united states – Coach Outlet Online S Pick http://coachoutletonlinespick.org/ Tue, 15 Mar 2022 14:17:04 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://coachoutletonlinespick.org/wp-content/uploads/2021/09/coach-oultlet-online-s-pick-icon-150x150.jpg united states – Coach Outlet Online S Pick http://coachoutletonlinespick.org/ 32 32 How long will Ford suffer from inflation? Jefferies cuts stock price target https://coachoutletonlinespick.org/how-long-will-ford-suffer-from-inflation-jefferies-cuts-stock-price-target/ Tue, 15 Mar 2022 13:52:51 +0000 https://coachoutletonlinespick.org/how-long-will-ford-suffer-from-inflation-jefferies-cuts-stock-price-target/ Key points: Automaker investors could be in for a slippery year ahead Jefferies cut Ford’s price target from $20 to $18, citing a broader inflation thesis Operational production could fall by 15 to 30% at car manufacturers Inflation seems to be the only stability in a world of tumultuous uncertainty. As investors abandon high-growth tech […]]]>

Key points:

  • Automaker investors could be in for a slippery year ahead
  • Jefferies cut Ford’s price target from $20 to $18, citing a broader inflation thesis
  • Operational production could fall by 15 to 30% at car manufacturers

Inflation seems to be the only stability in a world of tumultuous uncertainty. As investors abandon high-growth tech stocks for more stable, low-risk alternatives, Covid variants are wreaking havoc on supply chain logistics and inflation continues to weigh on the industry in the sense large ; it is difficult to analyze the potential benefits.

This story is no more appropriate than for the automotive industry. We’ve seen many companies, from electric vehicles to ICEs, all reporting production issues due to inflationary pressure. Last month, Rivian reversed its decision to fight inflation by raising the selling price of its pre-order vehicles. Similarly, Tesla announced today that it will increase the cost of its vehicles due to inflation.

Also Read: The Best EV Stocks to Buy Right Now

Ford (NYSE: F) is arguably one of the companies best positioned to move forward. Embarking on a strong journey into electric vehicles while maintaining a pipeline of traditional vehicles, the Ford F-150 Lightning propelled Ford into the high end of the electric vehicle market, generating widespread interest across the United States . However, it’s time to look at Ford through an inflationary lens. Ford’s long-term status remains firm, but the company could well suffer over the next year, with potential production cuts, rising costs and supply constraints.

Jefferies analyst Philippe Houchois makes a similar sentiment, lowering Ford’s price target today to $18 from $20. The opportunity comes in the form of a general change for the company, taking into account the reality of a “stagflationary environment” based on rising input costs and supply problems that affect the entire Marlet. Houchois estimates that operating figures could drop by up to 30% for automakers; how will this affect Ford’s bold electric vehicle master plan?

CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You need to ask yourself if you understand how CFDs work and if you can afford to take the high risk of losing your money.

]]>
Fun map shows how New Yorkers view the rest of America [Photo] https://coachoutletonlinespick.org/fun-map-shows-how-new-yorkers-view-the-rest-of-america-photo/ Mon, 14 Mar 2022 13:46:14 +0000 https://coachoutletonlinespick.org/fun-map-shows-how-new-yorkers-view-the-rest-of-america-photo/ We New Yorkers are definitely one of a kind. From surviving brutally cold, snowy winters to America’s most populous city, we’re a different breed. Other Americans have their opinion of us and we definitely have our opinion. This hilarious map I found on Instagram shows how New Yorkers view the rest of the country and […]]]>

We New Yorkers are definitely one of a kind. From surviving brutally cold, snowy winters to America’s most populous city, we’re a different breed. Other Americans have their opinion of us and we definitely have our opinion. This hilarious map I found on Instagram shows how New Yorkers view the rest of the country and New York. Obviously, this map is based on how a resident of New York sees the United States, because even New York State is listed as “New York City”. As someone who lived in Florida for many years, it’s hysterical that the state is being labeled as “where they shot the cops”. Other highlights include seeing the state of Georgia as Atlanta and Texas as “the South.”

I think it’s fair that we poke fun at the rest of America a bit. There are a lot of stereotypes about New Yorkers. Here are some of the things the rest of the country thinks of us:

– New Yorkers are always in a hurry
– Upstate people are all country thugs
– Everyone in Buffalo LOVES the snow
– Everyone in New York is rude
– New Yorkers always wear Timberland boots and fitted baseball caps
– New Yorkers think they’re better than everyone else
– Everyone in New York lives in a shoebox and has 7 roommates

Off limits: These baby names are banned in New York State

Top 10 Consumer Complaints Filed in New York State in 2021

If you need to file a consumer complaint, you can do so with the Consumer Frauds and Protection Bureau online or by calling (800) 771-7755.

6 cold cases of missing students in New York State

]]>
Child tax credit expiration likely pushes 97,000 New Jersey children back into poverty https://coachoutletonlinespick.org/child-tax-credit-expiration-likely-pushes-97000-new-jersey-children-back-into-poverty/ Fri, 11 Mar 2022 15:13:00 +0000 https://coachoutletonlinespick.org/child-tax-credit-expiration-likely-pushes-97000-new-jersey-children-back-into-poverty/ Child tax credit expiration likely pushes 97,000 New Jersey children back into poverty For immediate release Contact: Louis Di Paolo (NJPP): 201-417-5049 (mobile) or dipaolo@njpp.org On the one-year anniversary of the US bailout taking effect, new state-level data released by the Economic Security Project highlights how nearly 100,000 New Jersey children were likely pushed into […]]]>

Child tax credit expiration likely pushes 97,000 New Jersey children back into poverty

For immediate release

Contact: Louis Di Paolo (NJPP): 201-417-5049 (mobile) or dipaolo@njpp.org

On the one-year anniversary of the US bailout taking effect, new state-level data released by the Economic Security Project highlights how nearly 100,000 New Jersey children were likely pushed into poverty when the expanded child tax credit expired.

