Morgan Stanley: Get defensive because the inverted yield curve is sending a message






Last weeks partial yield curve inversion following a dovish surprise from the Federal Reserve is bearish for the stock market and that means investors should remain defensively positioned, Morgan Stanleys U.S. equity strategist Michael Wilson said Monday.

An inverted curve has implications for stocks, particularly given the fact we are now full on valuation, Wilson said. In our view, lower rates are only good to a point because eventually the fall in rates is not just about the Fed giving equity investors a green light to risk up, but its also about slowing growth.

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Top U.S. court rebuffs challenge to Nike over Michael Jordan photo






WASHINGTON (Reuters) - The U.S. Supreme Court on Monday declined to consider reviving a copyright case in which Nike Inc was accused of unauthorized use of photographer Jacobus Rentmeester’s famous 1984 photograph of basketball superstar Michael Jordan soaring through the air.

The justices turned away an appeal by Rentmeester, a former Life Magazine photographer, of a lower court’s ruling throwing out his copyright infringement lawsuit against the sportswear company. Rentmeester had said the decision against him by the San Francisco-based 9th U.S. Circuit Court of Appeals could stifle creativity and reward piracy.

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Trump push for China trade reform draws wide support at home, abroad






WASHINGTON/BRUSSELS/BEIJING (Reuters) - U.S. President Donald Trump’s blunt-force use of tariffs in pursuing his “America First” trade agenda has angered many, from company executives to allied governments and members of both parties of Congress.

But there’s one effort which has drawn broad support from those who oppose him on almost everything else - his push to force Beijing to change what are widely viewed as China’s market-distorting trade and subsidy practices.

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'Us' smashes box office forecast with $70 million opening weekend






Jordan Peeles Us pulled in some huge box office numbers in its opening weekend, hauling in $70.25 million in the U.S. and cementing itself as the third best horror movie debut in the history of cinema.

Us had been tracking towards a $50 million opening weekend, but strong Thursday and Friday ticket sales had analysts revising their estimates through Saturday night.

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Positive German data tempers equity selloff, safe havens in demand






LONDON (Reuters) - World stocks hit a 12-day trough on Monday as fears for economic growth sent investors dashing for safe-haven assets, but the selloff lost some momentum after better-than-expected data from Germany.

The Ifo Institute’s March business climate index unexpectedly rose, soothing nerves after the country’s dismal manufacturing data on Friday helped spark a global selloff that hammered stock markets and pushed key benchmark bond yields below zero.

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CBD is booming. But US farmers struggle to keep up with industrial hemp demand






Its Hollywoods new favorite beauty product. Its the superfood du jour. Demand for CBD is so strong that companies are scrambling to infuse their products with it, but the CBD theyre finding isnt all that great.

Congress legalized industrial hemp in December. With it, they also legalized hemp-derived CBD, short for cannabidiol, a cannabis compound that supposedly delivers the calming effects of marijuana without the high from THC.

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Autonomy founder Lynch inflated sales before HP deal, court told






LONDON (Reuters) - British entrepreneur Mike Lynch artificially inflated revenue at his Autonomy software company before selling it to Hewlett Packard for $11 billion, the U.S. firm’s lawyer told a London court on Monday.

HP is suing Autonomy founder Lynch, once hailed as Britain’s answer to Bill Gates, along with his former finance chief Sushovan Hussain for $5 billion after the 2011 deal went disastrously wrong for the Silicon Valley group.

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Airlines warn of flight cancellations as Boeing readies 737 Max software fix






Airlines are preparing for more flight cancellations as Boeing readies a software fix for its best-selling 737 Max planes following two fatal crashes of the aircraft that prompted regulators around the world to ground the plane.

Pilots from U.S. carriers on Saturday tested Boeings software changes to the automatic anti-stall system in Renton, Washington, where Boeing assembles the 737 Max planes. Representatives from Southwest Airlines, American Airlines and United Airlines — the U.S. airlines that fly the 737 Max — also met with Boeing officials about the software changes and additional pilot training.

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