but overall performance was mixed as investors continued to reflect on the path of inflation and a possible Fed rate hike.

Inflation eats away at the future value of equity investments and higher interest rates increase the cost of capital for companies to finance their growth.

The benchmark all equities .JALSH closed 0.07% lower at 66,215 points while the top 40 largest companies index .JTOPI finished down 0.08% to 60,140 points.

In bonds, the yield of the benchmark instrument 2030 ZAR2030 = was up 0.1%.

(Reporting by Promit Mukherjee; Editing by Angus MacSwan and Jonathan Oatis)

(([email protected]; +27 64833 4448;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Nike, CarMax, Virgin Galactic and more

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Take a look at some of the biggest drivers in the premarket:

Nike (NKE) – Nike reported quarterly earnings of 93 cents per share, well above the consensus estimate of 51 cents per share. Revenues far exceeded expectations and exceeded $ 12 billion for the first time. Nike took advantage of pent-up demand for its shoes and clothing, and saw direct sales increase 73% through its apps and websites. Nike shares climbed 12.5% ​​in pre-market.

CarMax (KMX) – CarMax shares rose 5.9% in pre-market trading after the auto retailer reported better-than-expected sales and profits for its final quarter. CarMax topped the consensus estimate of $ 1 per share, with quarterly profit of $ 2.63, helped by a preference for cars over public transport induced by the pandemic.

Virgin Galactic (SPCE) – Shares of Virgin jumped 11.5% in pre-market after the Federal Aviation Administration cleared Virgin to fly paying customers into space. This is the first such approval granted by the FAA, and follows a successful test flight by Virgin Galactic in May.

FedEx (FDX) – FedEx broke estimates by 2 cents per share, with quarterly earnings of $ 5.01 per share. Delivery service revenue also exceeded expectations. However, CEO Fred Smith said operations were hampered by the inability to find enough workers and the company would increase capital spending by 22% this year to deal with delivery delays. The title slipped 3.9% in pre-market.

Tesla (TSLA) – Japanese electronics giant Panasonic sold its entire stake in Tesla for around $ 3.6 billion in the past fiscal year, according to a spokesperson for Panasonic. Panasonic was one of the early investors in Tesla and is a major supplier of batteries to the automaker.

Netflix (NFLX) – Netflix was up 1.3% pre-release following an upgrade to “outperform” versus “neutral” at Credit Suisse. The bank said it expects growth in subscriber numbers to normalize and its recent consumer survey has bolstered Netflix’s strong competitive position.

BlackBerry (BB) – BlackBerry shares rose 1.3% in pre-market trading after reporting a smaller-than-expected loss for its most recent quarter. The security and communications software maker also posted better-than-expected revenues as increased sales of electric vehicles boosted demand for BlackBerry’s QNX software.

JPMorgan Chase (JPM), Wells Fargo (WFC), Bank of America (BAC), Citigroup (C) – Big bank stocks are under scrutiny today after the Federal Reserve gave pass ratings to 23 banks that were subjected to the latest round of stress tests. Following these results, the Fed announced that it would lift temporary restrictions on dividends and share buybacks.

Twilio (TWLO), Asana (ASAN) – Twilio and Asana have agreed to list their shares on the long-term stock exchange, a Silicon Valley-based transaction that is designed to focus on long-term investing. They will also continue to be listed on the New York Stock Exchange. The two cloud-based software companies were the first investors in the long-term exchange. Asana jumped 3.3% in pre-market trading.

Credit Suisse (CS) – Credit Suisse is considering various overhaul plans, including a possible merger with rival European bank UBS (UBS), according to people familiar with the bank’s thinking who spoke to Reuters. Credit Suisse gained 1.2% in the pre-market.

Doximity (DOCS) – The social network for doctors saw its stock drop 3.9% pre-market, after going public at $ 26 per share and closing its first day of trading at $ 53.

Best Biodegradable Wipes | WTNH.com

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Biodegradable wipes

Traditional wet wipes can contain plastics and other materials that take decades or more to break down. They also use preservatives and other chemicals that are harmful to the environment. Fortunately, there is an alternative. Biodegradable wipes break down quickly – typically in 60 days or less – and most use natural ingredients rather than harsh chemicals.

For sensitive skin, there are few better choices than Kinder by Nature Water-Based Baby Wipes. They are pH balanced, pediatrician approved, completely free of chemicals, and contain only non-irritating ingredients. Plus, they have a soft, fabric-like texture.

What to know before buying biodegradable wipes

Types of biodegradable wipes

There are many types of biodegradable wipes out there, and for the best experience it is crucial to choose one designed for your needs. The most common type is baby wipes. They are intended for wiping the sensitive buttocks of babies and formulated to be gentle on the skin. They are generally gentle, made with few ingredients, and free from potentially irritating chemicals.

