Could The Genoa Disaster Happen In The US?

After the catastrophic bridge collapse in Genoa earlier this week, fears are mounting that the U.S. could experience a similar event. The American Road and Transportation Builders Association (ARTBA) listed 54,259 bridges that were deemed “structurally deficient” in 2017 and it would take an estimated 37 years to…

High Noon in Charlottesville

Earlier in the afternoon, the historic grounds at the University of Virginia (UVA) were all but empty, and the barricades had been removed from the Lawn after yesterday’s address by new UVA President James Ryan.  The Lawn had been cordoned off for a ticketed event…

Bonds & Bitcoin Bid As Musk Massacred, Russia Routed, & Turkey Trampled

To all the Tesla bulls who bought earlier in the week on Musk’s Tweet… China stocks rebounded overnight   Mixed day for Europe, Germany up, Italy down…   Nasdaq and Small Caps in the US led the day (short squeeze, see below) but Dow, S&P,…

New York City Approves Cap On Uber Drivers, Sets Minimum Wage

Update: As previewed earlier, and expected, New York’s city council dealt a political blow to Uber and other app-based car-for-hire companies by approving a one-year industry-wide cap on new ride-hail licenses and giving the city Taxi & Limousine Commission authority to set minimum pay standards for…

Half of Voters Agree: U.S. Immigration Laws Are the Worst; Shutdown Isn’t the Solution

In a speech earlier this week, President Trump said, “It’s time we had proper border security. We’re the laughingstock of the world. We have the worst immigration laws anywhere in the world.” While nearly half of voters agree with the president’s statement, they’re not convinced…

Here Is The Full List Of US Products That Will Be Hit With New Chinese Tariffs

Stoking the flames of the relentless trade war between the US and China, earlier today Beijing unveiled a list of $60 billion of some 5,207 goods imported from the United States that will be taxed with extra tariffs ranging from 5 to 25%, should the…

Deutsche Bank FICC Tumbles 17%, Worst Q2 Since The Financial Crisis

Back on July 16, in an attempt to boost its flailing stock which just weeks earlier hit an all time low, Deutsche Bank reported preliminary results that were better than analysts had expected. It saved the not soo good news for its official earnings release…

Trump To Announce Multibillion Stimulus For Farmers

Earlier this month we reported that not everyone was happy with Trump’s trade war, and as a result of plunging commodity prices, especially soy, one group emerged as especially hard hit by the administration’s tariffs: farmers. Two weeks ago, we quoted Casey Guernsey, a spokesman…

A university is revoking a student’s PhD — but not because of misconduct

Earlier this month, Tokushima University in Japan announced it was revoking a student’s PhD degree — but for a somewhat unusual reason. The student didn’t appear to commit misconduct. Rather, the authors discovered a series of errors that invalidated the paper’s central conclusion. The case…

SEC Investigating Why Facebook Didn’t Disclose Cambridge Analytica Data Breach

After reporting earlier this month that the Securities and Exchange Commission had joined the federal investigation into Facebook over its failure to disclose Cambridge Analytica’s misues of user data, the Wall Street Journal revealed on Thursday exactly what the agency is investigating. In keeping with…