Monthly Archives سپتامبر 2020

Stocks making the biggest moves in the premarket: Accenture, Darden Restaurants, BlackBerry & more

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Take a look at some of the biggest movers in the premarket:

Accenture (ACN) – The consulting firm reported quarterly profit of $1.70 per share, falling 3 cents a share short of Wall Street forecasts. Revenue also came in slightly shy of estimates and the company gave a weaker-than-expected current-quarter revenue forecast, as clients spend less due to the Covid-19 pandemic.

E.W. Scripps (SSP) – Scripps announced a deal buy privately held TV network operator ION Media for $2.65 billion. The deal is being backed by Warren Buffett’s Berkshire Hathaway (BRK.B), with Berkshire making a $600 million preferred equity investment in Scripps to help finance the purchase.

BlackBerry (BB) – The software company beat estimates by 9 cents a share, with quarterly earnings of 11 cents per share...

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Judge orders Eric Trump to testify before election in New York attorney general probe of President Trump’s company

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Eric Trump speaks in Portsmouth, NH on Sept. 17, 2020. Eric Trump, son of President Donald Trump, makes a stop in Portsmouth during one stop on his ‘Make America Great Again!’ tour.
Erin Clark | Boston Globe | Getty Images

Eric Trump must testify in response to a subpoena from the New York Attorney General’s office before the presidential election as part of an investigation into whether President Donald Trump’s company improperly valued real estate assets in official statements, a judge ordered Wednesday.

Eric Trump, who is the president’s middle son and a top executive in the Trump Organization, must testify no later than Oct...

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CDC director says more than 90% of Americans remain susceptible to the coronavirus

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A majority of the U.S. remains susceptible to a coronavirus infection, Dr. Robert Redfield, director of the Centers for Disease Control and Prevention, told lawmakers Wednesday.

Covid-19 has spread across America at varying rates since it crossed U.S. shores in January, infecting as much as 15% to 20% of the population in some states and less than 1% in others, he said. One state said almost a quarter of its residents have had the coronavirus sometime this year, he added.

He said the CDC is in the process of a “very large” study that seeks to more precisely determine how widely the virus has spread across the country. 

The rate of infection is important because epidemiologists think infection generally conveys some immunity against the virus for at least a few months.

“The preliminary...

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Watch live — Fed’s Neel Kashkari speaks at Harvard on coronavirus and the economy

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Neel Kashkari, president and chief executive officer of the Federal Reserve Bank of Minneapolis.
Andrew Harrer | Bloomberg | Getty Images

[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.]

Federal Reserve Bank of Minneapolis President Neel Kashkari is scheduled to speak at a public health forum Wednesday hosted by  the Harvard T.H. Chan School of Public Health.

Kashkari will be joined by Michelle Williams, Dean of the Faculty at Harvard T.H. Chan School of Public Health, David Williams, Professor of Public Health and Chair of the Department of Social and Behavioral Sciences as well as Margaret Hamburg, Foreign Secretary at National Academy of Medicine and former commissioner of the U.S...

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Treasury yields fall with coronavirus, Fed testimony; jobless claims in focus

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U.S. government debt prices were higher Thursday morning following another tech-driven sell-off on Wall Street, while concerns for the global economic recovery amid mounting coronavirus cases continued to weigh on sentiment.

At around 2:10 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6692% and the yield on the 30-year Treasury bond slid to 1.4077%. Yields move inversely to prices.

Treasurys

Wednesday saw another plunge for risk assets, with the Dow closing more than 500 points lower as tech stocks tumbled once again, with investors also spooked by uncertainty around the resurgence in coronavirus cases and prospects of further federal stimulus measures.

Federal Reserve policymakers on Wednesday vowed to keep interest rates near zero and re...

