The bank is yet to say if it will shed more jobs beyond the 35,000 it flagged earlier this year., The bank is yet to say if it will shed more jobs beyond the 35,000 it flagged earlier this year.,
Financial News
CLICK ON ARTICLES FOR DETAILS
BP Narrowly Avoids Third-Quarter Loss, , on October 27, 2020 at 7:48 am
(Bloomberg) -- BP Plc narrowly avoided a third-quarter loss, but warned there are many challenges ahead as the pace of recovery in oil demand remains uncertain.The company defied analyst expectations to eke out a small profit as a rebound in earnings from fuel...
U.S. Sanctions Iranian Oil Minister, , on October 27, 2020 at 6:54 am
Oct.27 -- The U.S. Treasury Department has sanctioned Iran’s Minister of Petroleum as well as some of the entities related to the country’s oil production and that comes as tensions rise between the two countries ahead of the U.S. election next week. Bloomberg’s...
Sheldon Adelson’s Last Roll of the Dice May Be His Boldest, , on October 27, 2020 at 4:45 am
(Bloomberg Opinion) -- No one ever said that the casino industry didn’t involve risky bets. Sheldon Adelson, the billionaire founder of Las Vegas Sands Corp., is considering a $6 billion sale of the Nevada casinos that made his fortune, people familiar with the matter...
Jack Ma’s Ant Plans Early Book Close for Hong Kong IPO, , on October 27, 2020 at 4:29 am
(Bloomberg) -- Jack Ma’s Ant Group Co. is planning to stop taking investor orders for the Hong Kong leg of its initial public offering a day earlier than scheduled as the record stock sale has already been heavily subscribed, according to people familiar with the...
Tesla Ends Controversial Indemnification Agreement With Elon Musk, , on October 27, 2020 at 3:55 am
Tesla Inc (NASDAQ: TSLA) has ended a controversial practice where it paid its CEO Elon Musk to provide Directors and officers (D&O) liability insurance, the electric vehicle maker revealed in a filing with the U.S. Securities and Exchange Commission.What Happened:...
Ant IPO By the Numbers: It’s Bigger Than Finland’s GDP, , on October 27, 2020 at 2:46 am
(Bloomberg) -- There’s no shortage of superlatives for Ant Group Co.’s initial public offering. Here’s a look at some of the key metrics, and why billionaire Jack Ma seems to be such a fan of the number eight.IPO: $34.5 BillionAnt’s $34.5 billion IPO blows past the...
Were These Hedge Funds Right About Warming Up to IBM?, , on October 27, 2020 at 2:45 am
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 823 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge...
Were Hedge Funds Right About Avoiding Accenture Plc (ACN)?, , on October 27, 2020 at 2:30 am
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years....
Tencent Surges After U.S. Court Upholds Stay on WeChat Ban, , on October 27, 2020 at 2:24 am
(Bloomberg) -- The Trump administration lost a bid to enforce its prohibitions against the Chinese-owned “super app” WeChat in the U.S. after appealing a judge’s ruling that the ban probably violates the free-speech rights of its users.Upholding a trial judge, the...
Walmart CEO gives his outlook for retail, , on October 27, 2020 at 2:21 am
Walmart CEO Doug McMillon joins Yahoo Finance's All Markets Summit to discuss his outlook for retail in 2020 and beyond., Walmart CEO Doug McMillon joins Yahoo Finance's All Markets Summit to discuss his outlook for retail in 2020 and beyond.,
Delta Air Lines CEO on the health of the travel industry, , on October 27, 2020 at 2:01 am
Delta Air Lines CEO Ed Bastian joins Yahoo Finance's All Markets Summit with his take on the health of the airline industry and the future of travel., Delta Air Lines CEO Ed Bastian joins Yahoo Finance's All Markets Summit with his take on the health of the airline...
