Turkish high-speed train crashes in Ankara, killing at least four and injuring dozens

A Turkish high speed train collided with another locomotive and crashed into an overpass at a train station in Ankara on Thursday, killing four people and injuring 43, the local governor said. The accident occurred around 6:30 am (0330 GMT) as the train was travelling between Ankara and the central Turkish province of Konya, the broadcaster said. The Marsandiz station is around 8 km (5 miles) from the main Ankara train station. Governor Vasip Sahin told reporters the crash was caused by the high


A Turkish high speed train collided with another locomotive and crashed into an overpass at a train station in Ankara on Thursday, killing four people and injuring 43, the local governor said. The accident occurred around 6:30 am (0330 GMT) as the train was travelling between Ankara and the central Turkish province of Konya, the broadcaster said. The Marsandiz station is around 8 km (5 miles) from the main Ankara train station. Governor Vasip Sahin told reporters the crash was caused by the high
Turkish high-speed train crashes in Ankara, killing at least four and injuring dozens Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-13  Authors: mustafa kamaci, anadolu agency, getty images
Keywords: news, cnbc, companies, injuring, marsandiz, speed, occurred, high, killing, turkish, train, station, travelling, overpass, highspeed, crashes, dozens, ankara


Turkish high-speed train crashes in Ankara, killing at least four and injuring dozens

A Turkish high speed train collided with another locomotive and crashed into an overpass at a train station in Ankara on Thursday, killing four people and injuring 43, the local governor said.

Video footage showed emergency workers at the scene, working to rescue people from carriages trapped beneath the mangled metal wreckage of an overpass at the Marsandiz train station, to the west of Ankara.

The accident occurred around 6:30 am (0330 GMT) as the train was travelling between Ankara and the central Turkish province of Konya, the broadcaster said. The Marsandiz station is around 8 km (5 miles) from the main Ankara train station.

Governor Vasip Sahin told reporters the crash was caused by the high speed train hitting a locomotive which carries out track inspections.

It was not clear at what speed the trains were travelling when the crash occurred, but it occurred at a station where the Ankara-Konya train does not stop.

An official from the Ankara governor’s office initially said the high speed train had collided with a suburban train.

This is a developing story. Please check back for updates.


Company: cnbc, Activity: cnbc, Date: 2018-12-13  Authors: mustafa kamaci, anadolu agency, getty images
Keywords: news, cnbc, companies, injuring, marsandiz, speed, occurred, high, killing, turkish, train, station, travelling, overpass, highspeed, crashes, dozens, ankara


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Five US Marines missing after aircraft crash into sea off Japan

Five U.S. Marines were missing after two Marine Corps aircraft collided in mid-air and crashed into the sea off the coast of Japan on Thursday, in what U.S. officials said may have been a refueling exercise gone wrong. A series of emergency landings and parts falling from U.S. military aircraft have highlighted safety concerns. The Marine Corps said in a statement the incident occurred around 2 a.m. local time in Japan (1700 GMT Wednesday) about 200 miles off the Japanese coast. The two aircraft


Five U.S. Marines were missing after two Marine Corps aircraft collided in mid-air and crashed into the sea off the coast of Japan on Thursday, in what U.S. officials said may have been a refueling exercise gone wrong. A series of emergency landings and parts falling from U.S. military aircraft have highlighted safety concerns. The Marine Corps said in a statement the incident occurred around 2 a.m. local time in Japan (1700 GMT Wednesday) about 200 miles off the Japanese coast. The two aircraft
Five US Marines missing after aircraft crash into sea off Japan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: chung sung-jun, getty images news, getty images
Keywords: news, cnbc, companies, marine, condition, incident, crash, marines, sea, military, japan, aircraft, ministry, corps, japanese, missing, occurred


Five US Marines missing after aircraft crash into sea off Japan

Five U.S. Marines were missing after two Marine Corps aircraft collided in mid-air and crashed into the sea off the coast of Japan on Thursday, in what U.S. officials said may have been a refueling exercise gone wrong.

Japan’s defense ministry said its maritime forces had so far found two of the seven Marines who were aboard the aircraft — an F/A-18 Hornet fighter jet and KC-130 Hercules — at the time of the incident.

