White House says no recession in sight, pushes China trade talks August 18, 2019
White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States.
Novartis executive sold shares before drug data manipulation made public August 18, 2019
An unnamed Novartis executive sold 925,400 Swiss francs ($946,000) worth of shares less than three weeks before the U.S. Food and Drug Administration (FDA) announced data from tests of its gene therapy Zolgensma had been manipulated.
U.S. whiskey exporters struggle after year of EU tariffs August 18, 2019
When Europe's tariffs on U.S. whiskey hit in June 2018, craft distillery Mountain Laurel Spirits LLC lost 10% of its sales overnight as its European distributor simply stopped buying its award-winning Dad's Hat Pennsylvania Rye Whiskey.
Ferrari will expand its lineup of road cars, but not too much August 18, 2019
Italian premium sports car maker Ferrari NV will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche's annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast.
Argentina Treasury minister resigns, says 'significant renewal' needed amid economic crisis August 17, 2019
Argentina´s Treasury Minister Nicolas Dujovne has resigned, saying in a letter seen by Reuters on Saturday he believed the government needed “significant renewal” in its economic team amid a crisis which saw the peso plunge this week.
Last orders: Rise of closing auctions stirs worries in European stock markets August 17, 2019
The final five minutes of trading have become the busiest time of day for stock market traders in Europe.
Sainsbury's says not talking to internal candidates for CEO succession August 17, 2019
Sainsbury's is not talking to internal candidates about succession plans to Chief Executive Officer Mike Coupe and he has the full support of company's shareholders and the board, a company spokesperson told Reuters late on Saturday.
Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers - sources August 17, 2019
The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.
SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ August 17, 2019
Japan's SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported https://on.wsj.com/307Ljih on Saturday, citing people familiar with the matter.
Standard Chartered faces fine for sanctions breaches: Sky News August 17, 2019
Banking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.

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Greg Blotnick, CFA – New York Society of Security Analysts (NYSSA)

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