Business

• Futures slightly higher after Dow's record run (Reuters)
• Tillerson says U.S., Russia can settle differences (Reuters)
• Hot-Stock Rally Tests the Patience of Value Investors (WSJ)
• ‘Good Conservative’ Grassley Ramps Up His Panel’s Trump-Russia Probe (BBG)
• Brands Strike Back: Seven Strategies to Loosen Amazon’s Grip (WSJ)
• Oil slides from nine-week highs as market looks to OPEC (Reuters)
• BlackRock, Vanguard Say Bond Market's Got This Trade All Wrong (BBG)
• Bond Bears Balk at 'Trade of Decade' (BBG)

Just days after reporting its biggest quarterly cash burn in history, Tesla announced on Monday it plans to raise about $1.5 billion in new cash, although in a welcome change for equity investors, this time it decided against an equity or convertible sale, and will offer bonds instead to take advantage of the insatiable bond market, as the carmarker seeks to ramp up production of its latest Model 3 electric vehicle. Tesla had over $3 billion in cash on hand at the end of the June quarter, compared with $4 billion at the end of the previous quarter and $3.25 billion a year earlier.

Authored by Pepe Escobar via InformationClearingHouse.info,

The Empire of Whiners simply can't get enough when it comes to huff, puff and pout as the Empire of Sanctions.

With an Orwellian 99% majority that would delight the Kim dynasty in North Korea, the "representative democracy" Capitol Hill has bulldozed its latest House/Senate sanctions package, aimed mostly at Russia, but also targeting Iran and North Korea.

Authored by Paul Craig Roberts,

The American media specializes in fake news.

Indeed, since the Clinton regime the American media has produced nothing but fake news.

Authored by Kevin Smith, Tavi Costa, and Nils Jensen via Crescat Capital,

Crescat Capital's Q2 letter to investors shouold be retitled "everything you wanted to know about the looming bursting of the world's biggest credit bubble... but were afraid to ask..." Don't say we didn't warn you...