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Virgin Galactic reschedules test flight window to start December 11
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: A Banner hangs outside the New York Stock Exchange (NYSE) ahead of the Virgin Galactic (SPCE) IPO in New York, U.S., October 28, 2019. REUTERS/Brendan McDermid(Reuters) - Space tourism company Virgin Galactic Holdings Inc said on Tuesday it had set a new test-flight window opening on Dec. 11, after pausing preparations last month due to COVID-19 restrictions imposed by New Mexico. The Richard Branson-founded company said the rocket-powered test flight would also carry payloads for NASA as part of a contract announced on Monday. Virgin Galactic is aiming to obtain a commercial operating license from the U.S. Federal Aviation Administration after conducting a certain number of test flights. The December flight, pending good weather conditions and technical readiness, will be conducted by essential personnel only, with no guests or media onsite, Virgin Galactic said.
Persons: Brendan McDermid, Richard Branson Organizations: New York Stock Exchange, Virgin Galactic, REUTERS, Space, Virgin Galactic Holdings Inc, NASA, U.S . Federal Aviation Administration Locations: New York, U.S, New Mexico
Disney consolidates TV studios as part of focus on streaming
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com + 0.88   time to read: 1 min
FILE PHOTO: Logo di The Walt Disney Company proiettato nella sede della Borsa di New York, Stati Uniti, 14 dicembre 2017 REUTERS/Brendan McDermidLOS ANGELES (Reuters) - Walt Disney Co said on Tuesday it had consolidated its television studios into two units as the company restructures operations to emphasize streaming media. Karey Burke, who has been president of ABC Entertainment, will now head the 20th Television unit, Disney said in a statement. Jonnie Davis will continue oversight of the second unit, called ABC Signature.
Persons: Stati Uniti, Brendan McDermid, Karey Burke, Disney, Jonnie Davis Organizations: Walt Disney Company, ANGELES, Reuters, Walt Disney Co, ABC Entertainment, 20th Television, ABC Locations: di New York
Former Tesla employee to pay $400,000 to end lawsuit over tips to reporters
  + stars: | 2020-12-01 | by ( Jonathan Stempel | ) www.reuters.com sentiment -1.00   time to read: +1 min
REUTERS/Brendan McDermid/File Photo(Reuters) - A former Tesla Inc factory employee will pay Elon Musk’s electric car maker $400,000 after it accused him of tipping reporters about alleged production inefficiencies and delays, a court filing shows. Tesla and Musk became embroiled in a public dispute with Tripp in June 2018, when it fired and then sued him. The Palo Alto, California-based company accused Tripp of writing software to hack into its manufacturing operating system, stealing trade secrets, and making false claims to reporters about information he stole. According to the court filing, Tripp did not contest Tesla’s claims that he stole trade secrets, and acknowledged that his counterclaims were funded by a short seller of Tesla stock. The case is Tesla Inc v Tripp, U.S. District Court, District of Nevada, No.
Persons: Brendan McDermid, Martin Tripp, Judge Miranda Du, Musk, Tripp, Du, Tesla Organizations: REUTERS, Tesla Inc, Elon, Tesla, Tripp, District of Locations: Manhattan's Meatpacking, New York City, U.S, Reno , Nevada, Palo Alto , California, District, District of Nevada
(Reuters) - Wall Street’s main indexes were set to open higher on Tuesday as better-than-expected factory data from China and hopes that a COVID-19 vaccine will be rolled out before the end of the year bolstered bets of a speedy economic recovery. FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in the financial district in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File PhotoInvestors are closely following updates on a handful of leading vaccine candidates as well as the start of global shipments as drugmakers submit paperwork for regulatory approvals. ET, Dow E-minis were up 299 points, or 1.01% and S&P 500 E-minis were up 0.93%. Tesla Inc rose about 4.5% after S&P Dow Jones Indices said it would add one of Wall Street’s most valuable companies to the S&P 500 index all at once on Dec. 21.
