admin

The Economic and financial Crime Commission (EFCC), on Thursday, May 12, 2016, raided the home of Femi Fani-Kayode, who is currently in their custody.  A statement issued by Jude Ndukwe, SA Media to Chief Femi Fani-Kayode, said, the raid, which was the forth within the last seven days was with out a warrant. In his […]

The National Emergency Management Agency (NEMA) on Thursday confirmed that it had closed down six Internally Displaced Persons (IDPs) camps in Adamawa, following the return of the inmates to their homes. Mr Sa’ad Bello, NEMA Coordinator in the state, told Huhuonline. Com source in Yola that more than 95 per cent of the 90, 000 […]

It’s turning out to be a bad week for Facebook. As we reported earlier, it was learned that Facebook’s news feed routinely suppressed conservative news. Now, Recode is reporting that Facebook training documents given to its editors have leaked, and they reveal that editors select trending news topics from just ten editors, only one of […]

Submitted by Jeffrey Snider via Alhambra Investment Partners, I have referred to the June 2003 FOMC meeting many times before and I suspect that I will continue to do so long into the future. It was one of those events that should be marked in history, truly relevant to the future developments that became panic […]

As reported earlier on Pitchbook, regulators are venturing into fintech targeting online lending platforms.  Numerous lending platforms evolved post financial crisis in order to extend credit to millions of Americans that normal banks couldn’t extend credit to, or just flat out wouldn’t extend credit to. As is natural with internet companies, though, the methodologies employed […]Read More

Following today’s Brazilian Senate vote, which as reported earlier was expected to vote overwhelmingly to endorse Dilma Rousseff’s impeachment and did just that in a 55-22 vote, Rousseff appealed to the public in a televized broadcast and condemned the move to impeach her as a “coup” and a “farce“, denying she has committed any crimes. […]Read More

While oil bulls were delighted by yesterday’s DOE news of an inventory drawdown refuting the prior day’s API news of a major build, what was ignored was the build in Cushing storage (more on that shortly), which according to Genscape hit a utilization just shy of 80%, or more than 70 million barrels, a record […]

The situation in Venezuela is reaching all out chaos, as crippling socialist policies have resulted in a devastating power and food shortage, as well as looming political instability. This is Caracas today… These are hungry Venezuelans protesting that their children are dying from lack of food and medicine and that they do not have enough […]

Seriously… [embedded content] Stocks were mixed today -Trannies and Nasdaq tumbled, the S&P ended marginally red and Dow barely held green.. Stocks were saved in the pre-NYMEX ramp from crude… The path was insanely schizophrenic as algos have gone wild…(after soaring early, then crashing, then melting up) The Dow has traveled 1500 points since the […]Read More

After many prominent blow ups in the retail and consumer space in the past week, moments ago Nordstrom was the latest casualty of the US consumer’s unwillingness to spend money when the company reported Q1 EPS of $0.26, missing consensus estimates of $0.46 by nearly half, and about a third of what the company earned […]

One month ago, when we updated on the performance of Horseman Global, what until recently was the world’s most bearish hedge fund with a record net short exposure of -98%… … at least until Icahn Enterprises emerged with its even more gargantuan -149% net short… … we cited fund CIO Russell Clark who observed the […]

Submitted by Lance Roberts via RealInvestmentAdvice.com, Stop Blaming Consumers, They Can’t Help It Since 2009, mainstream economists, the media, and the Fed have continued to prognosticate a resurgence of economic growth. Yet each year, as shown in the chart of Fed forecasts below, such predictions have repeatedly overstated reality. Since the economy is almost 2/3rds […]