North America

If yesterday's tape bomb came courtesy of the most prominent UK subprime lender, Provident Financial, which plunged over 70% after it gave a "clearly awful" business update coupled with the resignation of its CEO, today's market shock belongs to ad giant, WPP, whose shares crashed the most since 2000 after the world’s largest advertising company cut full-year revenue forecast amid lower spending by customers, while reporting dreadful Q2 earnings.

Courtesy Marketslant.com

NASA placed a camera onboard a plane and is chasing the total solar eclipse across the sky. Even with the camera, they need a filter for viewers at certain moments

Trump and American History Have Been Assassinated

Paul Craig Roberts

When Trump was elected I wrote that it was unlikely that he would be successful in accomplishing the three objectives for which he was elected—peace with Russia, the return home of offshored US jobs, and effective limits on non-white immigration—because these objectives conflicted with the interests of those more powerful than the president.

It’s been another breakout year for Tesla. Over the course of 2017, the company’s market capitalization has soared beyond those of major manufacturers like Ford, GM, BMW, Honda, and Nissan. This thrust can be partly attributed to the company’s Model S, which reigns supreme as the top-selling plug-in electric car worldwide in 2015 and 2016.

Goldman Sachs FICC-trading income was an unexpectedly ugly blemish on what was already a poor Q2 earnings report. And while the FDIC-backed hedge fund initially blamed the decline on lower trading revenues, lack of volatility and depressed client activity...

... there was more to the story. The Wall Street Journal has uncovered what really happened: A $100 million bet on regional natural-gas prices gone awry after production problems at a local pipeline sent prices soaring, decimating Goldman’s short position.