UK Construction Giant With 43,000 Employees Collapses

Carillion, a major British construction company which employs 43,000 people around the world, collapsed on Monday after rescue talks with stakeholders including the British government failed to yield a bailout.

  • Jan 15, 2018 3:46 PM
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Citi Reveals The Reason Behind The Market's Meltup

"Though both the Fed and ECB are scaling back their balance sheets, the increase in EM FX reserves recently, with Chinese FX reserves doing the majority of the heavy lifting, has gone some way to offset this."

  • Jan 15, 2018 2:22 PM
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The Dollar Is Collapsing

The last four days have seen the US Dollar plunge 2% - the biggest drop since June 2016, pushing precariously close to its weakest since January 2015.

  • Jan 15, 2018 2:00 PM
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Jim Kunstler On America's Racism-O-Rama

"How come there is no recognition that the promotion of multi-culturalism militates against the idea of a national common culture - e pluribus unum (out of many, one) - leaving nothing for any people to assimilate into? "

  • Jan 15, 2018 12:25 PM
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DC Metro Train Derails With 60 Onboard

One month after a deadly train derailment in Washington State killed three people, America’s crumbling infrastructure was on display again Monday when a DC Metro train derailed in a tunnel in downtown Washington DC.

  • Jan 15, 2018 8:38 AM
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Dollar Tumbles As Euro Soars To 3-Year High; US Markets Closed

With US markets closed for holiday, it has been a quiet European session, with Asia similarly subdued, while continued USD weakness, now in its 4th consecutive day, has been the main focus as Bloomberg’s dollar index approached its lowest level in three years.

  • Jan 15, 2018 8:12 AM
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