A Path To War? China Cancels US Trade Talks As ‘Skirmish’ Escalates

Following a surge in Chinese, European, and much of the US equity markets this week amid hopes that the so-called ‘trade skirmish’ was less ‘war-like’ than expected, China just dropped an early Saturday morning (local time) tape bomb that is sure to resurrect ‘trade war’…

World Stocks, 10Y Yields Rise As Trade Tensions Ease; Dollar Slides

World stocks and US equity futures continued to rise on Thursday in thin trade amid relief that the latest U.S. and Chinese tariffs on were less harsh than feared despite concerns about next steps in the US-Sino trade war, helped by a dollar which slid…

Senate Passes Sweeping Bill To Combat Opioid Crisis As NYC Overdose Deaths Hit Record High

Amid reports that opioid overdose deaths in New York City have climbed over the past year to fresh record highs, the Senate has passed a sweeping suite of legislation designed to stem the flow of deadly and illicit synthetic opioids like fentanyl into the US…

Crypto Tumbles As Mysterious $720 Million Bitcoin Wallet Wakes Up And Starts Dumping Coins 

Cryptocurrencies are down hard once again since Friday’s ‘close’ amid little to no news-based catalysts… Some have argued, as first reported by CryptoCoinsNews (CCN), a crypto wallet containing $720 million worth of Bitcoin and an unknown owner have woken up after four years of hibernation,…

OPEC Warns Of Slowing Oil Demand Amid Growing Risks To Global Economy

Amid fears of global oil supply disruption and production curbs, in its latest monthly report, OPEC expects global oil supplies to remain stable, while cautioning that demand is becoming a growing concern. In the latest report, OPEC said that preliminary data suggested that the global…

WTI Spikes Above $70 After Huge Crude Draw

Amid east coast disruptions and Iran-related headlines, WTI spiked above $69 ahead of tonight’s inventory data, before extending gains when API reported a much bigger than expected crude draw (-8.4mm vs -1.75mm exp).   API Crude -8.636mm (-1.75mm exp) – biggest draw since July 2018…

FANG-Less Stocks Drift Aimlessly As Trade War Tensions Loom

With US traders starting the new week amid concerns of more bad news on the trade front – at least those who were not out for Rosh Hashanah – and further profit taking in the FANG complex, the final result was probably better than most…

WTI Extends Losses After Smaller Than Expected Crude Draw

WTI continued to drift lower today into the inventory data amid concern that “emerging-market contagion is going to suppress economic growth and limit demand,” said Gene McGillian, manager of market research at Tradition Energy. API reported a third weekly draw in a row for Crude inventories…

Rights groups to Google: No censored search in China – SFGate

… the company not to offer censored internet search in China, amid … Rights groups to Google: No censored search in China BEIJING (AP … urging Google not to offer censored internet search in China, amid … VISIT THE SOURCE ARTICLE Rights groups to Google:…