Bloomberg:
- OPEC and Russia Outline Vision for Permanent Oil Alliance. OPEC and Russia added more detail to their vision for a permanent alliance between oil producers currently working to clear a global surplus. When the 24-nation coalition agreed last week to persevere with output cuts until March, officials from the Organization of Petroleum Exporting Countries and Russia spoke of continuing to co-operate beyond that point. OPEC Secretary-General Mohammad Barkindo and Russian Energy Minister Alexander Novak said in Moscow on Wednesday they’re considering how to formalize the partnership.
- Your Evening Briefing.
Wall Street Journal:
- Though Outnumbered, Female CEOs Earn More Than Male Chiefs. Female chiefs are outearning their male counterparts at S&P 500 companies, but women still make up only 5% of CEOs running those firms.
- Top to Bottom: Pay for 500 CEOs. The chiefs of the biggest U.S. companies made anywhere from $100 million to just $1. Once again, pay didn't always match performance.
- At Least 80 Killed in Blast Near Embassies in Afghan Capital. Explosion strikes near U.S. military headquarters in Kabul’s Green Zone.
CNBC:
- Why the red-hot semiconductor stocks could rally on. (video)
- Netflix(NFLX) is spending $6 billion on content this year and 'a lot more' in future, CEO says.
- 2 tech stocks could reach $1 trillion, and Apple(AAPL) isn't one of them, analyst says. (video)
- Here are the most interesting factoids from Mary Meeker's annual state of the internet presentation.
Zero Hedge:
- Trump Rages At "Sick" Kathy Griffin.
- Stocks Rebound As Chicago PMI Changes Its Mind, "Corrects" Earlier Dismal Data To Highest Since 2014. (graph)
- Mauldin Warns The Next Recession May Be A Complete Reset Of All Asset Valuations.
- WTI Crude Tumbles To $47 Handle As OPEC-Compliance Drops. (graph)
- "Painstakingly Detailed" EU Brexit Document Demands UK Payment For Everything.
- Pending Home Sales Crash Most In 3 Years, Hit By "Double Whammy" Of Price, Inventory. (graph)
- Banks Tumble After BofA, JPM Warn Revenue Will Be Down As Much As 15%.
- Fitch Warns Baidu(BIDU) Faces "Default Risk" Due To Growing Shadow Banking Business.
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