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Market News

Location American Market News for 30 November 2020
Achieving Solid Results From Soft Leadership Research finds that our "softer" people skills produce dramatic leadership results.
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Millions Of People Are About To Lose An Economic Lifeline And Be Forced From Their Homes Pandemic assistance programs are due to end on December 26, the day after Christmas. Without additional fiscal stimulus millions of people could lose their homes. And keep in mind the recent stock market records don't he...
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This Was All Predicted 10 Years Ago

Forbes - 30 Nov 2020 23:00
This Was All Predicted 10 Years Ago This is where we are. The hard times we've long anticipated are here.
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Dow Jones Rallied 11.3% And S&P 500 Up 11.9% During November; How Will December Be? S&P 500 Posts Best Monthly Performance Since April.
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Why Did Li Auto And Xpeng Stock Tank On Wednesday? The stock prices of major U.S. listed EV players including Li Auto and Xpeng declined sharply on Wednesday. The sell-off was likely driven by China's top economic planning body's decision to investigate the investments a...
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A 'Great Reset' Is Coming... But Not For Capitalism The World Economic Forum sees the coronavirus pandemic as an opportunity to completely reset capitalism.
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The Great Stock Market Rotation Has Begun

Forbes - 30 Nov 2020 15:53
The Great Stock Market Rotation Has Begun The stock market is going through the greatest rotation since the onset of Covid. Here are 3 strategies to play it--and 10 "recovery stocks" Wall Street is most bullish on.
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Congress Faces Tight Deadlines On Government Shutdown, Border Wall Funding, Stimulus, Trump Judges Before Year's End The clock is ticking to pass a federal budget before December 11 and a new coronavirus relief bill before key CARES Act programs expire at the end of the year.
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Oil Prices: Brent And Crude Could Move Massively In The Coming Days Traders know that when there is a disagreement among the Organization of Petroleum Exporting Countries, OPEC members, or the OPEC+ members, which include Russia, this has a massive influence on oil prices.
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DoorDash said it plans to sell 33 million shares in an initial public offering that could give the food-delivery company a valuation of as much as $32 billion.
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OPEC Defers Decision on Extending Output Curbs

Wall Street Journal - 30 Nov 2020 19:48
OPEC put off its decision about whether to extend oil output cuts until Tuesday, when the cartel plans to meet with Russian-led producers.
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China's IPO Problem: Why Can't Shanghai Run A Public Offering? In 2007, PetroChina launched an IPO), and was valued at $1Tn. In the next 20 weeks, the share price fell 52%. The stock never recovered. Today, PetroChina's shares are down almost 90% from the IPO price. Recent IPOs show...
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S&P Global in Advanced Talks to Buy IHS Markit

Wall Street Journal - 30 Nov 2020 02:47
S&P Global is in advanced talks to acquire IHS Markit for about $44 billion, according to people familiar with the matter, a landmark deal that would combine two of the largest providers of data to Wall Street.
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Biden Officially Announces Yellen Nomination, Picks For Diverse Economic Team The President-elect takes another step towards his promise of an administration that looks like America.
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Top Stocks To Short Today As Markets Set To Sluggishly End November As COVID surges to unprecedented levels with additional shutdown measures taking place, markets declined to close what has been a largely strong November. Using our deep learning algorithms, our AI has crunched the data ...
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Bitcoin Hits New All-Time High Of $19,850 Nearly Three Years After Crypto Crash The price of bitcoin has skyrocketed up 170% this year alone-eclipsing its record high of $19,783 on Monday, but only for a few minutes.
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Zoom saw revenue growth accelerate again in the most recent quarter. Now the company is expecting a slight slowdown.
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Lloyds Bank Names HSBC's Nunn as CEO

Wall Street Journal - 30 Nov 2020 23:40
Lloyds Banking Group said it will appoint HSBC's head of personal banking, Charlie Nunn, as its next chief executive.
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Nikola Teaches GM a Lesson

Wall Street Journal - 30 Nov 2020 21:22
Tesla's disruption story may be the exception rather than the rule in the auto industry's shift to electric vehicles.
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Heading Into The Holidays - Avoid The Crowds... Once Again The ever-increasing U.S. debt burden will benefit value stocks and gold.
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A Fine Payoff for Reading the Ingredients

Wall Street Journal - 30 Nov 2020 19:47
Companies are being hit with lawsuits by people who claim not to have read the packaging.
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We Are About To Mint Even More Excess Elites We have too many "elites." History shows this rarely ends well. And we are about to mint even more.
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