13Dec2019 Market Close: Global Shares Gain, Oil Rises, But Caution Lingers On US-China Deal, DOW Closes Up Flat +3 Points, WTI Settled Unchanged 59.77, Gold At 1476

U.S. agency probes 12th Tesla crash tied to possible Autopilot use

The U.S. auto safety agency said Friday it will investigate a 12th Tesla crash that may be tied to the vehicle’s advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in Connecticut on Saturday.

T-Mobile CEO takes the stand in T-Mobile/Sprint merger trial

T-Mobile US Inc Chief Executive John Legere testified on Friday that he believes U.S. regulators considered Dish Network’s history of attempting to build a wireless network when they approved the merger between T-Mobile and Sprint Corp .

Global shares gain, oil rises, but caution lingers on U.S.-China deal

Global equity markets and oil prices rose on Friday after China and the United States agreed on an initial trade deal that rolls back some U.S. tariffs in exchange for China’s increased purchase of farm goods, coming just ahead of a deadline for a new round of U.S. tariffs.

Exclusive: Hudson’s Bay’s take-private deal falls short in shareholder vote – sources

Saks Fifth Avenue owner Hudson’s Bay Co has fallen short in securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to take the department store operator private, people familiar with the matter said on Friday.

Oil nears three-month high as trade hopes, UK election boost sentiment

Oil rose on Friday to its highest in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain.

U.S. prosecutor calls on UAW to cooperate, probe may widen

The U.S. Attorney leading the investigation of corruption within the United Auto Workers (UAW) told Reuters on Friday the union’s leadership still is not fully cooperating with the government, but that individuals are giving federal investigators tips that could expand the probe.

Boeing bows out of multibillion-dollar Minuteman III replacement competition

Boeing Co has decided it will not compete as a prime contractor to replace the Pentagon’s aging U.S.-based Minuteman III missile system, paving the way for Northrop Grumman Corp to win a contract worth tens of billions of dollars.

Wall Street steadies as U.S., China announce trade deal

The S&P 500 and the Dow industrials were little changed on Friday after hitting record highs earlier in the session, as the United States and China announced an initial trade agreement, cooling tensions that have rattled markets.

U.S.-China trade deal swaps tariff rollbacks for farm, energy purchases

The United States and China cooled their trade war on Friday, announcing a “Phase one” agreement that reduces some U.S. tariffs in exchange for increased Chinese purchases of American farm products and other goods.

Deal On, Risk Off

Deal On, Risk Off

The great deal ever… is done-ish. And the market’s reaction was…

Stocks gave back some of their gains from yesterday, selling on the news today…

Bianco: Mom-And-Pop Aren’t The Ones Getting Suckered By FOMO

Bianco: Mom-And-Pop Aren’t The Ones Getting Suckered By FOMO

Authored by Jim Bianco via Bloomberg.com,

The current bull market is historic. According to Goldman Sachs Group Inc., it’s been 10.7 years since the last 20% correction, the longest such run in more than 120 years. In 2019 alone, the S&P 500 Index has surged more than 25%, with recent gains being attributed in part to investors chasing performance as trade optimism lifted the market. Many on Wall Street use the acronyms FOMO (fear of missing out) and TINA (there is no alternative) to explain it.

“F**k Boris” – Antifa Protesters Clash With Police Outside Downing Street As Furious Leftists Revolt

“F**k Boris” – Antifa Protesters Clash With Police Outside Downing Street As Furious Leftists Revolt

As we warned earlier, despite the Conservatives winning their largest majority since the 1980s, bitter leftists furious at the defeat of their spiritual and political leader, Jeremy Corbyn, are rallying in London, and across the country, to protest the outcome of a democratic election.

Those who still need an excuse to try and pretend like they haven’t wholly abandoned their support for Democracy (the West’s primary form of government for the past few centuries) have latched on, once again, to the Russia narrative. The notion that Russian intelligence threw its support behind Boris Johnson and Brexit, and deliberately tried to sway both the referendum and the 2019 vote has no basis in fact, yet certain American political figures are publishing op-eds trying to discredit the British electoral process.

On Friday evening, video appeared on social media of the “Not My Prime Minister” march in London, which brought protesters almost to the front steps of No. 10 Downing Street one day after their fellow Britons rejected Labour’s hard-left policies by handing it its biggest defeat since 1935. As always, legions of police were brought in to keep the peace.

Outside Downing St. The healing ¦

Banana Republic Money Debasement In America

Banana Republic Money Debasement In America

Authored by MN Gordon via EconomicPrism.com,

There are many falsehoods being perpetuated these days when it comes to money, financial markets, and the economy. But when you cut the chaff, three related facts remain: Uncle Sam needs your money. He needs a lot of your money. And he needs it bad!

According to the Congressional Budget Office, the federal budget deficit for the first two months of fiscal year 2020 is $342 billion. This amounts to $36 billion more than the deficit recorded during the same period last year. At this rate, Washington’s going to add over $1 trillion to the national debt in FY 2020.

Still, the figures from the CBO aren’t all bad. Revenues in October and November of 2019 were 3 percent higher than they were in October and November of 2018. Regrettably, outlays for these two months were 6 percent higher in 2019 than they were in 2018.

Jacks and Jennets both know from experience that taking three steps forward and six steps back is an inefficient way to lose ground. They also know that the longer this goes on the more ground you lose. So, too, they know that the more ground you lose the harder it is to make up.

For example, after the big three budget items ” Medicare, Social Security, and Defense ” comes Interest on Debt. Presently, Interest on Debt is over $375 billion. However, the debt is growing by over $1 trillion a year. B …

Is policy paralysis weighing the Indian economy down?

Is policy paralysis weighing the Indian economy down?Govt has to bring in many more talented professionals and get them involved in the policymaking process.

2020 could be even better for Indian IPOs

2020 could be even better for Indian IPOsBSE IPO Index, a gauge of shares in their first two years of trading, has climbed 36% in 2019.

China and US reach phase one trade deal

China and US reach phase one trade dealChina and US have agreed on text of a phase one trade deal based on the principle of equality and mutual respect.

So you changed your mind about a political donation like some of Pete Buttigieg’s ex-supporters ” can you get a refund?

œThere’s nothing under the law that requires a candidate to give money back because someone says, ‘I don’t like you anymore.’

The real reason a Baltimore company’s $10 million holiday bonus is such an outlier

Putting the eye-popping bonus in perspective.

Legendary Nazi ‘Enigma’ code machine up for sale for estimated $100,000

It’s one of only around 250 thought to be in existence.