Above Photo: Colin Ziemer / AP. Share buybacks hit a record high in 2021, enriching investors and executives at the expense of the working class. The coronavirus pandemic continued to wreak havoc in 2021, with the Omicron and Delta variants, supply chain disruptions, and inflation battering the global working class. In the United States, companies continued to put profits before worker well-being while the Biden administration refused to provide relief like continuing the child tax credit. Amid much bad news for workers last year emerged a key victor: wealthy shareholders. Share buybacks hit a record high last year. Companies in the S&P 500 — a […]
Share
21 posts
https://cdn1.img.sputniknews.com/img/07e4/0a/06/1080680612_0:266:3165:2047_1200x675_80_0_0_6592a9ff7d3624ac49c4d118b8c8448f.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/world/202010131080755172-rdif-ready-to-share-sputnik-v-data-with-us-fauci-to-dispel-doubts-about-vaccine-safety/ MOSCOW (Sputnik) – Russia is ready to share with Anthony Fauci, Director of US National Institute of Allergy and Infectious Diseases all necessary information about Sputnik V coronavirus vaccine to dispel his concerns about its safety, Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev said in an interview with the CNN published on Tuesday. “If he calls us, we will be happy to explain to him everything about it, and I think it is best for him to study it, to understand how it works,” Dmitriev said, commenting on Fauci’s recent statement raising “serious doubts” […]
Russian gas producer Novatek has announced plans to ship 80 percent of the liquefied natural gas (LNG) from its Arctic LNG 2 plant to Asian markets via the Northern Sea Route. According to the head of Novatek Leonid Mikhelson, “The plant’s three liquefaction lines with a total capacity of 19.8 million tons of LNG will be launched starting in 2023.” LNG supplies to Asia will become possible due to the year-round navigation of ships along the Northern Sea Route (NSR), he told participants of the LNG Producer – Consumer Conference in a video message. Mikhelson added that after the commissioning of […]
Four years ago, when the Seychelles-based cryptocurrency exchange BitMEX announced a new product called the “perpetual bitcoin leveraged swap,” few traders in nascent digital-asset markets could have anticipated what a major impact the obscure roll-out would have on the industry. But the instrument, which made it easy for customers to trade the equivalent of $100 of bitcoin for every $1 down, proved hugely popular and successful among risk-hungry traders, vaulting BitMEX into the top ranks of the world’s biggest cryptocurrency exchanges. Now, digital-asset analysts and investors are scrambling to assess the market damage after U.S. authorities on Thursday brought a series […]
Chinese bitcoin miner manufacturer MicroBT is looking to grab a bigger slice of the U.S. market by setting up its first overseas production center. The company said on Friday that it has partnered with New York-based Foundry Digital LLC and a Southeast Asian company in order to improve supply chain efficiencies for North American buyers of its flagship bitcoin mining equipment. The Southeast Asian listed company – which MicroBT declined to name – is contracted to produce and deliver MicroBT’s WhatsMiner equipment to U.S. investors, who would otherwise pay an additional 25% tax if they receive shipments directly from China due […]
https://cdn1.img.sputniknews.com/img/107756/51/1077565193_0:67:2854:1673_1200x675_80_0_0_d4cb63c2bd4f48ead7ee16196920ded8.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Ashutosh Kumar. Sputnik International https://sputniknews.com/india/202009241080556131-indian-markets-crash-sensex-plunges-555-points-on-global-cues/ Even though the Indian equity markets have recovered almost 50 percent from their lockdown lows, concerns remain on the meteoric rise at a time when economic growth has turned negative. Indian Stocks crashed in opening trading on Thursday on the back of weak global cues. The Bombay Stock Exchange’s benchmark 30-share index, Sensex, fell 554.90 points to trade at 37,113 levels in early trading. Blue chip stocks like Mahindra and Mahindra, Infosys, and Bajaj Finance, among others, witnessed a sell off. Similarly the National Stock Exchange’s broader 50-share benchmark index, the Nifty […]
When COVID-19 claimed its first 100,000 lives in the U.S., Hidalgo County, Texas, seemed to have avoided the worst of it. The county, which sits on the border with Mexico, had just 10 deaths when the U.S. crossed that tragic milestone on May 27. But the U.S. has now doubled its death count to top 200,000 victims, and Hidalgo County has become one of the deadliest hot spots for COVID-19. Despite the lack of dense urban areas there — its largest city, McAllen, has fewer than 150,000 residents — the disease has killed more than 1,500 people across the county. “We […]
