What to expect from the IPO market through the end of 2020

Gold Drives Toward Highest Since 2012 on Virus Resurgence Concern

(Bloomberg) -- Spot gold settled at the highest since 2012, supported by concerns over a second wave of coronavirus infections and ongoing expectations of a flood of stimulus measures.There are increasing signs that the virus is continuing to spread as governments work to reopen their economies. The metal also was boosted by stimulus measures, including the Bank of England adding to its bond buying program last week and the Federal Reserve signaling rates will remain low. Increased amounts of monetary stimulus tend to support zero-yield gold as a hedge against declining interest rates.“While gold is undoubtedly boosted by haven flows due to the economic damage caused by the pandemic as well as concerns over a second wave, there is little doubt that the metal is also finding good support from central bank money flooding the financial markets,” Fawad Razaqzada, market analyst at ThinkMarkets in London, said in an emailed note.Gold for...

Microsoft to Close Game-Streaming Service Mixer, Team Up With Facebook

(Bloomberg) -- Microsoft Corp.’s Xbox unit will shut down its Mixer video-game streaming service after failing to attract a large global user base and will recommend players and audiences shift to Facebook Inc.’s streaming site. The software maker also plans to partner with Facebook on Microsoft's xCloud mobile game service, which will be widely available by the end of the summer.Starting July 22, users who visit Mixer will be redirected to Facebook Gaming. The surprise move comes less than a year after Microsoft lured popular streamer Ninja — whose real name is Tyler Blevins — from Amazon.com’s Inc.’s Twitch, the leading game-streaming service. The deal was touted as setting off a battle for top gaming talent in the $152 billion video-game industry. Mixer’s stars, including Ninja and Michael “Shroud” Grzesiek, are under no obligation to join Facebook Gaming. It was these top streamers who contributed to Microsoft’s realization that Mixer wasn’t working — some of them told the company they weren't...