Frontrunning: December 26

  • Analysts Cut iPhone X Shipment Forecasts, Citing Lukewarm Demand (BBG)
  • North Korea likely to pursue talks, says South (Reuters)
  • The quiet probe into Clinton email investigation could be a landmine for Robert Mueller (USA Today)
  • Bitcoin rises 10 percent, recovers from last week's brutal selloff (Reuters)
  • U.S. Retailers Feel Christmas Cheer After a Tough Year (WSJ)
  • Kremlin Sees ‘Unbearable’ Risk to U.S. Ties in New Sanctions (BBG)
  • Murder in America: What Makes Cities More Dangerous (WSJ)
  • Venezuelans scramble to survive as merchants demand dollars (Reuters)
  • College-Educated Women Are Moving Away From the GOP (WSJ)
  • The Next Big Trade for Bond Investors Is Betting on U.S. Homeowners (BBG)
  • Rural Businesses Face Dwindling Pool of Lenders (WSJ)
  • Hugh Hefner, Roger Ailes, David Rockefeller: The Year in Deaths (BBG)
  • What Ever Happened to Donald Trump's Wall? It's in Pieces, in the Desert (BBG)
  • Uber to Sell U.S. Auto-Leasing Business to Startup (WSJ)
  • U.S. IPOs Bounce Back: Five Key Measures of 2017's Listings (BBG)
  • China to Overtake U.S. Economy by 2032 as Asian Might Builds (BBG)
  • QuickTakes Explain the Year Ahead (BBG)
  • November’s Swiss Watch Exports Show That China Is Once Again Red Hot (BBG)
  • China Signals Slower Growth Is Acceptable to Tackle Debt, Smog (BBG)

Overnight Media Digest


- Regulators in the Trump administration are proposing to roll back safety measures put in place after the 2010 Deepwater Horizon oil spill, a revision that would reduce the role of government in offshore oil production and return more responsibility to private companies.

- A unit of investment manager Neuberger Berman, Dyal Capital Partners LP purchased a minority stake in the credit business of Cerberus Capital Management LP. The deal signed Friday values Cerberus Business Finance at about $2 billion.

- The Saudi government in recent days has released at least two dozen high-profile suspects held in a wide-ranging crackdown on corruption, a sign that those accused of illegally amassing wealth are increasingly agreeing to settle as authorities push to expedite the investigation process.



- Steven Cohen, the billionaire investor whose career was nearly derailed by a government crackdown on insider trading, is days away from once again being able to manage other people's money, as the two-year ban that barred Cohen from running a hedge fund expires at year's end.



** Small-business advocates in Alberta are raising concerns about new provincial employment standards that take effect on Jan. 1, rules they say will bring added costs and regulatory burdens to businesses. (

** Foreign Affairs Minister Chrystia Freeland says the Venezuelan ambassador to Canada and another senior diplomat are no longer welcome in the country, biting back at Venezuela's decision to expel the top Canadian envoy from Caracas over the weekend. (

** Manulife Financial Corp is preparing to take two charges worth C$2.9 billion in its fourth quarter as U.S. tax reforms and a new investment strategy reshapes the business. (

** Rogers Communications Inc, BCE Inc and Telus Corp sparked a flurry of demand last weekend with unprecedented deals offering 10 gigabytes of data for C$60 per month for customers in Ontario, Alberta and B.C. that brought their own phones. (