On Tuesday, Wells Fargo said stock markets should prepare for volatility to balloon after Election Day. Wells Fargo head of rates strategy Michael Schumacher told CNBC's Trading Nation that options are showing greater volatility. "The big takeaway is three month options vol is still quite high, and it has not really come down." According to Business Insider Schumacher thinks investors will flock to US Treasuries due to greater volatility. The US-10 year yield may fall to 0.40% from around 0.68%.
Members of Bharatiya Janata Yuva Morcha held a protest march in Thiruvananthapuram against state Minister KT Jaleel. They demanded resignation of state Minister KT Jaleel over his alleged involvement in the Gold smuggling case. They staged protest in Thiruvananthapuram on Sep 15.
On Tuesday, spot gold briefly touched a record high of $2,000 an ounce. Traders consider gold a "safe-haven asset." There is hope another US stimulus bill is in the works. A bill could put further liquidity into markets and weigh on rates, supporting the commodity. Business Insider reports that Gold has surged nearly 32% year-to-date.
A new report reveals two-thirds of imported respirator masks from China into the US failed to meet safety standards. According to Business Insider, the report was produced by ECRI, an independent nonprofit organization that monitors the safety and quality of healthcare equipment. After testing nearly 200 KN95 masks from 15 different manufacturers, ECRI found a significant majority filtered out fewer than 95 percent of particles.
Sen. Rand Paul, R-Ky. and Dr. Anthony Fauci went head to head on Capitol Hill on Wednesday about the issue of 'herd immunity' and the COVID-19 pandemic. Business Insider reports that Paul argued that the 210,000 Americans who have died from the novel coronavirus had nothing to do with public health. Instead, Business Insider reports he argued that the same number of Americans would've died of COVID-19 even if states hadn't enforced any shutdown measures.
Hi! Welcome to the Insider Advertising daily for September 22. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at [email protected] Today's news: Walmart and Instacart chip away at Amazon's ad dominance, Quibi mulls a sale, and Suzy raises $34 million.
With record low-interest mortgage rates and a collective pandemic-driven desire to get out of town, many people are seriously considering buying a second home. According to Business Insider, financial planners say there are three things that potential buyers should think about before taking the plunge. Business Insider reports that first, you need to have your own financial house in order. Be on track for retirement, and have absolutely zero high-interest debt.
Business Insider reports that Jack Ma's Ant Group is looking to raise its funding target to $35 billion through its initial-public-offering. Ant is Alibaba's fintech arm and China's dominant mobile-payments service. Ant raised its valuation to $250 billion from $225 billion. Previously, the company expected to raise $30 billion. When Ant goes public, its listing will likely be the largest IPO in the world.