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News & Updates

July 14, 2016 Obamacare company shutdown leaves customers in a lurch, facing higher costs

Source: Chicago Tribune

The Illinois Insurance Department moved Tuesday to shut down Land of Lincoln because of its unstable financial health, leaving about 49,000 policyholders in a lurch. They will lose coverage in the coming months, but neither...

July 14, 2016 Oil bounces after big losses but glut persists

Source: Reuters

Oil prices rallied from sharp losses on Thursday but brokers said the downtrend could resume soon as record-high stocks and worries over slowing economic growth dampened sentiment.

July 14, 2016 Bond market is in an ‘epic bubble of colossal proportions,’ says Boockvar

Source: CNBC

Global yields have been tumbling to record lows, with many dipping into negative territory. The U.S. 10-year hit its lowest level ever this week as traders continue to seek safety in the bond market. Yields move inversely to...

July 14, 2016 U.K.’s New Brexit Czar Sees December 2018 as Likely Leaving Date

Source: Bloomberg

Britain’s new Brexit Czar argued this week that negotiations on the U.K.’s withdrawal from the European Union could begin around the end of this year, with December 2018 a probable date for departure.

July 14, 2016 California rejects VW's recall plan for larger diesel cars

Source: Street Insider

California's chief air regulator has rejected a proposed recall plan from Volkswagen AG to fix 16,000 3.0-liter diesel Volkswagens, Audis and Porsches in the state equipped with devices designed to cheat emissions tests.

July 14, 2016 UK has not decided when to trigger Article 50 - Hammond

Source: Reuters

Britain has yet to decide when to trigger Article 50 to begin the formal process of leaving the European Union, newly appointed Chancellor Philip Hammond said on Thursday.

July 13, 2016 The Euro Is Not Long for This World

fee.org - The European Union (EU) is reeling under a heavy blow dealt by the United Kingdom’s departure (“Brexit”). More fundamentally, the impact has rocked the very foundations on which the single currency was built.

July 13, 2016 Opinion: The 5 things Theresa May should do as Britain’s new prime minister

Source: MarketWatch

There are prime ministers who have taken over in more testing circumstances. Winston Churchill in May 1940 had the small matter of World War II to deal with. David Lloyd George in December 1916 had to deal with the fallout from...

July 13, 2016 Will Brexit mean the start of global helicopter money?

Source: Fund Strategy

A couple weeks after the Brexit vote, there are some key factors tied to the market rebound. There was a substantial selloff for the three days after the vote and then – aside from more durable currency effects – a meaningful, if...

July 13, 2016 Bracing for Zika: Meet the Mosquito Hunters

Source: NBC News

Harris County, which encompasses Houston and its spread-out suburbs, is one of 183 U.S. counties known to be home to the Aedes aegypti mosquito that transmits Zika to people. And as one of the main U.S. gateways to Latin America...

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