Shares of Micron Technology plunged 3.9% in Tuesday's extended trading session after the memory chip maker issued 1Q guidance that fell short of analysts’ expectations.For 1Q, Micron (MU) expects revenues and adjusted EPS of $5.2 billion (+/- $200 million) and $0.47...
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Duke Turns Down NextEra Takeover Attempt- Report, , on September 30, 2020 at 5:16 am
NextEra Energy (NEE) made an attempt to buy peer Duke Energy Corp., the Wall Street Journal reported on Tuesday. However, Duke turned down NextEra’s takeover approach. Shares of NextEra Energy were marginally down, while Duke Energy gained 6.8% in the extended trading...
Record $40 Billion Deal for NTT Sparks Talk of Bigger SoftBank Buyout, , on September 30, 2020 at 5:15 am
(Bloomberg) -- The record $40 billion deal for wireless carrier NTT Docomo Inc. is sparking discussion of whether an even bigger Japanese buyout could be in the works: SoftBank Group Corp.Founder Masayoshi Son has debated for years whether to take his conglomerate...
Gold slips as dollar firms after Trump, Biden face off, , on September 30, 2020 at 4:55 am
Spot gold fell 0.5% to $1,889.66 per ounce by 0357 GMT, after hitting a one-week high of $1,899.12 earlier in the session. Spot gold was on track to post it worst monthly fall since Nov. 2016, dropping 4% so far this month. U.S. gold futures were down 0.4% at...
U.S. Stock Futures Dip After First Election Debate: Markets Wrap, , on September 30, 2020 at 3:40 am
(Bloomberg) -- U.S. equity-index futures turned lower as investors gauged whether either protagonist in the first American presidential debate emerged with the upper hand, and as traders recalibrated positions on the final day of this quarter. Crude oil...
Alibaba Expects First Profit From its Cloud Arm This Year, , on September 30, 2020 at 3:34 am
(Bloomberg) -- Alibaba Group Holding Ltd. foresees its cloud services arm turning profitable for the first time this year, a milestone for the decade-old business that underscores how Asia’s largest corporation expects a return to pre-pandemic levels as China’s...
Lonza confident of 2020 target for Moderna COVID-19 vaccine supply, , on September 30, 2020 at 2:35 am
Lonza is confident that U.S. and Swiss plants it is building to help make Moderna's COVID-19 vaccine candidate will be ready for commercial production this year, executives at the Swiss company said on Tuesday. New production lines at Lonza's site in Portsmouth, New...
Regeneron says its COVID-19 treatment reduces viral levels, improves symptoms, , on September 30, 2020 at 2:12 am
"We hope these data will support an EUA" (emergency use authorization) from the U.S. Food and Drug Administration, Regeneron Chief Scientific Officer George Yancopoulos said on a conference call. The treatment, REGN-COV2, is also being studied for use in hospitalized...
Economic Data, Brexit, and the U.S Presidential Debate to Keep the Markets Busy, , on September 30, 2020 at 2:08 am
It’s a busy day on the economic calendar. At the time of writing, the U.S presidential debate, however, is the headline ahead of Brexit chatter., It’s a busy day on the economic calendar. At the time of writing, the U.S presidential debate, however, is the headline...
WTO backs EU tariffs on $4 billion U.S. goods over Boeing subsidies – sources, , on September 30, 2020 at 2:03 am
The delayed award provides a fresh source of potential trade friction weeks before November's U.S. presidential election, after Washington last year began imposing tariffs on $7.5 billion worth of EU goods over state support for Boeing rival Airbus. The two sides have...
Stock market news live updates: Stock futures rise with first presidential debate, stimulus in focus, , on September 30, 2020 at 2:01 am
Stock futures drifted higher Tuesday evening as investors considered the first presidential debate and continued to eye developments among congressional lawmakers for further fiscal stimulus., Stock futures drifted higher Tuesday evening as investors considered the...
U.S. Treasury says it has closed loans to seven major airlines, , on September 30, 2020 at 12:49 am
The U.S. Treasury said on Tuesday it had closed loans to seven large airlines hit hard by the coronavirus pandemic and urged Congress to save tens of thousands of airline jobs by extending billions in payroll assistance. The Treasury said in a statement the seven...
