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  1. Trump Aides "Scrambled" After He...

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  4. Re-Colonisation

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Trade Idea of the Day Presented by: The Fly

Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Snap (SNAP) upgraded to Neutral from Sell at Citi with analyst Mark May saying Snap is down 70% since February 2018 and its current valuation is below Twitter (TWTR) and Facebook's (FB) current and four-year... Read More

PG&E Former CEO To Collect Millions In Cash While Utility Files For Bankruptcy

With the second bankruptcy of PG&E looming and shareholders and bondholders both staring at massive losses while some 16 million California residents are about to pay sharply higher utility prices, not every is suffering: as Bloomberg reports, the utility's former CEO Geisha Williams, who abruptly left the sinking ship just hours before notifying the company's workers it would file for bankruptcy within weeks, is set to walk away with millions in cash. During Williams' brief two-year tenure, 57, the San Francisco-based utility accrued more than $30 billion in potential wildfire liabilities. And now Williams is set to make a lot of money even as she departs her former company in flames, so to speak. On Monday, PG&E confirmed that Williams will...

Newmont Mining To Buy Goldcorp In $10 Billion Deal To Create World's Largest Gold Miner

In the latest deal in what's becoming a wave of consolidation among gold miners, Newmont Mining announced on Monday that it would buy smaller miner Gold Corp in a deal valued at $10 billion. The deal could create the largest gold miner in the world, with operations stretching from the Americas, to Australia and Ghana, the companies said. Newmont will offer 0.3280 of its share and two cents for each share of its Canadian rival, according to CNBC. The deal is the largest in the space since Randgold and Barrick announced their plans to merge back in September. As the Wall Street Journal pointed out, the depletion of global gold mines and...

Dollar Spikes As Stocks, Crude, & Bond Yields Tumble

And just like that - with no catalyst - everything reverses. As Richard Breslow noted earlier, "The dollar has gone from chump to champ as Turkish troop movements on the Syrian border have caused a quick flight to safety." The dollar’s abrupt rally against the euro and the yen may have been fueled by investors trimming positions heading into the weekend, said Mazen Issa, senior foreign-exchange strategist at TD Securities. “After a week that saw the dollar trade on its backfoot by an appreciable degree, there may be some lightening of positions,” Issa wrote in an email. “These markets are different, and carrying risk into the weekend may not be...

UBS is 'taking the blindfold off,' upgrades Netflix shares to Buy

UBS analyst Eric Sheridan last night upgraded Netflix to Buy from Neutral and raised his price target for the shares to $410 from $400. The streaming giant closed yesterday up $4.70 to $324.66. After six months of stock underperformance as key debates emerged about competition, margins and free cash flow, the debates are better understood by investors and reflected in the current stock price, Sheridan tells investors in a research note partially titled "Taking The Blindfold Off. The analyst sees share upside over the near-to-medium term to subscriber growth. Current subscriber metrics such as growth...

EU opens investigation into Dutch tax treatment of Nike

The European Commission has opened an in-depth investigation to examine whether tax rulings granted by the Netherlands to Nike may have given the company an unfair advantage over its competitors, in breach of EU State aid rules. The Commission's formal investigation concerns the tax treatment in the Netherlands of two Nike group companies based in the Netherlands, Nike European Operations Netherlands BV and Converse Netherlands BV. Nike European Operations Netherlands BV and Converse Netherlands BV are only taxed in the Netherlands on a limited operating margin based on sales...

Deutsche Bank To Spend About $2 Billion On Bonuses, Despite "Cuts"

Distressed Deutsche Bank plans on cutting the company's bonus pool by about 10% this year as the bank struggles to stay afloat, while at the same time trying to retain employees, according to a new Bloomberg report. Bonuses are going to be paid more selectively in an attempt to keep the people that earn the most for the bank, according to the report. The bank awarded about €2.2 billion in bonuses ($2.5B USD) for 2017, meaning that the company could still be spending ~€2 billion on bonuses this year, even after the targeted 10% cut. The bank's CEO, Christian Sewing, is said to be trying to "keep a lid" on costs...

Permex Petroleum Announces Non-Brokered Private Placement of up to C$1.5M of Units

Vancouver, British Columbia based Permex Petroleum Corporation (CSE: OIL) announced today that it is conducting a non-brokered private placement financing of a minimum of 2,500,000 units up to a maximum of 7,500,000 units at a price of C$0.20 per Unit, for minimum aggregate proceeds of $500,000 up to a maximum of C$1,500,000. Each Unit will consist of one common share in the capital of the Corporation and one Common Share purchase warrant, with each Warrant entitling the holder thereof to purchase one Common Share of the Corporation at an exercise price of C$0.30 per Common...

WTFVIX?

Probably nothing...Shortly after US cash equity markets opened, VIX - which has been in freefall for the last few days - flash-smashed from 20 to almost 23... and almost instantaneously back down, prompting further gains in stocks... Helping to drive the S&P up to a critical...Notably, VIX is actually trading dramatically below historical vol. VIX has fallen for 8 of the past 10 trading sessions, dropping to 20 on Wednesday versus 36 in mid-December. As Bloomberg notes, that’s at odds with large realized swings in U.S. stocks -- a potentially unsustainable divergence...“Market internals imply a VIX of 31 based on trailing realized volatility and five-day SPX returns...

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