Year: 2020

Sep.21 — Donald Trump’s plans to name a replacement for Supreme Court Justice Ruth Bader Ginsburg this week offer Joe Biden the chance to galvanize newly energized Democrats, while providing the president a fresh battle in a culture war he’s waged for four years. Early reaction to Ginsburg’s death on Friday suggests Biden stands to gain more politically from the sudden vacancy, as it underscores the stakes of the contest for liberal voters who had been reluctant to endorse his centrist candidacy. Derek Wallbank reports on “Bloomberg Surveillance.” …read more […]

Investors and big auto makers are pouring money into electric-vehicle startups in a search for the next Tesla, with the hopes of cashing in. One company is drawing more scrutiny than most. WSJ explains. Illustration: Jacob Reynolds/WSJ …read more […]

(Bloomberg) — U.S. equity-index futures extended declines, signaling losses at the open on Wall Street, as global stocks were hit by concern about new restrictions spurred by rising coronavirus cases.Futures contracts on the S&P 500 Index dropped 1.4% as of 10:20 a.m. in London, pointing to a fourth straight daily decline, the longest stretch of losses for the gauge since the end of February. Contracts on the Dow Jones Industrial Average and Nasdaq 100 fell 1.6% and 1.2%, respectively.U.S. deaths related to Covid-19 are nearing 200,000 and the nation’s new cases rose in line with a one-week average. At least …read more […]

Tesla’s stock has risen in recent sessions ahead of the event scheduled for Tuesday after the close of trading. Many analysts expect Musk to unveil battery improvements extending the Palo Alto, California automaker’s lead over General Motors, Volkswagen and other rivals. Tesla options are pricing in a stock move of around 17% – up or down – by Friday, said Christopher Murphy, co-head of derivatives strategy at Susquehanna Financial Group. …read more […]

Sep.21 — Democratic Presidential Nominee Joe Biden makes a plea to Senate Republicans who are moving quickly to fill the Supreme Court seat of Justice Ruth Bader Ginsburg who passed away on Friday. He spoke at news briefing in Philadelphia. …read more […]

…read more […]

(Bloomberg) — HSBC Holdings Plc slumped below its financial crisis low set more than a decade ago as pressures mount on several fronts, including a potential threat to its China expansion plans and increased scrutiny of money laundering controls.The London-based bank’s Hong Kong shares on Monday slid below their closing low for March 2009, hitting as low as HK$29.60. They have plunged 51% this year, reaching the lowest since 1995. In London, HSBC fell 3.3% as of 8:05 a.m. local time, compared with the 1.7% decline in the benchmark FTSE 100 Index.Europe’s largest bank is a possible candidate for China’s …read more […]

Sep.21 — The U.K. is at a “critical point” in the coronavirus pandemic, according to a preview of remarks prepared for a public briefing by Chief Medical Officer Chris Whitty. The warning comes amid expectations that local restrictions could soon be extended to London. Edward Evans reports on “Bloomberg Markets: European Open.” …read more […]

VANCOUVER, BC, Sept. 21, 2020 /CNW/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today noted that China’s government has announced a new official policy regarding Fuel Cell Electric Vehicles, or FCEVs, which is expected to support the adoption of FCEVs in selected demonstration regions in China. …read more […]

Sep.21 — President Donald Trump discusses Oracle Corp.’s agreement to take a stake in TikTok. The proposal, which has the president’s blessing, would give Oracle and other investors minority ownership of a new company called TikTok Global. He spoke at a news briefing at the White House on Saturday. …read more […]

…read more […]

…read more […]

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review, known internally as Project Reshape and expected to be completed this year, will affect its three main divisions and any savings will come on top of a $4 billion target set in the wake of the COVID-19 crisis. Reducing costs is vital for Shell’s plans to move into the power sector …read more […]

(Bloomberg) — The TikTok video-sharing app was already under U.S. scrutiny when users pranked President Donald Trump’s campaign by pretending to reserve thousands of tickets to a June re-election rally in Oklahoma.For Trump administration hardliners who wanted a tougher stance toward Beijing and viewed the Chinese-owned app as a national security threat, it was the perfect moment to pounce. The president, furious over the Covid-19 pandemic and embarrassed by empty seats at his campaign event, obliged.Linking TikTok to Beijing’s handling of the raging coronavirus outbreak, Trump in July threatened to ban the app used by 100 million Americans unless China …read more […]

The world’s largest 50 investment banks are on track to double their income from precious metals this year to around $2.5 billion, most of it from gold, Coalition, a banking consultancy, told Reuters. The juicy rewards, which have not previously been reported, mark a stunning reversal of fortune for bullion banks. In March, some had to wipe hundreds of millions of dollars off their trading books as the global pandemic snarled the supply of gold bars. …read more […]