WEEK 7 – Links to News concerning Markets, Economy, Industry and Commodities

Just when media and pretty much everybody else have last week been rabbiting about Trump being crazy – stocks reach new highs as steady advance continues. Barely a minute passes without a new article popping up on CNN about the latest scandals and undertakings of Trump. Media continues to be obsessed about Trump. It looks chronical.

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Quote of the week: ‘It’s not easy to break into or be successful… Success stories all revolve around extreme passion’ -Suzie Wokabi

Just when media and pretty much everybody else have last week been rabbiting about Trump being crazy – stocks reach new highs as steady advance continues. Barely a minute passes without a new article popping up on CNN about the latest scandals and undertakings of Trump. Media continues to be obsessed about Trump. It looks chronical.

With a false confidence that impressed even me, European Central bank (ECB) President Mario Draghi warned that Donald Trump’s current review of rules that could lead to deregulating the banking industry might sow the seeds of the next global financial crisis. Major European stock indexes ended the week higher, with earnings results from key companies helping to fuel gains.

Just when I thought things were starting to get interesting, The Wall Street Journal reported on Monday that the large-cap Standard & Poor’s 500 Index had gone 34 trading days without a daily swing of over 1%, the longest run of its kind in over two decades.

Here’s my picks for the week…Enjoy!

* The Most Powerful Brands In 2017

>Brand Finance’s most powerful brands ranking is calculated based on three criteria. The first is “equity”—through surveys, consumers answer questions like which brands they prefer and intend to purchase. The second dimension, “brand input,” measures how much money brands spend on marketing. The last piece, “output,” looks at a company’s profit margins and prices.

 

* Zuckerberg: My Facebook manifesto to re-boot globalisation – BBC News

>”People had been left behind by global growth, sparking demands to “withdraw” from the “connected world”.

In a call to action, Zuckerberg said people must not “sit around and be upset”, but act to build “social infrastructures”.

“When I started Facebook, the mission of connecting the world was not controversial,” he told.

 

* Samsung heir Lee Jae-yong arrested in South Korea

> Samsung’s heir Lee Jae-yong has been placed under arrest in South Korea, and is accused of bribery and other charges.

 

*  Jared Kushner Complained about CNN to Time Warner

> Kushner complained about CNN’s coverage of the US Administration during a meeting with a senior executive from the news network’s parent company.  The Journal reports that Kushner also brought up what he alleges to be CNN’s anti-Trump angle in its coverage with others in the Time Warner leadership, including Jeff Zucker, CNN Worldwide’s president.

 

* Asia shares ease after run of gains; oil lifted by OPEC cut extension hopes

> Optimism over possible renewed supply cuts by OPEC lifted oil prices …

 

* ‘I’m not ranting and raving.’ Trump on defensive in first solo news conference

> “The press is out of control,” he said. “The level of dishonesty is out of control”.

 

* Theranos, with no material revenue for 2 years, said to be down to its last $200 million

> Any large, unplanned expense could cripple the diagnostic firm, which once sought to profit from the medical lab business by offering cheap tests done on small samples of blood.

 

* For Winning Bets in Europe, Look to China

> Shares of European companies with the closest links to the Chinese economy have significantly outperformed their peers…

 

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