Democratic sweep modestly positive for S&P 500 profits: Goldman

FILE PHOTO: U.S. Democratic presidential candidate and former Vice President Joe Biden delivers a speech on the U.S. Supreme Court at the Queen Theater in Wilmington, Delaware, U.S., September 27, 2020. REUTERS/Mike Segar

LONDON (Reuters) – A victory of Democratic candidate Joe Biden in U.S. elections along with his party controlling the Senate and the House of Representatives would be slightly beneficial to S&P 500 profits through 2024, Goldman Sachs analysts said on Tuesday.

The investment bank said its predictions were in stark contrast to what’s expected by most market participants, who see “a blue wave election to have major downward ramifications for earnings”.

Goldman models a 4% upward revision by 2024 to its baseline earnings forecast, which assumes no change in policy, and the potential earnings outlook under policies expected to be enacted in the event of a Democratic sweep.

“From an earnings perspective, a Democratic sweep could have

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Global Demineralized Allografts Market 2020 Competitive Dynamics, Growth Analysis, Segmentation and Worldwide Players Strategies up to 2025

The MarketWatch News Department was not involved in the creation of this content.

Sep 29, 2020 (CDN Newswire via Comtex) —
MarketQuest.biz has recently announced a new report namely Global Demineralized Allografts Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 constitutes a comprehensive analysis of the global market which presents the critical analysis on the current state of the global Demineralized Allografts industry, demand for the product, environment for investment and existing competition. The report underlines market changes, probability features, product particulars, and market development trends. The report focuses on a study on various market affecting factors and in-depth survey of the industry covering major aspects like product types, various applications, top regions, growth analysis, market potential, challenges for investor, opportunity assessments, major drivers, and key players.

Industry Synopsis:

The report evaluates the market size and predictions by product, area, and market condition among the traders and

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Second stimulus check: Here’s the new plan the House just unveiled

You’d get another $1,200 payment and, if you are out of work, an extra $600 a week in unemployment insurance payments under the latest House version of legislation designed help Americans through the coronavirus-created economic downturn.

The legislation would spend $2.2 trillion, down from the $3.4 trillion package that the House approved in May, which the Senate refused to take up and President Donald Trump threatened to veto.

The latest House measure, released as House Speaker Nancy Pelosi, D-Calif., and Treasury Secretary Steven Mnuchin resumed talks, included the Democrats’ non-negotiable demand for federal assistance to state and local governments, though at half the original level.

It remained substantially more than the Senate Republicans’ $500 billion bill that failed to pass and their original $1 trillion measure that they didn’t bring up for a vote due to lack of support.

It also was larger than the bipartisan $1.5 trillion proposal offered

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Global Smart Microwave Oven Market Trends Analysis, Top Manufacturers, Shares, Growth Opportunities and Forecast to 2029

Pune, Maharashtra, India, September 28 2020 (Wiredrelease) Prudour Pvt. Ltd :Market.us delivers granular analysis of Smart Microwave Oven Market 2020 Business Strategies, Gross Margin Analysis, Segmentation, Revenue Value(USD Mn) and CAGR Forecast 2029, which includes global industry analysis, key market trends, vendor classification with their market positioning, sales, revenue and market share with the product type and by applications. Likewise, The development ratio which is expected in perspective of the rational analysis provides thorough information concerning contributions by way of top key vendors, demand, and deliver complete evaluation as well as market proportion boom of the Smart Microwave Oven industry.

Smart Microwave Oven Market: An Structure Overview

Smart Microwave Oven Market play a vital role in consumer goods industry. This intelligence report along with (2020-2029) Forecast of Smart Microwave Oven market study exhibits a pattern of interpreting previous data sources gathered from the most reliable sources and sets a

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Stocks Rally, Driven by Bank and Energy Sectors

By Anna Isaac and Alexander Osipovich 

Gains by banks and energy companies lifted major U.S. stock indexes on Monday, helping the market claw back some lost ground after four consecutive weeks of declines.

The Dow Jones Industrial Average advanced 528 points, or 1.9%, in afternoon trading. The S&P 500 rose 1.8%, while the technology-heavy Nasdaq Composite climbed 1.6%.

The rally came as investors said last week’s selloff was overdone.

“There’s been a lot of froth in markets recently that has been washed out. The underlying fundamentals are all moving in the right direction,” said Hani Redha, a portfolio manager at PineBridge Investments. “We are in the early stages of a multiyear expansion. It will remain volatile in the coming weeks, but overall the trend will remain upward.”

