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    WEST LOOP — The coronavirus pandemic’s negative impact on Chicago’s struggling hotel industry hasn’t dissuaded a team of developers from eyeing a 14-story hotel to replace the Fulton Market Kitchen restaurant at 311 N. Sangamon St.  If approved, the proposal from Chicago-based Marc Realty and investor Relu Stan would bring another 296 guest rooms to the heart of the Fulton Market District, according to a recent zoning application filed with the city. The plan also includes 6,000 square feet of retail space, office space, and no on-site parking. In addition to replacing the restaurant with a slender 149-foot tower, the proposed development would preserve and incorporate an adjacent four-story building at 310 N. Peoria St., which was built in 1893 for the Wolf, Sayer & Heller meatpacking and butcher supply company.  The vacant landmark was included in an earlier 2017 rezoning proposal from the same developers to add a fifth...
    Parents outraged after NYC schools close due to rise in coronavirus infections Iconic Arecibo telescope will be decommissioned 16 Best Stocks in the Stock Market Thursday: Roku Rises Stocks are mixed in trading on Thursday as Covid-19 infection rates rise across the U.S. and families prepare for what Thanksgiving will look like as cities and states © TheStreet 16 Best Stocks in the Stock Market Thursday: Roku Rises Here are the best stocks in the stock market Thursday by their performance in percentage change at the close of trading on Nov. 19. The stocks selected must be a greater than $20 share price. Load Error 1. Sonos INC SONO | Increased +29.84% Sonos shares jumped on Thursday after the maker of smart speakers and other audio equipment reported strong fiscal-fourth-quarter earnings that beat analyst estimates. 2. Bilibili Inc BILI | Increased +22.17% Bilibili reported earnings...
    Virus updates: Oxford vaccine shows promise Dictators must be resisted Popstar Bobi Wine says to Ugandans Short-seller Jim Chanos sounded the alarm on day traders, corporate fraud, and gig-economy companies in a recent interview. Here are the 12 best quotes © David Orrell/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images David Orrell/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images Leading short-seller Jim Chanos issued warnings about day trading, corporate fraud, and both ride-hailing and food-delivery companies in a RealVision interview this week. The president of Kynikos Associates, who successfully shorted Enron nearly 20 years ago, also discussed Wirecard and IBM. Scroll down to read his 12 best quotes from the interview. Visit Business Insider's homepage for more stories. Veteran short-seller Jim Chanos sounded the alarm on day trading, fraud, and gig-economy companies in a RealVision interview published this week and filmed on November 11. Load Error The president of Kynikos Associates — who famously...
    Second overall pick Quinton Byfield wont return to Kings until World Junior tourney ends Gifts for night owls of every persuasion 10 Best Performing Stocks in the Stock Market Thursday Stocks are mixed in trading on Thursday as Covid-19 infection rates rise across the U.S. and families prepare for what Thanksgiving will look like as cities and states © TheStreet 10 Best Performing Stocks in the Stock Market Thursday Here are the best stocks in the stock market Thursday by their performance in percentage change during trading on Nov. 19. The stocks selected must be a greater than $20 share price. Load Error 1. Sonos INC SONO | Increased +25.57% Sonos shares jumped on Thursday after the maker of smart speakers and other audio equipment reported strong fiscal-fourth-quarter earnings that beat analyst estimates. 2. Bilibili Inc BILI | Increased +20.17% Bilibili reported earnings Thursday with...
    By Anna Rzhevkina and Alexander Marrow GDANSK/MOSCOW (Reuters) - The coronavirus crisis has helped fuel a surge in online shopping in Russia that has put even the remote icy expanse of Chukotka on the e-commerce map. The windswept region in Russia's far east, where winter temperatures can fall below minus 50 degrees Celsius (-58F), has started to boom for online retailers since the pandemic started keeping consumers at home. It's a trend playing out across Russia, spurring explosive growth for online retailers. Traditionally unable to make speedy deliveries in the world's largest country, where roads become clogged with ice and snow for months, they have invested heavily in logistics centres and delivery points. With foreign players largely absent, Russian companies are cashing in as online shopping surges. "It's very convenient," said Alina Lunina, an English language teacher from the city of Samara who now buys clothes, books, make-up and sometimes...
    Billionaire entrepreneur Elon Musk is poised to become the third-richest person in the world, passing up Mark Zuckerberg, after his electric car company Tesla was selected to join the S&P 500. Tesla’s value soared in after-hour trading on Monday with stocks that closed at $408.09 surging about 14 percent by 6pm. Tesla will enter the S&P 500, a stock market index that measures the performance of 500 large companies listed on the US stock exchange, on December 21 after it failed to make the cut back in September.   The news led Musk’s net worth to swell by more than $15billion in extended trading, lifting his fortune to $117.5billion, according to Bloomberg. As of Monday's close Musk was listed as the fourth richest person in the world behind Facebook's Zuckerberg, who follows behind Microsoft’s Bill Gates and Amazon’s Jeff Bezos on Bloomberg's Billionaire Index. Billionaire entrepreneur Elon Musk, 49, is...
    States are seizing a growing number of cryptocurrencies in criminal cases. With its new program, the blockchain company Chainalysis wants to help these players monetize these seized assets. 69,370 bitcoins is the jackpot now in the hands of American justice. This treasure is the result of a record seizure recently made by the country’s authorities. These cryptocurrencies were owned by Silk Road, a now dismantled dark web marketplace. What to do with all this Bitcoin now? The DoJ regularly auctions confiscated crypto. This is not the only one, however. So much so that the management of these assets now represents a real market in itself. Tools to store and resell crypto-currencies And blockchain analysis specialist Chainalysis intends to make it a source of income. In this context, the company announces the launch of its asset realization program. This is intended for government agencies and insolvency...
    VIDEO5:3105:31These are the retail earnings to watch ahead of busy week of releasesTrading Nation Earnings season turns its focus to retail this week. Dow stocks Home Depot and Walmart join Lowe's, Macy's and Kohl's with reports out in the next few days. Those releases will shine a light on consumer spending during the pandemic. "If you look at the places where [consumers] are spending money, we would put those into two big themes — cheap and easy. So, things that are lower cost because consumers are very concerned about spending right now, and things that can be easily delivered to them without them having to go out to stores," Gina Sanchez, CEO of Chantico Global and chief market strategist for Lido Advisors, told CNBC's "Trading Nation" on Monday. E-commerce sales have soared during the pandemic. Online spending increased by nearly 32% in the second quarter from the first three months...
    California Tightens Curbs; Cases Rise in 50 States: Virus Update This rebel lawmaker preserved Nebraska’s unique electoral system The Dow just clinched its fastest bear-market recovery in 30 years © Dow Jones Market Data MARKET EXTRA Load Error On Monday, the Dow finished firmly above its Feb. 12 closing high at 29, 551.41. At 193 trading days, it is the fastest bounceback from a fall of at least 20% from a recent peak — a widely accepted definition of a bear market — since April 17, 1991. That’s when the Dow took 191 trading days to recover from a bear-market drop. This recent run is a comparatively breakneck rebound for the blue-chip index, with the average recovery from a bear market to a fresh all-time high for the Dow, on average, spanning 1,483 trading days. The prospective record for the Dow, however, comes weeks after its rival...
    Buying a house is a big deal – but the latest numbers show it’s even a bigger deal this year. On average, prices are going up across the country, including here in San Antonio. While mortgage rates remain at record lows, home prices are rising across the country. The nation’s median existing single-family home price climbed to $313,500 in the third quarter of this fiscal year. For context, that is up 12% from a year ago. At that price, a family would need to pay $1,059 for a monthly mortgage payment and would need to earn $50,819 a year to afford it. The troubling part is that home prices grew four times as fast as median family income, which increased at a rate of 3%. The median sale prices of existing single-family homes rose from a year ago in all 181 metro areas measured in the national association of realtors...
    U.S. hits 11 million Covid-19 cases Syrias foreign minister Walid Muallem dies Chinas factory activity and retail sales grew by the most in 10 months in October, as the worlds second biggest economy leaves COVID-19 behind © Feature China/Barcroft Media via Getty Factory workers wearing surgical masks in Jinjiang, China assemble toy cars for export on March 4, 2020. Feature China/Barcroft Media via Getty Chinese industrial production grew by 6.9% in October, compared to the same month last year, marking the largest increase so far this year. Retail sales rose by 4.3% year-on-year in October, falling short of market expectations for a reading of 4.9%, but this was above September's 3.3% gain and was the largest increase since last December. "Today's latest economic data from China was also welcomed as further evidence that the Chinese economy is continuing its slow recovery from its February lockdown malaise," Michael Hewson,...
