Yahoo MoviesTarget's Strong 2020 Run Continued During the Holidays
Target finished 2020 on a strong note, but will its recent market share gains and margin expansion reverse after the pandemic ends?
Target finished 2020 on a strong note, but will its recent market share gains and margin expansion reverse after the pandemic ends?
'What have they done?': What the papers say about fallout from the Meghan and Harry interviewPalace crisis is splashed across the front pages, with several papers asking what racism accusations will mean for the royal family UK newspaper front pages on 9 March, following Oprah’s explosive interview with Harry and Meghan Composite: Various
UNITE HERE Local 11 Announces Growing Support of Chateau Marmont Boycott as Stonewall Democratic Club and West Hollywood Elected Leaders Sign On
Tom Williams/GettyRep. Dan Crenshaw (R-TX) did not buy or sell any stocks in his first 13 months as a congressman. That changed in March 2020, when he made half a dozen buys as the largest economic relief package in history was written and debated.Five of those purchases came in the three days between March 25 and 27, as the Senate and House voted on the CARES Act and former President Trump signed it into law. Crenshaw, who supported the bill, did not initially disclose the transactions, in violation of the STOCK Act, a law that requires members of Congress to tell the public when they engage in securities trades. Months later he amended his records to reflect the purchases.The trades, which are listed only in a range of values, add up to a maximum of $120,000, and do not compare in size or volume to the kinds of headline-grabbing transactions executed ahead of the pandemic by Sens. Kelly Loeffler and David Perdue. They only appeared in December, when Crenshaw amended his annual report, originally submitted in August.“You’re referencing financial disclosures that use a range to report stock purchases, and you’re choosing the upper end of the range to come up with that $120,000 figure,” Justin Discigil, Crenshaw’s communications director, told the Daily Beast in an email. “The real number is around $30,000 at most,” Discigil said, and “in no way were his purchases unethical or related to official business.”The timing, however, along with Crenshaw’s own trading history and connections to the industry, raises questions about why he made the purchases and failed, twice, to disclose them.“Members of Congress should not be actively trading securities in the middle of a crisis. It shows that when the market crashes, that person is thinking about themselves and using the volatility to their own advantage,” said Ben Edwards, a securities law expert and professor at the William S. Boyd School of Law at the University of Las Vegas Nevada. “We all have a limited amount of attention, and if you’ve got one eye on your stock portfolio, then you’re not giving that crisis or the American people the full attention they demand.”Crenshaw, elected in 2018, had never traded individual stocks in office until that crisis struck, according to public records. Then, when global markets crashed on March 12, Crenshaw bought between $1,001 and $15,000 in Amazon. Two weeks later, while Congress voted on the CARES Act, Crenshaw bought stocks valued at the same price range in Southwest, Boeing, energy infrastructure manfacturer SPX, and Kinder Morgan, a Texas-based company specializing in pipeline construction. He also bought into an index fund tied to the performance of the S&P 500.While it’s unclear why Crenshaw did not initially disclose the transactions, they came as an increasing number of high-profile lawmakers were getting snared in an insider-trading scandal. Except for the Amazon purchase, all of Crenshaw’s transactions came a week after ProPublica reported that Sen. Richard Burr (R-NC) had sold up to $1.72 million on the heels of private coronavirus briefings. On March 20, The Daily Beast reported that Loeffler and her husband had sold off seven figures worth of stock following her first confidential briefings on the pandemic. Scrutiny soon fell on trades executed by Sens. David Perdue (R-GA), Jim Inhofe (R-OK), Dianne Feinstein (D-CA) and John Hoeven (R-ND), spurring investigations by the Justice Department, the Senate Ethics Committee and the Securities and Exchange Commission. None of the lawmakers faced criminal charges. Perdue and Loeffler lost their re-election bids to Democratic challengers Jon Ossoff and Rev. Raphael Warnock in runoff elections this January.In response to the scandal, the Campaign Legal Center analyzed all congressional stock trades made between Feb. 2 and April 8, finding that a dozen senators made a combined 127 transactions in the timeframe, and 37 House members made at least 1,358 transactions.Texas Rep. Dan Crenshaw Dunks on Newly Elected QAnon Queen, Marjorie Taylor Greene Crenshaw’s name did not make it into those media reports, however, because he hadn’t disclosed his purchases. The STOCK Act, a 2012 law intended to deter federal elected officials from trading on inside knowledge, requires congress to post all transactions within 45 days. Not only did Crenshaw fail to disclose the transactions at the time, he didn’t include them in his annual disclosure, filed in August. And while that filing shows that Crenshaw holds the new assets, the form also requires members to list the transactions, including the dates, which Crenshaw left blank. They only appeared when the Lone Star Republican filed an amended annual report in December.Crenshaw’s spokesperson told