Atlanta United has mutually agreed to terminate the contract of 38-year-old striker Lisandro López after the death of his father. “It’s with a heavy heart that we announce Lisandro’s time at the club has come to an end,” Atlanta technical director Carlos Bocanegra said. After starting out at Racing Club in 2003, Lopez spent four years each with Porto in Portugal and Lyon in France.
The Palestinian American congresswoman said the president must do more to protect civilians. At least 218 Palestinians have died so far in Israeli attacks.
Charlotte barely put up a fight on Tuesday night in the first play-in game of the postseason.
Travel confusion and pandemic developments dominate the papers on Wednesday.
Wealthy personal-injury lawyer has filed paperwork to compete in 2022 election
Kevin Iole and Rob Font discuss the No. 3-ranked UFC bantamweight's Saturday headliner versus Cody Garbrandt and what could be next for him if he secures the win against the former champion.
(Bloomberg) -- Shortages in the semiconductor industry, which have already slammed automakers and consumer electronics companies, are getting even worse, complicating the global economy’s recovery from the coronavirus pandemic.Chip lead times, the gap between ordering a chip and taking delivery, increased to 17 weeks in April, indicating users are getting more desperate to secure supply, according to research by Susquehanna Financial Group. That is the longest wait since the firm began tracking the data in 2017.“All major product categories up considerably,” Susquehanna analyst Chris Rolland wrote in a note Tuesday, citing power management and analog chip lead times among others. “These were some of the largest increases since we started tracking the data.”Chip shortages are rippling through industry after industry, preventing companies from shipping products from cars to game consoles and refrigerators. Automakers are now expected to lose out on $110 billion in sales this year, as Ford Motor Co., General Motors Co. and others have to idle factories for lack of essential components.The industry and its customers watch lead times as an indicator of the balance between supply and demand. A lengthening of the gap indicates that buyers of semiconductors are more willing to commit to future supply to avoid a recurrence of shortfalls. Analysts track these numbers as a harbinger of hoarding that can lead to the accumulation of too much inventory and sudden declines in orders.“Elevated lead times often compel ‘bad behavior’ at customers, including inventory accumulation, safety stock building and double ordering,” Rolland wrote. “These trends may have spurred a semiconductor industry in the early stages of over-shipment above true customer demand.”The situation has been complicated by a resurgence of coronavirus cases in Taiwan, a key location for chip manufacturing. The country has closed schools, curbed social gatherings, and shut many adult entertainment venues, museums and public facilities. While businesses and factories are operating, the government may have to consider broader restrictions.The country is home to Taiwan Semiconductor Manufacturing Co., which is the world’s most advanced chipmaker and counts Apple Inc. and Qualcomm Inc. among its many customers. Local manufacturers also produce less glamorous -- but equally critical -- chips, such as display driver ICs that have been a particularly painful bottleneck for global production.The current level of 17 weeks climbed from the 16-week level Rolland had previously said was the top of the “danger zone” and marks a fourth consecutive month of “sizable” expansion, he wrote.Lead times for some products, such as power management chips, expanded by as much as four weeks in April from the prior month. Industrial microcontrollers order lead times extended by three weeks, some of the steepest increases Rolland has seen since he began tracking the numbers in 2017, he wrote.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
"I just felt like I had to do something, almost a responsibility," John Daly said of using part of his first ever major winnings to help the late man's family
Hansen exposed the SMU "death penalty" recruiting scandal and spoke candidly on topics like Jerry Jones, the national anthem and gun control.
The Beachbody Company, LLC ("Beachbody"), a leading subscription health and wellness company, today announced that Beachbody’s management team is participating in the 16th Annual Needham Virtual Technology & Media Conference on Wednesday, May 19, 2021.
