The day after Mike Clevinger’s early exit, the Padres seemed to be holding onto some hope that their top starter could return.
The day after Mike Clevinger’s early exit, the Padres seemed to be holding onto some hope that their top starter could return.
Senior national security officials alerted the American public Wednesday that Iran and Russia have both obtained voter data in their efforts to interfere in the 2020 U.S. election. "This data can be used by foreign actors to attempt to communicate false information to registered voters that they hope will cause confusion, sow chaos, and undermine your confidence in American democracy," Director of National Intelligence John Ratcliffe said in a surprise news conference Wednesday evening. Ratcliffe also announced that Iran was separately behind a series of threatening emails that were found to be sent this week to Democratic voters, which he said was "designed to intimidate voters, incite social unrest and damage President Trump."
(Bloomberg) -- U.S. equity futures and Asian shares retreated, and the dollar edged higher, after a top American intelligence official said that Russia and Iran have attempted to interfere in next month’s presidential election.S&P 500 contracts dropped, and shares in Tokyo, Hong Kong and Sydney saw modest losses. Treasury yields dipped, though remained above the 0.8% level. Earlier, U.S. shares closed lower after a volatile session amid signs that a U.S. stimulus package is unlikely to become law before the election. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin made progress in their latest talks and will speak again Thursday even as the odds remained long for a deal that could pass in the Senate.Elsewhere, oil dropped below $40 a barrel in New York after an industry report pointed to a surprise increase in American crude stockpiles.Voter registration information was obtained by Iran, and separately by Russia, Director of National Intelligence John Ratcliffe said at a hastily called news conference Wednesday evening in Washington. The information obtained was publicly available, and no hacking was involved, according to a U.S. official who asked not to be identified discussing the sensitive matter.Meanwhile, Chief of Staff Mark Meadows said the White House is aiming for a stimulus compromise within the next 48 hours. Senate Republicans remain on a completely different track, and there aren’t enough votes in the chamber needed to pass a multi-trillion-dollar package, according to a Senate aide. Mitch McConnell “might not mind doing it after the election,” Pelosi said.“We don’t see a stimulus package passed before the election,” Wells Fargo Securities LLC strategist Anna Han said on Bloomberg TV. “We still think the recovery will proceed and in three to six months you’re going to see that sequentially improving narrative and that’s going to help earnings growth going forward.”Elsewhere, the U.S. escalated tensions with China by adding to the list of media outlets it describes as controlled by Beijing.Here are some key events coming up:The final presidential debate before the U.S. election, between President Donald Trump and former Vice President Joe Biden, will be live from Nashville, Tennessee on Thursday.U.S. jobless claims come Thursday.These are some of the main market moves:StocksS&P 500 futures fell 0.7% as of 11:13 a.m. in Tokyo. The gauge fell 0.2% on Wednesday.Japan’s Topix index retreated 1%.Hong Kong’s Hang Seng dropped 0.6%.South Korea’s Kospi index lost 0.7%.Australia’s S&P/ASX 200 Index declined 0.6%.Euro Stoxx 50 futures dipped 0.5%.CurrenciesThe Bloomberg Dollar Spot Index gained 0.2%.The euro bought $1.1848, down 0.2%.The yen was down 0.1% at 104.69 per dollar.The offshore yuan slid 0.2% to 6.6571 per dollar.BondsThe yield on 10-year Treasuries dipped on basis point to 0.81%.Australia’s 10-year yield added two basis points to 0.82%.CommoditiesWest Texas Intermediate crude fell 0.5% to $39.85 a barrel after sliding 4% on Wednesday.Gold fell 0.2% to $1,921.35 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Dow Jones futures fell as the U.S. said Russia and Iran are attempting election interference. Tesla stock rose late on earnings, while two leaders signaled breakouts.
Popular CFD Trading platform TMGM is proudly announcing a multi-year sponsorship of the Australian Open tennis tournament, starting with the 2021 edition.
