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— (Market Watch) (11/20)
Nov 23, 2020
: Mnuchin says decision to end Fed emergency programs wasn’t aimed at hurting Biden"On Thursday, Mnuchin unexpectedly announced he was ending several joint loan programs and asked the Fed to return the $450 billion to Treasury so it can be returned to Congress. Under a post-financial crisis reform, the Fed now needs the Treasury Secretary’s permission before it can set up emergency loan programs. "
— (Market Watch) (11/20) (Email) (Pocket)
Mnuchin rejects renewal of some Federal Reserve emergency loan programs"WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Thursday he will not extend several emergency loan programs set up with the Federal Reserve, an action that could hamper the ability of the incoming Biden administration to gain important economic support from the central bank to deal with the ongoing pandemic."
— Christopher Rugaber, Associated Press (PBS) (11/19) (Email) (Pocket)
Futures Show Stocks on Track for Tepid Weekly Loss"Stocks have turned choppy in recent days, after optimism about the development of effective coronavirus vaccines propelled the Dow to a record high at the start of the week. Surging coronavirus infections, signs that the economy has lost momentum, and the Treasury’s decision to allow several emergency Federal Reserve programs to expire have since removed some of that cheer."
— (The Wall Street Journal) (11/20) (Email) (Pocket)
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— Bev-Freda Jackson, Adjunct Professorial Lecturer, American University School Of Public Affairs (The Conversation) (11/20)
Nov 23, 2020
How Joe Biden did so well in Georgia"For nearly 30 years, the state of Georgia has voted reliably Republican in presidential elections. Not since 1992 has the state backed a Democrat for president. Now, the hand recount of 2020 election ballots has confirmed Joe Biden won the state."
— Bev-Freda Jackson, Adjunct Professorial Lecturer, American University School Of Public Affairs (The Conversation) (11/20) (Email) (Pocket)
Joe Biden maintains lead in Georgia after hand recount"Georgia election officials released the results of the state's hand ballot recount of the 5 million votes cast in the presidential election on Thursday.Why it matters: The report concludes that President-elect Joe Biden is ahead of President Trump by 12,284 votes, slightly narrowing Biden's lead of around 14,000 before the risk-limiting audit.The big picture: Although Georgia does not have mandatory recount laws, the state permits a recount if the margin is less than .5%, according to NPR. The margin currently sits at at .3%.Four counties with new vote totals must recertify their results, and statewide results must be certified by Friday.After results are certified, the Trump campaign has until Nov. 24 to request another recount. "
— Jacob Knutson (Axios) (11/20) (Email) (Pocket)
: Georgia recount complete; Biden still the winner"The recount in Georgia was a matter of intense focus, given that a Democratic presidential candidate has not won the state since Bill Clinton in 1992, and because high-ranking Republicans including the president leveled baseless accusations that the result there was impacted by widespread election fraud. "
— (Market Watch) (11/20) (Email) (Pocket)
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— By Anthony Adragna And Zack Colman (Politico) (11/17)
Nov 18, 2020
Biden taps climate, environment hands for transition teams"The CEQ team will likely home in on revisions to the National Environmental Policy Act, unveiled by the Trump administration over the summer that has drawn lawsuits from green groups for shortening environmental review periods and lessening considerations of climate change in the process."
— By Anthony Adragna And Zack Colman (Politico) (11/17) (Email) (Pocket)
In praise of glaciers, those dragons of ice viewed with concern and fascination"As global temperature records are set one after the other, we are becoming increasingly concerned about the fate of our glaciers, these emblematic victims of climate change. We are worried by the sudden change in the colour of the ice, and there have even been attempts made to cover the ice to protect it, while French president Emmanuel Macron visits Mont Blanc and is Mer de Glace (sea of ice)."
— Olivier Dangles, Écologue, Institut De Recherche Pour Le Développement (Ird) (The Conversation) (11/15) (Email) (Pocket)
Investors tell European firms to reveal 'missing' climate costs in their accounts"LONDON (Reuters) - Investors are pushing major European companies to make sure the "missing" costs of climate change are properly reflected in their financial statements, a move that could wipe billions of dollars off the value of sectors from energy to aviation."
— (Reuters) (11/16) (Email) (Pocket)
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Business
— (Reuters) (11/14)
Nov 18, 2020
DoorDash shows surge in revenue growth, profitable quarter in IPO filing"In its IPO filing, DoorDash reported revenue of $1.92 billion for the first nine months of 2020, up more than three times from the same period a year earlier. The company reported a profit of $23 million for the first time in its history during the second quarter of 2020."
— (Reuters) (11/14) (Email) (Pocket)
JOYY Reports Third Quarter 2020 Unaudited Financial Results"Cost of revenues increased by 38.8% to RMB3,961.7 million (US$583.5 million) in the third quarter of 2020 from RMB2,854.5 million in the corresponding period of 2019. Revenue-sharing fees and content costs increased to RMB2,840.3 million (US$418.3 million) in the third quarter of 2020 from RMB1,951.0 million in the corresponding period of 2019 as a result of the increase in live streaming revenues of the Company. Bandwidth costs decreased to RMB236.9 million (US$34.9 million) in the third quarter of 2020 from RMB286.3 million in the corresponding period of 2019, primarily related to the termination of service and access to users in India after its measures to block certain Chinese-owned apps in late June. "
— (Market Watch) (11/17) (Email) (Pocket)
Kohl's Sales Declines Are Abating After Back-to-School Hit"Kohl’s revenue declines abated compared with the second quarter, when net sales plunged 22.9% from a year earlier. The Menomonee Falls, Wisconsin-based company also said it plans to reinstate a dividend during the first half of 2021."
— (Bloomberg) (11/17) (Email) (Pocket)
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