Vandals splattered the pig's blood on this home at 3 a.m. Saturday, and left a decapitated pig's head on the front porch.
Vandals splattered the pig's blood on this home at 3 a.m. Saturday, and left a decapitated pig's head on the front porch.
Ryan Seacrest declared, “I wish we could have four winners: ‘The winner is, the winner is, the winner is, the winner is!’” But sadly, someone had to go.
Bitcoin dropped to a three-month low on Monday as investors sold cryptocurrencies in the wake of Tesla boss Elon Musk's hinting over the weekend that the carmarker is considering or may have already sold some of its bitcoin holdings. Musk has boosted crypto markets with his enthusiasm for the asset class, but has lately roiled trade by appearing to cool on bitcoin in favour of its one-time parody, dogecoin. Bitcoin fell more than 9% on Monday to $42,185, its lowest since Feb. 8, while ether, linked to the ethereum blockhain, fell about 8% to $3,227.22.
(Bloomberg) -- AT&T Inc. is preparing to spin off its media business and merge it with Discovery Inc. in a tax-friendly deal, according to people with knowledge of the matter, a surprise reversal for a company that spent $85 billion to acquire the assets less than three years ago.A deal could be announced as soon as this week, said the people, who asked not to be identified because the information is private. The transaction will be structured as a so-called Reverse Morris Trust, or a merger with another company that’s structured to be tax-free, one of the people said.The idea is to combine Discovery’s reality-TV empire with AT&T’s vast media holdings, building a business that would be a formidable competitor to Netflix Inc. and Walt Disney Co. Any deal would mark a major shift in AT&T’s strategy after years of working to assemble telecommunications and media assets under one roof. AT&T gained some of the biggest brands in entertainment through its acquisition of Time Warner Inc., which was completed in 2018.The talks likely value the AT&T business at over $50 billion including debt and an agreement could come by Monday, Dow Jones reported, citing people familiar with the matter. The people warned that the talks could still fall apart, Dow Jones said. The new company is expected to be led by Discovery Chief Executive Officer David Zaslav, it reported. The deal would underscore the difficulty telecom companies like AT&T and Verizon Communications Inc. have had finding a payoff from their media operations. Through its WarnerMedia unit, AT&T owns CNN, HBO, Cartoon Network, TBS, TNT and the Warner Bros. studio. Discovery, backed by cable mogul John Malone, controls networks such as HGTV, Food Network, TLC and Animal Planet.Zaslav has helped Discovery grow through acquisitions, including a purchase of HGTV owner Scripps Networks Interactive Inc. that closed in 2018. Discovery’s class A shares have risen more than 18% this year, valuing the company at almost $24 billion. AT&T has gained 12%, giving it a market capitalization of $230 billion.The companies are still negotiating the structure of a transaction, and details could change or the talks could fall apart, the people said. Representatives for AT&T and Discovery declined to comment.Selling AssetsAT&T CEO John Stankey has been cleaning house at the sprawling telecom titan, cutting staff and selling underperforming assets. The company has been funneling money into rolling out its 5G wireless network, which requires billions of dollars of investment, as well as expanding its fiber-optic footprint.The carrier has been boosting movie and television production to attract subscribers to its HBO Max streaming service. It also needs cash to pay down debt. AT&T became one of the world’s most indebted companies after an acquisition spree, and though it’s been paying down what it owes, it now has bills from a recent spectrum auction.AT&T was the second-highest bidder in the Federal Communications Commission’s sale of airwaves, committing $23 billion. Verizon, the top bidder, agreed to pay $45 billion dollars.Any move involving AT&T’s content assets would come just months after it reached a deal to spin off its DirecTV operations in a pact with buyout firm TPG. AT&T also agreed in December to sell its anime video unit Crunchyroll to a unit of Sony Corp. for $1.2 billion.And the company has parted with its Puerto Rico phone operations, a stake in Hulu, a central European media group and almost all its offices at New York’s Hudson Yards.Stankey’s predecessor at AT&T, longtime CEO Randall Stephenson, spent his 13-year tenure bulking up the company. He was obsessed with deals and kept a color-coded roster of companies he wanted AT&T to buy, leading to 43 acquisitions.But critics such as activist investor Elliott Management Corp. have complained about the strategy, urging AT&T to focus on its core business. And now that’s just what Stankey is doing.In wireless services, AT&T is playing catch-up with Verizon, the market leader, and T-Mobile US Inc., which became the No. 2 carrier after gobbling up Sprint Corp. Verizon has made its own efforts to slim down. The company agreed this month to sell its media division to Apollo Global Management Inc. for $5 billion, a move that will offload online brands like AOL and Yahoo.The Discovery deal could give the combined company enough programming to compete with Netflix and other streaming services in a global battle over the future of entertainment. In 2019, Disney bought 21st Century Fox Inc.’s entertainments assets for $71 billion, largely to gain enough muscle to constantly refresh its streaming services. It launched Disney+ in November 2019 and already has more than 100 million subscribers.Both Discovery and AT&T’s media unit, WarnerMedia, have recently made their own forays into streaming. Discovery has debuted Discovery+, which has a vast array of unscripted reality shows. AT&T, meanwhile, has