Month: October 2020

For many, the main point of investing in the stock market is to achieve spectacular returns. While not every stock… …read more […]

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Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of… …read more […]

VANCOUVER, BC and ERIE, Pa., Oct. …read more […]

What a treat!
We got to practice our high-speed driving skills.
Last week, we pulled a passed-out pal out of the river…
This week, we rushed a dear loved one to the emergency room with a towel wrapped around her blood-gushing hand.
One minute, she was helping clear a trail through thick brush.
The next, she learned never to get in the way of a raging machete.
She’s fine.
Just five stitches.
Under Observation
As the young and all-too-serious doc put a nice new hem in her hand, he told us to sit outside… not to breathe on anything… and, for heaven’s sake, not to make eye contact with …read more […]

Expects first sales of Aphria-branded cannabis in Germany in Q2 FY2021 LEAMINGTON, ON, Oct. 7, 2020 /CNW/ – Aphria Inc. …read more […]

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(Bloomberg) — S&P 500 and Nasdaq 100 futures rose after President Donald Trump called for a reduced group of stimulus measures. Euro-area bonds pared gains before European Central Bank President Christine Lagarde speaks in Paris.Italy’s Nexi SpA slid after news of private-equity backers selling shares in the payment-services provider. Denmark’s Ambu A/S surged after the maker of life-support equipment won a key U.S. contract. The dollar steadied before Federal Reserve officials comment later on Wednesday and release minutes from their past policy meeting.Treasuries fell while futures on the S&P 500 recovered some of their tumble from Tuesday after Trump tweeted …read more […]

(Bloomberg) — Spain’s growing list of risks is starting to make investors nervous.The nation’s debt is lagging a regional rally that has driven the rate on Italian bonds — long regarded as the pariah of Europe and among the highest yielding — close to a record low. That’s narrowed the gap between Spanish and Italian yields to the smallest in more than two years.Citigroup Inc. this month recommended selling Spanish bonds versus their Portuguese peers, citing growing fiscal worries, renewed separatist tensions in the region of Catalonia, and the prospect of a credit downgrade after S&P Global Ratings cut the …read more […]

(Bloomberg) — Poland’s antitrust watchdog slapped a $7.6 billion fine on Gazprom PJSC over the Nord Stream 2 pipeline, opening a new front in the bitter political battle over the controversial gas project.The regulator said the Baltic Sea project impedes competition and “violates the interests of consumers.” It gave Gazprom and its partners 30 days to terminate financing agreements to “restore” competition. The fine amounts to 10% of the company’s annual revenues, the maximum allowed penalty.“The construction of Nord Stream 2 is a clear violation of market regulations,” Tomasz Chrostny, the head of the UOKiK regulator, said in Warsaw on …read more […]

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(Bloomberg) — SoftBank Group Corp. shares climbed to their highest in two decades, a sign founder Masayoshi Son is recovering from a rocky year marked by setbacks from the coronavirus and losses at startups such as WeWork.SoftBank rose for the eighth day in a row to finish at 6,955 yen, the highest since March of 2000. The stock had breached 6,900 yen in August before revelations that Son had begun trading options on tech stocks, a potentially risky endeavor that spooked some investors.After a record fall in its share price in March, SoftBank unveiled plans to offload 4.5 trillion yen …read more […]

(Bloomberg) — U.S. index futures rose as investors assessed the progress of a stimulus plan and a House panel proposal for far-reaching antitrust reforms to curb the power of American technology giants.Fresh comments from U.S. President Donald Trump calling for support for airlines and the Paycheck Protection Program helped reverse earlier losses. December contracts on the S&P 500 Index added 0.3% as of 6:41 a.m. in London, rebounding from a 0.6% loss. Futures on the Nasdaq 100 Index advanced 0.4%, erasing a drop of as much as 0.6%.“So there is still some stimulus perhaps coming before the election,” said Ben …read more […]

(Bloomberg) — Global markets were whipsawed in the early hours of Wednesday after President Donald Trump unleashed a barrage of sometimes conflicting Twitter posts.U.S. stocks slumped Tuesday while Treasuries surged after Trump tweeted that he had decided to halt stimulus talks. His posts during Asian hours on Wednesday — calling for support for airlines and the Paycheck Protection Program — helped erase losses in U.S. stock futures and Japanese shares. Most Asian currencies crept lower amid uncertainty over the next round of U.S. stimulus. In total, Trump tweeted or retweeted just under 40 times in the space of two hours.Trump …read more […]

(Bloomberg) — China is investing tens of billions of dollars in new mega-refineries even as its fuel demand is expected to peak within five years, raising the risk it will flood the region with cheap exports.At least four projects with about 1.4 million barrels a day of crude-processing capacity, more than all refineries in the U.K. combined, are under construction. That’s after the country already added 1 million barrels since the start of 2019. All that capacity will add more petroleum products and plastics just as China National Petroleum Corp. sees fuel demand peaking in 2025 as electric vehicles sap …read more […]