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U.S. Supreme Court nominee Barrett pledges to follow law, not personal views

October 11, 2020

By Steve Holland, Lawrence Hurley

FILE PHOTO: Judge Amy Coney Barrett meets with United States Sen. Josh Hawley (R-MO.), not pictured, at the United States Capitol Building in Washington, D.C., U.S., October 1, 2020. Demetrius Freeman/Pool via REUTERS/File Photo

WASHINGTON (Reuters) – Amy Coney Barrett, President Donald Trump’s pick for a U.S. Supreme Court vacancy, said she will rule based on the law, not her personal views, in prepared remarks issued on Sunday ahead of her Senate confirmation hearing this week.

Barrett, a conservative appeals court judge, said that in her current job she has “done my utmost to reach the result required by the law, whatever my own preferences might be.”

A devout Catholic who has a record of opposing abortion rights, Barrett is likely to be probed by Senate Democrats on that issue in particular. If Barrett is confirmed to the position by the Republican-controlled Senate, the court

Yearn finance (YFI) gains 36% as DeFi tokens follow Bitcoin’s bullish trend

October 10, 2020

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In the past 72 hours, Yearnfinance (YFI) surged by 58% after dropping to as low as $12,260 at a few exchanges.

Three factors that may have catalyzed the sharp rebound are: YFI had become deeply oversold, lead developer Andre Cronje’s deep commitment to the project and the ever expanding use cases for YFI within a large ecosystem.

YFI was deeply oversold

Over the past month DeFi tokens endured a brutal correction which saw the value of many DeFi tokens drop by 40%-70%. The sell-off appears to be primarily led by corrections in Bitcoin (BTC) and Ether (ETH) but now that BTC has turned $11K to support, traders are watching to see if YFI and other tokens will continue to rise higher.

*YFI/USDT daily chart. Source:* *TradingView.com*

As Cointelegraph reported, the strong fundamentals of the top DeFi projects was a hint that the market was oversold.

At the time data showed

Global stocks follow Wall Street higher on stimulus hopes

October 9, 2020

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BEIJING (AP) — Global stock markets and Wall Street futures rose Friday after President Donald Trump said talks had resumed on an aid package for the struggling U.S. economy.

London and Frankfurt opened higher. Shanghai and Sydney advanced. Tokyo and Hong Kong declined.

Wall Street gained Thursday after President Donald Trump, who earlier called off negotiations with legislative leaders, said “very productive” talks had begun. Separately, a report indicated the near-record pace of U.S. job losses might be slowing.

Stock prices have been volatile since mid-September as investors swing between optimism about possible development of a coronavirus vaccine and unease that markets recovered too fast and shares are too expensive.

“When the world’s financial markets are at the mercy of the randomness emanating from the White House, it is hardly surprising that investors elsewhere would prefer to wait on the side-lines,” said Jeffrey Halley of Oanda in a report. “Unfortunately,

Asian stocks follow Wall Street higher on stimulus hopes

October 9, 2020

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BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U.S. economy.

Benchmarks in Shanghai, Hong Kong, South Korea and Sydney advanced. Tokyo was off 0.1%.

Wall Street gained Thursday after President Donald Trump suggested he might be reversing his decision to halt talks on economic aid. Separately, a report indicated the near-record pace of U.S. job losses might be slowing.

Stock prices have been volatile since mid-September as investors swing between optimism about possible development of a coronavirus vaccine and unease that markets recovered too fast and shares are too expensive.

“The on-and-off nature of the fiscal stimulus discussion in the U.S. hardly inspires lasting confidence,” said Mizuho Bank in a report. “Uncertainty around the presidential election on 3 November will likely persist not only through to polling day but possibly after.”

The Shanghai Composite Index, resuming

Asian Stocks Follow Wall Street Higher on Stimulus Hopes | Business News

October 9, 2020

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By JOE McDONALD, AP Business Writer

BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U.S. economy.

Benchmarks in Shanghai, Hong Kong, South Korea and Australia advanced. Tokyo was off 0.1%.

Wall Street gained Thursday after President Donald Trump suggested he might be reversing his decision to halt talks on economic aid. Separately, a report indicated the near-record pace of U.S. job losses might be slowing.

Stock prices have been volatile since mid-September as investors swing between optimism about possible development of a coronavirus vaccine and unease that markets recovered too fast and are too expensive.

“The on-and-off nature of the fiscal stimulus discussion in the U.S. hardly inspires lasting confidence,” said Mizuho Bank in a report. “Uncertainty around the presidential election on 3 November will likely persist not only through to polling day but possibly after.”

