UFC flyweight champion Valentina Shevchenko goes 1-on-1 with Yahoo Sports’ Kevin Iole and shares her thoughts on her upcoming title defense against Jennifer Maia.
UFC flyweight champion Valentina Shevchenko goes 1-on-1 with Yahoo Sports’ Kevin Iole and shares her thoughts on her upcoming title defense against Jennifer Maia.
The top TV stand deals for Cyber Monday 2020, featuring TV mount and corner TV stand sales
Aaron Rodgers threw four touchdown passes and the Green Bay Packers beat the slumping Chicago Bears 41-25 on Sunday night to pad their NFC North lead. Green Bay (8-3) scored touchdowns on each of its first three possessions and grabbed a three-game division edge over Chicago (5-6) and Minnesota. Since winning five of their first six games, the Bears have dropped five straight.
(Bloomberg) -- S&P Global Inc. is in advanced talks to buy IHS Markit Ltd. for about $44 billion, according to a person familiar with the matter, amid increasing demand for data particularly from the finance industry.IHS Markit, which provides data, analytics and research was valued at $36.9 billion as of the close on Friday, after climbing to a record earlier in the week. The stock has risen 23% this year, compared with S&P Global’s 25% gain, giving it a market capitalization of $82.2 billion.An announcement could come as early as Monday, the person added, declining to be identified because the information isn’t public. Representatives for S&P Global and IHS Markit didn’t immediately respond to requests for comment.S&P’s interest follows IHS’s $9.8 billion acquisition of Markit in 2016, which combined IHS’s information services with Markit’s indexes for financial products such as credit default swaps, just as electronic trading was feeding intense demand for sets of information.The tie-up would be the year’s second-biggest deal, coming behind the $56 billion set of transactions among China’s biggest oil and gas companies to sell their pipeline networks to a new national carrier, which were finalized in July.News of the potential deal was first reported by the Wall Street Journal. Bloomberg LP, the parent of Bloomberg News, competes with IHS Markit and S&P Global in providing financial analytics and information.(Updates with deal comparison in the fifth 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.
(Bloomberg) -- An eerie calm has enveloped the Treasury market, and although the worsening pandemic and updates on the U.S. economy could stir things up a bit in the days and weeks ahead, few traders expect a quick end to the boredom.Even as global stocks head for the best month on record, the U.S. bond market’s pulse has slowed significantly in recent months. The ICE BofA MOVE Index, which measures expected price swings in the Treasury market, spiked in the lead-up to the U.S. election but has since almost dwindled back to the record low reached at the end of September.Covid-19’s spread could certainly turn that around in a hurry: just witness how the MOVE index surged in March to its highest level since 2009. Traders may well find reason to react to the virus’s impact on the labor market Friday when the latest monthly U.S. payrolls report comes out, or a day earlier when weekly unemployment data is published. And who knows what Federal Reserve Chairman Jerome Powell will say when he testifies before Congress this week?But many expect the Treasury market to simply take all this and more mostly in stride -- unless the pandemic takes an unexpected turn for the worse. For months now, a steady flow of dismal news has failed to move it much. Ten-year yields, currently at 0.84%, have swung between 0.50% and 0.97% since August.“It may remain a range-bound slog with markets waiting for the next shoe to drop regarding the virus,” said Marty Mitchell, an independent strategist. “The unemployment figure on Friday could prove weaker than expected given claims have been rising. But the overriding influence for trading will remain the virus -- with potential for headlines regarding more shutdowns and containment measures.”With Joe Biden on course to be inaugurated as the new U.S. president in January and the Fed making clear that policy will remain accommodative for years, the ICE BofA MOVE Index of Treasury volatility has dropped to 39.62. That’s close to September’s record low of 36.62 and way below the peak from March when virus concerns sent the gauge -- which is based on one-month options -- to 163.7.Ten-year Treasury yields were little changed in Asia trading on Monday while S&P 500 futures began the week higher, then slipped, as did Australian and Japanese shares. Global equities are up 13% in November as positive vaccine news helped drive expectations that a global economic recovery can pick up in 2021Treasury purchases by passive fund managers could help cap yields. The Bloomberg Barclays Treasury Index, a benchmark for many investors, will go through its monthly rebalancing on Monday, and this could extend duration by about 0.16 year, matching the August increase that was the biggest since 2009.Index rebalancing could add to recent forces that have helped keep a lid on yields. Other factors include a tempering of economic growth expectations due to surging virus cases. And with Congress unlikely to push through new fiscal stimulus measure before the end of the year, several pandemic jobless benefit programs are set to expire at the end of December -- affecting an estimated 12 million people.Gregory Faranello, head of U.S. rates at AmeriVetSecurities, has been emphasizing to his clients just how important economic data and Covid case counts are to the outlook for markets, noting that the Fed “is clearly becoming more concerned over the growing number of cases and the lack of more fiscal support.”What to WatchThe economic calendarNov. 