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2020-09-09 10:43:55 -

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https://www.lmtonline.com/news/article/GOP-hits-Torres-Small-on-New-Green-Deal-she-says-15551912.php?utm_campaign=hpbusiness

GOP hits Torres Small on New Green Deal she says she opposes
RIO RANCHO, N.M. (AP) - Republicans have released another attack ad on Democratic U.S. Rep. Xochitl Torres Small in New Mexico's southern district even as she earns support from a traditionally conservative-leaning group. The National Republican Congressional Committee this week unveiled a new commercial blasting the Las Cruces Democrat's pledge to "work with anyone" while taking $175,000 in campaign contributions from what the committee calls radical environmental organizations. "Their socialist New Green Deal would kill New Mexico jobs," says a voice in the ad while showing pictures of Torres Small next to images of Democratic U.S. Rep. Alexandria Ocasio-Cortez of New York and U.S. Sen. Bernard Sanders of Vermont. The commercial urges New Mexico voters to support Republican challenger, Yvette Herrell. The League of Conservation Voters is among the groups the National Republican Congressional Committee is linking to Torres Small. The group came out in favor of the New Green Deal. The League of Conservation Voters Action Fund, the political action committee of the League of Conservation Voters, endorsed Torres Small in 2018. The New Green Deal is a nonbinding congressional resolution sponsored by Ocasio-Cortez in 2019 that calls on the federal government to move the nation away from oil and gas energy and reduce greenhouse gas emissions. The measure failed to garner a single vote in the U.S. Senate - that some Democrats said was a vote-call ploy by Republicans - and it never went before the full U.S. House of Representatives. Torres Small has said she opposes the New Green Deal and has angered some in her own party for refusing to endorse the resolution. She also told the Albuquerque Journal earlier this year that she has "consistently opposed a fracking ban" because of the effects it would...

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Laredo Morning Times shared a link
2020-09-09 10:43:55 -

https://www.lmtonline.com/news/article/GOP-hits-Torres-Small-on-New-Green-Deal-she-says-15551912.php?utm_campaign=hpbusiness

https://www.lmtonline.com/news/article/GOP-hits-Torres-Small-on-New-Green-Deal-she-says-15551912.php?utm_campaign=hpbusiness

GOP hits Torres Small on New Green Deal she says she opposes
RIO RANCHO, N.M. (AP) - Republicans have released another attack ad on Democratic U.S. Rep. Xochitl Torres Small in New Mexico's southern district even as she earns support from a traditionally conservative-leaning group. The National Republican Congressional Committee this week unveiled a new commercial blasting the Las Cruces Democrat's pledge to "work with anyone" while taking $175,000 in campaign contributions from what the committee calls radical environmental organizations. "Their socialist New Green Deal would kill New Mexico jobs," says a voice in the ad while showing pictures of Torres Small next to images of Democratic U.S. Rep. Alexandria Ocasio-Cortez of New York and U.S. Sen. Bernard Sanders of Vermont. The commercial urges New Mexico voters to support Republican challenger, Yvette Herrell. The League of Conservation Voters is among the groups the National Republican Congressional Committee is linking to Torres Small. The group came out in favor of the New Green Deal. The League of Conservation Voters Action Fund, the political action committee of the League of Conservation Voters, endorsed Torres Small in 2018. The New Green Deal is a nonbinding congressional resolution sponsored by Ocasio-Cortez in 2019 that calls on the federal government to move the nation away from oil and gas energy and reduce greenhouse gas emissions. The measure failed to garner a single vote in the U.S. Senate - that some Democrats said was a vote-call ploy by Republicans - and it never went before the full U.S. House of Representatives. Torres Small has said she opposes the New Green Deal and has angered some in her own party for refusing to endorse the resolution. She also told the Albuquerque Journal earlier this year that she has "consistently opposed a fracking ban" because of the effects it would...

