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Wed, 12 Aug 2020 10:52
Yahoo News - Latest News &Headlines
Trump Pledges Big Tax Cuts That May Do Nothing for the Economy(Bloomberg) -- President Donald Trump is tapping his presidential authority to make tax changes that Congress is refusing to do, but his limited power means he could end up over-promising and under-delivering on his pledge to slash IRS bills.Trump has given employers the option to defer hundreds of billions of dollars worth of payroll tax levies and is contemplating another executive action that would amount to a roughly $100 billion capital gains tax cut for investors by changing Treasury Department guidelines.The president is running for re-election in November trailing Democrat Joe Biden in every recent poll. Meanwhile, Congress is deadlocked on another broad stimulus as the country continues to struggle under a still-raging coronavirus pandemic. There are no immediate prospects for more negotiations and the stalemate could drag into September, leaving the economy limping as voters are getting ready to make their choices.With a recovery key to Trump winning a second term, actions are aimed at giving a lift to both his working-class base and financial markets. But the tactic comes with a significant amount of political risk.Those payroll tax payments will still come due unless Congress decides to forgive the amounts, which is no sure bet. Both Republican and Democratic leaders aren’t enthusiastic about slashing the levies that finance Social Security and Medicare.The president’s plan to cut capital gains taxes would involve executive action that some conservatives think may overstep his authority and end up in court. And the benefits, if they were to be realized, would beheavily tilted to the wealthy, giving Democrats another opportunity to attack Trump as favoring the rich at the expense of the middle class.“With payroll taxes, administratively there is no way to make it work perfectly without Congress,” Kyle Pomerleau, a resident fellow at the American Enterprise Institute, said. “With capital gains, it could get tied up in the courts and it just never happens.”Treasury Secretary Steven Mnuchin on Wednesday indicated at least some in the administration are aware of the pitfalls.“The president would like to do capital gains tax cuts, and we do needlegislation to do what we want on that front,” he said on Fox Business.Market ReactionWith congressional talks at an impasse on another round of stimulus that economists, Federal Reserve officials and market participants all see as essential, Trump unilaterally extended extra unemployment aid anddeferred payroll tax payments. When that failed to prod a resumption of talks, and analysts assessed its impact as limited, the S&P 500 turned sharply lower in the final hour of trading on Tuesday -- though the index rebounded Wednesday.Some companies are waiting for guidance before deciding whether to take the risk of getting saddled with bills at the end of the year.White House economic adviser Larry Kudlow told reporters Tuesday that companies and employees “trust the president” that the the tax bills would be forgiven.Mnuchin, though, indicated that the Treasury Department “can’t force” companies to to take the deferral and that some companies may choose to opt out.“We’re going to create a level of certainty for small businesses who wantto do this,” he said.Congress VitalTrump is reliant on Congress to forgive the deferred tax payments, but that could be a tough sell for lawmakers who have repeatedly dismissed his requests for a payroll tax cut, said Joe Bishop-Henchman, the vice president of policy and litigation at the National Taxpayers Union Foundation.“He’s been pretty insistent on that for some time now, and Congress hasn’t addressed it,” he said.Trump on Monday also said he’d soon release a middle-income tax cut proposal. But that would need Congress to act, so any plan would be more a campaign pledge thansomething that could take effect in the coming months.Polls have indicated that voters aren’t inclined to trust the president. A Quinnipiac University poll released last month found that 31% of registered voters said he was honest, with more than double that -- 66% -- saying he wasn’t.‘Significant Expense’His penchant for big ideas that never quite come to pass could hurt him as voters find that promised benefits don’t materialize in their bank accounts. Businesses are already worried that Trump’s payroll order could create a series of administrative problems, but not actually deliver any economic boost.“If employees are burdened with deferred payroll taxes later, then we haven’t provided relief, we have postponed the tax payment at best, all at a significant expense to employers,” Alice Jacobsohn, the Director of Government Relations for the American Payroll Association, said in a statement.Mark Zandi, chief economist of Moody’s Analytics, estimates that the executive orders would have “at best” marginal economic benefits, falling short of pledges to provide relief to jobless workers and create jobs through tax cuts.“The EOs are much ado about nothing,”Zandi said in an email. “Aside from the waiving of interest payments on student loans through the end of the year, which is important for student loan borrowers but has little macroeconomic benefit, the EOs will not be implemented, at least not in the foreseeable future.”(Updates to reflect Wednesday remarks by Mnuchin, starting in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Trump Pledges Big Tax Cuts That May Do Nothing for the Economy
Would Shareholders Who Purchased Principal Financial Group's(NASDAQ:PFG) Stock Three Years Be Happy With The Share price Today?It is doubtless a positive to see that the Principal Financial Group, Inc. (NASDAQ:PFG) share price has gained some...
