PLUS two blows for the sport in Montreal, UEFA Euro news and more! “I’ve spoken at length with the people who will be doing that activity and I don’t see them getting in the way,” Harris said. The main hurdle to an ongoing series is whether it’s compelling television. (Bloomberg) -- Gold and silver reached the highest prices in more than three months, extending a recovery from a slump as growing inflation concerns and assurances on monetary policy pull investors back to the metals.Prices rose as U.S. stocks declined for a second day, with investors weighing the rush to reopen the economy against inflationary pressure from a rise in commodity prices. He previously covered Apple and other technology companies for Bloomberg News in San Francisco. They won’t pay anything up front for the club, which is currently owned by a supporter’s trust. Actors Ryan Reynolds and Rob McElhenney are acquiring a fifth-division English soccer club, and plan to use their own stardom—and a new documentary series—to promote the team globally. Alex Webb; Bookmark. Yet the market reaction was relatively muted after the PPI figures -- with 5-year and 10-year yields easing alongside a weaker greenback.The Fed’s own new “common inflation expectations” quarterly gauge, which aggregates a range of such measures, is hovering around 2%, a level that officials want to see overshot for some time.Meanwhile, prices have accelerated for materials as disparate as copper, cotton, rubber and lumber, as well as semiconductors, amid supply disruptions and surging demand.The disparity is a sign of the times amid an evolution -- perhaps revolution -- of central banking. Rob McElhenney and Ryan Reynolds won't pay anything up front for the club. Supporters took the club from private ownership in 2011, and in three years they paid off $660,000 of debt, Harris said. (Updates currency data in fifth, third-to-last paragraphs, and second chart. Fans are likely to only watch a match live, while documentaries attract return viewing. Rob McElhenney and Ryan Reynolds are the new owners of Wrexham AFC, a soccer team in Wales. FX Is Doing A Show Centering Around Ryan Reynolds And Rob McElhenney Owning A Soccer Team May 19, 2021 @ 6:33am It was announced Tuesday that a new FX docuseries called Welcome to Wrexham will track Rob McElhenney and Ryan Reynolds’ purchase and stewardship of the Welsh soccer team … (Bloomberg Opinion) -- Hollywood leading man Ryan Reynolds is on the cusp of acquiring the lowly Welsh soccer club Wrexham AFC. Instead, they’ve pledged to invest 2 million pounds in the club’s infrastructure, playing squad and facilities. Palladium rose, while platinum slipped.Investors will look to the minutes from the Federal Reserve’s April meeting due Wednesday for any sign that policy makers may reduce stimulus earlier than expected. The precious metals, which are often used as a hedge against rising consumer prices, are also benefiting from a weaker the dollar and wavering Treasury yields.Gold, which was dogged by higher bond rates at the start of the year, has staged a second-quarter turnaround. Visit Insider's homepage for more stories . Ryan Reynolds and Rob McElhenney buy Welsh soccer club Wrexham AFC The team's supporters overwhelmingly voted to accept a takeover by the two actors. For more articles like this, please visit us at bloomberg.com/opinion. The fans seem to think that’s a risk worth taking. (Bloomberg Opinion) -- Hollywood leading man Ryan Reynolds is on the cusp of acquiring the lowly Welsh soccer club Wrexham AFC. Wood thinks the latest plunge could be a good thing for the prospects of approval. As people approach retirement, they tend to add up their financial resources — Social Security benefits, defined benefit pensions, defined contribution balances, and other assets. The Fed’s commitment to run the economy hot has rattled markets in part because it means abandoning what has long been a core of their strategy: to act preemptively to curb inflation.In this brave new world, market participants are still grappling with whether to trust that officials will act before price surges get out of control and do more harm than good -- balanced against the full-employment mandate.That message is getting through to traders of the Australian and New Zealand currencies, while for others, hints of monetary policy tightening are giving reason to pile in.“The Bank of Canada and Norges Bank are the only central banks in the developed world to give an unambiguous signal that they’re contemplating withdrawing monetary accommodation,” said Stephen Miller, Sydney-based investment consultant at GSFM, a unit of Canada’s CI Financial Corp. “The RBA has been so aggressively beating the drum on keeping the pedal to the metal that it’s worked in terms of keeping the Aussie lower despite iron ore prices soaring.”A closer look at breakeven rates offers further evidence that investors largely aren’t acting on any inflation worries. Twitter Facebook Pinterest LinkedIn. (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.The surge in commodities prices is failing to trigger some of the traditional responses in bonds and currencies.Unlike recent commodities rallies in 2008 and 2011, yields on Treasuries and currencies of major exporters like Australia have barely budged. Its valuation depends on how much credit investors give the combined WarnerMedia/Discovery for its future streaming efforts. U.S. e-commerce sales rose 37%, the slowest online growth since the coronavirus outbreak. AP / Charles Sykes / Willy Sanjuan. “The odds are going up now that we have had this correction,” she said.Although her funds have taken a hit this year, with her flagship Ark Innovation ETF down more than 34% from its high in February, the firm’s product line-up hasn’t yet faced a monthly outflow, she said.