One of the most successful programs of the US bailout, the expanded Child Tax Credit, has reduced child poverty in the United States and injected local economies with tens of billions of dollars in additional spending. during an unprecedented public health crisis.

When CTC checks started hitting bank accounts in 2021, the impact of credit on life was clear right away. In six weeks, food insufficiency had decreased by almost a third. Improvements have been significant among Black and Latino families, who experience the highest rates of food difficulties.

  • Amid a historic economic and public health crisis, CTC payments have defied gravity and lowered child poverty in New Jersey.
  • In New Jersey, 1,621,000 children received the expanded monthly child tax credit, an average of $418 per family.
  • CTC payments lifted nearly 4 million children out of poverty each month the payments were made. New Jersey is expected to see a sharp rise in the child poverty rate as the US bailout expires. As part of the expanded CTC, ARPA raised 97,000 children out of poverty in New Jersey, reducing poverty by 8 percent.
  • Monthly CTC payments have broader economic impacts, injecting millions of dollars into state economies that support family incomes, job growth and local businesses.
  • Unless Congress acts to restore the expanded child tax credit, New Jersey stands to lose $514,848,000 in additional economic activity each month.
  • Beyond poverty alleviation, monthly payments have helped families in other valuable ways, including:
  • Meet basic needs, stay housed and feed their children.
  • Reduce stress.
  • Rely less on payday loans.
  • Resume or stay at work.

The Child Tax Credit is one of the most successful anti-poverty programs in American history. Unless Congress acts to make it a permanent part of American life, New Jersey’s children risk losing access to life-changing benefits, and the whole country will drift away from working families who , now more than ever, deserve the help of the government . To learn more about how New Jersey lawmakers can enact a child tax credit at the state level, read NJPP’s February 2022 report, Making New Jersey More Affordable for Families: The Case for a State Child Tax Credit.

# # #

New Jersey Policy Perspective (NJPP) is a nonpartisan think tank that promotes policy change to advance economic, social, and racial justice through independent, evidence-based research, analysis, and advocacy.

(Visited 66 times, 11 visits today)

]]>
Miners in Australia and South Africa mull options as Europe makes desperate pleas By Reuters https://coachoutletonlinespick.org/miners-in-australia-and-south-africa-mull-options-as-europe-makes-desperate-pleas-by-reuters/ Wed, 09 Mar 2022 21:15:00 +0000 https://coachoutletonlinespick.org/miners-in-australia-and-south-africa-mull-options-as-europe-makes-desperate-pleas-by-reuters/ © Reuters. FILE PHOTO: A worker drives a vehicle at Zimplats’ Ngwarati mine in Mhondoro-Ngezi May 30, 2014. REUTERS/Philimon Bulawayo/File Photo By Helen Reid and Praveen Menon (Reuters) – Australian and South African miners are exploring ways to supply coal and metals consumers in Europe seeking alternative sources to Russian supplies, but logistical and cost […]]]>

© Reuters. FILE PHOTO: A worker drives a vehicle at Zimplats’ Ngwarati mine in Mhondoro-Ngezi May 30, 2014. REUTERS/Philimon Bulawayo/File Photo

By Helen Reid and Praveen Menon

(Reuters) – Australian and South African miners are exploring ways to supply coal and metals consumers in Europe seeking alternative sources to Russian supplies, but logistical and cost constraints make it difficult to scale up rapid production, the companies said.

Prices for palladium, coal and other raw materials have soared since Russia invaded Ukraine on Feb. 24, as sanctions on Moscow push Western consumers to replace Russian supplies.

Customers are approaching suppliers with whom they have no existing relationship, desperate to secure products, major producers said. Miners typically use long-term contracts, which makes oversupply rare.

Palladium, used by automakers in engine exhaust to reduce emissions, hit a record high on Monday before falling back. Russia accounts for 25-30% of the world’s palladium supply.

South Africa’s Sibanye-Stillwater, the world’s largest primary platinum producer, said some customers had asked about its ability to produce more platinum group metals (PGMs), but it was very little flexibility to increase production in “any material way” in the short term. medium term.

“It is possible to accelerate projects but (…) it is not a magic bullet and it will usually take months or even years before the benefits are apparent,” Sibanye said in response to the comments. questions from Reuters.

Automakers, which use palladium in engine exhaust to reduce emissions, will begin replacing palladium with platinum if palladium prices remain high, Sibanye CEO Neal Froneman said last week.

The automotive industry is expected to account for 42% of overall platinum demand this year, up from 37% in 2021, according to forecasts by the World Platinum Investment Council on Wednesday.

Platinum prices also rose on Russian supply uncertainty, but more subdued as platinum is expected to remain oversupplied this year.

South Africa’s Impala Platinum (OTC:), the world’s third-largest producer of palladium, also said it had limited capacity to fill the gap left by Russian palladium supplies. Russia’s Norilsk Nickel alone produces around 38% of the world’s palladium and 11% of the world’s platinum, Sibanye said.

As miners profit from rising metal prices, Sibanye’s Froneman warned that supply chain disruptions could have a destructive impact on downstream demand.

More expensive metals are also a headache for automakers hoping to make electric vehicles more affordable.

