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CNBC BusinessJan 21, 2020
China says coronavirus that killed 6 can spread between people. Here's what we know
The outbreak could hit the economy, experts warned as they called back to the fallout from the deadly SARS crisis in 2003.

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UPDATE 1-China virus fear slams European shares (Reuters Company News)
China 5-yr CDS rise 10% to near 2-week high on virus fears (Reuters Company News)

MarketWatchJan 21, 2020
Europe Markets: European luxury stocks blasted over virus worries as UBS hit by lowered guidance
European stocks slumped on Tuesday as worries over a spreading virus in China as well as weak guidance from Swiss banking giant UBS weighed.

NYTimes BusinessJan 21, 2020
Trump to Focus on Economy at Davos, Seeking a Counter to Impeachment
President Trump was scheduled to make his first appearance on the international stage since the House sent impeachment articles to the Senate, on the day his trial is set to begin in earnest.

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Trump's Senate trial likely to further tear at national divides - CNN (Google Business News)

Yahoo BusinessJan 21, 2020
Stocks Decline With U.S. Futures; Treasuries Rise: Markets Wrap
(Bloomberg) -- European stocks dropped alongside U.S. equity futures on Tuesday, tracking broad declines across Asia amid a series of negative developments in Hong Kong and worries about a deadly virus in China.The Stoxx Europe 600 Index fell a second day, with banks among the biggest losers after UBS Group AG missed key profitability and cost targets. Retailers also retreated, with luxury stocks suffering on concern the outbreak of a new coronavirus in China will disrupt spending during a key holiday period. News of the illness spreading rattled Asian markets, with shares in Hong Kong hit particularly hard after a credit rating downgrade and a top official calling for new security legislation.Contracts on the three main U.S. equity benchmarks all pointed to a drop when Wall Street returns from the long weekend. The risk-off mood helped spur some traditional haven assets, with the yen and Treasuries advancing. The Chinese and South Korean currencies weakened. The pound turned higher after better-than-expected U.K. employment figures.Read more: China Virus Concern Hammers Asian Stock SentimentThe emergence of the illness in China is stirring memories of the SARS outbreak 17 years ago for some market watchers, though it's not yet as serious. Still, easing trade tensions, a solid start to earnings season and signs global growth is bottoming have all combined to stoke stocks to multiple records this month; for many investors it may be time for a pause."For the market, the more meaningful driver still remai

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China virus fear spreads to European stocks (Reuters Company News)

FT.com - Financial MarketsJan 21, 2020
China and HK shares fall on spread of Sars-like virus
Consumer stocks down as Beijing confirms first case of human-to-human transmission

Reuters Company NewsJan 21, 2020
EMERGING MARKETS-Assets battered as China virus fears mount; Rand hits one-month low
Emerging market stocks and currencies took a beating on Tuesday as investors turned risk-averse on growing concerns over the coronavirus outbreak in China, while South Africa's rand hit a one-month low on a weak economic outlook.

Google Market NewsJan 21, 2020
Arizona police say 3 children found dead at home - Fox News
Arizona police say 3 children found dead at home  Fox NewsPhoenix police: 3 children dead inside home  Associated PressThree children under age 4 found dead at Phoenix home, police say  AZFamilyCentral Phoenix News PD: 3 young kids found dead inside Phoenix home abc15.com staff 8  ABC15 Arizona3 children found dead in south Phoenix home  12 News

Reuters Company NewsJan 21, 2020
REFILE-UPDATE 1-Logitech's adjusted operating income rises 5.9%
Logitech International SA reported a 5.9% rise in adjusted operating income for the third quarter on Tuesday, boosted by higher demand for its gaming and video conferencing products.

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REFILE-Logitech adjusted operating income rises 5.9% (Reuters Company News)

Yahoo BusinessJan 21, 2020
U.S. Stock Index Futures Decline Amid China Virus Worries
(Bloomberg) -- U.S. stock index futures indicated a negative start after the long weekend, mirroring a sell-off in global equity markets as concerns over the spread of a SARS-like virus from central China prompted investors to book recent gains.S&P 500 Index futures contracts expiring in March fell as much as 0.5% after multiple medical workers were reported to have been infected. Dow Jones Industrial Average contracts were down 0.3% while those on the Nasdaq 100 retreated 0.6%. U.S. markets were closed Monday for Martin Luther King Jr. Day.Asian Tourism, Consumer Stocks Slip Amid Concern of Virus ImpactAsian stocks sank as risk-off sentiment roiled markets and spurred a flight to quality across assets. Gold and the yen climbed and China's yuan weakened by the most in three months. In Europe, the Stoxx 600 fell 1%, with miners, banks and consumer-related stocks leading losses.Worries over the virus come ahead of the Lunar New Year holiday, a busy Chinese traveling period, said Laura Fitzsimmons, executive director at JPMorgan Chase & Co."When we compare this situation with previous virus outbreaks, the level of Chinese travel now is way, way bigger than what we had before," she told Bloomberg TV in Sydney. "How much that industry has grown, how many more are traveling now -- it really does make things on a much larger scale."READ: Here's What Market Watchers Are Saying About the Virus SpreadHong Kong's equity index market fell the most in Asia as concerns linked to the virus in China added to a downgrade b

