Global Sports Luggage Market 2020 Potential Growth, Competitive Landscape and Development of Industry by 2026 – Iran Independent News Service - Iran Independent News Service

A new research study presented by Magnifier Research entitled Global Sports Luggage Market Size, Status and Forecast 2020-2026 comprises a comprehensive analysis of the market which has been provided to help the user take appropriate business decisions. Meticulous efforts have undertaken to present the right and valuable information. The report discusses all the essential market aspects with an expert opinion on the current market status. The report considers both the existing top players and the upcoming competitors in the market and encompasses their revenue share and contact information and SWOT analysis. It studies growth opportunities, market statistics, growing competition analysis, major key players, industry facts, all important figures, business strategies, top regions with demand, and developments.

Competitive Study:

Global Sports Luggage market analysis report covers top companies along with their company profile, growth aspects, opportunities, and threats to market development. This report presents the industry analysis for the forecast timescale. It also provides up-to-date industry details related to industry events, import/export scenario, market share. A detailed study of business strategies for the growth of the market-leading players has been offered.

NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.

DOWNLOAD FREE SAMPLE REPORT: https://www.magnifierresearch.com/report-detail/23950/request-sample

Key vendors/manufacturers in the market: Adidas, Nike, Under Armour, VFC, Yonex, ASICS America, PUMA, Slazenger, Babolat, Wilson Sporting Goods, Bauer Hockey, Dunlop Sport, Prince Global Sports, Grays of Cambridge, Head N.V, Kookaburra Sport, STX, Tecnifibre,

By type, the market has been segmented into:

• Golf Luggage
• Ball Sports Luggage
• Racket Sports Luggage
• Hockey Luggage
• Cricket Luggage
• Other

By application, the market has been segmented into: Professional Users, Recreational Users,

Then, the report segments the market on the basis of application, type, consumers, major players, as well as several components of the market. The report highlights recent advancements in the market and the latest company news about the number of players operating in the global Sports Luggage market. Prospective growth of the different market segments is speculated by studying the current market standing, performance, demand, production, sales, and growth prospects existing in the market. Moreover, it forecasts growth prospects, challenges, opportunities, risks, threats, and trends in the industry.

All key regions and countries are assessed here on the basis of company, type of product, and application covering: North America (United States, Canada, Mexico), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia, Philippines, Vietnam), Europe (Germany, France, UK, Italy, Russia, Rest of Europe), Central & South America (Brazil, Rest of South America), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East & Africa)

The research includes the value chain and market distributor study. The number of internal and external driving factors and restraining factors of the global Sports Luggage market are identified. Also, the market size is assessed in terms of revenue production volume over the prediction period. Likewise, additional information about market power, prospects, challenges, and market margins has been given in the report.

ACCESS FULL REPORT: https://www.magnifierresearch.com/report/global-sports-luggage-market-size-status-and-forecast-23950.html

The Study Objectives of This Report Are:

• To estimate the global Sports Luggage market size (value & volume) by company, key regions/countries, products and application, history data from 2015 to 2019, and forecast to 2025.
• To analyze the structure of the market by identifying its various sub-segments
• To deliver information about the growth potential, opportunities, drivers, industry-specific challenges and risks
• To define the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.

Customization of the Report:
This report can be customized to meet the client’s requirements. Please connect with our sales team ([email protected]), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1-201-465-4211 to share your research requirements.

About Us

Magnifier Research is a leading market intelligence company that sells reports of top publishers in the technology industry. Our extensive research reports cover detailed market assessments that include major technological improvements in the industry. Magnifier Research also specializes in analyzing hi-tech systems and current processing systems in its expertise. We have a team of experts that compile precise research reports and actively advise top companies to improve their existing processes. Our experts have extensive experience in the topics that they cover. Magnifier Research provides you the full spectrum of services related to market research, and corroborate with the clients to increase the revenue stream, and address process gaps.

Contact Us
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Head of Business Development
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Email: [email protected]
Web: www.magnifierresearch.com

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Silver: Jared Goff excited to be with Lions franchise that wants, appreciates him - NFL.com

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The conversation didn't last long.

When Los Angeles Rams coach Sean McVay phoned Jared Goff Saturday night to tell the quarterback he was being traded to the Detroit Lions, Goff had barely uttered "OK" when he saw that his father, Jerry, was calling on the other line. As a man accustomed to making quick decisions in the heat of the moment, Goff didn't hesitate.

"I've gotta go," he told his soon-to-be-former boss, and clicked off to talk to his dad about the next chapter of his NFL career.

As stunning as it might have seemed a few weeks ago -- and, certainly, 17 months ago, when the Rams signed the No. 1 overall pick in the 2016 draft to a four-year, $134-million contract extension -- Goff's football future will now unfold in Detroit.

Two years after guiding the Rams to an epic comeback road victory over the New Orleans Saints in the NFC Championship Game -- only to suffer a Super Bowl defeat that both he and McVay nobly attempted to take the blame for -- Goff was gone.

On Saturday, the Rams sent Goff, two first-round draft picks and a third-round selection to the Lions to acquire 12-year veteran Matthew Stafford, the quarterback McVay believes can reinvigorate his once cutting-edge offense.

In addition to the haul of picks, a price that certainly reflected Detroit's willingness to assume the final two years of Goff's contract, the Lions got a quarterback they believe can thrive in their revamped, run-heavy attack. And Goff, a young man who handled the Rams' disrespectful divorce strategy of the past several weeks with quiet dignity, got something valuable out of the deal, too.

