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Croydon police shooting: Suspect's background probed over Sgt Matt Ratana death

Tributes have been paid to Sgt Matiu Ratana, 54, who was shot dead in a custody centre in south London.

Coronavirus: More than a quarter of UK under stricter rules

New local lockdown restrictions come into force in parts of south Wales and northern England this weekend.

Coronavirus: Children behind rising demand for tests in England

Three times as many children under nine were tested in early September as in the previous two weeks.

Amy Coney Barrett 'to be picked by Trump for Supreme Court'

The 48-year-old judge and former law professor from Indiana is a favourite of social conservatives.


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Business news from Yahoo

Nio Begins Delivery Of Electric EC6 SUV: What You Need To Know

Nio Begins Delivery Of Electric EC6 SUV: What You Need To KnowAhead of the China Auto Show 2020, Chinese electric vehicle manufacturer Nio Inc - ADR (NYSE: NIO) announced the first delivery Friday of the newest vehicle in its stable.Nio Meets Delivery Schedule: Nio announced via a tweet that it has officially begun deliveries of the EC6, its five-seater premium electric coupe SUV.The company launched the vehicle at the Chengdu Motor Show 2020 on July 24, and began accepting preorders immediately, with the promise of delivery starting by September.> Today, we officially began delivery of the EC6, our 5-seater premium electric coupe SUV. BlueSkyComing NIOEC6 pic.twitter.com/WDXRjQldw2> > -- NIO (@NIOGlobal) September 25, 2020A Drive Through The EC6: Nio's EC6 comes in three editions: Sporty, Performance and Signature.With the model's lightweight architecture, the EC6 has a drag coefficient of only 0.26. The EC6 has pre-installed Nio Pilot hardware and an internally developed advanced driver assistance system with features covering typical driving scenarios in China.The EC6 accelerates from 0 to 100 kph in 4.5 seconds, Nio said.The EC6 Performance and Signature versions come with either a standard 70 kilowatt-hour battery pack with an NEDC range of 440 km, or an optional 100 kWh battery pack with an NEDC range of up to 615 km.To lure buyers, Nio offered to the first retail buyers a lifetime free power swap, lifetime free warranty, lifetime free car connectivity, lifetime free out-of-town power service and lifetime free roadside rescue.Nio EC6 Pricing: The pre-subsidy price of Nio starts from 368,000 yuan (roughly $54,000), Nio said in July. The high-end model is priced at 526,000 yuan (around $77,000).The competing Tesla Inc (NASDAQ: TSLA) Model Y is priced at 488,000 yuan to 535,000 yuan for the variants.The recently announced battery-as-a-service model makes Nio's vehicles cheaper. The base model of EC6 post-subsidy works out to 350,000 yuan, and with the BaaS option, the price would be around 280,000 yuan.Nio has seen a sales resurgence after COVID-19 cases receded in China. The addition of the EC6 should serve as a catalyst to accelerate the ongoing sales momentum.NIO Price Action: Nio shares ended Friday's session 2.63% higher at $18.32. Related Links:Why Nio Has A Shot At Becoming The 'Tesla Of China'Chinese EV Manufacturer Nio's August Deliveries Jump 104% Year-Over-YearPhoto courtesy of Nio. See more from Benzinga * Nio Shares Volatile After EV Maker Announces Redemption Of 8.6% Nio China Stake * Chinese EV Manufacturer Nio's August Deliveries Jump 104% Year-Over-Year(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