(Bloomberg) -- McAfee Corp. and its shareholders raised $740 million in an initial public offering priced within a targeted range as the cybersecurity software provider returns to the stock market.The company and some of its investors sold 37 million shares for $20 apiece Wednesday, according to a statement. McAfee had marketed 31 million shares for $19 to $22, while its shareholders offered 6 million shares.McAfee is valued in the IPO at about $8.6 billion based on the outstanding shares listed in its prospectus.The company, based in San Jose, California, was acquired by Intel Corp. in a 2010 deal. In 2016, Intel announced that it had signed an agreement to transfer a 51% stake in McAfee to the investment firm TPG for $1.1 billion. The transaction valued the spun-off company at $4.2 billion, including debt.Current backers listed in McAfee’s prospectus include TPG, Intel, Singapore’s sovereign wealth fund GIC Pte and the private equity firm Thoma Bravo.Loss to ProfitFor the 26 weeks ended June 27, McAfee had net income of $31 million on revenue of $1.4 billion, according to its filings. That compared with a loss of $146 million on revenue of $1.3 billion for the comparable period last year.The offering is being led by Morgan Stanley, Goldman Sachs Group Inc., TPG Capital BD, Bank of America Corp. and Citigroup Inc. McAfee’s shares are expected to begin trading Thursday on the Nasdaq Global Select market under the symbol MCFE.The company was founded in 1987 by John McAfee. Since selling to Intel, McAfee has gone through a series of personal legal challenges.He was a person of interest in a 2012 murder in Belize, though not charged with a crime. Last year, he was detained in the Dominican Republic for entering the country with a cache of firearms and ammunition.The firearms charges were announced just hours after the U.S. Securities and Exchange Commission sued McAfee for promoting the sale of cryptocurrencies without disclosing that he was being paid to do so. This month, he was arrested on tax-evasion charges for allegedly failing to report that income.(Updates with revenue and income in sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The adoption of e-commerce and rise of digital payments have been some of 2020’s key trends. PayPal (PYPL) has been one of the prime beneficiaries. The evidence was clear to see in its Q2 performance - PayPal’s strongest quarter since becoming an independent public company.The market has rewarded the performance, and shares are up by 97% year-to-date.Heading into Q3’s earnings announcement on November 2, Deutsche Bank analyst Brian Keane expects PayPal’s excellent execution to continue.“We expect PYPL to deliver solid 3Q20 results with potential for upside and strong continued momentum over the next few years as the company monetizes new users, drives expanding engagement, benefits from new wins ramping up, and delivers on new products and initiatives such as Venmo monetization, including the recent Venmo Credit Card launch, QR codes in-store, and Pay in 4 installments solution,” Keane said.The monetization of Venmo - PayPal’s peer-to-peer payment app – has been very valuable to the company. Keane expects the recently launched Venmo Credit Card to “gain significant adoption.”“Importantly,” Keane notes, “The credit card will carry better economics than the debit card, driving incremental revenue, better take rate, and margins.”Venmo has been a stellar act this year. Its user base grew from approximately 52 million in FY19 to over 60 million in 2Q20.Keane expects Venmo revenue to increase by 73% year-over-year in FY20 to roughly $647 million “despite instant transfer fees being waived through the pandemic and PYPL doubling the debit card cash back rewards.”But on top of the growing demand for PayPal’s products and services, the opportunities presented by the pandemic have led the company to focus on other initiatives.The viral outbreak has resulted in further adoption of contactless in-store payments. The recent launch of integrated QR code functionalities in PayPal’s digital wallet in 28 countries “could drive strong volumes over time for PYPL and Venmo complementing the company’s digital wallet and physical cards in-store.”And while 2020’s macro environment has been challenging to many, Keane believes “the shift in consumer behaviors has created a unique opportunity for the company’s long-term strategy on becoming an everyday essential service.”All in all, Keane reiterated a Buy rating on PYPL shares along with a $234 price target, which implies a 10% upside from current levels. (To watch Keane’s track record, click here)There’s similar sentiment across the Street. Based on 25 Buys and 5 Holds, the analyst consensus rates the stock a Strong Buy. However, given the $223.54 average price target, shares are poised to stay range-bound for now.(See PYPL stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
The United States and China dealt with the spread of the devastating coronavirus pandemic in vastly different ways, and that split is reshaping the global battle between the world's two leading economies. About 11 months after the Wuhan outbreak, China's official GDP numbers this week show not only that the economy is growing, up 4.9% for the third quarter from a year earlier, but also that the Chinese are confident enough the virus has been vanquished to go shopping, dine and spend with gusto. China's total reported death toll is below 5,000 and new infections are negligible, the result of draconian lockdowns, millions of tests, and strict contact tracing that set the stage for an economic rebound.
