Economy & Finance

Ayatollah Breaks Silence: Blames US For Instigating “Vandals & Saboteurs” As Cities Burn Iran’s supreme leader has just taken to X where he for the first time explicitly called out the United States for instigating ongoing unrest in the Islamic Republic, where raging economic protests have taken root in more that one hundred cities and towns […]

GM Cuts EV Exposure After Policy Shift, Takes $6B Charge Imagine all of the malinvestment that took place in autos, on EVs, thank to the government distorting markets and forcing EV adoption when genuine demand may not have been robust. Now, we’re seeing the consequences of returning to a freer market. General Motors will record

UMich Confidence Rebounds In January Off Record Lows As Tariff Fears Abate Having ended 2025 at the lowest Current Conditions Sentiment levels in, well, ever… expectations for preliminary January data were for a modest rebound… and it did (very modestly). The preliminary January sentiment index climbed to 54 from 52.9 in December, according to the

Happening Today: Trump Meeting With US Oil Execs From Exxon, Shell, Others, To Discuss Venezuela President Trump is convening top oil executives at the White House on Friday as part of a push to steer U.S. companies toward investing in Venezuela’s struggling oil industry, CBS reported today. Leaders from Chevron, Exxon, ConocoPhillips, Continental, Halliburton, HKN,

Supreme Court Skips Tariff Ruling Update (1004ET): The USSC did not rule on tariffs Monday, instead issuing a ruling on Bowe vs. United States – concerning whether federal prisoners can ask the Supreme Court to review their sentences. The case was sent back to a lower court. And so, we wait… *  *  * The US Supreme Court may rule today

Meta Signs Massive Nuclear Energy Deal Meta revealed this morning a slew of new agreements with key players in the nuclear power industry, in an urgent bid to provide clean energy for its rapidly expanding data center empire. The initial plan is to offtake over 2000 MW of power from nuclear power plants owned by

Ukraine Hit With Oreshnik Hypersonic As Retaliation For Attempted ‘Terror Attack’ On Putin Residence Russia launched another massive overnight strike on Ukraine using its hypersonic Oreshnik missile as part of a large-scale assault said to be retaliation for the alleged Ukrainian attempt to drone strike Putin’s residence last month. Kiev was hit hard in the

US Adds Only 50K Jobs In December, Missing Estimates, But Unemployment Rate Drops To 4.4% Ahead of today’s jobs report, expectations were that the NFP number would show another rebound from the terrible Sept/Oct prints, but remain muted (or else spark fears about reheating and an end to the Fed’s easing cycle). Well, that’s precisely

US Seizes Another Oil Tanker In Caribbean As ‘Donroe Doctrine’ Steams Ahead The foreign policy move to dismantle the so-called “dark fleet” of crude oil tankers moving Venezuela’s oil around the world, through President Trump’s gunboat diplomacy to secure the Western Hemisphere, was once again on full display on Friday morning. The Wall Street Journal

Futures Muted Ahead Of Two Key Events Stock futures are muted, with traders awaiting two major catalysts: A possible Supreme Court ruling on whether Trump’s tariffs are legal and December payrolls — a key datapoint for the trajectory of interest rates. As of 8:00amm, S&P 500 futures are up 0.1%, with Nasdaq 100 contracts +0.2% with Mag