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horses: The five-year-old will be staying at home, however, because he is one of 23 horses owned by the Layezy Racing Owners Club, whose founder, Mike Stanley, filed for bankruptcy earlier this week, according to The Guardian. The Rules of Racing make it clear that insolvent individuals or entities are not permitted to own and run racehorses and all 23 horses have been barred from running until further notice. Nickelsonthedime, from Kayley Woollacott's stable, was declared for the last race at Fakenham and would almost certainly have set off as the favourite. The insolvency firm Duff & Phelps has been appointed to oversee the winding up of Stanley's operations, and is currently starting the process of realising assets and continuing to obtain investor claims according to a statement on Thursday. Betting companies could be forced to fund self-exclusion tools Read more The Layezy Racing Club, however, appears to be quite a small element of a much bigger story, since Stanley's main concern in founding it was to advertise his Layezy Racing betting syndicate, which is also in the process of being wound up. The Club's 23 horses will, presumably, be sold at some stage but its shareholders seem unlikely to get much of a return, if any. (news.financializer.com). As reported in the news.

month: Local politicians questioned why a company that made 1bn a month in the last three months of 2018 alone should be lured to New York with taxpayers' cash, according to The Guardian. Those critics were given more ammunition when the Institute on Taxation and Economic Policy ITEP published a report showing Amazon is not paying a single cent in income taxes for the second year in a row. Amazon cancels plans for New York headquarters after fierce opposition Read more The online shopping and tech giant scrapped plans to build a second headquarters in New York this week after a backlash over a proposed 3bn in taxpayer subsidies. In 2018, Amazon nearly doubled its profits, from 5.6bn to 11.2bn. As ITEP pointed out, last week Netflix posted a profit of 845m in 2018, its largest ever profit, but paid no federal or state income tax. But far from paying the statutory 21% income tax rate, it reported a 129m federal income tax rebate for the year a tax rate of -1%. The fine print of Amazon's income tax disclosure shows that this achievement is partly due to various unspecified tax credits' as well as a tax break for executive stock options, according to ITEP. Amazon is not alone. (news.financializer.com). As reported in the news.

quality products: Over 600 million products have been sold since Pinduoduo launched two online stores focusing on brands and home appliances last August, most of which went to fourth and even lower-tier cities, according to Global Times China. These efforts will speed up sales of brand-name products in less developed regions while pushing out knock-offs, said Pinduoduo co-founder Da Da. The company has established partnerships with over 100 brands covering fields from food to consumer electronics to subsidize their sales with the aim of bringing more authentic and quality products to the country's less developed regions. Founded in 2015, Pinduoduo is known for offering group buying deals with big discounts and enjoys a huge consumer base in rural areas and small cities. The NASDAQ-listed company earlier this month announced a follow-on public offering plan worth over a billion US dollars, which will be used to enhance and expand its business operations, for research and development, and for general corporate purposes and working capital, including potential strategic investments and acquisitions. (news.financializer.com). As reported in the news.

price: It all starts with a control premium, according to Market Watch. When we purchase shares of a stock, we pay a price that is within pennies of the last trade. An old Wall Street adage comes to mind Price is what you pay, value is what you get. When a company is acquired, the purchase price is negotiated during long dinners at fine restaurants and comes with a control premium that is higher than the latest stock quotation. Both buyer and seller need to feel that they are getting a good deal. How much above Acquisitions have the elements of a zero sum game. (news.financializer.com). As reported in the news.

prices rise: That was down from 4.41% in the prior week, according to Market Watch. The 15-year adjustable-rate mortgage averaged 3.81%, down three basis points. The 30-year fixed-rate mortgage averaged 4.37% in the February 14 week, mortgage guarantor Freddie Mac said Thursday. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.88%, down from 3.91%. Those rates don't include fees associated with obtaining mortgage loans. That's good news for borrowers bond yields decline as their prices rise. Mortgage rates track the 10-year U.S. Treasury note TMUBMUSD10Y, 0.00% . Bonds have become more attractive over the past few weeks amid global growth concerns and worries about a possible second government shutdown. (news.financializer.com). As reported in the news.

