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Market News

Location American Market News for 27 August 2020

For Tesla Stock, All Roads Lead to 420

Wall Street Journal - 27 Aug 2020 15:29
As Tesla prepares a 5-to-1 stock split, its share price hovering near $2,100 suggests an after-split price around $420--a scenario that would make for a large coincidence.
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U.S. Government Bond Yields Fall After Fed Policy Shift

Wall Street Journal - 27 Aug 2020 15:40
Treasury yields fell after the Federal Reserve said it would drop its longstanding practice of pre-emptively lifting interest rates to stave off rising inflation.
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Grab The Casino Opportunity, MGM Could Make You Money MGM Resorts International stock is down nearly 35% this year. And why shouldn't it be? After all, the pandemic had a massive impact, with revenue dropping more than 90% in the quarter ending Jun 30! But now, the company ...
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Chinese Tesla Rival to Raise $1.5 Billion in U.S. IPO

Wall Street Journal - 27 Aug 2020 10:54
Xpeng will raise more than initially planned because of investor demand, selling 99.73 million American depositary shares at an offer price of $15.
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Gap Inc. said Thursday its total sales tumbled 18% during the latest quarter, as e-commerce revenue surged 95% from a year ago, but those gains were offset by a 48% drop in store sales during the coronavirus pandemic.
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Workday will have a dual CEO structure for the first time since one of its co-founders, Dave Duffield, stepped down in 2014.
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How To Be Eligible For Substantial Tax Savings As A Trader TTS traders can deduct business expenses, health insurance, and retirement plan contributions. With a 475 election, they also avoid wash sales and might be eligible for a 20% QBI deduction. Investors cannot get any of th...
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Fasten Your Seat Belts: Markets Could Have A Bumpy Election Season This month seems like a good time to review the historical patterns of previous presidential elections and how investors can use that knowledge to guide them during the current season.
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Why Not Everyone Is Sure That The Stock Market Record Is Good News The S&P 500 reached another record high, but many investors are nervous that this is happening when some economic indicators are so dismal. Focusing on long-term goals can dissipate the unease about short-term uncertaint...
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Dollar Stores Can't Catch a Break

Wall Street Journal - 27 Aug 2020 20:17
Stimulus checks have the potential to whipsaw expectations for many retailers, but perhaps none more so than dollar stores.
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Prize Fight for TikTok Offers Uncertain Reward

Wall Street Journal - 27 Aug 2020 19:37
A sale of the U.S. portion of TikTok appears imminent. But whoever ends up with the prize might rightfully wonder just what they are buying into.
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Pelosi Says Democrats Are 'Not Budging' As Second Stimulus Gridlock Wears On The White House is "just going to have to come up with more money," the House Speaker said.
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Over-exposure to FDs is not good, and you need to assess your asset allocation and goals to decide how much money you should park in them.Here is a list of banks that offer the highest FD rates for deposits up to 1 crore...
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How A Small Biz Called Transformation Is Evolving In Post-COVID America I once heard someone say you've beaten the odds if your small business is still open after five years, profitably or not. If so, then my wife Grace and I did something right.
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In an order issued by the ministry of home affairs in April, it was made mandatory for firms to offer health insurance for all its workers
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Covid-led crisis pushes zillennials into investing

livemint.com - 27 Aug 2020 19:01
Data from investing platforms shows workers aged 20-30 are seeking financial protection
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"As long as you can reduce fixed costs, this shift to digital can be profitable," Abercrombie & Fitch CFO Scott Lipesky said in a phone interview.
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Best Stocks To Buy Today As Fed Speech Drives Markets Higher All major indices are in the green as the investors digested the speech by the Federal Reserve, taken as positive for equities. Tech stocks have also been driving the markets higher, propelling indices to all-time highs....
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Microsoft's Stock May Be Heading For An 11% Drop Microsoft shares have soared in 2020 by nearly 44%, leading someone to hedge against a reversal of fortune.
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Salesforce Rated Top Short After Record One-Day Surge Markets are bullish following the news about new inflation targeting and the assertion that interest rates are going to remain lower for some time. If you're looking to protect your portfolio from volatility, our AI and ...
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Pandemic Continues, But Have The Markets Moved On? The coronavirus crisis continues, but the markets are moving on. Commonwealth CIO Brad McMillan looks at whether this complacency is warranted (or not).
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Fed's Easy Money Pumps Up Winners Like Apple and Housing

Wall Street Journal - 27 Aug 2020 17:18
Lumber and other assets linked to home construction have been big beneficiaries of the Federal Reserve. Helping home-building is one obvious way to help the economy.
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