It is the 22nd of July 2018

News

Netflix Crashes As Subscriber Growth Slows Sharply; Cash Burn Soars And Outlook Is Slashed

Maybe hiking monthly fees without providing a quality line up of new shows and movies wasn't the best idea.

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WTI Trounced, Banks & Bitcoin Bounce On Dow's Lowest Range Day Of 2018

Did the machines take a day off? Were they in Helsinki too?

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Hall-Of-Fame Quarterback's Private-Equity Firm Accused Of Covering Up Fraud

A private equity firm co-founded in 2007 by former San Francisco 49ers quarterback Steve Young has been accused of covering up a massive fraud at one of its portfolio companies. The accusations, which came in the form of a civil suit filed by the acquirer of the firm where the fraud allegedly took place, have prompted the FBI to investigate, potentially placing Young, his partners and his employees in hot water, per the New York Post.

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Bill Maher: Trump Is The Most "Aggressively Stupid" President In US History

Bill Maher, the host of HBO's Real Time, has released a new standup special - and, as one might expect, it features more than a few jokes at President Trump's expense. While the US has had presidents in the past who were "stupid", the country has never had a leader who is as "aggressively stupid" as Trump, Maher joked.

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Junk Bond Crash Imminent? HY ETF Shorts Hit All Time High

It has been a tough year for junk bond funds, if not for junk bond spreads, which as we noted recently have shown impressive resilience and have solidly outperformed IG since the start of the year (largely thank to a scarcity in HY supply, and a deluge of IG bond issuance to fund a new M&A cycle as Goldman discussed last week).

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