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

griffeth: In a volatile industry reporting on a volatile financial world, Griffeth, Herera and Insana have served as anchors of stability, according to MSNBC. The trio of Matadors recently reflected on their careers spent mostly at CNBC reporting on Wall Street and the global economy, their professional evolution and a relationship defined by one word team. Through all these historic milestones and the thousands of days in between, CSUN alumni Bill Griffeth '80 Journalism Hon.D. '17, Sue Herera '81 Journalism and Ron Insana '84 Radio-Television Broadcasting have been on the air as three of the most recognized and respected journalists in television. I can't think of any other place where a team has lasted this long, effectively in the same job, and we've all been as stable in our jobs as any other place, Insana said. Herera and Griffeth were classmates at CSUN, where they met 40 years ago at KCSN. After graduation, they launched their careers as anchors at the Financial News Network FNN . Insana followed in their footsteps at CSUN and then joined Herera and Griffeth at FNN. Herera left the financial network in 1989 for CNBC's launch. It's odd at any network to see a group that's been around for this long. (news.financializer.com). As reported in the news.

britney taylor: It was not clear where the meeting took place, according to CNN. Brown's attorney, Darren Heitner, did not immediately respond to CNN's request for comment. The meeting lasted about 10 hours, finishing at 10 p.m., the source said, declining to provide details of what Britney Taylor and NFL officials discussed. But he released a statement on Twitter denying new allegations of sexually inappropriate behavior leveled against Brown by an artist, who shared her accusations with Sports Illustrated. No criminal charges have been filed. Taylor, who was says she was Brown's Bible study partner in college before she began training the star wide receiver, filed a lawsuit in a Florida federal court last week accusing Brown of rape and sexual assault. (news.financializer.com). As reported in the news.

farm management: Queensland LNP senators James McGrath and Susan McDonald on Tuesday won support for the rural and regional affairs committee to have an inquiry into the science which sparked farming regulations, according to Nine News Australia. The connections between farming in the catchment and water quality will be examined along with laws around farm management, water quality and soil run-off. To improve your experience update it here News National Reef inquiry to hear of farm water impact By AAP4 57pm Sep 17, 2019Facebook Tweet Mail The science around farm water run-off hurting the Great Barrier Reef will come under scrutiny from a federal government-initiated parliamentary inquiry. Greens senator Larissa Waters said the government was at war with science and the reef would suffer for it. Senator McDonald scoffed at suggestions the motion was an attack on science. This inquiry is like considering whether smoking causes lung cancer or whether the earth is round, she told illiterate politicians should not adjudicate on peer-reviewed science. (news.financializer.com). As reported in the news.

las vegas: Netflix shells out big money for the rights to one of TV's most popular sitcoms, according to MSNBC. And Kevin Hart is facing a major lawsuit related to an extramarital encounter with a model in Las Vegas. Read on for the possible economic side effects. Here's what you need to know in the daily roundup. It includes improved wages and health care benefits, over 7B in U.S. investments and 5,400 jobs. Nearly 50,000 General Motors Workers Are On Strike The offer we presented to the UAW prioritizes employees, communities and builds a stronger future for all. (news.financializer.com). As reported in the news.

logan suburb: All four are facing serious charges, accused of working with each other to defraud the Logan-based Kimberley College of significant sums of money between 2012 and 2018, according to Nine News Australia. Former principal Paul Thomson, 75; his wife Jennifer, 66; daughter Amy Ferguson, 35; and her husband Kevin Ferguson, 34, were all arrested at a home in the Logan suburb of Carbrook today. To improve your experience update it here News National Former principal among four charged over fraud at prestigious private school By 9News Staff7 29pm Sep 17, former staff members, including a principal, have been charged after a long-running probe into alleged fraud at a prestigious private school south of Brisbane. The Department of Education alerted police to serious concerns about the facility in August last year, sparking a high-level investigation involving the Major Fraud Investigation Unit. The nature of the alleged offending is very concerning as it involves persons who were then acting in a position of trust. Logan fraud story 9News It was a complex investigation and involved the detailed and lengthy analysis of financial documentation and banking records, Detective Acting Superintendent Vince Byrnes said today. (news.financializer.com). As reported in the news.