One was in a stable condition at Marine Corps Air Station Iwakuni, while the second had been found about 10 hours after the collision and brought aboard a Japanese military vessel, the ministry said. No other details about the second Marine were known, a ministry spokesman said.

Search and rescue efforts for the remaining five continued.

The incident adds to a growing list of U.S. military aviation accidents around the world in recent years, prompting hearings in Congress to address the rise.

The Military Times reported earlier this year that aviation accidents jumped nearly 40 percent from fiscal years 2013 to 2017. At least 133 service members were killed in those incidents, it said.

U.S. military accidents are a sensitive topic in Japan, particularly for residents of the southern prefecture of Okinawa, which is home to the bulk of the U.S. presence in the country. A series of emergency landings and parts falling from U.S. military aircraft have highlighted safety concerns.

“The incident is regrettable, but our focus at the moment is on search and rescue,” Japanese Defense Minister Takeshi Iwaya told a news conference. “Japan will respond appropriately once the details of the incident are uncovered.”

The Marine Corps said in a statement the incident occurred around 2 a.m. local time in Japan (1700 GMT Wednesday) about 200 miles off the Japanese coast.

The two aircraft had launched from Marine Corps Air Station Iwakuni and were conducting regular training when there was a “mishap,” the Marine Corps said.

The Marine Corps did not elaborate on the nature of the incident. A U.S. official, speaking on condition of anonymity, said it occurred during a refueling exercise.

Officials who spoke to Reuters on condition of anonymity were unsure precisely how the mishap occurred but none suspected foul play. An investigation has begun.


Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: chung sung-jun, getty images news, getty images
Keywords: news, cnbc, companies, marine, condition, incident, crash, marines, sea, military, japan, aircraft, ministry, corps, japanese, missing, occurred


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The same bond market move happening now occurred before the last three recessions

The market most closely watches the spread between the 2-year and 10-year, as well as 3-month to 10-year spread, which is the one preferred by the Fed. In all three cases, the 3-month to 10-year yield curve inverted for the first time an average 89 days later, or between 19 and 173 days. The 2-year yield Tuesday was just about 13 basis points away from the 10-year yield, while the 3-month yield was about 55 basis points from the 10-year. Paul Hickey, co-founder of Bespoke, said when the spread o


The market most closely watches the spread between the 2-year and 10-year, as well as 3-month to 10-year spread, which is the one preferred by the Fed. In all three cases, the 3-month to 10-year yield curve inverted for the first time an average 89 days later, or between 19 and 173 days. The 2-year yield Tuesday was just about 13 basis points away from the 10-year yield, while the 3-month yield was about 55 basis points from the 10-year. Paul Hickey, co-founder of Bespoke, said when the spread o
The same bond market move happening now occurred before the last three recessions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: patti domm
Keywords: news, cnbc, companies, worse, 10year, happening, 3month, 2year, occurred, basis, market, spread, points, recessions, bespoke, bond, yield


The same bond market move happening now occurred before the last three recessions

In the Treasury market, shorter-term interest rates this week started to move above some longer-term rates.

That can be an early warning sign of a recession, as it was in 1990, 2001 and 2007, according to a study by Bespoke. The firm said that kind of bond market move may indicate that some of the more widely watched spreads could also soon flip, or invert, a precursor to a recession.

The 3-year Treasury yield Monday moved above the 5-year yield, and it was soon followed by the 2-year. The market most closely watches the spread between the 2-year and 10-year, as well as 3-month to 10-year spread, which is the one preferred by the Fed.

Source: Bespoke

Bespoke said in the last three recessions, the first inversion — between the 3-year and the 5-year came an average 26.3 months before the start of a recession, with a range between 17 and 38 months. In all three cases, the 3-month to 10-year yield curve inverted for the first time an average 89 days later, or between 19 and 173 days.

The 2-year yield Tuesday was just about 13 basis points away from the 10-year yield, while the 3-month yield was about 55 basis points from the 10-year. Bespoke noted that a move to inversion on the latter would require either a significant rally in the 10-year, or two more rate hikes from the Fed.

Paul Hickey, co-founder of Bespoke, said when the spread on the 3-month to 10-year is between 50 and 100 basis points, the stock market tends to perform well.

