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Pound Bucks Global Risk Rally on ‘Mess’ of Brexit, Legal Action, , on October 1, 2020 at 10:11 am
(Bloomberg) -- The pound tumbled after a report that Brexit talks were failing to close differences and as the European Union planned legal action against the U.K., dashing hopes the two sides could move toward a trade deal this week.Sterling snapped a three-day...
Jobless claims preview: Another 850,000 Americans likely filed new unemployment claims last week, , on October 1, 2020 at 10:10 am
The US economy likely saw yet another historically high number of first-time unemployment insurance claims filed last week, as the coronavirus pandemic continues to strain the labor market., The US economy likely saw yet another historically high number of first-time...
Rolls-Royce to Raise $6.5 Billion After Engine Demand Collapses, , on October 1, 2020 at 9:37 am
(Bloomberg) -- Rolls-Royce Holdings Plc unveiled a long-awaited financing plan, targeting up to 5 billion pounds ($6.5 billion) of fresh capital to buttress the U.K. jet-engine-maker against an historic aerospace downturn that still has years to go.The London-based...
Boeing courting Delta, others to take 737 MAX 'white tails' – sources, , on October 1, 2020 at 9:30 am
Delta Air Lines is among airlines Boeing Co has approached to buy dozens of 737 MAX jets built for clients that have since scrapped their orders or gone bust, two people familiar with the matter said. As the 737 MAX edges closer to commercial flight after an 18-month...
Boeing courting Delta, others to take 737 MAX ‘white tails’ – sources, , on October 1, 2020 at 9:30 am
Delta Air Lines is among airlines Boeing Co has approached to buy dozens of 737 MAX jets built for clients that have since scrapped their orders or gone bust, two people familiar with the matter said. As the 737 MAX edges closer to commercial flight after an 18-month...
Germany Helps Euro-Area Factories to Best Growth in Two Years, , on October 1, 2020 at 8:43 am
(Bloomberg) -- Manufacturing in the euro zone expanded at the fastest pace in more than two years thanks to a strong upturn in Germany, with a sharp pickup in trade helping to pull the economy out of the coronavirus recession.While Asia’s factories displayed fitful...
Tesla Autopilot scores low for driver engagement in European safety rating, , on October 1, 2020 at 8:08 am
The Tesla Model 3's Autopilot scored just 36 when assessed on its ability to maintain a driver's focus on the road. In contrast, the Mercedes GLE's system, which had the highest overall score of 174 and received the top rating of 'very good', received a score of 85...
Bayer shares plunge on prospect of write-downs, earnings decline, , on October 1, 2020 at 7:59 am
Shares in Bayer plunged 11% after it flagged that adjusted profit may slip next year and it may have to write down the value of agriculture assets by close to 10 billion euros ($11.7 billion). Bayer, which acquired seed maker Monsanto in 2018, said late on Wednesday...
Tesla cuts starting price for China-made Model 3 cars by 8%, , on October 1, 2020 at 7:50 am
U.S. electric car maker Tesla cut the starting price of its Chinese-made Model 3 sedans on Thursday by about 8% to 249,900 yuan ($36,805), once Chinese subsidies for electric vehicles are taken into account, according to its China website. Previously, the starting...
Bayer Slumps as Bleak Crop Outlook Undermines Monsanto Rationale, , on October 1, 2020 at 7:15 am
(Bloomberg) -- Bayer AG slumped after the agriculture and pharma giant said it would have to slash costs as the pandemic’s impact on farm commodities extends into next year, further undermining the rationale for its $63 billion purchase of Monsanto Co.The stock fell...
Covid: Rolls-Royce announces plan to raise £3bn, , on October 1, 2020 at 7:12 am
After weeks of speculation, the plane engine maker will tap investors for money and issue new bonds., After weeks of speculation, the plane engine maker will tap investors for money and issue new bonds.,
We're a Long, Long Way From Running Out of Gold, , on October 1, 2020 at 7:00 am
(Bloomberg Opinion) -- Here’s one potential reason to add some bullion coins or bars to your investment portfolio: They’re not making any more of them.All the gold that’s ever been mined would fit into a cube with edges 22 meters long — small enough to fit into three...
We’re a Long, Long Way From Running Out of Gold, , on October 1, 2020 at 7:00 am
(Bloomberg Opinion) -- Here’s one potential reason to add some bullion coins or bars to your investment portfolio: They’re not making any more of them.All the gold that’s ever been mined would fit into a cube with edges 22 meters long — small enough to fit into three...
Tesla cuts starting price for China-made Model 3 cars by 8%, , on October 1, 2020 at 6:54 am
U.S. electric car maker Tesla cut the starting price of its Chinese-made Model 3 sedans on Thursday by about 8% to 249,900 yuan ($36,805), once Chinese subsidies for electric vehicles are taken into account, according to its China website. Previously, the starting...
Datadog Spikes 12% On Partnership With Microsoft Azure; Stock Up 171% YTD, , on October 1, 2020 at 6:14 am
Shares in Datadog spiked 12% after the cloud security network announced a strategic partnership with Microsoft’s cloud computing service Azure.As part of the tie-up, Datadog (DDOG) will be available in the Azure console as a first-class service. This means that Azure...
