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Stocks rise amid another day of volatile trading

U.S. stocks returned to the green in another volatile trading session for investors, after Trump says he would be “Proud” to shutdown the government if he doesn’t get a border wall. Plus, Cowen says Amazon stock could jump 40%. It’s our call of the day. And, where do you hide in this market? Veteran trader Lee Munson gives us the playbook. Plus, believe it or not, companies are leaving China because of its tariffs. We have the latest.

  • Finance
    Reuters

    MEG Energy cuts capital expenses to C$275 mln in 2019

    (Reuters) - Canadian oil sands producer MEG Energy Corp said on Tuesday it would halve its capital spending to a maximum of C$275 million ($206.33 million) this year amid a global supply glut. MEG, which fought off a hostile bid last week from bigger rival Husky Energy Inc , expects 2019 production

  • Global Stocks Fall, Bonds Rise as Risk Rally Flags: Markets Wrap
    Finance
    Bloomberg

    Global Stocks Fall, Bonds Rise as Risk Rally Flags: Markets Wrap

    Treasuries climbed and the yen strengthened. Futures on the S&P 500, Dow and Nasdaq all pointed to a softer open a day after American markets were shut for a holiday. The Stoxx Europe 600 Index dipped after Switzerland’s UBS Group AG delivered disappointing results.

  • Finance
    The Canadian Press

    Johnson & Johnson puts up strong profit and revenue in 4Q

    A big jump in prescription drug sales, particularly overseas, helped Johnson & Johnson swing to a large fourth-quarter profit after posting a huge loss a year ago, when it took a $13.6 billion charge related to the late-2017 U.S. tax overhaul.

  • MEG Energy looks to make changes after Husky drops hostile takeover attempt
    Finance
    The Canadian Press

    MEG Energy looks to make changes after Husky drops hostile takeover attempt

    CALGARY — MEG Energy Inc. is looking to make changes to its board of directors and restart a strategic review of its partial upgrading technology following Husky Energy Inc.'s decision to drop its hostile takeover offer for the company.The company says the board is evaluating its composition and

  • Huawei chairman says foreign officials welcome to see its labs
    Finance
    Reuters

    Huawei chairman says foreign officials welcome to see its labs

    Huawei Chairman Liang Hua said on Tuesday the company would allow foreign officials to visit its labs, as the Chinese company faces suspicion from Western countries that its telecoms equipment could be used for espionage. Liang told reporters at the World Economic Forum in Davos that Huawei followed

  • IMF pessimism + trade tensions = sickly stocks
    Finance
    Reuters

    IMF pessimism + trade tensions = sickly stocks

    The International Monetary Fund's warning of a darkening outlook on Monday after China's confirmation of its slowest growth rate in nearly 30 years and amid more head-scratching over Brexit continued to weigh on the mood. European shares had followed Asia into the red with disappointing earnings

  • Euro struggles on weak data, IMF growth forecast cuts
    Finance
    Reuters

    Euro struggles on weak data, IMF growth forecast cuts

    Morale among German investors improved slightly in January, but their assessment of the economy's current condition deteriorated to a four-year low, a survey showed on Tuesday, sending mixed signals for the growth outlook of Europe's largest economy. "The outlook for the euro has become

  • TSX futures down on lower oil prices
    Finance
    Reuters

    TSX futures down on lower oil prices

    (Reuters) - Futures for Canada's main stock index edged lower on Tuesday, as oil prices slipped on concerns over IMF's warning on slowing global economic growth. March futures on the S&P/TSX index were down 0.46 percent at 6:55 a.m. ET. Manufacturing sales and wholesale trade data for November

  • Hedge Fund Billionaire Griffin Buys $122 Million London Home
    Finance
    Bloomberg

    Hedge Fund Billionaire Griffin Buys $122 Million London Home

    Citadel LLC founder Griffin bought 3 Carlton Gardens, a 200-year-old home that overlooks St. James’s Park about half a mile from the Queen’s residence. The Georgian-era home built in the 1820s was redeveloped by property developer Mike Spink in a venture with Evans Randall Investors. Griffin, who has

  • China demands U.S. withdraw request for Canada to extradite Huawei executive
    Finance
    The Canadian Press

    China demands U.S. withdraw request for Canada to extradite Huawei executive

    BEIJING — China issued fresh demands Tuesday that the U.S. abandon its request that Canada extradite a senior telecom executive who was detained in Vancouver last month, turning its attention to the States in the ongoing diplomatic spat.Foreign Ministry spokeswoman Hua Chunying said in Beijing that Meng

  • Oil drops nearly 2 percent as China slowdown bites
    Finance
    Reuters

    Oil drops nearly 2 percent as China slowdown bites

    The gloomy news from the world's second-largest economy and top oil importer pulled down financial markets across Asia. International Brent oil futures were down $1.23, or 1.96 percent, at $61.51 a barrel by 1205 GMT. U.S. West Texas Intermediate (WTI) crude futures were down $1 at $52.80.

