Square Stock Is Soaring After Its Earnings Were Leaked a Day Early

Global markets rose modestly in early trading after a new report that China and the United States plan to hold trade talks by mid-June. However, equity markets for the APAC region gave up some of their gains to trade in the red. Taiwan bucked the trend, ending flat, after retaking Tuesday’s level. For the Asia-Pacific, Hong Kong gained 0.48% and Indonesia ended up 0.35%. Earlier in the session, China’s Caixin manufacturing index registered its sharpest fall in two years, with private sector factories shedding jobs amid a deepening trade conflict…

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Activist Cori Bush Beats Veteran Congressman Clay in Missouri Primary

Activist and tech entrepreneur Cori Bush got the last laugh this evening defeating veteran Congressman Clay in the Democratic primary for the 2nd Congressional District. Bush is a software engineer, Bay Area Democrat and marine veteran who represented San Francisco, along with San Mateo and Santa Clara counties in California’s 2014 state Senate race, and a loss to Sen. Dianne Feinstein in 2016. With 67 percent of precincts reporting, Bush secured 62 percent of the vote, while Rep. Clay obtained 39 percent. The winning candidate needed 50 percent plus one…

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Huawei Tops Samsung as World’s No. 1 Smartphone Company For First Time

The largest smartphone maker on the planet has been crowned the world’s top manufacturer for the first time. Chinese company Huawei beat arch-rival Samsung in worldwide shipments for the first time in the first quarter, according to research firm IDC. Huawei has out-shipmentted Samsung to power its $127 billion dollar empire by as much as one billion units. Not that it means anything in terms of sales, except perhaps that Huawei doesn’t care how people perceive it. The year-over-year drop in China has been largely offset by increased international sales…

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Ann Taylor and Lane Bryant Owner Joins Other Retailers Filing for Bankruptcy

Buckle, Foot Locker, and others file for Chapter 11 protection to shift debt from ones to invest in “leadership and innovation” Ann Taylor and Lane Bryant owner ANN Inc. filed for Chapter 11 bankruptcy Wednesday. The New York-based company is the first major retailer to enter bankruptcy this year, marking another hit to the retail industry as a whole that already reported three-straight quarters of tumbling revenue and fourth-straight quarters of declining sales for a shopping experience in freefall. The company cited in its Tuesday filing a liquidity crisis caused…

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Coronavirus could be a ‘major turning point’ for sustainable investing, says JPMorgan

It may be the first time that the public does the shopping — by choosing portfolios, rather than relying on everyone else’s judgment. In a hotly contested panel discussion, Michael Ivins, Global Head of Sustainable Investment Strategy at JPMorgan Asset Management, hinted at why he and fellow panelists, including David L. Sobel, a British entrepreneur, were so worried about what happened in London. He noted that the former commodity-trading hub suddenly looks a lot like Germany when, a decade ago, it was still well-known as the source of the world’s…

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Overnight funds’ avg AUM grows 5x in 9 months; investor accounts double

It’s too early to assess the new platform for overnight investment accounts, but through the first nine months of the year, account values have grown five times faster than they did the year before. Is there room for a replacement for traditional brokerage accounts? Overnight funds may have some appeal to people who don’t want the hassle of a regular trading account, or those who don’t want to deal with a bunch of fees on their regular trading account. They can lock up investment assets for an extended period of…

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DHL commits $70 million to expand healthcare supply chain

One more sign that American worker organizing is gaining momentum: DHL, the global delivery company, is expanding its role in the supply chain of healthcare providers, beginning with the U.S. nursing sector. After a decade of investing $150 million in U.S. supply chains, the company’s new plan totals $70 million in investments, with more coming, DHL announced this week. DHL will invest $20 million to expand its move-forward medical trailers from 50 to 140 locations (the move-forward medical trailers remove wait-lists for some patients and hasten delivery of supplies, reducing…

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British Pub Chains Rise as Johnson Allows Reopening in Early July

In a battle that has lasted months, the ownership of a number of British pub chains has finally broken the ice and allowed for reopening of breweries in a month’s time. Alcohol Policy Planning Officer (APPO) at the charity Alcohol Concern, Steve Hankinson, said: “The communities of England and Wales are better off with their local licensed, independently owned pubs. Now that owners are no longer prevented from creating jobs in their pubs, they have a responsibility to do all they can to attract new customers. “Pubs and bars also…

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Jones Lang LaSalle on Track to Re-Open Nearly 100 U.S. Offices by End of July

Sustainable New York recently checked in with San Francisco-based commercial real estate firm Jones Lang LaSalle on the state of the office market and the company’s progress to re-open several properties by the end of the month. In a world where all office space is being defined by its possibilities, Jones Lang LaSalle’s mission is to change office space as we know it. Creating flexible spaces to inspire work on whatever project or project we’re working on is a hallmark of a successful real estate business. It’s more than just…

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Simon Property Terminates Deal to Buy Taubman Centers

Simon Property Group has terminated its deal to acquire Taubman Centers, one of the largest office and retail landlord in the US. The US property company, that operates malls such as Americana at Brand and Oakbrook Center, will instead buy rival mall and shopping centre owner Macerich in a $13.6 billion deal. Closing on the Macerich deal is expected to take place early next year, a press release said. The timing of the deal is even stranger, because while Simon Property is now getting out of the American retail sector,…

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