    If we think of smartphone brands of Chinese origin, it is likely that the Western public will immediately think of Huawei and Xiaomi, since these two manufacturers are the most successful in these territories. However, the list of successful companies from that country goes beyond the two mentioned names. One of the most prominent within this unknown group in the West is Vivo, which for several quarters has been part of the top 5 smartphone brands worldwide – according to data from the IDC consultancy. On the European continent we have heard about some of its most extravagant products – such as the Apex 2020, one of the first mobiles without ports or buttons – but it was not until this second half of 2020 that the brand decided to fully disembark in this market in which many of his compatriots have made an important niche...
    Path to the draft: James Wiseman could be just what the Warriors need This 2-Product ‘Lotion Sandwich’ Is the Recipe for Quenching Dry Winter Skin Im a 36-year-old luxury real estate agent in Park City, Utah, where the market is sizzling and were seeing a huge influx of Silicon Valley workers © Liza Story Liza Story is a Park City, Utah, native and has been working in real estate since 2009. Liza Story Liza Story is a 36-year-old realtor in Park City, Utah — a 40-minute drive from Salt Lake City — where the real estate market is hot. During the pandemic, she's noticed a barrage of buyers fleeing California to escape wildfires and city lockdowns; people who can now do their jobs from anywhere want to live in the mountains.  Park City is an easy sell, given its beautiful location, small-town vibe, and luxury ski resort amenities....
    Judge rules against challengers in Detroit vote counting case Trump to make first public remarks in a week Tug of war between value and growth stocks may drive the market again in the week ahead The stock market is expected to continue to feel the push-pull of investors seeking opportunities among big tech and growth, or stay-at-home stocks and the cyclical companies that should rebound with the economy once a vaccine is distributed. Big retailers Walmart, Home Depot and Lowe's report earnings in the week ahead. There is some important data including October retail sales and existing home sales. © Provided by CNBC Traders work the floor of the New York Stock Exchange. The stock market is caught between the rapidly spreading virus and the promise of a vaccine. Load Error That is likely to drive trading in the week ahead, as it did in the...
    An exterior shot of the castle. Courtesy of Patrice Besse A castle in France called the Château de Verteuil is on the market with a $3.3 million asking price, per the Paris-based real-estate agency Patrice Besse.  The castle dates back to the 11th century and survived the French Revolution. Home to the same French noble family for about a millennium, the Château de Verteuil sits on nearly 100 acres of land and has 14 bedrooms, multiple chapels, lounges, and a library that can fit 1,000 books. At one time, the castle housed the "Unicorn Tapestries," a celebrated piece of medieval artwork currently displayed at the Met Cloisters in Manhattan. Visit Insider's homepage for more stories. A literal castle is on the market in France, and it can be yours for a mere $3.3 million. The massive property once belonged to the Rochefoucauld family, according to luxury real-estate...
    New York (CNN Business)It's an amazing time to be a mortgage lender. The pandemic has set off an epic rush to buy homes and an urgent need for mortgages. Rocket Companies, the newly-public mortgage giant formerly known as Quicken Loans, reported a staggering 506% spike in third-quarter profit this week. The amount of mortgages Rocked issued more than doubled to a record $89 billion.Even Rocket CEO Jay Farner, a 25-year veteran of the mortgage industry, is taken aback by the pandemic-fueled boom."I've never seen it like this," Farner told CNN Business. Looking to buy a home? Itll cost you a lot more than a year agoAlthough Americans have long viewed home ownership as an investment, the health crisis has forced many people to spend more time at home, and that may be impacting how they asses the overall value of that investment.Read More"The home is not only the place we...
    Special Report: Terence Crawfords pound-for-pound problem The 13 Under-$15 Shampoos Stylists Admit to Using at Home Seniors On Medicare Are Getting a Big Pay Day in 2020 Ad Microsoft Expert: “This credit card is so good I signed up personally” Ad Microsoft The 23 Hottest Gifts of 2020 Ad Microsoft ...
    VIDEO1:1001:10How vaccine hopes could fuel a major market risk: EconomistTrading Nation The market's relief rally does not come without risk, according to one top economist. This week's surge in the U.S. stock market may have been fueled by word of a 90% effective Covid-19 vaccine, but investors shouldn't get too comfortable rallying on optimism just yet, Michael Darda, chief economist and macro strategist at MKM Partners, told CNBC's "Trading Nation" on Wednesday. "In the near term, the risk is obviously this surge in infections, ... being led by the Midwest and the West," he said. "The vaccine is not going to be here overnight. It's going to take time to roll it out, to get it distributed and disseminated. And so, in the interim, if we let our guard down, we could have some problems, even potentially prompting partial closures again." While the pace of the economic recovery has exceeded...
    Veterans Day 2020: Deals and free meals for veterans Puerto Rico finds uncounted ballots in vault week after election Gold ends lower as rise in the dollar and stock market dulls the metals appeal © Marketwatch MARKET PULSE Video: BOE's £150B QE Boost Bigger Than Expected (QuickTake) BOEs £150B QE Boost Bigger Than Expected QuickTake See more videos SHARE SHARE TWEET SHARE EMAIL What to watch next How you can save $1 million for retirement USA TODAY How much the most populous states pay mail carriers GOBankingRates Creepy ways your company can spy on you while you work from home Veuer Major companies suspend social media advertising over online hate speech CBS News Women and retirement planning Money Talks News This bookshop survived earthquakes and recessions. But not this CNN Money Jim Cramer on Chesapeake...
    Drew Angerer/Getty Images BuzzFeed has just launched a sex toy, in their signature bright red color, as part of their ongoing partnership with popular “porn for women” website Bellesa. Bellesa’s CEO Michelle Shnaidman has already projected that BuzzFeed’s vibrator will be their most popular product to date, and it is the first product the company is creating with a publisher. The “BuzzFeed AirVibe,” which is available on the Bellesa boutique website, is marketed as their “most innovative toy yet,” and as a “labor of love, and a feat in pleasure product engineering that completely reinvents the sex toy.” BuzzFeed’s Senior Vice President of Commerce Nilla Ali told Digiday that sex toy sales were up nearly 600 percent this April compared to 2019 — noting that pushing sex toy content on its owned-and-operated platforms is “an effective tactic given the scale of our audience.” BuzzFeed has additionally had over 150 million views on posts...
    By Richa Naidu and Philip Blenkinsop CHICAGO/BRUSSELS (Reuters) - Having missed out on the hottest new alcohol trend in the United States, Anheuser-Busch InBev reckons it can still overhaul rivals by ramping up innovation, marketing and harnessing its top brand, Bud Light. White Claw and Boston Beer Company's Truly have built strong leads in the U.S. market for hard seltzers - sparkling water with alcohol and flavouring. But AB InBev is growing fast since launching Bud Light Seltzer at the start of the year, and the world's largest brewer believes it can become U.S. market leader over time, by growing at twice the industry average. "The winners are not necessarily those that get there first, but the winners are the ones that manage to scale up their initiatives better and bigger," U.S. chief marketing officer Marcel Marcondes told Reuters in an interview. He drew a parallel with light...
    Who won the Masters the year you were born? Gifts for fans of The Great British Bake Off 10 Biggest Losers in the Stock Market From Monday The stock market is soaring Monday after Pfizer announced a 90% success rate of their coronavirus trial. Unfortunately, this news also had a negative impact on stay-at-home stocks. © TheStreet 10 Biggest Losers in the Stock Market From Monday Here are the worst stocks by percentage decrease during trading Monday. Load Error 1. Biogen Inc. | -28.17% | Price $236.26 Shares of Biogen plunged on Monday after a Food and Drug Administration advisory panel voted against approving the company's highly anticipated experimental Alzheimer's disease drug. 2. Quidel Cp | -28.15% | Price $203.66 Jim Cramer said on Thursday to his Mad Money viewers that Quidel is among the smaller testing providers and is a wild trader, but could be...
    Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020.NYSE Markets around the world have rallied in response to news that a coronavirus vaccine from U.S. pharmaceutical giant Pfizer and German biotech firm BioNTech was 90% effective in preventing Covid-19 among those without evidence of prior infection. The S&P 500 outpaced the Nasdaq substantially during Monday's trade and this trend looks set to continue ahead of Tuesday's Wall Street open. Tech stocks in Europe dropped on Tuesday while banks surged, reinforcing analysts' belief that markets are seeing the beginnings of a rotation from growth to value stocks. Suni Harford, president of UBS Asset Management, told CNBC on Monday that 2021 was always going to be a pivotal year amid uncertainty over the international resurgence of the virus and the prospects for fiscal stimulus stateside, but following the latest vaccine news, "this changes everything." "Long-term the...
