| January 02, 2025 | "Irreverent, but never irrelevant" | | |  | John Lothian
Publisher
John Lothian News | |
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Gambling, Murder and Mayhem: Welcome to the New Futures Markets of Today
JohnLothianNews.com
Gambling, murder, and mayhem are now part of today's CFTC-regulated financial futures markets. While mayhem has always been a feature of financial futures, you can now trade the outcome of the Super Bowl with "event contracts." These contracts strip away any pretense and reveal themselves as straightforward bets on "The Big Game." This isn't trading-it's gambling, wrapped in the guise of a financial instrument.
A week ago, Crypto.com unveiled a sports-focused version of its platform, enabling users to trade event contracts on "The Big Game." A promotional video is pinned to the Crypto.com X/Twitter feed, and the new offering is prominently featured on the frontpage of its website.
As of Sunday night, Kalshi has paused its markets related to murder and on Monday morning the contracts had disappeared from the Kalshi site. Previously listed contracts included "Did Luigi Mangione or a family member have UnitedHealthCare insurance?," "Will only Luigi Mangione be charged in connection with the killing of the UnitedHealthCare CEO?," and "Will Luigi Mangione plead guilty to murder?."
The rise of self-certified event contracts by non-traditional market participants - offering contracts serving no economic purpose beyond pure speculation - is eroding the trust and hard-earned reputation that futures markets have built in the modern trading era.
Read more (or listen to the podcast) »
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Hits & Takes
John Lothian & JLN Staff
How did you start your 2025? The Most Interesting Man in the World, aka Pat Kenny, president of the Village of Fontana, Wisconsin, joined dozens of people in neighboring village Williams Bay to take the polar plunge on January 1 at the Williams Bay beach. You can see the video HERE. Maybe he should be renamed The Craziest Man in the World.
We have another installment of The Front Runner in today's JLN and you can read the whole script up to this point HERE.
Don't miss the interview with Joe Corona, the chief strategy officer of Matrix Executions, that we did at FIA EXPO. He talks about the QRX ATS and how it works and is integrated with the Matrix algos and more. Joe and Bruce Lawrence are two of my favorite people as they hired me back in 1989 to be an off-the-floor proprietary trader for their group, Meltdown Trading. The gig didn't last, but I was glad to have had the opportunity. Joe is one of the most forward-looking and practical people I know in the industry.
CEO Taraneh Derayati reflected on an incredible year for Vermiculus in "2024: A Retrospective from Vermiculus' CEO."
CFTC Chairman Rostin Behnam will deliver remarks and join a fireside chat titled "Commodity Derivatives Regulation: Where Do We Go From Here?" at the Brookings Institution on Wednesday, January 8, 2025, from 10:00 a.m. to 11:00 a.m. EST. The event will take place in the Falk Auditorium at the Brookings Institution in Washington, D.C.
/jlne.ws/4gAVWkY
Kalshi Co-CEO and Founder Tarek Mansour was the guest of Rex Salisbury on his YouTube channel for an interview titled "No more trust in the media" - Why Prediction Markets are the Future (Kalshi Founder Tarek Mansour). The two talked about the election drive volume on Kalshi and the pushback Kalshi faced from regulators and media outlets. They also discussed the "French whale." Mansour makes some pretty bold statements in the interview.
Elon Musk, the world's richest man and owner of X, is now competing with the Kardashians for masterful self-promotion and media-savvy opportunism. Musk sparked intrigue by changing his name on the platform to Kekius Maximus and adopting a profile image of Pepe the Frog in Roman military attire, the BBC reported. While "Kekius" references "kek," a term linked to internet humor and far-right culture, it also ties to Kek, the Egyptian god of darkness, often depicted with a frog's head. The name change caused a surge in a memecoin sharing the "kek" name, though Musk's involvement with the cryptocurrency remains unclear. The addition of "Maximus" evokes the heroic character from the film Gladiator, adding another layer of mystery to Musk's cryptic rebranding.
Evidently, the immigration problems in Britain and Europe go back further than we thought. A groundbreaking DNA study reveals that Viking raiders who attacked Lindisfarne in 793 AD may have been retracing ancestral migration routes rather than conquering entirely foreign lands, The Telegraph reported. Genetic analysis of pre-8th century Scandinavian remains shows strong links to Britain and central Europe, suggesting a significant northward migration around 500 AD. Using a new DNA analysis method called Twigstats, researchers traced these movements, highlighting a reciprocal migration pattern: central Europeans moved to Scandinavia before Vikings later ventured south.
The study uncovered Scandinavian remains in a Roman gladiator cemetery in York, hinting at earlier Norse presence in Britain and connections to Roman conflicts with Germanic tribes. Findings confirm that migrations influenced the genetic and cultural landscape of Europe, aligning with historical accounts. Professor Peter Heather of King's College London noted, "Twigstats resolves long-disputed questions about the migrations that shaped medieval Europe's foundations."
Have a great day and stay safe and treat people the same way you want to be treated: with respect, equality and justice.~JJL
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 Matrix Executions Enhances Institutional Trading with Focus on Confidentiality and Liquidity s JohnLothianNews.com At the FIA EXPO, Joe Corona, Chief Strategy Officer of Matrix Executions, discussed how the firm ensures confidentiality while facilitating institutional investors' orders. In an interview with John Lothian News, Corona said: "When an institutional investor sends us an order, that order can send out indications of interest to counterparties, liquidity providers, and market makers." However, the information shared is carefully managed to prevent leaks. "We do not disclose buy or sell information, nor do we disclose the price. We just indicate the structure and size of the order," he said. Watch the video »
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Florida Polar Vortex Forecast: Arctic Blast Could Strike as South as Miami
Martha McHardy - Newsweek
Meteorologists are raising alarms as Florida braces for an unusual polar vortex that could bring icy temperatures as far south as Miami. Why It Matters. So far, this winter has seen one of the warmest Decembers on record in much of the northern United States. Though many residents experienced snow around the holidays, snow coverage was still at or near 20-year lows. However, the polar vortex could bring severe weather conditions, with some forecast models suggesting lobes of the system's frigid airs could push far into the southern United States, including Florida, with the potential to disrupt daily life in a state unaccustomed to such cold extremes.
