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  • SDRL - Seadrill - Brazil

    SDRL - Seadrill - BrazilSeadrill Limited ("Seadrill" or the "Company") (OSE: SDRL) (OTCQX: SDRLF) confirms that today its subsidiary Seadrill Serviços de Petroleo, Ltda was served with a search and seizure warrant from the Federal Police in Rio de Janeiro, Brazil as part of the latest phase of Operation Car Wash.


  • Fact check: In 2016, Trump didn't tweet about replacing Scalia on Supreme Court

    Fact check: In 2016, Trump didn't tweet about replacing Scalia on Supreme CourtA tweet that purports to be from Donald Trump in 2016 that said "Obama should wait until he leaves office to pick another Justice" is fake.


  • InsurTech Startup CogniSure Launches AI Platform for Commercial Loss Run Automation With 9 Pilot Customers

    InsurTech Startup CogniSure Launches AI Platform for Commercial Loss Run Automation With 9 Pilot CustomersThe insurance industry spends a significant amount of manual effort, time and money analyzing PDF and Excel loss runs that are in nonstandard, carrier-specific, unstructured document formats. The CogniSure patent pending algorithms extract data with high accuracy levels and normalize to a common loss run format. It further converts this data into actionable insights that can be a valuable input into the risk management decision-making process. CogniSure has trained the top 25 carrier loss run formats and expects to have the top 100 insurance carrier loss runs trained in the platform by the end of 2020. The CogniSure AI LossRun Insights platform is currently being piloted by commercial insurance carriers, brokers/MGAs, and lenders.


  • This Stanford Student Spent His Summer Helping The Hospitalized Register To Vote

    This Stanford Student Spent His Summer Helping The Hospitalized Register To VoteBen Ruxin was an intern with VotER, a group that helps healthcare providers register patientsThe post This Stanford Student Spent His Summer Helping The Hospitalized Register To Vote appeared first on Poets&Quants.


  • Ameris Bancorp Announces Pricing Of $110,000,000 Subordinated Notes Offering

    Ameris Bancorp Announces Pricing Of $110,000,000 Subordinated Notes OfferingAmeris Bancorp (Nasdaq: ABCB), the parent holding company of Ameris Bank, announced today that it has priced the underwritten public offering of $110 million aggregate principal amount of its 3.875% Fixed-to-Floating Rate Subordinated Notes due 2030 (the "Notes"). The Notes will initially bear a fixed interest rate of 3.875% per year. Commencing on October 1, 2025, the interest rate on the Notes will be a floating per annum rate equal to the Benchmark rate (which is expected to be Three-Month Term SOFR) (each as defined in the Notes) plus 375.3 basis points, payable quarterly in arrears. The offering is expected to fund on September 28, 2020, subject to the satisfaction of customary closing conditions.


  • Brexit: Lorry drivers will need a permit to enter Kent after transition period

    Brexit: Lorry drivers will need a permit to enter Kent after transition periodThe government plans to create an internal border to prevent gridlock on the county's motorways.


  • How to find an ultra-low mortgage rate, even as rates rise now

    How to find an ultra-low mortgage rate, even as rates rise nowThirty-year rates as low as 2.50% are still around, but you have to know how to find them.


  • Our Fortnite building tips and tricks will help you survive

    Our Fortnite building tips and tricks will help you surviveIf you want to pull off a Victory Royale, it'll help to understand how to build a few towers and shelters.


  • Canadian PM Trudeau promises 'ambitious' recovery plan

    Canadian PM Trudeau promises 'ambitious' recovery planThe Throne Speech includes a plan to create one million jobs as part of the recovery efforts.


  • Trump says he wants to fill Supreme Court seat quickly in case justices need to settle election dispute

    Trump says he wants to fill Supreme Court seat quickly in case justices need to settle election disputePolitical opponents said Trump wants a bigger Supreme Court as soon as possible to fix the presidential election in his favor.


