Police are searching for the suspects who stole a three-foot-tall Stormtrooper statue from outside a business on Long Island.
Police are searching for the suspects who stole a three-foot-tall Stormtrooper statue from outside a business on Long Island.
Five Mets pitchers combined to hold the Braves to one run on three hits in a 3-1 win, but all thoughts were on Kevin Pillar following a frightening incident after the outfielder was hit by a pitch in the face.
(Bloomberg) -- The Tokyo Stock Exchange is considering expanding trading hours for cash equities in a move designed to attract retail investors and foreign traders, the Nikkei newspaper reported on Monday, without citing anyone.The bourse, which currently ends trading at 3 p.m. Tokyo time, is considering expanding hours into the afternoon or evening in a change that could be in time for a system renewal in 2024, the report said. An advisory body plans to meet as early as this week and solicit opinions from brokerages and institutional investors, according to the Nikkei.If realized, the move would be the first significant change in trading hours in Tokyo in over a decade. In 2011, the exchange shortened its lunch break by 30 minutes to the current one hour. The Tokyo exchange now trades between 9 a.m. and 3 p.m. local time, with the break between 11:30 a.m. and 12:30 p.m., making the five-hour trading day considerably shorter than many other regional rivals. The bourse is also considering canceling the fixed lunch break, the Nikkei said.A spokesman for Japan Exchange Group Inc., which operates the TSE, said it wasn’t the source of the report.“It’ll be important to have a debate in the securities industry,” Finance Minister Taro Aso said of the report. Longer hours wouldn’t lead to much burden on those offering online services, but “for the many places offering face-to-face services it will impact staffing and opening hours, so it’s not easy to accept.”Online BrokeragesA similar recommendation in 2014 for the exchange to consider an evening session failed to result in changes. The plans were dropped following opposition from traditional brokerages, who said longer hours would increase costs. Some members of an advisory panel at the time also called for a separate afternoon session.But with a growth in online brokerages since that attempt, a proposal could lead to a clash between brokerages offering in-person services and the increasing number of online outlets. One of the goals, according to the report, is to provide opportunities for Japan’s rising number of retail investors, whose ability to trade during work hours is limited. Much will depend on how any changes are actually implemented.“Online brokerages will be in favor, and they’re much bigger than they used to be,” said Hajime Sakai, chief fund manager at Mito Securities Co., who cautioned it took years of preparation to shorten the lunch break. “It’ll take time but it’s going in the direction of expanding hours. That’s the way the times are trending.”Closing PriceA lengthy consultation period is likely before any changes are seriously considered.“If really implemented, this would require a lot of adjustments from both front-end to back,” Takeo Kamai, head of execution services at CLSA Securities Japan Co., said. “We’ll really need to see how much support this idea will get from the street.”With most companies reporting earnings after the close of market, trading on earnings is often done on exchanges overseas, or on proprietary trading systems (PTS) run by securities firms, such as the SBI Holdings-backed Japannext Co.There has been renewed interest in such alternative venues since the TSE’s unprecedented outage last October, which highlighted how centralizing trading in Japan is. In March, Cboe Global Markets Inc. agreed to acquire Chi-X Asia Pacific Holdings Ltd. to expand its reach into Japan and other markets. A growth in rival venues could be a threat to the Tokyo exchange, though recently appointed CEO Hiromi Yamaji has said he welcomed the competition.“Longer trading hours does not increase the amount of money that people have to trade,” said Travis Lundy, an analyst who publishes on Smartkarma. “One of the important functions of a market is its daily settlement mechanism - a closing price. A lot of volume gets traded around that price and a closing auction function is normal. Putting that much later would be seriously inconvenient and serve nobody.”(Updates throughout with comments)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Japan’s recovery stalled last quarter, with the economy shrinking more than analysts expected, as renewed restrictions to contain the coronavirus hit activity, raising the risk of a double-dip recession if the country cannot bring its virus emergency to a swift end.Gross domestic product shrank an annualized 5.1% from the prior quarter in the three months through March, ending a two-quarter streak of double-digit growth, the Cabinet Office reported Tuesday. Economists had forecast an overall contraction of 4.5%.The worse-than-expected result came as businesses unexpectedly cut investment, consumers pulled back and government outlays fell amid a suspension of a travel-promotion campaign to help the ailing tourism industry.Signs of renewed fragility in the economy heighten the risk that the economy could shrink again this quarter, as Prime Minister Yoshihide Suga’s administration struggles to speed up its vaccine rollout and contain virus cases using a targeted approach that attempts to limit damage to the economy.“If the state of emergency is extended, that will certainly raise the odds of a contraction,” said economist Yoshiki Shinke at Dai-Ichi Life Research Institute. “Consumer spending is the biggest missing piece for the economy and it’s hard to predict because it’s very much dependent on the virus situation.”Suga last week added three more prefectures to the latest state of emergency, a move that puts about half of the economy under restrictions that are slightly tighter than the ones in winter, but still less draconian than Europe’s lockdowns. Restaurants and bars are now being asked to refrain from serving alcohal in addition closing early.Failure to end the restrictions at the end of May, as planned, could also fuel concerns over the staging of the Tokyo Olympics. Cancellation of the Games would deal another blow to the economy and raise the likelihood that Suga will be consigned to a long list of short-lived premiers. The country is set to hold national elections by early fall.What Bloomberg’s Economist Says...