WILMINGTON, MA — Below is a round-up of what’s going on in Wilmington on Friday, May 18, 2018:Happening Today:Weather: Partly sunny, with a high near 59. Northeast wind 11 to 13 mph, with gusts as high as 23 mph.At Wilmington Public Schools: The Wilmington High School’s Lamplighters’ Drama Guild presents “The Addams Family: A New Musical Comedy!” You have three opportunities to catch this family-friendly show. ‘The Addams Family” will run on Friday, May 18 at 7pm; Saturday, May 19 at 1pm; and Saturday, May 19 at 7pm in the Wilmington High School Auditorium. Tickets to this popular musical costs $10 for students & senior citizens and $15 for adults. Tickets are available online at http://www.WilmingtonCATS.org and will be sold at the door. Reserved seating only. Learn more HERE. … The 4th Grade Night Out takes place from 6pm to 8pm at the North.In The Community: The Abundant Life Christian School’s Drama Club presents “Treasure Island” this Thursday, May 17 at 7pm and Friday, May 18 at 7pm at the school (173 Church Street). Tickets cost just $6 and can be purchased at the door.At The Library: Needleworkers meet at 10am. Drop-In Story Time at 10am. [Learn more and register HERE.]At The Senior Center: Video Exercise at 10am. Special Exercise at 11am. Bingo at 1pm. Cards at 1:30pm. [Learn more HERE.]Go Wildcats!: 7 Wilmington High School teams are in action today. See the complete schedule HERE.Live Music: Pacific Grove (211 Lowell Street) is hosting karaoke with Winnell Entertainment beginning at 8pm.(NOTE: What did I miss? Let me know by commenting below, commenting on the Facebook page, or emailing email@example.com. I may be able to update this post.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email firstname.lastname@example.org.Share this:TwitterFacebookLike this:Like Loading… RelatedThe Wilmington Insider For May 19, 2018In “5 Things To Do Today”The Wilmington Insider For March 24, 2018In “5 Things To Do Today”The Wilmington Insider For March 23, 2018In “5 Things To Do Today”
Lenovo Smart Clock: $59.99 (save $20) Now playing: Watch this: Google Nest Hub: $59 (save $70) $299 at Amazon Rylo $999 Best Buy 1 See It $999 $999 JBL Soundgear wearable speaker: $90 (save $160) $999 CNET may get a commission from retail offers. See It Apple AirPods with Wireless Charging Case: $155 (save $45) Mobile,I’m shocked — shocked! — to learn that stores are turning Labor Day into an excuse to sell stuff. Wait — no, I’m not. As much as I respect the original intent of the holiday (which became official back in 1894), to most of us, it’s just a bonus day off — one that’s blissfully tacked onto a weekend. So, yeah, stores; go ahead, run your sales. I’m listening. Perhaps unsurprisingly, Labor Day doesn’t bring out bargains to compete with the likes of Black Friday (which will be here before you know it), but there are definitely some sales worth your time.For example:We’ve rounded up the best Labor Day mattress deals.We’ve also gathered the best Labor Day laptop deals at Best Buy.The 2019 Vizio P Series Quantum is back under $999.Be sure to check out Amazon’s roughly three dozen Labor Day deals on TVs and audio. Google Express is having a big sale as well, one that includes deals on game consoles, AirPods, iPhones, laptops and more.Below I’ve rounded up a handful of individual items I consider to be the cream of the crop, followed by a handy reference guide to other Labor Day sales. Keep in mind, of course, that products may sell out at any time, even if the sale itself is still running. Note that CNET may get a share of revenue from the sale of the products featured on this page. $833 See It Sarah Tew/CNET Recently updated to include digital-photo-frame capabilities, the Lenovo Smart Clock brings Google Assistant goodness to your nightstand. It’s a little smaller than the Amazon Echo Show 5, but also a full $30 less (and tied with Prime Day pricing) during this Best Buy Labor Day sale. Free Echo Dot with an Insignia or Toshiba TV (save $50) HP Laptop 15t Value: $520 (save $780) Angela Lang/CNET What’s cooler: A snapshot of a firework exploding in front of you, or full 360-degree video of all the fireworks and all the reactions to seeing them? Oooh, ahhh, indeed. At $250, the compact Rylo dual-lens camera is selling for its lowest price yet. And for an extra $50, you can get the bundle that includes the waterproof housing.This deal runs through Sept. 3; it usually costs $500. The Galaxy S10’s batch of preinstalled apps will include Spotify. SOPA Images/ Getty Images If you buy a new Samsung phone, you’ll get the Spotify app too.Spotify said Friday that its app will come preinstalled on “millions” of new Samsung devices, including the Galaxy S10, S10 Plus and S10E released Friday. New Galaxy owners could also get six months of free Spotify Premium. Spotify noted that you’re ineligible if you’ve already used Spotify Premium or its Unlimited service or previously had a free trial. The offer is another piece of Spotify’s partnership with Samsung. The two companies started working together in August, and Spotify was deemed Samsung’s go-to music provider. The Spotify app will also come preinstalled on the Galaxy Fold, set to debut April 26, and the Galaxy S10 5G, set for release in the summer. See It CNET may get a commission from retail offers. Use promo code 19LABOR10 to get an unusually good deal on JBL’s interesting hybrid product — not quite headphones, and not quite a traditional speaker, but something you wear like neckphones to listen to music on the go. Turo: Save $30 on any car rental Spotify and most other streaming services rely on compressed audio, which robs the listener of full