Most investors now expect Biden to beat Trump, but view it as bearish for stocks

Most U.S. equity investors now expect presumptive Democratic nominee Joe Biden to defeat President Donald Trump in the November election, according to a new survey from RBC, an event that will also be bearish for stocks given the former Vice President’s policy stances.

According to the survey of 107 institutional investors, 63% of investors expect Biden and the Democrats to win in November. The data represent a sharp reversal from Wall Street’s sentiment before the COVID-19 pandemic, which showed markets consistently pricing in Trump’s reelection.

Democratic presidential candidate Joe Biden speaks about reopening the country during a speech in Darby, Pennsylvania, on June 17, 2020. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

Along those lines, investors anticipating the president’s victory fell substantially for the second consecutive survey, RBC noted. Presently, only 37% see a Trump re-election — down more than half from the

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Nike earnings: Here’s what to expect

On Thursday sportswear giant Nike (NKE) reports its fourth-quarter results after the bell. Investors will be keeping an eye on Nike’s China sales, digital platform, and the company’s performance during the coronavirus pandemic. Analysts polled by Bloomberg predict Nike will report adjusted earnings per share of 10 cents on revenue of $7.4 billion.

Despite a predicted hit from the virus outbreak, several analysts say the company has a bright future fueled by its strengthening e-commerce platforms and its progressive stances on social justice. 

“Nike is the king of the hill,” analyst Sam Poser of Susquehanna Financial Group told Yahoo Finance, but he does acknowledge that Nike is coming out of a challenging quarter. “Q4 is going to be a tough quarter; there’s no doubt about it … There’s nothing you can do about it, it’s really what they’re going to say about next quarter. How well they weather, they tell

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Don’t expect shale to rise like “phoenix from the ashes”: Oil strategist

Don’t expect the U.S. shale industry, battered by the pandemic and an oil price war earlier this year, to move into strong growth levels any time soon, says one oil expert.

“There are those who think that shale will still rise like the phoenix from the ashes like it has, in the previous downturns,” Vandana Hari, founder and CEO of Vanda Insights, told Yahoo Finance’s The First Trade.

“I think that shale has taken a really hard knock this time. It will be very hard for it to come back,” she added.

“It’s a very debt-dependent sector, unlike a lot of other oil and gas producers globally. And I think the investors have soured quite a bit on the shale sector; they’re just not going to be ready to jump back in.” said Hari.

A study by Deloitte shows when crude futures are at $35 a barrel, about 30% of

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Here’s what to expect from Apple’s WWDC 2020 event

Apple’s WWDC kicks off June 21. But rather than the company’s traditional developer conference held in a large, packed event space, the COVID-19 era has forced Apple to take one of its most important events of the year entirely online.

But don’t expect Apple (AAPL) to pull its punches in terms of news. You can count on the tech giant to make a host of major announcements including the debut of the latest version of iOS, and maybe even a few surprises.

Here’s what you can expect from WWDC 2020.

The first ARM-powered Macs

Apple has been rumored to be working on its own processors for its Mac and MacBook lines of computers for some time. And according to Bloomberg, the firm will finally make the move at WWDC. 

The company first began using Intel chips in its systems in 2006 after transitioning away from its PowerPC architecture. Intel’s chipsets

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What workers can expect back at the office as coronavirus lockdowns ease

The days of crowded elevators, open floor plans and communal lunch tables may be gone for good — or at least for a while.

As companies expand work-from-home arrangements, others are preparing for the return of workers in ways that spell an end to the daily rituals that punctuated office life before the COVID-19 pandemic took hold.

From the moment of arrival, changes like limiting the number of people allowed to ride the elevator and employee health checks could become standard practice.

New infections are leveling off around the country, and slowly but surely, cities are declaring themselves open for business. That is shifting the focus to the safe return to work, with commercial real estate giant Cushman & Wakefield at the forefront of those efforts.

Recently, the company released a design for office reconfiguration. Called the Six Feet Office, Cushman’s concept serves as a constant reminder for employees to

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