PepsiCo is one of several big-name stocks set to announce earnings results over the next few trading days.
Mr Ji: ‘Bright lights and sparkly thrills in the heart of Soho’ – restaurant review. Dining out can be a chilly affair at the moment, but Mr Ji’s Taiwanese dishes will warm your soul
Red wines to enjoy this summer. As the season’s change, here are three lighter and more fragrant wines from makers of powerful reds to enjoy this summer
For the record. This week’s corrections
Letters: a valiant campaign on care homes, but the pain goes on. Nicci Gerrard’s laudable drive to highlight the plight of care home residents does not lessen the grief of loss
Grow your own … in a rented plot in the neighbour’s garden. An Airbnb-style website aims to bring together people with spare outdoor space and city dwellers who want to start an allotment
The Observer view on Labour’s performance in last week’s elections. Keir Starmer must decide who the party exists for and then persuade them to vote for it
A series of skirmishes thrust Robinhood's growing pains into public view once again this week, underscoring the company’s mounting policy risks. A week ago, the online brokerage was criticized by the most respected investor in America, Warren Buffett, who worried that the platform caters to a gambling instinct and turns stocks into casino chips. A day later, Robinhood blasted the "elites," who it believes are standing in the way of open market access. "If the last year has taught us anything, it is that people are tired of the Warren Buffetts and Charlie Mungers of the world acting like they are the only oracles of investing," Jacqueline Ortiz Ramsay, Robinhood head of public policy communications, wrote in a blog post. Then on Tuesday, Robinhood's nascent crypto trading service temporarily crashed amid a frenzy for dogecoin. (For the uninitiated, dogecoin is a cryptocurrency created as a joke that is an homage to a meme of a Shiba Inu.) Robinhood was later forced to defend itself against an accusation that it was a "dogecoin whale" that holds around $25 billion of the cryptocurrency. Gary Gensler, chairman of the SEC, testified before the House Financial Services Committee on Thursday about the risks posed by Robinhood. Like Buffett, Gensler is concerned that platforms like Robinhood turn stocks into a game, prompting users to make more trades. This heightened activity is then made profitable through payment for order flow, a controversial practice of routing trades to market makers in exchange for cash. Robinhood reportedly earned $331 million from payment for order flow in the most recent quarter. Of that, nearly two-thirds is said to have come from options trading. Robinhood can write off Buffett, but not the SEC. And it would do well to heed the Oracle of Omaha's advice: "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." There are many signs that we are living in greedy times, and that should make Robinhood fearful. The Federal Reserve this week warned that frothy asset prices were "vulnerable to significant declines should investor risk appetite fall." It's not just public equities: Venture capital valuations grew sharply in the first quarter to build on last year's already elevated figures, especially for large late-stage rounds, according to the latest PitchBook-NVCA Venture Monitor. As for cryptocurrencies, well, you know that story. For better or worse, Robinhood has emerged as a home for the greedy. In a seemingly fearless market, its customer base has ballooned to more than 13 million. As Robinhood prepares for an IPO later this year, the company might consider what will happen—and who might get blamed—if and when that greed turns to fear. In a stock rout, will the hordes of meme stock traders follow Buffett's oft-quoted advice, or will they panic and sell? A market correction could be a bloodbath for novice day traders, especially those who trade options or on margin. If the GameStop saga is any indication, regulators and politicians have already selected Robinhood as their favorite scapegoat. Here’s a modest proposal: Instead of sparring with Buffett, the company could use its platform to encourage the sort of common sense behavior that he has long proselytized. Robinhood already knows how to do this. The company's gamified interface can be used for good by implementing behavioral tricks that nudge people toward longer holding periods, diversified portfolios and other sensible goals. Criticism aside, Robinhood has much to celebrate, and it deserves credit for introducing a new generation of investors to equities. Moreover, its plan that reportedly would allow users to participate in upcoming IPOs—including its own—could be revolutionary. It is unclear how dependent Robinhood's business model is on active trading, or whether it can wean itself off the fat checks that payment for order flow provides. But the company’s upcoming S-1 filing should clarify the matter by showing just how important those order flow payments are. It may be that long-term investors aren't a particularly good fit for Robinhood's business. Even if that's the case, Robinhood would be wise to put its users' financial health first, protecting both a generation of investors and its own self-interest. As Buffett has said, "The most important thing to do if you find yourself in a hole is to stop digging."
Lyon can mathematically still win the title, but trail leaders Lille by six points with two matches remaining.
We didn't know what to expect when "Saturday Night Live" announced Elon Musk would host its May 8 episode.
Reilly Smith got his first career hat trick, Marc-Andre Fleury made 20 saves, and the Vegas Golden Knights defeated the St. Louis Blues 4-1 on Saturday night. Chandler Stephenson also scored for the Golden Knights, who moved into a tie with the Carolina Hurricanes for the most points (80) in the NHL. Vegas extended its home winning streak to a season-high seven games.
New Delhi [India], May 9 (ANI): Prime Minister Narendra Modi on Sunday paid tribute to Maharana Pratap on his birth anniversary and said his sacrifice and dedication to the motherland will always be remembered.
