Daily Archive: July 6, 2020

NHL, union reach tentative agreement on plan to resume season By Reuters

© Reuters. Ice Hockey – NHL Global Series – Florida Panthers v Winnipeg Jets

(Reuters) – The National Hockey League and union representing its players have reached a tentative agreement on protocols to resume a season interrupted by the COVID-19 pandemic, NHL Deputy Commissioner Bill Daly said on Sunday.

Daly told Reuters the two sides were finalizing details on an extension to the current bargaining agreement, which, along with return-to-play protocols, would need to be ratified by the union’s executive committee followed by a full membership vote.

A spokesman for the NHL Players’ Association did not immediately respond when asked to comment on the status of talks by Reuters.

TSN reported that players on the 24 teams, who will compete in an expanded playoff format across two hub cities, could opt out of participating without penalty but need to make their decision by Tuesday.

The report also said players and

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The biggest threat to your portfolio right now is you

The wise man listens to meaning; the fool only gets the noise — Nassim Nicholas Taleb

Times are changing and I don’t like the direction in which society is collectively headed. Not only are our thought patterns changing but so is the overall quality of our mental health and personal well-being. The past three months of lockdown is putting people to the test, with many of us watching the news non-stop or constantly scrolling through social media searching for clarity amid the madness.

Instead of finding a way out, we’re being bombarded with negativity, including the daily antics of our politicians, riots and protests over racial injustice and police brutality, record levels of unemployment and debt and a pandemic that seems to be getting worse, not better. Given all of this, it is no surprise that people are asking why markets have been moving up instead of down.

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Warren Buffett’s Berkshire ends its deal drought

Warren Buffett finally found his next crisis-era deal.

His Berkshire Hathaway Inc., which has stayed relatively quiet during the tumult of the coronavirus pandemic, broke its silence at the end of a holiday weekend with its biggest acquisition in more than four years. The agreement for Dominion Energy Inc.’s natural gas pipeline and storage assets signaled to the market that Buffett is willing to pounce despite his cautious tone in May about the pandemic, according to David Kass, a professor of finance at the University of Maryland’s Robert H. Smith School of Business.

“He’s willing to make investments now, of a fairly sizable amount,” Kass said. “It’s very positive that he’s sending a signal for the right deal at the right price, $10 billion or more, ‘We’re ready to go, we’re ready to invest.’”

Buffett, who has crafted Berkshire into a conglomerate valued at $434 billion, built his reputation as … Read More