AVOID RUSSIAN COAL

European companies, which depend on Russia for 70% of their coal supplies, are also turning to Australian miners for fuel supplies.

“Because of the conflict, we are responding to Europe’s demands for security of coal supply,” said Gerhard Ziems, chief financial officer of Coronado Group, one of the world’s largest producers of metallurgical coal, used in the steel industry.

Coronado will increase production to around 18-19 million tonnes (Mt) in 2022 from 17.4 Mt last year, he said. Ziems estimated that Russia exports about 45 million metric tons of met coal per year.

“In circumstances where the international community avoids Russian coal, supply shortages must come from elsewhere, including established markets such as Australia and the United States in which Coronado operates,” he said. declared.

Australia’s leading independent producers, Whitehaven Coal and New Hope (OTC:) Group, said they had been approached to supply countries, including Poland, that traditionally depended on Russian coal, and the latter said it was looking for ways to to supply the European market. .

“We have a mix of contract and spot sales, which allows us to take advantage of tactical opportunities in the market,” a Whitehaven spokeswoman told Reuters.

The Australian government said last week it would help its Western coal-importing allies find alternatives to Russia for supplies by connecting them with local producers.

Glyn Lawcock, head of mining research at Barrenjoey, said that while the idea sounded simple, the execution was not, as Australian miners were already in full swing.

“It’s not like people have volumes to distribute. Ukraine/Russia produces high quality pellets for the markets…there’s no one dealing with surpluses,” said Lawcock.

In a sign of market stress, coal prices for loading at Newcastle – the world’s largest coal port on Australia’s east coast – soared to a record $440 a tonne last Wednesday, a five-fold jump from compared to a year ago.

Australian Resources Minister Keith Pitt said this was an opportunity for Australian miners and called for the expansion of coal mining in the country as it could help desperate European nations wean themselves off the Russian coal.

]]>
Can AMC stock comeback extend beyond $20? https://coachoutletonlinespick.org/can-amc-stock-comeback-extend-beyond-20/ Tue, 08 Mar 2022 20:08:08 +0000 https://coachoutletonlinespick.org/can-amc-stock-comeback-extend-beyond-20/ AMC stock rose slightly on Tuesday amid renewed optimism on the Russian-Ukrainian front. AMC Entertainment had hoped for a rebound on the back of a strong Batman box office. Shares of the movie giant are expected to rebound on Tuesday as yields at risk. Update: AMC Holdings is trading at $15.66, up 2.96% in the […]]]>
  • AMC stock rose slightly on Tuesday amid renewed optimism on the Russian-Ukrainian front.
  • AMC Entertainment had hoped for a rebound on the back of a strong Batman box office.
  • Shares of the movie giant are expected to rebound on Tuesday as yields at risk.

Update: AMC Holdings is trading at $15.66, up 2.96% in the last hour of trading, as Wall Street managed to turn green following some bullish headlines from the Russian-Ukrainian front . Humanitarian corridors were opened on Tuesday for cities such as Sumy and Mariupol. Also, Russia announced another corridor for Wednesday, which will allow the evacuation of Kiev, Kharkiv and other cities. But the headline that spurred the latest surge in risk appetite came from Ukraine, as the country declared it would no longer seek NATO membership.

It’s hard to predict how things will continue from now on, because if war-related worries eased further, attention would shift back to rising inflationary pressures and central bank responses to them. The United States will release February inflation figures next Thursday, and the annual figure is expected to have hit 7.8%, a multi-decade high. Meanwhile, falling demand for security has pushed government bond yields higher, with that of the 10-year US Treasury note currently at 1.87%, up twelve basis points in the daytime.

Previous Update: Holy Purse, Batman! AMC Holdings stock fell short of its third-best opening weekend since the start of the COVID-19 pandemic. Shares of the popular cinema chain fell 5.5% in the first half hour of trading on Tuesday, but recovered to -0.5% after an hour of trading. AMC stock is trading at nearly $15 per share. Again, the Nasdaq is having another bad session and is down 0.8% right now after Monday’s 3% drop. Over four million tickets were sold last weekend for AMC’s latest hit The Batman. The Caped Crusader movie grossed some $258 million from Thursday to Sunday. In the United States, AMC said it achieved an above-normal market share of 29% over the weekend.

AMC stock gave up some premarket gains as the market declines. Previously, European markets had been strong thanks to a joint debt issuance proposal, but now things are turning bearish again. AMC CEO Adam Aron said Monday night that using cryptocurrency is good for AMC Entertainment and that the company may consider launching its own crypto in the future if things go well. . He also said that they would stay very far on the right side of the law when it comes to crypto regulation. AMC shares are now trading at $14.96 for a loss of 1.7%. Previously, AMC shares were up more than 1% in Tuesday’s premarket.

AMC stock fell sharply on Monday as investors continued to exit high-risk names as oil soared and commodity prices remained in orbit. The outlook for the global economy has deteriorated significantly and high-growth stocks such as AMC have taken a disproportionate hit. In the current environment, any highly leveraged security will take a bigger hit as interest rates are expected to rise, but growth is expected to slow. A US recession is approaching as the US yield curve is dangerously close to turning negative.

See Wake Up Wall Street for everything you need to know before the stock market opens.

AMC Stocks News

Investors, AMC traders – or monkeys as they like to be called – started Monday in high spirits as weekend box office numbers for Batman proved encouraging. However, AMC traders couldn’t stem the global bearish tide, and the stock was well beaten at the end of Monday. AMC stock closed at $15.21 for a loss of 8.2%. But Tuesday brings slightly more encouraging signs with slightly more optimistic tones of Russian demands on Ukraine, which has allowed risk assets to recover some ground. We would again expect a disproportionate rebound this time for AMC, and the stock should see a healthy gain at the open on Tuesday. We doubt this will hold for much longer than a few days as the overall sentiment remains bearish.

