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 Asian stock markets were mostly lower Monday after Wall Street declined for a third week and Britain reported a rise in coronavirus infections.
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Fed tamed the chaos in March but must take further action to buttress future solidity
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U.S. stock futures slipped early Monday morning as the market tried to bounce back from its longest weekly losing streak in about a year.
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 (Bloomberg) -- ByteDance Ltd. emphasized it will remain in control of a hived-off TikTok Global business, appearing to contradict President Donald Trump's statements about how the new entity will be directed by Americans and pay an unusual $5 billion fee to the U.S. government.The world's most valuable startup sought to play down speculation it's giving up control of valuable Chinese technology and assets after striking a deal with Oracle Corp. and Walmart Inc. to create TikTok Global. ByteDance will retain full control of its prized social media algorithms and allow Oracle only limited access to view source code for "safety" purposes, the company said in a statement posted to its domestic news service Toutiao Monday.Walmart Chief Executive Officer Doug McMillon will join TikTok's board. But ByteDance founder Zhang Yiming and the Chinese company's current directors -- which include Sequoia China's Neil Shen and General Atlantic's William Ford -- will reprise their roles. The statement made no mention of Oracle getting a seat, even though ByteDance said Larry Ellison's company is slated to own 12.5% after a round of funding before TikTok Global goes public within a year. Walmart and Oracle have said American citizens will take up four of the five board seats for TikTok Global.In a blog post entitled "clarifying groundless rumors about TikTok," ByteDance contested Trump's assertions his government will get $5 billion as part of the deal. It said that figure was just an estimate of the amount
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Microsoft co-founder Bill Gates explained to "Fox News Sunday" host Chris Wallace how President Trump's travel restrictions failed to have the desired impact.
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 Judge agrees to delay U.S. restrictions on Chinese messaging app WeChat
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 (Bloomberg) -- The dollar began Monday on the back foot after weakening last week, while U.S. stock futures fluctuated and Asian equities drifted on subdued trading volumes impacted by a holiday in Japan. The offshore yuan edged higher.Shares advanced in Seoul as trade data showed a continuing recovery for the South Korean economy, while equities started the week flat in Hong Kong and Australia. HSBC Holdings Plc's shares fell to the lowest since 1995 in Hong Kong, echoing a decline in London on Friday.Japan's stock market was shut. The dollar edged lower against its main G-10 peers. Taiwan's dollar strengthened to a level not seen in seven years. Treasury futures were little changed, with cash bonds not trading until the London open due to the Japan holiday. Crude oil retreated.As U.S.-China tensions linger, President Donald Trump said he's approved Oracle Corp.'s bid for the U.S. operations of TikTok "in concept." The Trump administration's curbs on WeChat were put on hold by a judge, upending an effort to halt use of the Chinese-owned app in the U.S.Investors remain watchful for any signs of progress on a U.S. fiscal stimulus package, while Federal Reserve Chair Jerome Powell will testify before Congress from Tuesday to Thursday to discuss pandemic relief efforts. Covid-19 cases in the U.S. steadied as deaths approached 200,000 and over in the U.K., the Health Secretary said the country is at a "tipping point.""We do have concerns down the stretch about the markets reacting poorly to some of
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 Sep.20 -- Mayo Clinic Vaccine Research Group Director Gregory Poland discusses the timeline for a coronavirus vaccine. He speaks with Guy Johnson and Alix Steel on "Bloomberg Markets." September 17, 2020
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 (Bloomberg) -- A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is urging changes at miners as performance "continues to fall short" in some areas even as prices rise.In an open letter to the mining industry, prominent gold investors including money managers at Franklin Templeton, CI Investments and members of the Shareholders' Gold Council are targeting issues including executive compensation and directors who don't have enough skin in the game because they don't hold a meaningful amount of shares in the firms they represent. The signatories offered 16 suggestions to better align the interest of managers, boards and shareholders.Read the open letter the group of investors sent to gold miners.Gold has been on a record-setting tear as the pandemic threatens to derail global economic growth, sending investors on a flight to safe havens. That comes at a time when real yields are falling as governments unleash massive stimulus programs. Precious-metal miners have seen their shares skyrocket with a gauge of senior gold producers climbing almost 80% in the past year."Though the performance of gold mining stocks has been noteworthy recently, we believe that performance continues to fall short in the areas of corporate governance, alignment of incentives and strategic vision & communication with investors," the group said in the letter released Sunday. That was the first day of the Denver Gold Group's Americas conference, a key annual event for the indust
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Kendall was at company's helm for 2½ decades as it grew into a snack and drink juggernaut, introduced American cola to the U.S.S.R. and launched the ‘Pepsi Challenge.'
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