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UK competition regulator gets a say in Google's plan to remove browser cookies

In this articleGOOGLThe logo of Google Chrome shown on a smartphone.Thomas Trutschel | Photothek via Getty ImagesLONDON — Britain’s competition regulator will have a say in Google’s plan to remove third-party browser cookies that track people online.The Competition and Markets Authority said Friday that it had secured commitments from Google to address concerns about the proposal. The CMA is worried that the plans will harm newspapers and other businesses that rely on personalized ads.Web cookies are small pieces of code that websites deliver to a visitor’s browser. They can be used to track online activity, such as items added to a shopping basket. Third-party cookies are often added by advertisers to serve people with personalized ads.Google plans to scrap third-party cookies on its Chrome browser and replace them with an alternative. The company launched an initiative called “Privacy Sandbox” last year, in a bid to address privacy concerns with cookies. The CMA launched a formal probe into the changes in January.Google committed to involve the CMA and the Information Commissioner’s Office, the U.K.’s privacy watchdog, in the development of its Privacy Sandbox proposals. The company promised to publicly disclose results of any tests of the effectiveness of alternatives, and said it wouldn’t give preferential treatment to Google’s advertising products or sites.”If accepted, the commitments we have obtained from Google become legally binding, promoting competition in digital markets, helping to protect the ability of online publishers to raise money through advertising and safeguarding users’ privacy,” Andrea Coscelli, chief executive of the CMA, said in a statement.The CMA said it would consult with “interested third parties” before deciding whether to accept Google’s commitments. If accepted, the watchdog would drop its enforcement case and engage with Google on the details of its proposals.”We appreciate the CMA’s thoughtful approach throughout the review and their engagement with the difficult trade-offs that this process inevitably involves,” Oliver Bethell, Google’s director of legal, said in a blog post.”We also welcome feedback from the public consultation and will continue to engage with the CMA and with the industry on this important topic” Bethell added. “We understand that our plans will be scrutinized, so we’ll also continue to engage with other regulators, industry partners and privacy experts as well.”The move is the latest sign of the CMA’s growing role in scrutinizing major U.S. tech firms — which are facing antitrust probes around the world — after Brexit. The watchdog has been tasked by the government with setting up a new Digital Markets Unit to police competition in the U.K.’s digital market.Last week, the U.K. and European Union launched two separate competition probes into Facebook on the same day. Meanwhile, Apple is also facing antitrust investigations in both Britain and Europe.

GAMIVO experienced a significant increase in sales, an increase in the number of active players, and a substantial revenue spike during the global Covid-19 pandemic

