Rep. Jamie Raskin made opening argument in the prosecution of former President Donald Trump on Tuesday.
Rep. Jamie Raskin made opening argument in the prosecution of former President Donald Trump on Tuesday.
Here are our pop culture picks for March 8-14, including the best deals we could find for each.
S&P Global (NYSE: SPGI) will hold a virtual Special Meeting of Shareholders at 10:00 a.m. ET on March 11, 2021 in connection with its proposed merger with IHS Markit. Due to gathering restrictions from ongoing public health concerns, there will be no in-person meeting.
The "Propylene Oxide - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Tax services integration transfers data between Wave’s software and Block Advisors’ small business certified tax pros KANSAS CITY, Mo., March 08, 2021 (GLOBE NEWSWIRE) -- Paperwork, tracking income and expenses, and other accounting tasks aren’t likely why small business owners started their businesses, but complete bookkeeping records are as important to small business owners filing accurate taxes. Now, a new capability integrates access to Block Advisors small business certified tax pros with Wave, a software used by small businesses for accounting, invoicing, payments, and payroll. Block Advisors, a team within H&R Block (NYSE: HRB), and Wave Financial Inc., a subsidiary of H&R Block, bring the ability for small businesses to file their taxes easily with automatic transfers of their bookkeeping and accounting data from their Wave account to a Block Advisors small business certified tax pro. For small business owners choosing to do their own taxes, the new feature also imports business income and expenses directly into Block Advisors online DIY software. “Managing and organizing finances throughout the year is a pain point for many small business owners,” said Ian Hardman, vice president and GM of small business at H&R Block. “These ambitious and determined small business owners have built their businesses from the ground up and new features like our Tax Services Integration with Wave are meant to ease administrative burdens, so they can keep focusing on growing their businesses and doing what they love.” Throughout the year, Wave customers create detailed bookkeeping and accounting data including business income and expense records. The seamless transfer of data from their accounting records to a tax pro can save time and effort for small business owners, especially during a time when they are managing hardships stemming from the coronavirus pandemic. “Wave was created to remove the complexity of managing finances for small business owners,” said Kirk Simpson, co-founder and CEO of Wave. “Now, customers who have been using our platform to manage their finances can transition quickly into tax season with help from Block Advisors. We’re supporting small business owners from initial transaction through tax filing, while delivering a best-in-class accounting to tax solution for small businesses.” To learn more about Block Advisors and H&R Block’s year-round support for small businesses, visit blockadvisors.com. To learn more about Wave’s all-in-one accounting and business banking system, visit waveapps.com. Our small business tax professional certification is awarded by Block Advisors, a part of H&R Block, based upon successful completion of proprietary training. Our Block Advisors small business services are available at participating Block Advisors and H&R Block offices nationwide. About H&R Block H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation, financial products, and small business solutions. The company blends digital innovation with the human expertise and care of its associates and franchisees as it helps people get the best outcome at tax time, and better manage and access their money year-round. Through Block Advisors and Wave, the company helps small business owners thrive with disruptive products like Wave Money, a small business banking and bookkeeping solution, and the only business bank account to manage bookkeeping automatically. For more information, visit H&R Block News or follow @HRBlockNews on Twitter. Our small business tax professional certification is awarded by Block Advisors, a part of H&R Block, based upon successful completion of proprietary training. About Wave Financial Wave Financial Inc (waveapps.com) combines powerful financial tools with no-fee business banking designed especially for service-based small businesses. Wave’s comprehensive platform includes accounting, invoicing, payroll and payments software solutions, as well bookkeeping services. Wave Money, a no-fee business bank account, provides small business owners with quick access to payments, automates bookkeeping and creates accurate records ready for tax time. Over 400,000 small businesses rely on Wave as their smart money management solution. Wave has won awards for growth, innovation and company culture, including Deloitte Fast 50, Deloitte North American Fast 500, KPMG Fintech 100, CB Insights Fintech 250, Canadian Innovation Awards (Financial Services), Canada’s Best Workplaces and many more. Wave is a subsidiary of H&R Block. For further information H&R Block Media Relations: Angela Davied | 816-854-5798 | firstname.lastname@example.orgWave Financial Media Relations: Marsh Abraham | 416-986-0752 | email@example.com
Zendaya, Anya Taylor Joy, and tk did not come to play. From ELLE
Former Oklahoma coach Bob Stoops will replace Urban Meyer on Fox’s college football pregame show, the network announced Monday. Meyer, the former Ohio State coach, spent two seasons with “Big Noon Kickoff” before leaving to become an NFL head coach for the first time with the Jacksonville Jaguars. Stoops, 60, stepped down at Oklahoma in June 2017 after 18 years leading the Sooners.