Mexico's deputy finance minister Gabriel Yorio will on Thursday close LatinFinance's annual Cumbre Financiera Mexicana, co-hosted with the State of Mexico, with an exclusive interview on the federal government's response to the pandemic crisis and the road to economic recovery. His remarks will follow a full day of discussion, as policy-makers, corporate executives, investors and financiers, both domestic and international, gather virtually for this landmark event.
International observers on Wednesday declared Bolivia's presidential election transparent and Luis Arce's incoming government legitimate as an official but not yet complete tally showed an overwhelming victory for the leftist.
CSOP Asset Management Limited ("CSOP") announce the listing of CSOP Yinhua CSI 5G Communications Theme ETF (stock ticker: 3193.HK) on Hong Kong Stock Exchange. As one of the first batch of ETFs under the HKEX and SZSE ETF cross-listing scheme, 3193.HK will track the performance of the CSI 5G Communication Index, before deduction of fees and expenses, by investing in the CSI 5G Communication ETF listed on SZSE via the RQFII quota. With listing price at around HKD 8.1 per unit, trading lot of 100 and management fee of 0.99%, CSOP Yinhua CSI 5G Communications Theme ETF will start to trade on October 23, 2020.1 Upon inception, 3193.HK has received around USD 5 million initial investment. On the same day, the feeder ETF investing in CSOP’s HKEX listed ETF - ICBC CSOP S&P China New Sectors ETF (3167.HK) will also list on Shen Zhen Stock Exchange. The feeder ETF has already brought CNY 900 million inflows to 3167.HK, doubling its size of the master fund. 2
The Proud Boys, a far-right group with a history of violent confrontations, denied responsibility and condemned the emails: "It wasn't us."
The latest revelations about Russia and Iran obtaining American voters' registration records throws a bombshell twist into the presidential campaign less than two weeks before the election. The announcement by the US Director of National Intelligence John Ratcliffe and the FBI director Christopher Wray made clear that foreign powers were using the data to send threatening emails to voters and to undermine confidence in the election. The fact that these two powers are trying to shape the outcome of the US presidential election should surprise nobody. In fact, back in July US intelligence agencies publicly warned that Russia, Iran and China were all seeking to meddle in the presidential race. US intelligence agencies offered a second, detailed briefing in August with a wealth of detail on who the foreign actors were targeting and how they were for doing so. During the briefing William Evanina, director of the US National Counterintelligence and Security Centre, said the US believed that China hoped that Donald Trump would lose, because Beijing saw the president as "unpredictable". Mr Evanina said that China had grown increasingly critical of the Trump administration because of its hostile actions against Beijing - from blaming China for the coronavirus pandemic to criticising the country's authoritarian crackdown in Hong Kong and pushing allies not to use its 5G technology. On Iran, the counterintelligence director said that the country was working against Mr Trump's re-election because of his hardline "pressure" campaign against Tehran. “We assess that Iran seeks to undermine US democratic institutions, President Trump, and to divide the country in advance of the 2020 elections," he said. “Iran’s efforts along these lines probably will focus on on-line influence, such as spreading disinformation on social media and recirculating anti-US content." By contrast US intelligence assessed that Russia was working to denigrate Mr Trump's Democratic opponent, Joe Biden, because of his policies on Ukraine during the Obama administration. Mr Evanina said the measures were consistent with Moscow's public criticism