Here’s how Hammond’s Candies in Colorado makes its beloved candy canes
This is how candy canes are made
Here’s how Hammond’s Candies in Colorado makes its beloved candy canes
This is how candy canes are made
President Francisco Sagasti of Peru on Tuesday night announced a total lockdown of the capital and nine other regions following a significant increase in COVID cases, which he said had pushed hospitals close to collapse. Sagasti said the new measures covering central Peru would remain in effect until at least Feb. 14. On Tuesday, Peru reported 4,444 new cases of the coronavirus, taking its total to 1,107,239, and 40,107 deaths.
Washington, D.C.'s top cop said the assault on the U.S. Capitol exposed "weaknesses in the security of the most secure city in the country" during a closed-door congressional briefing on Tuesday. "I was stunned at the tepid response from Department of the Army, which was reluctant to send the D.C. National Guard to the Capitol," acting Metropolitan Police Department Chief Robert Contee told the House Appropriations Committee in written testimony obtained by ABC News. Contee spoke to the deadly toll of the Jan. 6 attack on the Capitol, noting that five people -- including Capitol Police officer Brian Sicknick -- died as a result of the siege.
The man is accused of sending menacing messages about the 2020 presidential election to the congressman’s brother and sister-in-law, as well as a journalist.
Sihuan Pharmaceutical Holdings Group Ltd. (the "Company" or "Sihuan Pharmaceutical", together with its subsidiaries, collectively referred to as the "Group"; Hong Kong Stock Exchange Stock Code: 0460) is pleased to announce its innovation Xuanzhu Biopharmaceutical Co., Ltd. (hereinafter referred to as "Xuanzhu Biopharm"), a pharmaceutical platform company, will acquire 100% of the shares of Beijing Combio Pharmaceutical (hereinafter referred to as "Combio Pharmaceutical").
All the Super Bowl needed to send prices to the moon was the right set of circumstances. What ticket brokers got was an embarrassment of riches.
Chicago Public Schools told parents of pre-K and cluster students to keep their kids at home Wednesday after the Chicago Teachers Union urged members to work remotely.
Mikael Granlund (Nashville Predators) with a Goal vs. Chicago Blackhawks, 01/26/2021
Mexican President Andres Manuel Lopez Obrador first felt the onset of COVID-19 on Sunday and was tested after returning to the capital on a commercial flight from an event in central Mexico, his spokesman said on Tuesday. Spokesman Jesus Ramirez said that passengers on the flight were being contacted, and that journalists traveling with the president were recommended to isolate. The pandemic is worsening in Mexico.
Pierre-Edouard Bellemare (Colorado Avalanche) with a Goal vs. San Jose Sharks, 01/26/2021
A suspect accused of shooting and injuring a Harris County Sheriff's deputy has been detained.
New Jersey authorities have opened a probe after a private photo of Kellyanne Conway’s teen daughter briefly appeared on the former Trump adviser’s Twitter Fleets. “An investigation is being conducted by the Bergen County Prosecutor’s Office. No additional information can be released,” Alpine Police Chief Christopher Belcolle confirmed to the New York Daily News Tuesday. “Juvenile records are ...
Serge Ibaka (LA Clippers) with a block vs the Atlanta Hawks, 01/26/2021
Rajon Rondo (Atlanta Hawks) with a buzzer beater vs the LA Clippers, 01/26/2021
This year, all of your favorite girl scout cookies will be available online and through the delivery platform Grubhub.
Gamestop kept surging late on an Elon Musk tweet. Microsoft jumped late on earnings, while AMD and Palantir fell on news. Leading stocks struggled Tuesday.
