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

feeling heat: Both face their investors at annual general meetings this week, having ruffled feathers in recent months over their excessive pay packets, according to The Independent. Conn's remuneration has grown with the help of two bonuses, each worth 388,000, while Horta-Os rio is feeling the heat over annual pension payments viewed by many shareholders as little more than a backdoor pay rise. Conn's bedfellow in shareholder discontent is Lloyds Banking Group's chief executive, Ant nio Horta-Os rio. It puts both companies at risk of joining the list of British boards which have suffered shareholder rebellions over the 2019 AGM season, including Barclays, engineering business John Wood and shipping services company Clarkson. The backlash may be smaller, given Lloyds and Centrica have support from influential shareholder advisory firms Glass Lewis and ISS, but it won't go unnoticed. London-based bank Standard Chartered also suffered a 36% vote against its own pay policy last week. (news.financializer.com). As reported in the news.

guard c: When she was a child, Christine Mau's home in Laguna Hills, Calif., sat beneath the flight path of F-4 jets screeching across the sky from the since-decommissioned El Toro Marine Corps Air Station in Irvine, according to Market Watch. There I was as a five-year-old, looking up at these big, bad F-4s just making noise and just looking awesome, Mau, 44, told Market Watch. This story is part of Ceiling Smashers, a series in which successful women across industries tell Market Watch how they broke down professional barriers. I told my mom, I want to do that someday.' The urge to fly runs in the family. There I was as a five-year-old, looking up at these big, bad F-4s just making noise and just looking awesome. Her father was an Air National Guard C-130 pilot turned Continental Airlines UAL, -3.21% pilot, and her grandfather flew the B-24 bomber in WWII. But Mau didn't see her ambitions crystallize until around sixth grade, when she watched Maverick and Goose fly an F-14 Tomcat in the 1986 film Top Gun. (news.financializer.com). As reported in the news.

segal: I think he read it around Mother's Day time period, and that's when he was like, You know, I will start doing the laundry,' said 48-year-old Segal, the senior vice president of communications and external relations for the Washington, D.C.-based American Association of University Women, according to Market Watch. Laura Segal and her husband of 14 years, full-time working parents to 9-year-old boy-girl twins, reached a domestic-labor balance by splitting up tasks based on their respective strengths. He took the advice to heart. Segal and her husband of 14 years, full-time working parents to 9-year-old boy-girl twins, reached their current domestic-labor balance by splitting up tasks based on their respective strengths. Her husband does laundry, some of the cleaning and the bulk of putting the kids to bed. Today, Segal handles the play time and child-care arrangements, as well as buying groceries and some cleaning. (news.financializer.com). As reported in the news.

sex life: My wife has always earned more money than me, and for a while it absolutely killed our sex life, according to Market Watch. Dead. When wives earn more than their husbands, some men just can't handle it. I'm a trial lawyer now, but from 2006 to 2016 I didn't make a dime. Dave Peters was one of several men who told MEL Magazine what it was like when their wives earned more money than they did. I went back to school to get my master's and Ph.D. and try to break into academia. (news.financializer.com). As reported in the news.

tim ryan: But as Democrats look to pick a challenger to Donald Trump in 2020, how does a middle-aged, middle-of-the-road white man stand out in a field of more than 20 I've a big vision for the country, according to The Independent. I have the opportunity to bring the country together. Tim Ryan may be smart and charismatic, he may be from the electorally crucial midwest and have a freight train of bright ideas. I'd do well in some of the districts where Trump won and bring some of those people back over, and start healing the country, he says. You can form your own view. 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. (news.financializer.com). As reported in the news.

donny deutsch: Do you feel it Most people Democrats still win on the economy Democrats still win on the economy this week's episode of Saturday Night Politics with Donny Deutsch, Nicolle Wallace, Richard Stengel, and Don Calloway about the week's top political headlines including a booming economy, according to MSNBC. Wallace says the Democrats can still win on that issue Is the stock market booming You bet. Wallace says the Democrats can still win on that issue Is the stock market booming You bet. Do you feel it Most people (news.financializer.com). As reported in the news.

