U.S. government bonds are considered a "risk-free" asset in finance. That's because the United States has a constitutional requirement to make the payments on its debt—even as it's accumulated over $23 trillion.
 | |  Good morning. U.S. government bonds are considered a "risk-free" asset in finance. That's because the United States has a constitutional requirement to make the payments on its debt—even as it's accumulated over $23 trillion. Other countries have a lower perception of safety, and as a result, their government bonds typically yield more to account for the higher risk of non-payment.
So it's a bit of a surprise to see that the market is now giving Greek bonds—yes, the same Greece that almost crashed the EU with its profligate spending just a few years back—a yield below the same yield on U.S. Treasuries. Yields on 10-year Greek bonds are now below 2 percent, the rate you can expect for the same timeframe from a U.S. bond. Traders seem to have forgotten the old quip circulating a few years ago: Beware Greeks bearing bonds. | | | | | |
| | |  | DOW 27,269.97 | -0.29% | | |  | S&P 3,019.56 | +0.47% | | | | NASDAQ 8,321.50 | +0.85% | | | | | *As of market close | | | • | Stocks mostly rallied on Wednesday, with the S&P 500 and Nasdaq hitting new all-time highs. | | | | • | Oil rose modestly on an inventory drop, before falling in afternoon trading, while gold and even cryptocurrencies traded flat as well. | | | |
| | | Oil Rallies, then Flops as Inventories See 10.9 Million Barrel Drop | | 
| | Oil inventories see another unexpectedly large decline. | | Crude oil inventories fell by 10.9 million barrels, per the latest economic data released Wednesday. This is the sixth week in a row to see drops in oil inventories.
Crude production dropped by 700,000 barrels in the past week, largely due to stoppages in the Gulf of Mexico related to tropical storm Barry. Rig counts in the U.S. have dropped for both onshore and offshore oil in recent months as well.
» FULL STORY | | | | |
| | Facebook Rallies Despite Record $5 Billion Fine From FTC | |  | | Privacy oversight concerns lead to largest fine for a tech company. | | At $5 billion, the fine is the largest ever imposed by the FTC against a tech company.
The fines stem from a probe that started in March 2018 following reports that Facebook allowed political consulting firm Cambridge Analytica to improperly access the data of 87 million users.
» FULL STORY | | | | |
| | Insider Activity: Bank of Commerce Holdings (BOCH) | |  | | Director adds to stake of regional bank. | | On Tuesday, director Karl Silberstein picked up 4,000 shares of Bank of Commerce Holdings (BOCH). The buy increases his stake to 30,295 shares, and came at a total cost of $42,400.
Over the past two years, insiders at Bank of Commerce Holdings have been buyers, with no sales. Insiders own nearly 6 percent of outstanding shares.
» FULL STORY | | | | |
| | | | Unusual Options Activity: Snapchat (SNAP) |  | | Big bet on decline following earnings surge. | | Shares of Snapchat (SNAP) may have rallied on Wednesday following their strong quarter, but most traders were betting the rally in shares would be short-lived.
On Wednesday, a number of put options on the company saw an explosion in volume, suggesting shares would come down in the coming days—possibly as soon as Friday. The most interesting of these options? The August 16th $17 puts.
» FULL STORY | | | | |
| | • | As U.S. and China trade war fears continue, export-heavy Europe feels the pain too. | | | | • | Emeryville, California, with a $16.30 minimum wage, faces the collapse of its restaurant industry. | | | | • | Retailer Forever 21 apologizes after sending diet bars out to all its online customers, as some saw the free sample product as body-shaming. | | | | • | After little buyer interest, Kraft-Heinz is scaling back plans to sell off several brands to pay down debts. | | | | • | And after trying to sell its payments business, Tenet is simply spinning off the division instead. | | | | • | In tech, Netflix launches a mobile-only monthly plan in India. | | | | • | Google launches Gallery Go, an offline photo editor. | | | | • | In earnings, AT&T rallies as wireless business grows, but TV subscribers decline. | | | | • | After reporting its biggest quarterly loss ever, Boeing says it may halt all MAX production. | | | | • | Caterpillar reports a bigger-than-expected loss, and management guides towards the low end for 2019. | | |
| | | | TOP | | | EW | 9.936% | | | | GWW | 9.072% | | | | DFS | 8.902% | | | | UPD | 8.663% | | | | TXN | 7.437% | | | | BOTTOM | | | ROL | 10.459% | | | | MKTX | 9.124% | | | | APH | 6.08% | | | | NSC | 5.939% | | | | FLIR | 4.863% | | | | |
| | Top Rated Technology Stocks |  | | | |
| | |  | | If you look at Amazon, although there are certain benefits to it, it destroyed the retail industry across the United States, so there's no question they've limited competition. | - Treasury Secretary Steven Mnuchin on the DOJ's announcement to investigate big-tech on antitrust grounds  | |
| | "Stock Market Tsunami" to hit in a matter of days. | | | Nervous about where the stock market is headed next? You're not alone. This market has everyone on edge.
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