After talking with Lions general manager Brad Holmes, coach Dan Campbell, offensive coordinator Anthony Lynn and other organizational powerbrokers Saturday night, Goff -- for the first time in awhile -- felt wanted. In a sense, he felt like it was draft day, all over again.

"I'm just excited to be somewhere that I know wants me and appreciates me," Goff told NFL.com on Sunday morning. "I'm moving forward and couldn't be more excited to build a winner there. I'm excited about Dan (Campbell) and the whole staff."

Were we so inclined, we could spend paragraphs and paragraphs breaking down the dissolution of the once-airtight McVay/Goff connection, delving deep into the vagaries of the Rams' schematic evolution (or lack thereof), the coach's dissatisfaction with Goff's performance (especially as it related to the QB's turnover tally the past two seasons) and the accompanying drop in confidence as the tension ramped up. With all due (dis)respect to the analytics nerds and wannabe GMs on social media and elsewhere, some very smart coaches, players and talent evaluators in the football world believe there is a legitimate case to be made on each man's behalf, and the estimation of Goff by many of those experts is much higher than many fans might assume.

Let's table that debate, for the moment, and accept the fact that McVay -- whatever his reasons -- decided Goff was no longer the guy he wants running his offense. At the very least, the messy handling of the transition from Goff to Stafford was hardly the organization's finest hour.

Routinely trashed this season on FOX telecasts, specifically those with Troy Aikman as the lead analyst, Goff could reasonably assume that McVay's words about his quarterback's play in network production meetings were far from glowing. And yet, Goff had some impressive performances in 2020 (Eagles, Bills, Bucs, Cardinals) and helped push the Rams into postseason contention. Things began to unravel in a Dec. 27 road defeat to the Seahawks that gave Seattle the NFC West title. In the third quarter, Goff suffered a dislocated right thumb after banging it on the helmet of Seahawks pass rusher Benson Mayowa, popped it back into place and finished the game. Afterward, he learned the thumb was broken.

Devastated, Goff thought his season was done. Told he could have surgery to insert three pins that might allow him to come back for the Rams' first playoff game -- assuming the team could qualify -- Goff went for it, like a team player should.

It didn't play out the way he'd hoped: Two days after the Rams' season-ending victory over the Arizona Cardinals, Goff and McVay had some hard conversations. McVay told Goff that, with a rematch against the Seahawks in Seattle looming four days later, he had to make a decision on his starter and stick with it. Given the uncertainty about how Goff would be able to throw following thumb surgery, and the tight timeline, McVay was going with backup John Wolford, who had just made his first career start against the Cardinals. Wolford would get all of the first-team reps in practice, and Goff would work off to the side.

Goff was upset. Intellectually, he understood McVay's dilemma and line of thinking. As a competitor, it killed him that he wouldn't be out there. The coach and quarterback said some difficult things to one another. They spoke for four hours. One thing McVay did not say, however, was that he was benching Goff because he wanted Wolford to play, period.

In retrospect, he probably should have.

So what happened in the playoff game? Wolford got knocked out with a neck injury the first quarter, and Goff came jogging onto the field -- with zero reps, 12 days after thumb surgery -- and gutted out a game that was one of the bigger triumphs of the McVay era.

The following Saturday in Green Bay, with Wolford inactive, Goff played well in 25-degree weather, but fellow Cal alum Aaron Rodgers and the Packers played better. Until the latter stages of the Rams' 32-18 defeat, Goff had completed all but two of his passes, but L.A.'s No. 1-ranked defense couldn't hold up against the soon-to-be three-time MVP.

After the game, McVay told Rodgers, "Watching you play, it's like watching a game in slow motion. That's how dialed in you are."

And then, in short order, the rest of the world -- including Goff -- got a sense of just how quickly McVay wanted to find a new quarterback.

First, in his postgame press conference, McVay said of Goff, "Yeah, he's the quarterback right now" -- echoing the infamous words Cardinals general manager Steve Keim uttered of starting quarterback Josh Rosen less than two months before drafting his replacement, Kyler Murray, in 2019.

The following day, in his end-of-season press conference, McVay didn't commit to Goff being on the roster in 2021, saying everything was being evaluated.

Five days ago, Rams general manager Les Snead had his end-of-season press conference, which played out more like a bad standup-comedy audition. In response to Goff's status, Snead twice invoked Rodgers' "beautiful mystery" phrase surrounding the 37-year-old quarterback's own future with the Packers, called Goff "a Ram right now" and delved into the specifics of how the team could move on from the quarterback while finessing the salary-cap hit. Afterward, he bemusedly asked reporters what they thought the next day's headlines would be.

In fairness to Snead and McVay, they weren't lying.

In fairness to Goff, he was blindsided. Neither Snead nor McVay had told him the team wanted to move on, or anything close to that. For a 26-year-old, who, since being thrown into a tough situation his rookie year, has consistently displayed toughness, commitment, positivity and team-centric behavior during his time with the franchise, it was a crappy way to learn he was unwanted, yet he refused to fire back.

Then came Saturday night's phone call from McVay, and the relief that followed -- a weight had been lifted off Goff's shoulders, one he hadn't realized was so heavy. McVay, for what it's worth, was vacationing in Cabo San Lucas; Stafford (for you conspiracy theorists) was also said to be in the area, according to two sources familiar with the quarterback's situation.