    2 newborn babies found dead, wrapped in paper in New York City Everyday items that didnt exist a decade ago After a 9% gain in 6 days, the stock market is nearing overbought territory, some traders say Is it time for a reconsideration of this monster rally?  © Provided by CNBC Traders talk outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 9, 2020. With the S&P 500 up 9% in six trading sessions to an all-time intraday high (though not a closing high), many are looking at parts of the market as overbought. Others agree, but say it doesn't matter in this strange mix of election and vaccine news. Who's right? Load Error It depends. On the bullish side, the technical guys are all enthusiastic. Even before the vaccine news, Lowry Research, the oldest technical analysis service in the United States, opined that...
    The waterfall. The Perfect Spot A Kansas home with seven bedrooms and a waterfall is on the market for $10.9 million. KCTV, a local news outlet, called it "the most expensive home" in the state. On top of its water park-like amenities, the home, nicknamed "Spirit of Avalon," also has a wine cellar, a two-story library, and a recreation room with a projection screen. Visit Insider's homepage for more stories. The most expensive house in Kansas is on the market for $10.9 million, local news outlet KCTV reports. The sprawling estate, located on 17,000 square feet in the Greater Kansas City area, is known as "The Spirit of Avalon." The pricey home is spacious, with seven bedroom ad seven bathrooms. It's also filled with luxe amenities, including a commercial-grade kitchen, a library, and a 4-car attached garage. But what really sets the home apart are its more unique...
    Report: Former GM Jeff Luhnow files $22 million lawsuit against Astros 8 Signs It’s Time to Take Your Cat to the Vet 10 Biggest Losers in the Stock Market Monday The stock market is soaring Monday after Pfizer announced a 90% success rate of their coronavirus trial. Unfortunately, this news also had a negative impact on stay-at-home stocks. © TheStreet 10 Biggest Losers in the Stock Market Monday Here are the worst stocks by percentage decrease during trading Monday. Load Error 1. Quidel Cp | -32.86% | Price $190.32 Jim Cramer said on Thursday to his Mad Money viewers that Quidel is among the smaller testing providers and is a wild trader, but could be considered once the stock calms down. 2. Biogen Inc. | -29.38% | Price $232.26 Shares of Biogen plunged on Monday after a Food and Drug Administration advisory panel voted against...
    TikTok : Walmart joins Microsoft to buy TikTok 1:26 (. Business) – Walmart is a 58-year-old American company known for large stores that sell everyday items, casual clothing, groceries, and televisions. TikTok is a Chinese-owned app that in just a few years has wowed hundreds of millions of teens with its entertaining dance videos, lip-syncing performances, and comedy routines. At first glance, the two couldn’t be more different. That’s why Walmart’s announcement that it would join Microsoft in its bid to buy TikTok’s US operations came as a surprise to many. But analysts who have seen the meteoric rise of social media commerce in China, a mix of social media activity and frenzied online shopping, say Walmart’s interest in TikTok makes perfect sense. The Chinese version of TikTok, known as Douyin, is one of several apps in the country that have taken advantage...
    2020 Masters Tournament odds, predictions and PGA Tour best bets 12 Clever Waze Features You’re Probably Not Using The results are in: The stock market likes Joe Biden In the first market reaction to Joe Biden being projected as the next US president, US stock futures were up on Sunday. © Mark Lennihan/AP A street sign for Wall Street is seen outside the New York Stock Exchange, Thursday, Nov. 5, 2020. U.S. futures and world shares have surged as investors await the outcome of the U.S. presidential election and embrace the upside of more gridlock in Washington. (AP Photo/Mark Lennihan) Dow futures were up 142 points, or 0.5%. S&P 500 futures were up about 0.5% and Nasdaq futures were up 0.6%. Stocks ended mostly unchanged on Friday. The Dow slipped 67 points, or 0.2%. The S&P 500 and the Nasdaq were flat. Wall Street has been...
    The launch of Microsoft’s Xbox Series X and Series S is just a couple of days away. Players from around the world can access the new console, as Microsoft has opted for a worldwide release for the first time. The PlayStation, however, will roll out in select countries on November 12 and a week after for the rest of the world. This gives Microsoft a chance to perhaps create a niche for itself even before PS5 establishes its presence in the market. Recent reports suggest another intriguing piece of news. Microsoft has reportedly contacted several Japanese developers to expand its horizon in one of Asia’s biggest video game markets. Several developers, both big and small, have reported that Microsoft contacted them, but nothing has materialized yet. Microsoft is challenging Sony with a new strategy accompanying the Xbox Several devs have reported that Microsoft approached them about buying their businesses. There is...
    TORONTO were no better than other Super League sides when it comes to bringing in off-field income. And the highest forecast TV revenue would still have been SEVEN TIMES smaller than that of what rugby union pockets from rights in Canada. 5 Sonny Bill Wiulliams' Toronto Wolfpack side was voted out of Super League after a damning off-field commercial report Prospective owner Carlo LiVolsi took their first submission to stay in Super League off the table himself after seeing it as it was ‘sub-standard.’ But sources have told SunSport the second, which saw them voted out of the top flight, had no marked differences, other than input from a firm of accountants. Projected income figures were based on a male grooming range that has not even been launched yet and after spending 2021 in England, would have required playing for two straight seasons in front of complete sell-out crowds, with...
    Billionaire investor Leon Cooperman, who serves as the chairman and CEO of Omega Advisors, has warned that he is pessimistic about the long-term future of the stock market due to “too much debt” in the United States’s business and financial systems. According to CNBC, Cooperman specifically pointed to the combination of the country’s increasing national debt and the Federal Reserve’s pumping of “free money” into the market. “I think the overwhelming reality is the Fed is just creating this environment of free money. You have to kind of make a judgement whether that’s justified, how long it’s going to last and what impact this has on the longer-term outlook,” he said on CNBC’s Squawk Box. “Longer term, I probably have a dissenting view than Wall Street because I’m of the concern as to who pays for the party when the party is over?” he added.   Scott Heins /...
    VIDEO1:1401:14Options Action: What markets are saying as we await resultsOptions Action The options market is already looking past the results of the presidential election, even as key swing states are still counting votes. Instead of focusing on near-term volatility related to the outcome, traders in some parts of the market are already looking ahead to the end of the year, and many are liking what they see in their crystal balls. For example, while the QQQ Nasdaq 100 ETF surged 4.5% in Wednesday's session, options traders spent the day betting that those big gains were just the beginning of an even bigger rally. "We did see above average volumes in the QQQ today, and right now, the options market is still implying about a 10% move higher or lower for the Nasdaq index by the end of the year. One of the areas where we saw a lot of activity...
    Sleep is a quintessential part of wellness. While no one can argue the benefits of a great night’s sleep (including improved cognition and mood), it’s amazing how long you’ll endure tossing and turning for nights on end without addressing the real culprit: your mattress. There are plenty of mattress companies out there boasting new age materials and out of the box (literally) minimalism — but there are few that deliver on uncompromising quality quite the way OkiOki mattresses do. In part, that’s because the founders of OkiOki boast 20+ years of furniture industry expertise — and after so many years bearing witness to the radical changes in the mattress industry, they began to recognize that not all of the marketed “innovation” promised by competitors was actually delivering. As OkiOki focused their efforts on engineering the highest quality product possible, they started to see that other companies were simply selling standard, base-level products that were being...
    Prince William County crime report The best old-school Italian restaurants in America China just suspended Ant Groups $34 billion IPO, the largest in history. Heres how the company was spun out of Jack Mas Alibaba and has transformed the global fintech market. © Valery Sharifulin\TASS via Getty Images Jack Ma in 2018. Valery Sharifulin\TASS via Getty Images Ant Group, an affiliate fintech company of Chinese retail behemoth Alibaba, has been gearing up to go public with an anticipated valuation of around $300 billion. The company was formed in 2014 to run Alipay, a ubiquitous digital payment service used by millions of Chinese shoppers. Ant Group was initially scheduled to begin trading in China this week, but its IPO was suspended after Chinese officials conducted regulatory interviews with the firm and found "major issues" that may not qualify Ant for a listing. Here's what we know about Ant Group,...
    Pro-statehood Pedro Pierluisi leads governors race in Puerto Rico British retailer Marks & Spencer just posted its first half-year loss in 94 years No matter who wins the election, America is still in a jobs crisis It's not yet clear who will win the election, but no matter who ends up on top, one of the biggest priorities for the next administration is indeed clear: fixing America's broken job market. © Mary Altaffer/AP America's jobs crisis is nowhere near over. Last month, the economy was still down 10.7 million jobs from February, before the pandemic forced businesses to shutter. Load Error On one hand, that means nearly half of the 22 million jobs lost in the crisis have been recovered. But the pace of improvement has tapered off in recent months. The Bureau of Labor Statistics' October jobs report, due on Friday at 8:30 am ET, is expected...