Washington will keep the spotlight on Robinhood and other zero-commission brokers when the Senate Banking Committee holds a hearing on GameStop saga Tuesday at 10 a.m. Eastern, with expert witnesses set to warn of the dangers of financial speculation.
In 1851, before blue jeans or even cola, the world awoke to the clickity-clack of an invention capable of faithfully stitching most any fabric and the SINGER® brand was born. Seventeen decades later, the sewing industry leader remains just as valued today as it honors its 170-year legacy, releasing six new products in early 2021 and now an endearing vintage version for sewing fans everywhere.
Popcorn pickup, sanitizing stations and assigned seats are the new norm of moviegoing. Here's what you need to know before going back to theaters.
(Bloomberg) -- Oil fell the most in a week as the dollar strengthened and investors shrugged off an attack on the world’s largest crude terminal in Saudi Arabia.Global benchmark Brent futures slid 1.6% on Monday after earlier surging above $71 a barrel. The Bloomberg Dollar Spot Index rose as much as 0.5% on Monday, reducing the appeal of commodities priced in the currency. Meanwhile, the market looked past an assault on a storage tank farm at the Ras Tanura terminal on Sunday, with Saudi Arabia saying the attack was intercepted and oil output appeared to be unaffected.“There was a big ripper this morning, but the fundamentals that got it there evaporated in the face of a successful defense,” said Bob Yawger, head of the futures division at Mizuho Securities.Oil has surged more than 30% this year as OPEC+ keeps a lid on production and demand is seen recovering with economies emerging from the coronavirus crisis. Forward oil prices point toward further strength, with the Brent strip for 2022 near the highest since July 2019.Production and export capabilities following the attack in Saudi Arabia “came out relatively unscathed, so the market has taken that as a cue for some profit-taking,” said Tony Headrick, energy commodity broker at CHS Hedging. “But underlying it all is a fundamental setup that is supportive. Global crude and product inventories continue to drain down, encouraged as of late by the recent OPEC+ decision.”Meanwhile, the U.S. market continued to recover from the effects of the deep freeze that hit Texas and other parts of the country last month. Seven of 18 refineries that were affected by the cold blast -- representing over 2 million barrels a day of crude processing capacity -- were operating normally as of Monday. Physical oil prices in the U.S. have rebounded, with Mars Blend trading this month at the largest premium to Nymex oil futures in nearly three weeks.The global benchmark crude’s rally north of $70 earlier Monday may cause a headache for Asian refiners, which are warning that the rapid surge and spike in volatility will hurt demand and whittle away still-tight processing margins. Saudi Arabia has also boosted its official selling prices to buyers in the region for April.Mideast TensionsSaudi Arabia said the Ras Tanura site on the country’s Gulf coast was targeted by a drone from the sea. The terminal is capable of exporting about 6.5 million barrels a day -- almost 7% of demand -- and, as such, is one of the world’s most protected facilities. It’s the most serious attack on Saudi oil installations since a key processing facility and two oil fields came under fire in September 2019.See also: Three Reasons Attack Won’t Spike Oil Prices: David FicklingThe assault follows a recent escalation of hostilities in the Middle East region after Yemen’s Houthi rebels launched a series of attacks on Saudi Arabia. The new U.S. administration also carried out airstrikes in Syria last month on sites it said were connected with Iran-backed groups.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.
