North America

Scientists have discovered a new continent hidden in plain view in the Pacific Ocean right next to New Zealand. Zealandia, as it is formally called, is a continent with a 5 million square kilometre landmass that lays largely submerged in the south-west Pacific. The 11 geologists from New Zealand and Australia who discovered Zealandia say that it should be confirmed as earth’s eighth continent, after Africa, Asia, Antarctica, Australia, Europe, North America, and South America.

Submitted by Nick Cunningham via OilPrice.com,

Has the Permian Basin become too hot? More companies and enormous sums of capital continue to flood into West Texas to take advantage of the most prolific shale basin in North America. Rig counts are showing no sign of slowing down and new deals in the Permian are announced on what seems like a weekly basis. However, will the Permian bubble deflate?

The first face to face meeting between Prime Minister Justin Trudeau and U.S. President Trump was seen by many as the most important meeting for Canada in decades. While PM Trudeau is teaming up with so-called 'sexist' Trump to urge policy-makers to remove barriers to increasing competitiveness for women entrepreneurs, as well as tackle issues affecting women in the workforce, we are sure reporters will want to focus on the "epidemic" of refugees crossing into Canada (from US), NAFTA trade tensions, and White House personnel decisions.

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The West Will Become The New ‘Third World’: PricewaterhouseCoopers

Written by Jeff Nielson (CLICK HERE FOR ORIGINAL)

First World

In today's trifecta of after hours earnings results, all three behemoths representing different key parts of the US economy, stumbled after either missing expectations, or guiding lower.

First, it was Mondelez, which missed on the top and bottom line, reporting Q4 EPS of $0.47 below the $0.49 expected, on disappointing revenue of $6.77BN, below the $6.87BN expected. The company also missed on margin reporting Q4 adj. gross margin 39.0%, below the est. 40.1%. Some other details: