Economy

Economy

The latest Economy News from the Web, breaking news on the global and UK economy and international investments .

Find the economic latest news and headlines, as well as blogs and video from all the relevant news sites.

“Now, The Reckoning Comes” – The Media-Created Russia-Collusion Story Collapses

Authored by Lee Smith via TheFederalist.com, The press has played an active role in the Trump-Russia collusion story since its inception. It helped birth it… Half the country wants to know why the press won’t cover the growing scandal now implicating the Federal Bureau of Investigation and Department of Justice, and threatening to reach the State Department, Central Intelligence Agency, and perhaps even the Obama White House. After all, the release last week of a less-redacted version of Sens. Charles…

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Charleston Chopper Crash Blamed On Private Drone

Officials at the Federal Aviation Administration (FAA) are investigating a serious helicopter crash that may have been triggered by a drone Wednesday near the southern tip of Daniel Island, South Carolina, in what could be the first-ever drone-related crash of an aircraft in the United States. The crash was initially reported on Wednesday by WCSC-TV, a CBS-affiliated television station for the Lowcountry area of South Carolina in the United States that is licensed to Charleston, which obtained a copy of…

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Why One Bank Is Worried That Credit ETFs Will Blow Up Next

Two weeks after the unprecedented, record Feb. 5 surge in the VIX, the historic move is rapidly fading into memory as “the dip gets bought” again: to those who correctly predicted it, like Fasanara Capital  and Eric Peters,  and those who profited from it, like Ibex Investors  and Peter Thiel, congratulations. And now the question is which product, read ETF, will generate returns similar to the 94% bonanza reaped by those who shorted the XIV. Over the past two weeks,…

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Florida School Shooter To Romantic Rival: “Iam Going To Fu*king Kill You”

Three students who knew the Florida high school shooting suspect reported him to school administrators for threats and erratic behavior after an ex-girlfriend broke up with him and began seeing another teenager, reports BuzzFeed News.  Nikolas Cruz, charged with the premeditated murder of 17 students at Marjory Stoneman Douglas High School, had been suspended in 2017 for “disciplinary reasons.” While some reports say he was expelled for getting into a fight with his ex’s new boyfriend, others say he was kicked…

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Transcript: Kathryn Minshew, The Muse – The Big Picture

  The transcript from this week’s MiB with Kathryn Minshew of The Muse is below.   You can stream/download the full conversation, including the podcast extras on Bloomberg, iTunes, Overcast, and Soundcloud. Our earlier podcasts can all be found on iTunes, Soundcloud, Overcast and Bloomberg.   ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio. BARRY RITHOLTZ, HOST: This week on the podcast, I have a special guest. Her name is Kathryn Minshew and she is the Founder and Chief Executive Officer of themuse.com, a…

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66 Dead After Iranian Passenger Plane Crashes, Killing Everybody Onboard

An Iranian commercial plane crashed in a mountainous region of southern Iran on Sunday morning, killing all 66 people on board, a tragic consequences of Iran’s rapidly aging fleet of commercial aircraft according to the Associated Press. The plane was an Aseman Airlines ATR-72, a twin-engine turboprop used for short-distance regional flying. It went down near its destination of the southern Iranian city of Yasuj, some 780 kilometers (485 miles) south of the Iranian capital, Tehran. Aseman Airlines spokesman Mohammad…

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Facebook VP: “The Majority Of Russian Ad Spend Happened AFTER The Election”

Facebook VP of advertising, Rob Goldman, tossed a hand grenade in the Russian meddling narrative in a string of tweets responding to Mueller’s indictment of 13 Russian nationals running a “bot farm” which, according to Mueller (via Deputy AG Rod Rosenstein), was unsuccessful at influencing the 2016 election.  Deputy Attorney General Rosenstein: “No allegation in the indictment of any effect on the outcome of the election.” https://t.co/eSwD0ToL67 pic.twitter.com/SrOTipSoxu — ABC News Politics (@ABCPolitics) February 16, 2018 Notably, Goldman points out…

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Escalation In Syria – How Far Can The Russians Be Pushed?

Authored by The Saker, Events in Syria have recently clearly taken a turn for the worse and there is an increasing amount of evidence that the Russian task force in Syria is being targeted by a systematic campaign of “harassing attacks”. First, there was the (relatively successful) drone and mortar attack on the Russian Aerospace base in Khmeimin. Then there was the shooting down of a Russian SU-25 over the city of Maasran in the Idlib province. Now we hear…

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