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Scientists have created rechargeable, glow-in-the-dark plants using nanoparticles that absorb and emit light

A group of researchers from MIT modified the leaves of different plant species with nanoparticles that absorb then emit light. Green nanoparticles that absorb then emit light, as viewed under a microscope inside a plant leaf. Strano et al., Science Advances, 2021 MIT researchers embedded plant leaves with rechargeable nanoparticles that absorb and emit light. After a 10-second charge with an LED light, the nanoparticles glow in the dark for several minutes. "This is a big step toward plant-based lighting," one of the researchers said. See more stories on Insider's business page. Scientists are working on a rechargeable, glow-in-the-dark plant that could replace some of the energy-intensive electric lights we currently rely on.The technology works thanks to nanoparticles that get embedded near the surface of leaves. A 10-second charge from an LED light lasting charges the nanoparticles enough for the plant to then glow brightly for several minutes, and the nanoparticles can be repeatedly recharged.New research, published in the journal Science Advances, is part of a growing field called plant nanobionics - using nanoparticles to add extra functions and capabilities to living plants. This is the second generation of the technology that scientists have developed."We wanted to create a light-emitting plant with particles that will absorb light, store some of it, and emit it gradually," Michael Strano, a chemical engineering from MIT and co-author of the new study, said in a press release. "This is a big step toward plant-based lighting."Material that can absorb and emit light inside plant leavesAt the core of the glowing plants are capacitors that can store light in the form of photons, then release them over time. A compound called strontium aluminate was used as a phosphor - a material that can absorb visible and ultraviolet light, and emit it as a glow.Strontium aluminate can be formed into nanoparticles, which Strano's team then coated in silica to protect them from damage. The researchers embedded the nanoparticles in a plant's stomata - the small pores on the surface of leaves that allow gases to pass in or out of the plant's tissues. A graphic showing how scientists modified a plant leaf with nanoparticles that absorb and emit light. Strano et al., Science Advances, 2021 The team was able to get the technology working in five plant species that each had leaves of different sizes: basil, watercress, tobacco, daisy, and the Thailand elephant ear plant."We need to have an intense light, delivered as one pulse for a few seconds, and that can charge it," Pavlo Gordiichuk, an MIT nanoscientist and study co-author, said in the release."We also showed that we can use big lenses, such as a Fresnel lens, to transfer our amplified light a distance more than 1 meter. This is a good step toward creating lighting at a scale that people could use," he added. A glowing Thailand elephant ear leaf with nanoparticles embedded inside. Strano et al., Science Advances, 2021 Further analysis revealed that the plants were still photosynthesizing normally, and could continue to evaporate water through their stomata. After the experiments, the scientists were able to extract and reuse around 60% of the phosphors that had been used.What makes the technology even more promising is that it's a significant upgrade over the first-generation nanoparticles used to make glowing plants. Those particles used luciferase and luciferin enzymes (found in fireflies) to produce a very dim glow.The researchers said one day different types of nanoparticles could be combined in the same plant.We're still a ways from this technology being something that can be used practically - researchers seem to be able to recharge a leaf for only two weeks or so. But it's undoubtedly a bright innovation to keep an eye on for the future."Creating ambient light with the renewable chemical energy of living plants is a bold idea," Sheila Kennedy, another study co-author, said in the release. "It represents a fundamental shift in how we think about living plants and electrical energy for lighting."Read the original article on Business Insider.....»»

Category: worldSource: nyt1 hr. 18 min. ago Related News

Is Virtus KAR Small Cap Sustain Growth I (PXSGX) a Strong Mutual Fund Pick Right Now?

Mutual Fund Report for PXSGX If you have been looking for Small Cap Growth funds, a place to start could be Virtus KAR Small Cap Sustain Growth I (PXSGX). PXSGX carries a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.ObjectiveThe world of Small Cap Growth funds is an area filled with options, such as PXSGX. These funds tend to create their portfolios around stocks that sport large growth opportunities and market capitalization of less than $2 billion. The companies in these portfolios are usually on the smaller side, and are in up-and-coming industries and markets.History of Fund/ManagerVirtus Funds is responsible for PXSGX, and the company is based out of Hartford, CT. Virtus KAR Small Cap Sustain Growth I made its debut in June of 2006, and since then, PXSGX has accumulated about $5.57 billion in assets, per the most up-to-date date available. The fund is currently managed by Todd Beiley who has been in charge of the fund since April of 2008.PerformanceOf course, investors look for strong performance in funds. This fund carries a 5-year annualized total return of 27.98%, and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 22.53%, which places it in the top third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of PXSGX over the past three years is 20.91% compared to the category average of 17.7%. Looking at the past 5 years, the fund's standard deviation is 16.86% compared to the category average of 14.51%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsInvestors should note that the fund has a 5-year beta of 0.87, so it is likely going to be less volatile than the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. PXSGX's 5-year performance has produced a positive alpha of 11.18, which means managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.ExpensesCosts are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, PXSGX is a no load fund. It has an expense ratio of 1.07% compared to the category average of 1.21%. PXSGX is actually cheaper than its peers when you consider factors like cost.Investors should also note that the minimum initial investment for the product is $100,000 and that each subsequent investment has no minimum amount.Bottom LineOverall, Virtus KAR Small Cap Sustain Growth I ( PXSGX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a good potential choice for investors right now.For additional information on the Small Cap Growth area of the mutual fund world, make sure to check out www.zacks.com/funds/mutual-funds. There, you can see more about the ranking process, and dive even deeper into PXSGX too for additional information. For analysis of the rest of your portfolio, make sure to visit Zacks.com for our full suite of tools which will help you investigate all of your stocks and funds in one place. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (PXSGX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks2 hr. 50 min. ago Related News

3 Thrivent Mutual Funds That You Must Consider Buying

Below we share with you three best-ranked Thrivent mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy). Thrivent Mutual Funds is part of Thrivent Financial and had more than $ 23.8 billion worth of assets as of Dec 31, 2020. Thrivent Financial has more than $162 billion in assets under management. It serves at least 2 million customers and has more than 125 investment professionals.Moreover, Thrivent Mutual Funds has invested in more than 20 actively managed, solution-based mutual funds across a wide range of categories, including equity, income plus, asset allocation and fixed income funds. Thrivent Mutual Funds aims to offer simple and smart investing, and has a strong record of competitive performance.Below we share with you three best-ranked Thrivent mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.Thrivent Small Cap Stock Fund Class A AASMX aims for long-term capital growth. The fund invests the majority of its assets in equity securities of small companies. The market capitalization of these companies is equivalent to those included on the Russell 2000 Index, S&P SmallCap 600 Index, or the small-company market capitalization classifications published by Lipper, Inc.AASMX has three-year annualized returns of 15.3%. As of the end of June 2021, AASMX held 91 issues with 2.3% of its assets invested in TTM Technologies Inc.Thrivent Aggressive Allocation Fund Class A TAAAX aims for long-term capital growth. The fund invests in a combination of other funds managed by the Adviser and directly held financial instruments. It is meant for investors who seek greater long-term capital growth and are not averse to higher levels of risk and volatility. The fund allocates its assets mainly in equity securities. However, it may invest 0-25% of its assets in debt securities.TAAAX has three-year annualized returns of 13.7%. Stephen D. Lowe is one of the fund managers of TAAAX since 2016.Thrivent Multidimensional Income Fund Class S TMLDX seeks a high level of current income as well as growth of capital. This fund allocates its assets across various income and growth producing asset classes and strategies. It also invests in debt securities such as high yield, high risk bonds, notes, debentures and other debt obligations commonly known as junk bonds.TMLDX has three-year annualized returns of 6.8%. As of the end of June 2021, TMLDX held 638 issues with 4.34% of its assets invested in United States Treasury Notes 0.38%.To view the Zacks Rank and past performance of all Thrivent mutual funds, investors can click here to see the complete list of funds.Want key mutual fund info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (TAAAX): Fund Analysis Report Get Your Free (AASMX): Fund Analysis Report Get Your Free (TMLDX): Fund Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks2 hr. 50 min. ago Related News

Cassava (SAVA) Posts Top-Line Data from AD Study on Simufilam

Cassava (SAVA) reports top-line data from an interim analysis of the on-going study evaluating simufilam in patients with mild-to-moderate Alzheimer's disease. Cassava Sciences, Inc. SAVA announced top-line data from an interim analysis of the ongoing study evaluating its drug candidate, simufilam, for treating patients with mild-to-moderate Alzheimer’s disease (“AD”).Data from the study showed that the first 50 subjects who completed one year of open-label treatment with simufilam saw their cognition scores improve at an average of 3.2 points on Alzheimer’s Disease Assessment Scale–Cognitive Subscale (ADAS-Cog) from the baseline. The study is being funded by the National Institutes of Health.68% of study subjects showed improvement on ADAS-Cog and an additional 20% of the subjects showed decline of less than five points on ADAS-Cog at 12 months of treatment.Overall, treatment with simufilam was generally well-tolerated, with no serious adverse side effect observed through the 12-month interim analysis.Shares of Cassava have skyrocketed 667% so far this year against the industry’s decrease of 12.5%.Image Source: Zacks Investment ResearchIn August 2021, Cassava reached an agreement with the FDA on Special Protocol Assessments (“SPA”) for its phase III studies of simufilam for the treatment of AD. The SPAs underscore the company’s alignment with the FDA on key scientific, clinical and regulatory requirements of the phase III program of simufilam in AD. The company plans to initiate the studies in the fourth quarter of 2021.Simufilam is a proprietary, small-molecule (oral) drug that restores the normal shape and function of altered filamin A, a scaffolding protein, in the brain.Quite a few companies are striving hard to get their AD drugs approved. Eli Lilly LLY is developing donanemab, an investigational antibody therapy, for AD. Small biotech Annovis Bio, Inc. ANVS is also developing its pipeline candidate in mid-stage study for treating AD.The FDA approval of Biogen’s BIIB AD drug, Aduhelm (aducanumab), has put the spotlight on this promising yet challenging space. In June 2021, Biogen and its partner Eisai won the FDA approval for Aduhelm as the first and only AD treatment, after a few setbacks.Zacks RankCassava currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Biogen Inc. (BIIB): Free Stock Analysis Report Eli Lilly and Company (LLY): Free Stock Analysis Report Cassava Sciences, Inc. (SAVA): Free Stock Analysis Report Annovis Bio, Inc. (ANVS): Get Free Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks2 hr. 50 min. ago Related News

Telecom Stock Roundup: AT&T Halves HBO Max Price, Verizon 5G for Air Force & More

