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Monday, August 31, 2020

Oregon governor announces more police resources a day after fatal Portland shooting - NBC News

 

India’s Economy Shrank Nearly 24 Percent Last Quarter - The New York Times

 

Hamas and Israel agree end to cross-border bombing in Gaza - The Guardian

 

Breaking Down the N.F.L.'s Biggest Quarterback Battles - The New York Times

 

M&S food goes fully online with Ocado launch

 
The grocer is making its entire range available for delivery but experts are divided on the move.

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Child Trust Funds: Teenagers get first chance to access cash

 
Savings pots could now be worth more than £1,000 but many teenagers are unaware they exist.

from BBC News - Business https://ift.tt/2EUq1yJ

How this African restaurant adapted to the pandemic

 
Molly Malone's Restaurant in Johannesburg has converted its carpark into an outdoor 'roadhouse'.

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Rafael Devers' RBI single

 

Rafael Devers sends a single into center and Alex Verdugo scores the first run of the game for the Red Sox



from Boston Red Sox News, Scores, Standings, Rumors, Videos & Highlights https://ift.tt/2YRB0At

Rafael Devers Has Rebounded In Massive Way After Slow Start For Red Sox

 

Rafael Devers is is heating up in a huge way. The Boston Red Sox third baseman uncharacteristically started the season off 10-for-62. Over the last few weeks, though, Devers has turned things around and gone on an impressive 20-for-64 run, including a 4-for-4, two home run performance against the Washington Nationals on Sunday.



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Cubs make flurry of moves at trade deadline, add LHPs Andrew Chafin, Josh Osich and OF Cameron Maybin

 

Pasulka allegedly fondled and told a woman she needed to "do a little extra" if she wanted to have custody of her children. He is also accused of sexually assaulting a colleague and sexually abusing another.



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When Chaim Bloom Expects Chris Sale, Eduardo Rodriguez To Be Ready

 

The Red Sox knew going into the shortened 2020 Major League Baseball season that they’d be without Chris Sale due to Tommy John surgery. But Boston was thrown a curveball when Eduardo Rodriguez contracted COVID-19 and dealt with myocarditis as a result. But come 2021, they both should be on the mound.



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Darwinzon Hernandez injury: Boston Red Sox reliever has sprained SC joint, placed on 10-day injured list

 

The Boston Red Sox have placed left-handed reliever Darwinzon Hernandez on the injured list with a sprained SC joint. The SC joint, there’s some inflammation there,” Red Sox manager Ron Roenicke said. They (medical staff) have checked him out.



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Dodgers trade Ross Stripling to Blue Jays for two players to be named later

 

Rather than add a major league piece at trading deadline, the Dodgers traded pitcher Ross Stripling to the Blue Jays for 2 players to be named later.



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Trump defends supporters accused in deadly clashes

 
The US president suggests right-wing activists in Wisconsin and Oregon acted in self-defence.

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Hundreds of migrants still dying in Med five years since 2015

 
Five years on from the migrant crisis of 2015 hundreds are still dying in the Mediterranean.

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Still ill with coronavirus six months later: 'I have no idea how to get better'

 
For some people Covid just will not go away – one woman’s Instagram diary of her long-haul illness.

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Rival powers jockey for the lead in hypersonic aircraft

 
The US, China and Russia are pouring money into aircraft that can fly at five times the speed of sound.

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Prashant Bhushan: India finds an unlikely hero in lawyer-activist

 
Prashant Bhushan refused to apologise to the Supreme Court and got a symbolic one-rupee fine.

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The 10 Senate seats most likely to flip in 2020 - CNN

 

McEnany previews Trump's trip to Kenosha - Fox News

 
McEnany previews Trump's trip to Kenosha  Fox NewsView Full Coverage on Google News

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The airline industry is ditching change fees because it’s desperate for people to fly - The Verge

 

Adele's hair and bikini spark cultural-appropriation debate - Los Angeles Times

 

All you need to know about today's Deadline - MLB.com

 

Sunday, August 30, 2020

Jon Rahm outlasts Dustin Johnson in thrilling BMW Championship - ESPN

 

NBA playoffs - The Boston Celtics' depth is showing up in these playoffs - ESPN

 

Report: Red Sox doing 'background on Mets minor leaguers' as NY might have interest in Christian Vazquez

 

Trade rumors involving Boston Red Sox catcher Christian Vazquez continue to swirl ahead of Monday’s deadline. The Red Sox are doing background on Mets minor leaguers, an indication that the Mets might be interested in catcher Christian Vazquez,” The Athletic’s Ken Rosenthal reported Sunday. The Red Sox are asking for a “crazy” return for Vazquez, Boston Sports Journal’s Sean McAdam reported Saturday.