AMC Stock Forecast

AMC is bearish below $21.04 and is likely to remain in a long-term downtrend. The goal is to get back below $10. $14.54 is the next key support. A breakout will likely cause AMC stock to accelerate lower.

AMC stock price chart

AMC stock chart, daily

Tuesday should see a recovery in risk sentiment. We are already noticing that safe-haven buying of bonds and dollars has faded and everything has weakened on Tuesday. This should see higher risk assets. The first step is to hold $14.54. This prepares the day for a green day. $16.62 is the next level to target for AMC and finds resistance against Friday’s volume profile. Once above $17.20, volume eases, meaning a breakout to the $18 test is possible. $18.20 is strong resistance and will be hard to break.

AMC stock chart bearish trend

AMC 15 minute chart

Previous update: AMC stock gave up some premarket gains as the market declines. Previously, European markets had been strong thanks to a joint debt issuance proposal, but now things are turning bearish again. AMC CEO Adam Aron said Monday night that using cryptocurrency is good for AMC Entertainment and that the company may consider launching its own crypto in the future if things go well. . He also said that they would stay very far on the right side of the law when it comes to crypto regulation. AMC shares are now trading at $14.96 for a loss of 1.7%. Previously, AMC shares rose more than 1% in Tuesday’s premarket.

]]>
Most women who were denied abortions by Texas law got them some other way https://coachoutletonlinespick.org/most-women-who-were-denied-abortions-by-texas-law-got-them-some-other-way/ Mon, 07 Mar 2022 00:08:56 +0000 https://coachoutletonlinespick.org/most-women-who-were-denied-abortions-by-texas-law-got-them-some-other-way/ In the months since Texas banned all but the first abortions in September, the number of legal abortions in the state fell by about half. But two new studies suggest that the total number of Texan women has fallen by far – about 10% – due to the sharp increase in the number of Texans […]]]>

In the months since Texas banned all but the first abortions in September, the number of legal abortions in the state fell by about half. But two new studies suggest that the total number of Texan women has fallen by far – about 10% – due to the sharp increase in the number of Texans who visited a clinic in a neighboring state or ordered abortion pills in line.

Two groups of researchers from the University of Texas at Austin counted the number of women using these alternative options. They found that while Texas law – which prohibits abortion after detection of fetal heart activity, about six weeks – reduced the number of abortions, it did so much more modestly than previous measures. didn’t suggest it.

Combined, the data indicates what could happen to abortion access if the Supreme Court decides to overturn Roe v. Wade when she rules on another abortion law this summer. The data show the limits of laws restricting abortion. Yet it also shows how the restrictions erect significant barriers, which will push some women to carry unwanted pregnancies to term.

“The law has done nothing to change people’s needs for abortion care; it’s moved to where people are getting abortions,” said Kari White, principal investigator of the university’s Texas Policy Evaluation Project and principal investigator of the new out-of-state abortion study. She said she was surprised at the low number of abortions prevented by such a sweeping set of restrictions: “The numbers are much larger than we expected. It’s quite amazing.

But for the architects of Texas law, even a modest reduction in abortions is a success.

“There is no hesitation on our part to declare this a victory for protecting unborn children from elective abortion,” said John Seago, legislative director of Texas Right to Life, who participated in the creation of the law. “We are realistic here, so the best we can do is to encourage women to have their children.”

Governor Greg Abbott, a Republican who said the bill “ensures that the life of every unborn child who has a heartbeat will be saved from the ravages of abortion” when he signed it, declined to comment on the new numbers.

As state legislatures await a Supreme Court ruling and take stock of the Texas experience this year, several have passed new abortion restrictions, even though they conflict with Roe. On Thursday evening, the Florida legislature voted to ban most abortions after 15 weeks. somewhere between 21 and 26 states are expected to ban or severely restrict abortion if the Supreme Court allows it. On Monday, an effort by Senate Democrats to codify abortion rights into federal law failed to draw enough votes.

Every month between September 2021, when the Texas law takes effect, and the end of the year, an average of 1,400 women traveled to one of the seven neighboring states, according to one of the new studies, published on Sunday. That was 12 times the number of abortions sought out of state before the law.

The study included seven neighboring states: New Mexico, Oklahoma, Louisiana, Arkansas, Kansas, Mississippi and Colorado. Nearly half of the Texans who traveled went to Oklahoma and a quarter to New Mexico. He counted Texans who visited 34 of the 44 clinics, so the total was likely higher.

An average of 1,100 of women ordered abortion pills online each month from Aid Access, a foreign service that mails pills while circumventing US abortion restrictions, connecting women with European doctors and Indian pharmacies. That’s more than triple the number of people who ordered pills in an average month before the law, according to the second study, published last week in JAMA Network Open.

Before, there were an average of 11 requests per day. Immediately thereafter, that number spiked to 138 requests per day and stabilized at around 30. The study could not determine whether all drug requests resulted in abortions.

“The law is semi-effective; it won’t stop all abortions,” said study author Abigail RA Aiken, who teaches public affairs and directs a research group studies self-directed abortion at the University of Texas at Austin.

According to various researches, those who have not been able to have an abortion are more likely to be poor. It is expensive to travel to another state and pay for transportation, childcare and accommodation on top of the procedure.

