Economy & Finance

“It’s Really Illiquid”: Goldman COO Warns Retail About Private Credit And The “Perception Of Liquidity” Speaking at Semafor’s World Economy event in Washington, D.C., President and COO of Goldman Sachs John Waldron warned that some managers have oversold how easy it is to get money out—especially to retail investors, who’ve helped balloon the market into […]

Trump Signs Pipeline Permits To Boost US–Canada Oil Flow Authored by Kimberley Hayek via The Epoch Times, President Donald Trump issued several pipeline permits on April 15, including one for the construction of a new pipeline to facilitate the transportation of crude oil and petroleum products between the United States and Canada, according to documents

Can You Price In No Longer Pricing Things In? By Michael Every of Rabobank At this point it isn’t a random walk but a determined march: markets have decided the Iran war and the Hormuz blockades are over, and everything is going to be better than normal imminently: the Nasdaq and S&P are at all-time

Defiant Iran Reasserts Toll System, Paid Through Iranian Banks After US Vows Hormuz Blockade Stays “As Long As It Takes” Summary Iran seeks to boost rial through toll payment scheme; vessels pay Hormuz passage through Iranian banks. US Navy: vessels seeking entry into Hormuz Strait now fair game for boarding, search, and outright seizure –

Former Virginia Lt. Gov. Justin Fairfax And Wife Found Dead In Apparent Murder-Suicide Justin Fairfax, the former lieutenant governor of Virginia, and his wife, Cerina Fairfax, a dentist, were found dead in an apparent murder-suicide at their home shortly after midnight on Thursday, according to Fairfax County police. Justin Fairfax in 2019. He served as

DOJ Petitions Court To Toss Convictions Of Unpardoned Jan. 6 Defendants Authored by Janice Hisle via The Epoch Times, The Justice Department is petitioning an appeals court to throw out the convictions of unpardoned defendants who were charged in connection with the U.S. Capitol breach on Jan. 6, 2021. “The United States has determined …

US Industrial Production Unexpectedly Drops In March (After Huge Upward Revision For Feb) At first glance the 0.5% MoM decline in US Industrial production (considerably worse than than the 0.1% MoM rise expected – and dragging YoY growth in IP down to +0.74%) is bad news… suggesting immediate impacts from the war are being felt

Sotomayor Apologizes After Criticizing Kavanaugh Over Immigration Case Authored by Tom Gantert via The Epoch Times, U.S. Supreme Court Associate Justice Sonia Sotomayor apologized in a statement for comments she recently made about Associate Justice Brett Kavanaugh. “At a recent appearance at the University of Kansas School of Law, I referred to a disagreement with

“The Roaring 2020s Are Back”: S&P Futures Hit New Record With Nasdaq Up 12 Straight Days On Iran Truce Optimism Stock futures are edging higher on continued optimism about an extended truce in the Middle East, while Taiwan Semi’s solid results have sparked another leg higher in AI trade. As of 8:15 am ET, S&P

Despite ‘Survey’ Sadness, Jobless Claims Slide Near Historic Lows The number of Americans filing for jobless benefits for the first time fell to just 207k (below the 213k expected and down from the prior 209.25k) – back near its lowest levels in 5 years (and trend towards its lowest level in 50 years)… Source: Bloomberg