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For Rafael Devers and teammates, Sunday's offensive performance was a breeze

 

A day like today where everybody puts it together, that’s what it looks like. That’s what it can look like. Meanwhile, Devers’ 4 for 4 day didn’t have any cheapies.



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Europe's migrant crisis: The year that changed a continent

 
More than a million people arrived in Europe in 2015. Five years on, we reflect on what's changed.

from BBC News - World https://ift.tt/2ET2wpK

The search engine boss who wants to help us all plant trees

 
Christian Kroll is the boss of Ecosia, which donates 80% of its profits to tree-planting projects.

from BBC News - World https://ift.tt/2YPoIZg

Letter from Africa: Why Kenyans are no longer cheering their constitution

 
It is a time of reflection 10 years after the country was promised a rebirth, writes Waihiga Mwaura.

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When 3,000% Price Swings Are a Sign of Maturity

 

When 3,000% Price Swings Are a Sign of Maturity(Bloomberg Opinion) -- In the past, Beijing has responded to wild swings in its stock markets with regulatory crackdowns. This time is likely to be different. That’s why investors should see gyrations as wide as 3,000% in shares on Shenzhen’s ChiNext market as a sign of emerging maturity.The 18 companies that made their trading debuts on the Nasdaq-like board last week rose an average of 200%, under revamped rules that remove limits on price moves for newly listed stocks. Previously, shares were restricted to a maximum increase of 44% or a decline of 36% on their first day of trading. For existing stocks, the daily limit on price movements has been doubled to 20% from 10%.China’s market reforms have been a stop-start process. Regulators have repeatedly sought to liberalize, only to step in when gut-wrenching volatility and wild speculation test their resolve. That pattern has played out repeatedly over decades, from the suspension of green-bean futures in 1995 to the government’s unsuccessful attempt to stem the collapse of a stock bubble in 2015.Officials’ distrust of unfettered market forces and determination to impose guardrails has produced distortions. One reason why new listings tend to soar is that pricing of initial public offerings is artificially depressed. Unofficial rules cap price-earnings ratios at 23. The result can be parabolic increases in stocks perceived to have the hottest growth prospects. In 2016, China Film Co. rose the permitted 44% on its debut and then by the 10% maximum for the next 11 trading days.The latest loosening of constraints might appear to confirm regulators’ worst fears of chaotic markets that expose small investors to the risk of socially divisive losses and ultimately undermine market integrity. With the ChiNext training wheels removed, Contec Medical Systems Co. spiked as much as 2,932% on its debut last Monday, before finishing with a gain of 1,061%. Yet there are reasons to believe that China may stay the course this time.For one thing, the government is under increasing pressure to create a viable alternative venue for technology companies as the environment for Chinese enterprises in the U.S. sours. The Trump administration has proposed delisting Chinese companies that fail to meet U.S. audit standards by 2022 . While Chinese regulators have offered concessions in an attempt to break the impasse, there’s no guarantee that a resolution will be reached.That’s the context in which China is easing bureaucratic restraints and moving to a freer system with the potential to create a deeper, more liquid and more vibrant market at home. Besides relaxing price curbs, ChiNext — like its sister market in Shanghai, the Star board — has moved to a registration-based IPO system. This moves the Chinese market closer to the listing mechanism used by Nasdaq. Instead of the securities regulator acting as a gatekeeper and vetting companies before they are allowed to list, the registration system permits any company meeting certain criteria to pitch to investors provided all relevant information is disclosed.Authorities have already shown a greater tolerance for volatility since the Star board started operations in July last year. The first 25 companies to go public on the Shanghai tech-focused market surged an average of 140%. Companies in strategic industries favored by the government, such as chipmaking and biotech, have done even better. Semiconductor Manufacturing International Corp., the world's biggest IPO so far this year, rose more than 200% on its July 16 debt. Jack Ma’s Ant Group, which is planning a $30 billion joint IPO in Shanghai and Hong Kong, may create even more fervor.The enthusiasm generated by the ChiNext and Star markets is an indictment of how authorities have managed listings on the Shenzhen and Shanghai main boards. Regulatory oversight has allowed political considerations to influence the process. The result has been share markets that too often have been moribund, stuffed with plodding (though well-connected) state-owned enterprises that struggle to capture the imagination of investors. Faced with that failure, officials have sought to micro-manage demand, even shutting down the IPO market completely on occasion.Officials are right to be concerned about extreme price movements in a young and exuberant market where herd behavior is rife and manipulation may be relatively easy. The accounting scandal at Nasdaq-listed Luckin Coffee Inc. is a reminder of the unscrupulous behavior that can flourish even among high-flying companies. Experience shows, though, that heavy-handed bureaucratic controls aren’t the answer.A combination of U.S. hostility and domestic necessity is finally pushing China’s stock market in the direction it needs to go. It may not look like it yet, but this is progress.\--With assistance from Zhen Hao Toh and Jia Qi Li. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.




