Jim Chanos Adds To Tesla Short, Sees Musk Stepping Down

“Put it this way. If you wouldn’t be short a multi-billion-dollar loss-making enterprise in a cyclical business, with a leveraged balance sheet, questionable accounting, every executive leaving, run by a CEO with a questionable relationship with the truth, what would you be short? It sort of ticks all the boxes.”

Hackers Crack Apple's Face ID With $150 Mask

On Friday, Vietnamese security firm Bkav released a blog post and video purportedly showing them cracking Face ID with a composite mask of 3-D-printed plastic, silicone, makeup, and simple paper cutouts, which they assembled to successfully trick the iPhone X into unlocking...

Why Populism Isn't Going Away

"Although there are idiosyncrasies in every country that foster the rise of populist movements, the ailing foundation of the economy provides the fertile soil and is the major driver of people's dissatisfaction and the associated voting decisions..."

Is Roku's Run Over?

Having soared 160% from last Wednesday's close, making a billionaire of the CEO, Roku is down 6% this morning, testing $40; as perhaps, just perhaps, the short squeeze won't echo Volkswagen...

White House Considering Mohamed El-Erian For Fed Vice Chair

In what will come as a big surprise to many Fed watchers, moments ago Dow Jones reported that among other candidates, the White House is considering Mohamed El-Erian, Bill Gross' former partner at Pimco until the duo's infamous falling out, and one of the few people who - together with John Taylor - actually deserve the nomination.

Gold Bounces Off Key Technical Support On Massive Volume

The last 48 hours has been quite a chaotic one in precious metals markets with massive volumes of 'paper' gold flushed in and out of the futures markets. This morning - shortly after the US open failed to spark a panic-bid in stocks - gold futures bounced off their 200-day moving average on huge volume (around $4.5 billion notional) breaking above the 100DMA...

Military Coup Reportedly Under Way In Zimbabwe

Zimbabwe is on edge amid speculation that a military coup is in progress, with army tanks seen outside the capital a day after the army commander threatened to "step in" to calm political tensions over the president's firing of his vice president.

Ruble, Real Tumble As Oil Slumps On Weaker IEA Outlook

WTI Crude is tumbling this morning, breaking down below $56 following a monthly report Tuesday from the International Energy Agency that said 2017 price gains along with milder-than-normal winter weather are slowing demand growth. This drop is weighing on oil-producers with the Ruble and Real dropping most...