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Sat, Dec 14th, 2019
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Stocks Retreat from Record Highs as Trade Uncertainties Remain
by cmdtyNewswires - Fri Dec 13, 3:40PM CST
The S&P 500 Index ($SPX) on Friday closed up +0.01%, the Dow Jones Industrials Index ($DOWI) closed up +0.01%, and the Nasdaq 100 Index ($IUXX) closed up +0.25%.
U.S. stock indexes rallied to fresh record highs Friday but settled only slightly higher as prices whipsawed on conflicting trade headlines and weaker-than-expected U.S. economic data.
U.S. stock indexes jumped to new all-time highs on positive trade news after China Vice Commerce Minister Wang Shouwen on Friday morning confirmed that China and the U.S. agreed on the text of a phase one trade deal, which will see removal of tariffs on Chinese goods in stages. However, stocks whipsawed lower after President Trump said that while the U.S. will scrap the new tariff on Chinese goods scheduled for Dec 15, the existing 25% tariff will remain in place. The status of other tariffs remains unclear. Also, Chinese officials failed to specify volume targets for purchases of U.S. agricultural goods, although they pledged t... Read more
Santa Monica hotel built without permits can remain open
LOS ANGELES (AP) — A Santa Monica beachfront hotel built without proper permits and fined nearly $15.6 million will be allowed to remain open.
AP - Sat Dec 14, 12:21AM CST
Iowa Democrats worry 'Medicare for All' hurts key industry
DES MOINES, Iowa (AP) — Kim Motl doesn’t work in the health insurance industry. But her friends and neighbors do. So when she saw Sen. Elizabeth Warren recently in Fort Dodge, Iowa, Motl pressed the Democratic presidential candidate about her “Medicare for All” plan, which would replace private insurance with a government-run system.
Alexandra Jaffe - AP - Fri Dec 13, 11:56PM CST
California governor rejects $13.5 billion PG&E settlement
SAN FRANCISCO (AP) — California Gov. Gavin Newsom has rejected a $13.5 billion settlement that Pacific Gas & Electric struck just last week with thousands of people who lost homes, businesses and family members in a series of devastating fires that drove the nation's largest utility into bankruptcy.
Michael Liedtke - AP - Fri Dec 13, 11:22PM CST
Justices to take up dispute over subpoenas for Trump records
WASHINGTON (AP) — The Supreme Court said Friday it will hear President Donald Trump's pleas to keep his tax, bank and financial records private, a major confrontation between the president and Congress that also could affect the 2020 presidential campaign.
Mark Sherman - AP - Fri Dec 13, 11:17PM CST
State mounts largest crackdown on illegal pot shops in LA
LOS ANGELES (AP) — California regulators mounted dozens of raids against illegal marijuana retailers in Los Angeles this week, the largest crackdown to date against the city's thriving black market, officials announced Friday.
Associated Press - Fri Dec 13, 6:12PM CST Swarovski crystals, $900 cabernet and a Buttigieg fundraiser
WASHINGTON (AP) — The Hall Rutherford wine caves in the hills of California's Napa Valley boast a chandelier with 1,500 Swarovski crystals, an onyx banquet table to reflect its luminescence and bottles of cabernet sauvignon that sell for as much as $900.
Associated Press - Fri Dec 13, 6:10PM CST Sectors sorted by Daily Weighted Alpha Change
