World News – CA – Hackers allegedly stole $ 2.3 million from the Wisconsin Republican Party

Right before presidential election, Republican Party of Wisconsin says hackers stole $ 2.3 million from its federal account President Andrew Hitt told The Associated Press that the FBI was investigating the matter

Hitt said attackers altered invoices from companies that ran direct mail campaigns for President Donald Trump and made pro-Trump items such as hats When the party tried to pay the vendors, the funds went to the hackers instead, according to Hitt

The group noticed something fishy with their account last Thursday and alerted the FBI the next day Hackers attempted more than 800 failed phishing attacks against the party in this election cycle, a spokesperson said Wisconsin GOP word to AP

Wisconsin is a key state in the battlefield that Trump won in 2016 by a margin of around 23,000 votes He and his Democratic opponent, Joe Biden, are both set to make campaign stops on Friday in the goal of obtaining the 10 votes of the electoral colleges of the state Polls suggest the state is a close race between the two

Shares of United Parcel Service, Inc (NYSE: UPS) were not affected after the company said it was the limited company Fox News, Fox News host Tucker Carlson called for losing what he said was a politically sensitive package What happened: Carlson said on his daily show « Tucker Carlson Tonight » on Wednesday that his New York office was in possession of « a collection of documents Confidential Biden Family Confidential ”Carlson was in Los Angeles at the time to film an interview with Tony Bobulinski, a former business partner of Hunter Biden, son of Democratic presidential candidate Joe BidenCarlson has instructed his office to send the documents he described as « genuine » and potentially « damaging » to the Biden campaign The documents were dropped off at a retail store of a « major national carrier » , did he declare Carlson did not elaborate on what the documents are Related Link: How the 2020 Presidential Election Could Impact Healthcare Inventories UPS Problem Statement: Carlson Did Not Name The Company During His Show But Glenn Zaccara, UPS corporate media relations director, told Business Insider that UPS is the limited company »UPS is urgently investigating this matter and regrets the package was damaged, » the company told Business Insider »The integrity of our network and the safety of our customers’ cargo is of the utmost importance. We will remain in direct and frequent contact with Fox News as we learn more from our investigation.To UPS’s credit, Carlson said the company ‘went way beyond’ but ‘found nothing’ « Tonight the company has no idea – or even working theory – of what who arrived at this treasure trove of documents, documents directly relevant to the presidential campaign in just six days, « the Fox News host told me. Photo of Jimhenderson via Wikimedia See more from Benzinga * Click here for transactions from Benzinga options * Molson Coors stock rises after big third quarter beating * Grocery store prices are cause for concern as coronavirus cases rise (C) 2020 Benzingacom Benzinga does not provide investment advice All rights reserved

