Year: 2020

Bitcoin is on the rise toward $12,000, but may face a stiff challenge to cross the price hurdle. …read more […]

Overall net sales in the unit which houses brands like Mr Clean and Tide rose 14% in the first quarter, as consumers stocked up on anything they could get their hands on to clean their homes and potentially slow the spread of the virus. The company said “personal cleansing” grew 30% with double digit sales in every region, while its Home Care organic sales were up more than 30%. The outlook raise followed that of rival Reckitt Benckiser, on a jump in demand for its Lysol and Dettol cleaning products. …read more […]

The oil giant distances itself from the President’s “hypothetical” funds-for-contracts claim. …read more […]

Earlier this month, I gave a short speech at AmpFest 2020 in Miami about fragility and resiliency in the food system. They wanted to know how we got where we are… and how we get out of it.
We all saw empty supermarket shelves in the spring. We all heard John Tyson say, “The food system is broken.” And we all saw millions of pigs, chickens, tomatoes and fruit wasted when mega-processing facilities struggled to stay open.
As it was a short speech, I’d like to share my remarks with you today on how we fix the mess we’re in.
Big Flaws
COVID-19 exposed …read more […]

U.S. Senate Republicans are preparing to bring up legislation on Tuesday to replenish a program that helps small businesses slammed by the coronavirus, as House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin discuss a larger stimulus package. Pelosi and Mnuchin, who have been negotiating intermittently since August on a fresh coronavirus aid plan, plan to speak again on Tuesday after they “continued to narrow their differences” in a nearly hour-long call Monday, Pelosi’s spokesman, Drew Hammill, wrote on Twitter. Pelosi, the top elected U.S. Democrat, has set the end of the day Tuesday as a deadline for …read more […]

Top news and what to watch in the markets on Tuesday, October 20, 2020. …read more […]

(Bloomberg) — BlackRock Inc. says that the scale of restructuring needs globally could exceed the previous peak that followed the 2008 global financial crisis.“One big reason is the significant growth in sub-investment grade debt,” the company’s research arm, BlackRock Investment Institute, said in a note dated Oct. 19. The amount of outstanding debt with ratings below investment grade, including loans and private credit, has more than doubled to $5.3 trillion since 2007, according to the asset manager.As the overall cost of borrowing fell, companies loaded up on debt. This has left many vulnerable as their revenues came under pressure from …read more […]

(Bloomberg) — Sweden has banned Huawei Technologies Co. and ZTE Corp. from gaining access to its fifth-generation wireless network, adding to the increasing number of European governments forcing local telecom companies to shift away from Chinese suppliers.The Swedish Post and Telecom Authority said in a statement Tuesday that the “influence of China’s one-party state over the country’s private sector brings with it strong incentives for privately owned companies to act in accordance with state goals and the communist party’s national strategies.”It went on to say that the two Chinese technology giants must be blocked from existing infrastructure by January 2025.The …read more […]

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Pioneer Natural Resources (PXD) is currently in discussions to buy Parsley Energy, reports the Wall Street Journal, which cites people familiar with the matter.According to the Wall Street Journal sources, the two shale producers are considering an all-stock deal that could be completed by the end of the month if the talks don’t fall apart.Both oil-and-gas companies have operations in the Permian Basin of Texas and New Mexico- and the deal would be the latest tie-up for a rapidly consolidating industry which has been hit by a drastic fall in oil prices.For instance, earlier this month, ConocoPhillips announced a massive …read more […]

(Bloomberg) — Gold was steady after signs of progress in U.S. stimulus talks aimed at reaching a deal ahead of the looming presidential election.Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are narrowing their differences on a stimulus deal, a Pelosi aide said Monday. Investors are weighing the chances of a resolution to stimulus talks before the Nov. 3 election. U.S. equity futures advanced and the dollar steadied as optimism about the package spurred risk appetite.Gold has held in a narrow range during October amid the fraught Washington talks, a contentious U.S. election season and uncertainty around the global economy’s …read more […]

Reckitt Benckiser reported on Tuesday a much bigger-than-expected rise in third-quarter sales and raised its full-year outlook, as the coronavirus pandemic lifts demand for its cleaning products. “While there is still more work to do, I’m pleased to say that RB today is in much better shape than it was a year ago,” Chief Executive Laxman Narasimhan, who has been in the role for a year, told reporters. Reckitt shares were up 2% at 0705 GMT in London. …read more […]

(Bloomberg) — U.S. futures edged higher after a weak session on Wall Street overnight as investors held out some hope of a deal on stimulus talks. Asian stocks were mixed and European shares looked set for declines.S&P 500 Index futures climbed after a spokesman for House Speaker Nancy Pelosi said differences were narrowing in talks. Shares slipped in Japan and Australia and fluctuated in China, Hong Kong and South Korea. The 10-year Treasury yield steadied around 0.77% and the dollar held losses versus major peers. The yen dipped and the offshore yuan traded around its strongest since July 2018.Earlier, the …read more […]

General Motors Company (NYSE: GM) is planning to announce major investments that will lead to an expansion in the production of electric vehicles at its plant at Spring Hill, Tennessee plant and elsewhere, Reuters reported Monday.What Happened: The investment announcements will come on Tuesday at a virtual event that commences at 11 a.m. ET, according to the automaker. The Mary Barra-led company plans to build its Cadillac Lyriq electric SUVs at the Tennessee plant, the Detroit News reported Monday, as per Reuters.The Lyriq is expected to be brought into production beginning late 2022 and the company could move manufacturing to …read more […]

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