October 26, 2020

Investment

DailyHum News
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HSBC is set to report third-quarter earnings today. Here's what to expect
Investment

SINGAPORE — HSBC, Europe's largest bank by assets, is expected to report another hit to earnings as it attempts to recover from the economic shock of the coronavirus pandemic.The London-headquartered bank is scheduled to release its financial report card for the July-to-September quarter on Tuesday at 12 p.m. HK/SIN.HSBC's reported pre-tax profit is forecast to come in at around $2.07 billion in the third quarter, according to analyst estimates compiled by the bank. That's about 57.2% lower than the $4.84 billion in profits that the bank recorded a year ago.Provisions for expected credit losses at the bank are forecast to increase by $2.02 billion in the quarter, the estimates showed.Zoom In IconArrows pointing outwards
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AUD/USD Price Forecast – Australian Dollar Continues Sideways Grinding
Investment

The Australian dollar has gone back and forth during the trading session on Monday to show just how confused this market is. That being said, I also believe that the market is likely to see a lot of confusion based upon risk appetite in global markets overall. After all, the US dollar is favored for safety in general, and of course it is likely that we continue to test the support region underneath between the 0.71 handle and the 0.70 level.
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Stocks making the biggest moves after hours: Twilio, Chegg, AIG and more
Investment

Check out the companies making headlines after the bell:Twilio— Shares of the communications platform company ticked down 1% in after hours trading on Monday despite beating on the top and bottom lines of its third quarter earnings. Twilio reported earnings of 4 cents per share, topping the loss of 3 cents per share expected by analysts, according to Refinitiv. Revenue came in at $448.0 million, above the forecast $409.9 million.Chegg — Shares of the online textbook company dipped 4% after the bell despite its strong earnings and positive outlook. Chegg reported earnings of 17 cents per share on revenue of $154.0 million. Wall Street expected earnings of 10 cents per share on revenue of $143.7 million, according to Refinitiv. Chegg also gave strong fourth quarter and 2021 revenue guidance. The company said third quarter subscribers grew 69%.
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Notional Launches Out of Stealth to Bring Fixed-Rate Lending to DeFi
Investment

Lending and borrowing rates on all the top decentralized finance (DeFi) platforms are dizzyingly variable.Enter Notional, a new protocol that lets users lend and borrow crypto at fixed rates. After 10 months in stealth, the platform launches in beta on Ethereum today. The startup also announced Monday a $1.3 million funding round from a total of eight investors, including Coinbase Ventures, 1confirmation and Polychain.
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GBP/JPY Price Forecast – British Pound Quiet Against Japanese Yen
Investment

The British pound has gone back and forth during the trading session on Monday as we continue to dance around the 50 day EMA and the 200 day EMA. After all, this is a market that simply is going nowhere, and has formed a bit of a neutral candlestick. In other words, we have nowhere to be, perhaps nowhere to go. The ¥135 level underneath should be massive support, just as the ¥138 level is resistance. All things being equal, the market will probably stay in this range, as the world waits for results involving the Brexit situation and of course the US elections. In other words, were simply held hostage.
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Stock futures flat after market sell-off amid uptick in Covid cases
Investment

U.S. stock futures were flat in overnight trading on Monday following the market's massive sell-off.Fueling the weakness is a surge in Covid-19 cases in the U.S. and abroad, compounded with little hopes of a stimulus package from Washington.Dow futures rose 20 points. The S&P 500 and Nasdaq gained 0.07% and 0.1%, respectively.Zoom In IconArrows pointing outwardsOn Monday, equities plunged in their worst session since September amid a surge in Covid-19 cases across the country. The Dow Jones Industrial Average fell nearly 650 points, for its worst day since Sept. 3 and closing below 28,000 for the first time since Oct. 6.The S&P 500 lost 1.86% on Tuesday, dragged down by stocks that hinge on a reopening of the economy like airlines, cruise lines and retailers. The technology-heavy Nasdaq Composite fell 1.64%.
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Hedge Funds Failures, Bankruptcies and Pandemic Fatigue
Investment

As cases rise and the U.S. settles in for a fresh wave of COVID-19, the economic fallout from round one is still being felt, from hedge funds to bankruptcies and beyond. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.This episode is sponsored by Crypto.com, Nexo.io and Elliptic.
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Forrester: RTIM Wave 2019
Investment

Pegasystems receives top scores across all three evaluation categories: current offering, strategy and market presence.Analyst ReportPegasystems was recognized for driving “business outcomes with a veritable RTIM powerhouse.” “Pega excels in nearly every aspect of this evaluation, distancing itself from other vendors in all but a few digital marketing criteria. It raises the bar for enterprise RTIM that runs the gamut of digital self-service and human-assisted touchpoints across the entire customer lifecycle."
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Creative Celebrity Costume Looks to Steal
Investment

