Mikal Bridges (Phoenix Suns) with a buzzer beater vs the Denver Nuggets, 01/23/2021
Mikal Bridges (Phoenix Suns) with a buzzer beater vs the Denver Nuggets, 01/23/2021
United Airlines is expanding its order of Boeing 737 Max airplanes and taking some deliveries sooner as it ramps up for an anticipated increase in travel demand. Chief Operating Officer Andrew Nocella said in a memo on Monday that the company placed an order for 25 new 737 Max aircraft for delivery in 2023. United has also moved up delivery of 40 previously ordered 737 Max planes to next year and five 737 Max to 2023.
Gores Holdings VIII, Inc. (the "Company"), a blank check company sponsored by an affiliate of The Gores Group, LLC, a global investment firm founded in 1987 by Alec Gores, and formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced the closing of its initial public offering of 34,500,000 units, which includes 4,500,000 units issued pursuant to the full exercise by the underwriter of its over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $345,000,000, before deducting underwriting discounts and commissions and other offering expenses payable by the Company.
One of Zimbabwe’s vice presidents has resigned following a string of reports in the local media that alleged he had affairs with several women, both married and single. Kembo Mohadi, 71, one of the country’s two vice presidents, denied on Monday that he was involved in the alleged affairs but said he was stepping down “to save the image of my government.” Both Zimbabwe’s vice presidents are single after divorces.
Defensive end, J.J. Watt, has finally found a new home. The former Houston Texans superstar is reuniting with DeAndre Hopkins on the Arizona Cardinals.
Shares of General Electric (NYSE: GE) gained more than 5% on Monday after Boeing (NYSE: BA) received an important new order for its 737 MAX aircraft. A GE joint venture makes the engines for the MAX, meaning an increase in orders for the plane should benefit GE as well. General Electric shareholders have endured a prolonged period of underperformance, with the stock off by more than 52% over the past five years.
AriensCo received a prestigious Wildlife Habitat Council (WHC) Conservation Certification for its work to restore and conserve 150 acres of ecosystem.
LEAD PLAINTIFF DEADLINE IS APRIL 27, 2021NEW YORK, March 01, 2021 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of purchasers of mutual fund shares of the Infinity Q Diversified Alpha Fund (NASDAQ: IQDAX, IQDNX) between December 21, 2018 through February 22, 2021, inclusive (the "Class Period"). All investors who purchased mutual fund shares of the Infinity Q Diversified Alpha Fund and incurred losses are urged to contact the firm immediately at email@example.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com. If you have incurred losses in the mutual fund shares of the Infinity Q Diversified Alpha Fund you may, no later than April 27, 2021, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in the mutual fund shares of the Infinity Q Diversified Alpha Fund. CLICK HERE TO JOIN CASE In a response to a United States federal inquiry, Infinity Q Capital Management announced on February 22, 2020 that it was shutting down a $1.8 billion mutual fund and that it placed James Velissaris, its founder and Chief Investment Officer, on leave, cutting off his access to accounts and trading while hiring an expert to value the fund’s holdings. The firm said it had learned the U.S. Securities and Exchange Commission (SEC) is probing whether Velissaris incorrectly valued complex derivative securities representing about 20% of the mutual fund’s reported value. Subsequently, on February 23, 2021, the Wall Street Journal published a report, “Investment Firm Halts Redemptions on $1.8 Billion Fund: Infinity Q Capital Management bans its chief investment officer from trading after discovering issues valuing the fund’s holdings”. The report stated that, “Investment firm Infinity Q Capital Management LLC asked the Securities and Exchange Commission to halt redemptions on one of its mutual funds and forbid its chief investment officer from trading after discovering issues valuing the fund’s holdings.” The article continued to state that, “[t]he fund was unable to calculate an Net Asset Value (“NAV”) on February 19, 2021, and it is uncertain when the fund will be able to calculate an NAV that would enable it to satisfy requests for redemptions of fund shares[.]” Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation. If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at firstname.lastname@example.org, or visit our website at www.whafh.com. Contact: Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq.Gregory Stone, Director of Case and Financial AnalysisEmail: email@example.com, firstname.lastname@example.org or email@example.comTel: (800) 575-0735 or (212) 545-4774 This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
President Nayib Bukele's party looks likely to win a supermajority in the legislative assembly.
Crestline Investors, Inc., an institutional alternative asset manager, today announced that its Fund Liquidity Solutions ("Crestline FLS") team was recognized as the 2020 Fund Financier of the Year in the Americas by Private Debt Investor magazine.
