Investors are girding their portfolios for market moves ahead of the U.S. presidential vote, as election season kicks into higher gear with the Democratic National Convention in the coming week. "There's plenty of reasons to believe that the election outcome is going to be drawn out," said Lamar Villere, a portfolio manager at Villere & Co. "That's going to show the cracks in a market that's been priced for perfection." Villere's firm has raised its cash levels to as high as 20% of assets as a hedge against election-induced volatility in a stock market some say has become richly valued - the S&P 500 has rallied more than 50% from its lows of the year and trades at its highest forward price-to-earnings multiple in around two decades.
Technovation, a global technology education nonprofit, announced that two teams of girls and two family teams - representing Kazakhstan, Kuwait, India and Ireland - were named winners at its annual Technovation World Summit held virtually August 13-14. The two-day event brought together more than 1,000 members and supporters of the Technovation community from around the world. The Awards Ceremony, held during World Summit, is a culmination of the annual Technovation Girls and Technovation Families programs in which nearly 2,000 teams of girls (ages 10-18) and families (with children ages 8-16) are challenged to develop a mobile application or AI prototype to solve an issue they've identified in their community. This year, teams across 60+ countries overcame incredible odds stemming from COVID-19 to participate with the support of more than 3,500 mentors and chapter ambassadors.
Flanked by some of his top advisers in the Oval Office on Thursday, President Trump announced that Israel and the United Arab Emirates would be normalizing diplomatic ties. The deal advances the cause of peace in the Middle East.The agreement, called the Abraham Accord, will lead to diplomatic normalization between the two countries, starting with an exchange of ambassadors, then leading to further agreements in technology, security, health care, and other critical areas. Jared Kushner, Trump’s son-in-law and Middle East–peace consigliere, said during the press briefing to expect flights from Dubai and Abu Dhabi to Tel Aviv, creating greater interfaith exchange.The deal will also ease domestic political pressures in the two countries. To cement Emirati support for the agreement, the Netanyahu government has agreed to freeze its plans to “declare sovereignty” over West Bank settlements.This is a historic accord, and the UAE is the third Arab state to consummate this normalization with Israel, following Egypt in 1979 and Jordan in 1994. Crucially, the UAE is the first Gulf state to take the plunge, which is not surprising in light of the two countries’ unofficial years-long cooperation on a range of issues. It’s hard to imagine that the UAE’s Mohammed bin Zayed took this courageous step without first consulting the Saudis, who themselves have been predisposed to quietly work with Israel against Iran’s destabilizing influence in the region. With any luck, more dominoes will fall — Bahrain, Oman, and Saudi Arabia could follow.The Trump team deserves praise for recognizing that the strategic environment was ripe for a deal. It took Trump’s unconventional strategy for Middle East peace, which Kushner heads, to bring the agreement to fruition.For more than three years, the naysayers brayed that the Trump administration’s moves in the region would hinder the peace process and potentially lead to conflict. At every turn, they have been proven wrong.The Obama–Biden legacy in the Middle East can be traced back to two policies: the negotiation of the flawed Iran nuclear deal, and the administration’s betrayal of Israel at the U.N. Security Council after the 2016 election. Obama officials aimed to seek peace by reaching an accord with Iran, flooding the country with cash, and enabling the regime’s “moderates.”Trump and his advisers set out to reverse the courtship of Tehran, which had destabilized the region and hurt U.S. ties with Israel and the Gulf states. The Trump administration recognized Jerusalem as the capital of Israel (which was just an endorsement of reality) and recognized Israel’s sovereignty over the Golan Heights. Trump ripped up the Iran deal, opting instead for a maximum-pressure campaign, and he ordered the killing of terrorist mastermind Qassem Soleimani, who was responsible for the deaths of hundreds of Americans in Iraq.By moving against Iran and supporting Israel, Trump paved the way to today’s agreement, not war, as Ben Rhodes and other Obama advisers have warned.Unlike Rhodes, who diminished the deal’s importance on Twitter, Joe Biden celebrated it as an achievement (though he elided Trump’s involvement in the negotiations). In his statement, amazingly, the former vice president found it appropriate to credit “the efforts of the Obama–Biden administration.”And it does deserve some credit — for the reckless coddling of Iran that created a security threat pressing enough to bring Israelis and Arabs together. The former vice president has pledged a wholesale reversal of the Trump administration’s approach to the Middle East, a position that ignores the new facts on the ground, including, now, the most significant diplomatic breakthrough in years.