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The U.S. says it won’t ‘reward’ an enemy, as it ups pressure on Iran

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Iranian flags seen on the streets of Tehran.
Fatemeh Bahrami | Anadolu Agency | Getty Images

SINGAPORE — The U.S. policy in the Middle East is to reward allies and not enemies, a spokeswoman of the U.S. State Department said, as Washington sought to increase pressure on Iran to give up its nuclear program.  

“We have embarked on a policy in this administration, to reward and to embolden the Gulf Arab, our allies … to embolden Israel, and to not reward an enemy,” spokeswoman Morgan Ortagus told CNBC’s Hadley Gamble on Wednesday.

President Donald Trump’s administration upped the pressure on Iran in the last few days.

Washington on Saturday unilaterally restored United Nations’ sanctions on Tehran — a process questioned by other members of the U.N. Security Council. The U.S...

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U.S. State Department on Iran policy: We don’t want to ‘reward an enemy’

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Iranian flags seen on the streets of Tehran.
Fatemeh Bahrami | Anadolu Agency | Getty Images

SINGAPORE — The U.S. policy in the Middle East is to reward allies and not enemies, a spokeswoman of the U.S. State Department said, as Washington sought to increase pressure on Iran to give up its nuclear program.  

“We have embarked on a policy in this administration, to reward and to embolden the Gulf Arab, our allies … to embolden Israel, and to not reward an enemy,” spokeswoman Morgan Ortagus told CNBC’s Hadley Gamble on Wednesday.

President Donald Trump’s administration upped the pressure on Iran in the last few days.

Washington on Saturday unilaterally restored United Nations’ sanctions on Tehran — a process questioned by other members of the U.N. Security Council. The U.S...

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GoodRx closes up 53% in market debut

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Shares of GoodRx, a company that finds users prescription drugs at a discount, closed up 53% in its public debut Wednesday on the Nasdaq. 

The stock closed at $50.50 per share, up from its IPO price of $33 per share, boosting its market cap to about $19.4 billion. Shares trade under the symbol “GDRX” on the NASDAQ.

Founded in 2011 by Facebook veteran Doug Hirsch and software entrepreneur Trevor Bezdek, GoodRx offers users a free list of discount cards and coupons to cut down costs of their prescription medication. The company collects fees from the pharmacy benefits managers it works with.

It’s the latest tech company to go public in a busy month for IPOs, following Snowflake, Unity and Amwell. Data analytics company Palantir is expected to go public in a direct listing on Sept. 30...

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Tesla sues U.S. government to overturn Trump administration tariffs on China

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Tesla is suing the U.S. government and U.S. Trade Representative Robert Lighthizer over the Trump administration’s tariffs on items Tesla imports from China.

The electric-car maker wants the court to declare two batches of Trump administration tariffs to be void, and refund Tesla the tariffs it paid with interest, according to the lawsuit filed in the U.S. Court of International Trade.

The specific tariffs at issue are known as List 3 and List 4. List 3 went into effect on 2018 and currently places 25% duties on $200 billion of imported goods from China. List 4 went into effect in 2019 and currently consists of a 7.5% tariff on $120 billion of Chinese imports. Both lists contain hundreds of very specific items, ranging from raw materials to electronic components...

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Grand jury indicts former Louisville cop Brett Hankison in Breonna Taylor raid, but no charges related to her shooting death

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A grand jury on Wednesday indicted a former Louisville, Kentucky, cop, Sgt. Brett Hankison, on wanton endangerment charges connected to the police raid that led to the killing of Breonna Taylor — but he was not charged with any crimes related to her death.

Hankison, who fired 10 shots during the raid only was charged for having fired shots that ended up in a neighboring apartment to Taylor’s home, not into her residence itself.

Two other cops involved in the raid on Taylor’s home, Officer Myles Cosgrove and Sgt. Jonathan Mattingly, were not criminally charged by the grand jury. 

An attorney for the Black woman’s family, Ben Crump, condemned the lack of criminal charges related to Taylor’s death.

“Jefferson County Grand Jury indicts former ofc...

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