Written by Gary
DOW rebounds on stimulus hope to end first losing month since March (SPY +0.8%). Stocks rally on record home sales. Fed extends ban on share buybacks at big banks through Q4.
The Market in Perspective
|Here are the headlines moving the markets.|
There is a new emerging trend in renewable energy with a rather idyllic sounding name: energy communities. These communities are designed as a model for the brave new world of producer-consumers–individuals that not only take energy from the grid, but feed back into it via their personal energy production devices, most commonly solar panels. These prosumers are transforming the way that utilities function within and interact with communities, and have raised questions about how to move forward in a rapidly changing energy landscape.
Introduction The Belt and Road Initiative (BRI) has been a focal issue for understanding the foreign policy of the Peoples Republic of China (PRC). Some observers view the BRI as representing a new phase of economic globalization and regional economic integration. Others argue that the BRIs primary motivating factors are domestic and that the massive program is chiefly aimed at creating new markets, maintaining economic stability, resolving regional development imbalances, and transferring industrial overcapacity. Both views have
China’s success in cutting major air pollutants such as sulfur dioxide (SO2) and primary aerosols likely worsened the climate change effect of the country’s rising carbon dioxide (CO2) emissions, new research showed. According to the paper, ‘Climate effects of China’s efforts to improve its air quality’ published by Chinese and U.S. scientists in Environmental Research Letters, China’s success in cutting sulfur dioxide and other major air pollutants has had a negative effect on the so-called radiative forcing, the amount of the sun’s energy
Venezuelas foreign currency revenuesalmost all of which come from crude oil saleshave plunged by 99 percent since 2014, Nicolas Maduro said, blaming most of the losses on the persecution and criminal blockade of Venezuelas oil exports. In six years of persecution and criminal blockade against Venezuela, the country lost 99 percent of its foreign currency income, Maduro said on Twitter, sharing a graph showing that Venezuelas foreign currency income slumped from US$56.6 billion in 2013
Heres the claim. The Green New Deal and all those other supposedly anti-fossil fuel policies will destroy jobs. One Fox News report claimed 3.4 million oil, gas, and coal jobs would be eliminated. Naturally, the proponents of green policies say the opposite. We have all read the clashing claims buttressed by think tank reports and caution that oil workers, for example, who lose jobs may not be able to find replacement jobs paying as much. With all those charges and countercharges, we decided to look at a few numbers in order to frame
Oil explorer Cairn Energy today booked a $324m (251.8m) loss for the first half after it was hit by a hefty impairment charge related to its assets in Senegal. However, the FTSE 250 firm said that it had safely managed the coronavirus crisis and was well-positioned to generate future growth. The figures In a challenging year for oil producers, the Edinburgh-based company reported an average net output of 22,400 barrels per day, at the top end of its guidance. With oil prices currently more than a third lower than at the start of 2020, Cairn
New York City restaurants are reopening their dining rooms for the first time since March, pushing eateries like o.d.o. by Odo to adapt how they serve their food.
Nikola executives seek to calm investor anxiety after fraud claims delay $2 billion deal with GM, shares jump
Nikola is resetting investor expectations following fraud claims involving the company’s technologies and its founder, Trevor Milton, who resigned as executive chairman last week.
Airline executives at American, United, Southwest and JetBlueÂ have been making last-ditch attempts to persuade lawmakers to provide additional aid as the job cuts loom.Â
Nikola said it “remains committed to achieving” a set of milestones previously outlined despite founder Trevor Milton’s resignation amid claims of fraud and sexual assault.
Jeep has a heritage and reputation other automakers would beg, borrow and steal for. Being solely a maker of SUVs and now a pickup truck, it is in a great position for today’s market. But rivals are growing, and Jeep is trying to stay ahead.
The test should be commercially available in Europe by the end of October, maker Becton Dickinson said.
Nikola is treating the electric vehicle start-up’s founder, Trevor Milton, like they would any other shareholder after he resigned last week, executives said.
FAA administrator Steve Dickson, a former military and civilian pilot, tested out the 737 Max, Boeing’s beleaguered plane, grounded since March 2019.
