"We Will Not Seek Permission": Defiant Iran Unveils New Ballistic Missile

Iranian President Hassan Rouhani delivered another snub to the Trump administration when he said that Iran would continue its missile program in defiance of US sanctions, and to underscore the determination, the Iranian Revolutionary Guard unveiled its newest long-range ballistic missile during a military parade in Tehran.

London Bans Uber; Company Vows Court Challenge

In a stunning blow to the world's most valuable private company, London's taxi and livery car regulator has said it won't renew Uber's operating license once it expires at the end of the month. The regulator said Uber "is not fit and proper to hold a private hire operator license."

Frontrunning: September 22

  • North Korea Ramps Up International Rancor With H-Bomb Threat (WSJ)
  • A nuclear test over the Pacific? Logical, terrifying (Reuters)
  • What's a 'dotard'? Kim's insult to Trump (Reuters)
  • From Rubble and Ruin, a Mexican Town Wonders How to Rebuild After the Earthquake (WSJ)
  • Bonuses Are Shrinking. Blame Hurricanes and Trump (BBG)

Bill Blain: How To Catch Rabies In The Junk Bond Market

There are a number of things that worry me. First is the market doesn’t seem to think Toy R Us is symptomatic of wider problems across the whole hi-yield and LBO sector. Scond, high yield spreads continue to tighten against bonds...

One Simple Chart Proves That Facebook Thinks You're A Moron

Please allow us to once again demonstrate why Zuckerberg's apparent obsession with $50,000 worth of ad buys that 'MAY' have been purchased by Russian-linked accounts to run 'potentially politically related' ads is so utterly bizarre...

Complete Preview Of Theresa May's "Florence" Brexit Speech

Media speculation is mounting over the content of UK PM May’s Brexit Speech in Florence tomorrow. This is the first big Brexit-specific speech by the PM following the General Election. It is designed to outline the basis for negotiations at the fourth round of EU-UK negotiations in Brussels next week.