SLIEMA, Malta, June 11, 2021 /PRNewswire/ — The gaming industry suffered from the effects of the COVID-19 pandemic in 2020, while the videogame industry is expected to show double-digit growth in 2021 following phenomenal growth in the past two years. The COVID-19 pandemic will continue to influence gamers’ lives, increasing their video gameplay levels to stay connected and entertained during these difficult times. Although the pandemic has not resulted in substantial new video game consumers, it has significantly boosted the amount that existing video game consumers play. Active players say increased gaming has helped them achieve increased emotional and mental health during confusing and often frustrating stay-at-home measures. Games also help parents find common ground with their kids while assisting them in spending time connecting. Sixty percent of mature gamers and 75% of adolescent gamers reported playing more video games during the pandemic. Sixty-five percent of adult gamers and 78% of teenage gamers find that gaming while supporting stay-at-home health measures makes them feel better. Seventy percent of young gamers reported using online video games to stay connected while isolating themselves at home. Sixty-five percent of adult gamers with young children reported playing video games with their children, and almost half of this group reported playing more often during COVID-19. Gamers also identified video games as a means of helping family and friends stay bonded and connected throughout the pandemic. COVID-19 lockdowns are expected to support global gaming sales rise 20%, and growth shows no signs of slowing since the release of next-gen PlayStation and Xbox consoles. Videogames have transformed to look a lot like competition-based, interactive movies. The COVID-19 pandemic has helped the gaming industry make more money than the film industry and the North American sports industry combined. Moreover, GAMIVO.com has seen sales soar in recent years because of the variety of ways active players can game, which include but are not limited to: Mobile games, Digital copy games, In-app purchase (freemium) games, Cross-platform games—not limited to a specific console, Streaming game services, Games-as-a-subscription models, and Online distribution services. While console sales will boost new versions, that is not the most significant chunk of the industry, nor the fastest growing. And the largest gain is still yet to be realized. The greatest gain is expected to come from mobile gaming, with China playing a significant role in smartphone and tablet gaming revenue. Worldwide mobile gaming revenues, excluding in-game ad revenue, are anticipated to surge in the months and years ahead. Mobile game revenue is expected to widen primarily due to its already significant lead over the console and PC-based games; this shift marks a consumer economic consideration.  Unlike dedicated gaming consoles, mobile phones and tablets are more accessible, a necessity, and cheaper, all things considered. Somewhere between the console and the smart device usage stands PC gamers since their play requires a multifunctional device that’s more commonplace than consoles but less widespread than smartphones. Mobile Will Lead the Industry The gaming industry’s console and PC platforms face an interesting challenge of increasing the amount of money spent per customer. These companies should take cues from mobile, which now accounts for most industry revenue. The mobile device population is enormous, much larger than the console device population. Many gamers may be happy only playing on their mobile device of choice. All the high-revenue video games in the mobile market either launched on mobile or were exclusive to the platform-surpassed $1 billion in revenue to date. So, as stated earlier, GAMIVO.com has seen a significant positive impact on its revenues during the COVID-19 pandemic.These games allow people to spend virtual currency to progress quickly or get additional assets in the game, thus creating a race between players to spend money to one-up someone else, and then that person spends some money to battle back. The most competitive players want to win; this is the ‘why’ they spend more and more money. There is a willingness because players are having a lot of fun, but they achieve social status more than that.GAMIVO.com transacts the buying of game CD keys and activation codes for Steam, Origin, Uplay etc., so gaming enthusiasts can easily access the best gaming deals and discounts online; this service has proven to be very profitable and will continue to grow.

Playing in the Cloud is the hottest growth area, even before the pandemic, was and still is cloud-based services. Internet giants like Google, Amazon, Tencent, and Microsoft understand the infrastructure and streaming needs. Sony and Microsoft both have extensive catalogues of first-party IP and third-party games. There have been reports that Microsoft and Sony were reaching a strategic agreement. We might see Sony and Microsoft organize their back catalogues and new releases under one umbrella, becoming a convenient monthly subscription service where active players can access a collection of games, similar to how Netflix operates. A subscription service is an exciting development for the game industry because Google, Amazon, and Tencent can focus on infrastructure and innovations that can grant them a piece of the value chain, such as payments or fraud detection. But in the next few years, we could see much larger acquisitions than we have ever seen in the gaming industry’s history. The free-to-play model will increase. There is a chance for free-to-play (F2P) video games – games that give players access to large portions of their content without paying –  to become more solidly established as the leading marketing message for customer adoption. It is the standard in mobile, but it is gradually creeping into the PC and console world. There are increasingly more cross-platform games with a free-to-play model. Free-to-play with the virtual goods economy will boost the industry to double and possibly triple in size. The pandemic, in a way, created an environment for all the right things to happen to accelerate the industry. New console releases drive the industry.The benefit from new console releases is primarily felt in the U.S. and Canada. Video game spending rose sharply, while hardware sales, software, and accessory sales all climbed significantly. Console gains were more pronounced in late 2020 when Sony’s PlayStation 5 and Microsoft’s new Xbox line were released along with some long-awaited game titles.Since the beginning of the COVID-19 global pandemic, GAMIVO.com has witnessed an upswing in customer transactions resulting in a positive increase in revenue, which will most likely continue to grow throughout 2021 pandemic continues to change how people interact and play.  View original content:https://www.prnewswire.com/news-releases/gamivo-experienced-a-significant-increase-in-sales-an-increase-in-the-number-of-active-players-and-a-substantial-revenue-spike-during-the-global-covid-19-pandemic-301310776.htmlSOURCE GAMIVO

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Ubiquiti Inc. – UI

NEW YORK, June 11, 2021 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Ubiquiti Inc. (“Ubiquiti” or the “Company”) (NYSE: UI). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether Ubiquiti and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On January 11, 2021, Ubiquiti disclosed that a breach involving a third-party cloud provider had exposed customer account credentials.

