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Trump’s Global Entry ban aims to punish New York

Bloomberg House Democrats said the Trump administration’s ban on New York State residents participating in US travel pre-screening programmes is a “senseless, retaliatory decision” that must be reversed. “Your justification for this sudden policy shift appears to be no more than a pretext,” the Democrats, including Homeland Security Committee Chairman Bennie Thompson of Mississippi, wrote in a letter to acting ...

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Virus shock sparks rethink of some of Asia’s hottest stocks

Bloomberg It may be time for equity investors to reassess their 5G investments in Asia as they look to win big from one of the market’s hottest themes. The coronavirus-driven stock sell-off presents an opportunity to shift into names that may have been overlooked in the recent run-up by technology stocks, said Kevin Chen, an analyst at China Merchants Securities ...

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Bitcoin hits $10,000 to reach its highest level since October

Bloomberg Bitcoin is back above $10,000. The largest cryptocurrency’s recent upward momentum carried it past that psychologically significant level on Sunday for the first time since October, according to Bitstamp pricing. It rose as much as 2.6% to $10,179, capping a gain of about 40% so far this year. Its breach of five figures comes amid an equities rally that’s ...

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