Connecticut Senator Chris Murphy joins Yahoo Finance’s On The Move panel to discuss the latest developments on a potential stimulus deal and his expectations for the final presidential debate.
Connecticut Senator Chris Murphy joins Yahoo Finance’s On The Move panel to discuss the latest developments on a potential stimulus deal and his expectations for the final presidential debate.
A key U.S. lawmaker endorsed the idea of an international agreement to govern the principles and standards for tech giants like Amazon, Google, Facebook and Apple.
IQALUIT — Federal Indigenous Services Minister Marc Miller gave a short response when asked about an investigation that found an RCMP officer did not intentionally hit a young Inuk man with his truck door during an arrest in June."I saw what I saw," Miller told a news conference Wednesday. A video of the arrest posted on social media showed a Mountie in Kinngait, Nunavut, knocking down an intoxicated man using the door of a police pickup. The Ottawa Police Service, which conducted a criminal investigation into the takedown, ruled the arrest was "lawful" and the officer hit the man with his truck unintentionally.Back in June, Miller decried the improper tactic and called the incident "dehumanizing" and "disgraceful."On Wednesday, Miller said there is a need to reform the RCMP and address systemic racism against Indigenous people in Canada. "We will continue to hold those who serve and protect Canadians to account, making sure that we reform the RCMP," he said. "We do need to get to the bottom of these things. It further undermines the trust that, (in) Indigenous communities in particular, is still quite thin in respect to our police services." Timoon Toonoo, Kinngait's mayor, told The Canadian Press he is can't comment on the arrest until the RCMP's internal investigation is complete. The Civilian Review and Complaints Commission for the RCMP is also conducting an investigation. Toonoo said the RCMP met with him on Tuesday to discuss the Ottawa Police Service report's findings, but he can't talk about it yet. "They were saying that they could not charge the person who ran over the person because they do not find that person broke the law. We were on the line for a while and we talked about what happened and not much news came out of the meeting," Toonoo said. Toonoo said he's tried to reach out to the man hit by the truck door in the video, but hasn't been able to reach him. The Canadian Press has also reached out to the man, but has not heard back.In a statement, Nunavut Justice Minister George Hickes said he also can't comment on the investigation, but said the arrest "was very unfortunate" and "I sincerely hope the individual struck by the vehicle is doing well.""I understand this event caused a great deal of concern in the community and across the territory, and I recognize we have more work to do to promote reconciliation between the police and Inuit in Nunavut," Hickes said. Timothy Bryan, a sociology professor at Dalhousie University, said regardless of the investigation's outcome, the arrest was not good police work."This is not what policing should look like. But there is no comment on that at all in the statement from the Ottawa police. I think it gives the impression that since there was no criminal wrongdoing, there was no wrongdoing. And I think that’s a dangerous tone to set," Bryan said.Hickes noted that Nunavut introduced legislation in the fall that would allow it to use civilian groups to investigate allegations against officers instead of other police forces.On Monday, RCMP in Iqaluit also started wearing body cameras as part of a national pilot project to promote police accountability.Bryan said while Nunavut's efforts are steps in the right direction, there needs to be more transparency from investigators like the Ottawa Police Service. He said continuing the cycle of "police-on-police" investigations that only look at criminal conduct does a "disservice" to Indigenous and other racialized communities. "There will come a time when the people in those communities require assistance from police and may not call for it. It’s not just that the policing needs to do no harm, it’s that policing ought to be helpful," he said.Since Jan. 1, there have been six serious encounters involving police in the territory, including two deaths.This report by The Canadian Press was first published Dec. 2, 2020.Emma Tranter, The Canadian Press
(Bloomberg) -- Fear of owning HSBC Holdings Plc shares is turning into a fear of missing out on a major rally.Europe’s biggest lender is up 51% in Hong Kong since touching its 25-year low in September, and is the best-performing stock on the Hang Seng Index this quarter. Just two months ago, investors were fretting over how mounting regulatory and economic pressures would squeeze the firm’s key businesses in Asia.But a lot has changed since then. British regulators have signaled they would consider softening their stance on a dividend ban imposed on banks in March at the height of the pandemic. Also, HSBC recorded better-than-expected third quarter results on cost savings while investors have piled into financial stocks as part of a sector rotation.Shares of HSBC rallied 3.7% on Wednesday in Hong Kong, while the Hang Seng fell 0.1%. They gained 3% in London.