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Vela’s second goal gives LAFC 2-2 draw at NYCFC

MLS: Los Angeles FC at New York City FC
Mar 17, 2019; New York, NY, USA; Los Angeles FC forward Carlos Vela (10) celebrates his goal against New York City FC during the first half at Yankee Stadium. Mandatory Credit: Vincent Carchietta-USA TODAY Sports

March 17, 2019

Carlos Vela scored his second goal of the game on a penalty kick in the 76th minute as visiting Los Angeles FC remained unbeaten by rallying for a 2-2 draw over winless New York City FC on Sunday afternoon at Yankee Stadium.

Vela helped LAFC improve to 2-0-1 by recording his fourth career two-goal game and scored on the penalty kick after NYCFC defender Ben Sweat took down Latif Blessing in the center of the box.

He scored his second goal of the season in the 42nd minute and then became the sixth player in the league to reach three goals.

Vela improved to 5-for-5 all-time on penalty kicks when he got NYCFC goalkeeper Sean Johnson to move to his left. As Johnson moved, Vela hammered the shot into the wide-open right side of the net.

LAFC nearly won the game right before stoppage time expired but Adama Diomande’s left footed shot from the center of the box sailed just wide.

Alexandru Mitrita scored his first goal with NYCFC in the 39th minute and Alexander Ring scored his second goal of the season in the 62nd minute.

Despite controlling possession for 61 percent of the match, NYCFC settled for its third straight tie in a physical game that featured 31 fouls and eight yellow cards.

LAFC goalkeeper Tyler Miller made four saves while Johnson stopped two shots.

NYCFC took a 1-0 lead when Mitrita avoided a tackle, sped past defender Jordan Harvey, made an inside move on Walker Zimmerman and lifted a right-footed shot from the right side of the box past Miller.

Two minutes later, Mitrita had a shot go off the crossbar.

Moments after Mitrita missed his second goal, LAFC tied the game by capitalizing on a turnover by NYCFC defender Maxime Chanot near midfield. Blessing gained possession and found a streaking Vela, who eluded Mitrita and lifted a left-footed shot from the right side of the box into the net.

Ring made it 2-1 when he hammered a right-footed shot inside the near post.

–Field Level Media

Source: OANN

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Elizabeth Warren defends capitalism as 'force for good,' splitting with Ocasio-Cortez

Elizabeth Warren has come to the defense of capitalism … sort of.

Sen. Warren, D-Mass., agreed that capitalism historically has been a “force for good” during an interview Wednesday on MSNBC’s “Morning Joe.”

The 2020 presidential candidate also referred to herself as a capitalist “down to [her] bones,” before saying regulations must be in place to make the system run smoothly.

“I believe in markets, I see the benefits that markets can produce,” she said. “When there's a cop on the beat, those markets start to work again."

CRITICS POUNCE AS WARREN SAYS SHE HAS 'ZERO' SYMPATHY FOR PARENTS IN COLLEGE ADMISSIONS BRIBE SCANDAL

"Banks, in that case, are forced to develop their profit models, not on cheating people, but on actually offering a better product.”

Warren added: “I think it also, when it doesn't work, it's been a force for bad, but that's been true of every form of government that we can identify. We've gotten it right sometimes, and we've gotten it wrong sometimes. When you let markets work with rules and with people on the beat to enforce those rules, we can produce a lot of wealth in this country.”

The Massachusetts Democrat’s comments run counter to some remarks made by members of her party recently, including Rep. Alexandria Ocasio-Cortez, D-N.Y.

Speaking at the SXSW conference last weekend, Ocasio-Cortez slammed capitalism as “irredeemable”.

SANDERS SAYS HIS IDEAS ARE NOW BEING INVOKED BY DEM CANDIDATES 'FROM SCHOOL BOARD TO PRESIDENT'

Sen. Elizabeth Warren, D-Mass., officially announced her 2020 presidential bid on Feb. 9.

