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European shares fall to one-month lows, battered by the surge in COVID-19, while volatility nears four-month high

Summary List PlacementEuropean shares fell to their lowest in a month on Tuesday, under pressure from investor concern over the economic impact of yet more restrictions on movement, as the surge in cases of COVID-19 across the region offset strong bank earnings and a modest pick-up in US stock futures. The Stoxx 600 fell 0.4%, as losses in travel, leisure and retail stocks wiped out gains from the financial and technology sectors, while yields on safe-haven German Bunds fell and a measure of European equity investor nervousness neared four-month highs. The index of the 600 biggest European stocks dropped to its lowest since September 25. "Markets 'blue sky' disposition is taking quite a battering from reality," ADM Investor Services Marc Ostwald said. The British government on Monday ann...

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10 things you need to know before the opening bell

Summary List PlacementWelcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. Here's what you need to know before markets open. 1. HSBC shares jump 5% after Europe's biggest bank reports slimmer credit losses. The bank reported a drop in revenue in the third quarter, but was upbeat about the prospect of paying dividends.  2. Airbnb has approved a 2-for-1 private stock split to attract retail investors at its IPO in December. The company's share value has ripped higher this year.   3. JPMorgan is bullish on alternative energy stocks no matter who wins the election. Here's what the upside potential might look like. 4. Nobel-winning economist Robert Shiller says low investor confidence and high prices are raising the risk of a market crash....

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Police in Michigan, a hotbed for armed far-right groups, said they may be powerless to enforce a ban on guns at polling places

Summary List PlacementMichigan police chiefs have said they are unwilling and unable to enforce a ban on openly carrying firearms to polling stations, local media reported. Law enforcement spoke out about the ban with around one week to go until the November 3 US election. It was imposed this month by Michigan authorities worried that armed groups could intimidate voters..  Michigan secretary of state Jocelyn Benson brought in the ban earlier in October. In a memo he noted that the presence of armed individuals at polling stations "may cause disruption, fear, or intimidation for voters, election workers, and others present." The ban prohibits the open-carrying of guns "in a polling place, in any hallway used by voters to enter or exit, or within 100 feet of any entrance to a building in ...

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Does Illinois’ pot law pass the smell test? Scent of weed can still prompt cops to search vehicles

The smell of pot can still prompt a drug search under Illinois law. | Sun-Times files For many folks, the fragrance of cannabis is unmistakable. For police officers, it can still help establish probable cause for a search. For many folks, the fragrance of weed is unmistakable. But the mere smell of pot can still prompt cops to search a vehicle in Illinois — despite the state fully legalizing the drug at the start of the year. In an article published Monday by the Illinois State Bar Association, a former prosecutor and a public defender raised questions about what exactly constitutes probable cause for a search when a cop or drug-sniffing dog smells marijuana. Earlier this month, lawmakers in Virginia passed two bills preventing officers from conducting similar warrantless searches that

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Uber fires ethnic minority drivers based on a ‘racially-biased’ star-rating system, a new lawsuit claims. It accuses Uber of ‘intentional race discrimination.’

Summary List PlacementA former Uber driver filed a lawsuit against the taxi app on Monday, claiming it discriminates against ethnic minority drivers by firing workers based on a "racially-biased" rating system. Former Uber driver Thomas Liu, from San Diego, filed the class-action lawsuit over his dismissal from the company in 2015. He was fired because riders gave him unfair app ratings because of his race, his lawsuit claimed. Uber customers can rate drivers on a one-to-five-star scale after each ride. To stay working for Uber, drivers must meet a minimum average rating — when Liu was dismissed in 2015, the required rating in San Diego was 4.6. "Uber's use of this system to determine driver terminations constitutes race discrimination, as it is widely recognized that customer evaluatio...

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7 shot Monday in Chicago

Seven people were shot Oct. 26, 2020, in Chicago. | Sun-Times file photo Three of the day’s shootings occurred in the 8 o’clock hour in West Side neighborhoods. Seven people were shot Sunday in Chicago. The most recent shooting wounded a man in Lawndale on the West Side. He was in a vehicle about 8:45 p.m. in the 4000 block of West Lexington Street when someone approached and opened fire, Chicago police said. The 37-year-old was struck in the foot and taken to Mount Sinai Hospital in good condition, police said. About ten minutes prior a man was wounded in a shooting in Austin on the West Side. The 19-year-old was on the sidewalk about 8:35 p.m. in the 1800 block of North Monitor Avenue when someone opened fire, striking him in the leg, police said. He was taken to Saints Mary and El...

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Big Tech faces ‘danger scenario’ with a Democratic sweep in November, warns prominent venture capitalist Bradley Tusk

Summary List Placement Big Tech faces a "danger scenario" with a Joe Biden win and a "blue sweep" in the upcoming elections, prominent venture capitalist Bradley Tusk warned on CNBC. "People assume Congress is so incompetent and so inept and Big Tech companies are so smart they'll figure out how to stop them," Tusk, who is also a political strategist, said. "I don't know if that's the correct assumption. You could certainly see left-leaning, anti-tech proposals have much more of an impact in Washington starting next year," he said. But things look different for smaller companies and start-ups, he said, as new legislation would allow them to build products that won't immediately be quashed by a larger rival. Visit Business Insider's homepage for more stories. Investors may be missing t...

