The Dollar index dropped and gold jumped as President Trump told reporters during a meeting with the prime minister of Singapore that he was “very very close” to a decision on who would be the next chair(person) of The Fed…
There are several delightful tidbits in this weekend’s FT interview with ADP CEO Carlos Rodriguez, who has been engaged in a bitter proxy fight with activist investor Bill ackman. For those who are familiar with the Pershing Square head, it will come as no surprise that he has long harbored megalomaniac tendencies. For everyone else, the following segment should be quite eye-opening.
After Friday’s farcical face-ripping ramp back to recent highs (from a 10% plunge pre-market) after dismal earnings and outlook, it appears ‘investors’ took the weekend to actually read the report and transcripts…
Someone turn the bloody machines back on!!
Bloomberg reports that General Electric’s weak third-quarter results and outlook prompted multiple rating downgrades on Monday, with most analysts warning of an impending dividend cut. However, bullish analysts note that there doesn’t seem to be
Just days after we reported that in the mad dash by virtually every American city to become Amazon’s second headquarters, in which some such as New Jersey offered as much as $7 billion in state and city tax credits, today Amazon announced that that it has received 238 proposals from “cities and regions in 54 states, provinces, districts and territories around North America” who want to host the company’s second headquarters, also known as HQ2.
Following the landslide victory by Prime Minister Abe in Japan’s Sunday elections, which left his ruling coalition with a supermajority allowing him to change Japan’s constitution, Abe wasted no time in signalling a push towards his long-held goal of revising Japan’s post-war, pacifist constitution, however as Reuters reported earlier, Abe would “need to convince a divided public to succeed.” Parties in favor of amending the U.S.-drafted charter won nearly 80% of the seats in Sunday’s
Ex-HSBC currency trader Mark Johnson, who was unwittingly captured on an audio recording saying “I think we got away with it,” has just been convicted by a jury in New York of fraud for front-running a $3.5 billion transaction that netted his firm some $8 million in illicit profits. Per Bloomberg:
Former HSBC Holdings Plc currency trader Mark Johnson was found guilty of fraud for front-running a $3.5 billion client
There were many unanswered questions following last night’s story from Defense One, according to which the US Air Force would put nuclear bombers on high, 24-hour alert for the first time since the end of the cold war in 1991. There may be even more questions on Monday, when the Air Force denied the report and said it was not preparing to put its B-52 nuclear bombers on 24-hour alert, adding that a “misunderstanding” might
Now that the Senate has passed the $4 trillion federal budget, unlocking the reconciliation process and clearing the way for tax reform, Republicans on the House Ways and Means Committee are hashing out the finer points of tax reform. And in keeping with the spirit of Treasury Secretary Steven Mnuchin’s promise that the lopsided nature of the proposal’s cuts (which allocated 80% of the benefits to the top 1% of earners) would be corrected in