Nov 25 (Wednesday)
YRI Study. We have reprinted our study titled S&P 500, Earnings, Valuation, and the Pandemic as a paperback and eBook. Both are available at Amazon here. This study focuses on the S&P 500 stock price index, examining how it is determined by the earnings of the 500 companies that are included in the index and the valuation of those earnings by the stock market. You can find the other books in our “Predicting the Markets series” on my Amazon author’s page here.
Markets
Dow futures rise more than 100 points after record day on Wall Street | C
Dow surges more than 400 points, closes above 30K for the first time ever | C
Behind Dow 30000: A Self-Perpetuating Upward Spiral | W
Cramer on Dow milestone: Beating Covid-19 will be ‘like the end of Prohibition’ | C
US
Unemployment Scam Using Inmates’ Names Costs California Hundreds of Millions | N
China
China planning new policies to take on ageing population: state media | P
US politics I
Biden to begin receiving classified presidential daily briefings | C
How Janet Yellen as Treasury Secretary Strengthens Biden’s Hand | W
Yellen Would Assume Vast Policy Portfolio as Treasury Secretary | N
Yellen Will Confront a Cooling Economic Recovery, Uncertain Stimulus Prospects | W
Mnuchin Plans to Put $455 Billion Beyond Yellen’s Easy Reach | B
Federal Reserve Can Restart Emergency Lending If Needed, New York Fed’s Williams Says | W
Yellen would need Congress to approve use of clawed-back Fed loan funds, Treasury says | R
US politics II
Why Stacey Abrams Is Confident Georgia Will Stay Blue | N
Biden’s Foreign-Policy Team Takes Shape | W
Biden’s foreign policy team lays out a national security vision that differs sharply from Trump’s | C
Industries & companies
Energy: Europe’s Biggest Utility Company to Ramp Up Spending on Wind, Solar Power | W
Financials: Catch-all travel insurance booms as U.S. flyers take Thanksgiving risks | R
Pharma: OxyContin maker Purdue Pharma pleads guilty to criminal charges | R
Retail: Retailers already fear U.S. holiday ‘shipageddon’; now here come vaccines | R
Retail: Gap (GPS) Stock Falls on Sales Weakness at Banana Republic, Gap Brand | B
Virus
AstraZeneca Gears Up to Vaccinate the World Against Covid-19 | W
Texas hospitals prepare to administer Covid vaccine shots in less than three weeks | C
CDC Finalizing Recommendation to Shorten Covid-19 Quarantines | W
France’s Macron Charts Exit From Covid-19 Lockdown | W
Corporate finance
Nikola shares fall after CEO fails to reassure investors GM won’t pull out of $2 billion deal | C
Penguin Random House Parent Near Deal to Buy Simon & Schuster From ViacomCBS | W
Offbeat
Think Remote Learning Is Hard? Try Using a Phone in an Indian Village | W
