Business

The following article by David Haggith was published on The Great Recession Blog:

One week before Twitter executives are slated to testify before the Senate and House Intelligence Committees, the company has bowed to pressure from lawmakers and announced it will soon begin providing users with more information about political advertising appearing on its platform, CNBC reported.

WTI advanced to the highest level since April today amid OPEC considering an extension of output caps, and extended gains after API data despite a surprise build in crude. RBOB gained on a much bigger than expected gasoline draw (-5.7mm vs +1.7mm exp).

API

So much for Chipotle's Queso-backed comeback plan: moments ago CMG has again done what it has become so good at in recent years after reporting earnings: it tumbled.

Shares of cryptocurrency pioneer Overstock.com climbed more than 5% on Tuesday after the company revealed that it will launch an ICO on Nov. 1 using its proprietary tZERO platform, a strategy that will allow Overstock to raise capital without diluting its float.

As far as we can tell, the Overstock ICO would be the first conducted by a large, publicly traded US company, and could potentially open the door for other corporations to utilize the ICO as an alternative means of raising capital.

The offering will will run through Nov. 15, Overstock said.