News 

Campus suicides rattle N.J. college. Students demand improved mental health services.

“Administrators say they have nearly tripled the number of mental health counselors over the last seven years from four to 15” writes Bill Duhart for nj.com. Meanwhile, a growing debate about the state of mental health services on the South Jersey campus is roiling.Woodside said Rowan will add three more mental health counselors during the next school semester starting in January.Students with mental health issues are evaluated and typically treated individually or in group sessions, he said.Now, students, faculty and administrators are scrambling to prevent another tragedy, stemming from a…

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News Oil 

Demand concerns weigh on oil prices despite OPEC+ move to cut more output

“Concerns about a slowdown in global oil demand remained a key check on oil prices Friday, despite a decision by major oil producers to cut additional barrels next month from their production quotas” writes Markets Commodities Reporter for marketwatch.com. They achieved both.” As is sometimes the case, however, the math on the OPEC+ cuts is a bit unclear.Including the latest cuts, the reduction total will be 1.7 million barrels from the October 2018 baseline, with the quotas set in place through March.Oil prices “found support from ongoing supply cuts by…

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Crypto News 

Deutsche Bank Research: Crypto to Replace Fiat Currencies by 2030

“By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank” writes Ana Alexandre for cointelegraph.com. In the meantime, world governments have been actively debating the need to develop national digital currencies.Reid stipulated that people’s heightened demand for dematerialized means of payment and anonymity could drive more individuals to digital currencies.Earlier today, Bank of Japan Governor Haruhiko Kuroda said that there is no public demand for a central bank digital currency (CBDC) in the country.In the “Imagine 2030” report,…

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News 

A group of developers sent a letter demanding GitHub cancel its ICE contract, saying it puts the Microsoft-owned company at odds with its own community and values

“Last month, some 150 GitHub employees signed a letter urging the company to tear up the contract” writes Ashley Stewart for businessinsider.com. Last summer, more than 100 Microsoft workers signed an open letter urging the company to terminate its $19.4 million ICE contract and stop working with the agency altogether. Source: businessinsider.com

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News Stocks 

Citi raises Apple price target on strong holiday demand for wearables like AirPods, Apple Watch

“Citi raised its price target on Apple’s stock to $300 from $250, as the firm told investors it expects stronger sales and profits this holiday gift-giving season in a note titled “Why this Christmas is Different for Apple.”” writes Michael Sheetz for cnbc.com. Citi has a buy rating on Apple and the firm’s new price target represents a 15% climb in the stock from its current levels. “We believe consensus is underappreciating the Apple Watch and Apple AirPods demand strength and Apple’s wearables segment likely to surpass $10 billion of…

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Crypto Markets News 

70 Crypto Hedge Funds Shut in 2019 with Low Institutional Demand

“As many as 70 crypto-focused hedge funds closed down this year as institutional turn out to the sector remains on the lower side” writes Arnab Shome for financemagnates.com. Hedge funds based in North America led the group with the shut down of 28 funds followed by Europe with the count as high as 23. 14 hedge funds in the Asia-Pacific region and 3 in other regions also shut their operations.Discover iFX EXPO Asia 2020 in Macao – The Largest Financial B2B Expo “The market is definitely retail driven and will…

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News 

Purchase limits imposed as Michigan recreational marijuana shops are overwhelmed with demand

“There are currently only three licensed recreational marijuana processing facilities and one licensed secure transportation business in the state” writes Gus Burns for mlive.com. Recreational marijuana sales to begin after 10 a.m.It’s not yet clear when they’ll begin accepting recreational customers. — Gus Burns is the marijuana beat reporter for MLive.Read more from MLive about medical and recreational marijuana. Source: mlive.com

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News 

No Demand for a State Digital Currency in Japan: Central Bank Governor

“Bank of Japan (BOJ) Governor Haruhiko Kuroda said that there is no public demand for a central bank digital currency (CBDC) in the country” writes Adrian Zmudzinski for cointelegraph.com. Still, when it comes to global stablecoins such as Facebook’s Libra, Kuroda said the bank would take a more cautious approach.Meanwhile, countries worldwide are increasingly researching public and private digital currencies and stablecoins.Nevertheless, the Bank of Japan has been conducting technical and legal research on this matter in order to stand ready when the need for CBDC 13 may arise in…

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GBP News 

Revealed: How US drug firms are preparing to hike prices to NHS after Brexit

“US health firms are confident it will be easier to gain access to the NHS and hike the price of medicines after Brexit, a document reveals” writes Rob Merrick for independent.co.uk. The prospectus sets out how pharmaceutical companies will demand new rules that “prohibit discrimination” against foreign suppliers and end “restrictions on the number of suppliers”.Written by the US Chamber of Commerce last month, it notes the failed three-long battle to strike a deal with the EU, which collapsed partly because of fears over opening up public health services.The controversy…

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