Month: November 2020

The analysts covering Nabriva Therapeutics plc (NASDAQ:NBRV) delivered a dose of negativity to shareholders today, by… …read more […]

Top news and what to watch in the markets on Tuesday, November 3, 2020. …read more […]

There’s been an ongoing pendulum swing between majors and independents as the controlling group of the Permian basin’s destiny for many years, but who controls the region now? …read more […]

(Bloomberg) — Oil gained, following a broader risk-on sentiment in markets and as OPEC+ inches closer to delaying a planned easing of output cuts.Futures in New York rallied near $38 a barrel after rising 2.9% in the previous session. Equities were rallying ahead of the U.S. election, while the dollar lost almost 0.5%, adding to positive sentiment in crude.On Monday, Energy Minister Alexander Novak met with Russian producers to discuss delaying an easing of production cuts by three months. The Organization of Petroleum Exporting Countries and its allies have been dropping hints for weeks that its plan to add almost …read more […]

(Bloomberg) — Millions of hungry pigs in China are setting off a chain reaction in the fuel market, causing the biggest oil refiner to rethink its sales strategy.A hog herd boom amid a push to revive supplies of the nation’s favorite meat has driven up corn prices as demand for animal feed soars. That’s sent biofuel costs flying for oil titan Sinopec Group, which is now being forced to scale back its plans to sell E10, a mix of 10% corn-derived ethanol and gasoline.China has a mandate to roll out E10 fuel nationwide from 2020 in an effort to reduce …read more […]

The German brand celebrated a return to positive sales in China and e-commerce increases, but must grapple with ongoing weakness elsewhere. …read more […]

(Bloomberg) — Bayer AG’s legal bills to contain the fallout over the weedkiller Roundup keep rising as the German company expects costs of handling future lawsuits to increase to $2 billion from $1.25 billion.The drugs and chemicals maker is far enough along in talks with U.S. plaintiff attorneys to realize that the outlay will be higher than anticipated in June, it said in a statement Tuesday. Bayer also reported earnings and sales that missed estimates as the pandemic hurts demand for key agriculture and pharmaceutical products.The Roundup litigation continues to vex Chief Executive Officer Werner Baumann, who orchestrated the $63 …read more […]

(Bloomberg) — For American brands struggling to survive the resurgent coronavirus, China is proving to be one of the few bright spots. As Alibaba Group Holding Ltd. prepares to host its biggest and most global shopping marathon ever, its position as a gateway to the world’s fastest-recovering economy is winning points with an increasingly hostile U.S. administration.Alibaba’s Singles’ Day event culminates annually Nov. 11, an online shopping phenomenon that with $38 billion of sales in 2019 easily dwarfed Black Friday and Cyber Monday. The festivities, which provide a snapshot of Chinese consumption, will feature the largest international presence since the …read more […]

Wall Street is a fickle place. The very investors that put a stock on a pedestal can pull it down to terra firma in no time. Just look at Fastly (FSLY).Until mid-October, the edge computing services provider had been one of 2020’s strongest performers, rising by more than 500%. However, Fastly let investors down when it announced preliminary Q3 results midway through October, lowering its previous estimates for the quarter, after which shares duly plunged.The violent selloff continued for most of last week, in tandem with the broader market’s decline. Fastly stock is now down by 52% since peaking at …read more […]

Shares of the digital payments processor fell more than 6% in extended trade. For the fourth quarter, PayPal expects adjusted profit to grow in a range of 17% to 18%, below analysts’ estimated growth of about 24%, according to IBES data from Refinitiv. PayPal Chief Executive Dan Schulman said in a call with analysts that the company was giving a more prudent estimate for the fourth quarter in part because of uncertainty due to the pandemic and its impact on the global economy, as well as Tuesday’s U.S. presidential election and concerns about social unrest. …read more […]

(Bloomberg) — China warned Jack Ma and senior Ant Group Co. executives that the fintech giant will face new curbs on its expansion, highlighting growing regulatory risk for the world’s largest initial public offering just days before its trading debut.Ma, Ant’s billionaire co-founder and one of China’s most powerful businessmen, was summoned to a rare joint meeting on Monday with the country’s central bank and three other top financial regulators. While neither side disclosed details of what was discussed, people familiar with the matter said Ant’s leadership team was told the company will face increased scrutiny and be subject to …read more […]

The election is tomorrow!
Holy $^@#!
If you’re concerned about how the markets will react – you’re not alone.
Stock markets hate uncertainly, and this is BY FAR the most uncertain election we’ve ever faced in our lifetimes.
That’s why I’m inviting you to a special Election Survival Summit.
It all happens on Wednesday, November 4, at 1 p.m. ET.
That’s the first day the markets are open after the election.
Biden win? Trump upset? No clear winner named?
Who knows?
But no matter the outcome…
Karim and I will take you into the markets – LIVE – and tell you exactly how to get positioned for any post-election-related volatility.
We’ll …read more […]

Alexis Christoforous and James Hardiman, Wedbush Leisure analyst, discuss cruise outlook after Norwegian extends cancellations. …read more […]

Well, tomorrow is it – the day we start waiting weeks for the final election results and fighting over whatever the 2020 version of hanging chads is.
There is a lot of built-up anxiety surrounding the election, and regardless of what happens, nearly half of the country is going to be bitterly disappointed.
At best, there will be protests in the streets. I don’t even want to think about “at worst.” The loser is likely to claim that the election was stolen. It’s going to be an emotional time.
One thing we know is that emotions and money do not mix.
I’ve never once …read more […]

Stock futures opened slightly higher Monday evening ahead of Election Day, as investors weighed a host of possible outcomes against a backdrop of an ongoing pandemic and lingering economic strain. …read more […]