Futures News 

Dow futures point to a lower open as trade, political concerns linger

“On Friday, Wall Street closed lower on the back of concerns over the ongoing trade war and slower economic growth concerns” writes Silvia Amaro for cnbc.com. There are no major economic reports scheduled on Monday.U.S. stock index futures were lower Monday morning, as investors monitored trade talks and political developments.ET, Dow futures slipped 31 points, indicating a negative open of more than 32 points.The sentiment has continued onto Monday, ahead of further trade meetings between the U.S. and the Chinese administrations later this week. Source: cnbc.com

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News 

Feds take over pensions for Sears, Kmart workers

“The agency plans to terminate the pension plans as of the end of the month and will assume responsibility for their obligations when either Sears agrees or a court orders it” reports washingtonexaminer.com. The Pension Benefit Guarantee Corporation, the federal agency charged with protecting retirement income, announced Friday that it would take over the pension programs for workers for the Sears Holding Corporation, which includes the iconic retailer and its subsidiaries like Kmart.”PBGC is stepping in to become responsible for the company’s two pension plans because it is clear that…

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Crypto News Stocks 

Wyoming Introduces Bill Permitting Tokenization of Stocks

“As Cointelegraph recently reported, Wyoming passed two new house bills that aim to foster a regulatory environment conducive to cryptocurrency and blockchain innovation” writes Adrian Zmudzinski for cointelegraph.com. A bill allowing corporations to issue blockchain-based tokens that represent stocks was introduced in Wyoming on Jan. 16, according to the official state legislature site.The current draft of the bill states: “The articles of incorporation or bylaws of a corporation may specify that all or a portion of the shares of the corporation may be represented by share certificates in the form…

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Markets News 

State-owned media is pitching China’s latest hypersonic missiles and laser weapons to the global arms market

“In addition to CASIC, other state-owned defense conglomerates are ready to take their laser weapon systems to market, although science has it’s doubters” writes Christian Edwards for businessinsider.com. The laser gun can be deployed with close-in weapons systems and air-defense missiles to form a defensive network free of blind spots, CASIC claims. Source: businessinsider.com

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Crypto News 

Nigerian Banking Regulator Warns Bitcoin’s Disintermediation Is a ‘Critical Concern’

“The director and chief executive of the Nigeria Deposit Insurance Corporation (NDIC) has expressed concerns about cryptocurrencies and disintermediation, English-language Nigerian news outlet The Sun reported Dec. 12” writes Adrian Zmudzinski for cointelegraph.com. Adikwu Igoche, an NDIC executive, said that cryptocurrencies are not authorized by Nigeria’s Central Bank and consequently aren’t insured by them.This corporation has a supervisory role over insured banks and it reports to the Nigerian Federal Ministry of Finance.As Cointelegraph reported in November, the presidential candidate of Nigeria’s leading opposition party has promised legitimizing crypto and blockchain…

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News 

‘Safe’ 15 mph zones would be worse for the environment than higher speeds, campaigners warn

“Plans to introduce ‘safer’ 15mph zones on major city roads would be worse for the environment than higher speeds, motoring campaigners warned” writes Ben Lawrence for telegraph.co.uk. The corporation, which governs the City of London, suggested a city-wide 15mph restriction could help “eliminate” deaths on the streets by encouraging motorists to show safer behaviours behind the wheel.The Department for Transport would have to approve any 15mph restriction, thought to be the first of its kind on city centre roads, which the corporation said it wants to adopt by 2022. Source: telegraph.co.uk

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News Stocks 

So-called ‘Frack Master’ to pay $23.8 million to SEC, sentenced to 12 years in prison

“Faulkner lied to investors about his experience, the drilling-cost estimates for the prospects, and the use of their invested funds” writes Francine Mckenna for marketwatch.com. The scheme raised more than $80 million from hundreds of investors nationwide.Faulkner simultaneously entered into a plea agreement for the criminal charges related to the scheme and will serve 12 years in federal prison for securities fraud, money laundering, and tax evasion.Faulkner will also be barred from serving as an officer or director of any SEC-reporting company and from participating in any offering of a…

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News 

IIROC approves CVC acquisition of OANDA Corporation

“The purchase marked the first acquisition OANDA has made since being bought by CVC Capital Partners (CVC) Asia Fund IV. GFM is the first in a number of strategic acquisitions that OANDA is looking to complete in the next 18 months following the change of ownership” reports financefeeds.com. On Tuesday, October 16th, the Investment Industry Regulatory Organization of Canada published a notice concerning OANDA (Canada) Corporation ULC and the deal with CVC. The notice informs the public of regulatory clearance gained by the deal. “The Ontario District Council of the Investment…

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News 

L3 and Harris agree to merge, creating $33.5 billion military technology giant

“L3 Technologies and Harris Corporation have agreed to merge in an all-stock deal, the two companies announced Sunday, creating a $33.5 billion military technology company” writes October At Pm for washingtonpost.com. The combined company will be called L3 Harris Technologies and will be based in Melbourne, Fla., the home of Harris Corporation.At $16 billion in projected 2018 revenue and some 48,000 employees, the new L3 Harris Technologies can boast that it is the sixth-largest U.S. defense company. Source: washingtonpost.com

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News 

Time’s Up, Rachel Bloom blast Les Moonves, CBS amid new misconduct allegations

“The allegations, which Moonves has denied, have reportedly precipitated his imminent departure” writes Maureen Lee Lenker for ew.com. Time’s Up, which launched in January in response to widespread allegations of sexual misconduct across the media and entertainment industries, said in a statement Sunday, “Six more women have made bone-chilling allegations of abuse, harassment and retaliation against Les Moonves.These new allegations are in addition to the previous six women who have already bravely spoken out and detailed horrific behavior from Moonves. Source: ew.com

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