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

al sharpton: Al Sharpton. ; Al is a con man, a troublemaker, always looking for a score, according to The Japan Times. Just doing his thing, Trump tweeted, adding that Sharpton Hates Whites & Cops! He struck out after Sharpton one of the best known, if controversial, black figures in U.S. politics expressed support for Baltimore, a majority black city near Washington that has also come in for a presidential bashing. Rejecting criticism that he is stoking America's smoldering racial divisions, Trump attacked African American civil rights activist Rev. Over the weekend, Trump described Baltimore as a rat and rodent infested mess unfit for humans and blamed this on Elijah Cummings, the Democrat who represents much of the city in Congress. Sharpton told reporters in Baltimore that Trump has a particular venom for blacks and people of color. Cummings, who is black, heads the House Oversight committee, one of the powerful bodies mounting politically sensitive probes into everything from Trump's Russia connections to tax records. (news.financializer.com). As reported in the news.

american end: Farage said that W4B had been organized 'at the American end' by Gerry Gunster, the American political strategist who in 2016 assisted Leave.EU, the unofficial referendum campaign for the UK to leave the EU. Farage's public fundraising brought out publicly what was clear from an analysis of the economic and social forces behind Brexit, and the relations between Trump and pro-Brexit groups in the UK. Some Chinese media mistakenly treated Brexit as a domestic British issue without major implications for China, according to Global Times China. In reality, it has significant implications for China. The Financial Times noted, Mr. Not long ago, China-UK relations entered a golden period when David Cameron was British prime minister. London is Europe's most important financial center. The UK was then the first G7 country to join the Asian Infrastructure Investment Bank AIIB . Within that framework Cameron developed a rational strategy, from the viewpoint of both the UK's population and British capitalism, positioning the UK as the gateway for China into the EU. This aided the UK's prosperity as it had great advantages in pursuing such a strategy. (news.financializer.com). As reported in the news.

attempt: It's an attempt by the government to stop the dramatic brain drain Poland has experienced since it joined the European Union 15 years ago, according to CNN. Prime Minister Mateusz Morawiecki said the tax exemption will bring new opportunities for young people so they match those available in the West. A new law that comes into effect in Poland this week will scrap income tax for roughly 2 million young workers. Poles under the age of 26 who earn less than 85,528 Polish zloty 22,547 a year will be exempt from the country's 18% income tax starting August 1. Read More The government said 2 million people will qualify for the benefit. The allowance is generous, considering the average Polish salary stands at just below 60,000 zloty 15,700 a year. (news.financializer.com). As reported in the news.

campaign: But with the 37-year-old Buttigieg intent on seeking a position in the gasp public sector, tech industry VCs instead appear interested in investing in the small-town mayor's upstart presidential campaign, according to The Guardian. More than 75 venture capitalists donated to Buttigieg's presidential campaign in the second fundraising quarter of 2019. If Pete Buttigieg had a product and a pitch deck, Silicon Valley's venture capitalists would most likely be lining up to get in on his startup's seed round. Buttigieg's support among venture capitalists appears to top that of other Democratic candidates with strong ties to the industry, including the California senator Kamala Harris, the New Jersey senator Cory Booker and the former startup evangelist Andrew Yang, according to a Guardian review of campaign finance filings. But Buttigieg's second quarter haul of 24.8m signaled growing support for his candidacy and proved that his initial burst of viral popularity has more staying power than, say, Ello. Such numbers aren't everything to a candidate running for the president of the entire country and not just Sand Hill Road, especially at a point in the campaign when many donors are hedging their bets by backing multiple candidates. (news.financializer.com). As reported in the news.