On this news, Ubiquit’s stock price fell $13.69 per share, or 5.32%, over the following two days, closing at $243.76 per share on January 13, 2021. Then, on March 30, 2021, cybersecurity analyst Brian Krebs reported that “a source who participated in the response to that breach” alleged that Ubiquiti “massively downplayed a ‘catastrophic’ incident to minimize the hit to its stock price, and that the third-party cloud provider claim was a fabrication.” This anonymous security professional stated that the breach “was catastrophically worse than reported, and legal silenced and overruled efforts to decisively protect customers. . . . The breach was massive, customer data was at risk, access to customers’ devices deployed in corporations and homes around the world was at risk.” On this news, Ubiquiti’s stock price fell $18.78 per share, or 5.11%, to close at $349.00 per share on March 30, 2021.The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.comCONTACT:Robert S. WilloughbyPomerantz LLP rswilloughby@pomlaw.com 888-476-6529 ext. 7980

View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-ubiquiti-inc—ui-301310720.htmlSOURCE Pomerantz LLP

Romania Inflation Rises In May

(RTTNews) – Romania’s consumer price inflation rose in May, data from the National Institute of Statistics showed on Friday.

The consumer price index rose 3.8 percent year-on-year in May, following a 3.2 percent increase in April. Economists had expected a 3.5 percent rise.

Prices of non-food products grew 5.7 percent and those of food products rose by 1.52 percent in May. Services cost increased by 2.78 percent.

On a monthly basis, consumer prices rose 0.53 percent in May.

The EU measure of harmonized index of consumer prices, or HICP increased 3.2 percent yearly in May and rose 0.56 percent a month ago.

Cathie Wood, Bullish On Bitcoin, Lifts Coinbase Stake Above $1B, Snaps Up More UiPath Shares

Cathie Wood-led Ark Investment Management on Thursday snapped up more shares in Coinbase Global Inc (NASDAQ:COIN) on the dip on Thursday.

Ark Invest bought 60,813 shares, estimated to be worth about $13.5 million in Coinbase on the day shares of the company closed 1.1% lower at $221.85.

Wood’s firm deployed the Ark Innovation ETF (NYSE:ARKK) to buy the shares of the cryptocurrency exchange. The investment firm also holds the shares of the company via the Ark Next Generation Internet ETF (NYSE:ARKW) and the Ark Fintech Innovation ETF (NYSE:ARKF).

See Also: Cathie Wood Expects Bitcoin To Reach $500,000

Ark’s COIN stake is currently valued above $1 billion. In comparison, Ark Invest holds about 4.86 million shares, worth about $2.9 billion, in Tesla Inc (NASDAQ:TSLA), its largest holding.

The investment firm also snapped up 1.08 million shares, estimated to be worth about $80.07 million in New York-based software automation company UiPath Inc (NYSE:PATH) on the day shares popped higher.

Shares of the company closed 7.7% higher at $74.03 on Thursday.

See Also: Cathie Wood Loads Up Heavily On Debutant Uipath, Trims Tesla

The investment firm holds the shares of the company in all six active ETFs but deployed only four of them — the Ark Genomic Revolution ETF (BATS:ARKG), the Ark Autonomous Technology & Robotics (BATS:ARKQ), ARKK and ARKW — to buy the shares on Thursday.

ARKG bought 242,492 shares, ARKK bought 604,635 shares, ARKQ bought 87,472 shares, ARKW bought 147,038 shares on Thursday.

On a consolidated basis, Ark held 7.38 million shares worth $506.8 million in UiPath, as of Thursday. 

The products of the Bucharest, Romania-based software company are used by organizations to help efficiently automate their various business processes. 

Some of the other key Ark Invest sells on Thursday include Intercontinental Exchange Inc (NYSE:ICE) and buys include Pure Storage Inc (NYSE:PSTG).

