As fintech upends banking, Japan regulator expects more cross-boundary tie-ups

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TipRanks

3 Monster Growth Stocks That Still Have Room to Run

For the stock market, is it onwards and upwards? As the dog days of summer come to a close, stocks have ripped higher in a remarkable fashion, with the market sitting at record highs. That said, when we make our way into September, a historically rough month for equities, should investors put their hunts for compelling plays on hold? Not necessarily. The pros on Wall Street have set their sights on a select few names with growth prospects that can only be described as monstruous. We aren’t exaggerating here. These stocks have already posted some serious gains in 2020, with analysts arguing there’s more than enough fuel in the tank to keep the rally alive. Bearing this in mind, we used TipRanks’ database to pinpoint three stocks deemed as exciting growth plays by the analyst community. According to the

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U.S. Gulf of Mexico Oil Output Remains Lower in Wake of Storm, Data Shows | Investing News

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HOUSTON (Reuters) – U.S. Gulf of Mexico crude oil output remained down 70%, or 1.29 million barrels per day, according to data released on Sunday by the Department of Interior, as companies continued to return crews to offshore facilities that were evacuated ahead of Hurricane Laura.

A total of 139 platforms or drilling rigs in the U.S. Gulf of Mexico were unmanned at midday on Sunday, the department reported, down from the 310 that had been evacuated on Wednesday. (https://tinyurl.com/y4yed9sb)

The Port of Houston, the nation’s largest energy export port, was operating normally on Sunday. The Ports of Texas City, Galveston, Freeport, and the Gulf Intracoastal Waterway from West Port Arthur Bridge east to High Island Bridge, also resumed normal operations, the Coast Guard said.

Closer to the storm’s landfall, the ports of Lake Charles and Cameron and the Calcasieu Waterway, all in Louisiana, remained without power and were closed.

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Five things you should know about Tesla ahead of its 5-for-1 stock split

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Tesla Inc.shares will start trading Monday after a 5-for-1 stock split.

The electric-vehicle maker
TSLA,
-1.13%

announced the split on Aug. 11, saying it would “make stock ownership more accessible to employees and investors.”

Shareholders of record as of last Friday will receive a dividend of four additional shares of common stock for each then-held share; these new shares were formally distributed after the closing bell Friday.

Apple Inc.
AAPL,
-0.16%

also begind trading on a split-adjusted basis on Monday.

Here are five things to know about the Silicon Valley car company ahead of the split.

A record stock run has boosted market cap to $409 billion

Tesla shares have gained more than 400% this year, hitting 33 record closes in the process. The stock reached the latest on Thursday, when it closed at $2,238.75 and notched an intraday record of $2,295.60.

The stock is up 56% in August, which

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Dollar set for fourth monthly drop; yen steadies on reports of Suga run for PM

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By Tom Westbrook

SINGAPORE (Reuters) – The dollar was poised to register its fourth consecutive monthly decline on Monday, its longest streak since the summer of 2017, while the yen steadied after a longtime lieutenant of Shinzo Abe reportedly joined the race to succeed him as Japan’s leader.

Yoshihide Suga, Chief Cabinet Secretary to Abe, would be expected to extend the fiscal and monetary stimulus that defined Abe’s term in government.

Kyodo reported his intention to run for the leadership on Sunday, citing an unnamed source. TV Tokyo reported he had sounded out party support at a Saturday meeting.

The yen eased by about 0.2% in morning trade to 105.55, having climbed as far as 104.195 on Friday in the wake of Abe’s resignation as prime minister for health reasons.

Elsewhere the dollar was steady after some early-morning pressure, following another round of heavy selling late last week.

The Australian

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How employees can overcome significant salary, benefits cuts

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Employees are working harder than ever to retain their jobs, working for lower salaries, slashed bonuses, vanishing employer 401(k) matches and higher health insurance costs. Others have had to tap into vacation or sick days instead of being furloughed, or as a sacrifice to the bottom line.

A Westchester woman (who asked that her name not be used) was laid off via text message back in March and then was rehired three months later into the same support role — working from home with a 25 percent pay cut and minus the company’s 4 percent contribution toward her 401(k). “It’s a big cut in my budget,” she said.