(Bloomberg) -- U.K. Prime Minister Boris Johnson is pushing to get a trade deal with Australia over the line, amid warnings from farmers that cheaper imports could put them out of business.Johnson is preparing to offer Australia tariff-free access to U.K. food markets as talks continue within the government over the deal, The Times newspaper reported Wednesday.That is despite concerns from Britain’s National Farmers’ Union that many farms would face ruin if they have to compete with zero-tariff imports of beef and lamb. Johnson’s office declined to comment on the report, saying negotiations were ongoing.Britain and Australia agreed the bulk of a free-trade agreement in April and have signaled they want to conclude the pact by the G-7 summit in June.Any agreement will “include protection for the agriculture industry and won’t undercut U.K. farmers,” Johnson’s spokesman Max Blain told reporters Tuesday.Read More: U.K., Australia Seal Most of Trade Deal in Boost for Johnson (1)National Farmers’ Union President Minette Batters said in a statement that the government “must recognize that opening up zero tariff trade on all imports of products such as beef and lamb means British farming, working to its current high standards, will struggle to compete.”“Will it watch family farms go out of business when they are unable to compete?” she added.Environment Secretary George Eustice told Sky News there was a “balance to be struck between your commercial interests and your desire to open up new markets.”Post-Brexit TargetA trade deal with Australia is one of the government’s key post-Brexit targets, alongside ongoing negotiations with the U.S. and New Zealand. A deal between the U.K. and Australia is expected to boost Britain’s GDP by 0.02% over 15 years, according to a British government assessment.Australian Trade Minister Dan Tehan on Wednesday said the nations were making “good progress” in their FTA negotiations.“We are now meeting every week in a sprint to have an in-principle agreement by the end of June,” Tehan said in an emailed statement sent in response to a request for comment. He declined to comment on the details of the negotiations.Eustice said his department is considering ways to protect sensitive sectors during the negotiations, such as having tariff-rate quotas on certain goods. International Trade Secretary Liz Truss is said to favor a zero-tariff, zero-quota deal similar to Britain’s accord with the EU, according to a report in the Financial Times.The Department for International Trade said in a statement that a deal would be a step toward joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP, an 11-country pact including Singapore, Malaysia and Japan, which would “allow U.K. farmers even greater access to growing consumer markets in Asia.”Separately, the U.K. government said it will soon start talks to improve upon the roll-over post-Brexit trade deals it signed with Canada and Mexico.(Updates with Australian trade minister’s comments in 10th, 11th paragraphs)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Asian stocks tracked U.S. declines Wednesday as concern about faster inflation shadows the economic recovery from the pandemic. A dollar gauge was near the lowest level this year.Japanese and Australian shares slid after key U.S. equity benchmarks closed lower and large technology stocks like Amazon.com Inc. and Microsoft Corp. erased gains. AT&T Inc. plunged after the company said it plans to spin off its media operations. Contracts on the S&P 500 and Nasdaq 100 were in the red. A slide in crude on the possibility of more supply from Iran hurt energy stocks overnight. Treasury yields were steady. Bitcoin and other cryptocurrencies held a retreat after China warned digital tokens can’t be used as a form of payment. Markets are closed Wednesday in Hong Kong and South Korea for holidays.Stocks have been volatile after touching a record in early May, whipsawed by concerns about accelerating inflation amid elevated commodity prices, as well as a Covid-19 resurgence in some countries. Federal Reserve officials have repeatedly indicated that they see recent price pressures as transitory and intend to keep policy accommodative for some time to come. Traders are awaiting the latest Fed minutes for the clues about the outlook.“The market has been trying to process a very unusual economic environment and a confluence of factors that it has not faced for a long time,” said David Donabedian, chief investment officer of CIBC Private Wealth Management. “I personally would say that the stock market has absorbed it all extremely well because there’s still a high conviction view on earnings being strong.”In Bank of America Corp.’s latest fund manager survey, inflation topped the list of the biggest tail risks, followed by a bond market taper tantrum and asset bubbles. Covid-19 was in fourth place.Here are some key events this week:The Fed publishes minutes from its April meeting Wednesday, which may provide clues to officials’ views on the recovery and how they define “transitory” when it comes to inflationEIA crude oil inventory report WednesdaySt. Louis Fed President James Bullard and Atlanta Fed President Raphael Bostic to speak at separate events WednesdayIMF Managing Director Kristalina Georgieva and ECB President Christine Lagarde speak at the Vienna Economic Dialogue ThursdayEuro-area finance ministers and central bank chiefs hold an informal meeting. A larger group of EU finance ministers and central bank chiefs will meet May 22These are some of the main moves in markets:StocksS&P 500 futures dipped 0.2% as of 9:23 a.m. in Tokyo. The S&P 500 fell 0.9%Nasdaq 100 futures shed 0.2%. The Nasdaq 100 fell 0.7%Japan’s Topix index retreated 0.9%Australia’s S&P/ASX 200 index fell 1.6%CurrenciesThe yen was at 108.95 per dollarThe offshore yuan traded at 6.4249 per dollarThe Bloomberg Dollar Spot Index was steady after falling 0.3%The euro was at $1.2225BondsThe yield on 10-year Treasuries was steady at 1.64%Australia’s 10-year bond yield held at 1.78%CommoditiesWest Texas Intermediate crude fell 0.7% to $65.01 a barrelGold was at $1,868.60 an ounceMore stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- It was a turbulent April for China Huarong Asset Management Co.’s dollar-bond holders.At the end of March, its 4% perpetual dollar bond was trading at 102 cents on the dollar as investors figured