financializer news A weblog highlighting financial topics making news in the international media.

threat: But performing arts are also part of the fastest-growing sector of the economy, the creative arts, which contributed more than 100bn in 2017, according to The Guardian. Despite all this, the performing arts in the UK are facing an existential threat. We gain a lot emotionally from the industry, which boosts our mental and physical health. The decline of formal performing arts education in schools and the impact of the Ebacc have been well documented. A BBC survey in January 2018 showed nine out of 10 secondary schools had cut back on lesson time, staff or facilities in at least one creative arts subject. In 2017, the number of entries for GCSE drama declined by 8.5%, while A-level entries for dance fell by 42%, drama by 33% and music by 38% between 2010 and 2018. (news.financializer.com). As reported in the news.

session: Acropolis Investment Management Llc who had been investing in Comcast Corp New for a number of months, seems to be bullish on the 197.62B market cap company, according to MSNBC. The stock increased 0.81% or 0.35 during the last trading session, reaching 43.54. The institutional investor held 16,780 shares of the television services company at the end of 2018Q4, valued at 571,000, up from 3,570 at the end of the previous reported quarter. About 11.75 million shares traded. It has outperformed by 1.62% the S&P500. Comcast Corporation CMCSA has risen 5.99% since May 20, 2018 and is uptrending. (news.financializer.com). As reported in the news.

: But now I can reveal one of them, according to MSNBC. Hold onto your seat. Facebook Twitter Email Print Big source of Murphy dark money' group's money is revealed By MATT FRIEDMAN 05/20/2019 07 20 AM EDTPresented by JUUL Labs Good Monday morning!For 140 days, I've kept count of how long it's been since the Murphy-aligned group New Direction New Jersey reneged on its promise to reveal its donors. The New Jersey Education Association gave New Direction New Jersey 2.5 million shortly after its formation, according to the union's own January 2018 Delegate Assembly meeting minutes, as discovered by Mike Lilley, a longtime NJEA opponent who recently founded an organization that will publish papers on how the union operates. So, wasn't it assumed by pretty much everyone that the NJEA was at least a major funder of New Direction New Jersey, or even the primary one Why, yes, of course. We don't know at this point if the NJEA has given more money to New Direction New Jersey in the roughly 1.5 years since that initial infusion. (news.financializer.com). As reported in the news.

inc: Financial Architects Inc who had been investing in United Contl Hldgs Inc Call for a number of months, seems to be less bullish one the 21.51 billion market cap company, according to MSNBC. The stock increased 0.29% or 0.24 during the last trading session, reaching 81.74. The institutional investor held 300 shares of the transportation company at the end of 2018Q4, valued at 25,000, down from 5,016 at the end of the previous reported quarter. About 1.94M shares traded. UAL has risen 24.83% since May 20, 2018 and is uptrending. United Continental Holdings, Inc. (news.financializer.com). As reported in the news.

trump administration: Last week, the Trump administration barred American companies from selling to Huawei without a US government license in a significant escalation of the trade war with China, according to CNN. We are complying with the order and reviewing the implications, a Google spokesperson said on Monday. The move is a huge blow to Huawei, whose goal is to be the top smartphone brand by the end of 2020. Huawei, the world's No. 2 smartphone seller, relies on a suite of Google GOOGL services for its devices, including the Android system and the Google Play app store. Listed companies are barred from receiving components and software unless the trade is licensed. The Silicon Valley giant is suspending much of that access, according to multiple reports, after Washington placed Huawei on a list of foreign firms deemed to undermine American national security or foreign policy interests. (news.financializer.com). As reported in the news.

cast ballot: A year later, the dispute is still raging and soybeans hit a 10-year-low, according to The Japan Times. But Bardole says he supports his president more today than he did when he cast a ballot for Trump in 2016, skeptical he would follow through on his promises. ; He does really seem to be fighting for us, Bardole says, even if it feels like the two sides are throwing punches and we're in the middle, taking most of the hits. When President Donald Trump's trade war with China made a miserable situation worse, Bardole used up any equity his operation had and started investing in hogs in hopes they'll do better than crops. Trump won the presidency by winning rural America, in part by pledging to use his business savvy and tough negotiating skills to take on China and put an end to trade practices that have hurt farmers for years. But there's a big potential upside if he can get a better deal and little downside if he continues to get credit for trying for the farmers caught in the middle. While the prolonged fight has been devastating to an already-struggling agriculture industry, there's little indication Trump is paying a political price. (news.financializer.com). As reported in the news.

