Economy & Finance

WTI Rises After Big Inventory Drawdowns Across Energy Complex, Huge SPR Drop, Record Exports Oil largely held onto a sharp drop from this week’s highs as the US and Iran seek further talks to end a war that has brought the vital Strait of Hormuz waterway to a near-halt. President Trump told a Fox Business […]

Good Riddance, Pattern Day Trade Rule  Submitted by QTR’s Fringe Finance The Pattern Day Trader rule was one of those regulations that managed to sound official, responsible, and protective while being, in practice, deeply confusing and almost comically out of touch with how people actually learn to trade. And now, it looks like it’s finally

Bank of America Jumps On Record Equity Trading Revenue, Net Interest Income Forecast Increase, Offset By FICC Miss Following stellar equity trading results from Goldman and JPMorgan, this morning Bank of America reported that its traders also pulled in the business’s highest quarterly revenue in more than a decade, riding a wave of volatility that pushed

US Prosecutors Make Surprise Visit To Fed HQ Renovation Project Federal prosecutors on Tuesday made a surprise visit to the Federal Reserve headquarters building that’s undergoing a $2.5 billion renovation, as they continue to investigate whether Fed Chair Jerome Powell lied to Congress about the cost and scope of the project. Construction workers told the prosecutors

Shoe Brand Allbirds Pivots To AI, Changes Name To NewBird AI, Stock Rips More Than 360% Just when you thought you’d seen the last of the AI pivot idiocy… Allbirds (yes, the wool sneaker people) is mooning—up as much as 360%—after announcing it’s ditching shoes and pivoting to, of course, AI. This comes just weeks

Is The Iran War Good For The Petrodollar? Diana Choyleva wrote an excellent editorial for the Wall Street Journal entitled “The Iran War Is A Boon For The Petrodollar.” She pushes back against claims that the Iran conflict is accelerating the death of the petrodollar. Instead, RealInvestmentAdvice.com points out that she argues the opposite: between

Futures Unchanged Just Shy Of All Time High On Peace Hopes, Solid Earnings US equity futures are flat following yesterday’s rally as market awaits news on the Iran war resolution and as we traverse earnings season. As of 8:15am ET, S&P 500 futures are little changed after the benchmark closed within a whisker of a

War ‘Very Close’ To Over, Trump Says, As Iran Ceasefire Extension Reportedly Advances, But More US Troops Deploy Summary The Iran war is “very close to over” with authorities in Tehran eager to agree a peace deal, Trump says, adding: “We’ve beaten them militarily.” AP/Bloomberg reporting the two sides have an “in principle agreement” to

Nvidia Unveils New AI Open Model, Sparking Rally In Quantum Stocks Nvidia unveiled the world’s first open-source AI models to accelerate the development of quantum computing. The news sent shares of several Asian software and cybersecurity firms soaring and sparked a rally in U.S.-listed quantum stocks in premarket trading. Nvidia’s Ising open-model family is designed