Pay cuts aren’t anomalies. According to the outplacement firm Challenger, Gray & Christmas, a recent survey of HR managers revealed that one in three companies has cut employee pay during the pandemic. And according to Mercer’s COVID-19 spot survey, nearly half of

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Market posts one of the strongest July-August rallies in history as hazard after hazard melts away

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Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020.

Brendan McDermid | Reuters

This was the summer investors fell hard for risk — at first reluctantly, having just been dumped over the winter, and now avidly.

The embrace of stocks by those willing to take the chance in the spring has been blissful: The S&P 500 has gained 60% from the March 23 low and 13% since June 30, while rising the past seven days in a row and every day in August but four. Up more than 7% this month, it’s lining up to be the best August since 1984.

The approach of shorter days and cooler nights now prompts the question: Has it been too good to

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‘Harry Potter’ on HBO Max? Not anymore. Welcome to the new streamer chaos.

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When HBO Max debuted at the end of May, it had a strong initial draw: All eight “Harry Potter” films. Despite the “HBO” in its title, the service is actually part of WarnerMedia, which also owns Warner Bros. But fans hoping their HBO subscription will grant them access to the Potterverse will find their luck has already run out. The movies left HBO Max on Aug. 25.

The “Harry Potter” vanishing act is certainly annoying for anyone who paid extra for Max with those films in mind.

The “Harry Potter” vanishing act is certainly annoying for anyone who paid extra for Max with those films in mind. But it’s also a high-profile reminder of how this streaming explosion has created a chaotic mess, as production studios desperately shell out to get back their own content for their own newly launched services.

Moreover, “Harry Potter” is far from the only franchise

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Can outdoor schooling work for everyone?

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Kate Gardoqui:

So when we talk about outdoor learning, we can talk about two different things. One is simply learning outdoors. So I think for many teachers in this context, outdoor learning is simply going to mean taking as much of the curriculum as they can that they would have taught indoors and just teaching it outdoors. The same discussions, the same texts, the same problems.

I know that presents particular challenges for teachers who need equipment like science teachers. So I know not all of the curriculum can translate.

But for many teachers, outdoor learning might just mean learning the same things but in an outdoor space, however, when we talk about nature based learning, so lessons, activities, experiences which are rooted in having students connect with nature, it is absolutely true that we can make those experiences as academically rigorous as anything that students can do indoors.

No

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Want to support cannabis businesses focused on social justice? This list is for you.

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EDITOR’S NOTE: NJ Cannabis Insider produces exclusive weekly content and monthly events geared toward those interested in the marijuana and hemp industries.

If you don’t know about the Accountability List, you should — especially if you own, lead or work for a cannabis business in America.

The Black women who founded Cannaclusive in 2017 to promote minority representation and defeat racist stereotypes took note of the social media messages companies posted lamenting the brazen murder of George Floyd by a Minneapolis police officer over the Memorial Day weekend. They catalogued the pledges to make the cannabis industry more welcoming to people of color.

Cannaclusive sent emails to companies requesting information. Volunteers also scoured company websites, financial records and social media accounts for information. Some employees quietly shared information with the group.

And now cannabis consumers and industry players are invited to examine the racial makeup and actions taken by 323

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BlackRock Gets Go-Ahead for a Mutual-Fund Business in China

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BlackRock Inc. got approval from regulators to start a mutual-fund business in China, a milestone for an investment firm with fierce ambitions in the world’s second-largest economy.

The New York asset manager was given the green light to set up a wholly owned mutual-fund business in Shanghai, the China Securities Regulatory Commission disclosed late this week. This paves the way for the world’s largest asset manager to be one of the first foreign investment firms to start managing money for Chinese individuals.

The move comes as senior U.S. and Chinese officials this week said they were committed to carrying out the phase-one trade accord between the two nations. The deal, signed in January, included terms that granted financial institutions more access to China.

“BlackRock has received regulatory approval to advance our establishment of a fund management company in China,” a spokeswoman said, “through which we will provide Chinese investors with

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