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Trump's Pentagon nominee quits, Iran targets CIA network »
18 Jun 2019, 23:54

Trump's Pentagon nominee quits, Iran targets CIA networkPresident Donald Trump lost his nominee for Pentagon chief on Tuesday, adding to the volatility in a tense standoff with Iran, which claimed to have dismantled a CIA network. Foreign powers are watching the situation in the Mideast with growing concern as Tehran and Washington exchange warnings about an escalation in their conflict. Trump announced on Twitter that Patrick Shanahan was quitting to spend time with his family.

The Latest: 2 charged in huge cocaine bust at Philly port »
18 Jun 2019, 22:35

The Latest: 2 charged in huge cocaine bust at Philly portTwo members of a container ship's crew face federal drug charges after agents raided their vessel at a Philadelphia port and seized about 33,000 pounds (15,000 kilograms) of cocaine. Court documents filed Tuesday charge Ivan Durasevic and Fonofaavae Tiasage with conspiracy to possess cocaine aboard a ship subject to U.S. jurisdiction.

Attorney Michael Avenatti faces November trial in New York »
18 Jun 2019, 21:35

Attorney Michael Avenatti faces November trial in New YorkCalifornia attorney Michael Avenatti learned Tuesday that he faces a November trial date on charges he tried to extort millions of dollars from Nike. The Nov. 12 trial date was set by U.S. District Judge Paul G. Gardephe at a pretrial hearing in Manhattan. Avenatti participated by telephone.

Police: Arizona man beheads roommate's dog as she moves out »
18 Jun 2019, 21:05

Police: Arizona man beheads roommate's dog as she moves outAn Arizona man has been arrested on suspicion of mutilating and beheading his roommate's dog as she moved out of the home that the two shared in a Phoenix suburb. Jose Vega Meza, 21, told investigators that he killed the dog on Saturday because his roommate owed rent money to his mother, who owns the home in the city of Buckeye, police said. The man's roommate told police she lost track of her dog as she moved out her belongings and saw Vega Meza trying to sneak a box onto her truck.

Sen. Rand Paul: It's a mistake to keep ramping things up in the Middle East »
18 Jun 2019, 20:58

Sen. Rand Paul: It's a mistake to keep ramping things up in the Middle EastForeign Relations Committee member Sen. Rand Paul on U.S. sending additional troops to Middle East amid tensions with Iran.

Facebook’s Libra coin isn’t even out yet, but it’s already facing opposition in Europe »
18 Jun 2019, 20:20

Facebook’s Libra coin isn’t even out yet, but it’s already facing opposition in EuropeFacebook on Tuesday announced the Bitcoin rival it has been developing for the better part of a year: Libra. From the start, Facebook insisted on how secure Libra would be, and on the fact that a subsidiary called Calibra will be in charge of Libra, and that a Libra Association would oversee the Libra blockchain.It's as if Facebook wanted to ensure everyone ahead of Libra's 2020 launch that the coin won't be another way for the company to make money off of its customers by collecting even more personal data from them. We told you before the announcement that you should avoid Libra at all costs until Facebook proves it can be trusted with our privacy. But now that Libra is official, it's already facing opposition out of Europe.As the recent past has shown, it's Europe that US tech companies have to fear. Google has been slapped with no less than three multi-billion dollar fines in anti-trust cases, and regulators in various countries aren't fans of Facebook in light of the recent scandals that plagued the social network.Facebook's desire to handle payments won't go unnoticed or unscrutinized in the region, and the French finance minister Bruno Le Maire already commented on Libra. "It is out of question" that Libra "become a sovereign currency," Le Maire said in an interview with Europe 1 radio, per Bloomberg. "It can't and it must not happen."The official also called on the Group of Seven central bank governors to prepare a report on Facebook's project for the upcoming July meetings. Le Maire's fears were echoed by Markus Ferber, a German member of the European Parliament who took to -- wait for it -- Facebook to say that with more than 2 billion users, the company could become a "shadow bank," and that regulators should be on high alert."Multinational corporations such as Facebook must not be allowed to operate in a regulatory nirvana when introducing virtual currencies," said Ferber.The other day I said that Libra does have one advantage over other cryptos: It can raise awareness about blockchain tech and digital currencies to teach more people about cryptocurrencies and the blockchain. In light of these first reactions from the EU, there's one other side-effect that Libra might have on the crypto space. It could convince more governments to take a closer look at cryptos, and issue stricter regulation.

The Latest: Indiana AG's office plans vigorous defense »
18 Jun 2019, 19:54

The Latest: Indiana AG's office plans vigorous defenseThe Indiana attorney general's office says it will vigorously defend him against a federal lawsuit by four women who say he drunkenly groped them during a party last year. The lawsuit filed Tuesday alleges sexual harassment by Republican state Attorney General Curtis Hill on a state lawmaker and three legislative staffers in March 2018 at an Indianapolis bar. Hill has denied wrongdoing and rebuffed calls from Republican Gov. Eric Holcomb to resign.

Paul Manafort reportedly won’t go to Rikers Island prison, thanks to the Justice Department »
18 Jun 2019, 19:00

Paul Manafort reportedly won’t go to Rikers Island prison, thanks to the Justice DepartmentPaul Manafort, President Trump’s former campaign manager who was convicted of multiple federal crimes, will no longer be transferred to New York City’s notorious Rikers Island jail after all, the New York Times reported on Monday.

NASA says there’s ‘no doubt’ SpaceX Crew Dragon explosion has pushed back crewed flights »
18 Jun 2019, 18:48

NASA says there’s ‘no doubt’ SpaceX Crew Dragon explosion has pushed back crewed flightsNASA desperately needs a way to get its astronauts into space without paying for pricey seats aboard Russian rockets, but the agency's two best hopes -- SpaceX and Boeing -- are stumbling a bit at the finish line. Boeing's Starliner has been plagued by delays nearly from the start, and SpaceX is now dealing with its own list of problems.In remarks to reporters at the Paris Airshow, NASA Administrator Jim Bridenstine admitted that the recent destruction of a SpaceX Crew Dragon capsule during static testing is a major setback for NASA's crewed flight schedule. The race to be the first to deliver a suitable solution for NASA's needs now appears to be anyone's game."There is no doubt the schedule will change," Bridenstine reportedly said during his brief talk. "It won't be what was originally planned."Back in late April, something went seriously wrong during a static test of Crew Dragon's thrusters. The thrusters being tested were those that would spring into action if a launch had to be aborted after it had already lifted off. They're designed to push the crew capsule away from the rest of the launch vehicle, keeping the crew safe.Unfortunately, a glitch that so far has been described only as "an anomaly" occurred and the entire Crew Dragon capsule was destroyed in a fiery explosion. Details regarding exactly what went wrong have been scant, but both NASA and SpaceX are still conducting their investigations into the matter.Up until that point, SpaceX was clearly beating competitor Boeing in the race to finish a crew-capable NASA spacecraft. However, an explosion can be a pretty big setback, and now it's unclear when SpaceX will be able to resume its testing and get back on track. In the meantime, NASA will just have to wait.

How to Grill Pineapple for Tacos, Salsa, Sundaes, and More »
18 Jun 2019, 17:39

How to Grill Pineapple for Tacos, Salsa, Sundaes, and More

Reynolds Wrap will pay someone $5,000 a week to travel across America eating ribs »
18 Jun 2019, 17:34

Reynolds Wrap will pay someone $5,000 a week to travel across America eating ribsGrill masters and backyard barbecue bosses, listen up

Bentley Will Offer Hybrid Versions of Every Car It Makes and Add an EV by 2025 »
18 Jun 2019, 16:36

Bentley Will Offer Hybrid Versions of Every Car It Makes and Add an EV by 2025The hybrids are coming first, followed by Bentley's first ever full-electric vehicle.

Hawaiian, Southwest, Allegiant top Forbes list of fastest airlines in the U.S. »
18 Jun 2019, 16:30

Hawaiian, Southwest, Allegiant top Forbes list of fastest airlines in the U.S.Hawaiian, Southwest and Allegiant airlines topped the list that measured efficiency and government on-time percentage rates.

IRGC chief says Iran's ballistic missiles capable of hitting 'carriers in the sea' »
18 Jun 2019, 16:16

IRGC chief says Iran's ballistic missiles capable of hitting 'carriers in the sea'The commander of Iran's elite Revolutionary Guards Corps said on Tuesday that Iran's ballistic missiles were capable of hitting "carriers in the sea" with great precision. "These missiles can hit with great precision carriers in the sea ... These missiles are domestically produced and are difficult to intercept and hit with other missiles," Brigadier General Hossein Salami said in a televised speech.

Could GM Bring Hummer Back as an Electric SUV Brand? »
18 Jun 2019, 15:48

Could GM Bring Hummer Back as an Electric SUV Brand?Reports are swirling about the revival of the military-inspired SUVs.

CORRECTED-UPDATE 1-Boeing 737 MAX boosted by IAG plan to order 200 jets »
18 Jun 2019, 15:07

CORRECTED-UPDATE 1-Boeing 737 MAX boosted by IAG plan to order 200 jetsBoeing's grounded 737 MAX jet received a boost on Tuesday after British Airways-owner IAG signed a letter of intent to order 200 of the planes and said it was confident that it would return to service in the coming months. Boeing said the deal had a value of more than $24 billion at list prices. IAG said the mix of 737-8 and 737-10 aircraft, to be delivered between 2023 and 2027, would be powered by CFM Leap engines and used across a number of its airlines including British Airways, Vueling and Level.

Democrat Bullock seizes spotlight after getting left out of presidential debate »
18 Jun 2019, 14:00

Democrat Bullock seizes spotlight after getting left out of presidential debateMontana Governor Steve Bullock is making a flurry of appearances on television and the campaign trail after getting locked out of next week's Democratic Party presidential debate, a move aimed at turning the bad news into a boost for his candidacy. While 20 of his rivals meet over two nights on the debate stage in Florida, Bullock will be in Iowa and New Hampshire - the first states to have presidential nominating contests - holding televised town halls. A new ad being released on Tuesday and seen by Reuters complains that Bullock was "ousted" from the debate and urges supporters to donate to his campaign.

Japan earthquake: Magnitude 6.8 quake strikes off northwestern Japan, tsunami warning issued »
18 Jun 2019, 13:55

Japan earthquake: Magnitude 6.8 quake strikes off northwestern Japan, tsunami warning issuedA 6.8 magnitude earthquake struck off northwestern Japan, triggering a tsunami warning.

View Photos of the 2020 Lexus GX »
18 Jun 2019, 10:00

View Photos of the 2020 Lexus GX

Venezuela receives second shipment of Red Cross aid »
18 Jun 2019, 7:49

Venezuela receives second shipment of Red Cross aidVenezuela Monday received a second shipment of Red Cross humanitarian aid, including 24 tonnes of medical supplies and generators provided by Panama, intended for hospitals to help address the country's acute health crisis. In a statement, the Venezuelan Red Cross said it had received "medicines, medical supplies and power generators" that will be distributed in hospitals across the country, which is experiencing the worst crisis in its recent history. Six trucks moved the supplies to a Red Cross warehouse in Caracas, an AFP journalist confirmed.

Forget Glock or Sig Sauer: This 100 Year Old Gun Might Be Better »
18 Jun 2019, 6:00

Forget Glock or Sig Sauer: This 100 Year Old Gun Might Be BetterThe response of some weapons designers might have been to develop a fully automatic gun. If one bullet wouldn’t stop the enemy, three might. That would be the argument of a disposable, consumerist culture of overabundance, but we weren’t there yet. The 1911 was frugal with the bullets, but the ones it dished out really did the job.The 1911 is one of the most notorious handguns in history and easily the most famous in America, having seen action in every U.S. conflict since World War I. One of the most successful product designs ever, the 1911 has achieved something rare in the world of machines: immortality. Over a hundred years old, it remains largely unchanged.What Apple is to consumer electronics, John Browning was to late 19th and early 20th century firearms. The 1911 is his most famous design. The typical 1911 is 8.25 inches from tip to tail and weighs 2.49 pounds empty — about as much as a trade paperback book. The 1911 is made of steel, steel and more steel, and takes a magazine that holds seven bullets.The 1911 has seen service in World War I, Mexico, Haiti, Nicaragua, the Dominican Republic (twice), Lebanon, World War II, the Korean War, Vietnam, Iran, Grenada, Panama, the Gulf War, the Iraq War and Afghanistan. It has chased bad men from Pancho Villa to Osama Bin Laden.