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2020-09-09 10:43:54 -

https://www.lmtonline.com/business/article/Asian-shares-rise-as-US-set-to-reopen-from-Labor-15549079.php?utm_campaign=hpbusiness

https://www.lmtonline.com/business/article/Asian-shares-rise-as-US-set-to-reopen-from-Labor-15549079.php?utm_campaign=hpbusiness

Tech chills spill into Asia, as shares sink across region
Asian shares declined on Wednesday after a sell-off of big technology stocks on Wall Street pulled U.S. benchmarks lower. Crude oil prices and Treasury yields also weakened. Australia's benchmark led regional declines on Wednesday, losing more than 2%. Japan's Nikkei 225 fell 1.6%. Troubles with Astra-Zeneca's coronavirus vaccine trial and simmering China-U.S. tensions also have rattled investors. "At a minimum, the optimism balloon floated by vaccine hopes has sprung a sizable leak," Stephen Innes of AxiCorp. said in a commentary. Talk by President Donald Trump of "decoupling" the U.S. economy from China, as the presidential campaign heats up has ramped up uncertainty as Washington seeks to limit use of U.S. technology by Chinese companies, citing national security concerns. The relationship between the world's two largest economies has been on edge for years, and the antagonism threatens to further undermine global growth at a time when the coronavirus pandemic has pushed many countries into recession. Tokyo's Nikkei 225 lost 1.6% to 22,904.31 and the Hang Seng in Hong Kong dropped 1% to 24,390.21. Australia's S&P/ASX 200 tumbled 2.3% to 5,872.10 and the Shanghai Composite index shed 1.4% to 3,271.79. South Korea's Kospi fell 0.7% to 2,834.59. Among big losers in the technology sector were SoftBank Group Corp., which fell 5.%, Alibaba Group Holding, whose shares fell 2.5% in Hong Kong and semiconductor maker SMIC. which lost 2.7%. Shares also fell in Taiwan and most of Southeast Asia. Overnight, the S&P 500 fell 2.8% to 3,331.84, clinching its first three-day losing streak in nearly three months. Nearly 90% of all shares were lower. Apple, Microsoft and Amazon were among the Big Tech stocks to sink more than 4%, torpedoing broad market...

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Laredo Morning Times shared a link
2020-09-09 10:43:54 -

https://www.lmtonline.com/business/article/Asian-shares-rise-as-US-set-to-reopen-from-Labor-15549079.php?utm_campaign=hpbusiness

https://www.lmtonline.com/business/article/Asian-shares-rise-as-US-set-to-reopen-from-Labor-15549079.php?utm_campaign=hpbusiness

Tech chills spill into Asia, as shares sink across region
Asian shares declined on Wednesday after a sell-off of big technology stocks on Wall Street pulled U.S. benchmarks lower. Crude oil prices and Treasury yields also weakened. Australia's benchmark led regional declines on Wednesday, losing more than 2%. Japan's Nikkei 225 fell 1.6%. Troubles with Astra-Zeneca's coronavirus vaccine trial and simmering China-U.S. tensions also have rattled investors. "At a minimum, the optimism balloon floated by vaccine hopes has sprung a sizable leak," Stephen Innes of AxiCorp. said in a commentary. Talk by President Donald Trump of "decoupling" the U.S. economy from China, as the presidential campaign heats up has ramped up uncertainty as Washington seeks to limit use of U.S. technology by Chinese companies, citing national security concerns. The relationship between the world's two largest economies has been on edge for years, and the antagonism threatens to further undermine global growth at a time when the coronavirus pandemic has pushed many countries into recession. Tokyo's Nikkei 225 lost 1.6% to 22,904.31 and the Hang Seng in Hong Kong dropped 1% to 24,390.21. Australia's S&P/ASX 200 tumbled 2.3% to 5,872.10 and the Shanghai Composite index shed 1.4% to 3,271.79. South Korea's Kospi fell 0.7% to 2,834.59. Among big losers in the technology sector were SoftBank Group Corp., which fell 5.%, Alibaba Group Holding, whose shares fell 2.5% in Hong Kong and semiconductor maker SMIC. which lost 2.7%. Shares also fell in Taiwan and most of Southeast Asia. Overnight, the S&P 500 fell 2.8% to 3,331.84, clinching its first three-day losing streak in nearly three months. Nearly 90% of all shares were lower. Apple, Microsoft and Amazon were among the Big Tech stocks to sink more than 4%, torpedoing broad market...