Source: Bespoke

“The flatter it gets, the worse it is for the market. Even worse for the market is when it’s below 50 and already inverted,” he said.

“When you get the worse performance is after it inverts and gets positive again, and that’s when you really see the market weaken,” Hickey said.


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: patti domm
Keywords: news, cnbc, companies, worse, 10year, happening, 3month, 2year, occurred, basis, market, spread, points, recessions, bespoke, bond, yield


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German far-right protesters clash with leftists after Chemnitz stabbing

Far-right demonstrators clashed with leftist protesters in the eastern German city of Chemnitz on Monday after an Iraqi and a Syrian were arrested over a fatal stabbing that had triggered violent demonstrations. Police said they brought in water cannons after fireworks were thrown from both sides, causing injuries. We want to show that Chemnitz has another side that is cosmopolitan and opposes xenophobia,” Tim Detzner, the head of the radical Left party in Chemnitz, told the rally. Nearly the sa


Far-right demonstrators clashed with leftist protesters in the eastern German city of Chemnitz on Monday after an Iraqi and a Syrian were arrested over a fatal stabbing that had triggered violent demonstrations. Police said they brought in water cannons after fireworks were thrown from both sides, causing injuries. We want to show that Chemnitz has another side that is cosmopolitan and opposes xenophobia,” Tim Detzner, the head of the radical Left party in Chemnitz, told the rally. Nearly the sa
German far-right protesters clash with leftists after Chemnitz stabbing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-28  Authors: reuters, matthias rietschel
Keywords: news, cnbc, companies, chemnitz, farright, merkels, demonstrators, streets, german, syrian, protesters, clash, sides, occurred, leftists, stabbing


German far-right protesters clash with leftists after Chemnitz stabbing

Far-right demonstrators clashed with leftist protesters in the eastern German city of Chemnitz on Monday after an Iraqi and a Syrian were arrested over a fatal stabbing that had triggered violent demonstrations.

Police said they brought in water cannons after fireworks were thrown from both sides, causing injuries.

State and local officials appealed for calm as thousands of people took to the streets and Chancellor Angela Merkel’s spokesman said Germany would not tolerate “vigilante justice”.

The unrest reflected a growing schism in German society after Merkel’s government allowed about 1 million asylum seekers to enter the country in 2015, triggering a shift to the right in German politics.

Over a thousand leftist protesters massed near a giant statue of Karl Marx in Chemnitz on Monday evening to protest attacks on foreigners that occurred during an impromptu demonstration on Sunday after reports spread on social media about the stabbing of a 35-year-old German man.

“The scenes of people going after those who look like foreigners scare us. We want to show that Chemnitz has another side that is cosmopolitan and opposes xenophobia,” Tim Detzner, the head of the radical Left party in Chemnitz, told the rally.

Nearly the same number of demonstrators waving German and Bavarian flags gathered nearby, some breaking through police barriers aimed at keeping the two sides apart. Many chanted “We are the people,” a slogan used by far-right supporters.

The police in Saxony, the eastern state where Chemnitz lies, said on Twitter at around 1930 GMT that the demonstration had ended and they were accompanying participants to the train station.

Tensions were running high after some 800 demonstrators – including about 50 that police described as ready to commit violence – had taken to the streets on Sunday after the stabbing, which police said occurred after a row.

Local prosecutors said they had arrested two suspects, a 22-year-old Syrian man and a 21-year-old Iraqi man.


Company: cnbc, Activity: cnbc, Date: 2018-08-28  Authors: reuters, matthias rietschel
Keywords: news, cnbc, companies, chemnitz, farright, merkels, demonstrators, streets, german, syrian, protesters, clash, sides, occurred, leftists, stabbing


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Motive is elusive after van driver kills 10 on Toronto sidewalk

Saunders said the suspect, Alek Minassian, who lives in the Toronto suburb of Richmond Hill, had not been known to police previously. The incident occurred as Cabinet ministers from the major industrial countries were gathered in Canada to discuss a range of international issues in the run-up to the G7 meeting near Quebec City in June. The driver was heading south on busy Yonge Street around 1:30 p.m. and the streets were crowded with people enjoying an unseasonably warm day when the van jumped