armour uaa: Under Armour UAA, -4.19%UA, -3.37% executives told investors they now expect North America sales to show a slight decline this year, whereas it had previously been forecasting relatively flat results, according to Market Watch. Chief Financial Officer David Bergman said the outlook reflects the company's efforts to lessen its reliance on off-price channels, which have hurt profits in the past. The athletic-apparel retail was under pressure to justify its recent share-price rally heading into its latest report, but management's weak expectations for the North America business didn't inspire confidence. The disappointing forecast, coupled with a poor showing for North America in the second quarter, helped to send shares tumbling toward their worst single-day drop since late 2017. The key question for Bernstein analyst Jamie Merriman is whether improvements to profitability will be enough to support Under Armour's stock while the company only manages to grow overall sales by a low single-digit rate. Under Armour's challenges in a key region also overshadowed signs of progress elsewhere, including on inventory and margins. (news.financializer.com). As reported in the news.

bank accounts: Tokyo prosecutors requested Swiss assistance on Jan. 14, and the request was forwarded to prosecutors in Zurich on March 8 following a summary probe, a spokesperson of the Swiss Federal Department of Justice and Police said. ; While Zurich prosecutors did not give details of the ongoing investigation, they are believed to be probing bank accounts associated with Ghosn, as Tokyo prosecutors are apparently following the flow of money disbursed by Nissan and Renault SA in Europe and the Middle East, according to The Japan Times. Many European and American financial institutions are based in Zurich, which is known for hosting private banks and investment banks catering to the wealthy. Chairman Carlos Ghosn, who has been indicted on charges of financial misconduct and breach of trust. French media have reported that Ghosn was making preparations since around last year to move his tax domicile to Switzerland, which offers preferential tax treatment to the rich. Since his arrest last November, investigations into Ghosn have spilled over to other countries. Ghosn has been accused of underreporting his remuneration and redirecting company funds, allegations he categorically denies. (news.financializer.com). As reported in the news.

bear-market behavior: Yet determining your bear-market behavior is surprisingly difficult, according to Market Watch. Most investment firms try to do this by asking you to fill out one of the many risk questionnaires that may vary slightly in detail but for the most part are identical. That's because you can have the theoretically best strategy on the planet and still lose money if you bail at the bottom of the next bear market. They ask questions such as the length of your investment horizon and whether you worry more about not losing money than about not making lots of money. While we may genuinely think we will have the discipline and intestinal fortitude to stick with our strategy through thick and thin, the truth is that almost always we're wrong. These questionnaires are next to worthless, since we don't know ourselves how to answer these questions. (news.financializer.com). As reported in the news.

china: China's investment in infrastructure and basic industries has kept growing over the past years, according to Global Times China. Investment in the transportation industry grew at an average annual rate of 16.7 percent from 1996 to 2018, according to the report. Analysts say that fixed investment is the basis for development and the high growth rate shows China's sound foundation and huge potential for economic growth and sustainability, as the figure provides important clues as to the economy's capacity to produce more goods and services. China's infrastructure grew out of nothing from 70 years ago, and now leads the world in infrastructure investment, with the nickname 'infrastructure maniac,' Zhao Xijun, vice director of the School of Finance at Renmin University told the Global Times on Tuesday. In terms of information transmission, the total length of optical cable lines in China ranked first in the world by the end of 2018, which shows the outstanding effect of investment in the information industry, according to the report. China has formed a comprehensive transportation network including railways, roads, water transport and air transport. (news.financializer.com). As reported in the news.

market opportunities: Building on its Acousto-Magnetic AM electronic article surveillance EAS technology and RFID-based EAS and LP offerings, the company now provides retailers a one-stop destination to meet all their loss prevention needs, regardless of technology choice and store format, according to The Independent. Sensormatic Solutions is accelerating growth by expanding market opportunities with RF, which represents more than 30% of the total 1.2 billion EAS market. Related CONTENTArdene Deploys Sensormatic Solutions' RFID Technology for Loss Prevention Avery Dennison Announces Shield Sense RFID Blocking Material Radial, Ingenico to Support Retailers in Offering Better Payment Experience Sensormatic Solutions Launches TrueVUE Inventory Intelligence SaaSSensormatic In-store Shopping Will 'Continue to Rule' U.S. Back-to-school Season ; 07.30.19Johnson Controls announced that Sensormatic Solutions, its global retail solutions portfolio, unveiled a new line of Sensormatic Essentials Radio Frequency-based RF anti-theft solutions. The Sensormatic Essentials RF product portfolio includes affordable and stylish anti-theft detection systems in a design to complement any store setting. Retailers can also choose from a wide range of RF sensors and labels to suit a variety of product categories. This strong visual deterrent provides wide exit coverage to support a variety of storefront entrances, backed by reliable performance to protect inventory and ensure open merchandising. (news.financializer.com). As reported in the news.