New York, New York--(Newsfile Corp. - March 8, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Leidos Holdings, Inc. (NYSE: LDOS) alleging that the Company violated federal securities laws.Class Period: May 4, 2020 and February 23, 2021Lead Plaintiff Deadline: May 3, 2021Learn more about your recoverable losses in LDOS:http://www.kleinstocklaw.com/pslra-1/leidos-holdings-inc-loss-submission-form?id=13443&from=5The filed complaint alleges that Leidos Holdings, Inc. made materially false and/or misleading statements ...
“This case is both disheartening and disturbing.”
Guidelines from federal health officials say fully vaccinated people can meet indoors without masks.
The Advertising Specialty Institute® (ASI) today announced total 2020 sales for North American promotional products distributors dropped nearly 20% in the most challenging year the industry has ever confronted. The year-over-year decline was better than expected at the beginning of the coronavirus pandemic, thanks to the industry's pivot to personal protective equipment (PPE) and strong Q4 sales.
City officials now say the event will be “converted into a different activity.”
Hilco Streambank, the world's foremost advisor in the valuation, monetization, and disposition of intellectual property, announced today that it successfully facilitated the private sale of substantially all of the assets of Varentec to Sentient Energy, a subsidiary of Koch Engineered Solutions (KES). The acquisition included all of Varentec's intellectual property, inventory, and customer contracts. Hilco Streambank was also pleased to be a part of negotiations to retain a majority of Varentec's employees. The terms of the sale have not been disclosed.
Oil futures pull back Monday to post their first loss in four sessions, after prices for the global benchmark Brent crude briefly climbed past $70 a barrel in the wake of an attack on Saudi oil facilities over the weekend.
(Bloomberg) -- Elon Musk is getting into the Texas power market, with previously unrevealed construction of a gigantic battery connected to an ailing electric grid that nearly collapsed last month. The move marks Tesla Inc.’s first major foray into the epicenter of the U.S. energy economy.A Tesla subsidiary registered as Gambit Energy Storage LLC is quietly building a more than 100 megawatt energy storage project in Angleton, Texas, a town roughly 40 miles south of Houston. A battery that size could power about 20,000 homes on a hot summer day. Workers at the site kept equipment under cover and discouraged onlookers, but a Tesla logo could be seen on a worker’s hard hat and public documents helped confirm the company’s role.Property records on file with Brazoria County show Gambit shares the same address as a Tesla facility near the company’s auto plant in Fremont, California. A filing with the U.S. Securities and Exchange Commission lists Gambit as a Tesla subsidiary. Executives from Tesla did not respond to multiple requests for comment. Shares of Tesla gave up early gains Monday, falling 6% to $562.31 as of 3:17 p.m. in New York. The stock has fallen for the past four days and is down about 20% so far this year.As winter storms pummeled Texas in February and left millions without power for days, Musk took to Twitter to mock the Electric Reliability Council of Texas, or Ercot, the nonprofit group that manages the flow of electric power to more than 26 million customers. “Not earning that R,” he wrote. Musk, 49, recently moved to Texas and his various companies are expanding operations in the state.The battery-storage system being built by Tesla’s Gambit subsidiary is registered with Ercot and sits adjacent to a Texas-New Mexico Power substation. Warren Lasher, senior director of system planning at Ercot, said the project has a proposed commercial operation date of June 1. The battery’s duration remains unclear, and Ercot couldn’t comment on the project’s capability.While Tesla is known for its sleek, battery-powered electric vehicles, it’s always been more than a car company: its official mission is to “accelerate the world’s transition to sustainable energy.” Utility-scale batteries are needed to store the electricity produced by wind and solar, but they can also become lucrative opportunities. By storing excess electricity when prices and demand are low, battery owners can sell it back to the grid when prices are high. Read More: How America’s Rich Can Escape From an Unreliable Power GridTesla has spent years expanding into residential energy technology. Back in March 2015, Musk unveiled a home battery product, dubbed the Powerwall, with a splashy event at its design studio near Los Angeles. Scores of utility and energy executives attended. A year later Tesla acquired SolarCity, the solar-panel installer founded by Musk and his cousins. Musk then hawked a “solar roof” that has gone through several iterations without becoming a strong contender in the market.But the company’s product lineup already reaches beyond the home and into the electrical grid. The Tesla Powerpack and even larger Megapack were designed with utility customers in mind. Tesla’s battery project in South Australia, launched in 2017, is adjacent to a wind farm and can store surplus electricity generated on gusty nights for daytime demand. At 100 megawatts, it was the largest battery