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Following two days of inexplicable attacks by none other than a Supreme Court Justice, who said she would move to New Zealand if Trump were elected, as well as calling Trump “a faker”, the Donald finally snapped and ripped Supreme Court Justice Ruth Bader Ginsburg in a Twitter message late Tuesday. “Justice Ginsburg of the […]

Following the much anticipated ruling by the international court which found yesterday that China does not have a right to claims on the South China Sea, an unexpected supporter for China’s position – which has vocally warned it won’t comply with the tribunal’s ruling – emerged overnight when Taiwan, which shares territorial claims with China […]Read More

Yesterday, JPM’s Adam Crisafulli explained the simplistic explanation why according to his trading desk, the JPM is headed promptly toward Goldman’s 2017 year end target of 2,200: $130 in EPS and a 17x multiple. This morning, Crisafulli shifts from the quantitative and focuses on the qualitative, laying out the three narratives that explain the persistent […]Read More

Submitted by David Stockman via Contra Corner blog, Since last Friday’s phony jobs report the casino has become so unhinged that analysis is beside the point. A picture worth an eventual thousand point drop on the S&P 500 will do the job. While we are waiting it might be wondered, however, whether nearly two decades of central […]Read More

The Bank of Canada did not surprise moments ago when it kept the overnight rate at 0.5%, as expected The Bank said that the “current stance of monetary policy is still appropriate” adding that risks to inflation profile are roughly balanced. It also said that “fundamentals remain in place for a pickup in growth over […]

With the majority of Americans disapproving of FBI Director Comey’s (and implicitly Loretta Lynch’s) decision to let Hillary off, it is perhaps not surprising that in the first major poll following the email-gate debacle, Donald Trump has taken the lead in three key swing states and narrowed Clinton’s lead overall to just 3 points. As […]Read More

Following last night’s surprising inventory builds (from API), DOE once again totally dismissed the headline with a 2.55mm draw. However, the numbers are all over the place with major builds in gasoline (1.2mm) and distillates (+4.058mm – the biggest in six months). Last week’s plunge in crude production (Alaska-driven) was followed by a 0.6% surge […]Read More

Over the past several years, one of the biggest believes in the Valeant “story” was formerly iconic hedge fund Sequoia, which until recently had posted returns so impressive, some had compared its founders Bill Ruane and Rick Cunniff to Warren Buffett. Then, of course, Valeant imploded, a series of internal transitions occurred leading to the […]

Via The Feral Irishman, The hacktivist group Anonymous is now calling for nationwide Day of Rage protests on Friday, July 15th. The video below promotes the protests. (WARNING: There is some disturbing and graphic violence in this video): [embedded content] Use this as a list of places NOT to be on Friday the 15th. While […]

According to a survey by Grant Thornton, the professional services group engaged in audit, tax and advisory services, 46 per cent of companies globally expect an uplift in their revenues over the coming year — an increase of 11 percentage points in the number making this prediction in the first quarter of 2016. Globally, businesses […]

A recent article from Thisday has revealed the major roles three Federal Government agencies played in the current financial troubled waters Skye Bank finds itself in. The article written by Ijeoma Nworgugu explains in details how several bad decisions by the now resigned Board and Management team led to a major loss of value for […]

Nigerian stocks closed trading on a negative note as the all share index dropped -0.44%. Market capitalization at the close of trading was N9,867,447,436,755.64. Highlights of today’s trading session. NSE All Share Index was 28,730.42 down -0.44%. Market capitalization closed at N9.87 trillion compared to yesterday’s market capitalization of 9.9 trillion . Volume of shares traded was 190,302,039.00 units. Top […]Read More