“HSBC’s fortunes have improved with a U.S. presidency change likely to ease trade and China-U.S. tensions, as well as increasing cost savings expectations and a likely return to dividends in 2021,” said Jonathan Tyce, an analyst at Bloomberg Intelligence.HSBC’s Hong Kong-listed stock has punched through several major resistance levels and is now trading above its 50-day, 100-day and 200-day moving averages. Its 14-day relative strength index is at 73, a level indicating the stock is in overbought territory.China PlansThe gains come after a testing period for the bank in its crucial China market. HSBC shares in Hong Kong plunged to their weakest since 1995 in September after it was seen as a possible candidate for China’s “unreliable entity list” that aims to punish firms, organizations or individuals that damage national security. Chinese media blasted it over its role in the U.S. investigation of Huawei Technologies Co. HSBC had also faced pressure to publicly endorse China’s new security law in Hong Kong.But there are indications that the standoff with China may be easing. Last month, the Communist Party’s Global Times newspaper highlighted on Twitter comments from HSBC Chairman Mark Tucker about the bank’s China expansion plans. China’s U.K. ambassador Liu Xiaoming quoted the tweet supporting the move.Still, most analysts have yet to soften their stance on the bank’s outlook. Just this week, Deutsche Bank AG and Credit Suisse Group AG analysts reiterated negative ratings on the firm’s shares in London, according to data compiled by Bloomberg. Only six of the 31 analysts tracked by Bloomberg who follow HSBC recommend buying and 13 give it a sell.On the other hand, Citigroup Inc. raised its price target for HSBC by 24% late last month saying that it’s better positioned than other Hong Kong banks going into 2021 on stronger earnings recovery and an expected dividend restart. Goldman Sachs Group Inc. recommended a buy rating.HSBC has some hurdles ahead, with the ongoing pandemic forcing the firm to step up cost-cutting plans to contain debt. The firm also mulled plans to offload its U.S. consumer franchise.Beyond the company’s strengthening outlook, the bank has also been a beneficiary of investors piling into bank stocks in a move widely attributed as sector rotation. Standard Chartered has gained about 41% so far this quarter, while Industrial & Commercial Bank of China Ltd. is up 27% in Hong Kong.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.
Page was largely inundated with praise and support, while some media outlets were denounced by some for printing Page’s previous name, a practice called “deadnaming” by some in the transgender community.
U.S. financial services industry incentives are expected to be broadly flat this year and compensation for top executives likely to be flat to down, according to a report published Wednesday by consulting firm Johnson Associates Inc. There is likely to be a wide variation in the incentives payout, with sectors linked to trading seeing an increase of as much as 30% due to the sharp recovery in markets from the COVID-19 pandemic-induced lows. CEO compensation will receive additional scrutiny this year as it would be difficult to justify an increase in salaries in a mediocre pay year, Johnson Associates added.
TURIN, Italy — Cristiano Ronaldo scored his 750th career goal to help Juventus beat Dynamo Kyiv 3-0 on Wednesday and leave his team with a chance of securing top spot in its Champions League group.Ronaldo scored Juve’s second goal and also hit the bar after Federico Chiesa opened the scoring in the first half. Álvaro Morata completed the scoring in a game that saw Stéphanie Frappart became the first female referee to officiate a men’s Champions League match.“We celebrate his records almost every game,” Juventus defender Leonardo Bonucci said. “We can only be happy to be part of his astounding path in this sport.”Juventus remained second in Group G, three points behind Barcelona after the Catalan club won 3-0 at Ferencváros. Both clubs had already sealed qualification to the round of 16 but a win for Juventus at Barcelona in the final round next week could see the Bianconeri snatch top spot.Ronaldo celebrated his achievement in an Instagram post which he ended with: “Next stop: 800 goals! Let’s go!”The result and performance will ease some of the pressure on Juventus coach Andrea Pirlo. The 41-year-old former Juventus player is a few months into his first coaching job and has come in for criticism after several disappointing displays from his team.“I’m young and I know I have to improve like my players, but I’ll go ahead with my work,” Pirlo said. “I feel ready for the match at Barcelona, those were the easiest games to play in and I think they will be the same as a coach. Certain matches change your season in terms of confidence, we’re going there to win.”Juventus had rested Ronaldo this past weekend and was held to a disappointing draw at Benevento in Serie A but made a big impact on his return.Juventus broke the deadlock in the 21st minute when Chiesa rose high at the far post to head in Alex Sandro’s cross from the left.Alex Sandro created another great opportunity 10 minutes later, weaving past two defenders before setting up Ronaldo, but his effort cannoned off the crossbar.Juventus almost conceded at the end of the first half as goalkeeper Wojciech Szczesny had to come flying off his line to deny Viktor Tsyhankov.Ronaldo did get on the scoresheet in the 57th for his 750th goal for club and country — and one of the easiest. Chiesa raced down the right flank and whipped in a cross which the goalkeeper pushed onto Morata's leg before the ball bounced toward Ronaldo, who was left with the simplest of tap-ins at the far post.Chiesa was also involved in Juve’s third goal as he burst into the box and picked out Morata, who coolly slotted it into the bottom right corner.It was Morata’s sixth goal in the competition this season.___More AP soccer: https://apnews.com/Soccer and https://twitter.com/AP_SportsThe Associated Press
