Home Actualité internationale World News – United States – Cleveland-Cliffs, TikTok, Trump, Caesars – 5 things to know on Monday
Actualité internationale

World News – United States – Cleveland-Cliffs, TikTok, Trump, Caesars – 5 things to know on Monday

Stock futures rose on Monday as US politics focus ahead of the first presidential debate Tuesday between US President Donald Trump and Democratic candidate Joe Biden

The failure of lawmakers to complete a stimulus package before the start of November has also weighed on the minds of investors 3 Presidential Election Wall Street has also paid attention to a New York Times report that Trump paid only $ 750 in US income taxes in 2016 and 2017

Contracts linked to the Dow Jones Industrial Average gained 239 points, S&P 500 futures increased by 28 points and Nasdaq futures increased by 134 points

Stocks finished higher on Friday, but gains weren’t enough to keep the Dow and S&P 500 from falling each for the fourth week in a row

The Dow Jones declined 18% last week and the S&P fell 06% The high tech Nasdaq managed last week to finish with an 11% gain in a very choppy trading week

Shares remain pointed towards their first month of losses since March due to lack of additional fiscal stimulus and a spike in new coronavirus cases

The US Economic Calendar Monday is Bare This week’s big economic event will be the September Non-Farm Payrolls Report on Friday Reports on home sales, gross domestic product, consumer confidence and consumer spending will also be released this week

Revenue reports are due Monday from United Natural Foods (UNFI) – Get Report and Cal-Maine Foods (CALM) – Get Report Later in the week, Micron Technology (MU) – Get Report, PepsiCo (PEP) ) – Get Report, McCormick (MKC) – Get Report, Bed Bath & Beyond (BBBY) – Get Report, Conagra Brands (CAG) – Get Report and Constellation Brands (STZ) – Get Report will publish earnings reports

PepsiCo is a holding company of Jim Cramer’s Action Alerts PLUS member club Want to be alerted before Jim Cramer buys or sells PEP? Find out more now

Cleveland-Cliffs (CLF) – Get Report has reached agreement to buy US operations of Luxembourg steel and mining company ArcelorMittal (MT) – Get report for $ 1.4 billion in cash and shares

“The steel industry is a business where production volume, operational diversification, fixed cost dilution and technical expertise count above all,” said Lourenco Goncalves, president of Cleveland-Cliffs “This transaction achieves all of these « 

As part of the deal, which is expected to close in the fourth quarter, Cleveland-Cliffs will pay nearly $ 900 million in shares and around $ 500 million in cash

Shares of Cleveland-Cliffs were up 612% to $ 624 in pre-market trading Monday ArcelorMittal’s U.S. certificates of deposit jumped 902% to $ 1318

The Trump administration’s ban on TikTok, the popular Chinese-owned video app, has been temporarily blocked by a federal judge

TikTok’s ban on new downloads was due to go into effect at 11:59 p.m.m AND Sunday

US District Judge Carl Nichols granted preliminary injunction against ban He did not agree to postpone a more comprehensive ban scheduled for November 12, however

« We are pleased that the court accepted our legal arguments and issued an injunction preventing the implementation of the TikTok app ban, » the company said in a statement. « We will continue to defend our rights for the benefit of our community and our employees. At the same time, we will also maintain our permanent dialogue with the government to transform our proposal, which the president gave his preliminary approval last weekend, into a deal »

Chinese company ByteDance, which owns TikTok, has been working to finalize the sale of a stake in U of TikTokS business to Oracle (ORCL) – Get Report and Walmart (WMT) – Get Report

Caesars Entertainment (CZR) – Get Report was in advanced talks with William Hill after making a $ 3.7 billion offer for UK betting company

William Hill confirmed Monday that he received Caesars’ offer as well as a rival approach from Apollo Global Management (APO) – Get Report

Caesars’ bid would be 272 pence for each William Hill share, a 25% premium over the stock’s closing price of 21,760 pence on Thursday, the day before William Hill said he had received proposals from both companies

Caesars and William Hill have a US joint venture holding 20% ​​and 80% respectively of the capital The two companies were already in discussions on the merger of some of their operations in the US, according to Bloomberg

ArcelorMittal, Cleveland-Cliffs Inc, Cleveland, Stock

World news – United States – Cleveland-Cliffs, TikTok, Trump, Caesars – 5 things to know Monday


SOURCE: https://www.w24news.com

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