everyone: The proposal also aims to boost investment in renewables and establish a public energy provider, according to Nine News Australia. SA Greens Senator Sarah Hanson-Young said the Greens have a plan to make renewable power affordable for everyone. To improve your experience update it here News National Greens proposal 'to cut SA power prices'By AAP3 03pm May 12, 2019Facebook Tweet Mail The Greens have proposed to re-regulate the energy sector in a bid to reduce electricity bills for South Australians. The big energy companies have gotten away with price gouging for too long, Ms Hanson-Young said. Re-regulating the energy market would ensure a set price, matching the country's lowest cost. Deregulation has been a failure, leading to power price rises that have done nothing but boost retailer profits. (news.financializer.com). As reported in the news.

jobs: Our lives have changed so much that research suggests that average workers will have 11 different jobs during their life, according to The Guardian. As they move from one employer to the next, they build up new pension funds. Whereas once many workers could expect to spend their whole career in the same company, now they shift from one to the next as better opportunities present themselves, redundancies force movement or they opt for a change in direction. But, for many, when they leave a job, those same funds are left behind. Many will only wake up to their importance when they approach retirement, at which point panic sets in which is why close tabs should be kept on them today. As the government is now forcing employers to offer workers a company pension, it is expected that soon the UK will be awash with millions of stranded pensions where people lose track of what they have built up. (news.financializer.com). As reported in the news.

plant species: On Monday, a new international report by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services IPBES warned one million animal and plant species are now threatened with extinction across the globe, more than ever before in human history, according to Nine News Australia. In Australia three native species have become extinct in the last decade and scientists say 17 more could be wiped out in the next 20 years. To improve your experience update it here News National Loss of biodiversity 'greater threat than climate change'By Rebecca Masters3 30pm May 12, loss could become a greater threat to humanity than climate change and we are running out of time to turn things around, a Queensland academic warns. Professor James Watson is the Director of the Centre for Biodiversity and Conservation Science at the University of Queensland Supplied Professor James Watson is the Director of the University of Queensland's Centre for Biodiversity and Conservation Science. Politicians are not showing true leadership to mitigate climate change, or protect biodiversity, he told 9news.au. He believes most Australians know they need to use less plastic, plant more trees and stop their cats and dogs from killing native wildlife but says governments need to step up - and quickly. (news.financializer.com). As reported in the news.

tilray inc: The Nanaimo, B.C.-based company's CEO recently identified the U.S. and Europe as the focus of its future investments, and said it will not purchase overpriced supply assets in Canada, according to The Toronto Star. Inflation numbers Statistics Canada will release its consumer price index for April on Wednesday. Justin Tang / THE CANADIAN PRESS Tilray Inc. will release its first-quarter results on Tuesday. The agency last reported the annual inflation rate rose to 1.9 per cent in March, in line with economists' expectations, as price pressures strengthened for fresh vegetables, mortgage interest costs and auto insurance. The cannabis grower's CEO recently said the company wants to be a good neighbour and is going to great lengths including the installation of new exhaust systems and filters to mitigate any cannabis odour wafting over Edmonton International Airport, which is next to its Aurora Sky facility. Article Continued Below Aurora earnings Aurora Cannabis is expected to release its latest quarterly results on Tuesday, followed by a conference call with financial analysts Wednesday. (news.financializer.com). As reported in the news.

