In an unexpected statement made by the former COO of Goldman Sachs and current director of Trump's National Economic Council, Gary Cohn told a private meeting with lawmakers on the Senate Banking Committee on Wednesday evening that he could support legislation breaking up the largest U.S.
Authored by Irina Slav via OilPrice.com,
Iraq has plans to boost its crude oil production by 600,000 bpd to 5 million bpd by the end of this year, regardless of its participation in OPEC’s production cut deal. Iraq is the cartel’s second-biggest exporter of crude and has been the most disinclined of all parties to the agreement since its inception, with a lot of observers expecting it to be the first one to cheat.
Moments ago Twitter shares slumped, then rebounded...
... after Ev Williams, co-founder of Twitter, published an article on Medium in which he explained why he - along with apparently everyone else these days - is "selling some twitter shares"
As he explains... "After a year and a half of no selling, I have filed a new 10b5–1 plan to liquidate a minority of my TWTR over the next year. It actually pains me to be selling at this point, but this sale is all about personal context, not company context....
Many were caught by surprise by yesterday's sharp selloff in the last 90 minutes of trading, which saw the Dow Jones slide over 200 points on the double whammy of the Fed's unexpected "bubble" warning and Paul Ryan's admission that tax reform is going nowhere fast.
Below is BofA's take on this particular event, together with what it believes is the biggest near-term risk.
The vacuum between monetary and fiscal policy easing
On Monday, April 10, Janet Yellen will hold a previously unannounced speech at the Gerald Ford School Of Public Policy at the University of Michigan, the school announced on its website this morning. The speech is expected to last from 4pm until 5:15pm, and will be free and open to the public.
Yellen will take questions from the audience and in a notable departure from her previous discussions, she will also take questions from Twitter. To join the conversation on the social platform use the #fordschoolyellen hashtag.