Former ICE director: Biden, Harris have 'no interest' in fixing border crisis
Broncos training camp rewind, Day 5: QB Teddy Bridgewater completes final 13 pass attempts in 11-on-11 – The Denver Post
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Gold Futures Settle Higher As Dollar Slips
Gold prices moved higher on Monday as the dollar weakened against most of its major rivals and the yield on long term Treasury Notes drifted notably lower.
Uncertainty about the pace of the global economic recovery due to the continued surge in the delta variant of the coronavirus also pushed up demand for the safe-haven precious metal.
The dollar index, which slid to 91.91 in the Asian session, pared some losses subsequently and was last seen at 92.07, down 0.11% from the previous close.
Gold futures for December ended up by $5.00 or about 0.3% at $1,822.20 an ounce.
Silver futures for September ended higher by $0.028 at $25.575 an ounce, while Copper futures for September settled at $4.4330 per pound, down $0.0495 from Friday’s close.
The dollar held near a one-month low as investors looked ahead to the release of a key U.S. employment report later in the week to gauge the health of the labor market.
Fed Chair Jerome Powell said last week scaling back stimulus was a “ways away,” as the job market still had “some ground to cover.”
Crude Oil Futures Settle Sharply Lower
Crude oil prices fell sharply on Monday due to rising concerns about the outlook for energy demand amid a surge in the delta variant of the coronavirus in several countries and on data showing signs of a slowdown in Chinese factory activity.
Oil prices were also weighed down by likely excess supply in the market following the recent OPEC+ agreement on hiking crude production.
West Texas Intermediate Crude oil futures for September ended down by $2.69 or about 3.6% at $71.26 a barrel after hitting a low of $70.55 a barrel.
Brent crude futures were down $2.61 or 3.45% at $72.80 a barrel a little while ago.
Data released Saturday by the National Bureau of Statistics showed China’s official purchasing managers’ index fell to 50.4 in July from 50.9 in June, adding to concerns about a slowdown in the world’s second-largest economy. It was the slowest figure since the index slumped to 35.7 in February 2020.
China’s Caixin/Markit Manufacturing Purchasing Managers’ Index fell to 50.3 last month from 51.3 in June, hitting the lowest level in 15 months and prompting concerns about demand.
Meanwhile, euro area manufacturing sector growth moderated in July, but the pace of expansion remained elevated, final data from IHS Markit showed.
The final factory Purchasing Managers’ Index fell to 62.8 from 63.4 in June. This was the lowest reading since March.
‘Each Paytm Money user invested ₹70,000 in FY21’
MFs attracted 64% of the users: study
Paytm Money said its users invested an average of ₹70,000 in various asset classes in FY21, with mutual funds (MFs) being one of the more popular choices.
Some 64% of users invested in MFs, 28% in equity and the rest in gold, Paytm said in a report.
Some 44% of the total user base belonged to five States viz. Maharashtra, Gujarat, Uttar Pradesh, Delhi and Karnataka, it added.
Interestingly, over 80% of investors were below 35 years of age. Also, the platform has seen the number of female investors, who experimented and invested using the platform, double compared with last year.
Some of the most sold MFs on the platform during the last fiscal included Axis Bluechip Fund (Growth Plan) with 1.2 lakh users investing more than ₹200 crore in this fund.
“In the last one year, we have seen a transformation in the way our users invested,” said Varun Sridhar, CEO, Paytm Money said.
“We believe that wealth management needs to be democratised, embraced and adopted by all.”
Paytm Money users opened 2.1 lakh demat accounts between August last year and March.
Intrepid Potash Q2 adjusted earnings Beat Estimates
Below are the earnings highlights for Intrepid Potash (IPI):
-Earnings: $19.50 million in Q2 vs. -$8.87 million in the same period last year.
-EPS: $1.46 in Q2 vs. -$0.68 in the same period last year.
-Excluding items, Intrepid Potash reported adjusted earnings of $7.38 million or $0.55 per share for the period.
-Analysts projected $0.30 per share
-Revenue: $67.89 million in Q2 vs. $46.45 million in the same period last year.
US confident Iran carried out attack on tanker: Secretary Blinken
WASHINGTON (REUTERS) – The United States is confident that Iran carried out a drone attack on an Israeli-managed tanker transiting through international waters near Oman on Friday, US Secretary of State Antony Blinken said on Monday (Aug 2).
“I want to condemn again the attack on Friday against the commercial ship … We’ve conducted a thorough review and we’re confident that Iran carried out this attack,” Blinken said at a regular news briefing.
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Three Sharply Observed Books Showcase the Enduring Appeal of Memoirs About Dealing With Disease
By Dwight Garner
Nietzsche’s maxim, that whatever doesn’t kill you makes you stronger, has a corollary in the book world: What doesn’t kill you will be the topic of your memoir.
Former ICE director: Biden, Harris have 'no interest' in fixing border crisis
Former ICE director: ‘No interest’ from Vice President Harris to fix border crisis
Ron Vitiello reacts to critics urging President Biden to pull Vice President Harris from border role
Former Acting ICE Director Ron Vitiello reacted Monday to calls from critics, including Sen. Lindsey Graham, R-S.C., to remove Vice President Kamala Harris from her role overseeing the border crisis.
RON VITIELLO: There’s clearly no interest at the White House level, including the Vice President, to fix this problem. And so Lindsey Graham as a former chairman of the Judiciary Committee—Henry Cuellar not only a legislator over Homeland in the House. But, also a border resident. Somebody who represented Laredo [Texas] for many, many years, and he’s done it very well. Even as a Democrat I agree with his policy which is let’s stop this chaos, let’s fix the problem, let’s put some resources in place so it isn’t as bad as it could be.
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