/jlne.ws/4gzP4nV
***** I hope those Citadel transplants did not throw out their heavy winter jackets.~JJL
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Tuesday's Top Three
Our most read story on the last day of 2024 was, Gambling, Murder and Mayhem: Welcome to the New Futures Markets of Today from John Lothian News. Second was Want to Cut Down on Alcohol This Year? Behavioral Science Says This 2-Step Process Is the Best Way to Do It from Inc. Third goes with the story above about cold weather. Coldest January since 2011 brewing for US to lead to multiple winter storms from AccuWeather. There goes my power bill for heating.
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| Lead Stories | AI-generated phishing scams target corporate executives; Fast-developing technology gives hackers ability to craft 'perfect' fraudulent emails
Stephanie Stacey - Financial Times
Corporate executives are being hit with an influx of hyper-personalised phishing scams generated by artificial intelligence bots, as the fast-developing technology makes advanced cyber crime easier. Leading companies such as British insurer Beazley and ecommerce group eBay have warned of the rise of fraudulent emails containing personal details probably obtained through AI analysis of online profiles. "This is getting worse and it's getting very personal, and this is why we suspect AI is behind a lot of it," said Beazley's chief information security officer Kirsty Kelly. "We're starting to see very targeted attacks that have scraped an immense amount of information about a person."
/jlne.ws/3Pnrejj
Derivatives Trading Sinks 38% on Main Indian Bourse as Curbs Hit; Daily turnover of futures and options fell 19% on peer BSE; The Sebi's reforms included eliminating most weekly options
Savio Shetty - Bloomberg
Trading of derivatives on India's leading stock exchange tumbled by more than one-third in the first full month after the regulator implemented curbs to stem a surge in retail participation. Daily notional turnover sank 38% on average in December for futures and options on the National Stock Exchange of India Ltd. from November, compared with an increase in the final month of recent years. On BSE Ltd., it dropped 19% last month.
/jlne.ws/4gJlv3h
Crypto's $205 Billion Stablecoin Market Set to Go Mainstream; A growing number of traditional firms are entering stablecoins; Firms like Tether prove to be lucrative business models
Muyao Shen - Bloomberg
While Bitcoin's surge above $100,000 captivated the headlines in 2024, many financial firms were more focused this year on a different type of cryptocurrency whose price is never meant to rise - or fall for that matter. Mainstream players such as Visa, PayPal Holdings Inc., Stripe Inc. and others are making investments in projects involving stablecoins, which are crypto tokens typically designed to be pegged to the value of the US dollar or another traditional currency. This sub-sector of the digital-asset space has proven to be a lucrative business, now that issuers are able to invest reserves backing stablecoins in short-term US Treasuries with attractive yields. And unlike Bitcoin and other tokens prone to price volatility, use of stablecoins as actual currencies in transactions is gaining popularity around the world.
/jlne.ws/3ZSeSEE
Crypto industry dreams of a golden era under Trump; The sector expects lighter regulation and wider adoption under the president-elect, but some worry about systemic risks; Donald Trump's victory in the US election, during which the Republicans also took control of Congress, could lead to a more hands-off
Nikou Asgari and Chloe Cornish - Financial Times
In mid-December, two jubilant groups came together to celebrate their recent, interconnected turns in fortune: the freewheeling cryptocurrency industry and the family of the victorious US president-elect Donald Trump. Trump's second son, Eric, was the star attraction at the Bitcoin Mena 2024 conference in Abu Dhabi on December 10. In front of a whooping crowd of industry figures, Eric Trump assured them that his father would keep his promises to be "the most pro-crypto president" yet. Indeed, he drew a link between the two movements as victims of the same establishment.
/jlne.ws/3DGyHra
German Power Slips Below Zero as Negative-Price Phenomenon Grows
Eva Brendel and Eamon Farhat - Bloomberg
German power prices dropped below zero on the first trading day of the year, an increasingly frequent phenomenon in Europe as renewables expand.Intraday prices in Germany, the region's biggest market, turned negative during four hours overnight as wind-energy output reached as much as 40 gigawatts, far outstripping demand. The continent's power markets experienced record periods of negative prices last year as rapid growth in wind and solar capacity boosted generation. Germany notched up 468 hours, 60% more than a year earlier, according to data from Epex Spot. In France, below-zero hours more than doubled to 356.
/jlne.ws/3DE3IMl
SEC Writes Off $10 Billion in Fines It Can't Collect; Internal data shows securities enforcers bring in far less money than their cases indicate
Dave Michaels - The Wall Street Journal
Paul Bilzerian has been on the run from the Securities and Exchange Commission for so long that he now owes the agency $180 million with interest-almost three times what a court initially ordered him to pay. For 31 years, the agency has tried and failed to collect a $62 million judgment against the former corporate raider for securities fraud. To avoid paying the penalty, Bilzerian pleaded poverty and twice declared bankruptcy. He later moved to the island nation of St. Kitts and Nevis, beyond the reach of the U.S. government.
/jlne.ws/3W1jYx8
Crypto VC funding to exceed $18 billion in 2025, expert says
Sabrina Toppa - TheStreet via YahooFinance
With Donald Trump's pro-crypto presidency around the corner, crypto venture capital (VC) looks to surge in the year ahead. In 2024, VC funding in crypto increased 28% to hit $13.7 billion, data from The Block shows. That figure, however, remains modest compared to the meteoric rise of venture capital in the digital asset space during the crypto bull run of 2021, according to The Block. In 2021, venture capital in crypto grew to exceed $33 billion, one of the largest inflows of venture capital into the sector in such a rapid timespan. Although 2022 culminated with the high-profile cratering of FTX and other crypto firms - triggering widespread crypto market turmoil - crypto venture capital that year still amounted to over $30 billion.
/jlne.ws/3DEuAMc
D.E. Shaw to Return Billions After Flagship Hedge Fund Gains 18%; Second-biggest fund, Oculus, soars 36% to cap record year; Firm to give back half of 2024 gains in both the funds
Nishant Kumar - Bloomberg
D.E. Shaw & Co. is preparing to hand back billions of dollars to external clients after two of its biggest hedge funds produced double-digit returns last year. The firm's flagship multistrategy Composite hedge fund gained 18% in 2024, according to a person with knowledge of the matter. Oculus, the firm's second-biggest fund that mostly makes macro wagers, soared 36% to record its best-ever gain since its launch two decades ago, the person said, asking not to be identified because the details are private.