  • 3 “Perfect 10” Stocks to Watch as Volatility Within the Market Continues

    3 “Perfect 10” Stocks to Watch as Volatility Within the Market ContinuesFrom the end of March through the end of August, stocks had a tremendous runup to record high levels. The gains completely wiped out the losses from the mid-winter ‘coronavirus collapse,’ and it looked like we were in for a sustained run of good days. But all of that changed as September rang in. The market hit a bump, and has been undergoing a correction. It’s at times like these that some comprehensive stock analysis is most helpful. TipRanks has the right tool for that job: the Smart Score, which analyzes 8 separate factors from the TipRanks database, all collected and measured by AI algorithms, and uses them to generate a simple, comprehensive score for the market’s most traded stocks. The Smart Score measures the traditional factors of stock analysis, including the technical and fundamental analyses, as well as the conventional wisdom on a stock, through analyst, blogger, and news sentiment, and the collective investor views, through hedge activity, insider trading, and individual investor activity. The result is an aggregate, a single number that points out the stock’s likely forward path.With this mind, we’ve used the TipRanks database to find three stocks with “perfect 10” Smart Scores. We’ll see why these companies scored so highly, and what Wall Street’s analysts have to say about it.Camping World Holdings (CWH)We’ll start with a company that has a unique advantage during these pandemic days. Camping World Holdings is the largest retailer of RVs in the US, along with their related camping and maintenance gear, and the support services and insurance plans required to keep up such a vehicle. CWH has more than 200 retail locations in its network, operating in 36 states.After taking one-time administrative losses in Q4 of last year, CWH saw earnings improve in 1Q20, and improve further in the second quarter. Q2 earnings, at 69 cents per share, beat the forecast by 43%. Quarterly revenue rose 56% sequentially, to reach $1.61 billion. The company also boasted over $227 million in available cash at the end of the quarter.Strong sales for an RV company make sense this summer. The coronavirus pandemic has forced imposition of social distancing measures in many states, and RVs are a recreation that is inherently compatible with such restrictions.Ryan Brinkman, covering the stock for JPMorgan, commented, “…structural demand tailwinds relative to consumers looking to travel in such a way as to avoid contraction of COVID-19 seems set to continue to more than outweigh the cyclical headwinds impacting demand in many other end-markets. This growing demand, coupled with the company’s improved execution that resulted in breakout 2Q EBITDA performance, assuages earlier concerns relative to execution and leverage.”To this end, Brinkman rates the stock an Overweight (i.e. Buy), and his $44 price target implies an upside of 50% for the coming year. (To watch Brinkman’s track record, click here)Overall, Camping World Holdings has a Moderate Buy analyst consensus rating, based on an even split of 4 Buy reviews and 4 Holds. The shares are selling for $29.20, and the average price target of $38.86 suggests a one-year upside potential of 33%. (See CWH stock analysis on TipRanks)Home Bancshares (HOMB)Next up is a bank holding company, Home Bancshares, whose subsidiaries have over 160 branches catering to snowbirds in Florida, Alabama, Arkansas, and New York City. The company boasts a $2.4 billion market cap, and $16.9 billion in total assets.Home Bancshares stock has only partially recovered its share price since the mid-winter swoon – in that, the company has performed like many other bank companies so far this year. The corona pandemic and social and business restrictions put a damper on brick and mortar bank branch traffic. But HOMB’s revenues and earnings have outperformed. Revenues for Q2, at $171.6 million, are the highest in a year, and earnings clobbered the forecasts in both Q1 and Q2. The second quarter result, of 47 cents per share, was 80% better than expected.In July, HOMB declared its fiscal Q3 dividend, of 13 cents per common share, paid on September 2. This is the sixth consecutive quarter with the dividend at this level. The payment annualizes to 52 cents per share, and gives a yield of 3.54%. While that may not sound like much, the average dividend yield among S&P listed companies is only 2%.Singing the banking name's praises is Piper Sandler analyst Stephen Scouten."Given that the bank is seeing improved occupancies at many of its hotel categories, seeing recent weighted-avg rent collection of 83% in retail, and possesses a 2.15% LLR (ex PPP) - we continue to view the bank as well-reserved and well-positioned to take advantage on the other side of this recession," Scouten opined. Scouten’s $19 price target suggests a 30% upside potential, supporting his Overweight (i.e. Buy) rating. (To watch Scouten’s track record, click here)Overall, Home Bancshares has a Moderate Buy analyst consensus rating, based on 5 reviews split 3 to 2 between Buys and Holds. The stock has an average price target of $18.40 and a current trading price of $14.68, implying a 12-month growth potential of 26%. (See HOMB stock analysis on TipRanks)Agree Realty Corporation (ADC)Last on our "perfect 10" list is a real estate investment trust (REIT) based in the Metro Detroit area. Agree Realty has a huge portfolio – 935 properties in 46 states totaling over 18 million square feet of leasable space. The company’s portfolio is focused on shopping centers and single tenant retail properties.Where many REITs had difficulty during the pandemic’s height in collecting rents, Agree has been remarkably successful in that area. The company reports that it has received rents from 91% of its portfolio for the second quarter, and has deferral agreements for another 3%. Preliminary Q3 numbers are even better – for July, the company has a 95% rent payment rate, and for August, 96%.Collecting rents ensures income, and that in turn ensures earnings. Revenues for 1H20 have been rising modestly, from $55.8 million in Q1 to $57.5 million in Q2. EPS rose sequentially in the first quarter, but slipped in the second – yet, the Q2 EPS still beat the forecast by 5.5%.Agree’s firm financial foundation allowed it to raise the dividend payment during the pandemic period, setting the payment at 60 cents per common share. With an annualized payment of $2.40 and a yield of 3.75%.Berenberg analyst Nate Crossett notes the high rent collection, and its implication for the company’s profitability."We are very encouraged by this data point, and believe that the ultimate amount of losses via rent reductions/credit events will be minimal [...] With a strong acquisition engine driving AFFO growth (bolstered by a significant cost of capital advantage [shares trading at 125% of NAV, versus net lease at 99%]), and pro forma leverage (1.6x net debt/EBITDA) the lowest in the space, we believe ADC is poised to continue to outperform the net lease group in H220."Accordingly, Crossett rates ADC a Buy, and his $78 price target implies room for a 25% upside potential. (To watch Crossett’s track record, click here)All in all, Agree Realty has a unanimous ‘Strong Buy’ analyst consensus rating, based on 7 Buy reviews. The shares are selling for $62.30 and have an average price target of $77.17, making the upside potential 24% for the coming year. (See ADC's stock analysis at TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.