    Wall Street's main indexes opened slightly higher on Wednesday as the race for the White House went down to the wire, although investors remained worried about the prospect of a contested result. The Dow Jones Industrial Average rose 154 points, or 0.56 percent, at the open to 27,634.41. The S&P 500 opened higher by 37.30 points, or 1.11 percent, at 3,406.46, while the Nasdaq Composite gained 283.20 points, or 2.54 percent, to 11,443.78 at the opening bell. It comes after Treasury yields and stock futures swung up, down and back again overnight as early results showed a race that's still too close to call between President Donald Trump and former Vice President Joe Biden.  Investors see cause for optimism if either candidate wins, but much is at stake pending the results. They include prospects for a big stimulus effort for the economy, potential tax rate increases...
    Stock futures vacillated between gains and losses early Wednesday following a night in which the U.S. presidential election failed to deliver a clear winner.[ READ: Stock Markets Turn on Trump ]Dow Jones futures were down about 70 points at 6:20 a.m. but had been up as much as 100 points following an earlier sharp selloff after President Donald Trump attempted to claim a premature victory and demanded that vote counting stop. Democratic challenger Joe Biden urged patience and called for all votes to be counted, with neither candidate having gained the requisite 270 electoral votes required to win the White House. Futures for the S&P 500, a broader index than the Dow, were modestly higher while the tech-heavy Nasdaq futures were up sharply.Political Cartoons on the EconomyView All 305 ImagesThe prospect of a court challenge loomed, bringing back memories of the hotly contested 2000 election in which George W. Bush beat Al...
    Dublin, Nov. 03, 2020 (GLOBE NEWSWIRE) — The “Public Private Partnership (PPP) in the Middle East and North Africa 2021 and beyond – MEED Insights” report has been added to ResearchAndMarkets.com’s offering. Modern infrastructure and world-class public services are central to the national visions being pursued across the Middle East and North Africa (Mena), as governments try to meet the needs of growing populations. Equally important, is the goal to grow private sector participation in driving growth and creating jobs. Executed properly, public private partnerships (PPP) will deliver these goals. PPPs provide a model that allows governments to continue developing strategic projects and services without the need to increase direct state capital spending. At the same time, a reliable flow of well-structured, commercially attractive PPP projects will stimulate private investment and ensure that strategic performance targets to improve services and reduce waste are achieved. But despite these compelling selling...
    Election results used to be reported by lights from the tallest building in Cincinnati The best hole-in-the-wall diner in every state The Election Day stock rally is here as investors continue to price in a Biden win Stocks opened sharply higher on Election Day, continuing their winning streak from the start of the week. © Michael Nagle/Bloomberg/Getty Images Within minutes of the opening bell, the Dow traded 1.8% higher, or nearly 500 points, while the S&P 500 -- Wall Street's broadest measure -- climbed 1.5%. The Nasdaq Composite was up 1.1%. Load Error Last week, all three indexes recorded their worst weeks since March on uncertainty about rising Covid-19 infections, the prospect of government stimulus and the election results. Betting markets continue to favor former Vice President Joe Biden to win the election, with PredictIt putting his chances at 64%. Analysts at Goldman Sachs think there's a...
    The last couple of months can only be described as a roller coaster ride for battery-electric and hydrogen-powered semi trucker maker, Nikola. On June 9, just a few days after it went public through a SPAC, Nikola's market cap briefly surpassed that of Ford, making its founder, Trevor Milton, a billionaire in the process. For a company that hasn't yet brought a product to market and has practically no revenue, the valuation raised some eyebrows. Still, a major deal with General Motors seemed to legitimize Nikola. But only a few days later, Nikola's story began to unravel. Milton stepped down following a scathing report by short-selling firm Hindenburg Research that accused him of fraud. Later, CNBC reported that two women filed sexual abuse complaints against Milton. On top of that, Nikola is also reportedly being investigated by the DOJ and the SEC. And the deal with GM is uncertain. CNBC visited...
    The stock market’s “Presidential Predictor” correctly called the winner of the last eight presidential races, and this year says Joe Biden will emerge victorious. As MarketWatch noted, the “Presidential Predictor” tracks the S&P 500 index for its performance between July 31 to October 31 just before every election. If the index has gone up between that time, it means a victory for the incumbent party, while a drop means that the party not holding the White House will emerge victorious. The predictor has been pushed by Sam Stovall, CFRA’s chief investment strategist. The prediction came down to the wire this year, going into the final market day of October nearly tied before losses on Friday tilted the prediction to Biden. The index finished the day down 40.15 points, leading to a narrow deficit for the time period — ending at 3,269.96 after having closed July 31 at 3,271.12. As the...
    This article is reprinted by permission from NerdWallet. For those would-be investors wanting to jump into the stock market but wondering which stock to buy, legendary investor Warren Buffett has a suggestion: Try buying 500 stocks instead. “In my view, for most people, the best thing to do is own the S&P 500 index fund,” Buffett said at Berkshire Hathaway’s annual meeting in May. But what is the S&P 500 SPX, -3.52%  , and how do you invest in one of its funds? Here’s an intro to how S&P 500 funds work, and whether one might be a good fit for your portfolio.What is the S&P 500? The S&P 500, or S&P, is a stock market index comprising shares of 500 large, industry-leading U.S. companies. It is widely followed and often considered a proxy for the overall health of the U.S. stock market. Standard & Poor’s, an American investment information service, created...
    Pre-election jitters and an elevated number of new COVID-19 infections helped send the S&P 500 Index of the largest U.S. stocks down for a third straight session Monday. There have been a record 500,000 new coronavirus infections in the U.S. over the past week, according to reporting by the New York Times. In the S&P 500, three cruise-line companies were among the 15 worst performers. They are listed below. • The Dow Jones Industrial Average DJIA, -3.43%  fell 943 points (or 3.4%) to close at 26,519.95. It is now down 7.1% for 2020. This was the largest one-day decline for the index since June 11. • The S&P 500 SPX, -3.52%  was down 3.5%, but was still up 1.2% for 2020. • The Nasdaq Composite Index COMP, -3.73%  dropped 3.7%, but was still up 22.6% for 2020.The Dow All but one of the components of the Dow were down for the...
    CHICAGO (CBS) — In the middle of the day on a busy Chicago street, two thieves got away with a locked car. CBS 2 Investigator Megan Hickey reports from Fulton Market on how thieves may have hacked their way into the vehicle.   Surveillance video shows there was no broken glass or lock-picking required to steal the car. The neighborhood association worries that it was a much more high-tech heist. On Tuesday, CBS 2 went back to scene and traced the suspects’ footsteps. Surveillance cameras captured two men in black hoodies walking up and down the block on Thursday. They walk past this Volkswagen Golf sedan parked along the curb. They make a loop. They walk past it a second time and they open the car door, hop in and drive away. “They didn’t check the handle of the vehicle before they stole it,” said Roger Romanelli, Exec. Director of the Fulton...
    Sundar Pichai, senior vice president for Chrome at Google Inc., holds up a new Chromebook Pixel as he speaks during a launch event in San Francisco, California, U.S., on Thursday, Feb. 21, 2013. Google Inc., owner of the world’s most popular search engine, debuted a touchscreen version of the Chromebook laptop, stepping up its challenge to Microsoft Corp. and Apple Inc. in hardware.David Paul Morris | Bloomberg | Getty Images The coronavirus pandemic, which has forced kids across the country to attend school remotely, is helping Chromebooks push into the mainstream. Chromebook laptops run Google's Chrome OS operating system. They can be cheaper than Windows computers and are much more affordable than Apple MacBooks. On Chromebooks it's easy to use Google Classroom, the web-based program that teachers and students count on to organize their work while schools are closed. Technology research firm IDC estimated that in the third quarter device...
    Manhattan rent, widely known to be some of the highest in the nation, has dropped to its lowest point in nearly a decade. The falling prices come as residents have fled the city due to lockdown measures necessitated by the novel coronavirus pandemic as well as increasing crime rates. According to a new reported released by real estate website StreetEasy, the median asking rent for an apartment in Manhattan has fallen below $3,000 a month — a decrease of nearly eight percent from last year. The new asking price now mirrors levels that were seen back in 2011. Though Manhattan has taken the biggest hit, the outer boroughs have not been immune: median rent in Brooklyn currently stands around $2,599 and Queens is tallied at $2,200. The falling prices has only been exacerbated by a flood of supply in the market; in fact, landlords have estimated that rental inventory in...
    Hong Kong (CNN Business)The iPhone 12 has arrived in China, and Apple fans are already lining up for it — just not necessarily at stores. At an Apple (AAPL) store Friday in Beijing's Wangfujing neighborhood, there was no line out the door like there has been on previous launch days.Because of the coronavirus pandemic, customers had to present a QR code on a health app on their smartphones to enter the store. Apple has taken a different approach to the launch this year, asking people to order online and banning walk-ins at many of its stores due to public health restrictions. It has also set up small kiosks where customers can pick up goods instead of crowding in a store.But online, there was plenty of excitement about the launch. On Friday, several of the top trending topics on Weibo, China's version of Twitter, were related to the new iPhones. And...
