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The Channel

  1. Lira Surges After Turkey Crushes...

    2 minutes ago
    Zero Hedge
  2. Steve St Angelo: The Performance Of...

    26 minutes ago
    Silver Doctors
  3. Verizon to launch 5G home internet...

    35 minutes ago
    The Fly
  4. Sears CEO's hedge fund offers to buy...

    about 1 hour ago
    The Fly
  5. Deciphering The New Caspian Agreement

    about 1 hour ago
    Zero Hedge
  6. Brexit: Big Deal Or No Deal For The EU?

    about 2 hours ago
    Zero Hedge
  7. Why Is Nobody Talking About The Union...

    about 3 hours ago
    Zero Hedge
  8. Mapping The World's Most (And Least...

    about 4 hours ago
    Zero Hedge

Trade Idea of the Day Presented by: The Fly

Fly Intel: Wall Street's top stories for Monday

Stocks opened with modest gains and proceeded to move in a narrow range for most of the session. With the earnings season winding down, there was little for investors to key in on. The Turkish economic crisis remained in the minds of investors although direct U.S. exposure is fairly limited. The market had an early... Read More

Coca-Cola's BodyArmor deal seen as negative for Pepsi, Keurig Dr Pepper

In latest attempt to break Gatorade's lock on the sports market, Coca-Cola (KO) announced it is buying a stake in BodyArmor, the sports drink startup backed by Kobe Bryant and other athletes. Commenting on the news, Evercore ISI analyst Robert Ottenstein told investors that it views Coca-Cola's stake in BodyArmor as a "clear positive" for the beverage giant and a "clear negative" for ...

Einhorn Sells Most Of Apple Stake Before Q3 Rally

There was one line that stood out in David Einhorn's Q2 letter to investors: "our results have been far worse than we could have imagined, and it’s been a bull market to boot." And looking at the fund's just released 13F, we may have an idea why. In the second quarter, Einhorn's Greenlight Capital, which saw its reported long positions shrink from $4 billion as of March 31, 2018 to just $3.1 billion on ...

Tesla CEO says will continue to talk with investors

CEO Elon Musk says in a blog post: "As mentioned earlier, I made the announcement last Tuesday because I felt it was the right and fair thing to do so that all investors had the same information at the same time. I will now continue to talk with investors, and I have engaged advisors to investigate a range of potential structures and options. Among other things, this will allow me to ...

Elliott takes activist stake in Nielsen, will push for sale

Elliott Asset Management disclosed an 8.4% stake in Nielsen Holdings this morning in a filing with the SEC that allows for activism. The new stake by Paul Singer's fund was first reported by the Wall Street Journal. Elliott collectively has beneficial ownership of 18M shares of common stock constituting approximately 5.1% of the shares outstanding and combined economic exposure in Nielsen equivalent to 30M shares, constituting ...

BWS backs hold on Avid Technology following weak Q2 results

Shares of Avid Technology (AVID) declined on Friday after the company reported quarterly results, reiterated its full year guidance, and instituted a new cost savings initiative. WHAT'S NEW: After the close last night, Avid Technology reported a second quarter loss per share of (20c) on revenue of $98.6M, compared to last year's Q2 results of (26c) and $102.37M, respectively. Bookings for the quarter were $110.3M, an increase...

Key Measures Show Inflation increased YoY in July

According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.7% annualized rate) in July. The 16% trimmed-mean Consumer Price Index also rose 0.2% (2.3% annualized rate) during the month. The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank...

China Halts Imports Of US-Made Mercedes SUVs Due To "Brake Issues"

We are sure it's just a coincidence, but - amid all the trade tensions between US and China - Shanghai customs authorities have suddenly blocked the importations of all US-manufactured Mercedes Benz SUVs. Reuters reports that, according to a Chinese customs document circulating on Chinese social media, Mercedes-Benz GLE and GLS models, built in the United States between May 4 and June 12, 2018, have a brake issue which poses a “safety risk." The document said authorities in Shanghai had...

Tailing, Mediocre 30Y Auction Concludes This Week's Debt Issuance Surge

After a poor 3 Year auction on Tuesday, a strong, and record-sized, 10 Year auction yesterday, at 1pm the US Treasury sold $18 billion in 30 Year bonds at a yield of 3.090%, 0.3bps above the When Issued 3.087% - this was the 3rd consecutive 30Y tail - and higher than July's 2.954% if below the May and April equal highs of 3.13%. The auction was mediocre with the Bid to Cover sliding from 2.337 last month to 2.274...

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