Meet The Mercers - The Most Powerful Family You've Never Heard Of

History is full of powerful families that have left their mark on the political and economic systems of their age. More recently, the Koch brothers have drawn attention to themselves... However, under the Trump administration, a new family is entering the generally cemented world of D.C. power-grabbing...

Banks To London Employees: "Don't Panic"

With Brexit officially a go, banks in Britain are scrambling to undo months of verbal damage, and reassure their London employees over possible Brexit disruptions, a potential shift in jobs to continental Europe, and also talking down warnings made in recent months about leaving the City, some in now dashed hopes of getting a Brexit revote.

Will The Oil Price Slide Lead To A Credit Crunch For U.S. Drillers?

The recent drop in oil prices, which has almost wiped out the price gains since OPEC announced its supply-cut deal, is coming just ahead of the spring season when banks are reassessing the credit lines they are extending to support drillers’ growth plans.

Chinese Gold Miner Claims Discovery Of Largest Ever Gold Mine

Shandong Gold Group, China’s second biggest gold producer by output, announced on Tuesday that it has discovered deposits in eastern China containing an estimated 380 tons of gold reserves, which would represent the nation’s largest ever gold deposit.

Why Is Loan Growth Collapsing: Goldman Has An Answer

"we believe the current C&I slowdown reflects payback from credit facility usage by commodities firms, many of which began drawing upon credit lines in late 2015 as financial conditions tightened and the debt issuance window closed" - Goldman

Fed's Evans; Rosengren: Four Hikes This Year "If Things Proceed Even Better"

Moments ago, one of today's three Fed speakers, Chicago Fed's Charles Evans, spoke at a conference in Frankfurt and said that while it is "very safe" to foresee two rate rises in 2017, said that three could also happen, and went as far as suggesting that "four rate rises" are possible "if things proceed even better."

WTI/RBOB Spike On Inventories Data, Despite Production Surge To 14 Month Highs

WTI and RBOB prices have drifted higher after modest weakness following API's inventory data overnight and then spiked after DOE reported a smaller than expected crude build, and bigger than expected gasoline and distillate draws. Following the lage rig count data, US crude production rose once again to its highest since Feb 2016.

When The "Solutions" Become The Problems

The cold truth is all these institutional-state-cartel "solutions" serve the few at the expense of the many. This is not a side-effect; it is the intended output of these "solutions." In other words, these "solutions" work great for the parasitic few at the top skimming all the wealth, power and income, at the expense of the exploited many and the stability of the system as a whole.

Government Shutdown Odds Rise To 40% According To Deutsche Bank

According to Deutsche Bank, there is a significant chance that the Freedom Caucus will reject a new continuing resolution due to their opposition to the continued funding of Planned Parenthood and Obamacare, while Trump’s spending plans for a border wall will see opposition from both parties. As a result, the bank estimates the probability of a government shutdown at roughly 40% and notes that the next 2 weeks will be critical to watch.