the January execution of former chairman Lai Xiaomin for bribery put a line under past wayward behavior. But the failure of the company to release 2020 results by a March 31 deadline, and a subsequent report by mainland media Caixin that the firm will restructure, sparked weeks of turmoil. The same bond now trades at 57 cents.The heart of the matter is whether the central government will rescue a state-owned company that’s integral to the smooth running of the financial system. While there are signs Beijing wants to ensure China Huarong can repay its debts on time, uncertainty prevails.Here’s a look at the key events for China Huarong:May 18China Huarong has transferred funds to repay a $300 million note maturing May 20, Bloomberg News reports, the first dollar bond to come due since the delayed 2020 results. Prices for the firm’s dollar bonds slump earlier in the day after the New York Times reports China is planning an overhaul that would inflict “significant losses” on both domestic and foreign China Huarong bondholders.May 17The company has reached funding agreements with state-owned banks to ensure it can repay debt through at least the end of August, by which time China Huarong aims to have completed its 2020 financial statements, according to a Bloomberg News report. That as at least two of its onshore bonds see big price declines in recent days, worrying some investors.May 13The firm says it’s prepared to make future bond payments and has seen no change in the level of government support, seeking to ease investor concerns after a local media report that regulators balked at China Hurarong’s restructuring plan.May 6The company says it transferred funds to pay five offshore bond coupons due the following day, its latest move to meet debt obligations amid persistent doubts about its financial health.April 30China Huarong breaks its silence, with an executive telling media it is prepared to make its bond payments and state backing remains intact. The official also says the week’s rating downgrades “have no factual basis” and are “too pessimistic.”April 29Moody’s Investor Service downgrades China Huarong by one notch to Baa1, adding the firm remains on watch for further downgrade. The cut reflects the company’s weakened funding ability due to market volatility and increased uncertainty over its future, according to the statement.April 27China Huarong units repay bonds maturing that day. The S$600 million ($450 million) bond was repaid with funds provided by China’s biggest state-owned bank, according to a Bloomberg News report.April 26Fitch Ratings downgrades China Huarong by three notches to BBB while dropping the company’s perpetual bonds into junk territory. The lack of transparency over government support for the firm may hamper its ability to refinance debt in offshore markets, Fitch said.April 25China Huarong says it won’t meet an April 30 deadline to file its 2020 report with Hong Kong’s stock exchange because auditors needed more time to finalize a transaction the company first flagged on April 1. Securities and asset-management units said in the days before that they wouldn’t release 2020 results by month’s end.April 22The China Banking and Insurance Regulatory Commission asks lenders to extend China Huarong’s upcoming loans by at least six months, according to REDD, citing two bankers from large Chinese commercial lenders.April 21China is considering a plan that would see its central bank assume more than 100 billion yuan ($15 billion) of China Huarong assets to help clean up the firm’s balance sheet, according to a Bloomberg News report. Peer China Cinda Asset Management Co. was said to be planning the sale of perpetual bonds in the second quarter.April 20China Huarong’s key offshore financing unit says it returned to profitability in the first quarter and laid a “solid” foundation for transformation. Reorg Research reports that regulators are considering options including a debt restructuring of the unit, China Huarong International Holdings Ltd.April 19Huarong Securities Co. says it wired funds to repay a 2.5 billion yuan local note.April 16The CBIRC says China Huarong’s operations are normal and that the firm has ample liquidity. These are the first official comments about the company’s troubles. Reuters reports Chinese banks have been asked not to withhold loans to Huarong.April 13Fitch and Moody’s both put the company on watch for downgrade. The finance ministry, which owns a majority of Huarong, is considering the transfer of its stake to a unit of the country’s sovereign wealth fund, Bloomberg News reports. Chinese officials signal they want failing local government financing vehicles to restructure or go bust if debts can’t be repaid.April 9China Huarong says it has been making debt payments “on time” and its operations are “normal.” Bloomberg reports the company intends to keep Huarong International as part of a potential overhaul that would avoid the need of a debt restructuring or government recapitalization. S&P Global Ratings puts China Huarong’s credit ratings on watch for possible downgrade.April 8China Huarong is preparing to offload non-core and loss-making units as part of a broad plan to revive profitability that would avoid the need for a debt restructuring or government recapitalization, Bloomberg News reports.April 6Selling gains steam in China Huarong’s dollar bonds, following a holiday in China. Huarong Securities says there has been no major change to its operations, in response to a price plunge for its 3 billion yuan local bond.April 1China Huarong announces a delay in releasing 2020 results, saying its auditor is unable to finalize a transaction. Stock trading is suspended and spreads jump on the firm’s dollar bonds while China Huarong tells investors its business is running as usual. Caixin reports the company submitted restructuring and other major reform plans to government officials and shareholders.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Three-time U.S. women's hockey Olympian Kacey Bellamy, a member of the popular 2018 gold-medal-winning team, announced her retirement on Tuesday. The 34-year-old Bellamy played 130 games over 15 years with the national team and had 11 goals and 38 assists. "Hockey has given me the most incredible memories, and as tough of a decision that this is, I know in my heart it is right," Bellamy said in her announcement.
