Year: 2020

The charm offensive comes after Xerox raised its cash-and-stock bid for HP last week by $2 to $24 per share ahead of a tender offer it plans to launch in early March. It is also asking HP shareholders to replace HP’s board directors with Xerox’s nominees at the company’s annual shareholder meeting later this year. It told investors last week it wants them to have “full information” on the company before responding publicly to Xerox. …read more […]

Feb.16 — Bob Michele, chief investment officer and head of global fixed income, currency and commodities at JPMorgan Asset Management, talks about central banks’ policies, bonds and currencies. He speaks with Paul Allen on “Bloomberg Markets.” …read more […]

SmileDirectClub could be headed towards a battle with NBC News. …read more […]

(Bloomberg) — Hubei, the Chinese province at the epicenter of the coronavirus outbreak, reported 1,933 new cases, slightly higher than a day earlier, and 100 additional deaths.While the head of a hospital in the city of Wuhan said a turning point has been reached as new cases fell over the weekend, the outlook was more cautionary outside the country. The head of the U.S. National Institute of Allergy and Infectious Diseases said the outbreak is on the verge of a global pandemic if containment steps fail to show more success.Deaths were reported in France and Taiwan over the weekend. The …read more […]

(Bloomberg) — Asian stocks looked poised for a cautious start to the week as investors mulled China’s latest plans to help its economy counter the impact of the coronavirus outbreak. U.S. equity futures ticked higher.Futures edged lower in Japan and Hong Kong, while Australian shares opened flat after two weeks of gains for global equities. Volumes may be lower than average Monday due to a U.S. holiday; Treasuries won’t trade. China over the weekend unveiled plans for reducing corporate taxes and fees, and letting banks run up more non-performing loans. The head of a hospital in Wuhan, the city at …read more […]

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. The fight between the U.S. and Europe over Chinese technology is threatening to split the transatlantic military alliance, and tensions were ratcheted up another notch on Sunday by the U.S. ambassador to Germany. Ambassador Richard Grenell tweeted that President Donald Trump had instructed him to “make clear that any nation who chooses to use an untrustworthy 5G vendor” risks jeopardizing intelligence and sharing with the U.S. “at the highest level.” The comment on Twitter seemed specifically aimed at Huawei Technologies …read more […]

On Sunday, Mike Bloomberg waded into retirement issues for the first time as a presidential candidate. …read more […]

It’s a shortened trading week, with major U.S. markets closed Monday in observance of President’s Day. The coronavirus, FOMC, and Walmart earnings will take the spotlight this week. …read more […]

Paul Gigot interviews Michael Pillsbury about the pressures on Xi Jinping. Image: Liu Bin/Zuma Press …read more […]

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The week’s best and worst from Kim Strassel, Jason Riley, Allysia Finley and Dan Henninger. Image: Jim Watson/Getty Images …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Emerging markets may take their cue this week from a recovery in commodity prices and signs China’s efforts to stem the spread of the coronavirus are working.Gauges of stocks, bonds and currencies in developing economies all rose in the five days through Friday as raw materials had their best week this year. Chinese officials urged the nation to meet its economic targets for 2020 as Hubei province, the epicenter of the outbreak, reported a slowing rate of new infections.Despite a rally in …read more […]