Copa america standings

Share to Twitter Share to Linkedin Topline Utah became the second state Monday to have its abortion “trigger ban” blocked in state court despite the U.S. Supreme Court overturning Roe v. Wade, as abortion providers file a string of lawsuits aiming to block state-level abortion bans that took effect following the court’s decision. Key Facts Utah’s law banning all abortions, which took effect Friday, will be blocked for two weeks as the case moves forward, a state judge ruled Monday. Louisiana became the first state to have its abortion trigger laws blocked earlier on Monday—at least until a hearing on July 8—after abortion providers sued arguing the bans were unlawfully vague. Abortion providers have also filed lawsuits targeting trigger bans in Kentucky , Idaho and Mississippi —whose trigger ban still won’t take effect for a few more days—and those lawsuits remain pending. A lawsuit has been filed in Texas trying to … [Read more...] about Utah Abortion Ban Blocked In Court — Here’s Where State Lawsuits Stand Now

Share to Twitter Share to Linkedin Topline Texas became the third state Monday to have a statewide abortion ban blocked in state court despite the U.S. Supreme Court overturning Roe v. Wade, as abortion providers file a string of lawsuits aiming to block state-level abortion bans that took effect following the court’s decision. Key Facts A state judge in Texas issued a temporary restraining order that blocks the state’s pre-Roe abortion ban from staying in effect at least for the clinics that filed the lawsuit, according to the abortion providers, after Texas Attorney General Ken Paxton issued guidance on Friday saying abortion providers could now be held criminally liable under the law. That block is still fairly limited, though: Abortions in Texas after approximately six weeks are already banned under a separate law that’s been in place since September, and the state has a trigger law in place that’s set to take effect in a few weeks, which … [Read more...] about Texas’ Pre-Roe Abortion Ban Blocked In Court — Here’s Where State Lawsuits Stand Now

Harris County, Texas, Sheriff Ed Gonzalez, President Joe Biden’s pick to run U.S. Immigration and Customs Enforcement (ICE), withdrew Sunday. Biden nominated Gonzalez in April 2021 and he quickly faced questions from Republicans who voiced concerns that he had opposed an ICE screening database. The voluntary database allows for inmates to be screened to determine immigration status, and Gonzalez ultimately opted to end the program for his office in 2017, the Houston Chronicle reported at the time. (RELATED: Texas County Approves $2.5 Million Of Taxpayer Money For Illegal Immigrant Defense Fund) Gonzalez wrote Biden a letter detailing his decision to withdraw from consideration for the position, The Washington Post reported on Monday. In addition to questions over his decisions as Harris County sheriff, Gonzalez’s nomination was stalled amid unconfirmed allegations of domestic violence, ABC 13 reported . “ I arrive at this difficult decision with the understanding … [Read more...] about Sheriff Ed Gonzalez, Biden’s ICE Nominee, Withdraws

- A + A (June 28):Investors caught in the web of international sanctions that pushed Russia into default on bond payments are faced with the choice of seeking recompense now, or biding their time. Sanctions aimed at punishing Russia for its invasion of Ukraine shut it out of the world’s financial system, blocking its ability to transfer funds to creditors. It missed payments in late May, and a final deadline to remedy the situation expired on Sunday, creating what the bond documents call an “event of default”. Holders of at least 25% of the outstanding notes can come together to declare the debt fully and immediately repayable, “without any further formality” — a process known as accelerating the debt — according to the documents governing the relevant bond contracts. They may be in no rush. Claims only become void three years on from the payment date, the bonds’ terms show. There’s the chance that if international penalties against President Vladimir Putin’s … [Read more...] about Russia’s foreign bond investors left caught in sanctions web

Shares of Morgan Stanley ( MS ) climbed after the bank announced plans for stock dividends and buybacks . Morgan Stanley shares rose over 3% after the company increased its dividend and announced a $20 billion stock buyback. Goldman Sachs, Bank of America, and Wells Fargo also boosted their dividends. Goldman had one of the largest dividend increases, with a 25% hike to $2.50 per share. Bank of America’s increase came to 5%, while Morgan Stanley raised its dividend by 20%. JPMorgan and Citigroup both held the line on their dividends, and said that increasingly stringent capital requirements forced the firms to keep them unchanged. JPMorgan did announce a new $30 billion stock buyback plan that began back in May. "It is notable that JPMorgan and Citi did not increase their dividends given that they are much more cautious about the health of U.S. consumers than other banks, and even though they have ample capital to sustain a downturn, they still think it is prudent to be … [Read more...] about Big Banks Announce Dividend Plans

