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Global Stocks Rise To 1.5 Year High After Chinese Intervention Halts Dollar Rally

Global Stocks Rise To 1.5 Year High After Chinese Intervention Halts Dollar Rally

Asian stocks rose, led by Hong Kong, while European shares and U.S. equity-index futures are little changed. Euro, yen climb as the dollar posted an unexpected loss following some serious fireworks out of China, which intervened in funding market to crush offshore Yuan shorts.

Top news stories include Macy’s and Kohl’s cutting their outlook after weak holiday season, Deutsche Bank exploring lending money to PE firms buying distressed loans, Apple planning to invest $1b in SoftBank’s new technology fund.

SoftBank Vision Fund Reaches $100BN As Apple, Oracle and Qualcomm Make Investments

Back in October, Masayoshi Son, Chairman & CEO of SoftBank Group Corp., announced the creation of the SoftBank Vision Fund, a UK-based technology fund, with a $45 billion capital commitment form the Public Investment Fund of the Kingdom of Saudi Arabia.  The initial press release for the Vision Fund announced the company expected to invest at least $25 billion over the next 5 years and said that overall funding could reach $100 billion. 

The Coming Crackdown On Free Speech

The Coming Crackdown On Free Speech

Submitted by Simon Black via SovereignMan.com,

It’s amazing what can happen in a week.

Before this publication went on hiatus last week, one of the last letters I wrote to you in 2016 was about the National Defense Authorization Act and its treasure trove of freedom-killing provisions.

Section 1287, for example, creates a new agency called the “Global Engagement Center”, aka Ministry of Truth.

It has one purpose: to combat fake news.

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