Candidate Trump loved a strong dollar, said the Fed's low interest created inequality and a false economy and hinted Janet Yellen needed to go. Now that he’s the president, he loves all three and wants them to stay.
"Italy's persistent track record of fiscal slippage, back-loading of consolidation, weak economic growth, and resulting failure to bring down the very high level of general government debt has left it more exposed to potential adverse shocks. This is compounded by an increase in political risk, and ongoing weakness in the banking sector which has required planned public intervention in three banks since December."
A massive power outage in San Francisco on Friday morning caused a blackout in neighborhoods across the city, from the Financial District to the Presidio, forcing the closure of businesses, a federal courthouse and a BART station, officials said. As SFGates reports, a spokesman for Pacific Gas and Electric Co. said at least 90,000 customers lost power.
"It just allows states to opt out of some of the [regulations] to bring down price. And so those are two of the big pieces. A couple little pieces on the regulatory framework, and then I think we can all get to yes."
Automation is not always the best course of action and, as cost effective as automation has proved in many areas of our life, we are finding a rise of businesses beginning to automate for reasons other than improved productivity or cost effectiveness.
As pressure mounts on Trump to post some victories within the totally arbitrary window of the "First 100 Days" of his administration, the President is expected to join Secretary Steven Mnuchin at the Treasury to sign a combination of executive orders and memos targeting the reduction of tax regulations and certain components of Dodd-Frank.
Nations do develop something like Alzheimers. Perhaps you haven’t noticed that for some time now nothing sticks in the national brain-pan - if that’s what we can call the news media and its analogs on the Web waves.
Paris Prosecutor Francois Molins gave an update on what the French anti-terror authorities have uncovered about the attacker who murdered a policeman and wounded two others at Champs-Elysees Thursday evening. Here are the key highlights.
With WTI prices back below $50, it appears stocks and NOPEC production are trumping any OPEC hype/hope and today's Baker Hughes' rig count merely adds to those concerns. For the 13th week in a row, the number of US oil rigs rose (up 5 to 688, the highest since April 2015).
Last week, U.S. banks boosted the borrowing bases for several independent energy companies, lifting spirits in the industry. The move was taken as a sign that lenders are beginning to share in the optimism that oil and gas producers have been enjoying since the beginning of the year. However, while some banks seem to be sharing some of the optimism, others are more cautious.
Just when you thought it was over - after Trump 'Tomahawks' Putin's pal Assad, and Tillerson trounces Lavrov - and the media had stopped the constant "Russia did it" narrative, the House Permanent Select Committee on Intelligence (which seems like as big an oxymoron as can occur) has called numerous current (and former) officials to testify once again on Russia's "active measures during the 2016 election."
With the USS Carl Vinson finally on its way to North Korea after some initial "miscommunications" between the White House and the Pentagon, on Friday it suffered another embarrassing moment when a F-18 pilot was forced to eject during an attempted landing on the deck of the Vinson in the Celebes Sea, south of the Philippines, the US Navy said in a statement. The pilot was recovered safely.
Just as Reuters' John Kemp warned, it seems the hedge funds have abandoned OPEC. In the good ol' days (of the last year), one mention of production cut deal extensions, or high production cut compliance rates, would have been enough to see levered buying with both hands and feet, self-reinforcing the 'success' of OPEC's plan. Today - that failed!