(Bloomberg) – Apple Inc shares fell 4% after the company announced iPhone sales that missed Wall Street estimates and said earnings in China fell forecast for key holiday quarter, disappointing some analysts hoping for advice However, chief executive Tim Cook said the new iPhone 12 lineup was well received Mac sales and services also hit all-time highs The Cupertino, Calif.-based tech giant on Thursday announced sales for the three months ending September 26 arrived at $ 64 7 billion This exceeds analysts’ estimate of $ 635 billion, according to data compiled by Bloomberg Profits were 73 cents per share, also beating Wall Street expectations iPhone sales fell 21% on anticipation of new models, arriving later than usual this year Cook said the response to the 5G iPhone lineup and other new devices has been « overwhelmingly positive » Read more: Apple IPhone 12 5G Line wins praise for lower prices and new sizes In Greater China, one of the company’s most important regions, revenue fell 29% to $ 7.9 billion, the lowest since 2014 Revenue beyond iPhone grew to double digits in China, said Luca Maestri, Apple’s CFO, in an interview with Bloomberg Television He expects the iPhone 12 Pro Max with its larger screen looks « incredibly well ”in the region and that the company is confident about its growth in the December quarterApple shares are down 4% to $ 110.68 in extended trading, after closing at $ 11532 in New York Stock has jumped 57% this year and expectations were high ahead of Thursday’s earnings. ”Apple closed fiscal year by innovating in the face of adversity with a September quarter record, led by all-time records for Mac and Services, « said Cook The world’s largest tech company no longer provided advice due to continued impact of Covid-19, Maestri citing uncertainty over rising cases in the US and Europe The vacation district is typically Apple’s biggest this year, it includes the release of the iPhone 12 range, a new iPad Air, a cheaper HomePod and Macs with Apple’s own processors In a conference call with analysts, Apple said the iPhone, other major hardware and services will drive growth double digit during the quarter in ClassesMaestri is optimistic about the performance of the iPhone, saying the new line has the « tailwind of 5G, which is a unique opportunity in ten years.Cook added that Apple is entering 5G at the right time, with operators improving and expanding their networks every week. He also said that 5G networks are « quite advanced » in China, which could help sales during the current period.Fourth-quarter iPhone revenue was $ 26 billion Wall Street expects $ 27 billion iPad grossed $ 6 billion, beating estimates of $ 6 billion, while Mac sales totaled $ 9 billion $ 8 billion, ahead of Wall Street forecast of $ 8 billion The pandemic has forced millions to work and study from home, boosting demand for Apple devices But the health crisis has also disrupted the supply chain Corporate Global “Our excellent performance for the September quarter concludes a remarkable fiscal year, where we set new all-time highs for sales, earnings per share and free cash flow, despite an extremely macro environment. volatile and