Day: July 24, 2020

Can green bonds create green shoots?
Stock News

Can green bonds create green shoots?

As we grapple with the impacts of the current pandemic, we shouldn’t steer attention away from another critical and immediate challenge; climate change. Response to climate challenges is no longer the right thing to do but imperative in order to create a sustainable future. Enhanced investor focus on environmental, social and governance (ESG) factors, increased stakeholder activism and the need to remain competitive with peers who are leading the pack continues to create momentum for investments that can achieve both the necessary returns and a positive tangible impact. One such financing mechanism dedicated to funding climate positive or friendly investments and gaining traction in the South African landscape is the issuance of green bonds. At the recent Sustainable Infrastructure Deve...
Baidu Inc. (BIDU) Dips More Than Broader Markets: What You Should Know
Stock News

Baidu Inc. (BIDU) Dips More Than Broader Markets: What You Should Know

Baidu Inc. (BIDU) closed the most recent trading day at $119.02, moving -1.72% from the previous trading session. This move lagged the S&P 500's daily loss of 0.62%. Meanwhile, the Dow lost 0.69%, and the Nasdaq, a tech-heavy index, lost 0.94%. Prior to today's trading, shares of the web search company had lost 2.13% over the past month. This has lagged the Computer and Technology sector's gain of 2.56% and the S&P 500's gain of 3.51% in that time. BIDU will be looking to display strength as it nears its next earnings release. In that report, analysts expect BIDU to post earnings of $1.39 per share. This would mark a year-over-year decline of 5.44%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.44 billion, down 10.42% from the year-ago period...
3M (MMM) Gains As Market Dips: What You Should Know
Stock News

3M (MMM) Gains As Market Dips: What You Should Know

3M (MMM) closed the most recent trading day at $159.84, moving +0.35% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.62%. Meanwhile, the Dow lost 0.69%, and the Nasdaq, a tech-heavy index, lost 0.94%. Prior to today's trading, shares of the maker of Post-it notes, industrial coatings and ceramics had gained 2.99% over the past month. This has lagged the Conglomerates sector's gain of 6.22% and the S&P 500's gain of 3.51% in that time. Wall Street will be looking for positivity from MMM as it approaches its next earnings report date. This is expected to be July 28, 2020. On that day, MMM is projected to report earnings of $1.77 per share, which would represent a year-over-year decline of 19.55%. Meanwhile, our latest consensus estimate is cal...
Strattec Security (STRT) Gains As Market Dips: What You Should Know
Stock News

Strattec Security (STRT) Gains As Market Dips: What You Should Know

Strattec Security (STRT) closed at $20.86 in the latest trading session, marking a +0.05% move from the prior day. This change outpaced the S&P 500's 0.62% loss on the day. Elsewhere, the Dow lost 0.69%, while the tech-heavy Nasdaq lost 0.94%. Coming into today, shares of the maker of automotive locks and keys had gained 25.91% in the past month. In that same time, the Auto-Tires-Trucks sector gained 14.87%, while the S&P 500 gained 3.51%. Investors will be hoping for strength from STRT as it approaches its next earnings release. On that day, STRT is projected to report earnings of -$1.42 per share, which would represent a year-over-year decline of 294.52%. Meanwhile, our latest consensus estimate is calling for revenue of $52.14 million, down 59.49% from the prior-year quarter...
Intel Sends A Warning To All Tech Bulls
Stock News

Intel Sends A Warning To All Tech Bulls

The headline numbers certainly did not call for the drop we saw. The "beat" on revenues and the "beat" on earnings certainly seemed to be the setup for a move to the upside. But Intel Corporation (INTC) registered one of the biggest one day drops in its history and sent it plunging to early 2018 levels. Data by YCharts What Worked In The Quarter Intel's revenues showed impressive strength in a quarter where one would have expected some degree of disruption. Year over year, revenues were up 20% and earnings were up 16%. Source: Q2-2020 Presentation Data Center performance was phenomenal and was the key driver of revenues in the quarter. Source: Q2-2020 Presentation Data center also showed an expansion of margins and operating income was up about 70% from this segment. Source: Q...
Former Ethereum Researcher Seeks a Change of Venue for North Korea Court Case
Crypto News

