Tesla stock jumps on carmaker’s addition to the S&P 500

first_imgElon Musk, Tesla boss, runs to a Tesla at the Tesla Gigafactory construction site. In Grünheide near Berlin, a maximum of 500,000 vehicles per year are to roll off the assembly line starting in July 2021.Julian Stahle | picture alliance | Getty Images – Advertisement – – Advertisement – The company, led by CEO Elon Musk, has long been plenty valuable for inclusion in the S&P 500 — the market cap minimum is $8.2 billion — but there are other factors that have kept Tesla out. The make-up of the S&P 500 is determined by what’s known as the “Index Committee” at S&P Dow Jones Indices, which analyzes quantitative as well as qualitative factors.Tesla was snubbed in September after it met criteria to be included in the index but was not initially picked by the committee. Companies must report four straight quarters of profit as determined by U.S. generally accepted accounting principles (GAAP).Tesla recently reported its fifth consecutive quarter of profit on third-quarter revenue of $8.77 billion. The company also reported that it delivered 139,300 vehicles during the third quarter, a new record for Tesla. – Advertisement – The committee meets on a quarterly basis to rebalance the index, though companies can be added or removed from the S&P at any time. Given the potentially market-moving nature of additions and deletions from the index, the process is tightly guarded. Even companies that are set to be added receive no advance warning.center_img Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin.Odd Andersen | AFP | Getty Images Tesla is finally joining the S&P 500.S&P Dow Jones Indices announced on Monday that the carmaker will be added to the benchmark index prior to trading on Monday, Dec. 21. Based on Monday’s closing prices, Tesla would be one of the 10 most valuable companies in the index.Tesla shares spiked more than 13% in extended trading on the news, as money managers with funds that track the S&P 500 will need to buy the stock for their portfolios.- Advertisement – Adding Tesla is no easy feat after the stock’s record run pushed the company’s market cap above $380 billion, making it the largest company ever to be added to the S&P, according to analysis from equity research firm Baird. The stock, which split 5 for 1 in August, has more than quadrupled in value in 2020.There’s currently over $11.2 trillion in assets benchmarked to the S&P 500, with roughly $4.6 trillion of the total in indexed funds, according to S&P Dow Jones Indices.“Due to the large size of the addition, S&P Dow Jones Indices is seeking feedback through a consultation to the investment community to determine if Tesla should be added all at once on the rebalance effective date or in two separate tranches ending on the rebalance effective date,” S&P said in a statement.The addition represents a historic milestone for Musk and his electric car company, which has seen its fair share of ups and downs.“This is another major feather in the cap for Tesla bulls joining the S&P 500,” said Dan Ives, an analyst at research firm Wedbush Securities who has a neutral rating on the stock. “It speaks to the sustained profit trajectory that Tesla is now finally getting into this elusive club after much noise on the Street.” CNBC’s Jennifer Elias contributed to this story.WATCH: Tesla provides refunds to some Model S and Model X owners over touchscreenlast_img read more

Speakers in ‘#PapuanLivesMatter’ discussion hit by spam calls, Zoombombed in live event

