Medallion

Regulators Are Probing RenTec's "Secret Trading Code"

Commodity Futures Trading Commission are probing the "secret trading code" at RenTec run by Democrat, and Hillary Clinton supporter, James Simons and Trump's most influential financial backer, Robert Mercer,

Cab Drivers Union Says Chicago Taxi Industry Near Collapse

Across Chicago, the number of taxi rides dropped from 2.29 million in January 2014 to 1.1 million in January 2017, according to a report released recently by Cab Drivers United, AFSCME Local 2500. As a result, the average monthly income per medallion has fallen by $2,000 during the same time.

Chicago Cab Industry Collapsing As Medallion Foreclosures Soar

"It feels like the city is just watching us collapse.  Right now, there are a few people, the elderly and some others who refuse to take Uber because they are uncomfortable with it, that keep us going. But how many of those people are out there to sustain us?"

Mike Flynn Tells FBI He Will Testify In Exchange For Immunity

Mike Flynn, President Donald Trump’s former national security adviser, has told the FBI and congressional officials investigating the Trump campaign’s potential ties to Russia that he is willing to be interviewed in exchange for a grant of immunity from prosecution.

"He Certainly Has A Story To Tell" - Statement From Mike Flynn's Lawyer

"[Flynn] is now the target of unsubstantiated public demands by Members of Congress and other political critics that he be criminally investigated. No reasonable person, who has the benefit of advice from counsel, would submit to questioning in such a highly politicized, witch hunt environment without assurances against unfair prosecution."

Uber's Massive Cash Burn Problem: 2016 Loss Set To Hit A Record $3 Billion

Despite its eye-popping valuation courtesy of a growth curve which until recently was truly unprecedented (at least until the company's sudden withdrawals from China), Uber has a big problem: an unprecedented cash burn, which if not getting worse with every passing quarter, is certainly not getting better, and in 2016 is expected to hit a record $3 billion on over $5.5 billion in revenue.

Frontrunning: November 21

  • Dollar dips, stocks fall as Trumpflation trade pauses (Reuters)
  • A profile of RenTec's Medallion fund: Inside a Moneymaking Machine Like No Other (BBG)
  • Mattis, Christie, Giuliani in contention for top posts (Reuters)
  • Paulson’s Big Long: A Bet on Trump Yields Power and Profit (BBG)
  • Ex-PM Fillon is favorite to win French conservative presidential ticket (Reuters)
  • In weekend of deliberation, Mattis favored for Trump Pentagon chief (Reuters)

Lady Gaga Channels Hitler in Chilling Speech At Hillary Clinton Rally

Lady Gaga made waves on social media Monday night when she took the stage at Hillary Clinton’s final rally, sporting an outfit eerily resembling a Nazi uniform. The pop star pounded the podium and pointed at the crowd, ironically mimicking the powerful speaking style made famous by Adolf Hitler himself. At one point, Gaga declared “Hillary Clinton is made of steel. Hillary Clinton is unstoppable." Despite a social media backlash, numerous mainstream media sites rushed to her defense.