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Warren Buffett on markets and investor fear

 

Warren Buffett on markets and investor fearWarren Buffett speaks at the 2020 Berkshire Hathaway Annual Meeting in Omaha Nebraska and talks about how to take fear and uncertainty out of investing.




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Stock market news live updates: Futures inch higher; market gears up for Tesla, Apple stock splits

 

Stock market news live updates: Futures inch higher; market gears up for Tesla, Apple stock splitsLast week's rally took the S&P 500 and Nasdaq to new records, and has put the Dow within shouting distance of its all time high.




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Warren Buffett on markets and investor fear

 

Warren Buffett on markets and investor fearWarren Buffett speaks at the 2020 Berkshire Hathaway Annual Meeting in Omaha Nebraska and talks about how to take fear and uncertainty out of investing.




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When 3,000% Price Swings Are a Sign of Maturity

 

When 3,000% Price Swings Are a Sign of Maturity(Bloomberg Opinion) -- In the past, Beijing has responded to wild swings in its stock markets with regulatory crackdowns. This time is likely to be different. That’s why investors should see gyrations as wide as 3,000% in shares on Shenzhen’s ChiNext market as a sign of emerging maturity.The 18 companies that made their trading debuts on the Nasdaq-like board last week rose an average of 200%, under revamped rules that remove limits on price moves for newly listed stocks. Previously, shares were restricted to a maximum increase of 44% or a decline of 36% on their first day of trading. For existing stocks, the daily limit on price movements has been doubled to 20% from 10%.China’s market reforms have been a stop-start process. Regulators have repeatedly sought to liberalize, only to step in when gut-wrenching volatility and wild speculation test their resolve. That pattern has played out repeatedly over decades, from the suspension of green-bean futures in 1995 to the government’s unsuccessful attempt to stem the collapse of a stock bubble in 2015.Officials’ distrust of unfettered market forces and determination to impose guardrails has produced distortions. One reason why new listings tend to soar is that pricing of initial public offerings is artificially depressed. Unofficial rules cap price-earnings ratios at 23. The result can be parabolic increases in stocks perceived to have the hottest growth prospects. In 2016, China Film Co. rose the permitted 44% on its debut and then by the 10% maximum for the next 11 trading days.The latest loosening of constraints might appear to confirm regulators’ worst fears of chaotic markets that expose small investors to the risk of socially divisive losses and ultimately undermine market integrity. With the ChiNext training wheels removed, Contec Medical Systems Co. spiked as much as 2,932% on its debut last Monday, before finishing with a gain of 1,061%. Yet there are reasons to believe that China may stay the course this time.For one thing, the government is under increasing pressure to create a viable alternative venue for technology companies as the environment for Chinese enterprises in the U.S. sours. The Trump administration has proposed delisting Chinese companies that fail to meet U.S. audit standards by 2022 . While Chinese regulators have offered concessions in an attempt to break the impasse, there’s no guarantee that a resolution will be reached.That’s the context in which China is easing bureaucratic restraints and moving to a freer system with the potential to create a deeper, more liquid and more vibrant market at home. Besides relaxing price curbs, ChiNext — like its sister market in Shanghai, the Star board — has moved to a registration-based IPO system. This moves the Chinese market closer to the listing mechanism used by Nasdaq. Instead of the securities regulator acting as a gatekeeper and vetting companies before they are allowed to list, the registration system permits any company meeting certain criteria to pitch to investors provided all relevant information is disclosed.Authorities have already shown a greater tolerance for volatility since the Star board started operations in July last year. The first 25 companies to go public on the Shanghai tech-focused market surged an average of 140%. Companies in strategic industries favored by the government, such as chipmaking and biotech, have done even better. Semiconductor Manufacturing International Corp., the world's biggest IPO so far this year, rose more than 200% on its July 16 debt. Jack Ma’s Ant Group, which is planning a $30 billion joint IPO in Shanghai and Hong Kong, may create even more fervor.The enthusiasm generated by the ChiNext and Star markets is an indictment of how authorities have managed listings on the Shenzhen and Shanghai main boards. Regulatory oversight has allowed political considerations to influence the process. The result has been share markets that too often have been moribund, stuffed with plodding (though well-connected) state-owned enterprises that struggle to capture the imagination of investors. Faced with that failure, officials have sought to micro-manage demand, even shutting down the IPO market completely on occasion.Officials are right to be concerned about extreme price movements in a young and exuberant market where herd behavior is rife and manipulation may be relatively easy. The accounting scandal at Nasdaq-listed Luckin Coffee Inc. is a reminder of the unscrupulous behavior that can flourish even among high-flying companies. Experience shows, though, that heavy-handed bureaucratic controls aren’t the answer.A combination of U.S. hostility and domestic necessity is finally pushing China’s stock market in the direction it needs to go. It may not look like it yet, but this is progress.\--With assistance from Zhen Hao Toh and Jia Qi Li. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.