first_imgHe told the Post he had received dozens of phone calls, even until the discussion ended at around 3 p.m.In a number of screenshots sent to the Post, he showed the locations from which the calls were made. Among them are cities in several areas in the US, such as Cordova, Dubuque, Blackstone and Lansing as well as Whistler in Canada.“I’ve been receiving these calls from the beginning of the discussion until now.”Read also: ‘#PapuanLivesMatter’: George Floyd’s death hits close to home in IndonesiaWhile saying that he had experienced “worse situations”, Usman said the repeated spam calls were very disturbing. “This is similar to Ravio’s case.”Usman referred to a case of harassment against independent researcher and government critic Ravio Patra, who was detained and accused of inciting riots through a WhatsApp message following an alleged hacking of his account in April.Another speaker, Tigor G. Hutapea of Yayasan Pusaka Bentala Rakyat, also received spam calls during the session.In addition to spam calls, the discussion, which used the hashtag #PapuanLivesMatter was also disturbed by Zoombombers as a number of uninvited attendees intruded the event by making noises.“This has actually happened in the last few months to some people. Many Papuans as well as activists and scholars have been harassed. They have been terrorized through technology,” Usman said, “I think it means that what we are doing is right. We must continue to defend human rights for Papuans.”In the event, Amnesty International Indonesia reported its latest study for the United Nations titled “Civil and Political Rights Violations in Papua and West Papua”.The organization also discussed some cases of human rights violations against Papuans, including the government-imposed internet blackout during weeks of protests in the restive regions last year, which has been declared unlawful by the Jakarta State Administrative Court (PTUN).Cyber terrors have apparently become a common practice of what many have called “terror against government critics” lately, apart from a number of arrests allegedly carried out without proper procedure.In a recent case, students and professors at Yogyakarta’s Gadjah Mada University (UGM) and the Indonesian Islamic University (UII) had their social media and WhatsApp accounts hacked after planning to organize an online discussion about the constitutional mechanism for removing a president from office. They also received death threats and other forms of intimidationTempo newspaper editor-in-chief Budi Setyarso said on Sunday that he also had his Instagram and Facebook accounts “hacked” while he was moderating an online discussion with Ravio and the dean of the UGM School of Law.Topics : A virtual discussion about human rights issues and the repression against Papuans’ freedom of expression held by rights group Amnesty International Indonesia on Friday was bombarded by spammers, in the latest show of disturbance against Indonesian activists recently.The video conference that started at around 1 p.m. was disturbed by unwanted intrusions, ranging from incoming spam calls to some of the speakers’ mobile phones from foreign numbers to “zoombombing”, a type of cyberattack in which unknown users drop in on Zoom sessions, often uninvited, to disturb meetings.At the beginning, the discussion went smoothly when the first and second speakers, Amnesty International Indonesia executive director Usman Hamid and Norman Voss of German-based International Coalition for Papua (ICP), respectively, explained briefly about human rights issues in the country’s easternmost region and racism against native Papuans. The spam calls started coming in when speaker Yuliana S. Yabansabra of rights organization Elsham Papua was about to give her statement.”I am suddenly receiving phone calls from foreign numbers. They keep bothering me, “Yuliana said during the discussion, which was attended by The Jakarta Post.Usman then said he was also receiving some calls from unknown numbers with the United States country code 1 as he showed the meeting participants the screen of his phone that kept ringing.”This has not stopped. I think Uli [Yuliana] and I have been harassed by calls from the US. The numbers are different but they are constant,” he said.last_img read more

Cambridge University throws weight behind impact investing

first_imgUniversity students and staff have been protesting for months to persuade the CUEF to cut out its exposure to fossil fuel companies, which it holds via pooled investment funds.Currently, the university has no direct holdings in the fossil fuel sector. From now on, any change in this must be referred back to the council, while any indirect investment in the most polluting industries will be kept to the bare minimum. Kings College, CambridgeHowever, the council said: “At this stage, pursuing a strategy that would insist on disengagement from any funds with even small fossil fuel components, or that would require CUEF to step back from investments in alternative energy initiatives by global companies currently regarded as fossil fuel companies, would result in significant limitations on the CUEF’s ability to invest as successfully as in the past.”CUEF’s reporting on ESG issues will be enhanced and included on the university website, while its investment office is to carry out an 18-month review of environmental impact funds. The university will also use its academic leadership to spearhead expertise in environmental impact investing, both for CUEF’s own investment strategy and in developing the sector generally.  A Centre for a Carbon Neutral Future will be created to act both as a focus for the university’s sustainable energy research, and a forum for high-level policy discussions with government and business leaders.In addition, the council has committed to carbon neutrality across the university estate by 2050, but aspires to bring this forward to 2040.University launches index-linked bondMeanwhile, the university has also announced that it has raised £600m from a bond issue, with proceeds to be used to invest in the university’s revenue-generating projects and other facilities.The two tranches consist of a £300m bond with a fixed interest rate of 2.35%, repayable in 60 years’ time, and a £300m bond with a 0.25% interest rate, repayable in equal annual instalments between 10 and 50 years.For the latter bond, payments of principal and interest are linked to any rise in the consumer prices index (CPI), within a floor and cap of 0% to 3% per annum.The amortising CPI-linked issue is believed to be among the first of its kind in the UK bond markets. The council of Cambridge University has made a landmark commitment to addressing climate change in its £3bn (€3.4bn) endowment fund following months of pressure from students and staff.The council endorsed divestment from fossil fuels and encouraging environmental impact investment not only by the endowment fund (CUEF) but by investors generally.It also plans to hire an environmental, social and corporate governance (ESG) officer and consider joining industry groups such as the Institutional Investors’ Group on Climate Change.The commitment is a response to a report from the university’s divestment working group (DWG), set up by the Council in May 2017 to consider the question of divestment from businesses involved in fossil fuel extraction.last_img read more

