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Wall Street opens lower on fears of broader trade spat with China

Wall Street opens lower on fears of broader trade spat with China (Reuters) - U.S. stocks opened lower on Thursday, as investors feared that the U.S.-China trade spat could spiral into a technology cold war between the two countries, with no signs of a resolution in sight.


Stocks Slump, Dollar Rises as Trade Worries Deepen: Markets Wrap

Stocks Slump, Dollar Rises as Trade Worries Deepen: Markets Wrap The S&P 500 Index fell at the open in New York after the Chinese Communist Party’s flagship newspaper published two commentaries assailing U.S. moves to curb Chinese companies. Risky assets remain under pressure and havens in demand as investors dig in for what looks like a protracted trade dispute. The Stoxx Europe 600 Index headed for its worst day in two weeks as automakers tumbled after an EU official said the U.S. was unlikely to start trade talks with the bloc soon while it’s preoccupied with China.


Stocks Slump, Dollar Rises as Trade Worries Deepen: Markets Wrap

Stocks Slump, Dollar Rises as Trade Worries Deepen: Markets Wrap The S&P 500 Index fell at the open in New York after the Chinese Communist Party’s flagship newspaper published two commentaries assailing U.S. moves to curb Chinese companies. Risky assets remain under pressure and havens in demand as investors dig in for what looks like a protracted trade dispute. The Stoxx Europe 600 Index headed for its worst day in two weeks as automakers tumbled after an EU official said the U.S. was unlikely to start trade talks with the bloc soon while it’s preoccupied with China.


The Supreme Court Should Take Up NR v. Mann , and Vindicate Free Speech

The Supreme Court Should Take Up NR v. Mann , and Vindicate Free Speech In 2012, Barack Obama was still president, indeed had four years left in his presidency. "Gangnam Style" was a world-beating music video. Game of Thrones had just gotten started. And, oh yeah, the climate scientist Michael Mann sued National Review over a blog post.Seven years later, this case has gone pretty much nowhere, thanks to a dilatory D.C. Court of Appeals.Now, National Review has asked the Supreme Court of the United States to intervene in the case of Mann v. National Review, Inc., to at long last reach a resolution that vindicates free speech.At stake in this fight is nothing less than the integrity of the First Amendment — and, by extension, the right of all Americans to engage in robust political debate without being dragged into court by the frivolous and the hypersensitive to be bled dry of their time, effort, and money. That, after seven years, National Review has not yet been freed from this frivolous claim is bad enough. But that inconvenience, real as it is, pales in comparison to the damage that would be done to America’s broader debate were the indifference of the D.C. Court of Appeals to become a chilling national precedent.A quick refresher is in order: Michael Mann sued National Review for libel over a 270-word blog post that was critical of his now-infamous “hockey stick” graph and its role within the global-warming debate. Naturally, National Review resolved to fight the suit, which represents one of the worst attempts to bully a press organization in recent memory. As our petition for certiorari notes, Mann’s lawsuit presumes that a “subjective, value-laden critique on a matter of public concern can be construed as a provably false fact.” Worse still, it presumes that such critiques can — and should — be litigated in the courts, rather than in the public square. Should Mann prevail, our petition concludes, “the result would be to insert courts and juries into every hot-button political and scientific dispute, to allow politicians to sue their critics at will, and ultimately to chill and deter the robust debate that is the lifeblood of our republic.”We do not intend to let this happen. And neither, it should be noted, do any of the many organizations from across the political spectrum that have, at various stages in the process, filed briefs in our behalf. There is not much that brings together National Review, the Washington Post, Time Inc., the ACLU, the Cato Institute, and the Electronic Frontier Foundation, but a strong belief in the importance of the freedom of speech does. Michael Mann’s shamefully crimped view of how debate should be conducted in this country is not one that any jurisdiction would want to be written into law. As our petition says, Mann is seeking to create a world in which “libel lawyers will be in hot demand, but public debate will dry up.” He must not be permitted to do so.If ever there were a case ripe for oversight from the highest court in the land, this is it. It relates to one of our most important constitutional provisions. It has been deferred for years, to the point of having been evaded. It involves a conflict of authority among the lower courts. It affects the nation’s capital, where hotly contested issues often end up.Everyone knows what they say about justice delayed. In this case, the Supreme Court can bring a long-overdue end to this travesty, and more importantly, make an important statement about the free-speech rights of journalistic organizations on the right, the left, and in between.


