Tuesday, October 6, 2020

Google Alert - finance

Google
finance
As-it-happens update October 6, 2020
NEWS
The New York Times
Here's what you need to know: · The U.S. trade deficit climbed nearly 6 percent to $67.1 billion in August. · 'There is still a long way to go,' the Federal Reserve chair says. · Stocks are directionless as stimulus talks continue. · As movies are delayed, cinemas suffer.
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Forbes
We've been in a retirement crisis for a long time. Way back in 1992, an Atlanta Journal-Constitution article warned that "[w]ith savings rates down, the future of Social Security in question and traditional plans going the way of the eight-track tape, experts say ...
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Forbes
During McDonald's Q2 earnings call in late July, CEO Chris Kempczinski said the chain had "amassed a sizable marketing war chest" for the latter part of 2020. We now have a good idea of just what is inside that chest–powerhouse celebrity partnerships and ...
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Reuters
LONDON (Reuters) - Oil prices rose more than 3% on Tuesday, supported by supply disruptions in Norway, a hurricane in the Gulf of Mexico and U.S. President Donald Trump's return to the White House from hospital. FILE PHOTO: The sun is seen behind a ...
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Washington Post
Federal Reserve Chair Jerome H. Powell warned on Tuesday of ongoing risks to the economy and the consequences of insufficient support from policymakers, offering a sharp reminder that the economic recovery remains fragile and has a long way to go.
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Motley Fool
MGM and Wynn last week both announced plans to implement rapid COVID testing in what may be a prelude to broad visitor testing that could make Las Vegas one of the safest destination on the planet. Jeff Hwang. (XMFRelentless). Oct 6, 2020 at 10:30AM.
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CNBC
Like many successful executives — from Amazon CEO Jeff Bezos to Tesla and SpaceX CEO Elon Musk — Spotify co-founder Daniel Ek has his own unique morning ritual. But, "compared to some leaders," Ek said in an interview this year with The Observer ...
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Seattle Times
Boeing projects that the global coronavirus pandemic will result in 11% fewer new jets being delivered in the next decade compared to previous forecasts. That's about 2,200 fewer large aircraft built by all manufacturers, or 220 fewer per year on average.
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Motley Fool
Despite declining unemployment rates, more homeowners have begun to request mortgage assistance during the pandemic. The coronavirus outbreak hurt millions of Americans financially, but thankfully, there's some relief available, particularly for ...
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Forbes
Mercedes-Benz's parent company, Daimler, today announced plans to slash 20 percent from its operating costs by 2025, while slashing its model lineup and tipping its range towards electric vehicles (EVs). The move, which puts thousands more Daimler jobs ...
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ModernHealthcare.com
The White House has blocked new Food and Drug Administration guidelines on bringing potential vaccines for COVID-19 to market that would almost certainly have prevented their introduction before the Nov. 3 election. At issue was the FDA's planned ...
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FierceBiotech
The EMA uses rolling reviews to start assessing data on an experimental candidate before all the evidence needed to make a final decision is available, cutting the time it takes to decide whether to approve a prospect once the pivotal clinical trial results are ...
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Motley Fool
Reports of a rebuffed merger proposal shouldn't bother investors in the renewable energy giant. Matthew DiLallo. (TMFmd19). Oct 6, 2020 at 9:22AM. Author Bio. Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from ...
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CNN
Washington (CNN Business) Southwest Airlines says it will ask employees to take pay cuts to keep their jobs. In a new company-wide memo obtained by CNN, Southwest (LUV) CEO Gary Kelly told employees that airline revenue is down 70% and "we will all ...
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Pittsburgh Post-Gazette
It's easy to remember an apple a day keeps the doctor away but not so easy to recall what's included in a "cardiology cocktail" of medications. To help patients better understand and follow through on doctor's orders, UPMC-backed startup Abridge officially ...
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PCMag.com
As you prep for Prime Day 2020, here are a few ways to take full advantage of the discounts, from 1-Click purchases to Alexa voice ordering. PCMag Staff. By PCMag Staff. October 6, 2020. facebook · twitter · flipboard. social share. Flipboard · Pinterest.
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TheStreet
By Tiffany Lam-Balfour. For those would-be investors wanting to jump into the stock market but wondering which stock to buy, legendary investor Warren Buffett has a suggestion: Try buying 500 stocks instead. "In my view, for most people, the best thing to do ...
