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Mark Vittert"s Reflections: In his corner

I was thinking about those blessings for which to be most grateful, but I have decided to write about just one......»»

Category: topSource: bizjournalsNov 25th, 2021

COVID Is Over (If You Want It)

COVID Is Over (If You Want It) Submitted by QTR's Fringe Finance The title of this blog post is, of course, an homage to the classic John Lennon Christmas song “Happy XMas (War is Over)”, which then spurred the popularity of the phrase “War is Over! (If You Want It)”. Despite my distaste for Yoko Ono (and John Lennon being one of my least favorite Beatles), the song is undeniably one of the greatest ever written, both musically and lyrically. Its chorus, including the background lyrics “war is over, if you want it”, sung by the Harlem Community Choir, deliver a goosebump-inducing message of peace at the time of year where so many people, of varying walks of life, celebrating any number of holidays, realign themselves with the magic of giving, the importance of family, the closeness of community and a sense of purpose about our short journey here on Earth. I caught myself by surprise a couple days ago when the first Christmas playlist I put on this year pumped out this song and I started to get a little emotional. It’s surprising, because while I’ve always enjoyed Christmas and the holidays, I never found Christmas music to be particularly moving. Rather, after suffering through years of Mariah Carey’s “All I Want For Christmas Is You” being the number one song played on the bar jukebox where I used to work during all of November and December, I found it less to be about the spirit of giving and more to be a lobotomized cue for automatons to order a 16th glass of egg nog. And so, this week, I was trying to take personal inventory about what could have me feeling so moved during only the second week of November. I started thinking about it then, and finished thinking about it during a 3 hour drive I had this week - one of the rare times where I have silence and can hear myself think. I stumbled upon the idea that because Christmas last year broke from tradition for so many people (myself and my family included) and because this year it finally feels like some of the nation is breathing a true sigh of relief from Covid, that the 2021 holiday season could wind up being one where we embrace tradition yet again. This is akin to some actual Christmas magic.To me, it feels like the nation is on the verge of collectively exhaling after what can only be described as a physically arduous and psychologically burdensome 24 months. We’ve lost some family and friends, we’re all a couple years older, our perspectives have shifted - yet, if you’re reading this, you’re one of the billions of members of the human race relentlessly marching forward. Together, we have dealt with an assault on our senses for nearly two years and, this holiday season, it’s time to just let that shit go. Worse than the virus itself has been the continued incessant reminders to get vaccinated, two-faced mask requirements from hypocritical politicians, spurious and useless mandates and individuals and businesses who suffered personal or economic losses. The psychological toll from Covid easily rivals, if not surpasses, the physical toll we have paid. And why wouldn’t it be? Every day, the mainstream media brutalizes us with new sensationalist claims about how Covid is waiting around the corner with a gun, getting ready to shoot us in the face in our own homes if we do something as meaningless as use a one-way door labeled “Exit” to enter a building. And if the virus doesn’t shoot us (hyperbole), the government might (less hyperbole). Just ask Australia.What have we been rewarded with, as a nation - as a human race - for obeying all of these rules? We have been lied to and deceived at almost every instance possible. There have been deceptions about herd immunity, Dr. Fauci has lied willingly about whether or not he helped fund gain of function research, the media has lied about potentially efficacious Covid treatments, FDA staff have resigned in protest over pressure to approve boosters and the stocks of companies like Moderna have gone through the roof. Yesterday was another day that I woke up and watched the mainstream media narrative alternate between trying to scare the shit out of people and complete and total implosion. Almost one year to the day after President Biden said “You’re not going to get COVID if you have these vaccinations,” the following headline made its way onto MSNBC. The article read: “What we’re starting to see now is an uptick in hospitalizations among people who’ve been vaccinated but not boosted,” Dr. Anthony Fauci, the director of the National Institute for Allergy and Infectious Disease, said Tuesday in an interview. Surprise, surprise. The goalposts have been moved again. Oh, and look: vaccination status continues to be pushed as controversial. Yesterday there was unending coverage on ESPN over whether or not NFL wide receiver Antonio Brown was vaccinated or whether he faked his vaccination card. The allegations of Brown using a fake card were made by his former private chef, who said Brown owes him $10,000. To which, I replied: who honestly fucking cares? How is this news? Nobody in a stadium full of 40,000 football fans (or on the field tackling each other) honestly cares so much about this that it should be any news story. The virus is dangerous, but not that dangerous, and vaccines have been, and will continue to be, personal health decisions. Between headlines like these and another “impending doom” chryon (remember that idiocy from the CDC director?), we continue to be subject to an onslaught of media hysteria heading into the holiday season. To the average American just trying to do the right thing, these news items are yet another reason, in addition to skyrocketing inflation and just trying to survive in general while healthy, to wake up with your muscles tensed and your mind panicked. How much human capital are we wasting in this perpetual fight or flight state right now? How far have we overshot the response mark? How counterintuitive are our actions? How much is it eating at our quality of life? The unfortunate fact of the matter is that Covid is simply going to be unavoidable for most of us. It is everywhere, it’s going to be everywhere, and the sooner that one makes peace with that and accepts it, the quicker they can start to alleviate themselves of the psychosis they’ve been carrying around for two years months. Since about March 2020, I haven’t worried much about Covid. I’m in good shape and have continued most of my normal routine despite having Covid earlier this year. I was one of the lucky ones who had a fever for a couple of days, some flu like symptoms, and then just got on with my life. The worst part was losing my smell and taste for a while, but that eventually came back. I didn’t crow about my positive Covid test, I didn’t write about it on Twitter, I didn’t use it as a soapbox to tell people what to do with their lives, and I didn’t have a nervous breakdown. I just got on with my life. This holiday season, we can all do the same. It’s weird that I’m feeling a great sense of relief heading into the holiday season this year. I know I’m going to be around family. I know they are going to be slightly less stressed than they are were last year and – Covid or no Covid – I know I only have so many holiday seasons left. So, this year, I’ll be focusing 100% of my energy on making this one special, and one to remember. By all means, if you are immuno-compromised or elderly, or have people with comorbidities in your family – take precautions. Protect those that you love. Realistically, you may not be able to completely ignore Covid this holiday season , but there’s a high chance that you owe it to yourself to try and exhale and enjoy your holidays as close to “normally” as you can. Many people might even be able to turn their brains off to Covid completely, like millions across the nation have already done. The least you can do, even if you are taking precautions with your family, is turn off the television and stop bludgeoning yourself with the media. It has been nothing but a combination of deception, hysteria and and sensationalism. None of those things belong at your peaceful holiday dinner table. Take that deep breath now, then exhale. Covid is over (if you want it). *  *  * This was a free look at paid subscriber content from QTR's Fringe Finance. If you enjoy and want to support my work, I'd love to have you as a subscriber. Zerohedge readers get 10% off a subscription for life by using this link. Tyler Durden Fri, 11/19/2021 - 19:40.....»»

Category: blogSource: zerohedgeNov 19th, 2021

The 4 best space heaters we tested in 2021

After testing eight space heaters for safety, efficiency, and ease of use, these are the best ones to help you stay warm in 2021. Steph Coelho/Insider Table of Contents: Masthead Sticky A space heater can help keep you warm without wasting a lot of energy to heat your entire space. We tested eight space heaters for safety, efficiency, and ease of use to determine the best ones. Our top pick from Lasko heats quickly and efficiently, and the compact size fits any space. Find out more about how Insider Reviews tests and reviews home products. Temperature is incredibly subjective: I see this in my own home where I'm perpetually hot, and my husband is always cold.Space heaters are a good alternative if you need to warm up specific areas of your home. They can reduce friction if you're constantly fighting over the thermostat with your housemates and (building codes permitting) offer you some control over the temperature where the heat is not adjustable. They're also a good solution between seasons when it's not cold enough to turn on whole-house heat and are an obvious choice for garages, RVs, boats, and other places that may not have access to gas-powered heat. In addition to testing portable outdoor heaters and writing our guide to the best patio heaters, I've been testing and reviewing products for nearly half a decade, covering everything from fitness gadgets to kitchen appliances. For almost two months, I put eight space heaters through various tests to see how they would affect the ambient temperature in my home office. I evaluated their performance, ease of use, settings, noise level, and safety features. I also interviewed two experts on space heater safety, which you can read here. Here are the best space heaters in 2021Best space heater overall: Lasko Ceramic Portable Space HeaterBest full-size space heater: Lasko Cyclonic Digital Ceramic HeaterBest high-end space heater: Dyson Pure Hot+CoolBest space heater that's also a fan: Honeywell Versa Two Position Heater Best space heater overall Steph Coelho/Insider The Lasko Ceramic Portable Space Heater is a practical, no-frills miniature heater with enough juice to turn your chilly home office into a cozy, warm nook of productivity. Pros: Compact, incredibly efficient, easy to use, housing stays cool to the touch, overheat detector Cons: No tip-over safety switch, no temperature display This unit is the first space heater I tested, and I keep coming back to it for my personal use. It's one of the smallest heaters on this list at just about 10 inches tall but pulls a powerful 1,500 watts of power to heat efficiently for its miniature size.There are three settings (low, high, and fan) and an adjustable temperature dial. The temperature dial uses dots instead of specific temperatures, so it took some time to figure out how to adjust the unit to my preferred temperature. I ended up watching a YouTube video. Once I got it working, the heat cycling feature kept me comfortable for hours. It's relatively quiet, and I didn't feel the need to shut it off during Zoom calls. That said, it's not a whole-room heater: The unit only increased the overall temperature in my office by about 3 degrees Fahrenheit in my testing. However, sitting close to the heater, I felt much, much warmer.The heater has cool-touch housing, which didn't heat up during use, but the front grille gets quite hot (though this is common with most space heaters). It'll also shut off automatically if it detects overheating. The manual didn't specify at what temperature this function triggers, and I didn't encounter it during my testing.There's no tip-over safety switch, but the unit is quite stable. I really had to shove it off my desk for it to tip over. I can see myself using this frequently when I'm unwilling to turn on the furnace. It's easy to store and tote around the house. Best full-size space heater Steph Coelho/Insider The Lasko Cyclonic Digital Ceramic Heater is a full-size space heater that takes up minimal space and delivers an effective dose of warmth. Pros: Lightweight, accurate internal thermostat, overheat protectionCons: No fan-only option, no tip-over shutoff This is the model I recommend to my grandfather, who was looking for a space heater for his bedroom. At almost 2 feet tall, it's a full-size floor model, but it is surprisingly lightweight, so it's easy to move around from room to room.The light-up control panel is legible from afar and allows you to choose your desired room temperature, select high or low heat settings, and set a timer. You can also adjust the angle of the airflow if you don't want hot air blowing directly on you. The unit automatically cycles off and on when it reaches the right temperature. This function was accurate when I compared its temperature display to my reference thermometer. It's quiet for such a large machine, and it heats up a room quickly without blowing uncomfortably hot air. On a chilly morning, the heater was able to warm the air by 6 degrees Fahrenheit in under an hour. Unfortunately, this unit doesn't have a fan-only option. While there's a thermal overload detector to prevent overheating, there's no tip-over shutoff.Unlike other space heater models I tried, this model can be placed against a wall because of the way the air enters and exits the machine. Safety experts usually recommend keeping the backside of a space heater clear, but I did confirm that no hot air was blowing out the back of the machine, and it never overheated during use. Best high-end space heater Steph Coelho/Insider The Dyson Pure Hot+Cool's features, like air purifying, app compatibility, and some cooling capability, make it an expansive home appliance that does much more than heat. Pros: Air-purifying feature, all parts stay cool to the touch, 360-degree oscillation, automatically shuts off after nine hours or if overheating is detected, beautiful design, app control, smart assistant compatibility, tip-over switchCons: Onboard display is difficult to read, replacement filters are expensiveThis Dyson unit is ultra-fancy. It's a full-size heater with a unique oblong, donut-shaped design.Set up is straightforward; just click in the filters and plug in the unit. You can use the remote or an app (available on iOS or Android) to control and adjust the airflow speed, oscillation, temperature, airflow direction, and turn on the sleep timer or night mode — a feature that darkens the display and reduces the airflow speed.There's also a "cooling" mode, which is really just a fan. In testing, the cooling mode barely made a dent in room temperature, though the breeze did make me feel more comfortable. The heating function on the Dyson works much better. The room started warming almost immediately, and the heat was effectively dispersed throughout the room. Within the first hour of testing, the temperature increased by 6 degrees Fahrenheit — a welcome bit of warmth on a cold day.The heater has an auto-shutoff that prevents overheating and it will turn off if falls over or detects that the heating mode has been active for more than 9 hours. It's also the only heater where no part of the exterior is hot to the touch, making it safe for use around kids. The air purifier is the main advantage of the Dyson. It adjusts its fan speed to help clear your indoor air, and it was so efficient that it helped prevent keep pet hair and dander from exacerbating my asthma.The Dyson is also, by far, the most expensive space heater we tested. If you're just interested in warming a chilly space, you'll get similar heating power from the cheaper picks in this guide.Read our full review of the Dyson Hot + Cool. Best space heater that's also a fan Steph Coelho/Business Insider The Honeywell Versa Two Position Heater is a space-saving heater with a powerful fan and thoughtful safety features. Pros: Powerful fan, cool-touch housing, overheat protection, unique safety features intended to prevent electrical fires Cons: Noisy, no heat cycling, no tip-over switchThe "two-position" feature of this heater means you can place the unit upright or on its side so you can use it in a variety of spaces and situations. I primarily used it in the upright position and was impressed by how this little rectangular heater warmed my office by 3 degrees very quickly.It uses a fan to push heat around, and the warmth spreads evenly throughout my office instead of being concentrated in one area. Since the heat disperses so well, it didn't leave me sweating while I was waiting for my office to warm, unlike some other models I tried.In addition to being a good feature for dispersing heat, the fan can also keep you cool. While the fan is powerful on its own, this feature does make a fair bit of noise, which I could hear from adjoining rooms. I also appreciated the thoughtful safety features of this space heater. While it doesn't have a tip-over sensor, the unit stays cool to the touch, and the wiring is thermally insulated to prevent the cord from overheating.It also has an overheat sensor and an ALCI plug like those found on many blow dryers, which reacts quickly to shorts like a surge protector does. Overall, it's a great space heater for those who are safety conscious and those who want a product they can also use in warmer weather. What else we tested Steph Coelho/Business Insider All the heaters I tested worked as intended, quickly raising the temperature in my office by several degrees. A few just missed the mark for inclusion in our top picks. Here are the others we tested:What else we recommend and why:Honeywell Uberheat Ceramic Heater: This is a sleek little heater with an attractive aesthetic that looks more like a designer speaker than a space heater. It takes up minimal desk space and has several key safety features like a highly sensitive tip-over switch and an overheat detector. However, the cycling function didn't do a great job at maintaining a consistent temperature. More often than not, I felt uncomfortably hot. The front grille also gets very hot, so I had to be extra careful when handling the unit, though the rest of the housing does stay cool to the touch. Still, if you use the heater without the cycling function, it produces a fair bit of warmth and looks good doing it. It's a great heater for the design-conscious individual. What we don't recommend and why:Taotronics Space Heater: The moderate size of this heater was surprising, especially since marketing photos on Amazon make it look much bigger than it actually is. In reality, it's a little under a foot-and-a-half tall. When I used it on the floor, I felt like only my lower legs were warmed. When I used it on my desk, it was impossible to adjust and check the heat settings while seated, since the controls are at the top of the unit. It's likely why the unit comes with a remote, but it only serves to clutter up my workspace. It heats fine, looks sleek, and swivels, but it's an awkward size and shape for a space heater.Trustech Ceramic Space Heater: Straight out of the box, this unit intrigued me with its streamlined design, but as soon as I put it on my desk, I changed my tune. The heater has an oscillation feature with a spinning disc on the bottom of the unit, but it makes the heater feel unsteady compared to other models I tested. While it does have a tip-over switch, I never quite felt comfortable using this heater because of how wobbly it is. It heats up fine but no better than other heaters I tried and not enough to justify the design concerns.Vornado Velocity 5: This square-shaped heater looked rugged and powerful with its large fan placed prominently on display, but it was surprisingly underpowered. It didn't do a good job of dispersing heat, and I often felt chilly sitting right near it if it wasn't pointed directly at me. The crisp display is one of the most legible of all the heaters I tested, but the built-in thermostat is very inaccurate. Anytime I checked my reference thermometer, the reading on the heater's display was at least 3 to 4 degrees off the mark. Our space-heater testing methodology Steph Coelho/Business Insider In addition to interviewing two safety experts about space heaters, I relied heavily on my experience reviewing heating devices like patio heaters and portable outdoor heaters for this guide. I put all eight space heaters through the same set of standard tests and used a reference thermometer to collect temperature data. Here's what I looked for with each test:Ability to heat: This is the most important function of a space heater. I tested every heater in my 100-square-foot office. I used a reference thermometer positioned on the corner of my desk in the middle of the room. I placed the heaters diagonally from the thermometer — compact units sat on my desk while full-sized ones were placed in the far corner of my office. I tried each heater's various settings and took notes about the accuracy of internal thermostats. I was also looking for how well the heaters could hold the room at my desired temperature — usually around 70 to 72 degrees Fahrenheit — without blasting me with heat. To the best of my ability, I made sure that I didn't turn on my thermostat throughout testing except when there was a risk of pipes freezing or danger to my parrot's health. Most of the time, testing began when the temperature in my office was hovering somewhere between 60 and 64 degrees Fahrenheit. Time to heat: I used an indoor thermometer and a timer to evaluate how long it took for the space heater to bring the room up to my ideal temperature. Some models operate by blasting heat higher than your target temperature to get the room hot faster, but I found these made me sweaty. Units that were too slow left me shivering a few hours later. Units with an accurate cycling feature received bonus points for maintaining comfort levels in my office. Easy-to-use controls: While safety experts recommend reading the manual cover-to-cover before using a space heater, I tried to figure out the unit on my own before referencing any manuals. I looked for controls that were intuitive and easy to figure out.Size: In a small office, there's not much extra room. Extra points went to units that were powerful but still compact, lightweight, and easy to fit in a confined area. For those who have larger spaces to heat, we did include picks for full-size heaters.Noise: Every space heater made some noise, but some were a bit quieter than others. I docked points from units that I turned off for Zoom meetings or phone calls. Safety features: I verified whether safety features were functional (except for the overheating functions, since that would have presented a safety hazard), including tipping the units over to test for automatic shutoffs. What to look for in a space heater Space heaters convert electricity into heat and contain a fan that helps disperse the heat throughout the room. Most space heaters share a few standard functions, like a power button and high- or low-temperature settings. However, we've found a few key features to consider when shopping for a space heater:Power: Most heaters in our guide have 1,500 watts of power, which is pretty standard for space heaters. More-powerful heaters are usually marketed as "garage heaters" and either need to be hardwired into your electrical circuit or run on a special appliance circuit. Fortunately, a heater with 1,500 watts should be enough to heat a room of about 150 square feet. Heat-cycling function: For comfort and energy efficiency, you'll want a space heater with a heat-cycling function. It allows you to select the desired temperature that the unit then attempts to maintain by cycling on and off when the temperature is above or below the threshold. This is similar to how a built-in thermostat works in your home and prevents you from having to manually turn the unit on and off to maintain comfort levels. Not all cycling features work well, however; our picks above outline models with cycling features that are accurate and easy to use. Size: A small space heater is great for desktop use in a home office, dorm room, or office building. It'll usually heat just the area right around the heater comfortably, which is good enough if you're just looking for a small bubble of personal comfort. A space heater with a bigger footprint has a larger fan, which helps blow air around the room and is ideal for heating large spaces like garages or full rooms. Opt for a full-size heater if you have a lot of space to heat.Safety: We outline more safety features to look for in the section below, but overheat protection is a must. Space heater safety Steph Coelho/Business Insider Space heaters are ultra-convenient, but the safety experts we spoke to said they can also be dangerous if not used properly. According to a 2018 report from the National Fire Protection Association, space heaters cause 44% of US fires due to home heating and 81% of related deaths. Both Matthew Griffith, fire prevention section chief with the Montreal Fire Department, and Dan Mock, brand manager of Mr. Sparky, an electrical services company, said the number one rule for using a space heater is to never leave it unattended. Griffith said customers should look for a space heater that's certified by the Underwriter's Laboratory (UL or ULC in Canada) and has safety features like an auto-shutoff and tip-over switch. Mock also recommends reading the instruction manual cover-to-cover and inspecting the device before running it. It's also a good idea to keep the packaging so you can store the heater and keep it dust-free during the warmer months. Griffith said not to put a space heater too close to walls or flammable materials and keep the backside of the heater clear, as the unit can overheat if blocked.Mock also warns against using extension cords or overloading circuits with these types of appliances.  Space heater FAQs Do space heaters use a lot of power?This depends on what you consider to be "a lot." Most space heaters use 1,500 watts of power. To put that in context, if you were to use your space heater eight hours per day for a month, it would add $50.36 to your energy bill, based on the current average electricity rates.Are space heaters dangerous?When not used properly, space heaters are a serious fire hazard. You can reduce the risk of fire by never leaving the heater unattended, reading the user manual, inspecting the device before running it, and never putting it close to walls or flammable materials.Read the above slide about space heater safety for more info.How long can I keep a space heater on?Modern space heaters have a variety of features that make them safe to use for prolonged periods of time (over hours). However, you should still take the precautions mentioned above and turn the space heater off before you go to sleep.How long do space heaters last?Generally, the length of a manufacturer's warranty can tell you how long an item is expected to last. The space heaters in our guide have warranties of 1 to 3 years, but with proper care, they can last you for more than a decade. The best deals on space heaters from this guide Heating a large house gets expensive. When you spend most of your time in one or two rooms, it's just not worth it. This is where a space heater comes in handy. You can keep your thermostat low while the space heater keeps you warm where you need it most. A good space heater will pay for itself in energy savings, but you can speed up the savings by getting a good deal. It won't surprise you that they tend to go on sale in the spring as the weather heats up. Yet, you can also find deals on Black Friday and Cyber Monday. For example, the Lasko Ceramic Portable Space Heater was only $10 during one recent Black Friday weekend.If you don't know what to look for when shopping for space heater deals, we have you covered. We've compiled a list of the best deals on the space heaters we recommend.There are currently no deals on our recommended space heaters. Read more about how the Insider Reviews team evaluates deals and why you should trust us. Check out our other winter guides to keep warm Maria Del Russo/Insider The best fire pitsThe best winter boots for womenThe best winter coats for womenThe best winter coats for menThe best beanies Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 10th, 2021