  • Are Insiders Buying Swift Media Limited (ASX:SW1) Stock?

    Are Insiders Buying Swift Media Limited (ASX:SW1) Stock?We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...


  • California to ban all new gas-powered cars by 2035 under order by Gov. Gavin Newsom

    California to ban all new gas-powered cars by 2035 under order by Gov. Gavin NewsomNewsom on Wednesday signed an executive order banning the sale of new gas-powered cars within 15 years to fight pollution, climate change


  • US stocks resume slide while European equities gain

    US stocks resume slide while European equities gainWall Street stocks resumed their selloff Wednesday, while European equities advanced despite worries over increased coronavirus cases in the region that are sparking fresh restrictions.


  • Statement on the Passing of Rick Case by José Muñoz, President and CEO, Hyundai Motor North America

    Statement on the Passing of Rick Case by José Muñoz, President  and CEO, Hyundai Motor North AmericaI am saddened to learn of the death of Rick Case and I extend my deepest condolences to his wife Rita and their three children. Rick was a leader in the auto world and had an exceptional ability to communicate a wonderful mix of vision and compassion. Many know Rick as an exceptional car dealer, and he certainly was that, but he was also a pillar of his community—contributing generously to numerous local charities. On behalf of myself and the entire Hyundai team, we will miss Rick and his indelible spirit. His legacy will continue to inspire Hyundai and our industry for many years to come.


  • IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Ultra Petroleum Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Ultra Petroleum Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the FirmLOS ANGELES, CA / ACCESSWIRE / September 23, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Ultra Petroleum Corp.


  • Arthur Ochs Sulzberger Jr. Is Retiring as NYT Chairman

    Arthur Ochs Sulzberger Jr. Is Retiring as NYT ChairmanHe will be succeeded by his son and The Times publisher since 2018, A.G. Sulzberger.


  • Sneaker culture staple GOAT hits $1.75 billion valuation on new $100 million round

    Sneaker culture staple GOAT hits $1.75 billion valuation on new $100 million roundGOAT, the proprietor of online and physical retail locations for reselling the collectible kicks and kits that are the currency of street cred and cultural cool among the youths, is now worth a whopping $1.75 billion thanks to $100 million in new financing. "Our mission is to bring the world's great products together from the past, present and future, while providing a premier end-to-end customer experience with a point of view on culture and style," said co-founder and chief executive Eddy Lu, in a statement.


