"Impeach Trump" Billboards Have Come To Times Square

For 10 minutes out of every hour through to New Year’s Eve, billboards on Times Square will direct passers-by to a website where they can sign a petition calling for US President Donald Trump’s impeachment...

Core Capital Goods Orders Plunge Most In 13 Months

After rebounding from its July jolt, Durable Goods New Orders dramaticaly missed expectations in October (dropping 1.2% vs expectations of a 0.3% rise). Perhaps even more concerning is the drop in Core Capital Goods Orders (-0.5% MoM vs expectations of a 0.5% rise) - the biggest drop in 13 months.

Frontrunning: November 22

  • Uber Is Facing Yet Another Irate UK Watchdog (BBG)
  • Oil Is Heading Towards a Two-Year High (BBG)
  • Regulators to press Uber after it admits covering up data breach (Reuters)
  • FOMO Fails to Drive European Stocks While Rest of World Parties (BBG)
  • Putin Hosts Assad in Sochi Ahead of Syria Summit (WSJ)

Navy Plane Crashes Into Pacific Off Okinawa With 11 Aboard; 3 Missing

In an incident reminiscent of the two accidents earlier this year involving Navy destroyers deployed in the Pacific, a Navy plane carrying 11 military personnel crashed Wednesday in the Pacific near Okinawa. Eight of the passengers have been rescued but three are still missing.

Asian Stocks Smash Records; Dollar Slides As Crude Surges To July 2015 Highs

Global shares hit another record high on Wednesday, propelled higher by what increasingly more call (ir)rational exuberance, and investors’ unflagging enthusiasm for tech stocks, even as the yield curve continued to flatten. Meanwhile, oil jumped to 2.5 year highs pressuring yields as the dollar slid to a one month low.

Oil Price Drop Imminent If Moscow Says "No" To Extension

As the November 30 meeting in Vienna of OPEC and its partners in the oil production cut deal nears, worry has returned among traders: one of the brokers of the deal might decide to walk out on the deal instead of participating in another extension.

Geoblocking Prevalent For EU's Online Shoppers

This week, the European Union agreed to end unjustified geoblocking preventing customers from visiting and doing business on their website due to being resident in another EU member state...