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Pentagon Watchdog Clears Microsoft’s Cloud Win Over Amazon

April 15, 2020 admin Comments Off on Pentagon Watchdog Clears Microsoft’s Cloud Win Over Amazon

(Bloomberg) — The Defense Department’s watchdog found no evidence that the Pentagon’s controversial decision to award a $10 billion cloud-computing contract to Microsoft Corp. was the result of interference from President Donald Trump, though it said its probe was limited by the White House.The 317-page report issued Wednesday by the inspector general’s office also found that giving the JEDI contract to a single company — Microsoft — rather than dividing it among competitors was “consistent with applicable acquisition standards.”While the Joint Enterprise Defense Infrastructure project was hotly disputed by rival technology companies from the start, the project gained broader attention …read more […]

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The federal government needs to take a role in ‘encouraging, counseling, advising governors about how they can serve the national interest’: Harvard Professor

April 15, 2020 admin Comments Off on The federal government needs to take a role in ‘encouraging, counseling, advising governors about how they can serve the national interest’: Harvard Professor

President Trump claims he has ‘total’ authority to reopen the economy, but state governors say otherwise. Professor at Harvard Law School Mark Tushnet joins Yahoo Finance’s On The Move to break down who has the power to reopen the economy. …read more […]

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3 “Strong Buy” Dividend Stocks Yielding At Least 9%

April 15, 2020 admin Comments Off on 3 “Strong Buy” Dividend Stocks Yielding At Least 9%

In last week’s trading, stocks showed their best weekly gains in over 40 years, prompting a wave of confidence among investors. But it’s not clear that the bulls really want to start running – today, the S&P slipped 2.5%. Volatility indicators remain high, as daily trading results remain unpredictable.The market gyrations are the direct result of the strong reactions to the COVID-19 epidemic. New York City, the world’s financial center, is clearly at the center of the epidemic in the US, but social distancing, shutdowns, lockdowns, and quarantines are being applied in varying degrees throughout the country – and worldwide. …read more […]

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Dalio Says Investors ‘Crazy’ to Hold Government Bonds Now

April 15, 2020 admin Comments Off on Dalio Says Investors ‘Crazy’ to Hold Government Bonds Now

(Bloomberg) — Bridgewater Associates’ Ray Dalio, founder of of the world’s largest hedge fund, said investors would be “crazy” to hold government bonds now because of money printing by central banks to rescue the global economy.“This period, like the 1930-45 period, is a period in which I think you’d be pretty crazy to hold bonds,” Dalio said Wednesday on the Bloomberg Invest Talks webcast. “If you’re holding a bond that gives you no interest rate, or a negative interest rate, and they’re producing a lot of currency and you’re going to receive that, why would you hold that bond?”Dalio may …read more […]

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OPEC+ or minus? Oil supply cut numbers puzzle markets

April 15, 2020 admin Comments Off on OPEC+ or minus? Oil supply cut numbers puzzle markets

Days after OPEC+ reached a record deal to cut oil output in an attempt to shore up a market reeling from the coronavirus crisis, their calculations are in question. The Organization of the Petroleum Exporting Countries (OPEC), along with Russia and other producing nations – known as OPEC+ – has partnered with other oil-pumping countries including the United States to cut supply by around 20 million barrels per day. “No matter how hard OPEC tries to convince the market of its strength and resolve, it has so far failed to succeed.” …read more […]

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‘The whole conversation really has to shift from war against the virus to how are we going to reopen’: Strategist on economy

April 15, 2020 admin Comments Off on ‘The whole conversation really has to shift from war against the virus to how are we going to reopen’: Strategist on economy

Academy Securities Head of Macro Strategy Peter Tchir joins Yahoo Finance’s On The Move panel to discuss market outlook, and the potential reopening of the economy amid the coronavirus pandemic. …read more […]