analysts expectations: Even after adjustments, Lyft claimed losses of more than 200 million, or 9.02 a share a figure that is inflated because shares related to the IPO were not used in its share count, which was captured at the end of the quarter and before the IPO closed, according to Market Watch. Shares bounced around in after-hours action, finishing the extended session down 1.8%. Lyft reported first-quarter revenue of 776 million, better than analysts' expectations, but Lyft's revenue does not tell the entire story. Lyft's LYFT, -7.41% first-quarter results were not an auspicious beginning for the ride-hailing company, as it reported quarterly losses that topped 1 billion thanks to the stock-based compensation that is always an issue in the first quarter after initial public offerings. As Market Watch has detailed with both Lyft and rival Uber Technologies Inc.UBER, -7.62% ride-hailing companies are reporting only part of each transaction, the amount of money that goes to the company instead of the driver. Lyft offered total bookings information in its pre-IPO regulatory filings for 2016, 2017 and 2018, which is the total revenue generated by the ride-hailing app including the total paid to drivers. For more Five things to know about the Uber IPO Both companies had been offering potential investors numbers that gave a look at the full operations. (news.financializer.com). As reported in the news.

business share: Small Business I write about branding, trends, culture, disruptive business, according to The Independent. Share to facebook Share to twitter Share to linkedin In this July 1, 2014 photo, Dollar Shave Club CEO and co-founder Michael Dubin poses for photos at the company's headquarters in Venice, Calif. Do What Amazon, Netflix, Uber And Air Bnb Did, Head For A Blue Ocean.performance.mark performance.mark function s ; Bernhard Schroeder Contributor Opinions expressed by Forbes Contributors are their own. AP Photo/Jae C. Hong ASSOCIATED PRESSIf you want to become an entrepreneur but don't know where to start, relax. If you think about what Netflix, Amazon, Uber and Air Bnb did, you can clearly see, they created nothing new in terms of products. It's not about ideas, it's about understanding and researching current industries that have not innovated their products or services and have a large customer market. (news.financializer.com). As reported in the news.

chinese imports: However, both sides agreed that the talks in Washington were constructive and continuable, according to Global Times China. Reassuringly, both sides have shown a willingness to move on with consultations and agreed to meet again in Beijing in the future. At noon Friday Beijing time the US increased additional tariffs on 200 billion worth of Chinese imports from 10 percent to 25 percent, casting a huge shadow on the latest round of Sino-US trade talks. During a media interview on Saturday, Chinese Vice-Premier Liu He, who led the Chinese delegation in the 11th round of high-level economic and trade consultations with the US, affirmed progress made in the Sino-US consultations. They include whether all additional tariffs must be totally revoked if the two sides are to reach a deal, whether the amount of purchases should be realistic, and whether the wording of the agreement must be balanced and acceptable to the Chinese public without undermining the sovereignty and dignity of China. Liu also candidly shared the truth about the differences between the two sides on China's core concerns. (news.financializer.com). As reported in the news.

future negotiations: Hours earlier, the Trump administration hiked tariffs on 200 billion worth of Chinese imports to 25 percent from 10 percent, escalating tensions between Beijing and Washington, according to The Japan Times. China's Commerce Ministry vowed to impose necessary countermeasures but gave no details. Trump asserted on Twitter that there was no need to rush to get a deal between the world's two biggest economies and later added that the tariffs may or may not be removed depending on what happens with respect to future negotiations. ; A White House official, speaking on condition of anonymity because they were not authorized to speak publicly on the matter, confirmed that the talks had concluded for the day but could not say when they would resume. On Saturday, however, Chinese stat-run media said that three main differences remain in the trade talks, including the removal of all the additional tariffs. China will never yield to the United States side's maximum pressure and will not compromise on matters of principle. The ruling Communist Party's official People's Daily and the official Xinhua News Agency said that in addition to the lifting of the additional tariffs, the differences centred on trade purchases and a balanced text to any trade deal. (news.financializer.com). As reported in the news.

