Month: January 2020

(Bloomberg) — Stocks in the Gulf went into retreat as the U.S. killing of Iran’s most prominent general reverberated across the region.Kuwait’s benchmark index dropped more than 4% just minutes after trading began, while there were losses in Abu Dhabi, Dubai and Oman.Geopolitical tension spiked after Iranian General Qassem Soleimani was killed in Iraq last week in a U.S. drone attack. Iranian President Hassan Rouhani told Soleimani’s relatives that the U.S. “won’t see the effects of their mistake today, but they will witness it over many many years to come.” President Donald Trump said late Saturday the U.S. has identified …read more […]

Investing.com – The first full trading week of 2020 looks likely to be action packed with geopolitics firmly back on top of the market agenda after a spike in oil prices in the wake of the U.S. killing of a top Iranian commander. Investors will also be watching out for the first U.S. jobs release of the decade and fresh details on the phase 1 U.S.-China trade deal. Here’s what you need to know to start your week. …read more […]

Samsung Electronics said on Sunday that it will introduce new, innovative devices in San Francisco on Feb. 11, with the electronics giant widely expected to unveil its new foldable phone and a new version of its flagship S model. “Samsung Electronics will unveil new, innovative devices that will shape the next decade of mobile experiences,” the South Korean firm said at an invitation letter. In a teaser image, Samsung hinted at two phones – one shaped like a square and another with a rectangular form. …read more […]

Trump hits Iran with a drone attack that could lead to a military response from the Iranians. That would spell disaster for those looking for peace… …read more […]

It’s a bullish start to the day with resistance levels in play. A move back through early highs will be needed, however, to avoid a reversal… …read more […]

German automaker Daimler AG said on Saturday it will recall 744,000 Mercedes-Benz vehicles in the United States from the 2001 through 2011 model years because the sunroof glass panel could detach and pose a hazard. The large recall covers more two dozen vehicles from C-Class, CLK-Class, CLS-Class and E-Class model lines. The automaker said the bonding between the glass panel and the sliding room frame might not meet specifications and could lead to sunroofs detaching. …read more […]

After a range-bound Saturday, the bulls look to wrap the 1st week up on a high. It could get choppy, however. Bitcoin will need to hit $7,500… …read more […]

(Bloomberg) — Former Federal Reserve Chairman Ben Bernanke delivered what he called “a relatively upbeat” assessment of the U.S. central bank’s ability to fight the next recession.While the Fed has limited room to cut short-term interest rates because they’re already so low, Bernanke argued that quantitative easing and forward guidance could provide enough extra punch to combat a future economic contraction.“The new policy tools are effective,” Bernanke said in a blog post summarizing his address to the American Economic Association’s annual meeting on Saturday. “Quantitative easing and forward guidance can provide the equivalent of about 3 additional percentage points of …read more […]

Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the… …read more […]

(Bloomberg Opinion) — The much-anticipated arrival of virtual banking in Singapore is unlikely to be an “aha” moment for consumer finance, but corporate banking will be different. One should expect disruption.The application period for Singapore’s first internet-only lenders ended last week with five known hopefuls, so far, for as many licenses on offer. The move mirrors the grant of eight licenses in rival financial center Hong Kong. The idea is to introduce fancy fintech tools — big data, machine learning and artificial intelligence — into local banking systems to make them more competitive. The Singapore winners will be known by …read more […]

Oil markets are looking at what could be a very volatile year, fueled by unrest in the Middle East, competition form EVs and renewable energy a lingering trade war and U.S. presidential elections …read more […]

(Bloomberg) — President Donald Trump said late Saturday the U.S. has identified 52 Iranian sites that it would hit if Tehran retaliates against the killing of Iranian General Qassem Soleimani, a day after saying the U.S. hadn’t made the move to “start a war.” Trump’s comment came after the U.S. and Iran traded threats following the deadly drone strike against the Islamic Republic’s most prominent military man, with Tehran promising a protracted response.The comment seemed to reverse the efforts of Secretary of State Michael Pompeo, who in the past two days has repeatedly reaffirmed that the U.S. remains committed to …read more […]

(Bloomberg) — Elon Musk’s decision to assemble Tesla Inc. cars in China required years of planning and billions of dollars in spending. Now comes the challenging part.The electric Model 3 sedans rolling off the assembly line at Tesla’s Shanghai plant — its first outside the U.S. — face a market where total vehicle sales are expected to fall for a third straight year. After capturing about 5% of China’s car sales, electric vehicles have been losing steam as the economy cooled and the government scaled back subsidies for buyers.That could spell trouble for a launch that investors are watching closely …read more […]