Goff clicked off to talk to his father, and he began to feel better. Then came the calls from his new head coach, and other Lions powerbrokers, and he heard the palpable excitement in their voices and understood that this was a two-way exchange: Yes, he was being dumped by the Rams, but he was also being courted by a long-struggling organization that hopes its latest facelift can lead to its first postseason appearance in three decades.

Hey, Goff can relate. He was the freshman quarterback on a Cal team that went 1-11; two years later, he led the Golden Bears to a bowl victory. Unlike most No. 1 overall picks, including Stafford, Goff's pre-NFL career was filled with consistent on-the-field adversity.

The Lions are looking for a leader, and Goff firmly believes that he's the right guy to take them where they want to go. For what it's worth: A run-heavy attack, and the play-action opportunities that should follow, would seem to be a nice match for Goff's skill set.

On Sunday morning, Goff and I talked about his journey -- and this very sharp detour north -- and some of the stress he's carried inside for the past several months. It's been a lot, but Goff didn't harp on the souring of his relationship with McVay or the end of his time in L.A. His voice was calm, hopeful, light, and even … happy?

It made sense. This isn't complicated. It's good to be wanted, and for the first time in awhile, Goff believes that is the case.

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Melvin Capital, hedge fund that bet against GameStop, lost more than 50% in January - CNBC

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A GameStop Corp. store in Rome, Italy, on Thursday, Jan. 28, 2021.

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Hedge fund Melvin Capital Management lost 53% in January amid a record rally in GameStop and other stocks the fund was betting against, a source familiar with the matter told CNBC.

The heavy losses come as retail investors piled into popular hedge fund short targets, including the struggling video game retailer. Shares of GameStop finished last week with a gain of 400%, bringing its total return this year to 1,625%. The stock closed Friday's session at $325.

As recently as October it traded under $10. CNBC's Andrew Ross Sorkin reported last week that Melvin Capital closed out its short position in GameStop on Tuesday afternoon after sustaining heavy losses.

Citadel and Point72 infused close to $3 billion into the fund to shore up its finances. Point72 slid 10% in January, according to a source with knowledge of the fund's returns. Point72 declined to comment.

Citadel's flagship fund lost less than 1% last week on its investment into Melvin Capital, a source familiar with the matter told CNBC. Citadel's overall performance for the month wasn't immediately clear.

Melvin's assets under management now stand at more than $8 billion — including the emergency funding — down from roughly $12.5 billion at the beginning of the year, after certain current investors committed additional capital at the end of the month.

The fund's liquidity is strong and its use of leverage is at the lowest level since the fund's inception in 2014, according to the source.

The Wall Street Journal first reported Melvin's January losses.

Last week's activity in GameStop extended to other popular short targets, including Bed Bath & Beyond and AMC Entertainment, with retail investors turning to Reddit's WallStreetBets forum to discuss various trades. The forum has seen its members more than triple in just a week to north of 7 million.

Amid the short squeeze, Robinhood and other brokerages restricted trading in some of the most volatile names, sparking frustration for users who were unable to trade at will.

Robinhood said in a blog post that the central Wall Street clearinghouse mandated a tenfold increase in the firm's deposit requirements on the week in order to ensure smooth settlement in trades involving the securities experiencing unprecedented volatility.

The meteoric rise in GameStop's shares has prompted some lawmakers to call on regulatory bodies to intervene.

"We need an SEC that has clear rules about market manipulation and then has the backbone to get in and enforce those rules," Sen. Elizabeth Warren, D-Mass., told CNBC Wednesday. "To have a healthy stock market, you've got to have a cop on the beat."

Subscribe to CNBC Pro to access our live Pro Talk "How to Navigate the Reddit Market Mania" with Fundstrat's Tom Lee.

- CNBC's Patti Domm contributed reporting.

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Jared Goff says he's excited to join a Lions team that 'wants and appreciates' him - CBS Sports

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Matthew Stafford is the headliner in the reported trade that will send the former Lions' quarterback to the Rams. In exchange for Stafford, the Rams will give the Lions two future first-round picks and a 2021 third-round pick. They're also giving the Lions Jared Goff, a quarterback who helped lead the Rams to the Super Bowl just two years ago. 

While one can assume that Stafford is pleased with the trade (which won't be official until March 17), Goff says that he is excited to begin a new chapter in his career. Goff offered his initial thoughts roughly 12 hours after news of the trade broke. 

"I'm just excited to be somewhere that I know wants me and appreciates me," Goff said, via NFL Network's Michael Silver. 

Goff's quote could be construed as a message to the Rams, who just 16 months ago inked him to a four-year, $134 million extension. The No. 1 overall pick in the 2016 draft, Goff was 44-23 as the Rams' starting quarterback since the start of the 2017 season. A two-time Pro Bowler, Goff led the Rams to a division title in 2017. A year later, Goff threw for 4,688 yards and 32 touchdowns while helping Los Angeles win the NFC. And despite several injuries to his skill position teammates, Goff managed to keep the Rams above .500 in 2019 while leading the NFL in pass attempts. 

This past postseason, less than two weeks after having three pins surgically implanted into his broken right thumb, Goff came off the bench to help lead the Rams to a wild-card win over the Seahawks. And while he failed to throw for 200 yards in the Rams' divisional round loss to the Packers, Goff did a throw a touchdown while completing nearly 78% of his passes. 

