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GE Warns of Likely SEC Accusations Tied to Reserves; Shares Fall

(Bloomberg) — General Electric Co. sank after the company warned that it’s likely to face U.S. Securities and Exchange Commission allegations of wrongdoing tied to a previously disclosed accounting probe.The company received a so-called Wells notice Sept. 30 advising that the SEC may pursue a civil enforcement action over possible securities violations tied to an old insurance business, according to a GE regulatory filing Tuesday. The SEC has yet to decide whether to recommend action on issues related to GE’s power-equipment business that are also under investigation.The Wells notice signals a new phase in a wide-ranging SEC investigation that began …read more […]

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Stocks Fall, Bonds Gain After Stimulus Talks Ended: Markets Wrap

(Bloomberg) — U.S. stocks tumbled after President Donald Trump said he is ending stimulus talks until after the election, just hours after Federal Reserve Chairman Jerome Powell renewed his warning that the economy will stumble without additional fiscal support.The benchmark S&P 500 slumped as much as 1.5% after Trump tweeted his comments, erasing a gain of as much as 0.7%. Treasury yields surged and the dollar jumped against most its major peers.“It goes to show that the stimulus package was far from a forgone conclusion,” said Matt Miskin, co-chief investment strategist at John Hancock Investment Management. “The market had had …read more […]

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The Psychology of “Influence” in Investing

Robert Cialdini is no ivory tower academic.
Most psychology professors conduct research on college students. But Cialdini bases his work on experiments in the real world of business.
Cialdini spent three undercover years working at used car dealerships, fundraising organizations and telemarketing firms to observe real-life examples of persuasion.
The result was Influence: The Psychology of Persuasion. The book established Cialdini as one of the most influential social psychologists in the world.
You’ll recognize the footprints of Cialdini’s research in almost every sales pitch you come across.
No wonder thousands of salespeople across the world consider Influence their bible.
I consider it among the top 20 …read more […]

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Boeing cuts jet demand forecast on pandemic crisis

Boeing cut its rolling 20-year forecast for airplane demand on Tuesday, sending its shares lower as the COVID-19 pandemic lays waste to deliveries over the next few years. The U.S. planemaker, which dominates jet sales together with Europe’s Airbus, forecast 43,110 commercial aircraft deliveries over the next 20 years, down 2% from 44,040 projected a year ago and worth an unchanged $6.8 trillion at list prices. While fleets are still expected to almost double, it is the first time since the 2009 financial crisis that Boeing has cut the 20-year demand forecast in terms of the number of …read more […]

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Tesla Is in Talks With Top Miner BHP Over Nickel-Supply Pact

(Bloomberg) — Tesla Inc. is in talks with BHP Group on a nickel deal as the electric-car maker targets higher production and seeks to avoid a supply crunch, according to people familiar with the matter.Talks are held up on pricing, and no final agreement has been reached so far between the automaker and BHP, the world’s largest miner, said one of the people, requesting anonymity because the talks are private. The discussions come as Tesla works to raise the amount of the metal used in vehicle batteries to improve performance, and as it makes a push into in-house cell production.Nickel …read more […]

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Companies to Shrink Offices as Remote Work Becomes ‘New Normal’

(Bloomberg) — More than half of companies plan to shrink their offices as working from home becomes a regular fixture after the Covid-19 pandemic ends, according to a survey by Cisco Systems Inc.Some 53% of larger organizations plan to reduce the size of their office space and more than three quarters will increase work flexibility. Almost all of the respondents were uncomfortable returning to work because they fear contracting the virus, the poll found.Cisco, the largest maker of networking equipment, recently surveyed 1,569 executives, knowledge workers and others who are responsible for employee environments in the post-Covid era. The findings …read more […]

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Microsoft CEO Says Remote Work Can Feel Like ‘Sleeping at Work’

(Bloomberg) — Microsoft Corp. has been a major beneficiary of the work-from-home boom spurred by the Covid-19 pandemic. But Chief Executive Officer Satya Nadella is realizing the pitfalls of being away from the office for so long. Online meetings can make employees tired and make it difficult to transition from a work mindset to private life, the executive said at The Wall Street Journal CEO Council on Tuesday. “When you are working from home, it sometimes feels like you are sleeping at work,” he added. Video meetings can be particularly enervating, the CEO noted, citing brain studies on the subject. …read more […]

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Pros and Cons of Day Trading for a Living

Day trading for a living is no easy task. In fact, it’s a full-time job. And the risks can pile up if you don’t know what you’re doing or you lose focus. However, you can also bring in massive returns on a daily basis if you put in the research and make the right plays.
So, is it worth becoming a day trader? Let’s take a deeper look at the pros and cons of day trading.

Pros of Day Trading for a Living
Day trading is the process of buying and selling stocks within a single trading day. And for most traders, this …read more […]