Tacoma LNG facility under supplemental environment review

first_imgImage courtesy of Puget Sound EnergyThe Puget Sound Clean Air Agency determined that a supplemental environmental impact statement (SEIS) is required for the LNG facility in Tacoma being built by Puget Sound Energy.The project would include an LNG bunkering according to an application by the proponent which includes details on associated improvements to the existing PSE natural gas distribution system that delivers natural gas from the Williams natural gas pipeline to the LNG facility.The Puget Sound Clean Air Agency said in its statement that it has continued to review the Notice of Construction (NOC) application for the LNG facility, determining a supplemental environmental impact statement is required to identify and analyze greenhouse gas (GHG) emissions and impacts for the project.There will be no optional scoping for the SEIS. The agency will hire a consultant to prepare the SEIS. Public comment opportunities will be provided for the draft SEIS when it has been prepared.The SEIS will supplement the air and cumulative impacts sections of the City of Tacoma’s FEIS, specifically related to GHGs, to include quantitative analysis of the emissions throughout the fuel life cycle.The agency has not yet started the comment period.To remind, the Tacoma LNG facility will provide liquefied natural gas as fuel for TOTE’s vessels traveling between Tacoma and Alaska.last_img read more

Suspended from job for not serving alcohol —against her Muslim beliefs.

first_imgMuslim Civil Liberties Group Claims Airline Violated Flight Attendant’s Constitutional RightsCBS Detroit 1 September 2015A Muslim flight attendant has filed a complaint with the U.S. Equal Employment Opportunity Commission (EEO) claiming she was suspended from her job for not serving alcohol — which is against her religious beliefs.Lena Masri, an attorney for the Council of American Islamic Relations Michigan (CAIR), says Charee Stanley followed management’s directions, working out an arrangement with her coworkers to accommodate passenger requests for alcohol.However, Masri said, ExpressJet Airlines put Stanley on administrative leave after another attendant filed “an Islamophobic complaint” that referenced Stanley’s head scarf.“We notified ExpressJet Airlines of its obligation under the law to reasonably accommodate Ms. Stanley’s religious beliefs,” Masri said at a news conference in Farmington Hills on Tuesday.  “Instead, ExpressJet close to violate Ms. Stanely’s constitutional rights, placed her on administrative leave for 12 months after which her employment may be administratively terminated.”Masri said the arrangement Stanley had with other attendants to serve the alcohol for her had been working out just fine since Stanley converted to Islam about a month after becoming a flight attendant for ExpressJet.http://detroit.cbslocal.com/2015/09/01/muslim-civil-liberties-group-files-eeo-complaint-claiming-airline-violated-flight-attendants-constitutional-rights/last_img read more

Batesville, Lawrenceburg earn ‘Safest City’ recognition

first_imgBatesville, In. — The SafeWise Report says Batesville and Lawrenceburg are two of the safest cities in the state. Lawrenceburg landed at 14 on the list while Batesville entered the list at 15. The report considered total population and used 2015 FBI crime data to develop the rankings.The report says all 20 cities on list take a proactive approach to fight crime by establishing close ties between police and the community. The report cites neighborhood watch groups and crime prevention education programs as primary tools used by all 20 cities on the list.SafeWise is a home security and safety brand committed to increasing safety education, awareness, and preparedness in American communities. SafeWise has been recognized by several reputable publications including The Huffington Post, AngiesList, Mashable, US News, and Homes.com, for their Home Security Brand Comparisons and Safest Cities Reports.last_img read more