Would Shareholders Who Purchased Principal Financial Group's(NASDAQ:PFG) Stock Three Years Be Happy With The Share price Today?
New East Austin, TX Condo, Townhome Community, Gravity ATX sells over $18M in 30 days in preconstruction sales before breaking ground Fall 2020In partnership with Diamond Ventures, Austin-based Legacy Communities is set to break ground this Fall on Gravity ATX, an attractively priced, 90 one- and two-bedroom condo, townhome community. Gravity ATX is the only such residence in up-and-coming East Austin and is proving to be the right offering to the market, with 65 percent of its pre-construction residences sold in the first 30 days.
New East Austin, TX Condo, Townhome Community, Gravity ATX sells over $18M in 30 days in preconstruction sales before breaking ground Fall 2020
Gold’s Wild Ride Continues With Prices Rebounding After Rout(Bloomberg) -- Gold rebounded Wednesday, extending a series of wild swings that saw the metal hit a record on Friday before plunging to below $1,900 an ounce.After surging about 30% this year, gold’s rally came to a sudden halt Tuesday as U.S. bond yields rose, cutting into the negative real rates that had supported the metal. A measure of gold volatility over the past month jumped to the highest since April. U.S. equities followed European stocks higher on Wednesday, with the S&P 500 edging toward a record, helping limit gains for bullion.Gold is still one of the best-performing commodities of 2020 after the coronavirus outbreak pummeled the global economy, prompting central banks and governments to deploy massive stimulus. While a host of catalysts including geopolitical tensions and the threat of Covid-19 outbreaks are expected to continue to underpin demand for bullion as a haven, the metal may take time to regain momentum with investors spooked by the rout, according to Commerzbank AG.“The impressive summer rally enjoyed by gold and silver came to an explosive end yesterday,” Commerzbank analyst Carsten Fritsch said in a note. “We are unlikely to see prices return quickly to the highs they achieved at the end of last week. Yesterday’s sell-off caused too much technical damage for this to happen, frightening investors off in the process.”Read: Real Rates Reversal Hitting Big Trades Including Gold and NasdaqSpot gold rose 1.8% to $1,945.84 an ounce at 10:58 a.m. in New York, after falling as much as 2.5%. On Tuesday, the spot prices dropped 5.7%, the biggest one-dayloss in seven years. Silver jumped 4.2% to $25.842 an ounce on Wednesday. The white metal tumbled 15% in the spot market Tuesday, while silver futures on the Comex fell 11% in record trading volume.Benchmark Treasury yields have climbed more than 10 basis points so far this month amid improving risk appetite and an imminent flood of debt issuance. The recent rebound reflects investor hopes that the coronavirus will be contained, according to Standard Chartered Plc.Still, U.S. consumer prices excluding volatile food and fuel costs rose the most in about three decades in July, topping estimates, a report Wednesday showed. Expectations for rising inflation have underpinned the metal’s climb in recent weeks.“The U.S. CPI number released today has helped the gold price to restore some of its shine,” Naeem Aslam, chief market analyst at Ava Trade, said by email Wednesday. “There is still a huge opportunity here.”Gold’s still got plenty of high-profile supporters. Among banks that have forecast substantial gains in recent weeks, Bank of America Corp. predicted that prices will hit $3,000. Saxo Bank A/S said the sharp correction doesn’t signal the end of gold’s run, and DoubleLine Capital LP’s Jeffrey Gundlach said that he expects the metal to keep trading higher despite the setback.“Expectations of a V-shaped recovery from the coronavirus lockdowns remain far-fetched,” Avtar Sandu, senior manager for commodities at broker Phillip Futures in Singapore, said in a note. “The long-term fundamental drivers of gold remain positive in outlook. However, in the short run, gold prices seem to be reacting to headline news events and the technical picture has projected some consolidation ahead.”(An earlier version of this story corrected the dates of the price moves.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Gold’s Wild Ride Continues With Prices Rebounding After Rout
Northern Vertex Intercepts High Grade Mineralization of 21.8 GPT Gold &211.48 GPT Silver Over 6.1 Meters, Including 69.3 GPT (2.02 OZ) Gold &716 GPT Silver Over 1.5 Meters at Moss Mine, ArizonaNorthern Vertex Mining Corp. (TSX.V: NEE) (OTC Nasdaq Intl.: NHVCF) (the "Company" or "Northern Vertex") is pleased to announce initial results from the multi-phase drilling and resource expansion program (the "Program") underway at the Moss Mine in NW Arizona. Drilling has successfully intercepted high-grade gold and widespread district scale mineralization within a 2-kilometer radius of mining operations. The Moss Mine land holdings are contained within Arizona's historic Oatman Mining District, recognized for its numerous high-grade gold discoveries.