/jlne.ws/3DFKzJQ
Citigroup, BofA join US lenders in exiting Net-Zero Banking Alliance
Reuters
U.S. banks Citigroup (C.N), and Bank of America (BAC.N), said on Tuesday they are exiting the Net-Zero Banking Alliance (NZBA), a group of global banks that have pledged to curb greenhouse gas emissions. They follow Wells Fargo (WFC.N), and Goldman Sachs (GS.N), which both left the alliance earlier this month. Financial firms, historically criticized for their connections to the fossil fuel industry, have made efforts to incorporate net-zero standards more prominently into their operations.
/jlne.ws/3Pk1wvZ
Morgan Stanley to leave sector climate coalition
Reuters
Investment bank Morgan Stanley (MS) said on Thursday it had decided to leave the Net-Zero Banking Alliance, becoming the latest U.S. lender to quit the sector's top global climate coalition. While the bank gave no reason for its decision, top banks have been under pressure from some U.S. Republican politicians over their membership, with accusations that any move to limit finance to fossil fuel companies could breach antitrust rules.
/jlne.ws/4iZqkqI
Here's (Almost) Everything Wall Street Expects in 2025
Sam Potter - Bloomberg
Wall Street predictions for the year ahead are usually defined by expectations for growth, inflation and other dull-but-worthy economic indicators. For 2025, those are all overshadowed by a person - and he is anything but dull. The return of Donald J. Trump to the White House dominates this year's crop of investment outlooks published by the world's major banks, advisers and asset managers. Overall, his anticipated pro-business policies are fueling a sense of optimism, particularly when it comes to Corporate America and US assets. Yet his tough talk on global trade is also creating nervousness, while his general unpredictability has many prognosticators on edge.
/jlne.ws/40hFLmO
Regulation, Deals and Crypto: Fintech Themes to Watch in 2025
Emily Mason - Bloomberg
The clouds that hung over the financial-technology industry in 2024 appear to be clearing as interest-rate cuts, recoveries in fintech stocks and promises of a looser regulatory environment in the second Trump administration paint a more promising outlook for startups. After capturing a windfall of investment during the period that followed the Covid-19 pandemic, the fintech industry's vast crop of startups across payments, lending, consumer banking and other categories faced a challenging adjustment period. As venture-capital funding dried up, some fintechs cut their spending through layoffs and more-focused product strategies. Others with significant war chests held onto valuations that now appear to have been inflated during the frenzied funding period.
/jlne.ws/4gEHDM9
Unearthing their Y2K time capsule, Maryland millennials revisit childhood; A quarter-century after burying a plastic pipe stuffed with notes and mementos, old friends in Silver Spring discover that neighborhood bonds endure.
Steve Thompson - The Washington Post
As she descended into Maryland woods Wednesday with childhood friends, Claire Murrell couldn't remember much about what her 10-year-old self was thinking a quarter-century ago, when they buried the time capsule. That was New Year's Eve 1999, the precipice of the new millennium, a time marker symbolizing an unknowable future. People were stocking up on gasoline and groceries, spurred by uncertainty over how telecommunications, the electrical grid, bank machines and other systems would handle the feared (yet overblown, it turned out) Y2K bug - meaning the possible inability of computers to handle the year's new zeros.
/jlne.ws/4gWbEqA
How poker players keep New Year's resolutions; Gamblers understand the power of a bet.
Annie Duke - The Washington Post (opinion)
More than one-third of Americans made a New Year's resolution ahead of 2024, according to polling firm YouGov. Of those who did, 87 percent believed they would keep them all year. That belief is wildly off-base. Researchers in one of the few significant studies on New Year's resolutions found that only about 1 in 5 people followed through after two years. When it comes to keeping resolutions, the odds are stacked against us. But if we look closely at the debris of all those aborted plans and abandoned dreams, we can see what went wrong and come up with strategies and tactics to help us tilt the odds more in our favor.
/jlne.ws/49ZI5lw
Treasury's sanctions office hacked by Chinese government, officials say; A troubling series of breaches of U.S. firms and agencies could intensify friction between Washington and Beijing as Donald Trump takes office.
Ellen Nakashima and Jeff Stein - The Washington Post
Chinese government hackers breached a highly sensitive office in the Treasury Department that administers economic sanctions against countries and groups of individuals - one of the most potent tools possessed by the United States to achieve national security aims, according to U.S. officials. The targeting of the Office of Foreign Assets Control (OFAC) as well as the Office of the Treasury Secretary - developments not previously reported - reflects Beijing's determination to acquire intelligence on its most significant rival in the global competition for power and influence, said the officials, who like others interviewed for this report spoke on the condition of anonymity because of the matter's sensitivity.
/jlne.ws/3PFi41T
Undersea sabotage response is a dangerous business; Holding shady sailors to account would be a lot less perilous than risking war with a powerful nation
Elisabeth Braw - Financial Times
It's not just the two cables mysteriously damaged in Swedish waters in November or the cables cut in the Gulf of Finland a few days ago; harm is being visited on many undersea installations. Nato has already launched a Critical Undersea Infrastructure Network tasked with monitoring pipelines and communications cables. Owners and operators, too, are increasing surveillance, as are national governments. But surveillance is only one step. Far more difficult is what happens when operators or armed forces do detect malign activity on the ocean floor. What then? Punishing such sabotage with military power could be decidedly risky.
/jlne.ws/403K7N9
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| Ukraine Invasion | | News about the invasion of Ukraine by Russia and its military, economic, political and humanitarian impact | Russia and Ukraine End Five Decades of Gas Transit to Europe; Several central European countries must now find gas elsewhere; Slovakia had pushed for continued transit amid escalating spat
Priscila Azevedo Rocha, Daniel Hornak, and Anna Shiryaevskaya - Bloomberg
Russian gas stopped flowing to Europe via Ukraine, closing off a route that's operated for five decades after Kyiv refused to allow any transit that funds Moscow's war machine. Both sides confirmed the halt Wednesday after a key transit deal expired. The stoppage means central European countries that have relied on the flows will be forced to source more expensive gas elsewhere, compounding pressure on supplies just as the region depletes winter storage at the fastest pace in years.
/jlne.ws/4a3FB5C
What happens when Russian gas supply to Europe via Ukraine ends?
Reuters
Russian gas supplies sent via Ukraine to Europe for more than 40 years are scheduled to end on January 1 after Ukraine's Naftogaz refused to renew its latest five-year transit deal with Russia's Gazprom. Despite the war between the two countries, Ukrainian President Volodymyr Zelenskiy on Dec 19 said Kyiv might consider allowing the transit of Russian gas if payments to Moscow were withheld until the fighting ends.Russian President Vladimir Putin a week later said there was no time left this year to sign a new deal.