Carl Grundstrom (Los Angeles Kings) with a Goal vs. Minnesota Wild, 01/26/2021
Luke Kennard (LA Clippers) with an assist vs the Atlanta Hawks, 01/26/2021
Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: GameStop’s rally, Andreessen Horowitz’s new media venture, Biden’s renminbi policy, and how Reddit rallies around stocks. To sign up for the Capital Note, follow this link. Investment vs. Consumption Value is subjective. Different people ascribe different value to different goods and services. Some people spend a great deal of money on sports cars and expensive dinners, while others save for retirement or their children’s college tuition. One of the key functions of a market economy is to aggregate the preferences of many millions of individuals into a single price for a good or service, set by supply and demand. Financial assets are technically priced the same way. Buyers bid on stocks and brokers accept those bids if they consider the price fair — supply meets demand. But stock valuation is different from that for goods and services because the value of a stock — future cash flows — is fungible. When you buy shares in a company, you’re spending money now to receive money in the future. Your personal preferences matter as far as risk appetite is concerned, but all else being equal, everyone prefers higher risk-adjusted returns, so stocks and other financial assets should tend toward a certain “intrinsic” value. Preferences come into play only when the investor has exited the investment and proceeds to spend his earnings. As a general matter, then, there should be significantly less heterogeneity in the prices of assets as in those of goods and services. But what happens when the line between investment and consumption is blurred? The big financial stories of the past few weeks — skyrocketing prices for Bitcoin and a handful of stocks favored by the denizens of Reddit’s “Wall Street Bets” forum — give a taste. Professional money managers have screamed bloody murder at the astronomical rally of GameStop, a struggling retailer handpicked by an army of Reddit day-traders as the next “YOLO” trade. You might buy GameStop shares in order to receive its future cash flows, but you might also buy it because your friends on Reddit own it and it seems fun to go all in on a random stock, no less so because of the nostalgia you feel for your childhood trips to buy Halo. You might even screw over some short-sellers in the process, and why not? Many people enjoy patronizing casinos despite the widely known fact that casino gamblers are certain to lose money over a long enough time period. But for most gamblers, especially amateurs, the casino is less an investment product than a consumption good. If you go to Mohegan Sun with a few hundred dollars and waste it away at the blackjack table, you will probably be worse off than if you’d made money, but you will have gotten to have a generally pleasant time spending a few hours drinking free cocktails and sharing stock picks with the dealer. My half-baked explanation of the crazy retail activity in stocks such as GameStop, Express, AMC, and Blackberry this week is that the rise of online day-trading is turning certain stocks from investments into consumption products. As with casino gambling, the possibility of a financial gain is part of the appeal, but the process of trading in and out of stocks with online friends is about more than making money. It’s an experience; it’s a lifestyle. The difficulty is that the financial system relies on the efficient pricing of stocks to facilitate capital allocation, a process that can be disrupted if enough people decide that they want to consume a stock rather than invest in it. While retail-driven movements are still limited to a handful of names, and should revert to the mean over time, they can upend certain corners of the market. The bailout of Melvin Capital Management by Citadel and Point72 is a case in point. Gabe Plotkin, a professional capital allocator working on the assumption that adjacent market participants view stocks as investments, suddenly found himself in a casino, where investment and consumption commingled to produce a meteoric rise in GameStop’s valuation. The retail rally hit Plotkin with margin calls and squeezed many other out of their short positions. If you’re a hedge-fund manager, you can reasonably assume that you’ll stay in the rational world of investments 99 percent of the time. But the 1 percent of the time that you’re not could put you out of business. Around the Web Venture-capital fund Andreessen Horowitz explains its news media venture: People want to learn about the future. If Software really is Eating the World, there needs to be a place that is dedicated to explaining and tracking it.So we are doing just that: we are building a new and separate media property about the future that makes sense of technology, innovation, and where things are going — and now, we’re expanding and opening up our platform to do this on a much bigger scale. We want to be the go-to place for understanding and building the future, for anyone who is building, making, or curious about tech. How Biden’s China policy will affect the renminbi: China’s currency notched its best six months on record in the second half of 2020 as investors bet that Mr Biden would unseat Mr Trump, whose tariffs on Chinese goods hit the renminbi. “The Biden administration is likely to be a lot more balanced in its approach” to China, said Mansoor Mohi-uddin, chief economist at Bank of Singapore. But further strength in the renminbi would require more positive developments in US-China relations, he added, such as the removal of tariffs imposed by the Trump administration, which at one point designated Beijing a currency manipulator. Random Walk Bloomberg’s Bailey Lipschultz dug into the events that led up to GameStop’s eye-popping rally: GameStop’s 83% gain through Friday comes after it more than doubled the week before and marks the most volatile 10-day period on record, data compiled by Bloomberg show. The stock was halted at least four times in New York trading on its way to a record close. The stock surged 51% Friday to $65.01. At one point, the video-game retailer was the most actively traded U.S. company with a market value above $200 million, data compiled by Bloomberg show, as millions of shares exchanged hands every few minutes . . . GameStop’s parabolic rise, which has come amid steady and elevated short interest and increasing volume, has showcased the divide between retail bulls and bears betting on a quick return to reality. More than 193 million shares were traded on Friday, marking the most active day for the company since it went public in 2002. GameStop became a “cult stock because of Ryan Cohen’s success with Chewy” and retail investors “appear confident that he can implement omnichannel initiatives that will materially grow their earnings,” Wedbush analyst Michael Pachter said in an email. For the company to be worth $50 a share it would have to quickly double their growth, Pachter, who has a $16 price target which is the second highest among analyst tracked by Bloomberg, continued. In order to give GameStop credit for higher earnings power, Pachter, who rates the stock at neutral, wants to see Cohen’s strategy . . . Wall Street analysts have largely stayed quiet amid the stock’s recent bout of volatility. CFRA Research analyst Camilla Yanushevsky reiterated her sell rating on Jan. 15 and credited the bulk of last week’s gains to a short squeeze after activist investor and Chewy Inc. co-founder Ryan Cohen was added to GameStop’s board. Bearish bets have remained steady with 140% of available GameStop shares currently sold short, according to data compiled by S3 Partners. Bears have seen more than $3.3 billion mark-to-market losses this year, according to the financial analytics firm. “While older existing shorts have been covering some of their positions due to a profit-loss based short squeeze, there is a queue of new short sellers wanting to get short exposure in GME after its recent run-up,” Ihor Dusaniwsky, S3’s managing director of predictive analytics, said by email. — D.T. To sign up for the Capital Note, follow this link.
