U.S. stocks end higher for fourth straight day to extend election week gains. Citi rated XPeng at buy, expecting the company to post 57% sales volume growth in the next five years and break even in 2024. It’s Time to Pounce on It. Biden has proposed raising the capital gains tax rate from 20% to 39.6% for those making over $1 million, which would represent a big blow to the asset management industry. Now he has a surprising new prediction for 2020. Its bonds are attractive, as the yield differential with U.S. Treasuries hovers near a five-year high.

A whopping 69,369 bitcoins was recently moved from the fourth richest wallet in the world. Under the collaboration, iQIYI VIP members were able to enjoy a wide selection of KFC's coffee, afternoon tea products for a discounted price. It supports multiple screens, and allows you to watch anytime. Such a step would likely add to its financial problems by saddling the government with higher interest bills and preventing many mutual funds from owning its debt.Pritzker said Wednesday he considers the state’s investment grade rating “very important” and will continue to work to fix the state’s structural financial problems to avoid it going lower.Read more: Democrats Lose Leverage on Stimulus, as Smaller Bill Likely“In this election, Illinois voters sent a resounding message that with an $8 billion deficit and two massive tax hikes in the last ten years, we cannot trust Springfield Politicians with another tax hike,” the Coalition to Stop the Proposed Tax Hike Amendment, said in an emailed statement late Tuesday.“We are undoubtedly disappointed with this result but are proud of the millions of Illinoisans who cast their ballots in support of tax fairness in this election,” Quentin Fulks, chairman of the Vote Yes For Fairness campaign, which supported the measure, said in an emailed statement on Wednesday.“Now lawmakers must address a multi-billion dollar budget gap without the ability to ask the wealthy to pay their fair share,” Fulks said.

In addition, it also provides iQIYI's VIP members with limited cups of free KFC K COFFEEs as well as nearly 1 million K COFFEE coupons. Biden was leading in key Midwestern states in the race for the White House as votes were being counted on Wednesday afternoon, but President Donald Trump's Republican Party was poised to keep control of the Senate even as Democrats retained their majority in the House of the Representatives. As innovative pioneers in the respective fields of video entertainment and food and beverage with a large base of young users, iQIYI has cooperated with KFC many times in terms of member services and exclusive set meals. Federal Reserve announces policy decision, http://www.prnewswire.com/news-releases/iqiyi-debuts-suspense-drama-list-for-mist-theater-301079404.html, EA second-quarter adjusted sales fall short of estimates, US STOCKS-Wall St rallies on bets for divided U.S. Congress, Fed holds steady, GLOBAL MARKETS-Shares jump as Biden edges toward victory, dollar slips, Facebook Removes Group Trying to Cast Doubt on Vote, CI Financial to buy investment adviser Doyle Wealth Management, The Justice Department just seized a record $1 billion in bitcoin, Analysis: Wall Street cheers U.S. election removing major tax-hike threat, The Man Who Bought Amazon at $48 Says Buy TaaS Now, Which U.S. President Was Best For Stocks? Illinois will need to look at other budget-balancing steps, Eric Kim, head of state government ratings for Fitch, said in an emailed statement.Alternatives for Illinois include more borrowing, tapping the Federal Reserve’s Municipal Liquidity Facility for a second time, cutting spending or raising revenue with sales taxes and a higher flat income tax rate, Kim said.‘Budget Crisis’Previously, Pritzker has said budget cuts of 15% over two years or potentially borrowing from the Fed again are possible if the amendment failed and no more federal aid comes through.“While the fair tax would have helped to address our budget crisis with the least damage to the working families of Illinois, the millionaires and billionaires opposed it to protect their own wallets, deceiving the public about its purpose and they ended up prevailing,” Pritzker said Wednesday. The likelihood of “credit-negative strategies” like deferring near-term pension contributions may also rise, Moody’s said.Even with the graduated income tax failure, Illinois has other options available, Carol Spain, S&P’s director of U.S. public finance, said in an emailed statement.

(Bloomberg) -- Illinois voters defeated a measure that would have allowed the state to raise taxes on its wealthiest residents, striking down a pillar of Governor J.B. Pritzker’s plan for shoring up the state’s finances and preventing its debt from being cut to junk.The failure of the constitutional amendment that would have scrapped the flat income tax by a vote of 55% against sent the prices of Illinois’s bonds tumbling, with those due in 2034 down about 7%. Our excellent content and services let you watch to your heart's content, anytime and anywhere. The Lost Tomb Chinese Drama - 2015, 10 episodes. Historical and current end-of-day data provided by FACTSET. The three major rating companies, which all consider Illinois the lowest level of investment grade, said they’ll be watching for the state’s backup plan.“There will be cuts and they will be painful,” Pritzker said during a press conference on Wednesday. Illinois has about $8.3 billion of unpaid bills, some $137 billion of unfunded pension liabilities, and its rainy day fund has just $68,459. (It Wasn't Trump), The Day Jack Ma Became Ray Dalio's Nightmare, How billionaire Jack Ma fell to earth and took Ant's mega IPO with him, Young Trader Has Quietly Made Over $1MM In 2020, Nio, other Chinese EV makers add to gains after Citi's calls, Cramer Shares His Thoughts On Oracle, AT&T And More. iQIYI is a Chinese video hosting website created in 2010, it started producing original content … First, assumed rules can be broken at whim, especially when policy makers fear they are losing face.
Amazon Inc (NASDAQ: AMZN) CEO Jeff Bezos has offloaded $3 billion worth of the e-commerce company's shares this week, according to filings with the U.S. Securities and Exchange Commission on Wednesday.What Happened: Bezos's beneficial ownership filings show that a total of one million common stock shares were sold on Monday and Tuesday. Cookie Notice. "The speech by Jack Ma in Shanghai suggests he wanted to openly challenge the regulator which is unacceptable," a senior executive at a Chinese bank told FT. Chen Zhiwu, a professor of finance at Hong Kong University, suggested the regulatory crackdown has to be a result of Ma's comments.The professor also noted that China's Xinhua News agency publicly attacked Ma, post the speech.Don't Be So 'Casual:' The night Ma and other Ant executives were summoned by China's regulators, Xinhua published a cryptic article, first noted on Momentum Works' blog, titled "Don't talk casually, don't do things casually, and people should not be casual. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. Perfectly all I wanted in 1 drama. Sure, China has many attractive traits, but you’d better be prepared to stay in perpetual crisis mode. (Bloomberg Opinion) -- Nov. 3 was a sad, sad day for China. All rights reserved. I want to rave how good this is in the hopes more people will give this drama a watch.

“So I assure you that Chinese regulators’ move to curtail Ma’s IPO was not my worst nightmare, and I certainly do not believe that it will have any notable effect on the evolution of China and its markets.” To read his full statement, click here.

This event doesn't necessarily reflect Bezos's views on Amazon's future stock performance.Price Action: AMZN closed 6.32% higher at $3,241.16.Photo courtesy of Seattle City Council via FlickrSee more from Benzinga * Click here for options trades from Benzinga * Spotify Rolls Out Standalone Streaming On Apple Watch App: TechCrunch * A Chinese Company's Stock Is Surging — Thanks To Trump(C) 2020 Benzinga.com.

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