of Mr Biden while in office, when he supported Ukraine's autonomy from Russia. “Some Kremlin-linked actors are also seeking to boost President Trump’s candidacy on social media and Russian television,” Mr Evanina said. But such tactics were going on well before 2020. In America's 2018 midterm elections, the US Justice Department actually brought a criminal case over alleged Russian interference. The charges were against Elena Khusyaynova, a 44-year-old Russian-based accountant who was accused of taking part in a $10 million scheme on targeted social media ads and web postings intended “to sow division and discord in the US political system.” The complaint alleges the effort targeting the 2018 election was part of a broader campaign dubbed Project Lakhta, with the Russian Internet Research Agency at the center of the endeavours. During the 2018 races, “Russia, and other foreign countries, including China and Iran, conducted influence activities and messaging campaigns... to promote their strategic interests,” said Dan Coats, who was Director of National Intelligence at the time. Mr Coats offered little detail, but said officials found that Russia continued to use social media, fake personas and Russian state media outlets in the hope of polarising US voters. And of course there was Russia's infamous 2016 election meddling campaign. Russia's Internet Research Agency set up thousands of social media accounts designed to smear Hillary Clinton, the Democratic candidate. In addition, Kremlin-backed figures hacked the Democratic National Committee and Clinton campaign officials and publicly released damaging emails at strategic points during the election campaign. Moscow's pervasive meddling attempts were thoroughly examined during a two year federal investigation which led to charges against 26 Russians and three Russian organisations. Robert Mueller, the special counsel who led the probe, later said the findings on Russian interference "deserves the attention of every American". That warning was repeated during Wednesday night's briefing, with FBI director Mr Wray urging voters: "be thoughtful, careful and discerning consumers of information online".
Family and loved ones return to the scene of a double shooting in northeast Baltimore to remember a teen killed as her boyfriend recovers in the hospital.
The 2020 CMT Music Awards were Wednesday night, with the night’s top awards going to Carrie Underwood and Luke Bryan.Other winners included Dan + Shay, Old Dominion and newcomer Gabby Barrett. Underwood extended her run as the queen of the CMT Music Awards with her sixth straight win for Female Video of the Year as well as the night’s top prize, Video of the Year. With a career total of 22 CMT Music Awards, Underwood remains the most-awarded artist in the show’s history.Hosted by country stars Ashley McBryde, Kane Brown and “Modern Family” star Sarah Hyland, the ceremony was broadcast on CMT as well as sister networks MTV, MTV2, Logo, Paramount Network, Pop and TV Land. It featured performances by Ashley McBryde, Shania Twain, Sam Hunt and Little Big Town, among others.Also Read: Kelsea Ballerini, Dan + Shay, Ashley McBryde Among Top Nominees for '2020 CMT Music Awards'Jennifer Nettles was awarded the inaugural “CMT Equal Play Award,” honoring her “ongoing advocacy for women and diverse voices in the music industry, as she works tirelessly towards gender parity in country music and beyond,” the network said.See the full list of winners below.Video of the Year Ashley McBryde – “One Night Standards” Blanco Brown – “The Git Up” Carrie Underwood – “Drinking Alone” — WINNER Dan + Shay – “I Should Probably Go To Bed” Keith Urban – “Polaroid” Kelsea Ballerini – “homecoming queen?” Little Big Town – “Sugar Coat” Luke Combs – “Beer Never Broke My Heart” Miranda Lambert – “Bluebird” Old Dominion – “Some People Do” Sam Hunt – “Hard To Forget” Tanya Tucker – “Bring My Flowers Now” The