market turbulence: Yet the ride-hailing company picked a week for its IPO plagued by market turbulence fueled by U.S.-China trade worries, according to The Japan Times. Moreover, smaller rival Lyft's shares plunged this past week after its first earnings as a public company. ; Uber was the biggest of a group of Silicon Valley startups that have spent years raising money in private rounds at record prices. Uber considered going public for at least four years. Many of these companies are now looking to follow with their own IPO. Some, like Uber and Lyft, are unprofitable. Grocery and food delivery platform Postmates, WeWork owner The We Company and online mattress retailer Casper Sleep are among startups seeking to launch IPOs this year. Workplace messaging company Slack Technologies Inc. plans to hold an investor presentation on Monday in advance of its direct listing next month. (news.financializer.com). As reported in the news.

u.s: U.S. Trade Representative Robert Lighthizer later that day said that Trump ordered us to begin the process of raising tariffs on essentially all remaining imports from China, which are valued at 300 billion, according to MSNBC. While most of the goods hit with the 25 percent tariff are industrial or component parts to products made in the U.S., a number of consumer goods are also affected, including backpacks, baseball caps, bicycles and luggage. Critics slammed Trump Friday after he raised tariffs from 10 percent to 25 percent on about 200 billion worth of Chinese products. The president on Saturday presented what he viewed as a simple option for affected Americans to get around these tariffs. It's very simple! George Conway, who frequently criticizes the White House, even though his wife is one of its highest-profile staffers, bashed Trump's suggestion. Such an easy way to avoid Tariffs Make or produce your goods and products in the good old USA, Trump tweeted. (news.financializer.com). As reported in the news.

pm: Firing was still ongoing at 8pm, the assistant superintendent of police in the city said, according to The Guardian. Security personnel cordoned off the area around the hotel. Local media said the fighters stormed the Pearl Continental hotel in Gwadar just before 5pm local time on Saturday. A spokesman for Pakistan's military said a hotel security guard had been killed. Security forces cornered the attackers in a staircase during the hours-long gunfight, the military said in its statement. detailed map Responsibility for the attack was claimed on Twitter by members of the Majeed Brigade of the Balochistan Liberation Organisation, a separatist group active in Pakistan and Afghanistan. All four of the terrorists have been killed, said a senior security official told the Associated Press. (news.financializer.com). As reported in the news.

rush: Trump asserted on Twitter that there was no need to rush to get a deal between the world's two biggest economies and later added that the tariffs may or may not be removed depending on what happens with respect to future negotiations, according to Nine News Australia. American buyers will pay 200 billion more in taxes under Donald Trump's new tariffs on Chinese imports. To improve your experience update it here News WorldUS-China talks stop, US raises tariffs By AAP8 24pm May 11, talks between the US and China have broken up with no agreement, hours after President Donald Trump more than doubled tariffs on US200 billion A286 billion in Chinese imports. AAP A White House official, speaking on condition of anonymity because they were not authorised to speak publicly on the matter, confirmed that the talks had concluded for the day but could not say when they would resume. China's Commerce Ministry vowed to impose necessary countermeasures but gave no details. Hours earlier, the Trump administration hiked tariffs on 200 billion worth of Chinese imports to 25% from 10%, escalating tensions between Beijing and Washington. (news.financializer.com). As reported in the news.

chinese: Most of them were Chinese workers who were paid less for their labor than their European counterparts, according to CNN. Chinese migrants worked in the Sierra foothills for the Central Pacific Railroad. context Image Object name Chinese migrants worked in the Sierra foothills for the Central Pacific Chinese migrants worked in the Sierra foothills for the Central Pacific Railroad. url For years, railroad workers were largely overlooked in memorial events marking the railroad's completion. Thousands of workers from a variety of ethnic and cultural backgrounds labored in grueling terrain and conditions to connect the Atlantic and Pacific. This year, however, their contributions and descendents are more visible than ever in 150th anniversary celebrations. The Champagne Photo is among the most memorable images from the Golden Spike Ceremony. context Image Object name The Champagne Photo is among the most memorable images from the Golden Spike Ceremony. description The Champagne Photo is among the most memorable images from the Golden Spike Ceremony. url The Transcontinental Railroad was a tremendous feat of engineering, innovation and manpower that was key to unleashing the economic prosperity of the United States for generations, US Secretary of Transportation Elaine Chao, whose parents are of Chinese descent, said Friday in a reenactment of the ceremony at Golden Spike National Historic Park in Promontory, Utah. Friday marked the sesquicentennial of the Golden Spike Ceremony on May 10, 1869, in what was then Utah Territory where the Central Pacific and Union Pacific Railroads were joined. (news.financializer.com). As reported in the news.

