I strongly suspect that Ms. Holmes' delusions that she's going to pull herself out of this mess will, at long last, be dismissed when the reaction she gets to this "3 for 1" offer is the sound of crickets.
Global stocks tumbled amid growing doubts President Trump will be able to deliver on a promise of tax cuts that has powered stocks markets to record highs pushed shares lower on Wednesday and drove investors to seek safety in government debt, gold and the yen. As DB put it: "Warning! US equities can occasionally go down as well as up a lot."
"Markets are waking up to the reality of the Trump hangover, which is going to mean a renewed focus on all the complacencies we’ve let build up in recent months. No surprise the mood has gone more than a little bit Risk Off." - Bill Blain
For all those who are looking for someone - or someones - to blame for today's selloff, which is shaping up as the worst of 2017, here is the list of 26 Republican house members who are jeopardizing Trump's entire domestic agenda. As a reminder, the GOP can only afford to lose 21.
The Swedish Civil Contingencies Agency (MSB) has reportedly been ordered to ready a series of 65,000 nuclear fallout bunkers spread across the country over fears of the growing threat posed by a "resurgent Russia."
Trump's ranking on Forbes' annual list of the world's wealthiest billionaires took a 'bigly', if not totally 'yuge', hit when the latest list was posted last night. After ranking 336 with an estimated wealth of $4.5 billion last year, Trump fell too 544 with an estimate of $3.5 billion this year.
The Kagan family, America’s neoconservative aristocracy, has reemerged having recovered from the letdown over not gaining its expected influence from the election of Hillary Clinton. Back pontificating on prominent op-ed pages, the Family Kagan now is pushing for an expanded U.S. military invasion of Syria and baiting Republicans for not joining more enthusiastically in the anti-Russian witch hunt over Moscow’s alleged help in electing Donald Trump.
What the Democrats tried to do yesterday was to criminalize everyone who works for better relations between the US and Russia. To be for peace between the nuclear powers is to be a Russian agent and to be put on a list. The Democrats insisted that Russia was an enemy out to get us, and the Democrats had no difficulty getting Comey and Rogers, both Obama appointees, to agree.
Despite holding no official title, President Trump's 35-year-old daughter Ivanka is reportedly getting an office (and access to classified information and a government-issued phone) in the White House West Wing, stepping up her highly visible role in helping advise her father.
North Korea test-fired a salvo of missiles Wednesday, but it ended in failure, South Korea's military said. "South Korea and the United States are aware of the related issue," the defense ministry said in a one-sentence statement.
While often remembered for his philanthropy, the last surviving grandson of America’s first billionaire died today, leaving behind a dark legacy indicative of how American nobility often shape policy from behind the scenes.
Over the past several months, we've highlighted a number of economic studies analyzing the potential negative impact, in terms of job losses, that may be expected to result from the state-mandated minimum wage hikes that are currently being implemented around the country...that said, here are a couple of examples of why the issue may be much larger than anyone expects.
One thing we should have learned over the past year or so is you can take any narrative being pushed by the corporate media and Democrats, and assume that the exact opposite is true. The current Trump-Russia hysteria could very well turn out to be the latest and most embarrassing example of this phenomenon.
As is customary virtually every time the Chinese central bank commences some form of tightening, overnight China’s central bank injected hundreds of billions of yuan into the financial system after some smaller lenders failed to repay borrowings in the interbank market, according to traders cited by Bloomberg.
Ally Financial CEO: "We have seen some additional deterioration in the first quarter...Consumer losses have been drifting higher, and most notably in lower credit tiers...Used vehicle prices continue to decline...We've seen manufacturer incentive levels creep up, so we're watching that closely."
A Minnesota judge recently signed a search warrant ordering Google, Inc. to hand over personal information on anyone who searched a specific name, a decision that could set an alarming precedent that would render the fourth amendment virtually ineffective with regard to online privacy.
For all you 'poor' people (and you know who we're talking about...all you people with only around $1 million of liquid investable assets) out there who always wanted to invest their money with Goldman Sachs but didn't have the $50 million net worth required to become a private wealth client, today may just be your lucky day.