Former Ethereum Researcher Seeks a Change of Venue for North Korea Court Case

Ethereum Foundation researcher Virgil Griffith plans to request changes to a court case against him — the result of a trip to North Korea. Griffith “will now seek to get the case moved for lack of venue out of the U.S. District Court for the Southern District of New York,” the Inner City Press said in a July 23 report. Griffith’s court over previous months Griffith faced initial charges from the U.S. District Court for the Southern District of New York in January 2020 for travelling to North Korea where he informed parties on crypto usage and its ability to fly under legal radar. Authorities took Griffith into custody in November 2019. Brian E. Klein, Griffith’s legal counsel, asked the courts to allow the defendant internet usage on July 20, citing a reported incoming consulting job...
McDonald’s to continue pause on dining room reopenings, will require customers to wear masks – NBC News
Stock News

McDonald’s to continue pause on dining room reopenings, will require customers to wear masks – NBC News

McDonald’s will require customers to wear face coverings, starting Aug. 1, and will pause its reopening of dining rooms for another 30 days as coronavirus cases continue to surge in some parts of the country. The company will also add protective panels in its restaurants to allow franchisees to increase order taking, seating capacity and staffing levels. Let our news meet your inbox. The news and stories that matters, delivered weekday mornings.McDonald’s joins other large retailers and restaurant companies such as Walmart, Kroger and Starbucks, in requiring customers to wear masks across all U.S. locations. Employees, who will receive extra training to handle customers who do not want to wear masks, will offer those customers a mask. If the customer declines, an employee will guide...
Commodity Futures Trading DIgest July 2020 – The National Law Review
Commodities

Commodity Futures Trading DIgest July 2020 – The National Law Review

Friday, July 24, 2020 CFTC Extends Relief on Fingerprinting Due to COVID-19 On July 17, the Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) announced that it has extended the time period for the no-action relief provided in CFTC Staff Letter No. 20-16 to registrants listing new principals and to applicants for registration as associated persons (APs) from the requirement to submit a fingerprint card. The relief extends until September 30 or any earlier date on which the National Futures Association (NFA) resumes the processing of fingerprints. Principals and APs relying upon the relief will still be required to submit their fingerprints to NFA within 30 days of NFA’s resumption of fingerprint processing. The CFTC rel...
Gold ETFs to Log Best Week Since March: Winning Bets
ETFs

Gold ETFs to Log Best Week Since March: Winning Bets

Gold ETFs are set to record their highest settlement on record, per an article published on MarketWatch. Two key gold funds are on their way to record their strongest weekly performance since March. The growing uncertainty about the coronavirus situation added sheen to gold investing. The ultra-easy monetary policy is another plus. The Fed has been acting super-dovish since March. The Fed has cut rates to zero and launched an infinite QE policy. The Fed is also buying highly-rated corporate debt as well as fallen angles. Such measures kept the dollar’s strength in check. Safe-haven demand for gold has stayed strong despite bear market rallies as several Wall Street analysts still believe the latest rally doesn’t have legs. Plus, not only the Fed, most developed and emerging economies h...
Mindspace Business Parks REIT raises Rs 1,519 crore from 54 anchor investors
Stock News

Mindspace Business Parks REIT raises Rs 1,519 crore from 54 anchor investors

MUMBAI: K Raheja Corp and Blackstone Group’s Mindspace Business Parks REIT has raised nearly Rs 1,519 crore from 54anchor investors including sovereign entities, insurance companies and mutual funds.International institutions including Government of Singapore, Nomura Trust & Banking, HSBC Global Investment Funds, Fidelity Funds, Societe Generale and Morgan Stanley Asia (Singapore) are among the key anchor investors that have committed investment in the Rs 4,500-crore issue at Rs 275 per unit. The Government of Singapore and Monetary Authority of Singapore have together committed to 15.74% of total anchor investments in the issue. SBI Life Insurance, HDFC Life Insurance, Axis Mutual Fund, Aditya Birla Sun Life Insurance Company and ICICI Prudential funds are among domestic investors...