Tesla’s “Rounding Error” Of Sales Improvement

Stanphyl Capital’s commentary for the month ended October 31, 2021, discussing their short position in Tesla Inc (NASDAQ:TSLA). Q3 2021 hedge fund letters, conferences and more The Biggest Bubble In Modern Stock Market History We remain short the biggest bubble in modern stock market history, Tesla Inc. (TSLA), which now has a completely absurd diluted […] Stanphyl Capital’s commentary for the month ended October 31, 2021, discussing their short position in Tesla Inc (NASDAQ:TSLA). 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 Walter Schloss Series in PDF Get the entire 10-part series on Walter Schloss 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); Q3 2021 hedge fund letters, conferences and more The Biggest Bubble In Modern Stock Market History We remain short the biggest bubble in modern stock market history, Tesla Inc. (TSLA), which now has a completely absurd diluted market cap of $1.25 trillion. Perhaps this ridiculousness is best shown graphically, courtesy of @MichalStupavsky and @AlbertBridgeCap; note that both these graphics were created hundreds of billions of dollars ago in Tesla market cap, and when viewing them please keep in mind that Tesla’s share of the world auto market is only around 1.1% (yes, one POINT one percent): And yet at some point when momentum-riding Tesla bulls (or, for that matter, bears) least expect it, TSLA will recouple with “reality,” and that’s why I continue to maintain a core short position. So here’s “reality”… Tesla has no “moat” of any kind; i.e., nothing meaningfully proprietary in terms of electric car technology, while existing automakers—unlike Tesla­—have a decades-long “experience moat” of knowing how to mass-produce, distribute and service high-quality cars consistently and profitably. Excluding sunsetting emission credit sales Tesla is barely profitable. Growth in sequential unit demand for Tesla’s cars is at a crawl relative to expectations. Elon Musk is a pathological liar who under the terms of his SEC settlement cannot deny having committed securities fraud. Tesla's Q3 Deliveries In October Tesla reported Q3 deliveries of 241,000 cars, 18,000 more than Wall Street’s “official” consensus and around 11,000 more than the 230,000-delivery “whisper number.” These (and even the entire 40,000-unit gain over Q2) are rounding errors for an auto company trading at even one-tenth of Tesla’s valuation. If in any quarter GM or VW or Toyota sold 2.04 million vehicles instead of 2 million or 1.96 million, no one would pay the slightest bit of attention to the difference. Seeing as Tesla is now being valued at nearly sixteen GMs, it’s time to start looking at its relatively tiny numerical sequential sales growth, rather than Wall Street’s sell-side hype of “percentage off a small base.” In other words, if you want to be valued at a giant multiple of “the big boys,” you should be treated as a big boy. In fact, a favorite hype story from Tesla fans has been “the China market” and its “record” number of 73,659 Q3 deliveries there. Let’s put this in perspective: this was only around 4000 more cars than in Q1 and only around 11,000 more than in Q2—these are “growth” rounding errors. And that “record” Q3 China quarter gave it just 1.5% of the overall passenger vehicle market and just 11% of the BEV market, and it had so much excess capacity that it exported tens of thousands of cars to Europe. And now in October, Tesla sales in China reportedly fell back to just 12,000 units. Remember when Musk claimed that Tesla’s Chinese domestic demand alone would need multiple factories to satisfy? Ah, the good old days! One likely way Tesla was able to post an upside surprise in Q3 deliveries was because competitors’ production (and thus inventories) were at the lowest level in decades due to the massive chip shortage, thereby eliminating a number of “Tesla alternatives.” Meanwhile, Tesla had record production because Musk (a notorious “corner-cutter”) was apparently willing to substitute untested, non-auto-grade chips for the more durable chips he couldn’t get; please see my Twitter post about this. Rounding Error As for the demand implications of the new U.S. EV tax credit (assuming it passes in its current form—which, by the way, benefits GM & Ford’s union-made cars with a $12,500 per-car credit vs. just $8000 for each Tesla), please see my Twitter thread as to why—relative to Tesla’s insane valuation and its fans’ expectations—it will likely result in just another “rounding error” of sales improvement. In its Q3 earnings report (released in October), Tesla claimed it made around $1.3 billion in free cash flow (defined as operating cash flow less capex). However, this number appears to be entirely due to working capital adjustments and not from the business itself. Let me explain: Tesla claimed operating cash flow of around $3.2 billion for the quarter, but this came with the benefit of accounts payable increasing by $702 million, receivables declining by $167 million and accrued liabilities up by $665 million while (detrimentally) prepaid expenses increased by $144 million. Adjusting for that massive net working capital benefit, operating cash flow was only a bit over $1.8 billion and with capex at $1.8 billion it means Tesla’s Q3 free cash flow was essentially zero; i.e., it’s a horrible business. Also in its Q3 report Tesla claimed it made around $1.45 billion in net income after excluding $279 million of pure-profit emission credit sales (excluded because they’ll almost entirely disappear some time next year when other automakers will have enough EVs of their own), and after adding back a $50 million Bitcoin write-down. However, that earnings number also includes what I estimate to be Tesla’s usual $300 million or so in unsustainably low warranty provisioning, and after adjusting for that and assuming no other fraudulent accounting, Tesla only earned around $1.06/share, which annualizes to $4.24. An auto industry PE multiple of 10x would thus make TSLA worth around $42/share (admittedly, more than the “$0” I once expected), while a “growth multiple” of 20x would value it at $84, which is almost a 93% discount to October’s closing price of $1114. And before you tell me that a 100% premium to the industry’s PE ratio isn’t enough, keep in mind that—as noted earlier—Tesla’s sequential unit growth is an auto industry rounding error. In fact, one could argue that Tesla’s multiple should carry a discount, considering the massive legal and financial liabilities continually generated by its pathologically lying CEO. Meanwhile Tesla continues to sell (and book cash flow, if not accounting revenue from) its fraudulent & dangerous so-called “Full Self Driving.” In a sane regulatory environment Tesla having done this for five years now would be considered “consumer fraud,” and indeed the regulatory tide may finally be turning, as in August two U.S. Senators demanded an FTC investigation and in October the NHTSA appointed a harsh critic of this deadly product to advise on its regulation. (For all known Tesla deaths see TeslaDeaths.com.) Are major write-downs and refunds on the way, killing the company’s slight “claimed profitability”? Stay tuned! And remember, the 2021 overview from Guidehouse Insights rates Tesla dead last among autonomous competitors: Proprietary Battery Technology Another favorite Tesla hype story has been built around so-called “proprietary battery technology.” In fact though, Tesla has nothing proprietary there—it doesn’t make them, it buys them from Panasonic, CATL and LG, and it’s the biggest liar in the industry regarding the real-world range of its cars. And if new-format 4680 cells enter the market some time in 2022 (as is now expected), their manufacturers will gladly sell them to anyone. Meanwhile, the quality of the Model Y—is awful, and that car faces current (or imminent) competition from the much better built electric Audi Q4 e-tron, BMW iX3, Mercedes EQA, Volvo XC40 Recharge, Volkswagen ID.4, Ford Mustang Mach E, Nissan Ariya, Hyundai Ioniq 5 and Kia EV6. And Tesla’s Model 3 now has terrific direct “sedan competition” from Volvo’s beautiful Polestar 2 and the premium version of Volkswagen’s ID.3 (in Europe), and later this year from the BMW i4, plus multiple local competitors in China. And in the high-end electric car segment worldwide the Audi e-tron and Porsche Taycan outsell the Models S & X (and the newly updated Tesla models with their dated exteriors and idiotic shifters & steering wheels won’t change this), while the spectacular new Mercedes EQS, Audi e-Tron GT and Lucid Air make the Tesla Model S look like a fast Yugo, while the extremely well reviewed new BMW iX does the same to the Model X. And oh, the joke of a “pickup truck” Tesla previewed in 2019 (and still hasn’t shown in production-ready form) won’t be much of “growth engine” either, as it will enter a dogfight of a market; in fact, in May Ford formally introduced its terrific new all-electric F-150 Lightning which now has over 150,000 reservations, Rivian’s pick-up has gotten fantastic early reviews, and in January at CES GM will introduce its electric Silverado. Meanwhile, Tesla quality ranks 30th among 33 brands in the latest J.D. Power dependability survey… …and second-to-last in the latest Consumer Reports reliability survey: …while the most recent What Car? survey shows similar results with Tesla finishing #29 out of 31, and now quality is slipping in China. Regarding safety, as noted earlier in this letter, Tesla continues to deceptively sell its hugely dangerous so-called “Autopilot” system, which Consumer Reports has completely eviscerated; God only knows how many more people this monstrosity unleashed on public roads will kill, despite the NTSB condemning it. Elsewhere in safety, in 2020 the Chinese government forced the recall of tens of thousands of Teslas for a dangerous suspension defect the company spent years trying to cover up, and now Tesla has been hit by a class-action lawsuit in the U.S. for the same defect. Tesla also knowingly sold cars that it knew were a fire hazard and did the same with solar systems, and after initially refusing to do so voluntarily, it was forced to recall a dangerously defective touchscreen. In other words, when it comes to the safety of customers and innocent bystanders, Tesla is truly one of the most vile companies on Earth. Meanwhile the massive number of lawsuits of all types against the company continues to escalate. So Here Is Tesla’s Competition In Cars (Note: These Links Are Regularly Updated)... Porsche Taycan Porsche Taycan Cross Turismo Porsche Macan Electric SUV Officially Coming in 2023 Volkswagen ID.3 Headlines VW's Electrified Future Volkswagen ID.4 Electric SUV Volkswagen ID 6 to arrive with 435-mile range in 2023 Volkswagen Aero B: new electric Passat equivalent spied VW’s Cupra brand counts on performance for Born EV Cupra, VW brand to get entry-level battery-powered cars Audi e-tron Audi e-tron Sportback Audi E-tron GT Audi Q4 e-tron Audi Q6 e-tron confirmed for 2022 launch Audi previews long-range A6 e-tron EV Audi TT set to morph into all-electric crossover Hyundai Ioniq 5 Hyundai Ioniq 6 spotted ahead of 2022 launch Hyundai Kona Electric Genesis reveals their first EV on the E-GMP platform, the electric GV60 crossover Genesis aims to go all-electric from 2025 Kia Niro Electric: 239-mile range & $39,000 before subsidies Kia EV6: Charging towards the future Kia EV4 on course to grow electric SUV range Jaguar’s All-Electric i-Pace Jaguar to become all-electric brand; Land Rover to Get 6 electric models Daimler will invest more than $47B in EVs and be all-electric ready by 2030 Mercedes EQS: the first electric vehicle in the luxury class Mercedes EQS SUV takes shape Mercedes-Benz unveils EQE electric sedan with impressive 400-mile range Mercedes EQE SUV to rival BMW iX and Tesla Model X Mercedes EQC electric SUV available now in Europe & China Mercedes-Benz Launches the EQV, its First Fully-Electric Passenger Van Mercedes-Benz EQB Makes Its European Debut, US Sales Confirmed Mercedes-Benz unveils EQA electric SUV with 265 miles of range and ~$46,000 price Ford Mustang Mach-E Available Now Ford F-150 Lightning electric pick-up available 2022 Ford set to launch ‘mini Mustang Mach-E’ electric SUV in 2023 Ford to offer EV versions of Explorer, Aviator, ‘rugged SUVs' Volvo Polestar 2 Volvo XC40 Recharge Volvo C40 electric sedan to challenge Tesla Model 3, VW ID3 Polestar 3 will be an electric SUV that shares its all-new platform with next Volvo XC90 Chevy updates, expands Bolt EV family as price drops Cadillac All-Electric Lyriq Available Spring 2022 GMC ALL-ELECTRIC SUPERTRUCK HUMMER EV GM to build electric Silverado in Detroit with estimated range of more than 400 miles GMC to launch electric Hummer SUV in 2023 GM will offer 30 all-electric models globally by 2025 GM Launches BrightDrop to Electrify the Delivery of Goods and Services Nissan vows to hop back on EV podium with Ariya Nissan LEAF e+ with 226-mile range is available now BMW leads off EV offensive with iX3 BMW expands EV offerings with iX tech flagship and i4 sedan 2022 BMW iX1 electric SUV spied BMW 3-series EV coming Rivian R1T Is the Most Remarkable Pickup We’ve Ever Driven Renault upgrades Zoe electric car as competition intensifies Renault Dacia Spring Electric SUV Renault to boost low-volume Alpine brand with 3 EVs Renault's electric Megane will debut new digital cockpit Stellantis promises 'heart-of-the-market SUV' from new, 8-vehicle EV platform Alfa Romeo is latest Stellantis brand to get all-electric future Peugeot e-208 PEUGEOT E-2008: THE ELECTRIC AND VERSATILE SUV Peugeot 308 will get full-electric version Citroen compact EV challenges VW ID3 on price Maserati to launch electric sports car Mini Cooper SE Electric Toyota's bZ4X EV gets 300-mile range, steer by wire; first of 7 BEVs by 2025 Opel sees electric Corsa as key EV entry 2021 Vauxhall Mokka revealed as EV with sharp looks, massive changes Skoda Enyaq iV electric SUV offers range of power, battery sizes Electric Skoda Enyaq coupe to muscle-in on Tesla Model 3 Skoda plans small EV, cheaper variants to take on French, Korean rivals Nio to launch in five more European countries after Norway BYD will launch electric SUV in Europe The Lucid Air Achieves an Estimated EPA Range of 517 Miles on a Single Charge Bentley converting to electric-only brand All-electric Rolls-Royce Spectre to launch in 2023 – firm to be EV-only by 2030 Aston Martin will build electric vehicles in UK from 2025 Meet the Canoo, a Subscription-Only EV Pod Coming in 2021 Two new electric cars from Mahindra in India; Global Tesla rival e-car soon Former Saab factory gets new life building solar-powered Sono Sion electric cars Foxconn aims for 10% of electric car platform market by 2025 And In China... How VW Group plans to dominate China's EV market VW Goes Head-to-Head With Tesla in China With New ID.4 Crozz Electric SUV Volkswagen’s ID.3 EV to be produced by JVs with SAIC, FAW in 2021 2022 VW ID.6 Revealed With Room For Seven And Two Electric Motors China-built Audi e-tron rolls off production line in Changchun Audi Q2L e-tron debuts at Auto Shanghai Audi will build Q4 e-tron in China Audi Q5 e-tron Confirmed For China Audi in cooperation company for local electric car production with FAW FAW Hongqi starts selling electric SUV with 400km range for $32,000 FAW (Hongqi) to roll out 15 electric models by 2025 BYD goes after market left open by Tesla with four cheaper models for budget-conscious buyers BYD said to launch premium NEV brand ‘Dolphin’ in 2022 Top of Form Bottom of Form Daimler & BYD launch DENZA electric vehicle for the Chinese market Geely announces premium EV brand Zeekr Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars Mercedes styled Denza X 7-seat electric SUV to hit market Mercedes ‘makes mark’ with China-built EQC BMW, Great Wall to build new China plant for electric cars BAIC Goes Electric, & Establishes Itself as a Force in China’s New Energy Vehicle Future BAIC BJEV, Magna ready to pour RMB2 bln in all-electric PV manufacturing JV Toyota, BYD will jointly develop electric vehicles for China Lexus to launch EV in China taking on VW and Tesla GAC Aion about to start volume production of 1,000-km range AION LX GAC Toyota to ramp up annual capacity by 400,000 NEVs GAC kicks off delivery of HYCAN 007 all-electric SUV Nio – Ready For Tomorrow Nio steps up plans for mass-market brand to compete with VW, Toyota Xpeng Motors sells multiple EV models SAIC-GM to build Ultium EV platform in Wuhan Chevrolet Menlo Electric Vehicle Launched in China Buick Launches VELITE 6 PLUS MAV Electric Vehicle in China Buick Velite 7 EV And Velite 6 PHEV Launch In China Dongfeng launches the all-electric Voyah  PSA to accelerate rollout of electrified vehicles in China SAIC, Alibaba-backed EV brand IM begins presale of first model L7 Hyundai Motor Transforming Chongqing Factory into Electric Vehicle Plant Polestar said to plan China showroom expansion to compete with Tesla Jaguar Land Rover's Chinese arm invests £800m in EV production Renault reveals series urban e-SUV K-ZE for China Renault & Brilliance detail electric van lineup for China Renault forms China electric vehicle venture with JMCG Honda to start sales of new EV-branded vehicles in China in 2022 Geely launches new electric car brand 'Geometry' – will launch 10 EVs by 2025 Geely, Foxconn form partnership to build cars for other automakers Fiat Chrysler, Foxconn Team Up for Electric Vehicles Baidu to create an intelligent EV company with automaker Geely Leapmotor starts presale of C11 electric SUV on Jan. 1 2021 Changan forms subsidiary Avatar Technology to develop smart EVs with Huawei, CATL WM Motors/Weltmeister Chery Seres Enovate China's cute Ora R1 electric hatch offers a huge range for less than US$9,000 Singulato JAC Motors releases new product planning, including many NEVs Seat to make purely electric cars with JAC VW in China Iconiq Motors Hozon Aiways Skyworth Auto Youxia CHJ Automotive begins to accept orders of Leading Ideal ONE Infiniti to launch Chinese-built EV in 2022 Human Horizons Chinese smartphone giant Xiaomi to launch electric car business with $10 billion investment Lifan Technology to roll out three EV models with swappable batteries in 2021 Here’s Tesla’s Competition In Autonomous Driving... Waymo ranked top & Tesla last in Guidehouse leaderboard on automated driving systems Tesla has a self-driving strategy other companies abandoned years ago Fiat Chrysler, Waymo expand self-driving partnership for passenger, delivery vehicles Waymo and Lyft partner to scale self-driving robotaxi service in Phoenix Volvo, Waymo partner to build self-driving vehicles Jaguar and Waymo announce an electric, fully autonomous car Renault, Nissan partner with Waymo for self-driving vehicles Cruise and GM Team Up with Microsoft to Commercialize Self-Driving Vehicles Cadillac Super Cruise Sets the Standard for Hands-Free Highway Driving Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle Honda launching Level 3 autonomous cars Volkswagen moves ahead with Autonomous Driving R&D for Mobility as a Service Volkswagen teams up with Microsoft to accelerate the development of automated driving VW taps Baidu's Apollo platform to develop self-driving cars in China Ford's electric Mustang will offer hands-free driving technology in 2021 ARGO AI AND FORD TO LAUNCH SELF-DRIVING VEHICLES ON LYFT NETWORK BY END OF 2021 Hyundai and Kia Invest in Aurora Toyota, Denso form robotaxi partnership with Aurora Aptiv and Hyundai Motor Group complete formation of autonomous driving joint venture Amazon’s Zoox unveils electric robotaxi that can travel up to 75 mph Nvidia and Mercedes Team Up to Make Next-Gen Vehicles Daimler's heavy trucks start self-driving some of the way SoftBank, Toyota's self-driving car venture adds Mazda, Suzuki, Subaru Corp, Isuzu Daihatsu  Continental & NVIDIA Partner to Enable Production of Artificial Intelligence Self-Driving Cars Mobileye and Geely to Offer Most Robust Driver Assistance Features Mobileye Starts Testing Self-Driving Vehicles in Germany Mobileye and NIO Partner to Bring Level 4 Autonomous Vehicles to Consumers Lucid Chooses Mobileye as Partner for Autonomous Vehicle Technology AutoX, backed by Alibaba Nissan gives Japan version of Infiniti Q50 hands-free highway driving Hyundai to start autonomous ride-sharing service in Calif. Pony.ai raises $462 million in Toyota-led funding Baidu kicks off trial operation of Apollo robotaxi in Changsha Toyota to join Baidu's open-source self-driving platform Baidu, WM Motor announce strategic partnership for L3, L4 autonomous driving solutions Volvo will provide cars for Didi's self-driving test fleet BMW and Tencent to develop self-driving car technology together BMW, NavInfo bolster partnership in HD map service for autonomous cars in China GM Invests $300 M in Momenta to deliver self-driving technologies in China FAW Hongqi readies electric SUV offering Level 4 autonomous driving Tencent, Changan Auto Announce Autonomous-Vehicle Joint Venture Huawei teams up with BAIC BJEV, Changan, GAC to co-launch self-driving car brands GAC Aion, DiDi Autonomous Driving to co-develop driverless NEV model BYD partners with Huawei for autonomous driving Lyft, Magna in Deal to Develop Hardware, Software for Self-Driving Cars Xpeng releases autonomous features for highway driving Nuro Becomes First Driverless Car Delivery Service in California Deutsche Post to Deploy Test Fleet Of Fully Autonomous Delivery Trucks ZF autonomous EV venture names first customer Magna’s new MAX4 self-driving platform offers autonomy up to Level 4 Groupe PSA’s safe and intuitive autonomous car tested by the general public Mitsubishi Electric to Exhibit Autonomous-driving Technologies in New xAUTO Test Vehicle Apple acquires self-driving startup Drive.ai Motional to begin robotaxi testing with Hyundai Ioniq 5 in Los Angeles JD.com Delivers on Self-Driving Electric Trucks NAVYA Unveils First Fully Autonomous Taxi Fujitsu and HERE to partner on advanced mobility services and autonomous driving Here’s Where Tesla’s Competition Will Get Its Battery Cells... Panasonic (making deals with multiple automakers) LG Samsung SK Innovation Toshiba CATL BYD Volkswagen to Build Six Electric-Vehicle Battery Factories in Europe How GM's Ultium Battery Will Help It Commit to an Electric Future Ultium (General Motors & LG joint venture) GM to develop lithium-metal batteries with SolidEnergy Systems Ford, SK Innovation announce EV battery joint venture BMW & Ford Invest in Solid Power to Secure All Solid-State Batteries for Future Electric Vehicles Stellantis, LG Energy Solution to form battery JV for N. American market Toyota to build U.S. battery plant Daimler joins Stellantis as partner in European battery cell venture ACC Renault signs EV battery deals with Envision, Verkor for French plants Nissan to build $1.4bn EV battery plant in UK with Chinese partner UK companies AMTE Power and Britishvolt plan $4.9 billion investment in battery plants Freyr Verkor Farasis Microvast Akasol Cenat Wanxiang Eve Energy Svolt Romeo Power ProLogium Hyundai Motor developing solid-state EV batteries Daimler Morrow Here’s Tesla’s Competition In Charging Networks... Electrify America is spending $2 billion building a high-speed U.S. charging network GM to distribute up to 10 chargers to each of its dealerships starting early 2022 GM, EVgo partner to expand U.S. charging network Circle K Owner Plans Electric-Car Charging Push in U.S., Canada 191 U.S. Porsche dealers are installing 350kw chargers ChargePoint to equip Daimler dealers with electric car chargers GM and Bechtel plan to build thousands of electric car charging stations across the US Ford introduces 12,000 station charging network, teams with Amazon on home installation Shell Plans To Deploy Around 500,000 Charging Points Globally By 2025 Petro-Canada Introduces Coast-to-Coast Canadian Charging Network Volta is rolling out a free charging network Ionity Europe E.ON and Virta launch one of the largest intelligent EV charging networks in Europe Volkswagen plans 36,000 charging points for electric cars throughout Europe Smatric has over 400 charging points in Austria Allego has hundreds of chargers in Europe PodPoint UK charging stations BP Chargemaster/Polar is building stations across the UK Instavolt is rolling out a UK charging network Fastned building 150kw-350kw chargers in Europe Aral To Install Over 100 Ultra-Fast Chargers In Germany Deutsche Telekom launches installation of charging network for e-cars Total to build 1,000 high-powered charging points at 300 European service-stations NIO teams up with China’s State Grid to build battery charging, swapping stations Volkswagen-based CAMS launches supercharging stations in China Volkswagen, FAW Group, JAC Motors, Star Charge formally announce new EV charging JV BMW to Build 360,000 Charging Points in China to Juice Electric Car Sales BP, Didi Jump on Electric-Vehicle Charging Bandwagon Evie rolls out ultrafast charging network in Australia Evie Networks To Install 42 Ultra-Fast Charging Sites In Australia And Here’s Tesla’s Competition In Storage Batteries... Panasonic Samsung LG BYD AES + Siemens (Fluence) GE Bosch Hitachi ABB Toshiba Saft Johnson Contols EnerSys SOLARWATT Schneider Electric Sonnen Kyocera Generac Kokam NantEnergy Eaton Nissan Tesvolt Kreisel Leclanche Lockheed Martin EOS Energy Storage ESS UET electrIQ Power Belectric Stem ENGIE Redflow Renault Primus Power Simpliphi Power redT Energy Storage Murata Bluestorage Adara Blue Planet Tabuchi Electric Aggreko Orison Moixa Powin Energy Nidec Powervault Kore Power Shanghai Electric Schmid 24M Ecoult Innolith LithiumWerks Natron Energy Energy Vault Ambri Voltstorage Cadenza Innovation Morrow Gridtential Villara Elestor   Thanks and stay healthy, Mark Spiegel Updated on Nov 1, 2021, 11:19 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: valuewalkNov 1st, 2021

