The Traderszone Network

Image source: Santander Consumer USA Holdings.

Shares of Santander Consumer USA Holdings Inc. (NYSE: SC) are on the move, up about 10% as of 1 p.m. EDT on Friday, after the company announced it would restate financial reports for the last three years.

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Image source: Costco.

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Saudi and Iranian officials clash over production limits, with neither side expecting a deal next week to limit OPEC oil output.
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Rising prices embolden creditors and shareholders to challenge drillers’ restructuring plans, putting a bankruptcy exit at risk.

Target 104/104.45 If 100 Holds, Target 95/94.80 If 100 Breaks – SocGen
From the technical analysis team at Societe General:
In June, USD/JPY tested a multi-year descending trend and graphical levels at 100, which is also the 50% retracement of the 2011-2015 up move. Last month, it formed a hammer, stressing 100 as an important level.

Among the very rich, Tesla may be losing ground versus other premium car makers.
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Helicopter money requires central banks to make choices they cannot make while undermining their independence and inflation-targeting mandate. Attempts at explicit fiscal coordination may not be feasible and may create unresolvable…

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