Bankruptcy Bingo For JCPenney: Follow The Money

October 8, 2020

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A JCPenney store that is in the process of closing after the... — Two different groups of potential buyers are fighting to make sure this closing doesn’t spread to … [+] the entire chain. (Photo by Paul Hennessy/SOPA Images/LightRocket via Getty Images)

SOPA Images/LightRocket via Getty Images

JCPenney may be about to emerge from its chapter 11 bankruptcy and get back to the business of retailing. Then again, maybe it won’t.

In what is turning into certainly one of the most convoluted and complicated bankruptcy cases in recent retail history, what had seemed to be a done deal for two shopping mall real estate companies and a group of private equity investors to buy the company has apparently hit a speed bump. How big that bump is and how much damage it will do to the underside of this deal remains to be seen.

The latest wrinkle came earlier this week when a group of smaller lenders to the retailer led by Aurelius

CBS Buys Sabrina Jalees’ Comedy ‘Alam, The Family’ & Michael Peterson’s Drama ‘Follow The Money’ From Kapital Entertainment

October 3, 2020

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a close up of Sabrina Jalees wearing a hat

Click here to read the full article.

EXCLUSIVE: CBS has put in development crime drama Follow the Money, from writer Michael Peterson, and Alam, the Family, a semi-autobiographical multi-camera comedy from writer-comedian Sabrina Jalees. Both projects hail from Aaron Kaplan’s Kapital Entertainment and CBS TV Studios.

In Follow the Money, written by Peterson, a brilliant forensic accountant, who turned in her own father for engineering a high-profile pyramid scheme, teams with a hedonistic FBI agent running from his troubled past to solve the most challenging crimes by following financial clues, proving that while people may lie, money never does.

Peterson executive produces with Kapital’s Kaplan and Dana Honor. Kapital is producing alongside CBS TV Studios.

Video: ‘Escaping The NXIVM Cult’ – Lifetime Trailer (Newsweek)

‘Escaping The NXIVM Cult’ – Lifetime Trailer

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Alam, the Family is

ArcelorMittal Rises 11% In A Day On Acquisition News; More Gains To Follow

October 1, 2020

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ArcelorMittal stock (NYSE: MT) increased 10.5% in a day on September 28, 2020. This was after the announcement of Cleveland-Cliffs deciding to buy ArcelorMittalâs US operations in a $1.4 billion cash and stock deal, expected to close later this year. ArcelorMittal will receive over $500 million in cash upfront while the remaining portion will be almost a quarter share in Cleveland-Cliffs stock (NYSE: CLF). After completing a $2 billion asset sale to reduce debt, this deal will help MT to repurchase shares with the $500 million cash proceeds. Also, this includes only the sale of its US assets, while MT will continue to serve North American markets with operations in Canada and Mexico. Thus, expectations of lower debt burden, gradual recovery in the steel market, and the new share repurchase program led to 10.5% intra-day spike in MTâs stock. Despite this rise and the fact that the stock is up

‘Buy a tiger’ and ‘follow David Hasselfhoff on tour’: reasons people have borrowed money

September 30, 2020

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More than 5,000 United States loan brokers and personal bankers were asked to reveal the strangest reasons they have seen on applications for personal loans.

Financial experts Loanry.com has compiled those answers and some of them are odd.

Here are some of the reasons people want to borrow money:

1. To buy a tiger.

2. To build a statue of a loved one.

3. To follow David Hasselhoff on tour around Europe.

4. To keep an affair secret.

5. To hire an undisclosed celebrity to be present at the birth of their child.

6. To build a working replica of a trebuchet (type of catapult).

7. To go missing for a while.

8. To hire an acting troupe to recreate the “Game of Thrones” Red Wedding at their own.

9. To fund a trip to every Applebee’s restaurant in the United States.

10. To have plastic surgery to look like

Follow the rioters’ money trail to stop the chaos

September 29, 2020

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ANALYSIS/OPINION:

Successful countries are characterized by a fidelity to long-lasting traditions and institutions, including the rule of law. Jurisdictions characterized by few constructive traditions, weak institutions and failures to maintain the rule of law are prone to chaos. The U.S. is threatened at the moment by calls to undermine a key institution the U.S. Supreme Court and by certain state and local authorities who are failing to maintain the rule of law. There are a couple of non-complex and very doable solutions for these two problems.

The American Founders were keenly aware that parliamentary democracies tend to evolve into corrupt majoritarian tyrannies, so they designed a republican form of government with three branches of government to checkmate each other. The Founders understood that the U.S. Constitution they created was not perfect and from time to time would need to be amended in an orderly and defined way. It took a

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