The UFC's final event of a pandemic plagued 2020 could not go unscathed by COVID-19. Leon Edwards and his UFC Vegas 17 headlining bout opposite Khamzat Chimaev became the latest casualties of a trying year. Edwards contracted COVID-19, which negated his ability to train for the fight and resulted in him losing 12 pounds over four days. He was subsequently removed from the UFC Vegas 17 main event, which the fight promotion hopes to reschedule in early 2021, possibly as soon as January. While readily identifying the fight's postponement as a hit to him, Edwards was quick to acknowledge that things could have been much worse for him, and things are much worse for many other people. "Another setback, but when you come from the mud you learn to put everything in perspective. This virus has affected many lives and families much worse than mine. Looking forward to getting this rebooked soon, thank you all for the well wishes."Leon Edwards on Twitter https://twitter.com/Leon_edwardsmma/status/1334162543263305729?s=20 Though UFC officials have yet to make it official, it is expected that a welterweight bout between Stephen Thompson and Geoff Neal would move into the headlining spot. The bout was already slated for the UFC Vegas 17 fight card. TRENDING > Khabib has no interest in fighting Conor McGregor again, reveals new fight promotion Trending Video > Mike Tyson: UFC was kicking Boxing's Butt (Subscribe to MMAWeekly.com on YouTube)
The Canadian icon called the refusal to adopt the federal app “bizarre and dangerous.”
A group of U.S. states led by New York is investigating Facebook Inc for possible antitrust violations and plans to file a lawsuit against the social media giant next week, four sources familiar with the matter said on Wednesday. The Justice Department sued Alphabet Inc's Google in October. Facebook declined to comment.
AMC Networks investor relations head Seth Zaslow is stepping down at year end, the company said Wednesday, expanding the role of Nicholas Seibert to VP, Corporate Development and Investor Relations. Seibert will continue to report to John Hsu, AMC Networks Executive Vice President, Corporate Development and Treasurer. Zaslow joined AMC Networks in 2011 and oversaw […]
RALEIGH, N.C. — A federal judge wrongly blocked North Carolina's latest photo voter identification law, an appeals court ruled Wednesday, deciding she erred when declaring the requirement was tainted by racial bias largely because a previous voter ID law had been struck down on similar grounds. The unanimous opinion by a 4th U.S. Circuit Court of Appeals panel reversing a December 2019 preliminary injunction by District Judge Loretta Biggs doesn't mean the 2018 voter ID requirement can now be carried out. But the decision improves the position of Republican lawmakers, who for years have sought IDs for voting, to require it for the 2022 elections. Biggs' ruling had essentially blocked the ID requirement for the 2020 elections. The mandate “must be implemented for the next election cycle in our state,” Republican House Speaker Tim Moore said in a release praising the ruling. The 4th Circuit ruling puts aside many arguments by civil rights groups that sued over the law. They contend, in part, that the current voter ID rules are but a “barely disguised duplicate” of a 2013 voter ID law that other 4th Circuit judges previously declared Republicans enacted with intentional racial discrimination in mind. Leaders of the Republican-controlled legislature have said there was no such intent while approving either law. “The outcome hinges on the answer to a simple question: How much does the past matter?” Circuit Judge Julius Richardson, a nominee of President Donald Trump to the court, wrote in the opinion. While citing a U.S. Supreme Court decision, he added: “A legislature’s past acts do not condemn the acts of a later legislature, which we must presume acts in good faith." Richardson wrote Biggs' injunction must be overturned “because of the fundamental legal errors that permeate the opinion” and “irrevocably affected its outcome.” Circuit Judges Pamela Harris, a nominee of former President Barack Obama, and Marvin Quattlebaum, a Trump nominee, joined in the opinion. Trials are still expected before Biggs and in state court in 2021 in separate lawsuits challenging the law implementing a 2018 amendment to the state constitution that required the use of photo ID to vote in North Carolina elections. And a state appeals court ruling that blocked the ID requirement from being imposed remains in place. Leaders for the state NAACP and several local NAACP chapters that sued in federal court said Wednesday they were reviewing appeals options but were confident they would win at trial. “Our fight continues no matter the makeup of any court or any one decision, good or bad, on the journey to free and fair political participation,” state NAACP president the Rev. Anthony Spearman said in a release. Biggs wrote last Dec. 31 that many of the same GOP leaders and