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Showing posts from November, 2020

From The Desk of Fernando Guzmán Cavero.

  Dear friends :   Unfortunately Some themes, pages and other features are not working correctly or in an appropriate manner. There are quite a few mistakes committed that need to be fixed. This situation puts me in a position by the time being to stay away from my work for a few more days , space of time which I hope  corrections could be accomplished. Please stay tuned:                                                                 Fernando Guzmán Cavero                                                        Enable Ginger Cannot connect to Ginger Check your internet connection or reload the browser Disable in this text field Edit Edit in Ginger Edit in Ginger × Enable Ginger Cannot connect to Ginger Check your internet connection or reload the browser Disable in this text field Edit Edit in Ginger Edit in Ginger × Enable Ginger Cannot connect to Ginger Check your internet connection or reload the browser Disable in this text field Edit Edit in Ginger Edit in Ginger × Enable Gi

From The Desk of Fernando Guzmán Cavero: Press Notification

Press Notification This coming week we are making some important  changes to our Financial news blog. Therefore we won't be on the air for a few days. We hope on your understanding of the time we are taking off to evaluate and  make changes in order to serve you better. If you may consider, please let us know any suggestion through our contact form.                                                                       Please stay tuned                                                                 Fernando Guzman Cavero Enable Ginger Cannot connect to Ginger Check your internet connection or reload the browser Disable in this text field Edit Edit in Ginger Edit in Ginger × Enable Ginger Cannot connect to Ginger Check your internet connection or reload the browser Disable in this text field Edit Edit in Ginger Edit in Ginger ×

Wall Street Closing Report: Stocks rise as Wall Street turns to tech for safety amid increasing Covid-19 cases

  Fred Imbert, Jesse Pound 3-4 minutes - Source: CNBC Stocks traded slightly higher on Thursday as traders increased their exposure to major tech names amid a rising number of coronavirus cases. The Dow Jones Industrial Average traded 85 points higher, or 0.3%. Earlier in the day, the Dow was down more than 200 points. The S&P 500 gained 0.5% and the Nasdaq Composite advanced 0.9%. Netflix and Amazon advanced 1% and 0.4%, respectively. Alphabet climbed 1% and Microsoft traded higher by 0.8%. Apple rose 0.4% along with Facebook. Stocks also got a boost after Senate Minority Leader Chuck Schumer, D-NY, said Majority Leader Mitch McConnell, R-KY, had agreed to resume negotiations on new fiscal stimulus . A CNBC analysis of Johns Hopkins University data found that the seven-day average of daily new U.S. coronavirus infections is now at 161,165, up 26% from last week . In total, more than 11.5 million coronavirus cases have been c

European Markets Closing Report: European markets close lower as shutdown fears outweigh vaccine news

Elliot Smith,Holly Ellyatt 3-4 minutes - Source: CNBC LONDON — European stocks closed lower Thursday as a rally prompted by positive vaccine news started to peter out amid renewed fears of shutdowns due to rising coronavirus cases. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 6334.35 -50.89 -0.80 898754031 .GDAXI DAX DAX 13086.16 -115.73 -0.88 68038761 .FCHI CAC 40 Index CAC 5474.66 -36.79 -0.67 93376635 The pan-European Stoxx 600 closed down by 0.7% provisionally, with travel and leisure stocks dropping 1.7% to lead losses as almost all sectors and major bourses slid into negative territory. Results published Thursday on the coronavirus vaccine being developed by the University of Oxford and  AstraZeneca  indicated that it is safe and triggers a similar immune response among all adults. The study, published in The Lancet, failed to boost market sentiment. Pfizer said Wednesday that  final analysis had shown

Market Insider | Biggest Moves Premarket: Stocks making the biggest moves in the premarket: Macy's, L Brands, Sonos, Jack In The Box & more

  Peter Schacknow 5-6 minutes - Source: CNBC Take a look at some of the biggest movers in the premarket: Macy's (M) – The retailer lost 19 cents per share for its latest quarter, smaller than the 79 cents a share loss that Wall Street was anticipating. Revenue beat estimates, however. Same-store sales dropped 20.2%, but that was smaller than the 23.3% loss anticipated by analysts surveyed by Refinitiv. The shares fell 2% in premarket trading as of 7:35 a.m. ET. BJ's Wholesale (BJ) – The warehouse retailer earned 92 cents per share for the third quarter, beating the 64 cents a share consensus estimate. Revenue topped estimates as well. Comparable-store sales rose 18.5%, compared to a FactSet estimate of up 16.7%. The stock lost 2% in premarket trading as of 7:35 a.m. ET. Nasdaq (NDAQ) – The exchange operator is buying Verafin for $2.75 billion in cash . Verafin is a provider of technology designed to detect and fight