made a big bet on HBO Max, which launched a year ago and includes HBO programming and movies from AT&T’s Warner Bros. studio. Both companies are quickly expanding their streaming services around the world.Cable NetworksDiscovery and WarnerMedia also own a portfolio of cable channels that remain profitable but are losing subscribers as more people abandon pay-TV service and adopt streaming. And AT&T’s CNN is looking for new ways to maintain its audience after the busy news cycle of the Trump years. TNT and TBS have some general entertainment shows, but their most attractive assets may be their sports rights to air professional baseball, basketball and hockey. Discovery, meanwhile, has the rights to broadcast the Olympics and professional golf outside the U.S.Combining such assets would be complex, as the two companies have numerous long-term deals in place with pay-TV companies. A merged company would also have to choose a leader between WarnerMedia CEO Jason Kilar and Discovery’s Zaslav.The deal would be an acknowledgment by AT&T that it hasn’t delivered on the promise of owning distribution and media assets. The strategy has been criticized before, with analysts suggesting the two could be more valuable if kept separate.‘Fool’s Gold’Rich Greenfield, an analyst at LightShed Partners, has argued that AT&T and Comcast Corp., the cable provider that owns NBCUniversal, should spin off their media assets and combine them in a new company. He has called the promise of owning distribution and programming “fool’s gold.”On Sunday, Greenfield tweeted that he could “certainly imagine the secularly declining Turner assets merged with Discovery for scale,” but added that it was “harder to imagine” HBO Max and AT&T’s Warner Bros studio being part of a combined company.What Bloomberg Intelligence Says“AT&T’s potential combination of media assets with those of Discovery could provide the Turner properties with access to an international streaming platform while expanding the content library available to HBO Max. Our calculations suggest Turner’s assets alone, which include CNN, TNT and TBS, may be worth $40-$45 billion in a sale, which we view as an attractive alternative given AT&T’s need to fund its 5G and fiber build-out and pay down debt.”John Butler, senior telecom analystClick here to read the research.At an investor conference last week, WarnerMedia’s Kilar defended the need for WarnerMedia to be owned by AT&T, saying the telecom company had invested billions of dollars in HBO Max and broken down silos within the company to create a single operating unit. He added that AT&T’s phone and broadband customers were less likely to cancel if they got HBO Max, and many of HBO Max’s subscribers were AT&T customers.Kilar irked the Hollywood establishment with his decision in December to release all of WarnerMedia’s movie slate on HBO Max at the same time the films hit theaters. But its recent movies have performed well at the box office, helping soothe concerns.Kilar spoke about the growth strategy of WarnerMedia under AT&T in a Wall Street Journal interview published last week.Now he may face a more daunting challenge: helping piece together a patchwork of media businesses to create an entity that can thrive in the streaming age.(Updates with Dow Jones report in fourth paragraph.)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.
(Bloomberg) -- Taiwan stocks slumped, extending their biggest rout in more than a year, as the government tightened restrictions on people and businesses to control its worst outbreak of the coronavirus.The Taiwan Stock Exchange Weighted Index slid as much as 4.2% in Taipei as authorities urged companies to allow staff to work from home or split locations after reporting a record 206 new local cases Sunday. The benchmark gauge sank 8.4% last week on concern about the impact on growth, the most since March 2020, turning Taiwan stocks into the world’s worst performers so far this month.Taipei City to Close Schools After Surge in Local CasesForced selling may add volatility to Monday’s trading, with the level of margin debt falling by a net NT$5.8 billion ($207 million) on Friday, according to exchange data compiled by Bloomberg. That took the four-day drop in leverage to NT$39.4 billion, showing traders faced margin calls by brokers to cover losses in their stock accounts.The sharp reversal in Taiwan stocks is a warning to highly leveraged investors around the world. The Taiex was the world’s best performing equity gauge in the three years through April, surging almost 80% in U.S. dollar terms, as a seemingly never-ending rally in tech shares pulled in retail investors.“In light of rising concerns over the pandemic, we expect more volatility ahead, and advise to stick to defensive names with low P/E and high dividend yield,” said Patrick Chen, CLSA’s Head of Taiwan Research. His team’s top picks include Taiwan Semiconductor Manufacturing Co. and Hon Hai Precision Industry Co.Travel and consumption-linked names were among the big losers in the market on Monday. Restaurant operators Gourmet Master Co. and Wowprime Corp. plunged almost 10% each, while shares of Formosa International Hotels Corp. and The Ambassador Hotel slumped at least 5% each.Taiwan and Singapore are among the Asian regions that have seen a fresh wave of Covid-19 cases in recent days, and both have tightened virus-related restrictions. Singapore’s stock benchmark slid as much as 0.9% on Monday before erasing the loss.Taiwan’s stock exchange urged investors not to overreact. The latest development in Covid fighting is relatively controllable, and the fall in stock market last week should be already priced in the situation, the bourse said in a statement issued late Sunday night, adding that stabilizing measures will be adopted if the market becomes irrational.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.
