News 

Chinese province bans app-based homework to save students’ eyesight

“Zhejiang province issued a draft regulation last week and is undergoing a public consultation” writes Vernon Bogdanor for telegraph.co.uk. It is hoped the rule limiting screen time at school will bring those rates down.Along with banning app-based homework assignments, the Zhejiang regulation would limit the use of electronic devices to 30 percent of total teaching time and instead encourage homework to be completed by hand on paper. Source: telegraph.co.uk

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News 

Asia has ‘mitigating factors’ to counter a global growth slowdown, says bank CEO

“Global growth is expected to slow in the coming months, but Asian economies could hold up reasonably well, thanks to several “mitigating factors,” according to the chief executive of Southeast Asia’s largest bank” writes Yen Nee Lee for cnbc.com. Gupta noted that Asia is still projected to grow at 5.5 percent to 6 percent this year despite the overall softer global environment.In addition, the U.S. Federal Reserve holding back from raising interest rates further is good news for Asia, said Steve Cochrane, chief Asia Pacific economist at Moody’s Analytics.Several central…

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Markets News Regulators Stocks 

As Wall Street rallies on US-China trade hopes, bond investors may be worried about a recession

“However, the bond market is a different story” writes Patti Domm for cnbc.com. “The bond market is betting we are not going to see stabilization of growth, and that the China trade war drags on.”. But when you look at the bond market, Treasury yields remain surprisingly low, reflecting fears about a weakening economy and lingering uncertainty.The stock market is euphoric over the idea that a trade deal between the U.S. and China will fix the economy and boost earnings.Buyers have been jumping into both markets, and the broader stock…

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News 

Organized Crime is behind 70-80% of vehicle break-ins in SF

“This measure has had no impact on violent crime, but it has coincided with an uptick in property crime” writes The Economist for economist.com. A continued rise in property crime would test San Francisco’s progressive values.Several factors seem to explain the rise in San Francisco’s property crime.Among the nation’s 20 largest cities, San Francisco now has the highest rate of property crime, which includes things like theft, shoplifting and vandalism, per inhabitant. Source: economist.com

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News Regulators 

Fed policymakers see one U.S. rate hike, or none, as growth slows

“In December, when the Fed raised interest rates a fourth time that year, most Fed policymakers penciled in two more rate hikes for this year” reports businessinsider.com. This week, as disappointing U.S. retail sales and industrial production data raised the prospect that the U.S. economy will slow more quickly than expected, three Fed policymakers gave an answer: one rate hike, or perhaps none at all.The first broad read of their views will come in March, when the Fed next releases forecasts for the economy and rates. Source: businessinsider.com

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Futures Markets News 

The new trucking freight futures market could help companies better manage their budgets — and secure better pay for truck drivers

“The freight futures market, which is opening on March 29, will help retailers, manufacturers, and trucking companies lock in service rates for the coming years” writes Rachel Premack for businessinsider.com. In the decades following the passage of that law, trucking salaries have fallen by as much as 50% in some markets. Source: businessinsider.com

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Markets News 

3 reasons why the housing market isn’t as strong as it seems

“Here are three reasons why the housing market is underperforming the broader economy: First, student debt” writes Sanjiv Das for marketwatch.com. It’s worth noting the deterioration in the housing market because of its effect on the broader economy.So, what happens in the housing market is quickly felt across our country.Accordingly, as the CEO of a large mortgage company, I would expect the housing market to be robust, given the economic backdrop.By many measures, the U.S. economy is doing extremely well — but when it comes to the nation’s housing market,…

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Markets News Regulators 

Fed may use rebound as motive to revive rate hikes, market researcher James Bianco warns

“His base case calls for no interest rate hikes this year, but market researcher James Bianco has his guard up” writes unknown author for cnbc.com. Regardless of whether the Fed hikes or not, Bianco suggests there may not be much market upside left.”The stock market is rallying basically for one reason: The Fed backed off,” Bianco said.”We need earnings to step up. Source: cnbc.com

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News 

AstraZeneca profit falls, sees sales growth in ’19

“AstraZeneca PLC (AZN.LN) said Thursday that net profit in the fourth quarter decreased 21% on post-tax adjustments, and guided for product sales growth in the year ahead” writes Carlo Martuscelli for marketwatch.com. Product sales in China rose 22% at constant exchange rates to $948 million in the quarter, the pharmaceutical company said.The Anglo-Swedish drug maker said net profit for the quarter ended Dec. 31 was $1.03 billion, compared with $1.30 billion the previous-year period.A strong performance from its oncology portfolio buoyed product sales, which were up 8% at constant exchange…

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Crypto News Platforms 

MyEtherWallet Teams Up With Large Exchange to Offer Better Rates on Dozens of Coins

“This feature opens the door to more than 100 cryptocurrencies and helps achieve better exchange rates during conversions” writes Connor Blenkinsop for cointelegraph.com. A crypto wallet has relaunched its product and signed a partnership with a well-known exchange — delivering new features to its users in the process.A “newly reinvented wallet interface” is home to a revamped swap page, where users can access better deals when exchanging their crypto assets.This is achievable because data never leaves a user’s computer or browser, and funds are never held by the platform. Source: cointelegraph.com

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