Bloomberg News

Re-evaluating Crude Oil Speculative Positioning

"I still hate crude oil and believe the next surprise will be lower rather than higher. But a little weekend thinking has forced me to re-evaluate the true extent of the supposed extreme speculative positioning..."

Civil Asset Forfeiture - Ruining Lives, While Failing To Stop Crime

Though the major point of conversation this week was about Trump’s threat to a state legislator, the bigger story should be the implicit support Trump gave to civil asset forfeiture, whether he realized it or not. And if you are not aware what civil asset forfeiture is, it is (surprisingly) something that is agreed by both sides of the aisle to be unjust and unconstitutional, and rightfully so.

Deutsche Bank To Slash Jobs Across Equity, Fixed Income Trading

Having seemingly survived their existential crisis last year, it appears the world's most systemically dangerous bank remains under pressure. Just a day after missing analysts' earnings expectations, Deutsche Bank is set to announce major job cuts across its trading businesses.

Deutsche Bank Tumbles On "Very Weak" Q4 Results, Surging Client Redemptions

After staging a remarkable recovery in its stock price since last summer's record lows, nearly doubling from its September price, Deutsche Bank shares tumbled this morning after the bank reported a net loss of €1.89 billion for the fourth quarter, which while better than the €2.12 billion loss one year ago, was a big miss to the consensus expected shortfall of €1.32 billion.

Mnuchin Dashes Banker Hopes That Prop Trading Is Coming Back

In follow up remarks to lawmakers, Steven Mnuchin said even banking units that lack a government backstop should be restricted from making speculative trades: "a legal distinction between the insured and non-insured entity is an important factor in eliminating risky activities within the institution that has” insured deposits.

Hungary To Launch Crackdown On All George Soros-Funded Organizations

Hungary will use "all the tools at its disposal" to “sweep out” NGOs funded by George Soros, which “serve global capitalists and back political correctness over national governments,” Szilard Nemeth, a vice president of the ruling Fidesz party, told reporters on Tuesday.

Time Warner Slides On Report Trump Still Opposes AT&T Merger

Slowly but surely, Trump is dismantling the massively overpriced market, one stock at a time, and after taking a detour into the world of FX earlier when he slamming the Peso for the second time this week when he warned Toyota not to build a planta in Baja, Mexico, moments ago Time Warner slumped on Bloomberg news that Trump has told a confidant that he still opposes the AT&T- TIme Warner deal.

Can The Canadian Oil Industry Recover In 2017?

Even with the recovery in conventional oil and gas looking positive in 2017, the lack of major capital investment in oil sands that has become the norm in the past decade will be painful with no relief in sight.

Will Investors Get 'Hustled' By The Pros In 2017?

If you think you’re hearing a wee bit of a mixed message emanating from households and businesses, you’re not losing your marbles. If the stars don’t align perfectly, if the sequel doesn’t best the original, smaller investors might want to wise up to the fact that they’re being hustled by the equivalent of professional gamblers.