How to cope if Amy Coney Barrett helps end Obamacare, , on October 27, 2020 at 1:37 am
The new Supreme Court justice could help kill the health care law. What if you rely on it?, The new Supreme Court justice could help kill the health care law. What if you rely on it?,
Good Entry Point for Gilead Sciences (GILD)? Not Just Yet, Says Analyst, , on October 27, 2020 at 12:25 am
Gilead Sciences (GILD) notched a first last week, when its antiviral coronavirus treatment Veklury (remdesivir) received full FDA approval.The treatment had previously been granted emergency use authorization (EUA), but the complete go ahead from the regulatory body...
Apple (AAPL), Amazon (AMZN) Among Brasada Capital Management’s Biggest Quarterly Moves, , on October 27, 2020 at 12:21 am
Mark McMeans’ Brasada Capital Management is a Houston-based long/short equity hedge fund founded in 2008. The fund takes a conservative approach to its investments, including using hedging and risk management strategies to achieve its desired risk-adjusted returns....
Las Vegas Sands mulling $6 billion sale of Vegas casinos: source, , on October 27, 2020 at 12:18 am
The properties included in the potential sale are Sands Expo Convention Center, the Venetian Resort Las Vegas and the Palazzo, the source added, asking not to be identified. Bloomberg reported earlier that Las Vegas Sands is working with an adviser to solicit interest...
Salesforce’s Benioff Says SAP’s Troubles Are ‘Unique to Them’, , on October 26, 2020 at 11:57 pm
(Bloomberg) -- Salesforce.com Inc. Chief Executive Officer Marc Benioff criticized rival SAP SE’s business performance in stark terms, rejecting the notion that the German software giant’s challenges are an omen for his company.At “SAP, you can see they’re having very...
Charles Schwab to cut about 1,000 jobs, , on October 26, 2020 at 11:47 pm
"These reductions are part of our efforts to reduce overlapping or redundant roles across the two firms," Charles Schwab, which completed the acquisition of TD Ameritrade earlier in October, said. In November last year, Charles Schwab had agreed to buy TD Ameritrade...
Facebook: Rebounding Ad Market Signals a Strong Q3, Says 5-Star Analyst, , on October 26, 2020 at 11:17 pm
Earnings season is in full swing, and will reach a peak of sorts on Thursday, when all FAANG stocks (except Netflix) report Q3 results.Ahead of the battle of the mega-caps, Stifel analyst John Egbert expects Facebook (FB) to beat the estimates.The 5-star analyst...
AMD Expected To Draw Strength From Intel’s Weaknesses, Gaming Console Chips, , on October 26, 2020 at 11:00 pm
Advanced Micro Devices, Inc. (NASDAQ: AMD) is on tap to release its third-quarter earnings report Tuesday after the market closes. The report assumes significance, as rival chipmaker Intel Corporation (NASDAQ: INTC) turned in a disappointing quarterly performance.Q1...
J.C. Penney Lenders Say They’re Facing ‘Economic Terrorism’, , on October 26, 2020 at 10:18 pm
(Bloomberg) -- Tensions flared in bankruptcy court Monday over J.C. Penney Co.’s proposed sale to its lenders and landlords, with one lawyer alleging a dissenting creditor group is waging “economic terrorism” in search of a payout.Those creditors, led by Aurelius...
Stock market news live updates: Stock futures tick higher after Dow’s worst drop in nearly two months, , on October 26, 2020 at 10:15 pm
Stock futures opened flat to slightly higher Monday evening after a selloff on Wall Street pushed the Dow and S&P 500 to their biggest one-day drops in more than a month., Stock futures opened flat to slightly higher Monday evening after a selloff on Wall Street...
Adelson’s Las Vegas Sands Exploring $6 Billion Sale of Vegas Casinos, , on October 26, 2020 at 10:08 pm
(Bloomberg) -- Sheldon Adelson’s Las Vegas Sands Corp. is exploring the sale of its flagship casinos in Las Vegas, according to people familiar with the matter, a move that would mark the mogul’s departure from the gambling mecca.The casino operator is working with an...