Now You Can Now Take an Uber Submarine Under the Great Barrier Reef

Now You Can Now Take an Uber Submarine Under the Great Barrier Reef You’ll find Uber on land, sea, and in the air, but now it’s ready for its underwater debut.


Bernie Sanders: ‘It May Well Be Time For An Impeachment Inquiry to Begin’

Bernie Sanders: ‘It May Well Be Time For An Impeachment Inquiry to Begin’ Senator Bernie Sanders (I., Vt.) acknowledged Wednesday that President Trump may relish an impeachment fight, but said Congressional Democrats may be forced to pursue that option regardless if the White House continues to stonewall their oversight efforts.“To be very honest with you, Jake, I am not sure that this president may not want to be impeached. He may think that it works for him politically. I don't know that, but it wouldn't shock me. I think he is a 100% political animal. Doesn't spend a whole lot of time worrying about health care or education, certainly not about climate change. So I don't know what goes on in his mind,” Sanders told CNN's Jake Tapper.“But I think if he continues to not understand the constitution of the United States, the separation of powers, the fact that the Congress has every right to subpoena and it is the job of the administration to attend the hearings that the Congress is calling, if he doesn't understand that, it may well be time for an impeachment inquiry to begin,” he added. “Where the Judiciary Committee begins to determine whether or not there are grounds for impeachment.”


'Violent tornado' tears through Jefferson City, Mo.: 'It’s a chaotic situation right now'

'Violent tornado' tears through Jefferson City, Mo.: 'It’s a chaotic situation right now' A violent tornado ripped through Jefferson City, Missouri, late Wednesday, leaving many trapped and others injured. More storms are forecast Thursday.


How Does Investing In Open Finance S.A. (WSE:OPF) Impact The Volatility Of Your Portfolio?

How Does Investing In Open Finance S.A. (WSE:OPF) Impact The Volatility Of Your Portfolio? Anyone researching Open Finance S.A. (WSE:OPF) might want to consider the historical volatility of the share price...


FINRA approves Grayscale Ethereum Trust for retail

FINRA approves Grayscale Ethereum Trust for retail Asset management firm Grayscale has secured approval from FINRA to list eligible shares of its Grayscale Ethereum Trust, making it the first publicly quoted security tied to the second-largest cryptocurrency, the firm said. The post FINRA approves Grayscale Ethereum Trust for retail appeared first on The Block.


Did You Manage To Avoid NTG Clarity Networks's (CVE:NCI) Devastating 88% Share Price Drop?

Did You Manage To Avoid NTG Clarity Networks's (CVE:NCI) Devastating 88% Share Price Drop? NTG Clarity Networks Inc. (CVE:NCI) shareholders should be happy to see the share price up 17% in the last month. But...


Autostrade Meridionali (BIT:AUTME) Shareholders Booked A 74% Gain In The Last Five Years

Autostrade Meridionali (BIT:AUTME) Shareholders Booked A 74% Gain In The Last Five Years Stock pickers are generally looking for stocks that will outperform the broader market. And while active stock picking...


Tornados kill three in central US, damage Missouri state capital

Tornados kill three in central US, damage Missouri state capital Three people were killed in the small town of Golden City, Missouri, officials said, while the midwestern state's capital Jefferson City was struck by what the National Weather Service called a "large and destructive" tornado Wednesday night. The tornado caused significant damage, trapping people in buildings and homes, and knocking down power lines and trees. Rescue workers were checking door-to-door for survivors Thursday, some 20 people were injured and treated at hospitals overnight, and more injuries were expected, officials said.


Estimating The Intrinsic Value Of Jounce Therapeutics, Inc. (NASDAQ:JNCE)

Estimating The Intrinsic Value Of Jounce Therapeutics, Inc. (NASDAQ:JNCE) Does the May share price for Jounce Therapeutics, Inc. (NASDAQ:JNCE) reflect what it's really worth? Today, we will...


Does Fiducial Real Estate SA's (EPA:ORIA) Past Performance Indicate A Stronger Future?

Does Fiducial Real Estate SA's (EPA:ORIA) Past Performance Indicate A Stronger Future? Measuring Fiducial Real Estate SA's (EPA:ORIA) track record of past performance is an insightful exercise for...


The real cost of cutting the cord: What streaming companies don’t want you to know

The real cost of cutting the cord: What streaming companies don’t want you to know Do it wrong, and cord-cutters might end up paying more than traditional cable, which is exactly what streaming companies don’t want you to realize.


4 Signs You Should Fire a Freelance Client

4 Signs You Should Fire a Freelance Client A bad client often isn't worth retaining. Here are a few scenarios where it pays to move on.