The new data covers the most common alternative methods at state clinics, but does not include all Texans who have had abortions. An unknown number of women most likely used other means, such as ordering pills from online pharmacies that did not publish their sales figures; crossing the border into Mexico to buy over-the-counter pills; travel to other states to have an abortion; or the use of herbs or other methods to self-manage abortions.

If Roe is overturned, the same patterns may not apply nationwide, as abortion access would be even more difficult than it has been for Texans.

Recent research has shown that abortion pills outside of formal health care settings are accessible, reliable and effective – and that information about accessing help is increasingly shared online. But some women don’t know it’s an option. “This is the question that has been on my mind for 10 years: how do you reach those who can’t find you?” said Rebecca Gomperts, the doctor who runs Aid Access.

Also, it is technically illegal to sell prescription drugs to American patients in another country without a prescription from a licensed physician in the United States. However, the application is difficult, even if Texas and some other states have explicitly restricted medical abortion.

Without Roe, clinics would close across large swaths of the South and Midwest. The closures would increase average driving distances to the nearest clinic to around 280 miles, compared to 35 miles, for women in states that don’t have one, according to a study by Caitlin Knowles Myers, an economist at Middlebury College. , and his colleagues.

Research on past abortion laws has shown that longer distances tend to reduce abortions, as travel challenges increase. Groups providing financial and logistical support to women in Texas said donations dwindled after a jolt when the law took effect.

The groups added that they would not have enough resources to help women in so many states. The remaining clinics would likely be overwhelmed with patients. Trust Women, which owns an abortion clinic in Oklahoma, sees 10 times more Texans there than before. This causes a ripple effect. Many Oklahomans cannot get local care and must seek it elsewhere, said Rebecca Tong, executive director of the clinics.

Clinics have tried to expand to keep up with demand, but especially in Oklahoma, where abortion would be banned if Roe were canceled, it’s hard to recruit doctors, she said: “Some would leave a full-time job with benefits, and for what?”

At Hope Medical in Shreveport, Louisiana, two-thirds of patients now come from Texas, up from one-fifth before the Texas law took effect. The clinic used to perform the majority of abortions before nine weeks, but now most patients are in their late first or early second trimester due to longer wait times for appointments.

“What ultimately happens is because we’re so busy and can’t work any faster, we’re seeing women whose pregnancies were further along,” said clinic administrator Kathaleen Pittman. “It doesn’t just happen to women in Texas, it also happens to women in Louisiana because they have to wait too.”

Still, clinics are bracing for an even bigger increase if Roe is overthrown, planning to expand capacity if abortion remains legal in their state — or, if not, to open across state lines where it is legal; offer more advice through telemedicine; or offer pre-abortion care.

Kristina Tocce, medical director of Planned Parenthood of the Rocky Mountains, said the influx of Texas patients gave a glimpse of a possible future, in which Colorado, which should keep abortion fully legal, could become a center post-Roe abortion. .

“What will happen when this happens to more and more states? ” she says. “I don’t know, but we can’t absorb 26 dark states.”


Note: Our calculated decline in the total number of abortions compares recent numbers to a baseline of abortion numbers prior to the legal change. For legal abortions in the state and requests for abortion pills, we compared the period from March to July in 2021 with the period from September to December in 2021.

For out-of-state abortions, we compared March through July in 2021 with a monthly average for 2019. (Figures from early 2021 were not available.)

Because the number of abortions in Texas increased in August 2021, in anticipation of the new restrictions, we did not include this figure when compiling historical numbers.

]]>
Stocks in Germany, UK, France, Italy and Spain plunge below year 2000 levels: Horror shows to buy and hold https://coachoutletonlinespick.org/stocks-in-germany-uk-france-italy-and-spain-plunge-below-year-2000-levels-horror-shows-to-buy-and-hold/ Sun, 06 Mar 2022 17:37:30 +0000 https://coachoutletonlinespick.org/stocks-in-germany-uk-france-italy-and-spain-plunge-below-year-2000-levels-horror-shows-to-buy-and-hold/ Food for thought in light of the biggest stock market bubble in the United States. By Wolf Richter for WOLF STREET. Major European stock indices have plunged below their bubble highs of more than two decades ago. That don’t mean they dived this a lot this week, but that they had finally surpassed their previous […]]]>

Food for thought in light of the biggest stock market bubble in the United States.

By Wolf Richter for WOLF STREET.

Major European stock indices have plunged below their bubble highs of more than two decades ago. That don’t mean they dived this a lot this week, but that they had finally surpassed their previous bubble highs of more than two decades ago, fueled by money printing, and then they plunged.

German stocks. The most quoted German stock index, the DAX, is a total return index that includes dividends and is therefore not comparable to a price index such as the S&P 500 index, which does not include dividends. But the less often cited DAX Kursindex (DAXK) is a price index and does not include dividends, and is comparable to the S&P 500 Index and most other major equity indices. So that’s what we’re going to use here.

The DAXK plunged 4.4% on Friday, and 10.1% for the week, to 5,517. Since the all-time closing high of 6,873 on January 5, 2021, it has plunged 19.7%. But wait… that all-time closing high was only up 10% from the March 2000 bubble peak – yes, that bubble that imploded 22 years ago. And on Friday, the index closed 11% below the peak of the March 2000 bubble. Note the gigantic volatility that investors have gone through over these 22 years to find themselves below where they started.

