BlackRock is bullish on Asian telecom for 2020, says it bought stocks it had 'not touched in years'

Turning the spotlight on the sector in its outlook report for 2020, BlackRock's head of global emerging markets equities Andrew Swan wrote: "We have bought telecom stocks we had not touched in years." Swan says, "A typical BlackRock Asian equity portfolio exposure to telecom is now in the high single digits." "In this environment Telecom stocks provide earnings resilience especially […]

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United orders 50 new Airbus long-range jets to replace Boeing 757s

CHICAGO (Reuters) – United Airlines Holdings Inc (UAL.O) said on Tuesday it has ordered 50 of Airbus SE’s (AIR.PA) long-range A321XLR jets to replace 53 Boeing 757s beginning in 2024, becoming the latest U.S. airline to ink a deal for the European planemaker’s newest passenger jet. United is still open to ordering a potential new twin-aisle plane from Boeing Co […]

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Tesla Unveils Cybertruck

Luxury electric car maker Tesla has launched its much awaited new electric pickup Cybertruck. Tesla CEO Elon Musk unveiled the vehicle in front of invited guests at the Tesla Design Center in California. Cybertruck, which is designed to have the utility of a truck and the performance of a sports car, is made of cold-rolled stainless steel. The company offers […]

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Treasury yields move higher ahead of jobless numbers and the Fed's Beige Book

President Donald Trump said Tuesday that a deal with Beijing is in the "final throes." The Federal Reserve's Beige Book is also set to be released at 2 p.m. on Wednesday. The U.S. Treasury is set to auction $50 billion in four-week bills, $40 billion in eight-week bills and $32 billion in seven-year notes. U.S. government debt prices were slightly lower […]

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Buttigieg proposes long-term care benefits for older Americans, protecting Social Security 'forever'

Buttigieg receives frontrunner treatment at 5th Democratic debate Political analyst Ron Meyer and liberal analyst Cathy Areu react to the fifth Democratic debate. Presidential candidate Pete Buttigieg on Monday rolled out a plan to “promote dignity and security in retirement” through additional regular payments to older Americans, along with imposing a payroll tax on the wealthiest Americans to “protect Social Security forever.” The South Bend, […]

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Tunnel to Towers CEO: Taking care of Gold Star families 'should be our contract with America'

Tunnel to Towers hopes to pay off Gold Star family’s mortgage by Christmas Tunnel to Towers CEO Frank Siller and the Bonacasa family sit down with ‘America’s Newsroom’ on Veterans Day. In honor of Veterans Day, a Gold Star family appeared on “America’s Newsroom” on Monday to express gratitude for being supported by Tunnel to Towers, an organization that pays […]

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Uber’s Latin American stronghold pursued by SoftBank-funded rivals

MEXICO CITY (Reuters) – Latin America, long a safe haven for Uber, was the biggest weak spot in the money-losing company’s latest financial results, registering just 2% growth, the worst of any region. The main culprit: Didi Chuxing, the Chinese ride-hailing behemoth that has grown rapidly in Latin America. Both Uber and Didi are backed by the same investor – […]

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