Business News
Exclusive: Obscure Indian cyber firm spied on politicians, investors worldwide
A little-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over a period of seven years.
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Business News
Futures fall as recovery rally pauses ahead of Fed meeting
U.S. stock index futures dropped on Tuesday, giving back some gains after the Nasdaq notched a record closing high in the previous session, with focus now on the Federal Reserve’s two-day policy meeting.
Business News
S&P cuts Japan’s debt outlook as spending surges during pandemic
S&P Global Ratings on Tuesday lowered its outlook on Japan’s sovereign debt rating to stable from positive, citing increased uncertainty over the country’s fiscal health as it boosts spending to overcome the effects of the coronavirus pandemic.
Business News
HSBC cuts year-end 10-year UK gilt yield forecast to 0%
HSBC said on Tuesday that it had lowered its year-end forecast on 10-year British government bond yields to 0%, given a small probability of negative interest rates and a sense that rates will stay low for a long period.
Trading Ideas
What Has the Government Taken From You?
Eminent domain has two rules.
First, the public (government) taking of private property must be for a public use, not a private use. Second, the owner must be given fair market value for the property taken.
Plenty of court proceedings throughout American history attest to the subjectivity of both of these rules, but in general it has functioned fairly well.
What constitutes property has been argued back and forth, but for sure it includes more than land. It can be buildings and possessions on that land. Even patents and other intellectual property.
The point is that when government decides to take stuff, it can’t …read more […]
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Business News
Hong Kong spearheads $5 billion Cathay Pacific rescue package
Hong Kong will lead a $5 billion rescue of Cathay Pacific Airways , which like other airlines has been hit by a global travel slump triggered by the coronavirus pandemic.
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Trading Ideas
The retail investor rally: Morning Brief
Top news and what to watch in the markets on Tuesday, June 9, 2020. …read more […]
Business News
Vitol’s former CEO Ian Taylor dies after cancer battle: sources
Vitol’s former chief executive and chairman Ian Taylor has died at the age of 64 from cancer, according to an internal memo and four sources familiar the matter.
Trading Ideas
Signs Stock Rally is Doomed to End After $21 Trillion Rebound
(Bloomberg) — As a sense of euphoria sweeps through global equity markets propelling stocks to regain $21 trillion in value from a March low, the asset class is looking increasingly frothy.While stock luminaries who had advocated for a bull zone look like winners in hindsight, the debate goes on about whether the rally is a bear market bounce, doomed to end. Asia ended the day up but off the session’s high, while equities in Europe slipped in early trade, with the Stoxx Europe 600 falling as much as 1.6%. It’s a similar picture for the U.S. market as S&P 500 …read more […]
Business News
Oil down on stronger dollar, oversupply concerns
Oil prices fell on Tuesday weighed down by a stronger dollar and oversupply concerns after it was announced that a trio of Gulf producers would end voluntary output cuts.
Business News
S&P revises Japan’s outlook to stable
S&P Global Ratings said it has revised Japan’s outlook to stable on increased uncertainty around debt stabilization.
Business News
Household spending plunge pulls down euro zone GDP in first quarter
A plunge in household spending and investment pulled down euro zone gross domestic product in the first quarter as the COVID-19 pandemic struck, but the fall was slightly smaller than first estimated, the European Union’s statistics office said.
Business News
Europe turns red as bulls run out of charge
Stock market bulls were forced to a halt on Tuesday and high-flying currencies like the euro and Australian dollar lost altitude, as a weeks-long risk rally ran into some turbulence.