  • U.S. Cases Rise 0.6%; France Imposes New Limits: Virus Update

    U.S. Cases Rise 0.6%; France Imposes New Limits: Virus Update(Bloomberg) -- New York City Mayor Bill de Blasio said a recent uptick of Covid-19 cases in neighborhoods of south Brooklyn requires “urgent action.” Missouri’s governor said he has tested positive for the virus.France imposed new restrictions on bars and public gatherings in several cities as it tries to tamp down a resurgence of the virus. The U.K.’s Chancellor of the Exchequer canceled his planned fall budget and prepared to set out a fresh round of job-support measures, a day after Prime Minister Boris Johnson urged Britons to work from home to curb an outbreak.Johnson & Johnson has begun dosing as many as 60,000 volunteers in a study of its Covid-19 vaccine, the first big U.S. trial of an inoculation that may work after just one shot.Key Developments:Global Tracker: Cases top 31.7 million; deaths exceed 973,000Airlines face desolate future as attempts to reopen crumbleTrump redirects testing, mask funds to boost vaccine effortCovid ski victims sue Austrian government for “chaotic” responseLetting guard down hammers support for former EU virus standoutHow do people catch Covid-19? Here’s what experts say: QuickTakeSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click CVID on the terminal for global data on coronavirus cases and deaths.Texas Deaths Top 15,000 (5:33 p.m. NY)Texas deaths from Covid-19 rose by 135 Wednesday, pushing fatalities past 15,000 to 15,129, according to state health data. The Lone Star state is running close to California, with about 15,200 confirmed deaths, for the third-most in the U.S., after New York and New Jersey.Texas reported 3,045 more cases of the virus, bringing the total to 719,252 confirmed cases. Hospitalizations resumed their decline -- interrupted by two days of increases this week -- falling by 12 to 3,195.U.K. Weighs Exposing Healthy People for Vaccine (5:29 p.m. NY)The U.K. government is considering carrying out studies that would deliberately expose healthy people to the coronavirus in a bid to accelerate the development of a vaccine.The idea of challenge trials has gained momentum as the pathogen has spread around the world, sparking a debate over what kind of sacrifice is acceptable and the benefits the tests could bring. A growing number of volunteers have signed up to take part in such studies should researchers decide to proceed.“We are working with partners to understand how we might collaborate on the potential development of a Covid-19 vaccine through human-challenge studies,” a government representative said Wednesday in an email. “These discussions are part of our work to research ways of treating, limiting and hopefully preventing the virus so we can end the pandemic sooner.”Missouri Governor, Wife Test Positive (5:07 p.m. NY)Missouri Governor Mike Parson, who has resisted calls for a mask mandate in his state, said he and his wife have tested positive for Covid-19 and are in quarantine.Teresa Parson was tested today after she started showing symptoms, the Republican governor said in a video posted on Twitter. He has no symptoms but tested positive in a preliminary result that is awaiting confirmation. They both are “fine,” he said.France Cracks Down on Gatherings, Bars (4:30 p.m. NY)France introduced new steps to fight the rapid resurgence of the coronavirus, including closing bars earlier in the evening and limiting public gatherings in Paris and several other cities. But the government isn’t considering a new nationwide lockdown.The latest steps will force bars in the Paris region and other cities to close at 10 p.m. at latest, starting Monday, while gyms will be shut for at least two weeks. The government also reduced crowd-size limits for public events and added new restrictions on private gatherings beginning on Saturday.“If we don’t take measures rapidly, we risk being in a critical situation in some regions in a few weeks,” Health Minister Olivier Veran said at a press conference in Paris.U.S. Cases Rise 0.6% (4 p.m. NY)Coronavirus cases in the U.S. increased 0.6% as compared with the same time Tuesday to 6.91 million, according to data collected by Johns Hopkins University and Bloomberg News. The increase matched the average daily gain over the past week. Deaths rose by 0.5% to 201,319.Florida reported 690,499 cases, up 0.4% from a day earlier, in line with the average increase in the previous seven days. Deaths reached 13,618, an increase of 1.5%.California reported 3,146 new virus cases, a 0.4% increase and slightly less than the 14-day average of 3,425. Deaths jumped by 133 -- above the daily average of 97 -- to a total of 15,204.North Dakota experienced a 2.6% increase in the number of cases from the same time yesterday, bringing the total to 18,981, according to the data from Johns Hopkins and Bloomberg News.Ireland Outbreak Worsening (1:05 p.m. NY)The number of new coronavirus cases in Ireland will double every 12 to 14 days at the current rate, the nation’s health ministry said. Ireland reported 234 more cases on Wednesday, with two deaths.