Two Harbors Investment Slips 8% On Share Offering News

Shares of Two Harbors Investment Corp. (TWO) slipped 8% in extended trading session after the company announced offering of 40 million shares.

TWO closed Monday’s regular trading at $7.33, on the NYSE. The stock, however, the stock slipped $0.60 or 8.19%, in the after-hours trade. The stock has traded between $4.74 and $8.15 in the 52 weeks period.

The real estate investment trust announced that it has commenced an offering of 40 million common shares. The company expects to grant the underwriters a 30-day option to purchase up to an additional 6 million shares.

The company intends to use the proceeds from the offering to purchase its target assets, including residential mortgage-backed securities, mortgage servicing rights and other financial assets.

Royal Enfield hikes prices for third time in 2021

Royal Enfield has hiked prices of its line-up in India by up to ₹8,000. This makes it the third price hike by the bike manufacturer, with the last being in April 2021.

Starting with the 350cc offerings, prices for the Bullet 350 and Meteor 350 now start at ₹1.39 lakh and ₹1.92 lakh, respectively.

While the company’s Adventure Tourer, the Himalayan, was not part of the price increase last time around, prices for the bike have now gone up by around ₹4,500 with prices now ranging from ₹2.06-2.13 lakh.

The manufacturer’s twin-cylinder models — the Interceptor 650 and Continental GT 650 also see an upward revision in prices. The Interceptor is now priced from ₹2.81 lakh up till ₹3.04 lakh depending on the colour, while the Continental GT 650 is now priced between ₹ 2.98 and ₹3.20 lakh.

All prices, ex-showroom Delhi

Sensex rallies 397 points; Nifty ends above 15,800

ICICI Bank was the top gainer in the Sensex pack

Equity benchmark Sensex rallied over 397 points on Tuesday, tracking gains in index majors ICICI Bank, HDFC twins and Reliance Industries amid positive domestic as well as global cues.

The 30-share BSE index ended 397.04 points or 0.76% higher at 52,769.73, and the broader NSE Nifty surged 119.75 points or 0.76% to 15,812.35.

ICICI Bank was the top gainer in the Sensex pack, surging nearly 3 per cent, followed by HDFC, Axis Bank, Sun Pharma, NTPC and M&M.

On the other hand, HCL Tech, Dr Reddy’s, Maruti and Tech Mahindra were among the laggards.

"Following favourable economic outcome and positive Asian markets, domestic bourses traded positive," said Vinod Nair, Head of Research at Geojit Financial Services.

Though June CPI inflation continued to remain above RBI’s tolerance level, it eased to 6.26% from 6.30% in the previous month giving some relief to the market, he said, adding that industrial production (IIP) for May grew 29.3% YoY essentially due to a lower base.

Asian shares sparked a rally after better-than-expected Chinese economic data and a bounce back in Chinese tech stocks, he noted.

Elsewhere in Asia, bourses in Shanghai, Seoul, Hong Kong and Tokyo ended with gains. Stock exchanges in Europe were trading mixed in mid-session deals.

Meanwhile, international oil benchmark Brent crude advanced 0.56% to $75.58 per barrel.

Ex-Trump Lawyer Rage-Quits GOP On Air Because It Doesn’t Back Donald Trump Enough

Jenna Ellis said she’s done with the GOP because its members aren’t backing ex-President Donald Trump enough.

Trump’s former senior legal adviser announced she was leaving the Republican Party during a 22-minute monologue on her “Real America’s Voice News” show “Just The Truth” on Monday.

“The truth matters,” began Ellis, who as a member of the Trump legal team assisted the former president in trying to overturn the 2020 election.

Ellis, who once described Trump as an “idiot,” said Republicans had backstabbed Trump. She also accused the Republican National Committee of “not championing the issues” that make America great.

“All of them, including (RNC Chair) Ronna McDaniel, should resign now,” declared Ellis.

“Until they do, as of today, I am resigning from the party,” she continued. “I am changing my voter registration and I am no longer a Republican until the party decides that it wants to be conservative again.”

“Even if I stand alone for the truth, I will stand for the truth,” she added.

The irony of Ellis comments were not lost on Twitter users:

RELATED…

Damning Video Exposes Trump’s Latest Attempt To ‘Gaslight’ His Own Supporters

Donald Trump claims the Jan. 6 attack on the U.S. Capitol that was carried out by his supporters was really just a “lovefest.” But the video evidence reveals the truth about the events of that day.

MSNBC synced the former president’s latest false claims about the insurrection with video of the rioting.

“To be clear, this is gaslighting of the highest order,” MSNBC host Mehdi Hasan wrote on Twitter as he shared the footage from his show: 

Mel Gibson Appears To Salute Donald Trump At UFC Fight, Gets KO’d On Twitter

Mel Gibson stoked controversy after he appeared to salute ex-President Donald Trump during a UFC event at the weekend.

Video going viral appears to show the Oscar-winning actor/director making the military-style gesture towards Trump as the former president entered the T-Mobile Arena in Las Vegas to a mix of cheers and boos for Conor McGregor’s loss to Dustin Poirier.

#DonaldTrump at #UFC264 #UFC @ufc

It’s unclear if Trump saw Gibson in the crowd, or if Gibson was intentionally saluting Trump or responding to something else.

But myth-debunking website Snopes.com confirmed it was Gibson in the viral clip, citing this photograph of him entering the arena wearing the same clothes:

And this video of Gibson wanting a rematch:

Critics noted how both men have long histories of making racist, sexist and anti-Semitic comments.

RELATED…