Business Maverick: Friday, April 4: Five Things You Need to Know to Start Your Day

The trade deal that the U.S. and China are crafting would give Beijing until 2025 to meet commitments on commodity purchases and allow American companies to wholly own enterprises in the Asian nation, according to three people familiar with the talks. Talks are continuing in Washington, where the goal is to strike an agreement on the core issues so President Donald Trump and Chinese leader Xi Jinping can hold a ceremony to sign a deal.

No-Deal Brexit BlockedBritain’s Parliament approved a cross-party bill to block a no-deal Brexit by a single vote, after a lengthy late-night debate in London. The pound rose. Brexiteers no longer have the option of a no-deal exit to fight for. So they are left backing Prime Minister Theresa May, and whatever she comes up with in talks with Corbyn, or facing a potentially long extension of EU membership.

Stocks Climb to Six-Month HighAsian stocks look ready to rally in the wake of gains in U.S. markets. The benchmark S&P 500 finished positive for a fifth day, equaling the longest winning streak in two months. American equities had slumped midday after Bloomberg News reported that millions of Facebook user records were found on cloud computing servers. On the trade front, the deal that the U.S. and China are crafting would give Beijing until 2025 to meet commitments.

SoftBank Seeks Another $15 BillionFor SoftBank Group Corp., $100 billion isn’t enough. The Japanese conglomerate, which has reshaped the technology startup landscape with its Saudi-backed Vision Fund, is in talks with investors to add as much as $15 billion more to its already-massive fund, said people familiar with the discussions. In about two years, the Vision Fund has invested more than $70 billion in tech companies.

Millions of Facebook Records Found on ServersFacebook Inc. user data is still showing up in places it shouldn’t. Researchers at UpGuard, a cybersecurity firm, found troves of user information hiding in plain sight, inadvertently posted publicly on Amazon.com Inc.’s cloud computing servers.

Thursday April 4th 😮

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