Bitcoin Is Crashing

What goes up exponentially, falls vertically... or something like that...

"Sell The News" - WTI Tumbles Below $50 After OPEC Disappointment

Confident anchors across the media have been proudly proclaiming the rise above $50 as proof that the oil market is heading toward equilibrium again and OPEC's production cut deal extension will be awesome... except the market seems to be disappointed as it's clear no other non-OPEC nations will join the agreement (cough US shale cough) and "sell the news" has sent crude back below $50...

Obama Praises "Favorite Partner" Angela Merkel During Berlin Visit

Before heading to a NATO summit in Brussels where she would meet with President Donald Trump and a host of other world leaders, German Chancellor Angela Merkel indulged in an exercise of mutual praise with her “dear friend" former U.S. President Barack Obama as the pair appeared in public during a gathering at Berlin's Brandenburg Gate meant to celebrate the 500th anniversary of the Protestant Reformation, the Associated Press reports.

GM Tumbles After Allegations Of Rigging Truck Emissions Tests

General Motors' stock price is tumbling after reports that the carmaker is accused of putting defeat devices in its trucks to beat emissions tests, becoming the sixth carmaker accused of diesel cheating since 2015, when Volkswagen AG admitted to installing software to bypass pollution rules.

What Keeps Bank of America Up At Night

"The last two weeks have further underpinned our belief that the market has had misplaced optimism in the new administration's reform agenda, while we find more and more evidence that suggests the macro environment echoes that of 2014 and 2015."

Trump Responds To UK Accusations Of Suicide Bombing Leaks

"The alleged leaks coming out of government agencies are deeply troubling... I am asking the Department of Justice and other relevant agencies to launch a complete review of this matter...the culprit should be prosecuted to the fullest extent of the law."

Montana House Candidate Charged With Assault After "Body Slamming" Guardian Reporter

Montana's Republican congressional candidate Greg Gianforte who reportedly "body slammed" Guardian reporter Ben Jacobs during an interview last night has officially been slapped with a "misdemeanor assault" charge by the Gallatin County Sheriff's office which carries with it a maximum fine of up to $500 and/or 6 months in jail if convicted.

Catalonia Threatens Spain With "Financial Bloodbath"

Catalonia’s independence would set off Spain’s debt time-bomb... It would mean the loss of 25-30% of Spain’s gross domestic product (GDP), says Spain’s Minister of the Economy, Luis de Guindos. And that’s something the government “will never let happen.”