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Yahoo BusinessNov 20, 2019
Trump's ‘America First' Tensions Exposed as Defense Secretary Ends Asia Trip
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The tension between bolstering U.S. alliances while pursuing an "America First" foreign policy tripped up Defense Secretary Mark Esper on a tour through Asia -- while still leaving the Pentagon chief exposed to Washington politics thousands of miles away.Over the course of a week, Esper had the unenviable job of pressing South Korea and Japan to spend vastly more money to host U.S. troops, rescuing a soon-to-expire intelligence pact between the Asian allies and extending an olive branch to the notoriously fickle North Korean regime as a year-end deadline for nuclear talks seems all but dead.It was rough going.Esper landed in Seoul with Trump demanding South Korea pay about $5 billion for the privilege of hosting U.S. troops, a 400% increase from current levels. Similar demands last year cratered discussions between the two countries and threatened to divide the allies just as they were trying to present a united front against North Korea's nuclear program."Korea is a wealthy country, and could and should pay more to offset the cost of defense," Esper said Friday, a message he reiterated days later in Manila. It's an argument the Trump administration has made to allies around the world, but in Asia it failed.Negotiations broke down soon after Esper left Seoul, with the U.S. side saying it cut talks short because the South Koreans "were not responsive" to Ameri

Yahoo BusinessNov 20, 2019
AI Poised to Impact High-Skill U.S. Jobs Including Finance, Tech
(Bloomberg) -- Artificial intelligence is coming for America's high-paid professions as it creates winners and losers across the labor market like never before.White-collar jobs and better-educated occupations along with production workers are among the most susceptible to AI's spread into the economy, according to a Brookings Institution report Wednesday that draws on a new analysis of patent data by a Stanford University economist."Just as the impacts of robotics and software tend to be sizable and negative on exposed middle- and low-skill occupations, so AI's inroads are projected to negatively impact higher-skill occupations," researchers Mark Muro, Jacob Whiton and Robert Maxim wrote. Workers with graduate or professional degrees will be almost four times as exposed to AI as workers with just a high school degree, the report showed.The researchers also concluded that AI appears most likely to affect men, prime-age and white and Asian American workers. Business, finance, and technology will be more exposed, along with natural resource and production industries, they found. Farming, one of humanity's earliest jobs, may also be affected by AI as drones and precision agriculture help boost productivity. Farming, fishing and forestry had the top exposure score of any occupational group.The paper is the latest in a growing body of research on how labor markets may be upended by AI, the algorithms that can learn to handle tasks by finding statistical patterns in data rather than by following directions f

Yahoo BusinessNov 19, 2019
3 "Strong Buy" Stocks That Are Heavily Discounted
Buy low, and sell high. That's old wisdom, but it's stayed with us through the ages because it's a sure way to grow your money. In the stock market, of course, buying low is the easy part. There are plenty stocks out there priced at a discount - sometimes by the company's design, sometimes by the vagaries of economic life. In either case, the real trick to investing is finding the discounted stocks that are primed for strong growth - those are the ones that will bring in profitable returns.We've used TipRanks' Stock Screener to sort through more than 6,300 publicly traded companies, and picked a profile for mid-cap stocks primed to gain: a high upside and Strong Buy consensus rating, but combined with recent losses that have left each of them trading well below peak price. Let's dive in.Cimarex Energy Company (XEC)Starting in the energy sector, Cimarex is a hydrocarbon exploration company based out of Denver, Colorado. The company engages in oil and gas exploration and drilling in Oklahoma, Texas, and New Mexico. Cimarex controls over 591 million barrels oil equivalent, of which 45% is natural gas and the rest is split between natural gas liquid and petroleum. Last year, Cimarex average production stood at 222,000 barrels of oil equivalent per day.Oil and gas bring in serious money, and even a small industry player like Cimarex sees nearly $2 billion in annual revenue and $490 million in net profits. In the Q3 earnings report released earlier this month, with EPS, at 91 cents, missing the forecasts, while the revenues of $582 million bea

SEC.gov Updates: News DigestNov 19, 2019
4 - ACTON ELIZABETH S (0001202718) (Reporting)
2019-11-19 0000915840-19-000071 9 KB

Reuters BusinessNov 19, 2019
Beijing tariff demands may expand U.S.-China 'phase one' trade deal significantly
A "phase one" trade deal between the United States and China was supposed to be a limited agreement that would allow leaders from both countries to claim an easy victory while soothing financial markets.

MarketWatch MarketPulseNov 19, 2019
Fed, FDIC approve merger of BB&T, SunTrust banks
BB&T Corp. and SunTrust Banks Inc. received the go-ahead for their $28 billion merger Tuesday from the Federal Reserve's board of governors and the Federal Deposit Insurance Corporation. The merger of regional banks, which is expected to close on Dec. 6, will create the nation's sixth-largest commercial bank, serving about 10 million U.S. customers. The combined bank will be called Truist Financial Corp. "We are pleased to have received regulatory approval to merge two strong companies with complementary business models and a high level of cultural alignment," BB&T CEO Kelly King said in a statement. "We'll be even better together for our clients, teammates, communities and shareholders." But the Fed also slapped SunTrust with an enforcement action for unfair and deceptive practices regarding customer fees between 2013 and 2017, which BB&T said the combined bank will comply with.

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.



Yahoo BusinessNov 19, 2019
UPDATE 1-Qualcomm expects 5G phone sales to double in 2021
Qualcomm Inc expects global smartphone makers to ship 450 million 5G handsets in 2021 and another 750 million in 2022, the world's largest supplier of mobile phone chips said on Tuesday. Qualcomm said 5G adoption will be faster than 4G due to the timing of commercialization of the technology in China and availability of chipsets across different price tiers. Going by Qualcomm's previous forecast of a range between 175 million and 225 million 5G devices for next year, the 2021 forecast suggests 125% growth from the midpoint of the 2020 outlook.


Google Business NewsNov 19, 2019
SunTrust merger with BB&T receives regulator OK - Atlanta Journal Constitution
SunTrust merger with BB&T receives regulator OK  Atlanta Journal ConstitutionFed approves merger between BB&T, SunTrust Banks Analysts have said such a tie-up has been  msnNOWFederal Reserve approves merger of BB&T, SunTrust banks  WRAL.comBB&T, SunTrust deal receives final approval from regulators for $66 billion merger  Charlotte Observer
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