‘The problem with #airbnb is that people are terrorists. Their homes are filthy and disgusting,’ says comedian Tim Dillon
Frightened citizens of the Israeli coastal city of Ashkelon ran for cover on Tuesday, as rockets exploded overhead... ...as the cross-border violence between Israel and Palestinian militants extended into a ninth day... with no end in sight.Just a few miles away, Natanel Sharvit, his wife, and four children have been living in an Israeli rocket shelter under the near-constant threat of attacks launched by Hamas and Islamic Jihad from the Gaza Strip, just 12 miles from their home.SHARVIT: "The kids suffer from anxieties, they're afraid to sleep in our home. As you can see we are staying in the shelter and hoping for the best, that this situation will be over and we'll be able to live better, normally."Sharvit and his family are no more in control of the air war raging above their heads than the Palestinian civilians living on the other side of the Israeli military barrier that separates north Gaza from southern Israel.Many Palestinians have fled to schools run by the U.N.'s refugee agency - like this one in Gaza City - where classrooms have become dormitories for the displaced. The U.N. Relief and Works Agency estimates that 47,000 Palestinians are now camped out in the 58 education establishments it runs in Gaza.Israeli air strikes have pounded Gaza day and night since the conflict flared on May 10, and Israel says the strikes will continue as long as necessary to destroy Hamas military sites and kill its leaders. Gaza medical officials said more than 200 Palestinians have been killed and more than 1,400 have been wounded. In Israel, authorities say 12 people have died, as of Tuesday.
(Bloomberg) -- The Singapore Exchange is eyeing introducing contracts for battery metals amid a surge in demand for raw materials crucial to power electric vehicles.EV metals contracts were “definitely something that we are looking at” as the bourse continues to assesses the market, according to Cheong Jin Yu, director of commodities at the SGX, without providing details on any timetable or specific materials.“We hear requests from investors about that every day,” Cheong said in an interview. “But we also have to consider the role we can play in the context of what battery metals contracts are available in the market, where we sit and what we can bring to the table.”Green stimulus measures worldwide have been accelerating the adoption of EVs, leading to booming demand for raw materials including lithium, cobalt, copper and nickel. Commodities key to the clean-energy transition also are getting an added boost from the global recovery in industry.Lithium prices have rebounded after a three-year slump and copper has rallied to a record high. The London Metal Exchange has delayed the start date for cash-settled futures for lithium hydroxide to July, while trading volume on cobalt remains among the thinest of contracts on the bourse.“For us, it is not about how fast we can launch the contracts, but how could we introduce contracts that would serve the market well and really make a difference,” said Cheong. “Battery metals is also a very, very diverse complex. It’s not just one metal.”The Singapore Exchange, which is the world’s biggest clearer of iron ore derivatives, is also planning to launch steel rebar futures, while specific contract details haven’t yet been publicly announced.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The sports star was riding her bike when the driver drifted into the bike lane and collided with her, the Lakewood Police Department said in a statement
Pro-Palestine demonstrators marched through midtown Manhattan on May 18, stopping in front of the New York offices of the American Israel Public Affairs Committee (AIPAC).AIPAC is a lobbying group representing pro-Israel interests in the US, and is often the target of critics of the country’s policies. During Israel’s current campaign in Gaza, AIPAC has defended the military intervention, and said that Hamas uses civilians as “human shields.”On Tuesday, health officials in Gaza said that at least 213 people have been killed and more than 1,400 injured inside the Palestinian enclave since the start of Israeli strikes on May 10. At least 12 people have been reported killed inside Israel after militants in Gaza began firing thousands of rockets.On Tuesday, protesters marched through parts of midtown Manhattan, stopping in front of AIPAC’s Third Avenue offices, where this video was taken. Credit: Jason Rosenberg via Storyful
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Braxia Scientific Corp. f/k/a Champignon Brands Inc. ("Champignon") (OTC: SHRMF) between March 27, 2020 and February 17, 2021, inclusive (the "Class Period") of the important June 9, 2021 lead plaintiff deadline in the securities class action commenced by the firm.