Another common type is personal hygiene wipes and are intended for use when bathing is not possible, such as when you are camping. Some may also prefer to use them in the bathroom instead of dry toilet paper. They are also useful for cleaning your hands and face whenever the need arises. Personal hygiene wipes might not be as gentle as baby wipes, but still shouldn’t irritate most people.

Like personal hygiene wipes, feminine wipes are used on the body, especially in a woman’s intimate area. For this reason, they are generally pH balanced, so they don’t disturb your normal levels. Feminine wipes use gentle ingredients and tend to come in packages small enough to easily fit in a purse.

Household wipes designed for use on your home surfaces stand out from all others. Most biodegradable household wipes use green cleaning solutions rather than the chemical varieties found in many other household cleaning products. Despite this, household wipes should never be used on the body, as the ingredients can be harsh, potentially causing irritation and contact dermatitis.

Materials

Biodegradable wipes typically use one of four materials: bamboo, cotton, wood pulp, and viscose rayon.

Bamboo is one of the most environmentally friendly materials because it grows quickly, does not require fertilization, and does not self-regenerate from its roots. It degrades very quickly after removal, often in less than a month, depending on the thickness.

Cotton wipes are generally thicker than bamboo wipes and have a soft, rag-like feel. Some may think that this makes them more useful for cleaning big messes or baby’s bottom, but the downside is that they take longer to decompose than bamboo wipes.

Wood pulp is less environmentally friendly because it comes from trees, and depending on the type of tree and how it is harvested and grown, it may not be considered sustainable. It is made by reducing and then turning wood into a fiber-like material.

Viscose rayon is also considered less environmentally friendly due to the chemical treatment and deforestation typically associated with it. Of course, some companies practice sustainable methods in their production, which will usually be mentioned somewhere in the product list. Wood pulp and viscose rayon wipes tend to be thick and very absorbent.

Scented or unscented

Biodegradable personal use wipes are available in scented and unscented options. The scent options use essential oils and other herbal remedies, so they are gentle. However, some may still find them irritating, primarily if used on sensitive body parts and may want to go for a scent-free option. Household wipes are almost always scented.

Features to look for in quality biodegradable wipes

Eco-friendly packaging

Anyone who buys biodegradable wipes probably does so because they care about the environment. Therefore, it would make no sense to choose wipes in plastic packaging or other non-environmentally friendly or non-recyclable materials.

Organic ingredients

If you are trying to avoid chemicals, you should choose biodegradable wipes made from organic materials. In doing so, you need to pay attention to the fabric of the tissue itself and to the plants and other ingredients used for the infusion.

Hypoallergenic

If you have sensitive skin or buy baby wipes, it is essential to choose biodegradable wipes marketed as hypoallergenic. These will be free of common substances known to irritate. They are usually also fragrance free and water based, rather than alcohol based.

How much do biodegradable wipes cost?

Biodegradable wipes often don’t cost more than non-biodegradable options. This means that you can expect to pay anywhere from 4 to 40 cents per wipe for baby wipes, personal hygiene, and feminine wipes. Household wipes generally range from 4 to 15 cents per wipe.

Biodegradable wipes faq

Can biodegradable wipes be rinsed?

A. Although they are biodegradable and some are marketed specifically as disposable, it is best not to flush them down the toilet. They don’t break down quickly enough in water to clog pipes and sewers.

Are biodegradable wipes compostable?

A. Although this is a common misconception, not all biodegradable wipes are compostable. To be considered compostable, a material must decompose completely under certain conditions within a defined period of time. If you want to buy compostable and biodegradable wipes, you should look for wipes that are explicitly labeled as such.

What are the best biodegradable wipes to buy?

Top biodegradable wipes

Kinder by Nature Water-Based Baby Wipes

What would you like to know: These pediatrician approved wipes have a soft texture and are made with non-irritating ingredients that make them ideal for children with sensitive skin.

What you will love: They are biodegradable and compostable, 100% chemical free and have a pH balanced formula.

What you should consider: Sometimes it can be difficult to remove a single wipe from the package.

Or buy: Sold by Amazon

Biodegradable wipes at the best value for money

Aleva Naturals Bamboo Baby Wipes

Aleva Naturals Bamboo Baby Wipes

What would you like to know: These bamboo wipes biodegrade completely in just 21 days and contain ingredients that nourish the skin.

What you will love: The addition of tea tree oil gives them antibacterial and antifungal properties, and they also contain lavender, which is anti-inflammatory to soothe irritated skin.

What you should consider: Some may find them a bit too thin.

