Spot The Odd One Out...

Pentagon Grabs 35% Equity Stake In Venezuelan Oil As Trump Vows To "Fill Up" The SPR Venezuelan President Delcy Rodriguez on Saturday evening unveiled further details of the grand US oil deal that was announced by President Trump on Friday, detailing that her country will receive about $19 per barrel of oil produced under the long-term energy deal. Rodriguez, who was Maduro's #2 as VP before the former president's overthrow by invading US forces less than a year ago, hailed the "historic" agreement as an avenue for boosting crude output while bringing...

"Neither Credible Nor Attractive": eBay Rejects GameStop's Takeover Bid eBay's board released a statement on Tuesday morning, rejecting GameStop CEO Ryan Cohen's unsolicited, non-binding acquisition proposal, calling it "neither credible nor attractive." "We have concluded that your proposal is neither credible nor attractive," Paul S. Pressler, eBay's chairman of the board of directors, wrote in a statement. Pressler cited concerns over GameStop's financing, the risks of a combined business, leadership and governance questions, and the potential impact on eBay's valuation and long-term growth. Pressler laid out the concerns: eBay's standalone prospects, the uncertainty regarding your...

American Consumers Have Never Been Less Confident Despite Inflation Fears Easing; UMich With the "mini war" still ongoing (albeit with a 'ceasefire' in place), expectations were for a continued slide (already at record lows) in the American consumer's sentiment in preliminary UMich data for May released today. And while the expectations were correct in direction, once again they underestimated just how bad things are as the headline UMich print fell from 49.8 to 48.2 (a new record low and below the 49.5 expectation). Under the hood was more mixed with Current Conditions tumbling...