china: China's semiconductor industry output reached 1.6 trillion yuan 231 billion in 2018, accounting for nearly a 50 percent share of the global market, according to Wang, according to Global Times China. According to the white paper on development trends in the global semiconductor market released by CCID Consulting on Saturday, China's semiconductor market led the world in terms of growth rate, rising 20.5 percent year-on-year, 6.8 percentage points higher than the global average. China is playing an increasingly important role and has been one of the main driving forces for the development of the world's integrated circuit IC industry, Wang Xinzhe, chief economist at China's Ministry of Industry and Information Technology said at the 2019 World Semiconductor Conference in Nanjing, capital of East China's Jiangsu Province, on Friday. Christopher Millward, president of the United States Information Technology Office, said that as a critical part in the value chain of the IC industry, China is not only a prime consumer, but also an innovator and developer. Experts noted that the extreme strangulation, which is intended to hold back China's high-tech development, will push the nation's semiconductor industry to develop in a faster manner. The rapid growth of China's semiconductor market is coming amid an escalating trade war between China and US. The US Department of Commerce announced on Thursday that Chinese technology giant Huawei and 70 of its affiliated companies would be included in an entity list of export controls, prohibiting Huawei from buying technology or parts from US companies. (news.financializer.com). As reported in the news.

european parliament: Nearly two months since Brexit was supposed to happen, Brits will elect candidates to represent them in the European Parliament, according to Nine News Australia. Why Because Prime Minister Theresa May's failure to get her Brexit deal approved by the UK Parliament has forced the country to remain an EU member state and take part in European elections. To improve your experience update it here News World Brexit mess is about to get much, much worse By CNN3 19am May 20, 2019Facebook Tweet Mail On May 23, the UK's Brexit mess gets even more complicated. European elections seldom capture the British public's imagination. AP And as livid leavers across the country point out, this doesn't look a whole lot like independence. But in 2019, they've become the battlefield on which the fight for the nation's future takes place. (news.financializer.com). As reported in the news.

chinese malaysians: What kinds of Chinese investments does Malaysia want most Given the large number of Chinese Malaysians in the country, will their relations with the Malay majority have an impact on bilateral relations Global Times GT reporters Xie Wenting and Bai Yunyi interviewed Dato' Abdul Majid Ahmad Khan Khan chairman of the Malaysian Investment Development Authority and president of Malaysia-China Friendship Association, on the economic cooperation as well as people-to-people exchanges, according to Global Times China. What are the new cooperative projects between China and Malaysia after the 2nd Belt and Road Forum for International Cooperation Khan One of the best MOUs under the Belt and Road Initiative BRI we signed is that Malaysia and Pakistan will build an auto factory in Pakistan. The two sides are now expecting a fresh stream of economic projects after the 2nd Belt and Road Forum for International Cooperation in April. The project will be funded by China Construction Bank and will use Chinese technology. This is the first industrial cooperative project between Malaysia and Pakistan. The construction will start very soon. (news.financializer.com). As reported in the news.

core interests: Just as a commentary from the People's Daily said, at no time will China forfeit the country's respect, and no one should expect China to swallow bitter fruit that harms its core interests, according to Global Times China. At present, the two sides have reached important consensus on many aspects, but there remain three core concerns of China that must be addressed. It is said that the US is demanding China change some of its laws as part of the trade deal, which China believes crosses the line and will compromise the nation's equality and dignity. The first is to remove all the additional tariffs, which must be totally revoked if the two sides are to reach a deal. The two sides reached consensus on the volume in Argentina and should not change it spontaneously. The second is that the amount of purchases should be realistic. (news.financializer.com). As reported in the news.