While AT&T (T) is presently offering HBO MAX at $7.49 per month for six months in a limited promotional deal till Sep 26, Verizon (VZ) will provide 5G mobility service to seven Air Force Reserve Command installations. Over the past five trading days, U.S. telecom stocks continued to mirror the broader benchmark equity indices in a similar trend as the prior week and witnessed a gradual downtrend due to an apparent policy paralysis despite the best intentions of the government to spur a healthy growth momentum. The final passage of the $1.2 trillion infrastructure bill by the House appears to be stuck in a potential stalemate, as several progressive Democrats want the bill to be tied to the larger $3.5 trillion budget reconciliation bill that is facing massive backlash from both Republicans and Democrats. This even forced President Biden to personally meet the dissident groups to seek an early resolution, although it reportedly failed to broker a compromise despite some ‘productive’ discussions. The infusion of federal funds to improve broadband infrastructure for greater access and deeper penetration in the underserved domestic markets is the need of the hour to bridge the digital divide. However, the uncertainty over the much sought-after infrastructure bill that focuses on affordability and low-cost service option has hard hit the industry.In order to stimulate broadband growth across the country, the U.S. Treasury Department has issued fresh guidelines as to how states should allocate money from the $10 billion Capital Projects Fund created as part of the American Rescue Plan Act of 2021. The instruction set encourages states to prioritize investments in fiber-optic connectivity and developing related infrastructure for the future broadband needs of the communities. It also urges states to pursue projects involving broadband networks either owned or affiliated to the government, non-profit or co-operatives in order to serve larger communities with less pressure on profit-making initiatives.   Meanwhile, China-based Hytera – a supplier of radio equipment to emergency first responders – said in a submission to the FCC that it has been unfairly targeted by the government and argued that its radio equipment do not pose any security risk as they do not use broadband connectivity. It urged the FCC to specify which of its equipment are deemed to be potential threats in order to avoid being hit across its entire business. The developments assume significance as the government is reportedly aiming to ease diplomatic relations with Beijing that have worsened over recent times to improve bilateral trade, as several restrictions and economic sanctions were hurting operations of domestic firms.    Regarding company-specific news, business tweaks, portfolio enhancements, a strategic tie-up, and product launch primarily took the center stage over the past five trading days.Recap of the Week’s Most Important Stories1.    Over the past few months, AT&T Inc. T has taken several strategic decisions to focus more on its customer-centric business model. One of these was the decision to phase out HBO and HBO Max subscriptions through Amazon Prime Video Channels of Amazon.com, Inc., as it aimed to develop direct-to-consumer relationships. As HBO subscriptions officially went off the air from Amazon Prime on Sep 15, AT&T apparently lost about 5 million U.S. subscribers who had signed through Amazon. The company is now aiming to woo back these customers and attract newer ones as well through a discounted price offering as the streaming wars heat up.HBO Max subscription was originally priced at $14.99 per month. AT&T is presently offering this streaming service at $7.49 per month for six months in a limited promotional deal till Sep 26. The disruptive pricing is lower than the Prime video membership of $8.99 per month, plus taxes and is likely to be a lucrative offer for both existing and new customers. The offer, however, is available to only U.S. customers as AT&T expects to register healthy growth in HBO Max subscribers in international markets.      2.     Verizon Communications Inc. VZ recently secured a prime contract from the U.S. Department of Defense for an undisclosed amount to provide 5G mobility service to seven Air Force Reserve Command installations. The deal underscores the trust and reliability enjoyed by the carrier as it continues to support the digital transformation initiatives of the federal government.Verizon Public sector, the unit dedicated to serving various public sector entities, has been entrusted to deliver 5G Ultra Wideband service in California, Florida, Massachusetts, New York, Ohio, Pennsylvania, and Texas Air Force bases. This includes the deployment of c-band radios at outdoor locations at the facilities to improve signal bandwidth at higher speed and lower latency.3.     ADTRAN, Inc. ADTN recently announced that it has secured multiple partnerships with service providers to deploy its highly scalable fiber access network in the rural regions of the U.K. The Huntsville, AL-based company has collaborated with Alncom, Wildanet, and Netomnia.The alliances will bridge the digital divide on the back of a cost-effective fiber-to-the-home network, thereby delivering exceptional broadband experiences to customers, particularly based in the underserved areas of the European country.4.    Viasat, Inc. VSAT has secured two research contracts from the U.S. Department of Defense (“DoD”) to evaluate the potential and feasibility of 5G connectivity in the battlefield. The Carlsbad, CA-based company has been working with DoD to address challenging communications issues across multiple network domains. The research contracts, which will be conducted over a span of three years, were awarded through the Information Warfare Research Project. These contracts are part of the $600 million 5G research program that was announced last year by DoD. The initiative aims to assess how the fifth-generation technology can boost warfighting capabilities.  5.    Viavi Solutions Inc. VIAV recently announced that it has augmented the capabilities of its Xgig 5P16 platform. It now supports multi-user functionality and analyzer bifurcation for multiple users and simultaneous tests on a single platform. The Xgig 5P16 Exerciser platform enables real-time analysis of Peripheral Component Interconnect Express or PCIe 5.0 data traffic at all layers of the stack.VIAVI Xgig 5P16 Analyzer is specifically designed to modernize data traffic analysis while addressing the growing demands of AI and IoT with enhanced capabilities. The device is reckoned to be the first-of-its-kind solution in the market. The latest move highlights Viavi’s commitment to drive the influence of bandwidth-intensive computing services globally on the back of its technology prowess.Price PerformanceThe following table shows the price movement of some of the major telecom stocks over the past week and six months.Image Source: Zacks Investment ResearchIn the past five trading days, T-Mobile was the only stock that gained 0.5%, while Bandwidth declined the most with its stock falling 6.5%.Over the past six months, Motorola has been the best performer with its stock appreciating 24.3%, while Bandwidth declined the most with its stock falling 17.2%.Over the past six months, the Zacks Telecommunications Services industry has gained 7.5% and the S&P 500 has rallied 12.7%.Image Source: Zacks Investment ResearchWhat’s Next in the Telecom Space?In addition to 5G deployments and product launches, all eyes will remain glued to how the administration implements key policy changes to safeguard the interests of the industry and address the bottlenecks to spur growth. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ADTRAN, Inc. (ADTN): Free Stock Analysis Report AT&T Inc. (T): Free Stock Analysis Report Verizon Communications Inc. (VZ): Free Stock Analysis Report Viasat Inc. (VSAT): Free Stock Analysis Report Viavi Solutions Inc. (VIAV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks2 hr. 50 min. ago Related News

So Much For Hawkish Fed

So long – better said (as if it did apply in the first place). If June FOMC showed us anything, it was the power of (cheap) talk. We‘ve gone a long way since inflation‘s (getting out of hand) existence was acknowledged – yesterday, we were treated to very aggressive $10-15bn a month taper plans, cushioned […] So long – better said (as if it did apply in the first place). If June FOMC showed us anything, it was the power of (cheap) talk. We‘ve gone a long way since inflation‘s (getting out of hand) existence was acknowledged – yesterday, we were treated to very aggressive $10-15bn a month taper plans, cushioned with the „may be appropriate“ and Nov time designations. Coupled with the few and far away rate hikes on the dot plot, something fishy appears going on. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more While the real economy recovery progress has been acknowledged (how does that tie in with GDP downgrades and other macroeconomic realities I raised in yesterday‘s extensive analysis?), I think that the bar is being set a bit too high. Almost as if to give a (valid) reason for why not to taper right next. And the theater of taper on-off could go on, otherwise called jawboning, as markets reaction to this fragile phase of the economic recovery (marked by increasing deflationary undercurrents as shown by declining Treasury yields and contagion risks – make no mistake, Evergrande is the tip of the iceberg, real estate has been heating up over the last 1+ year around the world, and in the U.S. we have BlackRock mopping up residential real estate supply, underpinning high real estate prices especially when measured against income). Don‘t forget the weak non-farm payrolls either when it comes to the list of excuses to choose from. At the same time, we have not been entertained by the debt ceiling drama nearly enough yet. Right, the Fed is projecting the aura of independence, which made a Sep decision all the more unlikely. And who says we‘re short of drama these days? So, S&P 500 looks seeing through the Fed fog, but don‘t forget about the historical tendency to fade the first day (FOMC day) move during the next 1-2 days. So, I‘m looking for a certain paring off of yesterday‘s upswing in both paper and real assets. And that includes backing and filling in both commodities, precious metals and cryptos. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook The bulls are on the move, running into headwinds though – more intraday hesitation (inan overall up day with a notable upper knot) is expected. Credit Markets High yield corporate bonds again merely kept opening gains – there is still hesitation, but the bullish spirits are ever so slowly returning. Gold, Silver and Miners Gold was still stunned by the taper plans presented, and miners are bidding their time. We haven‘t turned the corner yet. Crude Oil Oil stocks confirmed the oil upswing, and black gold‘s chart still maintains bullish posture. Copper Copper didn‘t really hesitate – the red metal produced another wild upswing, but the volume and base is lacking, and might take a moment to establish itself. Bitcoin and Ethereum Bitcoin and Ethereum rebounded, but the volume could have been larger – what was amiss there, could be compensated by prices hanging above at least the midpoint of yesterday‘s white candle. Summary The balance of power is shifting to the bulls, who are about to face a retracement attempt of yesterday‘s upswing, however. The degree of its mildness would hint at what to expect next – crucially, the dollar is getting the Fed (not a hawk) message, which would serve to cushion any hiccups taking markets lower over the nearest days. Thank you for having read today‘s free analysis, which is available in full here at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals. Thank you, Monica Kingsley Stock Trading Signals Gold Trading Signals Oil Trading Signals Copper Trading Signals Bitcoin Trading Signals www.monicakingsley.co mk@monicakingsley.co All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice. Updated on Sep 23, 2021, 10:35 am (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk4 hr. 18 min. ago Related News

One map shows just how much families across the US could save on childcare under Biden"s spending plan

The Center for American Progress looked at just how much families in every state and DC would save on childcare costs under the spending plan. Cavan Images/Getty Images Families could see their weekly spending on childcare shrink under Biden's spending plan. A new analysis from the Center for American Progress examines what childcare savings under the plan could be across the US. The following map shows how much families in each state and DC could potentially save a week. See more stories on Insider's business page. Biden's spending plan could mean big savings in childcare costs for families across the nation.That's according to a new analysis from the Center for American Progress, which found families in 14 states and DC could save over $150 a week on childcare costs. The $3.5 trillion spending plan includes investing in childcare, including $450 billion for making childcare more affordable and offering universal pre-k for 3- and 4-year olds.According to a White House fact sheet, the plan includes caps on the share of parents' income needed to pay for childcare. Those making the least - under 75% of the state median income - would not pay childcare costs. For families making more than that, there's a sliding scale of what share of the family income would be used for childcare costs. The following map highlights how much families at 135% of the state median income could save a week on childcare if Biden's spending plan is passed, according to the Center for American Progress analysis. The analysis assumes based on the sliding scale that these families would go from currently spending around 10% to just 5% of their income on childcare. You can hover over each state and DC to see how much families currently spend on childcare a week and how much they could spend under the Build Back Better Act.!function(){"use strict";window.addEventListener("message",(function(e){if(void 0!==e.data["datawrapper-height"]){var t=document.querySelectorAll("iframe");for(var a in e.data["datawrapper-height"])for(var r=0;r.....»»

