In the first week of September, the markets saw a sudden drop from peak values. That fall was most pronounced in the NASDAQ index, which dropped from 1,200 points – some 10% – in just 5 trading sessions. Since then, however, the situation has stabilized. Stocks have bounced up and down, but the NASDAQ has
Month: September 2020
Check out the companies making headlines in midday trading. Datadog — Shares of Datadog popped more than 11% after the cloud security platform announced a new strategic partnership with Microsoft’s cloud computing service Azure. Datadog will now be available in the Azure console as a first-class service, the company said. Nikola — Nikola soared 11% after
Director of National Intelligence John Ratcliffe has transmitted evidence to the Senate Judiciary Committee showing notes written by CIA Director John Brennan that Hillary Clinton campaign advisors created a “proposal to vilify Trump by stirring up scandal claiming interference by Russian security services” on July 26th of 2016. [pdf link] This appears to be the explosive evidence
The technology sector is comprised of businesses that sell goods and services in electronics, software, computers, artificial intelligence, and other industries related to information technology (IT). The sector includes companies with the largest market capitalizations in the world such as Apple Inc. (AAPL), Microsoft Corp. (MSFT), and Amazon.com Inc. (AMZN). Tech stocks, as represented by
Barry Sternlicht, Starwood Capital Group Chairman and CEO, speaking during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC Starwood’s Barry Sternlicht expects high flying technology stocks to fall from their heights if Former Vice President Joe Biden wins the 2020 election and Democrats take control of both chambers of Congress. ”Maybe long term, two,
Asana, the business software company led by Facebook co-founder Dustin Moskovitz, was valued at nearly $4.5bn after making its debut on the US stock market. Shares in the company opened at $27 and traded up to $29 in one of two hotly-anticipated direct listings on the New York Stock Exchange due on Wednesday. Palantir, the
Ethical concerns are chucked at the checkout. Campaigners have long complained about the “intention-action gap” — the difference between what consumers say they care about (sustainability) and what they do (nothing). Sometimes the action is there: Nike suffered from the sweatshop allegations of the 1990s. But more often than not, consumers shrug. Wednesday’s half-year results
RBC notched three wirehouse advisor hires, concluding a strong September for the firm’s recruiting team, according to the company. The regional broker-dealer has been an aggressive courter of advisor talent this year, luring over a number of hires with promises of better tech and a more advisor-friendly culture. In early September, RBC announced one of
Bitcoin price is showing weakness after another sharp rejection from the $11,000 resistance level. As Bitcoin (BTC) enters the fourth quarter, the sentiment around the market remains generally cautious and neutral. Bitcoin might face a larger pullback in the fourth quarter due to several key factors. Throughout the past three years, every September monthly candle
The Continuum in Miami has a sanitizing butler for their beachfront ESPR Mudrooms are out. Instead the real estate world is giving a hearty welcome to disinfection rooms—the same physical space that mudrooms took up in a house, but now they’re being rebranded as a place for homeowners or their guests to take steps to
A Canadian flag flies amid the Toronto skyline Roberto Machado Noa | Getty Images Despite a global recession brought on by the coronavirus pandemic, home values in major markets around the world continue to rise, with some at risk of overheating. Of 25 major cities analyzed, more than half are either at risk of a
The Gibraltar Stock Exchange said Tuesday that it listed a new bitcoin fund belonging to 3iQ Corp, a Canadian investment fund manager that focuses on new technologies and crypto assets. The announcement follows GSX Group’s recent launch of what it calls the Grid, “a venue to create and deploy debt securities, funds, and equities as
HUD could improve the HECM Reverse Mortgage Program with a few simple rule changes getty This article proposes changes in HUD policies that would support an enhanced HECM that is part of an integrated retirement plan. Such integration will generate the following benefits: Larger payments to borrowers that can increase annually and last until death.