difficult, ”Maestri said in a prepared statement.New iPhones are often released in September, giving Apple’s fiscal fourth quarter a boost.This year, the iPhone 12 and iPhone 12 Pro went on sale last week, while the iPhone 12 mini and iPhone 12 Pro Max available for pre-order next weekThis left Apple to build on other new products in the September quarter, including a few weeks of sales of the Apple Watch Series 6 and a low-end iPad. The company has also seen continued iPhone sales from the cheaper iPhone SE launched earlier this year, the latest iPad Pro, and existing Macs.The services, which include the App Store, Apple Music and iCloud, generated sales of $ 14.5 billion, up from $ 12.5 billion a year ago and more than Wall Street’s expectations of $ 13.9 billion. been boosted by records for music streaming, cloud storage, AppleCare product support and the App Store, Maestri told Bloomberg TVThis segment could get another boost in the current quarter when the company launches Apple One subscription offerings and a new fitness service. Maestri said the bundles will launch on Friday and the fitness service will debut this quarter in Apple’s wearable, home and other product category, one of the fastest growing segments in the world. The company, which includes the Apple Watch and AirPods, reported $ 7.9 billion in revenue This beat Wall Street forecast by $ 7.4 billion (Updates to Apple’s comments on the call for results starting at ninth paragraph) For more articles like this, please visit us at bloombergSubscribe now to stay ahead with the most trusted source of business news © 2020 Bloomberg LP

Jim Cramer shared his thoughts on the upcoming election and a potential blue waveCramer On The Election: “Let’s see if people can fight the blue wave,” Cramer said Thursday morning on CNBC. He is concerned about a potential blue wave and that « you have to be » He went on to describe a blue wave as: short and blanket when election night really ends because there is a lot of stock in a blue wave that would be crimped by a « hijacking of the far left « Cramer on a game plan: He then gave a game plan for investors to make » real money «  » Short-cut managed care stocks into a blue wave Managed care stocks then drop 10%, then you buy the managed care stocks, leading with Centene (NYSE: CNC) and maybe United Health (NYSE: UNH) Pfizer (NYSE: PFE) drops to $ 32 ahead of election, drops to 31 $ 50, people think they made a lot of money, vo us buy Pfizer, « Cramer said » That’s what you do, I just gave it to you « Potential winners under Biden: Cramer last week discussed his » basket of winners « if presidential candidate Joe Biden expected to win election He thinks investors will go to the solar industry Two solar stocks he likes: First Solar (NASDAQ: FSLR) and Tesla (NASDAQ: TSLA) Cramer also thinks infrastructure will be a winner under Biden Cramer likes these two infrastructure stocks: Caterpillar (NYSE: CAT) and Deere & Company (NYSE: DE) See more from Benzinga * Click here for Benzinga options * ‘Halftime Report’s’ Top Stocks To Watch: AGCO, Keysight And More (C) 2020 Benzingacom Benzinga does not provide investment advice All rights reserved