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Wall Street loves data centers — MoneyGram’s tech transformation — How much PE pays

Summary List PlacementHiya. Monday was a rocky one for the markets. A rise in coronavirus cases, a bleak outlook for another round of stimulus checks, and being just a week out from the election created the perfect storm for a volatile market. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.  Wall Street loves data centers Everyone knows financial firms have grown obsessed with the power of data in recent years. But what about the places that actually store it. Big-time investors like Goldman Sachs, KKR, and Blackstone are rolling out plans to buy up data centers. ...

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After injury scare, Bears’ Eddie Jackson gets his TD

Bears safety Eddie Jackson celebrates his touchdown Monday night in Los Angeles. | Photo by Katelyn Mulcahy/Getty Images He leapt on a blitz, grabbed at his left knee as he landed and crumbled to the ground. LOS ANGELES — Bears safety Eddie Jackson picked up the fumble, ran toward the end zone and spotted the penalty flag. Of course there was a flag, he thought — the Bears safety had scored two defensive touchdowns earlier this year that were canceled out by penalties. After officials huddled in the fourth quarter Monday night, though, they announced a hold on Rams tight end Johnny Mundt. Jackson had his touchdown, which brought the Bears within 14 points — the same score as the eventual 24-10 final deficit at SoFi Stadium. Jackson praised outside linebacker Robert Quinn, who forced t...

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Ask Amy: When they need my husband’s help, this woman is suddenly nice to me again

Dear Amy: “Sally” and I were “friends” on Facebook. We weren’t close, but our husbands were pals and my husband would often help hers with home projects. Sally tended to be needy and volatile, cutting people off when she disagreed with them. Columnist Amy Dickinson (Bill Hogan/Chicago Tribune) Recently, Sally put a political post on FB and I responded to it in a way that she found offensive. She removed my comment. I then messaged her that I was sorry, and that I realized I had erred. I asked for reconciliation and asked if we could talk about it. In response, she unfriended me and sent what I consider to be a very nasty message. I understand that she does not have to forgive me nor maintain any kind of contact. Meanwhile, Sally’s husband asked mine for help with some cabinetry in their ne

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THE INTERNET OF MEDICAL THINGS: The coronavirus is catalyzing a need for healthcare IoT in the US — here’s how connectivity and technology providers are carving out their place in the market

Summary List Placement This is a preview of the Business Insider Intelligence Internet of Medical Things premium research report. Purchase this report here. Business Insider Intelligence offers even more technology coverage with our Connectivity & Tech Briefing. Subscribe today to receive industry-changing connectivity news and analysis to your inbox. Healthcare providers have been turning to the Internet of Medical Things (IoMT) to facilitate their digital transformation since before the coronavirus hit the US — but the pandemic has caused a sea change in providers' willingness to implement IoT solutions that augment efforts in preparing for, containing, and diagnosing the virus.  As the backbone that powers the IoMT, connectivity and technology providers have a mounting opportunity

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Harriette Cole: I get no thrill from seeing my creations on TV

DEAR HARRIETTE: I have this incredible job I’ve always wanted, but I’m just not happy. Harriette Cole When I was young and people would ask me what I wanted to be when I grew up, I said I wanted to make clothes. I love fashion. I love to draw new designs, and I know how to sew and bring a drawing to life. I now have a dream job working with an upscale fashion line adding my taste and ideas to everything and getting to see it come alive. But once I see my ideas in magazines or on TV and in the stores, I no longer have the thrill I thought I would. Now, I am not even sure if fashion is really what I want to do anymore! How did I stop loving the only thing I have ever seen myself doing, and where do I go from here? I want to enjoy my job, but fashion is feeling like robotic work now, and I wa

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Porsche Design and Acer Create Carbon Fiber Laptop With New Intel Evo Processor

An ultra-thin Acer laptop with a brand new processor is the latest product to get a racy makeover by Porsche's lifestyle branch. Following the German marque's recent collab with Puma is the Porsche Design Acer Book RS. We aren't exactly sure what the Racing Sport moniker is supposed to denote in this context, but the liberal use of black carbon fiber for the unibody-hinged cover is definitely borrowed from the auto industry, where the high-strength, low-weight material is widely used in the bodies of sports cars. Even when paired with a diamond-cut, CNC-machined chassis, the entire unit clocks in at 2.76 pounds and .63 inches thick.  Porsche Design's other major contribution to the project is a luxe "Travelpack" consisting of a Ecco Palermo XA leather travel pouch, a notebook sleeve fashi...

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Airbnb approves 2-for-1 private stock split as share value rips higher, report says

Summary List Placement Airbnb's board has approved a 2-for-1 private stock split as the value of its shares has ripped higher, Bloomberg reported. The stock split, which comes into effect on Tuesday, would make it easier for retail investors to participate in the company's initial public offering because of the lower cost of each share. The value of the home-rental app's privately-held shares have climbed 10.4% since the end of the second-quarter. Airbnb plans to raise roughly $3 billion through its IPO in December, giving it a valuation of more than $30 billion. Visit Business Insider's homepage for more stories. Airbnb has approved a 2-for-1 stock split for privately held shares ahead of its initial public offering slated for December, Bloomberg reported on Sunday. The home-rental ...

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