The Overtime Elite league will provide health and disability insurance to high school basketball players.
The 'Stand Up & Deliver' stars take to the stage while Rupert Everett opens up on 'Piers Morgan's Life Stories'.
A letter from Blackmoor Investment Partners to Chris Brinsmead, Chairman of Scapa Group plc, outlining Blackmoor’s full confidence in Scapa’s company strategy and the reasons why Schweitzer-Mauduit International Inc.’s bid is not representative of Scapa’s value today or its significant future growth and value creation potential in the coming years due to a number of factors.
The day will honor the late New York Yankees player and raise awareness for amyotrophic lateral sclerosis (ALS)
Four researchers responsible for the life-saving COVID vaccines open up to PEOPLE in this week’s Women Changing the World issue
Van has a range of up to 230 miles.
Axar Patel picks off listless England but Dan Lawrence refuses to wither. The 23-year-old found a rare fluency with the bat on a day when his teammates fluffed their lines against a ruthless India side
Yieldmo welcomes back Jeremy Steinberg as Chief Revenue Officer and GM, Marketplace, reporting directly to CEO and founder Mike Yavonditte. Steinberg will be responsible for the company's overall growth strategy with special focus on the Marketplace. Steinberg’s return comes on the heels of Eric Picard joining as chief product officer and Duc Chau as its new chief technology officer.
The Ladies of Hope Ministries (LOHM) today announced a first-of-its-kind partnership with Third Point Gives, the philanthropic arm of Third Point LLC, a New York-based asset management firm founded by Daniel S. Loeb in 1995. The LOHM’s mission is to help disenfranchised and marginalized women and girls transition back into society through resources and access to high-quality education, entrepreneurship, spiritual empowerment, advocacy and housing. Additionally, The Margaret and Daniel Loeb Foundation will contribute $1.5 million to the LOHM over three years.
Salem Media Group, Inc. Announces Fourth Quarter 2020 Total Revenue of $64.5 Million
Simbe Robotics, Inc., the company leveraging robotics and AI to provide the retail industry with real-time insights into inventory and operations, today announced that seasoned technology executive David Cortese is joining the executive leadership team as the company’s first Chief Commercial Officer.
Milliken & Company is pleased to announce Cindy Boiter has been promoted to executive vice president and president of Milliken’s Chemical Division.
(Bloomberg) -- Brazil’s senate backed a $7.8 billion round of Covid aid for the poor as a new wave of the pandemic batters the economy and pushes the health system to the brink of collapse.The plan to revive last year’s cash handout program is part of a constitutional amendment that includes compensatory fiscal measures demanded by Economy Minister Paulo Guedes to show the government remains committed to austerity after a record budget deficit in 2020.Senators approved the so-called emergency bill in two rounds of voting on Wednesday night and Thursday. They rejected all amendments that sought to further water down Guedes’s austerity measures, showing organization of government allies and fueling a rally in local assets as investors breathed a sigh of relief. The proposal now follows to the lower house, with a possible vote next week.Brazil’s benchmark stock index jumped 2.2% while the the real gained 1.4%. The currency had already rallied late on Wednesday after lower house Speaker Arthur Lira tweeted that the proposal wouldn’t threaten the government spending ceiling. The rule, which caps the growth of public expenditures to the rate of inflation, is considered by investors as the country’s last defense against runaway budget deficits.Adding urgency to the matter is a raging coronavirus crisis that is forcing governors and mayors to impose the harshest lockdowns yet across the country, with hospitals overrun with Covid-19 patients and deaths from the virus hitting daily records.Read More: Brazil’s Economic Rebound Slows as Aid Expires and Covid SpreadsThe plan approved by the senate allows the government to take on debt to finance four monthly payments of 250 reais to some 40 million Brazilians at a cost of 44 billion reais ($7.8 billion). Last year, the government spent 322 billion reais on a more generous program that benefited over 60 million Brazilians with stipends of as much as 600 reais per month.Even if only a fraction of the 2020 program, the new round of stimulus comes as Latin America’s largest economy finds itself in a more fragile fiscal position, following a deficit of nearly 14% of GDP in 2020. Worried about the country’s budget outlook, investors have started shunning long-dated government bonds and forcing the central bank’s hand to raise the benchmark interest rate by at least half a percentage point later this month.BRAZIL REACT: After 2020 Aid, Policy Gaffes Threaten 2021 GrowthIn order to secure the bill’s approval, Guedes had to scrap a number of austerity measures originally included in it. Gone were plans to end mandatory public spending on health and education, as well as a proposal to decrease the workload of public servants and their salaries in case of fiscal crisis.As it stands, the proposal includes a trigger allowing the government to freeze salaries of public servants and reduce tax breaks, among other measures, whenever mandatory expenses exceed 95% of the budget.The biggest threat to Guedes’s austerity plan was a proposal backed by many senators to exclude the Bolsa Familia social program from the country’s spending ceiling. After a whole day of negotiations between Guedes and lawmakers, the economic team was able to block the idea.(Updates with senators giving final approval to the bill.)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.
Linebacker Thomas Davis and tight end Greg Olsen are signing one-day contracts to retire as members of the Carolina Panthers. Davis spent 14 seasons with the Panthers before finishing his career with Washington last year. Olsen spent nine of his 14 NFL seasons with the Panthers.
