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Market News

Location American Market News for 16 October 2020

Cboe Global Markets to Buy Dark-Pool Operator BIDS

Wall Street Journal - 16 Oct 2020 20:29
The exchange operator has agreed to buy BIDS Trading, as exchanges have grappled with an increase in private, off-exchange stock trades this year.
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A New Big Bank Is Born: First Citizens Buys CIT Group To Create A $100 Billion Institution Shares of First Citizens are surging 12% on news of the $2.2 billion deal.
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How Much Retirement Savings Is Enough? Why Couples May Disagree

Wall Street Journal - 16 Oct 2020 12:00
Women have good reason to be more anxious about the size of a nest egg.
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Technology Sector Earnings: Q3 And The Rise Of Tech Sub-Industries The Tech sector seems to be starting another rally after a slow September. The coming earnings data could help investors get a sense of how the "mega-caps" and other Tech firms are performing in this "stay-at-home" econo...
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Markets this year have soaked up a record-breaking wave of new bond sales from companies looking to amass cash to get through the economic disruptions caused by the Covid-induced crisis.
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Chinese CEO Of OKEx Crypto Exchange 'Arrested' Again; Whales Bail Star Xu is MIA. One of China's biggest cryptocurrency exchanges sees massive outflows as CEO situation questionable.
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How September Retail Sales Stole August's Thunder

Wall Street Journal - 16 Oct 2020 18:44
The Commerce Department reported that retail sales rose a seasonally adjusted 1.9% last month. But September's strong sales might simply be making up for a weak August.
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Big Banks Prioritized Billions In PPP Funds For Wealthy Clients At The Expense Of Struggling Small Businesses, House Report Finds Lenders processed larger loans for wealthy customers at more than twice the speed of smaller loans for the "neediest" small businesses, the report claims.
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Regulatory Holdups Slow Ant Group's IPO Plans

Wall Street Journal - 16 Oct 2020 19:38
A window is closing for Chinese financial-technology giant Ant Group to pull off a record-breaking initial public offering ahead of the U.S. presidential election, as regulators in mainland China and Hong Kong have yet t...
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Microsoft Enters Q4 With An Attractive Rating For October From their continued gains in the stock market to their $143 in revenue over the last fiscal year, Microsoft has had one lucky break after the other. What does this mean for their stock prospects? Our AI can answer that.
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UPS Delivers A Neutral Rating For October

Forbes - 16 Oct 2020 22:00
UPS Delivers A Neutral Rating For October UPS has long been a household name - but it was the 2020 pandemic that turned this logistics giant into a star. But the real question is: what does this mean for their stock prices - and your investment portfolio?
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Top Stocks To Buy Today As Markets Jump After Three Consecutive Down Days After a losing streak of three straight days, stocks rose sharply based on good vaccine news and strong retail data. For investors looking to make sense of these unprecedented times, our deep learning algorithms have cru...
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Is The Stock Market At Risk From Another Contested Election? It seems like common sense to think that uncertainty of any sort must be bad for the stock market - and uncertainty about the transition in government is in the air today. But common sense and market realities don't alwa...
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Leadership And Humility: How Much And When?

Forbes - 16 Oct 2020 17:50
Leadership And Humility: How Much And When? To Socrates in Ancient Greece, humility was most important. Today humility is included in discussions of emotional intelligence.
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The Big Four accounting concern reviewed the books of Wirecard, Luckin Coffee and other companies where investors lost billions when scandals emerged. The firm, which caters to fast-growing tech startups, says it unearth...
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First Citizens to Buy CIT Group

Wall Street Journal - 16 Oct 2020 17:16
The combination would create one of the larger regional banks in the U.S. with more than $100 billion in assets. The company will keep the First Citizens name.
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Young adults are often in bad financial health. The ability to get coverage through a spouse can make marriage more enticing.
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Look Who's Really Chasing Hot Stocks Like Zoom

Wall Street Journal - 16 Oct 2020 17:06
Professional investors are blaming everyone else for the meteoric rise of speculative stocks--but they're part of the problem themselves.
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Stocks Climb, Dow Adds 150 Points, Breaking Three-Day Losing Streak, As Retail Sales Strengthen In September U.S. retail spending increased more than expected year-over-year in September.
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Daimler's Third-Quarter Acceleration May Be as Good as It Gets

Wall Street Journal - 16 Oct 2020 16:01
The maker of Mercedes-Benz posted much better quarterly cash flows than expected, but in some ways is an industry outlier.
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What's Happening With Moderna Stock?

Forbes - 16 Oct 2020 16:00
What's Happening With Moderna Stock? Moderna stock has rallied by almost 15% over the past month, as the company continues with its phase 3 clinical trials, with late-stage clinical data likely available in the next month or so. Moderna says that it could f...
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Looking For Pre-Weekend Momentum: Early Tone Stronger On Vaccine News, Retail Sales Not many people are apparently paying much attention, but the dollar has had a strong week. Also, Brexit is back in the news for the first time in a long, long time. It's still out there and is one more step on the ladde...
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