In the latest revelation certain to reignite accusations of collusion between the Clinton campaign and the DOJ, among the recent batch of hacked emails released by Wikileaks, we learn that one day after Hillary Clinton's Benghazi tesimony last October, John Podesta, Hillary's campaign chairman met for dinner with a small group of well-connected friends, including top DOJ official Peter Kadzik.
The long await IPO of Snapchat is finally coming: according to Bloomberg the social media will seek to raise as much as $4 billion in its planned initial public offering, making it the biggest social media company to go public since Twitter's initial public offering in November 2013.
Whenever people are forced by the government to accept and pay for things they do not want, the outcome is discontent and opposition, typically suppressed and downplayed by the mainstream media in accordance with the state’s agenda of political correctness. Trump stands for everyone who is sick and tired of the current system and the political elite who have grown out of touch with ordinary American citizens... they are the American version of the European anti-establishment movement.
The most recent burst in bitcoin activity, which sent it surging by over $20 overnight, has little to do with any moves in the official Chinese currency, which recently rebounded modestly tracking the recent dip in the dollar, and is likely attributable to a long overdue crackdown on China's Wealth-management products, a key component of China’s "shadow banking" system.
In what may or may not be a coincidence, just hours after Bloomberg reported that DB launched a probe into whether it "misstated" derivatives, moments ago the FT reported that the Bank of England is seeking details from large British banks on their current exposure to Deutsche Bank and some of the biggest Italian banks, including Monte dei Paschi, "amid mounting market jitters over the health of Europe’s financial sector."
A strong, 5.4 magnitude earthquake hit a rural region in central Italy on Wednesday evening, and rattled Rome, just two months after a powerful temblor toppled villages in central Italy, killing nearly 300 people. According to AP, there were no immediate reports of damage. But the quake shook centuries-old palazzi in Rome's historic center.
At best one can accuse Wall Street analysts and the companies that feed them information of incompetence. At worst this is another pure and simple case of institutions gaming the system through a fraud designed to prop up stock prices.
"Rising availability rates on a year-over-year basis in almost every major statistical retail submarket in Manhattan has created uncertainty in the market, while new stores become available daily, adding new supply. It may be some time before available retail space is absorbed."
The negative sentiment ahead of today's 5Y auction was spot on, and moments ago the Treasury announced that today's auction of 5Y paper indeed tailed, printing at 1.303%, tailling by 0.1bps. This was the highest yield since May of 2016 when the same paper priced at 1.395%.
Elements of the British establishment in Whitehall think their own soldiers are "bad," and terrorists are "freedom fighters," according to General Lord Richards, former Chief of the Defence Staff and the UK's most senior military officer. Over several years these ministers, permanent secretaries, generals, admirals and air marshals have been swept aside in pursuit of a corrosive drive to discredit our troops. It is the first time in history that any government has turned on its own armed forces in such a way.