After the Bell: Stocks to Watch September 21st, 2020
Stock-market selloff sets up worst September in 18 years.
S&P 500 index heading into a major correction. 3,222.76 is the level to watch
HSBC has been accused of money laundering 880 million-dollar for the notorious drug kingpin Joaquín “El Chapo” Guzmán. Hundreds of suspicious transactions by a Turkish Financial Consultant we’re laundered through the bank for the Norte del Valle drug cartel.
JPMorgan and Deutsche Bank Named in Money Laundering Reports
Other Banks that continue these practices to launder money after they were prosecuted were HSBC, Chartered, Bank of New York Mellon, JPMorgan Chase. Banks are required to file by law suspicious activity reports when transactions are spotted that show actions of money laundering. 2 trillion dollars is suspected of flowing illegally for money laundering purposes.
But wait, there’s more bad news. Millions of Americans may be missing out on a stimulus check as the United States deaths related to COVID-19 are now approaching 200,000. COVID-19 cases are on the rise in Europe as they prepare for more restrictions. Just enough bad news to stagger the economy once again .
Government scientists are warning in the UK that if actions are not taken to further prevent the spread of COVID-19 they could see up to 50,000 cases per day. Restrictions could include a curfew starting at 10:00 PM.
President Trump still claims that after a deal is set with Walmart and Oracle. He vowed that TikTok will not have a majority stake in the company, and the US will have majority control in TikTok global.
Shares of Nicholas stock plunged due to Trevor Milton stepped down as executive chairman. The news could also spell trouble for General Motors (NYSE:GM), which recently took an 11% stake in Nikola and said it would produce its marquee hydrogen fuel cell electric pickup truck called the Badger.
Microsoft Buys ZeniMax for $7.5 billion. Microsoft (Nasdaq: MSFT) on Monday announced plans to acquire ZeniMax Media, the parent company of Bethesda Softworks, one of the largest, privately held game developers and publishers in the world.
But there is some light at the end of the tunnel. Roku stock surged today on a deal with NBC Peacock to add the streaming service to the platform. The stock closed up to $188.87. Peacock offers the only free tier of premium content in the market, featuring more than 13,000 hours of current, classic, and original movies.