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Market News

Location American Market News for 15 October 2020

Wells Fargo Fires Employees Who Applied for SBA Pandemic Loans

Wall Street Journal - 15 Oct 2020 01:11
Wells Fargo & Co. fired more than 100 employees for allegedly defrauding a federal pandemic-relief program.
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Nio Stock Popped 26% -- 3 Reasons It's Not Too Late To Buy Stock in high-end EV maker, Nio, popped 26% on Wednesday. With its rapidly growing sales, high product quality, and investments in the future its expensive shares could keep rising
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Colgate-Palmolive Stock A Better Bet Than Kimberly-Clark? The stock price for Colgate-Palmolive (NYSE: CL) is up roughly 13% since the end of 2017. In comparison, Kimberly-Clark (NYSE: KMB) has seen its stock grow by 40% during the same period. The difference in the stock price...
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McConnell Won't Support $1.8 Trillion White House Stimulus Bill--Even If Pelosi And Trump Make A Deal No matter what the president wants, the next coronavirus aid bill isn't going anywhere if Senate Republicans don't buy in.
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Kazakhstan Fintech Firm Kaspi Surprises With Huge London IPO Kaspi.kz debuts in London with a surprise hit after year-long delay.
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Europe's Covid-19 Lockdowns Hit Oil Prices, Stocks

Wall Street Journal - 15 Oct 2020 18:43
New coronavirus lockdown measures in Europe dragged the region's stocks lower Thursday and added to pressure on oil prices, reigniting worries about faltering fuel demand and slowing economic growth.
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Top Stocks To Short Today As Markets Drop Amid Slew Of Poor News Markets are set to drop today for the third straight day amid a slew of bad news. Concerns are certainly rampant, and sentiment has sharply flipped this week after the first two weeks of October showed strong gains. Our ...
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Telsa Downside: How Tesla Stock Could Fall Below $150 Tesla stock is up by about 5x year-to-date. While Tesla's fundamentals have improved in recent quarters- with margins and deliveries trending higher, much of the stock price gains have come from the expansion of Tesla's ...
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Charles Schwab, One Of Nation's Largest Brokers, Nabs $2.4 Billion In Revenues Despite Commission-Free Trading And Historically Low Interest Rates Schwab's sales met Wall Street expectations, while earnings shattered average forecasts.
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China's Households Are Shouldering the Burden of Its Recovery

Wall Street Journal - 15 Oct 2020 10:46
The nexus between banks, households and real estate has helped lift the Chinese economy back from the pandemic, but it compounds the country's vulnerabilities too.
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Top Stocks To Buy Today Amid Renewed Concerns Of Markets Falling Although earnings season has continued its strong run, markets are set to sharply drop today amidst an influx of poor data and bad news. Sentiment was surely strong to start off October, however, it has certainly flipped...
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Trump Says He's Ready To Push White House Stimulus Offer Over $1.8 Trillion Meanwhile, Treasury Secretary Steven Mnuchin says he's prepared to concede to Democrats on testing and tracing provisions.
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Tax Moves Worth Considering Before the End of the Year

Wall Street Journal - 15 Oct 2020 16:45
Some of the strategies stem from the economic-relief legislation passed earlier in the year.
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Rising Covid-19 Cases In Europe Add To Market Jitters Over Elusive U.S. Stimulus Package It seems that risk-off sentiment is continuing to pressure the stock market this morning as worries about rising Covid-19 cases in Europe add to concerns about an elusive U.S. stimulus package.
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Westfield's Owner Offers Two Unappealing Deals

Wall Street Journal - 15 Oct 2020 16:00
Shareholders in Europe's largest property company have a choice between two bad options.
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Theater Chain's Bold Plan to Stay Solvent, Keep Parents Sane

Wall Street Journal - 15 Oct 2020 15:44
AMC has come up with a compromise that could help keep it solvent while keeping mom and dad sane: It will rent out an entire screen showing a feature presentation for prices starting at $99.
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Stocks Fall Again, Dow Tanks 250 Points As Jobless Claims Reach Highest Levels Since August Nearly 900,000 Americans filed for new unemployment claims last week.
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Pfizer, Moderna, J&J: How Are Covid Vaccine Stocks Faring? The odds of getting a Covid-19 vaccine in the near future are improving, with major companies carrying out late-stage clinical trials. Our indicative theme of Coronavirus Vaccine stocks - which includes a diverse set of ...
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IBM Signals The End Of Amazon's Dominance

Forbes - 15 Oct 2020 14:52
IBM Signals The End Of Amazon's Dominance Amazon stock did so well because it enjoyed nearly zero competition from big tech. But old tech giants, including IBM, is coming after Amazon.
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Weekly Jobless Claims Rise To Nearly 900,000 Lawmakers in Washington still haven't agreed on another economic stimulus bill.
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How Far Can Apple Stock Go With 5G iPhone?

Forbes - 15 Oct 2020 14:30
How Far Can Apple Stock Go With 5G iPhone? On Tuesday, Apple launched four new iPhones - the iPhone 12, iPhone 12 Mini, iPhone 12 Pro, and iPhone 12 Pro Max that operate on the next-generation 5G networks. Apple stock has rallied by about 60% year to date, fueled...
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The Upside Of The Pandemic: A Significant Opportunity The pandemic slump offers a prime opportunity, the wiggle room companies need to double-down around the core need for dedicated employees.
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