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BNY Mellon Wealth Management CEO Catherine Keating joins Influencers with Andy Serwer to discuss why strong bank earnings directly correlate to the economy.
BNY Mellon Wealth Management CEO Catherine Keating joins Influencers with Andy Serwer to discuss why strong bank earnings directly correlate to the economy.
(Bloomberg) -- Stocks climbed as data showing the world’s largest economy is strengthening rapidly overshadowed inflation worries. Gold and silver rallied. The dollar retreated.The S&P 500 wiped out earlier losses, with most major groups rising, while the Dow Jones Industrial Average hit an all-time high. Shares of vaccine makers trimmed declines as German Chancellor Angela Merkel weighed in against a U.S. proposal to waive patent protections for Covid-19 shots. PayPal Holdings Inc. jumped as its results topped Wall Street estimates. Coinbase Global Inc., the operator of the biggest U.S. cryptocurrency, sank to a record low as investors fled high-flying market newcomers.Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low as labor market conditions continued to improve and the economy reopened more broadly. Traders are now awaiting Friday’s employment report, which is expected to show the U.S. added about 1 million jobs in April -- a sign that fewer business restrictions are bringing more Americans back to work.“With jobless claims hitting a pandemic-era low, anticipation for the full jobs picture tomorrow mounts,” said Mike Loewengart, managing director of investment strategy at E*Trade Financial. “Today’s read is another proof point that we’re one step closer to full economic recovery. As we see some serious momentum building on the jobs front, all eyes will be on how this plays into action taken by the Fed.”After closing at a fresh high on Wednesday, the Dow Jones Transportation Average -- considered a barometer of economy activity -- surged 25% above its 200-day moving average. The move could be “perceived as indicative of strength likely to continue in the broader equity market,” said Bloomberg Intelligence’s Gina Martin Adams.These are the main moves in markets:StocksThe S&P 500 rose 0.4% as of 12:25 p.m. New York timeThe Nasdaq 100 rose 0.5%The Dow Jones Industrial Average rose 0.5%The MSCI World index rose 0.4%CurrenciesThe Bloomberg Dollar Spot Index fell 0.3%The euro rose 0.4% to $1.2053The British pound was little changed at $1.3893The Japanese yen was little changed at 109.11 per dollarBondsThe yield on 10-year Treasuries was little changed at 1.57%Germany’s 10-year yield was little changed at -0.23%Britain’s 10-year yield declined three basis points to 0.79%CommoditiesWest Texas Intermediate crude fell 1.1% to $65 a barrelGold futures rose 1.8% to $1,816 an ounceFor 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.
Hotwire Expands Corporate and Executive Communications Team with Senior Media Relations & Executive Communications Leaders
The first such vaccination centre was set up in Dadar this week.
NAPA, Calif., May 06, 2021 (GLOBE NEWSWIRE) -- Crimson Wine Group, Ltd. (OTCQB: CWGL) today announced that Annette Alvarez-Peters has been appointed to the company’s board of directors, succeeding Craig Williams, who is retiring from the Crimson board, effective immediately. Alvarez-Peters brings to Crimson extensive managerial and merchandising experience in the wine and spirits business. She is the founder of annette a.p. Wine & Spirit Inc., a consultancy focused on business development and merchandising for the wine and spirits industry. Alvarez-Peters previously held a 37-year career with Costco Wholesale, including 25 years in the Beverage Alcohol Department, retiring as Assistant Vice President and General Merchandise Manager. A top leader in the industry, Alvarez-Peters has been recognized by M. Shanken Communications, publisher of Wine Spectator; Wine Business Monthly; Decanter; and Wine Enthusiast. She holds the Diploma Certification from Wine & Spirits Education Trust and the Certified Wine Educator designation from Society of Wine Educators. “We are delighted that Annette has joined our board and look forward to valuable new perspectives she will bring to Crimson,” John D. Cumming, Chairman, said. “On behalf of the entire board and management team, I also wish to acknowledge and thank Craig Williams, who will remain available to us on as as-needed consulting basis, for the many contributions he has made to our company.” About Crimson Wine Group Based in the Napa Valley, Crimson Wine Group crafts benchmark wines from exceptional vineyards in premier wine-growing regions throughout the United States. The company owns and manages approximately 1,000 acres of vineyard land across six distinct regions, along with a diverse collection of exceptional domestic estates and wine brands, including Pine Ridge Vineyards (Napa, Calif.), Seghesio Family Vineyards (Healdsburg, Calif.), Archery Summit (Dayton, Ore.), Chamisal Vineyards (San Luis Obispo, Calif.), Double Canyon (West Richland, Wash.), Seven Hills Winery (Walla Walla, Wash.) and Malene Wines (Santa Luis Obispo, Calif.) For more information, please visit www.CrimsonWineGroup.com. For More Information, Contact: Crimson Wine GroupTina Hilger707.email@example.com PondelWilkinson Inc.Roger Pondel310.firstname.lastname@example.org
GreenPath presents "The Financial Transformation You’ve Been Waiting For!" feat. "The Budgetnista" Tiffany Aliche on Tues. May 18th at 6:00 p.m. ET.