News | About Bloomberg New Economy Forum: Bloomberg Forum: Virus Hunters Kick Off Final Day of Bloomberg Forum: NEF Update

  2-3 minutes - Source: BLOOMBERG Bill Gates Photographer: Takaaki Iwabu/Bloomberg The fourth and final day of the Bloomberg New Economy Forum will focus on the future of health care around the globe in the wake of the coronavirus pandemic. The Thursday program will kick off with a session spotlighting virus hunters. It features scientists studying zoonotic pathogens who will discuss the lessons learned from Covid-19, which has infected more than 56 million people and killed over 1.3 million around the world. Other speakers include Bill Gates, co-chair of the Bill & Melinda Gates Foundation; Stephane Bancel, chief executive officer of Moderna Inc. , whose vaccine was found to be 94.5% effective in a preliminary analysis of a large la

Currencies | The Dollar: Dollar up on COVID-19 case rise, gains curbed by Fed easing expectations

  3 minutes - Sorce: CNBC U.S. one-hundred dollar banknotes are arranged for a photograph in Hong Kong on April 15, 2019. Paul Yeung | Bloomberg | Getty Images The dollar strengthened on Thursday as broad optimism about COVID-19 vaccines ran into worries about rising infection numbers and risks to the fragile global economic recovery. The dollar was also caught between two opposing forces, with a safety bid supporting it while fresh speculation over monetary easing to boost the economy held it back somewhat. Euro/dollar shed 0.2% to last trade at $1.1833. With fiscal stimulus plans falling by the wayside as President Donald Trump’s refusal to concede electoral defeat consumes lawmakers’ attention, speculation is growing that the Federal Reserve may further loosen monetary policy in December. Two top Fed officials on Wednesday held out the option of doing more, and Treasuries have rallied in anticipation of a possible expansion of Fed bond buying. An

Bonds: Treasury yields slump amid state coronavirus restrictions

  Vicky McKeever 2 minutes - Source: CNBC U.S. Treasury yields fell on Thursday as the country’s death toll from the coronavirus topped 250,000 and states sought to impose restrictions in order to curb the spread of the virus. The yield on the benchmark 10-year Treasury note slipped to 0.849% at 5:22 a.m. ET, while the yield on the 30-year Treasury bond fell to 1.575%. Yields move inversely to prices. Treasurys TICKER COMPANY YIELD CHANGE %CHANGE US3M U.S. 3 Month Treasury 0.071 -0.015 0.00 US1Y U.S. 1 Year Treasury 0.107 -0.002 0.00 US2Y U.S. 2 Year Treasury 0.173 -0.002 0.00 US5Y U.S. 5 Year Treasury 0.389 -0.009 0.00 US10Y U.S. 10 Year Treasury 0.86 -0.022 0.00 US30Y U.S. 30 Year Treasury 1.59 -0.03 0.00 Treasury yields dipped as confirmed deaths from the coronavirus in the U.S. surpassed a quarter of a million, at 250,537, according to data compiled by Johns Hopkins University. A handful of states and cities in the U.S. are

Energy | Oil Price Report: Oil prices ease as rising Covid-19 cases outweigh vaccine optimism

  3-4 minutes - Source: CNBC The Johan Sverdrup oil field in the North Sea, operated by Equinor, is the third-largest oil field on the Norwegian continental shelf, with 2.7 billion barrels of oil equivalent. CARINA JOHANSEN | AFP | Getty Images Oil futures eased on Thursday, surrendering some gains from the previous day as the surge in coronavirus cases and tighter economic restrictions around the globe stoked fears over slower fuel demand, outweighing upbeat vaccine news. Brent crude futures shed 25 cents, or 0.56%, to $44.10 a barrel, after gaining 1.4% on the previous day. U.S. West Texas Intermediate crude declined 44 cents, or 1%, to $41.38 a barrel, having risen nearly 1% on Wednesday. “The spread of coronavirus infection and fresh restrictions in the United States and other parts of the world hit market sentiment as it would hamper fuel demand,” said Kazuhiko Saito, chief analyst at Fujitomi Co. “Investors are also b

Commodities | Gold Price Report: Gold slips on firmer dollar, vaccine boost to economic outlook