mr draper: A remarkable resurgence in 2019 means bitcoin is currently trading at just above 10,000, though it remains a long way off its record high from December 2017 of nearly 20,000, according to The Independent. 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. The venture capitalist said he may have underestimated bitcoin when he previously predicted it will reach 250,000 201,000 a figure he first forecast when bitcoin was worth around 5,000 in 2018. You can form your own view. Subscribe now Speaking to cryptocurrency news show Blocktv, Mr Draper said his previous price predictions had come true and that his latest one may even fall short of bitcoin's eventual value. 250,000 means that bitcoin would then have about a 5 per cent market share of the currency world and I think that may be understating the power of bitcoin, he said. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

points: The last time the Nikkei finished above 22,000 was April 26. ; On Friday, the key market gauge jumped 228.68 points, according to The Japan Times. The market was closed Monday for a national holiday. The Nikkei rose 13.03 points, or 0.06 percent, to end at 22,001.32, climbing for the 10th straight trading day and achieving the longest winning streak since a 16-session rise in October 2017. The Topix, which covers all issues listed on the TSE's first section, closed 4.71 points, or 0.29 percent, higher at 1,614.58, extending its winning streak to an eight day after a 14.77-point gain the previous trading day. The U.S. market's slump reflected concerns over a slowdown in the Chinese economy following the release of weaker than expected economic indicators and over drone attacks on Saudi Arabian crude oil facilities Saturday. After starting lower, pulled down by an overnight drop on Wall Street, both indexes rose to the positive side in midmorning trading thanks to bargain hunting. (news.financializer.com). As reported in the news.

russell rut: Month-to-date, the Russell 2000 has risen 6.4%, while the S&P 500 has advanced 2.4%, as of Monday's close, according to Market Watch. Recession fears that were overblown in August have receded, and no recession helps small caps even more than large, Steven DeSanctis, equity strategist at Jefferies told Market Watch. Since Aug 31 of 2018, the small-cap Russell 2000 RUT, -0.63% index has fallen more than 9%, compared to a rise of 3.6% for the large-cap S&P 500 index SPX, 0.03%, but in September, the Russell's fortunes began to turn around, and there's now reason for cautious optimism that a rally in smaller-company stocks is here to stay. DeSanctis pointed to rising bond yields as evidence that the market believes the U.S. economy will avoid a recession next year, but also predicted that the Russell 2000 will benefit from a Federal Reserve interest rate cut for the second time this year at the conclusion of the central bank's meeting Wednesday. If housing improves due to lower rates, small caps should benefit way more than large. An aggressive Fed should help the backdrop for small caps, as they have outperformed in the past after rate cuts, DeSanctis wrote in a recent research note. (news.financializer.com). As reported in the news.

short-selling operation: However, we hope he won't be so foolish as to repeat the mistakes he made two decades ago, according to Global Times China. If Soros didn't learn anything from his defeat amid the 1997-98 Asian financial crisis and tries the same thing again, he will soon find that he is not up against the collective investors of Hong Kong but rather the world's second-largest economy. Soros' reported short-selling operation has not been confirmed. The Chinese central government will help local authorities in the Hong Kong Special Administrative Region HKSAR to fight malicious short selling if it becomes a major cause of stock market turmoil. A prosperous economy of the Chinese mainland is a powerful backing for the Hong Kong stock market. The Chinese central government is highly able to mobilize resources and coordinate action to fight external attacks. (news.financializer.com). As reported in the news.

trade protectionism: The representatives extensively exchanged opinions regarding China-US relations, the world economic order and global governance, according to Global Times China. They also provided insight to better understand the current trade disputes. Against the backdrop of China-US trade dispute upgrades, the forum brought together 60 representatives from the US side, including former US government officials, well-known scholars and industry leaders. Due to the rise of trade protectionism in recent years and escalating China-US trade frictions, foreign direct investment FDI worldwide has shown a downward trend. The reasons behind this include China's vast market and steady opening-up policies. However, in contrast to the global trend, there is more FDI flowing into China, which has become a highlight of China's economic numbers. (news.financializer.com). As reported in the news.