fidelity. Enter Tidal, the only “major” service that delivers lossless audio — meaning at least on par with CD quality, if not better. Want to see (er, hear) the difference for yourself? Grab this excellent extended trial while you can. It’s just $6 for three months, and it’s good for up to six listeners. DJI’s answer to GoPro’s action cameras is rugged little model that’s shockproof, dustproof and waterproof down to 11 meters. It normally runs $350, but this deal drops it to $261 when you apply promo code 19LABOR10 at checkout. Preview • iPhone XS is the new $1,000 iPhone X $6 at Tidal Sarah Tew/CNET Turo Comments DJI Osmo Action camera: $261 (save $89) How To • How to take badass car photos with your Galaxy S10 Plus $90 at Daily Steals via Google Express Share your voice See It Sarah Tew/CNET The Galaxy S10 is fantastic $261 at Daily Steals via Google Express Other Labor Day sales you should check out Best Buy: In addition to some pretty solid MacBook deals that have been running for about a week already, Best Buy is offering up to 40% off major appliances like washers, dryers and stoves. There are also gift cards available with the purchase of select appliances. See it at Best BuyDell: Through Aug. 28, Dell is offering an extra 12% off various laptops, desktops and electronics. And check back starting Aug. 29 for a big batch of Labor Day doorbusters. See it at DellGlassesUSA: Aug. 29 – Sept. 3 only, you can save 65% on all frames with promo code labor65. See it at GlassesUSALenovo: The tech company is offering a large assortment of deals and doorbusters through Labor Day, with the promise of up to 56% off certain items — including, at this writing, the IdeaPad 730S laptop for $700 (save $300).See it at LenovoLensabl: Want to keep the frames you already love and paid for? Lensabl lets you mail them in for new lenses, based on your prescription. From now through Sept. 2 only, you can save 20% on the blue light-blocking lens option with promo code BLOCKBLUE. See it at LensablSears: Between now and Sept. 7, you can save up to 40% on appliances (plus an additional 10% if you shop online), up to 60% on mattresses, up to 50% on Craftsman products and more. The store is also offering some fairly hefty cashback bonuses. See it at SearsNote: This post was published previously and is continuously updated with new information.CNET’s Cheapskate scours the web for great deals on tech products and much more. For the latest deals and updates, follow the Cheapskate on Facebook and Twitter. Questions about the Cheapskate blog? Find the answers on our FAQ page, and find more great buys on the CNET Deals page. Read Lenovo Smart Clock review Comment Read Google Home Hub review Sarah Tew/CNET Boost Mobile Lenovo 130-15AST 15.6-inch laptop: $210 (save $90) The problem with most entry-level laptops: They come with mechanical hard drives. That makes for a mighty slow Windows experience. This Lenovo model features a 128GB solid-state drive, so it should be pretty quick to boot and load software, even with its basic processor. Plus, it has a DVD-burner! That’s not something you see in many modern laptops, especially at this price. Best Buy Sprint See at Amazon Tidal 3-month family subscription: $5.99 (save $54) $155 at Google Express Tags An Echo Dot makes a fine match for any Fire edition TV, because you can use the latter to say things like, “Alexa, turn on the TV.” Right now, the 24-inch Insignia Fire TV Edition starts at just $100, while the 32-inch Toshiba Fire TV Editions is on sale for $130. Just add any Fire TV Edition to your cart, then add a third-gen Echo Dot, and presto: The latter is free. $59 at eBay Turo is kind of like Uber meets Airbnb: You borrow someone’s car, but you do all the driving. I’ve used it many times and found it a great alternative to traditional car-rental services — in part because you get to choose exactly the vehicle you want (not just, say, “midsize”) and in part because you can often do pickup and dropoff right outside baggage claim.Between now and Sept. 1, the first 300 people to check out can get $30 off any Turo rental with promo code LDW30. I thought this might be a mistake, but, no, the weirdly named HP Laptop 15t Value is indeed quite the value at this price. Specs include an Intel Core i7 processor, 12GB of RAM, a 256GB solid-state drive and a 15.6-inch display. However, I strongly recommend paying an extra $50 to upgrade that display to FHD (1,920×1,080), because you’re not likely to be happy with the native 1,366×768 resolution. Rylo 5.8K 360 Video Camera: $250 (save $250) TVs Speakers Mobile Accessories Cameras Laptops Automobiles Smart Speakers & Displays Abt Electronics News • Samsung Galaxy S10 Plus to be used to film entire Tonight Show episode Though not technically a Labor Day sale, it’s happening during Labor Day sale season — and it’s too good not to share. Nationwide Distributors, via Google Express, has just about the best AirPods deal we’ve seen (when you apply promo code ZBEDWZ at checkout). This is for the second-gen AirPods with the wireless charging case. Can’t imagine these will last long at this price, so if you’re interested, act fast. Read DJI Osmo Action preview Review • Galaxy S10 Plus braces for Galaxy Note 10 impact Tags Apple iPhone XS Chris Monroe/CNET Mentioned Above Apple iPhone XS (64GB, space gray) $999 See it $210 at Best Buy $999 5:14 See at Turo Share your voice $60 at Best Buy $999 Formerly known as the Google Home Hub, Google’s Nest Hub packs a wealth of Google Assistant goodness into a 7-inch screen. At $59, this is within a buck of the best price we’ve seen. It lists for $129 and sells elsewhere in the $89-to-$99 range.This is one item of many available as part of eBay’s Labor Day Sale (which, at this writing, doesn’t specifically mention Labor Day, but that’s how it was pitched to us). 7 Mentioned Above Samsung Galaxy S10 Plus (128GB, prism black) Sprint Samsung Galaxy S10 Plus $520 at HP Read the AirPods review Read the Rylo camera preview See It See it Best laptops for college students: We’ve got an affordable laptop for every student. Best live TV streaming services: Ditch your cable company but keep the live channels and DVR. The Cheapskate Review • iPhone XS review, updated: A few luxury upgrades over the XR Amazon