  2-3 minutes - Source: CNBC A worker tends to gold bars at a precious metals plant. Andrew Rudakov | Bloomberg | Getty Images Gold fell to a one-week low on Thursday as the dollar regained momentum and optimism that progress on vaccine development would hasten economic recovery eroded bullion’s safe-haven appeal. Spot gold fell 0.6% to $1,859.38 per ounce, having earlier hit its lowest since Nov. 9 at $1,854.60. U.S. gold futures slipped 0.9% to $1,857.60. Gold is the victim of optimism over a coronavirus vaccine and a strengthening dollar pushing it towards the bottom end of its range, Michael Hewson, chief market analyst at CMC Markets UK, said. “U.S. fiscal stimulus remains an issue because (Donald) Trump hasn’t yet conceded the presidential election, so fiscal support remains far away,” he added. The dollar , considered a rival safe haven, was up 0.3% versus rivals, benefiting from uncertainties over a spike in new

Analysis | The Cybersecurity 202: Fears grow about White House interference at CISA after Krebs’s ouster

Joseph Marks 9-12 minutes - Source: The Washington Post “ It’s going to be a challenge to overcome the chilling effect from having had a leader of the organization fired for telling the truth ,” Suzanne Spaulding, who led DHS cybersecurity operations during the Obama administration, told me.   President Trump fired Krebs on Twitter earlier this week after his public statements contradicting the president’s baseless claims that fraud caused his election loss to Joe Biden and for maintaining a rumor control page that fact- checked some of those claims. Two other top CISA officials were also forced to resign in recent weeks.  As of now, that rumor control page is still up and Krebs will be replaced — at least temporarily and on an acting basis — by Brandon Wales, a longtime Department of Homeland Security official with extensive experience who is well respected at CISA.  But Wales’s days as director could be numbered , especially i

US market | Futures Indicator: Dow futures extend losses following Wednesday's sell-off

  Fred Imbert, Jesse Pound 3-4 minutes - Source: CNBC U.S. stock futures traded slightly lower early Thursday on the heels of a market slide a day earlier as a recent rally lost steam. Futures tied to the Dow Jones Industrial Average slipped 62 points, or 0.2%. S&P 500 and Nasdaq 100 futures fell 0.1% and 0.3%, respectively. Futures were off their lows, however, after the release of preliminary data showed University of Oxford and AstraZeneca’s vaccine candidate triggered a similar immune response among all adults . Weakness in the futures follows a Wednesday session that finished on a sour note . After bouncing around the flat line for most of the day, the Dow Jones Industrial Average turned south in the final hour of trading to register a loss of 345 points, or 1.2%. The S&P 500 also dropped 1.2%, while the Nasdaq Composite shed 0.8%. The slide for stocks accompanied mixed news about the coronavirus crisis . On Wednesd

News | Economy | Asia: Vietnam economy is Asia's shining star during Covid

 Tim McDonald 3-4 minutes - Source: BBC image copyrightGetty Images image captionVietnamese factory Vietnam has minimised the economic damage from Covid-19 and is the only country in South East Asia on track for growth this year. Its economy is expected to grow 2.4% this year, according to latest figures from the International Monetary Fund. The IMF credited “decisive steps to contain the health and economic fallout from COVID-19” for the country’s success. Vietnam has had only 1,288 Covid-19 cases and 35 deaths. The IMF is predicting a strong economic recovery in 2021, with growth projected to strengthen to 6.5% “as normalisation of domestic and foreign economic activity continues.” Although Vietnam lacks the health infrastructure of many wealthier countries, it has been widely praised for its public health measures, which quickly brought numbers under control. It was quick to develop testing kits, and used a combination of strategic testing, aggressive c

News | Australia | Politics: Australian 'war crimes': Elite troops killed Afghan civilians, report finds

6-8 minutes - Source: BBC There is "credible evidence" that Australian elite soldiers unlawfully killed 39 people during the Afghan war, a long-awaited report has found. The Australian Defence Force (ADF) has released findings from a four-year inquiry into misconduct by its forces. It said 19 current or former soldiers should be investigated by police over the killings of "prisoners, farmers or civilians" between 2009 and 2013. The ADF blamed crimes on an unchecked "warrior culture" among some soldiers. The inquiry - conducted by Major Gen Justice Paul Brereton - conducted interviews with more than 400 witnesses. It also found evidence that: Junior soldiers were told to get their first kill by shooting prisoners, in a practice known as "blooding" Weapons and other items were planted near Afghan bodies to cover up crimes An additional two incidents could constitute a war crime of "cruel treatment" Afghanistan sa