J.P. Morgan Says These 3 Stocks Could Surge Over 100% From Current Levels

J.P. Morgan Says These 3 Stocks Could Surge Over 100% From Current LevelsAfter the summer bulls, markets corrected themselves – but more than that, the selling was highly concentrated in the tech sector. The tech-heavy NASDAQ is now leading the on the fall, having lost 11.5% since September 2.JPMorgan strategist Marko Kolanovic points out that much of the market is now well-positioned for a rebound. Kolanovic believes that stocks will head back up in the last quarter of the year.“Now we think the selloff is probably over. Positioning is low. We got a little bit of a purge, so we think actually market can move higher from here,” Kolanovic noted.Acting on Kolanovic’s outlook, JPMorgan's stock analysts are starting to point out their picks for another bull run. These are stocks that JPM believes they may double or better over the coming year. Running the tickers through TipRanks’ database, we wanted to find out what makes them so compelling.NexTier Oilfield Solutions (NEX)The first JPM pick is NexTier, a provider of oilfield support services. The oil industry is more than just production companies. There are a slew of companies that provide drilling expertise, fluid technology for fracking, geological expertise, pumping systems – all the ancillary services that allow the drillers to extract the oil and gas. That is the sector where NexTier lives.Unfortunately, it’s a sector that has proven vulnerable to falling oil prices and the economic disruption brought on by the coronavirus pandemic crisis. Revenues fell from Q1’s $627 million to $196 million in Q2; EPS was negative in both quarters.But NexTier has a few advantages that put it in a good place to take advantage of a market upturn. These advantages, among others, are on the mind of JPM analyst Sean Meakim. “Admittedly we’re concerned about the sector disappointing the generalist 'COVID-19 recovery' crowd given the asymmetry of earnings beta to oil, but with 1) a solid balance sheet (net debt $17mm), 2) our outlook for positive (if modest) cash generation in 2021 (JPMe +$20mm), 3) a pathway to delivering comparably attractive utilization levels and margins, and 4) the cheapest valuation in the group (~20% of replacement), we think NexTier stands out as one of the best positioned pressure pumpers in our coverage,” Meakim opined.In line with his optimism, Meakim rates NEX an Overweight (i.e. Buy) along with a $5 price target. His target suggests an eye-opening upside potential of 203% for the coming year. (To watch Meakim’s track record, click here)Similarly, the rest of the Street is getting onboard. 6 Buy ratings and 2 Hold assigned in the last three months add up to a Strong Buy analyst consensus. In addition, the $3.70 average price target puts the potential twelve-month gain at 124%. (See NEX stock analysis on TipRanks)Fly Leasing (FLY)The next stock on our list of JPMorgan picks is Fly Leasing, a company with an interesting niche in the airline industry. It’s not commonly known, but most airlines don’t actually own their aircraft; for a variety of reasons, they lease them. Fly Leasing, which owns a fleet of 86 commercial airliners valued at $2.7 billion, is one of the leasing companies. Its aircraft, mostly Boeing 737 and Airbus A320 models, are leased out to 41 airlines in 25 countries. Fly Leasing derives income from the rentals, the maintenance fees, and the security payments.As can be imagined, the corona crisis – and specifically, the lockdowns and travel restrictions which are not yet fully lifted – hurt Fly Leasing, along with the airline industry generally. With flights grounded and ticket sales badly depressed, income fell – and airlines were forced to cut back or defer their aircraft lease payments. This is a situation that is only now beginning to improve.The numbers show it, as far as they can. FLY’s revenue has fallen from $135 million in 4Q19 to $87 million 1Q20 to $79 million the most recent quarter. EPS, similarly, has dropped, with Q2 showing just 37 cents, well below the 43-cent forecast. But there are some bright spots, and JPM’s Jamie Baker points out the most important.“[We] conservatively expect no deferral repayments in 2H20 vs. management’s expected $37m. Overall, our deferral and repayment assumptions are in line with the other lessors in our coverage. We are assuming no capex for the remainder of the year, consistent with management’s commentary for no capital commitments in 2020 [...] Despite recent volatility seen in the space, we believe lessors’ earnings profiles are more robust relative to airlines,” Baker noted.In short, Baker believes that Fly Leasing has gotten its income, spending, and cash situation under control – putting the stock in the starting blocks should markets turn for the better. Baker rates FLY an Overweight (i.e. Buy), and his $15 price target implies a powerful upside of 155% for the next 12 months. (To watch Baker’s track record, click here)Over the past 3 months, two other analysts have thrown the hat in with a view on the aircraft leasing company. The two additional Buy ratings provide FLY with a Strong Buy consensus rating. With an average price target of $11.83, investors stand to take home an 101% gain, should the target be met over the next 12 months. (See FLY stock analysis on TipRanks)Lincoln National Corporation (LNC)Last up, Lincoln National, is a Pennsylvania-based insurance holding company. Lincoln’s subsidiaries and operations are split into four segments: annuities, group protection, life insurance, and retirement plans. The company is listed on the S&P 500, boasts a market cap of $5.8 billion, and over $290 billion in total assets.The generally depressed business climate of 1H20 put a damper on LCN, pushing revenues down to $3.5 billion from $4.3 billion six months ago. Earnings are down, too. Q2 EPS came in at 97 cents, missing forecasts by 36%. There is a bright spot: through all of this, LNC has kept up its dividend payment, without cuts and without suspensions. The current quarterly dividend is 40 cents per common share, or $1.60 annually, and yields 4.7%. That is a yield almost 2.5x higher than found among peer companies on the S&P 500.Jimmy Bhullar covers this stock for JPM, and while he acknowledges the weak Q2 results, he also points out that the company should benefit as business conditions slowly return to normal.“LNC’s 2Q results were weak, marked by a shortfall in EPS and weak business trends. A majority of the shortfall was due to elevated COVID-19 claims and weak alternative investment income, factors that should improve in future periods [...] The market recovery should help alternative investment income and reported spreads as well…”These comments support Bhullar’s Overweight rating. His $73 price target indicates room for a robust 143% upside from current levels (To watch Bhullar’s track record, click here)Overall, the Moderate Buy rating on LNC is based on 3 recent Buy reviews, against 5 Holds. The stock is selling for $30 and the average price target is $45.13, suggesting a possible 50% upside for the coming year. (See LNC stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the 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.


FAA chief set to conduct 737 MAX evaluation flight next week

FAA chief set to conduct 737 MAX evaluation flight next weekFederal Aviation Administration (FAA) Chief Steve Dickson is set to conduct an evaluation flight at the controls of a Boeing 737 MAX next week, a key milestone as the U.S. planemaker works to win approval to resume flights, the agency told lawmakers. The Boeing 737 MAX has been grounded since March 2019 after two fatal crashes killed 346 people. Dickson, who was previously a commercial airline pilot, plans to undergo simulator training before the flight and will then share his observations with FAA technical staff.


Wall Street drills Costco stock because it's paying workers $2 more an hour during COVID-19

Wall Street drills Costco stock because it's paying workers $2 more an hour during COVID-19Costco does the right thing during COVID-19 but Wall Street is having none of it.



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Entertainment news from IMDB


Sports feed from ESPN

The Celtics stopped sleepwalking in Game 5

Brad Stevens told his team that for the first time in several games, they were playing Celtics basketball.

Marlins make playoffs year after 105-loss season

The Marlins on Friday became just the second team in MLB history to make the playoffs after a 100-loss season.

Conor McGregor: I'm boxing Manny Pacquiao

UFC star Conor McGregor is in serious talks to fight boxing legend Manny Pacquiao, but the bout isn't a done deal yet, McGregor's manager, Audie Attar, told ESPN.

Brennaman resigns from Reds games after slur

Thom Brennaman has resigned from broadcasting Reds games after using an anti-gay slur on the air last month.


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