    The numbers: Existing-home sales increased for the fourth consecutive month in September, as the U.S. housing market benefitted from low interest rates. Total existing-home sales rose 9.4% from August to a seasonally-adjusted, annual rate of 6.54 million, the National Association of Realtors reported Thursday. Compared with a year ago, home sales were up nearly 21%. “Home sales traditionally taper off toward the end of the year, but in September they surged beyond what we normally see during this season,” Lawrence Yun, the trade group’s chief economist, said in the report. “I would attribute this jump to record-low interest rates and an abundance of buyers in the marketplace, including buyers of vacation homes given the greater flexibility to work from home.” Economists polled by MarketWatch had projected existing-home sales to rise to a median rate of 6.36 million. What happened: The fast pace of home sales has quickly dwindled...
    USA TODAYs experts say securing a COVID-19 vaccine in record time could be easy, but distributing it wont be Restaurateur uses pandemic downtime to fly at-risk dogs and cats to safety These 3 High-Growth Tech Stocks Can Double Your Investments in the Next 4 Years The pandemic has hastened the digitization process. Many businesses are advancing their digital strategies, while people prefer to work, learn, and shop from their homes. So, this structural shift has created a long-term tailwind for tech companies. Meanwhile, here are three companies that can double your investments in the next four years. © Provided by The Motley Fool Upwards momentum Real Matters Amid the slowdown in economic activities, the central banks in the United States and Canada slashed interest rates to historically low levels, which has created a strong base for refinancing activities that could last many quarters. So, Real Matters (TSX:REAL), which provides...
    The Victor Oladipo trade rumor mill keeps churning new chapters. The Indiana Pacers star has been primed to leave, with Miami Heat supposedly interested. But the latest team to enter the fray is the Milwaukee Bucks. During his recent podcast, ESPN’s Zack Lowe said, “I’ll give you a team I’m keeping an eye on with Victor Oladipo…Milwaukee. Just keeping my eye on them…that’s all I’m saying, that’s all I’m going to say.” After initial reports linking them to Chris Paul, the focus is now on another All-Star guard in Oladipo. His $21m contract will be much easier to trade for instead of Paul’s $41m contract. Although Oladipo isn’t as good as Paul, it is a more viable option for the Bucks. ALSO READ- NBA Trade Rumors: A New Twist in Victor Oladipo & Miami Heat’s Potential Link Why do the Bucks need Oladipo? While nothing is official yet, the Bucks...
    Berkshire Hathaway fined for alleged Iran sanctions violations These 6 Classic American Restaurant Chains Are Close to Disappearing Opinion: Here’s what to know about U.S. stocks over the really long term — 227 years, in fact MARK HULBERT © Getty Images Here’s some disturbing news for those of you who think you’re basing your investment strategy on history: The U.S. stock market must fall 43% in order to be in line with the longest-possible trend in its history. Load Error This trend to which I refer traces the U.S. stock market back to 1793. The data, adjusted for both dividends and inflation, are plotted in the chart below. The source is Edward McQuarrie, a professor emeritus at the Leavey School of Business at Santa Clara [Calif.] University who has spent years reconstructing U.S. stock market history. The chart also shows the exponential trendline, which is the line that...
    Bridging divides – political and otherwise – to make a positive impact How to Practically and Specifically Help Restaurants This Election Year Google was just hit with an antitrust lawsuit from the DOJ. Heres what antitrust means and how trust-busting laws attempt to keep the biggest firms in US history from growing too powerful. © Provided by Business Insider An 1889 political cartoon. Nawrocki/ClassicStock/Getty Images Antitrust laws were created to keep the big conglomerates, or trusts, that were forming across oil, railroad, steel, and other sectors in the late 1800s and early 1900s from growing too large and powerful. Now, regulators are coming after 21st-century big tech — the Department of Justice filed an antitrust case against Google over antitrust concerns on Tuesday. Google as well as Apple, Amazon, and Facebook have been under heavy scrutiny this year with a congressional investigation into online market competition. The investigation...
    New York (CNN Business)The election is only 15 days away. But no matter who wins the US presidential contest in November, one of the most pressing problems for the administration to solve will be America's broken jobs market."The harsh reality is that whoever the president is on January 20 has his work cut out for him," said Beth Ann Bovino, S&P Global chief US economist, in a new report on Monday. "While the US is no longer careening toward a depression, labor market data shows the economy mired in a weak recovery, with the unemployment rate still high, at 7.9% -- above or equal to the peak of eight of the past 11 recessions."In fact, the unemployment rate, which peaked at 14.7% in April may actually under-represent the fragility of America's pandemic labor market: Those discouraged by a lack of available jobs, worried about health precautions or needing to stay...
    While independent restaurants are struggling, with little hope of relief from Washington D.C. (which hasn't gotten any closer to signing a new pandemic relief bill), big restaurant chains are on the move in the south suburbs.  Eddie V's Prime Seafood opened this week in Greenwood Village, bringing a new concept to town from the Darden Group, which also runs Olive Garden, Yard House, Capital Grille and Bahama Breeze, among others. The spacious seafood house is just four miles up I-25 from the similarly named but completely unrelated Eddie Merlot's Prime Aged Beef & Seafood. Along with seafood, live music and cocktails, Eddie V's notes that "through its Harvest Program, the restaurant prepares its surplus food that is not served to guests for donation to Covenant Cupboard Food Pantry." In Wheat Ridge, the lease is ending at the five-year-old Four Seasons Farmers and Artisans Market, at 7043 West 38th Avenue, so...
    Maine has seen a stunning real estate boom as buyers from New York City, Boston and Washington DC flee for quieter pastures amid the pandemic, causing home values to surge 17 percent, supply to hit a historic low and properties to fly off the market in a matter of 11 days.  In the spring Maine saw a startling decline in sales at the start of the pandemic, but by summer time a wave of buyers came in from out of state looking to ride out the COVID-19 crisis. The value of single-family existing homes jumped 17.39 percent in August this year compared to 2019 and homes reached a median sales price of 270,000, as per Maine Listings.  Maine Association of Realtors President Tom Cole said June saw business pick up and July was 'gangbusters' with nearly six percent more out-of-state buyers than last year.  In August, out-of-state sales went up nearly...
    Mansions seen along the coast of Palm Beach, Fla.Getty Images Home sales in Palm Beach, the exclusive island retreat of the president and countless billionaires, tripled in the third quarter as the wealthy fled the cities and higher-tax states of the Northeast, according to a new report. "It may be the hottest real estate market in the world right now," said Jay Phillip Parker, CEO of Douglas Elliman's Florida brokerage. "You just can't find homes to buy there now." The average home price in Palm Beach was more than $7 million during the quarter, according to a report from Douglas Elliman and Miller Samuel. The strength shows little signs of slowing as signed contracts jumped 62% in September, the report said. Among the big recent sales in Palm Beach was the $28 million sale of a "teardown" mansion owned by telecom tycoon Donald Burns. Billionaire Jude Reyes sold his oceanfront...
    As the weather gets chillier, you may be tempted to stick close to home — in which case you'll find plenty of opportunities to enjoy good entertainment and do good at the same time through virtual events. But if you're itching to head out on the town, you'll find fun ranging from a wahle of a book sale to a new running race to a fall market to the next awesome effort by Rainbow Militia. Keep reading for the ten best events around town this weekend, watch for updates, and don't miss our list of all-free events. Whale of a Used Book Sale Through Sunday, October 18Jefferson County Fairgrounds, 15200 West Sixth Avenue, Golden Colorado's biggest used book and media sale has returned, with some special precautions in these days of COVID-19. But the awesome array of items will be as awesome as ever. The sale is open to...
    DUBLIN, Oct. 14, 2020 /PRNewswire/ — ResearchAndMarkets.com published a new article on Brexit  “A Surge in Coronavirus Cases is Increasing the Pressure to Seal a Post-Brexit Trade Deal” Research_and_Markets_Logo A surge in coronavirus cases is increasing the pressure to seal a post-Brexit trade deal. Prime Minister Boris Johnson has set Oct 15 as the deadline for finalizing a post Brexit deal which will take effect once the United Kingdom leaves informal EU membership at the end of this year. As the deadline to secure a deal draws closer, analysts argue that it has become even more important to secure a trade deal that will avoid higher trading costs for UK companies in order to help mitigate economic damage caused by the pandemic.  New research by law firm Baker & Mckenzie predicts that failure to secure a deal could cost the United Kingdom around 134 billion ($174 billion) each year in...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City The opportunity to have more space during the current COVID crisis has brought increased demand from buyers and renters to The Hamptons. Join Behind The Hedges’ free online webinar and hear from local real estate agents who are experts on Hamptons real estate. They will provide an update on the current status of the Fall season on Thursday, Oct. 22 at 4 p.m. Agents will talk about the different hamlets on the South Fork, how to find a community that’s a good fit, timing, pricing, living in the Hamptons year round and what to expect going into the Fall/Winter season. Judi Desiderio, CEO and President of Town & Country Real Estate, an independent real estate firm with eight offices throughout the Hamptons and across the North Fork brings over three decades...