“We are unfortunately seeing continuing increases in all metrics of the disease,” Health Ministry advisor Philip Nolan told reporters in Dublin, adding it was too early to see the impact of new restrictions imposed on the country last week.Colorado Governor Announces Furloughs (1 p.m. NY)Colorado Governor Jared Polis said he is implementing mandatory furlough days for all state employees – himself included – saving between $7 million to $8 million. The move affects about 23,600 workers.Metropolitan Opera to Cancel Season (12:09 p.m. NY)The Metropolitan Opera in New York City will cancel the entire 2020-2021 season based on the advice of health officials, according to a statement posted on its website.U.K.’s Sunak Cancels Fall Budget on Covid (11:24 a.m. NY)Chancellor of the Exchequer Rishi Sunak canceled his planned fall budget and prepared to set out a fresh round of job-support measures as the coronavirus pandemic worsens.Sunak will announce his blueprint to protect jobs from the economic fallout from Covid-19 in a statement to the U.K. Parliament on Thursday, days after Prime Minister Boris Johnson imposed new restrictions on the British public to bring the resurgent virus outbreak under control.De Blasio Says Brooklyn Clusters Need Action (10:33 a.m. NY)New York City is investigating big increases in several south Brooklyn communities with large Orthodox Jewish populations. De Blasio said the clusters demand action, including stepped-up testing, education and enforcement.Since the first week of August, the city has seen a 4.71% increase in Midwood, Borough Park and Bensonhurst; 3.69% in Edgemere-Far Rockaway; 2.24% in Kew Gardens and 2% in Williamsburg.The four areas make up 20% of all cases reported citywide as of Sept. 19, according to the city health department. Across New York City, fewer than 1% of residents tested positive on Sept. 21.Banks Lead U.K. Office-Return Reversal (10:15 a.m. NY)Banks were in the vanguard of a government-led push to return staff to offices in the U.K. They’re now among the most prominent companies reversing or halting those policies after Johnson urged Britons to work from home to contain the coronavirus.Firms like Goldman Sachs Group Inc. and Citigroup Inc. had made concerted efforts to boost London office attendance in recent weeks. They found themselves issuing fresh guidance Tuesday after the government backtracked on its own calls to help revive financial and shopping districts where workers were trickling back.Netherlands Surpasses 100,000 Cases (8:50 a.m. NY)The Netherlands reported a record 2,357 new cases, taking the total to 100,597, Dutch news agency ANP said, citing figures from health agency RIVM. Hospital admissions increased by 32 between Tuesday morning and Wednesday morning, and there were five deaths, the report said.In neighboring Belgium, Prime Minister Sophie Wilmes said every person should limit close physical contacts outside his or her household to a maximum of five each month. She also announced a relaxation of mask-wearing obligations outside as of Oct. 1, and shortened the quarantine period for those exposed to the virus to seven days from 14.German Minister in Quarantine (8:31 a.m. NY)German Foreign Minister Heiko Maas went into quarantine after a member of his security detail was found to be infected with the coronavirus, a spokeswoman said in a statement. An initial test on Chancellor Angela Merkel’s top diplomat came out negative. The ministry is working with public health authorities on contact tracing to determine who else may be affected, she said.Sunak Weighs Program to Replace U.K. Furlough (8:07 a.m. NY)U.K. Chancellor of the Exchequer Rishi Sunak is studying proposals for a German-style program of subsidizing workers to stave off a wave of unemployment when his current wage support measures end next month, people familiar with the matter said.The chancellor is facing urgent calls to come up with a blueprint to support jobs and businesses after the government imposed new restrictions on the public. The Treasury declined to comment on the specific proposals but an official emphasized that Sunak has promised to “act in creative and effective ways” to support jobs.Scotland Cases Rise by Record (7:42 a.m NY)Scotland recorded 486 new cases, the biggest daily tally since the outbreak began, First Minister Nicola Sturgeon told reporters in Edinburgh. The government unveiled restrictions Tuesday to halt a resurgence of the virus. The rules went further than Boris Johnson’s and included a nationwide ban on people visiting each other’s homes.China Eases Entry Rules for Foreigners (6:56 a.m. NY)Almost six months after it nearly sealed its borders to limit the spread of the coronavirus, China is easing entry restrictions for some foreigners.Foreigners holding residence permits for work, personal matters and reunions will be allowed to enter China starting Sept. 28, the Chinese Ministry of Foreign Affairs said in a statement on its website Wednesday. Those whose permits expired can apply for relevant new visas.Johnson & Johnson Begins Trial (6:45 a.m. NY)Johnson & Johnson has begun dosing as many as 60,000 volunteers in a giant study of its vaccine. If enrollment goes as expected, the testing could yield results as soon as year-end, allowing the company to seek emergency authorization in early 2021, should it prove effective, Johnson & Johnson Chief Scientific Officer Paul Stoffels said Tuesday.J&J is the fourth vaccine maker to move its candidate into late-stage human studies in the U.S.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


