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UPDATE 1-Brazil's real posts lowest ever close of 4.2061 per dollar

Brazil’s real posted its lowest ever close of 4.2061 per dollar on Monday, as heavy selling met no resistance from the central bank at a key market level where it had intervened earlier this year. Brazilian interest rates are expected to be cut to a new low of 4.25% by the end of next year, according to the central bank’s latest weekly ‘FOCUS’ survey of economists on Monday, which also showed inflation heading further below target. …read more […]

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Trading Ideas

3 “Strong Buy” Dividend Stocks Yielding 5% — Or More

The S&P 500 stock index has famously averaged a return of just under 10% over the past near-century — a great rate in an economy where the average bank account is still paying just 0.05%!Of course, even 10% is just the average. Some stocks go up more than that, some go up less. Some years are better for stock returns, some are worse. So what can you do you increase your odds of getting a great return on your stock investment?I’ve got one word for you: Dividends.Buy a stock with a great dividend yield — significantly higher than what the …read more […]

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HP Board Rejects Xerox Takeover Offer

Nov.18 — HP Inc.’s board unanimously rejected Xerox Holdings Corp.’s unsolicited takeover proposal, saying the $22-a-share offer is too low. But HP did say it’s still open to discussing a merger. Bloomberg’s Liana Baker reports on “Bloomberg Markets.” …read more […]

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UPDATE 1-Canadian ministers meet with CN Rail, union in effort to avert strike

MONTREAL/WINNIPEG, Nov 18 (Reuters) – Canada’s Liberal government sent two ministers on Monday to meet with representatives of Canadian National Railway Ltd and its largest union, as already hard-hit shippers pleaded for government intervention to avert a strike planned for early on Tuesday. The threatened strike by 3,000 workers with Teamsters Canada comes after CN, the country’s largest railroad operator, said on Friday it would cut management and union jobs, as it grapples with softer economic conditions. Labor Minister Patty Hajdu and Transportation Minister Marc Garneau were to meet with representatives from CN and the union in Montreal, …read more […]

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Juul Sued by California for Marketing E-Cigarettes to Teens

(Bloomberg) — Juul Labs Inc. was sued by California for allegedly targeting teenagers with ads for its e-cigarettes, after a series of lawsuits filed by schools, parents and others against the market leader as deaths and illnesses linked to vaping add up across the U.S.“Juul adopted the tobacco industry’s infamous playbook, employing advertisements that had no regard for public health and searching out vulnerable targets,” said California Attorney General Xavier Becerra, who announced the lawsuit at a news conference Monday in Los Angeles. “Today we take legal action against the deceptive practices that Juul and the e-cigarette industry employ to …read more […]

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Business News

California to stop buying GM, Toyota and Fiat Chrysler vehicles over emissions fight

California said on Monday it will halt all purchases of new vehicles for state government fleets from GM, Toyota and Fiat Chrysler and other automakers backing President Donald Trump in a battle to strip the state of authority to regulate tailpipe emissions.

…read more […]