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Market News

Location American Market News for 8 October 2020

Stashing Cash In a Low-Interest World

Wall Street Journal - 8 Oct 2020 11:30
Many Americans are saving more than ever, but low interest rates raise the question: Where is the best place to store cash?
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Top Stocks To Buy Today Amid Renewed Stimulus Optimism Markets wrestled between disappointing jobless data and renewed stimulus hopes. Judging from how they opened the day, it's pretty clear that investors care more about stimulus talks than a slowing job market recovery. Us...
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A long list of challenges confronted Wells Fargo Chief Executive Charles Scharf when he was brought in to restore the bank's tarnished reputation. In the year since, his problems have only multiplied.
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Prediction Markets Now Factor In 65% Chance Of Biden Victory. Here's What That Means For Stocks And The Economy A blue wave might cripple big pharma, but it could be a boon for clean-energy stocks.
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Proposal: Forgive $25,000 Of Student Loans

Forbes - 8 Oct 2020 23:57
Proposal: Forgive $25,000 Of Student Loans Will student loans be cancelled?
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Citadel Securities to Buy NYSE Market-Making Unit of IMC

Wall Street Journal - 8 Oct 2020 23:19
The electronic trading giant will bolster its already huge presence at the New York Stock Exchange by buying the NYSE market-making business of smaller rival IMC Financial Markets, the companies said.
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Morgan Stanley Finds Money in the Cushion

Wall Street Journal - 8 Oct 2020 22:58
Developments in Washington left Morgan Stanley with a sizable capital cushion. Using that capacity to buy Eaton Vance, even fully priced, is better than many alternatives.
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Are You A Business Leader? Americans Believe You Have A Role To Play In Safeguarding Democracy. Americans are quite clear - they're looking to business leaders to be part of the solution in protecting and upholding our democracy. The time to act is now.
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Fed Hangover Makes Stock Market Escape Velocity A Herculean Task Investors are currently hyper-focused on the prospect of another round of stimulus. Rightly so; the economy is a leaking ship and a few of the big holes should be fairly easy to temporarily plug.
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On Fracking, Senator Harris Wants To Have It Both Ways Kamala Harris's statement on fracking may seem problematic, but as a politician, it was the best she could do in the moment.
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Debt Is Going Up But Leaving GDP Behind

Forbes - 8 Oct 2020 20:00
Debt Is Going Up But Leaving GDP Behind We have plenty of evidence that US debt will balloon to $50 trillion by 2030, maybe more.
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SoftBank-Backed Greensill Looks to Raise Fresh Capital

Wall Street Journal - 8 Oct 2020 19:35
The supply-chain finance company said demand is booming for its financing tools during the pandemic, but it is also facing client defaults, regulatory scrutiny and loosening ties from partner firms.
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Saudis Consider Canceling OPEC Plans to Boost Output

Wall Street Journal - 8 Oct 2020 18:47
The debate inside Saudi Arabia comes amid weaker-than-expected oil demand, as Covid-19 cases in many parts of the world rise and the expected return of Libyan crude threatens to swell global supplies.
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1 In 5 Americans Say They'll Be Out Of Cash In 3 Weeks Are you one of the millions of Americans who may be out of cash in three weeks?
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Billionaire-Founded Square Invests $50 Million In Bitcoin, Pushing Shares To All-Time High The payments fintech called bitcoin "an instrument of global economic empowerment."
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Pelosi Says No Standalone Stimulus Bills--Including Airline Aid--Without Comprehensive Deal This week, the president has veered wildly in his statements about the status of coronavirus aid negotiations.
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Top Stocks To Short Today With Markets Set To Rally Again Despite jobless claims that disappointed, markets are set to rally for a 3rd time in 4 days amid renewed optimism on an economic stimulus. However, concerns still remain about a second COVID wave and a slowing economic r...
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International Business Machines Crosses Above Key Moving Average Level In trading on Thursday, shares of International Business Machines crossed above their 200 day moving average of $125.77, changing hands as high as $135.50 per share.
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WHY IS THE MARKET SO STRONG & ECONOMY SO WEAK Part of our job at Equitas is to research many areas of the market and the economy, analyze the current environment, and to search for the investment opportunities.
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The Recovery Is In Need Of Some Rescue

Forbes - 8 Oct 2020 17:10
The Recovery Is In Need Of Some Rescue Recovery is coming because the economy has found a new equilibrium. That's what we are told. Except, that's not what the data says.
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Will This Bubble Go K-Pop?

Wall Street Journal - 8 Oct 2020 16:36
Big Hit Entertainment, the music label that represents the Korean boy band BTS, was expected by some to see record demand from individual investors in its IPO, but demand failed to match that for game developer Kakao Gam...
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You Need To Replace The Lame 60/40 Portfolio With These 8% Yields The "60/40 retirement portfolio" is the financial world's parody on having pizza for every meal.
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