With 36% market share, Korean electronics giant Samsung leads the pack of top mobile handset brands in India, a market survey has found.Micromax, with 22.5% share, is second in the segment, according to a qualitative survey done by Android manager app MoboMarket.MoboMarket is an Android app store developed by Chinese web services company Baidu Inc. with over 13 million frequent users worldwide.”The purpose of this research is to gain insight into the current app market situation and trends in the mobile market in India and to provide a comprehensive picture of mobile user behaviour in India,” a statement from MoboMarket said.Samsung and Micromax account for almost 60% market share in both Q2 and Q3, which indicates that India has both wide market potential and formidable constraints for new coming brands.The growth in the smartphone market was helped by vendors using online retail, or eTail, to penetrate the market, the survey found.The survey also revealed that gaming apps lead the category followed social, video and system tool respectively.
TencentReutersEducation technology startup Byju’s is clearly on a roll. The online tutoring firm has hit headlines several times in the last few weeks and now has landed a fundraising deal with Chinese internet giant Tencent Holdings Limited. The firm already has a list of renowned investors such as the Chan Zuckerberg initiative and Sequoia Capital.While the exact value of the investment has not been revealed, a source told TechCrunch that the amount could be in the range of Rs 5,000 crore ($800 million). Tencent, which already invests in Indian firms such as Flipkart, Practo and Hike, seems impressed with the way Byju has been growing and functioning to emerge as a market leader.”BYJU’S has emerged as the clear leader in the Indian education-tech sector. We share BYJU’S mission of transforming education by creating personalized learning experiences for students,” Hongwei Chen, executive director of investment and M&A at Tencent, said, according to TC.Tencent’s funding is set to help Byju in product development for existing as well as new markets. “This makes our strong investor portfolio even more diverse. At Byju’s, we have been fortunate to have investors who have always played a crucial role as partners in our growth story. With increased brand awareness and strong adoption amongst students, this year we expect the revenue to double again and we will be profitable on a full year basis,” the Economic Times quoted Byju Raveendran, founder of Byju’s as saying.The firm, which started operations in 2011, has witnessed a funding of over $200 million before Tencent’s investment. While Sequoia invested $75 million last March, the Chan Zuckerberg initiative put in $50 million in the company. Later, the World Bank’s IFC fund invested about $15 million in December.Apart from the fundraising spree, Byju’s has also been in the news for its acquisitions. Earlier this month, the online tutoring firm acquired TutorVista and Edurite from global education brand Pearson Plc. While the acquisition is said to be big, the deal value is yet to be disclosed.”This partnership will enhance our product offerings and give us access in some of the new markets when we launch our international products. We are excited to work with the talented and experienced team who will come on-board as a part of this acquisition,” Live Mint quoted Raveendran as saying. 80 Strand Shell Mex House in London, the headquarters of PearsonWikiCommons/DavidJones”We strongly believe that a product like ours can change the way students learn all across the world. Today, with a wider bandwidth, we have started creating similar products for the international markets that further boost our reach as well as product portfolio.”While Bangalore-based TutorVista acquired Edurite in 2007, Pearson acquired a stake in TutorVista in 2009 and bought the entire stake in February 2013.
UK pay TV operator Sky is to create a dedicated channel for the ICC Cricket World Cup, transforming its existing Sky Sports 2 channel to Sky Sports World Cup for the six weeks duration of the tournament. Sky Sports will broadcast over 1,000 hours of round the clock cricket coverage, including all 49 matches live, as well as build-up, analysis and highlights, the company said.The channel will launch on Friday February 13 at 06:00, kicking off with a series of classic World Cup matches from years gone by.The channel will be available on mobile, laptop and selected tablet devices via Sky Go. Sky will also present a dedicated World Cup section on skysports.com.“The Cricket World Cup is the one of the world’s biggest sporting events, offering six weeks of rivalry between 14 nations. By dedicating a whole channel to the tournament, fans know that there’s only once place to watch all of the action live, catch up with highlights and enjoy the reaction and views of our experts. This is the biggest ever year of cricket on Sky Sports and the channel will help to make sure it’s our best yet,” said Barney Francis, Sky Sports managing director.