Miley Cyrus opened "Saturday Night Live" this week with a moving cover of Dolly Parton's "Light of a Clear Blue Morning."
Manchester City can win the Premier League if Manchester United lose at Aston Villa.
Saturday Night Live host Elon Musk made an unexpected announcement during his opening monologue when he revealed he has Asperger syndrome. When disclosing the neurodevelopmental disorder, Musk also claimed that he was “making history” as the first person with Asperger’s to host SNL — “or at least the first to admit it,” he said. “So, […]
Miley Cyrus was the musical guest for the May 8 episode of Saturday Night Live, which was hosted by Elon Musk
DENVER — Kevin Durant scored 33 points, including five free throws over the last 21 seconds, and Kyrie Irving added 31 as the Brooklyn Nets snapped a four-game skid by storming back to beat the short-handed Denver Nuggets 125-119 on Saturday night. The Nets moved a half-game in front of Milwaukee for the second seed in the Eastern Conference. Brooklyn remained three games behind East-leading Philadelphia. After trailing by as many as 21 points in the first half, the Nets took the lead for good at 111-110 on a 3-pointer by Joe Harris with 6:12 remaining. It was their first lead since 35 seconds into the game. But it was far from easy down the stretch. Nikola Jokic had a chance to give the Nuggets the lead with 23.9 seconds left, only to see his turnaround miss. Durant made two free throws to make it 122-119. Durant was fouled soon after Jokic missed a shot on the other end. The Nuggets big man was upset over the no-call and lost his cool, picking up a technical with 9.1 seconds left. Durant made three free throws to secure the win. Blake Griffin had 16 of his 20 points in a pivotal third quarter to help the Nets climb back into the game. Jokic had 29 points and Michael Porter Jr. added 28 points, including six 3-pointers, as the Nuggets had their seven-game home winning streak snapped. It was their final regular-season game this season at Ball Arena, where the Nuggets finished 25-11. Facundo Campazzo had 19 points and little-used Markus Howard chipped in a career-best 13 points as the Nuggets went with unconventional lineups after playing the night before at Utah. Aaron Gordon was a late scratch with tightness in his right calf, joining a growing list of banged-up Nuggets. The injury report now includes Jamal Murray (ACL), Zeke Nnaji (sprained left ankle), Monte Morris (hamstring), Will Barton (hamstring) and PJ Dozier (right adductor strain). Paul Millsap also didn't play as he wore a back brace on the bench. In the second quarter, Nuggets coach Michael Malone turned to the little-used lineup of Vlatko Cancar, Bol Bol, Howard, Shaquille Harrison and JaVale McGee. TIP-INS Nets: G James Harden was out for a 17th straight game with a right hamstring strain. ... Durant had 11 boards. ... The Nuggets had a 27-1 edge in second-chance points. Nuggets: Porter scored Denver's opening 11 points. ... This was the largest blown lead in a loss this season for Denver. The previous biggest was 20 at Washington on Feb. 17. NASH ON JOKIC Brooklyn coach Steve Nash spoke of Jokic in high regard. “Clearly, I think Jokic is the MVP this year,” Nash said. “He’s kind of gone wire-to-wire at this high level, and makes his teammates better, makes everything go. They lose Jamal Murray and they haven’t really skipped a beat. That shows how good he is.” SAME GAME Malone sees similarities between Durant and Porter. “Very similar body types, tremendous size, length,” Malone said. “Obviously, Kevin Durant’s body of work is just tremendous; he’s one of the top five players in the world.” UP NEXT Nets: Finish a five-game trip Tuesday at Chicago. Nuggets: At Charlotte on Tuesday as Denver concludes the season with four straight road games. ___ More AP NBA: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports Pat Graham, The Associated Press
BANGKOK — Myanmar's junta has labeled a shadow government of lawmakers and politicians ousted in a February coup and a people's defence force that is being set up to confront security forces as terrorist groups. The government of national unity was established by elected legislators who were barred from taking their seats when the military seized power and detained civilian leader Aung San Suu Kyi and others. The junta has previously accused them of treason, and the announcement on state TV Saturday said they were being branded terrorists because of their participation in a civil disobedience movement — a popular revolt against the military takeover that has seen people taking to the streets daily despite the lethal use of force by authorities. More than 700 protesters and bystanders have been killed by security forces since the Feb. 1 coup, according to several detailed estimates. The junta has said the death toll is about one-third of that, and that the use of lethal force was justified to end what it called rioting. Last week, the shadow government announced the formation of “People’s Defence Force,” which would serve as a precursor to a “Federal Union Army” of democratic forces including ethnic minorities. The National Unity Government has the backing of several major ethnic minority groups who for decades have been seeking greater autonomy and who maintain their own guerrilla forces. The two most important are the Kachin in the north and the Karen in the east, both of which are actively engaged in combat with the government’s military forces. Since the coup and crackdown on opponents, students and factory workers have fled to territory controlled by the ethnic guerrilla forces to take military training. The Associated Press
“Our stronger partnership is essential for achieving peace and prosperity for our peoples,” PM Modi said.
Tesla CEO joked that he had bought the cryptocurrency as a Mother’s Day gift
Top buzzer beaters from Denver Nuggets vs. Brooklyn Nets, 05/08/2021