(Bloomberg) -- Stocks climbed as traders sought clarity from Federal Reserve Chairman Jerome Powell on how the central bank is perceiving the recent spike in Treasury yields.Most major groups in the S&P 500 rose, with energy producers joining a surge in oil on OPEC+’s decision to keep output unchanged. Tech shares rebounded after the Nasdaq Composite briefly wiped out its 2021 advance. Bonds were reasonably steady. Mortgages rose above 3% for the first time in seven months -- raising concerns that higher borrowing costs will derail the pandemic housing rally.Powell is expected to use his appearance at a Wall Street Journal event Thursday to reaffirm his looser-for-longer stance for monetary policy and to make clear he’d like to avoid a repeat of last week’s bond-market chaos. In a congressional testimony last month, the Fed chief downplayed concerns that rising yields would hurt the economy, instead declaring at one point that they were a “statement of confidence” in the outlook. The 10-year Treasury rate briefly spiked to 1.6% on the next day.“The Fed Chair will do his best to quell talks of QE tapering during his much-anticipated speech about the U.S. economy,” said Fawad Razaqzada, an analyst at ThinkMarkets, referring to quantitative easing. “However, Powell can’t be too dovish either as he will also need to address worries about inflation. So, he will have a tough job convincing the markets that Fed’s policy is on the right path. Stocks may drop further if he’s unable to do so.”Read: SPAC Froth Turns on Itself With Stocks Plunging 20% in Two WeeksSome key events to watch this week:The February U.S. employment report on Friday will provide an update on the speed and direction of the nation’s labor market recovery.These are some of the main moves in markets:StocksThe S&P 500 climbed 0.4% as of 11:58 a.m. New York time.The Stoxx Europe 600 Index fell 0.4%.The MSCI Asia Pacific Index declined 2%.The MSCI Emerging Market Index dipped 1.9%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro decreased 0.1% to $1.2048.The Japanese yen depreciated 0.5% to 107.55 per dollar.BondsThe yield on 10-year Treasuries fell one basis point to 1.48%.Germany’s 10-year yield decreased two basis points to -0.31%.Britain’s 10-year yield dipped four basis points to 0.739%.CommoditiesWest Texas Intermediate crude gained 5% to $64.33 a barrel.Gold rose 0.3% to $1,715.59 an ounce.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.
MONTHLY DECLARATION OF THE TOTAL NUMBER OF VOTING RIGHTS AND SHARES (ARTICLE L233-8II THE COMMERCIAL CODE and 223-16 OF THE GENERAL REGULATIONS OF THE FINANCIAL MARKETS AUTHORITY (AMF)) Charenton-le-Pont, 4th March, 2021 MARIE BRIZARD WINE & SPIRITS ISIN Code: 0000060873 Situation at:Total number of shares comprising share capitalTotal number of voting rights28 February 2021111 947 361 Number of voting rights (1): 115 353 780 Number of exercisable voting rights (2): 115 214 053 Do the Marie Brizard Wine & Spirits SA by-laws contain a clause requiring disclosure of the crossing of any statutory thresholds in addition to that relating to legal thresholds: yes. Including treasury sharesAfter deduction of treasury shares Attachment MBWS_MONTHLY DECLARATION OF THE TOTAL NUMBER OF VOTING RIGHTS AND SHARES_February 2021
(Bloomberg) -- OPEC+ decided to maintain a tight limit on oil production next month, sending prices soaring in a market that had been expecting additional supply.The agreement is a victory for Saudi Arabia, which has consistently pushed for greater production restraint. It leaves the world facing a significant supply squeeze, higher energy costs and the risk of inflation just as widespread vaccination allows economies to emerge from the Covid-19 downturn.The cartel had been debating whether to restore as much as 1.5 million barrels a day of output. But after being urged to “keep our powder dry” by Saudi Energy Minister Prince Abdulaziz bin Salman, members agreed to hold steady at current levels -- with the exception of modest increases granted to Russia and Kazakhstan.Brent crude rose as much as 5.3% in London.“OPEC+ definitely risks over-tightening the oil market,” said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd. in London.Inflation RisksBrent has already rallied almost 30% this year to above $67 a barrel. Throughout the first quarter, OPEC+ has kept production below demand in order to drain the glut that built up during the worst of the Covid-19 lockdowns. Without additional supply, that deficit will widen significantly in April, according to the cartel’s internal estimates.With the bond market already on edge for signs of inflation, the aggressive move from OPEC+ could become a headache for the U.S. Federal Reserve and the European Central Bank. And it’s not just oil that’s surging. From copper and steel to corn and soybeans, the prices of many commodities are rapidly rising.Russia and Kazakhstan secured exemptions from the deal, allowing them to boost output by 130,000 and 20,000 barrels a day respectively in April, according to a statement from the Kazakh Energy Ministry, which also confirmed the broader details of the OPEC+ deal. The two nations were granted similar allowances for February and March.While the decision will give the coffers of members of the Organization of Petroleum Exporting Countries and its allies a much needed boost after a year of financial pain, it also carries some risks. Crude prices in the high $60s could help revive the cartel’s nemesis -- U.S. shale drillers.OPEC+ will meet again on April 7 to discuss production levels for May, delegates said.(Updates with details of exemptions in seventh 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.
The new show will be a prequel that follows a younger Patrick Star as he hosts a TV show from his bedroom
It seemed Hollywood was coming to terms with homosexuality. The reaction to Jodie Foster's tribute to her partner suggests otherwise
At least 54 protesters have been killed in violence in Myanmar since Sunday