Yahoo BusinessJan 21, 2020
China Virus Concern Hammers Asian Stock Sentiment on Holiday Eve
(Bloomberg) -- Financial markets in Asia reeled on concern a deadly virus emanating from China will spread through the region. Moves were exacerbated as traders closed out positions in the run-up to Lunar New Year holidays.Chinese shares in Hong Kong headed for their worst day since October 2018, while global traders offloaded more than 7 billion yuan ($1 billion) of mainland shares through exchange links. MSCI Inc.'s Asian gauge dropped 1%.The virus is another test for a bull run in global equities, which rose to record last week after shrugging off concerns of a wider conflict in the Middle East. Four people have died and a number of medical workers have been infected by the new illness, which emerged in the city of Wuhan. It has since been detected in people in Japan, Thailand, South Korea, as well as other parts of China."It is uncertain how the virus outbreak will develop in China during the holidays," said Jackson Wong, asset management director at Amber Hill Capital Ltd. "We are holding more cash and we are avoiding travel-related stocks and some technology stocks that had already jumped a lot earlier."The Hang Seng China Enterprises Index slumped more than 3% in Hong Kong, where equities were also hit after Moody's Investor Service dowgraded the city's rating and China's new top official in Hong Kong urged the city to enact national security legislation. The CSI 300 Index of stocks in Shanghai and Shenzhen dropped 1.7%.The reaction seeped into broader global markets. S&P 500 Index f

Yahoo BusinessJan 21, 2020
Greta Thunberg tells Davos: 'Nothing has been done' on climate since she began protesting
Essentially no progress has been made on curbing global carbon emissions since Swedish climate activist Greta Thunberg rose to prominence in 2018, she said on Tuesday at the World Economic Forum in Davos, Switzerland, just hours before President Donald Trump was set to address the conference.


FT.com - China, Economy & TradeJan 21, 2020
A partial and defective US-China trade truce
A large problem remains: Washington does not know what it is trying to achieve

Reuters Company NewsJan 21, 2020
U.S. Treasury's Mnuchin says phase-two trade deal may not remove all tariffs - WSJ
The phase-two trade deal with China would not necessarily be a "big bang" that removes all existing tariffs, U.S. Treasury Secretary Steven Mnuchin told the Wall Street Journal in an interview.

Reuters BusinessJan 21, 2020
China virus sends shiver through markets as risks mount
Global shares took a beating on Tuesday, wiping out all gains made at the start of the week as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets.

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GLOBAL MARKETS-China virus sends shiver through markets as risks mount (Reuters Company News)

Google Business NewsJan 21, 2020
What the royal 'deal' will look like for Prince Harry and Meghan - CNN
What the royal 'deal' will look like for Prince Harry and Meghan  CNNMeghan Markle is only royal family member happy with 'Megxit' deal: royal expert  Fox NewsSee Camilla's Off-the-Cuff Response When Asked If She'll 'Miss' Meghan Markle and Prince Harry  PEOPLE.comPrince William Reveals a Detail Behind His Proposal to Kate Middleton  ELLE.comFollowing 'Megxit,' Kate Middleton, Prin

Google Business NewsJan 21, 2020
Fears of China's Coronavirus Prompt Australia to Screen Flights - The New York Times
Fears of China's Coronavirus Prompt Australia to Screen Flights  The New York TimesThis may explain the spread of China's new virus  CNNNew coronavirus update: Human-to-human infection confirmed  CGTNWuhan pneumonia outbreak: Authorities confirm 4th death  CNACoronavirus On The Regional Risk Radar  FX EmpireView full coverage on Google News

Reuters BusinessJan 21, 2020
Oil prices slide as supply concerns fade
Oil prices fell nearly 1% on Tuesday as investors expected Libya's oil production to eventually resume following a force majeure declared by the oil exporter on two major oilfields amid a military blockade.