majority support: Had Black Rock and Vanguard not torpedoed these investor efforts, at least 16 climate-critical shareholder resolutions at S&P 500 companies would have received majority support in 2019, representing a significant corporate shift on climate, the report claims. climate series linker Refusing to use their proxy votes to support shareholders' resolutions means letting companies off the hook even as the climate crisis threatens their investors, their business models and the planet, the group says, according to The Guardian. The climate crisis is well upon us, and leading investors are stepping up to press fossil-fuel-dependent companies to align their strategies to the goals of the Paris agreement but some of the largest US investment companies are severely lagging, said Majority Action's Eli Kasargod-Staub. The report, published on Tuesday by the Washington DC-based Majority Action and the Climate Majority Project, claims that Black Rock Inc, the world's largest asset manager with more than 6tn under management, and Vanguard, with assets of 5.2tn, have voted overwhelmingly against the key climate resolutions at energy companies, including a resolution at Exxon Mobil's annual shareholder meeting, and at Duke Energy. Blackrock and Vanguard have been using their shareholder voting power to undermine, rather than support, investor action on climate, including opposing every one of the resolutions proposed by the 34tn Climate Action 100 coalition, calling for significant board room reform in response to its failure to act on climate change, Kasargod-Staub added. Vanguard publishes an annual investment stewardship report outlining its commitment to sustainable investing. Blackrock published a report in April on climate-related risk stating Climate change is a risk investors can't ignore. (news.financializer.com). As reported in the news.

opinions: The opinions expressed in this commentary are their own, according to CNN. Jennifer Klein is the chief strategy and policy officer at TIME'S UP, a nonprofit organization that fights gender inequality at work. (news.financializer.com). As reported in the news.

inc: The stock increased 1.81% or 0.03 during the last trading session, reaching 1.69, according to MSNBC. About 276,998 shares traded or 108.88% up from the average. Quaker Capital Investments Llc who had been investing in Reeds Inc for a number of months, seems to be less bullish one the 56.99M market cap company. Reed's, Inc. It has outperformed by 25.00% the S&P500. REED has risen 25.00% since September 17, 2018 and is uptrending. (news.financializer.com). As reported in the news.

today: Authorities understand there to be multiple innocent victims hit by the syndicate, which was revealed by Australian Federal Police and the Australian Securities and Investments Commission today, according to Nine News Australia. Jasmine Vella-Arpachi, 21, has been charged and will face Melbourne Magistrates Court today and faces a broad range of charges relating to fraud, unauthorised access of data and dealing in proceeds of crime. To improve your experience update it here News National Online fraud syndicate Woman arrested and millions allegedly siphoned By Benjamin Ansell4 35pm Sep 17, of dollars have allegedly been siphoned from personal superannuation and share trading accounts as part of a sophisticated online fraud syndicate. Jasmine Vella-Arpaci leaves the Melbourne Magistrate Court after being granted bail in Melbourne, Tuesday, September 17, 2019. The AFP and the ASIC have been conducting a joint investigation into the multi-layered cybercrime activity for more than twelve months, and allege Ms Vella-Arpachi worked as part of a syndicate which used fraudulently-obtained identities to commit large-scale online fraud. AAP The Derrimut woman is accused of attempting to steal about 1.5 million from victims' accounts including charges of tampering with postage. (news.financializer.com). As reported in the news.

wework delay: Last week Softbank was reportedly urging WeWork, or the We Company as it is now known, to postpone its offering, according to The Guardian. Valuation of the company dropped to around 5bn- 10bn, less than a quarter of the 47bn originally envisioned. The WeWork delay saves Softbank, the brainchild of Japanese billionaire Masayoshi Son, from having to write down the value of its 10.65bn investment in WeWork through its Saudi-backed Vision Fund. According to the Wall Street Journal, WeWork is expected to wait until mid-October at the earliest to start its investor roadshow. WeWork is in a bind it must launch its IPO by the end of the year if it is to qualify for the 6bn loan it needs to fund an aggressive expansion program. Softbank, its largest investor, reportedly wants the share offering pushed back further. (news.financializer.com). As reported in the news.

aircraft subsidies: The EU's trade chief said the United States was likely to impose tariffs quite soon, according to The Japan Times. The WTO has found that both Airbus and its U.S. rival, Boeing, received billions of dollars of harmful subsidies in a pair of cases marking the world's largest-ever corporate trade dispute. The World Trade Organization has approved a U.S. request to impose tariffs on European goods in the latest chapter of a dispute over aircraft subsidies that could lead to European reprisals, two people familiar with the case said. ; The scope of the decision, which had been widely anticipated, is due to be announced in the week of Sept 30. The EU and United States are now drawing up potential tariffs after the Geneva body also found neither side had adhered fully to its findings. Washington has sought permission to impose tariffs up to 100 percent on European goods worth 11.2 billion a year. But Washington is first in line to turn this into actual tariffs because its case is running nine months ahead. (news.financializer.com). As reported in the news.