legislators who passed the 2018 law were in the legislature five years earlier, when they had received data that broke down voter behaviour by race. She suggested that racial data was still in the minds of many legislators in 2018. Biggs, who is Black and an Obama appointee, also pointed to the state's “sordid history of racial discrimination and voter suppression” continuing to present times. But Richardson wrote there were differences compared with 2013. A majority of voters had approved a constitutional amendment requiring photo ID in November 2018. Legislators weeks later approved supplemental laws to carry it out. “The people of North Carolina had interjected their voice compared into the process,” Richardson wrote. The supplemental laws also expanded the types of qualifying IDs and how registered voters without IDs could have their votes counted. Richardson pointed out the legislation received votes from a handful of Democrats following several days of debate and approved changes sought by bill opponents. “The 2018 Voter ID Law is more protective of the right to vote than other states’ voter ID laws that courts have approved,” Richardson wrote. The three-judge panel does not doubt that “there is a long and shameful history of race-based voter suppression in North Carolina,” wrote Richardson, but Biggs “considered the North Carolina General Assembly’s past conduct to bear so heavily on its later acts that it was virtually impossible for it to pass a voter ID law that meets constitutional muster.” More than 30 states require some form of voter ID. Supporters of the photo ID mandate say it builds confidence in election results. But data shows voter impersonation is rare. Voter ID opponents, which include Democratic Gov. Roy Cooper, have said the mandate puts needless obstacles in the way of people otherwise legally qualified to vote. Gary D. Robertson, The Associated Press
The museum has responded to complaints that a peanut butter focused menu was "tone deaf" in light of nut allergies.
WASHINGTON — A Federal Reserve survey of business conditions around the country found that economic activity in several regions slowed in November as coronavirus cases surged. The Fed report released Wednesday said that overall, the Fed's 12 regional banks characterized the economic expansion as “modest or moderate." But it noted that three Midwest regions and the Philadelphia region reported activity had begun to cool in early November as COVID-19 cases surged. Four districts reported “little or no growth” during November, while five others reported that activity remained well below pre-pandemic levels in some sectors. Kathy Bostjancic, chief U.S. financial economist for Oxford Economics, said the latest Fed survey showed the recovery continues to be uneven across many sectors of the economy. The report said that among the sectors doing better were manufacturing, housing construction and existing home sales. But banks said there had been deterioration in their loans, particularly those to retailers and the leisure and hospitality industries. The report said that most districts found that local businesses' optimism has “waned,” with many citing concerns about the wave of virus cases and renewed lockdown restrictions. The report also said there was concern about the looming expiration dates for government support programs, including extended unemployment benefits and the moratoriums that have been in place on evictions and foreclosures. The report, known as the beige book, will be used by Fed officials when they hold their last meeting of the year on Dec. 15-16 to discuss possible changes to the central bank's interest-rate policies. In response to the deep recession brought on when the virus struck with force in March, the Fed slashed its key interest rate to a record low and began buying billions of dollars in Treasury bonds and mortgage-backed securities to put downward pressure on long-term rates. The Fed is expected to maintain its ultra-low interest rates over the next three years. But it may also decide as soon as this month's meeting to expand the support it is providing through its bond purchases, especially if Congress is unable to pass further economic relief legislation in the lame-duck session. At a congressional hearing Wednesday, Fed Chairman Jerome Powell said that increased support from Congress is needed as a bridge between the current economic troubles and the time next year when a virus vaccine is expected to be widely available. The new Fed survey said that while employment increased during November, the pace of job gains was slow at best. Many of the Fed's business "contacts noted that the sharp rise in Covid-19 cases had precipitated more school and plant closings and renewed fears of infection, which have further aggravated labour supply problems,” the report said. “Providing for childcare and virtual schooling needs was widely cited as a significant and growing issue for the workforce, especially for women.” The Fed survey said that the staffing issues had prompted some companies to extend greater accommodations for flexible work schedules. The Philadelphia district reported that sharply rising COVID-19 cases in November had “heightened concerns over anticipated layoffs, foreclosures, evictions and bankruptcies.” The Fed's St. Louis regional bank, meanwhile, reported that conditions had deteriorated toward the end of November, while the Minneapolis region reported a softening in consumer demand due to rising virus infections. The Dallas district said that energy activity remained depressed and business prospects were “highly uncertain due to looming concerns surrounding political uncertainty and the unknown course of the pandemic.” Martin Crutsinger, The Associated Press
