Nov 1 (Reuters) - Goldman Sachs Group Inc (GS.N) said it had been sued for alleged insider trading related to the Archegos meltdown earlier this year, flagging the lawsuits as potential legal risks in a filing on Monday.The lawsuits were filed by shareholders of three companies - Vipshop Holdings Ltd (VIPS.N), GSX Techedu Inc (GOTU.N) and Tencent Music Entertainment Group (TME.N) - and accu...Read More
BERLIN, Nov 1 (Reuters) - Workers at some Amazon (AMZN.O) warehouses in Germany began strike action on Monday, services sector union Verdi said, as part of a long-running battle with the U.S. tech giant over better pay and working conditions.Germany is Amazon's biggest market after the United States, and Verdi, a leading services sector union, has been organising strikes on and off at Amazon sit...Read More
Nov 1 (Reuters) - Goldman Sachs has brought forward its forecast by a year to July 2022 for the first post-pandemic U.S. interest rate hike, as the investment bank expects inflation to remain elevated."The main reason for the change in our liftoff call is that we now expect core PCE inflation to remain above 3% - and core CPI inflation above 4% - when the taper concludes," Goldman's chief economis...Read More
Nov 1 (Reuters) - Coca-Cola Co (KO.N) said on Monday it would buy the remaining stake in BodyArmor it did not already own for $5.6 billion, as the soda maker amps up its sports drink portfolio to take on market leader, PepsiCo Inc's (PEP.O) Gatorade.The deal, which values BodyArmor at about $6.59 billion, marks a shift in strategy for Coca-Cola that spent the last year offloading or discontinu...Read More
DUBLIN, Nov 1 (Reuters) - U.S. Treasury Secretary Janet Yellen on Monday said she does not think the U.S. economy is overheating and that while inflation is higher than in recent years, it is related to disruption from the COVID-19 pandemic.Data last week showed that U.S. consumer spending increased solidly in September, which together with falling COVID-19 infections and recovering consumer c...Read More
(Reuters) - Goldman Sachs Group Inc has come up with a new offering that allows investors to bet on special purpose acquisition companies (SPACs), its latest attempt to capitalize on the dealmaking trend, people familiar with the matter said.The product is structured as a two-year bond that pays interest and gives investors exposure to SPACs without owning them, the sources said. It could appeal t...Read More
BENGALURU, Nov 1 (Reuters) - Indian shares kicked off November on a strong note as realty and metal stocks helped benchmark indexes close more than 1% higher on Monday after three straight sessions of losses, with sentiment aided by upbeat corporate results.The blue-chip NSE Nifty 50 index (.NSEI) closed up 1.46% at 17,929.65, while the benchmark S&P BSE Sensex (.BSESN) gained 1.40% to end at...Read More
(Reuters) - Brazil's Nubank on Monday lifted the veil off its filing for an initial public offering in the United States, revealing it is targeting a valuation of over $50 billion, setting the stage for one of the biggest stock market flotations this year.The company said it is offering 289.2 million shares at a price between $10 and $11 per share. At the top end of that range, the IPO will fetch...Read More
LONDON (Reuters) - Barclays chief executive Jes Staley is leaving the bank after a dispute with British financial regulators over how he described his ties with convicted sex offender Jeffrey Epstein.Staley will be replaced as CEO by Barclays' head of global markets C.S. Venkatakrishnan, who on Monday pledged to continue his predecessor's strategy.Staley's shock departure comes after Barclays was...Read More
MOSCOW, Nov 1 (Reuters) - Russia's flagship Urals oil grade is facing growing competition in its European heartlands amid rising supplies of Norway's Johan Sverdrup (JS Blend) crude and reduced opportunities for the Norwegian grade in Asian markets, traders said.Urals and JS Blend, both medium sour crudes and available from European ports, are similar in quality and logistical requirements, and ta...Read More
SHANGHAI, Nov 1 (Reuters) - Chinese homebuilder Yango Group (000671.SZ) offered on Monday to exchange some U.S. dollar bonds for new notes personally guaranteed by its chairman as it struggles to free up cash and avoid defaulting on upcoming debt payments.Yango's liquidity crunch comes against the backdrop of a crisis at larger rival China Evergrande Group (3333.HK), which has stoked concern am...Read More
(Adds details)LONDON, Nov 1 (Reuters) - Britain's BT, fresh from bolstering its defences against a possible takeover bid, said on Monday it had delivered its annual 1 billion pounds ($1.37 billion) cost savings target 18 months ahead of schedule, driving its shares higher.Britain's biggest broadband and telecoms group announced the news less than a week after a source confirmed it had also appoint...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold pricesare holding mild gains in early U.S. dealings Monday. Light support is comingfrom a weaker U.S. dollar index, firmer crude oil prices and falling U.S.government bond yields on this first tr...Read More
Nov 1 (Reuters) - Along with the supply-chain headaches everyone is fighting - from clogged ports to empty store shelves - Ryan Gunnigle is focused on the potential for the opposite problem: gluts."Customers are just flinging crazy orders right now, so it's hard to determine the real level of demand," said the chief executive of Kids2, the Atlanta-based toy company best known as the maker of Baby...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollar are higherin early U.S. trading Monday. Bulls are keeping alive a price uptrend in placeon the daily bar chart. They have to defend last week's low, as a drop belowthat key chart su...Read More
Mr. Jim Payne reportsDYNACERT ANNOUNCES ITS TECHNOLOGY IMPLEMENTATION BY SOFINA FOODSDynaCERT Inc. has implemented its flagship HydraGen technology and its telematics HydraLytica technology by Sofina Foods Inc. in Canada.KarbonKleen Inc., a preferred system provider of DynaCERT, has informed the company that Sofina will expand its installation of DynaCERT's technology from four HydraGEN technology...Read More
Bob Moriarty ArchivesNov 1, 2021When I talk with management of any company wanting to brief me, I try to stay away from the elevator pitch. Every company president or CEO has given it 3,587 times and has it memorized. All they tell you is what they want you to know. Naturally they tend to ignore all the things you really need to know. So in any meeting when I appear to be chatting in reality I am...Read More
George Gammon, Released on 11/1/21George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the a...Read More
McKayla J, Released on 11/1/21Wasn't Don Lemon berating people about not wearing masks and telling his audience how dangerous Florida was ???" Why is he there? pic.twitter.com/bSFxzDZGh2- McKayla J (@McKaylaRoseJ) November 1, 2021 VIDEO: Florida-Bashing COVID Propagandist Don Lemon Caught Maskless In Florida On Vacation added by Herman James on 10/31/2021View all posts by Herman James ?+'Read More
Financial Survival Network, Released on 11/1/21John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a f...Read More