/jlne.ws/3DBDeLn
To Shorten the War in Ukraine, Tighten Oil Sanctions for Real; The oil price cap was an innovation in economic statecraft, but it is no longer working. The West needs to change the scope and improve enforcement.
The Editorial Board - Bloomberg
As Bloomberg News has reported, President Joe Biden is considering ramping up sanctions on Russia before he leaves office, hoping to pressure Russian President Vladimir Putin ahead of possible talks to end the war in Ukraine. As with previous decisions to loosen restrictions on Kyiv's use of US weapons, such a shift would be overdue - but welcome nonetheless. If negotiations to end Putin's brutal invasion are to take place, then the imperative for Western democracies must be to strengthen Ukraine's hand first. Outside of greater military support, it would be hard to send a more powerful message of resolve than to squeeze the oil and gas revenue that funded nearly one-third of Russia's federal budget in 2023.
/jlne.ws/3DE39Cd
Breakaway Moldovan region cuts heating and hot water as Russian gas flow ends
Alexander Tanas and Mark Trevelyan - Reuters
The breakaway Moldovan region of Transdniestria cut heating and hot water supplies to households on Wednesday after Russia stopped supplying gas to central and eastern Europe via Ukraine. The severing of the gas flow was felt immediately in the mainly Russian-speaking territory of about 450,000 people, which split from Moldova in the early 1990s as the Soviet Union collapsed. Russia has about 1,500 troops stationed there.
/jlne.ws/4j15uqX
European Gas Hits Euro 50 on Anticipation of Ukraine Transit Halt; Deal is set to lapse at end of 2024, with no pact for new year; Kyiv is under pressure from Slovakia to keep supplies flowing
Anna Shiryaevskaya - Bloomberg
European natural gas prices rose to the highest level since November 2023 in anticipation of a halt in Russian flows via Ukraine on New Year's Day, as a transit agreement between the two nations expires. Gas for February advanced as much as 4.5% on Tuesday, hitting EUR50 a megawatt-hour. A five-year deal between Moscow and Kyiv to move Russian gas to central Europe is set to lapse when the clock runs out on 2024, with no arrangement yet in place to avert a stoppage in supplies.
/jlne.ws/3PFjw4l
How Suicide Drones Transformed the Front Lines in Ukraine; Outnumbered and desperate, the nation began hacking cheap consumer drones with explosives - bringing a brutal new form of violence to 21st-century warfare.
C.J. Chivers - The New York Times
/jlne.ws/4gXO3WC
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| Israel/Hamas Conflict | | News about the recent (October, 2023) conflict between Israel and Hamas | Israeli intel lapses? Seized documents show Hamas's tactical depth, experts warn; Captured Hamas documents reveal years of meticulous intelligence gathering on Israeli border towns, exposing blind spots in Israel's security and intelligence efforts that experts say were exploited.
Keren Setton - The Jerusalem Post
In a recent reveal, Israel's Channel 12 News exposed documents that were found during the ground operation that showed years of effort on Hamas's part to gather intelligence about border towns and villages in Israel, including the movements and habits of leading local figures and security officers. Through meticulous information-gathering, Hamas was not only able to execute a surprise offensive but a precise one.
/jlne.ws/4gWvzFV
Israel Claims Senior Hamas Leader Killed in Gaza Strike
Amir Daftari - Newsweek
The Israeli military claimed an airstrike launched early on Thursday morning killed a senior member of Hamas' internal security apparatus. Palestinian officials reported that the strike in Gaza killed nine other people, including three children. The attack hit a tent in Muwasi, a designated humanitarian zone where hundreds of thousands of displaced individuals are sheltering amid the cold, rainy winter.
/jlne.ws/3DQ7VfN
Israeli Threat to Banish Aid Agency Looms Over Gaza; The U.N. agency known as UNRWA has been the backbone of aid to Gaza. Now, Israel is moving to ban it over accusations that it shielded Hamas militants.
Jack Nicas - The New York Times
To Palestinians, the United Nations Relief and Works Agency, or UNRWA, is a critical lifeline, providing food, water and medicine to hundreds of thousands of Gazans who have endured more than a year of war. To the Israeli government, it is a dangerous cover for Hamas, the armed Palestinian group that led the 2023 surprise attack on Israel. Now, Israeli legislators have laid the groundwork to ban the agency with the passage of two bills set to take effect this month.
/jlne.ws/3W2hXB4
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| Exchanges, OTC & Clearing | | Top news from exchanges, clearing, settlement and trade execution facilities | US stock markets to remain closed in honor of Jimmy Carter on National Day of Mourning
Wyatte Grantham-Philips - Associated Press
U.S. stock markets will remain closed on Jan. 9 in honor of former President Jimmy Carter, continuing a long-held Wall Street tradition in mourning the nation's leaders. Both the New York Stock Exchange and Nasdaq announced this week that they plan to close their equity and options markets next Thursday in observance of a National Day of Mourning for the 39th U.S. president and global humanitarian. Carter died on Sunday at his home in Plains, Georgia. He was 100 years old.
/jlne.ws/3BQkfMG
NGX Reveals Results Of Full-Year Review Of Market Indices
Mondo Visione
Nigerian Exchange Limited ("NGX" or "The Exchange"), the sustainable exchange championing the development of Africa's largest economy, has announced the results of its full-year market index review for the following indices - NGX 30; NGX Lotus Islamic; NGX Pension; NGX Pension Broad Index; Corporate Governance Index; Afrinvest Bank Value Index; Afrinvest Dividend Yield Index; Meristem Growth Index; Meristem Value Index; and the five Sectoral Indices of The Exchange - NGX Banking, NGX Insurance, NGX Industrial, NGX Consumer Goods and NGX Oil & Gas. The review has led to the entry and exit of some companies from several indices which took effect at the opening of the market on Thursday, 2 January 2025.
/jlne.ws/3VYCl64
NGX ASI closes 2024 with +37% return
NGX
Nigerian Exchange Limited (NGX) All Share Index closed 2024 with an impressive annual growth of 37.65 percent. The positive has marked a remarkable turnaround, breaking away from the poor performance of the 2015-2019 period to thrive in the 2020s.