Don't open 'Pandora's Box' in Middle East, China warns »
18 Jun 2019, 4:57

Don't open 'Pandora's Box' in Middle East, China warnsThe Chinese government's top diplomat warned on Tuesday that the world should not open a "Pandora's Box" in the Middle East, as he denounced U.S. pressure on Iran and called on it not to drop out of a landmark nuclear deal. Fears of a confrontation between Iran and the United States have mounted since last Thursday when two oil tankers were attacked in the Gulf of Oman. The United States blamed Iran for the attacks, more than a year after President Donald Trump withdrew from a 2015 Iran nuclear deal.

DR officials identify man believed to have paid Ortiz hitmen »
18 Jun 2019, 2:17

DR officials identify man believed to have paid Ortiz hitmenDominican authorities on Monday identified the man they believe paid hit men to try and kill David Ortiz, adding that they were closing in on the mastermind and motive behind the shooting of the famous slugger who is recovering at a hospital in Boston. The man was identified as Alberto Miguel Rodríguez Mota, whom authorities say is a fugitive. The announcement was made as a judge held a hearing closed to the public for another suspect nicknamed "Bone." Officials did not release details, but according to court documents obtained by The Associated Press, the man, whose real name is Gabriel Alexánder Pérez Vizcaíno, is accused of being the liaison between the alleged hit men and the person who paid them.

Venezuela's Guaidó grapples with case of alleged corruption »
18 Jun 2019, 2:06

Venezuela's Guaidó grapples with case of alleged corruptionVenezuela's U.S.-backed opposition on Monday came under increasing scrutiny for a case in which two activists allegedly misappropriated funds designated to help Venezuelan security forces who deserted and crossed into Colombia. Opposition leader Juan Guaidó said his diplomatic representative in Colombia will on Tuesday provide Colombian investigators with information about an opposition probe of the case. Guaidó, who is trying to topple Venezuelan President Nicolás Maduro, says anyone found guilty of wrongdoing must be punished.

Gunman dead, 2 injured in second California Costco shooting in three days »
18 Jun 2019, 1:34

Gunman dead, 2 injured in second California Costco shooting in three daysA gunman shot two people in a Costco parking lot Monday afternoon in Southern California before turning his weapon on himself.

Death toll from China quakes rises to 11 »
18 Jun 2019, 0:07

Death toll from China quakes rises to 11BEIJING/SHANGHAI, June 18 (Reuters) - The death toll from two strong earthquakes in China rose to 11 on Tuesday, with 122 people injured, state media said, adding that rescuers pulled some survivors from rubble in a part of the country that often suffers strong tremors. The quakes, roughly 30 minutes apart, hit the southwestern province of Sichuan late on Monday, with shaking felt in key regional cities, such as the provincial capital of Chengdu and the metropolis of Chongqing. People rushed into the streets and cracks were left in some buildings by the quakes, pictures posted on the social media accounts of state media showed.

Alex Jones Faces Court Action After Threatening Sandy Hook Lawyer »
17 Jun 2019, 22:28

Alex Jones Faces Court Action After Threatening Sandy Hook LawyerAndrew Harrer/Bloomberg via GettyA Connecticut judge could impose penalties on InfoWars conspiracy theorist Alex Jones on Tuesday, after Jones aired a show where he punched a picture of an attorney representing Sandy Hook families and called the lawyer a “pimp.”In a motion filed Monday in Connecticut, attorneys for the Sandy Hook families asked the court to review Friday’s episode of InfoWars. In that show, Jones raged at attorney Chris Mattei, who’s representing Sandy Hook families suing Jones for saying the 2012 elementary school massacre never happened.While sitting next to his own attorney, Norm Pattis, Jones accused Mattei without evidence of planting child porn on InfoWars’s servers.“Total war!” Jones said. “You want it, you got it! I’m not into kids like your Democratic Party, you cocksuckers! So get ready!”Alex Jones Offers $1M Reward After Alleged ‘Malware’ Attack That He Says Planted Child Porn on His ServersWhile producing emails during the lawsuit’s discovery process, InfoWars accidentally handed over child pornography that had been emailed to the company by one or more anonymous people. The emails were then sent to a company handling document review for the Sandy Hook attorneys, the latest error in a discovery process that InfoWars and Jones have been frequently accused of hindering.  After receiving the images, the Sandy Hook attorneys contacted the FBI, who took over the document review process. In their motion, the attorneys say InfoWars could have avoided forwarding the emails if they had conducted “even minimal due diligence.” “They transmitted images to the plaintiffs that if they were knowingly possessed is a serious federal crime,” the attorneys say in the motion. In a statement, Pattis said InfoWars employees hadn’t opened the emails when they were originally received. “I spoke to federal prosecutors last week,” Pattis said. “They report that there is no indication anyone at InfoWars knowingly possessed child pornography. The items were embedded in emails sent to folks at InfoWars without ever having been opened.”On his Friday show, Jones concocted a conspiracy theory that Mattei had planted the child porn himself in an attempt to discredit InfoWars. Jones fumed at Mattei, calling him a “white-shoe boy that thinks he owns America.” Twitter Permanently Bans Alex Jones and InfowarsPattis appeared uncomfortable as Jones raged at the plaintiff’s attorney, at one point urging Jones to calm down and referring to Jones as “young man.” At one point during the show, Jones punched a picture of Mattei. Pattis told Jones to stop showing Mattei’s face on air, adding that they didn’t know who had sent InfoWars the child pornography.“I didn’t come on your show to be made out to be a naive fool,” Pattis said. The Sandy Hook attorneys urged the judge in the case to consider action against Jones over the show at a hearing on Tuesday. They haven’t specified yet what kind of action they want, but say in their motion that the court has an “obligation to protect” the lawyers on the case. Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.

See Photos of the Porsche 718 Cayman GT4 »
17 Jun 2019, 22:00

See Photos of the Porsche 718 Cayman GT4

Suspected home intruder chased off by 11-year-old boy with machete »
17 Jun 2019, 20:48

Suspected home intruder chased off by 11-year-old boy with macheteAn 11-year-old boy is making headlines after he chased off three home invadersby striking one of them with a machete last Friday morning, according to WTVD

'It's a bunch of malarkey': Biden blasts Trump for stirring racial tensions »
17 Jun 2019, 19:46

'It's a bunch of malarkey': Biden blasts Trump for stirring racial tensionsFormer Vice President Joe Biden told an anti-poverty gathering Monday that President Trump has pitted racial groups against one another, but pushed back against criticism of his calls for bipartisan compromise.

Justice Thomas urges U.S. Supreme Court to feel free to reverse precedents »
17 Jun 2019, 19:45

Justice Thomas urges U.S. Supreme Court to feel free to reverse precedentsWriting in a gun possession case over whether the federal government and states can prosecute someone separately for the same crime, Thomas said the court should reconsider its standard for reviewing precedents. Thomas said the nine justices should not uphold precedents that are "demonstrably erroneous," regardless of whether other factors supported letting them stand. "When faced with a demonstrably erroneous precedent, my rule is simple: We should not follow it," wrote Thomas, who has long expressed a greater willingness than his colleagues to overrule precedents.

Intense Garlic Hack Has Captivated the Internet and People Have Never Been More Pumped to Peel »
17 Jun 2019, 17:53

Intense Garlic Hack Has Captivated the Internet and People Have Never Been More Pumped to PeelThis is a life-changing hack for garlic lovers

Morsi: from Egypt election triumph to death as inmate »
17 Jun 2019, 16:54

Morsi: from Egypt election triumph to death as inmateMohamed Morsi, who died Monday aged 67, was Egypt's first democratically elected president but spent just one turbulent year in office after the 2011 uprising before the army toppled him. The Islamist's overthrow was followed by a brutal crackdown that killed hundreds of supporters of his Muslim Brotherhood movement and dealt a major blow to political Islam. Morsi was sentenced to death in May 2015 for his role in jailbreaks during the uprising that ousted his predecessor, longtime autocrat Hosni Mubarak.

Daring maneuver brings NASA’s orbiter closer to an asteroid than ever before »
17 Jun 2019, 15:44

Daring maneuver brings NASA’s orbiter closer to an asteroid than ever beforeNASA's OSIRIS-REx spacecraft has been orbiting the space rock known as Bennu since the start of the year. It caught up with the asteroid in late December of 2018 and successfully inserted itself into orbit around the object around New Year's day. There have been several "firsts" along the way, but its latest maneuver is the most daring yet, and it allowed the spacecraft to break yet another record.A recent tweak to its orbit has brought the probe to an orbit of just 680 meters, or around 2,230 feet from the asteroid's surface. This is now the closest that any manmade spacecraft has orbited any planetary body.It's a stellar achievement for NASA, but it's worth noting that the previous record was actually already held by the OSIRIS-REx probe. What NASA did was break its own record and set itself even farther ahead from any competition to come in the future.This new orbit, which the research team calls the Orbital B phase, will give scientists a better understanding of the asteroid's surface and hopefully allow NASA to choose a suitable location where the probe can briefly snag a sample of its material.Actually pulling off such a daring maneuver will be incredibly risky, and nobody is quite sure if the spacecraft can make it happen. This is due in large part to the incredibly messy surface of Bennu, which surprised scientists when they got their first close look. The asteroid's surface is littered with debris ranging from tiny pebbles to massive boulders, and the spacecraft's handlers now have to find the safest place on the rock from which to gather a sample.Assuming it pulls off the sample grab, the probe will then leave Bennu and return to Earth with the sample material stowed safely for scientists on Earth to examine.

Supreme Court allows Virginia to block mining of nation's largest uranium deposit »
17 Jun 2019, 15:26

Supreme Court allows Virginia to block mining of nation's largest uranium depositThe Supreme Court ruled in a dispute between Virginia and companies that wanted to mine the nation's largest deposit of uranium.

McConnell on Jon Stewart: 'I don't know why he's all bent out of shape' over 9/11 victims' fund »
17 Jun 2019, 15:23

McConnell on Jon Stewart: 'I don't know why he's all bent out of shape' over 9/11 victims' fundThe Senate majority leader says he can’t understand why the former “Daily Show” host is angry over the handling of health care funding for 9/11 victims.

Amazon synod to debate ordination of married men »
17 Jun 2019, 15:13

Amazon synod to debate ordination of married menAn upcoming Vatican global synod dedicated to the Amazon is set to discuss allowing married men in remote areas to be ordained as priests, according to a preview of the meeting made public on Monday. The much-anticipated discussion, which will form part of the October 6 to 27 synod, is aimed at boosting the stock of potential clergy in far-flung areas where they are currently scarce. Pope Francis has repeatedly said there is no doctrinal prohibition on married men who have reached a certain age from becoming priests, and therefore the discipline could be changed.

Hong Kong activist Joshua Wong leaves jail, vows to join protests »
17 Jun 2019, 14:53

Hong Kong activist Joshua Wong leaves jail, vows to join protestsLeading Hong Kong democracy activist Joshua Wong walked free from prison Monday and vowed to join historic anti-government protests rocking the finance hub, as activists kept up pressure on the city's embattled pro-Beijing leader. Organisers said some two million people -- more than a quarter of the population -- marched in tropical heat on Sunday calling for the resignation of chief executive Carrie Lam and protesting against a bill that would have allowed extraditions to the Chinese mainland. Police commissioner Stephen Lo said late Monday that only "some people" had rioted on that day, appearing to back down from previous comments from Lam, who described the June 12 protest as an "organised riot".

Today’s best deals: $7 Alexa smart plugs, $13 color smart lights, $25 Fire TV Stick, $15 Wi-Fi extender, more »
17 Jun 2019, 14:35

Today’s best deals: $7 Alexa smart plugs, $13 color smart lights, $25 Fire TV Stick, $15 Wi-Fi extender, moreWe're kicking off the new week with a phenomenal roundup of the best daily deals we could find. Highlights include top-rated Alexa and Google enabled smart plugs for just over $7 a piece when you buy a 4-pack and clip the $3 coupon, renewed Fire TV Sticks for $24.99, the best-selling TP-Link Wi-Fi range extender on Amazon for just $14.99, brand new iPads at their lowest prices of all time, the Apple Watch Series 3 in both sizes at all-time low prices, $13 color LED smart light bulbs that are just as good as $50 Philips Hue bulbs, a 10W fast wireless charging stand for only $8.99, $70 Nintendo Switch Pro Controllers for just $49.99 a piece, the best-selling Instant Pot at its lowest price of 2019, 12 months of PlayStation Plus for $39.99 instead of $60, and more. Check out all of today's best deals below.