By Vedran Vuk, Casey Research Recently, my parents were considering purchasing some real estate. As the financial professional in the family, they asked me, “What do you think? Will it go up in value? You know… not now, but eventually?” I’ve heard the same thing over and over again. In response, I shared my opinion: “Would you pay the current market price to live there even if its value never increased?” If the answer is yes, buy the property.” Essentially, is the house worth it as a home, not as an investment? In the past few decades, the concept of home ownership has been completely turned on its head. Previously, homes were considered a very long-term consumption good. Do you think anyone in the 18th, 19th, and prior centuries ever considered tripling the value of their homes by retirement time and selling them to move beachside? In the vast majority of cases, such ideas never crossed their minds. Yet, somehow along the way, this became a reasonable investment expectation. Even today, home buyers still make their purchases with the hopes of escalating prices. But are homes really wise investments? Consider the difference between your house and an investment such as Apple (NASDAQ: AAPL) stock. At a major company, the opportunities can be truly limitless. Apple can produce cashflows from computers, iPods, iPads, and future innovations that are just dreams and concepts today. If the local market is oversaturated, Apple has the option of spreading out all across the world. As a result, Apple’s stock price has gone from $17 in 2005 to $540 today. Can your house do the same? Unless there’s a hyperinflation ahead or your house is located in the New York City or London of the 21st century, the answer is no. Why? Because your house is ultimately a product – and products have an upper bound to their prices. To understand this difference, there’s no need to drag out the Case-Shiller Index or analyze complex statistics. Suppose one bought a single-family house over a decade ago for $200K. At the peak of the housing bubble, the price reached $500K; to his joy, the owner sold it and moved thereafter to retire in Florida. Can the house’s price go higher from here? With Apple, the stock price can just keep climbing with greater profits and innovations. But is that true with real estate? For the sake of argument, let’s say that prices do keep rising. Eventually, the second owner sells to another buyer for $1 million a decade later. Guy number two also peacefully retires in bounty. Well, where does that leave the third guy? Unless real salaries make an incredible jump in the same time period, no one will be able to afford the home next. The median US worker earning $51K won’t be selling such a house for retirement; instead, it will take him until retirement to afford it. In many ways, this “investment” more closely resembles a Ponzi scheme. (Yes, Ponzi schemes work: for those who get in early and get out – as the recent real-estate bubble demonstrated.) Ultimately, there’s an upper bound to housing prices – they can’t continue rising perpetually with no end. The same is true of any product. At $300 for the newest iPod Touch, Apple might be doing well, but at $10,000 per unit, there likely would be very few buyers. As a homeowner, you’re not holding a company that can innovate, cut costs, and enter new markets. You’re ultimately holding a product which must be either sold to the next user or leased to the next renter. Houses are a good created for a specific use – to put a roof over one’s head. They are not magical money machines. Previous generations understood this very simple concept. One built a home as a place to live and escape the elements – and worse yet, the squalor of tenement housing. Homes were not retirement tools, but rather long-term goods. Unfortunately, policy makers still view homes as investments and are always worried about low prices. But is it really healthy to play another round of the same Ponzi scheme? Suppose the Fed manages to inflate housing prices again. There will be another boom in which some folks will make a tremendous amount of money. Eventually, housing prices will hit an unrealistic upper bound. Again, home prices will violently drop, resulting in homeowners deeper underwater than now. Of course, the banks will again take a hit as the mortgage holders. As long as real incomes trail the rise in housing prices, there will ultimately be a correction of some sort. So, do I think the current real estate market is just fine? No, of course not; but I don’t think shocking houses prices back into a bubbly stratosphere is the solution. Ideally, I’d like to see increasing housing prices, but only at the pace of real growth in society’s wealth. Over the last few decades, houses grew in value for good reasons and bad. On the good side, the economy had been expanding. On the bad side, the Fed’s low-interest-rate bubble artificially inflated housing prices beyond what made sense for our economy to sustain. If US companies such as Apple are creating greater abundance in society, it makes sense for housing prices to grow with greater wealth. But, bringing those prices higher on a wave of printed cash does not make us wise investors, but rather willing participants in a Ponzi scheme where someone else will be left holding the bag. Though that might be an attractive solution for those underwater on their mortgages, it’s no solution for the economy as a whole – nor for the next buyer. [Treating houses as investment vehicles – a strategy pushed by federal government policy – is one part of the complex conditions that have created the current American debt crisis. Start learning about it, so that you can be among those who not just survive, but thrive during the challenging times ahead.]
