Republicans To Try Another Obamacare Vote Next Week

In an otherwise quiet day on the political front, moments ago Bloomberg dropped the surprising news of the day with a report that House Republicans are considering another try next week at passing the health-care bill they abruptly pulled last Friday in an embarrassing setback to their efforts to repeal Obamacare.

Two Fed Presidents Warn Markets Getting "Frothy", Valuations "May Come Down"

In what was the clearest sign to date that the Fed is targeting the stock market bubble with its rate hikes, today not one but two Fed presidents warned that the market is getting "a little rich", that "valuations may be a little frothy", and that the record "wealth to income ratio is a reason to keep raising rates."

After Brexit, 9 Reasons To Be Bullish On Great Britain

Today Mrs. May finally officially announced Brexit and kicked-off the process of divorce from the EU. A disaster for Britain, according to officials in Brussels, Berlin and Paris. Really? Whenever there is broad consensus it is worthwhile to challenge it.

Bank of America: "Our Clients Bought The Dip"

"We could see more buying on dips by clients, as the strategy has worked in recent years and we expect to see both higher volatility and higher stock prices this year."

Satellite Imagery Suggests North Korea Actively Preparing For Nuclear Test

Satellite imagery of North Korea's Punggye-ri Nuclear Test Site taken on March 28, and published by 38 North, shows a contingent of 70-100 people standing in formation in an administrative area. Such a gathering suggests a nuclear test may be imminent: as 38 North notes, it had not observed such a formation at the test venue seen since Jan. 4, 2013, shortly prior a nuclear test on Feb. 12 of that year.

Meet The Mercers - The Most Powerful Family You've Never Heard Of

History is full of powerful families that have left their mark on the political and economic systems of their age. More recently, the Koch brothers have drawn attention to themselves... However, under the Trump administration, a new family is entering the generally cemented world of D.C. power-grabbing...

Banks To London Employees: "Don't Panic"

With Brexit officially a go, banks in Britain are scrambling to undo months of verbal damage, and reassure their London employees over possible Brexit disruptions, a potential shift in jobs to continental Europe, and also talking down warnings made in recent months about leaving the City, some in now dashed hopes of getting a Brexit revote.

Will The Oil Price Slide Lead To A Credit Crunch For U.S. Drillers?

The recent drop in oil prices, which has almost wiped out the price gains since OPEC announced its supply-cut deal, is coming just ahead of the spring season when banks are reassessing the credit lines they are extending to support drillers’ growth plans.

Chinese Gold Miner Claims Discovery Of Largest Ever Gold Mine

Shandong Gold Group, China’s second biggest gold producer by output, announced on Tuesday that it has discovered deposits in eastern China containing an estimated 380 tons of gold reserves, which would represent the nation’s largest ever gold deposit.

Why Is Loan Growth Collapsing: Goldman Has An Answer

"we believe the current C&I slowdown reflects payback from credit facility usage by commodities firms, many of which began drawing upon credit lines in late 2015 as financial conditions tightened and the debt issuance window closed" - Goldman

Fed's Evans; Rosengren: Four Hikes This Year "If Things Proceed Even Better"

Moments ago, one of today's three Fed speakers, Chicago Fed's Charles Evans, spoke at a conference in Frankfurt and said that while it is "very safe" to foresee two rate rises in 2017, said that three could also happen, and went as far as suggesting that "four rate rises" are possible "if things proceed even better."

WTI/RBOB Spike On Inventories Data, Despite Production Surge To 14 Month Highs

WTI and RBOB prices have drifted higher after modest weakness following API's inventory data overnight and then spiked after DOE reported a smaller than expected crude build, and bigger than expected gasoline and distillate draws. Following the lage rig count data, US crude production rose once again to its highest since Feb 2016.