“In the details of Japan’s deeper-than-expected GDP contraction in 1Q, there was even more bad news -- a surprise drop in private investment and an unexpectedly steep buildup in inventories. These signal weakness in the manufacturing sector -- a rare growth driver amid the virus emergency -- and add to downside risks to the economy in 2Q.--Yuki Masujima, economistTo read the full report, click here.The first-quarter drop in capital investment signals companies may be more cautious about the outlook than earlier thought, according to preliminary data, which is often revised. In recent days, a chorus of business executives have also started to voice concern over what they see as an unacceptably slow vaccine rollout in one of the world’s richest countries.CEOs Criticize Japan’s Slow Vaccine Push, Saying Growth at RiskStrong exports and industrial production, meanwhile, continue to provide a bedrock of support to the economy, even though a rise in imports caused the trade component of the GDP to go negative in the first quarter.Consumers also didn’t retrench as much as economists feared last quarter, a fact that may signal a reservoir of underlying demand that could help power the recovery ahead.The resilience also suggests that Suga’s targeted approach has indeed enabled the economy to fend off the worst of another emergency.But rising infection numbers across the nation indicate that the government hasn’t got the balance right or hasn’t adjusted its restrictions quickly enough to account for new virus strains as infections rise and the logic of staging an Olympics is called into question.Until earlier this year Japan was seen a relatively successful example of virus control with low infection rates and deaths achieved without full lockdown measures. The positive optics have been changing as the country’s lengthy vaccine approval process and its slow rollout of jabs have left the country well behind the U.S, the U.K. and other countries with more aggressive inoculation programs.‘Where Are the Vaccines?’ Japan Public Asks as EU Doses RevealedIn an Asahi Shimbun newspaper poll published Monday, Suga’s support rate had sunk to 33%, close to the 30% mark that starts to put Japanese premiers in jeopardy.Japan has had far fewer virus deaths than other G-7 economies, but its slow vaccine rollout has limited its tools for fighting the outbreak and getting the economy back into gear. So far, only about 3% of the population has received even a single dose.“The best economic measures is to accelerate vaccination,” said Dai-Ichi’s Shinke. “While many other countries consider loosening restrictions, Japan isn’t there yet.”(Corrects spelling of economist’s name in last paragraph.)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
"The Voice" semifinals are here, but Nick Jonas almost didn't make it. He revealed at the top of Monday's episode that he took a "spill on a bike."
Detroit Tigers (14-26) vs. Seattle Mariners (21-20): 10:10 p.m.; T-Mobile Park, Seattle; Bally Sports Detroit; WXYT-FM (97.1).
May 17—West Virginia University faculty members and graduate students have put together an activity guide that includes games, trivia and crafts designed to aid in dementia caregiving. The Appalachian Activities for Dementia Manual was created using psychology, social work and neuroscience research. The manual is designed especially for individuals with dementia and other cognitive disorders ...
Mycenax (TWSE: 4726) becomes one of the first CDMO companies in Asia to adapt the Beacon Optofluidic system to cell line development services.
For the first time ever, a Samoa election was tightly contested - and it's a woman who came out top.
Sometimes, there’s just no coming back from punching your dad square in the face. In the first part of Breeders‘ Season 2 finale, Paul and Luke’s rising tensions reached an explosive climax after Paul learned that Luke had attempted to buy weed. The young teen continued to push buttons by ignoring his dad’s punishment, which […]
Jordan Staal (Carolina Hurricanes) with a Goal vs. Nashville Predators, 05/17/2021
Technavio has been monitoring the pet dietary supplements market and it is poised to grow by USD 666.55 million during 2020-2024, progressing at a CAGR of about 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Breeders ends its second season with an emotionally heavy twist. The FX parenting comedy has derived witty humor out of its premise—Paul (Martin Freeman) and Ally’s (Daisy Haggard) tendency to casually yell at their young kids out of frustration and tiredness—with surprising bouts of sentimentality. Season two began to shift the perspective from just them because it jumps ahead a few years after season one, introducing their kids Luke (Alex Eastwood) and Ava (Eve Prenelle) at age 13 and 10 respectively. It means they’re developing their own personalities and their parents have to be more levelheaded in dealing with them. Over the last few episodes, Breeders revealed Luke’s anxiety that stems from Paul’s temper (which he tried to control by going to therapy). However, the finale causes their tension to boil over in an overdue consequential manner.
Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) ("Intermap" or the "Company"), a global leader in geospatial intelligence solutions, today announced first quarter financial results.
Dow Jones futures were in focus following Monday's stock market losses. Tesla stock gave up a key support level, as Bitcoin plunged.
"God's timing is what's supposed to be," the former Bachelorette said as she accepted the award for best dating show
Asian shares rose early on Tuesday, shrugging off worries about an increase in regional coronavirus infections and a subdued session on Wall Street, as inflation jitters helped push gold prices to three-month highs. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.13% after a mixed session on Monday. Spot gold traded around $1,871.46 an ounce, near a three-and-a-half month high, after the Empire State Manufacturing Survey, produced by the New York Fed, showed the highest prices paid since the series began in 2001.
Don Lemon said goodbye to CNN Tonight on Friday after hosting the show since 2014
Both teams from New York are away from home this week and each one is having a painful road trip. After arriving in Atlanta, the Mets placed outfielder Michael Conforto and second baseman Jeff McNeil on the 10-day injured list Monday with strained hamstrings. Both players were hurt in Sunday’s loss at Tampa Bay.