While he was close, Goff did not win a Super Bowl in Los Angeles, something Stafford will look to achieve in 2021 and beyond. Goff does believe that he is the quarterback that can turn things around in Detroit, a franchise that has not won a playoff game since 1991. Goff will play under a completely revamped coaching staff that includes head coach Dan Campbell, offensive coordinator Anthony Lynn, and quarterbacks coach Mark Brunell. Goff will also be flanked by several talented teammates that includes running back D'Andre Swift, receivers Kenny Golladay and Marvin Jones, and Pro Bowl tight end T.J. Hockenson. 

"I'm moving forward and couldn't be more excited to build a winner there," Goff said. "I'm excited about Dan and the whole staff."

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The Colleges That Took the Pandemic Seriously - The Atlantic

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A COVID-19 testing center at Colby College in Waterville, MaineTristan Spinski / The New York Times / Redux

Until vaccines against COVID-19 are available to all, the public will need two things: a reason for hope and a vision of how to live more safely and productively in the meantime. For both, Americans can look to the examples set by a number of colleges and universities—a surprising turn, perhaps, given the widespread anxieties that these institutions’ reopening in the fall created.

Since last summer, many news stories have highlighted failures by individual universities to manage the pandemic. Outbreaks have occurred, and some data even suggest that college reopenings led to more infections in the counties in which they are located. That’s only part of the story, though. Many schools—including the one where I work—took on the job of preventing the spread of the coronavirus among their students, employees, and host communities and have sought to manage the problem in a comprehensive manner. Schools that have succeeded have done so by learning from one another, by redeploying people and resources, and by employing the tactics that epidemiologists all over the world have advocated but too few areas of the United States have adopted.

I am a pediatrics professor at Indiana University. Our seven campuses, like most of their counterparts across the country, shut down quickly in March. Administrators soon called together a committee of experts in medicine, public health, and public safety to create a plan for how the school might function safely during the pandemic. I serve on that committee, am one of four leaders of IU’s medical-response team, and currently oversee our testing system for asymptomatic students, faculty, and staff.

Whether our campuses should even reopen was a contentious subject, but we committed to finding a way to safely resume classes. A large majority of our more than 87,000 students, we reasoned, would be living in our campuses’ host communities, regardless of whether the university reopened its dorms. Students would be present—and would be likely to socialize—no matter what we did. We aimed for a mix of virtual and in-person instruction, partly on the theory that masked, widely spaced face-to-face interactions would satisfy some of the students’ appetite for normalcy and offer a better educational experience than fully remote learning.

To meet these goals, we needed to prepare our health-care system to diagnose COVID-19 cases and care for those who tested positive. At the time, getting a coronavirus test was incredibly difficult, even for people who were quite sick. With the help of IU’s school of medicine and its partner health-care system, we developed a mechanism where any of our approximately 120,000 students, faculty, and staff could get a virtual visit with a health-care professional if they felt ill. If symptoms warranted, this process then connected them to a diagnostic test.

Diagnosing individual COVID-19 patients was just the first step. We also needed procedures and infrastructure to allow them to isolate, and intense contact tracing to identify and assist anyone else who might have been exposed. These measures required money and significant personnel, neither of which was widely available from the federal or state government. But our school had an advantage: Through a partnership with medical educators and government officials in Kenya, many of our local faculty and staff had gained expertise in health-care initiatives requiring substantial community outreach. With their help, we hired and trained a corps of contact tracers. Early in the pandemic, I had marveled at how Singapore had a goal of tracking down the source of each identified COVID-19 infection within two hours. In the fall, IU’s median time to close a case was half of that.

In June, while most of the country could not manage to supply enough tests for people with COVID-19 symptoms, researchers at Cornell released a paper outlining a scheme of frequent testing of asymptomatic people. They believed that if their university tested a large number of people often enough, being part of the Cornell community could become safer than not being part of it. In other words, far from posing a risk to its host city or town, a university could become—by supplementing behavioral measures such as masking and social distancing with widespread surveillance testing—a model for detecting and suppressing the virus.

This was a vital insight. Other studies produced similar findings. At IU, we set a goal of creating a safer environment for students, faculty, and staff on and around campus than they would experience if the university simply shut down. Unfortunately, by August and well into the fall, testing capacity was still limited. No infrastructure existed to test those without COVID-19 symptoms, and we did not want to be a burden on our host communities by co-opting resources—including medical capacity—that might otherwise be used for those who were ill.

Fortunately, large universities can find ways to tackle society’s toughest problems, including the need for new ways to detect infections en masse. Last spring, Rutgers developed a saliva-based test that didn’t rely on medical professionals to collect nasopharyngeal swabs. It was so successful that companies started using it to offer mail-in coronavirus testing from anywhere in the country. It was somewhat expensive, but it was available. IU made use of it.

Lab work is only one part of a testing system. Collecting a huge quantity of samples was an additional logistical nightmare. But at IU, we realized that our event staff—which has experience at moving massive numbers of people and equipment for football and basketball games, concerts, and commencements—could run our testing operation. Our information-technology services, adept at collecting and processing data as well as building websites and apps, could create dashboards, set up tracking systems, and process test results. And when other institutions found ways to innovate, we copied them. In our own backyard, Purdue University announced that it would develop its own COVID-19 testing lab. We committed to opening labs of our own and looked around for a cheap method of testing a lot of people quickly. We eventually chose a saliva-based testing method pioneered by the University of Illinois.