Category: topSource: businessinsider4 hr. 18 min. ago Related News

Citi"s head of diversity says the company is on track for 40% female leadership by the end of the year

In her mission to diversify the bank, Citi's Erika Irish Brown has met with CEO Jane Fraser over a dozen times in her first three months on the job. Citi's head of DEI Erika Irish Brown was hired in June. Courtesy of Citi In June, Citi hired Erika Irish Brown to lead diversity and inclusion at the firm. Her initial goal is to increase Black and female representation in leadership. Brown is working closely with Citi CEO Jane Fraser, the first woman to lead a major US bank. See more stories on Insider's business page. Erika Irish Brown, Citi's recently hired head of diversity and inclusion, has one key goal for the $142 billion firm over the next three months: to increase Black and female leadership."I've always tried to connect the dots between racial equity, commercial, and human capital initiatives that drive the business case for diversity," she told Insider. Diversity goals, in other words, aren't separate from talent or business objectives. They're intimately connected.Working closely with Citi CEO Jane Fraser, the first woman to head a major US bank, Brown hopes to help the firm increase the representation of women in leadership positions to 40% by the end of 2021, up from 37% in 2018. The firm also hopes to increase the representation of Black people in leadership roles to 8% in the same time frame, up from 6% in 2018. Citi declined to share its current figures, but said it was on track to meet its goals. The financial sector is notoriously homogenous. At the entry level of US financial services firms, the percentage of people of color is in line with their representation in society - around 40%. But as you go up the corporate ladder, research shows, it falls steadily. By the C-suite, it drops by 75%. There's ample evidence to support Brown's business case for diversity.A McKinsey analysis in 2020 found that companies that had more gender diversity on executive teams were 25% more likely to have high profitability than companies with low gender diversity. Separate McKinsey research shows that companies with more racial and ethnic diversity are 35% more likely to have higher financial returns than their respective national industry medians.To change the status quo, leaders need to use every opportunity available to diversify their workforces, Brown said. "We have very specific development and retention programs for mid-level Black employees as well as women," Brown said. These include active efforts to audit and close pay-equity gaps; and employee resources groups, such as Citi Women, a group for women and female-identifying employees. "We're going to continue to develop those."The firm also continues to invest in a program called "Owning My Success," in which senior leaders mentor mid-level Black colleagues. The program began with roughly 50 participants in 2018 and has expanded to nearly 300 members in the 2020 class.Citi is also expanding partnerships it has with historically Black universities and colleges as well as Hispanic-serving institutions. While overseeing these initiatives, Brown has been meeting and listening to her colleagues, from interns to analysts to C-suite leaders, in order to learn more about the employee experience."It's time consuming. My role is about understanding culture," she said. "It's about advancing diverse groups and you need those individual insights." In the three months in her position, she's already met with CEO Jane Fraser at least a dozen times. Having support from Fraser is key, but it's not the end-all-be-all. For Brown, diversity and inclusion isn't a one-department job; it's a company-wide priority. "You need to have full buy-in throughout the firm," she said. "I think the more that you have an open dialogue and get that buy-in and have everybody feeling like, you know, diversity, equity and inclusion is part of my role, it's part of business, that's how we drive accountability."Read the original article on Business Insider.....»»

Category: topSource: businessinsider5 hr. 34 min. ago Related News

Binance says it de-platformed Russian crypto exchange Suex earlier this year even before it was sanctioned by the US Treasury

"Make no mistake - this is a positive development for the industry and the millions of innovators, consumers, and investors," Binance said. Changpeng Zhao, CEO of Binance. REUTERS/Darrin Zammit Lupi Binance said de-platformed Suex earlier this year, even before it was blacklisted by the US Treasury Department. The agency sanctioned the Russian crypto exchange for its role in laundering financial transactions for ransomware actors. "Make no mistake - this is a positive development for the industry and the millions of innovators, consumers, and investors," Binance said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Binance Holdings, the world's largest cryptocurrency exchange, said it de-platformed recently sanctioned Russian-owned cryptocurrency exchange Suex earlier this year, even before it was blacklisted by the US Treasury Department, according to a blog post published Wednesday.Suex on Tuesday was sanctioned by the Biden Administration for its role in laundering financial transactions for ransomware actors. This marked the first time the Treasury has ever blacklisted a cryptocurrency exchange.The agency added Suex to its Specially Designated Nationals list, blacklisting 25 blockchain addresses the Czech Republic-based company used. The designation would generally ban all US citizens from engaging in transactions with them. "We de-platformed these accounts based on internal safeguards," Binance said. "Information regarding the addresses in the announcement, as well as other information from our internal investigation, was shared with the appropriate authorities."Binance added that several accounts related to the addresses that the Treasury flagged were identified by its investigative team earlier this year."Make no mistake - this is a positive development for the industry and the millions of innovators, consumers, and investors across the globe that contribute to blockchain's growth each day," Binance said.An analysis of transactions of Suex showed that over 40% were associated with illicit actors, according to the Treasury's announcement, adding that the crypto exchange also facilitated illicit funds from at least eight ransomware variants.Suex, according to Binance, is just the latest illicit entity it took action against. Most recently, its efforts included the Fancycat operation and Bulletproof Exchanger Project."At Binance, we recognize what it means to be the industry leader versus simply being the largest player in the industry," the company said. "As an industry, we must tackle this challenge head-on in partnership with law enforcement across the globe."Binance itself has not been without controversy. It is being probed over possible insider trading and market manipulation by US regulators. It also recently announced shutting down cryptocurrency derivative products for existing customers in Australia by the end of the year to appease regulators.But in September, Binance, which was founded in 2017 and does not have a formal headquarters, said it needs centralized headquarters to work well with regulators all over the world. The admission comes after months of being slapped with multiple warnings, and in some jurisdictions, banned from operating due to its failure to register with local regulators.Read the original article on Business Insider.....»»

Category: topSource: businessinsider5 hr. 34 min. ago Related News

Time To Say Goodbye To The Everything Bubble

Time To Say Goodbye To The Everything Bubble Authored by Egon von Greyerz via GoldSwitzerland.com, Will the autumn of 2021 be the end of the everything bubble? Are investment markets very soon coming to the end of market insanity? Since there is very little sanity left in markets or the in the world economy, we have now reached a point where we must accept madness as sanity, as George Bernard Shaw said: “When the world goes mad, one must accept madness as sanity; since sanity is, in the last analysis, nothing but the madness on which the whole world happens to agree.” George Bernard Shaw Investment markets today are all about instant gratification and getting rich quick. “Stocks always go up” and so does property in the everything bubble. Even the normally boring bond market has had a 40 year rise. And then we have the supercharged tech stocks, many of which have gained 1000s of percent in this century And we mustn’t forget the SPAC stocks (Special Purpose Acquisition Companies) or Blank Cheque Companies where shell companies are used to acquire existing companies to inflate their share price. None of these things are new of course. During the South Sea Bubble in the 1720s for example, companies were formed and capital raised with just the purpose of “Making Money”. We mustn’t forget the cryptocurrencies which are now worth valued at $2 trillion. They were just over $1 billion 8 years ago. Is that the bubble of the century like tulip bulbs in the 1600s or is it the money of the future. Well, most readers know or can guess my opinion on this! VALUE INVESTING & WEALTH PRESERVATION IS FOR “WIMPS” In a world where everything is based on “get rich quick” neither value investing nor wealth preservation enters the equation. Why worry about preserving your wealth when you could have made 14x your money on the Nasdaq since 2009 or 5,000x your investment on Bitcoin since 2011. Calling tops is a mug’s game. Some of us who look at risk have been worried about the everything bubble economy for quite a while. To us, since the end of the Great Financial Crisis in 2009, the world economy and asset markets have been an illusion. It is as if we are watching a virtual reality game in which some people automatically increase their wealth by millions or even billions of dollars every time they pass GO. But as the rich are getting richer, the masses are just getting poorer and more indebted. Although we see the wealth that has been acquired by many as an illusion that will soon evaporate, for the ones who have benefited, this is all very real. Anyone who believes that these gains are real and sustainable will have the shock of a lifetime in coming years. As I showed in a recent article about the End of the US Empire, the wealth of the 400 richest Americans has gone from 2% of GDP to 18% in the last 40 years. This concentration of wealth is of course spectacular but also very dangerous for the world. Trees can always grow taller but they never grow to heaven! AT THE END OF AN ERA – FALLS OF 90% So as Shaw said, we are now in “the madness on which the whole world agrees”. As I have often stated, I believe that we are at the end of a very major economic cycle. Not only are markets insane, but so are deficits, debts and currency debasements. But also moral and ethical values have now vanished into thin air and been replaced by lies, deceit and the golden calf. We are now in a very critical period for the world since excesses of the magnitude we are now seeing must be corrected. Exponential moves in one direction are always corrected. And the corrections will be of a similar magnitude to the rise but happen much quicker. We are talking about falls of 90% or more in all major asset and debt markets. Nobody believes such moves are possible with central banks and governments standing by with unlimited money printing combined with new Central Bank Digital Currencies that will save the world. ILLUSIONS ARE JUST ILLUSIONS We must understand that illusions cannot rescue the world economy.  This despite whatever concoctions central banks or Schwab (World Economic Forum) and his billionaire cronies come up with. Virtual illusions in the form of fake money or empty promises can never repay debt, nor can they change the laws of nature. Clearly all these “evil forces” will use their power to orchestrate fake resets to “save the world” in an attempt to tighten their grip on the world economy and the financial system. But a heavily indebted and fake system can never be reset in an orderly manner. In my view, any artificial or fake reset will only have a very limited effect. It is just not possible to solve a debt problem with more debt whatever way the PTB (Powers That Be) try to dress it in sheep’s clothing. So an orderly reset is bound to fail very quickly. A new digital Fiat and thus fake currency will not solve the world’s debt problem. Writing off the debt is just another illusory act. If you write off the debt, the assets on the opposite side of the balance sheet will also implode in value. And since the debt is leveraging the assets, they will have a very long way to fall. This is why asset implosions of 90-100% are very likely. Few people believe this to be possible but with debt collapsing so will the bubble assets which are all inflated by worthless debt. We must remember that the big stock market crash in 1929-32 saw the Dow lose 90% of its value. It then took 25 years for the Dow to get above the 1929 high. And today 92 years after that peak, debts, deficits, and asset bubbles are far greater than at the end of the 1920s. Below are a number of graphs that all point to the everything bubble. THE BUFFETT INDICATOR So there we have it, incontrovertible proof that this is the mother of all bubbles. But as we have learnt in this century, bubbles can always grow bigger and especially if we are looking at the end of a major super cycle which could be as big (or long) as 2,000 years. Nevertheless, the evidence keeps mounting of an epic asset bubble. In addition to the charts above that point to illusions never seen before in markets, we have a number of technical indicators that all point to the end of the everything bubble. In the chart below, the RSI (Relative Strength Index) momentum indicator for example topped in 2017 and the major rise in the Dow since then has not been confirmed by the indicator. This is a very bearish sign albeit not a short term indicator. Many other technical indicators including Elliott wave or Dow Theory all point to that a top to the everything bubble is imminent. Whether that means a top next week (which is possible), or in the next few months, time will tell. Some important cycle indicators point to potential turns between now and Sep 24. SURVIVING THE EVERYTHING BUBBLE IS ALL ABOUT PROTECTING FROM RISK But what is much more important than pinpointing the exact timing of the top is to understand the risk involved. If, as we believe, we are now at the end of the everything bubble, nobody needs to time it. Investors should understand the upside might be 10% and the downside 90%+. Who is foolish enough to accept such a risk? Maybe a 10% move up but a more certain 90% fall. We are talking about a fall in real terms. If we get hyperinflation stocks and other assets can rise in nominal terms but fall in real terms when measured in stable purchasing power, like gold. Well, that question is easy to answer. The whole investment world which has been spoilt by tens of trillions of dollars of fake money to fuel the Epic Everything Bubble will expect much more of the same in coming months or years. Yes, much more money will be created but this time it will have very little effect. Instead the dollar, euro, yen etc will accelerate the falls that we have seen since 1913. They have all fallen 98-99% since then and by similar percentages since 1971 when Nixon closed the gold window. The final 1-2% fall will soon start and take most currencies to their intrinsic value of ZERO. But don’t forget that this final fall is 100% from here. Remember that measuring your assets in for example dollars is a futile exercise in self indulgence. You are just flattering your investment skills when you measure your performance in a currency that has lost 98% since 1971 and 84% since 2000. If you use the same method in coming years, your paper wealth might look ok but be worthless in real terms. Just ask anyone who has lived in a hyperinflationary economy like Yugoslavia, Argentina or Venezuela.  So what is a Sleeping Beauty investment. Not difficult to guess. It is an investment that you can forget about for 100 years and when you wake up, it will have maintained its purchasing power. GOLD If we get the expected stock market crash, it is possible that gold and the precious metals continue to correct a bit further like in 2008. As opposed to today, gold had then had a major bull run from $250 in 1999 to $1,000 in 2008. Weak gold hands then needed to get liquidity against a crashing stock market and the everything bubble. Gold has now been in consolidation for years and there are a lot fewer speculative  investors compared to 2008. Therefore I expect a much smaller and shorter correction, if any. Coming back to the Sleeping Beauty, there is one investment which you could safely put away and forget about for 100 years. It is of course physical gold, safely stored. As long as you store gold in a safe place and safe country, you know that it will maintain  its REAL value as it has for 5,000 years.  Yes, there are fluctuations, but gold’s history tells us that it is not just the only money which has survived but also the only money which has maintained real purchasing power.  Gold today at $1,750 is as UNLOVED AND UNDERVALUED as in 1971 at $35 and in 2000 at $288.  I will continue to show the chart below until that situation is rectified. This reminds me of the Roman Senator Cato during the Punic Wars (around 150 BC) who finished every speech in the senate with “Furthermore I consider that Carthage must be destroyed”. In the end Cato got his way as Carthage was destroyed. I have no doubt that gold will soon rectify the current undervaluation and reach levels that few can imagine. This is what both technicals and fundamentals are clearly indicating. Tyler Durden Thu, 09/23/2021 - 06:30.....»»

