Month: November 2020

(Bloomberg) — The mid-level bureaucrats left China’s richest man waiting as they prepared for a meeting that would send shockwaves across the financial world.It was Monday morning in Beijing, and Jack Ma had been summoned to the China Securities Regulatory Commission just days before he was set to take Ant Group Co. public in the biggest stock-market debut of all time.When the regulatory officials finally entered the room where Ma was waiting, they skipped over pleasantries and delivered an ominous message: Ant’s days of relaxed government oversight and minimal capital requirements were over. The meeting ended without a discussion of …read more […]

Analysts expect Biden to likely enact larger stimulus measures than his Republican incumbent, even as chances of a divided Congress could stymie Biden’s fiscal policy efforts. Gold tends to benefit from widespread stimulus measures as it is widely viewed as a hedge against inflation and currency debasement. …read more […]

(Bloomberg) — China’s yuan is emerging as one of the most sensitive assets to the outcome of the U.S. presidential elections.The offshore yuan climbed as much as 0.9% in late trading Wednesday to 6.6202 per dollar, its strongest level since July 2018, after earlier falling as much as 1.4%. That was the biggest intraday swing since the day after Beijing devalued the currency in August 2015. The currency’s one-week implied volatility — a proxy for market risk — fell from a record high, while traders reduced their hedges against yuan weakness.The yuan is particularly sensitive to the election outcome given …read more […]

(Bloomberg) — A blank-check company backed by former Citigroup Inc. rainmaker Michael Klein is among the parties interested in buying a stake in AT&T Inc.’s DirecTV satellite-television business, according to people with knowledge of the matter.Churchill Capital Corp. IV, which raised $2.07 billion in July, is working with advisers on a potential bid for the asset, the people said, asking not to be identified because the discussions are private.AT&T has been seeking investors to buy a significant stake in the business, allowing the telecom and media giant to remove DirecTV from its books while maintaining access to some of its …read more […]

(Bloomberg) — Apple Inc. is grappling with a shortage of vital chips that manage power consumption in iPhones and other devices, people with knowledge of the matter said, potentially threatening its ability to meet holiday demand for the latest version of its marquee gadget.It’s unclear to what extent the bottleneck may limit iPhone availability during its crucial launch quarter, typically Apple’s busiest. Despite the shortfall, suppliers are likely to prioritize Cupertino, California-based Apple and its power-hungry iPhone 12 over other customers lining up for scarce parts, said the people, who asked not to be identified discussing private matters.Trade restrictions and …read more […]

U.S. oil prices dropped on Thursday as the dollar strengthened on growing expectations Democrat Joe Biden would win the U.S. presidential election but the Republicans would retain Senate control, holding back any huge COVID-19 relief package. U.S. West Texas Intermediate (WTI) crude futures fell 40 cents, or 1%, to $38.75 a barrel at 0141 GMT, while Brent crude futures dropped 41 cents, or 1%, to $40.82 a barrel. Oil prices generally fall as the U.S. dollar rises because crude priced in dollars becomes more pricey for foreign buyers. …read more […]

(Bloomberg) — Wells Fargo & Co. plans to freeze raises for top earners as the bank’s new leadership team retools compensation practices with a close eye on costs, according to people briefed on the plans.The measure, revealed to some managers on a conference call Wednesday, will halt increases in base pay in the coming year for employees making more than $150,000, the people said. It’s at least the second time in just a few weeks that the firm has sought to limit the expense of rewarding well-paid employees.A spokesperson for the San Francisco-based lender declined to comment.Chief Executive Officer Charlie …read more […]

Investors who owned stocks in the past five years generally experienced some big gains. In fact, Since Nov. 19, 2015, the SPDR S&P 500 (NYSE: SPY) total return is 74.7%.On that day, Square Inc (NYSE: SQ) held its IPO, and IPO investors have significantly outperformed the market in the five years that have followed.Square’s Big Debut: Digital payment pioneer Square was founded in 2009 and made the move to go public just six years later. It priced its IPO at $9 per share, slightly short of its targeted range of between $11 and $13. Square raised $243 million at a …read more […]

The post Will Soaring Net Interest Income Keep This 13.5% Yield Safe? appeared first on Investment U. …read more […]

Norm Conley, CEO and CIO at JAG Capital Management, joined Yahoo Finance Live to discuss today’s market action as stocks react to incoming election results and his outlook for the market heading into next year. …read more […]

The markets rallied on Wednesday on the prospect of a divided Congress and a lower likelihood of tax hikes or regulations. But as Americans await the results of the presidential election, the possibility of a contested outcome is growing likelier by the second. …read more […]

VANCOUVER, BC, Nov. 4, 2020 /CNW/ – Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV) (BVL: TV) (OTCQX: TREVF) (Frankfurt: 4TI) today released financial and operating results for the three and nine months ended September 30, 2020. …read more […]

Voters said yes to legalizing sports betting in all three states where the question was on the ballot: Louisiana, Maryland, and South Dakota. …read more […]

Yahoo Finance’s Seana Smith and Adam Shapiro speak with Noah Hamman, CEO of AdvisorShares, about the implications for marijuana legalization on cannabis stocks. …read more […]

(in U. dollars unless otherwise noted)Record earnings margin and strong organic growthTORONTO, Nov. …read more […]