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Global Markets Spooked By North Korea H-Bomb Threat; Focus Turns To Brexit Speech

September 22, 2017 - 9:01pm
Global Markets Spooked By North Korea H-Bomb Threat; Focus Turns To Brexit Speech

S&P futures retreated along with European and Asian shares with tech, and Apple supplier shares leading the drop while safe havens such as gold and the yen rose, as the war of words between U.S. President Donald Trump and Kim Jong Un escalated and North Korea threatened to launch a hydrogen bomb, leading to a prompt return of geopolitical concerns. Trade focus now turns to a planned speech by Theresa May on Brexit (full preview here).

London Unexpectedly Revokes Uber's Operating License; Company Vows Court Challenge

September 22, 2017 - 8:14pm

In a stunning blow to the world's most valuable private company (purportedly worth some $70 billion), London's taxi and livery car regulator has said it won't renew Uber's operating license once it expires at the end of the month. The regulator said Uber "is not fit and proper to hold a private hire operator license."

"TfL considers that Uber's approach and conduct demonstrates a lack of corporate responsibilit in relation to a number of issues which have potential public safety and security implications. These include:

Traders Yawn After Fed's "Great Unwind"

September 21, 2017 - 8:57pm
Traders Yawn After Fed's "Great Unwind"

One day after the much anticipated Fed announcement in which Yellen unveiled the "Great Unwinding" of a decade of aggressive stimulus, it has been a mostly quiet session as the Fed's intentions had been widely telegraphed (besides the December rate hike which now appears assured), despite a spate of other central bank announcements, most notably out of Japan and Norway, both of which kept policy unchanged as expected.

Tweeting While the Planet Burns

September 21, 2017 - 2:00pm

It's January 2025, and within days of entering the Oval Office, a new president already faces his first full-scale crisis abroad. Twenty-four years after it began, the war on terror, from the Philippines to Nigeria, rages on. In 2024 alone, the US launched repeated air strikes on 15 nations (or, in a number of cases, former nations), including the Philippines, Burma, Pakistan, Afghanistan, Yemen, the former Iraq, the former Syria, Kurdistan, Turkey, Saudi Arabia, Egypt, Tunisia, Libya, Mali, and Nigeria.

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