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Barron's
A pair of Wall Street banks has produced somewhat dueling views on where European equities are headed, as those stocks have stalled out over recent months. After a 7% gain in the second quarter, the Stoxx Europe 600 slumped 12% in the third and is up ...
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TechCrunch
Last night, Root filed to go public, adding a second name to the insurtech IPO rolls in 2020. Lemonade was first out the gate this summer, taking its rental and home insurance business public at an attractive valuation, compared to its revenues and margins as ...
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USA TODAY
Teens haven't been spared the economic fallout from the pandemic. The Gen Z age group reports having spent less money in 2020 than any other year of the past two decades, according to Piper Jaffray's 40th biannual "Taking Stock with Teens" research ...
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Barron's
Costco Wholesale stock was rising Tuesday morning, following an upgrade from Barclays, which argues there are about half a dozen reasons to buy the discounter. Analyst Karen Short boosted her rating on Costco (ticker: COST) to Overweight from Equal ...
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Bankrate.com
The average rate for a 30-year fixed-rate mortgage is 3.06 percent, declining 1 basis point over the past seven days. One month ago, the average interest rate on a 30-year loan was worse, at 3.08 percent. At today's average interest rate, you'll pay principal ...
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TechCrunch
Abu Dhabi Investment Authority, which invested $750 million in Indian telecom giant Jio Platforms in June this year, has returned to invest just as much capital in Mukesh Ambani's other venture. Reliance Retail, India's largest retail chain, said on Tuesday that ...
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FiercePharma
Battling more than 20,000 lawsuits alleging its talc powder causes cancer, Johnson & Johnson is moving to settle more than 1,000 suits for about $100 million, Bloomberg reports. J&J, which hasn't faced a talc trial in months amid the pandemic, used the ...
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Patch.com
ILLINOIS — Listeria fears have prompted the expansion of a recall of pre-cut fruit made by Country Fresh and distributed at Walmart stores in Illinois and eight other states. The recall includes containers of "Freshness Guaranteed" cut or sliced watermelon, ...
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MarketWatch
XpressSpa Group Inc. XSPA, +23.67% , a popular fixture in airports, said Tuesday it will begin rapid testing for COVID-19 at JFK and Newark airports on Wednesday. "We believe rapid COVID-19 testing at airports can play a major role in slowing the virus ...
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CNET
This is one tough LX. Lexus. Lexus debuted the J201 concept on Tuesday, and it'll make its public debut later this week when it participates in the 2020 Rebelle Rally. Driven by 2019 Rebelle 4x4 class champions Rachelle Croft and Taylor Pawley, the J201 ...
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Louisville Business First
Papa John's new chief financial officer will be paid at least $200,000 more than her predecessor, including a hefty sign-on bonus. The Louisville-based pizza company announced the hiring of CFO Ann Gugino, a former Target Corp. executive, on Monday.
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Silicon Valley Business Journal
California's Employment Development Department has launched a new identity verification system and is now ready to start taking new unemployment claims again. The new system, by Virginia-based cybersecurity firm ID.me, went live on Monday after a soft ...
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No Jitter
Acknowledging that Zoom has "taught [them] a thing or two about the end-user experiences," Cisco today unveiled a revamped Webex meeting experience, which includes more virtual backgrounds and a range of added capabilities, Javed Khan, GM and ...
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TheStreet
Alexion Pharmaceuticals (ALXN) - Get Report shares rose Tuesday after the biopharmaceutical company announced plans to raise full-year revenue guidance by more than $200 million and to execute at least $3 billion of stock buybacks in 2021 to 2023.
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The Real Deal
Thomson Reuters is considering selling its stake in its Times Square headquarters. The media company hired an advisor to solicit interest for the 50 percent stake it owns in the 885,000-square-foot building at 3 Times Square, Bloomberg News reported.
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WBIR.com
Knox County Mayor Glenn Jacobs gave the green light for trick-or-treating this Halloween. The mayor said neighborhood trick-or-treating can go on as planned, but parents and children should ensure they are following local health rules to stay safe.
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WDRB
(FOX NEWS) -- If your fast food seems a little slower these days, it's not just your imagination – and the coronavirus pandemic may be to blame. Drive-thru times at 10 of the country's top fast-food restaurants increased by an average of nearly 30 seconds ...