/jlne.ws/400537N
INE Releases an Announcement on Requesting Public Comments on the Revised Clearing Rules of the Shanghai International Energy Exchange and Other Implementing Rules
SFE
Shanghai International Energy Exchange (INE) releases a announcement on requesting public comments on the Revised Clearing Rules of the Shanghai International Energy Exchange and other implementing Rules, as shown below: According to the Futures and Derivatives Law, Regulation on the Administration of Futures Trading, Measures for the Administration of Futures Exchanges, and other applicable rules and regulations, Shanghai International Energy Exchange (INE) proposes to revise the Clearing Rules of the Shanghai International Energy Exchange and the Enforcement Rules of the Shanghai International Energy Exchange and is requesting public comments on these rules.
/jlne.ws/40huYJr
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| Fintech | | A roundup of today's market tech news and a look at tomorrow's disruptors | Can France become a global AI powerhouse? Momentum has been slowing but the country boasts enviable technical skills and a burgeoning entrepreurial culture
John Thornhill - Financial Times
Contrasting with the morose mood in much of France nowadays, optimism and ambition fill the air at the cavernous Station F business incubator in Paris. Since opening in 2017, the world's biggest start-up campus has nurtured 7,000 businesses including two unicorns: the AI company Hugging Face, now based in the US, and the healthcare insurer Alan. Talk with the founders of AI companies at Station F and it is hard to resist their enthusiasm for the technology's potential and the attractions of France as a place to launch a company. Of the incubator's 40 best-performing start-ups, 34 have AI at the core of their business. The rapid emergence of Mistral, the Paris-based AI start-up now valued at $6bn that has developed one of the world's most impressive foundation models, has also given them much to cheer about.
/jlne.ws/4gW6BGC
China's No 2 chip foundry Hua Hong names former Intel veteran as new president
South China Morning Post
China's Hua Hong Semiconductor (688347.SS), the country's second-largest chip foundry, has hired a former Intel (INTC) veteran as its new president amid a management reshuffle. The Shanghai-based chipmaker, which specialises in mature node technology, said in a stock filing on Thursday that it hired Intel's former global vice-president Bai Peng, 62, as its new president on a three-year contract. Bai will take over the president's role from Tang Junjun, who will remain chairman and executive director of Hua Hong Semiconductor.
/jlne.ws/3DGpZcs
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| Cybersecurity | | Top stories for cybersecurity | Artificial intelligence, cybersecurity to create 1 million jobs by 2030: Quess IT Staffing report
HT News Desk via MSN
Emerging technologies, including artificial intelligence (AI), cybersecurity, cloud computing and data science, as a whole, are projected to generate around 1 million jobs by 2030, news agency PTI reported citing a report by Quess IT Staffing, a tech staffing solutions provider.
/jlne.ws/49YAgwF
AI, cyber security & data science lead job growth trends for 2025; Beyond Tier 1 cities, Tier 2 and Tier 3 towns are becoming key players in the IT sector's growth
MilleniumPost
The year 2024 marked a pivotal chapter for the Indian IT sector, influencing domestic and global economies, advancing technology, and reshaping workforce trends. Expected to contribute 10% to India's GDP by 2025, the IT industry is on a steady path of growth, with workforce expansion playing a vital role. Reflecting on 2024, the sector saw a 17% increase in new job opportunities, fueled by digital transformation and growing demand for specialized roles in emerging technologies. After a slow start in the first half of the year, the industry gained momentum in the latter half. Looking ahead to 2025, this positive trend is expected to continue, with an average 20% increase in demand for roles such as application developers, software engineers, DevOps engineers, and experts in AI, machine learning, and cybersecurity.
/jlne.ws/3DB0zg6
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| Cryptocurrencies | | Top stories for cryptocurrencies | "No more trust in the media" - Why Prediction Markets are the Future (Kalshi Founder Tarek Mansour)
Rex Salisbury - YouTube
In this conversation, I sit down with Tarek, founder and CEO of Kalshi - the first fully regulated prediction market in the US. Tarek reveals how Kalshi sued its regulator and won, enabling Americans to legally trade on election outcomes for the first time. We explore the record-breaking $1.4B in election-driven trading volume, discuss the pushback Kalshi has faced from both regulators and media outlets, and uncover the truth behind the so-called "French whale." Tarek also sheds light on how prediction markets foster a more informed public, why they're poised to reshape finance, and what comes next for Kalshi's platform-from broader markets to partnerships that will boost liquidity and accessibility.
/jlne.ws/4a4xmq3
Elon Musk changes his name to Kekius Maximus on X
Tom Bayly and Patrick Jackson - BBC News
The world's richest man, Elon Musk, has sparked speculation after changing his name on his social media platform X to "Kekius Maximus". The tech mogul - and close confidant of US President-Elect Donald Trump - offered no immediate explanation for the name or his new profile image which depicts the character Pepe the Frog - a meme that has been used by far-right groups. The move has sent ripples through the cryptocurrency world, sending the value of a memecoin - a digital currency inspired by internet memes - that shares the same name skyrocketing.
/jlne.ws/4a1rZIa
Springfield police reissue warning about cryptocurrency scams
MassLive
Scammers are directing people to cryptocurrency machines, urging them to insert and send money directly to the scammer.
/jlne.ws/4fLwHLo
Half of banned UK crypto adverts remain online; FCA has not yet used new powers to fine or prosecute groups that do not co-operate
Ellesheva Kissin - Financial Times
The UK's financial watchdog has yet to penalise any company that failed to take down illegal crypto adverts, despite half of all banned promotions remaining online after the watchdog asked for their removal. Only 54 per cent of the 1,702 alerts issued by the Financial Conduct Authority between October 2023 and October 2024 ended in the illegal crypto ads, apps or websites being taken down, according to figures obtained through a freedom of information request.
/jlne.ws/40hohXF
The Big Debate of 2025: Gold or Bitcoin? One has been used as an asset for thousands of years; the other less than two decades. But both just had a banner year.
Joel Weber and Eric Balchunas - Bloomberg
Gold or Bitcoin? The answer to that question-as always-depends on whom you ask. Yet the response will regularly be a passionate one. The exchange-traded fund has played an enormous role in making both assets more accessible, part of the reason 2024 was such a banner year. With the debut of spot Bitcoin ETFs and Donald Trump's election (given his embrace cryptocurrency during the campaign), we now look to what the new year means for both.
/jlne.ws/4j2SlOm
A Crypto Optimist's Guide for 2025; Five technologies that will dictate the future of the industry beyond the Bitcoin hype.
Aaron Brown - Bloomberg (opinion)
Before I undertake the hard task of predicting where the crypto industry will go in 2025, let's take a minute to recall where it has been. The bout of exuberance we are currently experiencing was preceded by three episodes of crypto summers followed by crypto winters - roughly three years of generally rising Bitcoin prices, and increasing capital flows and popular interest, followed by 14 months or so of sliding Bitcoin prices and serious questions about the future of crypto.