30: MNI Chicago PMI; pending home sales; Dallas Fed manufacturing indexDec. 1: Markit U.S. manufacturing PMI; ISM manufacturing; construction spending; vehicle salesDec. 2: MBA mortgage applications; ADP employment change; Fed Beige BookDec. 3: Challenger job cuts; weekly jobless claims; Bloomberg consumer comfort; Markit US services PMI; ISM servicesDec. 4: Monthly jobs report; trade balance; factory, durable goods and capital goods ordersThe highlight of the Fed calendar is Powell’s appearance on Capitol HillDec. 1: Powell before Senate Banking Committee; Fed Governor Lael Brainard; San Francisco Fed’s Mary Daly; Chicago Fed’s Charles EvansDec. 2: Powell appears before House Financial Services Committee; New York Fed’s John WilliamsDec. 4: Fed Governor Michelle BowmanThe auction calendar:Nov. 30: 13-, 26-week billsDec. 1: 42-day, 119-day cash management bills; 52-week billsDec. 3: 4-, 8-week bills(Updates with Monday trading of stocks and bonds in Asia)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.
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The mayor of the Bergen County town of Dumont wants an investigation after some high school teachers allegedly posted anti-gay comments about a colleague in a Zoom group chat.
Cavani scored two late goals to help United clinch a 3-2 win over Southampton.
The differences between the NFC North-leading Green Bay Packers and the Chicago Bears — now owners of a five-game losing streak — were crystal clear on national television Sunday night at Lambeau Field. On one side, Bears quarterback Mitch Trubisky threw two interceptions and lost a fumble that was returned for a touchdown in his second turn as the starter. On the other side, Packers ...
Francisco Widjojo is lots of things. University of Technology Sydney (UTS) alum. Managing Partner at Arkblu Capital. Third culture kid. This last one – a term that refers to someone who's raised outside their parents' homeland – is a huge part of his story.
Doctors expect to see a spike in COVID-19 cases in the coming weeks following the busy Thanksgiving travel weekend.
Huntkey, a leading provider of power solutions, showcased its new product category - the photocatalyst air purifiers at the recently-ended Hong Kong Autumn Sourcing Week Digital Show.
We are together -- "China Shenyang International Friendship Gala Evening" & the 5th "Shenyang in the Eyes of Foreigners" theme party presented splendidly in the studio of Shenyang Radio and Television on Nov. 27, according to the Information Office of Shenyang People's Government.
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(Bloomberg) -- The Trump administration is poised to add chipmaker SMIC and offshore oil-and-gas explorer CNOOC to a list of firms blocked from American investment due to military ties, Reuters reported, in the latest U.S. swipe at Beijing before President-elect Joe Biden takes office.Semiconductor Manufacturing International Corp. and China National Offshore Oil Corp. are among four Chinese companies to be added to a list of firms owned or controlled by the military, Reuters reported, citing a document seen and three unidentified people familiar with the matter. Their addition -- along with China Construction Technology Co. Ltd. and China International Engineering Consulting Corp. -- would bring the total number of firms on the blacklist to 35.It wasn’t clear when the new list would be published in the Federal Register, Reuters said. The Defense Department didn’t respond to Reuters’ request for comment. CNOOC didn’t respond to emailed requests for comment. Cnooc Ltd., the company’s listed unit, fell as much as 11% in Hong Kong. China Oilfield Services Ltd., its drilling subsidiary, fell as much as 12%.