Year: 2020

…read more […]

Nov.01 — U.K. Prime Minister speaks at a news conference in London about the decision to enact a new four-week partial lockdown in England as a surge in coronavirus cases threatens to overwhelm the health care system. He spoke Saturday in London. …read more […]

Facebook shares fell 6.3% on Friday after the social media giant said that “looking ahead to 2021, we continue to face a significant amount of uncertainty.” At the same time, the company posted 3Q revenues of $21.5 billion jumping 22% year-over-year and coming ahead of analysts’ estimates of $19.8 billion. Facebook earned $2.71 per share during the quarter, surpassing the Street consensus of $1.91. EPS grew 28% from the year-ago quarter.Facebook’s (FB) daily active users (DAUs) rose 12% year-over-year to 1.82 billion, beating analysts’ estimates of 1.79 billion users. Monthly active users (MAUs) also increased by 12% year-over-year to 2.74 …read more […]

(Bloomberg) — Libya’s oil production is rising rapidly toward 1 million barrels a day, as a truce in the nation’s civil war allows the state energy firm to ramp up operations at previously idled fields and ports.Daily crude output has reached 800,000 barrels and the country is targeting 1.3 million by the beginning of 2021, Mustafa Sanalla, the chairman of state-run National Oil Corp., said in an interview Saturday in the eastern city of Brega.The OPEC member was pumping less than 100,000 barrels a day in early September. The quick revival of its production — following an almost total shutdown …read more […]

Nov.01 — It’s a last ditch effort from both campaigns in battleground states. Bloomberg’s Ritika Gupta discusses the state of play with Manus Cranny on Bloomberg Daybreak: Middle East. …read more […]

…read more […]

(Bloomberg) — The world’s biggest economy is entering a marathon week that spans a presidential election, a meeting of the Federal Reserve and the latest snapshot of the coronavirus-hit labor market.All have the potential to roil markets with the main event being Tuesday when Americans decide whether to re-elect President Donald Trump or back Democrat Joe Biden.Biden is leading in the polls, having pledged to ramp up government spending to pay for extending virus unemployment benefits and investing in projects such as infrastructure and green energy. The bill will be covered by higher debt and taxes on the wealthy and …read more […]

…read more […]

The 2020 U.S. election is taking place on Nov. 3 with President Donald Trump and former VIce President Joe Biden battling for the lead position.Gold Price Analysis: The U.S. presidential election will play a huge role in shaping the global economy and gold prices are expected to react in the run up to the election day. So how important is it for the safe haven asset gold if Biden or Trump makes it to the White House?”There is no doubt that we are likely to see increased volatility in stock markets in the run up to the election day and …read more […]

* Benzinga has examined the prospects for many investor favorite stocks over the past week. * The bullish calls this past week included FAANG stocks and other blue chips. * A financial giant and merging chip stocks were among the week’s bearish calls. The big three U.S. indexes ended another wild week 5% or more lower due to stalled stimulus talks, a resurging pandemic and uncertainty around the upcoming election, which prompted one big retailer to prepare for civil unrest.Last week’s earnings crush brought mostly positive results from the FAANGs and other big tech stocks, even …read more […]

* Insider buying can be an encouraging signal for potential investors when markets face uncertainty. * Insiders were buying shares of a couple of semiconductor makers and an old-school tech giant last week. * Some chief executives were among the insiders making trips to the buy window. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly when markets are near all-time …read more […]

The OCC’s July ruling that allowed banks to provide custody spurred the newfound interest, Brooks said. …read more […]

Happy Halloween from Wealthy Retirement!
In this week’s edition of the popular YouTube series State of the Market, Chief Income Strategist Marc Lichtenfeld covers something that’s got investors across the political spectrum spooked…
Next week’s decisive 2020 election.
As the COVID-19 pandemic rages on, investors on both sides are concerned about what this coming Tuesday will mean for their portfolios.
Some are flush with holdings that rely on a “pro-business” president who’s lax on regulations…
While others have already been banking on a Biden presidency, as we’ve seen lately with renewables’ spectacular rally.
But as Marc explains in this week’s video, the market is rarely that …read more […]

…read more […]

…read more […]