IOWA CITY, Iowa — A Democratic congressional candidate who trailed by six votes after a recount said Wednesday she will forgo further legal challenges in Iowa and instead appeal directly to the U.S. House for additional recount proceedings. Rita Hart's campaign had until Wednesday afternoon to contest the election under Iowa law following Monday's certification of results in which Republican Mariannette Miller-Meeks was declared the winner of the closest House race in decades. An election contest in Iowa would have set in motion the formation of a five-judge panel that would have been required to rule on who won the race by Tuesday, Dec. 8. Hart's campaign said that quick timeline would not allow enough time to review all the ballots, including thousands of unexamined undervotes and overvotes and a small number of others that were not counted for a variety of reasons. Instead, the campaign said that Hart would file an election contest with the U.S. House under the Federal Contested Elections Act in the coming weeks. Such a filing, due within 30 days after Monday's certification, will trigger a proceeding in front of the House Committee on Administration that would allow Hart to gather testimony and evidence. The Democratic-controlled House could also direct the committee to conduct its own investigation and recount, a process that in the past has included reviewing election records and examining disputed ballots. Ultimately, the committee would file a report to the full House with its findings on who won the most votes and recommending who should fill the seat representing southeast Iowa. The House could act on a simple majority vote. It wasn't clear whether the process would prevent Miller-Meeks from taking office on Jan. 3 to represent the district, which includes Davenport, Iowa City and much of southeastern Iowa. Based on its precedent, the House could ask Miller-Meeks to step aside or remain seated while other representatives-elect stand to take the oath of office, according to the Congressional Research Service. Miller-Meeks would likely be sworn in separately and allowed to serve pending the outcome of the contest, given that her victory has been certified by the state. Or, the House could refuse to allow her to be seated, although that has been done only under “the most extraordinary circumstances” in elections marked by widespread irregularities. Iowa Secretary of State Paul Pate, a Republican, noted that a record number of district voters participated in the election, and he said they deserved to have any challenge decided by Iowa judges. “The will of Iowa voters should not be overturned by partisan Washington, D.C., politicians,” said Pate, who would have acted as the clerk for the Iowa contest court. Pate added that a “bipartisan and transparent recount” confirmed Miller-Meeks' victory by a margin of 196,964 to 196,958. But retiring Rep. Dave Loebsack, a Democrat who has represented the district since 2007, said he would urge the House to consider Hart's challenge given the historically close margin separating the candidates. “All ballots must be reviewed to accurately count voter intent,” he said. Hart requested a recount in all 24 counties in the district after trailing by 47 votes, following the discovery of tabulation errors that twice flipped the lead back and forth between the two candidates. The recount cut the deficit to six votes. Hart's campaign noted that elections officials did not review all ballots that the machines considered overvotes or undervotes to determine voter intent, and were barred from considering others that were not counted during the initial canvass. “While that recount considered more votes, limitations in Iowa law mean there are more legally cast votes left to be counted,” Hart campaign manager Zach Meunier said. “With a margin this small, it is critical that we take this next step to ensure Iowans’ ballots that were legally cast are counted.” The campaign said that some of the uncounted ballots came from active-duty military members overseas. Miller-Meeks campaign lawyer Alan Ostergren criticized Hart for bypassing the Iowa legal system in favour of a process that will be overseen by House Democrats, arguing that a state contest would have confirmed the outcome. “Rita Hart has chosen a political process controlled by Nancy Pelosi over a legal process controlled by Iowa judges. All Iowans should be outraged by this decision,” he said. The race is the closest House contest since one in Indiana in 1984. In that case, the Democratic-controlled House voted to seat the Democratic incumbent Frank McCloskey after its recount determined he won by four votes, nullifying the state's certification of his Republican challenger as the winner. Ryan J. Foley, The Associated Press
Syracuse had just one day to prepare for its season opener against Bryant. With nearly a week of practice under their belts since that contest, the Orange look to put together a better performance Friday when Niagara and favorite son Greg Paulus come to visit. After coach Jim Boeheim tested positive for COVID-19, Syracuse (1-0) shut down its program Nov. 15 until Thanksgiving.
