"The divergence is stunning. Upside surprises appear to be completely driven by the soft data... we would not necessarily expect 'hard data' surprise indices to start racing higher if the factors behind the 2Q growth rebound remain narrowly confined to a few sectors as we expect..."
"I demand that any and all further dissemination of these allegations by the AP or any other media outlet must cease immediately. I am ready to take part in any hearings conducted by the US Congress on this subject in order to defend my reputation and name..."
"Progressives" believe that, even if they don’t recommend full-on socialism, getting "just the right mix" of socialism and capitalism will create the ideal system. Unfortunately, as viable as this concept may sound, even moderate socialistic national policies result in moderate deterioration of the system. It’s not unlike being "just a little" addicted to heroin.
Billionaire Jeff Greene has put his Beverly Hills home “Palazzo di Amore” back on the market last Friday, asking $129 million. This amounts to a $20 million cut from when the home was last listed two years ago, and a whopping third, or $66 million, discount off the original price of $195 million in 2014.
The writing had been on the wall for a long time, and on Tuesday it finally hit the world's largest asset manager, where in the war between passive-investing robots and active-investing humans, the humans lost.
Moments ago, Theresa May signed the letter to European Council President Donald Truk which will invoke Article 50 and Trigger Brexit. Here is a summary of what happens next now that Article 50 is triggered.
Asked by a Fox News reporter whether he would inform the other committee members about who gave him the reports he viewed on the White House grounds last week, Nunes said: "We will never reveal those sources and methods."
"Americans' confidence in the U.S. economy tumbled along with the Dow Jones industrial average last week. Though still in positive territory, Gallup's U.S. Economic Confidence Index (ECI) dropped six points to a score of +5 for the week ending March 26. This is the lowest weekly average since the presidential election in November." - Gallup
After an early spike on Libya production fears and OPEC production cut extension hope, WTI and RBOB faded all day on dollar strength ahead of the API data. The trend of builds in Crude and draws in gasoline and distillates continued but the gasoline draw was notably less than expected and has sparked selling in RBOB.
A top executive at Halkbank, one of Turkey’s largest state-owned banks was arrested at JFK airport on charges of conspiring with an Iranian-Turkish financier who is awaiting trial for using his network of companies to circumvent Iranian sanctions.
Uncertainty is dominating today’s oil markets, with production cuts, ballooning inventories and a rising rig count all adding to oil price volatility. And as the summer driving season approaches and oil companies return to their projects here are four key factors to watch closely.