Northern Vertex Intercepts High Grade Mineralization of 21.8 GPT Gold &211.48 GPT Silver Over 6.1 Meters, Including 69.3 GPT (2.02 OZ) Gold &716 GPT Silver Over 1.5 Meters at Moss Mine, Arizona
Surgical Adhesion Barriers (Wound Care Management) - Global Market Analysis and Forecast Model (COVID-19 market impact)Read the full report: https://www.reportlinker.com/p05948771/?utm_source=PRN Summary Surgical Adhesion Barriers (Wound Care Management) - Global Market Analysis and Forecast Model (COVID-19 market impact) is built to visualize quantitative market trends within Wound Care Management therapeutic area. The model discusses in detail the impact of COVID-19 on Surgical Adhesion Barriers market for the year 2020 and beyond.Surgical adhesion barriers are used for the prevention of fibrous bands of scar tissue which develop after surgery and bind anatomic surfaces. These post-surgical adhesions occur in almost 95% of patients who have had multiple laparotomies. Surgical procedures vary from cardiovascular, gastrointestinal, obstetrics, gynecological to other types of surgeries such as orthopedic and peripheral nerve operations.There are a variety of surgical adhesion barriers on the market. In order to have market appeal, the ideal adhesion barrier should have characteristics such as anti-adhesiveness, high biocompatibility, resorbable properties, adherence to traumatized surfaces, effectiveness on oozing surfaces, applicable through laparoscopes, and cost efficient. Each of the covered 39 country's color-coded and fully-sourced market models are equipped with epidemiology based indications with procedure volumes.To increase the data transparency, the interactive excel deliverable covers installed base, new sales volumes, product usage, average selling prices, market size and company share/rank analysis (wherever available). Moreover, analyst comments with qualitative insight offer context for quantitative data. Key Inclusions of the market model are - Currently marketed Surgical Adhesion Barriers and evolving competitive landscape - - Insightful review of the key industry trends. - Annualized total Surgical Adhesion Barriers market revenue by segment and market outlooks from 2015-2030. - Granular data on total procedures, units, average selling prices and market values by segment. Global, Regional and Country level market specific insights - - Qualitative market specific information is available with global trends further broken down into regional trends. In addition analysts provide unique country specific insights on the market. - SWOT analysis for Surgical Adhesion Barriers market. - Competitive dynamics insights and trends provided for Surgical Adhesion Barriers market. Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape. - Country specific overview of the healthcare system. - Country specific reimbursement policies. - Country specific medtech regulatory landscape. Robust methodologies and sources enable the model to provide extensive and accurate overview of the market.Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases. Companies covered: Ethicon , Sanofi Genzyme, FzioMed Inc, W.L. Gore &Associates Inc, Medtronic Plc, MAST Biosurgery, AG Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina and Chile. Scope This Market Model gives important, expert insight you won't find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for - - CMO executives who must have deep understanding of the Surgical Adhesion Barriers marketplace to make strategic planning and investment decisions. - Sourcing and procurement executives who must understand crucial components of the supply base in order to make decisions about supplier selection and management. - Private equity investors that need a deeper understanding of the market to identify and value potential investment targets. Reasons to Buy The model will enable you to - - Understand the impact of COVID-19 on Surgical Adhesion Barriers market. - Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline. - Develop business strategies by understanding the trends shaping and driving Surgical Adhesion Barriers market. - Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Surgical Adhesion Barriers market in the future. - Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of market leaders. - Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage. - Track device sales in the global and country-specific Surgical Adhesion Barriers market from 2015-2030. - Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.Read the full report: https://www.reportlinker.com/p05948771/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001
Surgical Adhesion Barriers (Wound Care Management) - Global Market Analysis and Forecast Model (COVID-19 market impact)
Northern Vertex Intercepts High Grade Mineralization of 21.8 GPT Gold &211.48 GPT Silver Over 6.1 Meters, Including 69.3 GPT (2.02 OZ) Gold &716 GPT Silver Over 1.5 Meters at Moss Mine, ArizonaNorthern Vertex Mining Corp. (TSX.V: NEE) (OTC Nasdaq Intl.: NHVCF) (the "Company" or "Northern Vertex") is pleased to announce initial results from the multi-phase drilling and resource expansion program (the "Program") underway at the Moss Mine in NW Arizona. Drilling has successfully intercepted high-grade gold and widespread district scale mineralization within a 2-kilometer radius of mining operations. The Moss Mine land holdings are contained within Arizona's historic Oatman Mining District, recognized for its numerous high-grade gold discoveries.