Persons: Brendan McDermid, , Steven Blitz, Dow, Steven Mnuchin, Jerome Powell, Powell Organizations: Reuters, New York Stock Exchange, REUTERS, Pfizer Inc, Moderna, TS Lombard, Investors, Carnival Corp, Royal Caribbean Cruises Ltd, Delta Air Lines Inc, United Airlines Holdings, Big, Dow E, Nasdaq, Federal, Communications, Tesla, Dow Jones Indices Locations: China, New York, U.S, EU, United States, California, Big U.S
Wall Street gains on vaccine cheer, robust China data
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in the financial district in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File Photo(Reuters) - Wall Street’s main indexes opened higher on Tuesday as better-than-expected factory data from China and hopes that a COVID-19 vaccine will be rolled out before the end of the year bolstered bets of a speedy economic recovery. The Dow Jones Industrial Average rose 158.86 points, or 0.54%, at the open to 29,797.50. The S&P 500 opened higher by 24.24 points, or 0.67%, at 3,645.87, while the Nasdaq Composite gained 114.63 points, or 0.94%, to 12,313.36 at the opening bell.
Persons: Brendan McDermid Organizations: New York Stock Exchange, REUTERS, Dow Jones, Nasdaq Locations: New York, U.S, China
WASHINGTON (Reuters) - The United States entered the final month of the year hoping that promising vaccine candidates will soon be approved to halt the rapidly spreading novel coronavirus after 4.2 million new cases were reported in November. FILE PHOTO: A health worker provides a COVID-19 test at a drive-through testing site, as the coronavirus disease (COVID-19) continues to spread, in Staten Island, New York, U.S. November 25, 2020. “One hundred percent of the Americans that want the vaccine will have the vaccine by (June). We will have over 300 million doses available to the American public well before then,” Paul Ostrowski, the vaccine program’s director of supply, production and distribution, told MSNBC television on Monday. “If these trends continue, we’re going to have to take much more dramatic, arguably drastic, action.”
Persons: Brendan McDermid, Donald Trump’s, Johnson, ” Paul Ostrowski, Webster, Trump, Joe Biden, Biden, California’s, Gavin Newsom Organizations: WASHINGTON, United, REUTERS, U.S . Food, Drug Administration, Pfizer Inc, Moderna Inc, AstraZeneca PLC, Johnson, Trump, MSNBC, Reuters, Merriam Locations: United States, Staten Island , New York, U.S,
WASHINGTON (Reuters) - U.S. officials on Monday unveiled details for the swift distribution of COVID-19 vaccines to millions of Americans after the United States broke records for new coronavirus infections and hospitalizations. FILE PHOTO: A health worker provides a COVID-19 test at a drive-through testing site, as the coronavirus disease (COVID-19) continues to spread, in Staten Island, New York, U.S. November 25, 2020. The U.S. Transportation Department said on Tuesday it has made preparations to enable the “immediate mass shipment” of COVID-19 vaccines and completed all necessary regulatory measures. A CDC advisory panel is due to vote on Tuesday afternoon on recommendations for which Americans should get the vaccine first. A record of nearly 96,000 COVID-19 patients were in hospitals on Tuesday, according to a Reuters tally.
Persons: Brendan McDermid, Donald Trump’s, ” Moncef, Slaoui, Johnson, , Dave Chokshi, ” Chokshi, Bill de Blasio, ” de Blasio Organizations: WASHINGTON, United States, REUTERS, GlaxoSmithKline, The Washington, Pfizer Inc, Moderna Inc, Drug Administration, Pfizer, Moderna, AstraZeneca Plc, Johnson, U.S . Transportation Department, U.S . Centers for Disease Control, Prevention, CDC, Reuters, University of Washington’s Institute for Health Metrics, American Health Care Association, National Center for Locations: United, Staten Island , New York, U.S, United States, ebbing, New York City, New
Amazon brings macOS to cloud in a boost to Apple app developers
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +1 min
REUTERS/Brendan McDermid(Reuters) - Amazon.com Inc will run Apple Inc’s macOS on its cloud service for the first time, allowing app developers for Apple’s devices to access the operating system on demand, the company’s cloud unit Amazon Web Services said on Monday. The service, called Amazon Elastic Compute Cloud (EC2) Mac instances, runs on Mac mini computers and will support developers creating apps for iPhone, iPad, Mac, Apple Watch, Apple TV, and Safari, the cloud unit said. Amazon previously offered the EC2 instances service for Windows and Linux. Amazon Web Services Inc (AWS) said it will use the version of Mac mini computers with Intel’s eighth-generation 3.2GHz Core i7 processors for EC2 Mac instances. “With EC2 Mac instances, developers can ... focus on creating groundbreaking apps for Apple’s industry-leading platforms, rather than procuring and managing the underlying infrastructure,” David Brown, vice president of EC2 at AWS, said.
