US markets are pointing towards a flat and lackluster trading session today. Wall Street will be open all day as usual, but expect low volume as traders and investors head out early for the Christmas weekend.
Here is the current market situation from CNN Money
European markets are lower today as French and German shares fall. The French CAC 40 is off 0.07% while the German DAX is down 0.15%. The FTSE 100 in London is not trading.
FRANKFURT (Reuters) - Deutsche Bank's pursuit of success on Wall Street has come at a high price, a $7 billion plus penalty illustrating the extent of its decline since 2008 when its then chief executive claimed it was one of the "strongest banks in the world".
LONDON (Reuters) - European stocks edged higher on Friday, helped by banks after two regional bellwethers settled investigations into U.S. mortgage securities, while oil and the dollar were on the back foot in light trading ahead of the Christmas break.
NEW YORK/WASHINGTON/BOSTON (Reuters) - U.S. chief executives, already wrestling with a steady flow of activist investors in their board rooms, face a newly challenging landscape now that the loudest voice of the bunch will have the ear of the next president and his securities' rule makers.
ZURICH/FRANKFURT (Reuters) - Credit Suisse and Deutsche Bank have been hit with a combined penalty of more than $12 billion over the sale of U.S. toxic debt, further hampering two of Europe's leading investment banks as they struggle with weak earnings.
ZURICH (Reuters) - Credit Suisse had agreed in principle to pay U.S. authorities $2.48 billion to settle claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the Swiss bank said on Friday.
NEW YORK (Reuters) - The U.S. Department of Justice on Thursday sued Barclays Plc and two former executives on civil charges of fraud in the sale of mortgage-backed securities during the run-up to the 2008-09 financial crisis.
BEIJING (Reuters) - China will fine U.S. automaker General Motors Co's joint venture 201 million yuan ($29 million) for monopolistic pricing, state television reported on Friday, ending speculation after an official warned of penalties against a U.S. carmaker.
WASHINGTON (Reuters) - A federal judge said on Thursday that Volkswagen AG has reached an agreement in principle to provide "substantial compensation" to the owners of about 80,000 3.0-liter polluting diesel vehicles, a key hurdle to resolve the German automaker's emissions scandal.
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Something we should all be aware of.
From the LA Times:
The CIA has accused Russia of interfering in the 2016 presidential election by hacking into Democratic and Republican computer networks and selectively releasing emails. But critics might point out the U.S. has done similar things.
The U.S. has a long history of attempting to influence presidential elections in other countries - it's done so as many as 81 times between 1946 and 2000, according to a database amassed by political scientist Dov Levin of Carnegie Mellon University.
That number doesn't include military coups and regime change efforts following the election of candidates the U.S. didn't like, notably those in Iran, Guatemala and Chile. Nor does it include general assistance with the electoral process, such as election monitoring.
Levin defines intervention as "a costly act which is designed to determine the election results [in favor of] one of the two sides." These acts, carried out in secret two-thirds of the time, include funding the election campaigns of specific parties, disseminat ...
Covering numerous topics, from foreign politics to the Russian budget, the price of oil, sports doping allegations as well as the US election during his annual end-of-year news conference, Russian president Vladimir Putin slammed the US Democratic party saying "the party that is called the Democrats has clearly forgotten the original meaning of that name" and added that "the use of administrative resources (by the Democrats) is absolutely shameless."
He continued the rout saying "outstanding figures in American history from the ranks of the Democratic Party would likely be turning in their graves. Roosevelt certainly would be. They (the Democrats) are losing on all fronts and looking elsewhere for things to blame. In my view this, how shall I say it, degrades their own dignity. You have to know how to lose with dignity."
Taking another shot at the US Democratic Party, Putin said it is losing on all fronts and that it is wrongly trying to blame President-elect Donald Trump's victory on external factors. "You need to learn how to lose gracefully," he said.
He added that "losers always look for someone to blame, but they should first of all look at themselves.
Ptuin then said that "the most important thing is what was revealed. It's not like people invented this information - what they reported is true. It showed how the Democratic Party manipulated the system against Bernie Sanders. Instead of apologizing, they began to look for people to blame."
Putin added that the question of who hacked the U.S. Democratic party was not important, but that the hacks revealed that public opinion in the United States was being manipulated. Ru ...
Up to two hijackers, described as being "pro-Gaddafi," have seized control of Afriqiyah Airways flight 8U209 in Libya, forcing the Airbus A320 plane to land in Malta. The suspected hijackers of the airliner with 111
passengers aboard have threatened to blow up the plane on the runway at
the international airport in Malta, the WSJ reports.
The airliner, a Airbus A320, landed at Malta's Luqa airport at 1030 GMT, according to Flightradar24.
Hijacked Afriqiyah Airways flight diverted to Malta https://t.co/bEAPwrpZts pic.twitter.com/Haor9Zr09n
— Flightradar24 (@flightradar24) December 23, 2016
The plane, an Afriqiyah Airways flight to Tripoli from Sabha, was diverted by a passenger who demanded to be flown to the Mediterranean. In a statement, Malta airport authorities confirmed that there has been "an unlawful interference" at the airport and that emergency teams have been dispatched to the site.
"The pilot reported to the control tower in Tripoli that they were being hijacked, then they lost communication with him," a security official from Mitiga airport in Libya told Reuters. "The pilot tried very hard to have them land at the correct destination but they refused."
????#Libyan plane with 118 passengers on board lands in
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