Former Trump advisor Gary Cohn: Markets are down on the ‘100% probability’ that stimulus deal won’t pass before the election, , on October 26, 2020 at 9:47 pm
A big reason for Monday's stock selloff, according to Gary Cohn, is the “100% percent probability” that we are not going to have fiscal stimulus before an election., A big reason for Monday's stock selloff, according to Gary Cohn, is the “100% percent probability”...
Twilio posts surprise profit on remote-work boost, , on October 26, 2020 at 9:29 pm
The cloud communications company, however, expects to post a loss of 8 cents to 11 cents per share for the current quarter. Analysts on average were expecting a profit of 2 cents. Excluding items, Twilio posted a profit of 4 cents per share for the third quarter,...
5 Healthcare Stocks the Experts at Aquilo Capital Management Are Buying (1 Has Gained 88% This Month), , on October 26, 2020 at 9:28 pm
Marc Schneidman’s Aquilo Capital Management is a San Francisco-based, healthcare-focused long/short hedge fund that was founded in 2010. The fund uses CIO Schneidman’s 20 years of industry expertise in biotech research and investments, which included 15 years working...
Citron Explains Change Of Heart On Jumia Technologies, $100 Price Target, , on October 26, 2020 at 9:07 pm
Citron Research has gone from bearish to bullish on Jumia Technologies, a Berlin-based e-commerce company operating in Africa. The Citron Bullish Case: Citron Research flagged problems at Jumia Technologies (NYSE: JMIA) in May 2019 that it said included financial...
Gary Cohn on Biden’s tax plan and US corporate tax rates, , on October 26, 2020 at 8:17 pm
Gary Cohn, former president and CEO of Goldman Sachs and former White House National Economic Council Director: 'I think you have to get the corporate tax rate to a level that makes sense in the global tax landscape.', Gary Cohn, former president and CEO of Goldman...
Wells Fargo Exploring $1 Billion-Plus Corporate-Trust Sale, , on October 26, 2020 at 8:06 pm
, ,
Were Hedge Funds Right About Embracing Regeneron Pharmaceuticals Inc (REGN)?, , on October 26, 2020 at 8:00 pm
In this article we will check out the progression of hedge fund sentiment towards Regeneron Pharmaceuticals Inc (NASDAQ:REGN) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a...
Fauci: Early COVID-19 vaccines will only prevent symptoms, not block the virus, , on October 26, 2020 at 7:50 pm
At Yahoo Finance's All Markets Summit, Dr. Anthony Fauci outlines the key goals of COVID-19 vaccine candidates racing to the finish line., At Yahoo Finance's All Markets Summit, Dr. Anthony Fauci outlines the key goals of COVID-19 vaccine candidates racing to the...
We’re Hopeful That Research Frontiers (NASDAQ:REFR) Will Use Its Cash Wisely, , on October 26, 2020 at 7:50 pm
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the..., Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...,
Former presidential candidate Carly Fiorina on Biden, , on October 26, 2020 at 7:45 pm
Carly Fiorina on Joe Biden: "Who he is what we need right now.", Carly Fiorina on Joe Biden: "Who he is what we need right now.",
Was The Smart Money Right About Snap Inc. (SNAP)?, , on October 26, 2020 at 7:43 pm
Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren’t...
Carly Fiorina on how the business community thinks about Trump and its response to the pandemic, , on October 26, 2020 at 7:34 pm
Carly Fiorina, former Hewlett Packard CEO, says not that many businesses are willing to associate themselves and brands with Donald Trump., Carly Fiorina, former Hewlett Packard CEO, says not that many businesses are willing to associate themselves and brands with...
3 Stocks Under $5 That Are Ripe for a Turnaround, , on October 26, 2020 at 7:30 pm
Investors are always on the lookout for the best stock purchase, but the signs that indicate the ‘right’ stocks are an inconsistent lot. A high or rising share price, upside potential, or dividend payment have all been used – but all have their exceptions. Some...
