Written by Gary
Stocks making the biggest moves premarket: Moderna, IHS Markit, Slack (SPY -0.3%). Cyber Monday sales could reach $13 billion.
Here is the current market situation from CNN Money | |
European markets are mixed today. The DAX is up 0.58% while the CAC 40 gains 0.56%. The FTSE 100 is off 0.06%. |
What Is Moving the Markets
Here are the headlines moving the markets. | |
Canada’s Oil Industry Will Be Indispensable For Decades To ComeCanadas oil industry has been among those hardest hit by the coronavirus pandemic. Already struggling with low oil prices brought about by transport capacity shortage, Canadian oil producers this year had to contend with the slump in demand that the pandemic caused and a strong political push towards more renewable energy. And yet, according to a new report, oil is set to remain Canadas main source of energy in 2050. Canadas fossil fuel consumption peaked last year, according to Canadas Energy Future 2020 report | |
The COVID-19 Pandemic Is Fueling A Record Decline In EmissionsLast week BloombergNEF (BNEF) published a new report that quantifies the impact of the Covid-19 pandemic on U.S. carbon dioxide emissions. The report estimates that 2020 emissions will be 9.2% lower than in 2019, reaching a level last seen in 1983. At that time, BNEF notes, the economy was 60% smaller than it is today. Although U.S. carbon dioxide emissions have been declining for a dozen years, BNEF estimates that this years decline will be the largest on record. Without the impact of Covid-19, the report estimates that emissions would | |
Five Energy Stocks To Buy Before ChristmasFor many people, the Christmas season is a time for celebrating, traveling, and spending time with friends and family. Understandably, not many will have time to draw up investment strategies when preoccupied with tinsel and turkey. Nevertheless, the holiday season can provide some impressive stock market returns, especially now that the energy sector–renewables and fossil fuels alike–are showing strong momentum. The U.S. oil and gas favorite benchmark Energy Select Sector SPDR Fund (XLE) has recorded an impressive rebound, climbing 37% in November | |
The Single Biggest Threat To Venezuela’s FutureIt was not too long ago that copious oil reserves such as the 303 billion barrels located in Venezuela, which are the worlds largest, were viewed as a tremendous economic benefit. That vast petroleum wealth, which quickly became Venezuelas economic engine, was responsible for shaping the Latin American countrys destiny. By the 1970s Venezuela was the wealthiest, most developed and politically stable country in Latin America. Even after the rapid decline of Venezuelas leviathan oil industry, economic collapse and near | |
The End Of The Century-Old Black Sea Drilling DreamThere is a long history of drilling for hydrocarbons in the Black Sea. After all, oil-rich Azerbaijan, and the Caspian region in general, was one of the first spots in the world to see mass-scale crude production. Yet one drilling campaign after another has brought poor results to the nations bordering the Black Sea: Turkey has failed to find any commercially viable deepwater field for more than 50 years (until its dubious 2020 discovery of a giant field), Russia has seemingly abandoned its Black Sea ambitions on the back of non-commercial discoveries, | |
Why Solar Stocks Could Be Set To Skyrocket In 2021With the elections done and dusted and Joe Biden firmly on the road to ascending to the Oval Office, the renewable energy sector is licking its chops at the prospects of better days under a much more supportive federal government. Unfortunately, the fate of a Biden green deal still hangs in the balance with two outstanding runoff races in Georgia. But that doesnt automatically mean that Bidens green ambitions are dead in the water. Even under a Republican-dominated Senate, Bidens government can still undertake several | |
Cyber Monday sales could reach $13 billion, testing everything retail learned during the pandemicCyber Monday is expected to be the largest digital sales day ever in the U.S., with spending reaching between $10.8 billion and $12.7 billion. | |
Moderna says new data shows Covid vaccine is more than 94% effective, plans to ask FDA for emergency clearance later MondayModerna is the second drugmaker to seek emergency use from the FDA after Pfizer applied for the same authorization on Nov. 20. | |
Fauci says Christmas and New Year’s restrictions will be necessary due to holiday coronavirus waveAs the U.S. heads into a difficult period of the pandemic, Fauci urged Americans to take virus mitigation steps “short of locking down.” | |
‘The Croods: A New Age’ tallies highest box office opening since the pandemic began“The Croods: A New Age” stunned at the box office this weekend, hauling in the biggest opening of any film released during the pandemic. | |
Black Friday shopping in stores craters 52% during pandemic as e-commerce sales surgeTraffic at stores on Black Friday fell by 52.1% compared with last year, according to preliminary data from Sensormatic Solutions, as consumers opted for shopping online. | |
Holiday gift-givers want their money to matter. Companies, large and small, are taking notice.Many shoppers want their money to matter in a year when a pandemic has battered small businesses and a harsh light has been shined on racial inequities. | |
Black Friday 2020 online shopping surges 22% to record $9 billion, Adobe saysConsumers spent $9 billion on the web the day after Thanksgiving, up 21.6% year over year, according to Adobe. | |
Op-ed: Here’s why women’s money decisions will shape the future for the U.S.Women will control around $30 trillion by the end of the decade, and financial services firms must commit and adapt to find ways to better meet their needs. | |
Stocks making the biggest moves premarket: Moderna, IHS Markit, Slack & moreSome of the stocks posting the largest moves before the bell include Moderna, IHS Markit, Slack, and more. | |