Sen. Elizabeth Warren, D-Mass., officially announced her 2020 presidential bid on Feb. 9. (AP)

“The most important thing is the concentration of capital and it means that we seek and prioritize profit and the accumulation of money above all else and we seek it at any human and environmental cost. That is what that means. To me that ideology is not sustainable and cannot be redeemed,” she said.

”What we are reckoning with are the consequences of putting profit above everything else in society.”

The recent rise and dominance of a hard-left faction in the Democratic Party has opened the door for conservatives to sound warnings that the party is lurching toward "socialism."

TRUMP SLAMS DEMOCRATS FOR CAMPAIGNING ON 'SEDUCTIVE' SOCIALIST POLICIES

President Trump, in a new interview, tore into Democrats for campaigning on what he called “seductive” socialist policies despite potentially dire consequences.

“You always have to be very careful, because socialism is easy to campaign on but tough to govern on, because the country goes down the tubes,” Trump told conservative website Breitbart.

'PAWN STARS' HOST RICK HARRISON SLAMS SOCIALISM: 'THERE'S NO POINT IN WORKING HARD'

“But when you tell people free medical, free education, no more student loans—all of the different things that you say—it’s a great thing to campaign on, but then ten years later the country is down the tubes. It’s gone.”

The president then suggested the 2020 election could come down to a “referendum on socialism versus capitalism,” according to the website.

Trump’s remarks come shortly after Vice President Pence accused Democrats of openly advocating for socialism with policies such as "Medicare-for-all" and the Green New Deal -- a system he said had “impoverished millions of people around the world.”

Speaking at the Conservative Political Action Conference earlier this month, Pence said: “Under the guise of Medicare-for-all and a Green New Deal, Democrats are embracing the same tired economic theories that have impoverished nations and stifled the liberties of millions over the past century.

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“That system is socialism.”

Fox News' Adam Shaw contributed to this report.

Source: Fox News Politics

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Watch Live: Trump Rejects Rigging Of Census, Also Saves Obamacare

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Autonomous cars to quadruple vehicle software revenues to $1.2 trillion by 2030: Continental

FILE PHOTO: Elmar Degenhart, CEO of German tyre company Continental poses for the media before the annual news conference in Hanover
FILE PHOTO: Elmar Degenhart, CEO of German tyre company Continental poses for the media before the annual news conference in Hanover, Germany March 7, 2019. REUTERS/Fabian Bimmer/File Photo

April 2, 2019

STUTTGART (Reuters) – The need for advanced safety features in automated and autonomous cars will see vehicle software revenues more than quadruple to $1.2 trillion a year by 2030, the head of auto parts supplier Continental said on Tuesday.

Ensuring an autonomous car can avoid an accident will require it to process signals from radar, camera and laser sensors, leading to a massive increase in demand for sophisticated software, Elmar Degenhart, chief executive of Continental, one of the world’s biggest auto parts’ suppliers, said.

“Software competence is mission critical for successful car companies but the industry lacks scale in this competence,” Degenhart told the Auto Motor und Sport industry congress in Stuttgart, Germany on Tuesday.

Vehicle software currently generates annual revenues of $280 billion a year, he said.

The revenue growth potential and scarcity of software development skills at traditional car manufacturers makes technology companies outside the auto industry well placed to gain a foothold in the industry.

“Car companies are good at validation and homologation and lack software development skills, while software companies have the opposite problem,” Degenhart said.

“The IT industry has always valued speed of development more than perfecting the product, while the auto industry has tended to veer toward perfecting a product over rushing it out.”

Their approaches would become more aligned as the two industries cooperate more, he said.

“The software and the auto industry will have to work more closely together to develop autonomous vehicles and this will lead to a change in approach on both sides.”

Separately Continental said it is sticking to plans to prepare for a potential listing its powertrain division on the stock market this year.

(Reporting by Edward Taylor; Editing by Susan Fenton)

Source: OANN

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Business chief says delaying Brexit is an option for sanity

The head of one of Britain's biggest business organizations says Prime Minister Theresa May's decision to allow lawmakers to delay the country's exit from the European Union provides an "option on sanity."