Category: blogSource: zerohedge8 hr. 18 min. ago Related News

Dow and S&P End Four-Day Skid after Fed Statement

Dow and S&P End Four-Day Skid after Fed Statement It took a Fed statement on Wednesday to snap the market out of its sour September mood and finally end a four-day losing streak. The major indices were each up approximately 1%. Basically, the economy is improving enough that scaling back the asset purchases “may soon be warranted”, perhaps as soon as the next meeting since the inflation and employment mandates are close to being met. For now, the Committee was unanimous in keeping rates near zero. “To summarize FOMC: Tapering is coming, but one month later than the market expected,” said Jeremy Mullin in Counterstrike. “The language hinted at a $20B taper in December, instead of November, which was enough for the market to rally after the statement came out. In reality, a month difference should not move markets, but the buy signal was triggered with the “no taper” language.” The S&P jumped 0.95% on Wednesday to 4395.64, while the Dow increased 1% (or about 338 points) to 34.258.32. These gains ended four consecutive days of losses for the indices. The NASDAQ rose 1.02% (or around 150 points) to 14,896.85. Stocks are still lower for the week with two sessions to go. But the Fed was only one concern this week. Now that the statement is behind us, investors are still nervous about China’s largest property developer Evergrande, which is in danger of defaulting. The company said it resolved a $36 million interest payment due tomorrow, which made enough room for the market to rise on Wednesday. However, an even bigger payment is due at the same time. Investors are concerned that such a problem in the world’s second-biggest economy could have an impact on the U.S., especially at a challenging time when the delta variant is limiting the economic recovery. Tomorrow will be interesting. Stocks often have big moves on the day after the FOMC meeting, and the Evergrande situation could exacerbate the volatility. We’ll also be getting the jobless claims number on Thursday. Today's Portfolio Highlights: Home Run Investor: It looks like Exp World Holdings (EXPI) could have a nice post-earnings drift higher, so Brian bought the stock on Wednesday to take part in the advance. This Zacks Rank #2 (Buy) provides cloud-based estate brokerage services. More specifically, it uses blockchain to record home sales and provide services to brokers. The editor was very impressed with EXPI’s topline growth of 182% in its most recent quarter, while earnings beat the Zacks Consensus Estimate by 380%. The valuation is rather high given its sales growth, but margins are slowly improving with plenty of room to continue rising. Make sure to read the complete commentary for a lot more on this new addition. By the way, Brian also sold Rada Electronics (RADA) today to make room for the new entrant. TAZR Trader: Even if the Fed sounds “lovey-dovey”, Kevin said yesterday that he would add more to the portfolio’s recent position in ProShares UltraPro Short QQQ ETF (SQQQ). Regardless of whatever kind of kneejerk reaction comes after the statement, the editor thinks the market is headed lower in the near term. Well, the Fed statement did send stocks higher by 1% on Wednesday, so Kevin stuck to his word and added more SQQQ today. Read the full write-up for more on his analysis moving forward. Technology Innovators: This portfolio easily had the top performer among all ZU services on Wednesday as Celestica (CLS) soared 17.5%. Brian added this electronics manufacturing services company back in late July after posting its eighth straight positive surprise. Today we found out that CLS raised its 2022 outlook and also entered into an agreement to acquire PCI Ltd. for $306 million in cash. CLS is currently up nearly 7% in the portfolio since being added less than two months ago. Options Trader: "(Stocks) were already up from the opening bell, but added to their gains after the Fed said they would likely begin tapering their bond-buying “soon,” which many have interpreted as their next meeting in November. "The market cheered the last time the Fed hinted that the tapering was likely to come sooner rather than later. And the market’s reaction was no different this time. "Why so happy about tightening monetary policy (albeit just a little)? "Because 1) it shows the Fed’s confidence in the recovery, and 2) it shows they won’t let inflation get too hot before acting. And that’s reassuring to the market. "As for rates, those expect to remain near zero for the foreseeable future." -- Kevin Matras Have a Good Evening, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacks13 hr. 18 min. ago Related News

Time To Buy The Dip?

S&P 500 dived, yet the slide was bought before the closing bell. Does the long lower knot mean the selling is over? It‘s too early to say as following similar momentuous days, it takes 1-3 days for the dust to clear usually. The selling pressure might not be over, and the question is how far […] S&P 500 dived, yet the slide was bought before the closing bell. Does the long lower knot mean the selling is over? It‘s too early to say as following similar momentuous days, it takes 1-3 days for the dust to clear usually. The selling pressure might not be over, and the question is how far will it reach on a fresh attempt – 4,350s look attainable. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more There, the fate of this correction would be decided, but we‘re on the verge of the historically more volatile part of Sep, and tomorrow‘s FOMC would up the ante. The dollar though was unable to rally, to keep intraday gains – on one hand a certain show of strength given the retreat in Treasury yields, on the other hand, proof of stiff headwinds as the world reserve currency isn‘t in a bull market. I‘m leaning towards the latter explanation. As stocks rebound in what may still turn out to be a dead cat bounce, commodities got clobbered too – just as cryptos did. Gold attracted safe haven demand as money flew to Treasuries as well. Miners with silver holding ground, are a good sign for the sector – the overwhelmingly negative sentiment looks getting long in the tooth. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook Half full body, half lower knot – such are the trickiest of candles. The fate of the downswing is being decided, and the bears need to break below 4,350s to regain initiative. I wouldn‘t be surprised to see stocks diverge from credit markets as buy the dip mentality hasn‘t spoken its last word. Credit Markets High yield corporate bonds haven‘t made a strong enough comeback – their behavior through Wednesday, is of key importance now. Gold, Silver and Miners Gold has a chance to prove its local bottom is in, even if miners aren‘t yet confirming. Should the rebound in stocks hold, silver alongside commodities stands to benefit the most. Crude Oil Oil stocks and oil dived in sympathy, but black gold looks quite resilient to wild price swings. The bounce appears to have paused for the day. Copper Copper doesn‘t look as stabilized as oil does at the moment – prices haven‘t yet meaningfully decelerated, and the buying power isn‘t convincing. Bitcoin and Ethereum Bitcoin and Ethereum are joining the selloff, and the golden cross is in danger of being invalidated fast. Breaking below the early Aug lows would mean a fresh downleg is here. Let‘s see first the degree of liquidity returning to cryptos. Summary Is the selling over, is it not? Still inconclusive, but time for the bears is running short. The selling doesn‘t appear to be over, but I‘m not calling for a break of yesterday‘s lows before tomorrow is over. The degree of commodities outperformance today will be insightful as to the overall rebound strength. Thank you for having read today‘s free analysis, which is available in full here at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals. Thank you, Monica Kingsley Stock Trading Signals Gold Trading Signals Oil Trading Signals Copper Trading Signals Bitcoin Trading Signals www.monicakingsley.co mk@monicakingsley.co All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice. Updated on Sep 22, 2021, 10:09 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk14 hr. 34 min. ago Related News