Persons: Brendan McDermid, ” David Brown Organizations: REUTERS, Apple, Web, Apple Watch, Apple TV, Amazon, Windows, Linux, Services Locations: Staten Island , New York, U.S
Asking for a pay rise can feel like a mysterious and daunting, especially during the current economic uncertainty. Timing is everythingYou can increase your chances of receiving a pay rise if you ask at the right time. "I negotiated a pay rise with my manager during the business' performance review period, which resulted in my raise taking immediate effect." Know your worthConfidence is key when negotiating a pay rise. If your manager doesn't grant you a pay rise, which could be due to a lack of funds, consider requesting non-financial alternatives.
Persons: it's, Brendan McDermid, James Reed, Reed, Natalie Montgomery, , Montgomery, Priya Unwith, you've, doesn't Organizations: REUTERS, UK's Companies, Almara Consulting, LAB Group Locations: Montgomery
Brendan McDermid/ReutersBlackBerry surged as much as 65% on Tuesday after the company inked a multi-year deal with Amazon to develop and market its "Intelligent Vehicle Data Platform." The cloud software, called IVY, allows automakers to read vehicle sensor data and improve systems and performance, according to a press release. BlackBerry rocketed as much as 61% higher on Tuesday after inking a multi-year deal with Amazon to develop and market BlackBerry's "Intelligent Vehicle Data Platform". The platform, named IVY, includes cloud-connected software that allows automakers to read vehicle sensor data and "create actionable insights from that data" to improve vehicle performance, according to a press release. Integration with Amazon Web Services allows data management and configuration across different vehicles to take place in the cloud, according to the release.
Persons: John Chen, Brendan McDermid, Read, Dennis Lynch, IVY Organizations: BlackBerry, New York Stock Exchange, Reuters BlackBerry, Amazon, Amazon Web Services, HSBC, Amazon Web, Volkswagen, Toyota, Markets, New York Fed Locations: New York, U.S, New
Brendan McDermid/ReutersAuris Medical soared as high as 480% on Tuesday on news that its nasal spray, AM-301, could potentially protect against the coronavirus. Watch Auris Medical trade live here. Auris Medical soared as high as 480% on Tuesday after it announced lab-test results that show its nasal spray could protect against the coronavirus. Auris tested its nasal spray, AM-301, on human nasal cells reconstituted in a lab. AM-301 is a drug free nasal spray being developed by Auris' affiliate, Altamira Medica.
Persons: Brendan McDermid, Auris, Read more:HSBC, Thomas Meyer, Meyer, Auris Meyer Organizations: Reuters Auris, Auris, Altamira Medica Locations: New York, Bermuda, Altamira
WASHINGTON/NEW YORK (Reuters) - Data giant S&P Global Inc’s plan to buy IHS Markit Ltd for $44 billion will face hard questions from the incoming administration of President-elect Joe Biden, which has indicated that antitrust enforcement will get tougher, anti-trust experts said on Monday. FILE PHOTO: The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018. “It would have been better for them if they tried to do this last spring.”Asked about potential antitrust concerns, Douglas Peterson, CEO of S&P Global, sounded an optimistic note. The S&P/IHS deal would likely be investigated by the Justice Department, whose antitrust leadership may not be in place for months. But she also noted that other big companies provide data to investors and said she would be surprised if, after any scrutiny, the deal was challenged.
Persons: Joe Biden, Brendan McDermid, Burton, Taylor, , , Seth Bloom, Douglas Peterson, Anna Pletcher Organizations: WASHINGTON, IHS, REUTERS, Bloomberg, Thomson Reuters Corp, Reuters, Refinitiv, Biden DOJ, Justice Department, Bloom, P, London Stock Exchange Group, Italiana, Biden, Progressive Democrats, Moody’s Corp, Intercontinental Exchange, Group Inc, Factset Research Systems Inc Locations: New York City, U.S, Burton
Unilever to try out four-day working week in New Zealand
  + stars: | 2020-11-30 | by ( Reuters Staff | ) www.reuters.com + 0.80   time to read: +2 min
WELLINGTON (Reuters) - Global consumer goods giant Unilever said on Tuesday it was poised to try out a four-day working week for all its New Zeland employees. The employees will be paid for five days while working just four. Unilever New Zealand managing director Nick Bangs said the aim was to change the way work is done, not increase the working hours on four days. A shorter working week has been debated for a while in New Zealand with estate planning firm Perpetual Guardian making headlines last year for pioneering the idea and declaring it had seen big productivity increases. However, the New Zealand government has not taken the idea on board in its offices yet.
