Month: October 2020
Investors are hoping for a clear presidential and Senate election outcome to end the sell-off
The best hope for markets in the week ahead is that there is a clear cut winner in Tuesday’s presidential election.
Oil falls on demand concerns, posts second monthly decline
U.S. West Texas Intermediate (WTI) crude fell 38 cents to settle at $35.79 a barrel, after dipping to its lowest since June on Thursday at …
Ant Group’s IPO sees record $3 trillion in retail demand
Ant’s dual listing is set to raise about $34.4 billion, split fairly evenly between Shanghai’s STAR Market and Hong Kong, topping Saudi Aramco’s $29.4 billion …
US polls, Europe lockdowns to keep markets choppy with negative bias
Markets have a habit of over-reacting to short-term events and, therefore, there is every likelihood that an intermediate peak will be formed once the Q2FY21 …
Fed lowers minimum loan level for small business lending program
The Fed said it is reducing the minimum loan size to $100,000 and will ease restrictions on the debt load for companies.
Meet the financial advisor ranked No. 1 two years in a row by CNBC
For two years in a row, Salem Investment Counselors has come in No. 1 on CNBC’s list of the top 100 financial advisors. CNBC spoke …
U.S. biodiesel production capacity declined slightly in 2019
According to the most recent data, annual U.S. biodiesel production capacity decreased by 2%, or 49 million gallons, between January 2019 and January 2020. As …
Decision: Extending protections for non-E7 restricted meter customers (SLC 22G: Requirements for restricted meters)
Our decision to extend protections for non-E7 restricted meter customers in line with the revised smart meter rollout framework.
Robin Hood Energy Limited: Final Order
On 28 October 2020 the Authority made a Final Order requiring Robin Hood Energy Supply Limited to pay its Renewables Obligations for 2019-2020 in full …
Ofgem issues three final orders for £15 million in unpaid Renewables Obligation and Feed-in Tariff payments
Ofgem has issued final orders to Nabuh Energy Limited, Robin Hood Energy Limited and Symbio Energy Limited for £15 million in unpaid Renewables Obligation and …
Japan Country Analysis Brief
(Fri, 30 Oct 2020) Japan is the world’s largest liquefied natural gas importer and ranks in the top five countries for the highest coal imports …
Economy’s initial comeback was strong but spreading virus, no stimulus raise doubts about recovery
Some economists see GDP reaching pre-pandemic levels in the spring, while others see it at the end of the year or later.
As Washington delays stimulus, the Fed is running out of ways to help the economy
While no Fed official would ever acknowledge that monetary policy ammunition is running low, there appear to be few weapons left in its arsenal.
SSE Renewables Wind Farms (UK) Limited- Notice of grant of an electricity generation licence
Notice of grant of an electricity generation licence.
Joint Statement of Intent to Cooperate – Ofgem and the EMA of Singapore
On 28 October 2020, The Energy Market Authority (EMA) of Singapore and the Gas and Electricity Markets Authority (GEMA) of the United Kingdom signed a …
What does it take to make money in a momentum-chasing, myopic market?
There is very less competition if you are looking to invest with a long-term perspective. Since a majority of investors are trying to outsmart each …
Utilita agrees to pay £500,000 for overcharging its customers
Utilita overcharged almost 40,000 of its prepayment customers by over £125,000.
Residential propane price decreases
The average retail price for propane is $1.80 per gallon, up 1.4 cents from last week’s price, and down 4.1 cents from a year ago, …
Residential heating oil price increases
The average retail price for home heating oil rose 8-tenths of a cent from last week to $2.16 per gallon. That’s down 81.4 cents from …
Gibson tanker report – Uncertain Future
Earlier this month the International Energy Agency (IEA) released Download PDF
Traders worry vaccine complacency is the new risk to the market
UBS’ Art Cashin believes the market may be far too complacent in believing that a highly effective vaccine is imminent.
Minutes of the Authority meeting- 30 September 2020
These are the minutes of the Gas and Electricity Markets Authority meeting on 30 September 2020.
These 12 entry-level jobs can be done remotely — and are hiring right now
Listings for jobs that can be done remotely have increased amid the coronavirus pandemic, according to job site Remote.co. Here’s a list of positions that …
European banks are set for a better earnings season as bad loan payouts stabilize
With European banks gearing up to report third-quarter earnings, analysts are expecting sharp reductions in loan loss provisions to drive a fragile stabilization.
Homebuilder sentiment sets another record high in October
The nation’s homebuilders are seeing no fall chill in demand from buyers, and that has the industry more confident than ever.
Euro Optimism Wanes Amid Rising Covid-19 Cases
Investor confidence that the euro will continue to strengthen against the dollar is waning as Europe combats rising Covid-19 cases.
EU hires banks to start breakthrough joint bond programme
Brussels poised to become one of biggest debt issuers in the eurozone
Op-ed: Climate change threatens U.S. banks far more than they’re disclosing
The U.S. banking sector, including the largest Wall Street firms, is far more vulnerable to the impacts of climate change than banks are letting on, …
Glitch Halts Trading on Major European Exchanges
A technical problem halted trading on exchanges owned by Euronext, hitting activity at one of the busiest times of the year for European stock markets.
Watch Fed Chair Jerome Powell speak live to the International Monetary Fund
Powell’s remarks are part of a session on “Cross-Border Payments and Digital Currencies.”
Op-ed: Here are year-end planning tips for employees getting equity compensation
If you’re an employee who receives equity compensation, you can’t ignore the importance of year-end financial planning to get the most out of that benefit.
ConocoPhillips to buy rival Concho in $9.7bn deal
Oil group set to rival Exxon in US shale patch after big gamble on post-pandemic recovery
Pound steady as investors shrug off warning of no EU-UK trade deal
Lack of sterling sensitivity displays Brexit fatigue
Stocks making the biggest moves in the premarket: Concho Resources, Halliburton, AstraZeneca & more
The stocks making the biggest moves in premarket trading include Concho Resources, Halliburton, AstraZeneca, and more.
ConocoPhillips to Buy Concho Resources in $9.7 Billion Stock Deal
ConocoPhillips is buying Concho Resources in an all-stock transaction valued at $9.7 billion, as the American shale-drilling industry is facing a downturn after a historic …
China’s Economy Is Almost Over Covid-19
Third-quarter growth slightly missed economists’ estimates of around 5.3%, but China’s economy still has good momentum under the hood.
One underdog sector is beating the market this month, but two traders stand divided on its prospects
S&P 500 utilities stocks are outperforming all other sectors over the past month, but two traders disagree over where the group will go next.
Acorns partners with ZipRecruiter to launch a job portal within the finance app
Acorns announced a partnership with online job market ZipRecruiter on Monday, which allows clients to browse and apply for jobs within the app.
IMF reveals 2021 forecasts for oil prices and the Middle East economy
The International Monetary Fund sees oil staying in the $40 to $50 range next year, and it downgraded its outlook for the Middle East economic …