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North Korea Seen Moving ICBM Into Position For Possible Launch: Report

Confirming overnight intel reports, on Monday South Korea's Asia Business Daily reported that North Korea has quietly started moving (during the night-time) an ICBM-class missile following Sunday's nuclear test, in preparation for a possible launch over the next five days.

Venezuelans Face 25 Years In Prison For "Hate Or Intolerance"

In a harbinger of what - for various reasons - may be coming to the US, Venezuela's brand new "all-powerful" constituent assembly is set to pass a bill that will jail anyone who expresses "hate or intolerance" for up to 25 years, a measure which the local opposition - and everyone else - is certain will be used by Maduro's regime to silence and punish all dissent.

15% Of Greenlight Capital Investors Submit Redemption Requests

David Einhorn's Greenlight Capital was slammed with redemptions on June 30, and has been forced to pay back more than $400 million in clients withdrawals at midyear, as more than 15% of eligible investors chose to redeem their money.

Frontrunning: June 26

  • Italian Bank Deal Raises Questions About Eurozone Rules (WSJ)
  • UK PM May strikes $1.3 billion deal to get Northern Irish DUP support for her government (Reuters)
  • Nestle Targeted by Dan Loeb in Activist’s Biggest-Ever Bet (BBG)
  • Nestle 'committed' to strategy as activist investor moves in (Reuters)
  • Troubled Air-Bag Maker Takata Files for Bankruptcy (WSJ)

Frontrunning: June 13

  • The Snowballing Power of the VIX, Wall Street’s Fear Index (WSJ)
  • Beneath the Uneasy Peace Between Donald Trump and Janet Yellen (WSJ)
  • Senators to Query Sessions on Russia, Comey (BBG)
  • U.S. lawmakers to probe Tillerson on Russia, diplomacy budget cuts (Reuters)
  • Under pressure to soften Brexit, PM May to meet Northern Irish 'kingmakers' (Reuters)

Cryptocurency Chaos: Bitcoin Bounces Back After Crashing As Asian Fever Re-Emerges

After crashing $500 from its intraday highs today, Bitcoin has bounced back $300 off its intraday lows extending gains into what is likely to be another frenetic Asian session. While there are numerous drivers of the recent action, 'scaling' and 'asian fever' are the greatest factors with Japanese and Korean premia exploding.

Bitcoin Blasts Through $2200, Here's Why

Bitcoin is up almost 15% today, breaking through $2000, $2100, and now $2200. As we detail below, there are numerous drivers for this sudden surge in the virtual currency...

Will Trump Spark An Offshore Drilling Boom?

In a bid to fend off criticism over a dearth of achievements in his first 100 days in office, President Trump plans to sign a flurry of executive orders this week. Among them is an executive order intended to open up new areas of offshore oil and gas drilling.

Einhorn: "The Longs Say Stocks Can Only Go Up, Seemingly To Infinity And Beyond. We Have Seen This Before"

"The bulls explain that traditional valuation metrics no longer apply to certain stocks. The longs are confident that everyone else who holds these stocks understands the dynamic and won’t sell either. With holders reluctant to sell, the stocks can only go up – seemingly to infinity and beyond. We have seen this before. It’s painful for the shorts, as the TSLA CEO has been happy to remind everyone via Twitter."