ETF Update: UCO, VXX, SPY
Wednesday, October 20, 2021 4:10 PM

Market news:

• Calif. man home after release from Iranian prison Oct 22, 2021 01:32 AM
  
  • LOS ANGELES - A California businessman who spent more than two years in an Iranian prison after being accused of passing money to a rebel group returned home Thursday.
  • Reza Taghavi, 71, arrived at Los Angeles International Airport at about 7 p.m. with his attorney, former U.S. diplomat Pierre Prosper, who won Taghavi's release after talks with Iranian envoys.
  • In halting English, Taghavi told reporters: "My name is Reza Taghavi, I've been in Iran in jail for 29 months.

  • Currencies center stage as G20 gets underway Oct 22, 2021 01:08 AM
    
    • GYEONGJU, South Korea - Japan warned Friday that the global economy will lose if countries compete to devalue their currencies, as top finance officials from the world's leading economies gathered for two days of talks they hope will defuse growing tensions over exchange rates.
    • Noda's comments underscore predictions that currency issues will take center stage at the meeting of finance ministers and central bank governors from the Group of 20 rich and emerging nations, which takes place ahead of a G-20 leaders summit in Seoul next month.
    • The gathering in the South Korean city of Gyeongju comes just two weeks after the finance mandarins failed at a meeting in Washington to iron out differences that have led to fears of a currency war that could trigger another economic downturn.

    • Major Northern Calif. mall burns after standoff Oct 22, 2021 12:31 AM
      
      • ROSEVILLE, Calif. - A high-end regional mall that is one of the main retail centers in a broad swath of Northern California was set ablaze Thursday after police arrested a man who had barricaded himself inside.
      • Police said the man holed up in a video game store at the Roseville Galleria and started a small fire that later erupted and spread to the roof, damaging an entire arm of the mall.
      • The 1.3 million-square-foot Galleria was evacuated by the time the fire blew up, and no injuries were reported.

      • US shuns some big public works projects Oct 21, 2021 11:42 PM
        
        • NEWARK, N.J. - New Jersey's governor wants to kill a $9 billion-plus train tunnel to New York City because of runaway costs.
        • In many of the 48 states in between, infrastructure projects are languishing on the drawing board, awaiting the right mix of creative financing, political arm-twisting and timing to move forward.
        • The other cautionary tale of the past few years is Boston's Big Dig, the highway and tunnel project that was originally envisioned at less than $3 billion and wound up costing nearly $15 billion.

        • Clinton remarks on Canadian pipeline stir debate Oct 21, 2021 11:42 PM
          
          • WASHINGTON - Senators from both parties criticized Secretary of State Hillary Rodham Clinton on Thursday for signaling likely U.S. support for a $7 billion pipeline to carry Canadian oil to refineries along the U.S. Gulf Coast.
          • The lawmakers cautioned Clinton to consider all sides before deciding whether to grant a permit allowing TransCanada's Keystone XL pipeline to cross the U.S-Canadian border.
          • Clinton stirred up controversy on both sides of the border last week after saying she was "inclined" to back the project, which would carry crude oil nearly 2,000 miles from tar sands in Alberta, Canada, to Port Arthur, Texas, via Montana, South Dakota, Nebraska, Kansas and Oklahoma.

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