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Trading Ideas

Asia Stocks Drop After Biggest Jump Since June: Markets Wrap

(Bloomberg) — Asian stocks retreated after their biggest daily jump since June, and U.S. futures slipped after Wall Street notched a fresh record high, as the global rally in risk assets paused Friday.Treasury yields dipped and equity gauges dropped from Tokyo and Seoul to Sydney after news of further coronavirus infections on a cruise ship off Japan offered a reminder that cases remain on the rise. Shares were lower in Shanghai and Hong Kong. Confidence that the epidemic won’t derail the 2020 global expansion has helped put global shares on course for the best week since June. The dollar was …read more […]

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Trading Ideas

Deaths Top 636; Trump Reassures Xi on Efforts: Virus Update

(Bloomberg) — Japan found an additional 41 coronavirus cases on a quarantined cruise ship, while the number of infections on China’s mainland climbed to more than 31,000.Beijing ramped up efforts to contain the coronavirus that has claimed 636 lives in the country, while at the same time voicing strong objections as other countries place more restrictions on travelers.A Chinese doctor who was initially sanctioned for warning about the deadly Wuhan outbreak in early January has died, stoking fresh anger online at the Communist Party-led government. Read the full story here.Key DevelopmentsChina death toll at 636, an increase of 73, with …read more […]

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Business News

Boeing's botched Starliner test flirted with 'catastrophic' failure: NASA panel

Boeing narrowly missed a “catastrophic failure” during its December flight test of an unmanned space taxi that was cut short by an unrelated problem, a NASA safety review panel said Thursday, recommending that the agency examine Boeing’s software verification process before letting it fly humans to space.

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