Celebrities get paid to dress up — whether on a movie set, during a concert performance or simply walking the red carpet. So, it’s no wonder that they enjoy creating their own costume looks for Halloween, costume parties or, if you’re Lady Gaga, an average Monday. Hey, no one’s judging! Of course, there’s one celebrity who’s name is now ubiquitous with Halloween. Supermodel Heidi Klum has hosted her annual “no costume, no entry” Halloween party since 2000 and has had an equally impressive costume each year. While she certainly provides a lot of inspiration, there are several creative celebrities who go all out for their own blowout parties.
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30 Movie Wedding Gowns That Stood the Test of Time
Investment

It's no coincidence that Hollywood's most fashionable films usually happen to have a wedding . . . and thus a wedding dress. But only a selection of those gowns have stood the test of time, and not necessarily for being gorgeous. Whether you're a bride in need of a little A-list inspiration or just a cinephile in the mood to reminisce, we've rounded up the most memorable movie wedding dresses of all time, some of which were even created by iconic designers, just for the big screen.
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Why Wyoming’s Governor Supports the State’s Crypto Banking Law
Investment

It took two years of infrastructure building but on Sept. 16 the Wyoming Division of Banking finally landed a prominent pioneer.That’s when Kraken Financial became the first entity to receive a special purpose depository institution (SPDI) charter in the Cowboy State, giving the cryptocurrency industry insight into roughly how long it takes to become a bank. It’s also the first newly chartered (de novo) bank the state has approved since 2006.
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Market Wrap: Bitcoin Falls to $12.7K as Global Equities Falter; Ethereum Fees Continue to Drop
Investment

Bitcoin’s price fell Monday on larger macroeconomic concerns while lower Ethereum fees benefit hardcore DeFi users.Bitcoin (BTC) trading around $13,011 as of 20:00 UTC (4 p.m. ET). Slipping 0.33% over the previous 24 hours.Bitcoin’s 24-hour range: $12,773-$13,250BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.Bitcoin’s price was riding high Monday, going up to $13,250 on spot exchanges like Bitstamp before dropping as low as $12,773 around 17:00 UTC (1 p.m. ET).
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Harvest Finance: $24M Attack Triggers $570M ‘Bank Run’ in Latest DeFi Exploit
Investment

An arbitrage trade exploiting weak points in decentralized finance (DeFi) protocol Harvest Finance led to some $24 million in stablecoins being siphoned away from the project’s pools on Monday, according to CoinGecko.According to reports, an attacker used a flash loan – a technique that allows a trader to take on massive leverage without any downside – to manipulate DeFi prices for profit. The exploit sent the platform’s native token, FARM, tumbling by 65% in less than an hour, followed by the project’s total value locked (TVL), which dropped from over $1 billion before the exploit to $430 million as of press time.
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USD/JPY Price Forecast – US Dollar Reaches Above 105
Investment

The US dollar has rallied a bit during the trading session on Monday to break above the ¥105 level. However, this should end up being yet another selling opportunity, regardless of US dollar strength in general. After all, when you look at this pair a lot of times you have to look at it through the prism of risk appetite. After all, the Japanese yen is quite often bought in order to look for safety in general. Because of this, the pair does tend to move right along with the stock market, although temporarily it can take off due to US dollar strength by itself. Nonetheless, I see a clear area where there is significant resistance above so that is what I will be looking for.
DailyHum News
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EUR/USD Price Forecast – Euro Breaks Down
Investment

The Euro has broken down a bit during the trading session on Monday, breaking towards the 1.18 level. That of course is an area that will attract a certain amount of attention, but the most important thing to pay attention to on the chart is the fact that we had broken down through a major uptrend line, and then pulled back to test it again. By pulling back to that area and showing signs of resistance, we could be looking at a major trend change. Underneath, the 1.17 level of course is going to continue to look like a target, right around where the 50 day EMA is sitting.
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These Are the Most Popular Cat Breeds of 2020
Investment

Whether you're someone who’s willing to sit uncomfortably for hours while your favorite feline purrs away on your lap or you'd rather spend time petting your lovable canine, cats always manage to trigger strong emotions in humans.Contrary to common belief, not all cats are the same. Some breeds are more suitable for families with small children, while others prefer a calmer environment. Whatever the case may be, cats are amazing creatures, and getting to know them better is definitely worth your time — even more so if you intend to share your life with a purring ball of fur.
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Stocks making the biggest moves midday: Hasbro, Dunkin' Brands, AstraZeneca, Delta & more
Investment