NextEra Energy made takeover approach to Duke – WSJ, , on September 30, 2020 at 12:35 am
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Snowflake: A Great Company That Is Way Overpriced, , on September 30, 2020 at 12:07 am
On September 16, Snowflake (SNOW), a data storage and query company, did its much hyped IPO. And, no one was disappointed by the hype. The company is growing at a blistering pace and has high profile investors. These two key factors, along with a small amount of stock...
The Hydrogen Boom Is On Track To Hit $11 Trillion, , on September 30, 2020 at 12:00 am
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Palantir Direct Listing Reference Price Set at $7.25 by NYSE, , on September 29, 2020 at 11:53 pm
(Bloomberg) -- The New York Stock Exchange has set a reference price of $7.25 for the direct listing of Palantir Technologies Inc., the data mining company co-founded by technology billionaire Peter Thiel.No shares change hands at the reference price, though it acts...
Apple grants CEO Tim Cook first major stock package since 2011, , on September 29, 2020 at 11:47 pm
“Tim has brought unparalleled innovation and focus to his role as CEO and demonstrated what it means to lead with values and integrity," Apple's board of directors said in a statement. "For the first time in nearly a decade, we are awarding Tim a new stock grant that...
Why Muddy Waters Went Short on Nano-X Imaging Ltd. (NNOX), , on September 29, 2020 at 11:37 pm
Muddy Waters Research is betting against Nano-X Imaging Ltd. (NASDAQ:NNOX), saying that the company has "important similarities" with Nikola. In a research report, the investment firm writes that NNOX has "no product to sell other than its stock." NNOX is a medical...
Amarin Stock at $12 a Share? This Analyst Thinks It’s Possible, , on September 29, 2020 at 10:34 pm
If you are looking for another successful biotech story in 2020, then look away now. Shares of Amarin (AMRN) have been under the cosh this year, as the company has battled its way through the courts to no avail.Amarin lost a patent case, and then its appeal too,...
Prosecutor: Huawei defense turning US extradition into trial, , on September 29, 2020 at 9:41 pm
A Canadian prosecutor says by requesting the inclusion of additional evidence the defense team for a Chinese executive wanted in the United States is coming close to turning an extradition hearing into a trial. Canada arrested the chief financial officer of Huawei at...
Antibody Cocktail Shows Promise; NYC Positivity Up: Virus Update, , on September 29, 2020 at 9:35 pm
(Bloomberg) -- Global confirmed deaths topped 1 million, while U.S. hospitalizations have plateaued after falling for months. That suggests that the country could see more deaths and illness as it heads toward winter.New York City’s daily test positivity rate topped...
Hedge Funds Have Never Been This Bullish On Akebia Therapeutics Inc (AKBA), , on September 29, 2020 at 9:27 pm
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required...
Micron beats Q4 estimates, sees memory market improving, , on September 29, 2020 at 9:17 pm
Micron reported Q4 results Tuesday that topped Street's expectations, posting $6.06B in revenue versus the estimated $5.9B and $1.08 in earnings per share versus the expected $0.99 per share. The semiconductor design company nearly doubled its profit, adding more than...
Kohl’s Extends Lands’ End Program to 150 Stores, , on September 29, 2020 at 9:15 pm
Kohl's is revamping its brand lineup to focus on active, outdoorsy and casual labels., Kohl's is revamping its brand lineup to focus on active, outdoorsy and casual labels.,
Disney to layoff 28,000 employees, , on September 29, 2020 at 9:11 pm
Yahoo Finance’s Seana Smith and Myles Udland report breaking news from Disney saying that the company will layoff 28,000 employees from across its Parks, Experiences, and Consumer Products segments., Yahoo Finance’s Seana Smith and Myles Udland report breaking news...
Micron Shares Fall After Chipmaker Halts Shipments to Huawei, , on September 29, 2020 at 9:08 pm
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Trump's tax returns: 5 key takeaways from experts, , on September 29, 2020 at 9:02 pm
USA TODAY reached out to tax attorneys and legal experts to get their reaction to the New York Times report on Trump's taxes. Here's what they said., USA TODAY reached out to tax attorneys and legal experts to get their reaction to the New York Times report on Trump's...
Trump’s tax returns: 5 key takeaways from experts, , on September 29, 2020 at 9:02 pm
USA TODAY reached out to tax attorneys and legal experts to get their reaction to the New York Times report on Trump's taxes. Here's what they said., USA TODAY reached out to tax attorneys and legal experts to get their reaction to the New York Times report on Trump's...