Persons: Brendan McDermid Unilever, Nick Bangs, , Jacinda Ardern, Bangs Organizations: WELLINGTON, Reuters, Global, Unilever, REUTERS, Unilever New Zealand, Guardian, New Zealand Locations: New York, U.S, New Zealand
But there is a potential wild card: outgoing President Donald Trump, the head of asset allocation at Pacific Life Fund Advisors said on Monday. FILE PHOTO: A man walks outside the New York Stock Exchange (NYSE) in New York, U.S., November 24, 2020. U.S. stocks rallied during Trump’s presidency, up more than 60% from his 2016 election to the Nov. 3 Election Day. In addition, equipment from Caterpillar and United Rentals, which would benefit from infrastructure spending, also run on oil products, suggesting a positive knock-on effect for energy companies, Gokhman said. “If infrastructure, stimulus and vaccine deployment go well then you could have an absolutely incredible market” next year, he said.
Persons: Donald Trump, Brendan McDermid, Joe Biden, Biden, , Max Gokhman, voluble Trump, Biden’s Jan, Gokhman, “ Trump won’t, Trump’s, Stocks, Trump, ” Gokhman Organizations: YORK, Life Fund, New York Stock Exchange, REUTERS, Dow, Nasdaq, Reuters Global Investment Outlook, Life, Advisors, Pentagon, Wildlife Refuge, U.S, Senate, Logistics, FedEx, UPS, Chevron, Exxon, Caterpillar, United Rentals Locations: U.S, New York, Georgia
OTHER SIGNSAs central bank bond purchases suppress rate volatility, investors have turned to markets like stocks and foreign exchange for signals on the macroeconomic outlook. Five-year breakeven rates, however, have picked up from under 1% in June, and some houses have listed unexpected inflation moves as a risk. Morgan Stanley strategists recommend buying 5-year breakevens, forecasting break-even inflation rates across the U.S. curve to rise above 2% by the end of 2021. Countering that is the wide-ranging conviction that, even if inflation does tip higher, Fed buying will keep fixed rate bond prices high and quell yields as it seeks a more durable expansion in inflation expectations and growth. “The underlying theme here is that we believe there could be increased volatility in the future,” he said.
Persons: Brendan McDermid, Nancy Davis, ” Davis, Amundi, Morgan Stanley, David Wagner, Organizations: Reuters, U.S, REUTERS, U.S . Federal, Reuters Global Markets, , Securities, Fed, Aptus Capital Advisors Locations: Wall St, New York, U.S, COVID
While smaller names typically see outsized price moments compared to their larger brethren, the small cap gains for November have nearly doubled the roughly 11% gain in the S&P 500 this month. Small cap stocks are generally seen as the first to recover as the U.S. economy pulls out of a recession. In the large cap S&P 500, the same four sectors account for about 24.5% of the overall index weighting. Graphic: 20-year performance of Russell to S&P 500In addition, small caps appear comparatively cheap, even with the strong November performance. Graphic: Small cap price to earnings relative to large capWhile the longer economic outlook may be positive, the next few months are expected to be rocky, which could lead to some volatility for small caps.
Persons: Brendan McDermid, Russell, , Tom Hainlin, “ You’ve, Steven DeSanctis, DeSanctis, Keith Lerner, Michael Feroli, It’s, Morgan, Lisa Shalett, Sam Stovall, Stovall Organizations: YORK, REUTERS, Netflix Inc, Moderna Inc, Pfizer Inc, U.S, Bank, Group, Jefferies, FTSE Russell, Suntrust, Services, JPMorgan, Federal, Morgan Stanley Wealth Management, Research Locations: U.S, Wall St, New York, COVID, Minneapolis, Atlanta
Futures dip as S&P 500 heads towards best November ever
  + stars: | 2020-11-30 | by ( Shriya Ramakrishnan | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File Photo(Reuters) - U.S. stock index futures dipped on Monday as investors paused ahead of crucial economic indicators later this week to take stock of what was set to be a record-setting month for the benchmark S&P 500. Data giant S&P Global Inc dipped 1.6% in premarket trading as it announced a $44 billion deal to buy IHS Markit Ltd. IHS shares rose about 7%. Prospects of a smooth handover of power to President-elect Joe Biden after weeks of legal challenges mounted by incumbent President Donald Trump have also aided the stock-market rally. ET, Dow E-minis were down 0.61%, S&P 500 E-minis were down 0.41% and Nasdaq 100 E-minis were down 0.01%.
