Dow soars as Wall Street bears retreat to their caves

WASHINGTON, November 16, 2017 – After days of battering by resurgent bears, Wall Street’s bulls have returned, at least for the day. The rampaging bears are heading back to their caves to hibernate this morning, as the Dow rockets ahead for a 200 point gain (+.83 percent) as of Thursday noon, ET. Other major averages are… Please follow and like us:

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Open economy ‘benefits all’, Xi says

Joint efforts needed for a bright future, he tells APEC business leaders meeting President Xi Jinping sent a strong message of pursuing open global economies, supporting free trade and building a multilateral trade system in a highly anticipated speech delivered at the APEC CEO Summit in Vietnam on Friday. He called economic globalization an irreversible historical… Please follow and like us:

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Trump’s Asia trip shows U.S. at risk of being sidelined in the region’s economic future

WASHINGTON — For all of President Donald Trump’s efforts to build personal relations with leaders and to reassure allies during his first Asia trip, the most significant thing that has happened may have been what did not happen. From Tokyo to Seoul to Beijing, Trump has received maximum ceremonial honors — a “state visit-plus,” the Chinese… Please follow and like us:

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Estonia, Latvia and Lithuania Have Agreed To Create A ‘Pan-Baltic Capital Market’ To Strengthen Their Economies

Joint Initiative,Supported By European Commission And EBRD,Will Harmonise Regulation To Facilitate Investment Estonia, Latvia and Lithuania have agreed to create a pan-Baltic capital market to strengthen their economies and stimulate investment to create jobs with support of the European Commission (EC) and the EBRD. The Ministers of Finance – Toomas Tõniste for Estonia, Dana Reizniece-Ozola for… Please follow and like us:

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SEC Warns Against Illegal Cryptocurrency Promotions

Now that cryptocurrency crowdfunding campaigns have amassed more than $2.3 billion for high-tech projects worldwide, a trend often referred to as initial coin offerings or ICOs, lawmakers are taking notice. The U.S. Securities & Exchange Commission issued a statement on Wednesday warning it may be illegal for “celebrities and others” to promote investments on social media… Please follow and like us:

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Why Advisors Are Turning to Alts

Years after the global financial crisis, the advisory community continues to grapple with portfolio diversification. Fortunately, the increased availability of alternative mutual funds means that advisors have new diversification tools available to them. Viewed individually, each alternative asset classes presents what is known as a bi-modal distribution of data. These bi-modal distributions confirm that the correlations… Please follow and like us:

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Trump administration to impose duties on Argentina’s major export

WASHINGTON — The Trump administration will impose substantial trade penalties on a critical export for Argentina, delivering a significant blow to one of President Donald Trump’s few friends in the hemisphere. According to two people familiar with the plans, the Commerce Department will announce aggressive anti-dumping duties on biodiesel imports as soon as Friday. That would… Please follow and like us:

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Explainer: China’s Crackdown on Big Dealmakers

Over the past few years, Chinese companies have flooded the globe with investments, buying up everything from real estate to football clubs and entertainment companies. As a result, hundreds of billions of dollars in capital have flowed out of the country, draining China’s foreign exchange reserves. But that all has come to a halt this year… Please follow and like us:

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The rise of new technology giants from China

Lei Jun, founder of smartphone maker Xiaomi, presents an updated version of the company’s “concept smartphone” Mi Mix, the Mi Mix 2, in Beijing on Sept 11, 2017.[Photo provided to chinadaily.com.cn] Google, Amazon, Facebook and Apple (‘GAFA’) may still be the world’s largest technology companies, but a new generation of technology contenders is coming from the… Please follow and like us:

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SEC Nabs 3 Brokers for Excessive Trading

The Securities and Exchange Commission charged three New York-based brokers with making unsuitable recommendations that resulted in substantial losses to customers and hefty commissions for the brokers. One of the brokers agreed to pay more than $400,000 to settle the charges. An SEC examination of the firm Alexander Capital L.P. detected potential misconduct among certain brokers,… Please follow and like us:

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Stock Buybacks Trending Lower, Except Among Financials

The latest US Federal Reserve data confirms a decided 2017 trend: Stock buybacks are generally trending down. The latest data from the Fed confirms several data points, including that from TrimTabs and Yardeni research. But there appears to be one dissenter to the trend: financial stocks. Get The Timeless Reading eBook in PDF Get the entire… Please follow and like us:

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US Needs More Tankers, Transports Since Russia & China Can Shoot Them Down

Air Force KC-135 tankers lined up on the runway in Kadena, Japan. AFA: The Air Force needs more tankers and transports because a sophisticated enemy like Russia or China can shoot them down, the chief of Air Mobility Command said here. The current fleet size is based on war plans that only considered how much fuel,… Please follow and like us:

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America’s infrastructure in need of 21st century investment

The infrastructure in China is impressive. My recent visit extremely impacted my perspective on the overall transportation systems in the United States as I witness that China has a big advantage with their wonderful airports, road systems and with their unique Shanghai Maglev Train. I had the opportunity to ride on the world’s fastest commercial train;… Please follow and like us:

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If Google invests in Lyft, what does that mean for Uber?

SAN FRANCISCO — Uber was the indisputable No. 1 player in the domestic on-demand transportation industry. And by its workforce size, passenger count and capital raised, it still is. But reports on Thursday from Bloomberg and Axios that Google’s parent company, Alphabet, is mulling a $1 billion investment in Uber’s archrival, Lyft, suggest that Uber’s ongoing… Please follow and like us:

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Trump bars Chinese firm from buying US chipmaker Lattice

US President Donald Trump on Wednesday blocked a Chinese-backed investor from buying chipmaker Lattice Semiconductor Corp. “Consistent with the administration’s commitment to take all actions necessary to ensure the protection of US national security, the president issued an order prohibiting the acquisition,” Treasury Secretary Steven Mnuchin said in a statement. Canyon Bridge Capital Partners’ planned $1.3-billion… Please follow and like us:

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