Year: 2020

Out on Wall Street, things are always changing. Share prices fluctuate, new players make their market debuts, the macro environment gets shaken up and long-term trends shift. That said, one thing remains the same: growth is the name of the game. Growth stocks consistently score a spot on investors’ wish lists, given their potential to deliver returns. This growth potential goes above and beyond the norm, as these plays have already posted some spectacular gains in 2020, with the upside set to keep on coming in the long run. Knowing what you’re looking for is one thing, but how are …read more […]

A surge in September retail sales is great news for the holiday season. …read more […]

Many popular investment options are looking downright grisly in 2020. …read more […]

Eli Lilly & Co. announced a definitive agreement to snap up privately-held biotechnology company Disarm Therapeutics for $135 million, in a bid to a develop a new class of disease-modifying therapeutics for patients with axonal degeneration.Under the terms of the agreement, Disarm shareholders will be eligible for up to $1.225 billion in future payments for potential development, regulatory and commercial milestones should Lilly (LLY) successfully develop and commercialize new medicines resulting from the acquisition. Axonal degeneration is a common, yet unaddressed, pathology in a broad range of neurological diseases and is known to cause severe sensory, motor, and cognitive symptoms.Disarm …read more […]

The airline said it will operate a daily 737 Max flight between Miami and New York from Dec. 29 to Jan. 4, with flights available for booking from Oct. 24. “We remain in contact with the FAA and Boeing on the certification process and we’ll continue to update our plans based on when the aircraft is certified,” the company said in an statement. The Boeing 737 MAX has been grounded since March 2019 after two fatal crashes killed 346 people, but the FAA is expected to lift its grounding order at some point in November. …read more […]

(Bloomberg) — U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin had a lengthy talk Saturday night about efforts to craft a stimulus package to help the U.S. economy weather the impact of the coronavirus.Victoria, the Australian state worst hit by the coronavirus outbreak, announced an easing of restrictions on Sunday, but left key sectors of the economy shuttered until next month to ensure community transmission is further contained.Even as new U.S. cases jumped by the most since late July, President Donald Trump, at campaign rallies on Saturday, pushed states such as Michigan to lift emergency measures. Daily cases …read more […]

(Bloomberg Opinion) — I don’t know who’ll prevail in the U.S. election. But one thing we can probably all agree on is that incumbent leader President Donald Trump has had an extraordinary impact on the global oil market. From crippling the oil exports of Iran and Venezuela to taking credit for brokering the biggest-ever voluntary production cuts, Trump’s fingerprints are all over.How might that change after the November vote?The U.S. oil industryThings will carry on pretty much as they are if Trump retains his place in the White House. I couldn’t find any new initiatives on his campaign website, while …read more […]

It’s a busy week on the economic calendar. October PMIs and China stats are in focus. Brexit, COVID-19, and U.S politics will also influence. …read more […]

(Bloomberg) — China is about to show the world that its economy is pulling further out of the chasm created by the coronavirus, setting it apart from other nations struggling to avoid renewed lockdowns.Gross domestic product for the third quarter — due Monday — is forecast to come in at a 5.5% expansion from a year earlier, recovering all of the lost ground from the historic contraction in the first three months of the year.Global trade has been an unexpectedly strong driver for the world’s second-largest economy, and even still-cautious domestic consumers are becoming more confident. That returning optimism is …read more […]

(Bloomberg) — The Senate will vote on Republican proposals for a roughly $500 billion economic recovery bill and additional funding to aid small businesses starting Tuesday, Majority Leader Mitch McConnell said.The votes, essentially one-chamber messaging, will underscore the continued deep differences after months of talks on another stimulus bill that have failed to bridge gaps between President Donald Trump’s administration, House Democrats, and Senate Republicans.McConnell, who previously said the Senate would take action during the week of Oct. 19, spelled out schedule details on Saturday. A standalone vote on more funds for the Paycheck Protection Program will be held on …read more […]

(Bloomberg) — When OPEC and its allies met last month, Saudi Arabia’s energy minister dared oil speculators to test his determination to stabilize global markets.Now that a resurgent pandemic is threatening demand once again, the moment of reckoning is getting closer.The coalition of crude producers gathers on Monday to assess the state of the market. No supply decisions are expected until Dec. 1 but leading members Saudi Arabia and Russia are already stepping up diplomacy. President Vladimir Putin and Saudi Arabia Crown Prince Mohammed Bin Salman have spoken twice by phone in a week — the first time the countries’ …read more […]

More than 6 million households missed their rent or mortgage payment in September, as Congress stalls on coronavirus stimulus aid. …read more […]

* Benzinga has examined the prospects for many investor favorite stocks over the past week. * The bullish calls this past week included beleaguered stocks and a recent IPO. * A big bank and a COVID-19 therapy candidate were among the week’s bearish calls.The big three U.S. indexes ended last week essentially flat. It was another volatile week for stocks, as investors and analysts digested the delayed Prime Day, the new iPhones and the kickoff of an earnings reporting season.The stimulus impasse continued last week as well, and on the COVID-19 vaccine front, there was good news …read more […]

* This weekend’s Barron’s cover story presents the results of the Barron’s Fall 2020 Big Money Poll. * Other featured articles discuss how to find yields when preferred stock payouts are shrinking and what to expect from the wave of new electric vehicle makers. * Also, the prospects for an e-commerce pioneer, a bank that doesn’t look like a bank, a data center partnership and more.Nicholas Jasinski reveals why respondents to an exclusive Barron’s survey of U.S. money managers say they are bullish on the prospects for stocks, from Amazon.com, Inc. (NASDAQ: AMZN) to Zoom Video Communications Inc …read more […]

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