    Young Eagles diehard Giovanni Hamilton wishes Dak Prescott well: Never want to see that happen Bette Daviss Life in Photos Disney gains $11 billion in market value after the entertainment titan refocuses on streaming © Disney "Hamilton" arrived on Disney Plus on July 3. Disney Disney stock rose as much as 4.7% on Tuesday, adding about $11 billion in market capitalization, after the media giant signaled a greater focus on streaming. The company's creative teams will produce more content for Disney+ and its other video-streaming services, while its distribution and commercialization teams will be combined into a single, global organization. Disney+ passed 60.5 million subscribers in early August, less than nine months after its US launch. Billionaire investor Dan Loeb wrote to Disney CEO Bob Chapek last week to suggest he pour more resources into streaming. Visit Business Insider's homepage for more stories. Disney stock jumped as...
    A customer looks at computers at a Best Buy store in Northbrook, Ill.Tim Boyle | Bloomberg | Getty Images PC makers shipped 71.4 million PCs in the quarter ending in September, a 3.6% increase from the same period last year, according to an estimate from technology research company Gartner. 16.5 million PCs were shipped to the U.S., an 11.4% increase over the same period last year. That's the fastest U.S. PC growth rate in a decade, according to Gartner. The PC market has been declining on and off for the past decade as smartphones became dominant in many markets and businesses wait for new versions of Microsoft Windows before upgrading. But this quarter, worldwide consumer demand for new PCs was the highest it's been in five years, as the global coronavirus pandemic and concurrent lockdowns drove demand for home entertainment and remote schooling. "On the consumer side it was really...
    Bellator Paris live stream and official results Vintage Ikea items that resell for serious money These Are The Ten Most Valuable Companies In America The ten most valuable companies in America, based on market capitalization when added together, are worth almost $8 trillion. America's GDP is $21 trillion. China's is $14 trillion. The list shows the rise of the tech economy--the top 5 are all from that sector. 10. Tesla is worth $404 billion, an extraordinary sum, given that it will sell about 500,000 this year, Global car company leader Volkswagen will sell over 10 million. However, Tesla has effectively positioned itself as the car company of the future, which is one in which fossil fuel vehicles will disappear. Tesla is also considered in the vanguard of another industry movement--autonomous cars. © Provided by 24/7 Wall St. 9. Walmart with a $405 billion market cap remains the...
    A customer looks at Dell computers at a Best Buy store in Orem, Utah.George Frey | Bloomberg | Getty Images Computer makers shipped 79.2 million PCs in the third quarter, up 12.7% year over year, showing the fastest growth in a decade, technology research company Canalys estimated on Friday. Despite the swelling popularity of phones and tablets in recent years, people have been leaning harder on personal computers while working or studying from home in the past several months because of the coronavirus pandemic. Acer of Taiwan was the biggest individual beneficiary from the trend in the third quarter, shipping 5.6 million PCs, up 15%, according to the Canalys estimates, which include Chromebooks that run Google-led Chrome OS. The company said Lenovo, the largest PC maker by shipments in the quarter, shipped 19.3 million PCs, up 11.4%. Microsoft, whose Windows 10 operating system runs on over 1 billion devices, said...
    Broncos DE Harris says game move to Monday is unfair 17 Menswear Essentials Under $150 to Shop This Long Weekend Most Americans don't know these lucrative Social Security "secrets" Ad Microsoft Incredible Blanket Puts Humans In A Deep Sleep, Melting Stress Away Ad Microsoft 23 Gadgets That Could Sell Out Before the Holidays Ad Microsoft ...
    UFC on ESPN+ 37 weigh-in results and live stream Nike’s Día de Muertos Collection Is All About Familia In the Competitive Coronavirus Housing Market, This Loophole Is Making It Easier to Buy a House The pandemic’s latest effect on the housing market could be a good one for borrowers: Fewer mortgages are requiring a home appraisal, which is making it a whole lot easier for some people to purchase a home or qualify for a loan refinance. © Rangely Garcia / Money Appraisal_Waiver According to a September report from the public policy think tank American Enterprise Institute, appraisals were waived on 42% of all government-sponsored purchase and refinance mortgages in July, up from roughly 20% in December. Rick Bettencourt, a loan officer at Caliber Home Loans in Danvers, Mass., says high demand is fueling the spike. “Appraisers are swamped right now in many markets,” he says. It’s easy to...
    An off-shore oil platform off the coast in Huntington Beach on Sunday, April 5, 2020.Leonard Ortiz | MediaNews Group | Orange County Register | Getty Images SINGAPORE — A Biden presidency could bring 1 million barrels per day of Iranian oil back into the market, but lead to lower demand in the long run, an economist said this week. That's because Democratic presidential candidate Joe Biden is likely to reestablish relations with Tehran if he is elected, but introduce environmental policies that limit U.S. oil and gas, said David Fyfe of Argus Media. "Arguably, a Biden presidency would move fairly rapidly toward some sort of rapprochement with Iran," he told CNBC's "Capital Connection" on Friday. "That of course could lead to maybe up to a million barrels a day of Iranian oil coming back onto the market," he said. "It might not happen immediately, but you could see that happening within the sort...
    The market is estimated to grow at a CAGR of 10. 7% during 2020–2027. The bovine pericardial valve market is growing primarily due to the increasing incidence of cardiovascular diseases (CVD) and congenital heart diseases (CHD) and advantages of tissue-based heart valves over mechanical valves in the Asia Pacific region. New York, Oct. 08, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Asia Pacific Bovine Pericardial Valve Market Forecast to 2027 – COVID-19 Impact and Regional Analysis By Valve Type ; Alloy ; End User, and Country” – https://www.reportlinker.com/p05974327/?utm_source=GNW Factors such as limitations associated with the tissue-based valves damage the growth of the market. Additionally, developing healthcare industry and growing reimbursement of the cardiac valve are likely to fuel the growth of the bovine pericardial valve market during the forecast period.A bovine pericardial valve is also known as a bioprosthetic valve, and it is used for applications...
    VIDEO3:2503:25Options Action: Oil company dividendOptions Action Many investors are speculating that Big Oil dividends could be in danger given how low the price of crude has dropped this year, but in an appearance on CNBC's "Squawk Box," Chevron CEO Michael Wirth defended his company's ability to keep its dividend intact. "We continue to have a very strong balance sheet so our dividend is secure," Wirth said Wednesday. "We've stress-tested the future scenarios at prices lower than what we've seen today and still have plenty of capacity to pay the dividends." Despite ongoing speculation, Wirth isn't alone in his sentiment. The options market also doesn't foresee a material cut to the stock's dividend anytime soon. "We can compare the price of a synthetic equity position, using options, to the actual equity. I was looking at the January 2022 options, and you can back out — using interest rates and the current price...
    On Tuesday afternoon, the House Judiciary Committee issued its final report on its investigation of competition in digital markets, the end result of years of research and hearings. Technically, there were three reports: a majority opinion from Democrats and two others from different Republican factions, part of an ongoing split in congressional efforts to bring tech companies in line. But while the politics of the documents are byzantine, the message of the majority report is crystal clear: Apple, Amazon, Facebook, and Google have gotten too powerful. Over 449 pages, the report lays out a playbook for how to pare back that power and use the conventional tools of antitrust law to reshape the digital world. The report is comprehensive, and it takes on each company from a different angle, laying out different problems and proposing different solutions. Despite the “Big Tech” moniker, these are four very different companies, and the...
    Although many venues have been shuttered for the past six months over COVID-19, B-Side Live is opening this Friday, October 9, in the former Black Buzzard space in the basement of Oskar Blues at 1624 Market Street. Hayley Steiner, who paired bands with visual artists as founder of the RiNo Showcase, will act as the venue's operator and booking manager. She says her vision for the spot is simple: "Human beings need live music, and even in a time like this, there has to be a safe place for it." In keeping with Colorado state guidelines and local public-health orders, capacity will be limited to fifty people inside the venue at a time. The concerts will be socially distanced, and guests will be required to sit. Related Stories Mad Dog Blues Experience Finds Positivity During the Pandemic Celebrate Halloween at Itchy-O's Drive-In Hallowmass Staying Present: Augustus on Color TV...