Pacific Ethanol to change name to reflect pivot away from fuel ethanol, , on October 26, 2020 at 7:01 pm
, ,
SAP Sends Warning for Software Earnings With Dire Forecast, , on October 26, 2020 at 6:54 pm
(Bloomberg) -- Dire earnings results at SAP SE wiped out more than 35 billion euros ($41 billion) from the German software company’s market value in a matter of minutes, sending a warning to tech investors about the health of the business software industry.In a...
L.A.-Area Blaze Routs Thousands as Hurricane-Like Winds Rage, , on October 26, 2020 at 6:51 pm
(Bloomberg) -- More than two dozen wildfires have broken out in California as hurricane-strength gusts sweep the state, including a blaze outside Los Angeles that’s forced 60,000 people to evacuate.Firefighters have managed to tamp down most of the fires, which began...
Dr. Anthony Fauci on getting COVID-19 vaccines by the end of 2020, , on October 26, 2020 at 6:51 pm
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases (NIAID), discusses the progress made on COVID-19 vaccines., Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases (NIAID), discusses the...
Analysts Spot a Bottom in These 2 Stocks, , on October 26, 2020 at 5:55 pm
Kenny Rogers sang, in “The Gambler,” “You got to know when to hold 'em, know when to fold 'em" -- a poker reference that has merged into popular culture. But how many know another line of the same song? "…Every hand’s a winner/And every hand’s a loser…"The meaning, of...
Tesla Raises Capex Guidance, Plans Outlay Of Up To $12B Over 2 Years, , on October 26, 2020 at 5:51 pm
Tesla Inc (NASDAQ: TSLA) operates in a capital-intensive industry, and the electric vehicle giant is stepping up investment to maintain its lead over the competition.What Happened: Tesla's capex for fiscal year 2020 will likely come in at the high end of its guidance...
Delta CEO: We’re ready to come back when people are, , on October 26, 2020 at 5:41 pm
Delta Air Lines CEO Ed Bastian on flying demand: "We don’t want customers to worry about their health on our planes.", Delta Air Lines CEO Ed Bastian on flying demand: "We don’t want customers to worry about their health on our planes.",
Delta Air Lines CEO: Pre-election stimulus looks unlikely, but both parties support money for airlines, , on October 26, 2020 at 5:35 pm
Delta Air Lines CEO Ed Bastian: "At whatever point a stimulus is approved, I'm optimistic it will support the sector.", Delta Air Lines CEO Ed Bastian: "At whatever point a stimulus is approved, I'm optimistic it will support the sector.",
Former NY Fed chief: Central bank’s ability to stimulate economy ‘rapidly diminishing’, , on October 26, 2020 at 5:29 pm
Former New York Fed President Bill Dudley says the Fed's ability to prop up the economic recovery is getting weaker., Former New York Fed President Bill Dudley says the Fed's ability to prop up the economic recovery is getting weaker.,
Delta Air Lines CEO on safety of flying during COVID: “air travel is incredibly safe.”, , on October 26, 2020 at 5:28 pm
Delta Air Lines CEO Ed Bastian says "We haven't had a single documented case of transmission aboard our aircraft, even though we’re flying 1M per week.", Delta Air Lines CEO Ed Bastian says "We haven't had a single documented case of transmission aboard our aircraft,...
Was The Smart Money Right About Souring On Chevron Corporation (CVX)?, , on October 26, 2020 at 5:23 pm
In this article we are going to use hedge fund sentiment as a tool and determine whether Chevron Corporation (NYSE:CVX) is a good investment right now. We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds...
Was The Smart Money Right About Souring On American Express Company (AXP)?, , on October 26, 2020 at 4:52 pm
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’...
