A journalist-turned-detective on how corporate America depends on private sleuths

In the late 1990s, Tyler Maroney worked as a reporter for Fortune. But a chance encounter with an employee of Kroll, the large corporate detective agency, set him off on a new career as a private investigator. After working for Kroll, he went on to found his own investigations agency, Quest Research and Investigations (QRI), based in New York.

Now, Maroney has written The Modern Detective (Riverhead Books, an imprint of Penguin Random House), in which he reflects on a two-decade career as a PI, detailing his pursuit of corporate fraudsters, missions to conduct due diligence for blockbuster mergers and acquisitions, and even how he helped free an innocent man from prison.

Maroney seeks to demystify the job of private investigators and debunk myths ingrained from television and pulp fiction. He argues that the modern detective is a vital cog in corporate life and can be a force for … Read More

The Case for Eli Lilly By Investing.com

© Reuters.

By Christiana Sciaudone and Geoffrey Smith 

Investing.com — Eli Lilly disappointed investors with its third-quarter earnings report on Tuesday but despite that it may be worth it for long-term investors to consider buying shares of the drugmaker, particularly at current levels. Investing.com’s Christiana Sciaudone argues the bull case for Eli Lilly, while Geoffrey Smith explains why there are better value stocks to buy now. This is .

The Bull Case

Don’t let this week’s earnings dissuade you from buying Eli Lilly (NYSE:). 

Guidance did take a hit for 2020. It was lowered to be in the range of $6.20 to $6.40 on a reported basis from $6.48 to $6.68. And, yes, third quarter earnings did miss estimates, with earnings per share of $1.54 comparing to the estimated $1.71 on sales of $5.74 billion, versus the expected $5.87 billion.

But as JPMorgan points out, most of the factors contributing

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Tech giants disappoint, rocking global stocks and U.S. futures

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here.

Happy Friday, Bull Sheeters. Big Tech’s big four—Apple, Amazon, Facebook and Alphabet’s Google—reported on Thursday a combined $38 billion in profits, and yet Nasdaq futures are bombing this morning on the murky outlooks they provided.

Meanwhile, COVID cases hit fresh records across much of Europe and the U.S. in the past 24 hours. It’s entirely possible that Americans will see numbers topping 100,000 cases per day shortly after Election Day.

Let’s check in on the action.

Markets update

Asia

  • The major Asia indexes are solidly in the red in afternoon trading with Japan’s Nikkei down 1.5%.
  • Demand for Ant Group shares is feverish on the eve of its record-breaking IPO, forcing its underwriters to boost the fund-raising effort to a whopping $37
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NYC’s Staten Islanders vote for return to ‘normal’ in U.S. election By Reuters

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© Reuters. Junior baseball players with the Cadets 16u-Outerie are seen in their dugout during a game at the New Springville Little League on Staten Island in New York City

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By Roselle Chen

NEW YORK (Reuters) – As U.S. Election Day approaches, residents of a New York City enclave agree that they want to make America “normal” again.

They just don’t agree on how to get there.

On Staten Island, the only one of the city’s five boroughs that President Donald Trump won in 2016, a war hero’s father said he is getting flak for supporting Democratic candidate Joe Biden.

“My reason, to get some sort of normalism back to the country,” said 73-year-old Robert Ollis. “Let’s stop fighting.”

The community united behind Ollis in 2013 after his son Michael, a U.S. Army staff sergeant, shielded a wounded Polish lieutenant from a suicide bomber in Afghanistan and died

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Wednesday’s FAAMG-led sell-off was no blip, tech bears say

For weeks, warnings that elevated tech-stock valuations could cause a violent selloff bubbled beneath the surface. On Wednesday, they looked prescient.

U.S. stocks tumbled the most since June with rising virus cases threatening the economic recovery. More than $2 trillion has been wiped from the value of American equities this week and Wall Street’s fear gauge spiked to the highest in four months.

Big tech companies from Apple to Amazon led the rout, their shares having gotten so expensive relative to expected earnings that further price gains became hard to justify. Software giant SAP SE set off alarms on future profit when it warned revenue would suffer well into 2021. A day later, U.S. tech darlings exacerbated market volatility for the second time in two months after a summer of gains that outpaced the broader market’s advance by 10 times.

“There’s uncertainty around the coronavirus surrounding the impact of another … Read More

West Bank Palestinians’ olive trees burn as U.N. urges protection for harvest By Reuters

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© Reuters. Grass burns in an olive field after Israeli forces fired tear gas canisters during a Palestinian protest against Jewish settlements, near Ramallah in the Israeli-occupied West Bank

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By Ali Sawafta and Rami Ayyub

BURQA, West Bank (Reuters) – For many West Bank Palestinians, the olive tree is both a revered cultural emblem and an economic necessity – but it has also become a focal point of a struggle between them and Israeli settlers for a land they both claim.

More than 1,000 trees owned by Palestinian farmers have been burned or damaged in the Israeli-occupied territory since the harvest began three weeks ago, according to a United Nations report.

The Oct 23 report by humanitarian affairs office UNOCHA has also logged 19 disruptions “by people believed or known to be Israeli settlers,” with 23 Palestinian farmers injured.

While the settlers dispute those figures, in normal years

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