600 people on Monsanto 'watch lists' in Germany, France: Bayer »
17 Jun 2019, 13:12

600 people on Monsanto 'watch lists' in Germany, France: BayerUS seeds and pesticides maker Monsanto kept lists of around 600 key pro- and anti-pesticides figures in Germany and France alone, its German parent company Bayer said Monday amid a widening probe. Bayer has admitted the lists covered politicians, journalists and others across seven European countries and in Brussels. "Update on Monsanto stakeholder lists: until the end of last week, the firm hired by Bayer contacted all the people on the German and French lists," Bayer's press department tweeted.

Japan protests Chinese activity near disputed islands »
17 Jun 2019, 11:54

Japan protests Chinese activity near disputed islandsJapan has protested what is says was an unauthorized Chinese maritime survey within its economic waters near disputed East China Sea islands, officials said Monday. Japan's Foreign Ministry said it lodged a protest with Beijing after a Chinese maritime research ship was seen dropping a wire-like object into the water off the northwestern coast of Japanese-controlled Senkaku islands on Sunday. China also claims the islands, which it calls Diaoyu.

John Oliver Makes the Case for Impeachment on Last Week Tonight »
17 Jun 2019, 11:48

John Oliver Makes the Case for Impeachment on Last Week Tonight“Not opening an inquiry comes with consequences, too," says Oliver.

Attacks on oil tankers in Gulf spark fears of return to 1980s 'Tanker Wars' »
17 Jun 2019, 11:24

Attacks on oil tankers in Gulf spark fears of return to 1980s 'Tanker Wars'The spate of alleged Iranian attacks on oil ships in the Gulf of Oman has raised global fears of a return to the “Tanker Wars” of the 1980s, when oil tankers were regularly targeted and US warships fought cat-and-mouse battles with Iranian forces.  Shipping analysts said that this week’s attack on two oil tanker had sent tensions in the Gulf to their highest point since 1987, when Iraq and Iran began destroying each other’s oil infrastructure, and sent maritime insurance prices spiraling.  The Tanker Wars ended only after the US deployed its largest naval convoy since the Second World War to protect Kuwaiti oil vessels and after American forces engaged in direct combat with Iranian ships.     “We’ve had six tankers explode in that region in the last four weeks. The industry is about as close to a conflict footing as it has ever been been in the past,” said Richard Meade, the editor of Lloyd’s List, a shipping intelligence agency. “We haven't seen tankers being targeted or caught in the cross fire in this way since the late 1980s. The industry is understandably very nervous and this is being taken very seriously.” The US blamed Iran for Thursday's attack Credit: AP Photo/ISNA Meanwhile, US officials said Iranian forces had attempted to shoot down an American drone in the Gulf of Oman shortly before beginning their attack on two oil tankers on Thursday, according to CNN. If confirmed, the attempt would signal a willingness by Iran to directly confront the US in the Persian Gulf, rather than striking non-American targets in the hope of avoiding retaliation by US forces. The unmanned drone reportedly observed Iranian vessels in the vicinity of the two oil tankers but did not capture them actually carrying out the attack.  Another US drone was reportedly successfully shot down by Iranian-backed Houthi rebels in Yemen last week. The rebels released photos of a wrecked aircraft but the US has not officially confirmed what happened. Hassan Rouhani, Iran’s president, repeated his threat on Saturday to breach the 2015 nuclear agreement by resuming enrichment of the kind of high-grade uranium which could be used in a nuclear weapon.  Mr Rouhani has said that high-grade enrichment will resume in July unless the European signatories to the nuclear deal find a way to circumvent US sanctions and bring relief to Iran’s faltering economy.  Iran's president, Hassan Rouhani, threatened to breach the nuclear deal next month Credit: ABEDIN TAHERKENAREH/EPA-EFE/REX “Iran cannot stick to this agreement unilaterally," Mr Rouhani told Russian, Chinese and other Asian leaders at a conference in Tajikistan.  He did not mention the tanker incident but Iran has denied responsibility. Jeremy Hunt, the foreign secretary, and several other Conservative leadership candidates also condemned Jeremy Corbyn after the Labour leader questioned whether there was credible evidence Iran was responsible for this week’s attacks.    The US released a video which it said showed Iranian forces trying to hide evidence of attacking the tankers and the British government said that it was “almost certain” that Iran’s Revolutionary Guard was responsible.  “Without credible evidence about the tanker attacks, the government’s rhetoric will only increase the threat of war,” Mr Corbyn said.  Britain should act to ease tensions in the Gulf, not fuel a military escalation that began with US withdrawal from the Iran nuclear agreement. Without credible evidence about the tanker attacks, the government’s rhetoric will only increase the threat of war.— Jeremy Corbyn (@jeremycorbyn) June 14, 2019 Mr Hunt called the comments “pathetic and predictable”. “From Salisbury to the Middle East, why can he never bring himself to back British allies, British intelligence or British interests?” Mr Hunt said. Dominic Raab, Michael Gove, and Sajid Javid also criticised Mr Corbyn's comments. Mr Raab said the Labour leader was allowing "his anti-American prejudice to skew his moral compass and political judgment". Heiko Mass, the German foreign minister, also said the grainy video released by the US was “not enough” to prove Iran was behind the attack. The UN called for an independent investigation into what happened.   Khalid al-Falih, the Saudi energy minister, said there must a be a "swift and decisive" reponse to the threats against energy supplies caused by the attacks. The Tanker War began in 1981 but erupted into all-out conflict three years later when Saddam Hussein’s forces attacked Iranian oil tankers and Iran responded by targeting Kuwaiti tankers carrying Iraqi oil.    More than 450 ships were attacked during the eight years of fighting. Alarmed by the spiraling conflict, the US took Kuwaiti tankers under its own protection and deployed 30 warships to the Persian Gulf.  The conflict led to direct combat between Iran and the US, including Operation Praying Mantis, where US forces killed around 60 Iranian sailors in response to an American ship being damaged by a naval mine.  The US Navy accidentally shot down a civilian Iran Air flight during that period, killing all 290 people onboard.  Brett McGurk, a former US diplomat, said there was potentially “more risk and uncertainty today” than in 1988 because the Tanker War was confined to the Persian Gulf while current asymmetric struggle between the US was playing out in Iraq, Syria, Yemen and elsewhere.    It remains unclear what will happen to the 23 crew members of the Front Altair, one of the damaged tankers, who were picked up by Iranian forces and taken to the Iranian port of Jask. Eleven of the crew are Russian and they are expected to be eventually repatriated.   US officials said Iranian speed boats were preventing tugs from reaching the stranded Front Altair and towing it back to port. The Kokuka Courageous, other tanker, was expected to be returned to the United Arab Emirates on Sunday.

Whoops — The U.S. Army Owns Potentially Hundreds of Thousands of Faulty Guns »
17 Jun 2019, 10:55

Whoops — The U.S. Army Owns Potentially Hundreds of Thousands of Faulty GunsIt’s an inescapable reality that in big institutions, people will sometimes overlook memos and misplace equipment.But that’s cold comfort to the U.S. Army, which is struggling to select a new handgun while also dealing with the fallout from its last, controversial pistol choice.That’s right — overlooked memos and misplaced equipment.This first appeared in 2016.In August 2015, the ground combat branch inspected its Beretta M-9 pistols to make sure the guns had key safety fixes. The Army was supposed to have finished upgrading all the guns … more than two decades ago.“During a training exercise, a soldier was injured when a slide failure resulted in the rear portion of the slide separating from the receiver and struck him in the face,” an official warning explained.“‘WARNING’: DEATH OR SERIOUS INJURY TO SOLDIERS, OR DAMAGE TO ARMY EQUIPMENT WILL OCCUR IF THE INSTRUCTIONS IN THIS MESSAGE ARE NOT FOLLOWED.”

Since When Are Liberals against Investigating the CIA and FBI? »
17 Jun 2019, 10:30

Since When Are Liberals against Investigating the CIA and FBI?Was there ever a time when Americans had unquestioning faith in federal law-enforcement agencies? Maybe in the days before Vietnam and Watergate, most citizens did believe that those in charge of the nation’s fate could be trusted. Before World War II, the FBI’s formidable public-relations machine actually produced a popular radio and television program lauding its efforts “in peace and war.” After the war, when the CIA became the country’s first full-time foreign-intelligence agency, few Americans understood much about what it was doing, and what little they did know was colored by the government’s propaganda efforts.But ever since the upheaval of the late 1960s and early 1970s seemed to make cynicism about government our new national pastime, the notion that the intelligence community is above politics has been as outdated as the adulation once accorded to J. Edgar Hoover. It’s in that context that we should understand the recent debate about whether it’s appropriate to scrutinize the CIA and FBI’s role in the origins of the Russia probe. Though Democrats are now treating criticism of federal law enforcement as beyond the pale, their newfound faith is every bit as partisan as Republicans’ newfound skepticism. A sober look at the history of the past few decades reveals that, to paraphrase Clausewitz, in Washington, intelligence has always been a matter of politics by other means.Attorney General William Barr’s decision to launch an investigation into the origins of the Russia investigation has caused some predicable anger among Democrats and other Trump-administration critics. This discomfort stems from what they regard as an attempt to flip the narrative from Trump’s alleged collusion with Russia to a dubious decision by the FBI to begin spying on the political opponents of Hillary Clinton and the Obama administration.Given the failure of the investigation led by Special Counsel Robert Mueller to prove the collusion allegations, Barr’s attempt to determine whether the unprecedented probe of a presidential campaign was an abuse of power seems reasonable. But Barr’s decision is a huge problem for Democrats who are hoping to pursue the impeachment of Trump by picking up the case that Mueller failed to make after two years of effort.So we saw CNN crime-and-justice reporter Shimon Prokupecz this week telling host Don Lemon that it is “troubling” that the Department of Justice is questioning the work of CIA agents. “You don't do this,” Prokupecz said. “The CIA kind of operates in their own world.” Indeed the CIA does, but that never stopped Democrats or the press from going all out to probe its activities as long as said activities were perceived to further their opponents’ political agenda.Prokupecz and the House Democrats who are rushing to the barricades to defend the actions of former CIA director John Brennan at the beginning of the Mueller probe are acting as if the agency’s reputation has never before been called into question. Some of them may be too young to have experienced the political ferment of the 1970s and’80s, in which congressional committees led by Democrats such as Frank Church and Otis Pike conducted far-reaching investigations that embarrassed the intelligence establishment. But surely they have some memory of the debates about intelligence after the 9/11 attacks and the heated run-up to George W. Bush’s Iraq War. The only difference between those episodes and this one is that the political parties have switched sides.In the past, it was Republicans defending the FBI and the CIA against Democrats’ charges that these agencies were out of control. But since the summer of 2016, when the intelligence establishment seemed to join forces to raise alarms about Russian meddling in the presidential election and, more important, to raise concerns about untrue allegations of Trump-campaign collusion in that meddling, Democrats have acted as if Langley and Quantico are beyond reproach.Once Trump started criticizing the intelligence agencies’ consensus about Russians’ election interference, and then after it became known that the FBI and CIA had begun probing his campaign in the summer of 2016, Democrats became unstinting in their defense of the agencies. By contrast, Republicans who had been stalwart CIA and FBI defenders suddenly became bitter critics, demanding transparency and sometimes floating the same sort of conspiracy theories about the intelligence community’s activities that used to be the province of the Left.Sensible people of either party will always seek to mix deference to the intelligence community’s mission, which often requires a fair degree of secrecy, with an understanding that all government officials and agencies must be kept on a tight leash lest they abuse the awesome power vested in them.To those who have followed past controversies involving the FBI and CIA, it should seem entirely plausible that some federal law-enforcement agents could let their distaste for Trump get the better of them. That Democrats no longer care and Republicans suddenly do testifies to the fact that in Washington, most things always boil down to politics.

Buttigieg: There's Definitely Been Gay Presidents Before »
17 Jun 2019, 9:58

Buttigieg: There's Definitely Been Gay Presidents BeforeReuters / John Sommers IIIf he wins in 2020, Pete Buttigieg is pretty sure he won't be the first gay president. Speaking to Axios on HBO, the South Bend mayor was asked how he's going to respond to people who attack him during the campaign for being too young, too liberal, or too gay to be the American president. “We have had excellent presidents who have been young,” he said. “We have had excellent presidents who have been liberal. I would imagine we've probably had excellent presidents who were gay—we just didn't know which ones.” He went on to say that it was statistically “almost certain” that there had been gay presidents, but he couldn't name names. “My gaydar even doesn't work that well in the present, let alone retroactively,” he lamented.Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.

