Trade hopes support China, sterling totters on Brexit woes

SYDNEY (Reuters) – Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though overall sentiment remained fragile in Asia as the pound wallowed near 20-month lows on over a Brexit deal. FILE PHOTO: Pound Sterling notes and change are seen inside a cash register in […]

Three broker-dealers settle SEC charges over incomplete data

Traders work at the Citadel Securities post on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 18, 2016. REUTERS/Brendan McDermid (Reuters) – Broker-dealers Citadel Securities, Natixis Securities Americas LLC and MUFG Securities Americas Inc agreed to pay total penalties of more than $6 million to settle charges of […]

What Didn't Happen At G20 Is Far More Important Than What Did

Authored by Alastair Crooke via The Strategic Culture Foundation, Sometimes what doesn’t occur tells us much more than what did – as in Sherlock Holmes’ case of the dog that did not bark in the night. Yes, two things did not occur at the G20, at the end of last week: Why? And what do […]

Don’t arrest Chinese CFOs and CEOs

That is the topic of my latest Bloomberg column, here is just one short excerpt: In the longer run, bringing charges against Meng is likely to accelerate the division of the world into two competing systems of law, technology and commerce — namely those of China and the U.S. That will encourage international relations to […]

Always in a Rush, Business Travelers Push for Even Speedier Hotel Services

Business travelers have long expected their hotels to provide good food, an array of fitness options and, perhaps, a place for a haircut or manicure. But lately, travelers have been pushing to speed up those services. So hotels have started to introduce offerings like grab-and-go food outlets, short workouts and express beauty treatments. In many […]

How Many People Want To Have Sex With A Robot? The Numbers Are In…

Social psychologist and prominent “sexpert” author, Dr. Justin J. Lehmiller, a Research Fellow at Indiana University’s The Kinsey Institute, has actually compiled the data. He posed the question as part of his research: I’ve seen a lot of articles lately about sex robots and how they’re supposedly going to revolutionize our sex lives. A lot of these […]

Newly-Released MKUltra Docs: The CIA Made Remote-Controlled Dogs With Brain Surgery

Authored by Mac Slavo via SHTFplan.com, The Central Intelligence Agency made six remote-controlled dogs as a part of their MKULTRA “behavior modification” or mind control program.  Using brain surgery, newly requested documents show that the dogs were “field operational” and controlled by human beings. The CIA marked the 65th anniversary of the launch of Project […]

Sabotage? Has The Deep State Destroyed Trump's Chances Of A China Trade Deal?

Authored by Michael Snyder via The Economic Collapse blog, Somebody out there apparently does not want President Trump to make a trade deal with China.  Just after U.S. and Chinese officials agreed to suspend the implementation of new tariffs for 90 days, one of China’s most important tech executives was literally kidnapped as she was […]

Everything in Life Is Only for Now: ‘Avenue Q’ to Close in April

Nothing lasts. Life goes on, full of surprises. The raunchy, not-so-politically-correct puppets in the musical “Avenue Q” are only — ahem — “For Now.” The show will be closing its Off Broadway run at New World Stages, where it has played since 2009, in April. The cast and crew members were notified of the closing […]

Former CIA Chief Of Disguise Explains How Spy Agency Trains Agents To Blend In

The CIA has a long and checkered history of sending highly trained agents into very foreign environments to conduct everything from espionage to assassinations.  In order to pull off these clandestine and high-risk assignments, CIA agents must have a watertight cover story and a disguise that could fool your average Russian FSB officer as he flips through a […]

How to Choose the Right Bank for Your Small Business

Image Credit: adrenalina on Yay Images When browsing banking options for your small business, it’s important not to go with the first one that presents itself. One of your aims from the very start should be to find a reliable bank that meets your business’s needs. As a matter of fact, you’re going to want […]

Court orders China sales ban on older Apple iPhones in Qualcomm case

SAN FRANCISCO (Reuters) – A Chinese court has ordered a ban on the sale of several older Apple Inc iPhone models in China for violating two patents of chipmaker Qualcomm Inc, although Apple said all of its phone models remained on sale in the mainland. The case, brought by Qualcomm, is part of a global […]

