Year: 2020

The U.S. is testing more and more Americans for COVID-19, but Dr. Dara Kass, a Yahoo medical contributor and associate professor of emergency medicine at Columbia University, says additional testing is not the reason why cases are spiking. She speaks with Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Editor-in-Chief Andy Serwer. …read more […]

(Bloomberg) — Halliburton Co. impressed investors by slashing costs more than expected as the fracking behemoth works its way through an historic shale bust.The Houston-based company posted $456 million in free cash flow during the second quarter, it said in a statement on Monday, and is charting a “fundamentally different course” after firing thousands of workers and slashing its dividend in recent months. The free cash flow number was more than double analysts’ forecasts. Shares rose more than 5% in early trading.The world’s biggest provider of fracking “inked simply outstanding results vs. expectations,” analysts at Tudor Pickering Holt & Co. …read more […]

Mass demonstrations triggered by the arrest of a local governor in Russia’s Far East have grown into a wave of dissatisfaction over social and economic struggles and the rule of Vladimir Putin, despite the president’s recent referendum victory. Photo: Evgenii Pereverzev/Reuters …read more […]

(Bloomberg) — Silver futures are latching on to gold’s rally, climbing above $20 an ounce to the highest since 2016 on rising haven demand and concerns about supply of the white metal.Gold and silver have surged this year as the coronavirus pandemic roiled the global economy, spurring sustained demand for havens even as some lockdowns were eased. The outbreak has yet to brought under control in many countries including the U.S., bolstering the case for holding the metals.At the same time, there are concerns over production. Of 275 disrupted mining operations globally, the most-impacted were gold and silver mines, according …read more […]

It’s far from business as usual at the Indianapolis headquarters of Eli Lilly, with only a sixth of the pharma company’s employees working on-site to develop potential Covid-19 treatments. WSJ’s Peter Loftus takes us inside. Photo: Eli Lilly …read more […]

BeiGene (BGNE) and Assembly Biosciences (ASMB) have announced a new collaboration in China for Assembly’s three clinical-stage core inhibitor candidates for the treatment of chronic hepatitis B virus (HBV) infection. Shares in ASMB are surging 9% in Monday’s pre-market trading, while BGNE is up 3%.Under the terms of the agreement, Assembly has granted BeiGene exclusive rights to develop and commercialize ABI-H0731, ABI-H2158 and ABI-H3733 in China, including Hong Kong, Macau, and Taiwan. ABI-H0731 and ABI-H2158 are in ongoing Phase 2 clinical trials and ABI-H3733 is in Phase 1 development.BeiGene will be responsible for development, regulatory submissions, and commercialization in China. …read more […]

Jul.20 — President Donald Trump will meet Monday with Senate Majority Leader Mitch McConnell and Treasury Secretary Steven Mnuchin to begin discussions on a new coronavirus stimulus package. Bloomberg’s Kevin Cirilli reports on “Bloomberg Surveillance.” …read more […]

Noble’s assets will expand Chevron’s presence in the DJ Basin of Colorado and the Permian Basin across West Texas and New Mexico. Chevron’s offer comes more than a year after it was forced to abandon its takeover bid for Anadarko Petroleum Corp, outmaneuvered by Occidental Petroleum Corp’s higher offer. …read more […]

Last week, I began telling you that if you are willing to do some careful thinking and make wise decisions, you can live just as well as Bill Gates on a fraction of his income.
Contrary to popular opinion, most of the best material things in life are affordable. They are not always cheap – quality never is – but they are almost always within the financial reach of middle-class wage earners.
We are going to continue that discussion today, moving on to some other examples.
Food and Drink
Want to have a billion-dollar meal? Take a good bottle of wine, a baguette of …read more […]

NEW YORK, July 20, 2020 /CNW/ — KPS Capital Partners, LP (“KPS”) announced today that, through a newly formed affiliate, it has entered into an asset purchase agreement with Briggs & Stratton Corporation (NYSE: BGG) and certain of its wholly-owned subsidiaries (collectively, “Briggs & Stratton” or the “Company”) under which KPS will acquire substantially all of the assets of Briggs & Stratton, including equity of foreign subsidiaries, for approximately $550 million. Briggs & Stratton has filed a motion with the United States Bankruptcy Court for the Eastern District of Missouri seeking the designation of KPS as the stalking horse …read more […]

TikTok, the popular video-messaging app with Chinese roots, is facing global scrutiny as countries consider imposing restrictions on the company. WSJ’s Liza Lin explains why the U.S. government says the quirky platform poses a risk on American smartphones. Photo composite: Sharon Shi …read more […]

(Bloomberg) — Angela Merkel promoted Wirecard AG during a past state visit to China before she was aware of potential irregularities at the payments company.“During her discussions in China, the chancellor mentioned Wirecard along with topics affecting other companies,” Merkel’s deputy spokeswoman Ulrike Demmer said Monday at a regular government press conference in Berlin. “The chancellor definitely wasn’t aware of irregularities at Wirecard at the time,” she added, without specifying the time frame.Wirecard, a member of Germany’s benchmark DAX index, became a national disgrace when it said last month that a quarter of its balance sheet probably doesn’t exist. That …read more […]

Top news and what to watch in the markets on Monday, July 20, 2020. …read more […]

Intel’s autonomous driving unit Mobileye scores another big win, this one with auto giant Ford. …read more […]

Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, said on Monday that it had started the process of a concurrent initial public offering on Shanghai’s Nasdaq-style Star Market and the Hong Kong Stock Exchange. The world’s most valuable tech “unicorn” said in a release that the listings will help the company accelerate its goal of digitising the service industry in China, develop global markets with partners and expand investment in technology and innovation. Ant did not disclose the size, timetable or other details of the offering in the release. …read more […]