Saunders said the suspect, Alek Minassian, who lives in the Toronto suburb of Richmond Hill, had not been known to police previously. The incident occurred as Cabinet ministers from the major industrial countries were gathered in Canada to discuss a range of international issues in the run-up to the G7 meeting near Quebec City in June. The driver was heading south on busy Yonge Street around 1:30 p.m. and the streets were crowded with people enjoying an unseasonably warm day when the van jumped
Motive is elusive after van driver kills 10 on Toronto sidewalk Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-04-24  Authors: carlo allegri
Keywords: news, cnbc, companies, kills, toronto, elusive, yonge, motive, van, occurred, sidewalk, driver, suspect, incident, canadian, security


Motive is elusive after van driver kills 10 on Toronto sidewalk

Saunders said the suspect, Alek Minassian, who lives in the Toronto suburb of Richmond Hill, had not been known to police previously. An online social media profile described him as a college student.

Officials would not comment on a possible motive except to play down a possible connection to terrorism, a thought that occurred to many following a series of attacks involving trucks and pedestrians in Europe and New York as well as the presence in Toronto this week of Cabinet ministers from the G7 nations.

Asked if there was any evidence of a terrorist link, the chief said only, “Based on what we have there’s nothing that has it to compromise the national security at this time.”

A senior national government official said earlier that authorities had not turned over the investigation to the Royal Canadian Mounted Police, a sign that investigators believed it was unlikely that terrorism was the motive. The official agreed to reveal that information only if not quoted by name.

Authorities released few details in the case, saying the investigation was still underway, with witnesses being interviewed and surveillance video being examined.

“We are looking very strongly to what the exact motivation was for this particular incident to take place,” Saunders said. “We need every single piece of this puzzle so we can have a fulsome picture and account as to exactly what took place here.”

Police said the suspect was scheduled to appear in court at 10 a.m. Tuesday, and that information on the charges against him would be released at that time.

The incident occurred as Cabinet ministers from the major industrial countries were gathered in Canada to discuss a range of international issues in the run-up to the G7 meeting near Quebec City in June. Canadian Public Safety Minister Ralph Goodale called the incident a “horrific attack” and said the G7 foreign ministers extended their condolences.

The driver was heading south on busy Yonge Street around 1:30 p.m. and the streets were crowded with people enjoying an unseasonably warm day when the van jumped onto the sidewalk.

Ali Shaker, who was driving near the van at the time, told Canadian broadcast outlet CP24 that the driver appeared to be moving deliberately through the crowd at more than 30 mph.

“He just went on the sidewalk,” a distraught Shaker said. “He just started hitting everybody, man. He hit every single person on the sidewalk. Anybody in his way he would hit.”

Witness Peter Kang told CTV News that the driver did not seem to make any effort to stop.

“If it was an accident he would have stopped,” Kang said. “But the person just went through the sidewalk. He could have stopped.”

Video broadcast on several Canadian outlets showed police arresting the driver, dressed in dark clothes, after officers surrounded him and his rental Ryder van several blocks from where the incident occurred in the North York neighborhood of northern Toronto. He appeared to make some sort of gesture at the police with an object in his hand just before they ordered him to lie down on the ground and took him away.

Witness Phil Zullo said that he saw police arresting the suspect and people “strewn all over the road” where the incident occurred.

“I must have seen about five, six people being resuscitated by bystanders and by ambulance drivers,” Zullo said. “It was awful. Brutal.”

Police shut down the Yonge and Finch intersection following the incident and Toronto’s transit agency said it had suspended service on the subway line running through the area.

Prime Minister Justin Trudeau expressed his sympathies for those involved.

“We should all feel safe walking in our cities and communities,” he said. “We are monitoring this situation closely, and will continue working with our law enforcement partners around the country to ensure the safety and security of all Canadians.”

The stretch of Yonge Street where the victims were struck remains closed to traffic and was expected to stay blocked off for several days as police continue what is likely to be a lengthy investigation.

The incident prompted police to beef up security and close several streets around the Air Canada Centre on Monday night for the Toronto-Boston NHL playoff game. Police tweeted that similar road closures may be in effect for the Toronto Raptors NBA playoff game on Wednesday night.