TADS Awards 2021 — The World's First Annual International Awards for Tokenized Assets & Digitized Securities (“TADS”) Opens for Nominations

HONG KONG, June 11, 2021 /PRNewswire/ — TADS Awards is the world’s first annual international awards for the Tokenized Assets and Digitized Securities (“TADS”) sectors. Gathering individuals and businesses from around the world to share the energy that tokenization brings to financial markets, TADS Awards celebrates these industries by recognizing and honoring significant contributions and distinguished achievements worldwide.Nominations for the second-year’s TADS Awards to be held in 2021 (“TADS Awards 2021”) are now open for submission until 30th September 2021. Nominations can be self-submitted or submitted through TADS Awards’ Global Ambassadors, any TADS Awards’ partners or Committee Members. Details in relation to the nomination process are available at – https://tadsawards.org/ TADS Awards is co-organized by Asia Pacific Digital Economy Institute, Coinstreet Partners and the STO LAB, and is sponsored by GOIR and Wave Financial. It has received strong support from strategic partners, including (alphabetically):- Accenture, Association of Family Offices in Asia, Crypto Valley Association, Deloitte, Entoro Capital, Gibraltar Stock Exchange, Hong Kong Cyberport, HKbitEX, IBM, Microsoft Hong Kong, Morningstar, SBI Group, Somerley Capital, Stormharbour, TheTokenizer, and West Park Capital, among many others, plus support from its Global Ambassadors from over 16 countries.  Samson (SAM) Lee, Founder & CEO of Coinstreet Partners and Chairman of the Organizing Committee of TADS Awards, commented, “thanks to strong support from many industry leaders and key ecosystem drivers, TADS Awards was launched last year with great success. To keep abreast of market trends, we have introduced dynamic new elements to the second year’s TADS Awards including NFT Token Award, NFT Platform Award and Rising Stars Awards.”  David Wen, Chairman of Asia Pacific Digital Economy Institute, remarked that “tokenization provides a secure and standard way for digitization of our economy, so that more powerful and transparent financial tools can be used to help better manage risk & return and better serve the entire community.”

Nitin Gaur, Director of IBM Financial Sciences and Digital Assets at IBM said, “TADS Awards creates important recognition for best-of-breed ideas and solutions in the rapidly progressing area of asset tokenization and digital assets powered by technologies like digital identity, blockchain, DLT and IPFS.”Robert Lui, Partner and Hong Kong Digital Asset Leader of Deloitte commented, “Security Token Offering, or STO, is a regulated fundraising channel that is recognized by governments around the world and further empowered by blockchain technology to ensure the transparency and traceability of the asset tied to the token. Audit is, and will continue to be, a crucial mechanism to ensure the security token is compliant with local regulations in different countries, which is a major Fintech development in capital markets.”Sachiko Ohshige, Managing Director, Technology Strategy & Risk Lead of Accenture noted that “many financial institutions in the capital market space are looking to take full advantage of the opportunities of tokenization. Token-based trading platforms would need to emerge to provide the infrastructure for tokenized asset trading and establish a level playing field between conventional and new market infrastructures.”Peter Yan, Chief Executive Office of Hong Kong Cyberport, added that “TADS Awards have proven to be an important platform for promoting positive developments in tokenized assets and blockchain technology, helping people understand the latest applications in the space from all over the world. This awareness is essential to making Hong Kong a more attractive place for talents in the industry. Being home to Hong Kong’s largest FinTech community and many blockchain start-ups, Cyberport is glad to support this year’s edition of TADS awards.”Chris Carlin, Head of Alliances, Redistribution Solutions and Data Products at Morningstar Asia said “as the Tokenized Assets and Digitized Securities industry has grown from last year and is moving more into the mainstream, TADS Awards are a good time for us to reflect on who the emerging leaders are in this field. I am looking forward to taking a moment to recognize the companies that have demonstrated leadership in technology, products and platforms, as well as being innovative in the field.”