Three Themes Coalescing – Crescat Capital

Crescat Capital’s commentary for the month of September 2021, discussing the three themes coalescing. Q2 2021 hedge fund letters, conferences and more Dear Investors: Three Themes Coalescing With unsustainable imbalances in the global economy and financial markets today, we see unprecedented opportunities to grow and protect capital in both the near and long term. Crescat […] Crescat Capital’s commentary for the month of September 2021, discussing the three themes coalescing. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more Dear Investors: Three Themes Coalescing With unsustainable imbalances in the global economy and financial markets today, we see unprecedented opportunities to grow and protect capital in both the near and long term. Crescat is focused on investment strategies that offer uncommon value and appreciation potential. We believe that all of Crescat’s strategies offer an incredible entry point today based on the firm’s three core macro themes: China credit collapse Record overvalued US equity market top Flight to safety into deeply undervalued gold, silver, and precious metals miners We have researched and written extensively about these themes over the last several years in our investor letters. In our strong view, these are the three biggest macro imbalances and investing opportunities in the world today. The three themes are coalescing at this very moment before the world’s eyes in a likely financial market collision and Great Rotation. We believe our portfolios will be the beneficiary. Our positioning is contrary to many common investment portfolios in the world today. We think too many are over-weighted in extremely overvalued US growth stocks and FAAMG. Most are unprepared for a China monetary collapse or a US stock market downturn. We think too few are positioned for the inevitable stagflation that our models suggest is ahead. As value investors, we are comfortable accepting a reasonable amount of risk to realize the strong returns that are possible from our macro themes and valuation models. Our investment principles and models give us the confidence that the intrinsic value of our portfolios is significantly greater than the current market price at any given time. The combination of already substantial rising inflation in the US along with a China credit collapse, just as the Fed is attempting to taper, is the catalyst for all three of our themes to begin unfolding now. We are headed for a major shake-up in the world’s financial markets at a time of both historic global debt-to-GDP imbalances and record central bank money printing. A Value Approach Our stance is bold. It is highly analytical, valuation-based, and macro driven. As such we are willing to withstand a moderate amount of volatility as markets undergo a re-pricing to realize the ultimate capital appreciation that is attainable from our views. The confidence in our value-based investment process is what gives us the conviction to withstand higher volatility than the average fund manager. Our investment process uses equity and macro models to ensure that the intrinsic value of our portfolios, through discounted cash flow and relative-value methodologies, is always substantially greater than where the market is pricing them today. It is important that Crescat clients embrace a similar value-oriented and long-term mindset to have the confidence that short-term setbacks in Crescat’s strategies are not a permanent loss of capital. The market price of Crescat’s activist long precious metals holdings has fallen in August and September month to date, affecting the long side of all the firm’s strategies. We think this is a mere short-term pullback that presents an incredible buying opportunity. We have the utmost confidence that these positions can deliver extraordinary long-term gains over the next three to five years based on our valuation approach. We have an extensive model to value these holdings based on conservative assumptions. We believe our portfolio of 90+ activist precious metals companies is worth 11 times where the market is valuing them today. That is at the current gold price. They are worth even more than that in a significantly rising new gold and silver bull market that our macro models are forecasting. Pullbacks are a necessary part of the path to delivering substantial long-term returns that more than compensate for the risk. It is the macro imbalances that allow us to enter long positions cheaply and short positions dearly to ultimately deliver outsized appreciation. As value investors, we believe short-term setbacks in Crescat’s strategies offer great opportunities for both new and existing investors to deploy capital. We are firmly positioned in a diversified deep-value portfolio of the most viable new gold and silver deposits on the planet. We own these companies early in what is likely to be a long-term industry cycle for precious metals mining after a decade long bear market. Our companies hold over 300 million target gold equivalent ounces. While the world has largely shunned gold mining stocks since their last major bull market that ended in 2011, in the past year and a half, we have been busy doing private placements to fund the world’s most viable new exploration projects, thereby acquiring gold and silver for literally pennies on the dollar ahead of what we believe will be a new M&A cycle for the mining industry. We very strongly believe that the recent selloff in precious metals, due to Fed taper concerns, is way overdone and that our strategies are poised for a major turn back up in the near term. Our gold and silver holdings have improved over the last two days, and hopefully, it is the turn already. Buy the Dip in Precious Metals The pullback in Crescat’s performance over the past two months, including September month to date, has been almost entirely attributable to our long precious metals positions across all strategies. It is important to understand that these positions were also big winners for us in the prior year through July 2021. The Crescat Precious Metals Fund, our newest fund that is solely focused on this theme, delivered a 235% net return through July in a moderately down gold and silver market. That was the first 12-month period of this fund. Imagine what we should be able to do in a bull market for precious metals. Our precious metals stocks are ultra-deep value positions with incredible appreciation potential still ahead thanks to the expertise of Quinton Hennigh, PhD, Crescat’s Geologic and Technical Director, and his 30+ years of experience in the gold mining exploration industry. The last two months’ sell-off in gold and silver should mark the recent bottom or very close to it. March 2020 was what we believe was the primary bottom of what was a 10-year bear market for junior gold mining stocks. The majors have left exploration to the juniors, so these are the companies that control the world’s next big high-grade gold deposits after a decade of underinvestment in exploration and development. The fact that gold along with our mining portfolios have been catching a safe-haven bid in the market in the last two days as the China Evergrande collapse has caught the world’s attention is phenomenal! This is exactly how a safe-haven currency and the best new gold and silver deposits on the planet should act as a renewed, sober financial order of the world that should emerge as China and the US stock market go into a structural downturn if not outright meltdown. China’s "Mises Moment" The massive US$300 billion China Evergrande collapse feeds into the much bigger $52 trillion Chinese banking system. The latter in our analysis is a phony financial accounting that we can only liken to the largest Ponzi scheme in financial world history. Wall Street came out in force today trying to calm its clients by saying that Evergrande is not China’s Lehman moment. We agree, it is not. It is much bigger than that. The scale of China’s credit bubble is unimaginable. It is 4.5 times the banking bubble in the US ahead of the Global Financial Crisis in absolute as well as relative to GDP terms! US banks were only a US$11 trillion asset bubble at the time when the US GDP was at about the same level as China today. It is not even a Minsky moment. We think China is about to face what we would call a “Mises moment”. China’s unsustainable world-record credit expansion has simply gone on far too long already to where they have only one alternative to reconcile it. All paths lead to a massive currency devaluation. Ludwig von Mises, one of the venerated founders of the Austrian economics school, describes it like this: “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” We think most of the financial world is not prepared at all for a China currency collapse. In our global macro fund, we are positioned for a substantial China yuan devaluation and possible de-pegging of the Hong Kong dollar. The latter is an extremely cheap put option. The yuan collapse is inevitable in our view. We have been writing about it for years and believe it is highly prudent to be positioned now. We hold an asymmetric trade with capped downside and large uncapped upside where we are long the dollar and short China’s two primary currencies, the yuan and Hong Kong dollar, through USDCNH and USDHKD call options with tier-1 US bank counterparties. US Stock Market Top In our analysis, China’s financial woes will absolutely be contagious with the US and the world. It is already happening. There is a strong chance that the US equity market has already topped out as of Sep 2 on both the S&P 500 large cap index and the Wilshire 5000 total market index. This has been arguably the most speculative US stock market in history with the highest valuation multiples to underlying fundamentals. In our strong view, there is much downside ahead for broad US stocks. We are determined to capitalize on the equity downturn with overvalued US short positions based on our equity models in our global macro and long/short funds. US stock and credit market’s historic valuations are compliments of rampant speculation underwritten by the Federal Reserve. These asset bubbles are ripe for bursting. The catalyst is the dual combination of rising inflation in the US and a credit crisis in China. We think most investment managers, including hedge funds, are afraid to short stocks and will be caught wrongfooted. Our macro and equity models give us the conviction to be short today. Our firm has an excellent track record of protecting capital during market downturns via our short positions. See our performance reports which show Crescat’s negative and low “downside capture ratio” versus the market in our global macro and long/short hedge funds respectively compared to the S&P 500 and other hedge funds over the long history of these two strategies. Crescat Global Macro’s negative downside capture ratio since inception means that on average it has made money historically when both the market and the hedge fund benchmark has been down. In fact, both funds were up substantially in March 2020, the month of the Covid crash. Gold Wins Whether Safe-Haven Flight or Inflation Hedge On China’s woes, gold should be getting the monetary metal safe-haven bid even though ultimately it is the inflation protection buying on the back of a fiat currency war that makes gold the most attractive to us. When the Fed acts with new measures to counter the strong dollar vs. yuan that would otherwise crimp the US economy, that is when precious metals should go ballistic. We need to be positioned for all of that now, and we are. The Fed is expected to announce the taper tomorrow. A fully committed taper announcement would likely only further catalyze China’s credit collapse and the US equity downturn in our opinion. That is a possibility, but we think a soft taper announcement with a lot of hedging language given China and the potential contagion effects is a more likely event. It still should not stop the US equity market downturn, and it will do nothing to help China. If it is a hard taper, it is just game-on even more so for our equity short positions and China yuan puts. Regarding precious metals, the odds are that gold has already fully priced in the taper based on its pullback over the last two months. If the Fed gives us the “soft taper”, it should allow gold to catch a huge bid and be off to the races. Current Inflation Spike Already Rivals Stagflationary 1973 and 1980 The US Consumer Price Index has risen from 0.3% annualized to 5.3% over just the last 15 months. The last two times we saw this big of a rise over this short of a time were in 1973 and 1980, the two most notorious episodes of stagflation and rising gold prices in US history. Just like in the 1970s, policy makers are trying to tell us not to worry because inflation is “transitory”. But just as then, there is a host of “non-transitory” drivers that include an incipient wage-price spiral, the lag-effect of rents to already substantially higher housing prices, global supply chain shocks from Western trade disintegration with China, and highly probable ongoing deficit spending and debt monetization in the US as far as the eye can see. The big difference between today and the 1970s stagflation is that the Fed has not done anything to fight rising inflationary pressures but instead has done everything to aid and abet them. For instance, from 1972 to 1973, the Fed had already raised its funds rate from 3.5% to 10.8%. And, from 1976 to 1980, it raised the rate from 4.7% to 17.6%. In contrast today, the Fed has kept the funds rate at 0% for the last 16 months and engaged in $4.3 trillion of quantitative easing over the last 18 months monetizing 88% of $4.9 trillion in new debt taken on by the US Treasury over the same time. Fed officials must be looking at this data and internally freaking out. That is why they are probably seriously considering tapering. Stagflation When monetary policy becomes truly extreme, like it was when the US abandoned the gold standard, for instance, we can get both inflation and a stock market crash at the same time. 1973-74 was the prime example. Gold stocks went up 5x in just two years while the S&P 500 was down 50%. At the same time, the popular but overvalued Nifty Fifty large cap growth stocks went down substantially more. Only those alive during the 1970s with money invested in the stock market truly know how shocking and substantial such a crisis can be. It could have been devasting or glorious depending on how one was invested. Gold Launches as Tech Busts Even in less extreme monetary policy situations, gold stocks can go up while widely-held overvalued equities collapse. Late 2000 through 2002 was a perfect example. Then large cap growth and tech stocks were being decimated at the same time as gold stocks began what would ultimately become a ten-year bull market albeit with a significant selloff in late 2008. These two examples are the types of markets for both gold and broad US stocks that we envision over the next two years. Gold Stocks In The Great Depression The Great Depression is yet another example of how gold and gold stocks can perform versus stocks at large in the most serious of financial times. Homestake Mining was the largest precious metals miner of the time. Fed Policy Error Fed watchers are rightly concerned about a forthcoming policy error, but the truth is that the accumulation of global economic and market imbalances and inflationary pressures after many years of taking the path of least resistance with quantitative easing and low interest rate policy has already been the gigantic policy mistake. These misjudgments are not isolated to domestic affairs but have aided and abetted massive credit bubbles in other countries too, particularly China. We believe it is only a matter of time before investors begin stampeding out of S&P 500 index funds and FAAMG stocks and into tangible assets. We think this is the time to get ahead of the curve. As Warren Buffett’s mentor, the legendary Ben Graham, said: “In the short run, the market is a voting machine that requires only money, not intelligence or emotional stability, but in the long run it’s a weighing machine.” We think a little bit of intelligence and a lot of emotional stability could go a long way right now in selling hyper-overvalued stocks at large and buying deeply undervalued gold stocks. We strongly believe the opportunity to put money to work on the recent pullback in Crescat’s strategies is phenomenal today. Performance Download PDF Version Sincerely, Kevin C. Smith, CFA Member & Chief Investment Officer Tavi Costa Member & Portfolio Manager For more information including how to invest, please contact: Marek Iwahashi Client Service Associate miwahashi@crescat.net 303-271-9997 Cassie Fischer Client Service Associate cfischer@crescat.net (303) 350-4000 Linda Carleu Smith, CPA Member & COO lsmith@crescat.net (303) 228-7371 © 2021 Crescat Capital LLC Updated on Sep 22, 2021, 11:28 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk14 hr. 34 min. ago Related News