Before opening a retirement account, you should know the disadvantages of Roth IRAs Income limits are a disadvantage Find out the disadvantages of Roth IRAs

The Dow Jones Industrial Average climbed amid a large rally as House of Commons Speaker Nancy Pelosi urged Treasury Secretary Steven Mnuchin on the coronavirus boost

Shares of Nio Inc climbed 152% to an all-time high in very active afternoon trading Thursday, to accelerate a large rally in shares of electric vehicle manufacturers, particularly those based in China. trading climbed to 1,773 million shares, enough to make the most-traded stock on the NYSE Gains come after Ford Motor Co reported third-quarter results on Wednesday, boosted by strength in China operations. , the Nikkei reported earlier this week that China plans to phase out all gas vehicles by 2035 Among other electric vehicle manufacturers based in China, shares of Li Auto Inc ran 119% and XPeng Inc shot 83% Among US EV makers, shares of Tesla Inc rallied 20%, Workhorse Group Inc. climbed 22% and Nikola Corp tacked on 11% Meanwhile, iShares MSCI China ETF advanced 23% in the afternoon, while S&P 500 gained 18%

America heads to the polls on Tuesday (well, in fact, America has been voting early for a few weeks now), and while Democrat Joe Biden has a solid lead in the polls, there is evidence that President Trump could win yet another second term Finally, with all the early votes, mass mail-in votes and extended count times possible, we might not know Tuesday night who’s the winnerIt’s a situation of uncertainty and financial markets don’t like it What brings us to dividend-paying stocks Investors want a buffer, something to protect their portfolio if the market goes down, and dividends deliver exactly what This These shareholder incentive payments provide a steady stream of income, which generally remains reliable even in a modest downturn Wall Street analysts did some of the groundwork for us, identifying dividend paying stocks that have maintained high returns, at least 8% to be exact. By opening the TipRanks database, we take a look at the details of these payouts to find out what makes these stocks worthwhile.Altria Group, Inc (MO) We’ll start with Altria Group, the tobacco maker best known for its iconic Marlboro cigarettes Altria, like many so-called “sinister stocks”, is one of the market champions when it comes to dividends, with a long history of reliable, high-yielding payments The company took advantage of a psychological quirk of human nature in a year as crazy as 2020: people will curl up when necessary, but they won’t give up Cigarettes are just that, and although overall smoking rates have declined in recent years, Altria has delivered stable financial results in recent quarters. Q1 and Q2 both showed $ 1.09 in profit, well above the 97 cents expected in Q1 and a slight beating from the $ 1 in Q206 forecast Revenue hit $ 5.06 billion in Q2, in line with both Previous quarters Looking ahead, analysts expect Altria to post $ 1.15 per share in earnings on $ 5 billion in revenue when Q3 earnings release This report is due out tomorrow morning. these results will help Altria maintain its dividend – although the company has a long-standing commitment, very publicly, to doing so Altria has maintained its reliable dividend for the past 12 years, and for the last payment, made in September, the company even slightly increased the payment by 24% The current dividend is 86 cents per common share, or $ 3.44 annualized, and gives an impressive 88% Looking at Altria ahead of the third quarter report, Deutsche Bank analyst Stephen Powers writes: “[We] are positively biased by the fundamentals of the company as we approach the results of MO la next week – bolstered by healthy scanned channel demand within the quarter in MO’s core tobacco businesses, with particular strength in cigarettes driven by the Marlboro brand… we believe continued operational execution at its core of trade will allow MO to position itself more credibly as a stable basic investment in tobacco… ”Powers assesses the action as a purchase and its objective of $ 51 price implies a 37% hike for the coming year (To see Powers track record, click here) Overall, Altria has an analyst consensus moderate buy rating, based on 3 buys and 2 holdings in the last few weeks Current share price is $ 3704, and the average price target of $ 46 suggests a 24% increase over one year (See MO stock market analysis on TipRanks) American Finance Trust (AFIN) Next on our list is a Real Estate Investment Trust, a REIT These companies are known for their high dividends, a fact resulting from a quirk of tax regulations REITs are required to return a certain percentage of profits directly to shareholders, and dividends are one of the most secure ways to comply