Archive for the ‘World truth’ Category

Dollar Liquidity Turmoil Returns With First Oversubscribed Term Repo In A Month

This was not supposed to happen. After the Fed rolled out the big artillery in response to the sharp, sudden mid-September funding squeeze (which we now know had virtually nothing to do with last month’s tax payments or other one-time events such as the Treasury’s cash rebuild), including the return of both overnight and term […]

Under Armour CEO Plank Steps Down One Year After #MeToo Crisis 

Under Armor’s stock is up several percent in pre-market trading after Kevin Plank, founder/CEO of the apparel company, is stepping down after more than two decades. Chief Operating Officer Patrik Frisk will replace Plank, effective Jan. 01, reported CNBC.  Plank will take a more passive role in daily operations in 2020, will transition to executive […]

Saudi’s Aramco IPO Is Mission Impossible

Once again reports are out that Saudi Aramco is said to be pushing its mammoth IPO top completed by the end of this year (reportedly relying more on Saudi and MidEast regional investors). The kickoff, originally scheduled for Oct. 20, was delayed after Aramco got mixed feedback from international investors. Bloomberg reports that Aramco now plans to press on […]