Trading Ideas

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(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next.Mastercard Inc. won approval to set up a bank card clearing business in China, gaining access to a $27 trillion payments market as part of the nation’s financial opening.The announcement by the People’s Bank of China on Tuesday signals the country is moving ahead with the speedier opening of its financial system that was agreed on as part of the phase one trade deal with the U.S., even as it grapples with a virus outbreak.Mastercard and its partner, NetsUnion Clearing …read more […]

(Bloomberg) — Ray Dalio says the impact of the coronavirus outbreak on markets has been exaggerated and is likely to be short lived.Investor concerns over the pandemic “probably had a bit of an exaggerated effect on the pricing of assets because of the temporary nature of that, so I would expect more of a rebound,” Dalio, the billionaire founder of Bridgewater Associates, said at a conference in Abu Dhabi on Tuesday. “It most likely will be something that in another year or two will be well beyond what everyone will be talking about.”As manager of the world’s biggest hedge fund, …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Daimler AG slashed its dividend to the lowest since the financial crisis and promised deeper cost cuts as Chief Executive Officer Ola Kallenius frees up cash to pay for an accelerated electrification effort in the coming year.Kallenius, whose restructuring push has failed to gain traction in his first nine months on the job, is cutting the dividend by two thirds to 0.90 euros ($0.98) a share. Daimler will also reduce personnel costs by more than 1.4 billion euros by the end of …read more […]

Investors who take an interest in Banco Santander, S.A. (BME:SAN) should definitely note that insider Ramiro Mato… …read more […]

(Bloomberg) — Want the lowdown on what’s moving Asia’s markets in your inbox every morning? Sign up here.U.S. and European stock futures climbed with Asian equities as investors pushed a gauge of global stocks close to reclaiming a record high ahead of commentary from Federal Reserve Chairman Jerome Powell.Benchmarks in Hong Kong and Seoul climbed more than 1%, while Chinese shares posted their sixth day of advances. Japanese financial markets are shut for a holiday. The risk appetite began in the U.S. where the S&P 500 Index climbed to a new high Monday, with most sectors advancing. The Chinese yuan …read more […]

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(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next.The death toll from the coronavirus climbed above 1,000, as the Chinese province at the epicenter of the outbreak reported its highest number of fatalities yet.Hubei province added 103 more deaths, up from 91 a day earlier. At the same time, it also reported the lowest number of new cases since Feb. 1, an encouraging sign as health officials look for the outbreak to peak.Hubei has removed two health officials from their posts, according to state television. Criticism has mounted …read more […]

(Bloomberg) — The U.S. yield curve is flirting with another broad-based inversion, reigniting Wall Street fears over the fate of the American economy.A growing chorus of voices is being swayed by another notion: the signal might say more about the state of the world than the U.S. business cycle.Treasuries now make up more than half of the world’s haven assets, double the share they accounted for during the global financial crisis, according to Eurizon SLJ Capital. That complicates matters when the spread between long- and short-term yields inverts: what used to be a reliable American recession indicator is instead an …read more […]

(Bloomberg) — T-Mobile US Inc. is poised to win court approval for its $26.5 billion takeover of Sprint Corp., according to a person with knowledge of the matter, advancing a deal that will reshape the wireless industry.U.S. District Court Judge Victor Marrero is expected to rule as soon as Tuesday, said the person, who asked not to be identified discussing the case. States led by New York and California failed to show the combination of the third- and fourth-largest U.S. wireless carriers would harm consumers by raising prices.The judge’s office informed both sides of the decision earlier Monday, said the …read more […]

U.S. District Judge Dolly Gee in Los Angeles said that while the companies had proven they could suffer a degree of irreparable harm as a result of the law, the potential risks to them were less important than the public interest in setting a living wage and regulating employment. The 24-page decision is a blow to the employers of the so-called gig economy which had hoped to stop a bill that will make it harder for them to classify their workers as independent contractors rather than employees. Postmates said in a statement that Gee’s decision was merely procedural …read more […]

(Bloomberg) — Beset by fires, bankruptcy and blackouts, PG&E Corp. now faces a marketing campaign from government officials in its hometown bent on replacing the utility giant.San Francisco has launched the “Our City, Our Power” campaign to rally public support for buying PG&E’s local wires and taking over electricity service within the city. It includes a website asking residents to sign up in favor of the effort, arguing the city can provide better service.“Local control of the entire San Francisco electric system will provide increased affordability, safety, reliability and accountability,” Mayor London Breed said in a statement on the site.PG&E, …read more […]

The heads of the San Francisco and Philadelphia Fed said they felt comfortable with rates where they are now, despite fears over the Coronavirus outbreak. …read more […]

Romance is in the air with Valentine’s Day just around the corner. And in addition to chocolates and roses, you should be on the lookout for scammers who take advantage of the lonely and brokenhearted.
Americans reported losing $143 million in romance schemes in 2018 – more than they lost to any other type of fraud, according to the Federal Trade Commission (FTC). The median reported loss was $2,600. For people over 70, it was $10,000.
But even those figures are probably low. Because of the embarrassment factor, it’s estimated that only 15% of victims report these schemes.
In just one case last …read more […]

Sanders is surging–which is helping Mike Bloomberg’s improbable campaign gain traction. …read more […]