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Supreme Court Fight Galvanizes Final Sprint of Election

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 […]

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U.S. Index Futures Extend Losses as Rising Virus Cases Sour Mood

(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 […]

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Tesla traders bet on Musk battery pitch to spark rally

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 […]

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HSBC Shares Fall to 25-Year Low on China Fears, Banks Report

(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 […]

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U.K. at ‘Critical Point’ in Virus Surge With London at Risk

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 […]

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Ballard Comments on China's New Policy to Support Adoption of Fuel Cell Electric Vehicles

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 […]

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Trump: I Have Given the Tiktok-Oracle Deal My Blessing

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 […]