How autonomous robots are changing constructionThere’s a lot of buzz around self-driving cars, but autonomous driving technology could revolutionize a different industry first ” construction. | |
5 things to know before the stock market opens MondayThe Dow, while set to open lower Monday, remained poised for its best month since January 1987. | |
China’s vaccines may have ‘appeal’ in developing countries, economist saysDeveloping countries may have a long wait for a vaccine developed in the West, but there’s always the option of turning to China , says an economist from DBS. | |
Photos reveal how much flying has changed since its ‘Golden Age’Since the œGolden Age of Travel, economy seats have gotten smaller, but other aspects of air travel have improved for passengers. | |
OPEC Meeting Begins: Full Preview Of What To ExpectOPEC Meeting Begins: Full Preview Of What To Expect Tyler Durden Mon, 11/30/2020 – 08:24 Submitted by NewsSquawk OPEC and OPEC+ producers will meet November 30th and December 1st respectively, with Monday’s meeting scheduled at 13:00GMT/08:00EST Over the weekend, OPEC+ failed to agree on a delay to output hikes, with UAE and Kazakhstan reportedly opposing extensions Market expectations are still leaning towards current cuts being extended following Sunday’s meeting Some sources suggested a 2-3 month extension, others three and the most recent 3-4 months, with some officials not on board with the full “plan” OPEC+ failure to extend could trigger an oil price decline, whilst œbuy the rumour, sell the fact play cannot be dismissed OVERVIEW: OPEC and OPEC+ producers are meeting November 30th and December 1st respectively, to discuss and draft a potential tweak to the current Declaration of Cooperation (DoC), rolled out in light of the pandemic to recalibrate the demand /supply imbalance. Monday’s meeting is slated for 13:00GMT, subject to delays. The current DoC is split into three phases:
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Nikola Shares Pump’n’Dump As GM Steps Away From Equity Stake, BadgerNikola Shares Pump’n’Dump As GM Steps Away From Equity Stake, Badger Tyler Durden Mon, 11/30/2020 – 08:17 Update (0820ET): The initial kneejerk squeeze 40% higher in the pre-market has been entirely erased as ‘humans’ read the MOU and realized this is anything but a positive step forward for the NKLA/GM relationship on the day when Trevor Milton’s lock-up expires. | |
Trump Expands China Crackdown, Adds China’s Top Chipmaker And Oil Producer To Defense BlacklistTrump Expands China Crackdown, Adds China’s Top Chipmaker And Oil Producer To Defense Blacklist Tyler Durden Mon, 11/30/2020 – 08:10 In hopes of making a renormalization in relations with Beijing next to impossible for Joe Biden, the Trump administration is poised to add China’s top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, Reuters reported citing a document and sources, curbing their access to U.S. investors and escalating tensions with Beijing. The latest crackdown comes after a report from Reuters earlier this month that the Department of Defense (DOD) was planning to designate four more Chinese companies as owned or controlled by the Chinese military, bringing the number of Chinese companies affected to 35. A recent executive order issued by President Donald Trump would prevent U.S. investors from buying securities of the listed firms starting late next year. It was not immediately clear when the new tranche, would be published in the Federal Register. But the list comprises China Construction Technology Co Ltd and China International Engineering Consulting Corp, in addition to Semiconductor Manufacturing Inte … | |
Futures, Global Stocks Dip On Last Day Of Record Month For MarketsFutures, Global Stocks Dip On Last Day Of Record Month For Markets Tyler Durden Mon, 11/30/2020 – 07:55 US equity futures and world shares paused on Monday, dropping modestly on the back of weakness in oil and energy stocks even as they were set to finish a record-breaking month sparked by major progress toward a coronavirus vaccine and yet more free money from central banks. | |
Topshop owner Arcadia faces collapse within hoursThe group’s collapse, which also includes Burton and Dorothy Perkins, would put 13,000 jobs at risk. | |
Asda’s billionaire brothers make a bid for Caffè NeroThe Issa brothers have offered to buy the chain, which is struggling to pay its rents. | |
Covid: Shops in England can open 24 hours a day over ChristmasLocal authorities in England will be allowed to temporarily waive rules restricting retail opening hours. | |
How India’s growth-inflation dynamics have turned wobblyOwing to the global deluge of capital flows along with the likelihood of Covid-19 vaccine being designed, the equity market continued to show a buoyant trend. | |
More than 100 Indian cos set to list abroad: Grant Thornton BharatHealthcare, pharma, tech and biotech will be among the early drivers of overseas listing. Around 40 companies are currently listed overseas in various exchanges abroad, said industry experts. | |
Burger King India IPO: A delicious treat for investors?Given the company’s faster growth and lower valuation compared with the listed peers, investors willing to benefit from the country’s long term consumption growth may consider the IPO. | |
Market Extra: 3 ETFs for the reopening tradeHere are three exchange-traded funds that will help investors take advantage of a rush back to travel and leisure stocks that have been left behind in the COVID-19 pandemic of 2020. | |
In One Chart: This chart shows how ‘The Big Three’ may soon be twoThe longstanding triumvirate of the ETF asset management industry, Vanguard, BlackRock, and State Street Global Advisors, may be set to become a dynamic duo instead as the industry grows and evolves. | |
Bond Report: U.S. Treasury yields inch higher as vaccine progress draws focusU.S. Treasury yields are trading higher on early Monday’s trade as investors eyed progress toward distribution of a viable vaccine against COVID-19. |
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