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    Galaxy Resources Limited Announcement

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  • Asia Stocks Trade Mixed; Dollar Extends Decline: Markets Wrap
    Bloomberg

    Asia Stocks Trade Mixed; Dollar Extends Decline: Markets Wrap

    (Bloomberg) -- Asian stocks were mixed Tuesday after strong global gains Monday that saw U.S. shares close higher for a fifth day. The dollar remained under pressure.Shares dipped in Japan and South Korea, and saw modest gains in Australia. S&P 500 futures climbed after the benchmark rallied for a fifth session, with tech gains pushing the Nasdaq Composite to a record high. The dollar traded at its weakest since June 10, while Treasuries were little changed. The offshore yuan strengthened through the 7 per dollar level for the first time since March.Investors began the week in an upbeat mood, shrugging off concerns about coronavirus infections sweeping across parts of the U.S. A surge in Chinese shares Monday helped push global stocks to their highest since early June, with investors putting their faith in an economic recovery powered by historic government stimulus and readying for the upcoming earnings season.China Stokes a Stock-Market Mania, Risking Repeat of 2015 Bubble“Investors have recognized that as bad as the economy in the U.S. is, it’s not as bad as what people thought it would look like in March and April,” said Nancy Prial, the co-chief executive officer at Essex Investment Management. “The market has started to sense we might see better than anticipated results fairly broadly across a wide spread of companies.”Elsewhere, oil fluctuated below $41 per barrel. Gold was little changed.Here are some key events coming up:The EIA crude oil inventory report comes Wednesday.All eyes will be on the U.S. weekly jobless claims report on Thursday.Singapore holds its general election on Friday.Rate decisions in Australia and Malaysia Tuesday.These are the main moves in markets:StocksS&P 500 futures rose 0.2% as of 10:10 a.m. in Tokyo. The S&P 500 Index increased 1.6% Monday.Japan’s Topix Index fell 0.3%.Kospi Index fell 0.1%.S&P/ASX 200 climbed 0.5%.CurrenciesThe Bloomberg Dollar Spot Index declined 0.2%.The euro rose 0.2% to $1.1327.The British pound was up 0.2% at $1.2513.The Japanese yen rose 0.1% to 107.30 per dollar.The offshore yuan rose 0.2% to 6.9989 per dollar.BondsThe yield on 10-year Treasuries was little changed at 0.68%.CommoditiesWest Texas Intermediate crude fell 0.2% to $40.57 a barrel.Gold was little changed at $1,786 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Dow Jones Futures: Apple, Amazon, Tesla, Microsoft Lead Coronavirus Stock Market Rally; Alibaba, Dexcom, Chipotle Break Out
    Investor's Business Daily

    Dow Jones Futures: Apple, Amazon, Tesla, Microsoft Lead Coronavirus Stock Market Rally; Alibaba, Dexcom, Chipotle Break Out

    Futures: Fireworks continued on Wall Street, as Leaderboard stocks Apple, Amazon, Microsoft and Tesla led the Nasdaq to a new high. Three other Leaderboard stocks broke out.

  • Fox Business

    Monster considering spiked seltzer launch, could boost sales by $76M: Stifel

    Stifel analysts said a Monster-branded alcoholic beverage could hit shelves by next year.

  • Oil prices inch higher on output cut support, but U.S. coronavirus spike caps gains
    Reuters

    Oil prices inch higher on output cut support, but U.S. coronavirus spike caps gains

    Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts, but gains were capped as U.S. coronavirus cases surged, potentially hampering a recovery in fuel demand. The market is still being supported by a bigger-than-expected drawdown in U.S. crude stockpiles reported last week and by record supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and allies, together known as OPEC+, AxiCorp strategist Stephen Innes said. Data from the American Petroleum Institute industry group later on Tuesday and the U.S. Energy Information Administration on Wednesday are expected to show a 100,000 barrel rise in gasoline stockpiles, six analysts polled by Reuters estimated.

