Having come under pressure to address an uptick in incidents targeting Jewish institutions across the US, President Trump denounced anti-Semitism Tuesday when during a tour of the National Museum of African-American History and Culture he said that “Anti-Semitism is horrible and it’s going to stop and it has to stop.".
Financial engineering masks the true performance and health of companies and nations. But the damage goes much deeper, deluding decision-makers into thinking that things are better than they are, and that solutions to problems can be deferred.
French presidential candidate Marine Le Pen canceled a meeting with Lebanon's grand mufti, its top Sunni cleric, after refusing to wear a headscarf for the encounter: "You can pass on my respects to the grand mufti, but I will not cover myself up."
"How much central bank money has poured into the S&P 500? Maybe the G-20 should discuss the moral hazards of foreign governments picking publicly traded company winners and losers alongside currencies and trade restrictions."
After years of veiled suggestions by market skeptics that the Fed's two core mandates, inflation and employment, are just a cover for its real "third" mandate, namely supporting asset prices, today the president of the Minneapolis Fed came confirmed just that when he said that “really we have a third mandate and the third mandate is financial stability.”
"We wish to buy one unit each of Brent and WTI crude upon receipt of this commentary. We’ll risk no more than 3% from the current prices level and if nearby Brent were to trade above $57/barrel and if nearby WTI were trade above $55/barrel and were to remain there “For an hour or so to prove the merits of the moves."
Just over 10 years ago, HSBC was the first canary in the world's financial crisis coalmine to signal trouble ahead. Today's 7% bloodbath in the banking behemoth is the biggest drop since the financial crisisafter reporting fourth-quarter profit that missed estimates on a surprise drop in revenue, which it warned could fall again this year.
If you thought the last round of protest idiocy was counterproductive, you ain’t seen nuthin’ yet. Just when you think they’ve hit rock bottom, the liberal protests hit new lows. The Guardian recently published an article detailing a revival in “tax resistance,” which is a practice of not paying your taxes to “resist” government...
Eurozone private sector and manufacturing growth unexpectedly jumped to the highest since 2011 in February and job creation reached its fastest since August 2007, propelled by strong demand and optimism about the future, the latest Markit PMI survey found. The Markit Eurozone PMI registered 56.0 in February, up from 54.4 in January , the highest reading since April 2011.
The yield on Greece's bonds have tumbled the most since June after creditors agreed on Monday to resume talks in Athens over steps needed to continue a bailout of the nation, driving expectations that Greece will be able to meet its deadline for debt redemption by July.
While Verizon has decided not to back away from its high profile purchase of Yahoo, after the internet portal reported two massive data breaches following the deal announcement, the WSJ reports that The companies have agreed to revise the $4.83 billion deal, cutting as much as $350 million off the price and evenly splitting costs from the breaches.
With concerns over the state of the US consumer still lingering, analysts were looking forward to today's Q4 results by America's largest retailer for some further clarity, and they were not disappointed with what they saw: WalMart reported non-GAAP Q4 EPS of $1.30, beating expectations of $1.29 by one cent. Total revenue of $130.9 billion, an increase of 1.0% from a year ago, marginally missed estimates of $131.2 billion.
Over a month after clashes erupted outside of a court where an Israel soldier was convicted of manslaughter for executing a wounded Palestinian assailant, an act caught on video which stunned media around the globe, the saga finally ended on Tuesday when he was sentenced to 18 months imprisonment on Tuesday, far less than prosecutors requested, in one of the most divisive cases in Israel's history.
European stocks rose again with S&P futures higher, while Asian stocks were mixed. The dollar rose jumped on hawkish comments by Philly Fed's Harker, oil rose following optimistic OPEC comments, while gold dropped. Markets have largely ignored results by financial heavyweight HSBC, which posted its largest fall since mid-2015 after reporting a 62% plunge in pretax profit.
Just a day after 'fake news' criticizes Trump’s comments on Sweden, a riot in so-called "Little Moghadishu" - the Swedish borough of Rinkeby - occurs. 100s of young people throw stones at police, set fire to eight cars forcing police to fire warning shots...
"When I was Chair of the Federal Reserve I used to testify before US Congressman Ron Paul... we had some interesting discussions... We would never have reached this position of extreme indebtedness were we on the gold standard, because the gold standard is a way of ensuring that fiscal policy never gets out of line."
These questions are not spoken about openly in the fierce pre-election presidential debate raging in France. The question is not politically correct. But in these times of expanding Islamism, they weigh silently in favor of Marine Le Pen.