Moderna COVID-19 vaccine appears safe, shows signs of working in older adults -study, , on September 29, 2020 at 9:00 pm
Results from an early safety study of Moderna Inc's coronavirus vaccine candidate in older adults showed that it produced virus-neutralizing antibodies at levels similar to those seen in younger adults, with side effects roughly on par with high-dose flu shots,...
Elon Musk Promises to Make His Own Lithium; This Analyst Is Unimpressed, , on September 29, 2020 at 8:57 pm
Put one "Battery Day" in the books, folks. On Tuesday, Sept. 22, CEO Elon Musk finally held his long-awaited presentation running down everything Tesla (TSLA) plans to do over the next decade to cut the cost of batteries, and extend the range (and lower the price) of...
Hedge Funds Dipping Their Toes Back Into Universal Display Corporation (OLED), , on September 29, 2020 at 8:37 pm
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You...
How to prepare if Obamacare gets canceled, , on September 29, 2020 at 8:09 pm
Be ready if President Trump's Supreme Court pick helps end the health care law., Be ready if President Trump's Supreme Court pick helps end the health care law.,
Regeneron says its COVID-19 treatment reduces viral levels, improves symptoms, , on September 29, 2020 at 8:01 pm
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Coronavirus Latest: Tuesday, September 29, , on September 29, 2020 at 7:25 pm
According to a report from Bloomberg, a group of 60 scientists have recommended that Pfizer withhold its vaccine until November for safety and efficacy. Yahoo Finance’s Anjalee Khemlani joins The Final Round to discuss the latest on the coronavirus., According to a...
Lonza confident of 2020 target for Moderna COVID-19 vaccine supply, , on September 29, 2020 at 6:56 pm
Lonza is confident that U.S. and Swiss plants it is building to help make Moderna's COVID-19 vaccine candidate will be ready for commercial production this year, executives at the Swiss company said on Tuesday. New production lines at Lonza's site in Portsmouth, New...
Last Minute Thought: Buy or Sell Micron Before Earnings?, , on September 29, 2020 at 6:01 pm
Despite the recent volatility, many names in the semiconductor sector have mounted outsized gains since the historic March lows. But not memory giant Micron (MU). Weighed down by macro elements which have resulted in a lack of demand and the loss of a major source of...
Fire in California Wine Country Forces Evacuation of Entire Town, , on September 29, 2020 at 5:57 pm
(Bloomberg) -- A wildfire that jumped across California’s famed Napa Valley forced the evacuation of an entire wine country resort town and threatened thousands of homes in a region devastated by blazes just three years ago.The Glass Fire north of San Francisco...
Nikola Pushes Back on Skeptics by Showcasing In-House Tech, , on September 29, 2020 at 5:30 pm
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Here's what happens to the stock market after the first presidential debate in an election year, , on September 29, 2020 at 5:02 pm
Will the stock market tank after the first presidential debate? Here's what the data shows., Will the stock market tank after the first presidential debate? Here's what the data shows.,
Here’s what happens to the stock market after the first presidential debate in an election year, , on September 29, 2020 at 5:02 pm
Will the stock market tank after the first presidential debate? Here's what the data shows., Will the stock market tank after the first presidential debate? Here's what the data shows.,
What Can The Trends At Largo Resources (TSE:LGO) Tell Us About Their Returns?, , on September 29, 2020 at 4:53 pm
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst..., What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...,
Electric Vehicle Demand Will Spark Lithium Mining Reinvention, , on September 29, 2020 at 4:48 pm
(Bloomberg) -- Lithium producers must reinvent mining methods for the key metal used in rechargeable batteries to meet rising demand from the electric-vehicle industry, according to Standard Lithium Ltd.’s top executive.“The industry’s going to have some challenges as...
2 “Strong Buy” Space Stocks That Are Ready for Takeoff, , on September 29, 2020 at 4:24 pm
Space, the final frontier. Throughout history, the expanse that exists beyond Earth has captivated people all over the world, with space exploration continuing to take giant leaps forward since Apollo 11 first landed on the moon.Now, outer space has peaked Wall...
Hedge Funds Sentiment Steady On ONEOK, Inc. (OKE), , on September 29, 2020 at 4:23 pm
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have...
Should I Buy Cleveland-Cliffs Inc (CLF)?, , on September 29, 2020 at 4:23 pm
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of June...