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Democrats Blast End Of In-Person Election Security Briefings - NPR

 

Mayors Of College Towns Brace For The Economic Impact Of Remote Learning - NPR

 

Hurricane center monitoring 'quartet of systems,' disturbance could form off East Coast - Fox News

 

Japan has the world’s oldest population. Yet it dodged a coronavirus crisis at elder-care facilities. - The Washington Post

 
Japan has the world’s oldest population. Yet it dodged a coronavirus crisis at elder-care facilities.  The Washington Post

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Samsung starts mass production of 16Gb LPDDR5 DRAM chips at Pyeongtaek Line 2 plant - SamMobile

 

Tate McRae Performs "You Broke Me First" | 2020 MTV VMAs - MTV

 

Taylor Swift’s ‘Folklore’ Ties for Most Weeks at No. 1 in 2020 on Billboard 200 Albums Chart - Billboard

 

2020 BMW Championship leaderboard, grades: Jon Rahm drains insane 66-foot putt to win in a playoff - CBSSports.com

 

Report: LSU's Ja'Marr Chase Will Opt-Out of 2020 Season, Prepare for NFL Draft - Bleacher Report

 

Government paid influencers to promote Test and Trace

 
Taxpayer money was used to pay influencers to promote Test and Trace.

from BBC News - Technology https://ift.tt/3bdp94k

The search engine boss who wants to help us all plant trees

 
Christian Kroll is the boss of Ecosia, which donates 80% of its profits to tree-planting projects.

from BBC News - Technology https://ift.tt/2YPoIZg

Saturday, August 29, 2020

Jackson Hole wrap-up: For the Fed, inflation is all about managing expectations - Yahoo Finance

 

Amazon’s new fitness tracker Halo will monitor your tone of voice - Quartz

 

Apple's next entry-level iPad might look a lot like an iPad Pro - Engadget

 

Bella Thorne Apologizes for Screwing Over Normie OnlyFans Users - TMZ

 

Kourtney Kardashian & Scott Disick Risk Running Into His Ex Sofia Richie During Dinner Date - HollywoodLife

 

NASCAR TV schedule: Week of Aug. 31 - Sept. 6, 2020

 

Which channels have NASCAR programming this week? We answer that and give the weekly NASCAR television listings here in the NASCAR TV schedule. Note: All times are ET. MORE: How to find NBCSN | Get the NBC Sports App | How to find FS1 | Get FOX Sports App RELATED: How to follow races on NASCAR.com […]



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Wallace says racing doesn't mean NASCAR is 'standing down'

 

Bubba Wallace said there was not much of a dialogue among NASCAR drivers regarding sitting out the Cup Series regular-season finale at Daytona International Speedway. While other sports postponed games and practices this week in the wake of the shooting of Jacob Blake, a Black man, by a white police officer in Kenosha, Wisconsin, NASCAR pressed on at its historic track. ''We still have a lot of work to do as a nation to make things better for us, our next generation coming up through,'' Wallace told NBC Sports before Saturday night's race.



