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Global Rally Fizzles After "OPEC Shock" In "Slow Risk-Off Session"

May 26, 2017 - 8:52pm
Global Rally Fizzles After "OPEC Shock" In "Slow Risk-Off Session"

S&P futures were fractionally lower from yesterday's record high as European stocks declined and Asian stocks were mixed, pressured by yesterday's 5% plunge in crude after OPEC unexpectedly "failed to surprise" markets, and announced the bare minimum supply cut extension that was expected by oil traders, who in turn puked long positions.

Travel To US Has Tumbled 16% Since Trump Took Office, Foursquare Says

May 26, 2017 - 2:46am
Travel To US Has Tumbled 16% Since Trump Took Office, Foursquare Says

Social-media company Foursquare has crunched the data generated by its 50 million active monthly users and determined that America’s share of the international tourism market has fallen sharply since October.
According to data published on the company’s blog, visits by foreigners to the U.S.  started to decline in October, when they fell by 6% year-over-year. The decline has continued through March 2017, the latest month for which Foursquare has data, when visits declined by an astounding 16%.

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