After purchasing liquid-handling robots and PCR machines and training a testing staff, we aimed for 25,000 tests a week in January. When students return to campus in February, we plan to test about 50,000 people a week to detect any viral surges like the ones we and other colleges saw in the fall. Our labs have become so efficient that we expect many of these test results to be returned on the same day a sample is taken. When individuals test positive on campus, our contact-tracing team gets in touch immediately and makes arrangements to isolate them in housing reserved for this purpose. Close contacts are also identified and instructed to quarantine following CDC guidelines.

All told, the testing and safety measures that we adopted will cost about $700 a student. This was a huge investment for a state university, but it also shows that establishing reasonable protections for the people who depend on IU is possible on a realistic budget. Through a combination of measures, Indiana University, and other schools using similar approaches, kept the prevalence of infection quite low throughout the fall semester, even as case counts rose dramatically in the state. Now that vaccines are available, we’re working with the government to help distribute them as quickly and efficiently as possible—not just to our students, faculty, and staff, but also to the communities in which we live. More than 600 students in our health-sciences schools have trained to give vaccinations and have been put to work all over the state distributing shots to those who are eligible.

Not every college or university that reopened, however, has taken enough protective steps. Unable or unwilling to invest in overcoming the testing bottleneck, too many schools did little or no asymptomatic surveillance. They couldn’t identify and isolate silent carriers of the disease, and outbreaks inevitably occurred. Too many institutions were also overconfident in their ability to persuade 20-year-olds to stop having parties. IU was among the institutions that suspended students for hosting large off-campus gatherings, but we relied much more on promoting solidarity and communicating specifics than on making threats. Everyone who studied or worked on our campuses agreed to participate in testing and follow behavioral guidelines. Our surveillance testing was robust enough that we did not rely on punishment to prevent infections; when our testing revealed disturbingly high positivity rates in most fraternity and sorority houses, the county ordered members of those living groups to quarantine themselves. (These measures did not prove necessary in our dorms or anywhere else.)

Beating COVID-19 requires resources, will, and a sense of shared sacrifice. The United States has too widely failed in the past year in providing these. Vaccines are rolling out too slowly, and new variants of the coronavirus are emerging. Figuring out how to live safely in this environment is imperative.

Universities like ours have many lessons to teach. IU wasn’t the only school to adopt a comprehensive suite of preventive measures, nor were we the only one to have achieved a level of success with them. That we didn’t perform miracles or depend on luck should make our example all the more useful to other university presidents—and to mayors, governors, and the new presidential administration.

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4 Silly Investing Mistakes That Could Cost You - Motley Fool

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Whether you're a seasoned investor or are new to the fold, a misstep or two could really cost you. While we all make mistakes, knowing what pitfalls to avoid as an investor could save you serious money. Here are four silly blunders to steer clear of.

1. Selling off investments during a stock market crash

It's natural to panic when the stock market tanks and investment values plunge. In that scenario, you may be inclined to sell off some of your stocks to staunch the bleeding. But remember that stock market crashes aren't actually all that uncommon, and that the market has a strong history of recovering from downturns. If you leave your portfolio alone during a stock market crash and wait for investment values to recover, you may not lose a dime.

Image source: Getty Images.

2. Investing in companies or products you don't understand

There are plenty of innovative or value-producing companies out there that trade publicly. If you don't understand their business models or how they make money, then they're probably not great fits for your portfolio.

Take real estate investment trusts (REITs), companies that run or finance income-producing real estate. Investing in a REIT is a good way to diversify a portfolio and dabble in real estate without actually having to go out and buy buildings. But if you don't understand how they work, you may want to pass. Even better, educate yourself and then make a decision one way or another.

3. Only investing when stock values are up

When stocks are performing well, you may be more incentivized to invest compared to periods when they're underperforming. Limiting yourself to only investing in bull markets means you could miss out on some key opportunities. A better bet is to commit to investing at predetermined intervals ahead of time. It's a strategy known as dollar-cost averaging, and it's been shown to help investors pay a lower average share price for the stocks they buy than what they'd pay by attempting to time the market.

4. Not investing in a tax-advantaged fashion

There's nothing wrong with opening a brokerage account and using it to buy stocks, but you may not want to limit yourself to just a brokerage. In fact, it pays to invest in a retirement plan like an IRA or 401(k) for the tax benefits. With a traditional IRA or 401(k), investment gains in your account are tax-deferred until you take withdrawals. With a Roth IRA or 401(k), investment gains are yours to enjoy completely tax-free. That's a lot of savings to pass up, especially when you consider that with a traditional IRA or 401(k), you also get a tax break just for making contributions.

Investing is a continuous learning experience, and you may find that you get better at it year after year. Avoiding these mistakes could be the key to safeguarding your wealth, so keep them on your radar.

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The Silicon Valley Start-Up That Caused Wall Street Chaos - The New York Times

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Robinhood pitched itself to investors as the antithesis of Wall Street. It didn’t say that it also entirely relies on Wall Street. This past week, the two realities collided.

The online trading app Robinhood became a cultural phenomenon and a Silicon Valley darling with a promise to wrest the stock market away from Wall Street’s traditional gatekeepers and “let the people trade” — making it as easy to put millions of dollars at risk as it is to summon an Uber.

