An Australian politician is being suspended from his party as security officials investigate alleged ties to the Chinese government. Authorities raided the home of Shaoquett Moselmane, a state politician with the opposition Labor Party, on Friday. The Sydney Morning Herald reported that Australia’s national security agency ASIO is conducting an …
Read More »Why Facebook shares fell 6.5%
What happened Facebook (NASDAQ: FB) The actions had an impact on operations on Friday, falling 6.5% as of 12:10 pm EDT, following an announcement by Verizon (NYSE: VZ) Last night you are “pausing” the purchase of online ads from Facebook and its wholly owned subsidiary of Instagram. And that On …
Read More »Friday footnotes: LOL, EY; ‘That’ KPMG Girl; Slowdown in SEC enforcement | 6.26.20
EY did not request Wirecard bank statements for 3 years [Financial Times] For more than three years, EY did not request crucial information from a Singapore bank account where Wirecard claimed it had up to a billion euros in cash, a routine audit procedure that could have uncovered the huge …
Read More »Saturday June 27: Latest developments on coronavirus in Michigan
The browser does not support frames. 389 new cases, 1 new death Michigan’s daily report on new cases of coronavirus increased on Friday, June 26 for the fifth consecutive day. State health officials reported 389 confirmed cases of COVID-19 and 1 death in the past 24 hours, according to data …
Read More »This is what we are seeing for US oil production.
Welcome to the US edition of oil production from Oil Markets Daily! United States oil production is starting to rebound, but this should come as no surprise to anyone as WTI has now rebounded to $ 40 / bbl. Anything over $ 35 / bbl over an extended period will …
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