project in the world at its launch.While Tesla’s focus on energy often takes a back seat to the increasingly competitive business of manufacturing and selling electric cars, Musk and his executive team continue to highlight energy as a key part of their growth. “I think long-term Tesla Energy will be roughly the same size as Tesla Automotive,” Musk said during an earnings call in July 2020. “The energy business is collectively bigger than the automotive business.”Tesla’s battery packs are connected to Southern California Edison’s Mira Loma substation, located east of Los Angeles. The 20 megawatt system, which has been online since December 2016, supports grid operation during peak hours and helps the utility make the most of its renewable resources. In the San Francisco Bay Area, PG&E Corp. and Tesla are constructing a 182.5 megawatt system at an electric substation in Moss Landing that should be operational by August.Tesla Energy could represent up to 30% of the company’s total revenue by the 2030s, up from roughly 6% today, according to analyst Alexander Potter of Piper Sandler. His research has highlighted the potential for Autobidder, a software platform Tesla designed for utilities. Tesla Chief Financial Officer Zachary Kirkhorn has described Autobidder as an “autonomous energy market participation system that does high-frequency trading.” Potter has a $1,200 price target on Tesla stock, the highest on Wall Street.“Tesla’s energy storage business on a percentage basis is growing faster than their car business, and it’s only going to accelerate,” said Daniel Finn-Foley, head of energy storage at Wood MacKenzie Power and Renewables. “They are absolutely respected as a player, and they are competing aggressively on price.”Musk’s empire has numerous branches in Texas, and with the billionaire’s recent relocation from California, the Lone Star state now appears set to become the center of his universe. Space Exploration Technologies Corp., or SpaceX, is building and testing Starship, a new rocket and spacecraft designed to take humans to Mars, at a facility in Boca Chica on the southern tip of the Gulf Coast. Another rocket-testing facility is located in McGregor, near Waco. Musk posted a family photo to Twitter on Monday, with the caption “Starbase, Texas.”SpaceX has posted engineering positions in Austin for a “new, state of the art manufacturing facility” for Starlink, a space-based high speed Internet service. Tesla is also building a new factory in East Austin for its forthcoming Cybertruck, an electric pickup. Gigafactory Texas, as the facility is known, will create 5,000 mid-level manufacturing jobs and is supposed to produce the first vehicles by the end of this year.Musk’s focus on Texas comes as the dominant U.S. energy hub—with its abundant natural gas, oil, solar and wind resources—is being transformed by the surging growth of renewables. For more than a century the Texas grid has transported power from large plants to customers over miles of transmission lines. The recent storms have highlighted just how fragile that legacy system is in the era of climate change. With the build out of giant batteries like those made by Tesla’s Gambit project and others, the state’s power grid could be remade around distributed generation that may prove more resilient.About 2,100 megawatts of battery storage and 37,000 megawatts of solar and wind are in advanced stages of connecting to Ercot’s grid. “It’s not only stunning but the financing is already in place,” Jigar Shah said on March 2, a day before the clean-energy pioneer was named as director of the U.S. Energy Department’s loan finance office.The Gambit project was originally developed by San Francisco-based Plus Power, a privately held renewables company that has battery operations in several states. Scott Albert, the former city manager of Angleton, said it was obvious that Plus Power was working with Tesla. A project summary available on the city’s website features images of Tesla’s utility-scale battery products, and some of Plus Power’s principal staffers previously worked at Tesla. (Plus Power confirmed its sale of the project to an undisclosed party and declined further comment.)The Gambit project is not hard to find in Angleton, a small town of roughly 3,000 people in the middle of the Brazoria National Wildlife Refuge. But people on the construction site appear to have instructions to avoid drawing attention or answering questions from passersby. A photographer who attempted to observe from the front gate was told by a worker that it was a “secretive project.” White sheets obscured what appeared to be Tesla’s modular Megapacks.In Texas, Albert said, it’s common for developers in real estate or energy to begin projects with several potential partners or purchasers waiting in the wings. It made sense to him that the project ended up with the state’s biggest billionaire. “Elon Musk has a lot of activity in Texas right now,” said Albert. “It wouldn’t surprise me if Musk is thinking about starting his own power company.”READ NEXT: After Texas Crisis, Biden’s Climate Plan Hangs on Fragile Power Grid (Updates Tesla’s share price in the fourth paragraph. Adds detail about battery duration in the sixth paragraph and Elon Musk’s family photo in the 14th 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.