UK stocks. Britain’s FTSE 100 price index fell 3.5% on Friday and 6.7% for the week to 6,987. The index is now down 10% from its all-time high in May 2018 But wait… Friday’s close is slightly down from the December 31, 1999 close, which was the bubble high 22 years ago, and now the index is back:

French stocks. The CAC 40 price index plunged 5.0% on Friday and 10.2% for the week, to 6,062, and is down 18% from its all-time high in January 2021. But wait …yes, the index has now fallen 12% below its bubble high in September 2000. And note the horrible volatility investors have had to endure to get nowhere:

Spanish stocks. Spain’s IBEX 35 index fell 3.6% on Friday and 9.0% for the week to 7,721, and yes, for buyers and holders, this stock market has been a total 25-year nightmare. On Friday, stocks fell to the lower end of the 25-year range, to a level already seen in 1998. The index is now down 52% from its peak in December 2007:

Italian stocks. Italy’s FTSE MIB index plunged 6.2% on Friday and 12.8% for the week. This horror show is now down 55% from the March 2000 peak, and back to where it was in the 1990s – as my data only goes back to December 1997, and even then, l he index was even higher than today. Another great market for buyers and holders to eliminate:

There are a bunch of other stock indices around the world, including big indices like the Japanese Nikkei 225 and China’s Shanghai Stock Exchange, which are now below their bubble levels from a very long time ago. many years.

This shows that for many major stock markets around the world, buy and hold only works if you buy low and hold until prices are high, then sell before they dip again. So basic market timing. Otherwise, you could be screwed for decades, or possibly the rest of your life – the Nikkei is still down 33% from that 1989 bubble peak. Once those mega-bubbles implode, the stock markets may not see their old highs for decades. Food for thought.

Do you like to read WOLF STREET and want to support it? You use ad blockers – I completely understand why – but you want to support the site? You can donate. I greatly appreciate it. Click on the mug of beer and iced tea to find out how:

Would you like to be notified by e-mail when WOLF STREET publishes a new article? Register here.

This stock market is coming stock by stock. The chaos that totally crushed one stock after another for a year bursts to the surface

]]>
Asian stocks rise after Fed chair backs lower rate hike | Nation and business https://coachoutletonlinespick.org/asian-stocks-rise-after-fed-chair-backs-lower-rate-hike-nation-and-business/ Thu, 03 Mar 2022 03:49:52 +0000 https://coachoutletonlinespick.org/asian-stocks-rise-after-fed-chair-backs-lower-rate-hike-nation-and-business/ BEIJING (AP) — Asian stock markets rebounded on Thursday and oil prices rose after the head of the Federal Reserve said he supported a lower interest rate hike than some had expected. Shanghai, Tokyo, Hong Kong and Sydney advanced even as Russian forces whose attack on Ukraine rocked financial markets bombarded the country’s second-largest city […]]]>

BEIJING (AP) — Asian stock markets rebounded on Thursday and oil prices rose after the head of the Federal Reserve said he supported a lower interest rate hike than some had expected.

Shanghai, Tokyo, Hong Kong and Sydney advanced even as Russian forces whose attack on Ukraine rocked financial markets bombarded the country’s second-largest city and besieged two ports.

Wall Street’s benchmark S&P 500 rose 1.9% on Wednesday, recouping this week’s losses after Fed Chairman Jerome Powell said the US central bank was poised to hike its rate director for the first time since 2018. He said he supported a traditional rate hike of 0.25 percentage points instead of the larger hike recommended by some policymakers.

Powell said the impact on the US economy of Russia’s attack is “highly uncertain.”

“Markets reacted positively to the remarks, which is a questionable interpretation of Powell’s nuanced comments,” ING economists said in a report. “Volatility is key here, and uncertainty. That’s not going away anytime soon.”

The Nikkei 225 in Tokyo rose 0.8% to 26,608.21 and the Hang Seng in Hong Kong gained 0.6% to 22,469.66. The Shanghai Composite Index rose 0.1% to 3,487.78.

Seoul’s Kospi gained 1.6% to 2,745.45 and Sydney’s S&P-ASX 200 rose 0.8% to 7,171.10. New Zealand and Southeast Asian markets also grew.

Stock prices have fluctuated wildly as investors try to figure out how the Russian attack will affect supplies of oil, wheat and other raw materials and the global recovery from the coronavirus pandemic.

Traders were already worried about plans by the Fed and other central banks to fight inflation by withdrawing ultra-low interest rates that have boosted stock markets.

The S&P 500 rose to 4,386.54. The Dow Jones Industrial Average gained 1.8% to 33,891.35. The Nasdaq composite advanced 1.6% to 13,752.02.

Over 90% of S&P 500 stocks rose. Technology, finance and healthcare companies accounted for a large share of the rally. Energy stocks also helped push the index higher due to higher oil prices.

Ford Motor Co. jumped 8.4% after announcing it was accelerating its transformation into an electric vehicle company and separating its electric vehicle and internal combustion businesses.

The yield on the 10-year Treasury bond, or the difference between its market price and the payment at maturity, rose to 1.89% from 1.72% on Tuesday. However, yields were still lower than they were before the Russian invasion.

In energy markets, benchmark U.S. crude rose another $2.68 to $113.28 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the price base for international oils, added $3.61 to $116.54 a barrel in London.

Both gains were lower than Wednesday’s surge of over $7 a barrel, but still unusually wide margins for a daily change.

Leaders of OPEC and other major oil exporters decided on Wednesday to stick to plans for a gradual increase in production. The coalition, made up of OPEC members led by Saudi Arabia and non-cartel members led by Russia, opted to increase production by 400,000 barrels per day in April.

Also this week, the United States and other major oil consumers at the International Energy Agency agreed to release 60 million barrels of strategic reserves to boost supply. But this had little impact on market prices.

