Year: 2020

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Amazon boss Bezos to face protests from traders during India trip

January 11, 2020 admin Comments Off on Amazon boss Bezos to face protests from traders during India trip

Thousands of small-scale traders in India are planning to organize protests against Amazon.com Inc founder Jeff Bezos, who will visit the country next week for a company event and potential meetings with government officials. Bezos will participate in an Amazon event in capital New Delhi aimed at connecting with small and medium-sized enterprises, three sources told Reuters. Details of Bezos’ visit, including his arrival date and the duration of his stay are not known. …read more […]

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Strategist Who Nailed 2019 U.S. Stock Surge Warns on Positioning

January 11, 2020 admin Comments Off on Strategist Who Nailed 2019 U.S. Stock Surge Warns on Positioning

(Bloomberg) — U.S. stock positioning is near extreme levels as investors price in improving worldwide economic growth, according to Deutsche Bank AG.“Equity positioning, like the market itself, has run far ahead of current growth asinvestors price in a global growth rebound,” strategists Parag Thatte, Srineel Jalagani and Binky Chadha wrote in a note Friday. It “is now in the 96th percentile on our consolidated measure, with a wide variety of metrics very stretched.“Systematic strategies have raised equity exposure to the top of their ranges — to where the only time it was higher was in January 2018, prior to the …read more […]

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JPMorgan Sees ‘High Anticipation’ for CME Bitcoin Options Launch

January 11, 2020 admin Comments Off on JPMorgan Sees ‘High Anticipation’ for CME Bitcoin Options Launch

(Bloomberg) — Institutional interest in Bitcoin-related contracts appears to be building and market measures indicate high anticipation of the launch of CME Group Inc. options on Jan. 13, according to JPMorgan Chase & Co.While a consortium known as Bakkt, which includes New York Stock Exchange parent Intercontinental Exchange Inc., began offering options last month, volumes and open interest have been “rather small,” strategists led by Nikolaos Panigirtzoglou wrote in a note Jan. 10. Given the dominance of CME in trading Bitcoin futures on regulated exchanges, this new offering may change things, they said.Read: Bitcoin Options Introduction Subdued in Wake of …read more […]

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Venezuela’s Maduro Starts Year With a 67% Minimum Wage Hike

January 11, 2020 admin Comments Off on Venezuela’s Maduro Starts Year With a 67% Minimum Wage Hike

(Bloomberg) — President Nicolas Maduro ordered a 67% increase in Venezuela’s monthly minimum wage, the first this year and the eleventh in the past 24 months.The presidential decree, announced by pro-government lawmaker Francisco Torrealba on Twitter, boosts the minimum wage to 250,000 bolivars ($3.61 at the official exchange rate), up from 150,000 bolivars. In addition, workers will receive a food bonus of 200,000 bolivars, for a total minimum income of 450,000 bolivars, according to Torrealba’s publication of an image from an extraordinary edition of the Official Gazette dated Jan. 9.The new hike, which applies retroactively as of Jan. 1, threatens …read more […]