Hong Kong Exchange Trading Halted as Severe Storm Surge
Hong Kong Exchange canceled morning trading session after storm signal 8 was reported, according to press release. Trading for the day will be canceled if typhoon 8 or stronger signal…
PM Johnson to impose more COVID-19 Restrictions despite Rising Anger
UK Prime Minister Boris Johnson will impose a three-tiered system of COVID-19 restrictions on parts of England as pandemic accelerates, despite rising anger due to curtailment of freedoms, according to…
Trump’s Administration Partners with AstraZeneca for COVID-19 Antibodies’ Manufacture
Trump’s administration entered into an agreement with AstraZeneca for late-stage and large scale manufacture of AZD7442, a combination of two monoclonal antibodies that treats or prevents SARS-CoV-2, according to press…
Mallinckrodt Files for Bankruptcy in Delaware
Mallinckrodt announced it has voluntarily initiated Chapter 11 proceedings declaring itself bankrupt at the District of Delaware, according to Bloomberg Law. The company aims to modify its capital structure through…
Devastating Hurricane Delta Winds Disrupt U.S. Oil Refineries
Oil refineries equipment was destroyed and export ports closed as destructive Category 2 Hurricane Delta winds and storms traveled far from its center according to Reuters. Power lines were shut…
Stock Soars as Fastly now available on Google Cloud Marketplace
Fastly announced its availability on the Google Cloud Platform (GCP) after partnering with Google to make its services available on the cloud, according to press release. Fastly’s partnership with Google…
Canadian September Employment Rises, Beats Expectations
Canadian employment is up 2.1% to 378,200 in September, more than analysts’ 150,000 estimate, according to press release. Unemployment rate is 9.0%, better than estimated 9.8%. Full time employment change…
U.K.’s GDP Expanded by 2.1% in August, Growth below 4.6% Estimate
The U.K. GDP was up 2.1% for a fourth consecutive month as COVID-19 lockdown measures eased, according to press release. August's GDP is 21.7% higher than April's record fall of…
U.S. Stock Futures Rising amidst Relief Package Talks Drama
Investors are closely monitoring developments of U.S. stimulus aid package talks. President Donald Trump said talks had resumed, and House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are expected…
Domino Pizza Records Growth in Q3 2020 Result
Domino’s Q3 global retail sales increased 14.4% (14.8% excluding foreign currency impact) according to press release. Sales growth driven by changing customer ordering behavior during the Covid-19 pandemic. U.S. same-store…
Fitch Affirms Alibaba Rating at A+ again. Here are the key reasons
Fitch Ratings affirmed Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating “A+," affirming the Chinese-based e-commerce giant stable outlook, according to FitchRatings. Rating underscore’s Alibaba’s strong business…
Debate between Vice President Pence and Harris. Highlights
The presidential debate between Vice President Mike Pence and Senator Kamala Harris was quieter, clearer, and disciplined than the previous Trump and Biden encounter, according to CNBC. The debate began…