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Business News

Location American Business News for 30 November 2020
Achieving Solid Results From Soft Leadership Research finds that our "softer" people skills produce dramatic leadership results.
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L.A.'s outdoor dining ban came from the county. Garcetti is still facing heat for it L.A. Mayor Eric Garcetti didn't order the recent county ban on outdoor dining, but he's still facing pressure from restaurant owners who are frustrated with his messaging.
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Nocking Point Creates A Special Rose Wine To Commemorate 2020 Your ideal holiday rose has arrived.
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This Was All Predicted 10 Years Ago

Forbes - 30 Nov 2020 23:00
This Was All Predicted 10 Years Ago This is where we are. The hard times we've long anticipated are here.
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Gold Starting To Look Like A Buy

Forbes - 30 Nov 2020 22:11
Gold Starting To Look Like A Buy The yellow metal has also been under pressure from rising bond yields. The yield on the 10-year Treasury has been on the upswing, and as I've explained a number of times before, this can have a huge impact on the directi...
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Dow Jones Rallied 11.3% And S&P 500 Up 11.9% During November; How Will December Be? S&P 500 Posts Best Monthly Performance Since April.
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Why Did Li Auto And Xpeng Stock Tank On Wednesday? The stock prices of major U.S. listed EV players including Li Auto and Xpeng declined sharply on Wednesday. The sell-off was likely driven by China's top economic planning body's decision to investigate the investments a...
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A 'Great Reset' Is Coming... But Not For Capitalism The World Economic Forum sees the coronavirus pandemic as an opportunity to completely reset capitalism.
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The Great Stock Market Rotation Has Begun

Forbes - 30 Nov 2020 15:53
The Great Stock Market Rotation Has Begun The stock market is going through the greatest rotation since the onset of Covid. Here are 3 strategies to play it--and 10 "recovery stocks" Wall Street is most bullish on.
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MLB Is Launching College Wood-Bat Leagues For Displaced Minor League Clubs Ahead of the announcement that Major League Baseball will be eliminating the affiliation of over 40 minor league teams, the league announced the addition of two college wood-bat leagues that some of the affected clubs wo...
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Congress Faces Tight Deadlines On Government Shutdown, Border Wall Funding, Stimulus, Trump Judges Before Year's End The clock is ticking to pass a federal budget before December 11 and a new coronavirus relief bill before key CARES Act programs expire at the end of the year.
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Oil Prices: Brent And Crude Could Move Massively In The Coming Days Traders know that when there is a disagreement among the Organization of Petroleum Exporting Countries, OPEC members, or the OPEC+ members, which include Russia, this has a massive influence on oil prices.
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Gold Prices: Will They Rise Or Fall?

Forbes - 30 Nov 2020 20:18
Gold Prices: Will They Rise Or Fall? Gold prices are recording their third consecutive week of losses as investors are favouring riskier assets.
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DoorDash said it plans to sell 33 million shares in an initial public offering that could give the food-delivery company a valuation of as much as $32 billion.
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OPEC Defers Decision on Extending Output Curbs

Wall Street Journal - 30 Nov 2020 19:48
OPEC put off its decision about whether to extend oil output cuts until Tuesday, when the cartel plans to meet with Russian-led producers.
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New York Giants Await Word On Daniel Jones' Hamstring Strain The New York Giants are holding their collective breath as they await word regarding the MRI done on quarterback Daniel Jones' right hamstring.
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Guggenheim Investment Fund to Invest $497 Million in Grayscale's GBTC Seeking Bitcoin Exposure Guggenheim’s billion-dollar Marco Opportunities Fund (MOF) may seek indirect exposure to BTC through the investment of 10% of its net asset value into Grayscale’s BTC Trust (GBTC). The investment (when complete) mean...
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China's IPO Problem: Why Can't Shanghai Run A Public Offering? In 2007, PetroChina launched an IPO), and was valued at $1Tn. In the next 20 weeks, the share price fell 52%. The stock never recovered. Today, PetroChina's shares are down almost 90% from the IPO price. Recent IPOs show...
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S&P Global in Advanced Talks to Buy IHS Markit

Wall Street Journal - 30 Nov 2020 02:47
S&P Global is in advanced talks to acquire IHS Markit for about $44 billion, according to people familiar with the matter, a landmark deal that would combine two of the largest providers of data to Wall Street.
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The Return Of Resale Ticketing. Vivid Seats Dances While StubHub Spins. Vivid Seats, the Chicago resale ticket market moves to reinstate payment to suppliers within 15 days after sale.
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UniCredit CEO Jean Pierre Mustier to Leave Bank in April

Wall Street Journal - 30 Nov 2020 22:37
Italian bank UniCredit SpA said late Monday that its chief executive will leave the bank at the end of its mandate.
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What PNC has in mind for BBVA's technology

American Banker - 30 Nov 2020 21:59
BBVA USA was one of the first U.S. banks to deploy a real-time core system and to purchase a neobank. Here's what PNC may keep, and what it may jettison, after it acquires the U.S. unit of the Spanish banking giant.
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