farm prices: Modi's National Democratic Alliance NDA is projected to win anything between 339-365 seats in the 545-member lower house of parliament followed by 77 to 108 for the Congress party-led opposition alliance, India Today Axis exit poll showed, according to The Japan Times. To rule, a party needs to win 272 seats. Modi faced criticism early on in the campaign for failing to create jobs and for weak farm prices, and analysts as well as politicians said the election race was tightening with the main opposition Congress party gaining ground. ; But he rallied his Hindu nationalist base and turned the campaign into a fight for national security after tensions rose with Pakistan and attacked his main rival for being soft on the country's arch foe. Counting of votes recorded in hundreds of thousands of computerized machines will begin early on Thursday and results are expected by noon. A poll by Neta Newsx, though, forecast Modi's group falling 30 seats short. According to another poll released by Times Now television, Modi's alliance is likely to get 306 seats. (news.financializer.com). As reported in the news.

keyup listener: That's because this is an industry that could see global sales catapult from 12.2 billion last year to perhaps between 50 billion and 75 billion by the end of the next decade, according to various Wall Street estimates, according to The Independent. But whereas opportunistic and iron-stomached retail investors have been giving pot stocks a chance for years, it's only been within the past couple of quarters that Wall Street's top money managers have nibbled on pot stocks.A man in a suit pressing the sell button on a digital board. Search first keyup' ; ; listener ; ;No matching results for ''Tip Try a valid symbol or a specific company name for relevant results Give feedback on the new search experience Cancel Sign in Mailif window.performance window.performance.mark && && Finance Techif window.performance window.performance.mark && && U.S. Markets open in 4 hrs 22 minsS&P window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && Big-Name Pot Stocks Money Managers Dumped in the First Quarterif window.performance window.performance.mark && && Williams, The Motley Fool Motley Fool May 19, 2019if window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && the next decade, one of the most lucrative investment opportunities might just be marijuana stocks. More Image source Getty Images. That means there have been only a small handful of marijuana stocks for money managers to choose from on the New York Stock Exchange or Nasdaq. Prominent investment funds and hedge funds sold these marijuana stocks in Q1Aside from the teething pain that can be expected with any nascent industry, prominent Wall Street investment funds and hedge funds simply haven't wanted to purchase companies listed on over-the-counter exchanges. (news.financializer.com). As reported in the news.

pinterest pins: Analysts on average expected adjusted losses of 11 cents a share on sales of 200.7 million, according to Fact Set, according to Market Watch. Pinterest PINS, -3.18% went public in April at 19 a share, and has experienced volatility amid a solid rise since. Pinterest reported a net loss of 41.4 million, or 33 cents a share, on revenue of 201.9 million, up from 131 million a year ago that the company reported in filings for its IPO. After adjusting for stock-based compensation and other effects, the company claimed losses of 32 cents a share. Shares closed Thursday with a 7.8% gain at 30.86, and have now increased or declined more than 4% in half of Pinterest's 20 trading sessions thus far. SNAP, -2.61%proved in a memorable way, but that wasn't a problem for Pinterest because the quarter ended before the actual IPO took place. Net losses can be very large in the first report after an IPO, as fellow social-media company Snap Inc. (news.financializer.com). As reported in the news.

futures: Asked for comment, Kushner told CNN in a statement that people are letting their grandfathers' conflict destroy their children's futures, according to CNN. This will present an exciting, realistic and viable pathway forward that does not currently exist. The effort is being headed by Jared Kushner, the senior White House adviser and President's son-in-law, and White House Middle East envoy Jason Greenblatt, who have spent years developing the proposal along with the much stickier political component, which officials said would be announced later in the year. The plan will discuss four major components the senior administration official said infrastructure, industry, empowering and investing in people, and governance reforms to make the area as investible as possible. The economic plan will include a combination of grant money, low interest loans and then also private capital, a second senior administration told reporters Sunday. Kushner is said to have modeled details of the economic proposal on what has worked in Poland, Japan, Singapore, and South Korea. (news.financializer.com). As reported in the news.

