Year: 2020

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Trading Ideas

Jump in new coronavirus cases derails stock rally

February 13, 2020 admin Comments Off on Jump in new coronavirus cases derails stock rally

Asian stock markets wobbled and the safe-havens of the Japanese yen, gold and bonds rose on Thursday as the number of new coronavirus cases at the outbreak’s epicenter jumped sharply. China’s Hubei province, the epicenter of the virus, reported 242 new deaths and confirmed 14,840 new cases on Feb. 12, a dramatic rise from the 2,015 new cases a day earlier. The spike dashed hopes that the virus was slowing, knocking U.S. e-mini stock futures in to negative territory, sending the Japanese yen 0.2% higher against the dollar and pushing yields on U.S. 10-year Treasuries about 3 basis …read more […]

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Business News

Raytheon discloses SEC subpoena related to payments by Thales JV in Middle East

February 13, 2020 admin Comments Off on Raytheon discloses SEC subpoena related to payments by Thales JV in Middle East

Raytheon has received a subpoena from the U.S. Securities and Exchange Commission related to an investigation into the possibility of improper payments made for contracts in certain Middle East countries since 2014, the U.S. weapons maker disclosed in a filing https://www.sec.gov/ix?doc=/Archives/edgar/data/1047122/000104712220000009/rtn-12312019x10k.htm on Wednesday.

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Business News

U.S. lawmaker calls for ouster of CalPERS CIO over China ties: letter

February 13, 2020 admin Comments Off on U.S. lawmaker calls for ouster of CalPERS CIO over China ties: letter

A U.S. Republican lawmaker on Wednesday urged California to fire the chief investment officer of its public pension fund, the nation’s largest, citing what he called the CIO’s “long and cozy” relationship with Beijing, and assailed the fund’s investments in Chinese companies.

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