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Venezuelan state-run oil company PDVSA is importing between 100 and 150 thousand barrels per day of gasoline as the PDVSA struggles to pay their ship bills. [Read More]
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Uh oh! [Read More]
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REUTERS/Chris Morgan With headlines swirling following the WannaCry attack that hit more than 230,000 computers across more than 150 countries in just 48 hours, on this episode of Cocktail investing we spoke with Yong-Gon Chon, CEO of cyber security company Focal Point to get his insights on that attack, and why ransomware will be the cyber threat in 2017. Before we get into that Safety & Security conversation, Tematica's investing mixologists, Chris Versace and Lenore Hawkins broke down last week's economic and market data as well as the latest relevant political events. With all the controversy in... [Read More]
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Bebeto Matthews/AP Photo United Nations experts investigating violations of sanctions on North Korea have suffered a "sustained" cyber attack by unknown hackers with "very detailed insight" into their work, according to an email warning seen by Reuters on Monday. The hackers eventually breached the computer of one of the experts on May 8, the chair of the panel of experts wrote in an email to UN officials and the UN Security Council's North Korea sanctions committee, known as the 1718 committee. "The zip file was sent with a highly personalized message which shows the hackers have very... [Read More]
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Win McNamee/Getty Images President Donald Trump asked the director of national intelligence and the director of the National Security Agency to push back against the FBI's Russia probe by publicly denying any collusion between the Trump campaign and Russian officials during the 2016 election, The Washington Post reported on Monday. According to two current and former intelligence officials, Trump asked DNI Dan Coats and NSA director Adm. Michael Rogers separately to publicly deny collusion after former FBI director James Comey revealed the existence of the FBI's Russia inquiry during a March 20 testimony before the... [Read More]
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Google Lens will leverage its ongoing advances in machine learning and neural nets and be able to identify objects, then deliver info based on what it sees. [Read More]
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By Anthony Esposito and Sharay AnguloMEXICO... [Read More]
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Research from the new Diversity VC initiative found just 13% of decision makers in UK VC are women 48% of VC firms have no women in their investment teams Investors say the lack of women in VC is a "wake-up call" When it comes to boosting the number of women in tech, people often focus on how many women take up technical subjects like engineering. But there's another area where women are significantly underrepresented, which potentially has a huge impact on the tech ecosystem. Venture capital plays a major role in making or breaking tech... [Read More]
As Google shifts from a "mobile" first to "AI" first company, it needs to realize smartphones aren't going away. [Read More]
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Police are reporting "a number of confirmed fatalities" and injuries at England's Manchester Arena on Monday following reports of loud explosion-like bangs coming from within the building. Officials have not confirmed the cause of the noises, but have warned residents to avoid the area surrounding the arena, where Ariana Grande had just finished a concert. The incident caused concertgoers to scramble out of the building, and videos posted on social media showed police cars and ambulances rushing to the scene. "Please AVOID the area as first responders work tirelessly at the scene," the Greater Manchester Police wrote on Twitter. ... [Read More]
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Thomson Reuters A major money-laundering case set to go to trial last week in New York was suddenly settled three days earlier, with both the US government and the defendant, the Russian firm Prevezon Holdings, claiming victory. The asset-forfeiture and money-laundering case was scheduled to begin last Monday, but it was unexpectedly settled for close to $6 million, a little under half of the amount initially sought by the government. The US attorney's office characterized the settlement as a win for anti-corruption efforts in a statement issued late Friday. "Under the terms of this settlement,... [Read More]
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Theo Wargo/Getty Images Fox News last week fell into third place during primetime in the coveted advertising demographic of 25-54 year-old viewers, the first time it had done so in 17 years, as rival network MSNBC surged into first place. Adweek reported that last week was the first time that Fox finished third among cable-news networks in the coveted demo since June 2000, when the right-leaning network was still in its infancy. According to Nielsen, MSNBC led the three cable networks between 8-11 p.m., averaging 611,000 viewers between the ages of 25 and 54, while dominating with... [Read More]
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Boeing still regrets not stopping Airbus when it entered the US market in 1978. [Read More]
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Boeing Two words underpin Boeing's decision to launch a U.S. trade complaint against Bombardier, which plunged it into a row with Canada last week: "Never again". Allegations that the Canadian firm dumped newly designed CSeries passenger jets in the United States at a steep loss have threatened a sale of F/A-18 warplanes to Ottawa, sending Boeing scrambling to save the deal. Some analysts say Boeing carelessly put at risk billions of dollars of defense work or pandered to growing protectionism. But decades after Boeing failed to prevent European upstart Airbus gaining momentum with early victories in... [Read More]
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Statements Flynn made about the money he was paid for his work on behalf of Russia may come back to haunt him. [Read More]
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Win McNamee/Getty Images Congressional lawmakers investigating former national security adviser Michael Flynn say he may have lied in a 2016 interview with US investigators who were conducting a background check to for his security clearance renewal. Documents suggest that Flynn told those investigators that during his trip to Moscow in December 2015 — in which he was pictured dining next to Russian President Vladimir Putin — he was "paid by 'US companies.'" "The actual source of the funds for General Flynn's trip was not a U.S. company, but the Russian media propaganda arm, RT," said a... [Read More]
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Trump is pursuing the long-standing policies of Washington, writes George Friedman. [Read More]
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REUTERS/Carlos Barria As hard as it may be to believe, we are past the halfway mark for 2Q 2017. If upon hearing that, you're asking yourself "where does the time go?" we're right there with you as we eye the Memorial Day holiday weekend that is quickly approaching. As we shared in last week's Monday Morning Kickoff, the current quarter has taken on a far different tone from how 2016 came to a close and 2017 kicked off. Even though the tech-heavy Nasdaq Composite Index has powered higher thus far in 2Q 2017, both the S&P 500... [Read More]
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Nevada National Security Site/Wikipedia (public domain) It's hyperbolic to suggest that bonds face a nuclear explosion. But in reflecting on the uncertainty of markets and politics, there may be some parallels to be drawn from the "duck and cover" protection advice offered during the 1950s and 60s. Understandably, investors are aware that risks to the downside outweigh those to the upside and may be looking for places to find "cover." Let's re-cap on where we are. Even before U.S. President Trump was elected, a reflationary trade had taken hold. His appointment seems to have turbo-charged already-buoyant investors... [Read More]
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Getty Images Plastic surgeons performed more than 3,250 operations to help people physically change their genders in 2016 — a 19% increase compared to the previous year in the US. Such operations included everything from changing the shape of a transgender person's face or body to sex reassignment. "There is no one-size-fits-all approach to gender confirmation," Dr. Loren Schechter, a Chicago-based plastic surgeon, said in a press release. "There's a wide spectrum of surgeries that someone may choose to treat gender dysphoria, which is a disconnect between how an individual feels and what that person's anatomic characteristics... [Read More]
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