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2020-09-09 10:43:53 -

https://www.lmtonline.com/business/article/As-California-burns-the-winds-arrive-and-the-15549043.php?utm_campaign=hpbusiness

https://www.lmtonline.com/business/article/As-California-burns-the-winds-arrive-and-the-15549043.php?utm_campaign=hpbusiness

Firefighters overtaken by flames in California mountains
SHAVER LAKE, Calif. (AP) - More than a dozen California firefighters trying to protect a fire station in rugged mountains were overrun by flames Tuesday, and several were hurt. Elsewhere, military helicopters rescued more than 150 people stranded in a burning forest. Fourteen firefighters deployed emergency shelters as flames overtook them and destroyed the Nacimiento Station in the Los Padres National Forest on the state's central coast, the U.S. Forest Service said. They suffered from burns and smoke inhalation, and three were flown to a hospital in Fresno, where one was in critical condition. The injuries came as wind-driven flames of more than two dozen major fires chewed through bone-dry California and forced new evacuations after a scorching Labor Day weekend that saw a dramatic airlift of more than 200 people. Pilots wearing night-vision goggles to find a place to land before dawn pulled another 164 people from the Sierra National Forest and were working to rescue 17 others Tuesday, Gov. Gavin Newsom said. "It's where training meets the moment, but it always takes the courage, the conviction and the grit of real people doing real work," said Newsom, who called the fires historic. California has already set a record with nearly 2.3 million acres (930,800 hectares) burned this year, and the worst part of the wildfire season is just beginning. The previous acreage record was set just two years ago and included the deadliest wildfire in state history, which was started by power lines and swept through the community of Paradise, killing 85 people. That 2018 blaze forced the state's largest utility, Pacific Gas & Electric, to seek bankruptcy protection and guard against new disasters by cutting power preemptively when fire conditions are exceptionally...

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Laredo Morning Times shared a link
2020-09-09 10:43:53 -

https://www.lmtonline.com/business/article/As-California-burns-the-winds-arrive-and-the-15549043.php?utm_campaign=hpbusiness

https://www.lmtonline.com/business/article/As-California-burns-the-winds-arrive-and-the-15549043.php?utm_campaign=hpbusiness

Firefighters overtaken by flames in California mountains
SHAVER LAKE, Calif. (AP) - More than a dozen California firefighters trying to protect a fire station in rugged mountains were overrun by flames Tuesday, and several were hurt. Elsewhere, military helicopters rescued more than 150 people stranded in a burning forest. Fourteen firefighters deployed emergency shelters as flames overtook them and destroyed the Nacimiento Station in the Los Padres National Forest on the state's central coast, the U.S. Forest Service said. They suffered from burns and smoke inhalation, and three were flown to a hospital in Fresno, where one was in critical condition. The injuries came as wind-driven flames of more than two dozen major fires chewed through bone-dry California and forced new evacuations after a scorching Labor Day weekend that saw a dramatic airlift of more than 200 people. Pilots wearing night-vision goggles to find a place to land before dawn pulled another 164 people from the Sierra National Forest and were working to rescue 17 others Tuesday, Gov. Gavin Newsom said. "It's where training meets the moment, but it always takes the courage, the conviction and the grit of real people doing real work," said Newsom, who called the fires historic. California has already set a record with nearly 2.3 million acres (930,800 hectares) burned this year, and the worst part of the wildfire season is just beginning. The previous acreage record was set just two years ago and included the deadliest wildfire in state history, which was started by power lines and swept through the community of Paradise, killing 85 people. That 2018 blaze forced the state's largest utility, Pacific Gas & Electric, to seek bankruptcy protection and guard against new disasters by cutting power preemptively when fire conditions are exceptionally...

