Deutsche Bank's headquarters in Frankfurt were raided by Germany's public prosecutor for alleged money laundering.In September, Germany's financial regulator had ordered the bank to take action to prevent so-called terrorism financing and money laundering.

Oil prices fell on Friday to their lowest levels in more than a year, deepening a rapid seven-week sell-off that has plunged crude futures deep into a bear market. READ MORE...

Cryptocurrency mining operations in China are reportedly selling mining machines by weight, as opposed to price per unit.This selloff was reported by local Chinese crypto outlet 8BTC Wednesday, Nov. 21, with reference to the cryptocurrency mining pool F2Pool. READ MORE...

A fresh burst of arctic air around the Midwestern United States helped U.S. natural gas futures surge more than 11% on Wednesday. With the forecast of snow showers continuing over the next several weeks, coupled with an indication that stockpiles may simultaneously plunge, Nymex natural gas prices increased by 11.2% to stand at $4.74/MMBtu. Although production has increased in this year, further increased demand since the beginning of November has kept inventories well below normal.With an unusually cold start to the winter season, analysts expect supply to be constrained for the entire peak heating season considering the low levels of inventory, which in turn can make prices go up further. With the potential for natural gas shortages at the end of the season, several gas-focused companies like Antero Resources (AR, +2.91%), Gulfport Energy Corporation (GPOR, +3.40%), EQT Corporation (EQT, +2.14%) and Cabot Oil & Gas (COG, +2.64%) were some of the top gainers in Wedn

Exxon entered a 12-year agreement with Denmark’s Orsted A/S to buy 500 megawatts of wind and solar power in the Permian Basin, in-line with the company’s strategy to use renewable energy to produce oil in West Texas. Although the terms of the contract are yet to be disclosed, according to Bloomberg NEF it is the largest ever renewable power contract signed by an oil company in the fastest growing U.S. oil field. As per the company’s investor presentation, 50% of the power that Exxon will buy would come from the Sage Draw wind farm, which Orsted plans to get operational in 2020.The other 50% would come from the Permian Solar farm, scheduled to be operational in 2021. Exxon, which has for some time now been criticized for downplaying the risks of climate change, has finally turned to clean energy as it also becomes cheaper.

General Motors recently announced their new restructuring plan, whereby the company intends to cut 15,000 jobs and possibly shutter four U.S. factories across North America. Hearing about this decision, U.S. President Donald Trump lashed out at GM on Twitter and said that he may consider cutting “all” of the automaker’s “subsidies” if they plan to close down factories in U.S. Further, he pointed out that nothing was “being closed in Mexico & China” and that GM’s bet on China wouldn’t pay off. But avoiding China is just not on the cards for GM, as it could spell disaster for them. Why? First, China has emerged as the world’s largest car market, and GM has been selling more cars in China than in all of North America since 2014.In Q3 2018, GM sold 835,934 cars in the Chinese market including joint ventures, versus 700,000 in the U.S.

There is still a lot of Ethereum tied up in ICO projects and the fear is that a mass liquidation could send the token back below three figures in price or, even worse, to early 2017 levels. READ MORE...

Investors may know Eli Lilly (LLY) as a venerable member of the Big Pharma club whose bread and butter now comes from diabetes treatments.But analysts say Lilly stock is due for a boost from the drug giant's burgeoning migraine prevention and immunology medicines. READ MORE...

The Royal Bank of Canada's Q4 earnings reached a net income of C$3.25 billion, beating expectations and growing by 15%.Net profits rose to C$12.4 billion -- a new record. Commercial banking, strong capital markets and wealth management and insurance helped boost the bottom line for the bank.

Dapper Labs, the decentralized app (or dapp, pronounced ‘dee-app’) developer behind CryptoKitties, recently announced a $15 million funding round.Venrock, who led the round, were joined by GV (formerly Google Ventures) and Samsung NEXT.

The Financial Action Task Force (FATF), the international policy-making organization designed to “[combat] money laundering, terrorist financing and other related threats to the integrity of the international financial system,” announced in October an initial set of cryptocurrency-centric rules, with a more comprehensive set to follow by June 2019. The preliminary regulations require countries worldwide “to license or regulate cryptocurrency exchanges and some firms providing encrypted wallets, to help stamp out the use of digital money for money laundering, terrorism financing or other crimes,” said a Reuters report.Initial coin offerings (ICOs) are also responsible for complying with the provisions.