trade war: The sticking point between the world's two largest economies illustrates a core challenge in ending their seven-month trade war ensuring China's pledges will translate into concrete action, according to The Japan Times. In four days of talks this week in Beijing, progress has been difficult on U.S. demands for structural reforms, according to one of the sources briefed on the talks. China promised to bring all subsidy programs into compliance with World Trade Organization rules, the sources said, but U.S. negotiators reacted skeptically, in part because China has long refused to disclose its subsidies. ; Without knowing exactly how the Chinese government finances industries and state-run companies, any reform promises would be difficult to enforce, said the sources, speaking on condition of anonymity because the negotiations are confidential. In addition to curbs on state subsidies, U.S. negotiators are seeking measures to end the forced transfer of U.S. technology to Chinese firms and cybertheft of American trade secrets. China's Commerce Ministry did not respond to a faxed request for comment. Spokespersons for the U.S. Trade Representative's office and the U.S. Treasury did not immediately respond on Thursday to requests for comment about the talks. (news.financializer.com). As reported in the news.

travel experience: The train can run up to a maximum speed of 160 kmph and will provide a totally new travel experience to passengers, a spokesman said, according to Global Times China. Indian railway minister Piyush Goyal and members of railway board were on board the train on its inaugural journey. The train, previously named Train 18, was flagged off from the New Delhi railway station. The train will travel from Delhi to Varanasi in 9 hours and 45 minutes, officials said. India's sprawling railways ferry around 23 million people each day. The Indian government in 2015 announced an investment of over 137 billion US dollars over a period of five years to boost railways and modernize it on new lines. (news.financializer.com). As reported in the news.

rail network: The rail network collapsed under President Robert Mugabe, who ruled for nearly four decades until he was ousted in 2017, according to The Guardian. At Cowdray Park, there is no platform or station, only a makeshift ticket office made out of an old carriage sitting in a field. Commuters queue to buy tickets as the sun rises over the Cowdray Park settlement The popular service was revived in November after being suspended for 13 years. En route, the train stops several times to pick up more passengers who stream in from surrounding homes, climbing up the steps and squeezing into 14 packed carriages. The prices for kombis minibuses went up to two dollars, and that's just too expensive, says Sipeka Mushoma, 61, a an HGV driver at a Bulawayo steel manufacturer, who managed to grab a rare early seat. The Freedom train approaches a station in the early morning Soon after 7am, the train pulls into Bulawayo's grand but dilapidated station and disgorges about 2,000 workers, uniformed schoolchildren and other travellers into the city centre, ready for the day ahead. (news.financializer.com). As reported in the news.

theme: By default, your stylesheet will be loaded after the theme stylesheets, which means that your rules can take precedence and override the theme CSS rules, according to MSNBC. Just write here what you want to change, you don't need to copy all your theme's stylesheet content. You may delete these comments and get started with your customizations. If you need any further help, ask in the CSS Customization forum. / Skip to main content Five Thirty Eight Search Search Menu What The Potential 2020 Candidates Are Doing And Saying, Vol. 6Share on Facebook Share on & News Politics Podcast Trump Plans To Declare A National Emergency Feb. 15, 2019, at 6 01 AMWhat The Potential 2020 Candidates Are Doing And Saying, Vol. 6By Adam Kelsey Filed under 2020 Digest Facebook Twitter PHOTO ILLUSTRATION BY FIVETHIRTYEIGHT / GETTY IMAGESWelcome to a weekly collaboration between Five Thirty Eight and ABC News. Each week, we'll run through what the potential candidates are up to who's getting closer to officially jumping in the ring and who's getting further away. With 5,000 people seemingly thinking about challenging President Trump in 2020 Democrats and even some Republicans we're keeping tabs on the field as it develops. (news.financializer.com). As reported in the news.

