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I wrote this about Valentine's Day 6 years ago and I stand by it (though I admit to being a bit of a pedant in those days). Bah humbug.
- President Trump is considering pushing back the deadline for imposition of higher tariffs on Chinese imports by 60 days if the two countries are close to a deal. (Bloomberg)
- J.P. Morgan will test "JPM Coin," an internal cryptocurrency backed by the U.S. dollar, to move a tiny fraction of its $6 trillion wholesale payments business. (CNBC)
- The White House is drafting an executive order targeted at Huawei that could ban Chinese companies from selling equipment for use in U.S. telecom networks. (Los Angeles Times)
- Malaysia "will not compromise" with Goldman Sachs on the 1MDB scandal, the president of Malaysia's ruling party said Wednesday. Goldman Sachs issued a retort, saying the bank never held the money and accusing members of the Malaysian government of lying to the bank. (Bloomberg)