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One in four BHS stores remain vacant four years after collapse

 
Department store chain closed its last stores in 2016 but finding new uses is a lengthy process.

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Chris Mazza Takes Hill As Red Sox Look To Get Back On Track Vs. Nationals

 

Chris Mazza takes the hill for the Boston Red Sox on Saturday night. The 30-year-old makes his second start of the season as the Red Sox take on the Washington Nationals at Fenway Park. Mazza tossed three innings in his last outing on Aug. 16 against the New York Yankees where he allowed four earned runs and struck out four batters.



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Red Sox open for deadline business, but their shelves appear a bit bare

 

While they didn’t rule out the possibility completely, multiple evaluators consider it unlikely that the Sox move players who are under team control beyond 2021. So when the dust settles on Monday, who’s likely to be around? Untouchable-ish Red Sox chief baseball officer Chaim Bloom didn’t want to back himself into a corner — after all, he’s already dealt away Mookie Betts — but realistically, the Sox aren’t dealing players who they see as part of their long-term core.



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Searching for the lost dogs of the Beirut blast

 
Many pets ran away after a massive explosion in Beirut, leaving Leila Molana-Allen pining for a missing puppy.

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'They wanted to drown me at birth - now I'm a poet'

 
Kuli Kohli has always used writing as a means of escape from the prejudice she has experienced as an Asian woman with cerebral palsy.

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Begum Rokeya: The forgotten 19th Century feminist

 
Begum Rokeya was a writer, educationalist and reformer who tirelessly fought for women's rights.

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Algeria's lessons from The Plague in the age of coronavirus

 
Finding parallels between the famous novel and how Algeria is coping with coronavirus amid political upheaval.

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Ex-Trump Acting Chief of Staff Mulvaney Starting Hedge Fund

 

Ex-Trump Acting Chief of Staff Mulvaney Starting Hedge Fund(Bloomberg) -- Mick Mulvaney, a Trump administration veteran who served as acting White House chief of staff, is launching a hedge fund that aims to bet on financial services stocks.Mulvaney is starting the enterprise, Exegis Capital, with investor Andrew Wessel, a former portfolio manager at Sterling Capital Management. The pair discussed their plan at length in a podcast interview with S&P Global Market Intelligence released on Aug. 25.The long-short fund will capitalize on the duo’s knowledge of major regulatory changes that impact the financial services industry, they said on the podcast.Mulvaney, a former congressman, was appointed in March as the special U.S. envoy to Northern Ireland. He was Trump’s acting chief of staff for more than a year and also served as director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau.Attempts to reach Mulvaney by phone and text outside of normal business hours weren’t successful.Mulvaney, 53, isn’t the only former Republican politician getting into finance recently. Former House Speaker Paul Ryan said earlier this month he’d serve as chairman for a special purpose acquisition company, or SPAC, with hopes of raising about $300 million.Mulvaney remains closely connected to the administration, though, as special envoy. People in that role have in the past facilitated the negotiation and implementation of the Belfast/Good Friday Agreement, Secretary of State Michael Pompeo said when announcing Mulvaney’s appointment on March 11.Special envoys are permitted to hold positions outside of government in some cases, Politico reported, citing a former State Department official.In the podcast interview, Mulvaney touted his knowledge of the CFPB, an agency responsible for monitoring consumer protections in the financial sector that was part of the Dodd-Frank Wall Street reforms, as an asset for the new venture.“How the CFPB works has huge impact on lenders if you can understand things in advance, and understand how the system works,” he said. “You have to understand how Washington works.”That understanding will be useful no matter who wins the presidential election in November, he said.“It’s going to work a certain way under a Biden administration, and I think we know how that works. And it’s going to work a different way under a second term of a Trump administration.”(Updates with Mulvaney comments from 10th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.