Kim’s Convenience, the Canadian sitcom that airs on Netflix in the U.S. and in many countries around the world, is ending with its upcoming fifth season. The show, which has been praised for its depiction of a Korean Canadian family, had been renewed through season six but co-creators Ins Choi and Kevin White decided to […]
(Bloomberg) -- Cathie Wood’s exchange-traded funds extended their losses Monday, signaling no immediate end to the selloff that has wiped 25% from her flagship investing strategy over three turbulent weeks.That’s the longest stretch of weekly losses for the Ark Innovation ETF (ticker ARKK) since the Covid-spurred meltdown last year, according to data compiled by Bloomberg. The fund fell for a fifth day in a row, down 4.7% as of 3 p.m. in New York, with other products from Wood’s Ark Investment Management falling in lockstep.A glance at some of the biggest Ark holdings helps explain the firm’s trouble: Tesla Inc., its top bet, dropped 4.6%, while Square Inc. plunged 6.4%, and Teladoc Health Inc. declined 5.9%. All of them have been tumbling in recent weeks.Those stocks have been some of the hottest on Wall Street, surging amid a shift to online working and the election of U.S. President Joe Biden raising expectations of a policy boost for electric vehicles. Now, the prospect of rising inflation amid an economic recovery is driving up bond yields, making the highest priced equities less attractive. The Nasdaq 100 lost almost 2%, while the 10-year Treasury rate rose toward 1.6%.“The Ark funds have done so well over the past year because they had very targeted exposure to the technologies that benefited from the pandemic,” said Tom Essaye, a former Merrill Lynch trader who founded “The Sevens Report” newsletter, by phone. “Now what you’re seeing is a logical unwinding of not just what’s happening in ARKK but across the entire tech and growth spectrum.”Read more: Crash Landing on Stock Heroes of Yesteryear Is Worst in a DecadeThe prolonged run of losses across Wood’s funds represents the biggest test yet for the firm she founded in 2014. Investors poured billions of dollars into her ETFs in recent months inspired by Ark’s stellar returns in 2020.The latest data showed that Wood’s main fund recorded a small inflow on Thursday, even as it dropped 5.3%. Other funds like the Ark Next Generation Internet ETF (ARKW) and the Ark Genomic Revolution ETF (ARKG) each saw more than $180 million in outflows during the latest session. Those funds were down 4.4% and 2.9% on Monday, respectively.Short interest in ARKK, as measured by the percentage of available shares that are on loan, has climbed to a record of more than 5%, according to data from IHS Markit Ltd. Bearish bets had eased slightly on Thursday.Still, ARKK has yet to see a large-scale investor exodus despite the recent trouble, possibly due to dip buyers snapping up cheaper shares. Plus the fund is still up 114% in the past year.“For high-flying niche ETFs that hit a rough patch, money historically has left more slowly than it came in, and we expect ARKK’s flows to be similarly mixed for some time,” Eric Balchunas, ETF analyst for Bloomberg Intelligence analyst, wrote in a recent note.(Updates prices, adds analysts’ comments)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.