Canadian court weighs bail for jailed CFO of China's Huawei

VANCOUVER (Reuters) – A Canadian provincial court weighing whether to grant bail to a top executive of Chinese telecoms giant Huawei Technologies [HWT.UL], who is facing possible extradition to the United States, adjourned on Monday without deciding her fate. U.S. prosecutors want Chief Financial Officer Meng Wanzhou to be extradited to face accusations she misled […]

The Largest Conspiracy Theory Peddlers Are MSM And The US State Department

Authored by Caitlin Johnstone via Medium.com, The US State Department has issued a statement accusing the Syrian government of having carried out a false flag chemical weapons attack in northwestern Aleppo with the intent to blame it on the jihadist factions in the region, citing “credible info” that the public has not been permitted to see. Never […]

Zhang Shoucheng Was Being Touted For A Nobel Prize in Physics; Why Did He Kill Himself?

Authored by Steven Mosher via The Epoch Times, On Nov. 20 President Trump’s trade advisor, Robert Lighthizer, issued an exhaustive report on China’s efforts to beg, borrow, and steal U.S. intellectual property. Eleven days later, on Dec. 1, Stanford University Professor Zhang Shoucheng, who had been collaborating with the Beijing regime’s drive to dominate hi-tech under its […]

Former Fed Chair Yellen says excessive corporate debt could prolong a downturn

Former Federal Reserve Chair Janet Yellen is worried about excessive leveraged lending and the level of corporate debt across Wall Street. “Corporate indebtedness is now quite high and I think it’s a danger that if there’s something else that causes a downturn, that high levels of corporate leverage could prolong the downturn and lead to […]

Huawei Executive’s Lawyers Fight for Bail Ahead of Extradition Decision

VANCOUVER, British Columbia — Since Dec. 1, Meng Wanzhou, a top executive of the Chinese technology firm Huawei and a daughter of the company’s founder, has been detained in Vancouver at the behest of American authorities, prompting a diplomatic tussle between China and the United States. On Monday, Ms. Meng’s lawyers fought for her to […]

China's Huawei executive bail hearing adjourned to Tuesday

VANCOUVER (Reuters) – A Canadian provincial court weighing whether to grant bail to a top executive of Chinese telecoms giant Huawei Technologies [HWT.UL], who is facing possible extradition to the United States, adjourned on Monday without deciding her fate. U.S. prosecutors want Chief Financial Officer Meng Wanzhou to be extradited to face accusations she misled […]

Chinese province pledges billions to drive tech, innovation

FILE PHOTO: The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song SHANGHAI (Reuters) – China’s coastal province of Zhejiang, home to e-commerce giant Alibaba (BABA.N), has pledged more than $17 billion to drive the tech industry and innovation in the coming five years, […]

Wall St. ends choppy day higher; tech helps, Brexit weighs

(Reuters) – Wall Street ended Monday’s volatile session slightly higher with help from technology stocks although bank stocks tumbled and uncertainty over Britain’s exit from the European Union kept investors on edge about global growth. The energy index was the S&P’s biggest percentage loser as oil prices declined and financial stocks tumbled with the S&P […]

Amazon’s Homegrown Chips Threaten Silicon Valley Giant Intel

Amazon, the world’s largest online retailer and largest cloud-computing company, is pushing into a new line of work: computer chips. Late last month, the company, based in Seattle, revealed that it had spent the last few years building a new chip for use inside the millions of servers in its data centers around the world. […]

Google CEO defends 'integrity' of products ahead of testimony

WASHINGTON (Reuters) – The chief executive officer of Alphabet Inc’s (GOOGL.O) Google on Monday defended the integrity of the company’s products a day ahead of a congressional hearing where he is expected to face tough questions from U.S. lawmakers. FILE PHOTO: Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference […]

The G.O.P. Goes Full Authoritarian

Donald Trump, it turns out, may have been the best thing that could have happened to American democracy. No, I haven’t lost my mind. Individual-1 is clearly a wannabe dictator who has contempt for the rule of law, not to mention being corrupt and probably in the pocket of foreign powers. But he’s also lazy, […]

Evelyn Berezin, 93, Dies; Built the First True Word Processor

Evelyn Berezin, a computer pioneer who emancipated many a frazzled secretary from the shackles of the typewriter nearly a half-century ago by building and marketing the first computerized word processor, died on Saturday in Manhattan. She was 93. Marc Berezin, a nephew, confirmed her death, at the Mary Manning Walsh Home. He said she had […]