Chicks -“Gaslighter” Thomas Rhett – “Remember You Young”Female Video of the Year Ashley McBryde – “One Night Standards” Carrie Underwood – “Drinking Alone” — WINNER Gabby Barrett – “I Hope” Kelsea Ballerini – “homecoming queen?” Maren Morris – “The Bones” Miranda Lambert – “Bluebird”Male Video of the Year Jason Aldean – “Got What I Got” Luke Bryan – “One Margarita” — WINNER Luke Combs – “Even Though I’m Leaving” Morgan Wallen – “Chasin’ You (Dream Video)” Sam Hunt – “Hard To Forget” Thomas Rhett – “Remember You Young”Group Video of the Year Lady A – “Champagne Night” Little Big Town – “Wine, Beer, Whiskey” Midland – “Cheatin’ Songs (Live From the Palomino)” Old Dominion – “One Man Band” — WINNER The Chicks – “Gaslighter” The Highwomen – “Crowded Table”Duo Video of the Year Brothers Osborne – “All Night (Studio Performance)” Dan + Shay – “I Should Probably Go To Bed” — WINNER Florida Georgia Line – “Blessings” LOCASH – “One Big Country Song” Maddie & Tae – “Die From A Broken Heart”Breakthrough Video of the Year Blanco Brown – “The Git Up” Caylee Hammack – “Family Tree” Gabby Barrett – “I Hope” — WINNER Ingrid Andress – “More Hearts Than Mine” Riley Green – “I Wish Grandpas Never Died” Travis Denning – “After a Few”Collaborative Video of the Year Blake Shelton with Gwen Stefani – “Nobody But You” — WINNER Carly Pearce and Lee Brice – “I Hope You’re Happy Now” Dan + Shay & Justin Bieber – “10,000 Hours” Kane Brown feat. Nelly – “Cool Again” Marshmello & Kane Brown – “One Thing Right” Thomas Rhett featuring Jon Pardi – “Beer Can’t Fix”CMT Performance of the Year Ashley McBryde – “One Night Standards” (From CMT Artists of the Year) Brooks & Dunn and Luke Combs – “Brand New Man” (From CMT Crossroads) Chris Young – “Drowning” (From CMT Artists of the Year) — WINNER Halsey and Kelsea Ballerini – “Graveyard” (From CMT Crossroads) Sam Hunt – “Fancy” (From CMT Artists of the Year) Sheryl Crow and Chris Stapleton – “Tell Me When It’s Over” (From CMT Crossroads)Read original story 2020 CMT Music Awards: Complete Winners List At TheWrap
Houston ISD's online dashboard reports 90 COVID-19 cases, including 80 staff members and 10 student cases.
Oil prices dropped in early trade on Thursday, adding to heavy losses overnight, after a build in U.S. gasoline inventories pointed to a deteriorating outlook for fuel demand as coronavirus cases soar in North America and Europe. U.S. gasoline stocks rose by 1.9 million barrels in the week to Oct. 16, the Energy Information Administration (EIA) said, compared with expectations for a 1.8 million-barrel drop. With new daily COVID-19 infections hitting records in several U.S. states and in Europe, new lockdowns and China's clampdown on outbound travel to help stem the spread of the disease bode ill for fuel demand.
The justices’ 5-3 ruling removes a coronavirus accommodation that had been ordered by a federal judge.
Five players missed practice, and another seven were limited during Wednesday's practice.
The IPO valued McAfee, which is backed by U.S. private equity firms TPG and Thoma Bravo, at $8.6 billion based on total outstanding shares. The company also had $4.8 billion in debt as of the end of June.
The vote came amid an ongoing regulatory inquiry into alleged misconduct at Crown which has raised doubts over its fitness to run casinos in the state of New South Wales, just as its A$2.2 billion ($1.6 billion) gaming development nears completion on Sydney's waterfront. Crown's directors and one-third owner James Packer have admitted under questioning at the inquiry that they had issued misleading public statements about the company's involvement with Chinese junket operators potentially linked to organised crime. The inquiry also heard that Packer - who stepped down from the board in 2018 citing mental health issues - continued to receive trading updates and orchestrated takeover proposals despite having no formal role other than shareholder.