What Kind Of Shareholders Own StartMonday Technology Corp. (CNSX:JOB)?

What Kind Of Shareholders Own StartMonday Technology Corp. (CNSX:JOB)? A look at the shareholders of StartMonday Technology Corp. (CNSX:JOB) can tell us which group is most powerful...


Fed Staff Lose Faith Central Bank Will Hit 2% Inflation Goal

Fed Staff Lose Faith Central Bank Will Hit 2% Inflation Goal The staff forecast presented to policy makers saw inflation falling shy of 2% “over the medium term’’ even as the job market was projected to tighten further. At the March 19-20 Federal Open Market Committee meeting, staff economists working at the Fed’s Board in Washington predicted that core inflation would instead edge up to 2% next year, and stay there in the medium term.


Veteran German auto boss joins board of U.S. self-driving software startup

Veteran German auto boss joins board of U.S. self-driving software startup Palo Alto, California-based Apex.AI has added Karl-Thomas Neumann, an industry veteran who in the past served as the chief executive of Continental AG and led Volkswagen AG's China business, to its board. "Karl-Thomas is a great fit for us as we're trying to learn off what worked in the past and reach out to more industry players," Apex.AI co-founder Jan Becker told Reuters in an interview this week.


India's Modi stuns opposition with huge election win

India's Modi stuns opposition with huge election win Official data from the Election Commission showed Modi's Bharatiya Janata Party ahead in 300 of the 542 seats up for grabs, up from the 282 it won in 2014 and more than the 272 seats needed for a majority in the lower house of parliament. "Together we will build a strong and inclusive India," Modi said on Twitter. "India wins yet again!" Modi has slashed red tape in the world's fifth-largest economy, though some overseas firms, including Amazon, Walmart and Mastercard , have complained about policies they say are designed to benefit domestic rivals.


Bernie Sanders campaign rallies support at McDonald's strikes across US

Bernie Sanders campaign rallies support at McDonald's strikes across US Campaign uses its extensive email list to protest for $15 minimum wage, union rights and actions against violence and harassmentA McDonald’s employee holds a sign during a protest against sexual harassment in the workplace, in Chicago on 18 September 2018. Photograph: Joshua Lott/AFP/Getty ImagesSenator Bernie Sanders rallied supporters to picket lines in cities across the United States on Thursday as McDonald’s workers walked out on strike to fight for a $15 minimum wage, union rights and for McDonald’s to address workplace violence and sexual harassment issues.The Sanders campaign is using its extensive email list to turn out support in Los Angeles, Chicago, Detroit, Tampa, St Louis, Milwaukee and several other cities.The Bernie Sanders campaign has increasingly used its voter data to rally support for the labor union movement. The campaign has previously enlisted supporters to turn out for rallies, protests and strikes for workers at Delta Airlines, Disney, Amazon, General Motors, Wabtec, Nissan, teachers in Los Angeles and most recently in support of workers at the University of California, who conducted a one-day strike earlier this month over the university system’s practices of increasingly relying on an outsourced and privatized workforce.“As Bernie says, this is not just a campaign, it’s a movement. We’re building the largest volunteer army in the nation not just to win the Democratic nomination, but also to mobilize people to show up in key fights where people’s lives and livelihoods are on the line,” said Claire Sandberg, Bernie 2020 National Organizing Director. “We are proud to uphold Bernie’s commitment to workers and we will continue to activate our supporters and urge them to join picket lines across the country to support the fight for a strong labor movement.”Bernie Sanders speaks during a rally in Warren, Michigan in April. Photograph: Paul Sancya/APThe Sanders campaign is hosting a video town hall with striking McDonald’s workers in Dallas, Texas, where McDonald’s is holding their annual shareholders’ meeting.“If Amazon can raise their minimum wage to $15 an hour there is no reason that McDonald’s, a company that took in $1.4bn in profit and paid its CEO $22m, can’t pay its workers a living wage,” said Sanders in a statement. “I am proud to stand with workers demanding $15 an hour and a union.”“We’re going on strike to demand union rights. We need a union for basic things like healthcare, a seat at the table and respect,” Bleu Rainer, a McDonald’s worker in Tampa, Florida, told the Guardian. “I’ve been working in the fast-food industry for about 11 years. I started out at $7.11 an hour and now I’m only at $9 an hour. I don’t think that’s fair to any worker.”Democratic presidential candidates senator Cory Booker, Julian Castro and Jay Inslee are also joining workers on the picket lines.The one-day strike comes in the wake of 25 sexual harassment charges and lawsuits filed by workers against McDonald’s earlier this week. The allegations include several instances of retaliation for reporting sexual harassment and failure from McDonald’s to take the issue seriously. More than 50 charges have been filed against McDonald’s over the past three years.Earlier this week, the National Employment Law Project (NELP) released a report on workplace violence at McDonald’s restaurants, examining 721 violent incidents reported in the media over the past three years, a small fraction of the incidents occurring at McDonald’s.According to the report, in Chicago an average of 21 calls to emergency services are made on a daily basis from McDonald’s restaurants. Several workers in Chicago filed a formal complaint on 20 May to OSHA (Occupational Safety and Health Administration) requesting the agency to force McDonald’s to develop, implement and maintain a violence prevention program.“Workplace violence is all too common and a very serious hazard facing McDonald’s workers. Its happening at almost epidemic rates to workers and stunningly the company has not stepped forward to protect workers when there are easy and common sense solutions they can implement right away,” said Deborah Berkowitz, worker health and safety program director at NELP and the author of the report.Berkowitz previously worked at OSHA as chief of staff and senior policy adviser. In the report, Berkowitz cites McDonald’s needs to develop a system-wide culture of violence prevention that includes hazard prevention controls, better training and post-incident response procedures.McDonald’s did not immediately respond to a request for comment.


