The electric-car maker's strong quarter and big guidance highlight its impressive growth in vehicle production and deliveries.
The CDC reported its tally of cases of the respiratory illness known as COVID-19, caused by the new coronavirus, as of 4 p.m. ET on Nov. 28 compared with its previous report a day earlier. The CDC figures do not necessarily reflect cases reported by individual states.
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The Arab uprisings a decade ago were supercharged by online calls to join the protests -- but the internet was soon flooded with misinformation, weakening the region's cyber-activists.
A firefighter dodged a dangerous attack by a stray cow in Richmond, New South Wales, while the fire brigade were checking fire hydrants in the area.This footage was uploaded to Facebook by Fire and Rescue NSW with the caption, “The stray cow must’ve seen red and decided to chase a firefighter on the roadway, who had to mooove out of the way.”The caption continued, saying the firefighter was unharmed and “only his ego was bruised.” Credit: Fire and Rescue NSW Station 082 Richmond via Storyful
The Reserve Bank of Australia (RBA) will likely hold its cash rate at a historic low of 0.1% at its monthly policy meeting on Dec. 1, showed a Reuters poll of 15 economists. The central bank is also likely to maintain its A$100 billion ($73.93 billion) quantitative easing programme, buying five- to 10-year government bonds, the poll showed. "There has been a sea-change in RBA thinking and a raft of unconventional easing initiatives this year - including quantitative easing and aggressive (dovish) forward guidance - and we expect the board to sit back and take stock at this time," said Nomura strategist Andrew Ticehurst.
US president-elect Joe Biden has a foot fracture and will likely have to wear a medical boot, his team said Sunday after the 78-year-old was taken to the doctor because he had slipped while playing with his dog. Biden, who will become the oldest US president upon his January swearing-in, suffered the injury Saturday with Major, one of his two German shepherds.The president-elect's personal physician Kevin O'Connor initially said x-rays had not uncovered any "obvious fracture", but added that an additional CT scan would still be done.That scan "confirmed hairline (small) fractures... in the mid-foot," O'Connor said in a subsequent statement released by Biden's office.He added that the former vice president, who won election against Donald Trump in November, "will likely require a walking boot for several weeks".With both Biden and Trump in their 70s, age was an issue in the presidential race, even if it often took a backseat to pressing matters like the Covid-19 pandemic.Trump's health was briefly of intense concern when he caught Covid-19, but the president resumed campaigning after getting a series of treatments -- including an experimental antibody cocktail.Trump, a famously finicky germophobe, was the first president in over a century to not have a dog.The Bidens fostered and then adopted Major in 2018, while Champ has been with the family since 2008. Biden officials have said Major will become the first rescue dog to live in the White House.(AFP)
(Bloomberg) -- Stocks in Asia swung from gains to losses along with U.S. and European equity futures as investors monitored progress on the path to a coronavirus vaccine on the final day of a record month for global equities. Oil retreated.S&P 500 futures opened higher when trading began for this week, then slipped, as did Australian and Japanese shares. A gauge of the dollar extended its recent retreat to the lowest level since April 2018. The yuan edged higher as activity in China’s manufacturing sector picked up faster than expected in November and the central bank unexpectedly injected funds into the financial system. Oil retreated after an OPEC+ agreement to postpone an output increase planned for January remained elusive before a meeting Monday. Gold dropped.On Sunday, U.S. Surgeon General Jerome Adams said the federal government hopes to quickly review and approve requests from two big drugs makers for emergency approval of their Covid-19 vaccines. Meanwhile, Reuters reported that the Trump administration is adding SMIC and CNOOC Ltd. to a blacklist of alleged Chinese military companies.Global equities are up 13% in November as positive vaccine news helped drive expectations that a global economic recovery can pick up in 2021, helping flows into companies with earnings more closely tied to a rebound in growth. Goldman Sachs Group Inc. expects a large proportion of the public across major developed economies to receive a vaccine by the middle of 2021, driving a “sharp pickup” in global growth. While New York City schools will begin to reopen Dec. 7, California cases rose to a record after Los Angeles and San Francisco imposed tighter restrictions.“As long as the trajectory in economic data is one for improvement, then there is room for the cyclical areas to outperform,” Nader Naeimi, a multi-asset fund manager at AMP Capital Investors Ltd., said on Bloomberg TV. “Those cyclical, value areas are likely to be beneficiaries of the environment we are going into post vaccine and more normalization.”A full meeting of OPEC and its allies will take place Monday, and unless an agreement is revised this week, they will restart about 1.9 million barrels a day of halted output threatening to undermine the recent surge in crude prices.These are some key events coming up:OPEC holds a virtual full ministerial meeting to make a final decision on whether a production supply hike should proceed as scheduled in January.The Reserve Bank of Australia holds a policy meeting on Tuesday.Federal Reserve Chairman Jerome Powell testifies before Congress on Tuesday and Wednesday.The U.S. employment report on Friday is expected to show more Americans headed back to work in November, though at a slower pace than last month.Here are the main moves in markets:StocksS&P 500 futures dipped 0.2% as of 11:52 a.m. in Tokyo. The gauge rose 0.2% on Friday.Japan’s Topix index fell 0.5%.Hong Kong’s Hang Seng declined 0.3%.Australia’s S&P/ASX 200 Index dropped 0.8%.Euro Stoxx 50 futures fell 0.5%.CurrenciesThe yen was at 103.88 per dollar, up 0.2%.The offshore yuan traded at 6.5691 per dollar.The euro bought $1.1972, up 0.1%.BondsThe yield on 10-year Treasuries remained at 0.84%.Australia’s 10-year yield held at 0.90%.CommoditiesWest Texas Intermediate crude fell 1% to $45.08 a barrel.Gold was at $1,775.76 an ounce, down 0.7%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Goals from Pedro Neto and Daniel Podence gave Wolverhampton Wanderers a 2-1 at the Emirates Stadium, a result that left Arsenal on 13 points, eight behind leaders Tottenham Hotspur, after 10 matches. Unai Emery was sacked as Arsenal coach a year to the day on Sunday when the club were sitting eighth, but Arteta said he was focused on the team's future, not his own.