city: Protesters opposed to Amazon's plan to locate a headquarters in New York City rally inside an Amazon book store on Nov. 26, 2018 in New York City, according to MSNBC. Stephanie Keith / Getty Images Breaking News Emails Get breaking news alerts and special reports. News Nightly News Meet the ByPoliticsU.S. News Business World Tech & MediaTHINKSports Share this Business News Amazon's Valentine's Day breakup with New York City may cause heartache for years to come, experts say The company's withdrawal from its plans for a second headquarters in Queens may affect the city and state's economies for decades. The news and stories that matter, delivered weekday mornings.SUBSCRIBEFeb. 15, 2019, 2 48 PM GMTBy Dareh Gregorian Opponents of Amazon's New York development hailed the company's decision to pull the plug as a victory but economic experts fear it's a loss that could haunt the city for generations to come. Andrew Cuomo had called the deal with Amazon the largest economic development in New York state history, one that would bring up to 40,000 high-paying jobs to New York City and billions of dollars in much-needed tax revenue to the city and state. Gov. (news.financializer.com). As reported in the news.

p gspc: The Dow DJI rose 1.75%, or 444.33 points, while the Nasdaq IXIC rose 0.61%, or 45.46 points on Friday, according to Xinhua China. The Dow and the Nasdaq each logged an eighth consecutive week of gains, while the S&P 500 ended higher for a third straight week. The S&P 500 GSPC rose 1.09%, or 29.86 points, as of market close and ended the week 2.5% higher. Positive trade headlines helped provide a boost to equities. Both sides are trying to reach a deal before the rate on tariffs on billions of dollars-worth of Chinese goods is set to increase March 2. According to China's Xinhua News Agency, Chinese President Xi Jinping said that U.S.-China trade negotiations will continue in Washington next week following a round of discussions in Beijing this week, which involved U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer. (news.financializer.com). As reported in the news.

technology companies: A new report recommends major changes to Australian online laws to stamp out cyberbullying, revenge porn, and harassment of people of all ages, according to Nine News Australia. Former top public servant Lynelle Briggs' report recommends a fundamental shift - holding technology companies accountable to laws online, just like laws apply in the real world. To improve your experience update it here News National Sweeping new laws to protect people online By AAP3 00am Feb 16, media giants should be ashamed of doing the bare minimum to protect people online, and are facing sweeping new laws to do the job for them. She singled out social media giants for doing the bare minimum by signing up to the weaker second tier of Australia's voluntary compliance regime. This leaves the strong impression that these companies could easily be doing much more to remove harmful material voluntarily at source. Companies with the reputations, influence and resources of Facebook, Google Instagram and You Tube should be ashamed that they did not sign up for the tier one, Ms Briggs said in her report. (news.financializer.com). As reported in the news.

bear-market territory: Lighthizer and Treasury Secretary Steven Mnuchin Negotiations of these three people today and tomorrow in Beijing are probably the most decisive ones since the China-US trade war and will profoundly influence the future of China-US relations, according to Market Watch. Hu Xijin HuXijin GT February 14, 2019 No pressure guys, but investors seem to have a lot riding on the trade-optimism. And POTUS's market-pleasing deadline squashiness may hinge a lot on how the next couple of days go between China Vice Premier Liu He, U.S. Trade Rep. We've seen fresh highs 2019 for Wall Street, and the S&P 500 bust above its 200-day moving average and the Nasdaq on the cusp of breaking out of bear-market territory as cheery trade headlines float past. Even under ideal conditions, we would expect the market to pause here. Trouble on the horizon Cracked Market's contrarian Jani Ziedins notes the S&P is fast approaching the upper end of the well-established 2,600 to 2,800 trading range. (news.financializer.com). As reported in the news.

