Year: 2020

(Bloomberg) — PG&E Corp. said it may need to cut power this week in parts of Northern California to reduce the chances of its equipment starting blazes as the risk of wildfires is expected to return to the state.California’s largest utility said it sees windy conditions developing by Wednesday that could require it to turn off power in mountainous areas north and south of San Francisco and in the Sierra Nevada foothills, according to a statement posted Sunday on the company’s website.PG&E has been resorting to power shutoffs to lesson the chance that its power lines spark a blaze after …read more […]

(Bloomberg) — Oil slipped a second day as operations in the Gulf of Mexico began to resume following Hurricane Delta, Libya stepped up plans to restart production and oil workers in Norway called off a strike.Futures in New York fell as much as 0.9%, after declining 1.4% on Friday. U.S. Gulf operators are beginning to restart production after the storm made landfall on Friday. Delta’s approach had seen about 92% of oil production and 62% of gas output shuttered.Libya took a major step toward reviving its battered oil industry by reopening its biggest field. The Sharara field will initially pump …read more […]

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(Bloomberg) — The offshore yuan fell in early trading after Chinese policy makers acted to restrain the currency’s strength by removing rules that made it expensive to bet against. Asian stock futures pointed to a mixed start for equities.The yuan was about 0.6% lower against the dollar. The Australian and New Zealand dollars also slipped as foreign exchange markets opened. The S&P 500 ended higher last week as some traders bet lawmakers are moving closer to reaching an agreement to provide more fiscal stimulus. Stock futures in Japan and Australia were flat.The daily currency fixing in China will be closely …read more […]

(Bloomberg) — The new coronavirus may remain infectious for weeks on banknotes, glass and other common surfaces, according to research by Australia’s top biosecurity laboratory that highlights risks from paper currency, touchscreen devices and grab handles and rails.Scientists at the Australian Centre for Disease Preparedness showed SARS-CoV-2 is “extremely robust,” surviving for 28 days on smooth surfaces such as glass found on mobile phone screens and plastic banknotes at room temperature, or 20 degrees Celsius (68 degrees Fahrenheit). That compares with 17 days survival for the flu virus.Virus survival declined to less than a day at 40 degrees Celsius on …read more […]

Journal Editorial Report: The week’s best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Image: Reuters/AFP via Getty Composite: Mark Kelly …read more […]

Journal Editorial Report: Did the vice president point a way forward for Trump? Image: Zak Bennett/AFP via Getty Images …read more […]

The deal would come as Triller seeks to capitalize on TikTok’s woes. U.S. President Donald Trump’s administration has ordered TikTok’s Chinese parent ByteDance to divest the app, citing concerns that the data of U.S. citizens could be accessible to China’s Communist Party government. TikTok has sued the U.S. government to stave off a ban from U.S. app stores while deal negotiations continue. …read more […]

Rates on the shorter-term loans are at historic lows. Here’s how to get the best deal. …read more […]

U.S. energy companies were returning workers and restarting operations at storm-swept production facilities along the U.S. Gulf Coast on Sunday, two days after Hurricane Delta barreled through the area. Chevron Corp, Royal Dutch Shell Plc and BHP Group all said workers were headed back to production platforms in the U.S.-regulated northern Gulf of Mexico. BHP expects to complete the return of workers to its Shenzi and Neptune production platforms on Sunday, spokeswoman Judy Dane said, adding that resuming flows will depend on how quickly pipelines return to service. …read more […]

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(Bloomberg) — President Donald Trump and House Speaker Nancy Pelosi blamed each other for a lack of progress on a fiscal stimulus deal for the U.S. economy, while a senior White House aide said he expects talks to continue.After a week of shifting signals on the amount of stimulus and how to get there, Trump said on Fox News that Republicans are “having a hard time with Nancy Pelosi.” Pelosi labeled the administration’s offer on dealing with the health impact of the virus pandemic “grossly inadequate.”“Until these serious issues are resolved, we remain at an impasse,” Pelosi said in a …read more […]

I often get this election question: Will stocks fall if my candidate, Trump or Biden, losses? My answer is always, don’t invest your politics. …read more […]

Out on Wall Street, elections are the talk of the town. As President Trump’s battle against COVID-19 wages on, Biden has taken the lead in the race to the White House, with a Reuters poll conducted on October 2-3 putting the former Vice President ahead by 10 percentage points. Against this backdrop, fears of a blue wave (a Democrat-controlled presidency, Senate and House) are washing onto the Street. However, Goldman Sachs believes a blue wave might not be such a bad thing for the U.S. economy. “All else equal, such a blue wave would likely prompt us to upgrade our …read more […]

If you’re looking for a multi-bagger, there’s a few things to keep an eye out for. One common approach is to try and… …read more […]