homes: More than 90bn is estimated to be laundered illegally through the UK each year, according to the all-party parliamentary committee scrutinising the registration ofoverseasentitiesbill, according to The Guardian. Illicit funds help sustain Britain's inflated property market through the purchase of homes that are frequently left unoccupied, emptying the wealthier parts of London of residents. Draft legislation contains insufficient verification checks to deter criminals from submitting false information and could allow those exploiting trusts to circumvent controls, MPs and peers have said. The issue was highlighted last year in the BBC drama McMafia, based on the book by Misha Glenny, which examined the penetration of western economies by organised Russian criminal gangs. Buying an expensive mansion through a shell company enables a corrupt individual to 'wash' a large sum of suspicious money in a single transaction, while preventing law enforcement or journalists from finding out who truly owns it. Quick guide Property and money laundering Show Hide What is the problem There have long been concerns that the UK property market is vulnerable to money laundering and corruption, with London real estate considered a particular problem. (news.financializer.com). As reported in the news.

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newsletters: Email Sign UpBy signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time, according to MSNBC. Facebook Twitter Email Print POLITICO Playbook A crack in the GOP defense of Trump By ANNA PALMER, JAKE SHERMAN and DANIEL LIPPMAN 05/19/2019 10 48 AM EDTPresented by President Donald Trump will meet with Democratic lawmakers to discuss infrastructure on Wednesday, just one thing on his schedule this week. Sign up for POLITICO Playbook today. Alex Brandon/AP Photo THE PRESIDENT'S WEEK AHEAD -- President Donald Trump will headline a political rally in Montoursville, Pa. He will also participate in an expanded meeting with the presidents of the Marshall Islands, Micronesia and Palau. Trump will have lunch with VP Mike Pence. (news.financializer.com). As reported in the news.

rescue efforts: If a deal cannot be agreed well before the group's next rental payment in late June, Arcadia could face administration, according to The Guardian. As part of the rescue efforts, it is understood the group is attempting to refinance a 300m mortgage on Topshop's 400m Oxford Circus building in central London, which also houses Nike. Arcadia, the group led by Green that owns several ailing high street fashion brands including Topshop, Miss Selfridge and Wallis, said it needs to secure a deal involving about 50 UK store closures, rent cuts and a reduction in pension fund payments. The remortgage could potentially release cash needed to satisfy the group's landlords and pension trustees, who want Green to pump more money into the business and its pension fund before they will agree to back a rescue deal. But the hefty mortgage and difficult property market mean the store is not seen as the gold-standard asset it once was and trustees have held out for a better offer. Arcadia had offered to hand over the Topshop building to the pension fund trustees as part of a deal under which it wants to slash annual payments into the scheme to 25m from 50m. (news.financializer.com). As reported in the news.

questions i: Surely we should have the chance to cancel without penalty so we can book with someone else to avoid all this uncertainty Name supplied A Yours is one of many questions I have received from worried customers of Thomas Cook, according to The Independent. The firm has been going through a very difficult time financially. We are very concerned with what we are hearing about the financial state of this company. It is heavily in debt and its share price is currently less than a 10th of the level a year ago. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. Shares lost value significantly at the end of last week after Thomas Cook announced more bad news on Thursday summer bookings had not picked up as the firm had hoped, due to continuing Brexit uncertainty. (news.financializer.com). As reported in the news.

robert: This is my class, 2019, according to Market Watch. And my family is making a grant to eliminate their student loans. Billionaire tech investor Robert F. Smith the founder and chief executive of Vista Equity Partners dropped that bombshell while addressing students during commencement ceremonies Sunday at the all-male, historically black college in Atlanta. Robert F. Smith The announcement stunned students and administrators alike, and drew a massive cheer from the crowd. PayItForward HBCU Marcus Smith Marcus SmithKTLA May 19, 2019 The pledge is estimated to be worth 40 million, the largest single gift in school history, according to the Atlanta Journal-Constitution. Wow! Billionaire Robert F. Smith surprises Morehouse graduates by announcing this morning his family will eliminate the student debt of the entire class of 2019 with a grant. (news.financializer.com). As reported in the news.

