Bannon Subpoenaed By Mueller In Russia Probe

... the subpoena could be a sign that the investigation was intensifying, while others said it may simply have been a negotiating tactic to persuade Mr. Bannon to cooperate with the investigation.

  • Jan 16, 2018 11:53 AM
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Stocks Slammed As VIX Spikes To 1-Month High

The Dow has tumbled back below 26,000 and all major US equity markets are stumbling notably after their exuberant open as VIX extends its pre-market ramp above 11 to its highest in 5 weeks...

  • Jan 16, 2018 11:11 AM
  • 29

Goldman's Commodity Revenue Falls 75% To Lowest On Record

With Goldman having shuttered much of its commodity front-office in recent years, it probably won't come as a big surprise that the bank has become increasingly less reliant on commodities as a profit center following repeated probes into manipulation by Goldman and other big banks, as well as organic revenue declines in the sector.

  • Jan 16, 2018 10:50 AM
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Is It True? Do Low Rates Justify High Valuations

"Beware the investment advisor, pundit, or superstar investor who is certain that extremely low rates cause extremely high stock valuations... Stocks may fall, and interest rates may rise, but the historical record disagrees that one causes the other..."

  • Jan 16, 2018 10:25 AM
  • 27

GE Tumbles After Massive Finance-Arm Charge

Having enjoyed a phoenix-like renaissance in 2018 so far, GE is tumbling in the pre-market, erasing 2018 gains, following reports that the company will record an after-tax charge of $6.2 billion in its fourth quarter results as part of an ongoing review of its finance arm’s insurance portfolio.

  • Jan 16, 2018 8:13 AM
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Frontrunning: January 16

  • GE to Take Massive Charge to Shore Up Insurance Reserves (WSJ)
  • GOP Leaders Struggle to Avert Shutdown After Immigration Blow-Up (BBG)
  • DACA Squabbling Imperils Ability to Avert a Shutdown (WSJ)
  • Bitcoin Plunges 20% (WSJ)
  • China Escalates Crackdown on Cryptocurrency Trading (BBG)
  • Jan 16, 2018 7:54 AM
  • 3