PNC Financial Services Group Inc. Has $637,000 Stock Holdings in Entegris Inc (NASDAQ:ENTG)

PNC Financial Services Group Inc. lessened its stake in Entegris Inc (NASDAQ:ENTG) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,776 shares of the semiconductor company’s stock after selling 690 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Entegris were worth $637,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ENTG. London Co. of Virginia grew its stake in Entegris by 23.8% in the 1st quarter. London Co. of Virginia now owns 4,112,832 shares of the semiconductor company’s stock valued at $184,131,000 after buying an additional 790,870 shares during the last quarter. FIL Ltd bought a new stake in Entegris in the 2nd quarter valued at $38,041,000. Wellington Management Group LLP boosted its holdings in Entegris by

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Consumer Confidence in U.S. Posts Biggest Gain in 17 Years

(Bloomberg) — Consumer confidence rebounded in September by the most in more than 17 years as Americans grew more upbeat about the outlook for the economy and job market, though sentiment remained below pre-pandemic levels.

The Conference Board’s index increased 15.5 points, the most since April 2003, to 101.8 from August’s upwardly revised 86.3, according to a report issued Tuesday. The median forecast in a Bloomberg survey of economists called for a reading of 90 in September, and the figure exceeded all estimates.

The group’s gauge of current conditions rose 12.7 points to 98.5, while a measure of the short-term outlook jumped 17.4 points to a three-month high. The gain in the expectations index was the largest since 2009. The S&P 500 turned positive after the report.



chart: Americans grew more upbeat about outlook for economy and employment


© Bloomberg
Americans grew more upbeat about outlook for economy and employment

Even with the outsize improvement in September, Americans remain downbeat about

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PNC Financial Services Group Inc. Buys Shares of 74,584 ChampionX Corporation (NYSE:CHX)

PNC Financial Services Group Inc. bought a new stake in ChampionX Corporation (NYSE:CHX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 74,584 shares of the company’s stock, valued at approximately $727,000.

A number of other institutional investors have also added to or reduced their stakes in CHX. Envestnet Asset Management Inc. bought a new position in ChampionX in the second quarter valued at about $499,000. Wedge Capital Management L L P NC bought a new position in ChampionX in the second quarter valued at about $8,125,000. Louisiana State Employees Retirement System bought a new position in ChampionX in the second quarter valued at about $453,000. Toth Financial Advisory Corp bought a new position in ChampionX in the second quarter valued at about $45,000. Finally, Endurance Wealth Management Inc. bought a new position in ChampionX in

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Goldman Sachs streamlines asset, consumer, wealth management units

NEW YORK (Reuters) – Goldman Sachs Group Inc <GS.N> on Tuesday named new chiefs of its asset management and consumer and wealth management divisions as part of a broader restructuring of those businesses, effective Jan. 1.

The merchant banking and asset management businesses will be merged into a unit led by Eric Lane and Julian Salisbury, it said in a statement. Lane is global co-head of the bank’s consumer and investment management division. Salisbury serves as global head of merchant banking.

The private wealth and consumer businesses will be combined into a unit led by Tucker York and Stephanie Cohen. York is head of wealth management, while Cohen is the bank’s chief strategy officer. Russ Hutchinson, head of financial institutions M&A in the Americas, will become chief strategy officer.

Chief Executive David Solomon, who succeeded Lloyd Blankfein in October 2018, has been reshaping the bank, shifting its focus away from

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Gleaners Food Bank of Indiana named Official Charitable Partner of the Indianapolis Motor Speedway

In helping raise awareness for its No One Runs on Empty campaign on food insecurity in central Indiana, Gleaners Food Bank has become an Official Charitable Partner of the Indianapolis Motor Speedway, the pair announced Tuesday. The news comes at the start of the first fan-attended race week of the year at IMS, ahead of IndyCar’s Harvest Grand Prix doubleheader Friday and Saturday, along with the Indianapolis 8 Hour endurance race on Sunday.



a close up of a food truck: An event at the Indianapolis Motor Speedway called Mega Mobile Food Drive, sponsored by Gleaners Food Banks, Indianapolis, Saturday, May 23, 2020. The event, which gives fresh milk, veggies, fruit, and meat to families in need, is a repeat of an event last week at the Indiana State Fairgrounds. This is the traditional weekend for the Indianapolis 500 mile race, which has been moved to August due to the coronavirus.


© Robert Scheer/IndyStar
An event at the Indianapolis Motor Speedway called Mega Mobile Food Drive, sponsored by Gleaners Food Banks, Indianapolis, Saturday, May 23, 2020. The event, which gives fresh milk, veggies, fruit, and meat to families in need, is a repeat of an event last week at the Indiana State Fairgrounds. This is the traditional weekend for the Indianapolis 500 mile race, which has been moved to August due to the coronavirus.

