Year: 2020

(Bloomberg) — The fate of additional stimulus for the U.S. economy before next month’s election will be decided this week, with House Speaker Nancy Pelosi setting a Tuesday deadline to reach an agreement with the White House — though it remains doubtful that the Republican-controlled Senate will accept any deal they strike.President Donald Trump said he’s ready to match the $2.2 trillion spending levels demanded by Democrats — or go higher — despite repeated warnings by Senate Majority Leader Mitch McConnell that most GOP senators will oppose any coronavirus relief package that big.“I want at a bigger number than she …read more […]

Here comes more coronavirus stimulus if a blue wave takes place on Nov. 3, Goldman Sachs says. …read more […]

Legendary fund manager Li Lu (who Charlie Munger backed) once said, ‘The biggest investment risk is not the volatility… …read more […]

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(Bloomberg) — ConocoPhillips agreed to buy Concho Resources Inc. for about $9.7 billion in stock, the largest shale industry deal since the collapse in energy demand earlier this year and one that will create a heavyweight driller in America’s most prolific oil field.Investors will get 1.46 Conoco shares for each Concho share, the companies said Monday in a statement. The transaction represents a 15% premium over Concho’s closing price on Oct. 13, the last trading session before Bloomberg News first reported the companies were in talks.The pandemic-induced price crash and lackluster global economic recovery have accelerated the push for consolidation …read more […]

— Endo to acquire BioSpecifics in an accretive all-cash transaction –DUBLIN, Oct. 19, 2020 /CNW/ — Endo International plc (NASDAQ: ENDP) today announced it has agreed to acquire all of the outstanding shares of BioSpecifics Technologies Corp. …read more […]

Stock futures pointed to a higher open to kick off Monday as improving stimulus prospects helped at least temporarily outweigh concerns over rising coronavirus cases in the U.S. …read more […]

Although Americans typically assume they will retire when they want, and on their own terms, many are in for a surprise …read more […]

The all-stock deal comes as U.S. shale companies have posted big losses due to weak crude prices amid the COVID-19 pandemic and have struggled to raise new capital to restructure debt. Concho shareholders will receive 1.46 shares of ConocoPhillips for each share held. The deal for $49.30 per share, represents a 1.4% premium to Concho’s closing close on Friday, according to Reuters calculations. …read more […]

(Bloomberg) — Halliburton Co. expects the rout in North American shale to peter out after history’s worst crude crash decimated many of its customers earlier this year.The world’s biggest provider of fracking signaled that attrition among oilfield service companies is beginning to show results and, in North America at least, a bottom may have been reached, according to a statement on Monday. Overseas is another story, however, because orders there are still weak.““The pace of activity declines in the international markets is slowing, while the North America industry structure continues to improve, and activity is stabilizing,” Chief Executive Officer Jeff …read more […]

(Bloomberg) — Jack Ma’s Ant Group Co. won a key approval from the China Securities Regulatory Commission for its listing in Hong Kong, paving the way for what could be the world’s biggest initial public offering.The Chinese regulator has given Ant a green light to seek a listing hearing with Hong Kong Exchanges and Clearing Ltd., according to a notice on the commission’s website. A Hong Kong hearing could happen as soon as Monday, according to people familiar with the matter, requesting not to be named because the information is private.Ant still has to complete its registration for the Shanghai …read more […]

We went to Gettysburg the other day.
It’s a small town with a big history. It’s a history that’s on the minds of many today.
Freedom. Government. Equality. The air may be quiet, but the spirits of the old town and the hallowed fields that surround it scream those words. They beg us to ponder their merit and their worth.
The ties to today are clear.
If we believe the polls, nearly 2 in 3 Americans are worried about another Civil War.
If that’s you… there’s a tie to the past you should know about.
It’s as important today as it was when brother took aim …read more […]

A decade-long Republican campaign to weaken the consumer watchdog’s independence is set to backfire if Democrat Joe Biden wins the presidential election, by handing him the power to swiftly replace the agency’s director with a consumer champion, said nearly a dozen lawyers, lobbyists and policy experts. The Consumer Financial Protection Bureau (CFPB) has been a political lightning rod since it was created following the 2009 financial crisis, beloved by Democrats as a guardian of ordinary Americans but reviled by Republicans as too powerful and unaccountable. The Trump administration has clipped the agency’s wings, relaxing enforcement and some rules, …read more […]

A week before a referendum on whether to ditch Chile’s dictatorship-era constitution, protesters torched two churches, looted stores and clashed with police in Santiago. Thousands gathered on the anniversary of mass antigovernment demonstrations. Photo: Martin Bernetti/AFP/Getty Images …read more […]

Top news and what to watch in the markets on Monday, October 19, 2020. …read more […]