Article: Are Oil Prices Headed toward $100 a Barrel?

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Are Oil Prices Headed toward $100 a Barrel?

nasdaq, 12 June 2021

On June 1, 2021, Jeremy Schwartz, Global Head of Research a
t WisdomTree and regular host of the Behind the Markets podcast, was joined by Mobeen Tahir, Associate Director of Research at WisdomTree, to host Erik Gilje, professor of finance at the University of Pennsylvania’s Wharton School of Business. The topic was oil, and the focus was on Erik’s bullish view on the commodity stemming from structural supply issues in the U.S. amid an improving demand outlook.

Professor Gilje outlined that over the last decade, almost all new supply of oil has come from North America—i.e., either Canada or the U.S.—while the Organization of the Petroleum Exporting Countries and its partners (OPEC+) have lost market share. The group was forced by the COVID-19 pandemic to reduce 9.7 million barrels of supply in what can be characterized as a dramatic and unprecedented policy coordination. Continue reading “Article: Are Oil Prices Headed toward $100 a Barrel?”

Article: VW data leak in North America – over 3.3 million customers affected

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VW data leak in North America – over 3.3 million customers affected

MRT, 12 June 2021

New trouble for Volkswagen in North America: Due to a breakdown at a business partner, the data of more than 3.3 million people was unsecured on the Internet for over a year. According to current knowledge, VW is assuming that customers and prospective buyers of the Audi subsidiary will be affected, a company spokesman said on Friday. Previously, the US blog TechCrunch reported on the data leak and published a letter to customers and a corresponding letter from a lawyer.

U.S. social security and bank account numbers Continue reading “Article: VW data leak in North America – over 3.3 million customers affected”

GTII Picasso Dividend then Warhol, Dole Foods 13M Fakes

Tip

Alert Reader:

First up a quick recap on Press

Had 9 more complaints filed with the SEC yesterday at least 260 about security fraud By our Long Island friends. I added Fox News and 2 other
Reporters to my mix. I think a major story about this will happen. I HOPE a Family member of the press gets robbed or needs a cancer treatment
And the company that can help them is being naked shorted. Lets see how they scream when they cant be saved because the company can’t finish
Their testing. WHEN THEY SUFFER they will all start writing for sure.

Continue reading “GTII Picasso Dividend then Warhol, Dole Foods 13M Fakes”

Article: DOJ Casts the FCPA Spotlight on Brazil-Related Enforcement

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DOJ Casts the FCPA Spotlight on Brazil-Related Enforcement

Kevin Roberts, Lex Urban, Duncan Grieve, Stephen Weiss, 12 June 2021

On May 25, 2021, the U.S. Department of Justice (“DOJ”) unsealed an indictment charging two Austrian citizens, Peter Weinzierl (“Weinzierl”) and Alexander Waldstein (“Waldstein”), for their roles in a scheme to launder hundreds of millions of dollars through the U.S. financial system on behalf of the Brazilian construction conglomerate, Odebrecht S.A. (“Odebrecht”). The indictment alleges that Weinzierl and Waldstein helped Odebrecht funnel money to offshore accounts to pay bribes to government officials in Brazil, Panama, and Mexico. The announcement was timed to coincide with the arrest of Weinzierl in the United Kingdom; however, Waldstein remains at large.

This enforcement action is notable for a number of reasons:

(1) DOJ has used U.S. money laundering statutes to charge Weinzierl and Waldstein with bribery-related misconduct because both individuals likely fall outside of the ambit of the Foreign Corrupt Practices Act (“FCPA”); Continue reading “Article: DOJ Casts the FCPA Spotlight on Brazil-Related Enforcement”

Article: Toshiba: probe into government collusion a warning to foreign investors in Japan

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Toshiba: probe into government collusion a warning to foreign investors in Japan

ishwarkimmins, 12 June 2021

Toshiba’s top executives once wrote in an email asking government officials to “defeat” hedge funds. Demand reported in an independent survey of shareholder consignments shows why shareholder activists rarely succeed in Japan.

Is Report on page 147 Learn more about the long-running battle between Japanese technology groups and foreign shareholders, including the Harvard Foundation and Singapore-based Effissimo. Toshiba concludes that it has colluded with the government to thwart foreign investors. Toshiba says it will review the report. Continue reading “Article: Toshiba: probe into government collusion a warning to foreign investors in Japan”

Article: Four non-Japanese Toshiba Corp. directors call for shake-up after explosive probe

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Four non-Japanese Toshiba Corp. directors call for shake-up after explosive probe

SOURAV D , 12 June 2021

On Friday, four non-Japanese independent directors of Toshiba Corp., the Tokyo-based multinational conglomerate focused on a swathe of sectors ranging from utility to industrial to consumer electronics goods, called for a sweeping overhaul of the company’s management and board after an investigation had unveiled a potential tie-up between Toshiba Corp and the Japanese Government aimed at ‘beating up’ foreign shareholders, sending shockwaves into the Japanese securities.

