Written by Gary
US major indexes move off session lows, trading higher next to unchanged line (SPY 0.00% flat). Trump’s impeachment trial underway, no effect on stock market.
Here is the current market situation from CNN Money | |
 | North and South American markets are lower today with shares in Brazil off the most. The Bovespa is down 0.74% while Mexico’s IPC is off 0.65% and U.S.’s S&P 500 is lower by 0.02%. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
| Exclusive: Philadelphia refinery expected to be sold to real estate developer – sourcesThe bankrupt Philadelphia Energy Solutions is expected to sell its fire-damaged refinery site to real estate developer Hilco Redevelopment Partners, three sources familiar with the situation said on Tuesday. |
| Exclusive: Apple dropped plan for encrypting backups after FBI complained – sourcesApple Inc dropped plans to let iPhone users fully encrypt backups of their devices in the company’s iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuters. |
| Brazil’s GOL sees 737 MAX flying by April, compensation talks ongoingBrazilian low-cost carrier GOL, which has 130 of Boeing’s grounded 737 MAX jets on order, expects to be flying the jet by April and hopes to secure a compensation deal within months, chief financial officer Richard Lark said on Monday. |
| Uber tests feature allowing some California drivers to set faresUber Technologies Inc on Tuesday said it is testing a feature that allows some drivers in California to set their own fares, hoping the change will help it show that its drivers are independent contractors rather than employees under state law. |
| China virus scare sends shudder through European luxury goods sectorEuropean luxury stocks slumped across the board on Tuesday on fears that the coronavirus virus outbreak in China could hurt sales of high-end brands that had managed to weather months of protests in Hong Kong. |
| S&P 500 loses ground amid China virus outbreak, growth fearsThe benchmark S&P 500 slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF prompted investors to lock in recent gains. |
| Risk assets dragged lower by Chinese virus anxietyRisk assets took a hit across the globe on Tuesday while the Japanese yen and some developed country bond prices gained as financial markets reacted to mounting concern about a new strain of flu-like virus in China. |
| NYC Transit expects return of Bombardier subway cars to service this weekNew York City Transit expects subway cars recently built by Bombardier to return to service this week, after the estimated 300 cars were yanked earlier in the month because of safety concerns over the doors, agency president Andy Byford said on Tuesday. |
| Britain’s Sainsbury’s to cut hundreds of management jobsBritain’s Sainsbury’s plans to cut hundreds of management jobs as it seeks to bring its main supermarket operation and its Argos general merchandise arm closer together, it said on Tuesday. |
| Brazil Charges Glenn Greenwald With CybercrimesBrazil Charges Glenn Greenwald With Cybercrimes Prosecutors in Brazil charged American journalist Glenn Greenwald with cybercrimes on Tuesday for his role in spreading embarrassing text messages that exposed corruption within the Brazilian judicial system, according to the New York Times. |
| App Warning: With One Photo, Strangers Can Find All Your InformationApp Warning: With One Photo, Strangers Can Find All Your Information Authored by Mac Slavo via SHTFplan.com, An app called Clearview allows the user to snap a photo of anyone. Once that’s done, the person who took your picture will have access to all of your information. Privacy is now all but obsolete. |
| “I’ll Straight Up Get Armed”: Second Bernie Organizer Loves Gulags And Is “Ready For The F**king Revolution”“I’ll Straight Up Get Armed”: Second Bernie Organizer Loves Gulags And Is “Ready For The F**king Revolution” A second Bernie Sanders field organizer has been caught on undercover camera extolling the virtues of gulags – only this one can barely contain himself over arming himself for the “fucking revolution.” |
| Oil Is The Only Way Back Up For VenezuelaOil Is The Only Way Back Up For Venezuela Via OilPrice.com Editorial Dept., There’s only one path to rebuilding Venezuela, and it’s paved with oil. For the time being, that path leads nowhere. |
| How India can fix its problem of not collecting enough taxesHow India can fix its problem of not collecting enough taxesSo, how do we collect more taxes? Using the GST and following up on the audit trails it generates. |
| Airtel may soon become a foreign entityAirtel may soon become a foreign entityThe approval comes few days before the company has to clear statutory liabilities of up to nearly Rs 35,586 cr. |
| Car sales are back in red zone, againCar sales are back in red zone, againThe number of registrations at RTOs came down by 15% in December as compared to a year ago. |
| Outside the Box: Avoid these 12 deadly sins when saving for retirementYou’ll have a better portfolio if you heed this warning |
| Outside the Box: 5 ways to help you spend your retirement savings ” wiselyMoney can buy many things, but the best may be a sense of financial security. |
| 4 surprising facts about China’s new mystery illnessThe SARS-like virus is spreading fast, observes Beijing-based MarketWatch columnist Tanner Brown, and we don’t know much about it. |
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