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2020-09-09 10:43:53 -

https://www.lmtonline.com/news/article/Wall-Street-s-3-day-skid-a-reality-check-for-15551975.php?utm_campaign=hpbusiness

https://www.lmtonline.com/news/article/Wall-Street-s-3-day-skid-a-reality-check-for-15551975.php?utm_campaign=hpbusiness

Wall Street’s 3-day skid a reality check for runaway market
Wall Street's summer-long party fueled by investors' appetite for some of the world's best-known technology companies has come to an abrupt, if not entirely unexpected, halt. The sharp sell-off that began last Thursday has wiped out nearly 7.1% from the S&P 500 as of Tuesday, its first three-day skid in nearly three months. The Nasdaq composite, home to Apple, Amazon, Zoom, Tesla and many other tech stocks that led the market's remarkable five-month comeback from its lows in March, has lost more than 10% after setting an all-time high just four days ago - a decline known in the market as a correction. Call the last three trading sessions a reality check after what many analysts say was an overdone push by traders into technology companies, especially in August. "The bottom line is that this correction was long overdue and likely has more downside over the next few weeks (and) months as these positions are cleared out," Morgan Stanley analysts wrote in a research note Tuesday, noting technology stocks had a "parabolic move" last month. Tech stocks jumped 11.8% in August, the sector's best month since a 13.7% surge in April. Investors' craving for technology companies was fueled by low interest rates, customers stuck at home while the pandemic raged, and efforts by the U.S. government to support out-of-work Americans. An improving outlook for corporate profits has also kept traders in a buying mood. Wall Street also got a big boost from the Federal Reserve, which has taken unprecedented actions to keep markets running smoothly and also encourage borrowing by keeping interest rates extremely low. Meanwhile, a surge in trading in options contracts, which give investors the right to buy or sell hundreds of thousands of shares of stock at a time,...

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Laredo Morning Times shared a link
2020-09-09 10:43:53 -

https://www.lmtonline.com/news/article/Wall-Street-s-3-day-skid-a-reality-check-for-15551975.php?utm_campaign=hpbusiness

https://www.lmtonline.com/news/article/Wall-Street-s-3-day-skid-a-reality-check-for-15551975.php?utm_campaign=hpbusiness

Wall Street’s 3-day skid a reality check for runaway market
Wall Street's summer-long party fueled by investors' appetite for some of the world's best-known technology companies has come to an abrupt, if not entirely unexpected, halt. The sharp sell-off that began last Thursday has wiped out nearly 7.1% from the S&P 500 as of Tuesday, its first three-day skid in nearly three months. The Nasdaq composite, home to Apple, Amazon, Zoom, Tesla and many other tech stocks that led the market's remarkable five-month comeback from its lows in March, has lost more than 10% after setting an all-time high just four days ago - a decline known in the market as a correction. Call the last three trading sessions a reality check after what many analysts say was an overdone push by traders into technology companies, especially in August. "The bottom line is that this correction was long overdue and likely has more downside over the next few weeks (and) months as these positions are cleared out," Morgan Stanley analysts wrote in a research note Tuesday, noting technology stocks had a "parabolic move" last month. Tech stocks jumped 11.8% in August, the sector's best month since a 13.7% surge in April. Investors' craving for technology companies was fueled by low interest rates, customers stuck at home while the pandemic raged, and efforts by the U.S. government to support out-of-work Americans. An improving outlook for corporate profits has also kept traders in a buying mood. Wall Street also got a big boost from the Federal Reserve, which has taken unprecedented actions to keep markets running smoothly and also encourage borrowing by keeping interest rates extremely low. Meanwhile, a surge in trading in options contracts, which give investors the right to buy or sell hundreds of thousands of shares of stock at a time,...