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4 Perfect Stocks to Buy for Beginners

 

4 Perfect Stocks to Buy for BeginnersWith another round of funding, Robinhood has seen its valuation surge to $11.2 billion. Its not surprising considering the fact that the company added 3 million new customer accounts at the beginning of fiscal year 2020. As markets continue to trade near all-time-highs, retail investor interest remains elevated. Capital preservation is one of the most important objectives when selecting stocks to buy for beginners.Initial losses might scare new investors from markets that have consistently been able to beat most asset classes in the long term. Even if there is a correction, it would provide an opportunity for entry for the long term.Laura Gonzalez, Ph.D., associate professor of Finance at California State University in Long Beach, outlined the strategy for beginners.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"Beginning investors need to keep in mind that the opportunity to enter the financial markets is based on institutional and regulatory protections, as well as the need to time the entry," she said. "The goal is to buy low, minimize fees and let long term diversified investments take care of market fluctuations. There is no need to invest large amounts. The key is to start small, strategically, and don't wait until middle age."I see the keywords as attractive valuations, long-term exposure and a diversified portfolio. * 9 Gold Stocks to Buy That Still Have Room to RunLet's look at four stocks to buy for beginners. These names are worth holding in the core portfolio for the next few years. * Costco Wholesale (NASDAQ:COST) * Apple (NASDAQ:AAPL) * Lockheed Martin (NYSE:LMT) * AstraZeneca PLC (NYSE:AZN) Stocks to Buy for Beginners: Costco Wholesale (COST)Source: ilzesgimene / Shutterstock.com In the list of stocks to buy for beginners, COST stock is among my top picks. The stock has a beta of 0.69 and is a perfect defensive stock for beginners. In addition, the company currently has a dividend payout of $2.80 per share and dividends are likely to increase in the coming years.In terms of business, Costco currently has 55.8 million households as members. Further, the company generated $3.5 billion in cash fees in the last 12-months. With 91% renewal rate in U.S. and Canada, there is clear cash-flow visibility.Another important growth factor is that Costco started building a presence in China. The company has ample financial headroom for aggressive growth. In the coming years, cash fees should continue to trend higher.The company's focus on e-commerce is also delivering results. For the 48-weeks ended Aug. 2, the company reported 46.1% growth in e-commerce sales on a year-over-year basis. With all these positives, COST stock has been on an uptrend.I believe the positive momentum is likely to sustain and beginners can consider gradual exposure to the stock. Apple (AAPL) Click to EnlargeSource: mama_mia / Shutterstock.com AAPL stock is another name that should be among the top stocks to buy for beginners. The stock has surged by 146% in the last year, but I believe that there is more juice in the rally.Recently, Wedbush analyst Daniel Ives raised the stock's target price to $600 with a bull case target price of $700. With AAPL stock currently trading around $500, there is ample scope for upside.The first reason to like Apple is that the company is a cash-flow machine. For the first nine months of the year, the company generated operating cash flow of $60 billion. The company also has nearly $200 billion in cash and equivalents. This leaves ample scope for shareholder value creation through dividends and share repurchase.In addition, the company's financial flexibility allows investment in innovation and inorganic growth. Recently, the company acquired a virtual reality firm that creates immersive Zoom calls. Apple is also more diversified with strong growth in services and wearable segment of business. * 9 Gold Stocks to Buy That Still Have Room to RunOverall, with healthy earnings growth, focus on innovation and continued shareholder value creation, AAPL stock is worth holding. Lockheed Martin (LMT)Source: Ken Wolter / Shutterstock.com LMT stock is another name that has a beta of less than one. In addition, the company offers a dividend of about $9.60. With the defense sector immune to cyclical swings in the economy, Lockheed Martin is a core portfolio stock.As of second quarter of 2020, Lockheed Martin reported an order backlog of $150 billion. Recently, the company won a $62 billion contract for F-16 foreign military sales. As the order backlog swells, the company has clear revenue and cash-flow visibility. The recent foreign military sales contract is also significant as the company's sales diversify beyond the United States.I also like the fact that LMT stock is currently trading at a price-earnings-ratio of 16.4. With the S&P 500 Index trading at a P/E of 29.8, the stock is relatively attractive. Further, the stock has been in an extended consolidation zone with returns of 4.8% in the last one year. I would not be surprised if there is a break-out on the upside. AstraZeneca PLC (AZN)Source: Shutterstock AZN stock is another name that has a significantly low beta of 0.26 and is worth considering for beginners. The stock also pays an annual dividend of $1.40. I also like AZN stock as the company gives new investors exposure to the pharmaceuticals sector, which has been in limelight since the novel coronavirus pandemic.Besides being a front-runner in the race for the Covid-19 vaccine, there are other reasons to like AstraZeneca from a business perspective. The company has a strong late-stage pipeline of drugs and that will translate into strong growth in the coming years.Its worth noting that the new medicines segment delivered 45% growth in the first half of 2020 with the oncology division delivering 31% growth. If the development remains positive related to the Covid-19 vaccine, earnings growth can accelerate in the coming year.Overall AZN stock is worth holding in the portfolio and offers protection against market volatility besides growth visibility. I also expect the company's dividend to increase in the coming years.Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modelling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector. As of this writing, Faisal Humayun did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 4 Perfect Stocks to Buy for Beginners appeared first on InvestorPlace.