china: But domestic analysts said that with policy support and a gradual rebound in confidence, the situation might improve in the second quarter, according to Global Times China. According to figures announced by the General Administration of Customs on Thursday, China's January trade surplus with the US widened by 31.2 percent to 188.4 billion yuan 27.8 billion and overall trade with the US dropped 10.1 percent to 315.8 billion yuan. File photo VCG China's trade with the US declined by 10.1 percent and the trade surplus widened in January, as uncertainties about the China-US trade relationship weighed on shipments. China's imports from the US edged down by 38.6 percent year-on-year to 63.7 billion yuan in January, compared with a 2.3 percent decline in December. Overall, China's imports were up 2.9 percent year-on-year in January to 1.23 trillion yuan, while exports rose 13.9 percent to 1.5 trillion yuan, the figures showed. In terms of exports, China sold 252.1 billion yuan worth of goods to the US in January, up by 1.9 percent year-on-year, but slowing from the 8.6 percent growth seen in the previous month. (news.financializer.com). As reported in the news.

canadian mining: The Canadian mining and metals company said it had record production of about 158,000 tonnes of copper for 2018, according to The Toronto Star. Dreamstime/ File photo Analysts had expected earnings of 166.91 million or 20 cents per share, according to Thomson Reuters Eikon. The Toronto-based copper miner, which reports in U.S. dollars, says adjusted net earnings came in at 198 million or 29 cents per share in the quarter ending Dec. 31, up from a loss of 115 million or 17 cents for the same quarter a year earlier. The company said it had record production of about 158,000 tonnes of copper for 2018 thanks largely to a 17 per cent increase in production at its Sentinel copper mine in Zambia. Article Continued Below The company announced on Wednesday that it had started to process the first ore at its Cobre Panama plant, part of a major new mine at which it will be ramping up production through the year. First Quantum and other miners have been grappling with proposed changes to the tax regime in the copper-rich nation, with talks ongoing. (news.financializer.com). As reported in the news.

film: Based on works by novelist Liu Cixin, it tells the story of a group of Chinese astronauts working to save Earth from a dying and rapidly expanding sun, according to CNN. Opening on February 5, the film made about 405 million 2.7 billion yuan in just over its first week in China alone -- putting it on track to become the country's most successful film of all time. It's just one of the reasons China's new sci-fi movie The Wandering Earth is taking the nation by storm. Reaction has been startling. State-run news agency Xinhua, meanwhile, described it as a new dawn for China's sci-fi filmmaking. I didn't expect China could make such a large-scale science-fiction film, said one of the top comments on Chinese film review site Douban. (news.financializer.com). As reported in the news.

hat inc: RHT, 0.53% and reduced its position in Apple Inc. at the end of December, according to 13F filings with the Securities and Exchange Commission that were released Thursday afternoon, according to Market Watch. Berkshire acquired 4.175 million shares of Red Hat worth 733 million, according to filings. BRK.A, 1.40%BRK.B, 1.24% acquired a new position in software maker Red Hat Inc. The investment company also picked up new stakes in Suncor Energy SU, 4.12% purchasing 10.75 million shares, and bought a stake in Stone Co Ltd., described as the Pay Pal of Brazil by some, adding 14.16 million shares, filings show. The investment company maintains 249,589,329 million shares of Apple worth about 39.4 billion, making up 21.5% of Berkshire's holdings, down from 25.8%, according to data from Whale Wisdom. Meanwhile, the influential investor shed 2.89 million shares of Apple AAPL, -0.22% reducing his position in the iPhone maker by about 1%, according to filings. (news.financializer.com). As reported in the news.