May on Tuesday said Parliament will get the chance to delay Britain's scheduled March 29 departure if lawmakers fail to approve the divorce agreement with the bloc.

Confederation of British Industry head Carolyn Fairbairn told the BBC on Wednesday that neither business nor the government is ready to leave, and exiting without a deal would be "a wrecking ball on our economy."

Brexit Secretary Stephen Barclay refused to take the possibility of a no-deal Brexit off the table, however, telling the BBC: "It will be for Parliament to decide."

Source: Fox News World

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Oregon dominates second half to dispatch Wisconsin

NCAA Basketball: NCAA Tournament-First Round-Oregon vs Wisconsin
Mar 22, 2019; San Jose, CA, USA; Wisconsin Badgers forward Ethan Happ (22) shoots during the second half in the first round of the 2019 NCAA Tournament against the Oregon Ducks at SAP Center. Mandatory Credit: Kyle Terada-USA TODAY Sports

March 22, 2019

Oregon point guard Payton Pritchard had 19 points and nine assists, and Kenny Wooten dominated the paint with four blocks as the 12th-seeded Ducks beat Wisconsin 72-54 Friday in a first-round game in the South Region in San Jose, Calif.

Louis King scored 17, and Paul White added 14 — all in the second half — as Oregon (24-12) pulled away from the No. 5 Badgers after a 25-25 tie at halftime. Wooten, a springy 6-foot-9 forward, dunked three times en route to nine points and was key to slowing down Wisconsin star senior forward Ethan Happ.

Happ, facing constant double teams from a lengthy Oregon defense, ended his career with 12 points, eight rebounds and no assists — off his season averages of 17.5, 10.1 and 4.6, respectively. He made 5 of 10 shots and committed five turnovers.

Oregon won its ninth consecutive game and will play 13th-seeded UC Irvine in Sunday’s second round in San Jose. The Anteaters upset No. 4 Kansas State 70-64 earlier Friday for the first NCAA Tournament win in school history.

Oregon took a 12-point lead on Pritchard’s layup with 4:19 to go, and Wisconsin (23-11) couldn’t muster enough offense to rally against an Oregon defense that is allowing 54.2 points per game during its winning streak.

Wisconsin guard Khalil Iverson, a senior, scored 12 points, including his first 3-pointer since the 2016-17 season.

Wooten dunked on back-to-back possessions early in the second half — one on a put-back and the other on a lob — as part of an 11-2 run that netted Oregon a 39-33 lead.

About four minutes later, Wooten teamed with White to block a shot from Happ in the lane, jawed a bit about it as he ran down the court and then dunked off a lob from Pritchard on a pick-and-roll. Oregon led 46-37 with 12:39 to go.

Oregon held Wisconsin to 33.3 percent shooting (20 of 60) while making 54.9 percent (28 of 51) of their own attempts from the field.

The game was a defensive slugfest in the first half, as the teams went into halftime tied at 25. Wisconsin knotted the game with four seconds left when Iverson took a cross-court pass from D’Mitrik Trice and drove for a two-handed slam that just beat the shot clock.

Pritchard scored 12 points in the first 20 minutes.

–Field Level Media

Source: OANN

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Analysts expect China to cut bank reserve ratios soon

FILE PHOTO: Headquarters of the PBOC, the central bank, is pictured in Beijing
FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee

April 2, 2019

SHANGHAI (Reuters) – China’s central bank is expected to cut banks’ cash reserve requirements again soon to bolster financial system liquidity as it looks to support the slowing economy, analysts said, as market speculation over another policy move grows.

Liquidity conditions in China’s banking system usually tighten in April as companies make first-quarter tax payments, boosting demand for cash and sucking funds out of the market.

But China watchers say Beijing will be keen to reduce the risk of any financing crunches, especially amid early signs that a spate of economic support measures in recent months are starting to take hold.

A marked tightening in liquidity could run the risk of pushing up interbank money rates, which the PBOC has been guiding lower to reduce strains on corporate balance sheets. Expectations of more stimulus have also been a major driver behind a sharp rally in China’s stock markets this year that is attracting more local and foreign investors.[.SS]

Market participants expect tax payments, the issuance of local government bonds and the maturing of medium-term lending facility (MLF) loans to drain more than 1 trillion yuan ($148.77 billion) in liquidity this month.