  • Lebanese Default Risk Prompts Moody's Downgrade Deeper Into Junk
    Finance
    Bloomberg

    Lebanese Default Risk Prompts Moody's Downgrade Deeper Into Junk

    Moody’s Investors Service lowered the country’s credit score one step to Caa1, seven levels below investment grade and on par with countries including Gabon, Zambia and Iraq. Eight months on from an election, Lebanon remains without a government and with billions of dollars in aid untapped as sectarian

  • Finance
    The Canadian Press

    World shares retreat on fears of global, Chinese slowdown

    SINGAPORE — World markets fell Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020 and China said its economy grew at the slowest pace in nearly 30 years.KEEPING SCORE: Germany's DAX gave up 0.5 per cent to 11,076 and France's CAC 40 was down 0.7 per cent

  • Finance
    Bloomberg

    Two Gulf Banks Close to Deciding on Mega Merger

    (Bloomberg) -- Kuwait Finance House and Bahrain’s Ahli United Bank BSC’s boards will meet this week to consider valuation reports on a potential merger, a deal that would create the Gulf’s sixth-biggest lender with $92 billion in assets.

  • Finance
    The Canadian Press

    The Latest: Chinese economy 'certain' to cool in 2019

    DAVOS, Switzerland — The Latest on the World Economic Forum in Davos, Switzerland (all times local):1:10 p.m.A top financial regulator in China says it's "certain" that the Chinese economy will slow further this year — but that's largely due to a "much-needed" cooling of the

  • Johnson & Johnson 2019 revenue forecast misses expectations
    Finance
    Reuters

    Johnson & Johnson 2019 revenue forecast misses expectations

    (Reuters) - Johnson & Johnson on Tuesday forecast 2019 sales that fell short of analysts' estimates after reporting better-than- expected fourth-quarter profit and revenue. The company said it expects 2019 sales in the range of $80.4 billion to $81.2 billion, compared with the average analyst estimate

  • EU fines Mastercard 570 million euros over cross-border barriers
    Finance
    Reuters

    EU fines Mastercard 570 million euros over cross-border barriers

    The European Commission said on Tuesday it had fined Mastercard 570.6 million euros ($648.3 million) for limiting the possibility for merchants to benefit from better conditions offered by banks elsewhere in the European Union. The Commission granted Mastercard a 10 percent fine reduction for cooperating

  • Finance
    Bloomberg

    Billionaire Quandt's Legacy Lures Rich Investors to Spa Town

    Visitors to HQ Trust in Bad Homburg are quickly introduced to the most famous family member, Harald Quandt. The wealth betrayed by the art throughout this otherwise inconspicuous ensemble of buildings has attracted some 100 families since the Quants in 2007 decided to offer other rich families the chance

  • Bull Market's Trillion-Dollar Dividend Ride Comes Back to Earth
    Finance
    Bloomberg

    Bull Market's Trillion-Dollar Dividend Ride Comes Back to Earth

    In October, Anheuser-Busch InBev NV halved its dividend after the world’s largest brewer confronted mounting fears over a $109 billion debt burden. Just days later, General Electric Co. slashed quarterly payments to a penny a share in a dramatic bid by the leverage-laden behemoth to bolster its balance

  • Finance
    The Canadian Press

    The Latest: South Africa considers 'bailout' for Zimbabwe

    HARARE, Zimbabwe — The Latest on Zimbabwe's deadly unrest (all times local):1:45 p.m.South Africa says it is considering a bailout for neighbouring Zimbabwe "as long as it is affordable for our side."Foreign Minister Lindiwe Sisulu says she is meeting with her Zimbabwe counterpart at the

  • We're yet to see the full impact of US shale on oil markets, IEA director says
    Finance
    CNBC

    We're yet to see the full impact of US shale on oil markets, IEA director says

    Fatih Birol, the executive director at the International Energy Agency, said energy prices in 2019 will be kept low by a big increase in output from the U.S. Permian Basin.

  • Dalio Aligned With Davos View That Fed Has to Rethink Tightening
    Finance
    Bloomberg

    Dalio Aligned With Davos View That Fed Has to Rethink Tightening

    The Federal Reserve and other major central banks are right to rethink their plans to tighten monetary policy in 2019 as global growth slows, according to the investors and former policy makers attending the Davos summit. As the World Economic Forum’s annual meeting got underway on Tuesday, billionaire

  • Jupiter’s Leadership Pounce Is No Game-Changer
    Finance
    Bloomberg

    Jupiter’s Leadership Pounce Is No Game-Changer

    Formica engineered Henderson’s merger with Janus Capital in 2017, and was co-CEO of the merged Janus Henderson Group Plc until he was unceremoniously ditched at the end of July. Jupiter clearly decided Formica was a prize it couldn’t afford to miss.

  • Finance
    Bloomberg

    Let People Share DNA With a Click

    (Bloomberg Opinion) -- The medical world is obsessed with privacy, and this is often a good thing: Patients don’t want personal information about their health to be shared without their permission. The world of research, in contrast, likes sharing: Scientists want everyone — especially other scientists

  • Morning Brief: The World Economic Forum in Davos kicks off
    Finance
    Yahoo Finance

    Morning Brief: The World Economic Forum in Davos kicks off

    Top news and what to watch in the markets on Tuesday, January 22, 2019.