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Monday, November 25, 2024

News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Europe’s Bond Rout Unlocks $635 Billion of Debt for ECB Buying (Bloomberg)

The selloff in euro region bonds this month has delivered a boost of more than 580 billion euros ($635 billion) to the European Central Bank’s asset-purchase program.

Australia dealt a massive blow to the UK government's Brexit plans (Business Insider)

Australia has ruled out negotiating free-trade deals with Theresa May's government until Britain has formally completed its departure from the European Union. 

Hong Kong Shares Slip to Two-Month Low as Mainland Buying Tapers (Bloomberg)

Hong Kong stocks fell to a two-month low, with declines accelerating in afternoon trading, as buying through an exchange link slowed and the valuation gap with mainland shares narrowed.

East Africa’s largest retailer is in talks to sell a 25% stake to a private equity firm (Quartz)

East Africa’s largest retailer, Nakumatt, will cede up to 25% of its shares to an international private equity investor to plug cash flow glitches that have plagued its operations, according to a person close to the company.

Floating homes: a solution to flooding, crowded cities and unaffordable housing (The Guardian)

It’s a timber-clad house with open-plan living, pale floorboards and large windows giving views across Chichester canal. This building designed by London-based Baca Architects has a unique feature – it floats.

BT CEO: 'It's possible that 80% of the jobs people do today won't exist in the future' (Business Insider)

Speaking at the second annual HSBC Innovation Summit in London on Friday, Gavin Patterson said: "It's a combination of ubiquitous networks, ubiquitous data, ubiquitous processing capabilities, sensors in everything, augmented reality, virtual reality — the future looks very, very different.

Retailers drop Thanksgiving hours amid backlash (CNN Money)

When Toys R Us said it would open on Thanksgiving in 2011, Rich started a page on Facebook opposing it, dubbing it Boycott Black Thursday. It got scant attention. "I had 47 'likes' the first year," he recalls.

Companies

GE, Baker Hughes Partnership Would Raise Oilfield Clout for Both (Bloomberg)

Combining General Electric Co. and Baker Hughes Inc.’s oil businesses into partnerships could create a player capable of competing with the industry’s biggest — and may not require a huge amount of money.

Technology

Elon Musk just unveiled Tesla's solar roof and new Tesla Energy products (Business Insider)

Tesla CEO Elon Musk unveiled the solar roof at Universal Studios in Los Angeles on Friday night. Musk has been hyping the solar roof ahead of its shareholder vote for a SolarCity merger that's scheduled for November 17, calling it a "fundamental part of achieving differentiated product strategy."

After shut down, Vine's smartest stars have a backup plan (CNN Money)

There's an apartment building on Vine Street in Hollywood that is famously home to several of the most well-known faces of Vine, a social media platform that Twitter announced on Thursday it would be shutting down indefinitely.

India's Fast Growing Aviation Market Spurs Boom In Private Charter Jet Startups (Forbes)

India’s domestic aviation sector became the world’s fastest growing aviation market last year by growing at a rate of over 20.3 %. This sector is the ninth largest in the world and, according to a passenger forecast issued by The International Air Transport Association (IATA), it is stated to become the third largest aviation market by displacing the one in UK by the year 2026.

Nissan deal: Chuka Umunna asks for 'letter of comfort' to be revealed (The Guardian)

The government has come under renewed pressure to reveal details of the commitments it gave Nissan ahead of the Japanese carmaker’s announcement that it would build two new models in Britain.

Comma.ai cancels self-driving car device after warning from U.S. regulators (Reuters)

(Reuters) – San Francisco entrepreneur George Hotz was so confident in his self-driving startup Comma.ai that he had T-shirts made that boldly proclaimed: “We are gonna be so rich.”

Tesla boss Elon Musk unveils solar roof tiles (The Guardian)

The Tesla chief executive, Elon Musk, has unveiled new energy products aimed at illustrating the benefits of combining his firm, which makes electric cars and batteries, with solar installer SolarCity.

Tech opens the door for people with cognitive disabilities (CNet)

As a special education teacher at a public high school in Philadelphia, Michele McKeone prepared students with autism for life after graduation. But she quickly discovered a glaring hole in the curriculum: a complete lack of digital literacy.

Lenovo's Moto M reportedly packs 5,100mAh of power (Engadget)

We don't have an official release date for Lenovo's next Moto handset just yet, but we do have a leaked set of specs that hint at what's to come. According to some grainy renders that made the rounds earlier this week, the Moto M will be the first Motorola smartphone to feature a rear-facing fingerprint sensor and its unibody frame puts it solidly in the mid-tier of current generation handsets.

