Daniel Gafford (Chicago Bulls) with a dunk vs the Los Angeles Lakers, 01/23/2021
Daniel Gafford (Chicago Bulls) with a dunk vs the Los Angeles Lakers, 01/23/2021
Raptors lose despite Kyle Lowry being red-hot in return from thumb injury.
Facebook on Thursday said it had banned the Myanmar military from using its Facebook and Instagram platforms with immediate effect, as weeks of mass demonstrations continue in the Southeast Asian country after the military seized power. "Events since the February 1 coup, including deadly violence, have precipitated a need for this ban," Facebook said in a blog post. "We believe the risks of allowing the Tatmadaw (Myanmar army) on Facebook and Instagram are too great."
Launched in March 2020, the social media app has rapidly grown in popularity.
The former US president had halted the issuance of green cards until the end of 2020 and deemed immigrants a 'risk to the US labor market' due to the coronavirus pandemic
Malik Monk had a 20-point quarter to get Hornets back into the game
Humbert trailed 2-5 in the second set and faced the match points at 3-5, then turned things around to clinch a 6-7 (4), 7-6 (5), 7-6 (5) win after nearly three hours.
(Bloomberg) -- The bond market rout is starting to test the resolve of global central banks, and nowhere is that clearer than in Australia, where policy makers are struggling to defend their yield targets.The Reserve Bank of Australia will buy A$5 billion ($4 billion) of bonds Thursday, matching the record last March when it began quantitative easing. That hasn’t stopped the targeted three-year bond yield from hitting a two-month high, while a selloff that began in New Zealand has also widened to Treasuries and Japanese debt.“The Australian bond market is in many ways caught in the crossfire of what’s happening in U.S. Treasuries,” said Chamath De Silva, a portfolio manager at BetaShares Holdings in Sydney and a former fixed-income trader at the central bank. “I don’t see it as the market deliberately testing the RBA so much as global central bank dovishness in general.”A $9 trillion rescue mission by central banks to haul the global economy out of its coronavirus recession is being tested by inflation bets that are threatening their ability to keep borrowing costs down. The intensifying bond rout is forcing a rising tally of money managers to scale back market exposures while Wall Street strategists pare back their bullish playbooks.Read: When Listening to the Central Bank Goes WrongAustralia’s 10-year yield is poised for the highest close since 2019, having surged more than 70 basis points this year. The benchmark Treasury yield has hit 1.4%, and is headed for the steepest monthly advance since the November 2016 bond rout set off by President Donald Trump’s election win.Yields in every major market have jumped.Policy makers are trying to push back against the rising tide of yields, from Fed speakers stressing they will look through short-term inflation spikes to European Central Bank President Christine Lagarde “closely monitoring” government debt yields. The Bank of Korea warned it’ll intervene in the market if borrowing costs jump and the Reserve Bank of India is deploying a range of tools in the face of a market revolt.That’s not enough to stop the growing challenge from bond traders, who are pushing the limits of central banks’ patience while debt auctions are starting to struggle. Investment firms including BlackRock Inc.’s research arm and Aberdeen Standard Investments are retreating from government bonds.Read: Bond Backlash Spurs Tepid Demand at Five-Year Treasury SaleIn Australia, skepticism has grown that the RBA will maintain its guidance to keep borrowing costs steady into 2024. That’s been highlighted by the unraveling of a popular trade based on selling April 2024 bonds and buying November 2024 notes in anticipation that the central bank’s target will shift to the later maturity debt.Australia’s rapid economic recovery has emboldened traders, as the country suppresses Covid-19 and massive stimulus encourages households to spend and firms to hire. A further boost has come from the price of iron ore, Australia’s largest export, which crashed through $170 a ton and is closing in on a record.What Bloomberg Economics Says...“The RBA is pulling out the stops to counter a rise in bond yields, which have been swept up in a global updraft. In a surprisingly forceful move, it announced its largest purchase of Australian government bonds since it began the program in March.”-- James McIntyre, economistFor the full note, click here.Yet, there is wide disconnect with policy makers expectations.RBA Governor Philip Lowe does not anticipate any rapid recovery in inflation. He noted that before the pandemic, when unemployment had a 4 in front of it, it still failed to generate the sort of wage gains that would be needed to return CPI sustainably to the 2-3% target. Australia’s most recent annual inflation reading was just 0.9% and the jobless rate stands at 6.4%.The central bank is expected to keep policy settings unchanged when it meets on Tuesday.RBNZ MandateNew Zealand bonds kicked off the rout in Asia on Thursday after the government announced it will require the central bank to take account of house prices when it sets interest rates. The losses accelerated as the bid-to-cover ratio at an auction dropped to the lowest since 2012.Money markets are now pricing in a rate increase in New Zealand for mid-2022, suggesting it could be the first major central bank to hike.Yields on the 10-year benchmark surged as much as 19 basis points -- the largest move since April -- to 1.87%. Japanese bonds were also sold, with the benchmark 10-year yield rising to the highest since 2018, while the yield curve steepened.“As yields look set to still rise gradually, this isn’t an environment where investors want to buy even if levels are attractive enough,” said Naomi Muguruma, senior market economist at Mitsubishi UFJ Morgan Stanley Securities Co.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.
At the wrestling district tournaments last week, South Dade regrouped from its GMAC defeat to beat Southwest.
Joe Biden said the Trump-era immigrant visa ban did not help in advancing America’s interests.
From "Spongebob" to "The Godfather," it will all be remixed and served up on Paramount+. But ViacomCBS still wants you to pay extra for Showtime.
A Qatari response to the report described the death toll as "within the expected range."
Kelsey Grammer, who played Frasier Crane, will return but it is not known if other cast members will too.
Good afternoon, and thank you for joining us on today's conference call to discuss Elastic's third quarter of fiscal 2021 financial results. On the call, we have Shay Banon, founder and chief executive officer; and Janesh Moorjani, chief financial officer.
Remote working is "an aberration" that will be corrected as soon as possible says Goldman Sachs chief.
My name is Sebastian Marti, and I am Ternium's Investor Relations and Compliance Director. Ternium released yesterday its financial results for the fourth quarter and full year 2020. Joining me today are Ternium's Chief Executive Officer, Maximo Vedoya; and the company's Chief Financial Officer, Pablo Brizzio, who will discuss Ternium's business performance and environment.
Image source: The Motley Fool. TJX Companies Inc (NYSE: TJX)Q4 2021 Earnings CallFeb 24, 2021, 11:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by.
Woods is recovering in hospital after undergoing surgery on significant injuries to his right leg in a car accident.
New Zealand fireworks prove too much as Australia fall just short in T20 run chaseNew Zealand 219-7; Australia 215-8 | NZ win second T20 by four runsHosts take 2-0 series lead with the victory in Dunedin New Zealand opener Martin Guptill smashed eight sixes and six fours on his way to 97 off 50 balls in Dunedin. Photograph: Joe Allison/Getty Images
Gold jewelry is timeless
A United Airlines plane with a Pratt & Whitney engine that failed on Saturday had flown fewer than half the flights allowed by U.S. regulators between fan blade inspections, two sources with knowledge of the matter said. The Boeing Co 777 plane had flown nearly 3,000 cycles, equivalent to one take-off and landing, which compares to the checks every 6,500 cycles mandated after a separate United engine incident in 2018, said the sources. United declined to comment.