Stocks On The Move: Nikola shares fall amid Trevor Milton allegations, , on September 29, 2020 at 3:51 pm
Yahoo Finance's Adam Shapiro breaks down how Nikola and Big Lots are faring today., Yahoo Finance's Adam Shapiro breaks down how Nikola and Big Lots are faring today.,
JPMorgan Pays $920 Million, Admits Misconduct Over Spoofing, , on September 29, 2020 at 3:29 pm
(Bloomberg) -- JPMorgan Chase & Co. admitted wrongdoing and agreed to pay more than $920 million to resolve U.S. authorities’ claims of market manipulation in the bank’s trading of metals futures and Treasury securities over an eight-year period, the largest...
A Look At United States Steel's (NYSE:X) Share Price Returns, , on September 29, 2020 at 3:25 pm
As an investor, mistakes are inevitable. But you want to avoid the really big losses like the plague. So spare a..., As an investor, mistakes are inevitable. But you want to avoid the really big losses like the plague. So spare a...,
A Look At United States Steel’s (NYSE:X) Share Price Returns, , on September 29, 2020 at 3:25 pm
As an investor, mistakes are inevitable. But you want to avoid the really big losses like the plague. So spare a..., As an investor, mistakes are inevitable. But you want to avoid the really big losses like the plague. So spare a...,
Hedge Funds Are Selling Cinemark Holdings, Inc. (CNK), , on September 29, 2020 at 3:23 pm
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have...
Hedge Funds Are Plowing Into Limelight Networks, Inc. (LLNW), , on September 29, 2020 at 3:21 pm
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of June...
Is NexTier Oilfield Solutions Inc. (NEX) A Good Stock To Buy?, , on September 29, 2020 at 3:21 pm
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You...
CymaBay Therapeutics Inc (CBAY): Hedge Funds Are Snapping Up, , on September 29, 2020 at 3:21 pm
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of June...
Oppenheimer: These 2 Stocks Are Poised to Surge by Over 100%, , on September 29, 2020 at 2:30 pm
When it comes to the market’s wild swings, is the glass half empty or half full? Oppenheimer’s chief investment strategist John Stoltzfus is taking the latter view.Despite the volatility that has ruled the market over the last few weeks, Stoltzfus actually likes what...
McCormick beats Q3 estimates, unveils 2-for-1 stock split, , on September 29, 2020 at 1:54 pm
Yahoo Finance’s Emily McCormick joins The First Trade with Alexis Chrisotoforous and Brian Sozzi to discuss McCormick’s fiscal third-quarter earnings report. She also weighs in on what Wall Street is expecting for consumer confidence numbers for September., Yahoo...
Coca-Cola to enter U.S. alcoholic drinks market with Molson Coors tie-up, , on September 29, 2020 at 1:10 pm
It will be the beverage giant's first alcoholic drink in the country. The launch, planned for next year, will help Coca-Cola push further into alcoholic drinks and expand its market beyond Latin America and Japan, where it sells Lemon-Do drink. Coca-Cola bought the...
ImmunoPrecise Reports Revenue of $3.8 Million and Adjusted EBITDA of $932,000 for the First Quarter of Fiscal 2021, , on September 29, 2020 at 1:10 pm
VICTORIA, BC, Sept. 29, 2020 /CNW/ - IMMUNOPRECISE ANTIBODIES LTD., VICTORIA, BC, Sept. 29, 2020 /CNW/ - IMMUNOPRECISE ANTIBODIES LTD.,
Beyond Meat expands at Walmart in new deal, , on September 29, 2020 at 1:00 pm
Beyond Meat goes big with Walmart., Beyond Meat goes big with Walmart.,
Are Insiders Buying Park Hotels & Resorts Inc. (NYSE:PK) Stock?, , on September 29, 2020 at 12:41 pm
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The..., We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...,
Are Insiders Buying Park Hotels & Resorts Inc. (NYSE:PK) Stock?, , on September 29, 2020 at 12:41 pm
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The..., We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...,
'Fast Money' Traders Share Their Thoughts On AT&T, Coca-Cola, , on September 29, 2020 at 12:08 pm
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‘Fast Money’ Traders Share Their Thoughts On AT&T, Coca-Cola, , on September 29, 2020 at 12:08 pm
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Trump Paying $750 in Income Tax Shows Why He’s a Billionaire, , on September 29, 2020 at 12:07 pm
(Bloomberg) -- A New York Times story based on Donald Trump’s long-sought-after tax data shows he avoided paying income taxes for most of the past two decades and paid only $750 the year he was elected president.That doesn’t mean he isn’t a billionaire.By pairing...
