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Sep.20 — Mayo Clinic Vaccine Research Group Director Gregory Poland discusses the timeline for a coronavirus vaccine. He speaks with Guy Johnson and Alix Steel on “Bloomberg Markets.” September 17, 2020 …read more […]

(Bloomberg) — U.S. stock futures opened with declines, while equities in Asia were set for a softer start after a dip on Wall Street on Friday. The offshore yuan edged higher.Currencies elsewhere saw small moves, with the dollar largely steady against its main G-10 peers. Japan’s equity market is shut for a holiday and cash Treasuries won’t trade until the London open. Stock futures signaled modest declines in Australia and Hong Kong. Crude oil retreated. As U.S.-China tensions linger, President Donald Trump said he’s approved Oracle Corp.’s bid for the U.S. operations of TikTok “in concept.” Meantime, the Trump administration’s …read more […]

(Bloomberg) — A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is urging changes at miners as performance “continues to fall short” in some areas even as prices rise.In an open letter to the mining industry, prominent gold investors including money managers at Franklin Templeton, CI Investments and members of the Shareholders’ Gold Council are targeting issues including executive compensation and directors who don’t have enough skin in the game because they don’t hold a meaningful amount of shares in the firms they represent. The signatories offered 16 suggestions to better align the interest …read more […]

(Bloomberg) — The fuel that powers passenger planes is normally among the most expensive oil products, but in a sign of the times the coronavirus has turned it into a blending component for typically cheaper shipping fuel.Straight-run kerosene, usually processed into jet fuel, is now being used to make very low-sulfur fuel oil for the maritime industry amid a plunge in consumption by airlines. Higher than normal amounts of diesel and vacuum gasoil are also finding their way into shipping fuel.The shift, almost unthinkable just a year ago, reflects the obliteration of demand the aviation industry has suffered in the …read more […]

Journal Editorial Report: The week’s best and worst from Bill McGurn, Jason Riley, Mary O’Grady and Dan Henninger. Images: Getty Images Composite: Mark Kelly …read more […]

Journal Editorial Report: Who benefits from a fight over Ginsburg’s successor? Images: AFP via Getty Images Composite: Mark Kelly …read more […]

Journal Editorial Report: Paul Gigot interviews Ilya Shapiro of the Cato Institute. Images: Getty Images Composite: Mark Kelly …read more […]

(Bloomberg) — The dollar’s weakest quarter in a decade may get even worse as investors respond to the effects that massive American equity-market gains have had on the composition of their portfolios.The Bloomberg dollar index has plunged close to 5% this quarter and is on track for its biggest slide since 2010 as America’s economy shows signs of recovering from its pandemic-induced slump. That more upbeat narrative has helped to underpin a 7% rally in the S&P 500 Index that puts to shame to gains in stocks from Japan to the euro area and Canada — not to mention losses …read more […]

Matthew Leising’s new book, “Out of the Ether,” tells the story of the attack that almost brought down Ethereum. Here he talks with Dan Kuhn. …read more […]

Plus COVID’s impact on the Big 4 accounting firmsThe post Harvard MBA Explains How To Make A Career Switch appeared first on Poets&Quants. …read more […]

Americans may have to hunker down this fall and winter if the virus explodes, as expected. …read more […]

Smartphone messaging app WeChat has averted a U.S. ban.A federal judge in California temporarily blocked the Trump administration’s executive order preventing Americans’ use of WeChat, a social network owned by Shenzhen, China-based Tencent Holdings (PINK: TCEHY).U.S. Magistrate Judge Laurel Beeler entered the order Sunday for a preliminary injunction blocking the federal ban on U.S. downloads from going into effect, which was slated for 11:59 p.m. Sunday.The move essentially prevents the Commerce Department from forcing Apple and Alphabet’s Google to remove Tencent Holding’s WeChat from its app stores.The news is a victory for Tencent, a tech giant under the helm of …read more […]

Boeing (BA) is once again in the headlines. A congressional report released on Wednesday has blamed BA along with the FAA (Federal Aviation Administration) for the design flaws behind the two fatal crashes of Boeing’s grounded jetliner, the 737 Max.The scathing verdict is the latest addition to Boeing’s 2020 woes. Following the pandemic’s onset, Boeing appeared on the verge of bankruptcy, only to pull back from the edge. The decimation of the airline industry, however, has seen cancelations on the deliveries of its commercial aircrafts. Add in a predictable yet still woeful Q2 earnings, and reports of 787 Dreamliner manufacturing …read more […]

(Bloomberg) — The Trump administration’s curbs on WeChat were put on hold by a California judge, upending an effort to halt use of the Chinese-owned app in the U.S.Magistrate Judge Laurel Beeler in San Francisco issued a preliminary injunction at the request of a group of U.S. WeChat users, who argued that prohibitions would violate the free-speech rights of millions of Chinese-speaking Americans who rely on it for communication. The app, which was supposed to disappear from U.S. app stores on Sunday, has 19 million regular users in the U.S. and 1 billion worldwide.WeChat “serves as a virtual public square …read more […]