Starting Thursday, fans in

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The stock market is more at risk on a Trump win than on a Biden win

Outlook:

We have a lot of news this week—see the Econoday calendar—but the norm is to attend to the ADP private sector jobs report on Wednesday, the Challenger jobs report on Thursday and the bazooka, the Sept monthly jobs report on Friday. While the numbers are still grim and recovery is still seen as stalling, the proof of the pudding will come on Oct 13-14 when Amazon holds one of its Prime Days. If US consumers are still greedy for material goods, that’s when we see it.

All the same, the divide between the Haves and the Have-Nots is growing. Here’s a sobering piece from the WSJ: “More homes are going dark as moratoriums on utility shut-offs end. Of the 36 states that issued moratoriums on utility shut-offs for people who couldn’t pay their bills since the pandemic started, 14 have already expired. Between now and mid-October, an estimated 24

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McCormick’s Consumer Business Continues to Outperform

Spice and condiments giant McCormick (NYSE:MKC) is coasting on a financial framework its management team probably couldn’t have envisioned this time last year. Its consumer-facing business is expanding at a higher than normal double-digit clip, while its formerly stable institutional flavorings segment is experiencing a revenue decline. 

The consumer goods behemoth released fiscal third-quarter 2020 results Tuesday morning, and in addition to reporting continued overall progress in an unusual year, management announced an impending stock split and reinstated its earnings guidance. Below, let’s dive into details of the quarter, and look ahead to McCormick’s prospects as it closes out its fiscal year over the next three months.

Five spoons filled with colorful spices rest on a wooden table.

Image source: Getty Images.

Revenue powered by retail sales

McCormick reported a year-over-year revenue advance of 8% this quarter to $1.4 billion, or 9% in constant-currency terms. Consumer segment sales jumped 15% to $911 million, as the COVID-19 pandemic continued to drive eat-at-home

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ParaFi Capital, the DeFi-focused Asset Management Firm, Announces Strategic Investment from Galaxy Digital

Galaxy Digital and ParaFi Capital to seek co-investment opportunities to drive further adoption of decentralized finance innovations in the blockchain technology industry

SAN FRANCISCO, Sept. 29, 2020 /PRNewswire/ – Decentralized finance and blockchain investor ParaFi Capital (“ParaFi”) today announced it has received a strategic investment from an affiliate of Galaxy Digital Holdings Ltd. (TSX: GLXY) (“Galaxy Digital”), a leading financial services and investment management company in the cryptocurrency and blockchain technology sector founded by Mike Novogratz. With this transaction, Galaxy Digital has become a minority shareholder in the firm, joining other ParaFi investors including Bain Capital Ventures and Henry Kravis, Co-CEO and Co-Founder of KKR. As of August 31, 2020, ParaFi had assets under management of over $100 million.

ParaFi and Galaxy Digital expect to identify opportunities to jointly co-invest where they can leverage ParaFi’s expertise in the decentralized finance (“DeFi”) space together with Galaxy

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Trades mixed as Sino-American tension offsets stimulus, Brexit hopes

  • Asian shares refrain from tracking Wall Street gains as mixed headlines from China probe the bulls.
  • China bought only one-third of promised US goods through August, cites Yuan’s strength as export negative.
  • US House Democrats unveil plans to break the stimulus deadlock, EU also eased Brexit stance ahead of today’s key talks.
  • First round of American Presidential Election debate, negotiations in Brussels will be crucial.

Asian equities fizzle upside momentum as Beijing’s failures to comply with the trade deal probe the early-day risk-on mood before the European traders kick-start Tuesday’s work. While portraying the same, the MSCI index of Asia-Pacific shares outside Japan marks 0.30% intraday gains whereas Japan’s Nikkei 225 also adds around 0.35% to 23,595 by the time of the press.

Not only the dragon nation’s failures to comply with the trade deal but comments in the China Daily, criticizing the Trump administration’s “Sinophobic policies”, also flash the

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PNC Financial Services Group Inc. Purchases New Stake in Baker Hughes Company (NYSE:BKR)

PNC Financial Services Group Inc. purchased a new stake in shares of Baker Hughes Company (NYSE:BKR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 71,004 shares of the company’s stock, valued at approximately $1,092,000.

A number of other large investors have also bought and sold shares of the stock. Nuveen Asset Management LLC acquired a new position in Baker Hughes during the second quarter valued at $58,390,000. Charles Schwab Investment Management Inc. acquired a new position in Baker Hughes during the second quarter valued at $77,707,000. RMR Wealth Builders acquired a new position in Baker Hughes in the 2nd quarter worth about $42,000. Orion Portfolio Solutions LLC acquired a new position in Baker Hughes in the 2nd quarter worth about $42,000. Finally, AQR Capital Management LLC acquired a new position in Baker Hughes in the 2nd quarter

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