News & Events
CNBC
- Italy, the epicenter of Europe's first coronavirus outbreak, moves to stop second surge October 19, 2020Italy announced a raft of new restrictive measures aimed at curbing a second wave of coronavirus cases.
- Hong Kong and Singapore will form a 'travel bubble' soon. Here's how it'll work October 19, 2020Leisure travelers can travel between the two cities without undergoing a quarantine, said Edward Yau, Hong Kong's secretary for commerce and economic development.
- CVS to hire 15,000 employees as it prepares more Covid-19 cases, vaccine October 19, 2020More than 10,000 of the new hires will be full-time and part-time pharmacy technicians who can help dispense medications and administer Covid-19 tests.
- These are Citi's stock picks to buy — and sell — as China pledges to fight against climate change October 19, 2020Chinese President Xi Jinping said in a speech at the United Nations General Assembly last month that his country aims to become carbon neutral by 2060.
- Ant Group wins approval from Chinese regulators for the Hong Kong leg of its blockbuster IPO October 19, 2020Ant Group, which is 33% owned by Alibaba and controlled by billionaire Jack Ma, is seeking to list in Shanghai and Hong Kong in a concurrent IPO.
- China says its economy grew 4.9% in the third quarter October 19, 2020China's economy recovered further from the coronavirus in the third quarter, according to data released Monday by the National Bureau of Statistics.
- 'Vulnerable' garment workers in Bangladesh bear the brunt of the coronavirus pandemic October 19, 2020CNBC spoke with six Bangladeshi female workers, most of them currently unemployed, who are struggling to make ends meet due to pandemic's crippling impact.
- Asia-Pacific stocks mixed as China reports third-quarter GDP jump; Alibaba shares in Hong Kong rise October 18, 2020China's third-quarter GDP grew 4.9% as compared to a year ago, according to data released Monday by the country's National Bureau of Statistics.
- Dow futures climb as traders weigh rising coronavirus cases, U.S. stimulus talks October 18, 2020Futures rose as the number of coronavirus cases continued to climb while lawmakers remain at an impasse over a new stimulus deal.
- This historical trend points to strong fourth quarter gains — and 2020 may be no exception October 18, 2020Ally Invest's Lindsey Bell won't give up on the final three months of the year.
- U.S. threatens sanctions after U.N. arms embargo against Iran expires October 18, 2020The threat comes after a decade-long U.N. arms embargo against Iran officially expired Sunday as part of the nuclear deal agreed with world powers in 2015.
- Michigan Gov. Whitmer says Trump is inciting domestic terrorism after 'lock her up' chants at rally October 18, 2020Gretchen Whitmer said that Donald Trump was fueling domestic terrorism a day after his criticisms of her during a rally in the state spurred supporters to chant "lock her up!"
- Pelosi gives White House 48 hours to reach coronavirus stimulus deal before election October 18, 2020Pelosi set the 48-hour deadline on negotiations after speaking with Treasury Secretary Steven Mnuchin on Saturday night for more than an hour.
- 2020 Election: Why the cannabis industry could be a big winner October 18, 2020Many states have adult-use legalization initiatives on their November ballots, and a Biden presidential win would mean federal medicinal legalization.
- Pandemic may make it easier to get in to college, but not the Ivy League October 18, 2020With so much uncertainty, colleges may admit more students, not less, to secure next year's class.
- Philadelphia 76ers need Doc Rivers to fix its culture and win as the team eyes future business October 18, 2020The Philadelphia 76ers hired their new coach, Doc Rivers, to deliver owners Josh Harris and David Blitzer a championship and help secure the team's future with a new arena.
- Solar ETF soars as Biden leads in polls. Other groups that could benefit from a Democratic win October 18, 2020The Invesco Solar ETF (TAN) has become one of the market's hottest trades, and there could be more upside in the cards for it and several other groups, market analysts say.