Senate Confirms FMCS DirectorPR NewswireWASHINGTON, Aug. 14, 2020 /PRNewswire/ -- The United States Senate confirmed President Trump's nomination of Richard Giacolone as Director of the Federal Mediation and Conciliation Service (FMCS) in a voice vote on Aug.
With California imposing strict restrictions to stem the spread of COVID-19, a number of restaurant and retail store owners in the city of Pasadena have quietly established the nation's first dense "face-pay" network. These small business owners have embraced an advanced facial recognition technology that lets their customers make secure, hands-free purchases using only their faces.
St. Joseph School, an all-city Catholic grade school, recently learned that Blackbaud, a St. Joseph School vendor that manages the School's donor database, was the subject of a data security event. This was a wide-reaching security event that involved data from multiple nonprofit organizations and other entities accepting donations, including certain personal information of St. Joseph School donors. St. Joseph School takes data security very seriously, especially as it relates to personal information, and is notifying affected individuals and providing them with steps they can take to protect themselves.
Inc. magazine announced today, that 365 Retail Markets is No. 2744 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy's most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
S&P; Global (NYSE: SPGI) (the "Company") announced today that it has priced the previously announced cash tender offer for any and all of its outstanding 4.400% Senior Notes due 2026, 6.550% Senior Notes due 2037 and 4.500% Senior Notes due 2048 listed in the table below (the "Notes"). The tender offer is being made on the terms and subject to the conditions set forth in the Offer to Purchase, dated August 10, 2020 (the "Offer to Purchase") and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the "Notice of Guaranteed Delivery"). The Notes are guaranteed by the Company's subsidiary, Standard & Poor's Financial Services LLC. The tender offer is referred to as the "Offer." The Offer to Purchase and the Notice of Guaranteed Delivery are referred to together as the "Offer Documents."
Initialized Capital, the early-stage venture firm that got its start inside of Y Combinator almost a decade ago and spun out of the organization roughly five years later, has closed its newest fund with $230 million in capital commitments, cofounder Garry Tan announced on Medium earlier today. Tan also announced that Initialized has a new general partner in Brett Gibson, with whom Tan has partnered with time and again in the past.
Reducing emissions while visiting a Parks Canada place is easier than ever beforeGATINEAU, QC, Aug. 14, 2020 /CNW/ - The COVID-19 pandemic reminded Canadians of the importance of connecting with our natural environment.
Division 5 LLC, a portfolio company of Applied Value Group's investment arm, Applied Invest LLC (formerly Garden Growth Capital LLC), has acquired Winston-Salem based Structural Steel of Carolina (SSC), a leader in structural steel fabrication that specializes in education, healthcare, and industrial applications.
As 2020’s record-setting hurricane season enters its most active phase, President Donald Trump wants to take billions of dollars away from hurricane-related disaster relief to provide expanded unemployment benefits due to the COVID-19 pandemic.
Gibbs & Cox, Inc. is pleased to announce our most recent award from our valued customers at The Naval Surface Warfare Philadelphia Division (NSWCPD) to provide program management and technical service to support modernization to the US. Army and Navy's assault craft, submarines, and surface ships. We look forward to continuing our longstanding relationship with The NSWC Philadelphia Division of preforming testing, and refurbishment for in-service assets, as well as fleet support.
NASA and SpaceX have set a specific target date for Crew-1, the first operational crewed mission for SpaceX's Crew Dragon spacecraft. Crew-1 will carry astronauts Shannon Walker, Victor Oliver, Mike Hopkins and Soichi Noguchi to the International Space Station, and will mark the first regular service mission of the Dragon spacecraft following its certification at the conclusion of its development and testing program.
East Austin College Prep (EAPrep) will be opening on time and virtually on August 18th until further notice in order to keep students, families, staff, and community members safe. EAPrep is enrolling grades Pre-K 3 through 11th.
The "IoT Middleware Market by Platform Type (Device, Application, and Connectivity Management), Organization Size (Large Enterprises and SMES), Vertical (Manufacturing, Government & Defense, Automotive & Transportation), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.