Good morning everyone! After yesterday's slump in both stocks'n'metals we've got a metals rebound today and futures traders expect more declines in stocks: IBD re-lowered the call to 'market under pressure'; volume was less than Friday's options-day but for me the above average trade explains today's flight. Someone tell me why this isn't 'profit-taking' time.
- US Acts to Curb Firms' Moves Overseas to Avoid Taxes New York Times - 12 hours ago WASHINGTON - Treasury Secretary Jacob J. Lew announced rules on Monday that are aimed at making it more difficult for American companies to lower their tax bills by relocating overseas and that would wipe out the benefits for those that do.
- Record US whistleblower payout a warning for big business abroad Economic Times - 4 hours ago WASHINGTON/SHANGHAI: US regulators will pay a record $30 million bounty to an anonymous whistleblower outside the United States, underlining the growing reach of the country's watchdogs and creating a headache for global firms in fast-growing ...
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