Our 13 favorite horror movies to stream on Halloween

Halloween is the perfect time to watch a scary movie. Here are some of our favorite horror flicks that you can stream right now. When you buy through our links, Insider may earn an affiliate commission. Learn more. Kathryn Newton in "Freaky." NBCUniversal and Blumhouse Productions Halloween is the perfect time to put together your own horror movie marathon at home. There are tons of scary movies on streaming services like HBO Max, Hulu, Prime Video, and Netflix. You can stream some of our favorites right now, like "The Shining," "Freaky," "Hereditary," and more. Halloween is right around the corner, and there's no better way to mark the spooky holiday than to sit back with some popcorn and binge-watch a bunch of scary movies. There are tons of horror films available to stream on every major subscription platform, from HBO Max to Paramount Plus.Though there's no shortage of options, figuring out which spine-tingling films are worth your time can be tricky. With that in mind, we asked our reporters and editors to recommend some of their own personal favorites. Our picks run the gamut from slasher flicks to supernatural ghost stories, ensuring that there's something for every horror fan to enjoy.Below, you can find all of our picks for the best horror movies you can watch right now. We've noted which streaming service you'll need for each recommendation, so you'll have no trouble setting up your own Halloween movie marathon. 'The Shining' on HBO Max and AMC Plus Warner Bros. Few horror movies are as iconic as Stanley Kubrick's "The Shining." Though it deviates a fair amount from Stephen King's classic novel, the movie carves out its own equally terrifying identity.When a father (Jack Nicholson) takes his wife and young child to a secluded hotel, he's gradually driven mad by the evil spirits that reside there. Nicholson's unhinged performance is perfect, and the movie's haunting imagery will leave a lasting impact.A sequel, titled "Doctor Sleep," was released in 2019, nearly 40 years after the original movie. It's not available on any subscription services right now, but it's worth renting if you're in the mood for a spooky double feature. — Steven Cohen, Tech and Streaming EditorMax Monthly Plan (ad-free) (small)(Amazon Prime Video Channels) (small) 'Willy's Wonderland' on Hulu Screen Media When you need a break from the jump scares and creeps, "Willy's Wonderland" is a fun watch that doesn't break the Halloween spirit. It stars Nicolas Cage as a wordless protagonist trapped in a Chuck E. Cheese-like restaurant for a night. The catch? All of the animatronic animals are possessed by evil spirits.It's bloody, action-packed, and a great watch with friends, especially if you're a fan of the similar "Five Nights at Freddy's" video game series. — Sarah Saril, Tech Deals and Streaming ReporterStreaming Service (small) 'Train to Busan' on Amazon Prime Video and Peacock Well Go USA I'm not the biggest fan of paranormal or supernatural horror movies, as I enjoy being able to sleep at night, but I do love an occasional zombie movie. "Train to Busan" is an emotional and jarring film about a zombie outbreak in South Korea.It follows the story of a dad (Yoo Gong) and his daughter (Su-an Kim) who are on the last train to Busan — the safe city of the outbreak. It will truly have you on the edge of your seat the entire time. — Anna Popp, Home and Kitchen FellowPrime Video Monthly Subscription (small)Premium (Monthly Plan) (small) 'Halloween' on AMC Plus, Shudder, and the Roku channel John Carpenter and Debra Hill cowrote "Halloween." Compass International Pictures If you're looking for a horror movie to watch during the Halloween season, you really can't go wrong with, well, "Halloween." This quintessential slasher flick remains terrifying more than 40 years after it first hit screens, and it's helped spawn a franchise with a dozen installments. The original release from 1978 remains the best, with excellent direction from John Carpenter, a harrowing performance by Jamie Lee Curtis, and the debut of one of horror cinema's most iconic villains, Michael Myers. You need AMC Plus or Shudder to stream the first film without commercials, but you can watch it for free on the Roku Channel if you don't mind ads. Meanwhile, viewers who want to watch the latest installment, "Halloween Kills," can stream it on Peacock right now while it's still in theaters. — Steven Cohen, Tech and Streaming Editor(Amazon Prime Video Channels) (small)Streaming Service (small) 'Mother!' on Paramount Plus Jennifer Lawrence in "mother!" Paramount Pictures I'm a big fan of director Darren Aronofsky ("Black Swan," "Requiem for a Dream"). He's a master at making you feel uncomfortable, and none of his movies are more discomforting than "Mother!"The film stars Jennifer Lawrence ("The Hunger Games") as a pregnant woman renovating her new home, and Javier Bardem ("No Country for Old Men") as her struggling writer husband. Once he finds his inspiration and writes a bestselling book, their lives quickly spin out of control.The film is visually dazzling and touches on so many themes, including religion, fame, privacy, gender roles, and more. I was left numb for days after watching this because it was so powerfully disturbing. — James Brains, Home and Kitchen ReporterPremium Monthly Plan (ad-free) (small) 'Freaky' on HBO Max NBCUniversal and Blumhouse "Freaky" premiered on the big screen in November 2020 when many viewers were still hesitant to see films in theaters. With that in mind, it's possible you missed this fun horror flick during its initial release. The movie is now streaming on HBO Max and it's a worthwhile watch for anyone who likes slashers with a clever sense of humor.The playful story puts a bloody spin on the classic "Freaky Friday" premise, as a serial killer (Vince Vaughn) and teenage girl (Kathryn Newton) switch bodies. What follows is an equal mix of scares and laughs.The director's previous two horror movies, "Happy Death Day" and "Happy Death Day 2U," are also well worth seeking out, but they're not available on any major subscription services right now. — Steven Cohen, Tech and Streaming EditorMax Monthly Plan (ad-free) (small) 'Hereditary' on Showtime A24 For anyone in therapy or who attributes any of their psychological struggles to their upbringing, this movie is going to wreck you both emotionally and with some of the most frightening imagery ever filmed.Written and directed by Ari Aster ("Midsommar"), the plot follows a struggling mother of two (played by Uma Thurman doppelganger Toni Collette) after the death of her abusive and mentally ill mother sends her into a depressive and supernatural spiral of generational trauma. — Joe Osborne, Senior Editor, Tech & ElectronicsMonthly Streaming Subscription (small) 'The Evil Dead' on HBO Max Lionsgate Fans of low budget horror thrills should enjoy Sam Raimi's cult classic "The Evil Dead." The movie was one of the first supernatural horror flicks to popularize the now common "cabin in the woods" setup. Raimi uses this premise to create a bloody explosion of kinetic camera work as a group of friends accidentally summon deadly demons.The movie makes the most of its cheap budget, proving that filmmaking ingenuity can trump million dollar special effects any day. Sure, it's rough around the edges, but that's all part of its enduring charm.The movie's equally celebrated sequel, "Evil Dead II," might be even more entertaining, as Raimi dials up the camp to blend slapstick comedy with gory scares. Both films are streaming now on HBO Max. — Steven Cohen, Tech and Streaming EditorMax Monthly Plan (ad-free) (small) 'The Taking of Deborah Logan' on Amazon Prime Video Millennium Entertainment At a glance, this film had the potential to be a very cheesy watch, but it ended up being very spooky! The premise involves a film crew following an elderly woman with Alzheimer's disease, but things take a supernatural turn.Some of the scenes are so haunting, with imagery that still sticks behind my eyelids. It's a found footage type of movie, but I was pleasantly surprised to find that it didn't make me motion sick at all.  — Sarah Saril, Tech Deals and Streaming ReporterPrime Video Monthly Subscription (small) 'Mandy' on Shudder and AMC Plus Sundance Institute I love scary movies, and 'Mandy' is one of the most underrated horror flicks ever made. The film takes place in the 1980s and stars Nicolas Cage as a man named Red. When a hippie cult kidnaps Red's wife Mandy (played by Andrea Riseborough), he seeks revenge while learning about the group's twisted pseudo-religious psychedelic practices.Composer Jóhann Jóhannsson's score is marvelous, and the cinematography keeps you transfixed. I loved the movie so much, I splurged on a novelty box of mac and cheese inspired by it. — James Brains, Home and Kitchen Reporter(Amazon Prime Video Channels) (small)Streaming Service (small) 'Abraham Lincoln Vampire Hunter' on HBO Max 20th Century Fox This is a horror movie only by technicality, but I will sing its praises every chance I get. "Abraham Lincoln: Vampire Hunter" was a film I watched as a joke, but it quickly became one of my all-time favorite action flicks.As the title implies, vampires are there, and so is Abraham Lincoln. It's a better movie than it has any right to be, and it's a great watch when you need a break from real spooks and scares. — Sarah Saril, Tech Deals and Streaming ReporterMax Monthly Plan (ad-free) (small) 'The Cabin in the Woods' on Peacock Lionsgate More than just a typical horror flick, director Drew Goddard's "The Cabin in the Woods" acts as a clever satire on typical horror movie tropes and clichés.The film starts off with a standard premise, similar to "The Evil Dead," as five friends encounter a deadly threat in a secluded cabin — but as the story develops, the movie playfully turns that common plot on its head. Funny and thrilling, this is a slasher with some genuine smarts and laughs on top of a healthy helping of scares. — Steven Cohen, Tech and Streaming EditorPremium (Monthly Plan) (small) 'Await Further Instructions' on Netflix Dark Sky Films If you want to see a very unlikable cast of characters have bad things happen to them, this movie is for you. "Await Further Instructions" is a compelling experience thanks to its claustrophobic nature, since the whole film focuses on a family trapped in one house.I was reeled in by its bizarre thumbnail on Netflix, and I found it to be an entertaining watch. — Sarah Saril, Tech Deals and Streaming ReporterMonthly Subscription (small)Gift Card (small) Read the original article on Business Insider.....»»

Category: smallbizSource: nytOct 28th, 2021

The Tell: Cathie Wood says Jack Dorsey’s ‘hyperinflation’ call is off the mark

Twitter founder Jack Dorsey's warning that “hyperinflation” is around the corner gets some pushback, including a detailed rebuttal from highflying tech investor Cathie Wood......»»

Category: topSource: marketwatchOct 25th, 2021

How to create a survey on Google Forms and share it with others to collect their responses

A Google Forms survey is a free tool that can be used for fun or research purposes, allowing you to customize questions and answers in many ways. Use a computer to create and share a Google Forms survey that fits your needs. Andia/Universal Images Group via Getty Images A Google Forms survey is a free tool that can be used for fun or professional research purposes. You can customize Google Forms questions and answers in many different ways. After you've created a survey using Google Forms, you can share it with others to collect their responses. Visit Insider's Tech Reference library for more stories. Google Forms is a free and useful tool that enables you to create surveys for others to complete. Since you can customize questions and answer options, it's helpful for conducting research but can also be just for fun. Once you've created your survey, you can quickly share it through an email or link, or embed it into your website. How to create a Google Forms survey1. Go to forms.google.com and log in to your Google account if prompted to do so.2. Click on the form labeled Blank - it's represented by a plus symbol.3. Click the field called Untitled form and type the title you want to use for the survey. You can also write a description of the survey by writing in the field directly beneath it, called Form description. The blank form will have one pre-loaded question box. Chrissy Montelli 4. Once you title your survey, you can add questions by clicking on the icons on the right side of the screen. Here's a quick rundown of the icons and what they do. To add new questions, select the corresponding icon from the vertical menu on the right. Chrissy Montelli Circle with plus sign: Add a new question.Paper with arrow: Import questions from another source (such as another Google Form you created).A large and small T: Add a text box that includes a title and description without a question, such as providing additional context.A square with two small triangles: Add a new question that includes an image.A rectangle with one triangle inside: Add a new question that includes a video.Two parallel rectangles: Add a new section to the survey to differentiate it from other sections.5. Depending on the type of question you're asking, respondents may answer in different ways, such as multiple choice or short answer. You can change the type of answer by clicking on a dropdown menu inside the question box and then clicking on the preferred answer type. Available answer types include: The dropdown menu on each question box determines the type of answer respondents will give. Chrissy Montelli Short answer: A one-line answer that must be typed in.Paragraph: A paragraph-length answer that must be typed in.Multiple choice: Respondents are given multiple responses, but there is only one correct answer.Checkboxes: Respondents can select multiple answers from a list.Dropdown: The correct answer must be selected from a dropdown menu of options.File upload: The question must be answered by uploading an external file, such as a document or image.Linear scale: The respondent answers by selecting a point on a numeric or qualitative scale, such as a customer service survey.Multiple choice grid: The respondent must mix and match answers from a grid.Checkbox grid: The respondent can select multiple answers from a grid.Date: The answer must be a specific date.Time: The answer must be a specific time.6. Once you add a type of question, you can write the question itself, as well as individual answer options. To do so, click on the respective field and type the text you want to use.If you want to delete an answer, click on the X icon to the right of that answer.If you want to delete a question, click on the trash can icon at the bottom of the question box.To duplicate a question, click on the Copy icon to the left of the trash icon.You can also click on the slider labeled Required to make responses required or optional.For additional settings, click on the three vertical dots. Questions can be required or optional - make sure the mandatory questions are labeled as such Chrissy Montelli 7. Repeat the process until you've created all the questions you need for your survey.How to share your Google Forms surveyOnce you finish creating your survey, you can share it with others in a few different ways. Click the Send button in the upper-right corner of the form to get started.Email the survey to specific recipientsWith the Email tab selected (first from the left), click in the field labeled To and type in the email address(es) of your intended survey recipient(s). If you prefer, you can include a message as well. Click Send in the bottom-right corner once you're finished, and the survey will be sent to all of the recipients. If you already have a list of email addresses for your survey's recipients, emailing the survey is a convenient option. Chrissy Montelli Copy a link to the survey and post it elsewhereWith the Link tab selected (second from the left), click on the Copy button in the bottom right corner of the screen. If you want a shorter version of the link, click on the field next to Shorten URL so that a check mark appears, and then click Copy. From there, you can paste the link elsewhere, such as on social media, and anyone who clicks on the link can answer your survey. You can copy the full URL to share the survey or have Google Forms generate a shorter URL for you to share. Chrissy Montelli Embed the survey into your websiteThis one is a little more complicated, as it involves coding the survey into your personal website or blog. With the Embed HTML tab selected (third from the left), click Copy in the bottom-right corner of the screen. This will copy the survey's code so that it can be embedded in the code of your website or blog, which you'll have to do on the website's host site (such as Wordpress).How to create, edit, and customize a Google FormAre Google Forms anonymous? Here's how to enable anonymous responses and know whether yours isHow to find answers on Google Forms in 3 different formats, as well as in Google SheetsWhat are Google Forms? Everything you need to know about Google Workspace's online form builderRead the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 22nd, 2021

