MONDAY 5/18/15; Japan Machinery Orders; China Home Prices; SPX and INDU New All-Time Record Highs; URBN

Luxury goods maker Kering files another lawsuit against BABA alleging the sale of counterfeit goods on the Alibaba website. Kering owns famous brand such as Gucci and Yves Saint Laurent. In Australia, South32, the spinoff from BHP Billiton and























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 Sunni versus Shiite which will likely destabilize the Middle East and northern and western Africa for decades. The Iraqi soldiers are incapable of fighting the ISIS Islamist radicals so the situation is expected to deteriorate in Iraq and Syria. To this day, the president refuses to refer to ISIS as “Islamist” radicals.

The St Louis Fed site was compromised by computer hackers one month ago. The breach allows cyber criminals to create web pages that look exactly like the official Federal Reserve site. Users of the Fed data are exposed to computer attacks as they enter password and other information into the phony sites. The Fed urges users to change passwords and exercise caution when seeking economic information from the St Louis site.