But the most important takeaway from these charts, besides the fact that the prices are being actively managed, is that there are no spike lows at any of the daily fixes—the two in gold and one in silver—to be found on either chart. It was the same in September as well. ‘Da boyz’—having been caught with their fingers in the cookie jar at the p.m. fix—have changed tactics, which is more than obvious in these charts. Here’s what the 5-year Intraday Average Gold Price Movement chart for gold looks like, complete with the spike lows at both the a.m. and p.m. fixes. And as you can see from the two charts above, this pattern has been replaced by something new—but the ‘fix’ is still in. Sponsor Advertisement Silver got taken to the woodshed at the Sunday night open—and was down almost 45 cents at its low, which came around 8:30 a.m. Hong Kong time. [This appeared to be a new low tick to the downside in silver, but the 6-month silver chart in The Wrap indicates otherwise.] From that point, silver rallied slightly into positive territory in a rather choppy fashion until the price got capped starting shortly before 1 p.m. EST. It got sold down a bit at that point—and back into negative territory—before trading sideways in the 5:15 p.m. close. The low and high tick were recorded as $16.22 and $15.74 in the December contract, which was an intraday move of more than 3 percent. Silver finished the Monday session at $16.145 spot, down 3 cents from Friday’s close. Net volume was very decent at 37,000 contracts, of which 9,000 or so came before the London open. I was happy to see the precious metal shares do as well as they did yesterday, so it’s obvious that there was some serious bottom fishing going on—and I’ll be more than interested to see how they perform going forward. And as I write this paragraph, the London open is twenty minutes away—and every rally attempt in gold during the Far East trading session got sold down before it could get very far—and a the moment the gold price is basically unchanged from Monday’s close in New York. As usual, silver got sold down at the open in New York on their Monday evening—and is still down about two bits on the day. Platinum got hit for $20 in the first couple of hours trading—and is still down 9 dollars at the moment. Palladium is back below the $800 mark at $796. Gold’s net volume is just over 27,000 contracts—and virtually all of it is in the December contract, so it’s a given that it’s mostly of the HFT variety. Silver’s net volume is already north of 7,000 contracts. The dollar index, which had been down a bit more than 20 basis points, hit its 87.08 low tick at exactly 1 p.m. Hong Kong time—and has been in rally mode ever since—and is only down 5 basis points at the moment. Here’s the U.S. Dollar Index chart for the first two hours or so of trading on Tuesday—and you can see the precise timing of the low tick, so you know that this wasn’t free-market forces at work. Uranium Energy Corp. (NYSE MKT: UEC) is pleased to announce that the final authorization has been granted for production at its Goliad ISR Project in South Texas. As announced in previous press releases, the Company received all of the required authorizations from the Texas Commission on Environmental Quality, including an Aquifer Exemption which has now been granted concurrence from EPA Region 6. Amir Adnani, President and CEO, stated, “We are very pleased to have received this final authorization for initiating production at Goliad. Our geological and engineering teams have worked diligently toward achieving this major milestone and are to be truly commended. We are grateful to the EPA for its thorough reviews and for issuing this final concurrence. The Company’s near-term plan is to complete construction at the first production area at Goliad and to greatly increase the throughput of uranium at our centralized Hobson processing plant.” Please contact Investor Relations with questions or to request additional information, email@example.com. The gold stocks traded around either side of unchanged until about 11:45 a.m. in New York—and then chopped higher into the close, with the HUI finishing the Monday trading session up 2.68%. Here’s Nick’s chart. There was some serious bottom fishing going on Gold got hammered right out of the gate at 6 p.m. on Sunday evening, hitting a new low for this move down in the spot market at 8 a.m. Hong Kong time. It rallied from there, hitting its high tick at the noon silver fix in London—and that was it for the day, as the price got sold down progressively lower during the New York trading session. The low and high ticks were reported by the CME Group as $1,173.40 and $1,161.00 in the December contract. Gold was closed at $1,165.30 spot, down $7.60 on the day. Net volume was very much on the lighter side at 108,000 contracts, with 30,000 of those coming before the London open. Platinum followed a similar pattern, with the low tick coming about 8:30 a.m. in Hong Kong, followed by the high of the day which came at the noon silver fix in London [1 p.m. Zurich time]—and from there it traded quietly lower in the close. Platinum was closed up 3 dollars on the day. I have a very decent number of stories for you today, so I hope you have the time to read the ones that interest you. There remain these two parallel universes: First, there’s “The Truman Show” world: Japan’s Kuroda has essentially nothing to do with the great U.S. bull market. It is instead driven by robust economic fundamentals, including strong GDP and corporate profits. The U.S. is simply the best place in the world to invest – and American equities are a friggin’ slam dunk, all-in buy. King Dollar is confirmation of all that is good in the U.S. But the alternative universe is a totally different world: Kuroda is one of a very select group of leading central bankers working desperately to sustain a runaway global financial Bubble. There’s an historic experiment in “money” printing that is at the brink of failure. Around the world there are speculative financial market Bubbles of unprecedented proportions at risk of bursting. History’s Greatest Credit Bubble already has serious cracks. Moreover, the incredible widening gap between (The Truman Show) securities prices and deteriorating (bursting Bubble) fundamental prospects boosts the likelihood of a global market accident. – Doug Noland, The Prudent Bear: 31 October 2014 It’s obvious that despite the lows of last Friday, that JPMorgan et al are still around, as they set a new low price tick for [spot] gold in early Far East trading on their Monday morning—and came very close in silver. Another