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The Wake Up for Wednesday, Oct. 14, 2020

October 14, 2020

a group of people walking on a sidewalk: Some fans stand outside the ballpark, while others with connections to the Indians sit inside on Tuesday, September 29, 2020, at the American League Wild Card Series, Game 1, between the Cleveland Indians and the New York Yankees at Progressive Field in Cleveland.

© David Petkiewicz, cleveland.com/David Petkiewicz, cleveland.com/cleveland.com/TNS
Some fans stand outside the ballpark, while others with connections to the Indians sit inside on Tuesday, September 29, 2020, at the American League Wild Card Series, Game 1, between the Cleveland Indians and the New York Yankees at Progressive Field in Cleveland.

Subscribe to the Wake Up, cleveland.com’s free morning newsletter, delivered to your inbox weekdays at 5:30 a.m.

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Weather

Today will start off sunny but grow increasingly cloudy. Highs will be in the upper 60s. It will be a bit breezy overnight and lows will be in the mid-50s. Read more.

The headlines

CARES Act: Gov. Mike DeWine said Tuesday he hopes to put Ohio’s remaining $900 million in federal coronavirus aid toward helping the arts, nonprofits, small businesses, and people behind on their rent or mortgage payments, Jeremy Pelzer reports. The question now is whether Congress will give the

Oil prices slip Wednesday following Trump withdrawal from economic stimulus package talks

October 7, 2020

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Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.

SINGAPORE – Oil prices slipped on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy and on a larger-than-expected build-up in U.S. crude stocks.

U.S. West Texas Intermediate (WTI) crude CLc1 oil futures fell 87 cents, or 2.1%, to $39.80 a barrel by 0104 GMT while Brent crude LCOc1 futures fell by 74 cents, or 1.7%, to $41.91 a barrel.

President Trump, still being treated for COVID-19, ended talks on Tuesday with Democrats on an economic aid package for his pandemic-hit country with the U.S. presidential election only weeks away.

AMERICAN OIL REFINERIES RACE TO PRODUCE RENEWABLE DIESEL AHEAD OF CANADIAN COMPETITION: REPORT

Price were also pressured by data from the American Petroleum Institute showing U.S. crude oil stocks rose by 951,000 barrels last week – more than

Hong Kong Stock Market May Run Out Of Steam On Wednesday

October 7, 2020

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(RTTNews) – The Hong Kong stock market has finished higher in three straight sessions, jumping more than 700 points or 3.1 percent along the way. The Hang Seng Index now rests just beneath the 24,000-point plateau although it’s predicted to open under pressure on Wednesday.

The global forecast for the Asian markets is broadly negative after U.S. President Donald Trump ordered an end to stimulus negotiations until after the election. The European markets were up and the U.S. bourses were lower and the Asian markets figure to follow the latter lead.

The Hang Seng finished modestly higher on Tuesday following gains from the casinos and oil companies, while the financials and insurance companies were mixed.

For the day, the index advanced 212.87 points or 0.90 percent to finish at 23,980.65 after trading between 23,842.25 and 24,005.03.

Among the actives, WuXi Biologics surged 4.95 percent, while AAC Technologies soared 4.57 percent,

5 Top Gainers for Wednesday

October 1, 2020

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a dog wearing a costume: Duke Energy, Datadog, Canada Goose: 5 Top Gainers for Wednesday

Stocks finished higher Wednesday as Treasury Secretary Steven Mnuchin indicated he expected to reach agreement on a stimulus package with House Speaker Nancy Pelosi.

A stronger-than-expected reading on U.S. private payrolls and Chicago PMI also lifted sentiment.

Here are some of the big movers in the stock market on Wednesday:

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1. Sunnova Energy | Percentage Increase 13%

Shares of Sunnova Energy climbed after J.P. Morgan analyst Mark Strouse assumed lead coverage of the solar and energy storage services company with an overweight rating and price target of $34, up from $29. The stock should attract investors looking for exposure to the decarbonization, decentralization, and digitization of energy, Strouse said.

2. Canada Goose | Percentage Increase Over 8%

Canada Goose shares were taking off after Cowen analyst Oliver Chen upgraded the luxury coat maker to outperform from

Asana’s NYSE reference price is set at $21 ahead of Wednesday direct listing

September 30, 2020

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Asana’s reference price is set at $21.00 ahead of its direct listing on Wednesday, according to the New York Stock Exchange.

At that price, the work collaboration unicorn would command a fully diluted market value of $3.9 billion.