New and exclusive series from Kevin Hart, Chip and Joanna Gaines, Bobby Flay and Giada De Laurentiis, and David Attenborough are coming to Discovery+.
For every 100 dollars donated to a charitable organization in Canada, as little as seven cents go toward supporting Black charities, concludes a new first-of-its kind study of the country's philanthropic sector and its impact on Black communities.The report by the Network for the Advancement of Black Communities and Carleton University's Philanthropy and Nonprofit Leadership program found Black charities are significantly underfunded in Canada. The researchers say the country's philanthropic sector has "failed" to meet the needs of Black people in Canada. Camesha Cox, founder of the non-profit literacy organization The Reading Partnership for Parents, has seen the effects of that lack of funding first hand.The organization, based in Scarborough, works to give moms and dads the skills to help teach their children to read, with a specific program geared toward Black parents. "Black children are disproportionately represented in the number of kids that are struggling to meet provincial standards for reading in this community," Cox told CBC News.'No clear commitment from any funder'But while the organization has existed for nine years, Cox still regularly struggles to secure funding. "I cannot plan past March 2021 right now because we have no clear commitment from any funder," she said.It's a reality facing many Black community organizations, not only in Toronto, but across the country, according to the study, which is titled Unfunded: Black Communities are Overlooked by Canadian Philanthropy.The study examined data from the funding portfolios of 40 public, private and community foundations for the years 2017 and 2018. The researchers found just seven to 30 cents for every 100 dollars donated to 40 of the leading foundations in Canada end up helping Black charities. On top of that, 63 per cent of the Black community organizations that were respondents in the study said they will run out of funding in less than six months. Philanthropy 'quite white,' study author says"Over the last decade as the leader of a Black organization myself, we've witnessed countless Black-led organizations shut their doors, said Liban Abokor, one of the study authors and the executive director of the non-profit organization Youth LEAPS. "And this trend doesn't seem to be letting up anytime soon.""Philanthropy really is quite white from staffing to executive leadership to the board. When you ask yourself how do the funding decisions reflect the make up of the landscape, you shouldn't be surprised that Black communities have been excluded," he said. The report suggests a Black-led model of community philanthropy is one solution for the lack of investment, saying particularly with the wide-ranging impacts of COVID-19, the federal government must put in place specific supports to assist with the recovery of Black Canadians in particular.The federal government has taken steps in this direction, the report says, including creating a capital grant program to help non-profits retro-fit their spaces and buy much-needed equipment and the $221 million Black Business and Entrepreneurship program. The report also says large charities need to diversify their boards and actively include Black communities and their needs in their mandate.
'Love you guys,’ the American Pie actor followed up
Yahoo Finance’s Alexis Christoforous and Gus Faucher, Chief Economist, The PNC Financial Services Group, discuss the latest stimulus negotiations.
Civeo Corporation (NYSE: CVEO) today announced that on December 2, 2020, Civeo was notified by the New York Stock Exchange (NYSE) that the Company has regained compliance with the NYSE's continued listing standards.