Before You Buy North Arrow Minerals Inc. (CVE:NAR), Consider Its Volatility

Before You Buy North Arrow Minerals Inc. (CVE:NAR), Consider Its Volatility Anyone researching North Arrow Minerals Inc. (CVE:NAR) might want to consider the historical volatility of the share...


Before You Buy Valoe Oyj (HEL:VALOE), Consider Its Volatility

Before You Buy Valoe Oyj (HEL:VALOE), Consider Its Volatility If you're interested in Valoe Oyj (HEL:VALOE), then you might want to consider its beta (a measure of share price...


Can We See Significant Insider Ownership On The James E. Wagner Cultivation Corporation (CVE:JWCA) Share Register?

Can We See Significant Insider Ownership On The James E. Wagner Cultivation Corporation (CVE:JWCA) Share Register? A look at the shareholders of James E. Wagner Cultivation Corporation (CVE:JWCA) can tell us which group is most...


Term Sheet -- Thursday, May 23

Term Sheet -- Thursday, May 23 Term Sheet -- Thursday, May 23


Pound Investors Are Bailing Out as May’s Fate Deepens Brexit Chaos

Pound Investors Are Bailing Out as May’s Fate Deepens Brexit Chaos Investec Asset Management, Aberdeen Standard Investments and Pictet Asset Management SA are cutting sterling positions or staying on the sidelines as Britain’s political turmoil reignites uncertainty around the nation’s exit from the European Union. With a senior minister resigning to add pressure on Prime Minister Theresa May to abandon her deal with the EU and quit, the risk of a disorderly Brexit is back on the radar. Sterling slid to a four-month low near $1.26 Thursday and is on the longest losing streak on record versus the euro amid concern that May’s successor could take Britain out of the bloc without a deal or call an early election.


How Financially Strong Is OT Logistics S.A. (WSE:OTS)?

How Financially Strong Is OT Logistics S.A. (WSE:OTS)? OT Logistics S.A. (WSE:OTS) is a small-cap stock with a market capitalization of zł88m. While investors primarily...


What Percentage Of Moovly Media Inc. (CVE:MVY) Shares Do Insiders Own?

What Percentage Of Moovly Media Inc. (CVE:MVY) Shares Do Insiders Own? A look at the shareholders of Moovly Media Inc. (CVE:MVY) can tell us which group is most powerful. Large companies...


What Slump? RBC, TD Defy Canada Housing Decline With Loan Growth

What Slump? RBC, TD Defy Canada Housing Decline With Loan Growth Royal Bank of Canada, the nation’s largest mortgage lender, reported Thursday that its domestic mortgage book expanded 5.2% in the fiscal second quarter from a year earlier, while Toronto-Dominion Bank’s mortgages and amortizing home-equity lines had a 5.8% increase. The two lenders are bucking the trend for the overall industry, which has seen year-over-year mortgage growth slide to a 17-year low of 3.2% in March, according to the Bank of Canada.


Avingtrans plc (LON:AVG) Might Not Be A Great Investment

Avingtrans plc (LON:AVG) Might Not Be A Great Investment Today we'll look at Avingtrans plc (LON:AVG) and reflect on its potential as an investment. Specifically, we're going...