Information Technology consulting firm Accenture (NYSE: ACN) has been trending steadily higher over the last nine and a half years.The stock hasn’t suffered any major corrections since the end of the financial crisis in 2009 and has only challenged the support of its 52-week moving average on a few occasions during this incredible run. We see on the weekly chart that the recent downturn in the stock has brought it down to its 52-week moving average.

Ciena Corp. (NYSE: CIEN) is one of the few that has been able maintain its momentum and keep within its trend. We see on the daily chart that the stock has formed a trend channel over the last six months and the stock just bounced off of the lower rail of that channel.Most tech stocks have fallen below their 13-week and 52-week moving averages. Ciena operates in the communication equipment group within the tech sector.

Salesforce posted better-than-expected earnings for the third quarter, and solid growth in revenues. At 61 cents per share, excluding certain items, the cloud-based software company beat analysts’ estimate of  50 cents per share (according to Refinitiv).Revenue soared +26% from the year-ago period to touch $3.39 billion – higher than analyst’s expected $3.37 billion (according to Refinitiv). The company cites expansion in its Sales Cloud and Service Cloud businesses as significant contributors to its growth.

Huawei is a Chinese multinational telecommunications and smartphone company. According to Spark NZ (the nation's biggest telecom firm), government officials felt that using Huawei's 5G equipment could pose risks to national security."I have informed Spark that a significant network security risk was identified," said Andrew Hampton, the director general of GCSB. Huawei responded to New Zealand's decision with a statement saying  "we will actively address any concerns and work together [with the government] to find a way forward.

Papa John’s stock price took a hit on Tuesday amidst a report that there might not be any buyer for the company, as of now. A Wall Street Journal article said that the asset manager Trian Management Funds is reportedly no longer interested in bidding for Papa John's.In July, Papa John’s announced that it would use a “poison pill” (a stock dilution strategy) against Schatter should he try to increase his stake in the company. Papa John’s also faced some headwinds in its recent performance.

In a recent media release, Walt Disney Company (DIS) revealed that it chose Google Ad Manager as its new digital advertising handler for an undisclosed amount, after sidelining its previous handler, Comcast's FreeWheel. Under this multiyear and multimillion-dollar deal, Disney is set to move all of its digital brands and properties worldwide — including Disney, ABC, ESPN, Freeform, Marvel, Pixar and Star Wars — to Google’s advertising platform. With Google Ad Manager serving as DIS’s principal ad-technology platform, it will bring Disney’s entire global digital video and display business across multiple channels, including live streaming and direct-to-consumer content offerings, under one platform. This consolidation should allow Disney to standardize its ad-technology under one global platform.It will also allow them to build a cutting-edge video experience and refine the way ads are stitched into live video, so that there’s a more seamless viewing experience

During the U.S. shale oil and gas boom over the past 15 years, one of the major challenges for different U.S. energy sector companies is how to provide for the perennial infusion of cash needed to finance their exploration, production, and investment activities. With rising oil prices during early 2018, many analysts anticipated the challenge subsiding, as several energy companies revealed in third-quarter earnings reports that they were able to cover their capital spending from operating cash flows. Two of the country’s largest oil companies, ExxonMobil (XOM) and Chevron (CVX), reported healthy profits from their US operations after reporting losses in 2017. But these profits were recorded when the benchmark US WTI crude was trading around $73 a barrel.  It follows that the recent plunge in oil prices over the past two months has brought financing concerns/challenges back to the surface again.

Shares of GE recorded their 20th decline in the last 23 trading sessions, after Gordon Haskett analyst John Inch indicated that the bankruptcy of helicopter lessor Waypoint Leasing could summon more trouble for GE’s finance arm, GE Capital.GE’s shares dropped by ~ 4.5% on Monday after Inch’s warning became public. According to Inch, Waypoint's excessive capacity and muted demand -- owing largely to the energy industry’s limited rotorcraft usage due to distress in the offshore oil and gas sector -- has further enhanced its struggles. GE had acquired Milestone Aviation Group in 2014 for $1.8 billion, on the assumption that there wouldn’t be any write-down of the goodwill.

Paychex Inc. announced Monday that it plans to acquire privately held firm Oasis Outsourcing Acquisition Corp. for $1.2 billion. Payroll services company Paychex hopes that the acquisition of Oasis will bolster its own professional employer organization (PEO) strategy and potentially augment its client base.Paychex expects the transaction to potentially create "a number of revenue and cost synergies”. Paychex might finance the acquisition through a combination of cash and existing credit facilities or new debt.