  • Fauci Vaccine Warning; No New Beijing Cases: Virus Update
    Bloomberg

    Fauci Vaccine Warning; No New Beijing Cases: Virus Update

    (Bloomberg) -- Beijing reported no new Covid-19 infections for the first time in nearly a month, but the pace of new cases from Tokyo to Australia is raising concerns about a fresh virus wave. U.S. cases are approaching 3 million.Atlanta’s mayor said she tested positive for the virus, while Brazil’s President Jair Bolsonaro is undergoing another test after showing symptoms. Any vaccine would likely be limited in how long it can shield against infection, the top U.S. infectious disease expert Anthony Fauci warned. Harvard and Princeton universities announced plans to bring back portions of their undergraduates for the fall semester. New Jersey’s virus transmission rate jumped to its highest level in 10 weeks, which the state’s governor called an “early warning sign.”Key Developments:Global Tracker: Cases top 11.5 million; deaths exceed 535,000Support for Trump is declining in areas where the virus is spreadingFauci says vaccines likely to offer only ‘finite’ protectionHong Kong sentences two men to jail for breaching quarantineEmployers find testing employees more trouble than it’s worthSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus.No New Cases in Beijing (8:43 a.m. HK)There were no new infections in China’s capital for the first time since an outbreak started in the city on June 11, according to the Beijing Municipal Health Commission. China reported eight new cases for Monday, all of which were imported. Brazil’s President Tested (8:20 a.m. HK)Jair Bolsonaro is undergoing another Covid-19 test after showing virus symptoms. The Brazilian president had a light fever and could be seen coughing during a Thursday broadcast on his social networks. Atlanta Mayor Tests Positive (6:04 a.m. HK)Atlanta Mayor Keisha Lance Bottoms said she has tested positive for the virus.“COVID-19 has literally hit home,” she tweeted. “I have had NO symptoms and have tested positive.”Texas Infections Rise at Slower Pace (6 a.m. HK)Texas virus cases rose 2.7% Monday, below the seven-day average of 4%, pushing total cases in the state above 200,000. Deaths increased less than 1% to 2,655.Governor Greg Abbott has backtracked on his reopening plan after a surge in cases that’s begun to strain hospitals in large cities. Before the Fourth of July holiday, he closed bars and mandated masks for counties where there have been more than 20 cases. The moves have earned the governor criticism from conservative politicians in the state who think he’s going too far, and city and county governments in Houston and Dallas and Austin that want even stricter measures put in place, including the reinstatement of stay-at-home orders.New Zealand to Limit Returning Citizens (5:48 p.m. NY)New Zealand’s government will limit the number of citizens flying home with the national airline to reduce pressure on its overflowing quarantine facilities.Bookings for seats on Air New Zealand flights “will be managed in the short term to ensure the government is able to safely place” arrivals into managed isolation or quarantine, Housing Minister Megan Woods said in a statement Tuesday. Air New Zealand said it has put a three-week hold on new bookings on international services into New Zealand following the government’s request.South Africa Tops 200,000 Cases (5:40 p.m. NY)The number of confirmed coronavirus infections in South Africa surpassed 200,000. The milestone came just two weeks after the country breached the 100,000 mark, which was reached 116 days after the first case was diagnosed, health ministry data shows. More than 8,000 cases were reported for a sixth consecutive day on Monday, bringing the cumulative total to 205,721. About 47% of those have recovered while 3,310 have died.Fauci Says Vaccine May Only Offer ‘Finite’ Protection (4:50 p.m. NY)Any vaccine developed to ward off the novel coronavirus would likely be limited in how long it would shield against infection, said Anthony Fauci, the top U.S. infectious-disease expert.“You can assume that we’ll get protection at least to take us through this cycle,” Fauci, director of the National Institute of Allergy and Infectious Diseases, said in an appearance on a live-streamed video conference hosted by the National Institutes of Health. Health officials are assuming a shot would offer a degree of protection, though it’s likely “going to be finite,” he said.A shot to protect against Covid-19 won’t work like the measles vaccine, which lasts throughout a person’s lifetime, Fauci said. “We may need a boost to continue the protection, but right now we don’t know how long it lasts.”California Positivity Rate, Cases Jump (4:30 p.m. NY)California Governor Gavin Newsom said 6.8% percent of people receiving coronavirus tests in his state have the disease, up 39% in the last two weeks. The state recorded 5,699 new infections Sunday and is averaging 7,876 new cases per day.The most-populous state has experienced a sharp rise in cases as it reopens more of its economy, with numbers climbing quickly enough that Newsom last week halted indoor dining in 19 counties and closed the parking lots at many beaches in advance of the holiday weekend. California currently has 5,790 people hospitalized with Covid-19, a 50% increase over the last two weeks. Still, that represents just 8% of all available hospital beds in the state, Newsom said.U.S. Cases Rise 2% (4 p.m. NY)Coronavirus cases in the U.S. increased 2% as compared to the same time yesterday to 2.91 million, as of 3:32 p.m. New York time, according to data collected by Johns Hopkins University and Bloomberg News. That topped the average daily increase of 1.8% over the past week. Deaths rose to 130,090.Florida reported 206,447 cases, up 3.2% from a day earlier, compared with an average increase of 5.1% in the previous seven days. Deaths reached 3,778, an increase of 1.3%.Arizona cases rose by 3,352 to 101,441, a 3.4% jump that was below the seven-day average of 4.1%, the state Department of Health Services reported Monday. There was one new death, bringing the toll to 1,810.Cases in North