earnings recessions: Brian Belski, chief investment strategist at BMO Capital Markets, doesn't see an earnings recession in the offing, according to Market Watch. Nevertheless, he took a look at the historical record around past earnings recessions in a Thursday note. Read Stock market may be in for a rude awakening as earnings growth hits a wall, warns strategist But they might take comfort from history, which shows that past downturns in earnings per share, or EPS, including six straight quarters of falling profits in 2015-16, didn't necessarily spell doom for the stock market or that an economic recession was imminent. His analysis found there have already been two earnings recessions during the current bull market, including the 2015-16 episode, with neither resulting in an economic recession nor the end of the business cycle. When BMO analysts took a look at consensus quarterly EPS growth estimates for 2019 and subtracted the usual drawdown that occurs from the end of January to the beginning of each quarter, they found earnings on track for small year-over-year declines for the first and third quarters, slight growth for the second quarter and 6% growth for the fourth quarter. For that matter, he said, four of the last six earnings recessions didn't coincide with or lead to an economic recession see chart below . BMO Capital Markets Caption outside of wrapper for normal article images So what does happen to earnings during recessions Digging deeper, Belski found that economic recessions have typically coincided with significant year-over-year drops in quarterly corporate profits. (news.financializer.com). As reported in the news.

gr ie: 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 Join Independent Minds For exclusive articles, events and an advertising-free read for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent With an Independent Minds subscription for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent Without the ads for just 5.99 6.99 9.99 a month Start your free trial It is neither the US nor the EU. It is too small to appear on the world stage on its own, according to The Independent. He also warned that hundreds of companies had plans to relocate across the North Sea from Britain. In a scathing assessment of the UK's fortunes in the wake of the 2016 vote, Mark Rutte said the UK was a waning country compared to two or three years ago . It is going to become an economy of intermediate size in a place in the Atlantic Ocean, Mr Rutte told Spanish newspaper El Pais. Watch more Government must get its act together' to prevent Brexit panic-buying We can't stop them from coming here, he said of the news that around 250 UK-based firms had been in talks to relocate to Britain's closest ally in the EU, to retain access to the single market. Mr Rutte also said Britain's allies on the continent were aghast at the fact the UK was doing little to stop a no-deal Brexit. Every businessman I speak to from the UK is saying they will cut investments, cut their business in the UK. It will have an insurmountable impact on the UK, he told the Financial Times, adding that Britain was a more diminished country compared to what it was two or three years ago . Sony and Panasonic are among high-profile names to have cited Brexit in their relocation, but the trade and investment arm of the Dutch government, the Netherlands Foreign Investment Agency, has been actively soliciting more firms and says hundreds more are on the verge of moving. (news.financializer.com). As reported in the news.

index surge: On Wednesday, the key market gauge jumped 280.27 points. ; The Topix index of all first-section issues was up 0.48 point, or 0.03 percent, at 1,589.81, according to The Japan Times. It climbed 16.73 points the previous day. The 225-issue Nikkei average fell 4.77 points, or 0.02 percent, to end at 21,139.71 on the Tokyo Stock Exchange. After getting off to a firmer start reflecting higher U.S. stock prices and the yen's fall against the dollar, the Tokyo market came under profit-taking pressure that grew following a two-day rally. Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management Co., said investors took a breather after watching the key index surge over 800 points over the past two sessions. But the market's downside was supported by a weaker yen, allowing the Nikkei average to hover around the previous day's closing level throughout the day's trading, market sources said. (news.financializer.com). As reported in the news.

index: As of the market closing time, the Shenzhen Component Index rose 0.6 percent to end at 8,219.96 points, while the Shanghai Composite Index shed 0.05 percent to close at 2,719.7 points, according to Global Times China. And the Chi Next board edged up 0.31 percent. Mainland stocks closed mixed on Thursday. A total of 55 stocks rose to their daily trading ceiling of 10 percent. Overseas capital's influx into the A-share market is believed to be a strong driver behind the rally, which has helped boost investors' risk appetite, said Yang Delong,, chief economist at the Shenzhen-based First Seafront Fund Management Company. The A-share market has shown a rising trend since the Spring Festival holidays, with the Shanghai stock index rising for three consecutive trading days from Monday to Wednesday, while the Shenzhen market rose on a consecutive four trading days this week. (news.financializer.com). As reported in the news.