Brexit looks more and more like a bad joke

Brexit opponents protest outside Parliament in London. (Christopher Furlong/Getty Images) December 10 at 5:45 PM Even if you’re not a fan of British humor, it’s hard not to laugh a little at Brexit. Sure, there have been bigger disasters in history, but it’s rare to find dumber ones. The whole idea, after all, behind Britain […]

Almost half of S&P 500 stocks in a bear market

SAN FRANCISCO (Reuters) – The S&P 500 is not yet in a bear market, but nearly half of its components are. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 10, 2018. REUTERS/Brendan McDermid Hurt by worries about global growth, the S&P 500  on Monday fell as […]

Chinese Court Says Apple Infringed on Qualcomm Patents

A two-year legal battle between Apple and its chip supplier, Qualcomm, reached a new level of contention on Monday when Qualcomm said a Chinese court had ordered Apple to stop selling older iPhone models in China. The court ruling is the latest turn in the two companies’ fight over Apple’s use of Qualcomm technology in […]

Wells Fargo won't be allowed to grow unless problems fixed: Fed's Powell

WASHINGTON/NEW YORK (Reuters) – Wells Fargo & Co (WFC.N) must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve. FILE PHOTO: The Wells Fargo name is shown on an office town in downtown […]

Goldman Sachs Decides Fed Probably Isn’t Lying

Jay Powell may have been appointed to the head of the Federal Reserve by Donald Trump, but this does not mean he is of a piece with the president of the United States. Perhaps you realized this at some point during Trump’s campaign to undermine a man he’d called “strong, committed and smart” less than […]

India’s Top Central Banker Quits as Government Seeks More Control

MUMBAI, India — India’s top central banker resigned on Monday after tussling for months with Prime Minister Narendra Modi’s government over its desire to exert more control over the bank’s regulations and tap its reserves to increase government spending. The departure of the banker, Urjit Patel, came almost a year before his term was to […]

2:00PM Water Cooler 12/10/2018

By Lambert Strether of Corrente. Trade “Why Trump’s trade war is pushing China to become smarter and stronger, faster” [Hellenic Shipping News]. “The final communiqués at these lovefests must usually be written beforehand for anything to be agreed. Trump is the exception. He likes one-on-ones. He is a professional deal maker in a way that […]

BlackRock integrates retirement income calculator with eMoney

BlackRock continues its push into the market of retail financial advisers with a new integration between its iRetire retirement income calculator and eMoney Advisor, one of the most popular financial planning tools among independent advisers. Advisers can use iRetire to illustrate how working longer, saving more, spending less and changing investment strategies can impact their […]

Finra panel awards adviser $1.2 million from defunct broker-dealer

A Finra arbitration panel has ruled in favor of adviser Brian Taylor Kirkpatrick in a share-ownership dispute with his former employer Capital Guardian Wealth Management, a now defunct broker-dealer. According to the dispute resolution from the Financial Industry Regulatory Authority Inc., Mr. Kirkpatrick has been awarded $1.2 million for his 15% ownership stake in Capital […]

BBRG: Donald Trump Owns This Stock Market

Donald Trump Owns This Stock MarketIt wasn’t smart to dump a dovish Fed chief, run up the deficit, and start a trade war. Trump did all three.Bloomberg, December 10, 2018 For those of you who are looking for an explanation why the stock market suddenly become tumultuous in the fourth quarter of 2018, you can […]

3 big reasons to do a Roth conversion right now

Lower tax rates, a slumping stock market and the time of year offer pristine conditions for financial advisers to do a Roth conversion with clients. Roth conversions allow clients to convert all or a portion of their traditional, pretax individual retirement account assets into a Roth IRA. Clients pay the tax upfront in exchange for […]

Wall Street banks parse US data in search of recession signs

Wall Street’s biggest banks are scouring U.S. data for signals of an impending recession. On balance, they’ve been finding that a 2019 downturn still isn’t likely — though it’s becoming slightly more so. The current expansion is eight months away from becoming the longest in postwar history. Most indicators remain solid enough to suggest it’ll […]