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Veteran Brothers

first_imgBrothers Malik and Keeran Sampson will both chase starting spots in the IMCA Hobby Stock main event at Super Nationals XXXV.Brothers Malik and Keeran Sampson are both Super Nationals veterans, Malik as a driver,Brothers Malik and Keeran Sampson will both chase starting spots in the IMCA Hobby Stock main event at Super Nationals XXXV.Keeran as a spectator.This year, both Worthington, Minn., hotshoes are running for starting spots in Saturday’s big Hobby Stock dance.Malik has qualified for the main event in three of his four previous trips to Boone, with a career best finish of seventh last year.“I like the atmosphere here. Super Nationals is fun and it’s challenging. I start to get nervous about three weeks beforehand,” he said. “This year I asked Keeran why he didn’t bring his car along. He was going to be buying a pit pass, anyway.”“I ran hot laps yesterday,” said Keeran, acknowledging that Boone was a different track than what he was used to. “Any time you go up against this many cars you never know what’s going to hap­pen but I’m looking forward to racing here.”He also wouldn’t mind matching the accomplishment of neighbor to the south Elijah Zevenbergen and win a Super Nationals championship in his first competitive visit to Boone.last_img read more

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Malta MGA launches next phase of crypto testing environment

first_img The Malta Gaming Authority (MGA) has announced that it will advance its research and resources of cryptocurrency capabilities aiding Malta’s regulatory development of online gambling incumbents.Updating stakeholders, the MGA announces that it has launched the second phase of its ‘Sandbox Framework’ initiative, exploring the capacity of authorising ‘virtual financial assets’ as a means of payment, along with further blockchain-centric advancements.A sandbox allows developers to isolate and test new blockchain components within a controlled environment.Launching phase-2 of its framework, the MGA seeks applications to test potential Innovative Technology Arrangements (ITAs), such as smart contracts, hyper-ledgers and DLT platforms.Helping its research directives, the MGA has extended the duration of its sandbox environment until 31 December 2021.Interested parties seeking to participate in MGA’s sandbox, can access all relevant information within the MGA’s amended ‘Guidance on the use of Innovative Technology Arrangements’.The update details that all participating ITAs will be reviewed by auditors sanctioned by the Malta Digital Innovation Authority (MDIA), which is guiding  the authority on its technology directive. StumbleUpon Genesis to appeal UKGC’s ‘disproportionate suspension’ July 23, 2020 Soft2Bet continues new market drive with Irokobet launch August 26, 2020 Submit Share Related Articles Share TVBET passes GLI test for five live games in Malta and Italy August 25, 2020last_img read more

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Retailers disappointed at consumers’ weak holiday buying