Appalachian State tells students to ‘remain vigilant’ after student dies from coronavirus complications
Chad Dorrill, who died of complications from Covid-19, was attending classes online and living off-campus, Appalachian State University officials said.
The U.S. House of Representatives Oversight and Reform Committee is holding a hearing with current and former executives of three major drug companies on the high cost of prescription drugs in the U.S.
U.K. Prime Minister Boris Johnson on Wednesday called onÂ Britons to stick to the rules in order to avoid tougher coronavirus restrictions.
The NFL said eight new Covid-19 cases have been confirmed by the Titans.Â
With many families working and studying at home, œschoolcations are enticing travelers with promises of tutoring, round-the-clock tech help and after-school activities that are more fun than what’s available back home.
Stocks Suffer Worst September Since 2011 As Dollar & Election Doubt Soars Tyler Durden Wed, 09/30/2020 – 16:01
On the day, it was a story of stimulus hype, hope, nope, and rope-a-dope. Overnight weakness apparently suggested a Biden win, but then the buying panic was shrugged off as meaning the market liked Biden’s plan? Pelosi’s “hopeful” comments sparked early exuberance. Mnuchin meeting details added to the hype. And then McConnell told the truth late on that the two sides were “very very very far apart” and it all dumped…only to be ripped higher into the close!
London Court Hears Details Of CIA Plot To Poison Julian Assange, Steal DNA From Family Members Tyler Durden Wed, 09/30/2020 – 15:46
Now in its second week, Julian Assange’s extradition hearing at the Old Baily in London just heard explosive testimony based on previously reported revelations that the CIA had actively plotted to assassinate him, by either poisoning or via a kidnapping plot.
The testimony is part of the defense team’s attempt to frame the US extradition case as entirely political in nature, and not based on breaking US law, but also toward convincing the judge that the WikiLeaks founder would certainly face extreme and excessive punishment, which would be cause for Britain to block the extradition.
Though mainstream media has by and large ignored much of the bombshell testimony from the hearing since last week, this latest cloak-and-dagger type information detailing just how far US intelligence was willing to go is impossible to ignore.
Yale Prof Calls Trump’s COVID Plan, “A Lazy Man’s Ethnic Cleansing” Tyler Durden Wed, 09/30/2020 – 15:32
Authored by Taylor Hunt via Campus Reform,
A professor at Yale University made the claim that “#TrumpKilledAmericans” and that coronavirus is a “lazy man’s ethnic cleansing.”
Suspect Arrested In Ambush Shooting Of LA Cops Tyler Durden Wed, 09/30/2020 – 15:16
A man from Compton, California has been arrested and charged in the shooting of two Los Angeles Sheriff’s deputies in a September 12 ambush, according to a Wednesday announcement by authorities.
The Bank of England’s Andy Haldane says now is not the time for pessimism about the UK’s recovery.
The government’s decision to encourage people to work from home will hit its city-centre pubs.
Online grocery delivery firm’s stock market valuation beats Tesco’s as the Covid crisis continues.
Confident that Hathras trial will be fast: Irani”We had had discussions with the home minister and found a lot of support for breaking down the organised crime syndicate that is behind trafficking of women and children. This is a government that ensured legislative support for the death penalty to those who gangrape a child,” said Smriti Irani.
View: India’s democracy is in action once againDebate and peaceful protest is part of the process, even as it is often driven by narrow political interest. But farm sector bill is a welcome reform, and the ongoing protests could be a way to stall further badly needed reforms in the farm sector ” especially in the minimum support price (MSP) and procurement system.
View: Govt needs to reduce nonessential expensesOne way of doing this is by compressing pay ratios ” narrowing the salary gap between the median and highest-paid workers. This is a good time to demand a compression in the private sector and by central and state governments too.
The former vice president shouldn’t play it safe. He ought to argue Trump is a failed president.
Bond Report: Treasury yields rise as bond market sees rare selloff on stimulus hopes, positive economic data
U.S. Treasury yields rose Wednesday, breathing life back into the placid bond market as expectations for additional fiscal stimulus took hold.
You need to move to these countries first, of course, but you don’t have to trace your genealogy to qualify.
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