Global Shares Fall Back After Wall Street Rebound Via AP News: Global stocks and U.S. futures sank Friday as investors looked ahead to next week’s American presidential election and weighed the chances of economic aid from Washington and Europe. London and Frankfurt opened lower, while Tokyo, Hong Kong and Seoul all declined. Shanghai closed lower after swinging between gains and losses. Investors have been dismayed by a lack of progress […]
U.S. GDP Booms At 33.1% Rate In Q3, Better Than Expected Via CNBC: Coming off the worst quarter in history, the U.S. economy grew at its fastest pace ever in the third quarter as a nation battered by an unprecedented pandemic started to put itself back together, the Commerce Department reported Thursday. Third-quarter gross domestic product, a measure of the total goods and services produced in the July-to-September period, expanded […]
Ford Blows Away Earnings Expectations On Truck Demand Via CNBC: Ford Motor blew away Wall Street expectations as well as the company’s forecast earnings for the third quarter on stronger-than-expected demand during the coronavirus pandemic. Ford’s stock jumped more than 7% during after-hours trading before leveling off at about $8.05 a share, up 4.5%. The stock closed Wednesday at $7.70, down 2.8%. In his first quarterly earnings call with analysts […]
Sony’s Profits Rise As Pandemic Has People Playing Games Via AP News: Profit at Japanese electronics and entertainment company Sony Corp. more than doubled in the last quarter on healthy gains in its video game sector, as people stayed home during the pandemic, the company said Wednesday. Tokyo-based Sony reported a 459.6 billion yen ($4.4 billion) profit in July-September, up from 188 billion yen the previous year. Quarterly sales at […]
Oil In Reverse As Rise In U.S. Crude Stocks Fans Oversupply Fears Via Reuters: Oil prices went into reverse on Wednesday, giving up the previous day’s gains as a surge in U.S. crude stocks and rising coronavirus infections in the United States and Europe fanned fears of a supply glut and weaker fuel demand. Brent crude futures LCOc1 were down $1.20, or 2.9%, at $40 a barrel by 0920 GMT, […]
U.S. Stock Market Braces For Rocky Week Ahead Of Contentious U.S. Election Via Reuters: Wall Street faces a rocky run-up to Election Day, with mounting worries about the outcome in Washington adding to nerves about the coronavirus pandemic and fading chances of stimulus. The Cboe Volatility Index, Wall Street’s “fear gauge,” surged to 32.46, its highest closing level since Sept. 3., while the S&P 500 had its biggest one-day drop, […]
Coca-Cola's European Partner Makes $6.6 Billion Play For Australia Bottler Via Reuters: Coca-Cola Co’s European bottler has made a A$9.28 billion ($6.6 billion) buyout approach to Australian peer Coca-Cola Amatil Ltd, a cut-price proposal that the target firm is backing due to uncertainty sparked by the coronavirus crisis. The takeover by Coca-Cola European Partners PLC (CCEP) would be the biggest involving Australia this year, but prices the target company below […]
China To Sanction U.S. Military Contractors For Supplying Weapons To Taiwan Via AP News: China’s government said Monday it will impose sanctions on U.S. military contractors including Boeing Co.’s defense unit and Lockheed Martin Corp. for supplying weapons to rival Taiwan, stepping up a feud with Washington over security and Beijing’s strategic ambitions. Raytheon Technologies Corp. and “relevant American individuals” associated with the sales also will be affected, said a […]
Daimler Lifts Profit Forecast As China Snaps Up Luxury Cars Via Reuters: Daimler DAIGn.DE raised its profit outlook for 2020 on Friday after a record 24% jump in Chinese demand for its Mercedes-Benz cars boosted margins in the third quarter, though it warned that a spike in COVID-19 infections made forecasting hard. Earlier this week, Daimler’s chief executive said there was anecdotal evidence that wealthy Chinese families unable to splash […]
Our future away from Big Government, Big Tech etc lies in returning to our past and the natural use and love of the land as in Christendom. Free Farm Friday is the radio hub for this movement!
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