“The CVA is proud to be a part of TADS awards for a second year. The space is moving so fast that it is imperative to have good information to be successful. TADS Awards brings a clear classification and details on some of the most interesting developments, and we are excited that this year, we also include NFTs into the mix,” said Daniel Haudenschild, President of the Board of Directors, Crypto Valley Association.”I commented last year that a ‘wind of change’ was blowing through financial markets, a change we should, and must, embrace. Little did I realize how much change would come and how quickly, and with it some controversy. It is important to realize that Tokenized Assets and Digitized Securities are not equivalent to cryptocurrencies, though they are based on some of the same technology. While innovation is key, those of us promoting TADS and the systems to support TADS must strive to keep regulators onside and ensure that markets are comfortable with developments in this admittedly disruptive field,” said Mr. Martin Sabine, Chairman of Somerley Capital Holdings Limited.”In the world of fundraising, asset tokenization and STOs provide us with a more efficient and more flexible way of fundraising and investment structure on a global basis. TADS Awards brings together many good examples of STOs and can help promote the concept to an even wider platform,” reflected Stephan Law, Managing Director of ANS Capital Limited.Benjamin Tsai, President & Managing Partner of Wave Financial said “we are very pleased to be participating as a sponsor of TADS Awards 2021. It is a world-class event that recognizes excellence in the Digital Assets industry.”For TADS Awards 2021, a special mid-year awards will be hosted in Japan in June. Winners from the mid-year awards will automatically qualify as finalists in the year-end awards that will be hosted later in November 2021 in Hong Kong. The year-end awards will be a full-scale awards ceremony with a total of ten winners selected from two awards categories (five awards for each category) with the newly added NFT Token Award and NFT Platform Award.  In addition, a number of Rising Stars Awards have been created to encourage start-up companies and recognize innovative proof-of-concept projects in these industries :

(1) “BEST OF CLASS TADS” category is for issuers of different types of Tokenized Assets & Digitized Securities, including -Equity-Backed Token Asset-Backed Token Tokenized Debt Token NFT Token (new) ESG / SDG Token++  TADS Rising Stars (new)(2) “ECO-SYSTEM EXCELLENCE” category is for service providers and vertical solution providers along the TADS value chain, including -KYC / Compliance Token Issuance Digital Custodian NTF Platform (new) Brokerage / Asset Management++  Ecosystem Rising Stars (new)To review last year’s TADS Awards ceremony – “TADS Awards Gala 2020”, please visit –  https://tadsawards.org/winners/#stream

The related press release is also available in Chinese, Japanese, Korean, and German.About Asia Pacific Digital Economy InstituteAsia Pacific Digital Economy Institute (APDEI) aims to create a center of excellence, leadership, and partnership to incubate new thinking and innovation in practice; advance thought-leadership; generate new growth opportunities; enhance the competitiveness and productivity of business; and cultivate talents to accelerate the digital economy. For more information, please visit – https://apdei.org/About Coinstreet PartnersFounded in 2017, Coinstreet is an award-winning, decentralized investment banking group, a high-end financial services firm for private wealth, and a professional consultancy firm in the Digital Asset and FinTech sectors, providing a business eco-system for the new era of digital economy. Coinstreet Partners focuses on five key business segments: (1) Asset Tokenization & Digitized Securities Consultancy, (2) Digital Asset Management & Private Banking, (3) Digital Asset Global Distribution Coordination, (4) TADS Issuance, Trading & Management Platform, and (5) DeFi, NFT & DLT Solutions.  

Coinstreet is a co-organizer of Global Online Investor Roadshow (www.GOIR.info) – the next generation, institutional scale, online private placement platform for private equity, alternative investments, and digital asset opportunities; and a co-organizer of TADS Awards (www.TADSawards.org) – the world’s first international award for Tokenized Assets and Digitized Securities sector. For more information, please visit www.coinstreet.partnersAbout The STO LABIncubated by the Hong Kong Cyberport, the STO-LAB provides fully compliant, one-stop, end-to-end “asset tokenization” and “digitized security global distribution” solutions. The STO-LAB delivers asset tokenization services for a variety of asset types, including fixed assets, real estate, commodities, derivatives, stocks, debt, cash flow, and investment funds. The STO-LAB has established a global blockchain alliance network, with objectives of promoting Security Token Offering (STO) projects, facilitating convergence between digitized securities, tokenized assets and traditional financial market assets, and contributing to build a better eco-system for STO projects globally. For more information, please visit – https://thestolab.com/ 