Carolina rose 4.3% to 74,775 while deaths rose 0.7% to 1,432,Ireland Extends Travel Guidance (1:15 p.m. NY)Ireland’s government extended its advice against non-essential international travel until at least July 20, Prime Minister Michael Martin said. The country hasn’t closed its borders but recommends people avoid traveling outside the island. That was expected to change after July 9, but was extended as other countries grapple with rising coronavirus cases. Martin also warned more pubs may not be allowed to reopen as scheduled if problems with social distancing at venues continue.N.J. Transmission Rate Highest in 10 Weeks (1:11 p.m. NY)New Jersey’s transmission rate jumped to 1.03 on Monday, the first time since mid-March that the state has seen a situation where each case is causing to least one other new infection. Governor Phil Murphy called the rise “an early warning sign” that the state must redouble its efforts to keep Covid-19 from returning.Though the transmission rate was up, the state’s hospitalizations over the past 24 hours were at 861. At the peak, more than 8,000 patients were in New Jersey hospitals.Arizona Infections Slow Gain (12:24 p.m. NY)Arizona cases increased by 3,352 to a total of 101,441, a 3.4% jump that was below the seven-day average of 4.1%, the state Department of Health Services reported Monday. There was one new death, bringing the toll to 1,810.According to the state, 61% of total cases involve people under 44 years old, following a national trend of infections hitting a younger demographic. “It’s important for Arizonans to understand that Covid-19 is widespread and circulating in our community, especially in our 20 to 44 year olds,” Cara Christ, director of the health services department, said in a statement.Miami-Dade to Close Restaurants, Gyms (11:21 a.m. NY)Miami-Dade Mayor Carlos Gimenez plans to sign an emergency order to close restaurants, gyms and party venues, among other businesses, he said in a statement Monday. The closures will be effective Wednesday. “We want to ensure that our hospitals continue to have the staffing necessary to save lives,” Gimenez said.Harvard Returning 40% of Students (11 a.m. NY)Harvard plans to bring 40% of undergraduates to campus starting Sept. 2, including freshmen who will live in single bedrooms and be tested every three days. Students with need-based financial aid who don’t return to campus will get $5,000 per semester for home study. Dining services will transition between touchless pick-up and more traditional operations as the situation warrants, the school said.Sophomores and juniors would likely not return to campus this year, and if only one group could return in the early 2021 semester, priority will be given to seniors.Florida Covid Cases Slow Rise (10:29 a.m.)Florida reported 206,447 Covid-19 cases on Monday, up 3.2% from a day earlier, compared with an average increase of 5.1% in the previous seven days. Deaths among Florida residents reached 3,778, a 1.3% rise, according to the report, which includes data through Sunday. Seen on a rolling seven-day basis, Florida’s new cases reached 60,106, the highest ever.Risk of HIV Drug Shortage (10 a.m. NY)Some 73 countries have warned they’re at risk of having shortages of antiretroviral medicines to treat HIV because of the pandemic, the World Health Organization said. Twenty-four already have critically low stocks or disruptions, according to a survey.U.S. Airline Travel Surges Over Holiday Weekend (9:33 a.m. NY)Airline passenger numbers in the U.S. exceeded 700,000 on July 2 for the first time since the pandemic began, according to the Transportation Security Administration. More than 2.6 million passengers were screened by TSA from July 2-5. There were roughly 730,000 airline passengers on Sunday, down from about 2.8 million the same day a year earlier.Portugal Reports Smaller Increase in New Cases (9:01 a.m. NY)Portugal reported 232 new cases on Monday, down from 328 on Sunday, taking the total to 44,129, the government said. Daily new cases in Portugal have ranged between 192 and 457 since the start of June. The additional infections are mostly in the greater Lisbon region, where authorities have tightened restrictions and increased testing.German Official Points to U.S., U.K. in Urging Mask Rigor (8 a.m. NY)“If you look at how the pubs are being stormed in England, the numbers are rising slightly everywhere, not worryingly yet, but one must be careful that it doesn’t happen very quickly,” Markus Soeder, the premier of the state of Bavaria, said on Monday, adding that the outlook in the U.S. also isn’t particularly bright.“There’s absolutely no alternative to being prudent and farsighted,” said Soeder, a potential contender to run as the chancellor candidate for the conservative bloc next year.About 5% of People in Spain Got Virus, Study Shows (7:56 a.m. NY)About 5% of the population in Spain, one of the European countries worst hit by the pandemic, was infected, according to a study published online in the medical journal The Lancet. As many as 10% in and around Madrid were infected, while in coastal areas the estimate was closer to 3%, the researchers found. About a third of the people who had antibodies -- indicating their immune systems had fought the virus -- had no symptoms, they found.U.K. Firms to Cull Jobs When Furloughs End (6:49 a.m. NY)Almost half of businesses taking part in the U.K. government’s coronavirus jobs program expect let go of furloughed staff when support ends in October.The problem is more acute for medium-sized businesses, of which two-thirds say they’ll have to cut jobs when the subsidies expire, according to polling by Opinium and the think tank Bright Blue. A quarter of businesses will struggle to increase their share of employee salaries between August and October, the report showed.More than 9 million people in the U.K. have been furloughed since the lockdown started in March. The government has been paying 80% of salaries, with companies able to top it up to 100%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Were Hedge Funds Right About New Oriental Education & Technology Group Inc. (EDU)?
    Insider Monkey