In currency markets, the Russian ruble gained 3.4% against the US dollar, but was still near a record low of less than 1 cent. It has fallen nearly 25% since the attack after Western governments imposed sanctions that cut off much of Russia’s access to the global financial system.

The dollar gained 115.63 yen from 115.58 yen on Wednesday. The euro fell to $1.1097 from $1.1126.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

]]>
AP FACT CHECK: Biden’s State of the Union disabled on guns and electric vehicles https://coachoutletonlinespick.org/ap-fact-check-bidens-state-of-the-union-disabled-on-guns-and-electric-vehicles/ Wed, 02 Mar 2022 05:11:06 +0000 https://coachoutletonlinespick.org/ap-fact-check-bidens-state-of-the-union-disabled-on-guns-and-electric-vehicles/ WASHINGTON (AP) — President Joe Biden recounted a flawed Democratic talking point on guns in his first State of the Union address, made his electric vehicle plan more advanced than he expected. is and has inflated the scope of its infrastructure set. On several fronts, he presented ambitions as achievements. A look at some of […]]]>

WASHINGTON (AP) — President Joe Biden recounted a flawed Democratic talking point on guns in his first State of the Union address, made his electric vehicle plan more advanced than he expected. is and has inflated the scope of its infrastructure set. On several fronts, he presented ambitions as achievements.

A look at some of his claims Tuesday night and a look at the Republican response:

COVID-19[female[feminine

BIDEN: “Severe cases have fallen to a level not seen since July of last year.”

THE FACTS: Biden overstated the improvement, omitting a statistic that remains a worrying marker of the COVID-19 toll.

While hospitalizations are indeed down from last summer, deaths remain high. The Centers for Disease Control and Prevention’s COVID tracker shows 289 deaths on July 1, 2021. As of Monday, the CDC tracker reported 1,985 deaths.

___

SHOTGUNS

BIDEN, calling on Congress to pass measures it believes would reduce gun violence: “Repeal the liability shield that makes gun manufacturers the only industry in America that cannot be sued, the only one. “

THE FACTS: This is false. Although gun manufacturers enjoy legal protection against liability for injuries caused by the criminal misuse of their guns through the Protection of the Lawful Arms Trade Act 2005, they do not are neither exempt nor immune. to be prosecuted.

The law provides exceptions in which manufacturers or dealers can be held liable for damage caused by their guns, such as defects or damage in the design of the gun, negligence, or breach of contract or warranty regarding the gun. buying a gun.

Families of victims of the Sandy Hook Elementary School shooting in Newtown, Connecticut, sued gun maker Remington, alleging ‘unlawful dealing’ in firearms, and agreed to a settlement last month of $73 million.

___

ECONOMY

BIDEN, promoting its $1 trillion infrastructure bill: “We are done talking about infrastructure weeks. We are now talking about a decade of infrastructure. … We will build a national network of 500,000 electric vehicle charging stations.

THE FACTS: Not so fast.

Bipartisan legislation approved by Congress ended up providing only half of the $15 billion Biden had envisioned to fulfill a campaign promise of 500,000 charging stations by 2030.

Biden’s Build Back Better proposal aimed to fill the void by adding billions to pay for charging stations. But Sen. Joe Manchin, DW.Va., in December declared that bill dead in its current form due to cost.

Administration officials now say the infrastructure law will help “pave the way” for up to 500,000 charging points by 2030. That’s different from charging stations, which could have multiple charging points. sale. They say private investment could help fill the void. There are currently over 100,000 electric vehicle outlets in the United States

The Department of Transportation’s plan calls for states to build a nationwide network of electric vehicle charging stations that would place new or upgraded ones every 50 miles along interstate highways. The $5 billion in federal money over five years relies on the cooperation of sprawling rural communities in the United States, which are less likely to own electric vehicles due to their generally higher price.

States are expected to begin construction as early as the fall.

___

BIDEN, on Intel’s plans for new factories in central Ohio: “Up to eight state-of-the-art factories in one location, 10,000 new jobs.”

THE FACTS: His statement is premature. That many factories are not imminent and may or may not be built.

Earlier this year, Intel announced the opening of two factories that are expected to employ 3,000 people. The other 7,000 jobs that the project should create are temporary jobs in the construction sector. It also plans a chip foundry business that manufactures chips designed by other companies. Construction is expected to begin this year.

Intel has floated the possibility of building up to six more factories over the next decade, which could bring the total number of factory workers to 10,000. But that’s just a prospect, years from now. .

___

BIDEN: “The pandemic has also disrupted the global supply chain… Look at the cars last year. A third of all inflation was due to automobile sales. There weren’t enough semiconductors to make all the cars people wanted to buy. And guess what? Automobile prices have skyrocketed…so we have a choice. One way to fight inflation is to drive down wages and make Americans poorer. I think I have a better idea for fighting inflation. Reduce your costs, not your salaries. People, that means making more cars and semiconductors in America. More infrastructure and innovation in America. More goods moving faster and cheaper in America… Instead of relying on foreign supply chains, let’s do it in America.

THE FACTS: It is dubious to suggest that more domestic manufacturing means less inflation.

Manufactured goods made overseas, especially in countries like China or Mexico where wages are lower, are generally less expensive than goods made in the United States.

Biden is also overemphasizing supply chain disruptions from abroad as a factor in the worst inflation in four decades. While these issues have indeed been a major factor in driving up costs, inflation is increasingly showing up in other areas, such as rent and restaurant meals, which reflect the rapidly growing economy. and wages over the past year and not a global supply bottleneck. These trends should continue to push prices higher even as supply chains recover.

___

INFRASTRUCTURE LAW

BIDEN on infrastructure bill: ‘The biggest investment in history was a bipartisan effort.’