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UPDATE 3-Oil prices slide as supply concerns fade (Reuters Company News)
Oil prices fall nearly 1% as supply concerns ease (Reuters Business)

Yahoo BusinessJan 21, 2020
3 Healthcare Stocks That Can Double in the Next Year
Risk and reward are two of the most commonly used words in investing. The two are symbiotic and complement each other perfectly. Where there is more risk, the reward is likely to be more abundant. Of course, the equation works the other way too: less risk, probably less reward.The thesis is simple: a company such as Google is likely a pretty safe place for an investment. But with a market cap of $1 trillion, how much value can the company add to its share price? On the other hand, investing in a fledgling biotech with life-changing treatments in the pipeline could potentially see an investment yield extraordinary returns. Let's not forget, though, this sort of investment also carries a significant amount of risk with it.With this in mind, TipRanks' Stock Screener pointed us in the direction of three Healthcare stocks the experts on the Street think could soar in the year ahead. And by soar, we mean at least double their current value. The risk here as an investor is higher, but as we know by now, so are the possible rewards. As an added bonus, all three currently have a Strong Buy consensus rating from the Street. Let's take a look at the data.ProQR Therapeutics (PRQR)ProQR's back story is unusual. The company was founded after CEO Daniel de Boer's newborn son was diagnosed with cystic fibrosis. De Boer, with the help of several co-founders, then formed ProQR - a biotech with a focus on providing new medicines for rare diseases. There are approximately 7,000 rare diseases in the world today, and only 400 currently have treatmen

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Ubuntu Linux 20.04 Ditches A Feature That's Been Annoying You For Years (Forbes Headlines)

Reuters BusinessJan 21, 2020
Facebook targets UK growth with 1,000 hires this year
Facebook will hire 1,000 people in London this year in roles such as product development and safety as it continues to grow its biggest engineering center outside the United States after Britain leaves the European Union.

Reuters BusinessJan 21, 2020
Uber sells Indian Eats business to Zomato in move to cut losses
Uber has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial.

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UPDATE 3-Uber sells Indian Eats business to Zomato in move to cut losses (Reuters Company News)
Dow Jones Newswires: EasyJet 1Q 2020 revenue per seat rose 8.8% (MarketWatch)
5 charts show the latest IMF forecasts for the global economy - CNBC (Google Business News)
NYTimes BusinessJan 20, 2020
The Davos Plutocrats Warm Up to Trump
C.E.O.s have come to accept the president, in spite of his populist views and governance-by-Twitter style. Tax cuts and a record stock market speak volumes.

Reuters Company NewsJan 20, 2020
GLOBAL MARKETS-Asia shares feel a chill as China virus risks mount
* BOJ keeps policy steady, next hurdle is Trump speech at Davos

Reuters Company NewsJan 20, 2020
UPDATE 1-Logitech's adjusted operating income rises 5.9%
Logitech International SA reported a 5.9% rise in adjusted operating income for the third quarter on Tuesday, boosted by higher demand for its gaming and video conferencing products.

Reuters BusinessJan 20, 2020
Asia shares feel a chill as China virus risks mount
Asian shares took a sudden turn for the worse on Tuesday as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets.

The Motley FoolJan 20, 2020
New Oriental Education & Technology Group Inc. (EDU) Q2 2020 Earnings Call Transcript
EDU earnings call for the period ending November 30, 2019.

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The Week Ahead In Biotech: Focus On Epizyme, Merck Ahead Of PDUFA Dates, J&J To Kickstart Big Pharma Earnings (Yahoo Business)
What Investors Should Watch When FuelCell Energy Reports Q4 Earnings (The Motley Fool)

Wall Street Journal US BusinessJan 20, 2020
IMF Predicts Global Economy Will Rebound in 2020
The IMF expects global gross domestic product will expand by 3.3% in 2020, up from 2.9% in 2019.

Google Business NewsJan 20, 2020
Dershowitz on impeachment reversal: 'I am much more correct right now' - CNN
Dershowitz on impeachment reversal: 'I am much more correct right now'  CNNMSNBC Host Calls Out Trump's Impeachment Legal Team for Being 'Associated' With 'Pedophile' Epstein  NewsweekTrump's legal team details impeachment trial preparations  Fox NewsTrump would never go for a plea bargain, so it looks like jury nullification is his only option  The Washington Post

Reuters Company NewsJan 20, 2020
UPDATE 2-Uber sells Indian food delivery arm to Ant Financial-backed Zomato
* Uber Eats struggled with losses in India (Adds details from statement and Uber, background)

RELATED ARTICLES
UPDATE 1-Ant Financial-backed Zomato buys Uber's Indian food delivery arm (Reuters Company News)

Google Business NewsJan 20, 2020
Nolan Arenado feels "disrespected" as Rockies GM Jeff Bridich nixes trade talks - The Denver Post
Nolan Arenado feels "disrespected" as Rockies GM Jeff Bridich nixes trade talks  The Denver PostNolan Arenado says he had a 'lot of disrespect from people' on Rockies  ESPNNolan Arenado: "I Feel Disrespected" By Rockies  MLB Trade RumorsNolan Arenado Calls out 'Disrespect' as Rockies GM Shuts Down Trade Rumors  Bleacher Report

MarketWatchJan 20, 2020
NewsWatch: Some big coal players may escape BlackRock's planned divestment
BlackRock has set out plans to rid its portfolio of coal companies. But for diversified miners that dig up an array of products, it's not obvious which companies will be axed from the fund management giant's active funds and which will stay.