The Daily Beast that the Harvard alum and former Navy SEAL had filed that amendment “to fix clerical issues in his report like making sure dates were correct.”At the time of the transactions, congress was scrambling to put together the CARES Act, a monumental emergency relief package that cost more than $2 trillion, and which Crenshaw supported. The Republican-led Senate approved the bill on March 25, the day Crenshaw bought stock in SPX and the S&P 500 fund. The package passed the House the next day, when Crenshaw scooped up Southwest and Kinder Morgan, and was signed into law by Trump on March 27, the day that Crenshaw acquired his stake Boeing.At the time, Crenshaw sat on the House committees for Budget and Homeland Security. Boeing in particular lobbied heavily, and successfully, for a piece of the CARES Act, asking at first for $60 billion and later hoping to receive a $17 billion slice that lawmakers set aside for “businesses critical to maintaining national security.” The nonpartisan Institute on Tax and Economic Policy said at the time that it was “generally understood that the bill’s authors want much, if not all, of this $17 billion to go to a single company: Boeing.” But in late April, the manufacturer passed on the deal, opting instead to raise $25 billion in private investment thanks to moves that the Federal Reserve made independently of the CARES Act. The day that Crenshaw bought Boeing, markets snapped their brief positive burst, and the company led the boards that day in losses. His investment has now grown more than 38%. Boeing’s employee PAC gave $3,000 to Crenshaw’s 2020 campaign.All of Crenshaw’s purchases have shown returns, with the biggest yields from Boeing, Amazon and Southwest Airlines. Amazon bounced up from about $1,820 a share on March 12 to $2,979 today, and Southwest Airlines rose from around $41 to a little over $60.“It’s not hard to see that airlines would be among the hardest-hit stocks in a global pandemic that restricted air travel,” Edwards said. “So the short-term is that they’re going to get hammered, but in the long term, the sky is going to be busy again.” That calculation includes the likelihood that the federal government would pitch in to keep the industry aloft, and in mid-April the airlines got their $25 billion bailout.Edwards said that while the limited available information makes it impossible to know why Crenshaw and other officials make specific trades, new reforms introduced in response to the trading scandal would make such transactions impossible.“Some of the proposals for limiting stock purchases would really cut back on activity like this. For instance, Senator Warren’s plan would prohibit buying and selling individual stocks, and just allowing members to track markets through index funds,” he said. “Another proposal is to require lawmakers to disclose their trading plans in advance, which executives of publicly traded companies already do. That would reduce the likelihood or suspicion that they’re using private information or their own legislative powers to their advantage.”Kedric Payne, senior director of ethics at the Campaign Legal Center, told The Daily Beast in November that lawmakers in the public’s trust shouldn’t risk even the appearance of having a personal financial stake in their government work."It is nearly impossible to make decisions affecting an industry and then receive a personal financial benefit without appearing to have a conflict of interest," Payne said. "Even if officials rely on financial advisors to make trading decisions on their behalf, the perception of conflicts of interest remains, because the public does not know if there are winks and nods prompting the trades."Last week, Business Insider reported that Rep. Tom Malinowski (D-NJ), an advocate for transparency, had failed to disclose dozens of stock transactions over the course of 2020. Malinowski, who like Perdue — but unlike Crenshaw — claims that a third-party financial adviser independently executes his trades, said that his time in the barrell sharpened his appetite for reform.“This does reinforce my view that members of Congress should not be invested in the stock market or, if they are, they should not have any visibility into the stocks they own,” Malinowski later told NJ.com. “Inevitably, even if the decisions are made by an investment firm with no input from the member of Congress, there can be this perception of influence because what we do in Congress affects every aspect of the economy.”Crenshaw doesn’t own many individual stocks, currently. Beyond the trades in March, he only holds shares in Alphabet — Google’s parent company — and a small stake in Schlumberger, a global oilfield services provider primarily based in Europe, with a branch in Houston. The energy-dependent metropolis also hosts Kinder Morgan, but the offices of both companies are located just outside the lines of Crenshaw’s gerrymandered district.The trades intersect with Crenshaw’s government work, specifically in energy. The oil and gas industry contributed a total $453,247 to his 2020 re-election efforts, and was his largest industry patron in terms of PAC donations. And while this may not have posed a direct conflict of interest last year, that may no longer be the case: On Jan. 21, House Republican leadership took Crenshaw off of his Homeland Security and Budget committee assignments and moved him to the Committee on Energy and Commerce.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet 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.