For IPO news alerts and enhanced stories and profiles, try a free trial of Renaissance Capital’s premium platform, IPO Pro.

The San Francisco, CA-based company plans to list on the NYSE on Wednesday under the symbol ASAN. The NYSE reference price does not reflect an offering price, or the opening price for Asana’s shares on Wednesday. Instead, the opening public price will be determined by the designated market maker, using buy and sell orders collected by the NYSE from broker-dealers.

Asana and Palantir (PLTR; also listing Wednesday) are the third and fourth major direct listings, following Slack (WORK) in June 2019 and Spotify (SPOT) in April 2018.

The Registered Stockholders,

4 Top Stock Trades for Wednesday: BYND, SHOP, NIO, SPWR

September 29, 2020

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chart, histogram: Beyond Meat Surges BYND

After a monstrous day on Monday, stocks took a breather on Tuesday, spending most of the day near flat. That doesn’t mean some of our top stock trades weren’t putting together big moves though. With all of that in mind, let’s have a look.

Top Stock Trades for Tomorrow No. 1: Beyond Meat (BYND)

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Beyond Meat (NASDAQ:BYND) was in focus today, rallying more than 10% until it ran into resistance.

That resistance came in the form of the 138.2% extension and the June highs between $160 and $165. This area stymied Beyond Meat’s summer rally, as shares ultimately faded lower.

On the plus side, it allowed the stock to carve out a notable low around $120.

Let’s see if we can get a close above the 138.2%

Palantir’s NYSE reference price is set at $7.25 ahead of Wednesday direct listing

September 29, 2020

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Palantir Technologies’ reference price is set at $7.25 ahead of its direct listing on Thursday, according to the New York Stock Exchange.

At that price, Palantir would command a fully diluted market value of more than $15 billion, and would be the year’s sixth-largest US listing by market value.

For IPO news alerts and enhanced stories and profiles, sign up for a free trial of Renaissance Capital’s premium platform, IPO Pro.

The Denver, CO-based company plans to list on the NYSE on Wednesday under the symbol PLTR.

The NYSE reference price does not reflect an offering price, or the opening price for Palantir’s shares on Wednesday. Instead, the opening public price will be determined by the designated market maker, using buy and sell orders collected by the NYSE from broker-dealers. All tradable shares will be sold by existing shareholders.

Palantir is the third major direct listing, following Slack (WORK)

UK watchdog sets Wednesday deadline for agreement on business insurance claims

September 29, 2020

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LONDON (Reuters) – Britain’s Financial Conduct Authority said on Tuesday it has filed for an expedited appeal in its business interruption test case as a precaution against insurers not agreeing by Wednesday to pay out on claims made during the pandemic.

Hundreds of thousands of mainly small British businesses are waiting to hear if their insurer will pay out imminently, or keep them waiting while they appeal.

London’s High Court ruled that some of the world’s biggest insurers were wrong to reject thousands of claims from small firms battered by the COVID-19 pandemic.

The FCA said it continues to “work closely and at speed” with the eight insurers and two intervenors that participated in the test case to reach an agreement in principle on a range of issues to avoid a “leapfrog” appeal to the Supreme Court.

An agreement is needed by close of business on Wednesday, and seven insurer

Ollie’s Bargain Outlet store opens Wednesday on South Westnedge Avenue in Kalamazoo

September 27, 2020

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KALAMAZOO — Another Ollie’s Bargain Outlet is opening in Southwest Michigan.

a sign above a store in a brick building: Ollie's Bargin Outlet located at 4425 S. Westnedge Ave. in Kalamazoo, Michigan on Friday, Sept. 18, 2020. The store is set to open on Wednesday, Sept. 30.

© Joel Bissell | [email protected]/mlive.com/TNS
Ollie’s Bargin Outlet located at 4425 S. Westnedge Ave. in Kalamazoo, Michigan on Friday, Sept. 18, 2020. The store is set to open on Wednesday, Sept. 30.

Ollie’s Bargain Outlet is planning to open a Kalamazoo location at 9 a.m. on Wednesday, Sept. 30, near Lee’s Chicken, inside what used to be a Big Lots store at 4425 S Westnedge Ave., according to a news release.

The chain is one of the largest retailers of excess inventory and discounted product, calling itself the home of “Good Stuff Cheap,” mainly buying closeouts, package changes and discontinued merchandise, in order to sell it to customers for up to 70% off the original retail price, the release said.

The store sells books, toys, hardware, automotive, electronics — all offered at a discounted price — for what makes