hard-to-find items: For weeks, Cubans have complained of empty store shelves and fights have broken out in state-run markets when chicken and other hard-to-find items go on sale, according to CNN. The government blames the shortage on the hardline taken by the Trump administration on the island's government for its support of the regime of Nicolas Maduro in Venezuela. Cubans will face regulations on the purchase of chicken, eggs, sausages, and cleaning and hygiene products, the state-run website Cubadebate reported Friday. The supply of oil coming from Venezuela to Cuba has been waning in recent months as the Maduro government deals with US sanctions and an imploding economy. Part of the sanctions includes the enforcement of Title III of the Helms-Burton Act, or Libertad Act. Trump administration targets so-called 'troika of tyranny' with wave of new sanctions The Trump administration announced the new sanctions in April against what US National Security Adviser John Bolton calls the troika of tyranny Cuba, Venezuela and Nicaragua. (news.financializer.com). As reported in the news.

private-client assets: UBS was the fifth largest U.S. wealth management firm, with around 601 billion in private-client assets under management in 2018, according to Barron's, according to Market Watch. The spreads on emerging market bonds have remained resilient even as trade tensions have escalated, a testament to their solid fundaments, but the spreads are likely to widen if additional tariffs increase growth concerns, Haefele wrote. In a late Thursday note, Mark Haefele, chief investment officer for UBS Global Wealth Management, said the firm was dropping its overweight positions in emerging market hard currency bonds versus U.S. government bonds. In contrast, U.S. Treasury bond yields are likely to fall in that scenario. Yields and bond prices move in opposite directions. This adjustment reduces some risk in the portfolio without giving up much upside if a trade agreement is reached. (news.financializer.com). As reported in the news.

week: This week marked choppy trading sessions for the market with a low start yet a slightly high ending, according to Global Times China. On Friday, the three major indexes ended slightly higher, cutting all their daily losses and closing out the week positively, as the market paid close attention to the development of global trade. In the week ending May 10, the Dow fell 2.13 percent, the S&P 500 was down 2.19 percent, and the Nasdaq lost 3.05 percent. Friday began with a disappointing note yet turned to green in the tally around market close. The S&P 500 rose 0.37 percent to 2,881.40. The Dow increased 0.44 percent to 25,942.37. (news.financializer.com). As reported in the news.

spaceport america: He declined to set a specific deadline for the first commercial flight, according to The Japan Times. An interior cabin for the company's space rocket is being tested, and pilots and engineers are among the employees relocating from California to New Mexico. Branson said Friday at a news conference that Virgin Galactic's development and testing program has advanced enough to make the move to the custom-tailored hangar and runway at the taxpayer-financed Spaceport America facility near the town of Truth or Consequences. ; Virgin Galactic CEO George Whitesides said a small number of flight tests are pending. The move to New Mexico puts the company in the home stretch, Whitesides said. Taxpayers invested over 200 million in Spaceport America after Branson and then-Gov. The manufacturing of the space vehicles by a sister enterprise, The Spaceship Company, will remain based in the community of Mojave, California. (news.financializer.com). As reported in the news.