Most U.S. visa applicants who were denied because of former President Donald Trump's travel ban on 13 mostly Muslim-majority and African countries can seek new decisions or submit new applications, the State Department said on Monday. President Joe Biden overturned Trump's so-called Muslim ban on Jan. 20, his first day in office, calling it "a stain on our national conscience" in his proclamation. State Department spokesman Ned Price said applicants who were refused visas prior to Jan. 20, 2020, must submit new applications and pay a new application fee.
WWE® (NYSE: WWE) today announced that a limited number of tickets to its two-night pop culture extravaganza, WrestleMania presented by SNICKERS, will go on sale next Tuesday, March 16 starting at 10 AM ET. WrestleMania will take place Saturday, April 10, and Sunday, April 11, at Raymond James Stadium in Tampa Bay and stream live exclusively on Peacock in the United States and on WWE Network everywhere else.
RADNOR, Pa., March 08, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Middle District of Tennessee against Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover”) on behalf of those who purchased or acquired Clover publicly traded securities between October 6, 2020 and February 4, 2021, inclusive (the “Class Period”), and/or purchased or acquired Clover securities pursuant or traceable to Clover’s registration statement and prospectus issued in connection with the December 2020 Merger. Deadline Reminder: Investors who purchased or acquired Clover publicly traded securities during the Class Period may, no later than April 6, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at info@ktmc.com; or click https://www.ktmc.com/clover-health-investments-corp-securities-class-action?utm_source=PR&utm_medium=link&utm_campaign=clover According to the complaint, Clover provides health insurance services. Clover was taken public through a reverse merger with IPOC, a Special Purpose Acquisition Company (the “Business Combination”). Prior to the Business Combination, IPOC traded on the New York Stock Exchange. The Class Period commences on October 6, 2020, when Clover issued a press release announcing its intention to become a public company through a merger with IPOC. On October 20, 2020, Clover filed its registration statement and preliminary proxy statement/prospectus on a Form S-4 with the SEC (the “Registration Statement”). The Registration Statement was amended on December 9, 2020 and December 10, 2020, and was declared effective on December 11, 2020. The Registration Statement touted Clover’s growth as strong and organic. On February 4, 2021, before market hours, Hindenburg Research published a research report that revealed that Clover’s flagship platform, Clover Assistant, was the subject of a U.S. Department of Justice (“DOJ”) investigation for a variety of issues, including illegal kickbacks, marketing practices, and undisclosed related-party transactions. Hindenburg discovered that Clover’s sales growth was not driven by technology, but by deceptive sales practices. Following this news, Clover common stock (CLOV) fell $1.72 per share, or 12.3%, to close at $12.23 per share on February 4, 2021, and Clover warrants (CLOVW) fell $0.18 per warrant, or 5%, to close at $3.39 per warrant on February 4, 2021. On February 5, 2021, before the market opened, Clover filed a Form 8-K disclosing that the SEC was conducting an “investigation and requesting document and data preservation for the period from January 1, 2020, to the present, relating to certain matters that are referenced in the [Hindenburg Research report].” Following this news, Clover common stock (CLOV) fell $0.53 per share, or 4.3% during intraday trading on February 5, 2021, and Clover warrants (CLOVW) fell $0.28 per warrant, or 8.2% during intraday trading on February 5, 2021. The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Clover was under active investigation by the DOJ for at least 12 issues ranging