Two major market events that have the potential to send U.S. equity volumes sky-high will collide Friday. The first is the quarterly event known as â€œquadruple witchingâ€ -- when futures and options on indexes and individual stocks expire. The anticipated spike in turbulence will hit a market already roiled by rising trade tensions between the U.S. and China.
Listings for an Amazon Echo Sub subwoofer and an Amazon Smart Plug were leaked ahead of a company event on Thursday. The subwoofer is designed to work with Amazon's Echo speakers, which would also get stereo sound functionality, according to the leaked listings on Amazon UK first spotted by the website Pocket-lint. The Amazon Smart Plug would give basic Alexa functionality to devices plugged into it.
Anheuser-Busch and other beverage makers donated cans of drinking water to victims of Hurricane Florence. Early estimates show that Hurricane Florence has left a $22 billion path of devastation in its wake, with $2.5 billion in insured losses so far. Hundreds of thousands of people are still without power in North Carolina, and flooding remains at dangerous levels.
New U.S. liquefied natural gas terminals with enough capacity to double U.S. exports have either begun commissioning their facilities or are waiting for approval from the energy regulator, a review of their documents showed this week. Although long planned, the actual commissioning of plants has been a moving target in the past. It also opens the taps for large volumes to hit the spot market before long-term commercial contracts are formerly triggered.
It started as a series of phone calls among old high-school friends and ended up embroiling 65 women in the firestorm over a sexual assault allegation that could shape the Supreme Court. In a matter of hours, they all signed onto a letter rallying behind high court nominee and their high school friend Brett Kavanaugh as someone who "has always treated women with decency and respect." And they signed up, whether they anticipated it or not, for becoming a focus of scrutiny themselves. The powerful strength-in-numbers statement, offered to bolster Kavanaugh's denial of a claim that he attacked a girl at a party during their high school years, has drawn questions from journalists, social media skeptics, even Hollywood figures.
Lawmakers have been passing spending bills with unusual speed and little fanfare lately, most recently the $854 billion package covering the Departments of Defense, Health and Human Services, Labor and Education that sailed through the Senate Tuesday. The ease with which these huge spending bills are passing isnâ€™t sitting well with some conservatives in Congress, according to The Hill. â€œItâ€™s a little bit frustrating right now,â€ said Rep. Mark Walker, the chairman of the conservative Republican Study Committee.