sarah martin: There are seats to be decided, a new ministry, a parliament return date and a Labor leadership field to work out, according to The Independent. And we'll be right there bringing you all of it. But there will be more politics live tomorrow morning. So thank you very much for spending your weekend with us. Murph, Sarah Martin, Gabrielle Chan and Paul Karp have the news and analysis takes for you and will keep you updated as the days unfold. We all appreciate it, more than you know. (news.financializer.com). As reported in the news.

student loans: Smith, who is black, is the founder and CEO of Vista Equity Partners, a private equity firm that invests in software, data and technology-driven companies. ; On behalf of the eight generations of my family that have been in this country, we're gonna put a little fuel in your bus, the investor and philanthropist told graduates in his morning address, according to The Japan Times. This is my class, 2019. Robert F. Smith, this year's commencement speaker, made the announcement while addressing nearly 400 graduating seniors of the all-male historically black college in Atlanta. And my family is making a grant to eliminate their student loans. Then the graduates broke into the biggest cheers of the morning. The announcement immediately drew stunned looks from faculty and students alike. (news.financializer.com). As reported in the news.

swan events: The move also marks Tiger 21's first cash-raising effort in three years, according to Market Watch. Here's where Tiger 21's allocation stands now Caption outside of wrapper for normal article images The ongoing tariff tiff with China tops their long list of market concerns, along with an unsustainable budget deficit and the failure to make progress with North Korean relations. The 750 members of Tiger 21, a coalition of investors with some 75 billion in assets, increased their cash holdings by 20% in the first quarter, bringing the group's total allocation to levels not seen since the start of 2013. A bigger cash pile will also come in handy, they say, in the face of any other black swan events that could rattle stocks. The group is backing away from hedge funds, but just slightly, while real estate, still the asset of choice, has steadily fallen out of favor, dropping from a peak of 33% in the second quarter of 2017 to the current 26% level. Tiger 21 President Michael Sonnenfeldt told Market Watch that members are also worried about continued government dysfunction, failing infrastructure, stock markets being priced to perfection' and rising economic inequality leading to greater polarization in America and elsewhere. (news.financializer.com). As reported in the news.

russian investor: The new election is not a wish, it is a necessity, Chancellor Kurz said, according to CNN. The snap election decision was sparked by the resignation of Vice-Chancellor Heinz-Christian Strache on Saturday, after a video surfaced showing him appearing to offer government contracts to a woman who claimed to be a Russian investor and niece of an oligarch. We are of the same opinion, that after these events it is not possible to go back to business as usual. What is important now, and that is the uppermost requirement, is to ascertain a full explanation of what happened. Strache also resigned as head of the Freedom Party on Saturday. We need all the suspicious facts which have arisen as a result of the video to be verified; that naturally concerns themes of potential abuse of power, to questions of potential criminal concern, Kurz added. (news.financializer.com). As reported in the news.

trade unions: But trade unions are already setting out the battlelines, saying the Morrison government has no mandate whatsoever to further pursue an anti-worker agenda, according to Nine News Australia. With just over 75 per cent of the vote counted on Sunday, the coalition appeared to hold 73 seats - three short of a majority. To improve your experience update it here News National Business urges calm after slim poll win By AAP4 00pm May 19, groups are hoping for a sensible approach when Prime Minister Scott Morrison wrestles with the possibility of a minority government after his surprise election win. Australian Chamber of Commerce and Industry CEO James Pearson hopes the speeches made by Mr Morrison and outgoing Labor leader Bill Shorten on the importance of bringing Australians together will translate into a sensible and calm approach as government is formed. We don't know what the Senate is going to look like, we don't yet know if the government will have a clear majority or will have to govern in some sort of arrangements with independents. I'd like to think that that kind of approach is something perhaps we could see a bit more of in the next parliament, Mr Pearson told ABC news on Sunday. (news.financializer.com). As reported in the news.

trade war: That could make the trade war between China and the United States even more complicated, according to CNN. One US dollar bought 6.92 yuan on Friday. Yuan alert The yuan just hit its lowest level against the dollar since November 2018. The Chinese currency has weakened by almost 2.7% this month and is now uncomfortably close to the symbolically important level of 7 to the dollar, last breached during the 2008 financial crisis. China has a vested interest in stabilizing the currency, as does the United States. What happens next is important. (news.financializer.com). As reported in the news.