from illegal kickbacks, to marketing practices, to undisclosed related-party deals; (2) the DOJ’s investigation presented an existential risk to Clover, since it derives most of its revenues from Medicare; (3) Clover’s sales were driven by a major undisclosed related-party deal and misleading marketing targeting the elderly, not its purported “best-in-class” technology; (4) a significant portion of Clover sales were from an undisclosed relationship between Clover and a brokerage firm controlled by Clover’s Head of Sales; and (5) as a result, the defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis. Clover investors may, no later than April 6, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP, or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. CONTACT: Kessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.Adrienne Bell, Esq.280 King of Prussia RoadRadnor, PA 19087(844) 887-9500 (toll free)info@ktmc.com
Vancouver, British Columbia--(Newsfile Corp. - March 8, 2021) - Crystal Bridge Enterprises Inc. (TSXV: CRYS.P) (the "Company") is pleased to provide an update regarding its Qualifying Transaction (the "Transaction") with Alpha Cognition Inc. ("ACI"), as previously announced on July 14, October 28 and December 4, 2020. The Company is pleased to announce that ACI has obtained an interim order of the Supreme Court of British Columbia providing for, among other things, the holding of ...
Texas Lieutenant Governor Dan Patrick called on power grid operator Electric Reliability Council of Texas (ERCOT) on Monday to correct a $16 billion pricing error during the week of a winter storm that led to power outages across the state. Potomac Economics, the independent market monitor for Texas power regulator the Public Utility Commission, said last week that ERCOT made a $16 billion pricing error as it kept market prices charged to electricity providers too high for more than a day after widespread outages ended late on Feb. 17.
New York, New York--(Newsfile Corp. - March 8, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Multiplan Corporation F/K/A Churchill Capital Corp. Iii (NYSE: MPLN) alleging that the Company violated federal securities laws.Class Period: July 12, 2020 and November 10, 2020Lead Plaintiff Deadline: April 26, 2021Learn more about your recoverable losses in MPLN:http://www.kleinstocklaw.com/pslra-1/multiplan-corporation-f-k-a-churchill-capital-corp-iii-loss-submission-form?id=13455&from=5The filed complaint alleges that Multiplan Corporation F/K/A Churchill Capital ...
New York, New York--(Newsfile Corp. - March 8, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Penumbra, Inc. (NYSE: PEN) alleging that the Company violated federal securities laws.Class Period: August 3, 2020 and December 15, 2020Lead Plaintiff Deadline: March 16, 2021Learn more about your recoverable losses in PEN:http://www.kleinstocklaw.com/pslra-1/penumbra-inc-loss-submission-form?id=13456&from=5The filed complaint alleges that Penumbra, Inc. made materially false and/or misleading statements and/or failed ...
Radnor, Pennsylvania--(Newsfile Corp. - March 8, 2021) - The law firm of Kessler Topaz Meltzer & Check, LLP reminds that an investor securities fraud class action lawsuit has been filed against iRhythm Technologies, Inc. (NASDAQ: IRTC) ("iRhythm") on behalf of those who purchased or acquired iRhythm common stock between August 4, 2020 and January 28, 2021, inclusive (the "Class Period").Investor Deadline Alert: Investors who purchased or acquired iRhythm common stock during ...
SMU coach Travis Mays will not return next season after compiling a 58-50 record over five seasons. Athletic director Rick Hart said Monday night that he had decided not to renew Mays' contract. The Mustangs, whose last NCAA Tournament appearance was in 2008, lost all six games they played this season.
The new policy could give Biden a political boost in Florida, where Venezuelans spent years lobbying then-President Trump against deportation.
