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Hamlin starts 1st, Busch takes lead at Consumers Energy 400

“Soon after a restart, William Byron’s No. 24 Chevrolet got loose and made side-by-side contact with Martin Truex Jr. to bring out another caution flag” reports yahoo.com. Points leader Kyle Busch moved to the front on Sunday after two caution flags slowed the first stage of the race.Erik Jones started fourth, but his No. 20 Toyota spun out after coming out of Turn 4 to bring out a caution flag with fewer than 10 laps completed. Source: yahoo.com Share This:

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AI Weekly: For self-driving cars, the path to public acceptance is transparency and an abundance of caution

“Nevertheless, the tragedy shone a light on the technological hurdles that autonomous car makers have yet to overcome” writes Kyle Wiggers for venturebeat.com. At Google Cloud Next 2018, Google took the wraps off new G Suite features including Google Voice for enterprise, enhanced Cloud Search, a redesigned Gmail experience, and more.This week, Uber announced it will redeploy its self-driving cars on city streets — albeit with their autonomous systems disabled. Source: venturebeat.com Share This:

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Futures Markets News Oil 

Investors see big oil surge, but physical markets suggest caution

“Spot crude prices are at their steepest discounts to futures prices in years due to weak demand from refiners in China and a backlog of cargoes in Europe” writes Midwest Communications Inc for 95kqds.com. In the weeks before Trump’s decision, hedge funds and others piled a record number of bets into bullish crude oil options.”Once you get past that, all of a sudden (you’re) looking at 3 million barrels per day of fresh crude consumption.”. But physical markets for oil shipments tell a different story. Source: 95kqds.com Share This:

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Senators offer praise, caution after North Korea releases prisoners

“North Korea unveiled intercontinental ballistic missiles capable of reaching the mainland of the United States and detonated a nuclear bomb” reports washingtonexaminer.com. While long overdue, today’s news is a positive step ahead of the forthcoming talks between the United States and North Korea.” The North Korea nuclear crisis dominated Trump’s first year in office. Source: washingtonexaminer.com Share This:

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SEC official urges caution on ICOs

“Digital currency is here to stay,” said Barry Silbert, CEO of Digital Currency Group” writes Scott Cohn for cnbc.com. A top enforcement official with the Securities and Exchange Commission says many so-called “initial coin offerings” launching new cryptocurrencies are, in fact, securities offerings in disguise.Roughly $9.8 billion has been raised through ICOs since 2016, according to financial research firm Autonomous Next.Szczepanik said the SEC is trying to strike a balance between protecting investors and facilitating the emerging technology.”People are going to lose a lot of money (on ICOs),” he said. Source:…

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USD/CAD jumps on the BOC wording about caution despite being hawkish otherwise

“The Bank of Canada left the interest rate unchanged at 1.25% as widely expected and expressed a mix of caution despite optimism” writes Yohay’s Google Profile for forexcrunch.com. USD/CAD jumped on the caution phrase and topped 1.26.They are pleased with wage and inflation growth and also see the economy rebounding in Q2. Source: forexcrunch.com Share This:

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Despite incredibly threatening tweets, Trump’s caution over Syria may have averted World War III

“But despite what experts have unanimously classified to Business Insider as Russian bluster about counter-attacking the US if it strikes Syria, all-out war seems unlikely” writes Alex Lockie for businessinsider.com. Trump turned the world’s attention and an aircraft carrier towards Syria, but will the coming conflict be world-wide?. In Lebanon, Syria’s neighbor, Iran-backed Hezbollah also doubts a US-Russia clash or an escalation into all out war, according to its deputy leader. Source: businessinsider.com Share This:

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Futures News Regulators Stocks 

Stock futures drop as Fed caution, Facebook data leak weighs

“While the market has pulled back since, healthy economic data has done little to ease jitters of a fourth rate hike this year” reports businessinsider.com. Concerns about faster rate hikes were at the heart of the stock market’s sell off in early February, which saw the main U.S. indexes fall into correction territory. The tariff issues are likely to dominate a gathering of finance leaders at a two-day meeting of the Group of 20 finance ministers this week. Source: businessinsider.com Share This:

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News Regulators 

Powell’s Fed to show policy caution, shun political friction

“His reluctance to take unnecessary risks may convince him that any change could confuse the public, do little to improve policy, and draw unnecessary political fire” reports businessinsider.com. But a stronger economy does not necessarily mean the Fed is abandoning its balanced assessment of risks to growth and price stability.Even the dovish Fed Governor Lael Brainard noted recently that the economy’s “headwinds are shifting to tailwinds.”. But the Powell Fed is likely to take extreme care not to over-react to stronger economic data, according to a series of public statements…

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