of the ‘Big 6’ commodities that set a new low engineered price for this move down on Monday, was West Texas Intermediate Crude—and you can see that in its 6-month chart posted below. Today, at the 1:30 p.m. EST close of Comex trading, is the cut-off for this Friday’s Commitment of Traders Report—and as I pointed out in yesterday’s column, if we get through yesterday and today with no significant price moves to the upside in either gold or silver, the COT Report and companion Bank Participation Report should certainly be one for the record books. The Monday price action was more than helpful in that regard—and now we just have to get through today. Of course I’d be delighted if the precious metals blasted off regardless—and to hell with what these reports may or may not show—but since we’re this close, I’d be happy if they held off for another nine hours or so. Of course with both gold and silver this far below their respective 20, 50 and 200-day moving averages, the price could remain comatose for many weeks or months before the Managed Money traders are forced to cover as moving averages are penetrated to the upside. However, it could happen anytime for other reasons and, as always, the timing is unknown. And as I hit the send button on today’s column at 5:20 a.m. EST, gold is still chopping around unchanged—and silver has rallied a bit, but is still down 17 cents from yesterday’s close. Platinum is heading lower again—and almost back at the low it hit in early morning trading in the Far East. Palladium is about unchanged. The dollar index hasn’t changed much, either. I wish I knew what to expect for the remainder of the Tuesday trading session, but I haven’t a clue. So nothing will surprise me when I check the charts later this morning. See you tomorrow. The dollar index closed late on Friday afternoon in New York at 86.91—and then rallied in fits and starts up until its 87.40 high that came about ten minutes before the 1:30 p.m. close of Comex trading. From that point it chopped a few basis points lower into the close, finishing the Monday session at 87.29—up another 38 basis points. In silver, the October low tick came at 11:15 a.m. EDT—and the high tick was at shortly after 1 p.m. Hong Kong time/1:00 a.m. EDT. Palladium had a tiny down/up move on Sunday night as well, but from there it traded almost ruler flat until shortly before 10 a.m. in Zurich. From there it rallied to its high at the noon silver fix in London [1 p.m. Zurich time]—and from there it sold off a few bucks going into the London p.m. gold fix—and then traded ruler flat once again into the 5:15 p.m. EST close. Palladium finished the Monday trading session right on the $800 the ounce mark, up 9 bucks from Friday. It was the same story for the silver equities up until 10:45 a.m.—and then they took off as well, but rallied much more convincingly, with most of their gains coming by 1 p.m. EDT, which is the point at which the silver price ran into “all the usual suspects”. From there they traded flat into the close, as Nick Laird’s Intraday Silver Sentiment Index closed up a very decent 4.82%. The next photo is one that a reader sent me—and if you’re not familiar with this bird, it’s an Andean cock-of-the-rock. Here’s the New York Spot Silver [Bid] chart on it own so you can see the rather questionable price ‘action’ around 1 p.m. EDT. The CME Daily Delivery Report for Day 3 of the November delivery month showed that zero gold and 22 silver contracts were reported for delivery within the Comex-approved depositories on Wednesday. The link to yesterday’s Issuers and Stoppers Report is here. The CME Preliminary Report for the Monday trading session showed that gold open interest in November is now 65 contracts, up ten contracts from yesterday’s report. Silver’s November o.i. increased by 14 contracts to 133 contracts, minus the 22 contracts posted for delivery tomorrow. There were no reported changes in GLD yesterday—and as of 7:36 p.m. EST yesterday, there were no reported changes in SLV, either. But when I was editing this column at 3:55 a.m. EST, I was amazed to see that an authorized participant had added another 1,150,108 troy ounces. As I sort of expected, there was another big sales report from the U.S. Mint to start off the new month. They sold 12,000 troy ounces of gold eagles—2,500 one-ounce 24K gold buffaloes—and 625,000 silver eagles. If I had to bet ten bucks, I’d bet on the fact that these sales were made on Friday, but were shoved into the new month. If they’d been included in October sales, they would have pushed silver eagles sales well over the 6 million mark—and further into record territory—and that would just never do, would it? There were no reported in/out movements in gold over at the Comex-approved depositories on Friday but, once again, there was very decent in/out activity in silver, as 592,820 troy ounces were reported received—and 912,591 ounces were shipped out the door. Virtually all of the activity was at the CNT Depository and Canada’s Bank of Nova Scotia. The link to the silver activity is here. Here are the 2-minute tick charts for the October intraday price movements for both gold and silver. Once you average out all 23 trading days in October, the underlying price pattern becomes obvious and, as is always the case, they both have ‘shape’ to them. A freely-traded commodity in anything would not have a chart pattern that looked like this. In gold, the low came exactly an hour after the 6 p.m. open in New York—and the high tick of the day came a minute or so after 12 o’clock noon Hong Kong time/midnight EDT in New York. The first photo is the current situation at the lava flow at Pāhoa Village on the ‘Big Island’ of Hawai’i. “A breakout occurred from an inflated lobe on Sunday morning, November 2, 2014. Scattered breakouts like this, which took place about 200 meters (218 yards) upslope of the stalled leading edge, have been common over the past few days—and are filling in low points behind the flow front.” I borrowed the photo and the text from the Hawai’ian Volcano Observatory website yesterday—and the ‘click to enlarge’ feature on this photo is worth using here.] And just for curiosity sake, here are the gold charts for the 23 trading days in October, with a different colour for each day—“rainbow spaghetti soup” is what Nick called it. It’s hard to believe from looking at the multicoloured mess below, that when the 2-minute ticks from each trading day are averaged out over the entire October trading month, that the price management scheme is laid bare—but it is. And it’s even more obvious in the 60-month/5-year rolling chart above.