The supply-chain crisis is wreaking havoc on advertisers" Q4 plans

In this week's Insider Advertising, we're covering the supply-chain crisis, new ad units at Lowe's and DoorDash, and a flurry of mobile ad activity. Hello and welcome back to Insider Advertising, your weekly look at the biggest stories and trends affecting Madison Avenue and beyond. I'm Lara O'Reilly, Insider's media and advertising editor. If this was forwarded to you, sign up here.Have you binged your way through "Squid Game" yet? If not, you're probably in the minority. Netflix said this week that the dystopian Korean-language horror series had become its biggest-ever series launch, with 111 million member households having watched it so far. You can already buy merch from Walmart (bafflingly, no green tracksuits yet), and no doubt we're in for a bunch of awkward memes from brand social-media accounts come Halloween. Red light!Green light! Let's quickly dive into this week's big advertising news before we get eliminated.The supply-chain crisis throws advertisers' Q4 plans into disarrayLowe's and DoorDash launch new ad offeringsMobile adtech consolidation continues apaceI'm in the middle of a chain reaction Ad agencies are scrambling to shift ad plans for clients struggling with supply chain issues like stock shortages. ArtMarie/Getty Images The supply-chain crisis is wreaking havoc on all sorts of industries, not least advertising.Lindsay Rittenhouse, an Insider senior reporter, found that some advertisers were slashing their fourth-quarter budgets by up to 50% - cuts that could carry over into 2022. Some marketers are also scrambling to change their messaging in light of stock shortages.Every agency staffer I've spoken with this week has told me that planning and forecasting have never been harder.The holiday ad season is likely to look very different from typical years, Mindshare UK CEO Jem Lloyd-Williams told me."Supply-chain issues may mean you have fewer people advertising - who haven't got stuff on the shelves, or don't think it's the right thing to do - it may be less cacophonous," he said.Still, he added, for many advertisers, such as automakers, there's an opportunity to double down on advertising designed to build brand awareness and preference, rather than promoting specific products."When everyone else is pulling out of the market, you get a higher share of voice," Lloyd-Williams said.Shawty got low, low, low, low, low, low, low, Lowe's Fred Prouser/Reuters Continuing the trend that every business becomes an ads business eventually, the home retailer Lowe's is the latest retailer to get in on the act, Insider's Tanya Dua reports.Its new advertising arm, Lowe's One Roof Media Network, offers ads across its website and app. Lowe's is also offering its first-party data for advertisers to target their digital ads outside its properties.Access to lucrative first-party shopping data in a destination where people are just about to make a purchase is key to all the latest retail-media plays.Take DoorDash, which this week formally launched an ad business, Insider's Lauren Johnson and Nancy Luna reported.DoorDash is pitching advertisers on data about its 20 million monthly users like what restaurants people order from and whether they are a first-time or repeat DoorDash user. One interesting aspect to the offer: A small-business owner can pay less to advertise to a consumer who prefers buying from such small businesses, while chains will pay more to reach the same person.Hanging on the telephone A woman using a smartphone. Vladimir Vladimorov "Mobile is eating the world," the former Andreessen Horowitz analyst Benedict Evans presciently said many moons ago.The sentiment continues into 2021. Mobile adtech companies have been among the most active advertising dealmakers this year amid the continued growth in mobile-ad spending as well as Apple's recent privacy changes that limit tracking.The latest such deal: InMobi on Wednesday said it was acquiring the European mobile-analytics company Appsumer, Insider's Ryan Joe reported. Terms of the deal weren't disclosed."Local advertising" - ads specifically targeting local and regional markets - is also going mobile. BIA Advisory Services forecasts that local mobile ad spending will surpass direct mail for the first time in 2022.Here's how BIA predicts the US local ad market will stack up next year:Mobile - $34 billion (+21%)Direct mail - $33.4 billion (+20.7%)PC or laptop - $27.5 billion (+17.1%)Local TV - $21 billion (+13%)Local radio - $12.7 billion (+7.9%)The 90-second slotIn this semiregular corner of the newsletter, we bring you a rapid-fire, 90-second interview with the industry's most influential executives in this week's advertising news.This week, I spoke with Christian Broughton, the managing director of The Independent. The digital-news title this week pledged to increase its climate coverage and set a 2030 net-zero emissions goal. The UK publisher also announced a new petitions website and is piloting an advertising tool that makes use of data clean rooms. The Independent How is The Independent seeking to differentiate itself internationally?We've just given a presentation to mark our 35th anniversary, the theme of which is "Making change happen."The Independent has always been a very purposeful, change-minded news brand, based on the independence of our journalists and crucially the independent-minded readers that we attract.When you look at the climate agenda and you look at the number of brands out there that are presenting themselves as people encouraging and looking for an inclusive way to bring everyone along on climate progress, there is something 100% of The Independent about that. I really do feel that The Independent's time has come.Back in the day, when great journalists like Michael McCarthy and Steve Connor were blazing a trail in climate journalism, other news brands were mocking us for it. But it turns out that they were absolutely right. It makes me very excited to see how many other mainstream brands, from furniture to food, are now looking for a climate purpose.If there was one key marketing objective that you want to achieve next year, what would be your biggest priority?To define ourselves as positive change makers.For example, in the next year we're going to be launching a petitions website called Yourpetitions.com. For years as editor it was the most thrilling moment when readers backed our campaigns, and now we're going to be giving readers the opportunity for us to back their campaigns by allowing them to start their petitions.Recommended readingThe ad giant WPP has suspended three staffers at its Finecast agency amid an investigation after a whistleblower complaint - InsiderFacebook has promoted its EMEA vice president, Nicola Mendelsohn, to lead the company's global business group. She replaces Carolyn Everson, who left the company in June to join Instacart. - CampaignTikTok music marketers are using satisfying hydraulic-press videos and DIY slime posts to amp up engagement with their artists' tracks - InsiderA look inside the "multibillion-dollar dogfight" in the pet-healthcare market - Wall Street JournalReuters says it reviewed thousands of pages of internal documents that show Amazon copied products and rigged its search results to promote its own brands. (In a statement, Amazon sought to cast doubt on the claims but said it had not been provided the documents to review their authenticity.) - ReutersPublicis Groupe posted an 11% increase in organic revenue growth for its third quarter and raised its full-year guidance. The company credited strong performances from its US Epsilon and Publicis Sapient divisions - Ad AgeHeading to Advertising Week New York next week? Make sure to check out all the sessions hosted by the Insider team.That's all for now. See you next week - LaraRead the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 14th, 2021

The supply-chain crisis is wreaking havoc with advertisers" Q4 plans

In this week's Insider Advertising, we're covering the supply-chain crisis, new ad units at Lowe's and DoorDash, and a flurry of mobile ad activity. Hello and welcome back to Insider Advertising, your weekly look at the biggest stories and trends affecting Madison Avenue and beyond. I'm Lara O'Reilly, Insider's media and advertising editor. If this was forwarded to you, sign up here.Have you binged your way through "Squid Game" yet? If not, you're probably in the minority. Netflix said this week that the dystopian Korean-language horror series had become its biggest-ever series launch, with 111 million member households having watched it so far. You can already buy merch from Walmart (bafflingly, no green tracksuits yet), and no doubt we're in for a bunch of awkward memes from brand social-media accounts come Halloween. Red light!Green light! Let's quickly dive into this week's big advertising news before we get eliminated.The supply-chain crisis throws advertisers' Q4 plans into disarrayLowe's and DoorDash launch new ad offeringsMobile adtech consolidation continues apaceI'm in the middle of a chain reaction Ad agencies are scrambling to shift ad plans for clients struggling with supply chain issues like stock shortages. ArtMarie/Getty Images The supply-chain crisis is wreaking havoc on all sorts of industries, not least advertising.Lindsay Rittenhouse, an Insider senior reporter, found that some advertisers were slashing their fourth-quarter budgets by up to 50% - cuts that could carry over into 2022. Some marketers are also scrambling to change their messaging in light of stock shortages.Every agency staffer I've spoken with this week has told me that planning and forecasting have never been harder.The holiday ad season is likely to look very different from typical years, Mindshare UK CEO Jem Lloyd-Williams told me."Supply-chain issues may mean you have fewer people advertising - who haven't got stuff on the shelves, or don't think it's the right thing to do - it may be less cacophonous," he said.Still, he added, for many advertisers, such as automakers, there's an opportunity to double down on advertising designed to build brand awareness and preference, rather than promoting specific products."When everyone else is pulling out of the market, you get a higher share of voice," Lloyd-Williams said.Shawty got low, low, low, low, low, low, low, Lowe's Fred Prouser/Reuters Continuing the trend that every business becomes an ads business eventually, the home retailer Lowe's is the latest retailer to get in on the act, Insider's Tanya Dua reports.Its new advertising arm, Lowe's One Roof Media Network, offers ads across its website and app. Lowe's is also offering its first-party data for advertisers to target their digital ads outside its properties.Access to lucrative first-party shopping data in a destination where people are just about to make a purchase is key to all the latest retail-media plays.Take DoorDash, which this week formally launched an ad business, Insider's Lauren Johnson and Nancy Luna reported.DoorDash is pitching advertisers on data about its 20 million monthly users like what restaurants people order from and whether they are a first-time or repeat DoorDash user. One interesting aspect to the offer: A small-business owner can pay less to advertise to a consumer who prefers buying from such small businesses, while chains will pay more to reach the same person.Hanging on the telephone A woman using a smartphone. Vladimir Vladimorov "Mobile is eating the world," the former Andreessen Horowitz analyst Benedict Evans presciently said many moons ago.The sentiment continues into 2021. Mobile adtech companies have been among the most active advertising dealmakers this year amid the continued growth in mobile-ad spending as well as Apple's recent privacy changes that limit tracking.The latest such deal: InMobi on Wednesday said it was acquiring the European mobile-analytics company Appsumer, Insider's Ryan Joe reported. Terms of the deal weren't disclosed."Local advertising" - ads specifically targeting local and regional markets - is also going mobile. BIA Advisory Services forecasts that local mobile ad spending will surpass direct mail for the first time in 2022.Here's how BIA predicts the US local ad market will stack up next year:Mobile - $34 billion (+21%)Direct mail - $33.4 billion (+20.7%)PC or laptop - $27.5 billion (+17.1%)Local TV - $21 billion (+13%)Local radio - $12.7 billion (+7.9%)The 90-second slotIn this semiregular corner of the newsletter, we bring you a rapid-fire, 90-second interview with the industry's most influential executives in this week's advertising news.This week, I spoke with Christian Broughton, the managing director of The Independent. The digital-news title this week pledged to increase its climate coverage and set a 2030 net-zero emissions goal. The UK publisher also announced a new petitions website and is piloting an advertising tool that makes use of data clean rooms. The Independent How is The Independent seeking to differentiate itself internationally?We've just given a presentation to mark our 35th anniversary, the theme of which is "Making change happen."The Independent has always been a very purposeful, change-minded news brand, based on the independence of our journalists and crucially the independent-minded readers that we attract.When you look at the climate agenda and you look at the number of brands out there that are presenting themselves as people encouraging and looking for an inclusive way to bring everyone along on climate progress, there is something 100% of The Independent about that. I really do feel that The Independent's time has come.Back in the day, when great journalists like Michael McCarthy and Steve Connor were blazing a trail in climate journalism, other news brands were mocking us for it. But it turns out that they were absolutely right. It makes me very excited to see how many other mainstream brands, from furniture to food, are now looking for a climate purpose.If there was one key marketing objective that you want to achieve next year, what would be your biggest priority?To define ourselves as positive change makers.For example, in the next year we're going to be launching a petitions website called Yourpetitions.com. For years as editor it was the most thrilling moment when readers backed our campaigns, and now we're going to be giving readers the opportunity for us to back their campaigns by allowing them to start their petitions.Recommended readingThe ad giant WPP has suspended three staffers at its Finecast agency amid an investigation after a whistleblower complaint - InsiderFacebook has promoted its EMEA vice president, Nicola Mendelsohn, to lead the company's global business group. She replaces Carolyn Everson, who left the company in June to join Instacart. - CampaignTikTok music marketers are using satisfying hydraulic-press videos and DIY slime posts to amp up engagement with their artists' tracks - InsiderA look inside the "multibillion-dollar dogfight" in the pet-healthcare market - Wall Street JournalReuters says it reviewed thousands of pages of internal documents that show Amazon copied products and rigged its search results to promote its own brands. (In a statement, Amazon sought to cast doubt on the claims but said it had not been provided the documents to review their authenticity.) - ReutersPublicis Groupe posted an 11% increase in organic revenue growth for its third quarter and raised its full-year guidance. The company credited strong performances from its US Epsilon and Publicis Sapient divisions - Ad AgeHeading to Advertising Week New York next week? Make sure to check out all the sessions hosted by the Insider team.That's all for now. See you next week - LaraRead the original article on Business Insider.....»»

Category: worldSource: nytOct 14th, 2021

It can take years for Google Maps to update certain features - here"s how they get the data to update Street View, traffic, and more

Google Maps makes small updates every day, but Street View and other real-life maps might only update every few years. Updating Google Maps takes a massive amount of data. Alyssa Powell/Insider Google Maps makes small updates every day, but Street View and other real-life maps might only update every few years. Some Google Maps features, like traffic and directions, can update in real-time. How often Google Maps updates in your city depends on how many people live near you. Visit Insider's Tech Reference library for more stories. From live traffic reports to high-quality satellite images, Google Maps has dozens of features that change and update regularly. But updating every map every day would take trillions of dollars by itself - this means that while some users will notice new updates often, other users might have to wait years for new content.Insider reached out to Google to ask how often they update five major Google Maps features: Street View, satellite images, street names and routes, business names and information, and traffic and road closures.Here's everything to know about how often Google updates, including what it might mean if you're not seeing updates near you.How often does Google Maps update?There's one general rule to Google Maps' updates: Places where more people live get updated more often. In a Maps 101 blog, Google Maps' Technical Program Manager Matt Manolides says that "Overall [their] goal is to keep densely populated places refreshed on a regular basis." In other words, while New York City might receive updates every week, the deep forests of northern Maine might go years without.But as we'll go over below, individual users have a surprising amount of influence over the maps in their area.Street ViewStreet View - the feature that lets you see actual on-the-ground photos of nearly any location in the US and beyond - is possibly Google Maps' most famous feature. According to Google, it's also one of the most difficult features to keep up-to-date.In general, Google tries to take new Street View photos in major cities once every year. Less populated areas can probably expect new photos every three years or so - but don't be surprised if it takes even longer. Quick tip: If you're using Street View on the Google Maps website, you can see exactly when the current picture was taken by looking at the bottom-right corner of the screen. Look at the corner to see when the Street View photo was taken. Google; William Antonelli/Insider Although it's not heavily advertised, the Street View team actually keeps a public list of places they plan to visit in dozens of countries across the world. You can find that list in the Where we're headed section of this webpage. Just be aware that the dates they give are broad estimates - don't expect an exact day and time. And even if Google takes new photos of your town, they might not use them if the old ones are still accurate. Google gives a general timeframe for when they'll be taking photos. Google Satellite imagesAlthough it's not active by default, you can set Google Maps to show you real overhead imagery of any location on Earth. These pictures are taken by both satellites and airplanes flying overhead, and are then "stitched together" to make maps. This process takes a massive amount of time and work from humans and machines alike. Like with Street View, Google prioritizes updating "the places that are changing the most," says Manolides. This means that big cities should see updates every year, medium-sized cities every two years, and it could take three years or longer for more obscure areas. A map of Manhattan with the satellite layer turned on (right) and off (left). Google And of course, Google doesn't update the entire world in one go. They generally release new satellite data every month, adding whichever images they have ready to go.Occasionally, Google will release new satellite imagery ahead of schedule to mark special occasions. For example, they uploaded new photos of London right at the start of the London 2012 Summer Olympics that showed off the new arenas.Since the majority of Google's overhead images come from third-party sources - "state agencies, geological survey organizations, and commercial imagery providers," as Google communications director Peter Schottenfels wrote in a recent blog - there's no exact schedule for when the updates go live. Like with Street View, you can see which organizations took the pictures by looking at the bottom of the screen. Google Street names and routesGoogle Maps is built to show you all the streets nearby and give accurate directions from one place to another. But with thousands of cities across the world and even more roads, making sure everything stays up-to-date is a big job.Google receives data about streets and roads from a variety of sources. These are mostly government agencies like the United States Geological Survey. But they also accept data from local governments, housing developers, and more. When they visit cities to take pictures, the Street View team also makes note of when real life doesn't match what they have on the map.This means there's not an easy way to predict when streets and roads will be updated. If these third-party agencies are on top of things, new roads and street names should appear quickly. But it's largely up to them to report the changes to Google.If you find that a street doesn't match what Google Maps is showing - maybe it's got the wrong name, or doesn't have the right shape - you can report it to Google yourself. On the website, you can use the Edit the map feature to report misdrawn, misnamed, or even missing roads. You can also right-click the offending road and select Report a data problem. There are multiple ways to report map issues. Google; William Antonelli/Insider Google will review your submission and compare it to their data. If they find that you're right, they'll change it on Google Maps. They take submissions from anyone, but they prioritize reports from Local Guides.Business names and informationWhen you open Google Maps, chances are you'll immediately see the names of dozens of nearby businesses. Select one of them, and you'll probably see what it sells, its hours of operation, and reviews.Unlike other pieces of data, Google rarely updates this information themselves. Instead, they rely on the businesses to upload their own information. If you're the owner of a new business or location, you should sign up for a Google Business account and give them your information to put on the map.But like with street names and routes, any user can report an error. When you find a business with the wrong information, click or tap the Suggest an edit button to submit the right info. Google will review it and update the map if you're right. As long as you're logged into Google, you can submit edits. Google; William Antonelli/Insider Once an error is reported, Google usually corrects it within a week.Traffic and road closuresWhen you ask for directions on Google Maps, it should tell you exactly how much traffic you should expect, how busy the place you're going to is, and any routes that are closed along the way. This all updates in real-time, faster than any other feature. And to do this, Google collects data from a wealth of different sources.Whenever you have Google Maps (or Waze, another Google navigation app) open, unless you've specifically disabled the feature, you're sending anonymous location data to Google. The more people with Google Maps open in one place, the busier Google knows it is. This is also how they calculate traffic: If a hundred phones with Google Maps open are traveling 60 miles per hour and then suddenly stop all at once, Google knows there's a traffic jam. Once you start a route, Google Maps will show you which roads have traffic jams, car accidents, and more. Google And once enough data is collected, Google can use machine learning to predict patterns. For example, Google doesn't need new data to tell you that the Brooklyn Bridge gets crammed with traffic at rush hour - it's happened thousands of times before, so they can predict it'll happen again.Users contribute information actively, too. If you've ridden the New York City subway enough, you're probably used to Google Maps asking you how crowded it is - they do this so they can report the info to other users. Most popular spots on Google Maps will have a live chart showing how busy it is. Google Local governments generally report long-term road closures to Google themselves. But Google also learns from user reports, either on Google Maps or Waze.If you're in a high-population area, you should expect Google's real-time traffic stats to be incredibly accurate.How to draw a route on Google Maps to create custom directions or plan a tripHow to use latitude and longitude in Google Maps to get the coordinates of a specific place or find a locationHow to turn on dark mode in Google Maps on your iPhone or AndroidHow to download maps from Google Maps to get driving directions offlineRead the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 11th, 2021

