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Veterinary Diagnostics Devices Market | Rising Demand for Pet Insurance to Boost the Market Growth

October 10, 2020

LONDON–(BUSINESS WIRE)–Oct 9, 2020–

The global veterinary diagnostics devices market size is poised to grow by USD 815.28 million during 2020-2024, progressing at a CAGR of almost 9% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201009005389/en/

Technavio has announced its latest market research report titled Global Veterinary Diagnostic Devices Market 2020-2024 (Graphic: Business Wire)

The rising demand for pet insurance with growing animal health expenditure is one of the significant veterinary diagnostics market drivers. The rising costs of animal healthcare have increased the need for pet insurance policies.

Rising job opportunities for White working-class men could point to additional Trump support

October 9, 2020

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Following decades of declining job prospects, White men without a college education have seen employment opportunities rise, which has the potential to influence their ballot choices this election cycle.

Since 2016, this group has benefited from positive labor market trends, which continue in many cases despite a deep U.S. economic recession that began in February, William Emmons, assistant vice president and lead economist with the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis, told Fox News.

Between 1989 and 2016, the number of White working-class families declined, along with their share of income and wealth. That change was unique among the major socioeconomic groups.

“Going back 30 years, 50 years, especially men, but White people without college degrees were sort of the core—the backbone of the economy,” Emmons said, adding that the demographic more recently became the “definition” of a marginal, vulnerable group as job

It’s Not Supposed To Be Happening, But Coal Prices Are Rising

October 9, 2020

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Coal, the commodity that no-one wants to talk about, is staging a comeback as investment banks warm to the profits from improving prices and a new mine in Australia, being built to meet Indian demand, is nearing completion.

The $2 billion Carmichael mine has been the focus of decade-long protests by environmental campaigners, but India’s Adani Group has overcome all objections to be on the verge of extracting first coal from the 150-foot deep open-pit mine.

Aerial Views Of Newcastle Coal Industry And Glencore Plc Coal Operations — Price recovery boosts coal. Photographer: Brendon Thorne/Bloomberg

© 2015 Bloomberg Finance LP

Government approvals, which had been slow coming, have been completed with the final hurdle cleared with the signing last week of a royalty agreement with the State of Queensland in a move designed to make the mine less of a political issues at an upcoming election.

First shipments of coal from the Carmichael mine to India are expected next year, growing to

Workers With Health Insurance Face Rising Out-of-Pocket Costs

October 8, 2020

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The high cost of health care is persisting during the pandemic, even for people lucky enough to still have job-based insurance.

The average annual cost of a health plan covering a family rose to $21,342 in 2020, according to the latest survey by the Kaiser Family Foundation, a nonprofit group that tracks employer-based coverage. Workers paid about a quarter of the total premiums, or $5,588, on average, with their employers picking up the rest of the cost.

An analysis of the results was published Thursday online in Heath Affairs, an academic journal. While premiums rose only slightly from the 2019 survey, the increase in premiums and deductibles together over the last decade has far outpaced both inflation and the growth in workers’ earnings. Since 2010, premiums have climbed 55 percent, more than double the rise in wages or inflation, according to the foundation’s analysis.

About 157 million Americans had coverage

Freeport-McMoRan Stock Overvalued After Rising 3x In 6 Months

October 8, 2020

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After rising more than 3x since its March lows of this year, at the current price of $16 per share, we believe Freeport-McMoRan stock (NYSE: FCX) has reached its near-term potential. FCX stock has rallied from $5 to $16 off its recent bottom compared to the S&P 500 which increased 52% from its March lows. The stock was able to beat the broader market in the last 6 months as gold prices have shot up significantly and remained elevated during the ongoing pandemic, while copper prices, which had dropped after the outbreak of coronavirus, have also recovered at a significant pace with stimulus measures announced by various economies. However, with gold prices being volatile recently and, in fact, having declined over last few weeks, FCX stock could drop close to 10% from its current level. Our dashboard What Factors Drove -11% Change In Freeport Stock Between 2017 And Now? provides

Rising COVID Cases Will Stall UK Recovery, Budget Watchdog Warns | Investing News

October 8, 2020

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By David Milliken and Andy Bruce

LONDON (Reuters) – A sharp rise in coronavirus cases is likely to cause Britain’s economic recovery to stall until the resurgence comes under control, the country’s budget watchdog said on Wednesday.