    At the outset of the COVID-19 pandemic, some experts expected sky-high home prices in Denver to finally fall. But so far, such predictions have resolutely failed to come true. In August, the average home price in the Mile High City blew past $600,000 for the first time. While that mark wasn't quite eclipsed in September, the situation definitely hasn't improved. According to the latest market trends report from the Denver Metro Association of Realtors, house hunters are facing "the toughest market to buy a home in metro Denver's history." The reason, once again, is demand that is far outstripping supply. DMAR notes that the 5,301 active listings at the end of last month represented the lowest inventory for any September on record by 2,215 properties. Related Stories Why You Can't Find a Home You Can Afford in Denver Right Now Why Average Denver Home Price Just Blew Past $600,000...
    BUFFALO Bill's house from The Silence if the Lambs is up for sale. Film buffs and Hannibal Lecter-lovers can snap up the creepy abode in Perryopolis, Pennsylvania for $298,500. 22You can snap up the creepy abode in Perryopolis, Pennsylvania for $298,500Credit: The Mega Agency 22It's the home of fictional serial killer Buffalo Bill 22The home has all original features - including the kitchen where Clarice and Bill's nail-biting gun-fight took place The four-bedroom property, situated in 1.7 acres of land, was featured in the 1981 cult classic as the den of creepy cross-dressing, skin-suit crafting serial killer Buffalo Bill. The explosive final scenes of the movie see rookie detective Clarice Starling burst into the house in a desperate attempt to rescue Bill's latest victim - who he has stashed away at the bottom of a dingy well - fortunately not a real-life feature in the home. The house lies...
    Biden on the trail, Hurricane Delta, NYC closes some schools: 5 things to know Tuesday School pressure, sick lawmakers, go-cups: News from around our 50 states Should I Invest in the S&P 500? How Do I Get Started? By Tiffany Lam-Balfour © TheStreet Should I Invest in the S&P 500? How Do I Get Started? For those would-be investors wanting to jump into the stock market but wondering which stock to buy, legendary investor Warren Buffett has a suggestion: Try buying 500 stocks instead. Load Error "In my view, for most people, the best thing to do is own the S&P 500 index fund," Buffett said at Berkshire Hathaway's annual meeting in May. But what is the S&P 500, and how do you invest in one of its funds? Here's an intro to how S&P 500 funds work, and whether one might be a...
    London (CNN Business)President Donald Trump is back at the White House. But a lack of quality information about his condition is putting investors in a tough spot, with little clarity on how to trade an intensely unpredictable moment. What's happening: Trump, who remains heavily medicated, is still infected with the coronavirus. However, his physician Dr. Sean Conley said it had been 72 hours since Trump's last fever and that his oxygen levels were normal, insisting that the president met the criteria to be discharged.Optimism about Trump's condition, along with stimulus hopes, drove a sharp recovery in stocks in Monday. The S&P 500 finished 1.8% higher, while the Nasdaq Composite gained 2.3%. Trumps Covid-19 diagnosis is another market-moving wild cardYet tons of variables remain, preventing the momentum from spilling over into another trading session.Investors don't have great information to work with. Conley — who has provided conflicting information on Trump's...
    Prospective buyers tour a new home for sale in Denver, Colorado.Matthew Staver | Bloomberg | Getty Images It is a destination for tech workers fleeing the pricey Bay Area and for metropolitan East Coasters looking for more expansive outdoor space. The new work-from-anywhere culture of the coronavirus pandemic is one of the top reasons Denver, Colorado is experiencing its most competitive housing market in history. In September of this year, Denver had a record-low number of homes for sale, not by a little, but by nearly half. There were 3,041 single-family homes listed for sale, down from the previous low of 5,693 in September 2017, according to the Denver Metro Association of Realtors. Homes are getting snapped up quickly, with the median days on the market falling to a record 6 from the previous record of 9 back in September  2015 and 2016. Combining single-family and condominium homes, there were...
    A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020.Mike Segar | Reuters President Donald Trump's health and the state of a fiscal stimulus package will be the main focus for markets in the coming week. In the early morning hours Friday, President Donald Trump tweeted that he and the first lady tested positive for Covid. Stocks sold off hard, but the S&P 500 came off its lows in Friday trading and closed down just under 1%. It was up 1.5% for the week. The market was helped by signs that a stimulus package is still a possibility, after House Speaker Nancy Pelosi asked airlines not to furlough workers. She promised either a stand alone aid bill, or a bigger negotiated relief legislation that would help...
    When police dogs bite: 6 takeaways from the investigation Nearly 20,000 Amazon and Whole Foods workers tested positive for COVID-19 Nearly 650,000 more women than men dropped out of the job market in September © Provided by Business Insider Noam Galai/Getty Images The US Bureau of Labor Statistics just released September employment figures.  Michael Madowitz, an economist at The Center for American Progress, tweeted a chart that highlights the drastic number of people leaving the workforce, especially women. Based on labor force participation figures, 865,000 women dropped out of the labor force in September compared to only 216,000 men. The pandemic has been especially hard for working women as they try to balance work, school, and childcare.     Visit Business Insider's homepage for more stories. The coronavirus pandemic has been especially difficult for working women, and the latest employment figures from the Bureau of Labor Statistics show...
    Getty Images Oil prices are expected to rise just slightly in the final quarter of the year, held back from further gains by a deep chill in global travel and a still healing economy. Analysts forecast the prices of Brent and West Texas Intermediate should rise to the low to mid-$40s per barrel, but they also see risks tilted toward another drop in oil prices. "If anything, they're vulnerable to falling into the low $30s. The oil market is taking Covid the hardest of all of the asset classes out there," said John Kilduff, partner with Again Capital. "Demand is just not coming back, especially for jet fuel." Oil prices have clawed back from a crushing decline earlier this year, as the global economy shut down. Oil futures prices were even temporarily negative, as the market reacted to huge oversupply and a big drop in global demand. WTI futures fell...
    The big talk in the auto industry has been around electric cars and their eventual role in autonomous driving. But the used-vehicle market in the U.S. is more than twice as large as the new-car market on a unit-sales basis. So it’s worth taking a close look at how the used market is evolving and how you might profit from it. The media is fixated on the other big change in the U.S. auto market — the acceleration of the electric-vehicle industry led by Telsa Inc. TSLA, +4.46%, whose stock rose 245% during the third quarter. You may have missed out on Tesla’s gain, unless it is held by an index fund you own, but there are other ways to invest in the electric-car revolution. According to Statista.com, 40.8 million used cars and trucks were sold in the U.S. in 2019, compared with 17 million new vehicles sold....
    VIDEO3:2003:20Markets could see 'knee-jerk, negative' reaction on potential Biden win: Credit SuisseCapital Connection SINGAPORE — Investors should look at Asia instead of the U.S. when it comes to stocks and bonds, an investment strategist told CNBC this week. "Given the election risk in U.S. and more expensive valuations, I think the Asian markets look more interesting – (there is) strong economic recovery, strong earnings and much cheaper valuations compared to the U.S. equity market," said Suresh Tantia of Swiss investment bank Credit Suisse. Economic data from China has been "quite encouraging," and the coronavirus pandemic is largely under control in other North Asian markets such as South Korea, Taiwan and Hong Kong, he said. "That has allowed the economic recovery to continue," he told CNBC's "Capital Connection" on Thursday.Pedestrians walk past a stock market display board showing the Chinese state-owned commercial banking company Bank of China from the Hang Seng...
    PERRYOPOLIS (KDKA) – A Fayette County home where the famous movie “The Silence of the Lambs” was filmed is back on the market. The house at 8 Circle Street in Perryopolis was Buffalo Bill’s home in the iconic film. It’s now up for sale at $298,500. Photo Credit: KDKA The listing on realtor.com says it sits on 1.76 acres of land along the Yough River, and the 110-year-old house still has many of its original features like the hardwood floors, woodwork and wallpaper. The house also has a swimming pool in the back and a detached three-car garage. It sold back in the summer of 2016. At the time, PETA showed interest in the home, wanting to turn it into an empathy museum where visitors would be allowed to wear the skins of abused animals.
    GOP U.S. Senate candidate in Delaware thanks Proud Boys for providing free security at rally Chic New Bistro Dahlia Will Make Its Debut Next Week A Biden win could spur a knee-jerk 5% pullback in the stock market, but investors should seize the buying opportunity, Credit Suisse strategist says © CNBC TV CNBC TV Suresh Tantia of Credit Suisse told CNBC on Thursday that a Joe Biden win could spur a "knee-jerk" 5% pullback in the stock market given the Democratic nominee's stance on corporate taxes.  However, this pullback will be a buying opportunity for investors because long-term Fed support will continue to drive markets after the election, said the senior investment strategist.  Tantia said investors should seek out stocks in Asian markets as they are cheaper than US stocks and have strong earnings. Visit Business Insider's homepage for more stories. Suresh...
