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Submitted by Jesse via Jesse’s Cafe Americain blog, “I don’t understand people…who talk about us as being in decline, and who act as though we are not yet the greatest country that has ever been on the face of the Earth for all of history!” Hillary Rodham Clinton, 25 July 2016 How can we possibly […]Read More

Miraculously managing to beat user growth expectations (313mm MAUs vs 312mm MAUs exp) and EPS (+13c vs +9c exp), Twitter stock is plummeting after-hours after slashing Q3 revenue (and EBITDA) guidance drastically (from $681.4m to between $590 and $610mm). TWTR is trading down 11% after-hours… As Bloomberg reports, Twitter said third-quarter revenue will be less […]

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With all eyes now focused on Gasoline inventories, API’s report surprised with a modest draw (-420k) but a considerablyless than expected draw in Crude (-827k vs -2mm exp) and major build at Cushing (+1.4mm vs 750k exp). Crude had faded into the close after testing stops at $43, and extended losses after the API data […]

While the plunge in Twitter share moments ago put those looking forward to AAPL’s earnings on edge, Tim Cook delivered, beating on both the top and bottom line, reporting Q3 revenue of $42.4 billion, which declined 15% but above the $42.1 billion expected as a result of better than expected iPhone sales, with the company […]

The Central Bank of Nigeria on Tuesday increased the Monetary Policy Rate (MPR) to an unprecedented 14%, the highest we have ever seen. We had expected a rate hike of between 1 -2% considering the inflation rate and the general state of the economy. We also expected the CBN to increase rates as a means […]

Here Lounge in West Hollywood is on the hook for $5.4 million in damages to a woman who was sexually assaulted in the club’s bathroom, despite the club’s policy of posting guards outside of the bathrooms. This number is an affirmation of the lower court’s decision back in 2014. Bathroom Assault Here Lounge is a […]Read More

Are you a lawyer with an appetite? A lover of fine wines, heirloom vegetables, perfectly frosted donuts? Well, you don’t need to keep your food, booze, or candy passions outside of your work life. For the lucky few, there’s a career to be made in craft spirits, farm-to-table agriculture, or just pizza. If you’re looking […]Read More

Share on Facebook Tweet on Twitter Move over, Saudi Arabia and Russia. America now has more untapped oil than any other country on the planet. That’s according to a new report from Rystad Energy that estimates the U.S. is sitting on an incredible 264 billion barrels of oil reserves. It includes oil in existing fields, […]

United Bank For Africa (UBA), Tuesday, denied involvement in the July 15th failed coup attempt in Turkey, as reported. Mr. Charles Aigbe, Head of Communications ,UBA, Plc, in a terse statement, said, “UBA is aware of the on-going and spurious media speculation linking our institution to recent events in Turkey. In light of this we […]

Despite its supposed seasonal adjustment, Case-Shiller home price growth in May tumbled for the 3rd year in a row (in fact, with revisions, the 0.23% drop since March is the biggest drop since June 2014). This is the first consecutive home price drop since 2012. The almost unbelievable ‘stability’ of the 5-ish percent growth in […]

In another reminder that monetary unorthodoxy in the face of NIRP is coming to a savings account near you, overnight the RBS banking group warned 1.3 million customers they could be charged negative interest rates if the Bank of England cuts base rates below zero. The group, which includes NatWest, wrote to its business and […]