business opportunities: Anja Grenner head of funds, Intertrust Luxembourg Vincent van den Brink commercial director, JTC Neil Wise global head of sales and TA network management, investment fund services, Clearstream Revel Wood independent director and consultant Funds Europe How would you describe the business climate now in Luxembourg's alternatives asset servicing sector Revel Wood, independent director The expansion of the market for alternative investment funds in Luxembourg is creating new business opportunities for asset servicing firms, according to The Independent. With a constant flow of new vehicles being launched in the alternative investments sector, there is demand from alternative investment fund managers AIFMs to support their regulatory reporting obligations, and for risk monitoring and oversight to be embedded in the fund depositary or Man Co management company function. Experts from specialist administrators and securities depository Clearstream detail the environment. Against this background, there have been significant levels of consolidation within the asset servicing area with asset servicing companies acquiring other providers to extend their product range and to build scale.A host of small fintech and regtech businesses are also active in Luxembourg, developing creative solutions to many of the pressing regulatory and operational challenges that confront the investment funds industry. This is forcing firms to review their existing technology and to identify where long-term efficiency improvements can be realised through process innovation and technology upgrades. Overarching each of these drivers is a constant focus on margin and cost. (news.financializer.com). As reported in the news.

drone attack: Another closely watched benchmark, West Texas Intermediate, jumped as much as 15.5 per cent in New York to 63.34, according to The Independent. Pleas allow a moment for the live blog below to load... 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. Brent crude jumped 19 per cent to 71 a barrel within seconds after trading opened in Asian markets. You can form your own view. Subscribe now Key Points Oil could potentially surge to 100 a barrel, says analyst Could the unprecedented drone attack on Saudi oil supplies lead to war Aldi to add 100 stores across UK in two years Oil shares rise after Saudi attacks Show latest update 2019-09-16T08 36 01.483Z Welcome to The Independent's live coverage of business and economics news from around the world. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

energy-sector incumbents: A slow transition would mean that energy-sector incumbents continue to flourish and we would all but certainly miss the emissions reduction targets enshrined in the 2015 Paris climate agreement, according to The Japan Times. But if the transition is rapid, incumbents will experience varying degrees of disruption the price of keeping the Paris targets well within reach. But the big question for the 2020s and beyond is how fast it will happen. As matters stand, both scenarios are possible, representing two paths that lie before us. ; In a new report for the World Economic Forum's Global Future Council on Energy, we and our co-authors identify four key areas that will determine which path we take. One area where the gradual and rapid scenarios diverge is adoption of renewable energy. The Speed of the Energy Transition offers compelling evidence that the transition is coming fast and that all stakeholders in the global energy system which is to say, everyone must start preparing. (news.financializer.com). As reported in the news.

libra cryptocurrency: The meeting comes after French finance minister Bruno Le Maire said he would block the development of Libra in Europe as it poses a threat to monetary sovereignty . 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, according to The Independent. You can form your own view. Officials from 26 central banks will gather in Switzerland to question Facebook over its Libra cryptocurrency and the perceived threat it poses to global financial stability. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. Facebook first announced Libra earlier this year and intends to launch it at some point in 2020. Subscribe now Speaking at a conference on cryptocurrencies last week, Mr Le Maire said I want to be absolutely clear in these conditions, we cannot authorise the development of Libra on European soil. (news.financializer.com). As reported in the news.

nations team: But in a damning report, the United Nations team said the 600,000 Rohingya still inside Myanmar's Rakhine state remain in deteriorating and deplorable conditions, according to The Japan Times. Myanmar continues to harbor genocidal intent and the Rohingya remain under serious risk of genocide, the investigators said in their final report on Myanmar, due to be presented Tuesday in Geneva. The fact-finding mission to Myanmar, set up by the Human Rights Council, last year branded the army operations in 2017 as genocide and called for the prosecution of top generals, including army chief Min Aung Hlaing. ; Some 740,000 Rohingya fled burning villages, bringing accounts of murder, rape and torture over the border to sprawling refugee camps in Bangladesh, where survivors of previous waves of persecution already languish. The country is denying wrongdoing, destroying evidence, refusing to conduct effective investigations and clearing, razing, confiscating and building on land from which it displaced Rohingya, it said. The mission reiterated calls for the U.N. Security Council to refer Myanmar to the International Criminal Court or to set up a tribunal, like for the former Yugoslavia and Rwanda. Rohingya were living in inhumane conditions, the report continued, adding over 40,000 structures had been destroyed in the crackdown. (news.financializer.com). As reported in the news.

