Asian shares extended their New Year’s rally on Friday after Wall Street struck another record high on fresh Chinese stimulus while oil spiked after U.S. air strikes in Iraq heightened geopolitical tensions.
Asian shares extended their New Year’s rally on Friday after Wall Street struck another record high on fresh Chinese stimulus while oil spiked after U.S. air strikes in Iraq heightened geopolitical tensions. MSCI’s broadest index of Asia-Pacific shares outside Japan touched its highest point since June 15, 2018 in early trade, but later pared gains. The index had finished at its highest close in more than 18 months on Thursday, lifted by a New Year’s Day announcement from China’s central bank that it would cut the amount of cash that banks must hold as reserves, releasing release …read more […]
(Bloomberg) — Oil spiked as tensions in the Middle East flared after a U.S. strike near Baghdad international airport killed a top Iranian general.Futures in New York and London surged more than 4% after the attack. The strike killed Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force, according to two people familiar with the matter. U.S. Defense Secretary Mark Esper said Thursday that America was ready to deploy more force in Iraq after an attack on its embassy in Baghdad this week.The U.S. and Iran are already facing off over President Donald Trump’s crippling economic campaign …read more […]
Oil prices jumped more than $1 on Friday after a U.S. air strike killed key Iranian and Iraqi military personnel, raising concerns that escalating Middle East tensions may disrupt oil supplies.
The dollar shook off recent weakness on Friday as dismal economic news from Europe and the UK weighed on major rivals, while figures due later in the session are expected to point to some improvement in U.S. manufacturing.
The company said most employees would not be affected by the freeze. …read more […]
Whole life insurance covers you for the rest of your life, but universal life insurance offers much more flexibility. They are both types of permanent life insurance, which means they have a cash value component. However, whole life insurance can … Continue reading ->The post Whole Life vs. Universal Life Insurance appeared first on SmartAsset Blog. …read more […]
Zijin Mining Group (HKG:2899) shares have continued recent momentum with a 32% gain in the last month alone. And the… …read more […]
Jan.02 — Jed Dorsheimer, Canaccord Genuity analyst, explains his bullish call for Tesla Inc. He speaks with Bloomberg’s Taylor Riggs and David Welch on “Bloomberg Technology.” …read more […]
(Bloomberg) — The U.S. is warning Argentine President Alberto Fernandez that his early foreign policy moves may jeopardize both support from the International Monetary Fund and American investment in the nation’s vast shale oil and gas fields.A senior Trump administration official said that sheltering former Bolivian President Evo Morales and engaging with Nicolas Maduro’s regime in Venezuela crossed a red line and could cost Argentina backing for new IMF funding and investment in the Vaca Muerta shale fields. The official, who spoke on the condition of anonymity to discuss private talks, said while many of Fernandez’s advisers are pragmatic and …read more […]
There’s a high-yield play brewing in the oil patch as a group of companies continue amassing mineral rights beneath oil fields …read more […]
(Bloomberg) — Microsoft Corp. co-founder Bill Gates, the world’s second-richest person, said he wants his fellow billionaires to pay much higher taxes.U.S. lawmakers should close loopholes, raise the estate tax and hike the capital-gains tax so that it equals the rate on labor income, Gates wrote Monday in a year-end blog post. He also called for states and local governments to make their taxes “fairer” and reiterated his support for a state income tax in Washington, where he lives.“I’ve been disproportionately rewarded for the work I’ve done — while many others who work just as hard struggle to get by,” …read more […]
If you need a car, the most frugal option is to buy one that’s 2 to 3 years old, pay cash and drive it until the wheels fall off. The… …read more […]
(Bloomberg) — Illumina Inc. and Pacific Biosciences of California Inc. called off their planned $1.2 billion deal after U.S. antitrust enforcers last month moved to block the merger of the DNA-sequencing companies.The transaction had been on hold for more than a year after being announced in November 2018. But antitrust authorities in the U.S. and the U.K. had pushed back against it, and the U.S. Federal Trade Commission filed a complaint to block it last month.“Considering the lengthy regulatory approval process the transaction has already been subject to and continued uncertainty of the ultimate outcome, the parties decided that terminating …read more […]
Microsoft co-founder Bill Gates, the second richest person in the world, says people like him should be paying higher taxes.In a year-end blog post, Gates applauds the ongoing debate over America’s tax system, calling it one of the most important happening in our country right now. “It isn’t always popular to stand up for higher taxes, so it’s great that many Americans are having this conversation,” he writes.Gates says that he’s “been pushing for a fairer tax system for years.” He notes that there’s a persistent imbalance between the government’s spending and its revenue collection: “the U.S. government simply does …read more […]
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