Cleveland, Crompe top IMCA Modified mains at Santa Maria Spring Nationals

first_imgSANTA MARIA, Calif. (May 23-24) – Duane Cleveland led every lap on Saturday, Christopher Crompe got the lead back on the last lap Sunday and both drivers earned $1,200 for their IMCA Xtreme Motor Sports Modified feature wins at Santa Maria Raceway’s Budweiser Spring Nationals.Cleveland made the long tow from northern California worth his while, starting from the pole and avoiding a late-race hiccup when a lapped car got sideways just ahead of him.Josh Vogt made up ground as Cleveland ran in traffic but had to settle for second. Roger Holder completed the top three finishers on opening night.Another 25-lapper on Sunday saw Crompe in and out of the lead before the final circuit heroics.Crompe led the first seven laps before giving way to Danny Lauer.He stayed close behind, running the inside line and saving his tires, before regaining the front spot on the white flag lap.“This was my first win at my home track,” the new Fast Shafts All-Star Invitational ballot qualifier said. “”This was a big one. It meant a lot to me to win this race.”Lauer was the runner-up and Ethan Dotson took third.Sunday’s $1,000 to win Karl Chevrolet Northern SportMod feature went to Levi Kiefer, who took the lead following a lap one restart and stayed in front the last 19 circuits.Kiefer had started fourth. After a long green flag run ended by a lap 18 yellow, he took the checkers ahead of Nick Spainhoward and Brenda Kirby.Forty-plus Modifieds were entered each day. Twenty-nine Northern SportMods ran on Sunday.May 23 Feature ResultsModifieds – 1. Duane Cleveland; 2. Josh Vogt; 3. Roger Holder; 4. Cody Burke; 5. Jimmy Reeves; 6. Ethan Dotson; 7. Mike Kirby; 8. Danny Lauer; 9. Bobby Hogge IV; 10. Brad Pounds; 11. Justin Crockett; 12. Austin Burke; 13. Robby Sawyer; 14. Cody Laney; 15. Logan Drake; 16. Austin Rodarte; 17. Nick DeCarlo; 18. Josh Combs; 19. Alex Wilson; 20. Brian Clark; 21. Bill Bartels; 22. Bill Egleston; 23. Alex Stanford; 24. Tony Toste.Heat winners were Kirby, Vogt, Toste and Dotson. “B” feature winners were Combs and Burke.May 24 Feature ResultsModifieds – 1. Christopher Crompe; 2. Lauer; 3. Dotson; 4. Holder; 5. Cody Burke; 6. Sawyer; 7. Stanford; 8. Vogt; 9. Hogge; 10. Laney; 11. Chett Reeves; 12. Logan Drake; 13. Austin Burke; 14. DeCarlo; 15. Crockett; 16. Kyle Wilson; 17. Karl Rose; 18. Alex Wilson; 19. Chad Reichenbach; 20. Ryan Lauer; 21. Cleveland; 22. Pounds; 23. Clark; 24. Randy Brown.Heat winners were Cleveland, Pounds, Sawyer and Crompe. “B” feature winners were Laney and Reichenbach.Northern SportMods – 1. Levi Kiefer; 2. Nick Spainhoward; 3. Brenda Kirby; 4. Rick Childress Jr.; 5. Michael Johnson; 6. Billy Simkins; 7. Jordan Hagar; 8. Michael Black; 9. Cale Kanke; 10. Nick Sylvester; 11. Tina Pounds; 12. Matt Mayo; 13. Elton Shaffer; 14. Brendon Frye; 15. Aaron Farrell; 16. Anthony Giuliani; 17. Wayne Dotson; 18. Austin Frye; 19. Gary Rayburn Jr.; 20. Keith Brown Jr.; 21. Aaron Cervantes; 22. Kevin Johnson; 23. Austin Ruskauff; 24. Matt Hagio.Heat winners were Ruskauff, Frye, Sylvester and Kiefer.  Michael Black won the “B” feature.last_img read more