/jlne.ws/3C4i9bX
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| Politics | | An overview of politics as it relates to the financial markets | The debt ceiling is back on the table for 2025. Here's what happens next.
Ben Werschkul - Yahoo Finance
Donald Trump hoped to avoid a debt ceiling fight in 2025, but it was not to be. Last month, Democrats and about three dozen of the most conservative Republicans made common cause to reject a plan that included a debt ceiling extension, pushing off the issue until 2027 or 2029 (or even forever). Now, with default still on the table for 2025, the next step in that process starts on Jan. 1 when - as per a 2023 agreement between President Joe Biden and then-House Speaker Kevin McCarthy - a temporary suspension of the debt limit ends and a cap on the US government borrowing authority will be back in place.
/jlne.ws/4iWdFF1
Donald Trump's 'Maganomics' will damage growth, economists tell FT polls; On both sides of Atlantic, most surveyed claim protectionist shift will overshadow benefits of other policies
Valentina Romei and Sam Fleming, Colby Smith and Olaf Storbeck - Financial Times
Donald Trump's vision to reshape the world's largest economy through protectionist policies that put "America First" will damage growth, according to Financial Times economists' polls that contrast with investors' bullishness over the US president-elect's plans. Surveys of more than 220 economists in the US, UK and Eurozone on the economic impact of Trump's return to the White House showed most respondents believed his protectionist shift would overshadow the benefits of other elements of what the president-elect has dubbed "Maganomics".
/jlne.ws/3ZZ72sT
Trudeau Leaves Canada In Suspense as Anxious Liberals Urge Him to Go; New poll shows Conservatives with massive lead over PM's party; 'Time is of the essence,' lawmaker says, pushing him to resign
Brian Platt - Bloomberg
The holiday period is over and Canadian politics is gripped by a single question: when will the country hear from Justin Trudeau? The prime minister has largely disappeared from public view since Dec. 16, when Chrystia Freeland - his finance minister and once his most powerful ally in cabinet - resigned in devastating fashion, with a public letter that criticized him.
/jlne.ws/3Pl5jt2
Putin orders Russian government and top bank to develop AI cooperation with China
Reuters
President Vladimir Putin has ordered Russia's government and the country's biggest bank, Sberbank, to build cooperation with China in artificial intelligence. Putin's instructions were published on the Kremlin's website on Wednesday, three weeks after he announced that Russia would team up with BRICS partners and other countries to develop AI.
/jlne.ws/40g1MCl
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| Regulation & Enforcement | | Stories about regulation and the law. | SEC Charges Humanigen's CEO and Chief Scientific Officer with Insider Trading
SEC
The Securities and Exchange Commission today announced insider trading charges against Cameron Durrant and Dale B. Chappell, the CEO and Chief Scientific Officer, respectively, of New Jersey-based biopharmaceutical company Humanigen, Inc. According to the SEC's complaint, between June and August 2021, Chappell and Durrant sold Humanigen stock while in possession of material nonpublic information that the U.S. Food and Drug Administration was unlikely to approve Emergency Use Authorization (EUA) for Humanigen's newly developed COVID-19 drug, lenzilumab. The SEC alleges that Chappell and three investment vehicles under his control sold more than 3.8 million shares of Humanigen for more than $68 million, including through Rule 10b5-1 trading plans, and Durrant sold more than 80,000 shares for more than $1.68 million. When Humanigen announced that the FDA had denied EUA for lenzilumab on September 9, 2021, Humanigen's stock price dropped by nearly 50 percent. The SEC alleges that, as a result of their insider trading, Chappell avoided losses of more than $38 million while Durrant avoided losses of more than $1 million.
/jlne.ws/3VZlos0
Eminent Macroeconomist Professor Atif Mian Appointed MAS Distinguished Term Professor at NUS
MAS
The National University of Singapore (NUS) and the Monetary Authority of Singapore (MAS) have jointly appointed Professor Atif Mian as the MAS Distinguished Term Professor in Economics and Finance from 2 to 17 January 2025. Professor Mian will be hosted by NUS Business School's Department of Real Estate and the Economic Policy Group of MAS during the term of the Professorship.
/jlne.ws/4fGkS9p
Keynote Speech by Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore, at the SGX Group 25th Anniversary Securities Market Open on 2 January 2025
MAS
/jlne.ws/3ZU5znE
SFC secures first conviction against a solicitor for breaching secrecy provision
SFC
A Hong Kong practicing solicitor, Mr Tse Yin Fung, was convicted today at the Eastern Magistrates' Courts for violating the secrecy provision under the Securities and Futures Ordinance (SFO) following a prosecution brought by the Securities and Futures Commission (SFC). Tse, the principal of the law firm, O Tse & Co., pleaded guilty to one count of contravention of the secrecy provision and was fined $25,000. He was also ordered to pay the SFC's investigation costs.
/jlne.ws/4a1pMwm
Withdrawal of recognition granted to Indian Commodity Exchange Ltd.
SEBI
In exercise of the powers conferred under sub-section (1) of section 5 of the Securities Contracts (Regulation) Act, 1956, the Securities and Exchange Board of India(SEBI), vide notificationdated December 26, 2024,has withdrawn the recognition granted to the Indian Commodity Exchange Limited (ICEX).
/jlne.ws/4fGEave
SEBI Investor website and Saarthi App offer free tools and resources for Investor Awareness and Education
SEBI
Securities and ExchangeBoard of India (SEBI), as part of its mandate to protect the interests of investors in the securities market, has provided a comprehensive suite of tools and resources on its official investor website to enhance investor awareness and education. These tools and resources aim to help both prospective and existing investors navigate their investment journey.
/jlne.ws/3PkZoUQ
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| Investing & Trading | | Today's top stories from equities, indices and FICC (fixed income, currencies and commodities) | Comex Gold Ends the Year 27.48% Higher at $2629.20
The Wall Street Journal
Comex Gold for January delivery gained $566.80 per troy ounce, or 27.48% to $2629.20 this year. Largest one year net gain on record; Largest one year percentage gain since year end 2010; Up for two consecutive years; Up $809.50 or 44.49% over the last two years; Largest two year percentage gain since year end 2020.
/jlne.ws/40hqYIV
Your financial plans for 2025 should start with an honest assessment; Facing financial truths and mending broken relationships should be part of your resolution-making this year.