Were These Hedge Funds Right About Selling Vertex Pharmaceuticals Incorporated (VRTX)?, , on October 26, 2020 at 4:52 pm
Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren’t...
Walmart CEO Doug McMillon on lack of stimulus, , on October 26, 2020 at 4:42 pm
Walmart CEO Doug McMillon says retailer is asking Congress for targeted assistance., Walmart CEO Doug McMillon says retailer is asking Congress for targeted assistance.,
Were These Hedge Funds Right About Dumping Starbucks Corporation (SBUX)?, , on October 26, 2020 at 4:27 pm
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts...
Were Hedge Funds Right About Crowding Into Pinterest, Inc. (PINS)?, , on October 26, 2020 at 4:08 pm
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a...
Were Hedge Funds Right About Crowding Into DraftKings Inc. (DKNG)?, , on October 26, 2020 at 4:07 pm
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’...
Hedge Funds Have Never Been This Bullish On The PNC Financial Services Group Inc. (PNC), , on October 26, 2020 at 4:06 pm
Keeping this in mind, let’s analyze whether The PNC Financial Services Group Inc. (NYSE:PNC) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There’s no better way to get these firms’ immense...
Why Micron Technology (MU) Stock is a Compelling Investment Case, , on October 26, 2020 at 4:01 pm
Bonsai Partners recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 63.3% for the quarter (net of fees), outperforming their benchmark, the S&P 500 Index which returned 8.9% in the same quarter. You...
Fauci: The US is still in the first wave of COVID-19, , on October 26, 2020 at 4:01 pm
Dr. Anthony Fauci, the nation’s top infectious disease expert, joined Yahoo Finance's All Markets Summit to discuss what phase of the novel coronavirus the United States is now in., Dr. Anthony Fauci, the nation’s top infectious disease expert, joined Yahoo Finance's...
Why Taiwan Semiconductor (TSM) Stock is a Compelling Investment Case, , on October 26, 2020 at 3:58 pm
Bonsai Partners recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 63.3% for the quarter (net of fees), outperforming their benchmark, the S&P 500 Index which returned 8.9% in the same quarter. You...
Altria Group, Inc. (NYSE:MO) Shares Could Be 47% Below Their Intrinsic Value Estimate, , on October 26, 2020 at 3:53 pm
How far off is Altria Group, Inc. (NYSE:MO) from its intrinsic value? Using the most recent financial data, we'll take..., How far off is Altria Group, Inc. (NYSE:MO) from its intrinsic value? Using the most recent financial data, we'll take...,
Philip Morris International Inc. (PM): Are Hedge Funds Right About This Stock?, , on October 26, 2020 at 3:13 pm
Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren’t...
Were Hedge Funds Right About Dumping Exxon Mobil Corporation (XOM)?, , on October 26, 2020 at 3:13 pm
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts...
Were Hedge Funds Right About Becton, Dickinson and Company (BDX)?, , on October 26, 2020 at 3:12 pm
Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren’t...
Bill Gates: Treatment of health experts one of ‘many issues’ in 2020 campaign, , on October 26, 2020 at 2:53 pm
, ,
Bill Gates evaluates US COVID response and offers latest vaccine outlook, , on October 26, 2020 at 2:36 pm
, ,
3 Big Dividend Stocks Yielding Over 7%; JMP Says ‘Buy’, , on October 26, 2020 at 2:26 pm
With markets showing volatile movements in recent sessions – down one day, up the next – some of Wall Street’s analysts are showing a renewed interest in high-yield dividends. Not that they have ever shied away from these steady income generators; rather, the market...
Bill Gates: Facebook and YouTube ‘doing more’ to address COVID misinformation, , on October 26, 2020 at 2:23 pm
, ,
Bill Gates: Trump’s COVID adviser a ‘pseudo-expert’, , on October 26, 2020 at 2:11 pm
, ,
Jack Ma Wealth Surges Above Walmart Heirs’ With Record Ant IPO, , on October 26, 2020 at 1:56 pm
(Bloomberg) -- Jack Ma, the former English teacher who co-founded Alibaba Group Holding Ltd. with $60,000, is poised to become the world’s 11th richest person after Ant Group Co. priced shares for a record initial public offering.Ma’s 8.8% stake is worth $27.4 billion...