CALGARY, Alberta, March 01, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is providing notice the company does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 1 (Series 1 Shares) and Cumulative Redeemable First Preferred Shares, Series 2 (Series 2 Shares) on March 31, 2021. As a result, subject to certain conditions: the holders of Series 1 Shares have the right to choose one of the following options with regard to their shares: retain any or all of their Series 1 Shares and continue to receive an annual fixed-rate dividend paid quarterly; orconvert, on a one-for-one basis, any or all of their Series 1 Shares into Series 2 Shares and receive an annual floating-rate dividend paid quarterly, and the holders of Series 2 Shares have the right to choose one of the following options with regard to their shares: retain any or all of their Series 2 Shares and continue to receive an annual floating-rate dividend paid quarterly; orconvert, on a one-for-one basis, any or all of their Series 2 Shares into Series 1 Shares and receive an annual fixed-rate dividend paid quarterly. Conversion to either Series 1 Shares or Series 2 Shares is subject to the conditions that, after taking into account all Series 1 Shares and Series 2 Shares tendered for conversion: (i) if Cenovus determines there would be less than 1,000,000 Series 1 Shares outstanding after March 31, 2021, then all remaining Series 1 Shares will automatically be converted to Series 2 Shares on a one-for-one basis on March 31, 2021 and no Series 2 Shares tendered for conversion will be converted into Series 1 Shares; and (ii) if Cenovus determines there would be less than 1,000,000 Series 2 Shares outstanding after March 31, 2021, then all remaining Series 2 Shares will automatically be converted to Series 1 Shares on a one-for-one basis on March 31, 2021 and no Series 1 Shares tendered for conversion will be converted into Series 2 Shares. In either case, Cenovus will issue a news release to that effect no later than March 24, 2021. Holders of Series 1 Shares who choose to retain any or all of their shares or holders of Series 2 Shares who choose to convert to Series 1 Shares will receive the new annual fixed-rate dividend paid quarterly applicable to the Series 1 Shares for the five-year period commencing March 31, 2021 to, but excluding, March 31, 2026 of 2.577%, being equal to the sum of the Government of Canada five-year bond yield of 0.847% plus 1.73% in accordance with the terms of the Series 1 Shares, subject to the conditions described above. Holders of Series 2 Shares who choose to retain any or all of their shares or holders of Series 1 Shares who choose to convert to Series 2 Shares will receive a new annual floating-rate dividend paid quarterly applicable to the Series 2 Shares for the five-year period commencing March 31, 2021 to, but excluding, March 31, 2026. The dividend rate applicable to the Series 2 Shares for the three-month period commencing March 31, 2021 to, but excluding, June 30, 2021 will be 1.80301%, being equal to the annual rate for the most recent auction of 90-day Government of Canada Treasury Bills of 0.073% plus 1.73%, in accordance with the terms of the Series 2 Shares (the Floating Quarterly Dividend Rate), subject to the conditions described above. The Floating Quarterly Dividend Rate will be reset every quarter. Beneficial owners of Series 1 Shares or Series 2 Shares who wish to exercise the right of conversion should communicate as soon as possible with their brokers or other nominees in order to meet the deadline for registered holders to exercise such right, which is 5 p.m. ET on March 16, 2021. It is recommended this communication be had well in advance of the deadline in order to provide the brokers or other intermediaries with time to complete the necessary steps. Holders of Series 1 Shares who do not exercise the right of conversion by this deadline will continue to hold Series 1 Shares with the new annual fixed rate dividend, subject to the conditions described above. Holders of Series 2 Shares who do not exercise the right of conversion by this deadline will continue to hold Series 2 Shares with the new annual floating rate dividend, which will be reset every quarter, subject to the conditions described above. Holders of the Series 1 Shares and the Series 2 Shares will have the opportunity to convert their shares again on March 31, 2026 and every five years thereafter as long as the shares remain outstanding. Cenovus Energy Inc. Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The company is focused on managing its assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the company’s preferred shares are listed on the Toronto Stock Exchange. For more information, visit cenovus.com. Find Cenovus on Facebook, Twitter, LinkedIn, YouTube and Instagram. CENOVUS CONTACTS: Investor RelationsInvestor Relations general line403-766-7711Media RelationsMedia Relations general line403-766-7751
(Bloomberg) -- Stocks climbed as confidence returned to markets, with investors shaking off concern about the impacts of higher Treasury yields.Companies tied to economic reopenings and faster growth led the gains on Monday amid a broad-based rally. The S&P 500 was on track for its biggest advance in almost nine months, while the Russell 2000 of small caps jumped 3%. GameStop Corp. soared, adding to last week’s surge of over 150%, with retail investors promoting the stock on social-media platforms such as Reddit and StockTwits. Zoom Video Communications Inc. rose ahead of its quarterly results.Read: Stock Bulls Have Stopped Pretending to Care About Balance SheetsLonger-dated Treasuries resumed their selloff even as intermediate maturities found support, with traders priming themselves for how Federal Reserve officials slated to speak this week might respond to the recent tumult. Investors piled back into risk assets as stocks rebounded following a rout that was triggered by concern that massive stimulus as well as progress in battling the coronavirus have left some areas of the economy at risk of possibly overheating. The S&P 500 extended a rally from its March 2020 lows to almost 75%.