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Market News

Location American Market News for 1 October 2020
Volkswagen Sold Nearly Twice As Many ID.3s In Norway In September As Tesla Sold Model 3s That fact was confirmed when Elon Musk and VW Group CEO Herbert Diess "went for a spin" in an early ID.3 model at VW's facility in Braunschweig four weeks ago.
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Mortgage Lender Caliber Home Loans Prepares for an IPO

Wall Street Journal - 1 Oct 2020 21:49
Caliber Home Loans is preparing for an initial public offering that could value the company, one of the largest U.S. mortgage lenders, at more than $2 billion.
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Bed Bath & Beyond's Rebound Looks Too Springy

Wall Street Journal - 1 Oct 2020 18:54
The retailer's share price surged 30% Thursday morning, but the company's latest earnings were merely respectable.
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BitMEX Co-Founders Charged With U.S. Rules Violations

Wall Street Journal - 1 Oct 2020 21:16
Four executives of one of the world's largest exchanges for trading cryptocurrency derivatives have been charged with violating U.S. anti-money-laundering rules as authorities ramp up enforcement efforts.
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How To Buy Stocks For 15% Less And Cash Flow 7.4% Yields Mom never liked paying the sticker price. If there was a coupon somewhere to be found, she'd find it.
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Should I Refinance Student Loans Now?

Forbes - 1 Oct 2020 17:16
Should I Refinance Student Loans Now? Student loan refinancing could save you significant money. Find out if it's right for you.
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Still No Deal On Second Stimulus As Early Optimism Wanes The chances of an agreement before the election on the next round of federal coronavirus aid appeared to dwindle on Thursday afternoon.
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The Jury Is Still Out on Tech Firms Going Direct

Wall Street Journal - 1 Oct 2020 20:40
Palantir and Asana had the optics of successful debuts, but the results are hardly conclusive.
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Stocks To Trade In October

Forbes - 1 Oct 2020 20:12
Stocks To Trade In October Here are the favored buys and sells in the DJIA in the month of October.
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USDA Adjusts Corn Inventories Downward; Says Corn Demand Near Record Last Quarter Surprise readjustment puts September 1 corn inventories down more than ten percent versus 2019 with June through August three month "disappearance" at a record 3.02 billion bushels.
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Bed Bath & Beyond on Thursday reported its first same-store sales increase in nearly four years, as its online business surged more than 80% during the quarter.
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Americans Will Treat Themselves This Halloween

Wall Street Journal - 1 Oct 2020 17:57
Amid the coronavirus pandemic, the annual custom of trick-or-treating will hold less appeal than usual come Halloweeen. But that won't stop Americans from consuming candy with abandon.
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PepsiCo, Conagra Still Riding Pandemic Food Wave

Wall Street Journal - 1 Oct 2020 17:53
Food companies keep benefiting as Americans are using their kitchens more than ever. But health considerations still matter to sales.
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Tokyo Stock Exchange Sets Restart After Daylong Shutdown

Wall Street Journal - 1 Oct 2020 16:47
The Tokyo Stock Exchange said it would resume normal trading Friday after an unprecedented all-day shutdown Thursday that executives blamed on a malfunctioning computer part.
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Brazil's Job Market Comes Roaring Back; Bolsonaro's Job Approval Up Brazil's job market posted its biggest gains in 9 years in August, adding to a growing number of people who support president Jair Bolsonaro.
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Washington Watch: Fiscal Stimulus Hopes Lift Market Amid Threats Of More Layoffs The market is sensing that a fiscal stimulus package might be close. While skepticism remains, the layoff headlines this week seem to be putting pressure on Washington. Sectors that could benefit from fiscal stimulus inc...
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Zoom, Slack, Docusign: Will Flu Season Help Work From Home Stocks? The Coronavirus has forced people to increasingly work and learn from home, causing surging demand for connectivity, collaboration, and cybersecurity-related software. Our indicative theme on Work And Learn From Home Sto...
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2 Reasons You Should Avoid Palantir Stock

Forbes - 1 Oct 2020 15:28
2 Reasons You Should Avoid Palantir Stock Though Palantir is growing. it spends more on selling and overhead than its revenue and its governance structure is not friendly to shareholders
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Can Nio Stock Profit From Nikola's Troubles? Shares of Chinese premium electric vehicle company Nio jumped by over 15% over the last two trading days, driven partly by a positive report from Deutsche Bank, which raised revenue and earnings forecasts and expressed o...
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5 Consequences Of US Debt At $50 Trillion

Forbes - 1 Oct 2020 15:00
5 Consequences Of US Debt At $50 Trillion With the US set to breach the $50 trillion mark in debt by 2030, here are five things we should start thinking about sooner rather than later.
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Jobless Claims Hold Steady As Recovery Stalls Another 837,000 people filed for unemployment last week.
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Oil's Recovery Set to Drag On Beyond Next Year

Wall Street Journal - 1 Oct 2020 14:38
Crude prices late next year will remain well short of the level they hit in the weeks before coronavirus-induced travel restrictions and lockdowns began to weigh on prices, investment banks say.
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