Northern Vertex Intercepts High Grade Mineralization of 21.8 GPT Gold &211.48 GPT Silver Over 6.1 Meters, Including 69.3 GPT (2.02 OZ) Gold &716 GPT Silver Over 1.5 Meters at Moss Mine, Arizona
Coronavirus live updates: Nasal spray can help fight COVID-19; Kentucky Derby bets on smaller crowd; Florida sheriff bans masksScientists in California develop say their nasal spray "AeroNabs" can help against COVID-19. Texas surpasses 500K cases. Latest news.
Coronavirus live updates: Nasal spray can help fight COVID-19; Kentucky Derby bets on smaller crowd; Florida sheriff bans masks
First Eagle Investment Exits Omnicom, Cuts WeyerhaeuserFirm's largest trades of the 2nd quarter Continue reading...
First Eagle Investment Exits Omnicom, Cuts Weyerhaeuser
Recession is unprecedented, says Chancellor Rishi SunakRishi Sunak says it is a "difficult and uncertain time" as the UK suffers its biggest slump on record.
Recession is unprecedented, says Chancellor Rishi Sunak
Dozens of radio stations nationwide to broadcast Breonna Taylor memorialDozens of radio stations around the country are calling attention to the Breonna Taylor case by having a memorial broadcast on Thursday.
Dozens of radio stations nationwide to broadcast Breonna Taylor memorial
You have to win first: What Joe Biden's pick of Kamala Harris tells us about BidenBy choosing Kamala Harris as his running mate, Joe Biden signals that he doesn't want to rock the boat in this campaign, and he doesn't hold a grudge.
You have to win first: What Joe Biden's pick of Kamala Harris tells us about Biden
Oil Rises With Shrinking U.S. Stockpiles Signaling Demand Pickup(Bloomberg) -- Oil advanced after U.S. government data showed stockpiles decreased and refiners boosted processing rates, signaling a demand comeback as the summer driving season nears an end.Domestic crude supplies declined over 4 million barrels last week and refineries ratcheted up rates above 80% for the first time since March when the coronavirus pandemic led to widespread initial lockdowns, according to an Energy Information Administration report. Gasoline and distillate inventories also decreased.“There were pretty high expectations overnight built into the oil market in regard to these draws, and this report pretty much confirmed those,” said Rob Thummel, a portfolio manager at Tortoise. “We had some beef in demand for gasoline and across the board, refining utilization was up.”Still, investors are keeping an eye on supply levels at the Cushing, Oklahoma storage hub, which have increased each week since early July.U.S. benchmark crude futures are finding support from shrinking stockpiles and expectations for American shale producers to show restraint even as prices creep higher. In fact, U.S. shale oil supply may be 650,000 barrels a day lower than the current estimate of 5.83 million barrels a day by year-end because of slower rig action, according to JBC Energy.“It remains to be seen whether firms in the shale patch could further reduce operating costs to support production,” TD Securities commodity strategists including Bart Melek said in a note. “But for now, the evidence suggests that a focus on balance sheets, aggressive cuts in capital expenditure expectations and historical cuts in exploration spending will ultimately keep supply growth contained.”The EIA report showed gasoline stockpiles fell by 722,000 barrels last week, while distillate supplies declined by 2.32 million barrels. Stockpiles at Cushing are hovering at just over 53 million barrels, the highest since May.Although the EIA data signaled demand is perking up, there are still lingering concerns over a meaningful consumption recovery. India’s oil product demand was still down 12% compared to a year earlier in July, as the nation continues to grapple with the virus, while Japan’s gasoline demand is showing renewed signs of weakening.In physical markets, Light and Heavy Louisiana Sweet crudes have been trading at their highest premium to Nymex oil futures in almost three weeks. This week, Alaska North Slope traded at $1.40 above Nymex WTI futures, its highest premium since late July, before easing in later sessions.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Oil Rises With Shrinking U.S. Stockpiles Signaling Demand Pickup
Natwest to cut 550 jobs in branches and close one officeThe lender is seeking to cut costs as more people bank online during the pandemic.
Natwest to cut 550 jobs in branches and close one office
Who Has Been Buying Premier Financial Bancorp, Inc. (NASDAQ:PFBI) Shares?We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...
Who Has Been Buying Premier Financial Bancorp, Inc. (NASDAQ:PFBI) Shares?

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