  • US justice chief blasts 'militant secularists'

    US justice chief blasts 'militant secularists'US Attorney General Bill Barr lashed out at "militant secularists" at a Catholic gathering Wednesday, saying they sought to drive religion out of public life in the United States.


  • Knock several seconds off your Mario Kart 8 Deluxe runs with these shortcuts

    Knock several seconds off your Mario Kart 8 Deluxe runs with these shortcutsIn this guide, we'll list all the Mario Kart 8 Deluxe shortcuts across each of the 48 tracks in the game.


  • Broadridge to Participate in Morningstar Investor Conference

    Broadridge to Participate in Morningstar Investor ConferenceBroadridge Financial Solutions, Inc. (NYSE: BR) announced that Edings Thibault, Senior Vice President of Finance and Investor Relations, will speak at the virtual Morningstar Management Behind the Moat Conference on September 29, 2020 at 3:00 PM EST. A link to the live webcast of the presentation will be available on the Company's Investor Relations home page at www.broadridge-ir.com.


  • California's governor, Gavin Newsom, wants to ban gas cars by 2035. What does that mean for drivers?

    California's governor, Gavin Newsom, wants to ban gas cars by 2035. What does that mean for drivers?California Gov. Gavin Newsom signed an executive order calling on agencies to build a plan to phase out sales of all new gas-powered cars by 2035.


  • Qualtrics Announces Delighted AI, a Machine Learning Engine to Automate Every Step of the Customer Feedback Process

    Qualtrics Announces Delighted AI, a Machine Learning Engine to Automate Every Step of the Customer Feedback ProcessQualtrics, the leader in customer experience and creator of the experience management category, today announced Delighted AI, an artificial intelligence and machine learning engine built directly into Delighted's customer experience platform. Delighted, a Qualtrics company, developed its AI technology to intelligently automate every aspect of the customer feedback process, from scheduling to analysis and reporting, so that companies can focus on closing feedback loops faster than ever. Delighted AI is complementary to Qualtrics' existing Text iQ™ enterprise technology for CustomerXM™, optimized for Delighted customers.