Persons: Brendan McDermid, Joe Biden, Donald Trump, Biden, Kamala Harris, Jerome Powell Organizations: New York Stock Exchange, REUTERS, P Global, IHS Markit, IHS, Chevron Corp, Occidental Petroleum, ConocoPhillips, Dow E, Nasdaq, Macy’s Inc, Walmart Inc, Committee Locations: New York, U.S, COVID
(Reuters) - The S&P 500 was set to open lower on Monday as investors paused to take stock of what was set to be the benchmark index’s best November ever. FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. The S&P value index has rallied about 14% this month after underperforming the benchmark index all year. (Graphic: S&P 500 set for its best November ever )At 08:20 a.m. ET, Dow E-minis were down 0.49%, S&P 500 E-minis were down 0.24%.
Persons: Brendan McDermid, , Robert Pavlik, Joe Biden, Donald Trump, Biden, Jerome Powell, Trump Organizations: Reuters, New York Stock Exchange, REUTERS, P Global, IHS Markit, IHS, Moderna, U.S, Dakota Wealth, Dow, Dow E, Nasdaq, Macy’s, Kohl’s Corp, Committee . Energy, Chevron Corp, Occidental Petroleum, ConocoPhillips, CNOOC Locations: New York, U.S
S&P 500, Dow slip at open, still set for stellar November
  + stars: | 2020-11-30 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File Photo(Reuters) - The S&P 500 opened lower on Monday as investors paused ahead of crucial economic indicators later this week to take stock of what was set to be the benchmark index’s best November ever. The Dow Jones Industrial Average fell 55.86 points, or 0.19%, at the open to 29,854.51. The S&P 500 opened lower by 4.17 points, or 0.11%, at 3,634.18, while the Nasdaq Composite gained 18.40 points, or 0.15%, to 12,224.25 at the opening bell.
Persons: Brendan McDermid Organizations: New York Stock Exchange, REUTERS, Dow Jones, Nasdaq Locations: New York, U.S
S&P 500 ends down after rallying to best November ever
  + stars: | 2020-11-30 | by ( Noel Randewich | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - The S&P 500 index ended lower on Monday as investors took profits after a sharp rally in recent weeks that led to the benchmark’s best November ever. REUTERS/Brendan McDermid/File PhotoMost of the major S&P 500 sectors fell, with the energy index leading losses, tracking a drop in crude prices. The S&P 500 technology index rose, thanks to a rise in Apple Inc shares. IHS Markit topped gains on the S&P 500 after data giant S&P Global agreed to buy the financial information provider in a $44 billion deal that would be the biggest corporate acquisition of 2020. Unofficially, the Dow Jones Industrial Average fell 265.91 points, or 0.89%, to 29,644.46, the S&P 500 lost 16.5 points, or 0.45%, to 3,621.85 and the Nasdaq Composite dropped 7.11 points, or 0.06%, to 12,198.74.
Persons: Brendan McDermid, , , Sam Stovall, Jerome Powell, Alex Azar, Nikola Corp Organizations: Reuters, New York Stock Exchange, REUTERS, Apple Inc, IHS, P Global, Dow Jones, Banking Committee, Nasdaq, Health, Christmas, Moderna Inc, U.S, Macy’s, Kohl’s Corp, Nikola, General Motors, Detroit, & & $ Locations: New York, U.S
FILE PHOTO: The Apple logo is seen at an Apple Store in Brooklyn, New York, U.S. October 23, 2020. REUTERS/Brendan McDermidROME (Reuters) - Italy’s antitrust authority said on Monday it had fined Apple 10 million euros ($12 million) for “aggressive and misleading” commercial practices regarding its iPhones. The regulator said in a statement the company advertised that several iPhone models were water-resistant without clarifying they were only so under certain circumstances. It added that the company’s disclaimer, saying that its phones were not covered by warranty in case of damage from liquids, tricked clients, who were also not provided support when their phones were damaged by water or other liquids. Apple declined to comment.