aud: Revenues reached AUD 97.4 million in the second quarter, up from 25.1 million during the same period last year, a 287 per cent spike, according to Nine News Australia. Beyond Meat's products, designed to mimic a variety of meats, have proven to be an attractive alternative to the real thing. To improve your experience update it here News World Beyond Meat sales spike as consumers look for ethical and sustainable food By Kiersten Papasidero2 17pm Jul 30, Meat's sales continue to soar as consumers maintain an appetite for fake meat. The Beyond Burger has become a global sensation for its meaty flavour and texture. Our customers are loving our Beyond Meat and Alternative Meat Co. products, which have enjoyed double-digit growth week-on-week over the past month, he said. A Coles spokesman says the rise in popularity of meat alternatives is part of a broader global trend towards a reduction in meat consumption and towards meat-reduced diets, not necessarily full vegetarian diets. (news.financializer.com). As reported in the news.

distress: Monique was lucky enough to come across one of the rare Simbas, but her excitement turned to distress after attempting to sell it online, according to Nine News Australia. I received so many hate and death threat messages just because I've put up the rare furry Simba, the Brisbane mother told 9News. To improve your experience update it here News National Ooshies craze turns nasty with Brisbane mother abused online By 9News Staff9 25pm Jul 30, 2019Facebook Tweet Mail The Ooshies craze has turned nasty with a woman in Queensland brought to tears after copping abuse from trolls online. Many people are forking over tens of thousands of dollars for Ooshies they think are rare, but are in fact just as likely to be found in the packets as any other collectible. woolworths Interest in collecting the special edition Lion King figurines has swept the nation with collectors aggressively looking for the entire 24 collectibles as well as the rare furry Simba, of which there are only 100 in existence. Just hours after posting her advertisement online, hundreds of abusive messages started pouring in. While Monique's asking price seems steep at 5,000, it is one of the cheapest on eBay. (news.financializer.com). As reported in the news.

history month: In February it was forced to withdraw an 890 689 balaclava knit, part of the autumn/winter 2018 collection, which covered half of the wearer's face and featured a cutout mouth with large red lips, according to The Guardian. Critics said that the polo neck, which was released during Black History Month in the US, resembled blackface. The appointment of Ren e Tirado, who was previously the chief diversity and inclusion officer at Major League Baseball, is the latest in a series of steps taken by the Italian fashion house in response to a pair of incidents that prompted claims the problem came from a lack of ethnic minorities within the company. In the same month, the Milan-based brand announced it would hire global and regional directors for diversity and inclusion, as well as launching a multicultural design scholarship programme, a diversity and inclusion awareness programme and a global exchange programme. Photograph Pietro D'aprano/Getty Images But in May Gucci was again under fire again, this time for a 790 headpiece that resembled a turban, a piece from the same collection as the balaclava. Facebook Twitter Pinterest A Gucci model wearing the 790 headpiece criticised by Sikhs. (news.financializer.com). As reported in the news.

misinformation blitz: Trump made 61 false claims last week In the hours leading up to and after Mueller testified before two House committees, Trump unleashed a misinformation blitz about him on Twitter, in a Fox News interview and while speaking to reporters, according to CNN. Trump also made 11 false claims about China and trade, 10 false claims about immigration, and 9 false claims about his popularity and accomplishments. That compares to 61 false claims the week before and 29 the week before that. He was particularly dishonest during a speech to teenagers he made 22 false claims during his off-script address to a conference held by the conservative student group Turning Point USA. A complete list of false claims is below. First, some of the week's lowlights and lower-lights Read More CNN's Marshall Cohen, Stephen Collinson, CNN's Zachary Cohen, Nicole Gaouette, Sophie Jeong and Barbara Starr contributed to this fact check. (news.financializer.com). As reported in the news.