The New York Attorney General’s office (NYAG) wants Tether and Bitfinex to immediately turn over documents detailing a $900 million line of credit the first entity extended to the second, according to a new filing with a public court system. The NYAG’s office began a formal inquiry into Bitfinex and Tether last April, when it alleged Bitfinex had lost access to more than $850 million in customer and corporate funds, and covered up the shortfall by borrowing from Tether, with which it shares executives and corporate owners. The NYAG won a ruling that ordered the companies to turn over information pertaining […]
The fact of registration and authorization of users on Sputnik websites via users’ account or accounts on social networks indicates acceptance of these rules. Users are obliged abide by national and international laws. Users are obliged to speak respectfully to the other participants in the discussion, readers and individuals referenced in the posts. The websites’ administration has the right to delete comments made in languages other than the language of the majority of the websites’ content. In all language versions of the sputniknews.com websites any comments posted can be edited. A user comment will be deleted if it: does not correspond […]
https://cdn1.img.sputniknews.com/img/07e4/09/05/1080372996_0:0:1200:675_1200x675_80_0_0_8c94522520299a62ecbc2e6de449276b.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/videoclub/202009061080372983-yodve-got-a-friend-in-me-golden-retriever-and-child-share-their-toys/ Dogs are awesome friends, energetic, brave, cunning, and full of tricks, but they are also loyal and caring. They are always happy to protect their human pals – especially the smallest ones, and are ready to share their toys and food with those little guys, like it is their own puppies. This golden retriever is very generous and understanding – and it is totally ok, when a little baby takes its toy. The kid just wants to know what that little thing is and the doggo understands because, in the end, canines and human […]
Bitcoin continues to slide while ether has a larger share of the crypto market than it has had in years. Bitcoin (BTC) trading around $10,726 as of 20:00 UTC (4 p.m. ET). Slipping 6.1% over the previous 24 hours. Bitcoin’s 24-hour range: $10,468-$11,474 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since Sept. 1.Source: TradingView Bitcoin continues its downward trend Thursday, with prices descending as low as $10,468 on spot exchanges such as Coinbase. While it has recovered a bit, traders selling for profits has certainly been the theme right now. […]
The Trump administration has struck a small-scale trade agreement with the European Union that could send more American lobster across the Atlantic. Europe has agreed to suspend tariffs on imports of live and frozen lobster from the U.S. for at least 5 years. In exchange, the U.S. will cut tariffs by 50% on some European products, including crystal glassware and cigarette lighters. While the agreement covers a tiny fraction of trans-Atlantic trade, it’s important for the American lobster industry which has been at a competitive disadvantage in Europe ever since Canada struck its own trade deal with the E.U. three years […]
The US dollar has recently been losing value against other currencies, dropping nearly 5% in July, its biggest monthly fall in more than 10 years. This decline is prompting economists worldwide to re-assess the role of the dollar as a global reserve currency, as some countries have resorted to other options in their bilateral transactions. The US dollar’s share of trade between Russia and China fell to a record low of 46% in the first quarter of 2020, according to recent figures provided by Russia’s Central Bank and Federal Customs Service. This data prompted experts to suggest that the two trading […]
https://cdn1.img.sputniknews.com/img/07e4/07/0a/1079842829_0:235:3182:2025_1200x675_80_0_0_6152d65d5addc1f632f207d4fb98518e.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/russia/202007171079917393-russian-covid-19-vaccine-developers-say-ready-to-share-data-with-foreign-colleagues/ MOSCOW (Sputnik) – Russia’s Gamaleya Institute of Epidemiology and Microbiology has produced a coronavirus vaccine that is patented and more advanced than Western competitors and will be happy to share the technology with foreign colleagues, should they require, the institute’s head, Alexander Gintsburg, said on Friday. The statement comes on the heels of allegations voiced on Thursday by the UK National Cyber Security Centre that Russian-linked hackers have tried to crack the technology of COVID-19 vaccine developers in the United Kingdom, the United States and Canada. The Kremlin has refuted the allegation. “Our technology […]
