It is the 22nd of September 2017

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Fedex Tumbles After Missing Revenue, EPS, Guiding Lower; Blames Hackers, Harvey

The earnings season is starting off on the back foot for global trade as moments ago, the company considered the world's logistics bellwether, Fedex, reported revenue and earnings that both missed badly.

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WTI/RBOB Jump After Smaller Than Expected Crude Build

After last week's record-breaking draw in Gasoline stocks, and big crude build, the noise from Harvey and Irma disruptions continues to add volatility to the data. API reported a smaller than expected crude build and bigger than expected gasoline (and distillates) draw sent prices for both WTI and RBOB higher.

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'Chapter 22' Bankruptcy Filings Increasingly 'En Vogue' For Struggling Retail Sector

In 2009, U.S. Shipping Partners LP accomplished what we believe was a completely unprecedented feat when they managed to confirm a bankruptcy plan of reorganization in the Southern District of New York that encumbered the new company with more debt than their investment bankers said the company was even worth.

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Trump Wants July 4th Military Parade Down Pennsylvania Avenue

Trump was apparently so impressed by the military parade he was invited to watch in France on Bastille Day that he's contemplating following in the footsteps of the French, and a handful of rogue dictators in third-world countries, with a U.S. military parade down Pennsylvania Avenue in Washington D.C. on July 4th. 

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