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Yahoo BusinessOct 17, 2019
Perry Says Trump Asked Him to Call Giuliani: Impeachment Update
(Bloomberg) -- Michael McKinley, a senior adviser to Secretary of State Michael Pompeo until resigning the post last week, testified Wednesday before three committees leading the House impeachment investigation against President Donald Trump.Here are the latest developments:Perry Says Trump Asked Him to Contact Giuliani (9:20 p.m.)Energy Secretary Rick Perry said that Trump asked him to contact Rudy Giuliani to discuss corruption in Ukraine, according to a report published Wednesday night.Perry told the Wall Street Journal that he reached out to Giuliani, Trump's personal lawyer and the former mayor of New York, to help arrange a meeting with Ukraine's top energy official. He added that neither the president nor his aides raised the issue of an investigation of Joe Biden and his son Hunter.Giuliani confirmed to the Journal a telephone conversation with Perry that occurred shortly after the inauguration of Ukrainian President Volodymyr Zelenskiy. Perry told the Journal that he called Giuliani for a clearer picture of Trump's concerns on Ukraine.On Tuesday, a senior State Department official told House impeachment investigators that the White House had designated a three-person team -- Perry, then-Special Envoy to Ukraine Kurt Volker, and Ambassador to the European Union Gordon Sondland -- to bypass formal U.S.-Ukraine policy. Sondland is scheduled to testify in the impeachment inquiry on Thursday.Trial Could End By Holidays, Senator Says (6:01 p.m.)Republican senators discussed the possibility of finishing

Yahoo BusinessOct 17, 2019
China Threatens to Retaliate If U.S. Enacts Hong Kong Bill
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China threatened unspecified "strong countermeasures" if the U.S. Congress enacts legislation supporting Hong Kong protesters, in a sign of the deepening strain between the world's two largest economies as they attempt to seal a trade deal.China's foreign ministry issued the warning Wednesday after the U.S. House passed a package of measures backing a pro-democracy movement that has rocked the former British colony for more than four months. Among them was the Hong Kong Human Rights and Democracy Act, which subjects the city's special U.S. trading status to annual reviews and provides for sanctions against officials deemed responsible for undermining its "fundamental freedoms and autonomy."QuickTake: How the U.S. Congress Is Riling China on Hong KongWhile the legislation must also pass the U.S. Senate and be signed by President Donald Trump to become law, it already has strong bipartisan support in the Republican-run upper chamber. The Hong Kong measures were passed by the Democrat-controlled House by unanimous voice votes Tuesday.Chinese Ministry of Foreign Affairs spokesman Geng Shuang warned American lawmakers to stop meddling in China's internal affairs "before falling off the edge of the cliff," without specifying how it would retaliate. The House action "fully exposes the shocking hypocrisy of some in the U.S. on human rights and democracy and their malicious intention to undermine Hong Ko

Yahoo BusinessOct 16, 2019
Here's Why Electronic Arts Stock has Upside to $100 in 2020
After starting off the year red hot, shares of video game publisher Electronic Arts (NASDAQ:EA) have gone nowhere over the past eight months, bouncing between $90 and $100 with no net gain. The culprit behind the sideways trading in EA stock? Sluggish global video game sales trends, and a tapering of interest related to the company's free-to-play, battle royal franchise Apex Legends.Source: Rick Neves / Shutterstock.com But sluggish video game trends will reverse course in 2020 as new consoles release, and Apex Legends has an opportunity to regain lost interest with new season launches and some game-play modifications.Does that mean EA stock will stop trading sideways, and start heading higher in 2020? Yes. The fundamentals say that EA stock will trade north of $100 by the end of fiscal 2020, and the optics imply that the rally in EA stock could get started later this year with the launch of a new Star Wars game.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe investment implication? Buy EA stock on weakness ahead of the Star Wars game launch next month, and hold for upside to $100-plus levels in 2020. Fundamentals Say EA Stock Will Top $100Zooming out, the big picture, long-term fundamentals here imply that EA stock will drive towards $100-plus prices within the next 12 months. * 10 Best Cloud Growth Stocks Right Now That big picture logic is pretty simple. The video game industry is a secular growth one, supported by favorable underlying tailwinds such as the digital consumpti

MarketWatchOct 16, 2019
Asia Markets: Asian markets mixed as U.S.-China trade deal needs more time
Asian markets were mixed in early trading Thursday amid a report that there's still a ways to go before the U.S. and China finalize a "phase one" limited trade deal.

CNBC FinanceOct 16, 2019
Here's what happened to the stock market on Wednesday
Disappointing U.S. retail sales data offset strong earnings to push the major stock indexes lower.
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