AFIN, which focuses its portfolio on single-tenant and multi-tenant service retail properties, is typical of its niche And its niche has been strong L  » In order to account for companies like Home Depot, Lowe’s and Dollar General among its top ten tenants, and announced earlier this month that it had collected more than 91% of its third quarter rents Looking ahead to Q3 results next week, EPS is expected at 23 cents, a 15% increase from Q2 The company offers a monthly dividend, at the rate of 71 cents per common share, instead of the more quarterly payments current The monthly format allows for flexibility in managing payment rate adjustments; in April, AFIN reduced the dividend from 9 cents to 7 cents1 as part of efforts to manage the effects of the corona crisis on businesses The current payout is annualized to 852 cents per share, and gives a robust 14% This is over 7 times higher than the average dividend yield seen among S&P 500B companies Riley analyst Bryan Maher notes the difficulties AFIN has faced, as a property owner and manager during economic downturn, but is confident in the company’s ability to meet the challenges“Like most REITs, AFIN has been impacted by the COVID-19 pandemic, which is not surprising given that its portfolio includes a large number of service retail assets. However, 71% of the portfolio is made up of necessity-driven retail outlets, the rest being distribution and office buildings As such, AFIN collected 84% of cash rents due in 2Q20, of which 96% of cash rents due to its first 20 tenants Cash rent collection for July increased to 88% AFIN has been working proactively with some tenants to negotiate deferments / rent credits… ”noted Maher To this end, Maher rates the AFIN stock at a buy and gives it a target price of $ 10 At current trading levels, this implies a strong potential for a 76% one-year upside (To view Maher’s balance sheet, click here) AFIN is priced at $ 5.69, and its average target matches Maher’s, at $ 10.The stock has an analyst consensus moderate buy, based on an even split between buy and hold reviews (See the AFIN stock market analysis on TipRanks) Golub Capital BDC (GBDC) The last m but not the least is Golub Capital, a business development company and asset manager Golub works with mid-market companies, providing financing and lending solutions The company has a market capitalization of $ 2 billion, as well as over $ 30 billion in capital under management In the months following the corona virus crisis that hit the economy, Golub has seen depressed stock prices and high earnings volatility The stock is down 28% year-to-date Profits, which slumped in 4Q19, rebounded in 2020 First quarter showed 33 cents per share, while second quarter figure was 28 cents Looking ahead, forecast expect second quarter EPS to repeat at 28 cents Revenue has been equally volatile; first quarter saw deep net loss, but second quarter saw revenue rebound to $ 145 million This is the highest quarterly revenue for the past year Golub believes in maintaining the dividend for investors, by offering not only a reliable regular payout, but also periodic special dividends The company adjusted the payout earlier this year, both to keep it affordable during the coronavirus crisis and to prevent the yield from becoming too high The result was a reduction of 12%, making the current payment of 29 cents per common share quarterly.This still gives a high return of 916%, which compares well to the 25% on average among peers in the financial industry. ‘Shea, of Well Fargo, notes that Golub recently announced a $ 2 billion unsecured debt problem, a move that gives the company plenty of cash in a tough time. He writes: « GBDC doesn’t pay a high premium for initially unsecured We believe that the improved flexibility and longer duration of unsecured makes them an attractive addition to the right side of the balance sheet, and see it as a vote of confidence in the underlying portfolio of GBDC « O’Shea reiterates his overweight (jee Buy) Note on this stock His target price, at $ 13.50, indicates a modest margin of improvement of 6% (To look at O’Shea’s track record, click here) As AFIN above, Golub Capital has an n Moderate buy consensus ote, with 1 buy and hold notice of each The average share price target matches that of O’Shea, at $ 13.50 (See Golub’s stock analysis on TipRanks) To find great ideas for trading dividend-paying stocks at attractive valuations, visit the Best Stocks to Buy from TipRanks, a newly launched tool that brings together all the information about TipRanks stocks Disclaimer: Opinions Expressed In This Article are only those of featured analysts The content is intended to be used for informational purposes only It is very important to do your own analysis before making any investment