Rescued by the Fed Again?

S&P 500 recovered only to dive again – carving out a base? The bulls are attempting to, but neither value, nor tech, nor the credit markets are convincing. The dust is settling though, and the bears are equally in need of a fresh reason to sell – the intraday tug of war is entirely reasonable […] S&P 500 recovered only to dive again – carving out a base? The bulls are attempting to, but neither value, nor tech, nor the credit markets are convincing. The dust is settling though, and the bears are equally in need of a fresh reason to sell – the intraday tug of war is entirely reasonable as Evergrande failed to spook the markets more. Just wait for what happens when the markets come face to face with another unacknowledged event of this magnitude. In our era, it‘s about the contagion effect, manic-depressive market psychology, and uncertainty of the impact. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get Our Activist Investing Case Study! Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below! (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more It‘s not only about China real estate cooling down, spilling over to Hong Kong. Wtll the House approval on the bill to suspend fresh borrowing obstacles and avoid a partial shutdown do? What would the Senate say – and then everyone as the tax tsunami keeps approaching? Global liquidity isn‘t rising after all either. Fed taper is a side show, but still one that too many are glued to. The dollar would suffer if it doesn‘t materialize later today – and it won‘t be announced, which would make precious metals rejoice. Back to stocks, these are also likely to welcome no taper. The Fed has been already tightening (which means these days it was decreasing the pace of expansion) through the back door, bringing down inflation expectations in spite of the real world input costs, shipping rates and frail supply chains challenges on top of the job market issues. Transitory inflation is still the mainstream thesis – the shift to real assets will become more accentuated once the realization of a higher and entrenched inflation arrives. And it‘s not about real estate and owners‘ equivalent rent either. Commodities did welcome yesterday‘s reprieve, and Treasury yields are unlikely to clobber them the way perceived systemic risks could (did). In a decelerating real economy faced with numerous deflationary pressures, the slow and steady rising yields phase, is deferred for now. And when these do rise again, it may or may not be about returning economic growth, but forced by the systemic realities. Remember that rates are very low by historic comparisons, and the resilence to absorb a modest rise (think 10-year more than a bit above 2%) won‘t be there without consequences. Cashing in on the S&P 500 short profits yesterday, was reasonable from the total portfolio risk point of view (did I say a fresh high was reached?). Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook Daily hesitation followed by more downside, but volume is decreasing – stocks look readying an upswing attempt. Credit Markets High yield corporate bonds merely kept opening gains – there is still hesitation, and the window of opportunity for the bulls is narrow. Gold, Silver and Miners Positive price action of gold, joined by silver – the waiting miners reveal that a little consolidation is likely before the Fed speaks. Crude Oil Oil stocks show that the appetite for oil might be returning, and that‘s confirmed by the volume examination. Commodities such as oil and copper stand to benefit from calming the Evergrande and central bank jitters. Copper Copper gave up opening losses only to rebound before the closing bell. Volume could have been larger, but the beaten down red metal can keep rebounding at its own pace – the smaller volume is an indication it won‘t be a one-way path. Bitcoin and Ethereum Bitcoin and Ethereum haven‘t really recovered from the selloff, and the bears are holding the upper hand now. Summary My yesterday‘s question „Is the selling over, is it not?“ has the same answer „Still inconclusive, but time for the bears is running short.“ It looks like the markets are positioning for a return to risk-on based on today‘s FOMC, which is what quite a few would like to take as an opportunity to sell into strength. The point is the Fed won‘t surprise today, and the price gyrations are likely to continue, albeit at a lesser magnitude. Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals. Thank you, Monica Kingsley Stock Trading Signals Gold Trading Signals Oil Trading Signals Copper Trading Signals Bitcoin Trading Signals www.monicakingsley.co mk@monicakingsley.co All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice. Updated on Sep 22, 2021, 9:27 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk17 hr. 6 min. ago Related News