This past week, in the middle of a market frenzy pitting amateur traders against hedge fund bigwigs, that veneer began to chip. As it turned out, Robinhood was at the mercy of the very industry it had vowed to upend.

The frenzy morphed into a crisis when legions of armchair investors on Robinhood, who had been buying up options and shares of GameStop, a video game retailer, enlarged those bets and also began making big trades in other stocks, including AMC Entertainment.

As the trading mania grew, the financial system’s risk reduction mechanisms — managed by obscure entities at the center of the stock market called clearinghouses — kicked in on Thursday, forcing Robinhood to find emergency cash to continue to be able to trade. It had to stop customers from buying a number of heavily traded stocks and draw on a more than $500 million bank line of credit. On Thursday night, the company also took an emergency infusion of more than $1 billion from its existing investors.

A high-flying start-up suddenly looked a lot like an overwhelmed, creaky company.

“From a marketing standpoint they position themselves as new, innovative, cool,” said Peter Weiler, the co-chief executive of the brokerage and trading firm Abel Noser. “What I think everyone is missing is, when you peel the onion back they are just a heavily regulated business.”

Robinhood’s distress follows a familiar narrative: A Silicon Valley company that promised to disrupt an industry ends up being overcome by the forces it unleashed and has to be reined in by regulators, or in this case, the industry it promised to change. Its arc is not all that different from Facebook and Google, which changed the ways in which billions of people socialize and search for information, but are now caught in the cross hairs of lawmakers and an angry public.

“They were trying to change the rules of the road without understanding how the road was paved and without any respect for the existing guard rails,” said Chris Nagy, a former trading executive at TD Ameritrade and the co-founder of the Healthy Markets Association, a nonprofit that seeks to educate market participants. “It ended up creating risk for their customers and systemic risk for the market more broadly.”

The fiasco will almost certainly have consequences for the company. The Securities and Exchange Commission said on Friday that it would closely review any actions that may “disadvantage investors or otherwise unduly inhibit their ability to trade certain securities.” Lawmakers on both sides of the aisle called for hearings over complaints that customers were shut out of trades.

After Robinhood limited some trading on Thursday and the price of the stock plunged, furious users flooded online app stores with vitriolic reviews, with some accusing Robinhood of doing the bidding of Wall Street. Others sued the company for the losses they sustained. Robinhood’s continuing vulnerability, even after raising $1 billion, became clear on Friday when it restricted trading in more than 50 stocks.

“It was not because we wanted to stop people from buying these stocks,” Robinhood said in a blog post on Friday night. Rather, the start-up said, it restricted buying in volatile stocks so that it could “comfortably” meet deposit requirements imposed by its clearinghouses, which it noted had increased tenfold during the week.

None of this seems to be slowing down its growth. Even as Robinhood’s actions angered existing customers, it was winning new ones. The app was downloaded more than 177,000 times on Thursday, twice the daily download rate over the previous week, according to Apptopia, a data provider, and it had 2.7 million daily active users on its mobile app that day, its highest ever. That’s more than its rivals — Schwab, TD Ameritrade, E*Trade, Fidelity and Webull — combined.

All Growth, Few Guardrails

The Robinhood app.Amy Lombard for The New York Times

Controversy is not new for Robinhood.

The two Stanford classmates who created the company in 2013 said from the beginning that their focus was on “democratizing finance” by making trading available to anyone. To do so, the Menlo Park, Calif., company has repeatedly employed a classic Silicon Valley formula of user-friendly software, brash marketing and a disregard for existing rules and institutions.

Online brokers had traditionally charged around $10 for every trade, but Robinhood said that customers of its phone app could trade for free. The move drew in hordes of young investors.

In building its business, the company disregarded academic research showing how frequent, frictionless trading generally does not lead to good financial outcomes for investors. The risks to customers became clear last summer when a 20-year-old college student’s suicide note blamed a six-figure trading loss for his death.

Robinhood also popularized options trading among novices. An option is generally cheaper than buying a stock outright, but has the potential to lead to much bigger and faster gains and losses, which is why regulators and brokers have traditionally restricted trading in these financial contracts to more sophisticated traders.

Robinhood’s marketing, meanwhile, papered over the fact that its business model, and the free trading, were paid for by selling customer’s orders to Wall Street firms in a system known as “payment for order flow.” Big trading firms like Citadel Securities and Virtu Financial give Robinhood a small fee each time they buy or sell for its customers, typically a fraction of a penny per share. These trading firms make money, in turn, by pocketing the difference, known as the “spread,” between the buy and sell price on any given stock trade, and the more trades they handle, the greater their potential revenue. Many other online brokers rely on a similar system, but Robinhood has negotiated to collect significantly more for each trade than other online brokers, The Times has found.

The mismatch between Robinhood’s marketing and the underlying mechanics led to a $65 million fine from the S.E.C. last month. The agency said that Robinhood had misled customers about how it was paid by Wall Street firms for passing along customer trades.

Robinhood has also run afoul of regulators as it rushed to release new products. In December 2018, the company said it would offer a checking and savings account that would be insured by the Securities Investor Protection Corporation, or S.I.P.C., which protects investors when a brokerage firm fails.

But S.I.P.C.’s then-chief executive said he hadn’t heard about Robinhood’s plan, and he pointed out that the S.I.P.C. doesn’t protect plain-vanilla savings accounts — that would be the job of the Federal Deposit Insurance Corporation. It took almost a year for Robinhood to reintroduce the product, saying in a blog post that it “made mistakes” with its earlier announcement.

