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Market News

Location American Market News for 6 October 2020

RBI's Positive Pay acts like insurance for cheques

livemint.com - 6 Oct 2020 13:25
Under Positive Pay, after an account holder issues a cheque to anyone, he or she will share the cheque details with the bank. Before making payment against the cheque, banks will match the details available on the cheque...
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Gold Back Above $1,900. What Could Send It Higher? The yellow metal has had an incredible run. It rose for the eighth straight quarter at the end of September, increasing around 6 percent.
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Spain Becomes Europe's Weak Link

Wall Street Journal - 6 Oct 2020 15:02
Once a rising star of the European economy, Spain is on a path to becoming its problem child--and the latest example of why global investors should tread carefully around Southern European stocks.
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Sugar Touches Seven-Month High

Wall Street Journal - 6 Oct 2020 18:05
Sugar prices hit their highest level since early March on Tuesday, lifted by supply disruptions. But a new wave of lockdowns and elevated production from heavyweight Brazil threaten to dull the sugar high.
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The pandemic is putting a nail in the coffin of the most vulnerable municipal money funds, taking away tax-free investment options from some mom-and-pop investors.
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Trump Torpedoes Stimulus Negotiations And These Six Benefits Are Off The Table (For Now) President Trump just blew off a second round of $1,200 stimulus checks, enhanced unemployment checks, additional PPP funding, state and local aid and more.
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Consumer Confidence Down, But Poised For Rebound: Recovery Requires Reopening Without Stimulus Consumer confidence fell to a new low at the start of September. However, the latest data suggests a surge since Monday. This will lead to greater consumer spending and could pave the way for a return to economic vibranc...
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The bank, long under pressure from climate activists, says lowering emissions can help a company attract capital and stay relevant.
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Corn And Soybean Prices Are Often Lowest During The October Harvest It's harvest time in the Northern Hemisphere for two of the largest producers of corn and soybeans on earth, the United States and China.
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Facebook's Status: The Easiest Target

Wall Street Journal - 6 Oct 2020 20:26
Social network prepares to fight breakup effort, where it may be most vulnerable.
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Software Stock Has Room To Run

Forbes - 6 Oct 2020 20:16
Software Stock Has Room To Run More specifically, the stock's recent peak comes amid historically low implied volatility (IV), which has been a bullish combination for the equity in the past.
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Slowing Job Growth Makes The Case For Further Stimulus Will slowing unemployment growth provide the momentum to get another stimulus deal over the line?
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The rules aim to protect small-time investors from large price swings in assets whose value is linked to cryptocurrencies such as bitcoin, ether or ripple.
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3 Ways To Invest In The Future Of Air Conditioning Carrier, Trane and Johnson Controls are poised to tap growth in demand for air conditioning.
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The Most Dangerous Stocks For Fiduciaries

Forbes - 6 Oct 2020 15:04
The Most Dangerous Stocks For Fiduciaries Fiduciaries should consider how much risk they take by owning these stocks anywhere close to current levels.
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Top Stocks To Short Today As Dow Rises For Second Day In A Row After yesterday's furious rally due to President Trump's positive health prognosis, the Dow Jones continued with mild gains of 35 points, or .12%. Both the S&P and NasdaqNDAQ were relatively flat, up .03% and down .1% re...
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Bristol-Myers Squibb Cuts Its Cancer Risk

Wall Street Journal - 6 Oct 2020 18:28
The pharmaceutical company is making a $13 billion roll of the dice, but it has chosen its target wisely.
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Powell Urges More Stimulus From Congress, Citing 'Strong But Incomplete' Recovery The Federal Reserve Chairman said the risks of "overdoing it" on economic support are low, but too little support from fiscal policy makers would cause "unnecessary hardship."
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Cash Dividend On The Way From Verizon Communications On 10/8/20, Verizon Communications will trade ex-dividend, for its quarterly dividend of $0.6275, payable on 11/2/20.
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Companies Give Up Cash Cushions to Buy Back Debt

Wall Street Journal - 6 Oct 2020 16:25
Companies in the U.S. and Europe are buying back bonds to reduce the cash piles they built up earlier this year, signaling expectations for more stable economic times ahead.
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CME Group Receives Attractive Rating For October CME Group hasn't had a stellar year - in fact, they've underperformed the S&P 500 since the start. Though the market can't seem to make up its mind on CME, the company appears to be in overall good shape. What does this ...
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Pickup Drivers Get Free Ride From The Sun

Forbes - 6 Oct 2020 16:00
Pickup Drivers Get Free Ride From The Sun With at least eight U.S. companies, including Tesla, Nikola and Lordstown Motors, rushing to develop and bring to market electric pickup trucks, one Canadian accessories maker hopes to make hay - and free electricity - w...
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