(Bloomberg) -- India’s government increased security in the capital New Delhi after thousands of protesting farmers broke police barricades and stormed key landmarks in a serious escalation of monthslong demonstrations against Prime Minister Narendra Modi’s new agriculture laws.By Wednesday most demonstrators had returned to protest sites on the outskirts of the city following calls from one of the largest farm unions, as protest leaders prepared to meet to decide the next steps in their campaign which they said would continue peacefully.The farmers, who have camped at various border points around New Delhi for two months, had permission to demonstrate after the completion of an annual military parade to mark Republic Day, a major public holiday in India. But many gathered early in the day and broke through barricades on the outskirts of the city, prompting police to deploy tear gas in some areas.The Samyukt Kisan Morcha, an umbrella organization of several dozen farm groups leading the protests, issued a statement late Tuesday calling off the remainder of the tractor parade in Delhi and criticizing the “anti-social elements” that “had infiltrated the otherwise peaceful movement.” The police also blamed the protesters for deviating from the agreed routes and attempting to enter the heart of the capital where parliament and other government buildings are located.The escalation of the farmers’ protest adds to Modi’s challenges amid efforts to reverse a contraction in Asia’s third-largest economy due to the coronavirus pandemic. It also comes days before a parliament session where the government will present its annual budget detailing plans to spur economic activity in the year starting April 1.Although the demonstrations have hurt the government, the scenes on Tuesday of unruly farmers may undermine their cause, according to Asim Ali, a New Delhi-based researcher at the Centre for Policy Research.“This was always the danger, and it seems that it has gone out of hand,” Ali said. “This is possibly what the ruling party would have liked to see.”Television footage showed thousands of protesters clashing with police in central Delhi before reaching the iconic Red Fort, where Indian prime ministers typically address the nation on the country’s independence day in August. Farmer leaders had called on protesters to stay peaceful, warning that any violence could hurt their cause.“We also condemn and regret the undesirable and unacceptable events that have taken place today and dissociate ourselves from those indulging in such acts,” the statement from the Samyukt Kisan Morcha said. “We have always held that peace is our biggest strength, and that any violation would hurt the movement.”India’s federal Home Ministry suspended mobile Internet services in some parts of the city where the protests were most tense. Several metro stations were also shut down, although by Wednesday most stations had reopened.Leaders of the protests had rejected Modi’s offers to temporarily shelve the three laws passed in September that overhauled the way farm goods are sold in the country of more than 1.3 billion people, almost half of whom depend on agriculture for their livelihood. The government has defended the legislation, saying they would eliminate middlemen in state-run wholesale markets, increase earnings for farmers and make India more self-reliant.The farmers have continued to call on the government to repeal the legislation, which they say will hurt their incomes and leave them vulnerable to big corporations. While Modi’s Bharatiya Janata Party has a lock on parliament and doesn’t need to call a national vote until 2024, the protests risk hurting his appeal in state elections and could halt momentum for other reforms.The tractor rallies marked the first time the protesting farmers have marched into the capital. They are mostly from the neighboring states of Punjab, Haryana, Uttarakhand and Uttar Pradesh. But they have also found support in other Indian cities, including financial centers Mumbai and Bengaluru, where protest marches have also taken place.(Recasts throughout. A previous version of this story corrected the spelling of police officer quoted.)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.
If any of the Santa Cruz Warriors' opponents talk trash to Mannion in the bubble, they can expect him to dish it right back.