Or buy: Sold by Amazon and iHerb

To check

Natracare organic cotton baby wipes

Natracare organic cotton baby wipes

What would you like to know: These lightly scented wipes are pH balanced and alcohol free for use on all skin types.

What you will love: They are made from soft organic cotton and infused with essential oils.

What you should consider: The price per wipe is higher than many others.

Or buy: Sold by Amazon

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Brett Dvoretz written for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.

Copyright 2021 BestReviews, a Nexstar company. All rights reserved.


NSE Adds Aditya Birla Fashion, 3 More Actions in M&O Segment of July Series

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Four new futures and options (F&O) began trading on the National Stock Exchange (NSE) today, as earlier this month the exchange announced it would add four new stocks to trade in the segment. futures and options.

Futures and options contracts on 4 additional stocks – Aditya Birla Fashion and Retail, Coromandel International, Indian Hotels Company and Metropolis Healthcare – will be available for trading from June 25, he announced.

In another circular on Thursday, the exchange said members are urged to note the market lot and quantity freeze for the stock below as follows:

View full picture

Source: NSE

The latest additions bring the total list to 160 stocks whose derivative contracts trade on the NSE.

These changes will be effective from June 25, 2021, the first day of the July series, subject to compliance with the eligibility criteria for the June 2021 quarter sigma calculation cycle, NSE said in a circular on June 3.

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Japanese stocks follow strong Wall Street end to end week higher

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The Japan Nikkei benchmark average closed 0.66% higher at 29,066.18 on Friday, while the larger Topix gained 0.80% to 1,962.65.

FILE PHOTO: First trading day of the Tokyo stock exchange

TOKYO: Japanese stocks closed higher on Friday, as cyclical and tech stocks followed a solid finish on Wall Street, although gains were limited by concerns about the country’s economic recovery and as part of a cautious outlook for US equities.

The Nikkei stock average rose 0.66% to close at 29,066.18, while the larger Topix rose 0.80% to 1,962.65.

For the week, the Nikkei gained 0.35% to climb just above the 29,000 mark, which market participants say has become a psychological hurdle as the outlook for Japan’s economic recovery remains uncertain .

The Nasdaq and S&P 500 closed at record highs overnight, while the Dow Jones jumped nearly 1% after US President Joe Biden passed a bipartisan Senate infrastructure deal.

“Today’s market (Friday) follows strong Wall Street gains. But investors, especially in Japan, are wary of US markets taking a hiatus anytime soon,” said Shoichi Arisawa, chief executive of the department. research team at IwaiCosmo Securities.

“The prospects for an economic recovery in Japan are becoming blurred as the number of new COVID-19 infections is on the rise again, and the pandemic could worsen as the country plans to host the Olympics.”

Cyclical stocks rose, with oil and coal developers and steelmakers leading the 33 sector sub-indices on the Tokyo Stock Exchange.

Tech stocks also rose, with Tokyo Electron up 0.7%, Advantest 1.5% and Fanuc 1.66%.

Panasonic shares jumped 4.93% as a filing by the conglomerate showed it had sold its entire stake in Tesla in the previous fiscal year.

Toshiba, in crisis, ended down 0.62% after rising to 1.4% as shareholders dismissed its chairman of the board and another director at its annual general meeting.

Mazda Motor Corp, up 8.7 percent, gained the most on the Nikkei, followed by Kobe Steel up 4.8 percent.

Eisai, down 3.96%, was the biggest loser, followed by Mitsui OSK Lines down 1.34% and CyberAgent I down 1.29%.

(Reporting by Junko Fujita; Editing by Uttaresh.V and Sherry Jacob-Phillips)

Sensex, Nifty is likely to have a muted opening

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At 7:30 am, Nifty futures were trading up 10 points on the Singapore Stock Exchange

Domestic stock markets are expected to start the last trading day of the week on a moderate note, following the rally seen in the previous session. The trends on SGX Nifty indicate a flat opening for the index in India, with a gain of 10 points. At 7:30 am, Nifty futures were trading around 15,847, up 10 points, on the Singapore Stock Exchange.

Asian markets were mostly higher, following US markets overnight. Nikkei and Hang Seng rose 0.5% each, while the Kospi and Taiwan indices gained 0.7% each.

The Nasdaq and S&P 500 indexes hit all-time highs Thursday as US President Joe Biden passed a bipartisan Senate infrastructure deal.

The Dow Jones rose 1.04%, while the S&P 500 gained 0.66% and the Nasdaq Composite added 0.72%.

Meanwhile, at the 44th Annual General Meeting of Reliance Industries held on Thursday, Reliance Industries announced the induction of Yasir Al Rumayyan to the Board of Reliance Industries as an independent director and stated that ‘it would close the $ 15 billion oil deal with Aramco this year.

