Economy & Finance

The High Man In The Castle By Michael Every of Rabobank The world is again waiting to see what comes out of US-Iran peace talks in Pakistan as the two-week ceasefire deadline looms. Again, it’s a binary outcome: war, with threatened strikes on bridges and power plants in Iran, then perhaps regionally, and an extended […]

US Pending Home Sales Rebound Off Record Lows, Despite Rising Mortgage Rates After rising in February, US Pending Home Sales were expected to continue to improve in March (+0.5% MoM) but – despite apparently rising mortgage rates – sales rose 1.5% MoM (even with February revised up to +2.5% MoM). This dragged pending home sales

Watch Live: Kevin Warsh Faces Democratic Fire In Contentious Senate Confirmation Hearing For Fed Chair President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, is scheduled to appear before the Senate Banking Committee today at 10:00 a.m. ET for his confirmation hearing – his first public test in the high-stakes process to become the

Texas Electricity Demand Could Quadruple Due To Soaring Data Center Demand: ERCOT Peak demand in the Electric Reliability Council of Texas (ERCOT) territory could more than quadruple to 367,790 MW by 2032, driven primarily by data centers as well as other large load customers, the grid operator said in a preliminary forecast published Wednesday and

Trump Demands Iran ‘Release These Women’ As World Tensely Awaits 2nd Pakistan Talks, US Navy Boards Another Vessel Summary Neither side wants to appear ‘weak’ by flying to Pakistan first without the other side having already clearly committed. Trump warns: ‘Expect…bombs’ & urges Tehran “release women” said to be on death row. Iran has informed

Scammers Demand Crypto From Stranded Ships In Strait Of Hormuz: Report Authored by Amin Haqshanas via CoinTelegraph.com, Fraudulent actors posing as Iranian authorities have reportedly sent messages to shipping companies whose vessels remain stranded west of the Strait of Hormuz, demanding payment in cryptocurrency for safe passage. On Monday, maritime risk company Marisks issued a

DHL CEO Warns Prolonged Energy Shock Could Push Global Economy To “Tipping Point” DHL Group CEO Tobias Meyer warned Bloomberg TV earlier this morning that a persistent Gulf energy shock could morph into broader trouble for the global economy. “Well we have seen this before, that you have recognized by consumers as having an impact

Trump Invokes Defense Production Act To Sign Energy-Related Directives Authored by Aldgra Fredly via The Epoch Times, President Donald Trump on April 20 invoked the Defense Production Act to issue a series of memorandums focused on strengthening coal supply chains, ​natural gas transmission, and ​liquefied natural gas capacity. Trump also signed memos aimed at boosting

“We’re On Borrowed Time”: Vitol LNG Chief Warns Of Coming Food Price Shock Pablo Galante Escobar, the head of liquefied natural gas (LNG) at Vitol, warned the audience at the FT Commodities Summit earlier today that the “world is on borrowed time” and that the Gulf energy shock will develop into a food crisis unless

US Employment Additions Accelerate As Retail Sales Soar In March BofA’s (almost) omnipotent analysts forecasted a stronger than expected retail sales print this morning as tax refunds trump surging gas prices… BofA credit/debit card spending data suggests stronger retail sales than estimates (consensus 1.4% headline, 1.4% ex auto, 0.2% control group) despite surging gas prices,