Economy & Finance

Mexico Truckers Block Key Freight Routes In Nationwide Strike By Noi Mahoney of FreightWaves, A nationwide strike by Mexican truckers and farmers blocked major highways and freight corridors across Mexico on Monday, disrupting access to Mexico City, industrial zones and several U.S.-Mexico border crossings. The protest, organized by the National Association of Transporters (ANTAC) and […]

Kevin Plank’s Unsellable Thoroughbred Race Farm Sees Another Deep Price Cut Under Armour CEO Kevin Plank has once again cut the asking price on his massive thoroughbred racing farm in northern Baltimore County, Maryland, as the historic farm – once owned by the Vanderbilt family – continues to sit on the market amid a series

FOMC Minutes Signal Fed Saw “Dual Sided” Risks From Iran War Since the last FOMC meeting (March 18th), a lot has happened (war, more war, and now less war), and rate-change expectations hawkishly surged, then dovishly normalized today… And given the last 24 hours, perhaps this information is more useful now, as we return to

Trader Makes $23 Million In One Day With Massive S&P Call Purchase Hours Before Ceasefire A trader who made a large bet on a stocks rocketing in the coming weeks is up about $23 million in paper profit today, according to Bloomberg. The unknown trader spent $12 million premium on 6800 lots of 6950 S&P

The Apple AI Strategy: Discipline Over Hype Authored by Michael Lebowtiz via RealInvestmentAdvice.com, While tech giants invest billions in AI, Apple executives are quietly sitting on their hands and a mountain of cash. Given the massive growth in AI investments, as shown in the graphs below, executives of leading companies at the forefront of AI

Blue Owl Stock Slides After Moody’s Cuts Outlook To “Negative” On Surging Redemption Requests Blue Owl stocks is getting slammed this morning, erasing all early gains, after Moody’s Ratings cut its outlook on a $36-billion Blue Owl non-traded fund to “negative” from “stable” on Tuesday, citing redemption requests that were significantly higher than at peers in

10Y Auction Tails As Foreign Demand Dips After yesterday’s impressive 3Y auction, moments ago the Treasury sold $39 billion in benchmark, 10Y paper, in what was a mediocre auction. The auction, a 9-Year 10-Month reopening of cusip CPX8, stopped at a high yield of 4.282%, up from 4.217% last month and the highest since last

Eric Swalwell About To Be Hit With ‘Shocking’ Number Of Sexual Harassment Allegations; Report Authored by Debra Heine via American Greatness, A “shocking” number of former female employees and interns are preparing to come forward to accuse Rep. Eric Swalwell (|D-Calif.) of sexual misconduct, according to a Democrat activist. Cheyenne Hunt, a lawyer, former congressional

US, Israel Insist Iran Ceasefire Doesn’t Apply In Lebanon, Which Suffers Huge Airstrikes Israel has made clear that it doesn’t see the newly declared US-Iran ceasefire as applying to its war in Lebanon, where it is still trying to destroy Hezbollah. The White House too has made its stance clear that it doesn’t apply, but