(Bloomberg) — Federal Reserve officials viewed their current monetary policy as appropriate “for a time” while they remained on guard against domestic and global risks that could slow the longest U.S. expansion on record. “Participants discussed how maintaining the current policy stance for a time could be helpful in supportingRead More →
© Reuters. Apple Warning Boosts Trade in Chip-Heavy Fund to Two-Year High (Bloomberg) — Apple Inc (NASDAQ:).’s sales warning sent chipmakers tumbling on while spurring a surge in turnover for the industry’s exchange-traded funds. More than 54,000 shares worth about $14 million of the iShares PHLX Semiconductor ETF, or SOXX,Read More →
© Reuters. U.S. Stocks Hit by Renewed Coronavirus Jitters: Markets Wrap (Bloomberg) — U.S. equities declined on Thursday alongside European stocks as officials in China deployed a revised methodology to diagnose the coronavirus, sending the number of confirmed cases soaring. The Index opened lower, a day after hitting fresh records,Read More →
© Reuters. Foxconn Resumes Some Production at Its Main China IPhone Site (Bloomberg) — Foxconn Technology Group resumed some production Monday at its main iPhone-making site in Zhengzhou, according to local officials, though it was unclear how many workers returned, highlighting the ongoing uncertainties the global tech supply chain facesRead More →
Democratic presidential hopefuls Joe Biden and Michael Bloomberg could be viewed as winners of the Iowa caucuses debacle, analysts said Tuesday, as the state’s party officials promised to release most of the delayed results by 5 p.m. Eastern Time. The results were delayed Monday night by a problematic app andRead More →
(Bloomberg) — The sell-off in stocks accelerated as bonds surged on concern the spread of the coronavirus will slam global economic growth. The erased its 2020 advance as investors remained on edge over the impact of the disease that’s now infected about 10,000 people around the world. Caterpillar Inc (NYSE:).Read More →
© Reuters. Key Davos Debates, Central Banks Start 2020, Oil Unrest: Eco Day (Bloomberg) — Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the week: Amid the Alpine peaks of the Swiss resort of Davos, politicians, investors and executives will beRead More →
© Reuters. Boeing’s Max Troubles Begin to Spill Into Broader Economy (Bloomberg) — Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24. Leaders in Wichita, Kansas, suffered a series of gut punches in recent weeks after their biggest employer, Spirit AeroSystems, saidRead More →
© Reuters. Microsoft’s President Says U.S.-China Divisions Risk Tech ‘Cold War’ (Bloomberg) — Microsoft Corp (NASDAQ:). gets just 1.8% of its global sales from China, even though the country accounts for about 18% of the world’s population, Microsoft President and Chief Legal Officer Brad Smith said, noting that tensions betweenRead More →
© Reuters. FX Manipulator No More, Spiraling Debt, Hong Kong Hope: Eco Day (Bloomberg) — Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started: President Donald Trump’s administration plans to lift its designation of China as a currency manipulator, removingRead More →
© Reuters. Tech Sector Leads Stocks Higher; Bonds Decline: Markets Wrap (Bloomberg) — U.S. equities rose, led by shares of technology companies, in a week expected to be dominated by the start of earnings season and the signing of a partial China trade deal. Apple (NASDAQ:), Tesla (NASDAQ:) and MicrosoftRead More →
© Reuters. Stocks Push Higher; Yuan Strengthens: Markets Wrap (Bloomberg) — Asian stocks rose Monday, fueled by optimism on China’s economy and prospects of a signed U.S. trade deal. The yuan strengthened. Shares rose in Seoul and Hong Kong, reversed losses in Shanghai and slipped in Sydney. Japanese markets wereRead More →
© Reuters. Treasury Bulls’ Swagger Undiminished as Focus Shifts to Growth (Bloomberg) — Bond investors may get a chance next week to contemplate the soft spots in the U.S. economy rather than a geopolitical precipice. Either way, Treasury bulls have little to fear. For now, haven buying of government debtRead More →
(Bloomberg) — U.S. stock positioning is near extreme levels as investors price in improving worldwide economic growth, according to Deutsche Bank AG (DE:). “Equity positioning, like the market itself, has run far ahead of current growth asinvestors price in a global growth rebound,” strategists Parag Thatte, Srineel Jalagani and BinkyRead More →
(Bloomberg) — U.S. stocks fell from near records, while Treasuries rose after the latest jobs report delivered mixed signals on the strength of the economy. The dollar declined versus major currencies. The S&P 500 edged lower after hiring data fell short of estimates and wage growth was the weakest inRead More →
© Reuters. Supporting Trump Tariffs, One Exemption at a Time (Bloomberg Opinion) — Robert Wetherbee, CEO of steelmaker Allegheny Technologies (NYSE:) Inc., has penned an op-ed in the Wall Street Journal sporting a headline for the ages: I Support Trump’s Tariffs But Need An Exemption It’s tough to know if this isRead More →
President Donald Trump says our economy is “the best it has ever been,” and he is planning to ride that false claim to a second term. I won’t let him get away with it. I have the track record — in business and government — to show America what realRead More →
(Bloomberg) — The two bronze lion statues standing guard over HSBC Holdings (LON:) Plc’s main offices in Hong Kong still bear the marks of an attack by protesters, who last week daubed them with red and black paint, setting at least one ablaze. Graffiti declared that HSBC had been dyedRead More →
© Reuters. French Strikes Against Macron Pension Reform Enter Second Month (Bloomberg) — Strikes against French President Emmanuel Macron’s proposed pension reform entered their second month with no clear end in sight, as unions prepare for two more days of street protests, with some planning more radical actions. Prime MinisterRead More →
© Reuters. Disruptions But No Black Swans in Middle East (Yet), Say Markets (Bloomberg Opinion) — Markets hate black swans and always will. Ever since Nassim Nicholas Taleb’s book of 2007, any extreme but very unlikely event has been labelled a “black swan” in a reference to the philosophy ofRead More →
(Bloomberg) — Stocks in Asia were primed for gains on Friday after a strong start to the year lifted U.S. equities to fresh all-time highs. Treasuries and the dollar rose. Futures indicated gains for equities in Hong Kong and Australia. The S&P 500 earlier rose 0.8% with megacaps Apple (NASDAQ:),Read More →
(Bloomberg) — For stock traders, the middle months of 2019 got crazy enough that one veteran called them weirder than the financial crisis. The beginning and end, on the other hand, have featured tranquility with few precedents in financial markets. The S&P 500 started the year by rising in nineRead More →
(Bloomberg) — Japan’s government is considering holding off on its plan to sell about $10 billion worth of shares in Japan Post Holdings Co. through this fiscal year following scandals involving its insurance unit, according to people familiar with the situation. Concern over corporate governance and the tumbling stock priceRead More →
(Bloomberg) — A Vietnam-based hacking group is learning from China’s playbook, using increasingly sophisticated cyber-attacks to spy on competitors and help Vietnam catch up to global competitors, according to cybersecurity experts. In the last two years, the group, which is believed to be tied to the Vietnamese government and knownRead More →
(Bloomberg) — New Zealand equities will find it hard to match the stellar run they have had this year. After a record 29% rally in 2019, the benchmark S&P/NZX 50 Gross Index is poised to give in to gravity as earnings stagnate. UBS Group AG sees it climbing to justRead More →