- Wall Street’s top analysts are betting on stocks like Apple and Snap this earnings season October 18, 2020TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Snap and Apple
- These stocks are set to benefit from the 'smart cities' of the future, says Barclays October 18, 2020A massive smart infrastructure boom could be about to kick off as cities face growing pressure to become more resilient in the wake of Covid-19.
- This 30-name Morgan Stanley fund is up 70% this year — Here's how the manager picks winning stocks October 18, 2020The Morgan Stanley Global Endurance Portfolio (MSJSX) stands out as one of the best-performing funds this year.
Fortune
- Airlines are trying to develop an alternative to the 14-day quarantine October 19, 2020'What we’ve seen so far is if there’s a 14-day quarantine, it’s the same as closing your borders.'Claire Zillman, reporter
- Facebook’s new tool to stop fake news is a game changer—if the company would only use it October 18, 2020Experts view circuit breakers as critical to stop viral misinformation. Facebook is using them, but only cautiously.Jeff
- U.S. states are turning to a private Irish company to help stop the spread of COVID October 18, 2020With a 35% adoption rate, NearForm’s app has been such a success story in Ireland that versions are now being used in four U.S. states, with many more expressing interest.Alyssa Newcomb
- Tom Steyer thinks business is missing a big opportunity—and that Trump has done ‘nothing but whiff’ October 18, 2020Biden adviser and former Democratic presidential hopeful Tom Steyer says Trump is wrong on the economy and climate change.rhhackettfortune
- Valuation: Casino stocks got clobbered by COVID-19. This one is now an attractive bet October 18, 2020Casino landlord GLP is recovering well from the ravages of the pandemic.matthewheimer
- How a funeral inspired the pandemic’s hottest hardware October 18, 2020The $300 black box that creates a television studio on your desktop.Daniel Bentley
- Bank of America just ended a weak quarter—but there were 3 little-noticed bright spots October 18, 2020A bet that U.S. economy will come back, is also a bet that BofA’s earnings will rebound, only faster.Shawn Tully
- The irreverent toilet paper startup that cleaned up during the pandemic lockdown October 18, 2020This is an installment of Startup Year One, a special series of interviews with startup founders about the major lessons they have learned in the immediate aftermath of their businesses’ first year of operation. Who Gives a Crap was founded by Simon Griffiths, Danny Alexander, and Jehan Ratnatunga when they learned how many people live […]Rachel King
- Stocks in ‘election-sensitive’ sectors seem oblivious to which candidate wins. Why? October 18, 2020The two candidates pledge to treat the same sectors in such totally different ways, that it's worth exploring whether their fluctuating fortunes in the polls is part of what's pushing and pulling stock prices.Shawn Tully
- A fortuitously-timed acquisition moved this Fortune 500 fintech’s strategy ‘years ahead’ during COVID October 17, 2020The $43 billion acquisition of Worldpay, a payment processing company, positioned Fidelity National Information Services (FIS) to reap the benefits of digital transformations caused by the pandemic.Lance Lambert
- Being honest about car prices wins salespeople more business, study finds October 17, 2020The bottom line, researchers found, is that "information asymmetry"—where the salesperson knows far more than the customer—is breaking down.Lee Clifford
- ‘Virtual marathons’ see a spike as runners crave a fix and organizers fight to keep them engaged October 17, 2020Runners crave the thrill of the race, and organizers like New York Road Runners want to avoid athletes drifting away while the pandemic halts in-person events.Phil Wahba
- Are we better off than we were four years ago? October 17, 2020The decision voters are facing shouldn’t hinge on personal pocketbook issues—but rather on how the country as a whole has changed since the last election.cleaf2013