Forget Stealth Fighters or Aircraft Carriers: China Will Beat America with This »
17 Jun 2019, 9:00

Forget Stealth Fighters or Aircraft Carriers: China Will Beat America with ThisWhat’s particularly interesting about a Chinese drone swarm is China’s predominance in drone production. Chinese manufacturer DJI makes nearly 80 percent of the drones used in the United States and Canada (U.S. authorities recently warned these robots could be stealing data from their users). Such a solid manufacturing base puts Beijing in a strong position to build large numbers of small attack drones.China has a history of overwhelming its enemies with sheer numbers of troops.Now, China may have a modern iteration on that tactic: swarms of tiny rocket-armed helicopter drones that will swamp enemy forces like angry bees.(This first appeared last month.)“China’s domestically developed helicopter drones carrying proximity explosive mortar shells, grenade launchers and machine guns can now form swarms and engage in coordinated strikes,” according to Chinese newspaper Global Times, citing a statement by the Guangdong-based Zhuhai Ziyan company, which makes unmanned aerial vehicles. The system was also displayed at a recent Turkish defense trade show.

Boeing's embattled chief faces tough crowd at Paris Air Show »
17 Jun 2019, 6:00

Boeing's embattled chief faces tough crowd at Paris Air ShowBoeing CEO Dennis Muilenburg will have his work cut out for him at the Paris Air Show this week as he tries to reassure airlines and industry partners over the fate of its flagship 737 MAX plane, indefinitely grounded after two fatal crashes.

Hong Kong activist Joshua Wong vows to fight 'long term battle' after surprise release »
17 Jun 2019, 5:18

Hong Kong activist Joshua Wong vows to fight 'long term battle' after surprise releaseJoshua Wong, one of Hong Kong’s most renowned pro-democracy activists, vowed to fight the “long term battle” for the city’s freedoms after his surprise release from jail on Monday morning. Mr Wong, 22, who became the face of the “Occupy” movement five years ago when he was just a teenager, was freed from the Lai Chi Kok Correctional Institute halfway through a delayed two month sentence for obstructing the clearance of a major protest camp during the 2014 mass protests. The exact reasons for his release remain unconfirmed, but the timing suggests Hong Kong’s authorities may have been seeking to ease public tension after what may have been the city’s largest rally since 1989, when citizens flooded the streets in support of Tiananmen Square activists. Protest groups on Sunday claimed that two million people had clogged the streets of the financial hub, demanding the resignation of Hong Kong leader Carrie Lam and the scrapping of a controversial extradition law that leaves citizens vulnerable to being renditioned into China’s opaque justice system. Granting the freedom of a charismatic youth leader at a time when the grassroots protest movement is building momentum was an unusual move by the Lam administration. Joshua Wong thanks the media after being released  Credit: Rex But it perhaps indicated the government’s growing desperation to claw back public trust during one of Hong Kong’s worst political crises in decades.   The announcement of his release was made late on Sunday after Ms Lam issued a rare apology for misjudging the public’s views and pledged to “adopt a most sincere and humble attitude.” Addressing a media scrum on the side of the road in fluent Cantonese, Mandarin and English, Mr Wong said he was ready to rejoin the frontlines of the pro-democracy movement and immediately echoed their demands for Ms Lam to step down. If she did not do so before the 22nd anniversary in July of Hong Kong’s handover to China, even more people would throng the streets to “join our fight until we get our basic human rights and freedom.” Hong Kong protests against extradition bill, in pictures Mr Wong praised the “spirit and dignity of the Hong Kong people” who have staged two massive demonstrations against the extradition bill within the past two weeks, the first on June 9, when organisers claimed one million marchers. The cry to abolish the bill was only the start of the struggle, he said. “It is a long-term battle for us to fight for democracy under the suppression of the Communist party of China,” declared Mr Wong. “What we are trying to do through civil disobedience and direct action is to let the whole world and the international community know that Hong Kong people will not keep silent under the suppression of President Xi and the Chief Executive Carrie Lam,” he added. The strength of public opposition to the draft extradition law led to its indefinite suspension on Saturday followed by Ms Lam’s apology the next day when protesters failed to be placated. Mr Wong was reluctant to declare a victory. “I have just recognised the achievement,” he said. Hong Kong democracy activist Joshua Wong speaks to the media after leaving Lai Chi Kok Correctional Institute in Hong Kong  Credit: AFP But Hong Kong’s most recent uprising, which has drawn support from a vast cross-section of its seven-million-strong population is in many ways a vindication of the perseverance of Occupy, also known as the “Umbrella” movement. In 2014, they were eventually dispersed without achieving their objective of genuine universal voting to elect the city’s chief executive, but they appear to have inspired a younger generation of activists dedicated to fighting for their freedoms as their rights shrink under Chinese rule. “In December 2014, during the final days of the Umbrella Movement, prominent signs proclaiming We’ll Be Back sprang up along Harcourt Road, one of the three major thruways occupied by peaceful pro-democracy protesters for nearly three months,” Mr Wong wrote from his prison cell last week in TIME.   “That promise was fulfilled when more than 1 million people took to the streets,” he said.

Google Appoints New Chief to Oversee Tumultuous China Region »
17 Jun 2019, 5:16

Google Appoints New Chief to Oversee Tumultuous China Region(Bloomberg) -- Alphabet Inc.’s Google has appointed a new Greater China head, as the company tries to reset a checkered relationship with Beijing while tensions with Washington flare.Stanley Chen will become managing director of Greater China sales, the company said Monday, taking up a post Scott Beaumont vacated after he was appointed Google’s Asia-Pacific president in March. The incoming executive, who will be based in Shanghai, had been general manager of its Taiwan business for eight years.Google takes in about 15% of its annual revenue from the Asia Pacific even though it pulled its search engine from the world’s No. 2 economy around 2010, citing censorship. Advertising from Chinese companies however remains an important business for the internet giant.The company came under fire last year for an unsuccessful attempt to bring a censored version of its search engine back to China. Google has also figured prominently in the trade war as it contends with a ban on Huawei, one of its biggest advertisers and Android customers, and comes under scrutiny for its work on artificial intelligence in the country. Google is also said to be reordering its supply chain to move some hardware production out of China as tariffs on these goods increase.The company declined to make Chen available for comment.To contact the reporter on this story: Shelly Banjo in Hong Kong at sbanjo@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


Eurofighter, NATO launch studies on long-term evolution of fighter »
19 Jun 2019, 10:46

Eurofighter, NATO launch studies on long-term evolution of fighterThe countries and companies behind Europe's Eurofighter Typhoon fighter jet have agreed to spend 53.7 million euros ($60.2 million) to study the long-term evolution of the advanced fighter jet and its engine, they said on Wednesday. The study contracts will span 19 months for the aircraft, and nine months for the engine, identifying potential technology enhancements for the jet's mission systems, engine, human machine interface and electronic warfare equipment. The work is aimed at keeping the Eurofighter Typhoon fleet operationally effective for combat for decades to come, even as Europe begins work on two rival next-generation aircraft that are slated to enter service in 2040, officials said.

China Is Buying Iranian LPG Despite Sanctions, Ship-Tracking Shows »
19 Jun 2019, 10:40

China Is Buying Iranian LPG Despite Sanctions, Ship-Tracking Shows(Bloomberg) -- After being hit by the trade war and U.S. sanctions on Iran, some Chinese buyers of liquefied petroleum gas from the Persian Gulf nation are finding it’s too tough a habit to kick.China sourced around a fifth of its LPG -- used as cooking fuel, in cigarette lighters and to make plastic -- from the U.S before Beijing slapped a 25% tariff on the gas last August as the trade tussle heated up. Buyers then turned to Iran, which accounted for around a third of imports in April, before President Donald Trump blocked all energy exports from the country in May.But some Chinese customers are still buying from Iran, according to Kpler SAS. Based on ship-tracking data, the Paris-based data intelligence firm estimates that at least five supertankers loaded Iranian LPG in May and June that was destined for China. That would equate to around $100 million of the gas, according to Bloomberg calculations.“They’ve started using a variety of techniques to hide their activity,” Ilya Niklyaev, an LPG analyst at Kpler, said in an interview. “Like switching off transponders as well as intentionally signaling wrong destinations and indicating loading ports in Qatar, Saudi Arabia or the U.A.E.”The predicament of the Chinese buyers underscores how the White House’s aggressive trade and foreign policy is disrupting global commodity flows. To avoid running afoul of the U.S. sanctions, LPG importers in Asia’s largest economy would have to turn to more expensive supplies from elsewhere in the Middle East or Africa.Going DarkTankers carrying Iranian oil and gas are notorious for masking their journeys by turning off satellite locator beacons, a technique known as going dark, and transferring fuel between ships to hide the origin of the cargo.LPG tanker Sea Dolphin sailed into the Persian Gulf between Iran and Qatar with empty tanks on May 17, and then turned off its beacon, Kpler said in a June 6 note. It turned the locator back on May 26, indicating its tanks were now full, and headed toward the Maldives, where it again went dark.Another ship, the Pacific Yantai, loaded its tanks near where the Sea Dolphin had stopped, and then set sail toward China, according to Kpler. Bloomberg ship-tracking data confirms the movements of the two vessels and show the Pacific Yantai appearing to drop off a partial cargo at Ningbo on June 14.The Sea Dolphin is owned by Kunlun Trading Co., data compiled by Bloomberg show. Staff who answered the phone at its Hong Kong office said they weren’t authorized to speak to the media and there was no spokesperson. There was no response to emails sent to Kunlun’s investor relations department.Pacific Yantai is owned by China’s Pacific Gas, Bloomberg-compiled data show. The ship was on a long-term charter, said a staff member at the company’s Shanghai office who asked not to be identified as the person is not authorized to speak to media. The person wouldn’t name the company that chartered the vessel. Nobody answered emails sent to generic addresses for information and investor relations at Pacific Gas.Oil ImportsChinese refiners may also be circumventing American sanctions to import Iranian oil, with FGE saying in a note last week that it expects some degree of non-compliance. China probably isn’t complying with U.S. sanctions on Iranian crude, U.S. Deputy Energy Secretary Dan Brouillette said Friday, adding that he didn’t have any hard evidence to show this. Beijing will likely become compliant as it wants a good trade deal with Washington, he said. LPG is an important export for Iran. Some 83% of the country’s 507,000 barrels a day of petroleum product shipments in 2017 were LPG and fuel oil, according to Energy Information Administration data. That compared with 2.5 million barrels a day of crude and condensate exports.China’s Foreign Minister Wang Yi last month pledged to support Tehran’s efforts to safeguard its interests. The country’s Ministry of Commerce and the General Administration of Customs didn’t respond to faxed requests for comment.China took 346,000 tons, or 80%, of Iran’s LPG exports in May, Kpler estimated. If the cargoes loaded before the end of the U.S. waivers on May 2 they may not have been in contravention of the sanctions. Iran is likely to export a total of 400,000-500,000 tons in June with at least eight supertankers set to load the fuel in coming weeks, Kpler said in the note. Three supertankers have loaded LPG from Iran in June, of which at least one is headed for China, it said.Kpler and Chinese customs figures show similar overall LPG import data for the past year. But while the Kpler numbers show a sizable portion coming from Iran, the Chinese data has no cargoes from the Persian Gulf nation since mid-2017.Iranian LPG supplies have been among the cheapest in the world as customers from Japan to South Korea turned away from doing business with the country following the U.S. sanctions. China could turn to other suppliers, like Qatar and Saudi Arabia, but it would be more expensive.After rising 21% this year through late April, the benchmark east Asian price for propane, a type of LPG, has since fallen 24%, according to data from PVM Oil Associates. The contract fell 1% to $405.91 a ton on Wednesday.“While the LPG market isn’t expected to be nearly as tight in the second half of 2019, China will still have to lean heavily on LPG supplies from Iran, as well as from Qatar, Saudi Arabia, Nigeria and Angola to fill the gap left behind by the U.S,” said Han Wee Ong, a Singapore-based senior consultant at FGE.(Adds more comments from U.S. deputy energy secretary in 11th paragraph.)\--With assistance from Sarah Chen and Aibing Guo.To contact the reporters on this story: Saket Sundria in Singapore at ssundria@bloomberg.net;Dan Murtaugh in Singapore at dmurtaugh@bloomberg.netTo contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Andrew Janes, Ben SharplesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Should You Think About Buying Plexus Corp. (NASDAQ:PLXS) Now? »
19 Jun 2019, 10:36

Should You Think About Buying Plexus Corp. (NASDAQ:PLXS) Now?Plexus Corp. (NASDAQ:PLXS), which is in the electronic business, and is based in United States, received a lot of...

Trump EPA to unveil replacement for Obama's power plant rule »
19 Jun 2019, 10:36

Trump EPA to unveil replacement for Obama's power plant ruleObama's Clean Power Plan had aimed to slash power plant carbon emissions by more than a third from 2005 levels by 2030, which would have forced utilities to drop coal in favor of cleaner fuels like natural gas. The regulation was never enacted because of lawsuits by Republican states. President Donald Trump vowed early in his presidency to kill the Clean Power Plan as part of his administration's attempt to revive the ailing coal industry.