Hasbro Tumbles After Results Fall Short of Rival Mattel’s, , on October 26, 2020 at 1:49 pm
(Bloomberg) -- Hasbro Inc. fell the most since July after reporting third-quarter sales that disappointed investors in contrast with rival Mattel Inc.’s results last week.Hasbro, the largest U.S. toymaker, said Monday that revenue fell 4% on a pro forma basis to $1.78...
5 financial moves you need to make before the end of 2020, , on October 26, 2020 at 1:46 pm
, ,
Citi CEO Michael Corbat on recent $400M fine, , on October 26, 2020 at 1:25 pm
Citi CEO Michael Corbat discusses recent $400M fine imposed by banking regulators against the firm., Citi CEO Michael Corbat discusses recent $400M fine imposed by banking regulators against the firm.,
SAP’s Failure to Adapt Just Cost It $38 Billion, , on October 26, 2020 at 1:19 pm
(Bloomberg Opinion) -- If you’re trying to convince your customers to change how they spend 15 billion euros ($17 billion) a year and the pandemic-induced lockdown accelerates the process, that should be good news, right?Not in the case of SAP SE. The stock tumbled...
I Refinanced My Mortgage. Here’s What Happened to My Credit Score, , on October 26, 2020 at 1:00 pm
, ,
Is IZEA Worldwide (NASDAQ:IZEA) A Risky Investment?, , on October 26, 2020 at 12:45 pm
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to..., Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...,
Earnings Beat: Zedge, Inc. (NYSEMKT:ZDGE) Just Beat Analyst Forecasts, And Analysts Have Been Lifting Their Forecasts, , on October 26, 2020 at 12:19 pm
Zedge, Inc. (NYSEMKT:ZDGE) defied analyst predictions to release its yearly results, which were ahead of market..., Zedge, Inc. (NYSEMKT:ZDGE) defied analyst predictions to release its yearly results, which were ahead of market...,
4 Health Stocks Stonepine Capital Loves (1 Has Gained 233% Since September 29), , on October 26, 2020 at 12:09 pm
Timothy P. Lynch’s Stonepine Capital is a life science-focused hedge fund that seeks to utilize its industry experience to uncover undervalued and under-the-radar health companies. The fund takes a long-term approach to its small number of investments, which are...
Only Two Days Left To Cash In On Texas Instruments’ (NASDAQ:TXN) Dividend, , on October 26, 2020 at 11:42 am
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be..., Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...,
Earnings Beat: Tractor Supply Company Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models, , on October 26, 2020 at 11:37 am
Tractor Supply Company (NASDAQ:TSCO) just released its third-quarter report and things are looking bullish. It was..., Tractor Supply Company (NASDAQ:TSCO) just released its third-quarter report and things are looking bullish. It was...,
Stock market news live updates: Stock futures sink as U.S., Europe battle virus resurgence, , on October 26, 2020 at 11:31 am
Stock futures pointed sharply lower Monday morning as new data showed a jump in COVID-19 cases in both the U.S. and Europe. Restrictions tightened across major countries overseas, raising the specter of a further pullback in business operations and deeper anchor on...
Timothy Springer of Selecta Biosciences, Inc. (NASDAQ:SELB) Just Spent US$9.6m On Shares, , on October 26, 2020 at 11:09 am
Those following along with Selecta Biosciences, Inc. (NASDAQ:SELB) will no doubt be intrigued by the recent purchase..., Those following along with Selecta Biosciences, Inc. (NASDAQ:SELB) will no doubt be intrigued by the recent purchase...,
Libya Reopens Last Major Oil Field in Another Blow to OPEC+, , on October 26, 2020 at 10:54 am
(Bloomberg) -- Libya is set to restart the last of its major oil fields following a ceasefire in its civil war, a milestone for the OPEC member that’s been largely offline since January.Oil dropped after the state energy firm lifted force majeure on exports from El...
