US Destroyer Ignored Warnings Ahead Of Deadly Collision

"...the cargo ship's captain said the ACX Crystal had signaled with flashing lights after the Fitzgerald "suddenly" steamed on to a course to cross its path. The container ship steered hard to starboard (right) to avoid the warship, but hit the Fitzgerald 10 minutes later..."

Noted Short Seller Marc Cohodes Comments On The Recent Events At Home Capital

The past two months have been a roller coaster ride for Home Capital shareholders culminating in the announcement of Berkshire Hathaway’s investment in the company this week.  But the deal raises at least as many questions as it answers, not least of which is whose interests are being served?

Russian Submarine Test-Fires ICBM

The Russian Northern Fleet’s Yuri Dolgoruky tactical nuclear submarine has successfully test-fired a Bulava missile from the Barents Sea and hit all the designated targets at the Kura practice range in Kamchatka, Russia’s Defense Ministry reported on Monday according to Russia's TASS news agency.

The 3 Reasons Why Goldman Just Turned Bullish On Gold

"Much of the focus has obviously been on oil where concerns are that expanding supply in the US and Libya will counter OPEC cuts. Gold has received less focus, although its cross-asset correlations have quietly been rising to new extremes."

Senate GOP Releases Revised Healthcare Bill

Senate Republicans, led by Mitch McConnell, have just released 'modest' revisions to the "draft" healthcare bill that was dropped last week.  The only substantive change appears to be the addition of a "waiting period" on those who allowed their coverage to lapse for a period of 63 days or more during the prior coverage year.

The Fed's Third Mandate Is Official

"The FOMC wants stocks to stop rising, and they will keep raising rates until they stop... It is stunning that markets are not taking these words more seriously..."

Traders Scramble To "Explain" Sudden Nasdaq Swoon

"Explanations" differed as to what spurred the 1% swoon in Nasdaq stocks an hour into trading, with everything from the velocity of last week’s rally, this morning’s economic data and the Supreme Court’s decision to hear arguments on the Trump administration’s travel ban and being cited.

How Much Longer Can Junk Bonds Ignore Tumbling Oil? UBS Has The Answer

"If oil prices fall to $40 or below, the negative impact on rest of world profits could be a material headwind for aggregate corporate profits, and a prolonged $40 oil price would trigger more stress and defaults in lower-quality HY issuers heading into 2018."