Profit Projections Are Still Plunging for the 3 Most Popular Pot Stocks »
19 Jun 2019, 10:36

Profit Projections Are Still Plunging for the 3 Most Popular Pot StocksMarijuana may not have investors seeing much green through 2020.

John Wiley & Sons, Inc. (NYSE:JW.A): Is It A Good Long Term Opportunity? »
19 Jun 2019, 10:34

John Wiley & Sons, Inc. (NYSE:JW.A): Is It A Good Long Term Opportunity?John Wiley & Sons, Inc.'s (NYSE:JW.A) announced its latest earnings update in June 2019, which suggested that the...

U.S. Futures Mark Time Before Fed as Bonds Decline: Markets Wrap »
19 Jun 2019, 10:33

U.S. Futures Mark Time Before Fed as Bonds Decline: Markets Wrap(Bloomberg) -- U.S. equity futures adopted a holding pattern on Wednesday while European stocks and Treasuries slipped as investors prepare for the latest Federal Reserve meeting to conclude, with anticipation growing that policy makers will signal a readiness to lower rates.Contracts for the three main U.S. gauges traded little changed while declines in real estate shares helped drag the Stoxx Europe 600 slightly lower. Shares rose in Asia following the rally on Wall Street a day earlier, which was boosted when President Donald Trump tweeted he will sit down with Chinese President Xi Jinping at the G-20 summit next week. Hong Kong’s shares led the region, advancing 2.6%. The yield on 10-year Treasuries rose toward 2.09%, while that of Japan’s benchmark hit a three-year low. The pound gained for a second day.As many of the world’s biggest central banks signal a shift to easier policy, traders are weighing that against trade war fears and signs of cooling global growth. Trump said Tuesday that he had a “very good” phone conversation with Xi. The two leaders will hold an “extended meeting” at the G-20 summit on June 28-29 in Osaka and “our respective teams will begin talks prior to our meeting,” Trump said on Twitter.“At this stage, we are not getting as optimistic as maybe the stock market is about the headlines overnight,” Laura Fitzsimmons, executive director for rates and FX sales at JPMorgan Chase & Co., told Bloomberg TV in Sydney about the developments on trade. “Stock markets can run for a little bit longer but as we get closer to the event itself the risk of disappointment will again appear.”Elsewhere, West Texas crude stabilized after OPEC and its allies agreed to hold the next meeting to discuss oil-output cuts on July 1-2, resolving a monthlong dispute that highlighted divisions within the group. The Turkish lira fell on a report the Trump administration is weighing new sanctions on the country over its purchases of the Russian S-400 missile-defense system.Here are some key events coming up:The Fed, Bank of Japan and Bank of England all set monetary policy, along with central banks in Norway, Brazil, Taiwan and Indonesia.The Fed’s two-day meeting ends Wednesday with a decision and press conference. Officials are expected to debate a rate cut to shelter the U.S. economy, in part, from the fallout caused by escalating trade disputes.Final May CPI data for Britain are due on Wednesday.U.K. retail sales are set for release on Thursday.These are the main moves in markets:StocksThe Stoxx Europe 600 Index declined 0.1% as of 6:29 a.m. New York time.Futures on the S&P 500 Index climbed less than 0.05%.France’s CAC 40 Index increased less than 0.05%.Hong Kong’s Hang Seng Index surged 2.6% on the biggest jump in more than seven months.The MSCI Emerging Market Index gained 1.4%, the highest in six weeks on the largest rise in more than a week.CurrenciesThe Bloomberg Dollar Spot Index decreased less than 0.05%.The British pound rose 0.1% to $1.2576.The euro gained 0.1%.The Turkish lira sank 0.7%.The Russian ruble increased less than 0.05% to 63.99 per dollar, reaching the strongest in eight weeks on its fifth consecutive advance.BondsThe yield on 10-year Treasuries rose three basis points to 2.09%.Britain’s 10-year yield climbed four basis points to 0.845%.Japan’s 10-year yield decreased one basis point to -0.137%.Spain’s 10-year yield increased two basis points to 0.412%.CommoditiesGold declined 0.3% to $1,342.72 an ounce, the largest drop in more than a week.West Texas Intermediate crude climbed 0.1%.Iron ore gained 1.9% to $108.77 per metric ton.\--With assistance from Juliette Saly and Adam Haigh.To contact the reporter on this story: Todd White in Madrid at twhite2@bloomberg.netTo contact the editor responsible for this story: Samuel Potter at spotter33@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Exclusive: Libyan steel maker plans $1 billion tender in July, output hike in 2019 »
19 Jun 2019, 10:33

Exclusive: Libyan steel maker plans $1 billion tender in July, output hike in 2019The Libyan Iron and Steel Company (Lisco), one of North Africa's biggest steelmakers, plans to launch a tender next month worth $1 billion to build two new plants and also aims to increase production this year, its chairman said. Mohamed al-Faqih also told Reuters Lisco had started exporting products to a new market, Algeria, in a rare sign of non-oil activity in the OPEC oil producer. The steelmaker has been hit by power cuts, shortages and the reluctance of European firms to engage with the country amid chaos since the toppling of Muammar Gaddafi in 2011.

The Nespresso Citiz coffee machine is down by £70 on Amazon »
19 Jun 2019, 10:31

The Nespresso Citiz coffee machine is down by £70 on AmazonTL;DR: The elegant Nespresso Citiz coffee machine is on sale for under £79.99 on Amazon, saving you £70 on list price.* * *The coffee machine market is pretty crowded, with a lot of devices to consider. Some of these come under £100, and others can cost thousands. Naturally, if you are spending a large sum of money, you need to carefully weigh up your options.As with most devices, it comes down to performance, design, and, of course, cost. If you can tick off two of these elements, the third is probably going to let you down. If a coffee machine has great performance and looks beautiful, chances are it will be pricey. Likewise, if a device is cheap and works well, it will probably look horrible. You get the idea. Read more...More about Coffee Machine, Nespresso, Mashable Shopping, Shopping Solo, and Shopping Uk

Could a Revenue-Neutral Carbon Tax Be the First Step to Fight Climate Change? »
19 Jun 2019, 10:30

Could a Revenue-Neutral Carbon Tax Be the First Step to Fight Climate Change?When it comes to combating climate change, Representative Alexandria Ocasio-Cortez’s Green New Deal is currently the fashionable solution of the liberal Left. Since its botched rollout in February, anyone with common sense has conceded that the plan’s utopian promises of guaranteed jobs, government-funded health care, and an expanded social safety net give it little chance of producing real legislation. American taxpayers should be relieved; the conservative think tank American Action Forum estimates that it would cost as much as $93 trillion, or roughly 450 percent of the United States’ current GDP, to implement.Such is the unimaginative and irresponsible approach to public policy that has become a mainstay of modern Democratic politics: Any problem, no matter how complex, can be solved if we throw enough money at it.Fortunately, Republicans in Congress have finally woken up to the problems of climate change and are proposing their own solutions. Senator John Cornyn has announced that he’s working to draft bills that would promote research on clean-energy technologies. Likewise, Senator Lamar Alexander has outlined a “New Manhattan Project” to develop cleaner energy through nuclear power, cheaper solar technology, electric vehicles, better batteries, and carbon capture. These are exciting developments for environmentally conscious conservatives, who have long advocated for the GOP to awaken to the dangers of climate change.Additional Republican proposals are in the works, and unlike their spendthrift counterparts on the liberal Left, they take the more responsible and realistic approach of harnessing the power of free markets to influence behavior. Conservatives’ faith in free markets rests on the belief that millions of individuals acting in their own economic self-interest are more efficient (and powerful) at allocating resources to accomplish an objective than bureaucrats in government. And the most targeted and effective free-market policy to incentivize reduced carbon emissions, the primary cause of climate change, is a carbon tax.A carbon tax would drive investment in new technologies and spur innovation both by providing a financial incentive to reduce emissions and by giving markets a steady price signal. A set price per ton for carbon emissions — along with gradual, scheduled increases in the tax rate over time — would establish the market certainty needed to influence long-term decision-making. Investors and businesses could more reliably forecast the payback period and return on investment for clean technologies, projects, and processes. Companies that save on carbon taxes through innovation would soon be able to undercut more carbon-intensive competitors on cost. An intense race to reduce emissions would sweep every corner of the U.S. economy.Carbon taxes also hold the most promise for fostering global cooperation on the issue. If the U.S. simply invests in clean-energy technology to reduce or eliminate reliance on fossil fuels, two things will happen: We will emit less carbon, and the rest of the world will emit more. If we stopped buying fossil fuels, the price of those fuels would fall. China, India, and other developing countries would exploit this cheap-energy bonanza, offsetting our emissions reductions. This “leakage problem” has proven one of the greatest obstacles to forging global climate cooperation.A properly crafted carbon tax would mitigate leakage through “border adjustments” in the form of import tariffs. Carbon-based import tariffs are an essential component of any carbon-tax plan for two reasons. First, tariffs ensure that a carbon tax would not unfairly penalize domestic U.S. industries. Second, the tariffs would be designed to exempt countries with a similar domestic carbon-tax regime. Foreign governments, eager to keep their exports competitive and not minding the extra tax revenue, would be incentivized to enact their own carbon taxes. If America led, the world would follow.Despite the compelling case for a carbon tax, most Republicans still balk at the idea. How could a tax, of all things, promote innovation? But the simple truth is taxes do foster innovation: They encourage tax dodging. The more taxes get enacted, the more intricate and creative the schemes to dodge them become — and the simplest way to dodge a carbon tax is to emit less carbon. In this manner, a carbon tax would spark an explosion of emissions-reducing R&D throughout all sectors and industries.The fight against climate change is a marathon, not a sprint. The policies we craft today must fuel innovation and research for many decades to come. Public investment in clean-energy and carbon-capture technologies is laudable, but it’s not enough on its own to reduce global emissions, because of the “leakage” problem. Carbon taxes have, to be sure, been met with intense political resistance in many places where they’ve been proposed, including the U.S. But they are the most pragmatic solution and — importantly for conservatives — could be designed to be revenue-neutral and thus not result in an expansion of government. If Republicans hope to craft meaningful climate legislation in everyone’s long-term interests, a carbon tax is a necessary first step.

National Popular Vote Movement Tries to Win Over Skeptical Conservatives »
19 Jun 2019, 10:30