Horizon Therapeutics Public Limited Company (NASDAQ:HZNP) Shares Could Be 35% Below Their Intrinsic Value Estimate, , on September 29, 2020 at 12:00 pm
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Horizon Therapeutics..., Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Horizon Therapeutics...,
Why Investors Shouldn't Be Surprised By Qudian Inc.'s (NYSE:QD) 26% Share Price Plunge, , on September 29, 2020 at 11:01 am
Qudian Inc. (NYSE:QD) shareholders that were waiting for something to happen have been dealt a blow with a 26% share..., Qudian Inc. (NYSE:QD) shareholders that were waiting for something to happen have been dealt a blow with a 26% share...,
Why Investors Shouldn’t Be Surprised By Qudian Inc.’s (NYSE:QD) 26% Share Price Plunge, , on September 29, 2020 at 11:01 am
Qudian Inc. (NYSE:QD) shareholders that were waiting for something to happen have been dealt a blow with a 26% share..., Qudian Inc. (NYSE:QD) shareholders that were waiting for something to happen have been dealt a blow with a 26% share...,
Peter Thiel Tightens His Grip on Palantir Ahead of Public Listing, , on September 29, 2020 at 11:00 am
(Bloomberg) -- Billionaire Peter Thiel was a no-show at the investor day leading up to the direct listing for Palantir Technologies Inc., the data-mining company he founded 17 years ago. And no one from the company will ring the bell at Palantir's market debut.Thiel's...
Amazon Manager, Family Charged With Insider Trading Worth Over $1.4M By SEC, , on September 29, 2020 at 8:08 am
An Amazon.com, Inc (NASDAQ: AMZN) senior manager and her two family members were charged with insider trading by the United States Securities and Exchange Commission on Monday.What Happened: Laksha Bohra is alleged to have tipped her husband Viky Bohra about highly...
Nokia wins 5G radio equipment contract from Britain's BT, , on September 29, 2020 at 8:08 am
Nokia has clinched a deal with Britain's biggest mobile operator BT to supply 5G radio equipment, the Finnish company said on Tuesday, in one of the first major wins under new CEO Pekka Lundmark. The deal will make Nokia BT's largest equipment provider and comes just...
Nokia wins 5G radio equipment contract from Britain’s BT, , on September 29, 2020 at 8:08 am
Nokia has clinched a deal with Britain's biggest mobile operator BT to supply 5G radio equipment, the Finnish company said on Tuesday, in one of the first major wins under new CEO Pekka Lundmark. The deal will make Nokia BT's largest equipment provider and comes just...
Uber secures right to continue operating in London, , on September 28, 2020 at 9:51 am
A court renews the ride-hailing giant's London licence despite previous safety concerns., A court renews the ride-hailing giant's London licence despite previous safety concerns.,
Siemens Lists Energy Unit, , on September 28, 2020 at 8:27 am
Sep.28 -- Siemens AG is unleashing a true behemoth that will be behind much of the world’s electricity. Siemens Energy's listing marks the next step in the unwinding of the giant German conglomerate. Bloomberg’s Oliver Sachgau reports on “Bloomberg Markets: European...
Cleveland-Cliffs to Buy ArcelorMittal USA for $1.4 Billion, , on September 28, 2020 at 7:41 am
(Bloomberg) -- Cleveland-Cliffs Inc. will buy the U.S. operations of ArcelorMittal SA for $1.4 billion in cash and shares to become the biggest flat-rolled steel producer in North America.Ohio-based Cleveland-Cliffs expects its second major deal in less than a year to...
Biden Says Trump Is Trying to Throw Out Affordable Care Act, , on September 28, 2020 at 7:37 am
Sep.28 -- Democratic Presidential nominee Joe Biden zeroed in on the risk to Americans’ health-care coverage if conservative favorite Amy Coney Barrett is confirmed as President Donald Trump’s new Supreme Court pick. She would replace the most progressive member of...