Reuters Company NewsJan 20, 2020
UPDATE 1-Central banks can't save the world from climate change, BIS says
Central banks can't be expected to save the world from climate change, a new book by the Bank for International Settlement said on Monday, urging instead global co-ordination ranging from government policy to financial regulation.

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Leaders Confront Climate Change at Davos Gathering—Energy Journal (WSJ MoneyBeat)

MarketWatchJan 20, 2020
The Tell: Some big coal players may escape BlackRock's planned divestment
BlackRock has set out plans to rid its portfolio of coal companies. But for diversified miners that dig up an array of products, it's not obvious which companies will be axed from the fund management giant's active funds and which will stay.

Yahoo BusinessJan 20, 2020
China Virus Outbreak Thwarts Most Bullish Stock Market in Years
(Bloomberg) -- A virus outbreak in China is sending shockwaves through the country's stock market, denting what had been growing enthusiasm toward shares.Consumer shares led losses in the FTSE China A50 Index of large caps Tuesday, which was set for its biggest drop in almost five months. Investors also sold crowd favorites such as liquor makers Wuliangye Yibin Co. and Kweichow Moutai Co., while travel operator China International Travel Service Corp. fell 3.5%. The offshore yuan slid as much as 0.5%, briefly trading on the weak side of 6.9 per dollar.The declines come just days before China celebrates the Lunar New Year, a typically strong season for traveling and consumer spending. Now, there's doubt that markets can continue their ascent after the week-long break."People are getting nervous and cashing out," said Wang Chen, a Shanghai-based partner with XuFunds Investment Management Co. He said his firm has cut some stock positions this week. "We have a long holiday coming up and the virus outbreak, and there was a bit too much hype in the market recently. Outflows via the northbound links and upcoming earnings season are also adding to caution.'Northbound stock links with Hong Kong will be shut for 5 trading days from Friday. After months of buying, foreigners had sold a net 5.1 billion yuan ($740 million) of mainland-listed shares as of the mid-day break, set for the most since early August.It marks an abrupt shift in market confidence, which was riding high as Beijing signed a phase one trade

Reuters BusinessJan 20, 2020
No turning point in sight as IMF predicts sluggish global growth
Global growth appears to have bottomed out but there is no rebound in sight and risks ranging from trade tensions to climate shocks makes the outlook uncertain, a top International Monetary Fund official said on Monday.

Reuters BusinessJan 20, 2020
Uber sells Indian food delivery arm to Ant Financial-backed Zomato
Uber has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial, limiting its exposure to a crowded market where it has struggled to grow.

RELATED ARTICLES
Boeing's 737 Max jet crisis has company seeking loans: Report (Yahoo Business)
Boeing seeks to borrow $10 billion or more amid 737 MAX crisis: source (Reuters Business)
UPDATE 1-Boeing seeks to borrow $10 billion or more amid 737 MAX crisis -source (Reuters Company News)
Top hedge funds post biggest gains in at least a decade (FT.com - Financial Markets)
IMF dials down optimism in latest global economic forecast (MarketWatch Breaking News)
NYTimes BusinessJan 17, 2020
Three U.S. Airports to Check Passengers for a Deadly Chinese Coronavirus
Passengers from Wuhan, China, will be screened at J.F.K. beginning Friday night, and in San Francisco and Los Angeles starting on Saturday.

MarketWatch MarketPulseJan 17, 2020
Boeing likely to take 'substantial charge' on 737 Max: analyst
Boeing Co. is likely to take a "substantial charge" in the fourth quarter to account for the mounting costs of its 737 Max debacle, analysts at Canaccord Genuity said in a note Friday. The analysts, led by Ken Herbert, lowered their price target on the stock to $350 from $370 and also lowered their sales and profit estimates. The Max production ramp could be slower once the plane returns to the skies, they added. The 737 Max has been grounded worldwide since March following two deadly crashes connected to a faulty anti-stall system, and its return-to-service date has stretched for months. "We are surprised the stock has held up as well as it has considering the company is perhaps facing the most severe crisis in its 100- year history, but we continue to see the financial risk as not fully reflected in the stock," the Canaccord analysts said. Shares of Boeing have dropped 8% in the past 12 months, contrasting with advances of 26% and 20% for the S&P 500 index and the Dow Jones Industrial Average .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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