BlackBerry Reports Second Quarter Fiscal Year 2022 Results

Revenue exceeds expectations and Company adds deep cybersecurity industry experience to drive growth - Total company revenue of $175 million. - IoT revenue of $40 million. - Cyber Security revenue of $120 million. - Licensing & Other revenue of $15 million. - Positive operating cash flow of $12 million. - Non-GAAP loss per basic and diluted share of $0.06; GAAP loss per basic and diluted share of $0.25. A non-cash accounting adjustment to the fair value of the convertible debentures, as a result of market and trading conditions, accounts for approximately $0.12 of GAAP loss per share. WATERLOO, ON, Sept. 22, 2021 /PRNewswire/ -- BlackBerry Limited (NYSE:BB, TSX:BB) today reported financial results for the three months ended August 31, 2021 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated). "Revenue for all businesses beat expectations this quarter.  The Cyber Security business unit delivered robust sequential billings and revenue growth and the IoT business unit performed well in the face of global chip shortage pressures," said John Chen, Executive Chairman & CEO, BlackBerry. "We are already seeing benefits from establishing the two key business units and are delighted to appoint John Giamatteo as President of Cyber Security.  Giamatteo, who was previously President and Chief Revenue Officer at McAfee, adds leading industry expertise. In IoT, design activity for our QNX products remains very strong, demonstrating both our industry leadership position and secular trends, such as ECU consolidation. In Cyber Security we received strong third-party validation of the effectiveness of our AI-driven, prevention-first suite of products, illustrating progress made with recent product launches." Second Quarter Fiscal 2022 Financial Highlights Total company revenue for the second quarter of fiscal 2022 was $175 million. Total company non-GAAP gross margin was 65% and GAAP gross margin was 64%. IoT revenue for the second quarter of fiscal 2022 was $40 million, with gross margin of 83% and ARR of $89 million. Cyber Security revenue for the second quarter of fiscal 2022 was $120 million, with gross margin of 59% and ARR of $364 million. Licensing and Other revenue for the second quarter of fiscal 2022 was $15 million as negotiations for the sale of a portion of the patent portfolio continue. Gross margin was 60%. Non-GAAP operating loss was $30 million. GAAP operating loss was $141 million, primarily due to a non-cash accounting adjustment to the fair value of the convertible debentures, resulting from market and trading conditions, of $67 million. Non-GAAP loss per share was $0.06 (basic and diluted). GAAP loss per share was $0.25 (basic and diluted). Total cash, cash equivalents, short-term and long-term investments were $772 million. Net cash generated from operating activities was $12 million. Business Highlights & Strategic Announcements BlackBerry has design wins with 24 of the world's leading 25 Electric Vehicle (EV) automakers. This has increased from 23 of the top 25 last quarter following an EV win with Daimler. BlackBerry IVY™ to deliver highly secure vehicle-based payments, leveraging direct access to vehicle sensor data and edge processing to create a "digital fingerprint". Delivered through a partnership with Car IQ. Nobo Technologies selects BlackBerry QNX® Neutrino® as foundation for new Digital Cockpit Controller for Great Wall Motors' Haval G6S SUV. Great Wall Motors is China's largest producer of SUV vehicles. sTraffic, Korea's leading solution developer for transportation infrastructure systems, selects QNX® OS for Safety as the foundation for their train traffic management system that includes unmanned train operations. BlackBerry launches BlackBerry® Jarvis 2.0® composition analysis tool. Delivered as a more user-friendly SaaS offering, Jarvis 2.0 empowers OEMs to validate and ensure the quality of their multi-tiered software bill of materials. BlackBerry awarded highest AAA rating by SE Labs in breach test of BlackBerry® Protect (EPP) and BlackBerry® Optics (EDR). The breach test adopted a range of real-world hacker tactics and BlackBerry's AI-driven products delivered complete prevention and detection with zero false positives. BlackBerry® UEM integrates with Microsoft 365, delivering BlackBerry's industry-leading security to Microsoft's productivity products. BlackBerry® AtHoc® critical event management platform used as foundation for autonomous flood risk and clean water monitoring solution. BlackBerry updates SecuSUITE capabilities to protect group phone calls and messages for governments and businesses from high risk eavesdropping. Appointment of New Cyber Security Business Unit PresidentBlackBerry has appointed John Giamatteo as President of the Cyber Security business unit.  With this strategic hire the company adds significant industry experience. Giamatteo will join the company on October 4th and report to Executive Chairman and CEO John Chen.  He will be responsible for business unit strategy, engineering, and go-to-market. Giamatteo brings to BlackBerry over 30 years of experience with technology companies. Most recently he served as President and Chief Revenue Officer of McAfee, where he was responsible for sales, marketing, and customer success.  During his time with McAfee, he delivered strong double-digit growth across its Enterprise, SMB and Consumer businesses as well as significant margin expansion across the portfolio.  Prior to that he served as Chief Operating Officer at AVG Technologies, a leading provider of Internet and mobile security. Giamatteo also held leadership positions with Solera Holdings, RealNetworks, Inc. and Nortel Network Corporation. "I'm excited to be joining BlackBerry and to be leading the Cyber Security business unit.  Never has the threat of cyberattacks been higher, nor more in the minds of management," said Giamatteo. "BlackBerry's AI-driven, prevention-first technology is well placed to scale to meet the constantly evolving cybersecurity needs of companies everywhere.  I'm very positive about the opportunities that we have as a company." Tom Eacobacci, BlackBerry's President and COO, has decided to pursue other opportunities and will leave the Company on October 29th.  BlackBerry thanks Tom for his hard work and contributions in his time at the Company. OutlookBlackBerry will provide fiscal year 2022 outlook in connection with the quarterly earnings announcement on its earnings conference call. The earnings call transcript will be made available on our website and on SEDAR. Use of Non-GAAP Financial MeasuresThe tables at the end of this press release include a reconciliation of the non-GAAP financial measures used by the company to comparable U.S. GAAP measures and an explanation of why the company uses them. Conference Call and WebcastA conference call and live webcast will be held today beginning at 5:30 p.m. ET, which can be accessed by dialing +1 (877) 682-6267 or by logging on at BlackBerry.com/Investors. A replay of the conference call will also be available at approximately 8:30 p.m. ET by dialing +1 (800) 585-8367 and entering Conference ID #6149337 and at the link above. About BlackBerryBlackBerry (NYSE:BB, TSX:BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including more than 195M vehicles.  Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy, and is a leader in the areas of endpoint security, endpoint management, encryption, and embedded systems.  BlackBerry's vision is clear - to secure a connected future you can trust. BlackBerry. Intelligent Security. Everywhere.  For more information, visit BlackBerry.com and follow @BlackBerry.   Investor Contact:BlackBerry Investor Relations+1 (519) 888-7465investor_relations@blackberry.com Media Contact:BlackBerry Media Relations+1 (519) 597-7273mediarelations@blackberry.com This news release contains forward-looking statements within the meaning of certain securities laws, including under the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including statements regarding BlackBerry's plans, strategies and objectives including its expectations with respect to increasing and enhancing its product and service offerings.  The words "expect", "anticipate", "estimate", "may", "will", "should", "could", "intend", "believe", "target", "plan" and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that BlackBerry believes are appropriate in the circumstances, including but not limited to, BlackBerry's expectations regarding its business, strategy, opportunities and prospects, the launch of new products and services, general economic conditions, the ongoing COVID-19 pandemic, competition, and BlackBerry's expectations regarding its financial performance.  Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, risks related to the following factors: BlackBerry's ability to enhance, develop, introduce or monetize products and services for the enterprise market in a timely manner with competitive pricing, features and performance; BlackBerry's ability to maintain or expand its customer base for its software and services offerings to grow revenue or achieve sustained profitability; the intense competition faced by BlackBerry; the occurrence or perception of a breach of BlackBerry's network cybersecurity measures, or an inappropriate disclosure of confidential or personal information; the failure or perceived failure of BlackBerry's solutions to detect or prevent security vulnerabilities; the impact of the COVID-19 pandemic; BlackBerry's continuing ability to attract new personnel, retain existing key personnel and manage its staffing effectively; BlackBerry's dependence on its relationships with resellers and channel partners; litigation against BlackBerry; network disruptions or other business interruptions; BlackBerry's ability to foster an ecosystem of third-party application developers; BlackBerry's products and services being dependent upon interoperability with rapidly changing systems provided by third parties; BlackBerry's ability to obtain rights to use third-party software and its use of open source software; failure to protect BlackBerry's intellectual property and to earn expected revenues from intellectual property rights; BlackBerry being found to have infringed on the intellectual property rights of others;  the substantial asset risk faced by BlackBerry, including the potential for charges related to its long-lived assets and goodwill; BlackBerry's indebtedness; tax provision changes, the adoption of new tax legislation or exposure to additional tax liabilities; the use and management of user data and personal information; government regulations applicable to BlackBerry's products and services, including products containing encryption capabilities; the failure of BlackBerry's suppliers, subcontractors, channel partners and representatives to use acceptable ethical business practices or comply with applicable laws; regulations regarding health and safety, hazardous materials usage and conflict minerals; acquisitions, divestitures and other business initiatives; foreign operations, including fluctuations in foreign currencies; the fluctuation of BlackBerry's quarterly revenue and operating results; the volatility of the market price of BlackBerry's common shares; adverse economic, geopolitical and environmental conditions. These risk factors and others relating to BlackBerry are discussed in greater detail in BlackBerry's Annual Report on Form    10-K and the "Cautionary Note Regarding Forward-Looking Statements" section of BlackBerry's MD&A (copies of which filings may be obtained at www.sedar.com or www.sec.gov). All of these factors should be considered carefully, and readers should not place undue reliance on BlackBerry's forward-looking statements. Any statements that are forward-looking statements are intended to enable BlackBerry's shareholders to view the anticipated performance and prospects of BlackBerry from management's perspective at the time such statements are made, and they are subject to the risks that are inherent in all forward-looking statements, as described above, as well as difficulties in forecasting BlackBerry's financial results and performance for future periods, particularly over longer periods, given changes in technology and BlackBerry's business strategy, evolving industry standards, intense competition and short product life cycles that characterize the industries in which BlackBerry operates. BlackBerry has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.   BlackBerry Limited Incorporated under the Laws of Ontario (United States dollars, in millions except share and per share amounts) (unaudited) Consolidated Statements of Operations  Three Months Ended Six Months Ended August 31, 2021 May 31, 2021 August 31,2020 August 31, 2021 August 31, 2020 Revenue $ 175 $ 174 $ 259 $ 349 $ 465 Cost of sales 63 60 60 123 123 Gross margin 112 114 199 226 342 Gross margin % 64.0 % 65.5 % 76.8 % 64.8 % 73.5 % Operating expenses Research and development 58 57 57 115 114 Selling, marketing and administration 83 73 79 156 169 Amortization 45 46 46 91 92 Impairment of goodwill — — — — 594 Impairment of long-lived assets — — 21 — 21 Debentures fair value adjustment 67 (4) 18 63 19 253 172 221 425 1,009 Operating loss (141) (58) (22) (199) (667) Investment loss, net (1) (2) (5) (3) (5) Loss before income taxes (142) (60) (27) (202) (672) Provision for (recovery of) income taxes 2 2 (4) 4 (13) Net loss $ (144) $ (62) $ (23) $ (206) $ (659) Loss per share Basic $ (0.25) $ (0.11) $ (0.04) $ (0.36) $ (1.18) Diluted $ (0.25) $ (0.11) $ (0.04) $ (0.36) $ (1.18) Weighted-average number of common shares outstanding (000s) Basic 568,082 567,358 558,882 567,724 558,365 Diluted 568,082 567,358 558,882 567,724 558,365 Total common shares outstanding (000s) 566,995 566,248 556,468 566,995 556,468   BlackBerry Limited Incorporated under the Laws of Ontario (United States dollars, in millions) (unaudited) Consolidated Balance Sheets As at August 31, 2021 February 28, 2021 Assets Current Cash and cash equivalents $ 291 $ 214 Short-term investments 416 525 Accounts receivable, net of allowance of $9 and $10, respectively 121 182 Other receivables 23 25 Income taxes receivable 9 10 Other current assets 50 50 910 1,006 Restricted cash equivalents and restricted short-term investments 27 28 Long-term investments 38 37 Other long-term assets 13 16 Operating lease right-of-use assets, net 57 63 Property, plant and equipment, net 44.....»»

Category: earningsSource: benzinga18 hr. 18 min. ago Related News

Clean Air Metals Files Second Quarter 2021 Interim Financial Statements

THUNDER BAY, ON, Sept. 22, 2021 /PRNewswire/ - Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV:AIR) (FRA: CKU) (OTCQB:CLRMF) announces that it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the six-month period ended July 31, 2021, available for viewing on www.sedar.com. Q2 Financial Highlights Total assets as at July 31, 2021 of $37,696,643 Total cash as at July 31, 2021 of $9,164,586 Working capital as at July 31, 2021 of $5,927,070 Shareholder's equity as at July 31, 2021 of $31,135,289 During the six-month period ended July 31, 2021 as previously reported, the Company, Closed a bought deal private placement for total proceeds of approximately $11.5-million, consisting of: (i) 11,904,800 flow-through shares at a price of $0.42 per flow-through share; and (ii) 12,745,100 flow-through units at a price of $0.51 per flow-through unit, including the exercise of the underwriters' option. Commenced a 30,000 meter diamond drill program with two drills at the Thunder Bay North project, with a focus on systematic step-outs between resource centers within the Escape Lake Deposit to add to the 505,369 oz palladium equivalent (PdEq) indicated mineral resource at 3.67g/t PdEq in 4,286,220 tonnes, published on January 20, 2021. Conducted additional resource delineation drilling at the adjacent Current Lake deposit, building on the indicated mineral resource of 1,328,789 oz PdEq at an average grade of 3.44 g/t PdEq in 11,999,177 tonnes, defined in the mineral resource update dated January 20, 2020. Mineral resource estimates for both deposits are reported pursuant to the January 20, 2021 NI 43-101 Technical Report and Mineral Resource Estimate for the Thunder Bay North Project, Thunder Bay, Ontario, prepared by Nordmin Engineering Ltd. with QP Glen Kuntz, P.Geo, as posted to SEDAR on March 4, 2021. Commenced metallurgical studies as a precursor to smelter offtake analysis and underground mine modelling as key inputs into a Preliminary Economic Assessment of the Current Lake Deposit scheduled for completion and disclosure in Q4/2021. Financial Summary For the three months ended For the six months ended July 31,2021 July 31,2020 July 31,2021 July 31,2020 Operating Expenses $ 1,241,739 $ 1,886,854 $ 1,988,873.....»»

