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uncledad

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Member since: Tue May 13, 2014, 05:50 PM
Number of posts: 5,735

Journal Archives

DOW 28015 for Friday 12-6-19

Previous close 27667. 52 wk high 28174. 52 wk low 21712. Today's low 27839. High 28035.

Last Friday's close 11-29-19 ... 28051

NASDAQ : 8656 ▲

S&P : 3145 ▲

Soybeans : 8.89 ▲

Oil WTI : 59.02 ▲

Market doing well. Stay safe. Enjoy your weekend everybody.

Alleged Russian Hacker Behind $100 Million Evil Corp Indicted

For the last decade, the hackers behind Evil Corp have led a sustained assault on the bank accounts of thousands of victims across dozens of countries. By steadily evolving malware known as Bugat, they indiscriminately siphoned tens of millions of dollars from unwitting victims. Thursday, the FBI indicted Evil Corp’s alleged leader: Maksim V. Yakubets, also known as “aqua.”

“The Dridex malware conspiracy was a constantly evolving and adapting criminal enterprise that had a level of sophistication and scope of threat that we rarely see,” US attorney Scott Brady said at Thursday’s press conference. Over the years, Brady said, Evil Corp has switched from a centralized command-and-control center to peer-to-peer botnets to make their activities harder to trace, used more sophisticated so-called web injects to trick users into entering sensitive information, and ditched international wire transfers for the relative anonymity of ransomware tied to cryptocurrency payments.

https://www.wired.com/story/alleged-russian-hacker-evil-corp-indicted/

The FBI also first asked for that assistance in 2010. But in a separate announcement Thursday of sanctions against Evil Corp and its enablers, spanning 17 individuals and seven entities in all, the US Treasury Department alleged that Yakubets later signed on with Russia’s FSB intelligence agency. “In addition to his leadership role within Evil Corp, Yakubets has also provided direct assistance to the Russian government,” the agency’s statement reads. “As of 2017, Yakubets was working for the Russian FSB, one of Russia’s leading intelligence organizations.”

And then there’s the matter of the $5 million. Offering a reward for leads like this has some precedent; there’s a $3 million bounty still extant for information relating to alleged Zeus mastermind Evgeniy Bogachev.

DOW 27667

Previous close 27649. 52 wk high 28174. 52 wk low 21712. Today's low 27562. High 27745.

NASDAQ : 8570 ▲

S&P : 3117 ▲

Soybeans : 8.85 ▲

Oil WTI : 58.34 ▼

DOW 27649

Previous close 27503. 52 wk high 28174. 52 wk low 21712. Today's low 27612. High 27727.

NASDAQ : 8566 ▲

S&P : 3112 ▲

Soybeans : 8.78 ▲

Oil WTI : 58.33 ▲

DOW 27503

Previous close 27783. 52 wk high 28174. 52 wk low 21712. Today's low 27325. High 27524.

NASDAQ : 8520 ▼

S&P : 3093 ▼

Soybeans : 8.73 ▲

Oil WTI : 56.31 ▲

DOW 27783

Previous close 28051. 52 wk high 28174. 52 wk low 21712. Today's low 27782. High 28109.

NASDAQ : 8567 ▼

S&P : 3113 ▼

Soybeans : 8.73 ▼

Oil WTI : 55.99 ▲

DOW 28051 for Friday 11-29-19

Previous close 28185. 52 wk high 28174. 52 wk low 21712. Today's low 28042. High 28119.

Last Friday close 27875.

NASDAQ : 8665 ▼

S&P : 3140 ▼

Soybeans : 8.77 ▼

Oil WTI : 55.17 ▼

Post turkey day profit taking.

The deeper state...

Editorials, Op-Ed and Letters / NYT

How to Fix the W.T.O.

Twenty years ago this weekend, 50,000 people converged on Seattle to protest the World Trade Organization, which was holding a ministerial-level meeting in the city, and a plan championed by the world’s largest corporations to increase the organization’s authority over even more facets of people’s lives.

The W.T.O. asserts expansive power to set binding rules over a wide range of non-trade issues; countries are required to “ensure the conformity of its laws, regulations and administrative procedures” with W.T.O. rules — and, in turn, corporate financial interests. This includes limits on energy policy, financial regulation and food and product safety, as well as new monopoly protections for pharmaceutical firms to charge consumers more.

After a series of W.T.O. decisions in which tribunals cooked up new standards — never agreed to by member nations — related to anti-dumping and subsidy issues, the Obama administration initiated a protest. Last year, the Trump administration doubled down, blocking the appointment of new appellate adjudicators.

https://nyti.ms/2OT17kx

No doubt some American workers are bitterly angry and moved by Donald Trump’s trade rhetoric after having repeatedly been promised great gains from “trade” agreements. During the W.T.O. era, developed countries have lost millions of high-paying manufacturing jobs, especially after China joined in 2001. Income inequality between rich and poor countries, and within countries, has increased greatly.

Of course, the W.T.O. isn’t dead yet; the question is, will it see the looming crisis and undertake the reforms necessary to save itself? Unlikely: Its current priority is to set new limits on regulations regarding e-commerce and data privacy at a time when most people are clamoring for some check on the industry.

DOW 28165

Previous close 28121. 52 wk high 28174. 52 wk low 21712. Today's low 28075. High 28174.

NASDAQ : 8705 ▲

S&P : 3153 ▲

Soybeans : 8.82 ▼

Oil WTI : 58.12 ▼

New highs.

DOW 28121

Previous close 28065. 52 wk high 28146. (NEW HIGH) 52 wk low 21712. Today's low 28042.

NASDAQ : 8647 ▲

S&P : 3140 ▲

Soybeans : 8.85 ▼

Oil WTI : 58.36 ▲

More new highs.
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