WTI/RBOB Extend Losses After Surprise Crude Build

WTI/RBOB sank on the day as Macron suggested a new Iran Deal that may work for President Trump, but after API reported a surprise crude build (+1.099mm vs -2.25mm exp), energy prices kneejerked lower. Macron “has quickly switched to ‘let’s negotiate a new deal.’ It…

Generics To Face Imminent Charges In Price-Fixing Probe; Mylan Tumbles

A year and a half after news first broke  in November 2016 that the DOJ – at the time still under the Obama administration – was preparing a “massive” price-fixing probe into generic drugmakers, moments ago Bloomberg reported that U.S. prosecutors are nearing their first…

U.S. Funds Scandinavian Humanitarian Group that Helps Islamic Terrorists

A global humanitarian group that receives generous U.S. government funding helps Islamic terrorist organizations abroad and a country that appears on the State Department’s list of nations that sponsor terrorism. The Scandinavian organization, Norwegian People’s Aid (NPA), recently settled a case in U.S. federal court…

Retraction Watch readers, we really need your help

Dear Retraction Watch readers: We hope that you continue to enjoy Retraction Watch, and find it — and our database of retractions — useful. Maybe you’re a researcher who likes keeping up with developments in scientific integrity. Maybe you’re a reporter who has found a…

US CENTCOM Chief Makes “Secret And Unprecedented” Visit To Israel As Russia Mulls Arming Syria

Increasingly it appears that the recent US coalition missile strikes on Syria have utterly backfired: instead of weakening Syria or degrading its military capabilities, the attack may have actually served to strengthen Syria’s defenses.  Since the massive strike which involved the US, UK, and France…

Armenia’s Prime Minister Steps Down Amid Protests

Today the mood in Armenia is that of elation – many people are cheering and dancing to loud music in the streets of the capital, Yerevan, and around the country as they celebrate the resignation of Prime Minister Serzh Sargsyan following 11 days of massive…

Deutsche Bank Considers Exiting US Cash Equities Business

Just two weeks after John Cryan’s ouster, Bloomberg reports that, according to people familiar with the matter, Deutsche Bank is considering extensive cuts to its cash equities business in the U.S.. It appears new CEO Christian Sewing is leaving no stone unturned as he continues…

Gundlach: “Buy Oil, Short Facebook”

Jeff Gundlach is currently speaking at the Ira Sohn conference, where he has reiterated the one trade that he has been pitching since the start of the year, namely go long commodities, which as a reminder was presented in December 2017 as his “favorite trade…

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