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An independent oil exploration company has made what could be one of the biggest discoveries in the history of Alaska.
Caelus Energy says the site could provide up to 200,000 barrels of “light, highly mobile oil” a day. In total the site is expected to hold 6 billion to 10 billion barrels of oil, of which about 2.4 billion are recoverable.
In hedge fund news, bond legend Jeff Gundlach thinks a ‘pivot’ is coming to economic policy and everyone is looking the wrong way. Point72’s chief market intelligence officer — the man Steve Cohen hired to oversee big data — sat down with Business Insider’s Rachael Levy to talk quant investing.
Here are the top Wall Street headlines at midday
One of the riskiest parts of the stock market hasn’t been this bad since the financial crisis — It’s tough out there for companies going public.
Here’s the presentation a hedge fund billionaire is using to sway the Samsung family dynasty — Paul Singer, the billionaire founder of Elliott Management, is ramping up his feud with the most powerful family in South Korea, the Lees.
Only 3 countries have been building up their gold reserves this year — Central banks are among the largest buyers of gold, but they have retreated from the market in 2016.
The world now has $152 trillion in debt — the highest amount ever — The world has never been more in debt.
Only 22% of everyday investors know the most basic principle of bonds — Americans often don’t know one of the most basic facts about their own investments.
Republicans are crushing Bill Clinton for calling Obamacare ‘the craziest thing in the world’ — Republicans are slamming President Obama and his flagship Affordable Care Act by highlighting the words of another former Democratic president who happens to be the spouse of the current Democratic nominee.
Wells Fargo’s scandal reportedly impacted 10,000 small business accounts — Wells Fargo’s recent accounts scandal was not limited to its retail banking unit, according to a report from Reuters.
Here’s JPMorgan’s comprehensive guide to markets heading into the final quarter of the year — The final quarter of 2016 is set up to be one of the year’s most exciting.
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