The Empire State Building, The Burj Khalifa, and other tall buildings were built, in part, to say to the rest of the world: "Look what we can do!" There hasn't just been competition between countries, either - there has been some competition within the United States too!
Heading into today's vote, FX options markets had seen massive demand for downside protection against a result that threatened the euro's existence. That didn't happen and so those hedges are being unwound en masse with the biggest drop in EURUSD implied vols in history...
The New York governor received a total of $783,000 from News Corp.-owned HarperCollins in book sales over the past three years; a number that would translate to royalty payments of nearly $244.69 per copy. On Wednesday, the book was selling on Amazon for $8.45.
“Saudi discrimination against women is gross and systematic in law and in practice. Every Saudi woman must have a male guardian who makes all critical decisions on her behalf, controlling a woman’s life from her birth until death. Saudi Arabia bans women from driving cars,” he continued. “Why did the UN choose the world’s leading promoter of gender inequality to sit on its gender equality commission?”
Wall Street still exudes widespread optimism that 2017 will provide another year of solid gains for stocks amid stable albeit unspectacular economic growth and only gentle interest rate rises. However, as The FT details, all is not well in reality, and the following seven charts will hearten investors of a more bearish persuasion...
Following market moving interview with the FT and especially the WSJ, on Sunday the Associated Press released the full transcript from its interview with President Trump. Below, we point out some of the market-moving highlights.
There is a paranoid, hysterical quality to the public discourse on Russia and all things Russian in today’s America. The corporate media machine and its Deep State handlers have abdicated reason and common decency in favor of raw hate and fear-mongering. We have not seen anything like it before, even in the darkest days of the Cold War.
With Euro strength dominating FX markets, the Dollar Index has tumbled below 99.00 to the lowest level since Nov 11th. For the first time since Oct 4th, the dollar index is trading below its 200-day moving-average...
White House said in an advance schedule that on April 26 it will hold a briefing for senators with its “four principals” on North Korea "as the administration considers its options for dealing with saber-rattling from Pyongyang" according to Bloomberg. Among those present will be Secretary of State Rex Tillerson, Defense Secretary Jim Mattis, Director of National Intelligence Dan Coats and Joseph Dunford, chairman of the Joint Chiefs of Staff.
If you’re curious about the story of modern humanity, you’ll find few things more fascinating than the shapeshifting ways of our markets and industries, over many years and decades. These shifts reflect our whole society, our inspiration, our impulses, and our shortcomings.
A Macron 'win' in the first round of the French elections has (judging by the initial reactions) allayed many fears of imminent doom. Dow futures are up around 200 points, Bond futures are down, gold is down (despite USD weakness)... However, as Bloomberg's Cameron Crise notes, "Enjoy the party, parkets; but beware of the bangover."
"Uber engineers assigned a persistent identity to iPhones with a small piece of code, a practice called “fingerprinting.” Uber could then identify an iPhone and prevent itself from being fooled even after the device was erased of its contents. There was one problem: Fingerprinting iPhones broke Apple’s rules."
Most of the results are in, and while it remains close, Macron will likely be the winner of the first French presidential round and is set to face Marine Le Pen in the second round. What does that mean for various asset markets and the bigger macro picture? Here are two forecasts, just released from Goldman and Citi.
Trump will speak on Sunday with Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping, Reuters reports citing a senior administration official said, with North Korea expected to be discussed
With projections all confirming Le Pen and Macron into the second round (though varying notably on who is leading), the markets appear comforted by Macron's position as EURUSD has spike almost 100 pips breaking above 1.09 to 5-month highs...
Clashes have erupted in Le Bastille in central Paris on Sunday evening between riot police and disappointed far left protesters following the closing of polls in the first round of the presidential election, AP reports.