“Equity investors are still looking at the rise in rates mostly as ‘a good thing’ and not yet as a threat, notwithstanding some shaking of the tree in high multiple stocks and other parts of the market last week,” wrote Peter Boockvar, chief investment officer at Bleakley Advisory Group. “The benefits of the vaccines versus the challenge of higher rates will be the theme this year.”Read: Investors Poured Record $86 Billion Into Equity ETFs in FebruaryBitcoin rallied after a volatile weekend session, riding a broad resurgence in risk assets and a bullish report from Citigroup Inc. The bank’s strategists laid out a case for the digital asset to play a bigger role in the global financial system, saying the cryptocurrency could become “the currency of choice for international trade” in the years ahead.There are some key events to watch this week:U.S. Federal Reserve Beige Book is due Wednesday.OPEC+ meeting on output Thursday.U.S. factory orders, initial jobless claims and durable goods orders are due Thursday.The February U.S. employment report on Friday will provide an update on the speed and direction of the nation’s labor market recovery.These are some of the main moves in markets:StocksThe S&P 500 jumped 2.2% as of 1:07 p.m. New York time.The Stoxx Europe 600 Index climbed 1.8%.The MSCI Asia Pacific Index advanced 1.8%.The MSCI Emerging Market Index rose 1.8%.CurrenciesThe Bloomberg Dollar Spot Index dipped 0.1%.The euro declined 0.3% to $1.2039.The Japanese yen depreciated 0.2% to 106.79 per dollar.BondsThe yield on 10-year Treasuries climbed four basis points to 1.45%.Germany’s 10-year yield sank seven basis points to -0.33%.Britain’s 10-year yield declined six basis points to 0.759%.CommoditiesWest Texas Intermediate crude declined 1.8% to $60.41 a barrel.Gold slid 0.5% to $1,725.49 an ounce.Silver fell 0.4% to $26.56 per ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
A long-awaited report says the US president should ignore calls for a ban on autonomous weapons.
Two special purpose acquisition companies announced mergers with space companies Monday. Spire Global, for starters, is merging with the SPAC (NSH)(ticker: NSH). Spire is a data provider to global companies.
Buy now, get the care you need later.
Former pope Benedict has chided conservative Roman Catholics who have not accepted his decision to resign as "fanatical", telling them that there is only one pope and it is Francis. Benedict, now 93, in 2013 became the first pope in more than 600 years to resign instead of ruling for life, saying he no longer had the strength to govern the 1.3 billion-member Church. Some hardline conservatives unhappy with the more liberal Pope Francis have often voiced doubts about whether Benedict stepped down willingly, even though he has said several times in the past eight years that he did.
The unprecedented events of 2020 have turned the trip of a lifetime into the trip you should take in the months ahead.
(Bloomberg) -- The European Central Bank “can and must react against” any unwarranted rise in bond yields that threaten to undermine the euro-area economy, policy maker Francois Villeroy de Galhau said.The comments by the Bank of France governor, among the strongest yet by ECB officials, encouraged investors to bet that the central bank is already stepping up its own emergency bond-buying program. While fresh data on Monday showed net purchases slowing last week, it said the figures were distorted by redemptions.The yield on 10-year Italian debt fell 10 basis points to 0.66%, its biggest decline since June.Yields are being pushed up by a global selloff of longer-term government bonds. That’s a concern for the euro zone because returns on sovereign debt are used by lenders as a reference point for their loans to companies and households.The bloc is lagging well behind the U.S. and U.K. in vaccinations, forcing it to extend virus restrictions that hurt the economy. ECB officials have been pledging for a week that they’ll act if needed, yet they’ve barely managed to stem the selling.Villeroy said part of the recent tightening of financial conditions is due to “excessive spillovers and tensions.” The ECB should start by using its pandemic emergency bond-buying program to drive down yields, he said, and “we continue to stand ready to adjust all of our instruments, as appropriate, including possibly a lowering of the deposit rate if needed.””Villeroy’s statement voices the sentiment of most analysts after last week’s events: with the euro-zone growth outlook being weighed down by slow vaccine distribution, the ECB must avoid undue policy tightening,” said Simon Harvey, senior analyst at Monex Europe. “However, talk is cheap and the market will need proof of action by the ECB after today’s bemusing data.”The ECB settled 12 billion euros ($14.5 billion) of net purchases under its emergency program, compared to 17.2 billion euros the week before. A fuller picture will be available on Tuesday when figures on the redemptions are released.The French government redeemed a 3-year bond last week, which had 31 billion euros outstanding, according to Bloomberg data.“It is unfortunate timing, if they wanted to send a signal to the market,” said Piet Christiansen, chief strategist at Danske Bank A/S. “But they would have been aware of the large redemption.”The purchase data also don’t reflect orders made Thursday and Friday, as transactions take a couple of days to settle and show up in the ECB’s accounts.Economists mostly predict the euro-area economy will contract this quarter, before starting a recovery around the spring. The bloc’s fiscal support is also smaller than in the U.S., and a breakthrough recovery fund won’t kick in until the middle of the year.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Travellers complain of having to queue for up to seven hours because of new Covid measures at border control.
One of Wall Street's leading analyst firms posted a cautiously optimistic report on Bitcoin's future.
The e-cigarette market is expected to grow by USD 29.53 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the e-cigarette market in optimistic, probable, and pessimistic forecast scenarios. Enterprises will go through the Response, Recovery, and Renew phases. Get a Free Sample Report Delivered Instantly