Market participants overwhelmingly think the Municipal Securities Rulemaking Board landed on the right person to lead the organization after a lengthy process. Kim, MSRB’s chief operating officer, was announced Tuesday as the new CEO starting on Oct. 1. After a year-long process, the board went with an internal candidate. After Former CEO Lynnette Kelly left
Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) Gold is back below $1,900 an ounce and near daily lows after the U.S. pending home sales beat expectations in August, showing that
The scale, however, of erroneous testing remains unclear… by Franz Walker via Natural News (Natural News) A laboratory in Boston has suspended Wuhan coronavirus (COVID-19) testing after an investigation found nearly 400 false-positive testing results. In early August, the Massachusetts Department of Public Health (MPDH) opened an investigation after it became away of an unusually high positive rate of
Walt Disney is planning to lay off 28,000 workers in its parks, experiences and consumer products segment. The massive job reduction comes as the media and entertainment company is struggling to operate with limited capacity. Shares of Disney are down 2.4% in Wednesday’s pre-market trading. Josh D’Amaro, Disney’s (DIS) head of parks, said that out
Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney is cutting 28,000 jobs in its theme parks division, as the coronavirus impacts park visits and as the company’s flagship Disneyland resort remains closed for the foreseeable future due to restrictions imposed by California. Palantir (PLTR) – Palantir
by John Mauldin All debt shares one common characteristic. A bill comes due at some point and, if the borrower doesn’t pay, the lender either loses their money or finds someone else to pay. I’ve warned for several years now that our growing global debt load is unpayable. We will eventually “reorganize” it in what
Mergers vs. Acquisitions: An Overview Mergers and acquisitions are two of the most misunderstood words in the business world. Both terms often refer to the joining of two companies, but there are key differences involved in when to use them. A merger occurs when two separate entities combine forces to create a new, joint organization.
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs CEO David Solomon restructured several of his businesses and named new heads for the bank’s asset management and consumer and wealth management divisions. The moves announced
Some 60 years have passed since the first televised debate between the two main candidates for the White House. Some of the sequels have been quotable, others soporific, but none quite as dismaying as the one held in Ohio on Tuesday. Whether President Donald Trump’s interruptions were impulsive or calculated to throw Joe Biden, his
The first US presidential debate of 2020 degenerated into an ugly spectacle on Tuesday night as Donald Trump repeatedly interrupted Joe Biden and the Democratic challenger responded by calling the president a racist and telling him to “shut up”. In a series of acrimonious exchanges, Mr Trump declined to condemn white supremacist groups, suggested he
Goldman Sachs shuffled its business lines and announced a raft of management changes, carving out new divisions aligned with a strategy pivot unveiled earlier this year. The firm is combining asset management and merchant banking as part of its push to raise more client funds for investing instead of betting its own money. The bank
In a pandemic era of unprecedented health data collection and surveillance, Singapore is turning to blockchain technology for the infrastructure that can make it work. Government-owned investment firm SGInnovate and Singaporean startup Accredify have jointly developed a new blockchain-powered digital health passport, according to a report on Sept. 30. Development work on the application, which
Pittsburgh median listing prices were up 23% while listings were down 35.7%. getty The housing market inventory shrinks while prices climb is the ongoing real estate story around the country. Realtor.com recently looked at the numbers on listings, sales prices, and Days on Market. According to realtor.com. “nearly 400,000 fewer homes have been listed compared
Switzerland. September 30, 2020. Dock is pleased to announce the launch of its much-anticipated blockchain mainnet. The mainnet is the culmination of years of collaboration, hard work, and testing that brings to the market a bespoke credential issuing and verification platform. Dock seeks to solve the most difficult issues that face the credential industry today.
WASHINGTON, DC – SEPTEMBER 24: Speaker of the House Nancy Pelosi (D-CA) holds a weekly press … [+] conference at the Capitol on September 24, 2020 in Washington, DC. Pelosi paid tribute to Supreme Court Justice Ruth Bader Ginsburg saying the late justice will be the first woman as well as the first Jewish person
New Jersey’s $32.7 billion budget for its shortened nine-month 2021 fiscal year includes the state’s largest reserve levels in more than a decade as a backstop for revenue hits that may result from a possible second wave of coronavirus. The approved spending plan, which Gov. Phil Murphy signed Tuesday afternoon, calls for a $2.5 billion
CLEVELAND (Reuters) – Republican President Donald Trump and Democratic rival Joe Biden battled fiercely over Trump’s leadership on the coronavirus pandemic, the economy and taxes in a fiery first debate on Tuesday marked by Trump’s repeated interruptions. With moderator Chris Wallace trying in vain at times to control the debate, the two White House contenders
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