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Amid east coast disruptions and Iran-related headlines, WTI spiked above $69 ahead of tonight’s inventory data, before extending gains when API reported a much bigger than expected crude draw (-8.4mm vs -1.75mm exp).   API Crude -8.636mm (-1.75mm exp) – biggest draw since July 2018 Cushing +2.122mm (+900k exp) – biggest build since March 2018 Gasoline +5.821mm – biggest…

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WTI Spikes Above $70 After Huge Crude Draw


Will a robot take my job? Media headlines often speculate about robots taking our jobs. We’re told robots will replace swaths of workers from taxi drivers to caregivers. While some believe this will lead to a utopian future where humans live a life of leisure provided for by robots, the dystopian view sees automation as a risk to the very fabric of society. Such hopes and fears have preceded the…

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Robots and jobs


While headlines were initially confusing, South Africa’s controversial land confiscation reform, in which some white-owned land could be expropriated without compensation, is still going ahead through its constitutional change but authorities have confirmed that Zulu lands will not be impacted. The following Bloomberg headline triggered buying in the rand… *S. AFRICA EXPRORIATION BILL…

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South Africa Exempts Zulu Lands From Confiscation Scheme


While the deal to buy 36 Rafale fighter jets has made a lot of headlines and also generated a lot of controversy, this is not the first aircraft that the Indian Air Force is acquiring from Dassault Aviation. Dassault Aviation has had a long association with the Indian defence forces. In the past, there have been several fighter jets that have been supplied to India by Dassault Aviation. These…

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Rafale fighter not the first, know about aircraft India bought from Dassault Aviation in the past | WARFAREWEB.COM


After tumbling last night as headlines hit that the SEC rejected another nine Bitcoin ETF applications, cryptocurrencies have stabilized (for now). Additionally, a broad crackdown on crypto in China has not triggered wholesale selling. Still it is an ugly week again for crytos broadly – though once again Bitcoin is outperforming as investors revert to the dominant player… China is…

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Bitcoin Stabilizes After SEC Rejects 9 ETF Applications, China Crackdown


Overheard everywhere today… Emerging Market FX was where the headlines were today… But stocks in China, Europe, and US all saw miraculous ramps  as EM tumbled…   Obviously Turkey led the charge… CBRT desperately defended the 7.00 line in the sand for USDTRY..   We wonder just how much CBRT blew to hold that line today…   Turkish stocks were hammered until authorities…

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Global Stocks ‘Miraculously’ Brush Off Emerging Markets Massacre


While automakers – and their dealerships – are getting most of the headlines this week, the effects of the escalating trade war (sorry, officially a trade tantrum, or trade discussion according to The White House) between Presidents Trump, Xi, and Putin are rippling across numerous US industries – directly, and indirectly. Makers of whiskey, cheese, auto parts and more are…

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“Dark Path Ahead”: Why American Farmers Dread The Trade War


Amid all the raging political headlines and hyperventilating tweets of the Summer of Resistance, a searing ember of news stopped me in my tracks this week. VISIT THE SOURCE ARTICLE Jahi’s Life Mattered – Rasmussen Reports®

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Jahi’s Life Mattered – Rasmussen Reports®


Headlines will crow of the fact that US Factory Orders rose 0.4% MoM in May (better than the expectations), rebounding from the 0.4% drop in April (pushing factory order growth up 9.2% YoY – highest since June 2017). However, what most will miss is that absent defense, new orders dropped 0.1% MoM after falling 0.6% MoM in April. Which economy is booming America? Defense Aircraft & Parts…

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War Spending Rescues Factory Orders In May As Autos Collapse


Read the latest NHS headlines, on NewsNow: the one-stop shop for NHS news Discuss on Twitter VISIT THE SOURCE ARTICLE NHS England has announced it will cut back on 17 ‘unnecessary’ and ‘risky’ procedures http://www.overnewser.com/images-site/apple-touch-icon-114×114-precomposed.png

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NHS England has announced it will cut back on 17 ‘unnecessary’ and ‘risky’ procedures | VIDEOGAME.GUIDE