oil gas: That could be about to change, according to Global Times China. The default scenarios used by investors peering into the future are from the International Energy Agency, which represents developed-world energy consumers. One of the key stumbling blocks for investors trying to work out if a crude producer faces impending ruin is the lack of a reliable global warming base case to deploy when interacting with board members. The IEA has pointed out that its projections are not forecasts, but analyses of what might be required to limit global warming to different ceilings. But it allows the likes of Exxon Mobil to get away by stating in its 2018 Financial and Operating Review that 21 trillion of investment in oil and gas is needed between 2018 and 2040 even if that could fry the planet. Some of these are in line with the 2015 Paris Agreement s objective of limiting temperature rises to substantially below 2 C. Yet the IEA's best-known one, the so-called New Policies Scenario, assumes minimal change from pre-existing, inadequate climate policies to a future in which warming soars to a ruinous 2.7 C. It's arguably not the IEA's fault that investors have adopted the NPS as a base case. (news.financializer.com). As reported in the news.

chris matthews: The Hollywood elite continued to look down their noses at Trump supporters, according to MSNBC. Actor Sean Penn claimed they voted against their own interests. At the same time, they were shocked by the horror show coming out of Trump's mouth as MSNBCers like Chris Matthews and Donny Deutsch compared the President to tyrants like Idi Amin and blamed him for the El Paso shooting. HBO host Bill Maher rooted for their economic ruin I've been hoping for a recession....it would get rid of Trump. The following is a round-up of the most obnoxious outbursts from liberal journalists and celebrities over the past month. Maher added that he didn't care about the lost jobs and homes as he callously claimed It would be worth it. (news.financializer.com). As reported in the news.

iran-aligned: The Iran-aligned Houthi movement that controls Yemen's capital claimed responsibility for the attack, which damaged the world's biggest crude oil processing plant, according to Nine News Australia. Iran denied blame and said it was ready for full-fledged war . Two sources briefed on the operations of state oil company Saudi Aramco told Reuters it may take months for Saudi oil production to return to normal. To improve your experience update it here News World Saudi attack prompts oil price surge By AAP7 42pm Sep 16, 2019Facebook Tweet Mail An attack on Saudi Arabia that shut 5 per cent of global crude output caused the biggest surge in oil prices since 1991, after US officials blamed Iran and President Donald Trump said Washington was locked and loaded to retaliate. Earlier estimates had suggested it could take weeks. The intraday jump was the biggest since the 1991 Iraqi invasion of Kuwait that prompted the Gulf War. Oil prices surged by as much as 19 per cent before coming off peaks. (news.financializer.com). As reported in the news.

paper mill: The prime minister and US President Donald Trump will visit the new billion-dollar paper mill built by Australia's richest man, Anthony Pratt, in Ohio on Sunday, according to Nine News Australia. The White House says the Wapakoneta factory tour will underscore the strong trade and investment relationship the US and Australia have. To improve your experience update it here News National Trump and Morrison to talk trade, security By AAP10 32am Sep 16, and investment with a side of space exploration will dominate Scott Morrison's visit to the United States this week. Investment between the two nations is worth 1.2 trillion a year. The formal reception is the greatest compliment the US can pay to another country, Australia's ambassador Joe Hockey says. Ahead of the factory visit, the leaders will dine together at the White House on Friday, with Mr Morrison only the second world leader Mr Trump has offered a full state dinner since he took office in January 2017. (news.financializer.com). As reported in the news.

oil prices: It sounds scary for oil and stock investors, but for the time being, the chart tells a different story, according to Market Watch. All investors, not just oil investors, ought to pay attention to this chart. As a result, oil prices have jumped. Chart Please click here for an annotated chart of oil futures CLV19, -0.44%. Note the following From the chart, note the down-sloping trendline. Oil has, as of this writing Sept. 16 broken above the trendline. Oil gapped open. (news.financializer.com). As reported in the news.