patriot: Which brings me to the Rev, according to MSNBC. Al Sharpton. Because it's no longer sufficient to be a Trump antagonist, no longer enough to stick the word racist in every news piece and broadcast; a real patriot embraces all the president's enemies, no matter how morally loathsome. This week, Barack Obama's go-to man on racial issues headed to Baltimore to protest President Trump's attacks on Elijah Cummings, the Democratic congressman from Maryland. Al is a con man, a troublemaker, always looking for a score, Trump tweeted about his old buddy. As is his wont whatever creed, color, or faith his antagonists might be the president lashed out at those critical of him. (news.financializer.com). As reported in the news.

semiconductor-related issues: It lost 2.95 points Monday, according to The Japan Times. The market surged in early morning trading as investors rushed to buy back semiconductor-related issues, including industrial robot producer Fanuc, brokers said. The Nikkei 225 average rose 92.51 points, or 0.43 percent, to end at 21,709.31 after falling 41.35 points Monday. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, was up 7.01 points, or 0.45 percent, at 1,575.58. Sentiment was brightened by the yen's weakening and the Dow Jones Industrial Average's rise for the second consecutive day Monday, they said. The market cut gains in the early afternoon following the yen's rebound in response to the BOJ's statement that it will maintain its easing policy. But active buying receded later in the morning as a wait-and-see mood grew ahead of the end of the Bank of Japan's two-day Policy Board meeting. (news.financializer.com). As reported in the news.

players today: Subscribe Ken Henderson, a traveling Pickleball pro, has taped out two 22-by-40-foot courts on an East Harlem gym floor, according to The Independent. Today, instead of the usual Florida retirees, he's teaching a crew of youngish engineers, Web designers and financial planners who have taken the subway up from the Chelsea offices of their fintech startup to play the paddle sport many Baby Boomers favor because it requires less running than tennis and is easier on aging joints. Share to facebook Share to twitter Share to linkedin This story appears in the August 31, 2019 issue of Forbes Magazine. One of the older players today is 41-year-old Rhian Horgan, the founder and CEO of Kindur. In 2016, after 17 years with JPMorgan, Horgan ditched her business suits for jeans and reinvented herself as a fintech entrepreneur. She has arranged the outing as a tongue-in-cheek way for her staff to get in touch with their inner Boomers and their clientele. (news.financializer.com). As reported in the news.

products: That puts refining companies in the last link of the oil industry's three-part value chain that works together to transform raw production into usable end products The upstream oil and gas segment produces hydrocarbons -- oil, natural gas, and natural gas liquids NGLs -- by drilling wells into underground reservoirs, according to The Independent. The midstream segment then transports, stores, and processes these hydrocarbons. Refineries take raw crude oil and refine it into usable fuels and other refined petroleum products. Finally, oil and gas flow into downstream facilities such as refineries and petrochemical plants, which transform them into usable products such as fuels and plastics. That often makes a refining stock an excellent complimentary holding for investors who also have shares of an upstream oil producer in their portfolios. Because refiners consume oil in their plants, refining companies tend to benefit when oil prices fall. (news.financializer.com). As reported in the news.

report losses: Earnings before interest, income taxes, amortization and depreciation, and adjusted to strip out stock-based compensation and other expenses, came in at a gain of 6.9 million, according to Market Watch. Analysts on average expected the company to report losses of 9 cents a share on revenue of 52.5 million, according to Fact Set. Beyond Meat BYND, 0.90% on Monday afternoon said that sales nearly quadrupled from a year ago, reporting a second-quarter loss of 9.4 million, or 24 cents a share, on sales of 67.3 million, after losses of 7.4 million on revenue of 17.4 million a year ago. See also Britain's answer to Beyond Meat set to launch in the U.S. Growth in net revenues for the second quarter of 2019 was driven primarily by an increase in sales of the Beyond Burger, expansion in the number of retail and food service points of distribution, including new strategic customers, as well as greater demand from our existing customers, Chief Financial Officer Mark Nelson said in a conference call Monday afternoon. Beyond Meat plans to sell an additional 3.25 million shares, with 3 million coming from selling stockholders and 250,000 shares from the company, at a yet-to-be-determined price. Shares wobbled in immediate after-hours trading following the report's release, but then sank after the company revealed that it plans to sell more shares in a secondary offering. (news.financializer.com). As reported in the news.