National Popular Vote Movement Tries to Win Over Skeptical ConservativesLast week, Oregon’s Democratic governor, Kate Brown, committed her state to an interstate compact designed to ensure that the national popular vote determines presidential elections. By signing the National Popular Vote Interstate Compact (NPVIC), Brown is aligning herself squarely with fellow Democrats who believe that a plurality of voters nationwide should elect the president.Their efforts, while long predating President Trump’s election, gained new urgency in its wake. The Electoral College, many Democrats claimed, subverted the will of the electorate in 2016. After all, 3.5 million more votes were cast for Hillary Clinton than for Trump, yet she was forced to retire to Chappaqua while he moved into the White House.Trump’s victory, and George W. Bush’s similar triumph over Al Gore in 2000, provide ample pretext for Democrats to redouble their efforts on behalf of the NPVIC. But if they are to have any success, they will have to win over conservatives wary of eliminating the Electoral College, either out of political self-interest or principle. Proponents of the NPVIC believe they are uniquely well-suited to meet this challenge because unlike, say, the constitutional amendment proposed by Senator Elizabeth Warren, it preserves the College."This is the constitutionally conservative way to ensure that every voter in every state is politically relevant in every presidential election while preserving the Electoral College," the movement’s largest benefactor, John Koza, said in a statement earlier this month after the Oregon House signed on to the NPVIC. The compact is designed to go into effect once states representing more than 270 electoral votes have signed on, and things are moving quickly: Oregon is the third state to join this year, bringing the total committed number of electoral votes to 196.While the NPVIC’s advocates will certainly tailor their message to conservatives when the need arises, the Institute for Research on Presidential Elections (IRPE), the movement’s nonprofit educational arm, stresses in all of its communications that the issue is non-partisan; it’s about fairness, they claim.“We don’t get too bogged down on partisan frames at the Institute for Research on Presidential Elections. Those winds have changed three times in the last decade,” IRPE chairman Patrick Rosensteil tells National Review. "Instead, we focus on educating interested parties on the shortcomings of the current system and the merits of the National Popular Vote Interstate Compact and/or other potential reforms.”His argument is straightforward: Voters in Iowa, regardless of political affiliation, should not have more political power than their counterparts in New York or California. While they may agree in principle, self-interested Republicans’ usual response is fear that under the NPVIC, mostly Democratic voters in metropolitan areas will replace battleground-state voters as the most politically influential group in presidential elections. Presidential campaigns will inevitably restrict their appeals, and appearances, to highly populous regions, and this will pervert public policy in much the same way that sops to Iowans, such as ethanol subsidies, currently do.Not so, claim the compact’s proponents, who predict that when every vote counts in every election, presidential candidates will campaign everywhere that voters live. While it is impossible to say with any certainty whether this claim would be born out if the compact were passed, the obvious objection is that of limited resources. At present, presidential campaigns have the ability to traverse battleground states because there are, more or less, only twelve such states. Will they spend precious time and resources traveling to North Dakota to appeal to its roughly 700,000 residents when they could flatter more than 2 million potential voters by spending the afternoon in Brooklyn instead?Advocates of the Compact argue that, since only roughly 15 percent of Americans live in the 50 largest cities, candidates will travel to wherever the other 82 percent live. But the vast majority of that 82 percent live in the suburbs of those major cities and, as a result, can be reached through advertising in the same major media markets as city residents. In 2018, 46 million Americans lived in rural counties while 147 million lived in suburbs or small metros — and that number is only going to continue increasing in the coming years, according to the Pew Research Center.Asked about the claim that the national popular vote would lead to a geographically diverse campaign strategy, Republican strategist Luke Thompson suggests that campaigns would concentrate on the suburbs of major cities, where the most persuadable voters reside. “In a national popular vote, you'll make an effort to mobilize your base voters EVERYWHERE, true. But you're still going to concentrate your campaign firepower — television spending and candidate appearances — where the most persuadable voters are,” Thompson says. “That means . . . concentrating on the largest clusters of high- and mid-propensity persuadable voters. Where are those voters? The suburbs of major American cities — New York, Los Angeles, Philadelphia, Miami, Chicago. . . .”While the precise consequences of the NPVIC’s implementation remain unknowable, its proponents must deal with the perception problem created by its main funding sources as they try to recruit more state legislatures to the cause. The movement is primarily funded by two wealthy donors: Koza, a former Democratic state legislator who serves as the group’s chairman and continues to donate each year; and Tom Golisano, a pro-life political independent who made a one-time $10 million donation. While the effort primarily relies on a group of wealthy individuals unknown to the public, its institutional donor base comprises only liberal groups, according to an investigation by The Daily Signal and the Capital Research Center.In addition to the perception that its donors are exclusively liberal, the movement now has to contend with the fact that, among prominent national political figures, only Democrats are calling for a national popular vote. In addressing this concern, supporters of the compact will inevitably return to the fact that the Electoral College would still exist under the compact, whose member states can abandon it anytime they see fit. (This is, of course, another potential vulnerability: Capricious state legislatures may leave the compact after watching their state’s electors bring the opposing party to power one too many times.) Saul Anuzis, spokesman for the IRPE, sees this as a strength. Unlike a constitutional amendment, the compact can be dissolved if it has, in Anuzis’s words, “unintended consequences.”But that, of course, is not an argument for joining the NPVIC; it’s just an argument against dissolving the Electoral College entirely.

The California Housing Crisis and the Problem with Local Control »
19 Jun 2019, 10:30

The California Housing Crisis and the Problem with Local ControlConservatives have long been advocates of local control over policy. They often use the word “subsidiarity,” a concept with origins in Catholic social thought and a simple premise: that problems are best solved by those closest to them.In the United States, this principle is often folded into our tradition of federalism. We conceive of government as acting on three levels: federal, state, and local (cities and towns, mostly). And we consider the smallest of these three tiers to be the best actor when grappling with a specific problem. But what about when problems don’t fit into that neat framework?California is facing just that challenge. Its major cities are caught in an affordability crisis; San Diego, Oakland, San Jose, Los Angeles, and San Francisco are all in the top ten nationally for highest median rents. The city that Nancy Pelosi likes to call “the City of Saint Francis” takes the top spot: The average two-bedroom apartment costs $3,930 a month. One likes to think that St. Francis would be less than pleased.In some ways this is the various cities’ own faults. California cities generally have some of the most restrictive zoning laws and labyrinthine permitting processes in the nation. Additionally, anti-gentrification activists rival college protesters in their use of unhinged rhetoric: Representative Scott Weiner’s bill to “upzone” areas near transit hubs for greater development was called “a 21st century Trail of Tears” by one such group.But a large source of the affordability crisis actually lies outside the purview of the city governments. Cities, after all, are not the only places where people live. California cities, especially in the north, exist within a complex ecosystem of smaller cities, suburbs, and towns. San Francisco, Oakland, and San Jose, for example, all lie within the nine counties of the Bay Area. Los Angeles makes up the heart of the sprawling Southland, bounded by Ventura County, Orange County, and the Inland Empire.These suburbs, from the tract-home vastness of Orange County to the idyllic small towns of Marin, are leaving cities to shoulder the housing crunch alone. While the state sets regional housing targets on eight-year cycles, enforcement is incredibly weak, and many municipalities fall far short of reaching their goals.On top of all of this, suburban communities, having lower density to begin with, resist building housing the most. The somewhat impenetrable process by which regions assign housing targets to municipalities tends to leave larger cities holding the rope; small, wealthy suburban communities often have laughably low targets. Beverly Hills, for example, has to add only three units during the current cycle.For all the press that urban NIMBY (Not In My Backyard) voters get, the suburbs are where NIMBYs have really conquered all before them. Towns with high rates of home ownership have seen meteoric rises in home prices since 2008, and homeowners enthusiastically organize to protect their investments. Small-town politicians live in fear of backlash from angry residents who oppose almost all new housing.The situation is not good: Around halfway through the current cycle, the state is only a quarter of the way toward reaching its targets, many of which were set during the recession and fail to take into account the state’s recent boom. According to a report by Beacon Economics, an independent research group, “certain jurisdictions in California will not meet their low-income housing production targets for more than 1,000 years” at the current rate of development.Which is why the governor, Gavin Newsom, is pushing for drastic steps. For several months, he has been floating the idea of withholding gas-tax funds from cities that do not reach their housing targets. “If you’re not hitting your goals, I don’t know why you get the money,” he said.The backlash immediately erupted. Small-city mayors and representatives criticized the governor for heavy-handedness and for imposing a one-size-fits-all policy on the state. Newsom has partially backed down, pushing his proposal to a 2023 date.These are arguments that conservatives traditionally sympathize with. Local control, an aversion to top-down governance, and clearly delineated areas of authority are important goods. And using the gas tax as a cudgel on a seemingly unrelated issue should rightly raise concerns.But local-control advocates ignore a dimension of government that does not fit neatly into standard American thinking: the regional. When smaller cities in regions such as the Bay Area and the Southland do not build, larger cities are left to pick up the slack.Oakland, for example, is actually on track to meet its 2023 housing targets. But farther north in the Bay, wealthy Marin County has permitted only 442 of the 2,298 homes it’s required to build. One city falling short puts pressure on others, and not only in the form of real-estate prices.This is where the gas tax comes in. One of the most pernicious effects of low-density suburbs lying near cities is the massive increase in traffic congestion. Middle- and lower-income workers who have jobs in the cities are forced to take longer commutes, as buying or renting in closer and more affluent commuter towns is impossible. Bay Area and Los Angeles commuters lose 61 hours a year waiting in traffic, time away from their families and their work.So a coherent rationale for using the gas tax as the proverbial stick does exist. And the state is more than willing to approve a carrot: This year’s budget includes $250 million to help localities plan for housing goals, $500 million for infrastructure that supports low-income housing, and $1 billion of tax credits and loans for affordable and mixed-income housing.The frameworks currently in place do allow for regional variation. After all, targets are set by expected population growth and job-creation numbers, and regional groups decide how to assign housing within themselves. But regional associations are voluntary and comparatively weak; they do not effectively balance between city hall and the statehouse. Oakland and San Jose do not have many levers to pull when Marin sets itself against new development.This is likely to persist. In the long term, regional governance structures would be a welcome development for the state, but their near-term prospects are slim. Pro-housing advocates should take the situation as it is and work with what Newsom is offering, which attempts to thread a needle between empowering local governments and bending to the needs of the entire state.Subsidiarity should be honored by conservatives, but not when it results in a few wealthy towns passing off the housing crisis to poorer ones.

Trump’s Personality Is His Biggest Re-Election Obstacle »
19 Jun 2019, 10:30

Trump’s Personality Is His Biggest Re-Election Obstacle‘What’s your pitch to the swing voter on the fence?” ABC’s George Stephanopoulos asked President Trump in an interview that aired Sunday.Questions of this sort are gifts to politicians, but interviewers ask them for a couple of reasons. One, they’re civic-minded. Politicians deserve the opportunity to make their cases straightforwardly — and voters deserve to hear them. Second, they save time. If you give your subject a free shot to get the talking points out of the way, you can move on to the more interesting stuff.Trump’s initial answer started off following the standard script. He got four words off that must have had his political advisers cheering: “Safety, security, great economy.”Ideally, this is where Trump should have stopped talking.But the president kept going, boasting that he won 52 percent of the women’s vote in 2016. He didn’t. That was the white women’s vote; he got 41 percent of women overall, according to exit polls. Then, Trump talked about how the economy would help him with minorities.“So,” Stephanopoulos asked, “that’s the pitch?”Trump briefly got back on message. “No, I have no pitch,” he said. “You know what I have? The economy is phenomenal. We’ve rebuilt our military. We’re taking care of our vets. We’re doing the best job that anybody’s done probably as a first-term president.”This was another good place to stop. But he was only getting warmed up: “I have a phony witch hunt, which is just a phony pile of stuff. Mueller comes out. There’s no collusion. And essentially a ruling that no obstruction.”And then Trump was off to the races, fighting with Stephanopoulos about what the Mueller report did or didn’t say. The facts weren’t on Trump’s side, as virtually every news outlet was eager to trumpet.But politically, that’s not the important part. Impeachment is catnip to the mainstream media and Democrats. Whether Trump was “set up” by the deep state and their “dirty” dossier is catnip to Republicans and right-wing media. But it seems a fair bet that the swing voters Stephanopoulos asked about aren’t intoxicated by either topic.And that’s the problem for Trump. When you talk to people who think Trump will be re-elected, they point to conventional rules about how a good economy makes voters want to stay the course. That’s superficially plausible, but it leaves out the single most important fact of the political landscape: Trump’s personality.A good economy doesn’t necessarily speak for itself. Normal presidents stay on message to deny the press the ability to talk about more interesting stuff. The only talking point Trump can be counted on to stick to is himself. Hence, his claim to Stephanopoulos that no one has been treated worse than him.Trump doesn’t want the election to be about the economy, he wants it — and everything else — to be about him. His exchange with Stephanopoulos was an analogue of every Trump rally. He runs through the talking points about the economy or conservative judges as quickly as possible so he can get to the really important topic: Donald Trump.The problem for Trump is that if the central question of the election is him, he will lose because he is not popular.The Trump campaign’s internal polling, which was leaked last week, showed him trailing Joe Biden in several must-win states by wide margins. Brad Parscale, Trump’s campaign manager, said the polls were irrelevant because it was “ancient” data from last March, taken before he was “exonerated” by the Mueller report. But Trump’s post–Mueller-report approval ratings haven’t improved. Trump’s sub–50 percent approval rating has had the least variation of any president since World War II. Most people have made up their minds about him, and most of them don’t like him.The campaign responded by saying it had fresh data showing solid support from “informed voters.” Parscale told ABC News that since March, “We have seen huge swings in the president’s favor across the 17 states we have polled, based on the policies now espoused by the Democrats.”The key words there are “informed voters.” According to the New York Times, the polls Parscale described were “informed ballot” polls that described Democrats in negative ways before asking about support for Trump.The common wisdom among pollsters is that if you’re citing informed-ballot polls, you’re losing. But even taken at face value, the meaning of these polls is that some voters could be persuaded to vote for Trump if they could be convinced they were voting on issues rather than Trump. For that to work, Trump would have to stop acting like Trump and make the message about something other than him. That’s a tall order.© 2019 TRIBUNE CONTENT AGENCY LLC

Poll: What do Democrats want to hear about at the debates? (Hint: It's not Trump.) »
19 Jun 2019, 10:30

Poll: What do Democrats want to hear about at the debates? (Hint: It's not Trump.)Poll: Democratic voters are eager to hear from candidates on issues from health care to education. They don't want to spend debate time on Trump.

These Are the Top CEOs (According to Employees) »
19 Jun 2019, 10:30

These Are the Top CEOs (According to Employees)The top performers have at least a 99% approval rate.