first_imgA phone company manager, she waited until Christmas Eve to make a single purchase at a major chain store this season, favoring Web retailers and designer outlet stores offering deep bargains. “I am on a tighter budget than I’ve ever been,” said Jones, who walked into the Macy’s at Westfarms Mall in Farmington, Conn., on Monday morning to take advantage of a sale. In the past, she easily spent $100 each on her six nieces and nephews. This year, it was more like $50. “If it’s not on sale, I won’t buy it,” Jones said. MasterCard found that online spending rose 22.4 percent, a strong showing, given fears that Web purchases would slow after a decade of impressive growth. Clothing sales rose a meager 1.4 percent, but there was a stark split between genders. Sales for women’s apparel dropped 2.4 percent. Sales for men’s apparel rose 2.3 percent. Analysts said women complained of dreary fashions. “Even when the dust settles, women’s clothing is likely to be one of the weakest categories in retail this season,” said John D. Morris, senior retail analyst at Wachovia Securities. Luxury purchases rose 7.1 percent, as the well-heeled splurged on $600 Marc Jacobs trench coats and $800 Christian Louboutin shoes. Footwear, at all prices, proved a bright spot for the clothing industry, with sales surging 6 percent. Weak sales of clothing left retailers jostling for the deepest discounts during the last weekend to drum up interest from consumers. Martin & Osa knocked 50 percent off women’s wool sweaters. Gymboree issued $25 coupons to shoppers who spent $50 on its children’s clothing. Even the markdown-averse Abercrombie & Fitch dusted off its clearance signs, selling down coats with faux fur trim for $79, reduced from $99. The American consumer has perplexed analysts this season. Retail experts confidently predicted that shoppers, uncertain about the economy, would trade down from midprice chains, like Macy’s and Nordstrom, to discounters with steeper discounts. To a certain degree, they did, mobbing low-price chains like T.J Maxx, and Marshall’s. But the discount retailer Target has struggled this season. On Tuesday, it said its sales could fall by 1 percent in December compared with last year, an anomaly for a retailer accustomed to at least 4 percent monthly sales growth over the last three years. In the end, analysts said, the biggest winners arm likely to be Wal-Mart, which emerged as the undisputed low-price leader this season, and Best Buy, which became the destination for competitively priced electronics. Much of this season’s action appeared to unfold on the Web, which spared consumers a $3-a-gallon drive to the mall. Like MasterCard, ComScore, a research firm, found that online spending rose steadily to $26.3 billion. ComScore measured spending during the 51 days from Nov. 1 to Dec. 21. The biggest day for online shopping was Monday, Dec. 10 ($881 million), not the Monday after Thanksgiving ($733 million), known as Cyber Monday in the retail world, because consumers typically flock to the Web at work after a holiday weekend of store-browsing. Unsatisfied with sales so far, dozens of retailers, from the high-end to the low, will start slashing prices this morning. Kohl’s is scheduled to hold a sale with 60 to 70 percent discounts; Macy’s is knocking down prices by 50 to 70 percent, and dangling a $10 coupon for purchases of $25 or more; some clothing will be 50 percent off at Saks Fifth Avenue from 8 a.m. to noon; and Toys “R” Us is offering a buy-one-get-one-half-off promotion.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECoach Doc Rivers a “fan” from way back of Jazz’s Jordan ClarksonWhat did eventually sell was generally marked down – once, if not twice – which could hurt retailers’ profits in the final three months of year. “Stores are buying those sales at a cost,” said Sherif Mityas, a partner at the consulting firm A.T. Kearney, which specializes in retailing. MasterCard’s SpendingPulse data, scheduled to be released Wednesday, cover the 32-day period from Nov. 23 to Dec. 24. It is based on purchases made by more than 300 million MasterCard debit and credit card users and broader estimates of spending with cash and checks. It encompasses sales at stores and on the Internet, and of gift cards, gasoline and meals at restaurants, but is not adjusted for inflation. Excluding gas purchases, overall holiday sales rose a lackluster 2.4 percent, the credit card company said. The final numbers are at the low end of MasterCard’s already modest expectations, which were reduced in the middle of the season. So retail analysts and economists, who scrutinize holiday spending for clues about the health of the American economy, are unlikely to be impressed by the results. Eboni Jones, 32, of Windsor, Conn., epitomized the problem for stores. American consumers, uneasy about the economy and unimpressed by the merchandise in stores, delivered the bleak holiday shopping season retailers had expected, if not feared, according to one early but influential projection. Spending from Thanksgiving to Christmas rose just 3.6 percent over last year, the weakest performance in at least four years, according to MasterCard Advisors, a division of the credit card company. By comparison, sales grew 6.6 percent in 2006 and 8.7 percent in 2005. “There was not a recipe for a pickup in sales growth,” said Michael McNamara, vice president for research and analysis at MasterCard Advisors, citing higher gas prices, a slowing housing market and a tight credit market. Strong demand at the start of the season for a handful of must-have electronics, like digital frames and portable GPS navigation systems, trailed off in December. And robust sales of luxury products could not make up for sluggish sales of jewelry and women’s clothing. last_img read more

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