stimulus fades: The consumer is really healthy and that's key to the U.S. economy, Aaron Clark, portfolio manager at GW&K Investment Management told Market Watch, according to Market Watch. There's strong job growth, wealth creation with stocks and real estate, and broad-based wage strength, making this one of the better environments for the consumer in a long time. As corporate tax-cut stimulus fades and the market continues to digest higher interest rates imposed last year, persistent job growth and wage gains are key to sustaining the current market rally, and pushing the S&P 500 SPX, 0.37% and Nasdaq Composite Index COMP, 0.08% above all-time highs notched in April, investors and strategists said. Over the past three months, the U.S. economy created 169,000 jobs a month, on average. Federal Reserve Bank of St. While that number has trended down since January, it is still high enough to put downward pressure on the unemployment rate, and theoretically keep wage growth trending higher. (news.financializer.com). As reported in the news.

term china: The 11th round of trade talks between China and the US wrapped up in Washington in the early morning on Saturday Beijing time, according to Global Times China. It is normal that we have small twists and turns during talks. The Chinese economy remains resilient over the medium and long term and China is not afraid, said Liu. It's inevitable, Liu said, telling reporters after the negotiation that both sides have clarified their stands and discussed the content of their next negotiation. Neither China nor the Chinese people are afraid, he added. Liu also said China will not compromise when it comes to matters of principles. (news.financializer.com). As reported in the news.

page: Once Optimize is // loaded it will call this function, which will remove the 'async-hide' // class from the html element, causing the page to become visible again. h.end i function s.class Name ' y '' ; ; // Initalizes the data Layer as an empty array if it's not already initialized // and assigns the passed Optimize container object to the data Layer's 'hide' // property, according to MSNBC. This makes the function defined above accessible globally at the // path so it can be called by Optimize. a n a n .hide h; // Creates a timeout that will call the page-showing function after the // timeout amount defaulting to 4 seconds in the event that Optimize has // not already loaded. Once Optimize is ready or 4 seconds has passed the class is removed from the html element and the page becomes visible again. param Window a The global object. param HTMLHtml Element s The html element. param string y The name of the class used to hide the html element. param string n The name of property that references the data Layer object. param number c The max time in milliseconds the page will be hidden. param Object h An object whose keys are Optimize container IDs. param undefined i unused parameter . param undefined d unused parameter . param undefined e unused parameter . / function a, s, y, n, c, h, i, d, e // Adds a class defaulting to 'async-hide' to the html element. s.class Name ' ' y; // Keeps track of the exact time that the snippet executes. h.start 1 new Date; // Creates a function and assigns it to a local variable 'i' as well as // the 'end' property of the Optimize container object. This ensures your page will not stay hidden in the // event that Optimize takes too long to load. var timer Id set Timeout function i ; h.end null; c ; h.timeout c; window, // The initial value for local variable 'a'. // The initial value for local variable 's'. 'async-hide', // The initial value for local variable 'y'. 'data Layer', // The initial value for local variable 'n'. 4000, // The initial value for local variable 'c'. 'GTM-K7MVLQC' true // The initial value for local variable 'h'. ; ga 'require', 'GTM-K7MVLQC' ; window.tdb AdBlock Status; ga 'send', 'pageview', window.ga Dimensions ; var page Depth 1; var tdb Daily Cookie if tdb Daily Cookie page Depth 1; document.cookie ' tdb24 ' page Depth '; Expires ' 'Sat May 11 2019 03 59 59 GMT 0000; path /;' window. The attack was still ongoing at 8pm local time. Krux function var var ; function function retrieve n var k 'kx' 'thedailybeast ' n, ls function try return window.local Storage; catch e return null; ; if ls return ls k ''; else if var m return m && unescape m 1 ''; else return ''; Krux.user retrieve 'user' ; Krux.segments retrieve 'segs' ; ; var utag data Militants Storm Five-Star Hotel in militants storm five-star hotel in Militants Storm Five-Star Hotel in Militants Storm Five-Star Hotel in News Half Full CultureU.S. days ago Armed Militants Storm Five-Star Hotel in Pakistan Barbie Latza security guard was killed when armed militants claiming to be members of the Majeed Brigade of the Balochistan Liberation Organization stormed the luxury Pearl Continental hotel in Gwadar on Saturday afternoon. (news.financializer.com). As reported in the news.