3 Stocks That Could Help You Send Your Kids to College »
19 Jun 2019, 10:30

3 Stocks That Could Help You Send Your Kids to CollegePicking the right stocks to help fund college tuition can be challenging, but these three intriguing stocks might be the way to go.

A Closer Look At PICO Holdings, Inc.'s (NASDAQ:PICO) Uninspiring ROE »
19 Jun 2019, 10:28

A Closer Look At PICO Holdings, Inc.'s (NASDAQ:PICO) Uninspiring ROEWhile some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

Iraq Rocket Explodes Near Exxon Oil Field Workers' Camp »
19 Jun 2019, 10:27

Iraq Rocket Explodes Near Exxon Oil Field Workers' Camp(Bloomberg) -- A rocket attack near an Exxon Mobil Corp. workers’ camp in southern Iraq had no effect on oil fields or exports, according to a person with knowledge of the matter.It wasn’t immediately clear whether Exxon’s operations were the target, the person said, asking not to be identified for lack of authority to speak with news media. The incident in Basra province injured three workers at an Iraqi drilling company, according to a government security bureau. Exxon evacuated 20 foreign employees, Sky News Arabia reported earlier, citing unidentified local officials.Attacks on energy facilities, including a Saudi Arabian pipeline and several oil tankers, as well as a U.S. military buildup are stoking fears that the Middle East may be heading toward another conflict. The U.S. ordered its non-emergency government staff to leave Iraq last month amid increasing regional tensions that American officials blame on Iran.While oil prices spiked immediately after the June 13 attacks on two tankers near the Strait of Hormuz, crude is down over the past month on concerns over waning demand. Brent crude in London pared losses earlier in the day before dipping 0.4% lower to $61.88 a barrel as of 2:25 p.m. Dubai time. “A quite considerable ratcheting of tensions will be required to drive prices higher,” according to BloombergNEF.Iraq’s Deputy Oil Minister Fayyad Al-Nima said the rocket wounded Iraqi workers and targeted a local company, not a foreign one. The government still hasn’t determined who is responsible for the attack. “God willing these events won’t be repeated,” Al-Nima told reporters in Baghdad.U.S. WarningThe U.S. sent a warning to Iran through Swiss and Iraqi intermediaries against engaging American forces, General Paul Selva, vice chairman of the Joint Chiefs of Staff, said on Tuesday in Washington. “We’ve used them all to say ‘hands-off, don’t come after our forces,’” Selva said.Exxon pulled about 80 people from Iraq last month, raising the ire of Iraq’s oil minister who said the decision was “unacceptable and unwarranted” because it had nothing to do with the security situation in the south of the country. The company returned some of its workers on May 31 after boosting security at the site.An Exxon spokesman in Singapore wasn’t immediately able to comment. Iraq’s State Oil Marketing Co. didn’t immediately respond to requests for comment.Iraq, which has enjoyed relative calm after the Islamic State insurgency receded there in 2017, has suffered a spate of low-level attacks in recent weeks. A shell exploded near the U.S. embassy in May. Rockets on Tuesday hit an official compound in the northern Iraqi city of Mosul and the Taji Military camp near Baghdad, both of which house American military advisers, according to local press reports.Exxon operates the West Qurna-1 oil field in Basra, which pumps between 450,000 and 480,000 barrels a day. The region is responsible for the bulk of Iraq’s crude output.Royal Dutch Shell Plc, which has operations near Exxon, said in a statement that it wasn’t “subject to the attack” and its output hasn’t been interrupted.(Updates with Iraq’s deputy oil minister’s comments in fifth paragraph.)\--With assistance from Dan Murtaugh and Abbas Al Lawati.To contact the reporters on this story: Khalid Al-Ansary in Baghdad at kalansary@bloomberg.net;Kadhim Ajrash in Baghdad at kajrash@bloomberg.netTo contact the editors responsible for this story: Alaa Shahine at asalha@bloomberg.net, ;Nayla Razzouk at nrazzouk2@bloomberg.net, Mohammed Aly Sergie, Bruce StanleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Can We See Significant Institutional Ownership On The Novelion Therapeutics Inc. (NASDAQ:NVLN) Share Register? »
19 Jun 2019, 10:25

Can We See Significant Institutional Ownership On The Novelion Therapeutics Inc. (NASDAQ:NVLN) Share Register?The big shareholder groups in Novelion Therapeutics Inc. (NASDAQ:NVLN) have power over the company. Generally...

Volatility 101: Should Parsley Energy (NYSE:PE) Shares Have Dropped 36%? »
19 Jun 2019, 10:24

Volatility 101: Should Parsley Energy (NYSE:PE) Shares Have Dropped 36%?Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. Active...

Is Oxford Immunotec Global PLC's (NASDAQ:OXFD) CEO Pay Justified? »
19 Jun 2019, 10:18

Is Oxford Immunotec Global PLC's (NASDAQ:OXFD) CEO Pay Justified?In 2002 Peter Wrighton-Smith was appointed CEO of Oxford Immunotec Global PLC (NASDAQ:OXFD). This report will, first...

Do Directors Own Macarthur Minerals Limited (CVE:MMS) Shares? »
19 Jun 2019, 10:16

Do Directors Own Macarthur Minerals Limited (CVE:MMS) Shares?Every investor in Macarthur Minerals Limited (CVE:MMS) should be aware of the most powerful shareholder groups...

Japan rejects Korean fund plan to compensate forced wartime labor »
19 Jun 2019, 10:15

Japan rejects Korean fund plan to compensate forced wartime laborSouth Korea said on Wednesday it had proposed a joint fund with Japan to compensate South Koreans forced to work by Japanese companies during World War Two, but Japan rejected the idea out of hand. South Korea and Japan share a bitter history that includes the 1910-45 Japanese colonization of the Korean peninsula, the forced mobilization of labor at Japanese companies and the use of comfort women, Japan's euphemism for girls and women, many of them Korean, forced to work in its wartime brothels.

China's Geely selects Swedish software firm as driverless car supplier »
19 Jun 2019, 10:14

China's Geely selects Swedish software firm as driverless car supplierChina's Geely has picked Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer, as its preferred supplier for assisted and self driving software. Regulatory and technological challenges as well as soaring development costs mean carmakers have delayed forecasts for the mass adoption of self-driving cars and the Geely deal is a welcome boost for Zenuity. It said on Wednesday that the deal would encompass Geely's range of car brands, which include Geely Auto, performance brand Polestar, subscription-based electric carmaker Lynk & Co and British sports car maker Lotus.

China's Geely selects Swedish software firm as driverless car supplier »
19 Jun 2019, 10:14

China's Geely selects Swedish software firm as driverless car supplierChina's Geely has picked Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer, as its preferred supplier for assisted and self driving software. Regulatory and technological challenges as well as soaring development costs mean carmakers have delayed forecasts for the mass adoption of self-driving cars and the Geely deal is a welcome boost for Zenuity. It said on Wednesday that the deal would encompass Geely's range of car brands, which include Geely Auto, performance brand Polestar, subscription-based electric carmaker Lynk & Co and British sports car maker Lotus.

Why Genie Energy Ltd. (NYSE:GNE) Could Be Worth Watching »
19 Jun 2019, 10:14

Why Genie Energy Ltd. (NYSE:GNE) Could Be Worth WatchingGenie Energy Ltd. (NYSE:GNE), which is in the electric utilities business, and is based in United States, received a...

Factbox: Clash between Trump, U.S. House Democrats shifts into courts »
19 Jun 2019, 10:13

Factbox: Clash between Trump, U.S. House Democrats shifts into courtsTrump and most of his fellow Republicans dismiss the Democrats' inquiries as grandstanding or political harassment. The Democrats, who control the House of Representatives, say the investigations are needed to hold to account a president who scorns respect for the law and governing norms. In most of the disputes, Trump and his advisers run the legal risk of contempt of Congress citations and court enforcement actions that could result in fines.

Introducing Franklin Financial Network (NYSE:FSB), The Stock That Dropped 30% In The Last Year »
19 Jun 2019, 10:11

Introducing Franklin Financial Network (NYSE:FSB), The Stock That Dropped 30% In The Last YearThe simplest way to benefit from a rising market is to buy an index fund. Active investors aim to buy stocks that...

Apple Is Reportedly Asking Suppliers to Shift at Least 15% of Output from China »
19 Jun 2019, 10:09

Apple Is Reportedly Asking Suppliers to Shift at Least 15% of Output from ChinaApple Is Reportedly Asking Suppliers to Shift at Least 15% of Output from China

No Retirement Savings? Here’s How to Salvage Your Golden Years »
19 Jun 2019, 10:09

No Retirement Savings? Here’s How to Salvage Your Golden YearsIt's not a great situation -- but it's at least somewhat fixable.

Hope Hicks to become first former Trump administration official to testify at Congress about Mueller report »
19 Jun 2019, 10:08

Hope Hicks to become first former Trump administration official to testify at Congress about Mueller reportHope Hicks, President Donald Trump's former spokeswoman, to be first former administration official in Robert Mueller's report to testify at Congress

Is There An Opportunity With Fox Corporation's (NASDAQ:FOXA) 42% Undervaluation? »
19 Jun 2019, 10:07

Is There An Opportunity With Fox Corporation's (NASDAQ:FOXA) 42% Undervaluation?How far off is Fox Corporation (NASDAQ:FOXA) from its intrinsic value? Using the most recent financial data, we'll...

U.S. House panel to quiz ex-Trump aide Hicks, White House asserts immunity »
19 Jun 2019, 10:06

U.S. House panel to quiz ex-Trump aide Hicks, White House asserts immunityHope Hicks, once a close aide to U.S. President Donald Trump, is due to face questions in Congress on Wednesday on six instances in which Democrats believe Trump may have broken the law during the 2016 election campaign and while in the White House. The White House has asserted immunity over any testimony by Hicks involving her 14 months at the White House, according to a knowledgeable source.

Is There An Opportunity With Telaria, Inc.'s (NYSE:TLRA) 45% Undervaluation? »
19 Jun 2019, 10:06

Is There An Opportunity With Telaria, Inc.'s (NYSE:TLRA) 45% Undervaluation?Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Telaria, Inc...

UK inflation fall eases prospect of imminent rate hike »
19 Jun 2019, 10:00

UK inflation fall eases prospect of imminent rate hikeInflation in Britain dipped in May as transport costs returned to normal following an Easter-related boost, official figures showed Wednesday, likely easing the pressure on the Bank of England to raise interest rates this summer. The Office for National Statistics said Wednesday that consumer prices were up 2% in the year to May, compared with 2.1% the previous month. It highlighted a sharp decline in transport-related inflation.

These Are the 8 Best Beaches to Visit this Summer, Based on Activities, Hotel Costs, and Airfare »
19 Jun 2019, 10:00

These Are the 8 Best Beaches to Visit this Summer, Based on Activities, Hotel Costs, and AirfareDid your favorite make the cut?

How, where to get free food – doughnuts, tacos and more – and discounts »
19 Jun 2019, 10:00

How, where to get free food – doughnuts, tacos and more – and discountsKrispy Kreme has announced a new Original Filled doughnut and a way to try it for free Saturday as part of its National Donut Day challenge.

Slack IPO: The Stock Market Is Rolling Out Its Welcome Mat Over Recent, Successful Tech Listings »
19 Jun 2019, 10:00

Slack IPO: The Stock Market Is Rolling Out Its Welcome Mat Over Recent, Successful Tech ListingsSlack IPO: The Stock Market Is Rolling Out Its Welcome Mat Over Recent, Successful Tech Listings

Should I Pay Off My Credit Cards or Student Loans? »
19 Jun 2019, 10:00

Should I Pay Off My Credit Cards or Student Loans?You might think the answer is obvious, but it's more complicated than it seems.

Money 2.0 Stuff: $LIT »
19 Jun 2019, 9:59

Money 2.0 Stuff:  $LITFacebookshi Nakatomo I am suffering from Facebook Fatigue Syndrome, as, I assume, are you. But I am also conscious that Mark Zuckerburg, an avid reader of this column I hear, would be disappointed if I did not take the opportunity to share a few opinions on the Libra launch, and I really do not wish […]The post Money 2.0 Stuff: $LIT appeared first on The Block.

Here's Why We Think Zoetis (NYSE:ZTS) Is Well Worth Watching »
19 Jun 2019, 9:59

Here's Why We Think Zoetis (NYSE:ZTS) Is Well Worth WatchingLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Some Paramount Resources (TSE:POU) Shareholders Have Taken A Painful 90% Share Price Drop »
19 Jun 2019, 9:57

Some Paramount Resources (TSE:POU) Shareholders Have Taken A Painful 90% Share Price DropWe're definitely into long term investing, but some companies are simply bad investments over any time frame. We...

