Hours after being reported missing, driving international headlines throughout Thursday morning, the mayor of the South Korean capital Seoul, Park Won-soon, has been found dead. South Korea’s Yonhap news agency reports the breaking news: Seoul Mayor Park Won-soon was found dead in northern Seoul, police said Friday, after he was reported missing by his family. Park’s...
France and Germany have proposed the first EU countermeasures in retaliation for China’s imposition of a sweeping national security law on Hong Kong. The three-pronged response would aim to boost the territory’s civil society by limiting exports of equipment used in internal repression, making it easier for activists facing political repression to stay long-term in...
Via RT Business Shares of Chinese e-commerce giant Alibaba soared over 10 percent, allowing it to overtake US social media firm Facebook by market capitalization and climb higher among the world’s most valuable firms. Alibaba stock enjoyed its biggest one-day percentage gain since its secondary listing in Hong Kong in November. At $261 per share,...
A worker dressed in personal protective equipment (PPE) passes a biohazard bag containing a self-administered COVID-19 test to a man at a testing center at Lincoln Park amid the coronavirus pandemic on July 07, 2020 in Los Angeles, California. Mario Tama | Getty Images California and Florida were among 12 states that hit a record-high,...
The ongoing shale bust is proving to be nothing short of catastrophic, leaving investors wondering whether even the titans will come out of it in one piece. Shale pioneers Chesapeake Energy and Whiting Energy have already filed for Chapter 11 with dozens more expected to follow suit while a colossal wave of asset write-offs sweeping through industry serves as an ominous sign...
Wirecard executive Jan Marsalek touted secret documents about the use of a Russian chemical weapon in the UK, as he bragged of ties to intelligence services to ingratiate himself with London traders. The documents, which have been reviewed by the Financial Times, included the formula for novichok, the world’s deadliest nerve agent. His use of...
Authored by Charles Kennedy via OilPrice.com, Tesla is very close to having the Level 5 autonomous driving technology that doesn’t require human input, chief executive Elon Musk said in a video message to the World Artificial Intelligence Conference (WAIC) in Shanghai on Thursday. “I remain confident that we will have the basic functionality for level 5 autonomy...
Via Peter Schiff July 9, 2020 by SchiffGold 0 0 Gold-backed ETFs closed out the first half of 2020 with their seventh consecutive month of inflows and significantly above the highest level of annual inflows, both in tonnage and US dollar terms. Globally, gold-backed funds added 104 tons of gold to their holdings in June. Global holdings now...
Jul 11th 2020 SCHUMPETER IS ONLY an amateur stargazer. His equipment is no fancier than a pair of eyes and a place in the countryside, away from London’s light pollution. That is enough to make out Venus, Mars, Jupiter and Saturn—and, occasionally, the International Space Station crossing the firmament. In the past few years a...
Lyra Therapeutics (NASDAQ:LYRA) is seeking to advance a new treatment modality for a very common condition called chronic rhinosinusitis. The company was founded by MIT’s Dr. Robert Langer who is a prolific inventor and patent holder and Harvard’s Dr. George Whitesides. Their drug device will likely be positioned as a second line treatment for the...
The US Supreme Court on Thursday ordered that Donald Trump’s financial records be turned over to prosecutors in New York, dealing a blow to a president who has broken with decades of tradition by keeping his tax returns secret. The 7-2 ruling gave the green light for the Manhattan district attorney’s office to obtain financial...
Via WND.com, Investigative reporter John Solomon says there’s a “lot of activity” in U.S. Attorney John Durham’s criminal investigation of the Obama administration’s probe of now-debunked claims of Trump-Russia collusion during the 2016 election. “My sources tell me there’s a lot of activity. I’m seeing, personally, activity behind the scenes [showing] the Department of Justice...
The Supreme Court on Thursday delivered split opinions in two cases over whether President Donald Trump can shield his tax records from investigators, handing a win to the Manhattan district attorney but rejecting parallel efforts by Democrats in the House of Representatives. Both cases were decided 7-2, with Chief Justice John Roberts authoring the court’s...
Via Yahoo Finance (Reuters) – Data analytics company Palantir Technologies Inc said on Monday it has confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) to go public. The confidential submission relates to a proposed public listing of the Class A common stock, Palantir said in a statement, adding that the listing is...
Big Oil majors have been scrambling to make the most ambitious climate commitments in the industry, planning a pivot to clean energy, talking about net-zero emission bills, solar, and wind. However, there is another clean energy source that has remained out of the spotlight–one that may eventually rise to prominence: geothermal. Geothermal energy is, simply...
China has acknowledged that ties with the US are at their lowest point since the normalisation of relations in 1979, in comments that suggest Beijing wants to ease tensions, analysts said. “What is alarming is that the China-US relationship is one of the most important in the world and it is facing its most serious challenge...
Update (1023ET): After granting NY prosecutors Trump’s tax returns, the Supreme Court has denied efforts by House Democrats to subpoena the records – and has kicked the case back to lower courts for further consideration. * * * The Supreme Court on Thursday ruled that a New York Grand Jury can have President Trump’s tax...
In my ongoing series on “7 Ways to Beat the Market”, I have suggested that Value – along with size, low volatility, dividend growth, equal-weighting, quality, and momentum – are simple and easy-to-implement factor tilts or alternative weighting schema that can boost performance. By tilting allocations away from the traditional capitalization weights that own more...
FILE PHOTO: Gilead Sciences Inc pharmaceutical company is seen after they announced a Phase 3 Trial of the investigational antiviral drug Remdesivir in patients with severe coronavirus disease (COVID-19), during the outbreak of the coronavirus disease (COVID-19), in Oceanside, California, U.S., April 29, 2020. REUTERS/Mike Blake -/File Photo BERLIN (Reuters) – Gilead Sciences Inc (GILD.O)...
Another day, another escalation in US-China trade, tech, diplomatic, financial – you name it – relations, and this time stocks noticed. Moments ago, Reuters reported that in its latest crackdown on Chinese reverse-engineering tech giants, the Trump administration plans to finalize regulations this week that will bar the U.S. government from buying goods or services...