Michelle Singletary - The Washington Post
I've always enjoyed the annual ritual of making New Year's resolutions. If you're not a fan, try looking at the exercise as I do. Every year, you have another chance to change. Perhaps you've heard a version of this quote often attributed to the inventor Thomas Edison: "I have not failed. I've just found 10,000 ways that won't work."
/jlne.ws/40fARqt
Gates-Backed KoBold Metals Raises $537 Million in Funding Round
Amanda Jordan - Bloomberg
KoBold Metals, a US company backed by Bill Gates, raised $537 million in equity funding to boost exploration of minerals critical to the energy transition. The funding round valued KoBold at $2.96 billion, the company said in a statement. It was led by new investor Durable Capital Partners LP and a pair of T. Rowe Price funds. Gates' Breakthrough Energy Ventures and the Andreessen Horowitz venture capital firm participated in the financing.
/jlne.ws/3W3GdCH
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| Environmental, Social and Corporate Governance | | Stories about environmental, social and governance investing | 2024 was China's hottest year on record: weather agency
Sam Davies and Jing Xuan Teng - Phys.org
Last year was China's warmest on record, its weather agency said, as the world experiences a surge in extreme weather fuelled by climate change. China is the leading emitter of the greenhouse gases scientists say are driving global warming, though Beijing has pledged that carbon dioxide emissions will peak by 2030 and be brought to net zero by 2060.
/jlne.ws/4gUHUKH
Green Electricity Costs a Bundle; The data make clear: The notion that solar and wind power save money is an environmentalist lie.
Bjorn Lomborg - The Wall Street Journal (opinion)
As nations use more and more supposedly cheap solar and wind power, a strange thing happens: Our power bills get more expensive. This exposes the environmentalist lie that renewables have already outmatched fossil fuels and that the "green transition" is irreversible even under a second Trump administration. The claim that green energy is cheaper relies on bogus math that measures the cost of electricity only when the sun is shining and the wind is blowing. Modern societies need around-the-clock power, requiring backup, often powered by fossil fuels. That means we're paying for two power systems: renewables and backup. Moreover, as fossil fuels are used less, those power sources need to earn their capital costs back in fewer hours, leading to even more expensive power.
/jlne.ws/40gssTF
Will Yellowstone National Park erupt? Scientists have new answers; New mapping of the magma lying beneath the iconic national park sheds light on where volcanic activity is shifting, and the likelihood of a full-scale eruption
Sarah Raza - The Washington Post
With its famous hot springs and gushing geysers, Yellowstone is one the most iconic national parks in the country and astonishes millions of visitors every year. Those awe-inspiring sights are thanks to the magma buried miles beneath the surface, part of one of the world's largest active volcanic systems. How exactly the magma is stored there - and therefore, how it would erupt - has been a mystery.
/jlne.ws/3Pj04tO
BP Starts Gas Output From Greater Tortue With Delivery Seen Soon; Key step for exports of the fuel from the long-delayed project; Senegal also started oil exports last year in boost to economy
Paul Burkhardt - Bloomberg
BP Plc's Greater Tortue Ahmeyim project started producing gas from offshore fields in Senegal and Mauritania, and both countries expect deliveries soon in a boost to economic growth.The $4.8 billion GTA project, developed by BP and Kosmos Energy Ltd., is estimated to produce about 2.3 million tons of liquefied natural gas a year in its first phase. The gas will flow from wells in deep water - depths of up to 2,850 meters - to a floating storage vessel where it will be processed.
/jlne.ws/4gCS1Eh
German solar sector in distress as consumer boom fizzles; Slowing demand growth triggers wave of bankruptcies in industry's most important European market
Laura Pitel - Financial Times
Germany's residential solar panel industry is facing "a lot of distress" after a downturn in consumer demand triggered a wave of bankruptcies and lay-offs in Europe's biggest and most important market for the sector. Many companies distributing and installing rooftop panels have gone bust, been taken over or forced to adopt changes in strategy. While the bust and resulting glut of panels have led to a sharp fall in prices for consumers, industry figures warn that they have hit sentiment among investors and are threatening to damage a sector that is crucial to meeting Europe's ambitious climate targets.
/jlne.ws/4a4yLNC
Gates-Backed KoBold Metals Raises $537 Million in Funding Round
Amanda Jordan - Bloomberg
KoBold Metals, a US company backed by Bill Gates, raised $537 million in equity funding to boost exploration of minerals critical to the energy transition. The funding round valued KoBold at $2.96 billion, the company said in a statement. It was led by new investor Durable Capital Partners LP and a pair of T. Rowe Price funds. Gates' Breakthrough Energy Ventures and the Andreessen Horowitz venture capital firm participated in the financing. KoBold uses artificial intelligence to find deposits of minerals such as copper, lithium and nickel - metals used in everything from electric car batteries to mobile phones.
/jlne.ws/4iXTqH4
Russia warns of severe environmental damage as oil from damaged tankers washes up on beaches
The Associated Press
Russian officials warned of severe environmental damage Wednesday as thousands of people came out to clean up tons of fuel oil that spilled out of two storm-stricken tankers more than two weeks ago in the Kerch Strait, near Moscow-occupied Crimea. More than 10,000 people, largely volunteers, raced to rescue wildlife and remove tons of sand saturated with mazut, a heavy, low-quality oil product, according to Russian news reports.
/jlne.ws/4iXf1iN
Brazilian Miner Boosts Rare Earths Output in Challenge to China's Grip;l Serra Verde mulls partnerships to expand through supply chain; Executive expects annual output to reach 5,000 tons in 2026
Mariana Durao - Bloomberg
/jlne.ws/49XHiBT
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| Banks, Brokers & Managed Funds | | The latest from banks, brokers, hedge funds and managed futures | Hedge fund Millennium gains 15% in 2024; Performance likely to be ahead of wider industry but lags S&P 500 index
Harriet Agnew - Financial Times
Izzy Englander's Millennium Management gained 15 per cent last year, beating the wider hedge fund industry but lagging a soaring US stock market. The firm, which manages $72.1bn across more than 320 investment teams, made 2.5 per cent last month, according to investors. Millennium looks to have outpaced the performance of the wider $4.5tn hedge fund industry last year. Hedge funds on average gained 2.4 per cent in November and are up 10.2 per cent in the first 11 months of 2024, according to Hedge Fund Research. The data provider has not yet published figures for December.