France & The Fraying Of NATO

France & The Fraying Of NATO Authored by Gary Leupp via Counterpunch.org, Biden has infuriated France by arranging the agreement to provide nuclear-powered submarines to Australia. This replaces a contract to purchase a fleet of diesel-powered subs from France. Australia will have to pay penalties for breach of contract but the French capitalists will lose around 70 billion dollars. The perceived perfidy of both Canberra and Washington has caused Paris to compare Biden to Trump. The UK is third partner in the agreement so expect post-Brexit Franco-British relations to deteriorate further. This is all good, in my opinion! It’s also a good thing that Biden’s withdrawal of U.S. troops from Afghanistan was poorly orchestrated with the lingering “coalition partners” such as Britain, French and Germany, producing angry criticism. It’s great that the British prime minister proposed to France a “Coalition of the Willing” to continue the fight in Afghanistan following the U.S. withdrawal—and better that it was dead in the water. (Maybe the French better than the Brits remember the Suez Crisis of 1956, the disastrous joint Anglo-French-Israeli effort to reimpose imperialist control over the canal. Not only did it lack U.S. participation; Eisenhower rationally shut it down after warnings from the Egyptians’ Soviet advisors.) It’s good that these three countries heeded the U.S. command to uphold their NATO promise to stand with the U.S. when attacked; that they lost over 600 troops in a fruitless effort; and that in the end the U.S. didn’t see fit to even involve them in the end plans. It’s good to wake up to the fact that the U.S. imperialists could care less about their input or their lives. but only demand their obedience and sacrifice. It’s wonderful that Germany, despite obnoxious U.S. opposition, has maintained its involvement in the Nordstream II natural gas pipeline project along with Russia. The last three U.S. administrations have opposed the pipeline, claiming it weakens the NATO alliance and helps Russia (and urging purchase of more expensive U.S. energy sources instead—to enhance mutual security, don’t you see). The Cold War arguments have fallen on deaf ears. The pipeline was completed last month. Good for global free trade and for national sovereignty, and a significant European blow to U.S. hegemony. It’s great that Trump in Aug. 2019 raised the ridiculous prospect of purchasing Greenland from Denmark, indifferent to the fact that Greenland is a self-governing entity, within the Kingdom of Denmark. (It is 90% Inuit, and led by political parties pressing for greater independence.) It’s marvelous that when the Danish prime minister gently, with good humor, refused his ignorant, insulting and racist proposal, he exploded in rage and cancelled his state visit including state dinner with the queen. He offended not only the Danish state but popular opinion throughout Europe with his boorishness and colonial arrogance. Excellent. Trump personally, needlessly insulted the prime minister of Canada and the chancellor of Germany with the same childish language he’d used against political opponents. He raised questions in Europeans’ and Canadians’ minds about the value of an alliance with such vileness. That was a major historical contribution. Good also that, in Libya in 2011, Hillary Clinton working with the French and British leaders secured UN approval for a NATO mission to protect civilians in Libya. And that, when the U.S.-led mission exceeded the UN resolution and waged full-out war to topple the Libyan leader, enraging China and Russia who called out the lie, some NATO nations declined to participate or turned back in disgust. Another U.S. imperialist war based on lies creating disorder and flooding Europe with refugees. It was good only in the fact that it exposed once again the utter moral bankruptcy of the U.S.A. so widely now associated with images of Abu Ghraib, Bagram, and Guantanamo. All in the name of NATO. *  *  * Over the last two decades, with the Soviet Union and “communist threat” receding memories, the U.S. has systematically expanded this anti-Soviet, anti-communist postwar alliance called NATO to surround Russia. Any unprejudiced person looking at a map can understand Russia’s concern. Russia spends about a fifth of what the U.S. and NATO spend on military expenses. Russia is not a military threat to Europe or North America. So—the Russians have been asking since 1999, when Bill Clinton broke his predecessor’s promise to Gorbachev and resumed NATO expansion by adding Poland, Hungary and Czechoslovakia—why do you keep trying to expend to surround us? Meanwhile more and more Europeans are doubting the leadership of the United States. That means doubting the purpose and value of NATO. Formed to confront an imaginary Soviet invasion of “western” Europe, it was never deployed in war during the Cold War. Its first war indeed was the Clintons’ war on Serbia in 1999. This conflict, which severed the Serbian historical heartland from Serbia to create the new (dysfunctional) state of Kosovo, has since been repudiated by participants Spain and Greece who note that the UN resolution authorizing a “humanitarian” mission in Serbia explicitly stated that the Serbian state remain undivided. Meantime (after the bogus “Rambouillet agreement” was signed) the French foreign minister complained that the U.S. was acting like a hyper-pouissance (“hyperpower” as opposed to mere superpower). The future of NATO lies with the U.S., Germany, France and the UK. The last three were long members of the EU, which while a rival trading bloc generally coordinated policies with NATO. NATO has overlapped the EU such that virtually all of the countries admitted to the military alliance since 1989 have first joined NATO, then the EU. And within the EU—which is after all, a trading bloc that competes with North America—the UK long served as a kind of U.S. surrogate urging cooperation with Russian trade boycotts, etc. Now the U.K. has split from the EU, unavailable to, say, pressure Germany to avoid deals with the Russians Washington opposes. Good! Germany has a number of reasons to want to increase trade with Russia and has now shown the will to stand up to the U.S. Germany and France both challenged George W. Bush’s Iraq war based on lies. We should not forget how Bush (promoted lately as a statesman by the Democrats!) rivaled his successor Trump as a vulgar, lying buffoon. And if Obama seemed a hero in contrast, his magnetism ebbed as Europeans learned that they were all being monitored by the National Security Agency, and that the calls of Angela Merkel and the Pope were bugged. This was the land of freedom and democracy, always boasting about liberating Europe from the Nazis and expecting eternal payoff in the form of bases and political deference. It has been 76 years since the fall of Berlin (to the Soviets, as you know, not to the U.S.); 72 since the founding of the North Atlantic Treaty Organization (NATO); 32 since the fall of the Berlin Wall and the promise by George W. H. Bush to Gorbachev NOT to expand NATO further; 22 since the resumption of NATO expansion; 22 since the U.S.-NATO war on Serbia including the aerial bombing of Belgrade; 20 since NATO went to war at U.S. behest in Afghanistan, resulting in ruin and failure; 13 years since the U.S. recognized Kosovo as an independent country, and NATO announced the near-term admission of Ukraine and Georgia, resulting in the brief Russo-Georgia War and Russian recognition of the states of South Ossetia and Abkhazia; 10 years since the grotesque NATO mission to destroy and sew chaos in Libya, producing more terror throughout the Sahel and tribal and ethnic violence in the crumbling country, and producing more waves of refugees; 7 since the bold, bloody U.S.-backed putsch in Ukraine that placed a pro-NATO party in power, provoking the ongoing rebellion among ethnic Russians in the east and obliging Moscow to re-annex the Crimean Peninsula, inviting unprecedented ongoing U.S. sanctions and U.S. pressure on allies to comply; 5 since a malignant narcissist moron won the U.S. presidency and soon alienated allies by his pronouncements, insults, evident ignorance, a belligerent approach, raising questions in a billion minds about the mental stability and judgment of the voters of this country; 1 year since a career warmonger who has long vowed to expand and strengthen NATO, who became the Obama administration’s point man on Ukraine after the 2014 coup, his mission being to clean up corruption to prepare Ukraine for NATO membership (and who is the father of Hunter Biden who famously sat on the board of Ukraine’s leading gas company 2014-2017 making millions for no apparent reason or work done) became president. 1 year since the world saw repeatedly on TV the 9 minute video of an open, public police lynching on the streets of Minneapolis, surely many among the views wondering what right this racist nation has to lecture China or anyone on human rights. 9 months since the U.S. capitol was stormed by U.S. brown shirts brandishing Confederate flags and fascist symbols and calling for the hanging of Trump’s vice president for treason. It is a long record of terrifying Europe with seemingly unstable leaders (Bush no less than Trump); harassing Europe with demands it minimizes trade with Russia and China and obey U.S. rules on Iran, and demanding participation in its imperialist wars far from the North Atlantic to Central Asia and Northern Africa. It is also a record of provoking Russia while expanding the anti-Russian juggernaut. It has meant actually using NATO militarily (as in Serbia, Afghanistan, and Libya) to cement the military alliance under U.S. direction, the stationing of 4000 U.S. troops in Poland, and threatening flights in the Baltic. Meanwhile, multiple U.S. agencies work overtime to plot “color revolutions” in the counties bordering Russia: Belarus, Georgia, Ukraine. NATO is dangerous and evil. It should be terminated. Opinion polls in Europe suggest a rise in NATO skepticism (good in itself) and opposition (better). It was already split seriously once: in 2002-2003 over the Iraq War. Indeed the manifest criminality of the Iraq War, the obvious willingness of the Americans to use disinformation, and the buffoonic personality of the U.S. president probably shocked Europe as much as the beastly Trump. The amusing thing is that Biden and Blinken, Sullivan and Austin, all seem to think none of this happened. They really seem to think that the world respects the United States as the (natural?) leader of something called the Free World —of nations committed to “democracy.” Blinken tells us and Europeans we’re confronting, “autocracy” in the form of China, Russia, Iran, North Korea, Venezuela all threatening us and our values. They seem think they can return to the 1950s, explain their moves as reflections of “American Exceptionalism,” posture as champions of “human rights,” cloak their interventions as “humanitarian missions,” and arm-twist their client-states into joint action. At present NATO is being pushed by Biden to identify (as it did in its last communique) the PRC as a “security threat” to Europe. But the reference to China was controversial. And NATO is divided on the matter of China. Some states do not see much of a threat and have every reason to expand ties with China, especially with the advent of the Belt and Road projects. They know that China’s GDP will soon exceed that of the U.S. and that the U.S. is not the economic superpower it was after the war when it established its hegemony over most of Europe. It has lost much of its basic strength but, like the Spanish Empire in the eighteenth century, none of its arrogance and brutality. Even after all the exposure. Even after all the shame. Biden flashing his trained smile announces “America is back!” expecting the world—especially “our allies”—to delight in the resumption of normalcy. But Biden should recall the stony silence that met Pence’s announcement at the Munich Security Conference in February 2019 when he conveyed Trump’s greetings. Do not these U.S. leaders not realize that in this century Europe’s GDP has come to match the U.S.’s? And that few people believe that the U.S. “saved” Europe from the Nazis, and then staved off the Soviet Communists, and revived Europe with the Marshall Plan, and continues to this day to protect Europe from the Russia that threatens to march west at any moment? Blinken wants to pick up and move on and lead the world forward. Back to normal! Sound, reliable U.S.leadership is back! Oh really? the French might ask. Stabbing a NATO ally in the back, sabotaging a signed $66 billion deal with far-off Australia? “Doing,” as the French foreign minister put it, “something Mr. Trump would do”? Not only France but the EU has denounced the U.S.-Australia deal. Some NATO members question how the Atlantic Alliance is served by a business dispute between members that pertains to what the Pentagon calls the “Indo-Pacific” region. And why—when the U.S. is attempting to secure NATO’s participation in a strategy of containing and provoking Beijing—it is not bothering to coordinate with France? Is Blinken unaware that France is an imperialist country with vast holdings in the Pacific? Does he know about the French naval facilities at Papeete, Tahiti, or the army, navy and air force bases in New Caledonia? The French conducted their nuclear blasts at Mururora, for god’s sake. As an imperialist country, does not France have the same right as the U.S. to gang up on China with Australia, in France’s corner of the Pacific? And if its close ally the U.S. decides to undermine the deal, should not etiquette have dictated that it at least inform its “oldest ally” about its intentions? The French condemnation of the submarines deal has been unprecedentedly sharp, in part, I imagine, due to the implicit disparagement of France as a great power. If the U.S. is urging its allies to join with it in confronting China, why does it not consult with France about an arms deal designed to do that, especially when it supplants one already openly negotiated by a NATO ally? Isn’t it clear that Biden’s appeals for “alliance unity” mean uniting, behind U.S. leadership around preparations for war on China? Gradually NATO is fraying. Again, this is a very good thing. I had worried that Biden would quickly work to integrate Ukraine into the alliance, but Merkel seems to have told him no. Europeans don’t want to be dragged into another U.S. war, especially against their great neighbor whom they know much better than Americans and have every reason to befriend. France and Germany, who (recall) opposed the U.S. war-based-on-lies on Iraq in 2003, are finally losing patience with the alliance and wondering what membership means other than joining with the U.S. in its quarrels with Russia and China. Tyler Durden Thu, 10/07/2021 - 02:00.....»»

Category: blogSource: zerohedgeOct 7th, 2021

The 10 best translated books on the National Book Awards" 2021 longlist

The National Book Awards' translated literature longlist includes international works published in Spanish, Chinese, French, Korean, Arabic, and more. When you buy through our links, Insider may earn an affiliate commission. Learn more. The National Book Awards' longlist for best translated books includes international titles that were originally published in Spanish, Chinese, French, Korean, Arabic, German, and Russian. Amazon; Rachel Mendelson/Insider The National Book Awards translated literature longlist for 2021 was recently announced. The books were originally published in 7 different languages including Spanish, French, and Chinese. Want more books? Check out the 2021 National Book Award longlists for fiction and poetry. The best translated literature in 2021, according to the National Book Award's panel of five judges, spans both the globe and genres.The judges announced the translated literature longlist this week, which celebrated international works that were originally published in seven different languages: Arabic, Chinese, French, German, Korean, Russian, and Spanish. The books span a multitude of genres too, from fictional short stories to creative nonfiction. In Nona Fernández's "The Twilight Zone", a member of the Chilean secret police walks into a dissident magazine office and confesses to some of the worst crimes committed under the Pinochet dictatorship, kicking off the narrator's lifelong obsession with "the man who tortured people." "An Inventory of Losses" catalogs 12 extinct things - from tigers to islands - while "In Memory of Memory" examines the fallibility and impact of memory, lore, and national history. And history and mythology blend together as a woman named Xiumi campaigns for autonomy in Ge Fei's "Peach Blossom Paradise" during China's Hundred Days' Reform. Below, you'll find all 10 titles that made it onto the 2021 translated literature longlist. The shortlist of the top five will come out on October 5, and the winner will be announced on November 17.The 10 books on the 2021 National Book Award longlist for translated literature:Descriptions are provided by Amazon and edited lightly for length and clarity. "Waiting for the Waters to Rise" by ​​Maryse Condé and translated from French by Richard Philcox Bookshop "Waiting for the Waters to Rise" by ​​Maryse Condé and translated from French by Richard Philcox, available on Amazon and Bookshop from $15.63Babakar is a doctor living alone, with only the memories of his childhood in Mali. In his dreams, he receives visits from his blue-eyed mother and his ex-lover Azelia, both now gone, as are the hopes and aspirations he's carried with him since his arrival in Guadeloupe. Until, one day, the child Anaïs comes into his life, forcing him to abandon his solitude. Anaïs's Haitian mother died in childbirth, leaving her daughter destitute ― now Babakar is all she has, and he wants to offer this little girl a future. Together they fly to Haiti, a beautiful, mysterious island plagued by violence, government corruption, and rebellion. Once there, Babakar and his two friends, the Haitian Movar and the Palestinian Fouad, three different identities looking for a more compassionate world, begin a desperate search for Anaïs's family. "Winter in Sokcho" by Elisa Shua Dusapin and translated from French by Aneesa Abbas Higgins Bookshop "Winter in Sokcho" by Elisa Shua Dusapin and translated from French by Aneesa Abbas Higgins, available on Amazon and Bookshop from $13.75It's winter in Sokcho, a tourist town on the border between South and North Korea. The cold slows everything down. Bodies are red and raw, the fish turn venomous, and beyond the beach, guns point out from the North's watchtowers. A young French-Korean woman works as a receptionist in a tired guesthouse. One evening, an unexpected guest arrives: A French cartoonist determined to find inspiration in this desolate landscape.The two form an uneasy relationship. When she agrees to accompany him on trips to discover an "authentic" Korea, they visit snowy mountaintops and dramatic waterfalls and cross into North Korea. But he takes no interest in the Sokcho she knows ― the gaudy neon lights, the scars of war, the fish market where her mother works. As she's pulled into his vision and taken in by his drawings, she strikes upon a way to finally be seen. "Peach Blossom Paradise" by Ge Fei and translated from Chinese by Canaan Morse Bookshop "Peach Blossom Paradise" by Ge Fei and translated from Chinese by Canaan Morse, available on Amazon and Bookshop from $16.51In 1898, reformist intellectuals in China persuaded the young emperor that it was time to transform his sclerotic empire into a prosperous modern state. The Hundred Days' Reform that followed was a moment of unprecedented change and extraordinary hope — brought to an abrupt end by a bloody military coup. Dashed expectations would contribute to the revolutionary turn that Chinese history would soon take, leading in time to the deaths of millions."Peach Blossom Paradise," set at the time of the reform, is the story of Xiumi, the daughter of a wealthy landowner and former government official who falls prey to insanity and disappears. Days later, a man with a gold cicada in his pocket turns up at his estate and is inexplicably welcomed as a relative. This mysterious man has a great vision of reforging China as an egalitarian utopia, and he will stop at nothing to make it real.It is his own plans, however, which come to nothing, and his "little sister" Xiumi is left to take up arms against a Confucian world in which women are chattel. Her campaign for change and her struggle to seize control over her own body are continually threatened by the violent whims of men who claim to be building paradise. "The Twilight Zone" by Nona Fernández and translated from Spanish by Natasha Wimmer Bookshop "The Twilight Zone" by Nona Fernández and translated from Spanish by Natasha Wimmer, available on Amazon and Bookshop from $13.99It is 1984 in Chile, in the middle of the Pinochet dictatorship. A member of the secret police walks into the office of a dissident magazine and finds a reporter, who records his testimony. The narrator of Nona Fernández's mesmerizing and terrifying novel "The Twilight Zone" is a child when she first sees this man's face on the magazine's cover with the words "I Tortured People." His complicity in the worst crimes of the regime and his commitment to speaking about them haunt the narrator into her adulthood and career as a writer and documentarian.Like a secret service agent from the future, through extraordinary feats of the imagination, Fernández follows the "man who tortured people" to places that archives can't reach, into the sinister twilight zone of history where morning routines, a game of chess, Yuri Gagarin, and the eponymous TV show of the novel's title coexist with the brutal yet commonplace machinations of the regime.Note: Author Nona Fernández and translator Natasha Wimmer were also made the National Book Award longlist in 2019 with "Space Invaders." "On the Origin of Species and Other Stories" by Bo-Young Kim and translated from Korean by Joungmin Lee Comfort and Sora Kim-Russell Bookshop "On the Origin of Species and Other Stories" by Bo-Young Kim and translated from Korean by Joungmin Lee Comfort and Sora Kim-Russell, available on Amazon and Bookshop from $16.39Straddling science fiction, fantasy, and myth, the writings of award-winning author Bo-Young Kim have garnered a cult following in South Korea, where she is widely acknowledged as a pioneer and inspiration. "On the Origin of Species" makes available for the first time in English some of Kim's most acclaimed stories, as well as an essay on science fiction. Her strikingly original, thought-provoking work teems with human and non-human beings, all of whom are striving to survive through evolution, whether biologically, technologically, or socially. Kim's literature of ideas offers some of the most rigorous and surprisingly poignant reflections on posthuman existence being written today. "When We Cease to Understand the World" by Benjamín Labatut and translated from Spanish by Adrian Nathan West Bookshop "When We Cease to Understand the World" by Benjamín Labatut and translated from Spanish by Adrian Nathan West, available on Amazon and Bookshop from $16.16Fritz Haber, Alexander Grothendieck, Werner Heisenberg, Erwin Schrödinger — these are some of the luminaries into whose troubled lives Benjamín Labatut thrusts the reader, showing us how they grappled with the most profound questions of existence. They have strokes of unparalleled genius, alienate friends and lovers, descend into isolation and insanity. Some of their discoveries reshape human life for the better; others pave the way to chaos and unimaginable suffering. The lines are never clear.At a breakneck pace and with a wealth of disturbing detail, Labatut uses the imaginative resources of fiction to tell the stories of the scientists and mathematicians who expanded our notions of the possible.Note: This book was also shortlisted for the 2021 International Booker Prize. "Rabbit Island: Stories" by Elvira Navarro and translated from Spanish by Christina MacSweeney Bookshop "Rabbit Island: Stories" by Elvira Navarro and translated from Spanish by Christina MacSweeney, available on Amazon and Bookshop from $16.79These 11 stories combine gritty surrealism with explosive interior meditations, traversing the fickle, often terrifying terrain between madness and freedom. In the title story, a so-called "non-inventor" brings snow-white rabbits to an island inhabited exclusively by birds, with horrific results.In "Myotragus" a privileged man's understanding of the world is violently disrupted by the sight of a creature long thought extinct. Elsewhere in these stories that map dingy hotel rooms, shape-shifting cities, and graveyards, an unsightly "paw" grows from a writer's earlobe and a grandmother floats silently in the corner of the room. "An Inventory of Losses" by Judith Schalansky and translated from German by Jackie Smith Bookshop "An Inventory of Losses" by Judith Schalansky and translated from German by Jackie Smith, available on Amazon and Bookshop from $16.95Each disparate object described in this book ― a Caspar David Friedrich painting, a species of tiger, a villa in Rome, a Greek love poem, an island in the Pacific ― shares a common fate: It no longer exists, except as the dead-end of a paper trail. Recalling the works of W. G. Sebald, Bruce Chatwin, or Rebecca Solnit, "An Inventory of Losses" is a beautiful evocation of 12 specific treasures that have been lost to the world forever, and, taken as a whole, opens mesmerizing new vistas of how we can think about extinction and loss.With meticulous research and a vivid awareness of why we should care about these losses, Judith Schalansky, the acclaimed author of "Atlas of Remote Islands," lets these objects speak for themselves: She ventriloquizes the tone of other sources, burrows into the language of contemporaneous accounts, and deeply interrogates the very notion of memory. "In Memory of Memory" by Maria Stepanova and translated from Russian by Sasha Dugdale Bookshop "In Memory of Memory" by Maria Stepanova and translated from Russian by Sasha Dugdale, available on Amazon and Bookshop from $16.91With the death of her aunt, the narrator is left to sift through an apartment full of faded photographs, old postcards, letters, diaries, and heaps of souvenirs: A withered repository of a century of life in Russia. Carefully reassembled with calm, steady hands, these shards tell the story of how a seemingly ordinary Jewish family somehow managed to survive the myriad persecutions and repressions of the last century.In dialogue with writers like Roland Barthes, W. G. Sebald, Susan Sontag, and Osip Mandelstam, "In Memory of Memory" is imbued with rare intellectual curiosity and a wonderfully soft-spoken, poetic voice. Dipping into various forms ― essay, fiction, memoir, travelogue, and historical documents ― Stepanova assembles a vast panorama of ideas and personalities and offers an entirely new and bold exploration of cultural and personal memory.Note: This book was also shortlisted for the 2021 International Booker Prize. "Planet of Clay" by Samar Yazbek and translated from Arabic by Leri Price Bookshop "Planet of Clay" by Samar Yazbek and translated from Arabic by Leri Price, available on Amazon and Bookshop from $15.63Rima, a young girl from Damascus, longs to walk, to be free to follow the will of her feet, but instead is perpetually constrained. Rima finds refuge in a fantasy world full of colored crayons, secret planets, and "The Little Prince," reciting passages of the Qur'an like a mantra as everything and everyone around her is blown to bits. One day while taking a bus through Damascus, a soldier opens fire and her mother is killed. Rima, wounded, is taken to a military hospital before her brother leads her to the besieged area of Ghouta ― where, between bombings, she writes her story. In "Planet of Clay," Samar Yazbek offers a surreal depiction of the horrors taking place in Syria, in vivid and poetic language and with a sharp eye for detail and beauty.Note: Leri Price was previously recognized by the National Book Award in 2019 for translating "Death Is Hard Work" by Khaled Khalifa.  Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 27th, 2021

