Newsworthy by M.Y. 1/12/21

-Vanguard Says It Sold Stakes in U.S.-Sanctioned Chinese Firms.

-BlackRock Inc., the world’s biggest asset manager, reduced its holdings in China Mobile Ltd., China Telecom Corp. and China Unicom Hong Kong Ltd. in recent weeks and plans to keep selling

-Sheldon Adelson, the US casino magnate and prominent Republican donor and philanthropist, has passed away after a long illness, his wife announced on Tuesday. Adelson was the billionaire founder of Las Vegas Sands and is credited with transforming the cities of Las Vegas and Macau into gaming and resort destinations. 

-Casino Mogul Sheldon Adelson, who built the largest casino company in the world and used his wealth to support Republican candidates and groups, has died. He was 87.

-Bitcoin flirts with bear market. Some forecasts for its long-term price range from $146,000 to $400,000 per Bitcoin.

-Bitcoin trading volume: all-time high

-PGA cuts ties with US President Trump.

-Deutsche Bank and Signature Bank cuts ties with US President Trump. JPMorgan, Capital One haven’t signaled decision.

-Democrats all-in pushing articles of impeachment of US President Trump. 

-Biden wants 25th amendment enacted by Pence. Trump says ‘be careful what you wish for’ to Biden on first public speech post-Capitol riot. 

-Chinese money is pouring into Hong Kong’s beaten-down stock market.

-German carmakers outpace Tesla with electrified vehicle surge

-US to require negative Covid-19 test for international air travellers

-Treasury yield curve rising. Highest in 10 months.

-Massive inflows of cash in ARK Innovation ETF

-Bond yields steadily rising

-Philippines: Second among the world’s dollar reserve lenders

-Pershing Square buys $199 million worth of Howard Hughes shares

-Dow Theory bullish. BofA

-CST 6:53 PM UPDATE: Pence will not invoke 25th amendment on Trump.

-END-

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