“There will be huge impact on the company because the oil-and-gas value chain involves a lot of U.S. companies from upstream, mid-stream all the way to the gas side,” said Sengyick Tee, an analyst with SIA Energy. “This also means they cannot procure parts and software from U.S. companies.”A Pentagon spokesperson didn’t immediately reply to Bloomberg’s request for comment on the report. Reuters separately reported last week that the Trump administration was close to issuing a list of 89 Chinese aerospace and other companies that would be unable to access U.S. technology exports due to their military ties.President Donald Trump, a Republican, has continued to roll out punitive measures against China despite losing the U.S. presidential election earlier this month to Biden, a Democrat. The actions will make it harder for the incoming administration to de-escalate tensions with Beijing, although they will also arguably give the U.S. side more leverage in future negotiations.In a related executive order earlier this month, the U.S. said China was “increasingly exploiting” American capital for “the development and modernization of its military, intelligence, and other security apparatuses,” posing a threat to the U.S. That order prohibits investment firms and pension funds from buying and selling shares of 31 Chinese companies designated by the Pentagon since June as having military ties.In response to the previous order, the Chinese Foreign Ministry accused the U.S. of “viciously slandering” its military-civilian integration policies and vowed to protect the country’s companies. “This not only severely harms the legitimate rights and interests of Chinese companies, but also the interests of foreign investors including U.S. ones,” ministry spokesman Wang Wenbin said at the time, urging the order’s withdrawal.Exxon, ShellState-owned CNOOC, the country’s main deepwater oil and gas explorer, has ties to key global energy producers and projects. The firm is among Exxon Mobil Corp.’s partners in its Guyana project, owns a stake in a Royal Dutch Shell Plc LNG export terminal in Australia, and has a share in the U.K. North Sea’s Buzzard oil field.CNOOC’s main base of operations are the coastal waters surrounding China, which account for more than 60% of its listed company’s production, with the majority coming from the Bohai Sea near Beijing.“It will be quite negative for CNOOC as it has quite a few U.S. partners in projects alongside Bohai Bay as well as in South China Sea,” Lin Boqiang, director at the China Center for Energy Economics Research at Xiamen University, said by phoneOperations in the South China Sea, which account for about 29% of output, have at times run into controversy because China claims drilling rights in waters far from its borders, and within 200 miles of countries like Vietnam and the Philippines. The firm also owns interests in shale and deepwater projects in the U.S., accounting for production of about 67,000 barrels of oil equivalent a day, according to its website.SMIC said in a statement that it is engaged in constructive discussions with the U.S. government, adding it has no relationship with the Chinese military and doesn’t manufacture for military uses. Its shares were little changed in Hong Kong.SMIC RestrictionsIn September, the U.S. Commerce Department separately imposed export restrictions on SMIC, requiring American firms to apply for a license to send certain products to China’s largest chipmaker. SMIC and its subsidiaries present “an unacceptable risk of diversion to a military end use,” the department’s Bureau of Industry and Security wrote.SMIC represents a cornerstone in China’s vision of creating its own, world-class semiconductor industry, which the Communist Party sees as an essential foundation for a self-sufficient technology sector. The company is the country’s biggest contract manufacturer of chip and raised more than $7 billion to expand in a Shanghai stock offering in July.SMIC still has far to go to catch up to rivals such as Taiwan Semiconductor Manufacturing Co., which makes chips for Apple Inc.’s most advanced smartphones. TSMC, the world’s largest contract chipmaker, is commercializing 5 nanometer technology, at least two generations ahead of SMIC’s capabilities.A Trump administration blacklisting would make that effort more difficult -- if not impossible -- because SMIC could be barred from American suppliers such as Applied Materials Inc., which tend to make the most advanced chip-making equipment.(Updates with SMIC comment in 12th 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.
Cuban President Miguel Diaz-Canel said Sunday that a recent protest in Havana by an artists' collective over freedom of expression was "the last attempt" by US President Donald Trump's administration "to overthrow the revolution."
When Wu Chi-wai, chairman of Hong Kong’s largest pro-democracy party, decided to serve an extended term in the city’s legislature, he did not expect to resign two months later.
Tokyo Games organisers estimate the cost of COVID-19 countermeasures for next year's rearranged Olympics will run to around 100 billion yen ($960 million), Kyodo News reported on Monday. When asked to comment on the Kyodo report, a spokesman for organisers told Reuters an announcement would be made on an interim report following talks between Tokyo 2020, Tokyo metropolitan government and the Japanese government on Wednesday. The last official budget given by the organising committee in December 2019, months before the Games were postponed due to the COVID-19 pandemic, was $12.6 billion.
Chicago Police say carjackings are up more than 100% in the city this year.
USC's game against Washington State on Friday has been rescheduled for Sunday at 6 p.m. PT in order to allow players in quarantine to play in the contest.