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In this Sept. 12, 2017, file photo, Apple CEO Tim Cook, shows new Apple Watch Series 3 product at the Steve Jobs Theater on the new Apple campus in Cupertino, Calif. Cook is leaving shareholders in suspense about whether the iPhone maker will use its windfall from a tax cut on overseas profits for a big boost to its quarterly dividend. (AP Photo/Marcio Jose Sanchez, File) Apple’s next big thing will likely be a large dividend increase financed by a tax cut on its overseas profits, but the famously secretive company isn’t giving any clues about how big it might be. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Citation: Apple CEO leaves investors dangling on future dividend hike (Update) (2018, February 13) retrieved 18 July 2019 from https://phys.org/news/2018-02-apple-ceo-investors-dangling-future.html Explore further © 2018 The Associated Press. All rights reserved. CEO Tim Cook had an opportunity to address the issue Tuesday at Apple’s annual meeting, when a shareholder asked if the iPhone maker might double its current quarterly dividend of 63 cents per share.Not surprisingly, Cook dodged the question, rising from his seat because he said it suddenly felt “a little hot.” He all but guaranteed that Apple’s board will raise the dividend in April, as it has done each year since the company reinstated the shareholder payments in 2012. But didn’t giving any other specifics.Apple’s annual dividend increases have ranged from 8 to 15 percent since the payment was reinstated at a split-adjusted 38 cents per share nearly six years ago.Cook dismissed the possibility of a one-time payment known as a special dividend, saying he didn’t think that form of distribution “really helps the company or shareholders.”Before fielding eight shareholder questions during the 75-minute meeting, Cook also disclosed that Apple’s music streaming service now has 36 million subscribers as it nears the third anniversary of its debut. Spotify, the music streaming pioneer that Apple is trying to upstage, has more than 70 million subscribers.Apple is hoping to gain more ground on Spotify with an internet-connected speaker called the HomePod. The device is being touted as a high-fidelity speaker that can also serve as a digital disc jockey that learns listeners’ tastes so it can automatically play songs that they will like from Apple’s vast music-streaming library.Investors have been anticipating a substantial increase in Apple’s dividend since the company announced plans to take advantage of a temporary tax break championed by President Donald Trump to bring an estimated $245 billion in overseas cash back to the U.S. That represents most of the $285 billion in cash that Apple held at the end of last year.The hopes for a large dividend increase and a coinciding commitment to buy back large amounts of Apple stock has helped buoy the company’s shares. That despite a disappointing revenue forecast for the current quarter ending in March that stoked concerns about waning demand for the company’s marquee product, the iPhone X.None of the shareholders at the meeting pressed Cook about how the iPhone X is faring or about Apple’s handling of software updates that secretly slowed down older iPhones, triggering customer complaints and government inquiries inside and outside the U.S.The sweeping tax reforms passed by Congress in late December included a provision lowering the rate on companies’ overseas cash to 15.5 percent, below the 21 percent paid on profits made in the U.S. Before those changes, corporate profits held outside the U.S. were taxed at a 35 percent rate when brought back into the country—a levy that prompted Apple and other major tech companies such as Microsoft and Google’s corporate parent, Alphabet Inc., to amass huge sums of money in overseas accounts.Cook defended Apple when queried by a shareholder who wondered why a company that generated a $48 billion profit in its last fiscal year should benefit from reforms that some have derided as corporate welfare.He said the previous system was unfair because it imposed unreasonably high tax rates on overseas profits after Apple had already paid taxes on the money to foreign governments. If the rate on overseas profits had remained unchanged, Cook said Apple and other U.S. companies would have left the money sitting in foreign accounts.”This was so bad for America,” he said.Prodded by the lower rate on foreign profits, Apple will pay a $38 billion on its repatriated cash and use some of the money to hire 20,000 more U.S. workers and build a second corporate campus in the country to supplement its sprawling headquarters in Cupertino, California.”We are saying we would like to pay (the tax) and for paying we would like to use the residual profits to invest in this country,” Cook said. IBM boosting quarterly dividend by 16 percent
Explore further Dubbed the GAFA tax, an acronym for Google, Apple, Facebook and Amazon, the law will levy a 3% tax on total annual revenues of the largest tech firms providing services to French consumers US launches probe of France’s planned tech giants tax Citation: France passes law taxing digital giants in defiance of US anger (2019, July 11) retrieved 17 July 2019 from https://phys.org/news/2019-07-france-law-taxing-digital-giants.html “France is a sovereign state and it alone decides on its taxation mechanisms and it will continue to do so,” he said. Le Maire said he was warned about the investigation during a “long conversation” with US Treasury Secretary Steven Mnuchin on Wednesday, saying it was the first time such a step had been taken in the history of French-US relations.Last month, top G20 finance chiefs meeting in Japan agreed there was an urgent need to find a global system to tax internet giants like Google and Facebook but clashed over how to do it.The issue now risks overshadowing a meeting of G7 finance minister outside Paris next week