Asian stock markets faced a choppy session on Tuesday after Wall Street dipped as investors took profits at the end of a record-breaking month while still remaining upbeat about the prospect of a COVID-19 vaccine fuelling gains into next year. "U.S. markets were a little bit lower, that's what was holding us back a little bit," said Chris Weston, head of research at Melbourne brokerage Pepperstone. Hong Kong's Hang Seng index futures were down 0.36%.
The Dakar Rally will replace Formula E as the Volkswagen-owned brand's focus, although Audi said customer Formula E teams will be able to use a newly-developed powertrain beyond next year. Audi will compete in the Dakar with an electric SUV prototype.
"WHAT THE HELL WAS THAT."
U.S. President-elect Joe Biden spoke with U.N. Secretary-General Antonio Guterres on Monday, Biden's transition team said, discussing the need for a "strengthened partnership" to combat COVID-19 pandemic and climate change - two areas where President Donald Trump shunned a multilateral approach. Trump has referred to climate change as a "hoax" and in 2017 pulled the United States out of a global accord to tackle climate change - a decision which took effect on Nov. 4.
Nov.30 -- Naomi Gleit, vice president of social for good and senior director of growth, engagement, and mobile at Facebook Inc., talks about how the social media company is making it easy to participate in Giving Tuesday on "Bloomberg Technology."
Nov.30 -- Dr. Noubar Afeyan, co-founder at Moderna Inc., discusses the status of the company's FDA application for emergency authorization use of its vaccine to prevent Covid-19. Afeyan speaks on "Bloomberg Technology."
Canadian electric truck and bus manufacturer The Lion Electric Company said Monday it plans to become a publicly traded company via a merger with special-purpose acquisition company Northern Genesis Acquisition Corp. The combined company, which will be listed on the New York Stock Exchange, will have a valuation of $1.9 billion. The deal is the latest example of an electric automaker opting to go public via a SPAc merger in an aim to access the level of capital needed to become a high-volume vehicle manufacturer.
West Ham United rose to the heady heights of fifth in the Premier League with a fortunate 2-1 victory over Aston Villa on Monday but manager David Moyes conceded it was hard to watch. Goals by Angelo Ogbonna and Jarrod Bowen at the start of each half earned West Ham the points, but Villa will feel hard done by after Ollie Watkins rattled the crossbar with a penalty then had a stoppage time equaliser ruled out by VAR.
The new White House economic advisors and officials offer clues on their focus areas based on their experience, research, and previous interviews.
The NFL has reportedly postponed the Baltimore Ravens game at Pittsburgh from Tuesday to Wednesday, delaying the contest a third time as a result of a major Ravens' Covid-19 outbreak.
Wall Street took a fall Monday but that did nothing to stop it from being the best November for the S&P 500 - ever! The Dow fell 271 points on Monday - but the month wasn't shabby for the blue chip index either. It had the best monthly gain since 1987. The S&P 500 was down 16 points on the day. The Nasdaq dipped only 7 points after hitting an intra-day high. And it's not just Wall Street scoring records: Bitcoin hit an all-time high of $19,864... And global stocks surged a record 13 percent in November, adding $6.7 trillion to global stocks - or about $155 million a minute. A market pullback after a stellar run-up should be expected, says Yieldstreet President Michael Weisz. "I believe people are taking off some of their big gains. I mean, if you're looking at your portfolio, you're looking at your 401k, you're going to see that in November you have these incredible rallies. And at the end of the month, as we go into the end of the year, you're going to see some people take those gains. And I think that's really where we're going to see a little bit of a pullback. I don't feel that there's something too significant here. We're not seeing anything really sharp in one direction or another. So I don't think it's anything too much to worry about here." Moderna was a market standout. The stock hit a lifetime high. The company said it will apply for emergency authorization for its COVID-19 vaccine in the U.S. and in Europe. It posted full results from late-stage clinical trials which showed its vaccine was 94.1 percent effective. There was a record-setting corporate deal for investors to consider. Business information company S&P Global is buying IHS Markit in the biggest deal of the year. The price tag: $44 billion. Shares of S&P Global rose, which is rare for an acquirer's stock. IHS hit an all-time high. Cyber Monday is set to be the biggest online shopping day in U.S. history. Retailers are hoping to make up sales lost from a somber Black Friday, which saw total in-store traffic plunge 52 percent compared to last year, according to industry sources. Looking at some retail stocks: Macy's was down nearly 6 percent. Amazon was down too.
In today's TV news roundup, Jake Choi has joined the cast of ABC comedy "American Housewife," and HBO Max unveiled the official trailer for "My Gift: A Christmas Special from Carrie Underwood." CASTING Jake Choi has joined the cast of ABC sitcom “American Housewife,” Variety has learned exclusively. He will play J.D., a recent divorcee and […]
Enough is enough. It's time to shave that scruff.From Esquire
Nov.30 -- Former National Economic Council Director Gary Cohn discusses the rise of SPACs, bitcoin, regulating cryptocurrencies and his work in public service.
So the tongue-wagging Platinum Triangle real estate scuttlebutt goes, billionaire real estate developer Randall Van Wolfswinkel has over the last year or so peeped and poked around just about every trophy home for sale in Beverly Hills with a price tag under $100 million. But, in the end, the property mad developer decided on an […]
Joseph Varon, a doctor treating coronavirus patients at a Texas hospital, was working his 252nd day in a row when he spotted a distraught elderly man in the Covid-19 intensive care unit (ICU).
Nov.30 -- Harley Finkelstein, president of Shopify Inc., discusses what kind of sales the online commerce company is seeing through the holiday weekend into Cyber Monday on "Bloomberg Technology."
For the creative souls in your life.From Harper's BAZAAR
Tesla will be added to the benchmark S&P 500 index on a single day next month, rather than over two days as previously contemplated. S&P Dow Jones Indices said Monday that it will move the electric car maker into the S&P 500 on Dec. 21 at the company's full market value. Because Tesla will be one of the largest companies added to the S&P 500 in the past decade, S&P had been considering adding Tesla in two stages on Dec. 14 and 21.
Houston Texans wide receiver Will Fuller said Monday he will miss the remainder of the NFL season on a six-game suspension after testing positive for a banned performance-enhancing substance.