STMicro says strong third quarter will help it beat 2020 expectations, , on October 1, 2020 at 5:32 am
"This is the confirmation that end demand in automotive, microcontrollers and specific programs with Apple are strong enough to more than compensate for the Huawei headwind," said Stephane Houri, head of equity sector research at Oddo BHF. The French-Italian chipmaker...
American Airlines To Furlough 19K Thursday When Federal Payroll Support Expires, , on October 1, 2020 at 3:23 am
American Airlines Group Inc (NASDAQ: AAL) said in a letter to employees Wednesday that 19,000 will be furloughed starting Thursday after the federal Payroll Support Program expires.Airline Layoffs Underway As Stimulus Talks Continue: Talks on extending the relief...
Moderna says COVID-19 vaccine unlikely to be ready before U.S. election – FT, , on October 1, 2020 at 2:29 am
Stéphane Bancel told FT that he did not expect to have full approval to distribute the drug to all sections of the U.S. population until next spring. Moderna did not immediately respond to Reuters request for comment. Moderna will not be ready to seek emergency use...
AstraZeneca's COVID-19 Vaccine Trial Delays May Worsen As FDA Widens Investigation, , on October 1, 2020 at 1:55 am
AstraZeneca Plc's (NYSE: AZN) coronavirus vaccine development program could hit by further delays, as the Food and Drug Administration has widened the scope of its probe into the halted trial, Reuters reported Wednesday.What Happened: The federal agency is inquiring...
AstraZeneca’s COVID-19 Vaccine Trial Delays May Worsen As FDA Widens Investigation, , on October 1, 2020 at 1:55 am
AstraZeneca Plc's (NYSE: AZN) coronavirus vaccine development program could hit by further delays, as the Food and Drug Administration has widened the scope of its probe into the halted trial, Reuters reported Wednesday.What Happened: The federal agency is inquiring...
Private Sector PMIs and Brexit to Drive the EUR, the Dollar, and the Pound, , on October 1, 2020 at 1:34 am
It is a busy day ahead. Economic data and geopolitics will keep the markets busy., It is a busy day ahead. Economic data and geopolitics will keep the markets busy.,
Ballard Hosts Successful Virtual "Investor and Analyst Day 2020" Event, , on October 1, 2020 at 1:00 am
VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that the Company hosted a virtual "Investor and Analyst Day 2020" event on September 29th., VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Ballard Power Systems (NASDAQ:...
Ballard Hosts Successful Virtual “Investor and Analyst Day 2020” Event, , on October 1, 2020 at 1:00 am
VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that the Company hosted a virtual "Investor and Analyst Day 2020" event on September 29th., VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Ballard Power Systems (NASDAQ:...
China Is Ready To Give Iran’s Oil Industry A Major Boost, , on October 1, 2020 at 12:00 am
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Micron Remains a Solid Long-Term Play, Says 5-Star Analyst, , on September 30, 2020 at 11:52 pm
Shares of Memory chip specialist Micron (MU) trended downwards on Wednesday following the release of the company’s FQ4 results.Micron reported revenue of $6.06 billion, a 24% year-over-year increase and coming in ahead of the estimates by $170 million. Non-GAAP...
Investors Are Betting Big On Canada’s New Gold Rush, , on September 30, 2020 at 11:00 pm
As investors pile into safe havens like cash and precious metals, a new gold rush is starting in one of the world’s most exciting mining hotspots, As investors pile into safe havens like cash and precious metals, a new gold rush is starting in one of the world’s most...
Eton Pharmaceuticals: Following FDA Approval, This 5-Star Analyst Says ‘Buy’, , on September 30, 2020 at 10:57 pm
A green light from the FDA can change everything for a healthcare company. This might just be the case for Eton Pharmaceuticals (ETON).On September 29, the company announced that the FDA had given Alkindi Sprinkle, its taste-neutral sprinkle (granule) formulation of...
Stock market news live updates: Stock futures hug the flat line after worst September since 2011, , on September 30, 2020 at 10:23 pm
Stock futures opened flat Wednesday evening heading into the first trading day of October and the fourth quarter., Stock futures opened flat Wednesday evening heading into the first trading day of October and the fourth quarter.,
NIO: High-Quality Premium EV Brand in the Making, , on September 30, 2020 at 10:15 pm
What a ride 2020 has been so far for Nio (NIO). The Chinese EV manufacturer has taken the bull by the horns and has ridden it all the way to massive gains of 427%.There’s no doubt the hype on EV vehicles in 2020 is almost at fever pitch, with investors banking on the...
JPMorgan Finds More Than 500 Workers Got U.S. Virus Relief Funds, , on September 30, 2020 at 9:35 pm
(Bloomberg) -- More than 500 JPMorgan Chase & Co. employees got assistance from taxpayers aimed at helping businesses through the pandemic -- and dozens of them shouldn’t have, according to people with knowledge of the firm’s internal investigation.The discovery...
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