Company: cnbc, Activity: cnbc, Date: 2018-04-24  Authors: carlo allegri
Keywords: news, cnbc, companies, kills, toronto, elusive, yonge, motive, van, occurred, sidewalk, driver, suspect, incident, canadian, security


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United Airlines apologizes for dog that died after being put in overhead bin

United Airlines apologized Tuesday for the death of a passenger’s dog after it was stored in an overhead bin. “This was a tragic accident that should never have occurred, as pets should never be placed in the overhead bin,” United spokesman Charlie Hobart said. American and Delta each reported that two animals died on their planes last year. Last August, a King Charles spaniel named Lulu on a Houston to San Francisco flight died in the cargo hold after a long tarmac delay. In April, giant rabbit


United Airlines apologized Tuesday for the death of a passenger’s dog after it was stored in an overhead bin. “This was a tragic accident that should never have occurred, as pets should never be placed in the overhead bin,” United spokesman Charlie Hobart said. American and Delta each reported that two animals died on their planes last year. Last August, a King Charles spaniel named Lulu on a Houston to San Francisco flight died in the cargo hold after a long tarmac delay. In April, giant rabbit
United Airlines apologizes for dog that died after being put in overhead bin Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-13  Authors: leslie josephs, getty images
Keywords: news, cnbc, companies, animals, transported, passenger, apologizes, united, dog, overhead, died, bin, airlines, flight, airline, occurred


United Airlines apologizes for dog that died after being put in overhead bin

United Airlines apologized Tuesday for the death of a passenger’s dog after it was stored in an overhead bin.

Maggie Gremminger identified herself as a fellow passenger on United flight 1284 from Houston to New York’s LaGuardia Airport on Monday night and wrote in a Facebook post that she witnessed a flight attendant instruct the traveler flying with the dog to stow the carrier, with the dog inside, in an overhead bin.

“This was a tragic accident that should never have occurred, as pets should never be placed in the overhead bin,” United spokesman Charlie Hobart said.

The passenger was asked to move the bag because it was sticking out into the aisle, according to a person familiar with the incident.

“By the end of the flight, the dog was dead,” Gremminger wrote. “The woman, crying in the airplane aisle on the floor.”

Gremminger, who did not immediately return a request to comment, posted that she heard the dog barking and “we didn’t know it was a barking cry for help.”

United has reached out to passengers who were on the flight for more information about the incident.

“We assume full responsibility for this tragedy and express our deepest condolences to the family and are committed to supporting them,” said the airline’s statement. “We are thoroughly investigating what occurred to prevent this from ever happening again.”

The airline is paying for a necropsy of the small dog and is refunding the tickets.

United has faced public outcry after other animals have died on its planes. The airline said it transported 138,178 animals in 2017, more than any other airline, according to the Department of Transportation.

The airline reported to the Department of Transportation the highest number of animal deaths of any U.S. carrier: 18, a rate of 2.24 per 10,000 transported animals. American and Delta each reported that two animals died on their planes last year. Those figures refer to animals that were transported in the cargo hold, not the cabin. United spokesman Hobart said many of the animal deaths were due to animals’ preexisting conditions.

Last August, a King Charles spaniel named Lulu on a Houston to San Francisco flight died in the cargo hold after a long tarmac delay. In April, giant rabbit Simon was found dead after a United flight from London to Chicago.

That incident occurred a few months after passenger David Dao was violently dragged off a flight to make room for commuting crew members. United apologized for that incident after an outcry from consumers.

After the passenger dragging, United launched computer-based customer service training. Starting this year, the airline introduced a new curriculum for front-line employees like flight attendants that teaches safety, efficiency and compassion.


