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U.S. nears 7M coronavirus cases, big pharmaceutical companies race for a vaccine

The U.S. is inching closer to hitting 7 million coronavirus cases as Midwest states like Wisconsin, Montana and South Dakota see an uptick. This comes as big pharmaceutical companies race to find a vaccine. Yahoo Finance’s Anjalee Khemlani joins The First Trade with Alexis Christoforous and Brian Sozzi to discuss that and what pharmaceutical companies are close to reaching final stages of coronavirus vaccine trials. …read more […]

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J.P. Morgan Says These 3 Stocks Could Surge Over 100% From Current Levels

After the summer bulls, markets corrected themselves – but more than that, the selling was highly concentrated in the tech sector. The tech-heavy NASDAQ is now leading the on the fall, having lost 11.5% since September 2.JPMorgan strategist Marko Kolanovic points out that much of the market is now well-positioned for a rebound. Kolanovic believes that stocks will head back up in the last quarter of the year.“Now we think the selloff is probably over. Positioning is low. We got a little bit of a purge, so we think actually market can move higher from here,” Kolanovic noted.Acting on Kolanovic’s …read more […]

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Apollo Buyout Firm Explores Takeover of Gambling Firm William Hill

(Bloomberg) — Apollo Global Management Inc. and Caesars Entertainment Inc. have approached U.K. gambling group William Hill Plc about a potential takeover.William Hill has received separate cash proposals from the two groups, it said in a statement Friday after Bloomberg News reported on the Apollo approach.Talks are ongoing and there is no certainty that a formal offer will be made, William Hill said. Shares of the bookmaker rose as much as 41% in London trading on Friday, hitting their highest level in more than two years and giving the company a market value of about 3.1 billion pounds ($3.9 billion).A …read more […]

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How to Build Financial Wealth

To acquire wealth, it is helpful to know what it is… and what it is not.
There are many sorts of wealth. This essay is about only one of them: financial wealth.
Financial wealth can easily be defined as net worth – the sum of one’s assets less the sum of one’s liabilities.
You’d think a concept so simple and straightforward would be easy to understand. But surprisingly few people do.
Years ago, at an investment conference, I asked the audience to volunteer definitions of financial wealth. About a half-dozen were proffered, none of which was net worth. The two most popular were …read more […]

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Europe regulator sees November lifting of Boeing 737 MAX flight ban

Boeing’s grounded 737 MAX could receive regulatory approval to resume flying in November and enter service by the end of the year, Europe’s chief aviation safety regulator said on Friday. “For the first time in a year and a half I can say there’s an end in sight to work on the MAX,” said Patrick Ky, executive director of the European Union Aviation Safety Agency (EASA). EASA expects to lift its technical ban “not long” after the U.S. Federal Aviation Administration (FAA), probably in November, but national operational clearances needed for individual airlines to resume flying in Europe …read more […]

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Boohoo review finds 'many failings' in Leicester supply chain

Boohoo commissioned the review, headed by senior lawyer Alison Levitt, in July after a damaging British media report about factory working conditions. “Ms Levitt is satisfied that Boohoo did not deliberately allow poor conditions and low pay to exist within its supply chain, it did not intentionally profit from them and its business model is not founded on exploiting workers in Leicester,” Boohoo said in a statement. …read more […]