    Were Hedge Funds Right About New Oriental Education & Technology Group Inc. (EDU)?

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

  • Were Hedge Funds Right About Betting On Accenture Plc (ACN)?
    Insider Monkey

    Were Hedge Funds Right About Betting On Accenture Plc (ACN)?

    At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]

  • TheStreet, Founded by Jim Cramer, Taps Small-Business Loans
    Bloomberg

    TheStreet, Founded by Jim Cramer, Taps Small-Business Loans

    (Bloomberg) -- The parent company of TheStreet Inc., a financial news website co-founded by media personality Jim Cramer, received a $5.7 million loan as part of a program aimed at helping U.S. small businesses weather the pandemic.The loan was included in documents released by the federal government on Monday chronicling the $669 billion Paycheck Protection Program. A spokesman for TheMaven Inc., which acquired TheStreet in 2019 for $16.5 million, said that for “ease-of-process” reasons the borrowing was taken out under TheStreet’s name, but that it was for the entire consolidated company, which owns media properties such as Sports Illustrated.Cramer, who still supplies content to TheStreet under a deal that followed its acquisition by TheMaven, has been critical of how banks handled the Paycheck Protection Program. In April, he slammed financial institutions for approving loans to larger companies than should have been allowed. A spokesperson for CNBC, where Cramer hosts a TV show, didn’t immediately respond to a request for comment.Bloomberg News, part of Bloomberg LP, competes with both TheStreet and CNBC in providing financial news.In June, TheMaven forecast that sales would be more than $115 million this year. It first disclosed that it was taking out the loan in a filing in May.Another news outlet, Axios, which covers finance, government and politics, returned its loan from the Small Business Administration’s stimulus program after it became public.Other media businesses have tapped the loans, including the Daily Caller News Foundation, the organization that backs the Daily Caller conservative news site. The loan has helped offset “the more difficult funding environment for our foundation,” a representative said.(Updates with other media companies taking loans in final paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Were Hedge Funds Right About Piling Into Edwards Lifesciences Corporation (EW)?
    Insider Monkey

    Were Hedge Funds Right About Piling Into Edwards Lifesciences Corporation (EW)?

    We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]

  • Were Hedge Funds Right About Quitting Philip Morris International Inc. (PM)?
    Insider Monkey

    Were Hedge Funds Right About Quitting Philip Morris International Inc. (PM)?

    How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

  • SiriusXM Nears Deal to Buy Stitcher Podcast Network
    Variety

    SiriusXM Nears Deal to Buy Stitcher Podcast Network

    SiriusXM is closing in on a deal to acquire E.W. Scripps Co.'s Stitcher podcast production, distribution and advertising unit, Variety has confirmed. SiriusXM's deal for Stitcher would be worth about $300 million, according to the Wall Street Journal, which first reported the news. Scripps bought Stitcher for $4.5 million in 2016 and combined it with […]

  • KeyCorp (KEY): Are Hedge Funds Right About This Stock?
    Insider Monkey

    KeyCorp (KEY): Are Hedge Funds Right About This Stock?

