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    Stocks Fall Broadly in Worst Sell-Off Since September. S&P 500 Index Drops 1.9%

    Image: Five-day chart, S&P 500 Index. Source: Yahoo Finance By Stan Choe, Damian J. Troise and Alex Veiga U.S. stocks fell sharply Monday, deepening last week’s losses, as a troubling increase in coronavirus counts put investors in a selling mood. The skid came as doubts mount on Wall Street...
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    Hasbro Beats Estimates for Third Quarter, Boosted by Demand for Board Games

    (Reuters) - Hasbro Inc beat analysts’ estimates for quarterly revenue and profit on Monday, boosted by demand for Monopoly and other board games from stuck-at-home parents looking to keep their children entertained. As schools in many parts of the country continue to hold classes online...
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    Biggest Risk for the Market — It's Not What You Think

    The political noise surrounding an election creates unique challenges for professional and retail investors. Debates, election commercials, talking heads and the media will paint political ideology for the investor to consider. Truth rarely lives on the extremes, and as analysts and investors...
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    Ant Group Sets Terms for Record $34.4 Billion Initial Public Offering

    By Julie Zhu and Scott Murdoch HONG KONG (Reuters) - Chinese financial technology giant Ant Group has set terms for a dual listing aimed at raising up to $34.4 billion from the world's largest stock market debut, with investors scrambling for a piece of the fast-growing company. The deal would...
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    New Homes Sales Fall 3.5% in September After Strong Summer

    Image source: Paul Brennan / Pixabay By Ken Sweet CHARLOTTE, N.C. (AP) — Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units, the Commerce Department said Monday, as the housing market’s hot summer buying season cooled. The Commerce...
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    Industry Analyst weighs in on AT&T: Jeff Kagan

    Image source: AT&T The AT&T Q3 numbers were released last week. They show even though COVID-19 has had a short-term impact on the newer parts of the company in the entertainment space, AT&T continues to grow in wireless, HBO and broadband. Let’s take a closer look at what this means for growth...
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    Hyundai Motor Posts Quarterly Loss, Missing Estimates by Wide Margin

    Image source: Hyundai Motor By Heekyong Yang and Joyce Lee SEOUL (Reuters) - South Korea’s Hyundai Motor Co said on Monday it swung to a net loss for July-September, missing market estimates by a wide margin, as costs related to engine quality issues and recalls smashed what would otherwise...
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    COVID-19 Deaths Up 15% Last Week, While Cases Rise 24%

    Image source: Reuters (Reuters) - The number of new COVID-19 cases in the United States last week rose 24% to more than 485,000 while the number of tests performed rose 5.5%, according to a Reuters analysis of state and county reports. Nationally, over 5,600 people died of the virus in the...
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    Stocks Fall Broadly in Worst Sell-Off Since September. S&P 500 Index Drops 1.9%

    Image: Five-day chart, S&P 500 Index. Source: Yahoo Finance By Stan Choe, Damian J. Troise and Alex Veiga U.S. stocks fell sharply Monday, deepening last week’s losses, as a troubling increase in coronavirus counts put investors in a selling mood. The skid came as doubts mount on Wall Street...
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    Fiat Chrysler and PSA Set To Win European Union Approval for $38 Billion Merger

    Image sources: Fiat Chrysler, PSA By Foo Yun Chee and Giulio Piovaccari BRUSSELS/MILAN (Reuters) - Fiat Chrysler and PSA are set to win EU approval for their $38 billion merger to create the world’s No.4 carmaker, people close to the matter said, as they strive to meet the industry’s dual...
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    Fast-Moving Wildfire in Orange County Forces Evacuation of 100,000 People

    Image source: fire.ca.gov By Christopher Weber and Olga R. Rodriguez LOS ANGELES (AP) — Fast-moving wildfires forced evacuation orders for more than 100,000 people and seriously injured two firefighters in Southern California on Monday as powerful winds across the state prompted power to be...
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    AIG Promotes Peter Zaffino to CEO; Will Spin Off Life and Retirement Business Unit

    Image: New AIG CEO Peter Zaffino. Source: aig.com By Suzanne Barlyn and Alwyn Scott (Reuters) - Insurer American International Group Inc AIG.N on Monday said its board approved a plan to separate the life and retirement business from the rest of the company, and named President Peter Zaffino...
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    California Restaurants Seek Recovery of More of $100 Million in Liquor Fees and Health Permits

    Image: Caffe Trieste, San Francisco. Source: Howard Malone / Pixabay By Michael R. Blood LOS ANGELES (AP) — California’s financially battered restaurants filed government claims Monday to recover more than $100 million in fees for liquor and health permits and tourism charges that they say...
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    Lawsuit Claims Goldman Sachs Attempted To Cover Up Workplace Sexual Misconduct Allegation

    Image: David Solomon, CEO, Goldman Sachs NEW YORK (Reuters) - Goldman Sachs Group Inc attempted to cover up allegations of workplace sexual misconduct by the bank’s global head of litigation, a lawsuit filed on Monday in New York State Supreme Court claimed. The lawsuit was filed by Marla...
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    Eli Lilly Antibody Drug Candidate for COVID-19 Fails in Study

    Image source: Eli Lilly By Marilynn Marchione U.S. government officials are putting an early end to a study testing an Eli Lilly antibody drug for people hospitalized with COVID-19 because it doesn’t seem to be helping them. Independent monitors had paused enrollment in the study two weeks...
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    Senate Confirms Amy Coney Barrett to Supreme Court Along Partisan Lines

    By Lisa Mascaro WASHINGTON (AP) — Amy Coney Barrett was confirmed to the Supreme Court late Monday by a deeply divided Senate, with Republicans overpowering Democrats to install President Donald Trump’s nominee days before the election and secure a likely conservative court majority for years...
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    Charles Schwab To Lay Off 1,000 People After TD Ameritrade Acquisition

    Image: Charles Schwab. Source: photos.aboutschwab.com (Reuters) - Charles Schwab Corp said on Monday it is laying off about 1,000 positions in the combined workforce of Charles Schwab and TD Ameritrade to streamline and reshape their branch network. “These reductions are part of our efforts...
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    Trump and Biden Zero in on Pennsylvania With Starkly Different Approaches

    By Zeke Miller, Alexandra Jaffe and Kevin Freking ALLENTOWN, Pa. (AP) — President Donald Trump and Democratic rival Joe Biden zeroed in on the critical battleground of Pennsylvania on Monday, demonstrating starkly different approaches to rallying voters just eight days before polls close during...
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    Supreme Court Rules Against Extension in Wisconsin Mail-in Ballot Deadline

    By Lawrence Hurley, Jan Wolfe WASHINGTON (Reuters) - Siding with Wisconsin’s Republican-led legislature, the conservative-majority U.S. Supreme Court refused on Monday to allow an extension ordered by a federal judge in the deadline for returning mail-in ballots in the state, dealing a setback...
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    Early Voting Total Already Exceeds 2016's Early Tally With Eight Days To Go

    By Nicholas Riccardi and Angeliki Kastanis With eight days before Election Day, more people already have cast ballots in this year’s presidential election than voted early or absentee in the 2016 race as the start of in-person early voting in big states led to a surge in turnout in recent days...