trade war: The project is a landmark for the China-proposed Belt and Road Initiative BRI that seeks win-win development cooperation between participating states through economic and trade partnerships as well as infrastructure projects, according to Global Times China. Photo Xinhua Chinese officials, while recognizing the tough external environment due to lingering trade war, charted a sound economic development course for the second half of 2019 at a high-level meeting, with more stimulative measures in finance and consumption, stabilizing policies in manufacturing and employment as well as innovative rules to inject vigor for homegrown high-tech companies. More than 3,000 Egyptian and Chinese employees of China State Construction Engineering Corporation CSCEC work in the four-year CBD project that started in May 2018. The Political Bureau of the Communist Party of China CPC Central Committee analyzed the economic situation and arranged economic work for the second half of the year in a symposium held to solicit opinions and suggestions on the economic situation and economic work from non-Party personages, the Xinhua News Agency reported on Tuesday. Xi emphasized that economic work will play a vital role in the second half of the year when China will celebrate the 70th Anniversary of the founding of the People's Republic of Chinavia a series of activities. Chinese President Xi Jinping, who is also the general secretary of the CPC Central Committee, presided over and addressed the symposium. (news.financializer.com). As reported in the news.

cnn: Yang is an entrepreneur, former ambassador for global entrepreneurship under the Obama administration and a 2020 presidential candidate, according to CNN. The views expressed in this commentary are his own. ET, on CNN. Ten others will debate on Tuesday evening. View more opinion on CNN. (news.financializer.com). As reported in the news.

night: Market Insiderread more Here are the top moments from night two of the second Democratic... Former Vice President Joe Biden faced heavy scrutiny again during night two of the second Democratic debates in Detroit.2020 Electionsread more Beyond Meat shares fall after pricing secondary stock offering at... Beyond Meat announced Wednesday it priced its secondary stock offering at 160, six times the price of its IPO. The share price is an 18.6% discount from the stock's closing... Food & Beverageread more Verizon CEO sees functioning 5G wireless in half the US next year But it will take until 2024 for half of Americans to actually operate 5G phones, he says, according to Xinhua China. Technologyread more General Motors shares up as earnings beat on strong North... Shares of General Motors have risen more than 7% over the last 12 months and are up more than 21% since the beginning of the year. Market Insiderread more Powell is 'confusing' the markets, but another cut is expected Chairman Jerome Powell's comments after the Fed's expected rate cut are seen as confusing, and market pros say monetary policy has become muddled. Autosread more Apple shines on earnings Cramer and other experts on what comes... Trading Nationread more Markets 'need to chill' because Fed may not be done with rate... Stocks in the U.S. fell after Federal Reserve Chairman Jerome Powell suggested policymakers were not embarking on a new cycle of rate cutting. Politicsread more Shares of Taco Bell-owner Yum Brands jump as earnings top... Taco Bell, KFC and Pizza Hut owner reported second quarter earnings that topped expectations, fueled by stronger same-store sales growth across all its brands. The Fedread more Trump says Fed Chief Powell 'let us down' by not clearly... President Donald Trump said that Federal Reserve Chairman Jerome Powell let us down on Wednesday hours after the Fed lowered its benchmark rate by a quarter point. (news.financializer.com). As reported in the news.