That has prompted growing market chatter over when the PBOC will reduce banks’ reserve requirement ratios (RRR) next to make up the funding gap, after five cuts over the past year.

On Friday, chat groups on China’s popular social media platform WeChat shared what appeared to be a paragraph pasted from a story by the official Xinhua news agency saying that the People’s Bank of China had announced a cut in the reserve requirement ratio (RRR), to take effect on April 1.

In a post to its official account on China’s Twitter-like Weibo service, the PBOC denied the reports. On Tuesday morning, the PBOC went further, saying it had asked police to investigate.

MAINTAINING CALLS FOR A CUT​​​​

For a market accustomed to seeing the central bank ignore such rumors, its quick response came as a surprise. But many market watchers nevertheless say market conditions continue to point to an imminent cut.

Iris Pang, Greater China economist at ING, said the PBOC’s reaction showed it is becoming more sensitive to market speculation and movements.

“The timing of the RRR cut is important to interbank interest rate movements, it is therefore (necessary that) the central bank clarify quickly,” Pang said, maintaining her call for an RRR cut in the first two weeks of this month.

Raymond Yeung, chief economist for Greater China at ANZ, is also keeping his forecast unchanged.

“We believe that the PBOC will cut the RRR again in mid-April. Based on our research on liquidity conditions, an RRR cut is still needed. We will not change our expectations for the RRR cut just because of this announcement,” Yeung said.

The state-run Economic Information Daily on Tuesday reported Sheng Songcheng, a former PBOC official, as saying that he sees room to lower the reserve ratio further, and that such a move is possible, but it would require an assessment of current economic conditions and overall financial market liquidity.

“(The central bank) will first gauge economic data from the first quarter to decide whether to cut the RRR. If indicators suggest the economy has already stabilized or is about to stabilize, the necessity of lowering the RRR is not huge,” Sheng was quoted as saying.

Activity in China’s vast manufacturing sector unexpectedly returned to growth in March, both official and private business surveys showed this week.

But analysts cautioned it is too early to tell if the economy is stabilizing, and further support is likely to be needed to produce a sustainable turnaround.

March data will be released around mid-April with first-quarter GDP on April 17.

Huge amounts of medium-term loans coming due in the second quarter could change the bank’s calculus.

“The chance (of an RRR cut) is still there for April to make up the loss from the maturing MLFs,” said Tommy Xie, economist at OCBC Bank in Singapore.

But Xie noted recent comments from PBOC Governor Yi Gang had tempered market expectations somewhat.

Yi said in March that there is still some room for the PBOC to cut RRRs, but less than a few years ago when ratios were much higher.

Following Yi’s comments, some analysts such as ING’s Pang have trimmed forecasts for the size of each future cut to 50 basis points from 100 bps.

A batch of 366.5 billion yuan worth of MLF loans is set to expire on April 17, and a total of 1.1855 trillion yuan worth of the loans are due to mature in the second quarter, according to Reuters calculations based on official data.

The PBOC cut the RRR in early January and used freed-up funds to repay MLF loans in the first quarter of 2019.

($1 = 6.7216 Chinese yuan)

(Reporting by Winni Zhou and Andrew Galbraith; Editing by Kim Coghill)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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FILE PHOTO: Ford logo is seen at the North American International Auto Show in Detroit, Michigan
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo

April 26, 2019

(Reuters) – Ford Motor Co said on Friday the U.S. Department of Justice had opened a criminal investigation into the automaker’s emissions certification process in the United States.

The potential concern does not involve the use of defeat devices, the company said in a regulatory filing. (https://bit.ly/2VqjHpl)

Ford had voluntarily disclosed the matter to the U.S. Environmental Protection Agency and the California Air Resources Board in February.

(Reporting by Ankit Ajmera in Bengaluru; Editing by James Emmanuel)

Source: OANN

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