Seattle Activists Share Their Vision For Black Trans Pride By Manola Secaira, Crosscut. July 4, 2020 Seattle Activists Share Their Vision For Black Trans Pride2020-07-042020-07-04https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/pride_hero-e1593891323571.jpg200px200px Above photo: LüChi raise their fists to the crowd during the duo’s performance at Taking B(L)ACK Pride at Jefferson Park on June 27. Dorothy Edwards/Crosscut. Pride Month has been criticized for being too white and too commercial. Four activists share how they’ve built their own spaces for celebration. In recent years, trans issues have broken into the mainstream. It didn’t happen overnight; it’s been a long time coming. Trans activists have been at the center of the fight for […]
__________Politics.co.ukJohnson and Trump now share the same covid policy: Pretend it doesn’t exist By Jonathan Lis It is perhaps no coincidence that, before they became world leaders, both Boris Johnson and Donald Trump made cameo appearances as themselves on soap operas. In 2009 Johnson propped up the bar of the Queen Vic, while in 2005 Trump appeared in Days of Our Lives. Both men have short attention spans and love performing. The main appeal of soap, of course, is that things constantly happen but never for too long. New characters arrive, storylines get tidied up, and events that captivate viewers one […]
https://cdn1.img.sputniknews.com/img/107975/36/1079753698_0:298:1200:973_1200x675_80_0_0_a2365b81f48fa5696295a32d9771a660.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/viral/202006301079753687-netizens-share-laughs-over-cristiano-ronaldos-new-hairstyle/ Many have experimented with their hairstyle during the COVID-19 quarantine, despite that it rarely turns into something bearable without the assistance of a professional stylist. Cristiano Ronaldo did an experiment as well, leaving it to netizens to judge whether he did well. Cristiano Ronaldo shared a new look on social media, revealing a fresh and rather extravagant hairstyle, with curled hair put up. He posted a picture with Columbian footballer Juan Quadrado, who shared a similar hairstyle, with a caption: “What do you think about my look like my brother Panita?!” Netizens, however, remain […]
https://cdn1.img.sputniknews.com/img/107488/70/1074887022_0:166:4414:2648_1200x675_80_0_0_c7a4fbf03987b89350f18beb9c840f42.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/india/202006271079734086-newer-swarms-of-locusts-enter-national-capital-region-in-india-residents-share-creepy-videos/ New Delhi (Sputnik): India has been faced by a locust menace. In the last 40 days, India has faced swarms of locusts attacking and destroying crops in several states, like Rajasthan, Bihar, Madhya Pradesh, Uttar Pradesh, Chhattisgarh, Gujarat, Maharashtra, and Odisha. The menace is expected to end with the approaching rains. The second wave of locust swarms has now entered Gurugram, which is part of India’s national capital region (NCR). The insects also returned to India via the desert state of Rajasthan which shares a border with Pakistan. Residents of NCR on Saturday took […]
Zhan Ketuan, the formerly-ousted Bitmain co-founder who returned to power earlier this month, is proposing a solution to end the firm’s internal war. In a letter Sunday, Zhan, who as Bitmain’s biggest shareholder owns 36% of its stock, offered to buy back shares possessed by his rival co-founder Wu Jihan, several founding members and some of Bitmain employees, at a company valuation of $4 billion. Wu alone controls about 20% of Bitmain and three other founding members own about 15% in total. Bitmain’s employee stock option pool has another 19% and the remaining 10% belongs to external investors. But Zhan’s $4 […]
A protester holds a sign with George Floyd’s face during a march Monday in Los Angeles to honor black lives lost to police brutality. Bethany Mollenkof for NPR hide caption toggle caption Bethany Mollenkof for NPR A protester holds a sign with George Floyd’s face during a march Monday in Los Angeles to honor black lives lost to police brutality. Bethany Mollenkof for NPR In the weeks since police killed George Floyd in Minneapolis, people around the U.S. and the world have flooded the streets in rage and protest against police violence toward African Americans. There’s particular resonance for Los Angeles, […]
As people have been distracted with the coronavirus shutdown, Governor Andrew Cuomo quietly passed the 2020 budget which contained an amendment that makes it a felony for law enforcement to share DMV information with the Department of Homeland Security or Immigration and Customs Enforcement. The Green Light Law has essentially criminalized police work. According to Buffalo’s ABC 7, the amendment makes it an E Felony for any law enforcement officer to share DMV records with another law enforcement agency in charge of immigration like ICE or DHS. U.S. Attorney for the Western District of New York J.P. Kennedy has accused Cuomo […]