- What happens if Trump or Biden dies before the election? October 17, 2020Now that it’s too late to change the ballot, here’s how this scenario would play out.Jeff
- Will the world’s first ‘travel bubble’ actually work? October 17, 2020If successful, the scheme could be rolled out to other countries with low cases of COVID-19.eamonbarrett
- Let’s put Mr. Rogers in charge October 16, 2020After Vice President Joe Biden's demeanor at last night's televised town hall was compared to Mr. Rogers, some folks wondered—would that be so bad?Ellen McGirt
- Amazon’s activist employees are sowing the seeds of unionization October 16, 2020Amazon Employees for Climate Justice will rally in Seattle on October 17.Geoffrey Colvin
- Nikola shares plunge after CEO says startup can go it alone October 16, 2020The electric carmaker's shares sank as much as 16% after its CEO raised doubts about a proposed General Motors partnership.Verne Kopytoff
- By this measure, K-pop megastars BTS struck the wrong note with their IPO October 16, 2020The $760 million BTS left on the table ranks among the two dozen highest amounts forgone in all debuts on U.S. exchanges over the past several decades.Shawn Tully
- Amazon’s Prime Day sales jumped 36%—signaling a blockbuster holiday for e-commerce October 16, 2020Other retailers also saw big sales surges with their own competing online sales events.Phil Wahba
YAHOO Finance
- Stocks, Futures Rise on Stimulus Hope; Bonds Fall: Markets Wrap October 19, 2020(Bloomberg) -- Stocks in Europe advanced with U.S. futures amid fresh optimism about progress on stimulus talks in Washington. Treasuries dipped.In Europe, banks and insurers led gains while health care and energy firms lagged. Julius Baer posted one of the biggest jumps after third-quarter inflows accelerated at the Swiss wealth manager.S&P 500 Index futures climbed […]
- Danone Plans Biggest Shakeup in Years With Portfolio Review October 19, 2020(Bloomberg) -- Danone Chief Executive Officer Emmanuel Faber is reviewing the French yogurt maker’s entire portfolio for underperforming assets as the shares languish near a six-year low.The company is studying a sale of the Vega protein powder brand as well as a unit in Argentina, potentially getting rid of businesses that contribute 500 million euros […]
- Election Update: Early Voting, Polls, Senate Clues October 19, 2020Oct.19 -- With the presidential election little more than two weeks away, Bloomberg's Derek Wallbank considers the importance of early voting, the latest polls, and a subtle shift in the rhetoric of Republican senators which could indicate which whether Donald Trump or Democrat Joe Biden are heading for victory. Wallbank reports on "Bloomberg Markets: European […]
- Unique market position of ‘Made in Hong Kong’ companies vanishes under US relabelling order October 19, 2020US president Donald Trump announced on August 11, 2020, that the “Made in Hong Kong” label could no longer be used on US-bound exports from the city. The order, which requires Hong Kong exports to be labelled as “Made in China”, came as Washington imposed sanctions against Hong Kong over a national security law imposed […]
- Almost 60% of Mutual Fund Assets Will Be ESG by 2025, PwC Says October 19, 2020(Bloomberg) -- ESG investing is the most significant development in money management since the creation of the exchange-traded fund two decades ago and it will reshape finance just as passive funds have.That’s the finding of a new report from PwC that forecasts as much as 57% of mutual fund assets in Europe will be held […]
- Tech Still Offers Value, `Vaccine or No Vaccine': Barings October 19, 2020Oct.19 -- Tech is "having the time of its life and is not going anywhere, vaccine or no vaccine," says Baring Investment Services Chief European Strategist Agnes Belaisch. She speaks on "Bloomberg Markets: European Open."
