Af Pernille Vermund, Nye Borgerlige Kan vi altid og uden tvivl stole på, at sagsbehandlere og andre ansatte i det offentlige er upartiske og redelige, hvis de har deres rødder i et andet land, kommer fra en islamisk klankultur og måske endda er religiøse muslimer, der sætter islam over danske værdier? Jeg ville gerne, men det kan jeg ikke. Jeg...
L’inconnu – An unknown prime minister reinforces Macron’s centralised presidency | Europe
IT HAS LONG been a constitutional perk for a French president to treat the country’s prime minister as a shock-absorber: useful for cushioning damage, replaceable when worn out. Under the Fifth Republic, only one president, Nicolas Sarkozy, has governed with the same prime minister for his entire term. It is more unusual, however, to get rid of a prime minister...
Annexon Initiates $100 Million IPO Effort (Pending:ANNX)
Quick Take Annexon (ANNX) has filed to raise $100 million in an IPO of its common stock, according to an S-1 registration statement. The company is a clinical stage biopharma developing antibodies for treating autoimmune and neurodegenerative diseases. ANNX is targeting a number of sub-$1 billion markets with a single candidate, ANX005. When we learn more about the IPO’s pricing...
Chinese electric vehicle maker Li Auto files for U.S. listing
A man with a face mask walks by television screens outside the Nasdaq Market Site, after further cases of coronavirus were confirmed in New York, at Times Square in New York, U.S., March 9, 2020. REUTERS/Shannon Stapleton BEIJING (Reuters) – Chinese electric vehicle (EV) maker Li Auto Inc, backed by food delivery giant Meituan Dianping (3690.HK), has filed for a...
US Single-Day COVID-19 Cases Top 70k For First Time; In India, Cases Top 800k: Live Updates
The US reported yet another record-breaking single-day number of new coronavirus cases on Friday. And while counts by Johns Hopkins and others put the total at roughly 64k cases, a tally by worldometer put the number of new cases at 71,787, the first time the US has reported more than 70k cases in a day. Those numbers brought the case...
Carmakers turn to the silver screen to boost sales
Carmakers in Germany are counting on the lure of the silver screen to sell their latest models during the coronavirus pandemic. Audi, Porsche and Seat are enticing motorists to drive-in events designed to encourage customers to buy their cars, as the industry suffers the sharpest slowdown in decades. The carmakers, all Volkswagen Group brands, are offering customers the chance to...
Disney’s parks chief feels ‘really good’ about Disney World reopening
With Minnie and Mickey, Josh D’Amaro waves to guests gathered on Main Street USA, in the Magic Kingdom in the final minutes before the park closed, Sunday night, March 15, 2020, in Lake Buena Vista, Fla. Walt Disney World announced that all their Florida parks will be closed for the rest of March as a result of the coronavirus pandemic....
China’s June air passenger numbers fall 42.4% year-on-year
Via Yahoo Finance BEIJING (Reuters) – China’s aviation regulator said on Friday that passenger numbers fell 42.4% in June from a year earlier. That compared with a year-on-year decline of 52.6% in May. Passenger numbers fell 45.8% from a year earlier in the first half of this year, the regulator said. (Reporting by Stella Qiu and Ryan Woo; Editing by...
The Threats To The Bullish Thesis Have Grown
Authored by Lance Roberts via RealInvestmentAdvice.com, Since the March lows, the markets have rallied on optimism of a “V-shaped” economic recovery and constant stimulus from the Fed. So far, that has been the right call. However, in recent weeks, the threats to the bullish thesis have grown. We recently discussed the Fed’s inflation of an asset bubble. The crux of the analysis was the unprecedented...
3 Key Risks For Markets In The Second Half Of The Year
On the latest edition of Market Week in Review, Senior Quantitative Research Analyst Abraham Robison and Research Analyst Brian Yadao discussed the latest government responses to the coronavirus pandemic. They also chatted about the main risks for markets over the next several months and provided an update on the global economic outlook. UK unveils additional stimulus package The week of...