Category: earningsSource: benzinga18 hr. 18 min. ago Related News

Clean Air Metals Files Second Quarter 2021 Interim Financial Statements

THUNDER BAY, ON, Sept. 22, 2021 /CNW/ - Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV:AIR) (FRA: CKU) (OTCQB:CLRMF) announces that it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the six-month period ended July 31, 2021, available for viewing on www.sedar.com. Q2 Financial Highlights Total assets as at July 31, 2021 of $37,696,643 Total cash as at July 31, 2021 of $9,164,586 Working capital as at July 31, 2021 of $5,927,070 Shareholder's equity as at July 31, 2021 of $31,135,289 During the six-month period ended July 31, 2021 as previously reported, the Company, Closed a bought deal private placement for total proceeds of approximately $11.5-million, consisting of: (i) 11,904,800 flow-through shares at a price of $0.42 per flow-through share; and (ii) 12,745,100 flow-through units at a price of $0.51 per flow-through unit, including the exercise of the underwriters' option. Commenced a 30,000 meter diamond drill program with two drills at the Thunder Bay North project, with a focus on systematic step-outs between resource centers within the Escape Lake Deposit to add to the 505,369 oz palladium equivalent (PdEq) indicated mineral resource at 3.67g/t PdEq in 4,286,220 tonnes, published on January 20, 2021. Conducted additional resource delineation drilling at the adjacent Current Lake deposit, building on the indicated mineral resource of 1,328,789 oz PdEq at an average grade of 3.44 g/t PdEq in 11,999,177 tonnes, defined in the mineral resource update dated January 20, 2020. Mineral resource estimates for both deposits are reported pursuant to the January 20, 2021 NI 43-101 Technical Report and Mineral Resource Estimate for the Thunder Bay North Project, Thunder Bay, Ontario, prepared by Nordmin Engineering Ltd. with QP Glen Kuntz, P.Geo, as posted to SEDAR on March 4, 2021. Commenced metallurgical studies as a precursor to smelter offtake analysis and underground mine modelling as key inputs into a Preliminary Economic Assessment of the Current Lake Deposit scheduled for completion and disclosure in Q4/2021. Financial Summary For the three months ended For the six months ended July 31,2021 July 31,2020 July 31,2021 July 31,2020 Operating Expenses $ 1,241,739 $ 1,886,854 $ 1,988,873 $.....»»

Category: earningsSource: benzinga18 hr. 18 min. ago Related News

Medical Assistant Job Description

An Assistant Medical Professional (AMP) is a member of the support staff in medical settings, such as hospitals and private practices. The AMP’s role can vary greatly depending on their location and speciality. Still, they are generally there to provide help, education, and guidance to physicians, nurses, other hospital staff members and patients. This article […] An Assistant Medical Professional (AMP) is a member of the support staff in medical settings, such as hospitals and private practices. The AMP’s role can vary greatly depending on their location and speciality. Still, they are generally there to provide help, education, and guidance to physicians, nurses, other hospital staff members and patients. This article offers an introduction to this field by providing insight into the AMP’s responsibilities, requirements for educational programs through licensing requirements—as well as career paths. A Day Typical Day In The Life Of A Medical Assistant The AMP’s role varies greatly depending on location and speciality. However, their day is typically spent helping physicians and other medical professionals deliver patient care while also performing administrative functions such as billing and record-keeping. An AMP working in a pediatric home health agency may accompany nurses to patients’ homes, helping them take vital signs and answer medical questions. An AMP working in a hospital setting may spend their time drawing blood samples from patients, administering medications, helping new mothers with breastfeeding techniques and monitoring patient vitals such as breathing rate and heart rates. An AMP working in a dermatology office may spend their time creating treatment plans for patients and helping administer chemical peels or laser treatments. An AMP working in an AIDS clinic may spend their time helping patients complete paperwork for disability claims, counselling clients about sexually transmitted diseases and conducting tests to determine the severity of infections. An AMP working in a laboratory setting may spend their time performing DNA sequencing, testing organ tissue for cancer cells or helping with the preparation of biological samples. Medical Assistant Job Duties AMPs work under the supervision of Physicians, Nurses and other professionals to provide general administrative and clinical support. While this list is not exhaustive, some typical duties include: Performing patient exams. This may involve simple chores such as taking vital signs and height and weight measurements or more involved tasks such as listening to lung sounds and performing diagnostic tests. Performing basic laboratory tests. This may include blood work, urine analysis or testing for drug levels in the body. Preparing patients for examinations and treatments by providing them with pre-procedure instructions. AMPs also perform follow-ups after procedures have been committed to ensuring patient well-being. Calculating dosages of medications and preparing medicine for patients. This includes taking inventory of existing medicine supplies, reviewing new medication orders with Pharmacists and labelling medicines for distribution to patients. Conducting tests on biological specimens, such as urine or blood samples. AMPs use special equipment to conduct these procedures (such as centrifuges). Educating patients on topics such as diet and disease prevention, sometimes over the phone. Assisting nurses with medical procedures such as injections and wound care. AMPs also provide post-treatment instructions to patients and document any changes in patient condition. Assisting physicians with examinations by helping undress patients or positioning them for examinations. The AMP may also help prepare exam rooms by arranging instruments, sterilizing equipment and laying out protective gowns. Maintaining the cleanliness of exam rooms by cleaning instruments, replacing paper on examination tables, or disposing of contaminated trash. The AMP may also stock exam room drawers with supplies such as gloves and tongue depressors. Scheduling appointments for patients by using a database system (such as Epic or Meditech). AMPs also use these systems to enter patient information, past medical history and test results. Performing administrative tasks such as billing insurance companies, managing patient records (including x-rays and other imaging studies) and filing medical reports. Providing backup coverage for receptionists by screening incoming calls, directing callers to the appropriate department and transferring calls to extensions. Performing calculations such as dosage conversions for prescriptions and preparing charts by counting pills or labelling specimens in a lab. Maintaining inventories of medical supplies by counting items in stock, monitoring expiration dates and placing orders for new supplies. Learning on the job by shadowing other workers and reading medical publications such as trade magazines and journals. Required Knowledge and Skills In order to perform the responsibilities of a Medical Assistant, certain knowledge and skills must be acquired. The following are examples of those needed: Communication – Composes routine reports and correspondence, as well as technical material such as medical records. Compiles, sorts, and handles incoming mail or phone calls. May answer telephone using appropriate etiquette, such as identifying self, using correct formalities and answering questions. Takes messages for others in the office. Some positions require extensive knowledge of medical terminology to communicate with patients and other healthcare professionals effectively. Interpersonal – Helps patients feel at ease before, during, and after treatment by providing caring, respectful behaviour. Responds promptly to patient requests or inquiries. Interacts with patients in a friendly, courteous and helpful manner. Develops positive rapport with patients by using effective communication skills. Establishes and maintains patient confidentiality. Problem-Solving – Uses sound judgment to plan work activities and solve problems such as taking inventory or locating misplaced items within the assigned department or unit. Science – Completes test requisitions, analyzes samples and prepares specimens. May use medical equipment to conduct tests. Mathematical – Calculates dosages of medications using dimensional analysis, calculates dosage of medication based on patient’s weight. Computer – Uses computer software programs related to daily job tasks such as electronic health records systems or clinical information systems used to document patient information. Updated on Sep 22, 2021, 4:44 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk18 hr. 18 min. ago Related News

The Biden honeymoon is over, but there"s a reason his new approval lows aren"t cause for alarm - yet

Biden's approval has not budged much with Democrats and Republicans. But he's been hemorrhaging support among independents for months. President Joe Biden. Brendan Smialowski/AFP via Getty Images President Joe Biden's approval rating hit another new low, this time in Gallup's survey at 43%. The Delta variant and his handling of the Afghanistan withdrawal are the two biggest factors. Historical data shows it's too early for Democrats to fret just yet. See more stories on Insider's business page. President Joe Biden hit another new low in an ongoing polling survey on Wednesday. Biden's approval rating is now at 43% according to Gallup, the same number he slipped to when he hit a record low in the NPR/Marist poll earlier in September. Just like the NPR/Marist survey, Biden has been losing ground among independent voters in Gallup's version.Vice President Kamala Harris fared slightly better, with her approval rating landing at 49%, according to Gallup.Although Biden is down significantly from his 68% job approval rating coming out of the transition and into the beginning of his term - and has proven more vulnerable to dips resulting from exogenous events compared to former President Donald Trump - it's still too early to jump to a conclusion about what this means for the 2022 midterms, much less the rest of his presidency.Historically, a newly elected president's party consistently loses seats in Congress in the midterm elections two years after the general. The average loss in the House - where every seat is up for reelection every two years - has been 25 seats since 1946, or an average of 37 for unpopular presidents, according to Gallup.Even the generic ballot, which has proven to be the most reliable predictor of a party's performance in the midterm elections, doesn't tend to resemble the eventual results until a few months out from the election, as Nathaniel Rakich wrote last week in a FiveThirtyEight polling analysis.Presidential approval has not had the same predictive weight to it when it comes to the midterms compared to a full presidential election, though there remains a loose correlation between the two. The more unpopular a president is, the worse their party tends to do in the midterm elections, though there are several notable exceptions. Courtesy of Gallup In continuing surveys like Gallup and NPR/Marist, Biden's approval has not budged that much with Democrats and Republicans. His biggest issue has been hemorrhaging support among independents for months.Pollsters that ask about his handling of the pandemic have found a slide in that metric among independents, which tends to mirror his overall job approval rating with the same group.In January, 61% of independent voters told Gallup they approved of Biden's job performance. The latest poll has him all the way down to 37% among them.With the Afghanistan withdrawal on top of that, Biden's approval has reverted to Obama and Trump-era levels of polarization.The Gallup summary of the latest poll put it bluntly."Biden's latest approval rating further cements the fact that the honeymoon phase of his presidency is behind him," Gallup's Megan Brenan writes. "Political independents, who were part of the coalition that helped him defeat Trump in 2020, now largely disapprove of the job he is doing as president."However, after what has already been a topsy turvy year and-a-half since the onset of the COVID-19 pandemic, there will be plenty more exogenous events that happen between now and Nov. 2022.How Biden handles those and how he gets the country out of the Delta variant - along with whatever else the virus has in store for humanity - will weigh much more significantly among the public than his summer of 2021.Read the original article on Business Insider.....»»

Category: smallbizSource: nyt21 hr. 18 min. ago Related News

Why so many companies are choosing to go public through a SPAC merger rather than an IPO

Going public by merging with a special-purpose acquisition company (SPAC), rather than by launching a traditional IPO, is worth considering for an increasing number of private companies. All the SPACs courting targets at this time may make M&A seem even more enticing. But there are pros and cons to each option. The latest analysis from the KPMG SPAC Intel Hub reveals that a private company may find certain advantages in a SPAC merger — such as speed and a guaranteed price — while outlining key….....»»

Category: topSource: bizjournals22 hr. 34 min. ago Related News