(Bloomberg) -- Gold climbed to the highest in more than three months as bond yields dropped and U.S. retail stalled, while parts of Asia grappled with a spike in coronavirus cases.The yield on 10-year Treasuries declined following a report Friday that showed retail sales were essentially unchanged in April, missing expectations for a 1% gain. Federal Reserve Bank of Cleveland President Loretta Mester played down signals from data that she warned will be volatile as the economy reopens and stated that the U.S. central bank’s policy is in a good place right now.After slumping in the first quarter, gold has been on the mend amid uncertainty over the pace of the global recovery from the pandemic, rising inflation expectations and assurances from the Fed that monetary policy will remain accommodative. Investors may be warming up to the precious metal again, with hedge fund managers increasing their net bullish gold bets to the highest in three months, while data compiled by Bloomberg show holdings in bullion-backed exchange traded funds climbed for a sixth straight day.“Poorer economic readings alleviated investors’ concerns about tapering Fed stimulus,” said Margaret Yang, a strategist at DailyFX.Spot gold rose as much as 0.5% to $1,853.14 an ounce, the highest since Feb. 10, and was at $1,852 by 12:04 p.m. in Singapore. Silver, platinum and palladium all gained. The Bloomberg Dollar Spot Index was up 0.1%.On the virus front, Singapore and Taiwan, success stories in containing Covid-19, are both rapidly imposing aggressive restrictions at home and tightening travel between each other. China is facing a flare up, and Thailand is having its worst wave of cases.“Rising demand for safety and inflation-hedges may have provided good support for bullion prices, as several Asia-Pacific economies are facing a new wave of Covid-19 outbreaks,” Yang said.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.
I-95 has reopened in both directions following a fire at FDR Park that had all lanes shutdown early Sunday morning in South Philadelphia.
The play-in tournament is set to start Tuesday night with four Eastern Conference teams squaring off.
Tyler Graovac (Vancouver Canucks) with a Goal vs. Calgary Flames, 05/16/2021
Portland jumps out to 43-22 first-quarter lead in must-win game vs. Nuggets.
The Associated Press said Sunday it wants an independent investigation of Israel's decision to raze its longtime office building in Gaza City. Israel said it leveled the 12-story al-Jalaa tower, which also housed Al-Jazeera and other media organizations, on Saturday because it was being used by Hamas for military intelligence and weapons development. AP executive editor Sally Buzbee pointed out Sunday that Israel has not provided any evidence Hamas was using the building. Nor was AP aware, it its 15 years in the office, it was sharing a building with Hamas, she said. "We heard Israelis say they have evidence; we don't know what that evidence is," Buzbee told CNN. "We think it's appropriate at this point for there to be an independent look at what happened yesterday — an independent investigation." Reporters Without Borders (RSF), a Paris-based media watchdog organization, asked the International Criminal Court to investigate Israel's bombing of the media tower and its evident "intentional targeting of media organizations and intentional destruction of their equipment" as a possible war crime. Israel said it will provide evidence that Hamas was using the building to the U.S. through intelligence channels. "We're in the middle of fighting," Israeli military spokesman Lt. Col. Jonathan Conricus said Sunday. "That's in process and I'm sure in due time that information will be presented." AP reporter Fares Akram described fleeing the al-Jalaa tower after being told he had 10 minutes to vacate the office, probably forever: What did I need? I grabbed my laptop and a few other pieces of electronics. What else? I looked at the workspace that had been mine for years, brimming with mementos from friends, family, and colleagues. I chose just a handful: a decorative plate bearing a picture of my family. A coffee mug given me by my daughter, now living safely in Canada with her sister and my wife since 2017. A certificate marking five years of employment at AP. I started to leave. Then I looked back at this place that had been my second home for years. I realized this was the last time I might ever see it. It was just after 2 p.m. I looked around. I was the last person there. I put on my helmet. And I ran. [Fares Akram, The Associated Press] You can read the rest of Akram's account at The Associated Press, and watch a video of the hurried evacuation below. More stories from theweek.comPoll: Most GOP voters think 2020 election was illegitimate, but lawmakers should prioritize other issues7 scathingly funny cartoons about Liz Cheney's ousterManhattan prosecutors are reportedly investigating if Trump paid tuition of CFO's grandkids
