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Finance


1 hour ago (via zerohedge.com)
Less than two weeks after the top security individuals at Equifax "retired" after what may have been the biggest hack in U.S. corporate history, moments ago the company announced that the exodus from the sinking ship continued when company Chairman and CEO, Richard Smith, has also retired effective immediately. The Board also said it had appointed current Board member, Mark Feidler, to serve as No

1 hour ago (via zerohedge.com)
Submitted by Bill Blain of Mint PartnersBlain's Morning Porridge: A Short Distraction In The Oil MarketDid I detect a distinct change in the market wind yesterday? There is a new freshening blow out the East. It feels like the world is changing: a slide in tech stocks and a wobble in sentiment, stronger oil prices and all the noise about Germany and where that leaves Europe, and Macron’s Franceâ

1 hour ago (via zerohedge.com)
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.The Grim Reaper has taken his scythe to the Venezuelan bolivar. The death of the bolivar is depicted in the following chart. A bolivar is worthless, and with its collapse, Venezuela is witnessing the world’s worst inflation. As the bolivar collapsed and inflation accelerated, the Banco Central de

1 hour ago (via zerohedge.com)
Last night, after a fiery campaign appearance for Judge Roy Moore in Alabama, former White House Chief Strategist Steve Bannon took to Fox News to lash out at everyone from NFL players taking a knee at football games to the "spineless" Republican establishment.  Here's a recap of the more salient points:“If people in this country take a knee and the national football players want to take a

1 hour ago (via zerohedge.com)
As relations between the US and Russia continue to strain, US officials are preparing restrictions for Russian military flights over American territory, permitted by the Treaty on Open Skies, a 2002 agreement involving 34 countries that allows signatories to conduct aerial surveillance of military installations and other sensitive sites, according to the Wall Street Journal.  Tensions over th

1 hour ago (via zerohedge.com)
Demise of Obamacare Repeal Shows How Far GOP Remains From Goal (BBG)Republican’s Latest Tax Plan Has Little Room to Maneuver (WSJ)Mexico in three-day countdown to search for earthquake survivors (Reuters)Oil near 26-month high as Turkey threatens to choke Kurdish exports (Reuters)North Korea bolsters defenses after flight by U.S. bombers as rhetoric escalates (Reuters)U.S. to Curb Russian Milita

1 hour ago (via zerohedge.com)
President Trump continued his feud with NFL "kneelers" for the fifth consecutive day, when early on Tuesday he tweeted that ratings for NFL games are "way down except before the game starts, when people tune in to see whether or not our country will be disrespected."Ratings for NFL football are way down except before game starts, when people tune in to see whether or not our country will be disres

1 hour ago (via zerohedge.com)
"Gold prices to reach $1,400 before the end of the year" - GoldCoreby MarketWatchGold finished sharply higher on Monday, recouping roughly half of last week’s loss, as declines in the U.S. stock market and growing tensions between the U.S. and North Korea lifted prices for the yellow metal to the highest settlement in more than a week.December gold rose $14, or 1.1%, to settle at $1,311.50

1 hour ago (via zerohedge.com)
North Korea appears to be following through with its threat to shoot down US fighter jets and bombers that travel near its airspace, as US jets and bombers did on Saturday, according to a Yonhap report - the latest sign that North Korea intends to follow through with threats made by Foreign Minister Ri Yong Ho during a speech outside the UN on Monday.During the speech, Ri claimed that Trump’

3 hours ago (via zerohedge.com)
S&P futures are flat after Monday’s drop in the S&P 500 where a rout in Apple weighed on tech companies and tensions with North Korea persist; Asian stocks are modestly lower while Europe has shaken off the Korean crisis and is in the green on the back of a sharp drop in the EURUSD which has tumbled below 1.18 as the USD rises ahead of much anticipated speeches by the Fed Chair and the F




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