Company: cnbc, Activity: cnbc, Date: 2018-03-13  Authors: leslie josephs, getty images
Keywords: news, cnbc, companies, animals, transported, passenger, apologizes, united, dog, overhead, died, bin, airlines, flight, airline, occurred


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Meryl Streep on Weinstein: If more women were in leadership ‘the shenanigans wouldn’t have occurred’

According to reports, women involved in cases against Ailes and O’Reilly were paid well into the millions. Streep, who’s worked with Weinstein on several films including “The Iron Lady” and “August: Osage County” told the Huffington Post that she was unaware of her colleague’s actions. “Not to generalize, but women seem to have a better capacity than men do, partly because of their socialization,” Obama said. Streep emphasized that the unequal power dynamics between men and women exist far beyon


According to reports, women involved in cases against Ailes and O’Reilly were paid well into the millions. Streep, who’s worked with Weinstein on several films including “The Iron Lady” and “August: Osage County” told the Huffington Post that she was unaware of her colleague’s actions. “Not to generalize, but women seem to have a better capacity than men do, partly because of their socialization,” Obama said. Streep emphasized that the unequal power dynamics between men and women exist far beyon
Meryl Streep on Weinstein: If more women were in leadership ‘the shenanigans wouldn’t have occurred’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-12-13  Authors: courtney connley, getty images, peter foley, bloomberg
Keywords: news, games, cnbc, companies, power, better, wouldnt, meryl, weinstein, streep, women, right, level, told, shenanigans, occurred, men, obama, leadership, think, oreilly


Meryl Streep on Weinstein: If more women were in leadership 'the shenanigans wouldn't have occurred'

Other powerful men like late former Fox News CEO Roger E. Ailes and television journalist Bill O’Reilly also settled with their accusers. According to reports, women involved in cases against Ailes and O’Reilly were paid well into the millions.

Streep, who’s worked with Weinstein on several films including “The Iron Lady” and “August: Osage County” told the Huffington Post that she was unaware of her colleague’s actions. She said his “behavior is inexcusable, but the abuse of power familiar.”

To better address the ongoing wave of allegations, the 68-year-old says more company boards need to have gender equality.

“I think right now, there are a lot of opportunities in at the bottom, and then you get up to the middle level of management,” she told the BuzzFeed audience. “But at the top level, the same rules generally adhere. [Women] are at 17 to 20 percent of the boards. That’s pretty much anything, from the Senate to the Supreme Court to probably here.”

At an event in Paris earlier this month, former U.S. President Barack Obama also called for an increase in more women in leadership positions because he said “men seem to be having some problems these days.”

“Not to generalize, but women seem to have a better capacity than men do, partly because of their socialization,” Obama said.

Streep emphasized that the unequal power dynamics between men and women exist far beyond Hollywood and said it’s everyone’s responsibility to speak out.

“I think power tries to suppress the truth,” she said. “In Hollywood, on Wall Street and in the news media as well. So everybody has to stay alert, awake and fight against it.”

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Company: cnbc, Activity: cnbc, Date: 2017-12-13  Authors: courtney connley, getty images, peter foley, bloomberg
Keywords: news, games, cnbc, companies, power, better, wouldnt, meryl, weinstein, streep, women, right, level, told, shenanigans, occurred, men, obama, leadership, think, oreilly


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Hyatt: Credit card data breach occurred between March 18 & July 2


Hyatt: Credit card data breach occurred between March 18 & July 2 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-10-12  Authors: qilai shen, bloomberg, getty images, david paul morris, mandel ngan, afp, cameron costa, kevin lamarque, jason laveris, filmmagic
Keywords: news, games, cnbc, companies, breach, credit, data, card, occurred, 18, hyatt


Hyatt: Credit card data breach occurred between March 18 & July 2


Company: cnbc, Activity: cnbc, Date: 2017-10-12  Authors: qilai shen, bloomberg, getty images, david paul morris, mandel ngan, afp, cameron costa, kevin lamarque, jason laveris, filmmagic
Keywords: news, games, cnbc, companies, breach, credit, data, card, occurred, 18, hyatt


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Equifax suffered hack in March, before recent data breach

Equifax suffered hack in March, before recent data breach14 Hours AgoCNBC’s Aditi Roy reports on an Equifax hack that occurred in March of this year.


Equifax suffered hack in March, before recent data breach14 Hours AgoCNBC’s Aditi Roy reports on an Equifax hack that occurred in March of this year.
Equifax suffered hack in March, before recent data breach Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-19  Authors: brendan mcdermid, david paul morris, bloomberg, getty images, timothy a clary, afp, cameron costa, mohamed abd el ghany, lucas jackson, kevin lamarque
Keywords: news, games, cnbc, companies, breach14, hours, recent, hack, breach, suffered, data, roy, equifax, reports, occurred


Equifax suffered hack in March, before recent data breach

Equifax suffered hack in March, before recent data breach

14 Hours Ago

CNBC’s Aditi Roy reports on an Equifax hack that occurred in March of this year.