COVID-19 cases in Canada's most populous province edged over 3,000 again as Ontario expanded vaccination bookings and several regions in the country prepared to roll out shots to teenagers. Ontario reported 3,424 new cases Thursday and 26 more deaths linked to the virus. While that's an increase from the 2,941 cases reported Wednesday, Ontario's seven-day average dropped to 3,369 — down from a record-high 4,348 on April 19. Eyes are also on Nova Scotia where an alarming upswing pushed daily counts to a pandemic-high of 175 on Wednesday, and Alberta, where 2,271 cases reported Wednesday ushered in a slew of new containment measures. Alberta is averaging 2,035 new daily cases over the last week. Nunavut reported 12 new cases of COVID-19 on Thursday, all in Iqaluit, the province's capital city of about 8,000 people. People aged 50 and older across Ontario are among new groups who can now book a COVID-19 vaccine appointment provincewide. Those with high-risk health conditions, and a number of employees who cannot work from home are also eligible to get the shot. Ontario says it expects 65 per cent of adults to have their first dose of a COVID-19 vaccine by the end of May. Ontario Health Minister Christine Elliott said Wednesday the province will soon expand its rollout to include 12 to 15-year-olds after Health Canada authorized the Pfizer-BioNTech vaccine for that age group. The Northwest Territories said it would open vaccine eligibility for teens starting Thursday, while Alberta will open booking up to that young age range as of Monday. Manitoba said it will start vaccinating those 12 to 15 on May 21. Data released by Public Health Ontario on Wednesday showed how effective Canada's approved COVID-19 vaccines have been. It found that from the beginning of the rollout Dec. 14, 2020 to April 17, only 2,223 people tested positive for COVID-19 out of almost 3.5 million people vaccinated with at least one dose. The majority of those cases — 66.9 per cent — occurred within 14 days of receiving a first dose, when immunity had not yet been established. Less than four per cent of post-vaccination COVID-19 cases happened seven or more days following a second dose. Canada achieved a new milestone in its vaccination program Wednesday, surpassing the vaccination rate in the United States for the first time. The Our World in Data project, which tracks vaccinations around the world, says the United States injected doses at a rate of 6.4 doses for every 1,000 people on Wednesday. Canada injected 6.6 doses for every 1,000 people. Canada has vaccinated 13.6 million people with at least one dose, or almost 36 per cent of the population. This report by The Canadian Press was first published May 6, 2021. The Canadian Press
(Bloomberg) -- German Chancellor Angela Merkel weighed in against a U.S. proposal to waive patent protections for Covid-19 vaccines, casting doubt on whether the idea has enough international support to become a reality.The U.S. plan would create “severe complications” for the production of vaccines, a German government spokeswoman said Thursday in an email. Without the incentive of profits from research and development spending, drugmakers might not move as aggressively to make vaccines in the future, the industry has argued.Pharmaceutical stocks that had sunk on the news of the U.S. proposal rebounded on Merkel’s stance. Moderna Inc. was down 2.1% after falling as low as 12% earlier. CureVac NV fell 5.4%, an improvement from its earlier 13% decline, while BioNTech SE was down 3.5% after earlier dropping 15%.The U.S., Germany and other countries will take up debate over the idea in the coming weeks via the World Trade Organization, pitting the idea of sharing proprietary know-how against the need to boost global supplies, especially in developing countries that have struggled to get their populations inoculated. Merkel’s position shows she’s sympathetic to the argument of drugmakers such as Mainz, Germany-based BioNTech, whose vaccine with Pfizer Inc. uses cutting-edge messenger RNA technology.“The limiting factor for the production of vaccines are manufacturing capacities and high quality standards, not the patents,” the German government spokeswoman said. “The protection of intellectual property is a source of innovation and this has to remain so in the future.”Officials and diplomats in Brussels cautioned that such discussions will take months and will likely result in partial waivers only, as there’s little chance the EU and the U.S. will agree to cede intellectual property for the revolution of its mRNA technology with China. In any case, most poor countries in the world have neither the capacity nor the expertise to produce such advanced treatments. A more immediate solution to the problem, the officials said, would be for the U.S., the U.K and others to follow the EU’s lead and lift their effective restrictions on vaccine exports to those who need it.The U.S. and Europe have been strong supporters of IP protections at the WTO, particularly as a way to enforce problems like Chinese patent infringement. As the pandemic leads to some of the world’s more monumental and lucrative scientific discoveries, defenders of IP rights are warming to some exceptions on ethical grounds even though the drug companies argue it’ll do more harm than good.As the U.S. inoculations advanced and outbreaks diminished in recent weeks, the White House came under pressure from progressive Democrats and public-health advocates to take a stance while India in particular suffers from surging deaths and infections.