THE FACTS: No, it wasn’t that historic.

Biden’s infrastructure bill was large, adding $550 billion in new spending for roads, bridges and high-speed internet over five years. But measured as a proportion of the US economy, it’s slightly lower than the 1.36% of the nation’s gross domestic product that was spent on infrastructure, on average, during the first four years of the New Deal, according to an analysis by the Brookings Institution.. It is even lower than the roughly 2% spent on infrastructure in the late 1970s and early 1980s.

___

REPUBLICAN RESPONSE

GOVERNMENT OF IOWA. KIM REYNOLDS, criticizing the Biden administration’s handling of immigration and bragging about Republican governors’ attention to the issue: “We actually went to the border – something that our president and our vice president don’t haven’t done since taking office.

THE FACTS: This is not true. Vice President Kamala Harris visited the border last year. Biden is not gone yet.

Harris visited a Customs and Border Protection processing center in El Paso, Texas, and met migrant children there. She also stopped at a reception center at the border and had a chat with local community organizations.

The half-day trip in June came after months of criticism from Republicans and some members of his own party over his and Biden’s absence from the border at a time when immigration officials have recorded a record number of encounters with migrants attempting to cross into the United States.

___

Associated Press writers Ricardo Alonso-Zaldivar and Amanda Seitz in Washington, David Klepper in Providence, Rhode Island, John Seewer in Toledo, Ohio, and Karena Phan in New York contributed to this report.

___

EDITOR’S NOTE — A look at the veracity of politicians’ claims.

___

Find AP Fact Checks at http://apnews.com/APFactCheck

Follow @APFactCheck on Twitter: https://twitter.com/APFactCheck

]]>
Equinor and Daimler Truck sever relations with Russia as Volvo halts car deliveries https://coachoutletonlinespick.org/equinor-and-daimler-truck-sever-relations-with-russia-as-volvo-halts-car-deliveries/ Mon, 28 Feb 2022 13:44:55 +0000 https://coachoutletonlinespick.org/equinor-and-daimler-truck-sever-relations-with-russia-as-volvo-halts-car-deliveries/ Norwegian oil group Equinor and German Daimler Truck are ending partnerships with Russian firms while Volvo said it was halting car deliveries to the country as the trade fallout from the Ukraine invasion wears off propagate. The announcements come as multinational groups operating in Russia grapple with the reputational impact of their association with the […]]]>

Norwegian oil group Equinor and German Daimler Truck are ending partnerships with Russian firms while Volvo said it was halting car deliveries to the country as the trade fallout from the Ukraine invasion wears off propagate.

The announcements come as multinational groups operating in Russia grapple with the reputational impact of their association with the country as well as potential exposure to Western sanctions designed to inflict severe economic hardship.

Renault also said on Monday it was suspending operations at one of its Russian factories for a week as the automaker grapples with a supply chain disruption.

A day earlier, BP said it was selling its nearly 20% stake in Rosneft after chairman Helge Lund called Russia’s invasion of Ukraine “an act of aggression that has tragic consequences across the region. “.

Equinor said it was “coming out” of joint ventures in Russia that include a strategic partnership with state oil group Rosneft encompassing projects across Siberia.

Anders Opedal, Managing Director of Equinor, said: “In the current situation, we consider our position to be untenable. We will now stop new investments in our Russian business and we will begin the process of exiting our joint ventures in a way that is consistent with our values.

He said Equinor, which is two-thirds owned by the Norwegian government, was “deeply disturbed” by Russia’s invasion of Ukraine.

Daimler Truck, the world’s largest truckmaker, said it had taken the decision to “immediately suspend all our business activities in Russia” even though its contract with local automaker Kamaz limits cooperation to the manufacture of civilian vehicles. On the other hand, Kamaz, which was created under the Soviet Union, manufactures utility vehicles for the Russian armed forces.

Volvo Cars specifically cited the impact of financial sanctions from the West saying it “will not deliver any cars to the Russian market until further notice”. The decision is due to “potential risks associated with trading materials with Russia, including sanctions imposed by the EU and the United States.”

Truck maker Volvo, which is independent of the automaker, has also halted production at its sole plant in Russia and sales in the country until further notice, the group said on Monday, citing the risk of sanctions.

Following warnings from other automakers that they may struggle to transport components to and from Russia, Renault said it has temporarily closed its Moscow plant, which produces models such as the Renault Captur and its Arkana SUVs, due to supply chain issues.

Another factory of the French group operated by its Russian company Avtovaz also halted production on Monday, but that was due to shortages of semiconductors, a spokesman said. Manufacturing was to resume there on Tuesday.

Russia is the Renault group’s second-largest market by sales volume, while Avtovaz accounted for around 7% of its overall revenue last year.

Equinor said it plans to take business-related writedowns. The company has had a presence in Russia for more than 30 years and expanded its partnership with Rosneft in 2020, paying $550 million to acquire a 49% stake in a dozen exploration and production licenses in Eastern Siberia.

Equinor’s current production in Russia is modest at just 25,000 barrels of oil equivalent per day compared to a total of around 2 million barrels per day for its group. It has 70 employees in Russia.

The Norwegian government on Sunday ordered its $1.3 billion oil fund, the world’s largest sovereign wealth fund, to drop its $3 billion in Russian investments.

Daimler Truck’s decision is unlikely to have a big impact on its profits, as the truck maker only sells a few thousand units in Russia each year.

Mercedes-Benz AG, which in its previous form of Daimler AG was the parent company of Daimler Truck, said it was also considering selling a 15% stake in Kamaz.

]]>