Company: cnbc, Activity: cnbc, Date: 2017-09-19  Authors: brendan mcdermid, david paul morris, bloomberg, getty images, timothy a clary, afp, cameron costa, mohamed abd el ghany, lucas jackson, kevin lamarque
Keywords: news, games, cnbc, companies, breach14, hours, recent, hack, breach, suffered, data, roy, equifax, reports, occurred


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Last four times oil did this, huge rallies occurred, and it’s very close to doing it again: Tom Lee

Veteran strategist Thomas Lee, who’s made several contrarian calls which have evolved into great buying opportunities, is predicting an oil rally will soon wipe out losses from the latest downturn. The last four times oil moved into backwardation, the commodity rallied between 25 percent and 72 percent in the next nine months, according to Lee. That’s normally a market imbalance,” said Lee, who is Fundstrat’s Head of Research, on Wednesday’s “Trading Nation.” “Our investors and clients are overl


Veteran strategist Thomas Lee, who’s made several contrarian calls which have evolved into great buying opportunities, is predicting an oil rally will soon wipe out losses from the latest downturn. The last four times oil moved into backwardation, the commodity rallied between 25 percent and 72 percent in the next nine months, according to Lee. That’s normally a market imbalance,” said Lee, who is Fundstrat’s Head of Research, on Wednesday’s “Trading Nation.” “Our investors and clients are overl
Last four times oil did this, huge rallies occurred, and it’s very close to doing it again: Tom Lee Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-05-31  Authors: stephanie landsman, michael nagle, bloomberg, getty images, andrey rudakov, brendan mcdermid, source, lawrence mcdonald
Keywords: news, games, cnbc, companies, lee, times, occurred, close, rally, huge, positive, oil, rallies, backwardation, soon, losses, tom, doing, sp, trading, market


Last four times oil did this, huge rallies occurred, and it's very close to doing it again: Tom Lee

Veteran strategist Thomas Lee, who’s made several contrarian calls which have evolved into great buying opportunities, is predicting an oil rally will soon wipe out losses from the latest downturn.

He says oil futures are on the verge of moving into “backwardation,” a term used to describe a market anomaly when futures contracts that expire later are trading at lower prices than contracts that expire sooner.

The last four times oil moved into backwardation, the commodity rallied between 25 percent and 72 percent in the next nine months, according to Lee.

“We’re approaching a flip back into backwardation, meaning the spot price is approaching and may soon exceed the 24-month contract. That’s normally a market imbalance,” said Lee, who is Fundstrat’s Head of Research, on Wednesday’s “Trading Nation.”

Lee is no stranger to making contrarian calls that manifest into big profits.

He’s been recognized for telling clients to view Brexit’s violent losses last June as a buying opportunity. The stock market regained nearly all its losses within about a week.

Lee predicted President Trump’s election win last November as a strong positive for stocks while profit-taking was running wild. Since the election victory, the S&P 500 has soared nearly 13 percent.

The latest forecast comes as WTI crude oil is on track for its third monthly loss in a row, closing below the psychological level of $50 a barrel on Wednesday. Brent also traded lower, and the S&P energy index was deep in the red.

“Our investors and clients are overly pessimistic on oil,” added Lee. “The market is coming into balance.”

Lee cites the confidence in demand growth, a flatter, weaker dollar, and optimism that we’ll see production discipline as reasons to support a sustained oil rally in the coming days.

Even though Lee notes that he isn’t an “oil expert,” he also points out that June since 2002 is typically a positive month for the commodity.

“Consumption and demand has been growing every year,” he said.


Company: cnbc, Activity: cnbc, Date: 2017-05-31  Authors: stephanie landsman, michael nagle, bloomberg, getty images, andrey rudakov, brendan mcdermid, source, lawrence mcdonald
Keywords: news, games, cnbc, companies, lee, times, occurred, close, rally, huge, positive, oil, rallies, backwardation, soon, losses, tom, doing, sp, trading, market


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