  • Asia Stocks to Decline; Dollar Extends Advance: Markets Wrap

    Asia Stocks to Decline; Dollar Extends Advance: Markets Wrap(Bloomberg) -- Asian stocks were on course for declines after warnings from Federal Reserve officials on the need for more stimulus to lift the world’s largest economy from a coronavirus-induced recession pushed U.S. equities to an eight-week low. The dollar extended this week’s gains.Futures in Japan and Hong Kong retreated. The S&P 500 is now down almost 10% from its recent high and fell another 2.4% Wednesday. Fed Chairman Jerome Powell reiterated there’s a long way to go for the economic rebound, which will likely require more support. The need for further aid was also stressed by other Fed officials. Treasuries were little changed.The caution comes as virus cases tick higher in the U.S. amid a resurgence in infections in some other parts of the world. Traders are losing faith in the strength of the economic recovery, with the chances for Congressional stimulus withering ahead of a contentious election battle. Global equities are on course for the first monthly slide since March.“Markets are digesting and grappling with this idea that the growth expectations that investors have might not materialize,” said Lauren Goodwin, economist and multi-asset portfolio strategist at New York Life Investments. “As the fiscal impulse in the U.S. starts to wane, some of these expectations for a slow and steady recovery are shaken.”Elsewhere, crude oil was little changed and gold retreated. In China, traders will be closely watching the daily currency fixing later Thursday.These are some events to watch this week:Powell and Treasury Secretary Steven Mnuchin will testify before a Senate committee on the economic response to the pandemic on Thursday.U.S. initial jobless claims are due Thursday.Here are some of the main moves in markets:StocksThe S&P 500 declined 2.4% on Wednesday.Futures on Japan’s Nikkei 225 dropped 0.5%.Hang Seng Index futures earlier slid 0.9%.Futures on Australia’s S&P/ASX 200 Index fell 0.9%.CurrenciesThe Bloomberg Dollar Spot Index jumped 0.7%.The euro bought $1.1661.The yen was at 105.34 per dollar.The offshore yuan was at 6.8254 per dollar.BondsThe yield on 10-year Treasuries was at 0.67%.CommoditiesWest Texas Intermediate crude fell to $39.59 a barrel.Gold traded at $1,863.45 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


  • Coronavirus updates: Missouri governor, wife test positive; Fauci, Sen. Rand Paul spar over pandemic response; J&J begins late-stage trial

    Coronavirus updates: Missouri governor, wife test positive; Fauci, Sen. Rand Paul spar over pandemic response;  J&J begins late-stage trialJohnson & Johnson begins final stage of its COVID-19 vaccine candidate trial. Health experts tell Senate panel safety is paramount. Latest COVID news.


  • Exclusive: Top adviser steps aside from FDA COVID-19 vaccine reviews over potential conflict

    Exclusive: Top adviser steps aside from FDA COVID-19 vaccine reviews over potential conflictHana El Sahly, associate professor of virology and microbiology at Baylor College of Medicine in Houston, last year became chairwoman of the FDA's Vaccines and Related Biological Products Advisory Committee - the panel of outside experts that will make recommendations on whether coronavirus vaccines should be approved. In July, however, El Sahly was named one of three lead investigators for Moderna's late-stage COVID-19 vaccine trial, creating a potential conflict of interest. Moderna has said it could have enough data to show whether its vaccine is safe and effective as soon as November.


  • IMPORTANT NOTICE FROM FIRM THAT FILED LAWSUIT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against LexinFintech Holdings Ltd. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    IMPORTANT NOTICE FROM FIRM THAT FILED LAWSUIT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against LexinFintech Holdings Ltd. and Encourages Investors with Losses in Excess of $100,000 to Contact the FirmLOS ANGELES, CA / ACCESSWIRE / September 23, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against LexinFintech Holdings Ltd.


  • SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Nano-X Imaging Ltd. and Encourages Investors with Losses of $100,000 to Contact the Firm

    SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Nano-X Imaging Ltd. and Encourages Investors with Losses of $100,000 to Contact the FirmLOS ANGELES, CA / ACCESSWIRE / September 23, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Nano-X Imaging Ltd.


  • DEADLINE ALERT FROM THE FIRM THAT ACTUALLY FILED THE CASE: The Schall Law Firm Files Class Action Suit Against Coty Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    DEADLINE ALERT FROM THE FIRM THAT ACTUALLY FILED THE CASE: The Schall Law Firm Files Class Action Suit Against Coty Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the FirmLOS ANGELES, CA / ACCESSWIRE / September 23, 2020 /The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Coty Inc.


  • SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Las Vegas Sands Corp. and Encourages Investors with Losses of $100,000 to Contact the Firm

    SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Las Vegas Sands Corp. and Encourages Investors with Losses of $100,000 to Contact the FirmLOS ANGELES, CA / ACCESSWIRE / September 23, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Las Vegas Sands Corp.


  • IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against GoHealth, Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

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  • Vox Royalty Corp. Announces Investor Awareness Initiatives

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  • Brewery Lodges Complaint Against County of Los Angeles Alleging Restrictions on Reopening Violate the 14th Amendment

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  • Commitment to universal pharmacare in Throne Speech worthy of standing ovation

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  • Tesla's Nevada lithium plan faces stark obstacles on path to production

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