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Showing posts from October 9, 2020

Friday - Trump cannot win without stimulus

US futures and global markets are raising towards their biggest weekly gain since Jul which is mainly  because of Trump's come back on stimulus trail. Almost 92% of crude output in the Mexican Golf are shut down due to Hurricane Delta, pushing the double bottomed market higher.  Square said, they have invested $50 million in Bitcoin which is about 1% of their assets. Gilead Sciences announced, they would have enough global supply of corona virus drug, remdesivir/Veklury, by end of Oct. Test results shows that, this drug can shorted the recovery by 5 days. Xilinx shares surged by more than 16%, after Advanced Micro Devices announced talks over acquiring it. GameStop entered a multi-year strategic partnership with Microsoft. GameStop will get Surface laptops in exchange for buying Office 365 and Teams. Keep smiling and stay charitable.