Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
S&P 500 -0.48%
A flat day all round.
$GOOGL: +0.50% $1465. 96
Google is edging closer to buying Fitbit after it addressed competition and data concerns according to Reuters.
It is now expected to win EU approval after a four-month investigation into the acquisition was opened in August.
The deal was first announced back in November 2019.
$NKLA: -5.13% $18.31
Nikola shares have continued to fall again today after Hindenburg Research took another swipe at the company via its Twitter account before the open today.
You can view the tweets here…
Tonight, CNBC released a bombshell article detailing multiple allegations of sexual abuse perpetrated by Trevor Milton, $NKLA founder, current largest shareholder (with ~24% ownership), recent Executive Chairman and former CEO.
— Hindenburg Research (@HindenburgRes) September 29, 2020
$PTON: +4.25% $101
Peloton shares are up over 4% as coronavirus cases continue to rise, fuelling the workout from home trend.
Will its stock close above $100?
Here’s how some of the European indexes closed today…
FTSE 100 -0.51% 5,897
DAX -0.35% 12,825
STOXX 50 -0.28% 3,214
$BYND +10% $166.33
Beyond Meat shares are up 10% at $166.33 after the company announced a “major expansion” of its products in Walmart. The company will triple distribution to more than 2,400 Walmart locations in the US.
Here’s how equity markets are performing so far today…
FTSE 100 -0.38%
STOXX 50 -0.09%
S&P 500 -0.05%
Biopharmaceutical company Aptorum Group (NASDAQ: APM) announced it will launch Aptorum Innovations, an infectious disease liquid biopsy diagnostics subsidiary sending its stock price surging over 1,400% premarket.
Shares of Nokia Oyj (HEL: NOKIA) have fallen despite the company signing a new deal with BT Group to become the largest equipment supplier for its 5G Radio Access Network.
Here is the full story: NOKIA SHARE PRICE FALLS DESPITE HUGE BT GROUP DEAL
Synairgen shares are trading over 2% higher after the company announced an agreement with Cllinigen to launch a Managed Access Program for Synairgen’s inhaled formulation of interferon beta which could be used to treat hospitalised COVID-19 patients.
Clinigen shares are up 2.31%…
Total will acquire Blue Point London from Bollore Group. The transaction means that Total will take over the management and operation of Source London, an electric vehicle charging network in the city that has over 1,600 on-street charge points.
Good morning everyone…
-Asian equity markets traded mostly higher overnight
-Hindenburg Research released a new set of tweets aimed at Nikola and its founder Trevor Milton stating that the Nikola brand has “gone from tarnished to toxic”
-According to some reports, a Brexit agreement is edging closer with The Times claiming that they will enter the ‘final stage’ this week after both sides made concessions
-In FX markets, risk-on currencies are trading slightly higher this morning
-On the calendar today we have eurozone consumer confidence, German inflation, and the Fed’s Harker and Williams speaking along with the Bundesbank’s Mauderer.
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