Check out the companies making headlines midday Monday:Dunkin' Brands — Shares of the restaurant chain spiked more than 15% after the company said it held preliminary talks regarding its potential acquisition by Inspire Brands, although the company said there's "no certainty that any agreement will be reached." The New York Times reported that the deal could value the restaurant chain at nearly $9 billion.SAP — SAP plunged more than 23% for its worst trading day in at least 12 years after Europe's biggest software company by sales slashed its revenue and profit forecast for 2020. The German company said coronavirus lockdowns would affect demand for its business relations and customer management software well into 2021. JPMorgan cut its rating on the company to neutral from overweight.
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PayPal’s Crypto Offering May Be ‘a Huge Headache’ for Taxpayers
Investment

PayPal’s decision last week to embrace crypto may help with mainstream adoption, but it could also mean additional tax work for users unfamiliar with the crypto landscape.Over the next few weeks PayPal will be rolling out buy, sell and hold features for cryptocurrencies on its platform to U.S. users, but the service will not allow users to withdraw or deposit holdings. According to Internal Revenue Service rules, cryptocurrencies like bitcoin (BTC) are treated like property; therefore, each time someone buys, sells or exchanges a digital asset it is considered a taxable event wherein the capital gains tax applies.
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Blockchain Bites: DeFi’s Harvest Hit, IRS’ Crypto Clarification, JPMorgan’s Buoyant Bitcoin Note
Investment

The IRS has clarified some questions around crypto disclosures for the upcoming tax season. A popular DeFi application appears to have been attacked. JPMorgan analysts see “considerable” upsides to bitcoin.Crypto guidance The U.S. Internal Revenue Service has clarified that simply holding cryptocurrencies does not need to be disclosed. A published set of draft instructions for this year’s 1040 tax form spells out that returnees must disclose any crypto sales, exchanges for goods or services, or exchanges for property (including other crypto assets). Respondents must also reveal if they received any cryptocurrency for free, including via airdrops or hard forks. “The draft is likely to stand unless there are ‘unexpected issues’ or new legislation requiring changes, the IRS said in the document,” CoinDesk’s Daniel Palmer reports.
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US Bail Funds Are Seeing an Uptick in Cryptocurrency Donations
Investment

For many people arrested, especially low-income citizens, bail funds are their best hope for freedom while they await trial. Now, some of those funds are accepting cryptocurrency donations.Facilitated by crypto payment processor The Giving Block, the Bail Project, the Chicago Community Bond Fund and the Nashville Community Bail Fund, for example, accept cryptocurrency including bitcoin (BTC), ether (ETH) and even basic attention token (BAT). They’ve taken in thousands of dollars in crypto donations since the summer, according to The Giving Block, which could be a sign of larger adoption in the space of bail funds.
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Uniswap, Curve Daily Trading Volumes Surges Past $2B, Likely Driven by Harvest Attack
Investment

Automated market makers Curve and Uniswap traded volumes above $2 billion on Monday, benefiting from one of decentralized finance protocol Harvest Finance’s darkest days.Daily trading volume on Uniswap surged by over 1,200% to a record $2.04 billion, surpassing the previous record high of $953.59 million registered on Sept. 1 by a big margin.“Volume on Uniswap surged, as the Harvest Finance exploiter likely ran money through the automated market maker,” Denis Vinokourov, head of the research at the London-based prime brokerage Bequant, told CoinDesk in a Telegram chat.
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GBP/USD Price Forecast – British Pound Continues to Test Major Level
Investment

The British pound went back and forth during the trading session on Monday to show just how confused we are overall. The 1.30 level of course is a large, round, psychologically significant figure and an area that has been important multiple times. Because of this, the 50 day EMA is also worth paying attention to, as we are reaching towards the 1.30 level. Ultimately, this is a market that should find buyers given enough time, but I also anticipate that between Brexit and stimulus nonsense in the United States. Ultimately, this is a market that I do think find plenty of support underneath, but this is probably going to be a very messy trading situation to say the least.
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Humongous Dog Breeds [Pictures]
Investment

If you live in a place with plenty of room to roam, want a dog for security or just want a gentle, furry giant to call your own, these large dog breeds can make for loving, protective family members.But take note — most bigger breeds come from ancient lines of working or herding dogs. While they may no longer be used in that capacity, those traits are still an inherent part of their personalities. Therefore, larger dogs often need more training, room and companionship than their smaller counterparts.
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Charles Schwab to lay off 1,000 workers following merger with TD Ameritrade
Investment

Charles Schwab said Monday it is laying off 1,000 employees from the combined Schwab-TD Ameritrade company."We have begun notifying individuals that their roles have been eliminated and they will be leaving the firm," Schwab said in a press release. "This will result in a reduction of approximately 1,000 positions or about 3% of the combined workforce of Charles Schwab and TD Ameritrade."Schwab did not immediately comment on what roles will be eliminated.The $26 billion Schwab-TD Ameritrade merger closed earlier this month, creating a behemoth online brokerage with more than $6 trillion in client assets and 28 million brokerage accounts. The integration of Schwab's and TD Ameritrade's operations is expected to take place over the next 18 to 36 months as the company seeks to streamline its structure.  
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