Caesars Says $3.7 Billion Bid High Enough for William Hill, , on September 28, 2020 at 7:35 am
(Bloomberg) -- Caesars Entertainment Inc. said William Hill Plc’s board would likely recommend its 2.9 billion-pound ($3.7 billion) takeover offer price, putting it on the front foot in a potential bidding war with Apollo Global Management Inc.The British gambling...
Huawei CFO Meng back in Canadian court fighting U.S. extradition, , on September 28, 2020 at 7:18 am
Huawei Technologies Chief Financial Officer Meng Wanzhou will be back in a Canadian courtroom on Monday as her lawyers resume their fight to block the United States' efforts to extradite her. Meng, 48, was arrested in December 2018 on a warrant from the United States...
Cleveland-Cliffs to buy U.S. assets of ArcelorMittal for about $1.4 billion, , on September 28, 2020 at 6:26 am
Reuters reported on Sunday, citing sources, that ArcelorMittal was in talks to merge its U.S. operations with Cleveland-Cliffs. ArcelorMittal said last year it was aiming to offload $2 billion of assets by the middle of 2021 to reduce its debt., Reuters reported on...
Trump’s TikTok Ban a Distraction: Octahedron Capital, , on September 28, 2020 at 5:58 am
Sep.28 -- Ram Parameswaran, founder and portfolio manager at Octahedron Capital Management, discusses the sale of ByteDance Ltd.’s U.S. operation to Oracle Corp. and Walmart Inc. and a federal judge blocking President Donald Trump’s ban on TikTok. He speaks on...
What the Pandemic Showed Us About Work Productivity, , on September 28, 2020 at 5:40 am
Sep.28 -- Manny Maceda, worldwide managing partner at Bain & Co., discusses the company’s report on the lessons learned from the pandemic and the future of work post-coronavirus. He speaks on “Bloomberg Markets: Asia.”, Sep.28 -- Manny Maceda, worldwide managing...
Sell the day and go away? U.S. stock returns come overnight, , on September 28, 2020 at 4:44 am
Mornings have been lacking in joy this month for investors seeking returns in U.S. stocks. On average, losses on the benchmark S&P 500 index have been steepest between 10 a.m. and 11 a.m. Eastern (1400-1500 GMT), and every hour thereafter during the session has...
Gold inches higher on tepid dollar; Trump-Biden debate in focus, , on September 28, 2020 at 4:43 am
Spot gold was up 0.1% at $1,861.13 per ounce by 0503 GMT. U.S. gold futures were steady at $1,865.90. "Gold is going to be driven by the tenor of the U.S. dollar," said Stephen Innes, chief market strategist at AxiCorp., Spot gold was up 0.1% at $1,861.13 per ounce by...
Sell the day and go away? U.S. stock returns come overnight, , on September 28, 2020 at 4:08 am
Mornings have been lacking in joy this month for investors seeking returns in U.S. stocks. On average, losses on the benchmark S&P 500 index have been steepest between 10 a.m. and 11 a.m. Eastern (1400-1500 GMT), and every hour thereafter during the session has...
Siemens Unleashes Behemoth Behind Much of World’s Electricity, , on September 28, 2020 at 4:00 am
(Bloomberg) -- Siemens AG is about to let investors make pure-play bets on a company whose technology is behind roughly one-sixth of the world’s electricity.Monday’s listing of Siemens Energy AG marks the next step in the unwinding of a German conglomerate making a...
HSBC Posts Biggest Intraday Jump Since 2009 After Selloff, , on September 28, 2020 at 3:44 am
(Bloomberg) -- HSBC Holdings Plc rose the most in Hong Kong trading since 2009 as its biggest shareholder raised its stake in the embattled lender which last week hit the lowest in quarter of a century.A unit of Ping An Insurance Group Co. revealed in an exchange...
Investors swamp IPO for K-Pop band BTS management label, prices at top of range, , on September 28, 2020 at 3:26 am
Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, priced its initial public offering (IPO) at the top of its range on Monday, as hopeful buyers chased South Korea's largest listing in three years. Institutional investors...
Trump: I’m Willing to Take a Drug Test, Biden Should Too, , on September 28, 2020 at 3:19 am
Sep.27 -- President Donald Trump called for Democratic presidential nominee Joe Biden to take a drug test before Tuesday’s presidential debate. He speaks at a news briefing at the White House., Sep.27 -- President Donald Trump called for Democratic presidential...