Tom Brady passed the megastar QB baton to Patrick Mahomes long before Sunday's matchup of teams heading in opposite directions.
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British telecommunications firms must not install new Huawei 5G kit after September 2021, the government said on Monday, as part of a plan to purge the Chinese firm's equipment from high speed mobile networks. Britain has already ordered all Huawei equipment to be removed from its 5G network by the end of 2027, falling in line with intelligence allies including the United States who say the firm poses security risks. China has criticised that decision, while Huawei said last week it was disappointed Britain was looking to exclude it from the 5G roll-out after the publication of new laws that could see firms fined 100,000 pounds ($133,140) if they break the ban.
The ACC is shuffling its schedule with Florida State and Wake Forest dealing with COVID-19 issues.
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President-elect Joe Biden is expected to name Neera Tanden, who was an adviser to former President Barack Obama, as director of the White House budget office, and economist Cecilia Rouse as chair of the Council of Economic Advisers as soon as Monday, according to a person familiar with the process. Biden is also expected to pick Wally Adeyemo, senior international economic adviser in the Obama administration, to serve as Janet Yellen’s top deputy at the Treasury Department.
(Bloomberg) -- Suning.com Co., one of the largest retailers in China, is considering selling a stake in its e-commerce business as it aims to ease financing pressures, according to people familiar with the matter.Suning.com is working with advisers to gauge interest from both strategic and private equity investors, the people said, asking not to be identified as the discussions are private. The company is seeking a valuation of about $6 billion for the business, though some potential investors approached by Suning.com have put a lower valuation on the unit, the people said.Discussions are ongoing and the company may decide not to proceed with the plan, the people said. A representative from Suning.com did not respond to requests for comment.Shares in Suning.com increased as much as 1.1% Monday, the highest on an intraday basis since Tuesday Nov. 24.The potential stake sale comes as companies under the umbrella of parent Suning Appliance Group Co. are facing scrutiny in the bond market. The prices of bonds issued by Suning’s units have plunged to record lows after the parent decided not to demand repayment of a 20 billion yuan ($3 billion) strategic investment in developer China Evergrande Group.Read More: Billionaire Who Invested in Evergrande Faces Bond ExodusSuning Appliance Group has a 10 billion yuan local bond coming due Dec. 17. Suning.com plans to repurchase about 3 billion yuan worth of its outstanding bonds, in order to stabilize bond prices and boost investors’ confidence, it said in statements to the Shenzhen stock exchange earlier this month.The Nanjing-based company is one of the largest retailers of appliances, electronics and other consumer goods in China. Alibaba Group Holding Ltd. is the company’s second largest shareholder with a stake of about 20%, after the two companies formed a strategic alliance announced in 2015.Suning.com has 3,630 self-owned shops, including the China operations of French supermarket Carrefour SA which it acquired a majority stake in last year, as well as 4,586 franchised stores, according to its 2019 annual report.The company reported net income of about 9.8 billion yuan in 2019, a 26% decrease on the same figure a year earlier, according to the report.(Updates with shares move in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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President-elect Joe Biden and Vice President-elect Kamala Harris have chosen an all-female White House senior communications team, led by Jen Psaki as press secretary and Kate Bedingfield as communications director. Psaki currently oversees communications for the presidential transition, and she previously served as White House communications director under President Barack Obama, and as State Department spokesperson […]
Around a third of 20 to 29-year-olds said they have repeatedly relied on their savings in the past six months, according to Fidelity International.