The Oscar-winning actor revealed his wife is watching re-runs of his iconic TV show
New York, New York--(Newsfile Corp. - March 8, 2021) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of GTT Communications, Inc. (NYSE: GTT) between May 5, 2016 and November 9, 2020, inclusive (the "Class Period"), of the important March 15, 2021 lead plaintiff deadline in the securities class action first filed by the firm.SO WHAT: If you purchased GTT securities during the Class Period you may ...
Solidarity was the message at the 1000 Islands Gananoque Chamber of Commerce's second annual International Women's Day event Monday afternoon. The event, held over Zoom due to the COVID-19 pandemic, was a two-part affair featuring many prominent local women with dozens of attendees. The first half featured a keynote address by former federal minister Dr. Jane Philpott. Now the dean of the Faculty of Health Sciences at Queen's University’s School of Medicine, Philpott's address touched on multiple topics related to women in the health-care workforce. While gains are being made by women in the health-care field, with almost half of all doctors in Canada being women, Philpott said that is only part of the equation. "While women end up getting into the field, they often don't rise to the leadership positions," said Philpott. She referenced how there are 17 medical schools across the country, but only four deans are women. Philpott used most of her time to speak about the issues faced by minorities, particularly indigenous people, in Canada. "Now that we as women are seeing ourselves more and more represented in the workforce, and medicine in particular, there are other groups that we have started to recognize as not well represented," she said. Speaking on the systemic racism that is faced by minorities in the workforce, Philpott said under-representation is a main cause. An action table has been launched under Philpott at Queen's to deal with the problem. The Equity, Diversity and Inclusion action table has its own office in Health Sciences at Queen's that works toward greater representation both with staff and students. Bouncing off of a Queen's fund that is part of the action table, Philpott said that something people in the community could do to support people facing inequalities is a scholarship. Philpott is perhaps best known to many for having resigned from the role of President of the Treasury Board, over her opposition to the government's handling of the SNC-Lavalin affair, in early March 2019. She was later expelled from the Liberal caucus, along with former justice minister Jody Wilson-Raybould. Chamber executive director Amy Kirkland said at the event she was looking forward to speaking further with Philpott on fundraising for a possible scholarship. "Perhaps have a big event annually because I think it would be definitely in our interests to help," said Kirkland. Following Philpott's keynote, the afternoon moved to a forum made up of moderator and radio host Leanne Cater, and four women from Gananoque and the Township Leeds and the 1000 Islands. Panellists were Terri Dawson, owner of the Green Gecko; Wendy Merkley, owner of Andress Boat Works; Gananoque firefighter Dawn Kirkby and Lisa Robichaud, owner of Nature's Tonic. Some of the topics covered by the panellists were characteristics of success, the progression of women's rights and role models. Something they discussed was how they had all various people they looked up to who helped in their career and life path. "I have a melting pot of a lot of really great people I can look up to in my community and in my life," said Dawson. When asked about the importance of International Women's Day, Robichaud said that it is important to include boys in conversations that they normally would not have been a part of in the past. "It’s so important we talk about teaching our girls, but it's so important to teach our boys,” said Robichaud. "As women, we can hold each other up and support each other, but if we're not educating young boys on how to treat us as equals and love and have compassion, there's a disconnect.” Marshall Healey, Local Journalism Initiative Reporter, Brockville Recorder and Times
Oprah Winfrey's interview with Prince Harry and Duchess Meghan was big news on both sides of the Atlantic, with UK tabs the toughest on the couple.
Watch the Game Highlights from Erie BayHawks vs. Lakeland Magic, 03/08/2021
New York, New York--(Newsfile Corp. - March 8, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of bluebird bio, Inc. (NASDAQ: BLUE) alleging that the Company violated federal securities laws.Class Period: May 11, 2020 and November 4, 2020Lead Plaintiff Deadline: April 13, 2021Learn more about your recoverable losses in BLUE:http://www.kleinstocklaw.com/pslra-1/bluebird-bio-inc-loss-submission-form?id=13454&from=5The filed complaint alleges that bluebird bio, Inc. made materially false and/or misleading statements ...
"Evie Jo is doing great with her sleeping and eating," Jinger (Duggar) Vuolo says in a new update