“In terms of how soon the WTO can deliver -- that literally depends on the WTO members, collectively, being able to deliver,” U.S. Trade Representative Katherine Tai said in an interview Wednesday. “I am the first one to admit that what we are leaning into is a process that is not going to be easy.”WTO Director-General Ngozi Okonjo-Iweala welcomed the U.S. decision to support the waiver and wants countries to come to a decision by the time of the organization’s ministerial meetings in December, spokesman Keith Rockwell said.Many WTO members see the issue as important, and the U.S. and EU have “taken note” of U.S. support, Rockwell said in an online press briefing Thursday after the second day of a general council meeting in Geneva.(Updates with more German government comments, details from fifth paragraph)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.
A putting green? Massage room? This astronomical Newport Beach palace has everything — including one of the heftiest price tags in the area.
Fundamental Income, a Phoenix-based net lease real estate platform, announces its NETLease Corporate Real Estate ETF, traded on the New York Stock Exchange Arca as NETL, will move from a quarterly dividend schedule to monthly. The Fund is expected to pay a monthly dividend of $0.09 per share with any additional accumulated dividends paid at year-end.
Amaravati (Andhra Pradesh) [India], May 6 (ANI): Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Thursday held a review meeting on the prevailing situation and containing COVID and vaccination across the state and directed the officials to increase the availability of beds for COVID treatment.
The memorabilia was sold by auction house Bonhams on Wednesday.
It is believed the British pair are close to finalising a deal to fight in late July or early August in Saudi Arabia.
The original intent of the holiday is not as clear as some would imagine, and comes with an at-times-dark history, full of bizarre twists and turns.
Winery and brewery automation software has a new owner.
The renowned Online Food Ordering System offers valuable information to customersWarszawa, Poland, May 06, 2021 (GLOBE NEWSWIRE) -- UpMenu, the trusted and reliable Online Food Ordering System, has ranked the top fast food restaurants in the USA, offering consumers a benchmark on the best places to order from in the country. UpMenu has revolutionized food ordering not only in the country but around the world. In fact, it now has its presence in more than 100 countries as over 5700 restaurants are using its system to their advantage. Quite simply, this pioneering system takes the hassle and delays out of food ordering to make the process quite smooth. It thus allows food businesses and establishments to start catering to new customers and making money at the earliest. UpMenu.com This Online Food Ordering System has certainly had its huge benefits in the past year of the pandemic. With an increasing number of patrons relying on takeaways and food deliveries, it gave a shot in the arm to restaurant owners. They have been able to cater to customers in troubled times while growing their businesses. Thus it has been the recipe for a win-win situation for everyone. Studies have shown that 70% of customers would prefer to order directly from a restaurant ordering system rather than relying on third-party platforms. But unfortunately, many restaurants around the world are not equipped to handle orders online. That’s where the Online Food Ordering solution by UpMenu comes into the picture giving restaurants the cutting edge advantage. For starters, this software can be easily integrated into a restaurant website. Moreover, UpMenu also has a website builder solution, which can be used by restaurants that don’t have an existing website. Once the software is installed, restaurants can start taking orders seamlessly and without having to pay high commissions to third-party platforms. Thus it can save them huge amounts in the long run. Online Food Ordering certainly has its advantages over traditional orders via phone. It avoids any human errors and the orders are displayed smartly on the system within seconds. It thus makes the task more streamlined and efficient for restaurants. It has been seen that online orders have 18% more value than orders taken via phone. Restaurants also get insights through menu management and accurate ordering, which encourage them to curate the best menus. This smart solution is also designed to reduce delivery costs for restaurants. It does that by drawing delivery areas on the map with minimum value of orders and delivery costs. This Online Food Ordering System supports cashless payments, which allows restaurants to add new customers. Restaurants can also get product sales reports from the menu, which is another crucial insight to make smart business decisions. With this dynamic system, UpMenu has changed the game for restaurants around the world as they have boosted their profitability. And it has now ranked the top fast food restaurants in the US, offering valuable information for customers and keeping its platform engaging for everyone. About UpMenu.com UpMenu.com is a pioneering Online Food Ordering solution that has made its mark in over 100 countries with over 5700 restaurants that have processed more than 4.1 million orders so far. ### Media Contacts: +48531720941 URL: https://www.upmenu.com/
Life Spine won a second ruling barring Aegis Spine, Inc. from marketing, selling, or distributing devices in its AccelFix-XT product line.