Imagine Holding Altimmune (NASDAQ:ALT) Shares While The Price Zoomed 494% Higher, , on October 26, 2020 at 10:22 am
The last three months have been tough on Altimmune, Inc. (NASDAQ:ALT) shareholders, who have seen the share price..., The last three months have been tough on Altimmune, Inc. (NASDAQ:ALT) shareholders, who have seen the share price...,
Here’s What We Like About Citigroup’s (NYSE:C) Upcoming Dividend, , on October 26, 2020 at 10:13 am
Citigroup Inc. (NYSE:C) stock is about to trade ex-dividend in three days. Ex-dividend means that investors that..., Citigroup Inc. (NYSE:C) stock is about to trade ex-dividend in three days. Ex-dividend means that investors that...,
There’s almost no presidential election scenario that market forecasters don’t like: Morning Brief, , on October 26, 2020 at 9:47 am
Top news and what to watch in the markets on Monday, October 26, 2020., Top news and what to watch in the markets on Monday, October 26, 2020.,
Bayer to Spend Up to $4 Billion for AskBio’s Gene Therapies, , on October 26, 2020 at 9:29 am
(Bloomberg) -- Bayer AG agreed to acquire U.S. biotech company Asklepios BioPharmaceutical Inc. for as much as $4 billion, bolstering its pharma division with experimental gene therapies before patents expire on some key drugs.The German chemicals giant will pay $2...
Coca-Cola European Goes Global With $6.6 Billion Deal, , on October 26, 2020 at 9:23 am
(Bloomberg) -- Coca-Cola European Partners Plc agreed to buy Australian bottler Coca-Cola Amatil Ltd., creating a global producer of packaged beverages to better withstand a slowdown in the industry and the shift away from sugary drinks.The purchase values...
Fiat, PSA to win EU approval for $38 billion merger: sources, , on October 26, 2020 at 9:13 am
Fiat Chrysler and PSA are set to win EU approval for their $38 billion merger to create the world's No.4 carmaker, people close to the matter said, as they strive to meet the industry's dual challenges of funding cleaner vehicles and the global pandemic. The green...
No Appropriate Mechanisms To Resolve Thailand’s Crisis, ISEAS’ Montesano Says, , on October 26, 2020 at 9:03 am
Oct.26 -- ISEAS-Yusof Ishak Institute Visiting Senior Fellow Michael Montesano believes mechanisms appropriate to solving Thailand’s current crisis do not seem to be available. He was speaking with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia.",...
China to Sanction Boeing, Raytheon Over Arms Sales to Taiwan, , on October 26, 2020 at 8:22 am
, ,
Samsung Heirs Owe Billions in Taxes. Here’s How They Might Pay, , on October 26, 2020 at 8:12 am
(Bloomberg) -- The heirs of Samsung Electronics Co. Chairman Lee Kun-hee, who died Sunday, could face billions of dollars in inheritance taxes. But that doesn’t necessarily mean they’ll have to cede control over the group by selling shares.South Korea’s richest man...
China Reminds Markets the Yuan’s Challenge to Dollar Is Still On, , on October 26, 2020 at 7:37 am
(Bloomberg) -- Investors wondering how China plans to evolve its financial markets in the coming years need look no further than the commentary from the weekend’s Bund Summit in Shanghai for guidance.People’s Bank of China Governor Yi Gang said that promoting broader...
Bayer to acquire Asklepios Bio in foray into gene therapy worth up to $4 billion, , on October 26, 2020 at 7:35 am
Bayer agreed to acquire unlisted U.S. biotech firm Asklepios BioPharmaceutical Inc for as much as $4 billion in a bet on gene therapy with the help of modified viruses. Germany's Bayer will pay $2 billion upfront and up to an additional $2 billion in milestone...