which is supposed to prepare the summit of leaders hosted by President Emmanuel Macron in August.’Protectionist taxes’Washington has been pushing through the G20 for an overarching agreement on taxation.Such a move is supported by Google which believes it would mean Silicon Valley tech giants would pay less tax in the US and more in other jurisdictions, in a departure from the longstanding practice of paying most taxes in a company’s home country.The Section 301 probe will hold hearings to allow for public comment on the French tax issue for several weeks before issuing a final report.The move was applauded by the Computer & Communications Industry Association which said the French law would retroactively require US internet giants to turn over a percentage of their revenues from the start of 2019. “This is a critical step toward preventing protectionist taxes on global trade,” CCIA official Matt Schruers said in a statement, calling on France “to lead the effort toward more ambitious global tax reform, instead of the discriminatory national tax measures that harm global trade.”A finance ministry spokesman for Ireland indicated Dublin remained opposed to unilateral arrangements, saying the challenges were best addressed within the Organisation for Economic Cooperation and Development (OECD).There was no immediate comment from the GAFA companies. France’s parliament on Thursday passed a law making it the first major economy to impose a tax on digital giants, defying a probe ordered by an angry US President Donald Trump that could trigger reprisal tariffs. © 2019 AFP The new law aims at plugging a taxation gap that has seen some internet heavyweights paying next to nothing in countries where they make huge profits as their legal base is in smaller EU states.The legislation—dubbed the GAFA tax in an acronym for Google, Apple, Facebook and Amazon—was passed by a simple show of hands in the Senate upper house after it was agreed by the National Assembly lower chamber earlier this month.But the French move drew an angry response from the White House even before the legislation was passed, with Trump ordering an investigation unprecedented in the history of French-US relations. The law will levy a 3.0 percent tax on revenues generated from services to French consumers by the largest tech firms.The adoption of the law came as Britain unveiled draft legislation for a tax on digital giants, that would amount to 2.0 percent and reflect “the value derived from their UK users”, the British government said.Google, Apple and Facebook have their European headquarters in Ireland, where they pay some of the EU’s lowest corporate tax rates despite earning the bulk of their European revenues in Britain, France and Germany.Amazon’s European base is Luxembourg, another low-tax jurisdiction. Ireland, Luxembourg and other small EU members have been active in thwarting efforts to impose an EU-wide digital tax, hastening go-it-alone efforts by France, Britain and others.’Not though threats’The so-called Section 301 investigation is the primary tool the Trump administration has used in the trade war with China to justify tariffs against what the United States says are unfair trade practices.US Trade Representative Robert Lighthizer said in a statement ahead of the adoption of the French law that Washington was “very concerned” it would “unfairly” target American companies.But French Economy Minister Bruno Le Maire France rejected the US reaction, saying “threats” were not the way to resolve such disputes.”Between allies, I believe we can and must resolve our differences in another way than through threats,” he told the French Senate ahead of the vote. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
Published on TRS vote share increases to 47 per cent, up from 34 per cent in 2014 SHARE SHARE EMAIL Telangana January 06, 2019 politics Telangana legislative Assembly has been convened for a four day session beginning January 17. The new Legislative Assembly has been convened during the auspicious days of Uttarayana on Ekadasi Day, on Wednesday the January 17, 2019.A day before, on Dasami, January 16 at 5 pm, the senior most MLA-elect from Charminar Constituency Mumtaz Ahmed Khan will take oath as Pro-tem Speaker in Raj Bhavan. Governor ESL Narasimhan will administer the oath by the pro-tem speaker. From January 17, the Legislative Assembly sessions commence.Against the background of landslide victory given by the people to the Telangana Rashtra Samithi wherein it bagged 88 of the 119 seats, Chief Minister K Chandrasekhar Rao said TRS has decided to commence the Assembly proceedings during the auspicious Uttarayana days.On January 17, the Assembly proceedings will commence at 11.30 am presided over by the Pro-tem speaker. The newly elected MLAs will take oath one after another and the programme is likely to go on for about 2 hours. In the afternoon an official lunch will be hosted for the MLAs in the lawns of Council Hall in the Jubilee hall premises. The same day schedule of election to the speaker will be announced and the nomination process commences.On January 18, the speaker election and announcement will take place. As per pans, later Leader of the House and the Chief Minister, Leader of the Opposition and floor leaders of other political parties are expected to escort the newly elected Speaker to the Chair. Thereafter, the Assembly proceedings will continue with the newly elected Speaker in the Chair. The Speaker will conduct the Business Advisory Committee (BAC) meeting after the house is adjourned and will take a decision on the Governors Address on the following day.On January 19, the Governor will address the house. The next day the house will introduce motion of thanks to the Governor’s address and adopt the same. State Assembly K Chandrasekhar Rao COMMENT SHARE RELATED TRS promises Rythu Bandhu across country COMMENTS
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