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Stock market news live updates: Stock futures trade higher with earnings, more stimulus talks ahead

Contracts on the three major indices traded higher Monday morning, as investors looked ahead to a round of quarterly corporate earnings results that are expected to have improved relative to previous quarters this year. Stimulus talks in Washington also remained in focus. …read more […]

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IEA nudges up 2020 gas demand forecast, but still sees record fall

The International Energy Agency (IEA) has nudged up its global gas demand forecast for this year, but still sees the biggest fall on record due to the impact of the COVID-19 pandemic. The Paris-based agency said on Monday it now expected gas demand to drop by 3% year-on-year, or 120 billion cubic metres (bcm), to 3,886 bcm. “Global gas demand has been progressively recovering since June, driven mainly by emerging markets,” IEA director Fatih Birol said in a statement, after the agency published its “Global Gas Security Review 2020”. …read more […]

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Exclusive: Goldman Sachs financial targets jeopardized as pandemic slows revamp

Goldman Sachs Group Inc management is considering whether to scale back financial targets set earlier this year, as the coronavirus pandemic has hindered the bank’s business model revamp, analysts and sources inside the bank told Reuters. Goldman unveiled plans to boost returns on equity and cut costs during its first-ever investor day in January. To reach its goals, Goldman would squeeze more revenue from existing businesses like wealth management as well as relatively new ones like consumer lending, while launching additional corporate services like cash management. …read more […]

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Stimulus bets prop up S&P, Nasdaq futures

“Headline havoc will continue to drive volatility, but investors are all but certain that whoever wins the election, a new bold fiscal package is on the way,” said Hussein Sayed, chief market strategist at FXTM. A recent Reuters/Ipsos poll showed Americans were steadily losing confidence in President Donald Trump’s handling of the COVID-19 pandemic, with his net approval on the issue hitting a record low. With the Oct. 15 presidential debate officially canceled, Trump plans to travel to key battleground states this week as his doctor declared he was no longer a transmission risk for the novel …read more […]

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Caterpillar bets on self-driving machines impervious to pandemics

Question: How can a company like Caterpillar try to counter a slump in sales of bulldozers and trucks during a pandemic that has made every human a potential disease vector? Caterpillar’s autonomous driving technology, which can be bolted on to existing machines, is helping the U.S. heavy equipment maker mitigate the heavy impact of the coronavirus crisis on sales of its traditional workhorses. With both small and large customers looking to protect their operations from future disruptions, demand has surged for machines that don’t require human operators on board. …read more […]

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A New Ban on Bitcoin… Could Stocks Be Next?

Something funny is going on in the world of cryptocurrencies.
At the same time as central banksters are quietly testing out new forms of digital money of their own… they’re doing everything they can to keep the competition on its toes.
The latest from the folks in the U.K. proves our point.
With its money and the economy that backs it drifting through Brexit talks, the once-mighty nation has a lot to worry about when it comes to free market forms of money.
They’re a big threat.
It’s no wonder, then, Kingdom rulemakers have gone after Bitcoin in a big way.
They just announced a ban …read more […]