Tesla Patents "Electric Fan Car" Weeks Before Roadster Reveal

Washington has a plan for Iran. According to a source close to the White House, the plan is to seize one or more of Iran’s islands in the Persian Gulf. Senator Chris Murphy, who says he has been briefed on what the administration intends to do after Tuesday’s midterms, summed it up this week in […]

French Budget Rejections Fuel Debt Crisis Fears As Yield Spread Over Germany Hits 15-Year High French government bonds sold off earlier today, pushing 10-year yields above 5% as budget concerns and social unrest sent the country's borrowing premium over Germany to its highest since 2011. The French 10-year yield climbed to 5.11%, its highest since 2002, while the spread over equivalent German debt widened to 174 basis points, according to Bloomberg data. Separately, across the Atlantic, the 10-year US Treasury yield declined to 5.07% as EU equities weakened and US stock futures...

The Low VIX Hides Fierce Undercurrents Via RealInvestmentAdvice.com, Goldman Sachs’ volatility desk made the following comment: “With the VIX back to its lowest levels in more than a month, our Vol desk is focused on hedging opportunities as 1-month S&P implied correlation is near its lowest level in 20 years.”  Simply, a low VIX can convey a sense of market calm on the surface, yet implied correlation tells a different story. The VIX, based on option trading data, measures the implied volatility of the S&P 500 index. A low VIX means traders expect the market...