A short-seller report from Hindenburg Research questions the plastic recycler's technology as well as management's motives.
Regulator found the company’s Environmental Protection Program was not adequate to manage contaminated sitesCALGARY, Alberta, May 06, 2021 (GLOBE NEWSWIRE) -- Today the Canada Energy Regulator (CER) released full details of its $40,000 Administrative Monetary Penalty to Trans-Northern Pipelines Inc. (TNPI), the maximum amount based on the facts of this case. The company had received multiple notices of non-compliances and enforcement actions related to contaminated sites, and issuing this fine was the next step in our effort to bring the company into compliance. This is the second financial penalty issued to TNPI in less than 10 months, with the last one issued in July 2020 related to an incident where a contractor hit a pipe while digging. Companies are required to develop, implement and maintain an environmental protection program (EPP) that anticipates, prevents, manages and mitigates conditions that could have a negative impact on the environment. The CER issued the penalty to TNPI for not being able to show that its environmental protection program met CER requirements for the management of contaminated sites, a violation of Section 48 of the Onshore Pipeline Regulations (OPR). In this case, contamination along a TNPI pipeline migrated off the right-of-way into a nearby back yard, coming within five to ten metres of a home. The penalty was issued because the company couldn’t prove that it had done what it should to keep the contamination from spreading. At the time of the 2019 field inspection, CER inspectors found that there were too many unknowns to fully understand the potential risk to human health and the environment, so they issued an Inspection Officer Order requiring the company to do more sampling of the area and submit results to the CER. The company completed the required testing and was given permission to resume work on June 3, 2019. Based on the data submitted, residents are not exposed to unsafe levels of contamination. TNPI has submitted a plan to clean up the site to the CER, and is currently testing the proposed clean up technology. The CER is currently reviewing the company’s plan and awaiting the results of the test. In the meantime, the company has been conducting regular monitoring of soil vapour and groundwater, and is submitting the results of these tests to us on a regular basis so that TNPI and the CER can monitor the situation and ensure the residents are protected throughout the process. An administrative monetary penalty is only one tool in the CER’s enforcement toolkit. Other enforcement tools available to the NEB include Notices of Non-Compliance, Inspection Officer Orders, Safety Orders, revocation of a company’s authorization to operate; and even in extreme cases, criminal prosecution. We will never hesitate to take enforcement action if required and we do so is in a way that is fair and transparent. Quote “The companies we oversee have to do everything they can to keep people and environment safe. This penalty is yet another way we are working to make sure something like this doesn’t happen again.” Gitane De Silva Chief Executive Officer Canada Energy Regulator Quick Facts AMPs are financial penalties imposed by a regulatory body in response to violation of legislative requirements.AMPs provide regulatory agencies with a flexible enforcement tool to complement other types of regulatory sanctions such as notices of non-compliance, orders, warning letters and directions.The amount of an AMP is calculated using a set formula that is fixed in the CER’s regulations.An AMP can be issued within two years of the event.We require that companies develop and have EPPs to anticipate, prevent, manage and mitigate conditions that could adversely affect the environment. Related Products Notice of Violation AMP-001-2021 Associated Links Administrative Monetary PenaltiesAdministrative Monetary Penalties Process GuideCER Enforcement PolicyPipeline Profile – Trans-Northern The Canada Energy Regulator (CER) works to keep energy moving safely across the country. We review energy development projects and share energy information, all while enforcing some of the strictest safety and environmental standards in the world. To find out how the CER is working for you visit us online or connect on social media Contacts Erin Dottor Communications Officer Canada Energy Regulator Email: email@example.com Telephone: (403) 629-2732 Telephone (toll-free): 1-800-899-1265
The shootout took place during a police operation in a favela in the city.
Paramount+ is the latest streamer to plant a flag on “one-movie-a-week” land as parent ViacomCBS boosts content spending in the wake of a big capital raise earlier this year. “Frankly, there are not that many movies on Paramount+ today,” said CEO Bob Bakish in a call with analysts after the company released quarterly earnings. He […]