ITEP data disaggregated impact by state Population has major impact on overall total tax increases

Exxon maintains stable annual dividend for the first time in nearly 40 years as further losses mount

Nio announced key production milestone as Morgan Stanley grew more bullish on electric car maker Stocks soared

The e-commerce giant reported third-quarter sales of $ 96 billion, up 37%, and well above the expected range of $ 87 billion to $ 93 billion

(Bloomberg) – Biggest all-time IPO sparks an investor frenzy for records Jack Ma’s Ant Group Co has attracted at least $ 3 trillion in orders from individual investors for its dual listing in Hong Kong and Shanghai, enough money to buy JPMorgan Chase & Co 10 times Auction was so intense in Hong Kong that a brokerage platform was briefly closed after being overwhelmed by orders Demand for the Shanghai’s retail portion has exceeded initial supply by more than 870 times The scramble fuels forecasts for a day one pop when Ant is due to start trading on November 5, even as skeptics warn of the risks, including the US elections, tighter regulations in China, and rising Covid-19 infections around the world Whether Ant surges or not, the ge’s more than $ 35 billion IPO Chinese fintech ant represents a major vote of confidence in a company that could end up shaping the future of global finance It also highlights China Inc’s ability to raise huge amounts of capital without touching US markets, a victory for Beijing trying to reduce his vulnerability to the threat of US financial sanctions Chen Wu, a 35-year-old software developer, was among those seeking part of Ant’s offering this week His brokerage helped a small number of clients to supercharge their bets using 33x leverage, distributing allocations on a first come, first served basis“When it was posted at noon, I refreshed my page again and again, clicked and clicked,” Wu said Tuesday after getting HK $ 5 Block of 7 million ($ 735,322) of Ant shares, or over 80% of his existing stock portfolio « Got it around 12:01 am and the quota ran out in minutes Got lucky » Ant is definitely taking advantage of the unusually dynamic mood of retail investors around the world, but it’s not just the demand of mothers and pops Big name portfolio managers including Temasek Holdings Pte, T Group Rowe Price Inc and UBS Asset Management are also looking for allocations Institutions and strategic investors can take around 96% of supply in Shanghai and 975% in Hong Kong, according to Ant’s prospectus, although numbers may change due to the clawback and green shoe provisions Retail investors are likely to have a significant impact once transactions begin – particularly in Shanghai where individuals generate the big Majority of Daily Revenue About 516 million retail accounts placed a record 1905 trillion yuan ($ 2.85 trillion) of Ant stock orders in the city’s Star Market, where traders are required to have a minimum of 500,000 yuan in their accounts In Hong Kong, the retail part attracted more than HK $ 13 trillion orders as of 11m Friday local time, s oit 394 times the initial supply, the South China Morning Post reported, citing people familiar with the subject Many investors in the city took advantage of historically low interest rates to boost their bets with money borrowed from Futu Securities, the brokerage, which suffered a brief hiatus due to a flood of orders on Tuesday, said its margin quota for Ant was used up in about 20 minutes Banks and brokerage houses have so far provided around HK $ 519 billion in margin loans to retail bettors, according to the Hong Kong Economic Journal“There has been unprecedented investor interest,” said Jasper Chan, deputy director of corporate finance at Phillip Securities, which has allocated all of the HK $ 20 billion he has set aside for loans on Ant margin on the first day they became available Chan said demand for the IPO was larger than usual due to the small minimum lot size of 50 shares, which equates to around HK $ 4,040.Yuki Chung, a 30-year-old university teaching assistant in Hong Kong, said she plans to make an offer for HK $ 500,000 of Ant shares, 90% of which will be financed by debt. “The margin rates offered by banks can be less than 1%, which is certainly very attractive,” she said. « Everyone is on the IPO so I think I should too I don’t want to lose » Others are reluctant to place too much trust in a rally Elle Lam, a 28-year-old media professional who has invested in several Hong Kong IPOs this year, plans to order a single batch of 50 shares of Ant, using the rest of its available money to bid on the next Hong Kong government issue inflation-linked bond « People are definitely too excited, » Lam said « I think Ant’s valuation is too expensive, so the gain on day one might be limited » The price of the IPO in The stock market translates to a multiple of around 36 times the estimated earnings for 2021, beating the average valuations of global payments companies and major Hong Kong-listed tech stocks, according to Bloomberg Intelligence. Yet wealthy valuations have not been a deterrent for Hong Kong IPOs lately Bottled water giant Nongfu Spring Co, which debuted in the city last month after receiving orders 1,148 times the amount of shares it had initially set aside for retail investors, is now valued at around 55 times the estimated profit after climbing 65% from its offer price « I think Ant may increase 30-40% on the first day our, « said Wu, the software developer who took on debt to buy the stock. “I’m not too worried about performance” (Updates with order size from first paragraph) For more posts like this please visit us at bloombergSubscribe now to stay ahead with source most trusted business news © 2020 Bloomberg LP