    At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]

  • Were Hedge Funds Right About Piling Into KKR & Co Inc. (KKR)?
    Insider Monkey

    Were Hedge Funds Right About Piling Into KKR & Co Inc. (KKR)?

    Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]

  • Sangfor Cyber Security Incident Response Service: Be Prepared for Anything!
    Business Wire

    Sangfor Cyber Security Incident Response Service: Be Prepared for Anything!

    Sangfor Technologies, the leading vendor of network security in the APAC region, is proud to announce the launch of its Incident Response (IR) service, geared toward the unique and varied needs of small & medium organizations in the Asian market.

  • Were Hedge Funds Right About Souring On The Liberty SiriusXM Group (LSXMA)?
    Insider Monkey

    Were Hedge Funds Right About Souring On The Liberty SiriusXM Group (LSXMA)?

    At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]

  • Were Hedge Funds Right About Ditching Oracle Corporation (ORCL)?
    Insider Monkey

    Were Hedge Funds Right About Ditching Oracle Corporation (ORCL)?

    Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]

  • Were Hedge Funds Right About Stryker Corporation (SYK)?
    Insider Monkey

    Were Hedge Funds Right About Stryker Corporation (SYK)?

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

  • Snap Inc. (SNAP): Are Hedge Funds Right About This Stock?
    Insider Monkey

    Snap Inc. (SNAP): Are Hedge Funds Right About This Stock?

    The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]

  • Reuters

    PRESS DIGEST- Financial Times - July 7

    British finance minister Rishi Sunak will announce 3 billion pounds ($3.75 billion) of energy efficiency measures on Wednesday as part of a wider coronavirus stimulus aimed at boosting the economy. UK insurer Aviva has appointed Amanda Blanc as its new chief executive on Monday in an unexpected move that increases the prospect of a radical restructuring at one of Britain's biggest insurers. Lloyds Banking Group Chief Executive António Horta-Osório will step down next year after the arrival of a new chairman.

  • Syncro's Next-Gen MSP Platform Sees Massive Growth in 2020
    PR Newswire

    Syncro's Next-Gen MSP Platform Sees Massive Growth in 2020

    According to recent studies, the growth of the Remote Monitoring & Management (RMM) and Professional Services Automation (PSA) software space is experiencing vast changes in 2020. With the bulk of MSPs finding segregated RMMs and PSAs too difficult to manage, they are turning toward the new generation of MSP platforms like SyncroMSP, who offer a completely unified solution that breaks free of the per-endpoint pricing of first-generation MSP platforms.

  • GlobeNewswire

    Amid the COVID-19 crisis and the looming economic recession, the Distribution Voltage Regulators market worldwide will grow by a projected US$671 Million, during the analysis period

    New York, July 06, 2020 -- Reportlinker.com announces the release of the report "Global Distribution Voltage Regulators Industry" -.

  • GlobeNewswire

    Profitap and NetAlly offer integrated solution to streamline packet capture and accelerate root cause analysis

    Profitap, a worldwide expert in creating network analysis and traffic capture solutions, and NetAlly, a global leader in handheld testing solutions for wired and wireless access networks, today announced the release of a product workflow integration with the Profitap Booster for reliable aggregated traffic access and the NetAlly EtherScope™ nXG to capture and analyze this traffic at full line-rate. Remote analysis can also be performed with the ability to access the EtherScope™ nXG through the use of VNC or a secure web-based connection.

  • GlobeNewswire

    Pintec Announces Industrial and Commercial Bank of China’s Successful Implementation of its SME Risk Management Solutions

    ICBC has adopted and implemented Pintec’s SME risk management solutions for its micro- and small-sized (“SME”) lending business, further enhancing the effectiveness of its lending services for SME clients. Through this cooperation, the Company has provided ICBC with a number of cutting-edge fintech technology solutions to further augment the Bank’s Jingyingkuaidai SME lending Product, an inclusive loan product designated for SMEs.

  • COVID-19 Impact & Recovery Analysis- Digital Twin Market 2019-2023 | Need for Predictive Maintenance to Boost Growth | Technavio
    Business Wire

    COVID-19 Impact & Recovery Analysis- Digital Twin Market 2019-2023 | Need for Predictive Maintenance to Boost Growth | Technavio

    The Global Digital Twin Market will grow by USD 12.27 bn during 2019-2023

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