/jlne.ws/3ZZ66EL
ETFs could face obstacles in 2025 after bumper year
Suzanne McGee - Reuters
U.S. exchange-traded funds could face more obstacles to their runaway growth in 2025 after a bumper year saw the products take in a record $1.1 trillion in inflows in 2024. The inflows were the most in the product's 35-year history and came close to doubling last year's figure of $597 billion.
/jlne.ws/4gWdeZy
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| Work & Management | | Stories impacting work and more about management ideas, practices and trends. | Coffee Badging Is The New Workplace Trend Where Employees Go In To Grab A Coffee, Say Hi, and Avoid A Full Day At The Office
Adrian Volenik - Benzinga
A relatively new buzzword is making the rounds in workplaces: coffee badging. This trend is reshaping how people engage with office culture and if you're a hybrid worker, you might be part of this movement without even realizing it. So, what exactly is coffee badging? It occurs when employees visit the office just long enough to prove their presence. After saying hello to some coworkers, getting a coffee and swiping their badge, they return home to finish work. Coffee badging gives workers the freedom to work remotely while adhering to the rules.
/jlne.ws/4gURUDG
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| Wellness Exchange | | An Exchange of Health and Wellness Information | Eight ways to stay happier this year, according to science
BBC Future team
Why not try these science-backed tips to get more happiness in your life? Some people are born to be happier than others. But whether you're the kind of person who sings in the shower and dances in the rain, or of a more dour inclination, contentment isn't just something that happens to us. We can all change our habits to coax more of it into our lives. So, here are our top tips for a happier 2025.
/jlne.ws/3Pk0XT2
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| Regions | | Stories of local interest from the Americas, EMEA and Asia-Pacific regions | Indian Banks Said to Ask RBI to Ease Cash Crunch With FX Swaps
Bhaskar Dutta - Bloomberg
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Some big lenders in India have asked the central bank to inject liquidity using foreign-exchange swaps as short-term currency financing costs surged to a four-year high, according to people familiar with the matter.
/jlne.ws/3W4fVQO
China pulls in 21% surge in sovereign investments, led by Middle East funds
South China Morning Post
China has risen to greater prominence in sovereign investors' portfolios, with inflows surging 21 per cent year on year in 2024, according to a tracker of nearly 750 state-owned investors globally. The world's second-largest economy attracted US$10.3 billion in investments from funds managed by central banks, sovereign wealth funds and public pension funds, up from US$8.5 billion in 2023, according to Global SWF. The growth came amid warming ties between China and the Middle East, as well as increased diversification goals among investors.
/jlne.ws/3PhOZcq
Amber cold weather health alerts issued ahead of snow
Tom McArthur and Alex Boyd - BBC News
Parts of northern England and Scotland have already seen snowfall this week. Temperatures have dropped as colder arctic air spreads across the UK, with amber cold weather health alerts in place ahead of a weekend of snow forecast for much of the country. Met Office yellow warnings for snow and ice have been issued for much of England and Wales and parts of Scotland over the course of three days, with cold conditions forecast to continue into Monday.
/jlne.ws/3DEwEDW
Turkey Floats Limit on Bank CEO Tenures After Ponzi Scandal
Isobel Finkel and Kerim Karakaya - Bloomberg
Turkey's banking regulator has drawn up a plan to restrict the tenures of banking executives, a proposal that comes after high-profile accusations of a ponzi scheme at a bank with one of the nation's longest-serving chief executive officers. According to the proposal, CEOs would be permitted to serve in that position at the same bank for at most 10 years, according to a draft of the regulation seen by Bloomberg. Deputy general managers would also be allowed up to 10 years, but that could be extended for as much as 5 years with approval from regulators. The number of deputy general managers won't exceed 15 per lender, according to the draft.
/jlne.ws/3VYP5tl
Nigeria to expand credit access to citizens
Isaac Anyaogu - Reuters
Nigeria will establish a national credit guarantee company in May to lend to businesses and individuals, President Bola Tinubu said in an speech on Wednesday.
Tinubu, who took office in May 2023, campaigned on economic reforms including expanding credit access to boost economic growth. "To achieve this, the federal government will establish the National Credit Guarantee Company to expand risk-sharing instruments for financial institutions and enterprises.
/jlne.ws/3PoJ3hG
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| Auditions | | Explore a space for creative trading stories where you can find and share unique works like screenplays, television scripts, poetry, and more, all inspired by the world of finance and trading. |
MIKE HARRIS
I'd like to think I'm tougher than you.
LENA CALDWELL
Is that what you think? I don't think you know me well enough to judge how tough I am. I'd tread carefully if I were you.
She stares at him menacingly.
MIKE HARRIS
Oh, I'll be careful. So, what do you do on the floor?
LENA CALDWELL
I'm a wire clerk. I take orders from upstairs traders and relay them to floor brokers in the pit.
LENA CALDWELL (CONT'D)
I'm sure you wouldn't be able to take half the heat I take everyday. What's it to you anyway? You're a nosy one aren't you?
See today's complete entry of Auditions HERE and the complete script to date [[https://johnlothiannews.com/the-front-runner/|HERE.
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| Miscellaneous | | Stories that don't quite fit under the other sections | Heavy lake-effect snow will bury parts of the Northeast this weekend; These areas can expect feet of snow through the weekend.
Ben Noll - The Washington Post
The latest significant lake-effect snow event will bury areas to the east of Lakes Ontario and Erie from late Wednesday through the weekend. In some spots, feet of snow are possible, with hazardous road conditions and concerns for travelers. With lake-effect snow warnings in place, accumulation of over 2 feet is possible in the most persistent bands near and south of New York's Tug Hill Plateau. However, compared to lake-effect snow events during December, the bands near Lake Ontario will be located farther south, this time targeting places such as Syracuse and Rome, New York, especially over the weekend. The impacts for more northerly locations, such as Watertown, New York, won't be as notable compared to recent events.
/jlne.ws/4j2vVwo
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Disclaimer: All John Lothian Newsletters, JohnLothianNews.com, MarketsWiki.com and MarketsReformWiki.com are products of John Lothian News, a division of John J. Lothian & Company, Inc. The opinions expressed in all John J. Lothian & Company, Inc. publications are strictly those of their respective editors. They are intended solely for informative purposes and are not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade in any commodities or securities herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Security futures are not suitable for all customers. Futures and options trading involve risk. Past results are no indication of future performance. Nothing on any John J. Lothian & Company site should be considered an endorsement by any sponsor of any website or newsletter content.
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