Area counties lifting Burn Bans

first_imgGreensburg, IN—During their meeting this morning, the Decatur County Commissioners have lifted the burn ban for Decatur County with specific points:The burning of household trash is restricted by the Indiana Department of Environmental Management and no burning of trash should occur at any time.Open burning within the Greensburg City is not permitted under City Ordinance.Fireworks restrictions are lifted and Citizens must follow State Law for the use of fireworks. State law allows for the use of fireworks every day of the year from 9 am to 11 pm, with and extension to 12 am Midnight on Memorial Day, the Fourth of July, Labor Day, and New Year’s Eve.Without further continued rainfall the burn ban may be reinstituted as necessary.Citizens and groups are encouraged to notify the respective Fire Department if they intend to have a large burn so that the responders are aware and may prevent any undue response from smoke in the area.The Burn Ban for Franklin County has also been lifted by a decision from the Franklin County Commissioners.  Jennings County lifted its burn ban over the weekend.  No specific points were mentioned from either county.  There are still several counties under a burn ban in southeastern and southern Indiana due to drought.  Visit www.in.gov/dhs/burnban/ to see if your county is under a ban.last_img read more

Governor Announces $61 Million Education Relief Fund for Remote Learning

first_imgStatewide —Governor Eric J. Holcomb announced Indiana PK-12 schools and higher education institutions can now apply for a needs-based, competitive $61.6 million grant program providing funding to improve remote learning.“Teachers, administrators, and superintendents have faced this pandemic with innovative solutions to ensure our students continue to receive the best education possible,” Gov. Holcomb said. “Our Governor’s Emergency Education Relief funds will help meet technology needs and grow educator development while working to reduce the disparities between districts.”The $61.6 million Indiana received in Governor’s Emergency Education Relief (GEER) funding, provided through the federal CARES Act, will be focused on three areas:• Device Availability – Address the need for access to digital learning devices to support remote learning for students in PK-12.• Connectivity – Develop comprehensive community-level and regional-level solutions to address gaps in internet connectivity for remote learning.• Educator Capacity – Support partnerships between higher education and PK-12 to develop professional development and curriculum opportunities as educators throughout Indiana continue to build expertise in remote learning.In a collaboration among the Governor’s Office, the Indiana Department of Education, the Commission for Higher Education, and the Indiana State Board of Education, the state expects to award dozens of grants. There is no minimum or maximum threshold, however, grants may not be funded at the full amount requested. Traditional public school corporations, public charter schools, accredited non-public schools, higher education institutions, and other education-related entities are eligible to apply.The deadline is Friday, July 17. To apply, click here.last_img read more

Di Maria relishes physical battles

first_img United’s £59.7million record signing from Real Madrid was voted the club’s player of the month for September by fans and has been a consistent threat in attack. The 26-year-old Argentina winger admits however that United have to start achieving better results, and he has backed himself to continue his good start despite the differences with the Primera Division. Di Maria said: “It’s a more physical aggressive style of football here, strength comes into play a lot more. Players here are a lot more powerful and show their strength a lot more, it’s another league but it’s all about settling in as quickly as possible. “There have been other players of a similar build and stature to myself, slim if you like, who have come here and shown a physical resilience in the way that I hope to as well. “The main thing though is I am very, very happy to be here, it’s a league I have always wanted to play in and I’m overjoyed to be playing here at Manchester United now and I hope it’s going to be for a long time.” Di Maria said he felt privileged to be playing alongside Rooney and van Persie, but that their immediate understanding on the pitch needed to be converted into results. Speaking at the launch of Manchester United’s first global sustainable technology partner Abengoa, he added: “It’s special – when you start playing you are aware of names like Wayne Rooney and Robin van Persie, you have seen them playing and know what great players they are. So it’s fantastic to have a chance to line up with them I’m really pleased with how that understanding has started off. I think it has started well and it’s now about converting that understanding into goals and points as quickly as possible. “I am reasonably happy with the start certainly. It is never easy when you are somewhere for the first time and are settling in to a new type of football but things have gone very, very well. “I think I’ve settled in, I’ve got used to the style of play, the club in general and my team-mates. What we have to strive for now is a series of good results.” Di Maria did his interview via a translator but has already started taking English lessons, though the fact he speaks only Spanish and Italian has not been a problem in the dressing room. He said: “I’ve started taking classes, we have a teacher coming in and I try speaking English to him. You have to want to do it. “But not only does the manager speak Spanish but one or two of the backroom staff as well and some of the players too so the messages get across.” Angel di Maria claims he relishes the physicality of the Premier League despite his slim stature and that he has already clicked on the field with Wayne Rooney and Robin van Persie. center_img Press Associationlast_img read more