U.S. producer prices unexpectedly fall; underlying inflation stabilizing
WASHINGTON (Reuters) – U.S. producer prices unexpectedly fell in June as rising costs for energy goods were offset by weakness in services, pointing to subdued inflation that should allow the Federal Reserve to keep pumping money into the economy to arrest a downward spiral. FILE PHOTO: A worker prepares boxes of free food for distribution at the Chelsea Collaborative, which...
Europe: Rape Victims Accused of Racism
Via Gatestone Institute According to Sarah Champion, a UK Labor politician and MP for Rotherham (the epicenter of sex grooming gangs), “We need to understand racially and religiously aggravated crime if we are going to prevent it and protect people from it and if we are going to prosecute correctly for it.” (Photo by Christopher Furlong/Getty Images) An increasingly...
Seattle Officials Back Defunding Police By 50%, Mull 911 Overhaul
After four shootings over 10 days in Seattle’s cop-less ‘autonomous zone’ left two teenagers dead last month, the majority of City Council is now backing proposals to defund the police department by 50% and completely overhaul the city’s 911 system after an activist group, Decriminalize Seattle, launched a pressure campaign to redirect millions of taxpayer dollars to community organizations. The...
Election officials fear changes could confuse voters in November
A woman drops off her main in ballot outside the Denver Elections Division polling center as she votes in the primary election on June 30, 2020. Michael Ciaglo | Getty Images Voting officials are concerned that drastic changes to election procedures in response to the coronavirus will confuse voters in November. Dozens of states have expanded vote-by-mail access to give...
Nasdaq stocks led by Tesla continue their blistering run while chill envelops rest of the market
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images This stock market is like the old line about having one foot in a bucket of scalding water and the other in a bucket of ice, netting out to a neutral, if not comfortable, temperature. There’s the blistering Nasdaq, with its unassailable technology...
Seeking haven – The pandemic revives ultra-safe European bonds | Finance & economics
Jul 11th 2020 THE EURO ZONE has not been a hospitable place for investors seeking safety in recent years. The currency area’s pool of super-safe, AAA-rated sovereign securities shrank by 40% between 2007 and 2018. Rating agencies downgraded some of its members during the debt crisis of 2010-12. Two of its remaining top-rated issuers—Germany and the Netherlands—have energetically hacked away...
Huntington Ingalls: A Value Stock That’s Poised To Perform (NYSE:HII)
Value-investing likely will not gain mass popularity because the words “popular” and “value investing” are opposite from one another. To put it another way, if a stock were popular, then it likely wouldn’t be trading in value territory. While I don’t believe there is a one-size-fits-all investment strategy, I do believe in the merits of value investing as a viable,...
Amazon.com bans, then un-bans TikTok app from employee mobile devices
(Reuters) – In the span of a few hours on Friday, Amazon.com Inc banned and then unbanned the TikTok video sharing app from employee mobile devices, calling the move a mistake. FILE PHOTO: A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration The news generated widespread attention for the Chinese-owned social media...
Whitney: Looks Like Sweden Was Right After All
Authored by Mike Whitney via The Unz Review, Why is the media so fixated on Sweden’s coronavirus policy? What difference does it make? Sweden settled on a policy that they thought was both sustainable and would save as many lives as possible. They weren’t trying to ‘show anyone up’ or ‘prove how smart they were’. They simply took a more...
Straight Talk #9 – NorthmanTrader
Sven Henrich via Northman Trader The broader market has been in a trading range for the past 6 weeks. Following the June highs we’ve seen sizable corrections in small caps, banks and even the $NYSE, $SPX, $DJIA, transports and other sectors while the Nasdaq continues to race to ever more new highs with a few key stocks producing the largest...
Gold Is Still Undervalued | Seeking Alpha
From 2011 to 2012, gold underwent a two-year topping process at the $1,800/oz handle. Gold is now up over 18% YTD and recently breached this critical resistance level. Fundamental and macro analyses tell me that the gold bull market is still in the early innings, and this technical breakout serves as a confirmation signal of the current rally. (Source: goldprice.org)...