Persons: Brendan McDermid ROME Organizations: Apple, REUTERS Locations: Brooklyn , New York, U.S
Global stock markets slide at end of record November
  + stars: | 2020-11-30 | by ( David Randall | ) www.reuters.com + 0.00   time to read: +3 min
November’s record 12.6% leap added approximately $6.7 trillion - or $155 million a minute - to the value of world equities. “It has been a very, very strong month for markets, especially on the equity side but also on the fixed income side too,” said Elwin de Groot, Rabobank’s head of macro strategy. Many European markets wrapped up their best month ever, with France up 21% and Italy almost 26%. “Markets are overbought and at risk of a short-term pause,” said Shane Oliver, head of investment strategy at AMP Capital. FILE PHOTO: A man walks outside the New York Stock Exchange (NYSE) in New York, U.S., November 24, 2020.
Persons: , Elwin de, Rabobank’s, De Groot, Shane Oliver, Brendan McDermid “, Moderna, Jerome Powell, Brent Organizations: YORK, European Central Bank, Dow Jones, Nasdaq, AMP, New York Stock Exchange, REUTERS, U.S . Food, Drug Administration, European Union . Federal Locations: EU, Elwin de Groot, Asia, Europe, France, Italy, Japan, New York, U.S, China
Amazon workers at German warehouse to strike again
  + stars: | 2020-11-29 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: +1 min
FILE PHOTO: The Amazon logo is pictured outside the company's JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid/File PhotoBERLIN (Reuters) - Trade union Verdi on Sunday called on workers at a German Amazon warehouse to strike for the second time in a week to disrupt the processing of orders following the ‘Black Friday’ discount shopping sales on Nov. 27. An Amazon spokesman said last month that the company offered “excellent” salaries, with benefits and working conditions comparable with other major employers. The U.S. retail giant has seen sales soar globally as restrictions to prevent the spread of the coronavirus sent consumers online, making it difficult for some bricks-and-mortar shops to compete. Verdi argues this has strengthened the case for higher wages, adding workers were not sufficiently protected against the spread of the coronavirus.
Persons: Brendan McDermid, Verdi Organizations: REUTERS, BERLIN, Trade, Amazon Locations: Staten Island , New York, U.S, Germany, United States
REUTERS/Brendan McDermidAnalysts are projecting that earnings for S&P 500 companies will rise 23% next year after falling more than 15% this year due to the coronavirus pandemic, according to IBES data from Refinitiv. The S&P 500 is trading at 23 times expected earnings for the next four quarters, only slightly lower than its June peak of 25 times expected earnings - its highest in roughly two decades. S&P 500 earnings growth estimates for 2021 have weakened from 28% on Oct. 1 to 22.5% as of Friday, based on Refinitiv’s data. “A disconnect is starting to occur,” said Nick Raich, chief executive of The Earnings Scout, an independent research firm. Analysts expect energy earnings to jump nearly 600% in 2021, while they project industrial earnings to climb 79%, based on Refinitiv’s data.
Persons: Brendan McDermid, , Nick Raich, Savita Subramanian, Jim Paulsen, Joe Biden’s, Biden Organizations: YORK, New York Stock Exchange, REUTERS, BofA Global Research Locations: New York City, U.S, Minneapolis
Rouhani says Iran will retaliate for scientist killing 'at the proper time'
  + stars: | 2020-11-28 | by ( Reuters Staff | ) www.reuters.com sentiment -0.78   time to read: 1 min
FILE PHOTO: Iranian President Hassan Rouhani speaks at a news conference on the sidelines of the United Nations General Assembly in New York, U.S., September 26, 2019. REUTERS/Brendan McdermidDUBAI (Reuters) - Iran will retaliate for the killing of its prominent nuclear scientist at “the proper time”, President Hassan Rouhani said in a televised speech on Saturday, a day after Mohsen Fakhrizadeh was killed in an ambush near Tehran. Rouhani accused Israel of the killing. “Our people are wiser than to fall in the trap of the Zionist regime (Israel) ... Iran will surely respond to the martyrdom of our scientist at the proper time,” he said.
Persons: Hassan Rouhani, Brendan Mcdermid, Mohsen Fakhrizadeh, Rouhani, Israel, , Organizations: United Nations General Assembly, REUTERS, Reuters, Zionist Locations: New York, U.S, Brendan Mcdermid DUBAI, Iran, Tehran, Israel
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