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2020-09-09 10:43:52 -

https://www.lmtonline.com/news/article/Tech-chills-spill-into-Asia-as-shares-sink-15552066.php?utm_campaign=hpbusiness

https://www.lmtonline.com/news/article/Tech-chills-spill-into-Asia-as-shares-sink-15552066.php?utm_campaign=hpbusiness

European shares open higher after bleak day in Asia
European stocks and U.S. futures advanced Wednesday after a day of losses in Asia following a sell-off of big technology stocks on Wall Street. Germany's DAX jumped 1.2% to 13,127.44 and the FTSE 100 in London added 1% to 5,987.92. The CAC 40 in France also rose 1%, to 5,024.31. A rebound in U.S. futures augured gains for Wall Street, with the contract for the S&P 500 up 0.9% while the Dow future gained 0.7%. Oil prices also clawed back early losses. Troubles with Astra-Zeneca's coronavirus vaccine trial and simmering China-U.S. tensions were among the factors spooking investors. The pharmaceutical company said it had halted the trial while assessing a single adverse reaction to its COVID-19 vaccine. "At a minimum, the optimism balloon floated by vaccine hopes has sprung a sizable leak," Stephen Innes of AxiCorp. said in a commentary. Some of the weakness in technology shares carried over into Asian trading. Tokyo's Nikkei 225 lost 1% to 23,032.54 and the Hang Seng in Hong Kong dropped 0.6% to 24,468.93. Australia's S&P/ASX 200 tumbled 2.2% to 5,878.60 and the Shanghai Composite index shed 1.9% to 3,254.63. South Korea's Kospi fell 1.1% to 2,375.81. Among big losers in the technology sector were SoftBank Group Corp., which finished 2.9% lower. Alibaba Group Holding's shares lost 2.4% in Hong Kong and semiconductor maker SMIC declined 2%. Talk by President Donald Trump of "decoupling" the U.S. economy from China, as the presidential campaign heats up has been adding to uncertainty as Washington seeks to limit use of U.S. technology by Chinese companies, citing national security concerns. The relationship between the world's two largest economies has been on edge for years, and the antagonism threatens to further undermine global growth at a...

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Laredo Morning Times shared a link
2020-09-09 10:43:52 -

https://www.lmtonline.com/news/article/Tech-chills-spill-into-Asia-as-shares-sink-15552066.php?utm_campaign=hpbusiness

https://www.lmtonline.com/news/article/Tech-chills-spill-into-Asia-as-shares-sink-15552066.php?utm_campaign=hpbusiness

European shares open higher after bleak day in Asia
European stocks and U.S. futures advanced Wednesday after a day of losses in Asia following a sell-off of big technology stocks on Wall Street. Germany's DAX jumped 1.2% to 13,127.44 and the FTSE 100 in London added 1% to 5,987.92. The CAC 40 in France also rose 1%, to 5,024.31. A rebound in U.S. futures augured gains for Wall Street, with the contract for the S&P 500 up 0.9% while the Dow future gained 0.7%. Oil prices also clawed back early losses. Troubles with Astra-Zeneca's coronavirus vaccine trial and simmering China-U.S. tensions were among the factors spooking investors. The pharmaceutical company said it had halted the trial while assessing a single adverse reaction to its COVID-19 vaccine. "At a minimum, the optimism balloon floated by vaccine hopes has sprung a sizable leak," Stephen Innes of AxiCorp. said in a commentary. Some of the weakness in technology shares carried over into Asian trading. Tokyo's Nikkei 225 lost 1% to 23,032.54 and the Hang Seng in Hong Kong dropped 0.6% to 24,468.93. Australia's S&P/ASX 200 tumbled 2.2% to 5,878.60 and the Shanghai Composite index shed 1.9% to 3,254.63. South Korea's Kospi fell 1.1% to 2,375.81. Among big losers in the technology sector were SoftBank Group Corp., which finished 2.9% lower. Alibaba Group Holding's shares lost 2.4% in Hong Kong and semiconductor maker SMIC declined 2%. Talk by President Donald Trump of "decoupling" the U.S. economy from China, as the presidential campaign heats up has been adding to uncertainty as Washington seeks to limit use of U.S. technology by Chinese companies, citing national security concerns. The relationship between the world's two largest economies has been on edge for years, and the antagonism threatens to further undermine global growth at a...

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