points telecommunications: The benchmark S&P/ASX200 index was up 44.1 points, or 0.65 per cent, to 6,869.9 points at 1015 AEST on Tuesday, while the broader All Ordinaries was up 42.4 points, or 0.61 per cent, to 6,953.8 points, according to Nine News Australia. Telecommunications and utilities shares were the highest climbers, adding 1.44 per cent and 1.18 per cent respectively. To improve your experience update it share market's benchmark index hits all-time high By AAP11 06am Jul 30, 2019Facebook Tweet Mail The Australian share market has opened higher, with every sector joining an early rally, as the ASX200 broke through its intra-day all-time high set in November 2007, just before the global financial crisis. The ASX has hit record highs Supplied The financial sector had the smallest advance, collectively gaining 0.33 per cent. The Australian Bureau of Statistics will publish data on building approvals for June at 1130 AEST on Tuesday. It follows a mixed session on Wall Street overnight, with the Dow Jones Industrial Average finishing up 0.11 per cent, the S&P 500 down 0.16 per cent and the tech-heavy Nasdaq Composite down 0.44 per cent. (news.financializer.com). As reported in the news.

police: But in an interview to mark his retirement, Boutcher said Twenty thousand more police officers is essential, but to allow those police officers to do the job the public want, don't distract us by us having to repair and look after those that are not adequately supported because of the lack of investment in their public services, particularly mental health provision, according to The Guardian. We need to repair the social fabric. In a damning indictment of the effects of years of austerity on crime, Jon Boutcher, the chief constable of Bedfordshire, called for police to be freed up to focus on hardcore criminals and not victims of social circumstance . In an interview with the Guardian, the former national police lead for race said that no number of extra police officers would make the streets safer if the heavy impact of the cuts continued to weigh on officers across the UK. Last week Boris Johnson took office as prime minister and announced plans to hire 20,000officers, in effect reversing cuts made to frontline law enforcement since 2010, when the Tories came to power. He said the conveyor belt of the criminal justice system was not working and significant numbers of offenders could be diverted from crime with a bigger investment in social services, education and mental health. The first responsibility of government is to protect its citizens. Picking up demand from the crumbling mental health system was a big issue for policing, he said, and from the education sector, with schools excluding children who end up on the streets. (news.financializer.com). As reported in the news.

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cabinet office: The projections are relatively optimistic compared with private sector growth estimates of 0.5 percent for both years, according to The Japan Times. The projections, based on data as of the end of June, will be used as the basis for government panel discussions on the fiscal 2020 budget. For the year through March, gross domestic product, or the total value of goods and services produced in the country, will expand 0.9 percent in real terms, the Cabinet Office said Monday, revising downward its forecast from 1.3 percent. ; The economy is projected to grow 1.2 percent in fiscal 2020, due to a potential pickup in exports and expectations that consumer and capital expenditures will be solid, a government official said. Exports are projected to grow 0.5 percent this year, slowing from the earlier forecast of 3.0 percent, amid trade tensions between the United States and China. Capital spending is predicted to expand 2.5 percent, compared with 2.7 percent in the previous projection, as firms continue to boost investment amid the labor shortage. Private consumption, which accounts for more than half of Japan's GDP, is estimated to increase 0.9 percent, down from the January forecast of 1.2 percent. (news.financializer.com). As reported in the news.

ftse ukx: The U.K. FTSE 100 UKX, -0.37% gained 1.81% to 7,686.61, its best one-day performance since Feb. 5, according to Market Watch. Gains accelerated as the pound weakened on concerns the U.K. could leave the European Union without an agreement. The Stoxx Europe 600 index SXXP, -0.08% rose 0.14% to 391.28. Read British pound collapses on no-deal Brexit concerns The German DAX DAX, 0.10% increased 0.08% to 12,430.32 and the French CAC 40 PX1, 0.04% inched up 0.01% to 5,610.73. The Dow Jones Industrial Average DJIA, -0.09% meanwhile didn't see much movement, as U.S. markets are largely frozen ahead of Wednesday's Federal Reserve interest-rate decision. What's moving markets News that Prime Minister Boris Johnson did not plan to meet EU leaders unless they are willing to modify the withdrawal agreement seemed to accelerate sterling's losses, and conversely, helped U.K. equities rise. (news.financializer.com). As reported in the news.