“There were a lot of commentators out there, shall I say, screaming about how our ETFs would have to shut down, which is impossible,” she said.In fact, the move toward value sectors that’s caused her funds to suffer is encouraging to her.“The forces that the coronavirus put in motion supporting all of the innovation in which we invest, they’re not looking back,” she said. I thought January was something. A special refund from the IRS may be on its way, Buyers beware as "altcoin" frenzy bruises bitcoin, Cathie Wood, Still a Bitcoin Believer, Sees It Going to $500,000, What crypto analysts say investors should do as bitcoin market hit by ‘extreme fear’, Why AT&T's stock is getting smashed after mega media deal with Discovery, Bitcoin tumbles below $40,000 after China issues crypto warning, American families will finally get their Child Tax Credit money — here’s when the first payment will arrive. Here’s a Yahoo!article titled “Ryan Reynolds and Rob McElhenney Explain Why They Bought a Welsh Soccer Team,” and if you’re going into something like that expecting an answer, you may come away disappointed. Why not monetize that? The warning from China's central bank was posted on its WeChat account, according to analysts and media reports. From a business perspective, buying Wrexham as a vehicle for a Netflix show makes sense. Reynolds, the star of the Deadpool franchise, is an investor in wireless provider Mint Mobile and recently sold most of his equity in Aviation American Gin as part of a $610 million deal. Oh and by the way, the bull market had broadened out.”More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Crypto markets are in the midst of a substantial selloff that has shaken the conviction of some new investors in the nascent sector. Nov 12 2020, 12:30 PM Nov 13 2020, 12:43 AM November 12 2020, 12:30 PM November 13 2020, 12:43 AM (Bloomberg Opinion) --Hollywood leading man Ryan Reynolds is on the cusp of acquiring the lowly Welsh soccer … “They’re really interested in taking something with real potential, which this club has, investing in it, molding it and watching it grow. They’ve promised instead to invest at least $2.64 million (2 million pounds) into the club’s infrastructure. Led by the Federal Reserve, policy makers have consistently doubled down on lower-for-longer rates and projections for “transitory” inflation. FX has ordered two seasons of a new docuseries about actors Ryan Reynolds and Rob McElhenney purchasing and running one of the world’s oldest professional soccer clubs, Welsh football team Wrexham AFC, the cable channel said Tuesday. For Ryan Reynolds, it means buying an entire team. Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. The payments will reach more than 65 million children, according to senior administration officials. Warming Glow - Rob McElhenney and Ryan Reynolds’ decision to buy a soccer team together caught the sports and entertainment worlds by surprise, that considering neither one of them have experience in running a sports team, and the two actors barely seemed to know each other, which turned out to be more true … She noted that as highly volatile sectors in the stock market are selling off amid inflation fears, Bitcoin is dropping as well. Yields on 10-year German government bonds rose a further 3 basis points on Wednesday to minus 0.08%, the closest they’ve been to a positive value in two years.Citigroup Inc. strategists Hans Lorenzen and Chris Chapman cut their recommendation on long-duration euro corporate bonds straight to underweight from overweight on Monday, as a rise in rates pressures valuations, particularly on longer maturities.Fixed-rate corporate bonds stretching 10 years or longer have lost almost 5% this year, based on Bloomberg Barclays indexes. The drought was so acute that corporate index providers had to rewrite their rules as they were running out of bonds to track.But they’re becoming popular again, with investors such as Ertz at Union Investment seeking to buy more FRN bonds as havens against rising rates, ideally from a greater variety of issuers.“So far it’s been mainly financials, but corporate floaters from industrials and utilities would also be welcome,” he said. Perhaps more importantly, they have a plan to give the team a bigger platform, and hopefully grow its following. It’s not unreasonable to think a documentary alone could finance the $2.64 million, and potentially add additional funds to the club’s coffers. One of British Columbia's most famous sons has added to his business portfolio. One of just four Welsh teams in the English soccer structure, Wrexham rose to the second tier in 1980s but hasn’t been higher than the third division since the turn of the century. The owners’ star power could boost the numbers even higher. Wrexham Is The Name. Since the club is now supporter owned, the two actors won’t pay anything to acquire it up front. November 12, 2020, 2:00 AM EST It last traded just below $38,000.“We go through soul searching times like this and scrape the models, and yes our conviction is just as high,” she said.Although Elon Musk has soured on Bitcoin due to its environmental impact, Wood said once renewables are incorporated into the Bitcoin mining technology, like she expects, “Elon will come back and be part of that ecosystem.”Musk’s quick change in opinion on the largest cryptocurrency may have been caused by pushback from institutional shareholders like BlackRock, she said.Despite her long-term conviction, Bitcoin and other digital coins may face more pain before mounting a comeback.