It is the 30th of March 2017

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RBOB Tumbles After Lower Than Expected Gasoline Draw

After an early spike on Libya production fears and OPEC production cut extension hope, WTI and RBOB faded all day on dollar strength ahead of the API data. The trend of builds in Crude and draws in gasoline and distillates continued but the gasoline draw was notably less than expected and has sparked selling in RBOB.

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Biggest VIX Crash Since Election Saves Dow From Worst Losing Streak In 39 Years

Consumer Confidence soaring, expectations for stock gains at record highs, 6 sigma beat in Richmond Fed survey...

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Top Turkish Banker Arrested At JFK Airport Over Massive Gold Money-Laundering Scheme

If Turkish president Erdogan needed one more reason to go ballistic in his daily comparisons of western leaders to Hilter and the Nazis, he got it this morning when a top executive at Halkbank, one of Turkey’s largest state-owned banks was arrested at JFK airport on charges of conspiring with an Iranian-Turkish financier who is awaiting trial for using his network of companies to circumvent Iranian sanctions.

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Elon Musk Launches Company To Hook Up People To Computers

In case revolutionizing the transportation and energy industries while colonizing Mars wasn't enough of a challenge for Elon Musk (or perhaps taxpayer subsidies for Musk's ventures in those fields have dried up) in his latest venture the billionaire entrepreneur now "wants to merge computers with human brains to help people keep up with machines." Specifically, the WSJ has uncovered that Musk has launched another company called Neuralink, which is pursuing what Musk calls “neural lace” technology, which is shorthand for a brain-computer interface and consists of implanting tiny brain electrodes that will one day be able upload and download thoughts.

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Mnuchin "Not Worried" About Robotization Of America's Workforce Despite Shocking New Report

Treasury Secretary Steven Mnuchin said Friday that he wasn't worried about artificial intelligence taking over American jobs. However, on the same day, a new report by PwC showed that more than a third of U.S. jobs could be at "high risk" of automation by the early 2030s, a percentage that’s greater than in Britain, Germany and Japan.

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