“They went in trying to make big splashes and they often had to get reeled back in,” said Scott Smith, a brokerage analyst at the financial firm Cerulli Associates.

The Clash With Wall Street

A small protest was held on Thursday in front of the New York Stock Exchange after Robinhood curbed trading in GameStop.Gabriela Bhaskar for The New York Times

Robinhood’s ambitions and amateurism collided in recent weeks as small investors, many of them on a mission to challenge the dominance of Wall Street, used its free trades to push up the stock of GameStop and other companies. Rampant speculation on options contracts helped drive the rise of GameStop’s shares from about $20 on Jan. 12 to nearly $500 on Thursday — a rally that forced Robinhood to hit the brakes on its own customers.

One institution that tripped up Robinhood this past week is a clearinghouse called the Depository Trust & Clearing Corporation. Owned by its member financial institutions including Robinhood, the D.T.C.C. clears and settles most stock trading, essentially making sure that the money and the shares end up in the right hands. (Options trades are cleared by another entity.)

But the D.T.C.C.’s role is more than just clerical. Clearinghouses are supposed to help insulate a particular market from extreme risks, by making sure that if a single financial player goes broke, it doesn’t create contagion. To do its job, the D.T.C.C. requires its members to keep a cushion of cash that can be put toward stabilizing the system if needed. And when stocks are swinging wildly or there’s a flurry of trading, the size of the cushion it demands from each member — known as a margin call — can grow on short notice.

That’s what happened on Thursday morning. The D.T.C.C. notified its member firms that the total cushion, which was then $26 billion, needed to grow to $33.5 billion — within hours. Because Robinhood customers were responsible for so much trading, they were responsible for footing a significant portion of the bill.

The D.T.C.C.’s demand is not negotiable. A firm that can’t meet its margin call is effectively out of the stock trading business because D.T.C.C. won’t clear its trades any more. “If you can’t clear a trade, you can’t trade a trade,” said Robert Greifeld, the former chief executive of Nasdaq and current chairman of Virtu Financial. “You’re off the island. You’re banished.”

For veteran players like Citadel Securities and JPMorgan Chase, generating additional hundreds of millions of dollars on short notice was not a problem. But for a start-up like Robinhood, it was a mad scramble.

While it cobbled together the needed cash from its credit line and investors, Robinhood limited customers from buying GameStop, AMC and other shares. Allowing its investors to sell these volatile stocks — but not buy them — reduced its risk level and helped it meet requirements for additional cash, Robinhood said in its blog post.

Ultimately, the company succeeded in pulling together roughly $1 billion from some of its existing investors, including the venture firms Sequoia Capital and Ribbit Capital. As a sweetener, Robinhood issued special shares to those investors that will give them a better deal when the company goes public, as early as this year.

But the quick deal left more than one observer scratching their heads.

“How does an online broker find itself in need of an overnight infusion of a billion dollars?” asked Roger McNamee, a longtime investor who co-founded the private-equity firm Elevation Partners. “There’s something about this that says somebody is really scared about what’s going on.”

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January 30, 2021 at 11:38PM
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Fantasy Baseball Rankings 2021: Sleepers from model that nailed Will Smith's strong season - CBS Sports

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After last year's truncated season, owners are sifting through the data to determine their 2021 Fantasy baseball strategy. Padres shortstop Fernando Tatis Jr. showcased his unbelievable talent with a remarkable season in which he hit 17 homers, drove in 45 runs and stole 11 bases in just 59 games. San Diego beefed up its pitching rotation by trading for Yu Darvish and Blake Snell this offseason, but how high should they be in your 2021 Fantasy baseball rankings?

Who are the 2021 Fantasy baseball sleepers you need to be aware of? A reliable set of 2021 Fantasy baseball rankings can ensure that you get maximum value out of every pick you make. So before you go on the clock, check out the 2021 Fantasy baseball cheat sheets and rankings from the proven computer model at SportsLine.

Last season, SportsLine's Projection Model identified several top Fantasy baseball sleepers, including Dodgers catcher Will Smith. The 25-year-old was No. 6 catcher in Fantasy baseball last year, outperforming Yasmani Grandal, Mitch Garver and Gary Sanches, who were all drafted well ahead of him on average. Smith wound up hitting eight home runs with 25 RBIs and posting a .980 OPS that was over 70 points better than in his breakout season in 2019.

The team at SportsLine was all over Smith as a Fantasy sleeper from the start. Their model had him listed much higher than expert consensus rankings, and anyone who listened to their advice was well positioned for a league title. 

Their model is powered by the same people who powered projections for all three major Fantasy sites. And that same group is sharing its 2021 Fantasy baseball rankings and cheat sheets over at SportsLine, helping you find Fantasy baseball sleepers, breakouts and busts long before your competition. Their cheat sheets, available for leagues on many major sites, are updated multiple times every day. Any time an injury occurs or there's a change on a depth chart, the team at SportsLine updates its Fantasy baseball cheat sheets.

In fact, when it came to ranking players in Fantasy football, SportsLine's Projection Model beat human experts last season when there were big differences in ranking. And the model was the closest to the hole overall, meaning it best pinpointed where every player would finish each week. That could literally be the difference between winning your league or going home empty-handed.

Now, the model has simulated the entire 2021 MLB schedule 10,000 times and revealed its top 2021 Fantasy baseball sleepers, breakouts, and busts. You can get its Fantasy baseball cheat sheets 2021 here.