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Ex-Trump Acting Chief of Staff Mulvaney Starting Hedge Fund

 

Ex-Trump Acting Chief of Staff Mulvaney Starting Hedge Fund(Bloomberg) -- Mick Mulvaney, a Trump administration veteran who served as acting White House chief of staff, is launching a hedge fund that aims to bet on financial services stocks.Mulvaney is starting the enterprise, Exegis Capital, with investor Andrew Wessel, a former portfolio manager at Sterling Capital Management. The pair discussed their plan at length in a podcast interview with S&P Global Market Intelligence released on Aug. 25.The long-short fund will capitalize on the duo’s knowledge of major regulatory changes that impact the financial services industry, they said on the podcast.Mulvaney, a former congressman, was appointed in March as the special U.S. envoy to Northern Ireland. He was Trump’s acting chief of staff for more than a year and also served as director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau.Attempts to reach Mulvaney by phone and text outside of normal business hours weren’t successful.Mulvaney, 53, isn’t the only former Republican politician getting into finance recently. Former House Speaker Paul Ryan said earlier this month he’d serve as chairman for a special purpose acquisition company, or SPAC, with hopes of raising about $300 million.Mulvaney remains closely connected to the administration, though, as special envoy. People in that role have in the past facilitated the negotiation and implementation of the Belfast/Good Friday Agreement, Secretary of State Michael Pompeo said when announcing Mulvaney’s appointment on March 11.Special envoys are permitted to hold positions outside of government in some cases, Politico reported, citing a former State Department official.In the podcast interview, Mulvaney touted his knowledge of the CFPB, an agency responsible for monitoring consumer protections in the financial sector that was part of the Dodd-Frank Wall Street reforms, as an asset for the new venture.“How the CFPB works has huge impact on lenders if you can understand things in advance, and understand how the system works,” he said. “You have to understand how Washington works.”That understanding will be useful no matter who wins the presidential election in November, he said.“It’s going to work a certain way under a Biden administration, and I think we know how that works. And it’s going to work a different way under a second term of a Trump administration.”(Updates with Mulvaney comments from 10th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.




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4 Perfect Stocks to Buy for Beginners

 