- A + A MILAN (June 28): Dufry AG, the world's biggest duty-free operator, and the Benetton family's Autogrill SpA are working on a deal that would create a leading player in travel retail, the Italian company said on Tuesday, confirming a previous report by Bloomberg. Autogrill confirmed that "there are ongoing discussions, without any exclusivity, regarding a possible integration" with Dufry, according to a statement. Talks between the Swiss and Italian companies were at an advanced stage and an agreement could be signed as soon as next month, people familiar with the matter said earlier, asking not to be named as the discussions were private. Under the deal structure being considered, Dufry would purchase Autogrill and pay in shares, the people said. The Benettons would in turn be the new listed entity's biggest single investor, with a stake of about 20%, the people said. An accord in the travel business would mark a second major deal for Alessandro Benetton … [Read more...] about Autogrill confirms talks with duty-free giant Dufry on tie-up

- A + A NEW YORK (June 28): The lukewarm reception for Polestar Automotive Holding, the latest electric-vehicle (EV) company to go public in the US, is sending an ominous message to other start-ups: The purge is not over. Yes, the auto industry is due for a transformation as oil prices soar and the need for cleaner transportation becomes increasingly apparent. But, runaway inflation and a looming economic downturn are making investors leery of speculative investments, which include EV makers despite the allure of the coming revolution. Polestar's tepid welcome — the stock jumped 16% on its first day of trading on Friday and then dropped 15% on Monday — is the latest evidence of that scepticism. The Swedish electric-car maker went public after merging with blank-cheque company Gores Guggenheim Inc. The company's market valuation stood at about US$24 billion as of Monday's close. "EV stocks benefitted greatly from the abundance of liquidity that had been sloshing … [Read more...] about Polestar IPO’s meh greeting a troubling signal for EV makers

- A + A CHICAGO (June 28): In a year that has seen widespread selling of technology stocks and long-time market leaders fall into bear territory, the woes of Netflix Inc stand alone. The video-streaming company has plummeted 69% this year, abandoned by both investors and analysts as back-to-back disappointing quarterly reports raised concerns about user trends in an industry that’s becoming more competitive and losing its pandemic-related tailwinds. The drop is the most of any Nasdaq 100 or S&P 500 component, and much worse than the former index’s 26% decline. The growth outlook has weakened to the point that Netflix has cut hundreds of jobs and changed its tune on two longstanding principles: it is cracking down on password sharing, and will introduce an ad-based subscriber tier to the platform. That’s on top of a backdrop where high inflation has pushed the Federal Reserve to hike rates sharply, sparking recession fuels and fueling a rotation out of tech. … [Read more...] about The number of Netflix bulls is dwindling

- A + A (June 28): European Central Bank (ECB) president Christine Lagarde affirmed plans for an initial quarter-point increase in interest rates in July but said policymakers are ready to step up action to tackle record inflation if warranted. Speaking at the ECB’s annual retreat in Sintra, Portugal, Lagarde offered reassurances that a new anti-crisis instrument yet to be announced won’t stand in the way of tackling the fastest surge in consumer prices since the euro was introduced. Her remarks underline the ECB’s base case for normalising monetary policy as some officials float the idea of moving more aggressively. Governing Council member Martins Kazaks said earlier on Tuesday (June 28) that “front-loading” hikes, including a possible larger move next month, could be reasonable. Traders brought forward bets on rate increases, but only see a 25% chance of a half-point hike in July. “There are clearly conditions in which gradualism would not be appropriate,” … [Read more...] about Lagarde vows nimble ECB policy as July hike plan proceeds

- A + A KUALA LUMPUR (June 28): Poh Huat Resources Holdings Bhd's net profit for the second quarter ended April 30, 2022 (2QFY22) jumped 81.75% to RM23.08 million from RM12.7 million in the same period last year, mainly driven by higher furniture shipments from Malaysia. Quarterly revenue grew 12.57% to RM186.34 million from RM165.53 million, as production activities for both the group's operations in Malaysia and Vietnam continued to do well on the back of sustained orders from its customers in North America. "In particular, our Malaysia operations registered strong growth compared to the previous year's corresponding quarter as we ramped up production to clear order backlogs following the resumption of production after MCO 3.0 (Movement Control Order 3.0). Our Vietnam operations also registered higher shipment, albeit at a more modest level," Poh Huat said. As such, its earnings per share almost doubled to 8.71 sen from 4.79 sen previously, its bourse filing … [Read more...] about After 82% jump in 2Q profit, Poh Huat sees signs of demand slowdown in US amid soaring prices