company: Swift Run Capital Management Llc who had been investing in Comcast Corp for a number of months, seems to be bullish on the 167.92 billion market cap company, according to MSNBC. The stock increased 0.19% or 0.07 during the last trading session, reaching 37.1. The hedge fund held 176,160 shares of the television services company at the end of 2018Q3, valued at 6.24 million, up from 136,384 at the end of the previous reported quarter. About 2.43 million shares traded. It has underperformed by 1.43% the S&P500. Comcast Corporation CMCSA has declined 1.43% since February 14, 2018 and is downtrending. (news.financializer.com). As reported in the news.

energy: The speed of growth was without parallel, the company said in its annual energy outlook, according to The Guardian. While oil took almost 45 years to go from 1% of global energy to 10%, and gas took more than 50 years, renewables are expected to do so within 25 years in the report's central scenario. In regions such as Europe, the figure will be as high as 50% by 2040. In the event of a faster switch to a low carbon economy, that period comes down to just 15 years, which BP said would be literally off the charts relative to historical shifts. The outlook's core scenario envisages that oil demand does not peak until the 2030s, though under its greener scenario that milestone could be reached between now and the early 2020s. But the company, as in previous editions of its report, does not see oil going away any time soon. (news.financializer.com). As reported in the news.

exchange: The Toronto Stock Exchange Broadcast Centre is shown in Toronto on June 28, 2013, according to The Toronto Star. Aaron Vincent Elkaim / THE CANADIAN PRESS He said the resilience of equity markets is overpowering geopolitical and global growth slowdown concerns that were also evident in December. However, the nearly 10 per cent rally so far in 2019 signals that investors haven't learned from the past over-exuberance, says Kash Pashootan, CEO and chief investment officer at First Avenue Investment Counsel Inc. So the market has decided to again do a lot of what it has been doing the last few years, which is shrugging off uncertainties and variables that will challenge corporate earnings, global growth and equity returns, Pashootan said in an interview. Article Continued Below The S&P/TSX composite index closed up 69.25 points to 15,695.98, after hitting an intraday peak of 15,733.13. We feel that the rally that we've seen in equity markets is not justified... We did expect to bounce back but we feel that the market has bounced back too much and pricing in too much optimism in the short-term. (news.financializer.com). As reported in the news.

facebook inc: Fuer Langfristige Investoren Tgv who had been investing in Facebook Inc for a number of months, seems to be bullish on the 465.20 billion market cap company, according to MSNBC. The stock decreased 0.65% or 1.07 during the last trading session, reaching 163. The institutional investor held 190,000 shares of the technology company at the end of 2018Q3, valued at 31.25M, up from 145,000 at the end of the previous reported quarter. About 2.90M shares traded. FB has declined 21.26% since February 14, 2018 and is downtrending. Facebook, Inc. (news.financializer.com). As reported in the news.

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Menu DeadlineTVNBC News To Host First Democratic Debate Of 2020 Election Cycle; CNN A Tip Breaking News Oscars Academy Reverses, Will Award All Categories Live Top Stories TV Maisel' Brosnahan, Shalhoub Salary Bumps; Bornstein Next by by Erik Pedersen Box Office Alita' Looking At 27M For Four-Day Holiday Frame by by Erik Pedersen Business Jussie Smollett Case Two Suspects Sprung, New Evidence Cited by by Erik Pedersen 2020 Release Date Bingo Bond', Dune', Furious 9'TVNBC News To Host First Democratic Debate Of 2020 Election Cycle; CNN Gets Second Oneby Erik Pedersen February 14, 2019 1 33pm 7TVBreaking News PoliticsTV NewsCNNDemocratic News, MSNBC and Telemundo will host the first debate of 2020 Democratic presidential candidates in June, the Democratic National Committee said today, according to MSNBC. CNN is set for the second one in July. Krux function var var ; window. Read an internal memo to staff from NBC News president Andy Lack below. No hard date, city or venue for either was announced. Related Donald Trump Will Declare National Emergency For Border Wall & Sign Bill To Avoid Government Shutdown; Senate Approves Bill Both debates will be held over two consecutive nights, given the growing size of the Dem field. (news.financializer.com). As reported in the news.