4 Perfect Stocks to Buy for BeginnersWith another round of funding, Robinhood has seen its valuation surge to $11.2 billion. Its not surprising considering the fact that the company added 3 million new customer accounts at the beginning of fiscal year 2020. As markets continue to trade near all-time-highs, retail investor interest remains elevated. Capital preservation is one of the most important objectives when selecting stocks to buy for beginners.Initial losses might scare new investors from markets that have consistently been able to beat most asset classes in the long term. Even if there is a correction, it would provide an opportunity for entry for the long term.Laura Gonzalez, Ph.D., associate professor of Finance at California State University in Long Beach, outlined the strategy for beginners.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"Beginning investors need to keep in mind that the opportunity to enter the financial markets is based on institutional and regulatory protections, as well as the need to time the entry," she said. "The goal is to buy low, minimize fees and let long term diversified investments take care of market fluctuations. There is no need to invest large amounts. The key is to start small, strategically, and don't wait until middle age."I see the keywords as attractive valuations, long-term exposure and a diversified portfolio. * 9 Gold Stocks to Buy That Still Have Room to RunLet's look at four stocks to buy for beginners. These names are worth holding in the core portfolio for the next few years. * Costco Wholesale (NASDAQ:COST) * Apple (NASDAQ:AAPL) * Lockheed Martin (NYSE:LMT) * AstraZeneca PLC (NYSE:AZN) Stocks to Buy for Beginners: Costco Wholesale (COST)Source: ilzesgimene / Shutterstock.com In the list of stocks to buy for beginners, COST stock is among my top picks. The stock has a beta of 0.69 and is a perfect defensive stock for beginners. In addition, the company currently has a dividend payout of $2.80 per share and dividends are likely to increase in the coming years.In terms of business, Costco currently has 55.8 million households as members. Further, the company generated $3.5 billion in cash fees in the last 12-months. With 91% renewal rate in U.S. and Canada, there is clear cash-flow visibility.Another important growth factor is that Costco started building a presence in China. The company has ample financial headroom for aggressive growth. In the coming years, cash fees should continue to trend higher.The company's focus on e-commerce is also delivering results. For the 48-weeks ended Aug. 2, the company reported 46.1% growth in e-commerce sales on a year-over-year basis. With all these positives, COST stock has been on an uptrend.I believe the positive momentum is likely to sustain and beginners can consider gradual exposure to the stock. Apple (AAPL) Click to EnlargeSource: mama_mia / Shutterstock.com AAPL stock is another name that should be among the top stocks to buy for beginners. The stock has surged by 146% in the last year, but I believe that there is more juice in the rally.Recently, Wedbush analyst Daniel Ives raised the stock's target price to $600 with a bull case target price of $700. With AAPL stock currently trading around $500, there is ample scope for upside.The first reason to like Apple is that the company is a cash-flow machine. For the first nine months of the year, the company generated operating cash flow of $60 billion. The company also has nearly $200 billion in cash and equivalents. This leaves ample scope for shareholder value creation through dividends and share repurchase.In addition, the company's financial flexibility allows investment in innovation and inorganic growth. Recently, the company acquired a virtual reality firm that creates immersive Zoom calls. Apple is also more diversified with strong growth in services and wearable segment of business. * 9 Gold Stocks to Buy That Still Have Room to RunOverall, with healthy earnings growth, focus on innovation and continued shareholder value creation, AAPL stock is worth holding. Lockheed Martin (LMT)Source: Ken Wolter / Shutterstock.com LMT stock is another name that has a beta of less than one. In addition, the company offers a dividend of about $9.60. With the defense sector immune to cyclical swings in the economy, Lockheed Martin is a core portfolio stock.As of second quarter of 2020, Lockheed Martin reported an order backlog of $150 billion. Recently, the company won a $62 billion contract for F-16 foreign military sales. As the order backlog swells, the company has clear revenue and cash-flow visibility. The recent foreign military sales contract is also significant as the company's sales diversify beyond the United States.I also like the fact that LMT stock is currently trading at a price-earnings-ratio of 16.4. With the S&P 500 Index trading at a P/E of 29.8, the stock is relatively attractive. Further, the stock has been in an extended consolidation zone with returns of 4.8% in the last one year. I would not be surprised if there is a break-out on the upside. AstraZeneca PLC (AZN)Source: Shutterstock AZN stock is another name that has a significantly low beta of 0.26 and is worth considering for beginners. The stock also pays an annual dividend of $1.40. I also like AZN stock as the company gives new investors exposure to the pharmaceuticals sector, which has been in limelight since the novel coronavirus pandemic.Besides being a front-runner in the race for the Covid-19 vaccine, there are other reasons to like AstraZeneca from a business perspective. The company has a strong late-stage pipeline of drugs and that will translate into strong growth in the coming years.Its worth noting that the new medicines segment delivered 45% growth in the first half of 2020 with the oncology division delivering 31% growth. If the development remains positive related to the Covid-19 vaccine, earnings growth can accelerate in the coming year.Overall AZN stock is worth holding in the portfolio and offers protection against market volatility besides growth visibility. I also expect the company's dividend to increase in the coming years.Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modelling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector. As of this writing, Faisal Humayun did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 4 Perfect Stocks to Buy for Beginners appeared first on InvestorPlace.




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Maddow about Trump's speech: "A lot of it was wrong — factually wrong" - Salon

 
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