Exclusive: ArcelorMittal in talks to merge U.S. assets with Cleveland-Cliffs – sources, , on September 28, 2020 at 2:43 am
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CSI 300 Will Range From 4,500 to 5,000: Jefferies’s Lee, , on September 28, 2020 at 2:32 am
Sep.27 -- Alexious Lee, head of China strategy research at Jefferies, discusses Chinese markets and his investment strategy. He speaks on “Bloomberg Markets: China Open.”, Sep.27 -- Alexious Lee, head of China strategy research at Jefferies, discusses Chinese markets...
China’s Largest Chipmaker Sinks After U.S. Imposes Restrictions, , on September 28, 2020 at 2:03 am
(Bloomberg) -- Semiconductor Manufacturing International Corp. retreated to a four-month low in Hong Kong after the U.S. imposed export restrictions on China’s largest chipmaker.The shares slumped as much as 7.9% on Monday, adding to their 25% loss for the month. Also...
Remington Auctioned Off to Seven Bidders in Bankruptcy Court, , on September 28, 2020 at 1:51 am
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Australia's Piedmont signs lithium ore supply deal with Tesla, shares surge, , on September 28, 2020 at 1:35 am
The initial five-year agreement implies that Piedmont will supply about a third of its planned 160,000-tonnes-per-year spodumene concentrate produce from its deposits in North Carolina. The deal comes on the heels of Tesla's "Battery Day" presentation last week when...
Australia’s Piedmont signs lithium ore supply deal with Tesla, shares surge, , on September 28, 2020 at 1:35 am
The initial five-year agreement implies that Piedmont will supply about a third of its planned 160,000-tonnes-per-year spodumene concentrate produce from its deposits in North Carolina. The deal comes on the heels of Tesla's "Battery Day" presentation last week when...
Trump: I Paid Takes and a Lot of State Taxes, , on September 28, 2020 at 12:56 am
Sep.27 -- President Donald Trump answers questions about the New York Times article about his tax information for the last two decades. Trump is said to have paid $750 in federal income taxes in the year he won the presidency. He speaks at a news briefing at the White...
Judge Blocks Trump Order On TikTok Just Hours Before Ban Goes Into Effect, , on September 28, 2020 at 12:54 am
A federal judge has halted the Trump Administration's ban on video-sharing app TikTok.Per multiple media reports, Judge Carl Nichols of the U.S. District Court in Washington, D.C. blocked the ban, which was set to go into effect at midnight Sunday.The news comes on...
JPMorgan Says Cash Levels May Stay High as Safe Assets Struggle, , on September 28, 2020 at 12:48 am
(Bloomberg) -- Investors may remain in cash more than expected as safe-haven assets seen as traditional hedges aren’t panning out, according to JPMorgan Chase & Co.Above-average allocations to cash may be an unintended consequence of easy-money policies, with...
Trump Denies New York Times Report on His Income Taxes, , on September 28, 2020 at 12:47 am
Responding to questions at a press conference Sunday, President Trump denied a New York Times article about his finances, saying he pays "a lot" in federal income taxes. Photo: Chris Kleponis/Bloomberg News, Responding to questions at a press conference Sunday,...
Devon-WPX Deal Would Answer Investor Calls for Permian M&A Wave, , on September 28, 2020 at 12:20 am
(Bloomberg) -- Fed-up U.S. shale investors may finally be about to get the industry consolidation they’ve been demanding.Devon Energy Corp. and WPX Energy Inc. are in advanced talks to merge, the Wall Street Journal reported Saturday, with an announcement coming as...
Devon-WPX Deal Would Answer Investor Calls for Permian M&A Wave, , on September 28, 2020 at 12:20 am
(Bloomberg) -- Fed-up U.S. shale investors may finally be about to get the industry consolidation they’ve been demanding.Devon Energy Corp. and WPX Energy Inc. are in advanced talks to merge, the Wall Street Journal reported Saturday, with an announcement coming as...
The Unintended Consequences Of Fossil Fuel Divestment, , on September 27, 2020 at 11:00 pm
, ,
Notable Insider Buys Last Week: Snowflake, Broadcom And More, , on September 27, 2020 at 10:07 pm
* Insider buying can be an encouraging signal for potential investors when markets are near all-time highs. * A top semiconductor maker saw a notable insider buy recently. * A couple of chief executive officers picked up some shares last week. Conventional wisdom says...
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