Yikes! $450.3 million for Leonardo da Vinci’s “Salvator Mundi” sold on Wednesday night at Christie’s auction, shattering the high for any work of art sold at auction. It far surpassed Picasso’s “Women of Algiers” which fetched $179.4 million at Christie’s in May 2015. It also far surpassed the $127.5 million that Russian billionaire oligarch Dmitry…
Yikes! $450.3 million for Leonardo da Vinci’s “Salvator Mundi” sold on Wednesday night at Christie’s auction, shattering the high for any work of art sold at auction. It far surpassed Picasso’s “Women of Algiers” which fetched $179.4 million at Christie’s in May 2015. It also far surpassed the $127.5 million that Russian billionaire oligarch Dmitry…
If you’re one of the folks who have tried to take a contrarian approach and lean against inexorable curve flattening as opposed to leaning into it harder than a Texas rapper on purple Sprite, well then you’ve probably had a rough go of it. Take Monday for instance, which finds the 5s30s eying 70bps: This…
If you’re one of the folks who have tried to take a contrarian approach and lean against inexorable curve flattening as opposed to leaning into it harder than a Texas rapper on purple Sprite, well then you’ve probably had a rough go of it. Take Monday for instance, which finds the 5s30s eying 70bps: This…
The Treasury opened the fiscal year 2018 with an October budget deficit of $63.2 billion. That is 37.9% larger than the $45.8 billion deficit in October of last year. The primary reason behind this surge in year-over-year deficits was a 21.6% increase in net interest expenses. The annual red-ink problem looks even greater when recognizing…
The Treasury opened the fiscal year 2018 with an October budget deficit of $63.2 billion. That is 37.9% larger than the $45.8 billion deficit in October of last year. The primary reason behind this surge in year-over-year deficits was a 21.6% increase in net interest expenses. The annual red-ink problem looks even greater when recognizing…
Shares of Cardinal Health (CAH) are sliding after Morgan Stanley analyst Ricky Goldwasser downgraded the stock to Underweight, a sell-equivalent rating, as he believes Amazon (AMZN) is looking to scale its medical supply distribution efforts and Cardinal’s potential earnings risk from the e-commerce giant’s effort is larger than its peers. Patterson (PDCO) and Henry Schein…
Shares of Cardinal Health (CAH) are sliding after Morgan Stanley analyst Ricky Goldwasser downgraded the stock to Underweight, a sell-equivalent rating, as he believes Amazon (AMZN) is looking to scale its medical supply distribution efforts and Cardinal’s potential earnings risk from the e-commerce giant’s effort is larger than its peers. Patterson (PDCO) and Henry Schein…
EUR/USD is testing overnight lows (and gold is tumbling) after German Chancellor Angela Merkel said she would prefer to go ahead with new federal elections rather than try to form a minority government. Seeking her fourth term, Bloomberg reports that Merkel is “skeptical” about a minority government as it may not bring about necessary stability and is open to…
EUR/USD is testing overnight lows (and gold is tumbling) after German Chancellor Angela Merkel said she would prefer to go ahead with new federal elections rather than try to form a minority government. Seeking her fourth term, Bloomberg reports that Merkel is “skeptical” about a minority government as it may not bring about necessary stability and is open to…