How to track changes and add comments in Google Docs using Suggesting mode

You can track changes and add comments to your document in Google Docs by switching to Suggesting mode. Tracking changes in Google Docs is a great way to collaborate on projects. Klaus Vedfelt/Getty Images You can track changes in Google Docs by using Suggesting mode. Collaborators with Commenter or Editor permissions can use Suggesting mode, however only editors can accept or reject changes. Comments are another way to communicate with collaborators and flag any sections that need work. Visit Insider's Tech Reference library for more stories. Google Docs is a helpful tool when working with collaborators, as it allows everyone to view the file simultaneously and see edits in real time. Gone are the days of having to save and share multiple versions of the same file - with Google Docs, everyone has access to the most updated version. If you like using Track Changes in Microsoft Word, there's a similar feature in Google Docs called Suggesting mode. Suggesting mode has the added benefit of allowing editors to see proposed changes in real time and accept them or reject them in a more seamless, efficient manner. Table of Contents: Masthead StickyHow to track changes in Google Docs using Suggesting mode When you're working with other people on the same Google Doc, Suggesting mode is a helpful way for people to make edits without deleting the original text. If you're familiar with Track Changes in Microsoft Word, it's pretty much the same thing, however with Google Docs changes can be made and accepted in real time, rather than having to save and share multiple versions of a document.Here's how to use Suggesting mode to track changes in Google Docs. On the Google Docs website:1. Open a file on Google Docs.2. Click the pencil icon on the right side of the toolbar, then click Suggesting. Users with Commenter capabilities can only use Suggesting mode. Abigail Abesamis Demarest Quick tip: If you don't have Commenter or Editor permissions, you need to click Request edit access and wait for the file owner to change your permissions.3. Add, rearrange, or delete text in the document. Your suggestions will be highlighted in green, with details on the suggested changes appearing with a timestamp in the right margin. Suggesting mode allows collaborators to make changes to the Google Doc while preserving the original text until edits are accepted. Abigail Abesamis Demarest Quick tip: You can write a comment to accompany your edits. Simply click on the box detailing your change, type in the text box, then click Reply.4. If you have editing capabilities, click the check mark icon to accept suggested changes or the "X" icon to reject them.On the Google Docs mobile app:1. Open a file on the Google Docs app for iPhone, iPad, or Android.2. Tap the More icon (it looks like three dots) in the top-right corner. Here, you can also use tools like "Find and replace" and "Word count." Abigail Abesamis Demarest 3. Tap the slider next to Suggest changes to turn on the feature. The switch turns blue when "Suggest changes" is on. Abigail Abesamis Demarest 4. Make changes to the document, then tap the check mark in the top-right corner when you're finished.How to share a document to get other people's suggestionsWhen sharing a Google Doc, you can set permissions for collaborators to control who can make or accept edits, who can just leave comments, and who can only view the document.1. Open a file on Google Docs.2. Click the Share button in the top-right corner of the screen.3. Add specific people or groups and set their permissions to Viewer, Commenter, or Editor. Write them a message (optional), then click Send. This will send collaborators an email with a link to the Google Doc. Share your Google Doc with collaborators via email using this option. Abigail Abesamis Demarest Quick tip: You only need to give other users Commenter permissions for them to access Suggesting mode. Commenters cannot accept or reject suggested changes, only editors can do that.4. Alternatively, get a link to share with collaborators by clicking Change underneath Get Link. Set the permissions to Viewer, Commenter, or Editor. Click Copy link, then share the link in an email, text message, or however you want. To prevent having to enter in the name of every collaborator or individually granting edit access, consider using a universal link. Abigail Abesamis Demarest Quick tip: Of the two share options, the first method (detailed in step 3) gives you, the file owner, more control over who can access your file. Anyone not added to the list will need to request edit access from you to view the document.How to use comments in Google DocsComments are a helpful way to communicate with collaborators within a Google Doc without having to make notes within the text itself.Add and edit comments:1. Open a file on Google Docs.2. Highlight the section of text you want to comment on, then click the Add Comment icon on the right margin or in the toolbar. The "Add Comment" icon looks like a speech bubble with a plus sign inside it. Abigail Abesamis Demarest 3. Type your comment in the comment box, then click Comment. You can tag specific users in a comment by typing the at @ symbol, then entering their email address. Abigail Abesamis Demarest Reply to comments:1. Click on the comment you want to reply to.2. Enter your reply in the text box that appears below the comment, then click Reply. Replying to comments allows you to have a discussion with fellow collaborators without interrupting the flow of the text in the Google Doc. Abigail Abesamis Demarest Resolve comments:If you are an editor, click the check mark on a comment. This will resolve the comment and hide any comments underneath the original one. If there's a specific collaborator you want to flag for a section in a Google Doc, you can assign them a task via a comment. The check mark accepts the suggested change or resolves the comment. Abigail Abesamis Demarest Quick tip: The owner of a Google Doc will receive email updates on comments, suggested changes, and whether those changes are accepted or rejected. If there are several updates within a short time span, they will be sent together in a summary email.How to use version history and compare documentsGoogle Docs makes it simple to view past versions of a file without having to save multiple versions. Simply click the Last edit was link at the top of the page to view or restore a previous version. For example, if a section was deleted from a Google Doc early on and you want to add that section back in, you can copy it from a past version and paste it into the current version. Past versions of a Google Doc are labeled with timestamps. Abigail Abesamis Demarest There's also a new tool called Compare documents that allows you to see the differences between two documents. To access it, click Tools, then Compare documents. If you have multiple editors on your document, saving a separate version of the original will allow you to compare the differences between that and the final document. How to create a Google doc on your computer or mobile deviceHow to edit Google Docs offline on your computer or smartphoneHow to insert a text box or custom shape in Google DocsHow to print directly from Google Docs on any deviceRead the original article on Business Insider.....»»