Top 2021 Fantasy baseball sleepers

One of the 2021 Fantasy baseball sleepers the model is all over: White Sox catcher Yasmani Grandal. In his first season of a four-year deal with the White Sox, Grandal put up solid numbers but ultimately fell short of recent production. He hit eight home runs and drove in 27 while slashing .230/.351/.422, but that was largely weighed down by a slow start. Grandal had a .356 OPS in July, but followed up with a .820 OPS in August and a .825 OPS in September. 

His 29.9 percent strikeout rate was the highest of any season he's had in the big leagues, which should normalize closer to his 23.8 percent career rate. That's why the model ranks him as its No. 1 catcher despite the fact that he's coming off the board nearly eight rounds after J.T. Realmuto and nearly four rounds after Salvador Perez.

Another sleeper that SportsLine's Fantasy baseball rankings 2021 are extremely high on: Mariners third baseman Kyle Seager. He had a .789 OPS in 2019 and then a .788 OPS in the shortened 2020 season. 

His 40 RBIs were 10th-most in the American League, while his 32 walks against 33 strikeouts showed a more patient plate approach. A .240 BABIP nearly 40 points below his career average could mean better batted ball luck in 2021. That's why the model ranks him as its No. 7 third baseman even though he's the 33rd three-bagger selected on average according to the latest 2021 Fantasy baseball ADP data.

How to find proven 2021 Fantasy baseball rankings

SportsLine is also high on a first baseman with a Fantasy baseball ADP 2021 barely inside the top 10 who finishes ahead of studs like defending AL MVP Jose Abreu and Yankees first baseman Luke Voit. This pick could be the difference in winning your league or going home with nothing. You can see who it is here.

So which 2021 Fantasy baseball sleepers should you snatch in your draft? And which undervalued first baseman can help you win a championship? Visit SportsLine now to get Fantasy baseball rankings for every single position, all from the model that called Will Smith's huge breakout last season, and find out.

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January 30, 2021 at 10:33PM
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Fantasy Baseball Rankings 2021: Sleepers from model that nailed Will Smith's strong season - CBS Sports
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Bus driver in Northern California crash that killed 11 to be freed - Pacifica Tribune

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SACRAMENTO — The driver of a private bus in Northern California that crashed in 2008 and killed 11 passengers headed to a casino is being released from prison after his sentence was reduced due to changes in state law.

Quinton Watts, 64, was told Friday that he will be released next week, The Sacramento Bee reported.

This June 8, 2017, photo provided by the California Department of Corrections and Rehabilitation, is Quinton Watts, a driver of a private bus that crashed in 2008 and killed 11 passengers headed to a Northern California casino. Watts is being released from prison after his sentence was reduced due to changes in state law. Watts, 64, was told Friday, Jan. 29, 2021, that he will be released next week, The Sacramento Bee reported. (California Department of Corrections and RehabilItation via AP) 

Colusa County Superior Court Judge Jeffrey Thompson took nine years off Watts’ 26-year prison term during a hearing Monday, ruling that he was properly sentenced at the time but that subsequent legal changes to sentencing enhancements made him eligible to have his sentence shortened.

Watts was driving the bus with 40 passengers from the Sacramento area to a casino near Colusa on Oct. 5, 2008, when the bus veered off the road.

Passengers said Watts seemed to be asleep or unconscious, and prosecutors alleged that he was sleep deprived and hadn’t properly cared for his insulin-dependent diabetes before the crash.

In an earlier story, however, The Bee found that a physician assistant had erroneously cleared Watts to drive despite his history of having a seizure disorder.

It said Watts’ attorney did not put on much of a defense, presenting just one witness; that the prosecution featured statements that Watts made while he was medicated at a hospital hours after the crash; and questioned whether Watts, who is Black, was unfairly convicted by a jury with no Black jurors.

John Poyner, the former Colusa County district attorney who prosecuted Watts, told the paper he didn’t know about the seizure disorder and said Watts had paid the price and should be released from prison for a crash he didn’t cause on purpose.

The judge did not address those allegations in his ruling.

“It should be noted 11 people died because of Watts’ criminal negligence,” Thompson said, according to the paper. “That being said, Mr. Watts is entitled to a benefit in a change in the law.”

The shorter sentence means he became eligible for parole in 2018 instead of his original eligibility date of 2027, determined the California Department of Corrections and Rehabilitation. He remained in California State Prison, Solano, in Vacaville southwest of Sacramento, on Friday while the department awaited the court documents, said spokeswoman Dana Simas.

The crash happened on Watts’ first time driving to Colusa Casino Resort aboard a bus owned by his stepfather, Daniel Cobb, who sat behind him, tried to right the careening bus, and was among those killed.

“It’s been a hard, long road, but it’s almost over. It’s not like it’s gonna be easy when I get out. This will still be hard. But this is over with anyway,” Watts said in a brief interview from prison Friday, the paper said.

He was convicted of 11 counts of felony vehicular manslaughter with gross negligence. Jurors also added sentencing enhancements of 21 counts of causing great bodily injury.

Corrections Secretary Kathleen Allison last month asked the judge to reconsider Watts’ sentence based on a court ruling in 2015 that found state law barred applying the enhancement to such crimes.

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Bus driver in Northern California crash that killed 11 to be freed - Pacifica Tribune
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