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Trump tests positive after refusing to wear a mask


Markets

Nikkei 225

23,029.90

▼ -155.22 / -0.67%

SSE Composite

3,218.05

▼ -6.31 / -0.20%

IBOVESPA

94,015.68

▼ -1,462.84 / -1.53%

Straits Times

2,496.11

▼ -4.63 / -0.19%

BMV IPC

36,642.38

▲ +16.27 / +0.04%

Dow Jones

27,682.81

▼ -134.09 / -0.48%

DAX 30

12,689.04

▼ -41.73 / -0.33%

BSE SENSEX

38,697.05

▲ +629.12 / +1.65%

FTSE 100

5,902.12

▲ +22.67 / +0.39%

JSE Top 40

49,896.68

▼ -262.46 / -0.52%

Market News

  • Nikkei 225: Many Asian indices appear to be on the higher end of their yearly average, and Japan’s Nikkei 225 is no exception.
  • OMX Nordic 40: Scandinavia’s OMX Nordic 40 appears to be holding strongly, maintaining its average up 22.6% in the last year.
  • TSX Composite: Canada’s TSX Composite has been down almost 3% in the past month, barely closing Friday up 0.09%.

Last Week’s Highlights

Nigeria Develops Inexpensive New COVID-19 Test

The West African country of Nigeria has only been able to test around 1% of its population during the whole of the coronavirus pandemic. Now scientists from this very country have developed a new test that proves to be accurate, fast, and much less expensive than global counterparts. This development could prove immeasurably important for the African continent, as it is reporting over 1 million cases.

COVID Takes the White House

That’s right, US President Donald Trump has officially announced that he and his wife, Melania, have tested positive for the coronavirus. Originally the White House doctor claimed that the president was doing “well”, however the couple was moved to a hospital for treatment. Trump has been on the campaign trail over the last few weeks, and the likelihood of exposure, especially considering he doesn’t wear a mask, was high.

Coming Up This Week

India’s Curve, Flattening or on the Rise?

The death toll in India has officially reached beyond 100,000, and shows no sign of slowing down. This news marks India directly behind the US and Brazil as far as each country’s COVID-19 death toll. Some speculate that within communities in the South Asian subcontinent, the virus has been able to spread quickly and out of control. And with all of this said, the federal and local governments appear to be planning reopening within the near future.

Cuba’s Tourism Industry Remains Nonexistent

Six months of quarantine and social distancing in Cuba have caused massive problems for the Caribbean island’s tourism industry. As a country whose public relies greatly on taxis, museum and historic site tours, and paladar restaurants, the people are now suffering. General talk of reopening to allow visitors back in has been happening, but no firm dates or plans have been announced quite yet. Time will tell if the end of October will see the first few commercial flights reopen.


More Things to Sip On…

Global economies may show signs of growth, but the path to recovery will likely be longer than we think.

Just like children, adults have been found to also experience a similar COVID-related syndrome.

Black hole research keeps up the search for better imaging possibilities.


Academy

5 Investment Tips To Become A Smart Investor

simple investment tips

“Why don’t you invest? Or why do your friends not invest? Many millennials report mistrust of the market, lack of know-how, insufficient funds, and student debt as barriers that prevent them from investing.”

Learn more »

6 Steps to set your Personal Financial Goals

financial goals

“No matter what stage of life you currently find yourself in, we’re pretty sure that you’ve given some thought about both your short- and long-term personal financial goals.”

Learn more »

20 Side Hustle Ideas to Boost Your Income

side hustle

“A side gig, moonlighting, or, as the kids call it these days, a side hustle is an excellent way to diversify your income, make a hobby profitable, and even build your confidence.” 

Learn more »

“During recession greed dies, frugality survives.”
– Amit Kalantri –


Disclaimer
Visit our Disclosures section for additional information. All market information provided was collected in the afternoon of October 2, 2020. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in News Flight are not representative of FlexInvest Inc.

All information provided was collected up to the last business day of the previous week of the release of this NewsFlight. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in NewsFlight are not representative of FlexInvest.

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Wild Card

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