Markets Hit By “Perfect Storm” As Stocks Slide On Surge In New Coronavirus Cases, Deaths | ZeroHedge

The result has been a sharp drop in US equity futures and global stock prices, as it raised fresh questions about the scale of the crisis and more importantly, how long it will take China to truly contain the pandemic, even as markets had taken comfort from the World Health Organization’s emergency program head describing the apparent slowdown in the epidemic’s spread as “very reassuring”.

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UK economy stagnates with no growth in last quarter of 2019 | Independent

The UK economy stalled in the final quarter of 2019, with no growth at all on the previous three months as political uncertainty gripped the country.

Gross domestic product (GDP) remained flat between October and the end of December, down from a rise of 0.5 per cent in the third quarter, the Office for National Statistics (ONS) said. 

It means the economy grew 1.4 per cent across 2019, up slightly from the previous year but still one of the slowest rates of growth since the 2008 financial crisis.

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The Great War of Stocks and Bonds | Daily Reckoning

Two options rise before us this day… Option 1: The stock market is right. Option 2: The bond market is right. The stock market is cheery and confident. It presently goes at record heights… and bursts with belief in a superior tomorrow.

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Tesla seeks to raise $2 billion through stock offering | Reuters

Tesla Inc said on Thursday it plans to raise $2 billion by selling shares through a public offering. Chief Executive Officer Elon Musk will buy up to $10 million in shares, while board member and Oracle co-founder Larry Ellison will purchase $1 million worth Tesla shares.

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Google gets the green light for $2.6bn Looker acquisition

Google today completed its $2.6bn (£2bn) acquisition of analytics firm Looker after the deal was approved by the competition watchdog.

The Competition and Markets Authority (CMA) opened an investigation into the merger in December amid concerns it could damage competition in the UK’s cloud computing market.

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Just 5 Stocks Account for 20% of the S&P 500 | Mish Talk

Dave Rosenberg had an interesting set of observations in today’s Breakfast with Dave. Click here to explore his observations and learn Market Caps.

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Mortgage Delinquencies Decrease in Fourth Quarter of 2019 | CalculatedRISK 

The delinquency rate for mortgage loans on one-to-four unit residential properties decreased to a seasonally adjusted rate of 3.77 percent of all loans outstanding at the end of the fourth quarter of 2019.

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AngloGold leaves SA – more than 100 years after the Oppenheimer empire was founded in local gold mining Business Insider

Mining company AngloGold Ashanti has sold the last of its South African businesses, in a R4.4 billion transaction with Harmony.

The deal, announced this week, brings to a close the long history the firm, and its predecessors, has had in South Africa.

AngloGold has its roots in multinational mining company Anglo American, started by Ernest Oppenheimer in 1917. At its prime, the company was one of the world’s leading gold miners.

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