Media contact :Camille Yau marketing@tadsawards.orgVisit our websiteFollow us on LinkedInSOURCE Coinstreet Partners

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Intrusion Inc. – INTZ

NEW YORK, June 10, 2021 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Intrusion Inc. (“Intrusion” or the “Company”) (NASDAQ:  INTZ).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether Intrusion and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action]On April 14, 2021, White Diamond Research published a report alleging, among other things, that Intrusion’s product, Shield, “has no patents, certifications, or insurance, which are all essential for selling cybersecurity products” and that “Shield is based on open-source data already available to the public.” Thus, the report stated that “Shield is a repackaging of pre-existing technology rather than an innovative offering.” Moreover, the report alleged that the claims that Shield “stopp[ed] a total of 77,539,801 cyberthreats from 805,110 uniquely malicious entities . . . in the 90-day beta program” were “outlandish,” leading White Diamond to question “[h]ow have these companies been able to function so far, as they’ve been attacked many times per minute by ransomware, malware, data theft, phishing and DDoS attacks?” 

On this news, Intrusion’s stock price fell $4.50 per share, or 15.93%, to close at $23.75 per share.The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.comCONTACT:Robert S. WilloughbyPomerantz LLPrswilloughby@pomlaw.com888-476-6529 ext. 7980 View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-intrusion-inc—intz-301310631.htmlSOURCE Pomerantz LLP

Sensex, Nifty Set To Open Higher On Firm Global Cues

(RTTNews) – Indian shares are likely to open a tad higher on Friday amid optimism that consumer and business confidence will get a boost, reflecting a phased easing of the lockdowns and a faster pace of vaccinations.

The government does not expect the economic impact of the second wave of the COVID-19 pandemic to be as severe as the first, said finance secretary TV Somanathan in an interaction with the media.

Banks could be in focus after the Reserve Bank of India (RBI) said it would conduct third tranche of open market purchase of Rs 40,000 crore under G-sec acquisition program on June 17.

In another development, media reports suggest that State Bank of India plans to transfer bad loans worth Rs 20,000 crore to the National Asset Reconstruction Company.

Benchmark indexes Sensex and the Nifty climbed around 0.7 percent each on Thursday amid the weekly expiration of index futures and option contracts.

The rupee ended down 9 paise at 73.06 against the dollar, extending losses for the third straight session.

Asian markets held mostly steady this morning as the G7 summit gets underway in Cornwall. A weaker dollar and U.S. bond yields helped gold hover near the key $1,900 per ounce level, while oil trimmed gains but headed for a third weekly rise.

U.S. stocks rose overnight as investors digested separate data showing another leap in consumer prices and a fall in unemployment benefits for the sixth straight week.

The Labor Department said its consumer price inflation rose an annual 5 percent in May, marking the highest annual inflation rate in nearly 13 years.

The Dow inched up 0.1 percent and the tech-heavy Nasdaq Composite gained 0.8 percent while the S&P 500 added half a percent to reach a new record closing high.

European stocks ended mixed on Thursday as the European Central Bank maintained an elevated flow of stimulus, as widely expected, and raised its growth and inflation projections.

The pan European Stoxx 600 ended flat with a positive bias. The German DAX slipped 0.1 percent and France’s CAC 40 index dipped 0.3 percent while the U.K.’s FTSE 100 inched up 0.1 percent.

Target Shareholders Elect 12 Members Of Board; Rejects Shareholder Proposal

(RTTNews) – Target Corp. (TGT) said that its shareholders elected 12 members of the board of directors. They also ratified the appointment of Ernst & Young LLP as the company’s independent registered accounting firm for fiscal 2021.

The shareholders approved, on a non-binding advisory basis, the company’s executive compensation.

The shareholders did not approve a non-binding shareholder proposal to amend the proxy access bylaw to remove the shareholder group limit.