On Thursday, the Sensex closed 392 points higher at 52,699 and Nifty gained 103 points to finish at 15,790.

Doximity and Confluent IPOs exceed expectations in stock market debut

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Earlier this week, the scaled-down IPO of software company Sprinklr Inc. raised concerns whether the IPO market, unusually strong for the season, could be struggling.

Then, two tech IPOs beat expectations on Wednesday and blew their IPO prices up on Thursday.

Shares of health-tech company Doximity Inc. have climbed more than 80% in recent trades after higher than expected prices on Wednesday night. Meanwhile, shares of data analytics firm Confluent Inc. rose more than 20% after also breaking their expected range.

Not all stock market starts were strong on Thursday. Health insurance company Bright Health Group Inc. sold fewer shares than expected at a lower price than expected. Its stock has fallen 7% in recent trades.

It’s been a busy week for IPOs, and even more companies are set to price shares after the market closed on Thursday. In the past two weeks, 18 and 20 companies have gone public, respectively, and more than 10 have already set prices this week, according to Dealogic.

This means a busy schedule for bankers, investors and executives.

“We met over 200 investors in seven business days,” said Jeff Tangney, CEO of Doximity, in an interview with the Wall Street Journal. Although he said he offered to meet in person with New York-based analysts and fund managers, no one agreed and instead the meetings were all virtual.

One change from a year ago, however, was that the two management teams of Confluent and Doximity were able to ring the opening bells on Nasdaq and the New York Stock Exchange in person.

“It was great to be able to do it in person,” said Jay Kreps, Managing Director of Confluent.

The advantages of loans without a credit check

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A loan without a credit check is a popular choice among people with bad credit who wish to acquire a loan. There are times when you will need extra cash for an emergency, but you will not be able to get a traditional loan due to the poor state of your credit history.

If you have bad credit, it’s important that you take action to improve your credit score. However, if you need cash fast while working to improve your credit score, a no credit check loan would be your best option.

Below are the benefits you can get if you choose to apply for this loan option.

Available for any type of credit

Since it is a no credit check loan, many are eligible to apply for it, even people who have bad credit.

Lenders will only ask you for your source of income and how much you earn each month. This loan option is only limited to those who have a bad credit history. Anyone with any type of credit history can apply for a no credit check loan.

It’s also the best choice for people who are just starting to build their credit or protect their credit history, because lenders won’t investigate your credit score. Other loan options require a thorough investigation of your credit report, which will reflect on your credit history.

Practice

No credit check loans can be processed online giving you a hassle-free experience. Online lenders offer most loans without a credit check. They will only need you to complete their online application and upload the requirements through their website or app.

The online no credit check loan application can be done anytime and anywhere as long as you have an internet-connected device. If you are busy during office hours, you can always apply for the loan at night or even at dawn whenever you can.

Quick approval

A no credit check loan is also the best option if you are looking to get some quick cash. Unlike the traditional loan, which usually takes several weeks to be approved, a no credit check loan will only take a few hours to be approved.

For emergencies where you need money fast with bad credit, don’t hesitate to opt for the no credit check loan. There are various no credit check loans you can choose from. It’s best to familiarize yourself with these options to know which is best for your situation.

Types of loans without a credit check

A no credit check loan is not a unique type of loan. This is an option for the most available types of loans on the market.

Below is the list of all No Credit Check Loans to know which type of loan offers no credit check to their borrowers.

payday loan

One option for a no credit check loan is the payday loan. In general, a payday loan is a short-term loan that requires you to pay the full principal plus the interest rate on your next payday, as the name suggests.

A payday loan without a credit check is the best option for you if you only want to borrow a smaller amount of money. It is also a good choice among other no credit check loans because it will not put you in debt due to its unique payment method. In one payment, you will be fully paid without any obligation afterwards.

Title loan

If you need a larger loan amount and more time to pay off the loan, a title loan is your best option. Securities loans are taken out against the value of the vehicle that you will use as collateral.

You are still allowed to use your car even if you have offered it as warranty. However, if you fail to repay your loan, you will automatically lose the car as payment for the money you owe.

Only individuals who own the collateral vehicle with no remaining balance will be considered for a title loan. If you think you qualify for a title loan, it would be best to inquire about this option with your trusted lender.

Installment loan

Although installment loans generally require a credit check and only those with good credit are eligible, other lenders may offer an installment loan without credit check as an option to their borrowers.

Lenders will only need your proof of income, some relevant information, and your social security number. After that, your application will then go through the approval process, skipping the credit check.

Carry

Contrary to the mistaken belief that no credit check loans are dangerous, this loan alternative is actually helpful if used correctly. As long as you know how to be careful and know how to choose the right lender and loan option for you, you have nothing to worry about.