The financial and energy sectors, which tend to be sensitive to economic trends, were among Monday’s strongest performers. Citigroup and Morgan Stanley were

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Why India needs fluid economic laws in areas like digital, informal sector, MSMEs

The logistical and legal framework needed to regulate the economic resources in any country must be in place to ensure their efficient and fair utilisation.

By Mohanish Verma

The rapidly changing new global economic order has thrown us into a phase of shock and uncertainty, without any forewarning and reaction time. While the challenges of technology were already posing issues, the breakdown of domestic and global economies due to the pandemic, calls for quickly creating mechanisms and structures which facilitate rebuilding and rejuvenating the economies. Every economy has to adapt to the situation and evolve strategies to create synergy between its economic laws and development requirements.

Every act of law has a logic and history, with clear objectives and specific provisions. With changing situations, all laws, including economic laws, need to evolve and keep pace addressing the dynamic environment. In recent times with a change in characteristics of economies, it

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Federal money for more Cleveland police is not what city needs right now

Operation Relentless Pursuit and Operation Legend promise to provide federal funding to increase the number of police officers in Cleveland and to provide new policing equipment and technology. Today, Cleveland has approximately 1,600 police officers and a population of about 383,000. In 1992, according to the Encyclopedia of Cleveland History, Cleveland had 1,668 police officers; at that time, about 503,000 lived in the city. Yet, as the number of police officers per resident has gone up, so has the homicide rate, from 16 per 100,000 residents in 1997 to 35 per 100,000 in 2016.

In July, civil right advocates submitted a letter to the U.S. House Committees on Appropriations and Oversight and Reform, asking that Operation Relentless Pursuit be stopped because it serves “only to continue the legacy of systemic racism and criminalization of minority communities.” An increase in incarceration may not be the solution to our current crisis.

Cleveland

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Global Motor Soft Starter Market Report Examines Analysis by Latest Trends, Growth Factors, Key Players and Forecasts 2029

Pune, Maharashtra, India, September 28 2020 (Wiredrelease) Prudour Pvt. Ltd :Market.us delivers granular analysis of Motor Soft Starter Market 2020 Global Future Growth, Forthcoming Developments and Future Investments by Forecast to 2029, which includes global industry analysis, key market trends, vendor classification with their market positioning, sales, revenue and market share with the product type and by applications. Likewise, The development ratio which is expected in perspective of the rational analysis provides thorough information concerning contributions by way of top key vendors, demand, and deliver complete evaluation as well as market proportion boom of the Motor Soft Starter industry.

Motor Soft Starter Market: An Structure Overview

Motor Soft Starter Market play a vital role in manufacturing and construction industry. This intelligence report along with (2020-2029) Forecast of Motor Soft Starter market study exhibits a pattern of interpreting previous data sources gathered from the most reliable sources and sets a

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UK’s economic recovery from Covid-19 crisis continues | Business

Britain’s recovery from the coronavirus pandemic continued for a third month in a row in July as shops reopened and manufacturing activity resumed but the economy has recovered little more than half the ground lost since the onset of the crisis.

The Office for National Statistics (ONS) said gross domestic product (GDP) rose by 6.6% in July compared with the previous month, continuing a rebound from the Covid-19 crisis as lockdown measures were relaxed.

However, in a reflection of the fragile nature of Britain’s economic fightback as the number of coronavirus infections rises, Rishi Sunak laid the groundwork for a delay to the autumn budget in a statement to the House of Commons.

The chancellor told MPs he had asked the Office for Budget Responsibility (OBR) to prepare economic forecasts to be published in “mid to late November,” but did not give a date for the set-piece tax and spending

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Technical Insulation Market 2020: Breakdown Data by Manufacturers, Segments and Regions 2027

The MarketWatch News Department was not involved in the creation of this content.

Sep 29, 2020 (Profound via COMTEX) —
Precedence Research report on the global Technical Insulation market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2020 to 2027. The report provides revenue of the global Technical Insulation market for the period 2016ndash;2027, considering 2019 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global Technical Insulation market during the forecast period.

The global Technical Insulation Market was valued at US$ 7.31 billion in 2019 and expected to reach US$ 8.84 billion by 2027, with a compound annual growth rate (CAGR) of 2.40% during the forecast period 2020 to 2027.

It is pertinent to consider that in a volatile

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