Category: worldSource: nytSep 24th, 2021

Futures Slide Alongside Cryptocurrencies Amid China Crackdown

Futures Slide Alongside Cryptocurrencies Amid China Crackdown US futures and European stocks fell amid ongoing nerves over the Evergrande default, while cryptocurrency-linked stocks tumbled after the Chinese central bank said such transactions are illegal. Sovereign bond yields fluctuated after an earlier selloff fueled by the prospect of tighter monetary policy. At 745am ET, S&P 500 e-minis were down 19.5 points, or 0.43%, Nasdaq 100 e-minis were down 88.75 points, or 0.58% and Dow e-minis were down 112 points, or 0.33%. In the biggest overnight news, Evergrande offshore creditors remain in limbo and still haven't received their coupon payment effectively starting the 30-day grace period, while also in China, the State Planner issued a notice on the crackdown of cryptocurrency mining, will strictly prohibit financing for new crypto mining projects and strengthen energy consumption controls of new crypto mining projects. Subsequently, the PBoC issued a notice to further prevent and dispose of the risks from speculating on cryptocurrencies, to strengthen monitoring of risks from crypto trading and such activities are illegal. The news sent the crypto space tumbling as much as 8% while cryptocurrency-exposed stocks slumped in U.S. premarket trading. Marathon Digital (MARA) drops 6.5%, Bit Digital (BTBT) declines 4.7%, Riot Blockchain (RIOT) -5.9%, Coinbase -2.8%. Big banks including JPMorgan, Citigroup, Morgan Stanley and Bank of America Corp slipped about 0.5%, while oil majors Exxon Mobil and Chevron Corp were down 0.4% and 0.3%, respectively, in premarket trading.Mega-cap FAAMG tech giants fell between 0.5% and 0.6%. Nike shed 4.6% after the sportswear maker cut its fiscal 2022 sales expectations and warned of delays during the holiday shopping season. Several analysts lowered their price targets on the maker of sports apparel and sneakers after the company cut its FY revenue growth guidance to mid-single- digits. Here are some of the biggest U.S. movers today: Helbiz (HLBZ) falls 10% after the micromobility company filed with the SEC for the sale of as many as 11m shares by stockholders. Focus Universal (FCUV), an online marketing company that’s been a favorite of retail traders, surged 26% in premarket trading after the stock was cited on Stocktwits in recent days. Vail Resorts (MTN) falls 2.7% in postmarket trading after its full-year forecasts for Ebitda and net income missed at the midpoint. GlycoMimetics (GLYC) jumps 15% postmarket after announcing that efficacy and safety data from a Phase 1/2 study of uproleselan in patients with acute myeloid leukemia were published in the journal Blood on Sept. 16. VTV Therapeutics (VTVT) surges 30% after company says its HPP737 psoriasis treatment showed favorable safety and tolerability profile in a multiple ascending dose study. Fears about a sooner-than-expected tapering amid signs of stalling U.S. economic growth and concerns over a spillover from China Evergrande’s default had rattled investors in September, putting the benchmark S&P 500 index on course to snap a seven-month winning streak. Elaine Stokes, a portfolio manager at Loomis Sayles & Co., told Bloomberg Television, adding that “what they did is tell us that they feel really good about the economy.” While the bond selloff vindicated Treasury bears who argue yields are too low to reflect fundamentals, others see limits to how high they can go. “We’d expected bond yields to go higher, given the macro situation where growth is still very strong,” Sylvia Sheng, global multi-asset strategist with JPMorgan Asset Management, said on Bloomberg Television. “But we do stress that is a modest view, because we think that upside to yields is still limited from here given that central banks including the Fed are still buying bonds.” Still, Wall Street’s main indexes rallied in the past two session and are set for small weekly gains. European equities dipped at the open but trade off worst levels, with the Euro Stoxx 50 sliding as much as 1.1% before climbing off the lows. France's CAC underperformed at the margin. Retail, financial services are the weakest performers. EQT AB, Europe’s biggest listed private equity firm, fell as much as 8.1% after Sweden’s financial watchdog opened an investigation into suspected market abuse. Here are some of the other biggest European movers today: SMCP shares surge as much as 9.9%, advancing for a 9th session in 10, amid continued hopes the financial troubles of its top shareholder will ultimately lead to a sale TeamViewer climbs much as 4.2% after Bankhaus Metzler initiated coverage with a buy rating, citing the company’s above-market growth AstraZeneca gains as much as 3.6% after its Lynparza drug met the primary endpoint in a prostate cancer trial Darktrace drops as much as 9.2%, paring the stock’s rally over the past few weeks, as a technical pattern triggered a sell signal Adidas and Puma fall as much as 4% and 2.9%, respectively, after U.S. rival Nike’s “large cut” to FY sales guidance, which Jefferies said would “likely hurt” shares of European peers Earlier in the session, Asian stocks rose for a second day, led by rallies in Japan and Taiwan, following U.S. peers higher amid optimism over the Federal Reserve’s bullish economic outlook and fading concerns over widespread contagion from Evergrande. Stocks were muted in China and Hong Kong. India’s S&P BSE Sensex topped the 60,000 level for the first time on Friday on optimism that speedier vaccinations will improve demand for businesses in Asia’s third-largest economy. The MSCI Asia Pacific Index gained as much as 0.7%, with TSMC and Sony the biggest boosts. That trimmed the regional benchmark’s loss for the week to about 1%. Japan’s Nikkei 225 climbed 2.1%, reopening after a holiday, pushing its advance for September to 7.7%, the best among major global gauges. The Asian regional benchmark pared its gain as Hong Kong stocks fell sharply in late afternoon trading amid continued uncertainty, with Evergrande giving no sign of making an interest payment that was due Thursday. Among key upcoming events is the leadership election for Japan’s ruling party next week, which will likely determine the country’s next prime minister. “Investor concerns over the Evergrande issue have retreated a bit for now,” said Hajime Sakai, chief fund manager at Mito Securities Co. in Tokyo. “But investors will have to keep downside risk in the corner of their minds.” Indian stocks rose, pushing the Sensex above 60,000 for the first time ever. Key gauges fell in Singapore, Malaysia and Australia, while the Thai market was closed for a holiday. Treasuries are higher as U.S. trading day begins after rebounding from weekly lows reached during Asia session, adding to Thursday’s losses. The 10-year yield was down 1bp at ~1.42%, just above the 100-DMA breached on Thursday for the first time in three months; it climbed to 1.449% during Asia session, highest since July 6, and remains 5.2bp higher on the week, its fifth straight weekly increase. Several Fed speakers are slated, first since Wednesday’s FOMC commentary set forth a possible taper timeline.  Bunds and gilts recover off cheapest levels, curves bear steepening. USTs bull steepen, richening 1.5bps from the 10y point out. Peripheral spreads are wider. BTP spreads widen 2-3bps to Bunds. In FX, the Bloomberg Dollar Spot Index climbed back from a one-week low as concern about possible contagion from Evergrande added to buying of the greenback based on the Federal Reserve tapering timeline signaled on Wednesday. NZD, AUD and CAD sit at the bottom of the G-10 scoreboard. ZAR and TRY are the weakest in EM FX. The pound fell after its rally on Thursday as investors looked ahead to BOE Governor Andrew Bailey’s sPeech next week about a possible interest-rate hike. Traders are betting that in a contest to raise borrowing costs first, the Bank of England will be the runaway winner over the Federal Reserve. The New Zealand and Aussie dollars led declines among Group-of-10 peers. The euro was trading flat, with a week full of events failing “to generate any clear directional move,” said ING analysts Francesco Pesole and Chris Turner. German IFO sentiment indeces will “provide extra indications about the area’s sentiment as  businesses faced a combination of delta variant concerns and lingering supply disruptions”. The Norwegian krone is the best performing currency among G10 peers this week, with Thursday’s announcement from the Norges Bank offering support In commodities, crude futures hold a narrow range up around best levels for the week. WTI stalls near $73.40, Brent near $77.50. Spot gold extends Asia’s gains, adding $12 on the session to trade near $1,755/oz. Base metals are mixed, LME nickel and aluminum drop ~1%, LME tin outperforms with a 2.8% rally. Bitcoin dips after the PBOC says all crypto-related transactions are illegal. Looking to the day ahead now, we’ll hear from Fed Chair Powell, Vice Chair Clarida and the Fed’s Mester, Bowman, George and Bostic, as well as the ECB’s Lane and Elderson, and the BoE’s Tenreyro. Finally, a summit of the Quad Leaders will be held at the White House, including President Biden, and the Prime Ministers of Australia, India and Japan. Market Snapshot S&P 500 futures down 0.3% to 4,423.50 STOXX Europe 600 down 0.7% to 464.18 German 10Y yield fell 8.5 bps to -0.236% Euro little changed at $1.1737 MXAP up 0.4% to 201.25 MXAPJ down 0.5% to 643.20 Nikkei up 2.1% to 30,248.81 Topix up 2.3% to 2,090.75 Hang Seng Index down 1.3% to 24,192.16 Shanghai Composite down 0.8% to 3,613.07 Sensex up 0.2% to 60,031.83 Australia S&P/ASX 200 down 0.4% to 7,342.60 Kospi little changed at 3,125.24 Brent Futures up 0.4% to $77.57/bbl Gold spot up 0.7% to $1,755.38 U.S. Dollar Index little changed at 93.14 Top Overnight News from Bloomberg China Evergrande Group’s unusual silence about a dollar-bond interest payment that was due Thursday has put a focus on what might happen during a 30-day grace period. The Reserve Bank of Australia’s inflation target is increasingly out of step with international counterparts and fails to account for structural changes in the country’s economy over the past 30 years, Westpac Banking Corp.’s Bill Evans said. With central banks from Washington to London this week signaling more alarm over faster inflation, the ultra-stimulative path of the euro zone and some of its neighbors appears lonelier than ever. China’s central bank continued to pump liquidity into the financial system on Friday as policy makers sought to avoid contagion stemming from China Evergrande Group spreading to domestic markets. A more detailed look at global markets courtesy of Newsquawk Asian equity markets traded mixed with the region failing to fully sustain the impetus from the positive performance across global counterparts after the silence from Evergrande and lack of coupon payments for its offshore bonds, stirred uncertainty for the company. ASX 200 (-0.4%) was negative as underperformance in mining names and real estate overshadowed the advances in tech and resilience in financials from the higher yield environment. Nikkei 225 (+2.1%) was the biggest gainer overnight as it played catch up to the prior day’s recovery on return from the Autumnal Equinox holiday in Japan and with exporters cheering the recent risk-conducive currency flows, while KOSPI (-0.1%) was lacklustre amid the record daily COVID-19 infections and after North Korea deemed that it was premature to declare that the Korean War was over. Hang Seng (-1.2%) and Shanghai Comp. (-0.8%) were indecisive after further liquidity efforts by the PBoC were offset by concerns surrounding Evergrande after the Co. failed to make coupon payments due yesterday for offshore bonds but has a 30-day grace period with the Co. remaining quiet on the issue. Finally, 10yr JGBs were lower on spillover selling from global counterparts including the declines in T-notes as the US 10yr yield breached 1.40% for the first time since early-July with the pressure in bonds also stemming from across the Atlantic following a more hawkish BoE, while the presence of the BoJ in the market today for over JPY 1.3tln of government bonds with 1yr-10yr maturities did very little to spur prices. Top Asian News Rivals for Prime Minister Battle on Social Media: Japan Election Asian Stocks Rise for Second Day, Led by Gains in Japan, Taiwan Hong Kong Stocks Still Wagged by Evergrande Tail Hong Kong’s Hang Seng Tech Index Extends Decline to More Than 2% European equities (Stoxx 600 -0.9%) are trading on the back foot in the final trading session of the week amid further advances in global bond yields and a mixed APAC handover. Overnight, saw gains for the Nikkei 225 of 2.1% with the index aided by favourable currency flows, whilst Chinese markets lagged (Shanghai Comp. -0.8%, Hang Seng -1.6%) with further liquidity efforts by the PBoC offset by concerns surrounding Evergrande after the Co. failed to make coupon payments due yesterday for offshore bonds. As context, despite the losses in Europe today, the Stoxx 600 is still higher by some 1.2% on the week. Stateside, futures are also on a softer footing with the ES down by 0.4% ahead of a busy Fed speaker schedule. Back to Europe, sectors are lower across the board with Retail and Personal & Household Goods lagging peers. The former has been hampered by losses in Adidas (-3.0%) following after hours earnings from Nike (-4.2% pre-market) which saw the Co. cut its revenue guidance amid supply chain woes. AstraZeneca (+2.1%) sits at the top of the FTSE 100 after announcing that the Lynparza PROpel trial met its primary endpoint. Daimler’s (+0.1%) Mercedes-Benz has announced that it will take a 33% stake in a battery cell manufacturing JV with Total and Stellantis. EQT (-6.5%) sits at the foot of the Stoxx 600 after the Swedish FSA announced it will open an investigation into the Co. Top European News EQT Investigated by Sweden’s FSA Over Suspected Market Abuse Gazprom Says Claims of Gas Under-supply to Europe Are ‘Absurd’ German Sept. Ifo Business Confidence 98.8; Est. 99 German Business Index at Five-Month Low in Pre-Election Verdict In FX, the rot seems to have stopped for the Buck in terms of its sharp and marked fall from grace amidst post-FOMC reflection and re-positioning in the financial markets on Thursday. Indeed, the Dollar index has regained some poise to hover above the 93.000 level having recoiled from 93.526 to 92.977 over the course of yesterday’s hectic session that saw the DXY register a marginal new w-t-d high and low at either end of the spectrum. Pre-weekend short covering and consolidation may be giving the Greenback a lift, while the risk backdrop is also less upbeat ahead of a raft of Fed speakers flanking US new home sales data. Elsewhere, the Euro remains relatively sidelined and contained against the Buck with little independent inspiration from the latest German Ifo survey as the business climate deteriorated broadly in line with consensus and current conditions were worse than forecast, but business expectations were better than anticipated. Hence, Eur/Usd is still stuck in a rut and only briefly/fractionally outside 1.1750-00 parameters for the entire week, thus far, as hefty option expiry interest continues to keep the headline pair in check. However, there is significantly less support or gravitational pull at the round number today compared to Thursday as ‘only’ 1.3 bn rolls off vs 4.1 bn, and any upside breach could be capped by 1.1 bn between 1.1765-85. CAD/NZD/AUD - Some payback for the non-US Dollars following their revival, with the Loonie waning from 1.2650+ peaks ahead of Canadian budget balances, though still underpinned by crude as WTI hovers around Usd 73.50/brl and not far from decent option expiries (from 1.2655-50 and 1.2625-30 in 1.4 bn each). Similarly, the Kiwi has faded after climbing to within single digits of 0.7100 in wake of NZ trade data overnight revealing a much wider deficit as exports slowed and imports rose, while the Aussie loses grip of the 0.7300 handle and skirts 1.1 bn option expiries at 0.7275. CHF/GBP/JPY - The Franc is fairly flat and restrained following a dovish SNB policy review that left in lagging somewhat yesterday, with Usd/Chf and Eur/Chf straddling 0.9250 and 1.0850 respectively, in contrast to Sterling that is paring some hawkish BoE momentum, as Cable retreats to retest bids circa 1.3700 and Eur/Gbp bounces from sub-0.8550. Elsewhere, the Yen has not been able to fend off further downside through 110.00 even though Japanese participants have returned to the fray after the Autumn Equinox holiday and reports suggest some COVID-19 restrictions may be lifted in 13 prefectures on a trial basis. SCANDI/EM/PM/CRYPTO - A slight change in the pecking order in Scandi-land as the Nok loses some post-Norges Bank hike impetus and the Sek unwinds a bit of its underperformance, but EM currencies are bearing the brunt of the aforementioned downturn in risk sentiment and firmer Usd, with the Zar hit harder than other as Gold is clings to Usd 1750/oz and Try down to deeper post-CBRT rate cut lows after mixed manufacturing sentiment and cap u readings. Meanwhile, Bitcoin is being shackled by the latest Chinese crackdown on mining and efforts to limit risks from what it describes as unlawful speculative crypto currency trading. In commodities, WTI and Brent are set the conclude the week in the green with gains in excess of 2% for WTI at the time of writing; in-spite of the pressure seen in the complex on Monday and the first-half of Tuesday, where a sub USD 69.50/bbl low was printed. Fresh newsflow has, once again, been limited for the complex and continues to focus on the gas situation. More broadly, no update as of yet on the Evergrande interest payment and by all accounts we appear to have entered the 30-day grace period for this and, assuming catalysts remain slim, updates on this will may well dictate the state-of-play. Schedule wise, the session ahead eyes significant amounts of central bank commentary but from a crude perspective the weekly Baker Hughes rig count will draw attention. On the weather front, Storm Sam has been upgraded to a Hurricane and is expected to rapidly intensify but currently remains someway into the mid-Atlantic. Moving to metals, LME copper is pivoting the unchanged mark after a mixed APAC lead while attention is on Glencore’s CSA copper mine, which it has received an offer for; the site in 2020 produced circa. 46k/T of copper which is typically exported to Asia smelters. Elsewhere, spot gold and silver are firmer but have been very contained and remain well-within overnight ranges thus far. Which sees the yellow metal holding just above the USD 1750/oz mark after a brief foray below the level after the US-close. US Event Calendar 10am: Aug. New Home Sales MoM, est. 1.0%, prior 1.0% 10am: Aug. New Home Sales, est. 715,000, prior 708,000 Central Bank Speakers 8:45am: Fed’s Mester Discusses the Economic Outlook 10am: Powell, Clarida and Bowman Host Fed Listens Event 10:05am: Fed’s George Discusses Economic Outlook 12pm: Fed’s Bostic Discusses Equitable Community Development DB's Jim Reid concludes the overnight wrap WFH today is a bonus as it’s time for the annual ritual at home where the latest, sleekest, shiniest iPhone model arrives in the post and i sheepishly try to justify to my wife when I get home why I need an incremental upgrade. This year to save me from the Spanish Inquisition I’m going to intercept the courier and keep quiet. Problem is that such speed at intercepting the delivery will be logistically challenging as I remain on crutches (5 weeks to go) and can’t grip properly with my left hand due to an ongoing trapped nerve. I’m very glad I’m not a racehorse. Although hopefully I can be put out to pasture in front of the Ryder Cup this weekend. The big news of the last 24 hours has been a galloping global yield rise worthy of the finest thoroughbred. A hawkish Fed meeting, with the dots increasing and the end of QE potentially accelerated, didn’t quite have the ability to move markets but the global dam finally broke yesterday with Norway being the highest profile developed country to raise rates this cycle (expected), but more importantly a Bank of England meeting that saw the market reappraise rate hikes. Looking at the specific moves, yields on 10yr Treasuries were up +13.0bps to 1.430% in their biggest daily increase since 25 February, as both higher real rates (+7.9bps) and inflation breakevens (+4.9bps) drove the advance. US 10yr yields had been trading in a c.10bp range for the last month before breaking out higher, though they have been trending higher since dropping as far as 1.17% back in early-August. US 30yr yields rose +13.2bps, which was the biggest one day move in long dated yields since March 17 2020, which was at the onset of the pandemic and just days after the Fed announced it would be starting the current round of QE. The large selloff in US bonds saw the yield curve steepen and the long-end give back roughly half of the FOMC flattening from the day before. The 5y30y curve steepened 3.4bps for a two day move of -3.3bps. However the 2y10y curve steepened +10.5bps, completely reversing the prior day’s flattening (-4.2bps) and leaving the spread at 116bp, the steepest level since first week of July. 10yr gilt yields saw nearly as strong a move (+10.8bps) with those on shorter-dated 2yr gilts (+10.7bps) hitting their highest level (0.386%) since the pandemic began.That came on the back of the BoE’s latest policy decision, which pointed in a hawkish direction, building on the comment in the August statement that “some modest tightening of monetary policy over the forecast period is likely to be necessary” by saying that “some developments during the intervening period appear to have strengthened that case”. The statement pointed out that the rise in gas prices since August represented an upside risks to their inflation projections from next April, and the MPC’s vote also saw 2 members (up from 1 in August) vote to dial back QE. See DB’s Sanjay Raja’s revised rate hike forecasts here. We now expect a 15bps hike in February. The generalised move saw yields in other European countries rise as well, with those on 10yr bunds (+6.6bps), OATs (+6.5bps) and BTPs (+5.7bps) all seeing big moves higher with 10yr bunds seeing their biggest climb since late-February and back to early-July levels as -0.258%. The yield rise didn’t stop equity indices recovering further from Monday’s rout, with the S&P 500 up +1.21% as the index marked its best performance in over 2 months, and its best 2-day performance since May. Despite the mood at the end of the weekend, the S&P now starts Friday in positive territory for the week. The rally yesterday was led by cyclicals for a second straight day with higher commodity prices driving outsized gains for energy (+3.41%) and materials (+1.39%) stocks, and the aforementioned higher yields causing banks (+3.37%) and diversified financials (+2.35%) to outperform. The reopening trade was the other main beneficiary as airlines rose +2.99% and consumer services, which include hotel and cruiseline companies, gained +1.92%. In Europe, the STOXX 600 (+0.93%) witnessed a similarly strong performance, with index led by banks (+2.16%). As a testament to the breadth of yesterday’s rally, the travel and leisure sector (+0.04%) was the worst performing sector on this side of the Atlantic even while registering a small gain and lagging its US counterparts. Before we get onto some of yesterday’s other events, it’s worth noting that this is actually the last EMR before the German election on Sunday, which has long been signposted as one of the more interesting macro events on the 2021 calendar, the results of which will play a key role in not just domestic, but also EU policy. And with Chancellor Merkel stepping down after four terms in office, this means that the country will soon be under new management irrespective of who forms a government afterwards. It’s been a volatile campaign in many respects, with Chancellor Merkel’s CDU/CSU, the Greens and the centre-left SPD all having been in the lead at various points over the last six months. But for the last month Politico’s Poll of Polls has shown the SPD consistently ahead, with their tracker currently putting them on 25%, ahead of the CDU/CSU on 22% and the Greens on 16%. However the latest poll from Forschungsgruppe Wahlen yesterday suggested a tighter race with the SPD at 25, the CDU/CSU at 23% and the Greens at 16.5%. If the actual results are in line with the recent averages, it would certainly mark a sea change in German politics, as it would be the first time that the SPD have won the popular vote since the 2002 election. Furthermore, it would be the CDU/CSU’s worst ever result, and mark the first time in post-war Germany that the two main parties have failed to win a majority of the vote between them, which mirrors the erosion of the traditional big parties in the rest of continental Europe. For the Greens, 15% would be their best ever score, and exceed the 9% they got back in 2017 that left them in 6th place, but it would also be a disappointment relative to their high hopes back in the spring, when they were briefly polling in the mid-20s after Annalena Baerbock was selected as their Chancellor candidate. In terms of when to expect results, the polls close at 17:00 London time, with initial exit polls released immediately afterwards. However, unlike the UK, where a new majority government can immediately come to power the day after the election, the use of proportional representation in Germany means that it could potentially be weeks or months before a new government is formed. Indeed, after the last election in September 2017, it wasn’t until March 2018 that the new grand coalition between the CDU/CSU and the SPD took office, after attempts to reach a “Jamaica” coalition between the CDU/CSU, the FDP and the Greens was unsuccessful. In the meantime, the existing government will act as a caretaker administration. On the policy implications, it will of course depend on what sort of government is actually formed, but our research colleagues in Frankfurt have produced a comprehensive slidepack (link here) running through what the different parties want across a range of policies, and what the likely coalitions would mean for Germany. They also put out another note yesterday (link here) where they point out that there’s still much to play for, with the SPD’s lead inside the margin of error and with an unusually high share of yet undecided voters. Moving on to Asia and markets are mostly higher with the Nikkei (+2.04%), CSI (+0.53%) and India’s Nifty (+0.52%) up while the Hang Seng (-0.03%), Shanghai Comp (-0.07%) and Kospi (-0.10%) have all made small moves lower. Meanwhile, the Evergrande group missed its dollar bond coupon payment yesterday and so far there has been no communication from the group on this. They have a 30-day grace period to make the payment before any event of default can be declared. This follows instructions from China’s Financial regulators yesterday in which they urged the group to take all measures possible to avoid a near-term default on dollar bonds while focusing on completing unfinished properties and repaying individual investors. Yields on Australia and New Zealand’s 10y sovereign bonds are up +14.5bps and +11.3bps respectively this morning after yesterday’s move from their western counterparts. Yields on 10y USTs are also up a further +1.1bps to 1.443%. Elsewhere, futures on the S&P 500 are up +0.04% while those on the Stoxx 50 are down -0.10%. In terms of overnight data, Japan’s August CPI printed at -0.4% yoy (vs. -0.3% yoy expected) while core was unchanged in line with expectations. We also received Japan’s flash PMIs with the services reading at 47.4 (vs. 42.9 last month) while the manufacturing reading came in at 51.2 (vs. 52.7 last month). In pandemic related news, Jiji reported that Japan is planning to conduct trials of easing Covid restrictions, with 13 prefectures indicating they’d like to participate. This is likely contributing to the outperformance of the Nikkei this morning. Back to yesterday now, and one of the main highlights came from the flash PMIs, which showed a continued deceleration in growth momentum across Europe and the US, and also underwhelmed relative to expectations. Running through the headline numbers, the Euro Area composite PMI fell to 56.1 (vs. 58.5 expected), which is the lowest figure since April, as both the manufacturing (58.7 vs 60.3 expected) and services (56.3 vs. 58.5 expected) came in beneath expectations. Over in the US, the composite PMI fell to 54.5 in its 4th consecutive decline, as the index hit its lowest level in a year, while the UK’s composite PMI at 54.1 (vs. 54.6 expected) was the lowest since February when the country was still in a nationwide lockdown. Risk assets seemed unperturbed by the readings, and commodities actually took another leg higher as they rebounded from their losses at the start of the week. The Bloomberg Commodity Spot index rose +1.12% as Brent crude oil (+1.39%) closed at $77.25/bbl, which marked its highest closing level since late 2018, while WTI (+1.07%) rose to $73.30/bbl, so still a bit beneath its recent peak in July. However that is a decent rebound of roughly $11/bbl since its recent low just over a month ago. Elsewhere, gold (-1.44%) took a knock amidst the sharp move higher in yields, while European natural gas prices subsidised for a third day running, with futures now down -8.5% from their intraday peak on Tuesday, although they’re still up by +71.3% since the start of August. US negotiations regarding the upcoming funding bill and raising the debt ceiling are ongoing, with House Speaker Pelosi saying that the former, also called a continuing resolution, will pass “both houses by September 30,” and fund the government through the first part of the fiscal year, starting October 1. Treasury Secretary Yellen has said the US will likely breach the debt ceiling sometime in the next month if Congress does not increase the level, and because Republicans are unwilling to vote to raise the ceiling, Democrats will have to use the once-a-fiscal-year tool of budget reconciliation to do so. However Democrats, are also using that process for the $3.5 trillion dollar economic plan that makes up the bulk of the Biden agenda, and have not been able to get full party support yet. During a joint press conference with Speaker Pelosi, Senate Majority Leader Schumer said that Democrats have a “framework” to pay for the Biden Economic agenda, which would imply that the broad outline of a deal was reached between the House, Senate and the White House. However, no specifics were mentioned yesterday. With Democrats looking to vote on the bipartisan infrastructure bill early next week, negotiations today and this weekend on the potential reconciliation package will be vital. Looking at yesterday’s other data, the weekly initial jobless claims from the US for the week through September 18 unexpectedly rose to 351k (vs. 320k expected), which is the second week running they’ve come in above expectations. Separately, the Chicago Fed’s national activity index fell to 0.29 in August (vs. 0.50 expected), and the Kansas City Fed’s manufacturing activity index also fell more than expected to 22 in September (vs. 25 expected). To the day ahead now, and data highlights include the Ifo’s business climate indicator from Germany for September, along with Italian consumer confidence for September and US new home sales for August. From central banks, we’ll hear from Fed Chair Powell, Vice Chair Clarida and the Fed’s Mester, Bowman, George and Bostic, as well as the ECB’s Lane and Elderson, and the BoE’s Tenreyro. Finally, a summit of the Quad Leaders will be held at the White House, including President Biden, and the Prime Ministers of Australia, India and Japan. Tyler Durden Fri, 09/24/2021 - 08:12.....»»

Category: blogSource: zerohedgeSep 24th, 2021

NASDAQ Rises More Than 2% for Another Record High

NASDAQ Rises More Than 2% for Another Record High SPECIAL ALERT: Remember, the latest episode of the Zacks Ultimate Strategy Session will be available for viewing no later than this Wednesday, July 8. Kevin Matras, Jeremy Mullin, David Borun and Sheraz Mian will cover the investment landscape from several angles in this informative event. Don’t miss your chance to hear: ▪ David and Jeremy Agree to Disagree on whether the equities markets are outpacing the Main Street recovery ▪ Kevin answers whether stocks can keep going up even though Coronavirus cases are back on the rise in Zacks Mailbag ▪ Sheraz and David choose one portfolio to give feedback for improvement ▪ And much more So be sure to mark your calendar then log on to Zacks.com and bookmark this page. The long, July 4th weekend didn’t cool of this market, as the major indices started the week with gains of more than 1.5% each. The biggest winner (of course) was the NASDAQ on a strong day for tech. The index jumped 2.21% (or about 226 points) to 10,433.65. This marked the third straight session with a closing high. The usual suspects led the way with each of the FAANGs rising by more than 2%. The biggest winners were Amazon (AMZN, +5.77%) and Netflix (NFLX, +3.55%). Microsoft (MSFT) also participated with a 2.15% advance. The Dow rose 1.78% (or nearly 460 points) to 26,287.03, while the S&P increased 1.59% to 3179.72. The latter index and the NASDAQ now have five day winning streaks. Stocks are coming off a short but strong week that saw the NASDAQ improve 4.6%, the S&P advance 4% and the Dow rise 3.2%. Last week was punctuated on Friday with a second straight better-than-expected Government Employment Situation report. The economy added 4.8 million jobs last month and the unemployment rate declined to 11.1%. In addition to the strong day for tech, we also got another positive piece of data for this recovering economy. The ISM services index came in at 57.1 in June, which easily surpassed expectations of just about 50. There was a better-than-expected ISM manufacturing report last week as well. (Remember, anything over 50 in these surveys suggest expansion.) Unfortunately, coronavirus cases continued to rise over the weekend, which means the economic recovery remains uncertain. Despite being concerned about this, the market continues to move higher and may keep that upward trajectory as long as the headlines cooperate.  Today's Portfolio Highlights: ETF Investor: The surge in digital transformation during this pandemic has brought an equal surge in the need for cybersecurity solutions. Neena gained exposure to that space on Monday by adding IShares Cybersecurity and Tech ETF (IHAK), which invests in companies that offer the most exposure to the full value chain of cybersecurity software, hardware and related services. It has more than $77 million in assets. Best of all, IHAK is the cheapest product in the space. This new addition makes ETFMG Prime Cyber Security ETF (HACK) expendable, especially since it’s more expensive and embroiled in a legal battle that may result in a management change later this year. The editor sold HACK today for a gain of 16.7%. Read the full write-up for more on today’s moves.  Surprise Trader: Tomorrow’s quarterly report from Levi Strauss (LEVI) will be a good “heat check” for retail in the upcoming earnings season, according to Dave. Therefore, he added this jeans staple with a 12.5% allocation on Monday. The company has a positive Earnings ESP of 16.17% for the report coming after the bell on Tuesday, which means there’s a good chance that LEVI stretches its consecutive surprise streak to five quarters. The editor also sold Walgreens Boots Alliance (WBA) before its report because the drugstore company slipped to a Zacks Rank #4 (Sell). It still managed a gain of 3% in just a few days. The complete commentary has more on today’s moves.  Technology Innovators: The portfolio is looking toward the future with today’s addition of cloud software company Blackbaud (BLKB). This stock is still well below its pre-crash highs, which means there’s lots of running room to get back to that level. And Brian thinks it will make that run as more parts of the country reopen and the economy attempts to get back to normal. Plus, BLKB is a Zacks Rank #2 (Buy) and has beaten the Zacks Consensus Estimate for the past four quarters with a nice double-digit average surprise of 11% in that time. Read the full write-up for more on this new pick. TAZR Trader: You can’t expect to backup the high-powered AI machines with the same old-fashioned disks. Something much more innovative is needed, which is where Pure Storage (PSTG) comes in. Kevin calls this company the “cloud architecture of the future” because its solid-state, software-defined storage puts it on the high-speed, high-margin side of the industry. The editor added this Zacks Rank #2 (Buy) on Monday with a 7% allocation. He also bought Baidu (BIDU), the AI-focused player in Chinese big data. The stock enters with a 5% position this week and will be added to on any pullbacks. The portfolio sold the underperforming Dropbox (DBX) as well. Read the full write-up for more on all of these moves.  Black Box Trader: Well over half the portfolio was refreshed in this week's adjustment. Of the seven stocks that were sold, three were positive... and were also all double-digit returns! Those positions that left the services today included: • BJ's Wholesale Club (BJ, +35%) • Sportman's Warehouse (SPWH, +18.8%) • Sprouts Farmers Market (SFM, +12.6%) • Phillips 66 (PSX) • Dine Brands Global (DIN) • Williams-Sonoma (WSM) • Aercap Holdings (AER) The new buys that replaced these names are: • Cheniere Energy (LNG) • D.R. Horton (DHI) • Lakeland Industries (LAKE) • Lowe's Cos. (LOW) • Patterson Cos. (PDCO) • Principal Financial Group (PFG) • WillScot Corp. (WSC) Read the Black Box Trader’s Guide to learn more about this computer-driven service designed to take the emotion out of investing. Counterstrike: "Some stocks are getting stretched out a bit, but the S&P is about to breakout. This makes it hard to short hot stocks as they could keep going in sympathy. What we will likely see is a break higher in S&P stocks and the tech start to pull in a bit. With that, the market will diverge, but grind its way higher. "I have to say that when a market moves higher into bad news, I always think that somebody knows something. Perhaps, a vaccine success headline is just around the corner. While we aren’t aware of any good news to come, the market sure thinks there is something to be excited about. "Looking to make a couple moves this week. We will be taking profits in some spots and adding new positions. Make sure to keep an eye out for alerts tomorrow." -- Jeremy Mullin 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: zacksSep 21st, 2021