(Bloomberg) -- Global funds have piled back into short selling South Korean stocks in the two weeks since authorities lifted a ban on the divisive investment strategy.While the benchmark Kospi Index has held up amid a decline in regional peers during this period, pain has been felt in Korean stocks favored by the nation’s legions of retail traders.Short selling has been most evident in healthcare and technology stocks popular with mom-and-pop investors, as well as shares of companies that missed inclusion in MSCI Inc.’s indexes. With overseas funds betting against 6.1 trillion won ($5.4 billion) worth of Korean stocks over the period, there has been a net outflow of money abroad from the country’s share market.Jo Yelin, who works for a Seoul-based software startup firm and trades shares in her spare time, is looking to ride out any dips in the market with a conservative approach. She’s also drawing on lessons learned from dabbling in U.S. equities, where a battle between retail traders and short sellers has pushed stocks like GameStop Corp. to dramatic highs and lows.“I’m not going into any companies that could see similar events,” said 30-year-old Jo, who is one of Korea’s estimated 9 million individual equity investors and holds some of the most-shorted stocks, including Samsung Electronics Co. and Naver Corp. “I only have blue chips so I’m not too worried. I expect they’ll go up eventually.”Bio-pharmaceutical company Celltrion Inc. was the most shorted stock by value in the first seven days since the ban was lifted, with 235 billion won worth of bets against its shares.The stock slumped 6.2% to a six-month low on May 3 but has clawed back its losses since then. Retail traders didn’t lose hope, adding more Celltrion shares to their portfolios in the period through May 12.The favorite stocks of individual investors over the seven days, measured by net purchases, were Samsung, Naver and Hyundai Motor Co. Samsung and Naver were also the third and 13th most shorted-stocks by value and dropped over the two weeks since the ban lifted. Hyundai is up, despite being 10th on the target list of short sellers.It remains difficult to determine precisely how much of the moves in Korea have been caused by short selling given the recent pullback in global equities, particularly tech stocks. And it is also important to note that the resumption of short selling has been limited to 351 large-cap stocks in the Kospi 200 and the Kosdaq 150 indexes.The benchmark Kospi looked set to close lower on Monday as foreign investors extended net selling for a fifth session.Rather than being a cause for alarm, some observers like CLSA Korea analyst Paul Choi argue the investment strategy simply helps make the market more efficient.“The absence of short selling sometimes makes things more volatile because a stock can run up much more, then fall from a higher point,” said Choi. He expects a large amount of shorting to continue in areas where valuations are stretched, such as the bio-tech sector.Below are key figures in trading by short sellers and retail investors in data from May 3 to 12.Source: Korea Exchange, Bloomberg(Updates with Kospi trading lower on Monday in fourth-last paragraph)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.
‘I am 65 and get a monthly pension of $800 and receive $1,800 Social Security every month. I have no savings, and own two properties.’
It was done by Baron, then Steph. But this one has to be the best rendition yet!
The Snapdragon 888 5G powers the Xiaomi Mi11, the most powerful and sought after chipset in smartphones today.
Location: Basra, IraqThis is how to cook an ancient Mesopotamian recipeIt’s called masmoutaCooks dry seasoned fish for ten daysCoarse sea salt helps keep the fish wholeThen, the fish is cooked into a soupIt is traditionally eaten on the first day of the Muslim holiday, Eid al-FitrEid al-Fitr marks the end of the fasting month of Ramadan(SOUNDBITE) (Arabic) 60-YEAR-OLD 'MASMOUTA' SELLER AT BASRA MARKET, SAID FADEL, SAYING:"Most people want 'masmouta' at the beginning of the Eid. Why then? Because they have low level of salts, so this compensates for a whole month, so they eat it on the day of Eid early morning."The recipe is believed to have been passed through generationsToday, it’s prepared with a special curry using Indian spices
The following are the top stories in the Wall Street Journal. - Microsoft Corp's board members decided that Bill Gates needed to step down from its board in 2020 as they pursued an investigation into the billionaire's prior romantic relationship with a female Microsoft employee that was deemed inappropriate, people familiar with the matter said. - AT&T Inc is in talks to combine its sprawling WarnerMedia division with Discovery Inc, according to people familiar with the matter.
On Saturday, May 15, Clark Atlanta University received a total of $5 million in gifts and donations at its 2021 Commencement ceremonies. This day was a historic day for Clark Atlanta University as it's the first time in the institution's history that such donations were made in one day in addition to the university hosting two commencement ceremonies in a single day.
A group of high school girls gathered at Heebner Park in Collegeville, Pennsylvania to compete in a championship flag football game on Sunday.