How Ultrabooks Challenged The MacBook Air – And Won (Digital Trends)

In the summer of 2010, I started shopping for a new Windows notebook. I’d been a Windows user forever, having experimented with Windows 1.0 and then cut my computing teeth on Windows 3.0. But an unfortunate experience with Windows Vista in 2008 drove me to use a MacBook Pro for a while. Eventually, it became clear that Microsoft had put the Vista fiasco behind it with Windows 7, and having grown tired of OS X, I knew it was time to go back.

Politics

The Cold Clinton Reality (The Wall Street Journal)

Hillary and Bill Clinton are asking for a third term in the White House, and voters who want to know what this portends should examine the 12-page memo written by a Clinton insider that was hacked and published Wednesday by WikiLeaks. This is the cold, hard reality of the Clinton political-business model.

Hillary Clinton Demands FBI Release Any Information It Has On New Email Investigation (The Huffington Post)

Democratic presidential nominee Hillary Clinton called on the FBI to release whatever information it might have relating to an investigation it announced on Friday into newly discovered emails that may be pertinent to its prior probe into her private account.

National poll: Clinton leads Trump by 2 points (Politico)

Hillary Clinton’s lead over Donald Trump has plummeted to just a 2-point margin, according to a new national poll out Saturday conducted even before the FBI director said in a letter to Congress that new evidence had been discovered concerning Clinton’s improper use of a personal email server while secretary of state.

‘Trump’s Going to Bake an Inauguration Cake Out of This’ (NY Times)

What Trump and his followers now believe they will tell: An email from Huma to Weiner like, “Honey, I am going to be late for dinner, I am helping Hillary kill a few people, lie to the American people, see how we can kill her friend Chris and a couple of more Americans in Benghazi, and ship millions of armaments covertly to ISIS in Syria. Love, Huma.”

Health and Biotech

Medicaid Finds Opportune Time to Offer Birth Control: Right After Birth (NY Times)

COLUMBIA, S.C. — Last month, Akia Gayle gave birth to her third child. Sixteen hours later, while she was still in her hospital bed, a doctor implanted a matchstick-size plastic rod in her left arm because she did not want to have a fourth.

How lack of oxygen makes bacteria cause acne and how to stop it (New Scientist)

It’s like Jekyll and Hyde. One moment bacteria on the skin are harmless, the next they are causing a full-on spotty break out. Now researchers have discovered exactly why this happens – a breakthrough that could yield new acne treatments, possibly in two years.

Birth control pills are the rare prescription drug that’s actually become cheaper (Market Watch)

Drug companies are increasing prices several times a year. Many health insurance plans are requiring you spend more before coverage kicks in.

So why does data make it seem like people are actually paying less for drugs?

Life on the Home Planet

The verdict for those armed militants who took over a federal building is white privilege in action (Vox)

Eight months after the nation watched an armed militia take over a wildlife refuge in Oregon to protest federal land ownership, a jury has come back and said that the militia members are “not guilty.” This includes not guilty of a charge that describes what everyone knows these militants did, considering that they livestreamed themselves doing it: conspiracy to prevent Bureau of Land Management and US Fish and Wildlife employees from doing their jobs at the wildlife refuge.

Philippines Arrests Four More Suspects in Davao City Bombing (Bloomberg)

Four more suspects in last month’s deadly bombing in Davao City were arrested Saturday in a joint operation of the Philippines’ military, police and national intelligence agency, the Army’s office of public affairs said.

Queensland Theme Parks Face Safety Blitz After Four Deaths (Bloomberg)

Village Roadshow Ltd.’s theme parks in Australia’s Queensland state will be part of a month-long safety blitz starting Saturday after a fatal accident this week at Dreamworld, run by Ardent Leisure Group.

Iraqi Shi'ite militias say offensive toward Tal Afar started (Reuters)

Iranian-backed Iraqi Shi'ite paramilitary groups said they started an offensive on Saturday against Islamic State positions west of Mosul, assisting in a campaign to take back the city.

India offers to buy 200 foreign combat jets – if they're Made-in-India (Reuters)

A deal for 200 single-engine planes produced in India – which the air force says could rise to 300 as it fully phases out aging Soviet-era aircraft – could be worth anything from $13-$15 billion, experts say, potentially one of the country's biggest military aircraft deals.

Hollande say UK must take its share of responsibility for Calais minors (Reuters)

French President Francois Hollande said on Saturday he had spoken with British Prime Minister Theresa May about Britain taking its share of responsibility for minors who were living in the "Jungle" migrant camp of Calais.

 

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