Dow, S&P Stretch Winning Streaks to 7 Days

Dow, S&P Stretch Winning Streaks to 7 Days SPECIAL ALERT: Remember, the latest episode of the Zacks Ultimate Strategy Session will be available for viewing no later than this Wednesday, August 12. Kevin Matras, David Bartosiak, Tracey Ryniec and Sheraz Mian will cover the investment landscape from several angles in this informative event. Don’t miss your chance to hear: ▪ David and Tracey Agree to Disagree on whether the rise of Robinhood Traders and characters like Dave Portnoy are a sign that we’ve reached a market top ▪ Kevin answers your questions in Zacks Mailbag ▪ Sheraz and David choose one portfolio to give feedback for improvement ▪ And much more So be sure to mark your calendar then log on to Zacks.com and bookmark this page. The major indices went their separate ways again on Monday, with the Dow and S&P advancing for a seventh straight session but the NASDAQ moving lower as tech remained under pressure. The Dow soared 1.3% (or nearly 360 points) to 27,791.44 to begin the week. Meanwhile, the S&P rose 0.27% to 3360.47. These indices are coming off a week in which they gained 3.8% and 2.5%, respectively, after a better-than-expected jobs report. It was a better day for names that would benefit from a more normal economy. For example, Caterpillar (CAT), Boeing (BA) and Dow (DOW) all jumped more than 5%.  And Carnival (CCL) soared by more than 8.5%! Unfortunately, that left the NASDAQ out in the cold again. While the Dow and S&P have begun August with a solid run of gains, the tech-heavy index has now slipped for two consecutive sessions and is back below 11,000. It was off 0.39% (or about 42 points) to 10,968.36. The NASDAQ also advanced 2.5% last week. Apple (AAPL) still managed to gain nearly 1.5%, but Facebook (FB), Netflix (NFLX) and Microsoft (MSFT) all lost 2% or more. We still don’t have a coronavirus relief package. However, President Trump signed a few executive orders over the weekend that might be able to tide us over until an actual deal is made. The market still expects that Congress will get something done. The big question is: will these orders speed up the process on Capitol Hill or give them an excuse to dawdle even more? One of the measures the President signed was an extension of the unemployment benefits, but at only $400 a week instead of the previous $600. We’ll all be paying attention to Washington in the days ahead to see if they can get something done. However, we’ll also be watching the S&P, which is within 1% of a new high after these 7 straight days of gains. Maybe we’ll kill two birds with one stone this week as a deal in Congress sends the S&P to a record! Hey…hope springs eternal. Today's Portfolio Highlights: Counterstrike: Shares of Dropbox (DBX) broke through resistance at $24 after its recent quarterly report, but has since plunged by approximately 20%. That’s exactly what this portfolio wants to see, so Jeremy added this Zacks Rank #2 (Buy) on Monday with a 5% allocation. DBX offers a platform that allows users to store and share files, photos and videos. The editor is getting in right before a Fibonacci test at around $18, and will add more if it finds support. He also sold Greenbrier Cos. (GBX) today for a 12.7% return in just under a month, while also getting out of Yext (YEXT). Read the complete commentary for more on today’s moves, including a look at DBX’s chart.   Commodity Innovators: The portfolio traded cocoa for steel on Monday by selling IPath Bloomberg Cocoa Subindex Total Return ETN (NIB) and buying Commercial Metals Company (CMC). NIB has been on a wild ride since being added in mid-March, and today Jeremy got out with a 12.3% return in front of a possible larger correction. Meanwhile, CMC is a play on the rising prices for metals and the breakout in steel stocks. This Zacks Rank #1 (Strong Buy) makes, recycles and markets steel and metal products, and it just broke out above $22 amid the industry’s newfound momentum. The editor added CMC in anticipation of a steel bull market though the end of the year. The stock reports later this month and should be considered a mid-term holding. Read the full write-up for more. Black Box Trader: Two positions were replaced in this week’s adjustment. The portfolio sold National General (NGHC, +0.8%) and Sohu.com (SOHU). Those positions were immediately filled by adding Lumber Liquidators (LL) and Vista Outdoor (VSTO). Read the Black Box Trader’s Guide to learn more about this computer-driven service designed to take the emotion out of investing. Insider Trader: "Was today the start of the rotation play again?  "The transports and "old economy" stocks all did well today as tech and other growth stocks struggled as the recovery plays were back in play.  "Like last spring when the number of cases started to decline, along with hospitalizations, there's a hope that we're turning the corner and everyone can go back to work.  "And that also means that everyone can go on cruises, take a vacation, eat in restaurants and bars and go to movie theaters." -- Tracey Ryniec All the Best, 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: zacksSep 21st, 2021

Stocks Go Up as the President Goes Home

Stocks Go Up as the President Goes Home SPECIAL ALERT: The latest episode of the Zacks Ultimate Strategy Session will be available for viewing no later than this Wednesday, October 7. Kevin Matras, Jeremy Mullin, Tracey Ryniec, Neena Mishra, CFA, FRM, Dan Laboe and Sheraz Mian will cover the investment landscape from several angles in this informative event. Don’t miss your chance to hear: ▪ Tracey and Neena Agree to Disagree on whether the S&P 500 will retest its March lows ▪ Kevin Matras answers your questions in Zacks Mailbag ▪ Sheraz and Dan choose one portfolio to give feedback for improvement ▪ And much more So be sure to mark your calendar then log on to Zacks.com and bookmark this page. We had a great start to the week on Monday as the market breathed a sigh of relief that President Trump appears to be improving in his fight with the coronavirus.  In fact, POTUS might be back at home in the White House by the time you’re reading this commentary. He was admitted to the Walter Reed Medical Center after the close on Friday as a precautionary measure. The President getting infected with covid is one of the biggest stories in a year FULL of big stories. It would be a real blessing if this headline could be cleared up quickly. The market has enough uncertainties to deal with right now, so it rallied hard today on the possibility that something on its laundry list of question marks could be resolved. The NASDAQ advanced 2.32% (or around 257 points) to 11,332.49. All of the FAANGs jumped 1.8% or more on Monday, led by Netflix (NFLX, +3.5%) and Apple (AAPL, +3.08). The S&P rose 1.8% to 3408.60, while the Dow increased 1.68% (or around 465 points) to 28,148.64. These indices finally broke their four-week losing streaks on Friday by rising 1.5% and 1.9%, respectively, over the five days. The NASDAQ has back-to-back weekly advances of 1.5% and 1.1%. Now the market is hoping that perhaps the President’s sickness could jump start a stimulus compromise that seems to be going nowhere. Speaker Pelosi and Treasury Secretary Mnuchin are still talking… but have nothing to show for it yet. You’d think that millions of Americans losing their financial lifeline amid an unprecedented pandemic would be enough to get Washington to act. But that was weeks ago… and they didn’t. But hope springs eternal. Maybe they’ll get something done this time. One of the reasons they’re taking their time with new stimulus is that the economy is doing rather well… all things considered. For example, the ISM Services index reached 57.8 for September, which was almost a full percentage point better than August and ahead of expectations. It was also the fourth straight month of expansion (over 50). Last week, the ISM’s manufacturing index had its fifth straight month of growth. Today's Portfolio Highlights: Surprise Trader: It’s about to get a whole lot busier in this portfolio with earnings season right around the corner! Dave got things started on Monday by adding Sleep Number (SNBR), a mattress company and part of the highly-ranked Furniture space (Top 10% of Zacks Industry Rank). This Zacks Rank #2 (Buy) has beaten earnings estimates for seven straight quarters now and topped by 25% last time. Looking forward, it has a positive Earnings ESP of 31.16% for the report coming after the bell on Wednesday, October 14. The editor added SNBR on Monday with a 12.5% allocation. Meanwhile, in order to free up some space for the deluge of buys to come, Dave also sold D.R. Horton (DHI) today and banked a nice 19.8% return in less than three months. Read the full write-up for more on today’s moves. Commodity Innovators: You can’t keep coffee down! Prices slumped more than 20% from recent highs due to a supply glut and coronavirus shutdowns. But Jeremy notes that this commodity usually bounces off these levels. Therefore, he bought IPath Series B Bloomberg Coffee Subindex Total Return ETN (JO) on Monday. You may remember that this fund was recently in the portfolio and brought a nearly 10% return when sold in August. Well, JO is now cheaper than when the editor first picked it up in February, and he expects an even bigger return this time. Meanwhile, the service sold Aberdeen Standard Physical Palladium Shares ETF (PALL) for an impressive 27.2% return in about seven months, as well as Invesco CurrencyShares Euro Trust (FXE) for a 4% profit. Read the complete commentary for more on today's action. Black Box Trader: The four stocks that exited the portfolio this week were all positive, including a double-digit winner. Those positions that were sold today included: ▪ DICK’S Sporting Goods (DKS, +15.3%) ▪ Sealed Air Corp. (SEE, +7.8%) ▪ Lennar Corp. (LEN, +5.5%) ▪ BMC Stock Holdings (BMCH, +2.8%) The new buys that replaced these names were: ▪ Jabil (JBL) ▪ LKQ Corp. (LKQ) ▪ Mattel (MAT) ▪ Sportsman’s Warehouse (SPWH) Read the Black Box Trader’s Guide to learn more about this computer-driven service designed to take the emotion out of investing. Technology Innovators: "This is not a political statement, but politics is getting too intertwined into everything. Too many people are interpreting the market moves as a sign that their political party is destined to win in a month. The simple fact is that no one knows who will win, not the experts, not the market, not you or me. We just have to position ourselves as best we can with the information we have. "There is tons of talk about the next stimulus package. Airlines demand it, hotels need it as well and those are the businesses that have survived so far. The American people that are not allowed to work should be first in line and should get fully compensated. If there was ever a reason to hate politics, that would be it.   "Things have really turned around and they have done so quickly. The first word of Trump with COVID saw a huge downturn. Now he is leaving the hospital after a few days and the market loves it. All the major indices ran all day and a solid performance at the close made it look that much better." -- Brian Bolan 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: zacksSep 21st, 2021

Market Rises for Third Time in Four Days

Market Rises for Third Time in Four Days SPECIAL ALERT: Remember, the October episode of the Zacks Ultimate Strategy Session is now available for viewing! Don’t miss your chance to hear: ▪ Tracey Ryniec and Neena Mishra, CFA, FRM, Agree to Disagree on whether the S&P 500 will retest its March lows ▪ Kevin Matras answers what investors should do ahead of the election in Zacks Mailbag ▪ Sheraz Mian and Dan Laboe choose one portfolio to give feedback for improvement ▪ Market conditions from both fundamental and technical views ▪ The full list of top-performing stocks over the past 30 days ▪ New stocks added to the Zacks Ultimate portfolio ▪ And much more Simply log on to Zacks.com and view the October episode here. And please let us know what you think of these monthly episodes. Email all feedback to mailbag@zacks.com. SPECIAL ALERT #2: New Zacks Feature: ASK ALEXA Now call out a stock name or ticker. Alexa will give you its latest Zacks Rank and price. Also hear daily additions to and deletions from the services you follow. For easy directions on starting Zacks on Alexa, click here >> Despite all the craziness about stimulus in the past few days; the market is still going into Friday’s session with solid gains for the week. Each of the major indices are up well over 2% over the past four days. If they can hang on amid all the volatility and uncertainty out there, it would mark the third straight week of green for the NASDAQ and back-to-back winning runs for the Dow and S&P. Of course, who knows what the headlines will be tomorrow? There’s been a market-moving story in each of the past few days, including President Trump returning to the White House after his covid announcement and mixed messages on the odds of a relief bill before the election.   On Thursday, it was Speaker Pelosi’s turn to throw cold water on stimulus. She said there would be no help for the airlines without a more comprehensive package. President Trump tweeted about such a targeted measure on Wednesday, a day after calling off negotiations between Pelosi and Treasury Secretary Mnuchin for a trillion-dollar agreement. While the news did disrupt the market momentarily on Thursday, it didn’t keep stocks from putting together a second straight session of advances. The S&P rose 0.80% today to 3446.83, while the NASDAQ increased 0.50% (or about 56 points) to 11,420.98 and the Dow advanced 0.43% (or around 122 points) to 28,425.51. That makes three positive sessions in the past four. Even the airlines managed to stay positive with United Airlines (UAL), Delta (DAL) and Southwest (LUV) all rising by more than 1%. The market also had to fight through a disappointing jobless claims report. While remaining under 1 million for a sixth straight week, the number is still very high at 840,000 and above expectations of around 820K to 825K.   Let’s see if we can get a strong finish to this chaotic week tomorrow… Today's Portfolio Highlights: Technology Innovators: It was time to “shuffle the deck” in this portfolio, so Brian added a name on Thursday and sold three others. The new buy is Rapid7 (RPD), a Zacks Rank #2 (Buy) software security company that has been “destroying” earnings estimates. It topped the Zacks Consensus Estimate in three of the past four quarters, and the most recent surprise was a robust 600%! As its high Zacks Rank attests, earnings estimates for this year and next are on the rise. In fact, analysts expect a profit of 16 cents for 2021. Meanwhile, the editor sold Logitech Int’l (LOGI) today for a 9.2% return in less than a month, while also getting out of nLight (LASR, +1.5%) and Descartes Systems Group (DSGX). Learn more about today’s moves in the complete commentary. Surprise Trader: Financials lead off earnings season, so Dave has plenty of possibilities from this space to consider. On Thursday, he chose to add First Financial Bankshares (FFIN) with a 12.5% allocation. Why this name among all others? The editor really liked its 58.3% surprise last time. But best of all, FFIN has a positive Earnings ESP of 2.78% for the next report coming before the bell on Thursday, October 22. Also, the expectation for current year revenue growth of 19.95% year over year is “on the high side of what you typically see from a company as mundane as a bank”. The portfolio also sold Thor Industries (THO) for a 3.2% profit in a little over two weeks. See the complete commentary for more. Counterstrike: Earnings season is right around the corner, and Jeremy wants to raise some cash. Fortunately, he has several opportunities to do so. On Thursday, the portfolio sold two positions for double-digit returns. Lumber Liquidators (LL) leaves the portfolio today with a 22.9% return in just two weeks, while Ultra Clean Holdings (UCTT) brought in a 12.6% profit in one month. And the editor also added Keysight Technologies (KEYS) with a 7% allocation. This provider of electronic design and test instrument systems wasn’t appealing to Jeremy in the $90s, but it just keeps moving higher and has turned him into a believer. Plus, KEYS is a Zacks Rank #1 (Strong Buy) that beat by 41% in its quarterly report from August. Read the full write-up for more on today’s action. Marijuana Innovators: Vermont just became the 11th state to legalize recreational marijuana, which led to a great day for cannabis stocks and for this portfolio. And it didn’t hurt that Senator Kamala Harris said a Joe Biden administration would decriminalize marijuana during last night's Vice Presidential debate. As a result, this service had the top two winners on Thursday among all ZU names, as Canopy Growth (CGC) jumped 13.5% and Aphria (APHA) rose 10.3%. Options Trader: "If all goes well tomorrow, it looks like we’ll get our 2nd higher weekly close in a row for both the Dow and the S&P, and the 3rd higher weekly close for the Nasdaq. "(S)tocks continue to rally. And that’s because the economy continues to improve.   "Not only have we had a parade of better than expected economic reports over the last several months, but the future looks even better. One look at Q3 GDP expectations says it all. The Federal Reserve Bank of Atlanta is forecasting a 35.3% growth rate. The largest in history. "In fact, analysts are expecting unprecedented growth for the remainder of the year. And for the annual GDP in 2021 to come in at 5%, which would be the largest annual growth rate in 38 years! "Couple that with near zero interest rates for the foreseeable future (likely 3 years or more), and stocks appear to be gearing up for an historic rally." -- Kevin Matras All the Best, 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: zacksSep 21st, 2021

S&P, Dow Close at New Highs After Impressive Jobs Report

S&P, Dow Close at New Highs After Impressive Jobs Report SPECIAL ALERT: Remember, the latest episode of the Zacks Ultimate Strategy Session will be available for viewing no later than this Wednesday, April 7. Kevin Matras, Kevin Cook, David Borun and Daniel Laboe will cover the investment landscape from several angles in this informative event. Don’t miss your chance to hear: ▪ Kevin Cook and David Agree to Disagree on America's National Debt: Are we headed for a government-led financial crisis?   ▪ Kevin Matras answers your questions in Zacks Mailbag ▪ Kevin Cook and Daniel choose one portfolio to give feedback for improvement ▪ And much more So be sure to mark your calendar then log on to Zacks.com and bookmark this page. The market finally got an opportunity to celebrate Good Friday’s awesome jobs report. Returning from the three-day, Easter weekend, all of the major indices jumped by more than 1% on Monday with two of them closing at all-time highs. The Government Employment Situation report stated that an impressive 916,000 jobs were added to the economy in March, which was about 250K better than expectations and more than doubled the previous month’s result. The unemployment rate moved down to 6%.   As you would expect, jobs are returning to the travel and leisure spaces as the economy moves toward re-opening amid the ongoing vaccine rollout and the recent stimulus passage and infrastructure plan. The S&P jumped 1.44% on Monday to a new closing high of 4077.91. The index closed above 4,000 for the first time ever on Thursday… and now it’s knocking on the door of 4100! The Dow also made history today by jumping 1.13% (or about 374 points) to a new record close of 33,527.19. The NASDAQ actually had the best performance in the session, rising 1.67% (or about 225 points) to 13,705.59. It’s now within 3% of its own closing high. The FAANGs were all higher on the day, especially Alphabet (GOOG, +4.1%) and Facebook (FB, +3.4%). Meanwhile, Apple (AAPL) and Amazon (AMZN) were each up more than 2%, as Tesla (TSLA) jumped 4.4% and Microsoft (MSFT) rose 2.8%. In addition to the jobs report, we also got an historic ISM services report. It was up to 63.7 in March, compared to expectations that were below 60. The result was an all-time high for the index and provided further evidence that this economy is revving up for the re-opening. This may be the most exciting session for the whole week. Earnings season doesn’t begin until late next week, and the biggest economic data has already been released. Of course, the Fed minutes on Wednesday could have an impact... Today's Portfolio Highlights: Technology Innovators: This portfolio is no stranger to Progress Software (PRGS), a Zacks Rank #2 (Buy) that was in the service last year and brought a more than 20% return when sold in December. Brian is hoping that history repeats itself here in 2021. On Monday, he re-added PRGS, which offers the leading platform for developing and deploying mission-critical business applications. It has beaten the Zacks Consensus Estimate in each of the last three quarters with surprises that have been increasing over that time, which is something the editor really likes to see. He also appreciates the company’s valuation. Read the full write-up for a lot more on this new addition. In other news, this portfolio had a top performer on Monday as Amkor Technology (AMKR) advanced 7.4%. Surprise Trader: Earnings season is right around the corner... and Dave can’t wait! The banks kick things off at the end of next week and this portfolio got started today by adding Commerce Bancshares (CBSH). This Zacks Rank #2 (Buy) has reported double-digit beats in each of the past two quarters. Now it has a positive Earnings ESP for the quarter coming before the bell on Thursday, April 15. The editor added CBSH on Monday with a 12.5% allocation, while also selling the underperforming Science Applications International (SAIC) position. Read the full write-up for more on today’s moves. Headline Trader: The addition of Home Depot (HD) back in March was a “no-brainer” for Dan and this new portfolio. The home improvement giant was in a good spot to capitalize on the $1400 checks and the upcoming economic re-opening. And it’s worked out just as the editor planned with the stock already hitting his initial price target. Therefore, he sold half of HD on Monday for a more than 17% return in less than a month. Learn more in the complete commentary. Black Box Trader: This week's adjustment replaced half of the portfolio. All five of the stocks sold today were positive, including two double-digit winners. Those names that left the service on Monday included: • U.S. Steel (X, +15.6%) • Owens & Minor (OMI, +10.2%) • Groupon (GRPN, +3.1%) • Resideo Technologies (REZI, +1.7%) • Covanta Holding (CVA, +0.9%) The new buys that filled these spots were: • Jefferies Financial (JEF) • KB Home (KBH) • Olin Corp. (OLN) • Santander Consumer USA (SC) • Valero Energy (VLO) By the way, this portfolio had the best performer among all ZU services on Monday as United Natural Foods (UNFI) rose 10.5%. Read the Black Box Trader’s Guide to learn more about this computer-driven service. Until Tomorrow, 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: zacksSep 21st, 2021

Fed injects cash for third day as calm returns to funding mark

The Federal Reserve added a third dose of liquidity to a vital corner of the funding markets Thursday, helping rates retreat further as investors warn that fresh bouts of stress remain possible in... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 24th, 2019

Global growth rebound hopes hit by weak factory data

Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown......»»

Category: topSource: reutersMar 22nd, 2019