Oxford COVID-19 vaccine trials produce robust immune response in elderly – FT, , on October 26, 2020 at 6:14 am
, ,
Chevron bets on Middle East gas riches and reconciliation, , on October 26, 2020 at 6:01 am
After years of focusing on U.S. shale, Chevron Corp is staking its natural gas future on the Middle East, a volatile and divided region where energy majors have long tread warily. CEO Michael Wirth's pivot away from home is underpinned by a bet that the Middle East is...
UBS WM Sees Opportunities in China’s Green Technologies, , on October 26, 2020 at 5:32 am
Oct.26 -- Hartmut Issel, head of Asia Pacific equities and credit at UBS Wealth Management, discusses the opportunities he sees in China's green technologies. He speaks with Rishaad Salamat and Haslinda Amin on "Bloomberg Markets: Asia.", Oct.26 -- Hartmut Issel, head...
Stocks Could Rally Into Election Day If History Is a Guide, , on October 26, 2020 at 4:48 am
(Bloomberg) -- U.S. Election Day is just over a week away and history says that’s good news for stocks.Over the last 30 years, the S&P 500 has rallied in the week before the presidential election, with one notable exception -- 2016 -- according to Miller Tabak...
Gold hits over one-week low as dollar gains ground, , on October 26, 2020 at 4:25 am
"In the near-term, there seems to be a lack of impetus to find extra buyers (for gold)... A lot of it is because we're trading in the looming shadow of the U.S. elections and stimulus speculation," said IG Markets analyst Kyle Rodda. U.S. House Speaker Nancy Pelosi on...
AMP’s Naeimi Sees Opportunities Outside U.S., Across Asia, , on October 26, 2020 at 3:51 am
Oct.25 -- Nader Naeimi, head of dynamic markets at AMP Capital Investors, discusses the negotiations in the U.S. over a stimulus package, the opportunities he sees in global stocks, and the outlook for the energy industry. He also talks about China's economic policies...
Tesla Set To Be ‘One Of The Biggest Winners’ In A Biden Presidency, Says Analyst, , on October 26, 2020 at 3:48 am
Tesla Inc (NASDAQ: TSLA) stands to be among the major gainers in the event Joe Biden wins the presidential race, CFRA analyst Garrett Nelson told Yahoo Finance in an interview Friday.What Happened: Nelson said that Tesla would be "one of the biggest winners" due to...
Google, Temasek Agree to Invest $350 Million in Tokopedia, , on October 26, 2020 at 3:14 am
(Bloomberg) -- Google and Temasek Holdings Pte have agreed to invest about $350 million in PT Tokopedia, people familiar with the matter said, a major cash infusion that will bankroll the Indonesian online mall’s post-Covid-19 expansion.The Alphabet Inc. unit and...
Jack Ma’s Ant Group Sets Price for Record $35 Billion IPO, , on October 26, 2020 at 3:12 am
(Bloomberg) -- Ant Group Co. has set the price for its initial public offering in Shanghai, paving the way for a blockbuster sale that may give the Chinese fintech giant a valuation higher than JPMorgan Chase & Co.Billionaire founder Jack Ma, speaking at a weekend...
Instant Quote
Singapore
168 Robinson Road,
Capital Tower, Singapore 068912
+65 3105 1295
Taiwan
5th Floor, No. 1-8, Section 5, Zhongxiao East Road, Taipei
Hong Kong
R91, 3rd Floor,
Eton Tower, 8 Hysan Ave.
Causeway Bay, Hong Kong
+852 3002 4462
Australia
44 Martin Place, Sydney 2000 Australia
+02 8319 3232
Indonesia
Millennium Centennial Center, 38th Floor, Jl. Jend. Sudirman Kav. 25
Jakarta 12920, Indonesia