- Oil Steady Near $41 Before OPEC+ Meets to Assess State of Market October 19, 2020(Bloomberg) -- Oil was steady near $41 a barrel in New York before an OPEC+ meeting to assess the state of the market as demand comes under pressure once again from a resurgent coronavirus.The Joint Ministerial Monitoring Committee, which typically reviews compliance to the group’s pledged output cuts, will meet online Monday. While no supply […]
- GLOBAL MARKETS-Asian markets jump on vaccine, U.S. aid hopes; China data caps gains October 19, 2020
- Founders Love Listing in Amsterdam. Maybe a Little Too Much. October 19, 2020(Bloomberg Opinion) -- Founders who want to list their company in Europe while retaining control usually have a shortlist of one bourse: Amsterdam.The Dutch capital’s stock exchange promises the flexibility of London with an added perk: It allows dual classes of stock in its benchmark indexes, meaning the biggest shareholders can keep control of the voting […]
- Alibaba Takes Over China’s Top Hypermart Chain for $3.6 Billion October 19, 2020(Bloomberg) -- Alibaba Group Holding Ltd. will invest about $3.6 billion to double its stake in Sun Art Retail Group Ltd., taking control of China’s largest chain of hypermarts to try and fend off rivals like JD.com Inc. in e-commerce’s hottest growth arena.Alibaba will raise its direct and indirect stake in the grocery chain to […]
- China's Key Policy Rate to Remain Unchanged This Year: BofA October 19, 2020Oct.19 -- Helen Qiao, chief Greater China economist at BofA Securities, discusses the health of the world's second-largest economy and its policies. Gross domestic product climbed 4.9% in the third quarter from a year ago. That’s lower than economists forecast. Retail sales expanded 3.3% in September, industrial production grew 6.9% in the month and investment growth […]
- Oil prices decline after China economic data disappoints October 19, 2020Oil prices fell on Monday after reports that China's third-quarter economic growth did not rise as much as expected, underscoring concerns that surging coronavirus cases globally are impacting demand in the world's largest oil importer. Refiners in China, the world's second-largest oil user, slowed their processing rates in September and industrial metal imports, underpinned by […]
- American Airlines Seeks To Relaunch Boeing 737 Max Flights In December October 19, 2020American Airlines Group Inc (NASDAQ: AAL) is reportedly planning to return Boeing Co's (NYSE: BA) 737 MAX passenger jets back to service at the end of the year.What Happened: American Airlines will fly the planes provided they are certified by the U.S. Federal Aviation Administration, the company said in a statement to Reuters.The airline intends […]
- GLOBAL MARKETS-Asian markets jump on vaccine, U.S. aid hopes; gains capped by China data October 19, 2020
- Tesla Accounts For Majority Of EV Sales In South Korea This Year: Report October 19, 2020Tesla Inc (NASDAQ: TSLA) has registered substantial growth in South Korea this year due to increasing demand for electric vehicles in the country, Yonhap News Agency reported Monday (Seoul time).What Happened: The Elon Musk-led automaker sold 10,518 vehicles in the country between January and September -- making up for 79.6% of electric vehicle sales in […]
- Speculators Reverse Big Nasdaq Short October 19, 2020(Bloomberg) -- Hedge funds have pulled back from one of the biggest short positions in U.S. tech stocks in over a decade, in a near-record buying spree of Nasdaq futures last week.Net speculative positions in Nasdaq 100 mini contracts surged by the most in more than 13 years in the week through Oct. 13, according […]
- Vaccine hopes drive stocks higher on 'Black Monday' anniversary October 19, 2020European stocks rallied on Monday as rising hopes of a coronavirus vaccine by the end of the year and a U.S. fiscal package before elections offset concern over record daily infections in the region. Parts of the UK were put into lockdown and France imposed curfews. Boosting overall sentiment, drugmaker Pfizer Inc said on Friday […]
- Oil Majors Stuck Between A Rock And A Hard Place October 18, 2020
- Fed, Central Banks Will Find Exit From Massive Stimulus Impeded October 18, 2020(Bloomberg) -- The Federal Reserve and other central banks will eventually discover that breaking up isn’t easy after partnering with their governments and the financial markets to avert a pandemic-driven depression.Investors and lawmakers enamored with cheap money may well balk when monetary authorities try to throttle back their quantitative easing and other stimulus measures.“They are […]
- WSJ Opinion: Hits and Misses of the Week October 18, 2020Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Images: Getty Images Composite: Mark Kelly
