Year: 2020

After slumping to five-week lows last week, the S&P 500 and the Nasdaq began November on a strong footing as the consistent lead for Democratic presidential nominee Biden in national opinion polls raised hopes of a bigger stimulus package after the election. Democrats are also favored to emerge from 14 hotly contested U.S. Senate races with full control of Congress in Tuesday’s election, although final results from at least five of those contests may not be available for days, and in some cases, months. “Currently, the market is betting on a Biden win,” said Christian Stocker, UniCredit’s …read more […]

LAVAL, Quebec, Nov. 3, 2020 /CNW/ — * Third-Quarter 2020 Financial Results * Revenues of $2. …read more […]

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(Bloomberg) — Stocks rallied with U.S. futures on Tuesday as a gust of optimism swept through global equity markets with millions of Americans headed to vote. Currency traders braced for increased volatility.Banks and oil drillers including Chevron Corp. rose in U.S. premarket trading. Futures on the blue-chip Dow Jones Industrial Average surged as much as 1.8%, outperforming contracts on the tech-heavy Nasdaq 100. Treasuries fell and a gauge of the dollar dropped the most in three weeks as a risk-on mood prevailed.While trades reflecting a Democratic sweep held firm, betting markets aren’t convinced. They slipped to just over 50% odds …read more […]

Do I have a right to hurt myself?
Recent events with my 89-year-old father-in-law have precipitated interesting discussions around this question.
Let me set the stage.
A couple of months ago, he fell off a kitchen stool and injured his tailbone.
He couldn’t stand up afterward. After a day in the emergency room and even hospital admission, doctors couldn’t seem to find anything definitively wrong, so they sent him home.
He still couldn’t walk. The fall also affected his urinary function, creating borderline incontinence.
He went back to the hospital for further tests, but they still couldn’t find anything.
This time, though, they sent him to a …read more […]

The analysts covering Nabriva Therapeutics plc (NASDAQ:NBRV) delivered a dose of negativity to shareholders today, by… …read more […]

Top news and what to watch in the markets on Tuesday, November 3, 2020. …read more […]

There’s been an ongoing pendulum swing between majors and independents as the controlling group of the Permian basin’s destiny for many years, but who controls the region now? …read more […]

(Bloomberg) — Oil gained, following a broader risk-on sentiment in markets and as OPEC+ inches closer to delaying a planned easing of output cuts.Futures in New York rallied near $38 a barrel after rising 2.9% in the previous session. Equities were rallying ahead of the U.S. election, while the dollar lost almost 0.5%, adding to positive sentiment in crude.On Monday, Energy Minister Alexander Novak met with Russian producers to discuss delaying an easing of production cuts by three months. The Organization of Petroleum Exporting Countries and its allies have been dropping hints for weeks that its plan to add almost …read more […]

(Bloomberg) — Millions of hungry pigs in China are setting off a chain reaction in the fuel market, causing the biggest oil refiner to rethink its sales strategy.A hog herd boom amid a push to revive supplies of the nation’s favorite meat has driven up corn prices as demand for animal feed soars. That’s sent biofuel costs flying for oil titan Sinopec Group, which is now being forced to scale back its plans to sell E10, a mix of 10% corn-derived ethanol and gasoline.China has a mandate to roll out E10 fuel nationwide from 2020 in an effort to reduce …read more […]

The German brand celebrated a return to positive sales in China and e-commerce increases, but must grapple with ongoing weakness elsewhere. …read more […]

(Bloomberg) — Bayer AG’s legal bills to contain the fallout over the weedkiller Roundup keep rising as the German company expects costs of handling future lawsuits to increase to $2 billion from $1.25 billion.The drugs and chemicals maker is far enough along in talks with U.S. plaintiff attorneys to realize that the outlay will be higher than anticipated in June, it said in a statement Tuesday. Bayer also reported earnings and sales that missed estimates as the pandemic hurts demand for key agriculture and pharmaceutical products.The Roundup litigation continues to vex Chief Executive Officer Werner Baumann, who orchestrated the $63 …read more […]

(Bloomberg) — For American brands struggling to survive the resurgent coronavirus, China is proving to be one of the few bright spots. As Alibaba Group Holding Ltd. prepares to host its biggest and most global shopping marathon ever, its position as a gateway to the world’s fastest-recovering economy is winning points with an increasingly hostile U.S. administration.Alibaba’s Singles’ Day event culminates annually Nov. 11, an online shopping phenomenon that with $38 billion of sales in 2019 easily dwarfed Black Friday and Cyber Monday. The festivities, which provide a snapshot of Chinese consumption, will feature the largest international presence since the …read more […]

Wall Street is a fickle place. The very investors that put a stock on a pedestal can pull it down to terra firma in no time. Just look at Fastly (FSLY).Until mid-October, the edge computing services provider had been one of 2020’s strongest performers, rising by more than 500%. However, Fastly let investors down when it announced preliminary Q3 results midway through October, lowering its previous estimates for the quarter, after which shares duly plunged.The violent selloff continued for most of last week, in tandem with the broader market’s decline. Fastly stock is now down by 52% since peaking at …read more […]

Shares of the digital payments processor fell more than 6% in extended trade. For the fourth quarter, PayPal expects adjusted profit to grow in a range of 17% to 18%, below analysts’ estimated growth of about 24%, according to IBES data from Refinitiv. PayPal Chief Executive Dan Schulman said in a call with analysts that the company was giving a more prudent estimate for the fourth quarter in part because of uncertainty due to the pandemic and its impact on the global economy, as well as Tuesday’s U.S. presidential election and concerns about social unrest. …read more […]