Apple and Goldman are set to launch a new joint credit card, a move that would deepen the technology giant’s push into its customers’ wallets and mark Goldman's first foray into plastic.
When the market welcomes a bank being fined $4.9 bln, that’s a good thing… ??? Or when headlines speak of “Berlusconi green lighting an Italian populist government”, the market doesn’t panic more? What about Malaysia – and what we thought we knew about EM. Wake up and smell the coffee moments all around.
For all the drama about declining Iranian oil production and exports now that the US has restored sanctions against Tehran, many are predicting that Iran's oil output will not drop and, if anything, may even rise in the coming months.
One day after Trump announced he will withdraw the US from Obama's landmark 2015 deal to curb Iran’s nuclear program, this is how the world and capital markets are reacting...
Shorting this basket, while going long the most shorted hedge fund names, could be one of the more profitable pair trades heading into a volatile summer season.
"There are few in Wall Street who can represent more egregiously today's crony capitalism than Warren Buffett... Bitcoin stands tall as a symbol against all that. Obviously he does not like it."
Recep Tayyip Erdogan decided he had had enough of watching a run on his currency, and on Wednesday he summoned economic decision makers to his palace to discuss the plunge in the lira, Bloomberg reported.
ICE “has had conversations with other financial institutions about setting up a new operation through which banks can buy a contract, known as a swap, that will end with the customer owning Bitcoin the next day..."
"The normalization of monetary policy in advanced economies should continue to prove manageable for EMEs. Markets should not be surprised by our actions if the economy evolves in line with expectations."
U.S. futures and European stocks are modestly lower, following a mostly green Asian session, amid increasing jitters over today's 2pm announcement by President Trump in which he will unveil the fate of the Iran nuclear deal.
"Of course, Wall Street won’t like this much because they can’t charge you a fee if you are sitting on a mountain of cash awaiting the opportunity to 'buy' their next misfortune."
"The Economist used to be boring, but smart with a wicked dry wit. Now it’s just boring (sigh). Tesla will be profitable & cash flow+ in Q3 & Q4, so obv no need to raise money." - Elon Musk, April 13, 2018
While economic data reporting enters a brief lull in the post-payrolls week, there are still market-moving catalysts this week, and none more important than this week's US CPI print.