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Cincinnati Business Courier
Cincinnati is home to two of the region's best hotels, including the No. 1 hotel in the Midwest, according to Condé Nast Traveler. 21c Museum Hotel Cincinnati was the top-ranked hotel in the Midwest in Condé Nast Traveler's 2020 Reader's Choice Awards, ...
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WTVQ
FRANKFORT, Ky. (WTVQ/Press Release) – The anticipated release of the Van Winkle line of bourbons is coming soon. Yields from the barrels are typically low due to the evaporation during the long aging cycle, and this year is no exception. While the amount ...
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Forbes
Lori Flees, senior vice president and COO of Walmart Health, officially launched Walmart Insurance Services Oct. 6. The insurance agency will "assist people with enrolling in insurance plans and simplify what's historically been a cumbersome, confusing ...
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Valdosta Daily Times
VALDOSTA — The more things change, the more they stay the same. Average gasoline prices on the local, state and national levels have remained unchanged during the course of a week. Monday, the average price of a gallon of regular gasoline in ...
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ETF Trends
As a Bob Dylan song once said, "The Times They Are A-Changin'" and that could be said today for investors' tastes in ETFs. From the growth-fueled funds to now value-oriented funds, there's also a market shift to active fund offerings as of late as evidenced by ...
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RoadandTrack.com
Welcome to The Grid, R&T's quick roundup of the auto industry and motorsports news you should know this morning. Tesla Reportedly Dissolves its PR Team. Following months of radio silence from the Tesla media department, Jalopnik's Jason Torchinsky ...
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Valley News Live
(CNN) – The deadline is Tuesday, Oct. 6, for iPhone owners to submit claims in a $500 million settlement with Apple. The class-action settlement was the result of Apple admitting it used software updates to deliberately slow down phones. Apple said it took ...
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StreetInsider.com
CHARLOTTE, N.C., Oct. 6, 2020 /PRNewswire/ -- NN, Inc. (NASDAQ: NNBR), a diversified industrial company, today announced that it has successfully completed the sale of its Life Sciences division to affiliates of American Securities LLC for the purpose of ...
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Financial Express
The aviation sector in India has also been significantly impacted due to the pandemic. For example, in July, the country's largest airline IndiGo declared a net loss of Rs 2,884.3 crore for the first quarter of 2020-21. The IATA has around 290 airlines as its ...
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New Cannabis Ventures
Preliminary unaudited Q3 revenue of $22.8 million with gross margins of ~50%. LAS VEGAS, NV / ACCESSWIRE / October 6, 2020 / Planet 13 Holdings Inc. (CSE:PLTH) (OTCQX:PLNHF) ("Planet 13" or the "Company"), a leading vertically-integrated Nevada ...
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City A.M.
Last week, my friend and colleague Monty Munford wrote as to how crypto would never take off until cybersecurity improves. And whilst I agree with the premise – It is going to take a whole lot more than 'enhanced cybersecurity' for crypto to become ...
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The Spoon
Grubhub announced today it has inked an exclusive partnership with rideshare service Lyft to offer the latter's Lyft Pink members complimentary access to Grubhub+, according to a press release sent to The Spoon. Lyft Pink is the rideshare service's ...
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Top Gear
Not taken by a 3 Series or S60? Jag's mild-hybrid saloon is here. Stephen Dobie. 6 Oct 2020. Facebook · Twitter · Google+ · WhatsApp · Mailto · Copy link. Show/hide. 0. Magazine subscription – 5 issues for £5. PrevNext. Full screen. PrevNext. 1/8 ...
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Gizmodo Australia
Amazon finally released data on the number of coronavirus cases among its workforce and it's staggering: Nearly 20,000 U.S. employees have contracted the virus since March. The e-commerce giant said in a blog post Thursday that between March 1 and ...
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BNN
(Bloomberg) -- Rollercoaster moves in the U.S. natural gas market over the past few weeks are underscoring traders' uncertainty about whether a frigid winter, muted output and rebounding demand will send prices rocketing higher in the coming months.
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TechCrunch
A new company called Scribe Therapeutics founded by two former members of CRISPR pioneer Jennifer Doudna's UC Berkely genetics lab (alongside Doudna herself) launched on Tuesday, debuting a platform designed specifically to help develop and ...
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