Business

After a brief respite rally at the open on the heels of reports that some funds were banned from large-scale stock-selling, prices for Chinese stocks are tumbling once again ...

As QQ.com reports, some publicly offered funds received a notice that restricted them from selling stocks on a large scale.

The report also notes that funds were banned from selling more shares than they bought on the day.

For now, bond prices are steady but the Yuan is weaker.

One year after OPEC pulled off what many considered impossible, and on November 30, 2016 in Vienna the cartel managed to reduce oil production by most OPEC and several key non-OPEC nations by 1.2 million barrels daily in an effort to reduce the global oil glut, this time things are looking far more shaky, at least according to Goldman Sachs which in a Monday afternoon note writes that the outcome of OPEC’s November 30 meeting is far more uncertain than usual for two main reasons: i) Russia has yet to endorse Saudi Arabia’s proposal for a 9-month extension to production cuts and ii) fundamen

 "It's going a lot, lot higher"

       - Mike Novogratz discussing the price of bitcoin, Nov. 27, 2017

And the hits keep coming for the unicornest unicorn in all of unicorn-land...

Back in the summer, we suggested - for numerous reasons - that Uber's next round of financing may come at a significant discount to its current $69 billion valuation.

New York's billionaire hedge fund managers have blazed the trail south in recent years with the likes of David Tepper, Paul Tudor Jones and Eddie Lampert all ditching the Empire State for Florida...a state which brings not only pristine beaches and year-round golf weather but also the added benefit of a 0% personal income tax rate.