Britain has recorded more than 14,000 new cases on each of the past two days, the most since mass testing began in April, and has increased curbs on socialising, with Scotland announcing the closure of pubs in its two biggest cities.

“There will be some kind of hiatus in the recovery,” said Charlie Bean, a former Bank of England (BoE) deputy governor who now serves on the board of the Office for Budget Responsibility, which produces government economic forecasts.

“How long and how potentially deep that is, I think it’s very difficult to know at this stage until we see how effective any measures are in bringing this resurgence of cases back under

Chinese property developers’ rising debt and junk bonds

October 7, 2020

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A pedestrian crosses a road in front of residential buildings in Beijing, China.

Qilai Shen | Bloomberg | Getty Images

SINGAPORE — Rising debt of Chinese property developers are in the spotlight again, as liquidity issues at top developer China Evergrande trigger investor concerns.

China’s property prices rebounded quickly as the economy reopened after the worst of the pandemic passed. Still, authorities are expected to officially rein in on borrowing costs of developers — outlining rules that cap the ratios of their debt in relation to their cash flows, assets and capital levels.

A leaked document last month regarding the cash flow of Evergrande, China’s second-largest developer by sales, has further highlighted concerns of the liquidity flows of Chinese developers.

Analysts warn it’s also raised the pressure on the developers’ ability to repay their debts in the bond markets going into 2021.

China’s property developers are among the biggest junk

Growing Worries Over Rising Interest Rates

October 6, 2020

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Sam LaDuc over at Samantha LaDuc trading out of the Boston area, published this missive, Election Risks and Opportunities, over the weekend that is worth the read.

Agree with Sam on Financials, not so much Energy (at least longer term) in terms of an uncorrelated, defensive trade to a technology correction.

Interesting too that Samantha is talking about rising interest rates. With a Biden victory, I think it is less probable than with a Trump victory since a President Biden has already said the Dems would work to repeal the 2017 tax cuts and raise tax rates. That is more likely to slow economic growth and put a damper on any recovery, albeit an economic recovery that is expected to be slower into 2021 anyway.

My big worry – from a capital markets perspective – with a President Trump victory, particularly if it’s accompanied by a Congressional mandate, is that

Lawyers’ insurance rates double amid rising claims

October 5, 2020

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Law firms are facing steep price rises for their professional indemnity insurance with rates for some types of cover more than doubling, just as many of them suffer declining profitability in the fallout from Covid-19.

On October 1 when law firms renewed insurance cover to protect them against professional negligence claims, around three-quarters of them found that prices for even the most basic level of insurance had risen by around 20 per cent on average.

The increase heaps pressure on firms at a time when the pandemic has eaten into profits and revenues. They have instigated temporary pay cuts in order to conserve cash as a Citywide decline in dealmaking has taken its toll on their clients.

A rising volume of claims against conveyancers who work on contentious property developments is largely to blame, as well as lawyers working on increasingly complex probate and family matters. There has also been

Morning Bell With Jim Cramer: Tesla Shares Will Keep Rising

October 2, 2020

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The Dow is down over 300 points Friday morning in trading after President Trump tested positive for Covid-19. The S&P 500 and Nasdaq are up in trading on Friday.

In the last episode of Mad Money, Jim Cramer said America might need a stimulus bill, but the stock market definitely doesn’t.

TheStreet’s Katherine Ross and Cramer are on Street Lightning talking about Tesla shares rising, stimulus deal, Airlines’ layoffs, and buying Bed Bath & Beyond Earnings.

Bed Bath & Beyond: Buy or Sell?

Bed Bath & Beyond (BBBY) – Get Report shares are up about 40% so far, helped along by the stock’s 33% gain on Thursday. The move came after the company delivered better-than-expected earnings.

The struggling retailer generated non-GAAP earnings of 50 cents a share, easily beating expectations by 79 cents. Revenue of $2.69 billion sank just 1.1% year over year and beat expectations by $70