    The home in Frederick where Chris Watts killed his pregnant wife, Shanann, in August 2018 before taking the lives of Celeste and Bella, their two young daughters, is currently being viewed by more people than ever before. But although the property, located at 2825 Saratoga Trail, spent well over a year for sale, it's now been taken off the market — and that's just as well, since a disturbing new movie about the tragedy creates even more doubts that anyone would ever want to live within its walls again. On September 30, Netflix launched American Murder: The Family Next Door, a documentary about the slayings that's assembled almost entirely of video or images shared online by Shanann or footage from the investigation into her disappearance, including body-camera clips that seem to capture every inch of the living space. The house is practically another character in a film that chillingly transforms...
    In Tuesday’s debate, President Trump mentioned his greatest gift to the American people—but if you blinked you might have missed it. “When the stock market goes up, that means jobs,” he said. Then he added, crucially: “It also means 401(k)s.” That point hits home among the millions of Americans with savings in a tax-advantaged investment vehicle, who watched their retirement funds rise in the prepandemic stock surge. On stage, Joe Biden had nothing to say to this point. But in a Pennsylvania town hall this month, he pooh-poohed the stock market as a concern only of the distant rich. “All that Trump can see from Park Avenue is Wall Street. All he thinks about is the stock market, and telling them, ‘We’re going to do all right, everybody owns stock.’ How many of you all own stock in Scranton? In my neighborhood in Scranton, not a whole hell of a...
    Former UFC featherweight Jeremy Kennedy joins Bellator roster What not to buy on Amazon Prime Day Why this frustrated value stock pro sees shades of 1999 in the market now — and bargains in the future VITALIY KATSENELSON'S CONTRARIAN EDGE © Getty Images A year ago, I said the U.S. stock market was “partying like it’s 1999.” I was off by a year. Last year was missing the necessary euphoric speculation, which ironically arrived in the middle of a worldwide pandemic. Load Error Just as history doesn’t repeat itself but rhymes, so does U.S. stock market behavior. Though there are a lot of similarities between 1999 and 2020, there are differences, too.  In 1999 the market was flooded with dot-coms — “new economy” companies that traded at astronomical valuations, were losing money, and had unproven business models. Today we have a lot of “new economy” companies, too, but...
    The numbers: The index of pending home sales rose 8.8% in August as compared with July, hitting a new all-time high, the National Association of Realtors reported Wednesday. It is the fourth consecutive month in which the level of Americans signing contracts to purchase homes has risen. Compared with a year ago, contract signings were up 24%. “Tremendously low mortgage rates — below 3% — have again helped pending home sales climb in August,” Lawrence Yun, the National Association of Realtors’ chief economist, said in the report. “While I did very much expect the housing sector to be stable during the pandemic-induced economic shutdowns, I am pleasantly surprised to see the industry bounce back so strongly and so quickly.” The index gauges real-estate transactions where a contract was signed for a previously-owned home but the sale had not yet closed, benchmarked to contract-signing activity in 2001. What happened: Pending home...
    VIDEO0:5500:55Markets expected to open lower following first presidential debateMorning Report Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney is cutting 28,000 jobs in its theme parks division, as the coronavirus impacts park visits and as the company's flagship Disneyland resort remains closed for the foreseeable future due to restrictions imposed by California. Palantir (PLTR) – Palantir will begin trading on the New York Stock Exchange today in a direct listing, with the NYSE setting a reference price of $7.25 per share for the data analytics company's stock. That values Palantir at $15.8 billion ahead of its market debut. Asana (ASAN) – Asana will also begin trading today on the NYSE, with a reference price of $21 per share for the software company. Palantir and Asana are only the third and fourth companies to go public via direct listing, following Spotify (SPOT)...
    Dallas Stars Rick Bowness still has passion to coach 11 Bad Kitchen Habits You Need To Stop Immediately Why the Stock Market Should Brace for More Panic in October 2020 Investors and traders alike always seem to be interested to see if patterns of the past are useful for evaluating the immediate future. It may sound odd to think that the calendar alone matters, but real money trades based on many trends, and some older investors tend to have longer memories than new investors. October is one of the months on the calendar when the stock market is frequently on the defensive. History has shown that big stock market sell-offs, and even crashes, are not outside of the norm. To add in a twist for October of 2020, this is a presidential election year to boot. While it is easy to look for historical patterns, the first thing always...
    Yard signs supporting U.S. President Donald Trump and Democratic U.S. presidential nominee and former Vice President Joe Biden are seen outside of an early voting site at the Fairfax County Government Center in Fairfax, Virginia, September 18, 2020.Al Drago | Reuters If the presidential debate Tuesday results in a clear winner, there could be a much bigger market reaction than there has been following past political debates, analysts said. President Donald Trump and former Vice President Joe Biden head into the debate with Biden leading. To the market, it is Biden's to lose, and if he does, some see it potentially weakening his chances in November — a possible positive for the stock market. Biden has said he would raise taxes on corporations and the rich, as well as increase capital gains taxes. He also is expected to increase regulation. Biden has proposed raising the top tax rate for capital gains...
    Tottenham and Chelsea are fierce London rivals on the pitch, but Spurs may get some help from Blues when it comes to solving their defensive issues.  Chelsea certainly aren’t going to do Tottenham any favours intentionally, but their summer transfer plans could help Spurs in a strange way. If the Blues are willing to sell N’Golo Kante to Inter Milan, it could force the Italians into a reluctant deal with Tottenham. Inter Milan’s interest in prying N’Golo Kante away from Chelsea is an open secret. According to The Sun, Chelsea might be willing to sell the veteran midfielder for £45 million before the summer transfer window slams shut. As it happens, Tottenham are locked in tense transfer negotiations with Inter over the services of centre back Milan Skriniar. The Serbian international has fallen out of Antonio Conte’s starting XI, but the Italian club don’t want to lose him due to the depth he...
    Tennis: Birthday girl Halep sails through after slow start 50 things to pick up at the grocery store this fall How 2020 broke the housing market: So many homes are selling that we could run out of new houses in months © Provided by Business Insider A house is the most desirable get amid the coronavirus pandemic, but the US is barreling toward an inventory shortage and affordability crisis that'll make homeownership unattainable. John M Lund/Getty Images The hottest pandemic purchase is a house, as more and more Americans take advantage of low mortgage rates to attain spacious backyards and more comfortable work-from-home locales. Existing home sales, which have trended upward for the last 3 months since the housing market reopened from shutdown, soared to a 14-year high in August. New home sales are also up. Home prices are soaring, too, recording the highest two-month appreciation between May...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City The Manhattan apartment that belonged to the late artist Seena Gershwin is available for purchase for the first time in over 50 years. Born and raised in Manhattan, Gershwin studied art at the Pratt Institute and earned two resident fellowships at the Edward MacDowell Colony and a grant from the Creative Artists Public Service from the New York State Council on the Arts. Some of her works permanently reside in institutions such as the Museum of Modern Art NY (MOMA), Fort Lauderdale Museum of Art and Princeton University. Gershwin passed away in April 2020 at the age of 95.  Gershwin’s former home, 20 Sutton Place South Apartment 9D, is a three-bedroom, three-bathroom residence that boasts tons of natural light and a partial view of the East River. The apartment opens up...
    There's an emerging industry thought to be only science fiction not too long ago that's close to becoming a reality: space tourism.  And a handful of companies – including one publicly traded name – are competing neck and neck to be leaders in the emerging market. But what space tourism entails, and how much it costs per person, varies greatly depending on a company's technological capabilities.  For example, both Virgin Galactic and SpaceX expect to fly private paying passengers to space next year. But, while passengers flying with both companies would go to space by the Federal Aviation Administration's definition, a Virgin Galactic passenger spends about 0.04% as much time in space as on a SpaceX trip, while a ride with Elon Musk's company is expected to cost roughly 200 times as much. Whether a passenger reaches suborbital and orbital space is the major difference in the destinations of the human spaceflight offerings in...
    Florida sends thousands of voter registration invites – to already registered voters 12 States That Still Have McDonald’s Original Golden Arch Market volatility expected to continue in the week ahead with Presidential debate and jobs report The September jobs report will be the final employment report before the election when it is released Friday. Some strategists say the presidential debate has the potential to be a factor for markets if it shows one candidate or the other as a clear winner. Market volatility is expected to continue in what is being viewed now as a typical September sell-off. © Provided by CNBC The Fearless Girl statue is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 11, 2020. Stock market volatility, with sharp ups, downs and reversals, is likely to be the norm again in the week ahead, as investors...