Authored by Tsvetana Paraskova via OilPrice.com,
The U.S. shale cowboys are back on their horses and leading a strong recovery in the oil patch that is not expected to falter even as WTI prices dropped last week below $50 per barrel for the first time in more than two months.
One day after Twitter stock tumbled after a pervasive hack showed just how vulnerable the underperforming social network (where 15% of total users appear to be bots) remains, moments ago McDonalds tweeted to president Trump, in what appears to be the latest hack of a prominent account, that "You are actually a disgusting excuse of a President and we would love to have @BarackObama back, also you have tiny hands."
The confrontational tweet was even pinned for a moment:
Update: echoing comments made by Senator Lindsey Graham, a South Carolina Republican who serves on the Senate Foreign Relations Committee, the top House Democrat said that the Trump budget proposal is "dead on arrival."
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Authored by Charles Hugh-Smith via OfTwoMinds blog,
A funny thing happened on the way to a low-risk environment: loans in default (non-performing loans) didn't suddenly become performing loans.
With stocks soaring briskly around the globe following Yellen's "dovish" hike, and futures set for a sharply higher open with the Nasdaq approaching 6,000, something surprising caught our attention: in a note by Goldman's Jan Hatzius, the chief economist warns that the market is overinterpreting the Fed's statement, and Yellen's presser, and cautions that it was not meant to be the "dovish surprise" the market took it to be.