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Market sentiment is so fragile that news of an arrest is enough to set off a selling wave.The Dow plunged as much as 785 points on Thursday. The index was recently down about 400 points, or 1.3%. The S&P 500 lost 1.1%, while the Nasdaq fell 0.3%.The arrest of Huawei CFO Meng Wanzhou in Canada at the request of the United States renewed doubts about the US-China truce.The latest sign of tension between Washington and Beijing also sent shudders through global markets. Hong Kong's Hang Seng plunged 2.5% overnight, while European stock markets declined sharply as well. Germany's DAX nearly closed in a bear market, down nearly 20% from its January closing high.Companies like Apple (AAPL) and Boeing (BA) that have significant exposure to China fell sharply. Other trade-related stocks like Broadcom (AVGO) and Harley-Davidson (HOG) were also under pressure. Alibaba (BABA), the Chinese e-commerce giant, tumbled 3%. The Dow and S&P 500 have once again turned negative on the year. The S&P 500, down 9% in the fourth quarter, is on track for its worst quarter in seven years.The arrest of Meng -- the daughter of the founder of one of China's most important companies -- serves as a fresh reminder that the United States and China remain in a trade war, despite the ceasefire reached last weekend in Argentina. Tariffs already imposed remain in place and new ones loom if talks fail to result in a breakthrough or at least an extension within 90 days."This comes at a truly delicate time," Win Thin, global head of currency strategy at Brown Brothers Harriman, wrote to clients on Thursday. "We think this will force China to take a more aggressive and confrontational approach with the US." 1720
Love Shark Week? You may be in luck.USDirect.com says it will pay one lucky fan ,000 to watch every second of this year’s Shark Week on the Discovery channel. The person will also receive snacks to help get them through the viewing, as well as Shark Week “swag.”“Put yourself to the test—if you think you’ve got the guts,” wrote the company.USDirect says the “jawb” entails tweeting and sharing your favorite Shark Week fact each day, using the hashtag #SharkWeekDreamJawb.The person will also need to rank each program from least to best in the following categories: Most entertaining, most informative, most fearsome (scariest), and most surprising.The “job” will begin on Aug. 9 and last for an entire week.“We don’t care if you watch Shark Week in bed, in-between meetings, or at the dinner table (though your family may feel differently): as long as you watch every second of Shark Week 2020, ,000 is all yours,” wrote USDirect.To be considered, here’s what USDirect says it needs from you:· You gotta love sharks—enough to celebrate them for a whole week.· You have to be at least 18 years old and a U.S. resident.· You have to be willing to document your Shark Week marathon on your social media.Those interested can apply here. The deadline to submit an application is July 27 at 5 p.m. ET. 1310
MARCO ISLAND, Fla. -- A dramatic rescue played out live on television Monday morning as Marco Island residents worked together to help rescue a live dolphin.A reporter from sister station WFTX in Ft. Meyers, Florida joined the group as they lifted the dolphin up and carried it into the rough surf, where it managed to swim away after a brief struggle.This was the second such rescue along the beach on Marco Island this morning.RELATED:Source: People Try To Help Beached Manatee by ViralHog on Rumble 525
MARICOPA COUNTY, Ariz. – Arizona's most populated county will dismiss all pending and unfiled charges of possession of marijuana now that voters have passed Prop 207, which legalizes recreational marijuana in the state.The Maricopa County Attorney's Office made the announcement on Monday, nearly a week after residents voted on the measure. 350
Many of us dream about being our own boss, but the thought of actually doing it can be daunting. A new survey suggests many of us share the same concerns about starting our own business. One woman knows that fear all too well, but she overcame it and says you can too.“Every client I try to know their name,” said Whitney Herman, the owner of Shift Cycle. “Everyone who walks in the business I want to be their friends. I want them to feel like this is their home because I feel like it's my home."It’s been two years since Herman officially became a small business owner by opening Shift Cycle, a boutique indoor cycling studio offering 45-minute indoor cycling classes.The new mom couldn't find a place where she could work out and bring her newborn daughter along. “Pretty much everywhere that I wanted to go, none of them offered childcare,” Herman said.So, she decided to create a place of her own.Turns out many of us see ourselves as entrepreneurs as well. The UPS Store talked with people as part of its Inside Small Business Survey and found 66 percent of them dream of opening a small business. But fears may be holding many back, something Herman understands.“Terrifying,” Herman said. “I mean it's still scary.”Forty-five percent of people are concerned about financial security, and 39 percent are concerned about the financial commitment required to open the business.“I think the funding and financing for most people is the hardest part about starting a business,” Herman said. She struggled to get a loan because many lenders require two years of business experience.“I mean there were times where we were like, ‘I don't think we're going to do it,’” Herman said. “We would get so close and then we had a bank be like, ‘Oh sorry, we can't do it.’”She was able to get funding through a non-profit, but still struggled with a fear 37 percent of people in the study share; fear of failure.“I have no MBA,” Herman said. “I have no degree in anything business related. I've never really managed people. I don't really know anything about finance, so I was kind of going it's completely blind.”Luckily her husband knew more about those things. And what she lacked in those areas, she made up in passion and desire to learn along the way. If you have a dream of starting a business, Herman says you can do the same thing.“You just have to believe in your product,” Herman said. “And you have to believe in yourself that you're strong enough and motivated enough to just kind of fight. And you know you get where you want to go because no one's going to do it but you.” 2643