Month: October 2020

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House Democrats: FB, AMZN, GOOGL & AAPL enjoy ‘monopoly power’

October 6, 2020 admin Comments Off on House Democrats: FB, AMZN, GOOGL & AAPL enjoy ‘monopoly power’

On Tuesday the House Judiciary subcommittee released its findings and recommendations on how to reform laws to fit the digital age. They conclude that the four Big Tech companies enjoy monopoly power and suggest that Congress take up changes to antitrust laws that could result in parts of their businesses being separated. …read more […]

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Should I Avoid Endo International plc (ENDP)?

October 6, 2020 admin Comments Off on Should I Avoid Endo International plc (ENDP)?

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

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Holiday Spending Is About to Begin

October 6, 2020 admin Comments Off on Holiday Spending Is About to Begin

I had a somewhat startling realization while hiking with my dog the other day…
It is fall.
The lush green of the day before had been replaced overnight by falling yellow leaves.
You could smell the change in the air. Even my pup could smell it as she caught the scent of turkeys in the crisp “suddenly fall” morning.
But it’s not just the weather that’s changing.
For investors, October marks the beginning of the most important three-month stretch for the U.S. economy – holiday spending.
The unofficial start of the holiday shopping season is merely days away – October 10.
Of course, there’s no beating around …read more […]

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Tesla Stock Slips After Q3 2020 Deliveries Report

October 6, 2020 admin Comments Off on Tesla Stock Slips After Q3 2020 Deliveries Report

Tesla (NASDAQ:TSLA) stock is slipping after the company announced its Q3 2020 deliveries. The automaker beat consensus estimates for its Q3 2020 deliveries, but given that Tesla stock was priced for perfection, it isn’t a big surprise that the beat wasn’t good enough to boost the shares. Tesla stock falls after Q3 2020 deliveries The company […] …read more […]

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GE Warns of Likely SEC Accusations Tied to Reserves; Shares Fall

October 6, 2020 admin Comments Off on GE Warns of Likely SEC Accusations Tied to Reserves; Shares Fall

(Bloomberg) — General Electric Co. sank after the company warned that it’s likely to face U.S. Securities and Exchange Commission allegations of wrongdoing tied to a previously disclosed accounting probe.The company received a so-called Wells notice Sept. 30 advising that the SEC may pursue a civil enforcement action over possible securities violations tied to an old insurance business, according to a GE regulatory filing Tuesday. The SEC has yet to decide whether to recommend action on issues related to GE’s power-equipment business that are also under investigation.The Wells notice signals a new phase in a wide-ranging SEC investigation that began …read more […]

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Stocks Fall, Bonds Gain After Stimulus Talks Ended: Markets Wrap

October 6, 2020 admin Comments Off on Stocks Fall, Bonds Gain After Stimulus Talks Ended: Markets Wrap

(Bloomberg) — U.S. stocks tumbled after President Donald Trump said he is ending stimulus talks until after the election, just hours after Federal Reserve Chairman Jerome Powell renewed his warning that the economy will stumble without additional fiscal support.The benchmark S&P 500 slumped as much as 1.5% after Trump tweeted his comments, erasing a gain of as much as 0.7%. Treasury yields surged and the dollar jumped against most its major peers.“It goes to show that the stimulus package was far from a forgone conclusion,” said Matt Miskin, co-chief investment strategist at John Hancock Investment Management. “The market had had …read more […]