Apple Wants Suppliers to Mull Major Shift From China: Nikkei »
19 Jun 2019, 9:55

Apple Wants Suppliers to Mull Major Shift From China: Nikkei(Bloomberg) -- Apple Inc. has asked its largest suppliers to consider the costs of shifting 15% to 30% of its output from China to Southeast Asia in a dramatic shake-up of its production chain, the Nikkei reported.The U.S. tech giant asked “major suppliers” to evaluate the feasibility of such a migration, the newspaper cited multiple sources as saying. Those included iPhone assemblers Foxconn Technology Group, Pegatron Corp. and Wistron Corp., MacBook maker Quanta Computer Inc., iPad maker Compal Electronics Inc. and AirPod makers Inventec Corp., Luxshare-ICT and GoerTek Inc., Nikkei cited them as saying.China is a crucial cog in Apple’s business, the origin of most of its iPhones and iPads as well as its largest international market. But President Donald Trump has threatened Beijing with new tariffs on about $300 billion worth of Chinese goods, an act that would escalate tensions while levying a punitive tax on Apple’s most profitable product. Company spokeswoman Wei Gu didn’t respond to a request for comment.Two major Apple suppliers pushed back against the Nikkei report. The U.S. company has not asked for cost estimates for shifting production out of the world’s No. 2 economy, although suppliers are running the numbers on their own given the trade dispute, said one person familiar with the matter, asking not to be identified discussing internal deliberations. Another supplier said it too had not gotten such a request from Apple and that the Cupertino, California-based company had resisted a proposed production shift to Southeast Asia.Apple does have a backup plan if the U.S.-China trade war gets out of hand: Primary manufacturing partner Hon Hai Precision Industry Co. has said it has enough capacity to make all U.S.-bound iPhones outside of China if necessary, Bloomberg News reported last week.The Taiwanese contract manufacturer now makes most of the smartphones in the Chinese mainland and is the country’s largest private employer. Hon Hai, known also as Foxconn, has said Apple has not given instructions to move production but it is capable of moving lines elsewhere according to customers’ needs.Apple hasn’t set a deadline for the suppliers to finalize their business proposals, but is working together with them to consider alternative locations, the Nikkei said. Any move would be a long-term process, it cited its sources as saying.Beyond Apple’s partners, the army of Taiwanese companies that make most of the world’s electronics are reconsidering a reliance on the world’s second-largest economy as Washington-Beijing tensions simmer and massive tariffs threaten to wipe out their margins. That in turn is threatening a well-oiled, decades-old supply chain.Taiwan’s largest corporations form a crucial link in the global tech industry, assembling devices from sprawling Chinese production bases that the likes of HP Inc. and Dell then slap their labels on. That may start to change if tariffs escalate, an outcome now in the balance as Washington and Beijing spar over a trade deal.Apple is an outsized figure in that negotiation. The high-end iPhone, which accounted for more than 60% of the company’s 2018 revenue, drives millions of jobs across China as well as a plethora of different industries from retail to electronics. The country is also a major consumer market in its own right, yielding nearly 20% of last year’s revenue -- weakness there pushed Apple to cut its sales forecast in January.“Twenty-five percent of our production capacity is outside of China and we can help Apple respond to its needs in the U.S. market,” Hon Hai board nominee and semiconductor division chief Young Liu told an investor briefing in Taipei last week. “We have enough capacity to meet Apple’s demand.”(Updates with a source’s comments from the second parapraph.)To contact the reporter on this story: Debby Wu in Taipei at dwu278@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

RATIONAL Aktiengesellschaft (ETR:RAA) Is Yielding 1.6% - But Is It A Buy? »
19 Jun 2019, 9:48

RATIONAL Aktiengesellschaft (ETR:RAA) Is Yielding 1.6% - But Is It A Buy?Could RATIONAL Aktiengesellschaft (ETR:RAA) be an attractive dividend share to own for the long haul? Investors are...

Do Institutions Own Inmobiliaria Park Rose Iberoamericana SOCIMI, S.A. (BME:YPARK) Shares? »
19 Jun 2019, 9:47

Do Institutions Own Inmobiliaria Park Rose Iberoamericana SOCIMI, S.A. (BME:YPARK) Shares?A look at the shareholders of Inmobiliaria Park Rose Iberoamericana SOCIMI, S.A. (BME:YPARK) can tell us which group...

The Biggest Winner From a Rise in Precious Metals »
19 Jun 2019, 9:44

The Biggest Winner From a Rise in Precious Metals(Bloomberg) -- The world’s best-performing precious-metals stock is up almost 90% this year, and there are signs the rally could run even further.Impala Platinum Holdings Ltd. has outpaced 87 global peers with a market value of at least $1 billion in 2019, data compiled by Bloomberg show. The South African miner has benefited from surging palladium and rhodium prices, along with any weakness in the local currency, which bolsters its income from sales of dollar-based metals.“The rally in palladium has been a big contributor,” coupled with a weaker rand, said Henre Herselman, a derivatives trader at Johannesburg-based Anchor Private Clients. Palladium, up 60% since August, makes a 30% contribution to Impala’s earnings, he said. The rand has dropped 5.4% against the dollar in 12 months.“Impala’s profit margins were very thin compared to those of most other producers, so they were much more sensitive to the recovery in the platinum-group metals basket price,’’ said Izak van Niekerk, a money manager at Mergence Investment Managers in Cape Town. “Due to this sensitivity, the upward move in rhodium and palladium prices has benefited Impala’s share price more than higher-margin producers.”Even after this year’s rally, at least one technical indicator suggests Impala Platinum may have further to climb. The stock’s 50-day moving average is about to break above the 200-day measure, a potentially bullish signal.Valuation measures also show scope for more gains: Impala trades at 8.8 times its estimated 12-month earnings, compared with 11 times for an index of South African platinum producers and more than 10 times for Johannesburg’s mining stocks gauge.Palladium may edge higher too. Morgan Stanley strategists see prices averaging $1,575 an ounce in the second half of 2019, compared with $1,494 an ounce on Wednesday, according to a June 12 note. Morgan Stanley sees rhodium at $3,050, down from $3,390 an ounce.Impala does face headwinds. The biggest union in South Africa’s platinum industry has demanded wage increases of as much as 48% from the company and fellow producers such as Anglo American Platinum Ltd. and Sibanye Gold Ltd., which could drive up costs at the mines they operate in the country’s “platinum belt” concentrated around Rustenburg, northwest of Johannesburg.And there are signs that the gains in the miner known as Implats may be excessive. Its 14-day relative strength index has climbed above 70, a level that suggests to some technical analysts that the rally may be overdone for now. Impala was 1.9% lower at 68.02 rand as of 11:41 a.m. in Johannesburg on Wednesday.Analysts’ projections of where Impala’s shares are heading differ widely, data compiled by Bloomberg show. There are six buys, two holds and two sell recommendations on the world’s second-largest platinum producer, with target prices ranging from as low as 18.50 rand at JPMorgan to 141 rand at Noah Capital Markets Ltd. “Implats has a little further to rally, but most of the running has been done,’’ said Rene Hochreiter, an analyst at Noah Capital, who has a buy recommendation on the stock. “My concern is that costs remain stubbornly high at Impala Rustenburg and any deterioration of the efficiency of that operation will negatively impact the overall Implats performance, as Impala Rustenburg affects Implats’s bottom line the most of all.”(Updates prices throughout.)\--With assistance from Dana El Baltaji and Elena Mazneva.To contact the reporter on this story: Adelaide Changole in Nairobi at achangole2@bloomberg.netTo contact the editors responsible for this story: Blaise Robinson at brobinson58@bloomberg.net, John Viljoen, Paul JarvisFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

If You Had Bought Mercal Inmuebles Socimi (BME:YMEI) Stock Three Years Ago, You'd Be Sitting On A 15% Loss, Today »
19 Jun 2019, 9:44

If You Had Bought Mercal Inmuebles Socimi (BME:YMEI) Stock Three Years Ago, You'd Be Sitting On A 15% Loss, TodayIn order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...

Reforms and transparency needed for Belt and Road success: World Bank »
19 Jun 2019, 9:42

Reforms and transparency needed for Belt and Road success: World BankChina's global Belt and Road Initiative could boost economies and reduce poverty rates in dozens of developing countries, but risks environmental damage, debt and corruption if improvements aren't made, the World Bank said Wednesday. President Xi Jinping's signature foreign policy aims to reinvent the ancient Silk Road to connect Asia to Europe and Africa through massive investments in maritime, road and rail projects -- with hundreds of billions of dollars in financing from Chinese banks. Critics, however, say the six-year-old BRI is a plan to boost Beijing's global influence, riddled with opaque deals favouring Chinese companies, and will saddle nations with debt and environmental damage.

What's the future for cash? Target register outages prove physical loot still has its place »
19 Jun 2019, 9:30

What's the future for cash? Target register outages prove physical loot still has its placeIs cash on borrowed time? The outages at Target stores remind us that nothing beats cash when technology fails.

Falling Air Fares, Car Prices Pull U.K. Inflation Down »
19 Jun 2019, 9:26

Falling Air Fares, Car Prices Pull U.K. Inflation Down(Bloomberg) -- Cheaper air travel and car prices pulled down U.K. inflation to the Bank of England’s target level last month.While the slowdown to 2% from 2.1% partly reflects the unwinding of Easter timing effects, economists see the downward trend continuing. Core inflation also slowed -- to the weakest in more than two years -- and factory output-price growth weakened.The figures come a day before the BOE’s latest policy decision. As many central banks around the world shift into a more dovish mode, U.K. officials have been trying to push in the other direction, repeating a message that interest rates may have to rise more than the market currently anticipates if there’s a smooth Brexit.Investors haven’t taken much heed given the continuing uncertainty over Britain’s exit from the European Union. Certainly in the short term, the latest inflation figures give policy makers breathing space to wait and keep interest rates on hold.The BOE expects inflation to fall back below target this year. In May, it forecast that price growth would average 2.1% this quarter, easing to about 1.6% by late 2019.What Bloomberg’s Economists Say...“Looking beyond today’s release, inflation looks set to stay below the BOE’s 2% target until the end of the year. Domestic cost pressures are building, but are still short of the levels needed to return inflation to target sustainably.”\--Dan HansonClick here to read the REACTOther figures Wednesday showed pipeline pressures remained subdued, with producer input prices rising just 1.3% from a year earlier, the weakest reading in three years. Cheaper oil drove the slowdown. Output prices gained 1.8%, also the least since 2016.In the consumer-prices report, air fares, which surged in an Easter-related boost in April, fell 5.2% in May compared with a 10% increase a year earlier. Vehicle prices declined 0.3%, and there was also downward pressure from the cost of auto fuel, which rose less than it did in 2018.Upward pressures came from rising prices for games, toys, hobbies, furniture and accommodation.Inflation in the services sector, seen as a proxy for domestically generated inflation, slowed to 2.6% in May from 2.9% in April, while goods-price inflation edged up to 1.5%.For more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


7 tax scams to watch out for this year »
7 Apr 2019, 12:00

7 tax scams to watch out for this yearIn case wringing your hands over the tax man weren’t enough, criminals are out there trying to swipe your hard-earned cash and personal information from right under your nose.

Avowed Apple Fan Jeb Bush Realizes His Apple Watch Can Take Phone Calls »
13 Jan 2016, 23:22

Avowed Apple Fan Jeb Bush Realizes His Apple Watch Can Take Phone CallsJeb Bush's love of Apple products has been widely documented, and the Republican presidential candidate continues to wear his Apple Watch on the campaign trail. Yesterday, in a meeting with The Des Moines Register editorial board documented by USA Today, Bush stumbled upon a feature he didn’t realize his smartwatch was capable of: taking phone calls. Somehow Bush managed to take a call without picking up his iPhone, and the sound of a person’s voice saying hello breaks through the meeting noise, to which Bush responds, “My watch can’t be talking.”

Social media welcomes Pope Francis to the United States »
22 Sep 2015, 23:29

Social media welcomes Pope Francis to the United StatesPope Francis gets the social media treatment upon arriving in the U.S. Tuesday. As Pope Francis’s flight touched down in Washington, D.C. on Tuesday, Twitter unveiled a new batch of emojis created for the highly anticipated papal visit. Until his departure from the United States on Sunday, Twitter users chronicling the Catholic leader’s East Coast journey will be able to include a cartoon image of the Pope’s face in front of the American flag on all Pope-related tweets by using the hashtag #PopeinUS.

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