Equity futures traded lower Thursday night to give back some gains after the three major indexes rallied in the regular session

Getting to know the lithium market is tough for the average investor Plus, lithium is a small market, says Andrew Miller, product manager at Benchmark Mineral Intelligence, a price reporting agency specializing in the battery market lithium-ion

Futures fell sharply, suggesting Thursday’s market recovery may be short-lived Apple has sunk into weak sales in China Amazon has also fallen But Google has jumped on a huge night for revenue

Third quarter revenue was negative at $ 337 million, a rare event for a S&P 500 company as it reversed previously recorded revenue on refunds and cancellations “It’s been almost 7 months since we shut down our operations cruising, and every day has been extremely frustrating and difficult on so many levels, ”CEO Richard Fain told analysts To resume operations and stem the losses, the company and its counterpart Norwegian Cruise Line have submitted their recommendations, detailing health protocols, to the US Centers for Disaster Control and Prevention

(Bloomberg) – New worries about the tech giants’ outlook fueled a drop in stocks and stock index futures on Friday The yen strengthened European stocks opened lower, with miners among the biggest losers after Glencore Plc, the world’s largest coal shipper, slashes production target for third time this year Nasdaq 100 contracts fell nearly 2% following a series of mixed reports Amazoncom Inc and Apple Inc Shares tumbled across Asia with worst performing South Korean and Japanese stocks S&P 500 had already rebounded a day after its biggest rout in four months, investors encouraged by better-than-expected economic data, even as they kept a wary eye on the growth of coronavirus infections Crude oil edged down Low tech shares add to volatility that will likely remain high heading into next week Election Global stocks are on track for the worst weekly drop since March due to lockdown measures in some countries and lack of agreement on US feeling of stimulus tooth New US Coronavirus cases topped 89,000, setting daily record « There will be more volatility ahead of elections, » Quincy Krosby, chief strategist market at Prudential Financial Inc, told Bloomberg TV “Over the weekend, people are going to focus on Pennsylvania to see if Biden wins or not. The problem is, if he wins a little, that might be where you could consider a contested election ”Here are the main market moves: StocksThe future of the S&P 500 index has fallen 14% at 8:16 am am London time Stoxx Europe 600 index fell 05% MSCI Asia Pacific index fell 13% MSCI Emerging Market index fell 11% Bloomberg Dollar Spot index was little changed Euro gained 01 % at $ 1 1681 British pound was little changed at $ 1.2933 Onshore yuan strengthened 03% to 6,697 per dollar Japanese yen strengthened 03% to 10,433 per dollar Bonds 10-year Treasury yields fell less than one basis point to 082% The yield on two-year Treasuries gained less than one basis point to 015% Germany’s 10-year yield rose two basis points to – 062% UK 10-year yield gained two basis points to 0241% Japan’s 10-year yield jumped one basis point to 0042? Isse of West Texas crude Intermediate 01% to $ 36 14 a barrel Crude Brent dipped 02% to $ 37 56 a barrel Reinforced Gold 03% to $ 1873 97 an ounce For more items like this please visit us at Bloomberg Subscribe now to stay ahead with source most trusted business news © 2020 Bloomberg LP

« I don’t pay the bills, which got me thinking about staying with him for convenience, but at what cost mentally? »

Amazon continued to reap the rewards of a society increasingly dependent on e-commerce – a trend further fueled by the COVID-19 pandemic The company crushed analysts’ expectations on Thursday, reporting a net profit of $ 6.3 billion in the third quarter, or $ 1237 per diluted share, compared to $ 2.1 billion in net income, or $ 4.23 per diluted share in the same quarter last year It should be noted that Amazon achieved these results without benefiting from Prime Day, the annual shopping event which is usually held in July

BYD Company Limited (OTC: BYDDF) posted strong third quarter profits due to a rebound in demand for electric vehicles in China and increased sales of face masks What happened: The Chinese automaker backed by Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) Chairman Warren Buffett released third-quarter results on Thursday Sales rose 41% to $ 6 67 billion in the three months of September, while the automaker’s net profit rose 1362% to $ 262 1 million (RMB75 billion) Earnings per share increased 3000% from the similar quarter a year ago to $ 0,093 (RMB62) The company said that its new flagship model « Han » and its modified flagship model « Tang » have both secured a large number of orders and continue to generate strong growth in sales volume.The company said its market supply of materials for pandemic prevention had « gradually stabilized »Why this matters: Last month BYD said there was strong demand for its ‘Han’ luxury sedan, which recorded more than 40,000 orders within two months of launch, according to CNBC in revenue on BYDDFO Other Chinese electric vehicle manufacturers such as Xpeng Inc (NASDAQ: XPEV) have also seen increased demand for their luxury vehicles Tesla Inc (NASDAQ: TSLA) is the market leader in China with its model 3 selling 70,591 units from 2020 to August and accounting for 13% of total electric vehicle sales, but Chinese automakers are catching up quickly The China Association of Automobile Manufacturers expects new sales of electric vehicles to reach 11 million by end of year despite COVID-19 pandemic, according to Reuters In 2019, China would have accounted for half of global sales of electric vehicles with 12 million units sold s in the country Apart from sales of electric vehicles, BYD has likely also profited from its new mask-making business, Bloomberg noted.Price Action: BYD OTC shares closed 115% higher at $ 20.60 Thursday Photo Courtesy: Wikimedia See more from Benzinga * Click here for Benzinga options trades * Geely plans to manufacture 30,000 Polestar electric vehicles per year in the new Chinese factory: Report (C) 2020 Benzingacom Benzinga does not provide investment advice All rights reserved

Donald Trump, Wisconsin, Republican Party of Wisconsin