“You never know how low is low when a market gets very emotional,” she said. Two coaches gone in February! No one seems quite sure why two Hollywood actors are buying a Welsh soccer team, but everyone is very excited. By Clark Collis For Netflix and its rivals, sporting documentaries cost less to acquire than top-level sports programming (Premier League games cost 9 million pounds a pop) and have a longer shelf life. The two celebrities have an agreement to take over Wrexham AFC, which is based in … Holdings in exchange-traded funds backed by bullion rose for a seventh straight session.“It seems inflation fears are finally translating into higher precious metals prices,” said John Feeney, business development manager at Sydney-based bullion dealer Guardian Gold Australia. Wrexham typically generates between $1.98 million and $4.22 million in annual revenue, Harris said. Ryan Reynolds and It's Always Sunny in Philadelphia creator Rob McElhenney are looking to buy a Welsh soccer team. As owners of the team, Reynolds and McElhenney wouldn’t have to pay an additional cut to anyone else, as the producers of the other soccer documentaries did. When Ryan Reynolds Buys a Soccer Team, Dollars Await. During an interview with Men’s Health back in April, McElhenney and Reynolds … It looks like the purest expression yet of why the sport has been attracting a flock of U.S. investors: the seemingly insatiable demand for content.The star of “Deadpool” is partnering … One day during the pandemic, Ryan Reynolds decided to DM Rob McElhenney on Instagram. Duration, or price sensitivity to changes in yields, has become a hot topic in the corporate bond market and FRN’s offer a way of “getting out of duration risk,” according to Ertz.Renewed InterestUntil recently, investors had little reason to bid for floating-rate debt, given that central bank support was driving a rally in credit. The two celebrities have an agreement to take over Wrexham AFC, which is based in Wales and plays in the National League, four tiers below the English Premier League. That relationship underscores the central banking mantra these days that growth and employment should remain a greater focus than prices.Looking ahead, persistence in materials prices and further hints of wage gains could start to sway the Fed’s message -- and build momentum for investors to respond.“Recent record highs in metal prices are probably just the beginning,” Howie Lee, an economist at Oversea-Chinese Banking Corp., said in a May 11 report. Instead they've pledged to invest $2.64 million (2 million pounds) into the team's infrastructure. Likewise, the Federal Reserve’s favored measure of inflation expectations has disconnected from moves in raw materials.The biggest buffer: Central bank credibility. Wrexham plays in the 10,500-seat Racecourse Ground, which opened in 1807 and is the world’s oldest soccer stadium that still holds international matches. Basically just be Ted Lasso but, you know, real. AT&T's stock is the biggest loser in the S&P 500 on Tuesday. Stanford Restores 11 Sports After Outcry Over COVID-Inspired Cuts, David Blitzer Among Nearly a Dozen Buyers Interested in Real Salt Lake, Sporticast: Kobe Bryant’s Footwear Future, a $43 Billion Media Merger, Lindor Not Alone as MLB’s Big Contract Stars Struggle to Produce, Women’s Soccer Club Cup Adds Top Euro Teams and ESPN for August Return, Excel Sports Launches Media Arm to Produce Star Clients’ Stories, Overtime Picks Atlanta as Headquarters for Pro Teen Hoops League, Interactive Data Viz Chart for All 20 Premier League Team Valuations. For Reynolds and McElhenney, the dollars are orders of magnitude smaller, but they’re also banking on growing demand for sports content, both from fans and from streaming services like Netflix and Amazon. The Biden administration has announced payments will be starting this week. Innovation is on sale. The pair will take full control of the Wrexham Football Club, the third-oldest pro soccer team in the world, based in Wales, reportedly making an investment worth more than CAD $3 million. Send us a tip using our anonymous form. Rob McElhenney and Ryan Reynolds will star in an FX docuseries called Welcome to Wrexham. “These are two very successful people who have done great things on-screen and some great things off-screen,” said Spencer Harris, the club’s director. A Hollywood duo is trying to buy a low-ranked Welsh soccer team. Give me real scenes, real stories but give me comedy too. … Retirement investors have never had it so good. A paper that my colleague Anqi Chen and I wrote last year — “How Much Taxes Will Retirees Owe on Their Retirement Income?” — keeps hitting the “top 10” list on a major listserv for social sciences research. For those clubs, the documentaries were just one strand of the business — and a small one at that. Crypto Market Loses $460B as Ether, Altcoins Follow Bitcoin’s Deep Dive, 3 Reasons Your 401(k) Is Not Enough for Retirement. Among the major "altcoins" - as all cryptocurrencies aside from bitcoin are known - some such as ethereum aspire to be the backbone of a future financial system. Bitcoin, the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk, but the news from China sent it further down, It hit a 3-1/2-month low of $30,066. The Hollywood approach to Wrexham seems different, because it looks like the prospective show is key to why they want the club in the first place.