In point of fact, latest leg of explosive findings on Toshiba Corp’s securities exchange malpractice to squeeze more money out of foreign shareholders, would likely to add to further restrain on influx of foreign capitals into the Japanese money markets following a much-debated Ghosn scandal in late-2018 which had significantly loosened the Nissan-Renault-Mitsubishi alliance, suggested analysts. Continue reading “Article: Four non-Japanese Toshiba Corp. directors call for shake-up after explosive probe”

Article: Once You Realize The US Government Is An Organized Crime Syndicate, Everything Makes Sense

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Once You Realize The US Government Is An Organized Crime Syndicate, Everything Makes Sense

L Todd Wood, 10 June 2021

Obama corrupted everything good within the U.S. government, finishing what the Clinton’s started. Joe Biden (essentially Obama’s third term) is the coup de grace.

Axios released an article today detailing that half the unemployment aid issued over the past year was sent out of the country to foreign criminal organizations.

Read Full Article

Article: Wall Street Warned by U.S. Regulators to Speed Up Libor Exit

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Wall Street Warned by U.S. Regulators to Speed Up Libor Exit

Jesse Hamilton, Alex Harris, and Christopher Condon, 11 June 2021

Wall Street banks must speed up their efforts to stop using Libor, regulators said Friday, issuing one of their sternest warnings yet about abandoning the scandal-plagued benchmark.

From Treasury Secretary Janet Yellen to Federal Reserve Chairman Jerome Powell, watchdogs made clear during a meeting of the Financial Stability Oversight Council that time is running out. The admonishment — coming from the heads of all of the U.S.’s most powerful financial agencies — marked a remarkably high-profile push to light a fire under banks including Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. Continue reading “Article: Wall Street Warned by U.S. Regulators to Speed Up Libor Exit”

Article: Sygnia CEO criticizes Elon Musk for alleged Bitcoin pump and dump

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Sygnia CEO criticizes Elon Musk for alleged Bitcoin pump and dump

SoTURNER WRIGHT, 11 June 2021

Magda Wierzycka, one of the richest women in South Africa and CEO of financial services company Sygnia, said Tesla CEO Elon Musk would likely have been investigated by authorities regarding recent allegations over his manipulation of crypto prices — if his target had been almost anything other than Bitcoin.

In an interview with Bruce Whitfield at the Money Show this week, Wierzycka said Musk’s recent social media activity on the price of Bitcoin (BTC) should have made him the subject of investigation by the U.S. Securities and Exchange Commission, or SEC, if Bitcoin were more of a traditional company. The SEC previously accused the Tesla CEO of fraud for issuing false and misleading tweets in 2018, and was rumored to be investigating him for his pro-Dogecoin (DOGE) tweets earlier this year. Continue reading “Article: Sygnia CEO criticizes Elon Musk for alleged Bitcoin pump and dump”

Article: Morgan Stanley gives Nasdaq bullish rating on tailwinds strategy shift

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Morgan Stanley gives Nasdaq bullish rating on tailwinds strategy shift/strong>

Liz Kiesche, 11 June 2021

Morgan Stanley analyst Michael Cyprys, favoring U.S. exchange operators that are shifting toward recurring revenue and benefiting from secular tailwinds, initiates coverage of Nasdaq (NDAQ +2.3%) at Overweight, Intercontinental Exchange (ICE +0.5%) and CME Global (CME +0.5%) at Equal-Weight, and Cboe Global (CBOE -0.2%) at Underweight.

Sees upside from NDAQ’s move to catch tailwinds from data and analytics, ESG and anti-financial crime, and index segments. Continue reading “Article: Morgan Stanley gives Nasdaq bullish rating on tailwinds strategy shift”

Article: GME Stock News: GameStop Corp plummets on share sale and SEC investigation

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GME Stock News: GameStop Corp plummets on share sale and SEC investigation

Stocks Reporter, 11 June 2021

NYSE:GME may be seeing the beginning of the end of its coordinated short squeezes as the SEC and big banks are closing in. Shares of GameStop went into freefall on Thursday, dropping by more than 27% to close the day at $220.39, as investors were less than thrilled following GameStop’s annual shareholder meeting. We previously mentioned that GameStop has a habit of plunging the day after its annual meeting, and it is interesting to see that this year was no different. Continue reading “Article: GME Stock News: GameStop Corp plummets on share sale and SEC investigation”

THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?