What Caused the Collapse of Silicon Valley Bank?

WTI Extends Gains As US Oil Product Exports Hit Record Highs, Huge SPR Release, Production Dips Oil prices are modestly higher this morning, erasing overnight losses on Trump's 'ceasefire extension' after Iran attacked three ships in the Strait of Hormuz. While headline roulette continues to drive oil prices incrementally, this morning's inventory/supply data from DOE will provide some color on how the API Crude -4.5mm Cushing +700k Gasoline -5.2mm Distillates -4.6mm DOE Crude +1.925mm Cushing +806k Gasoline -4.57mm - 10th weekly draw in a row Distillates -3.43mm - 4th weekly draw in a row Crude stocks unexpectedly saw a build last week...

U.S. Gov't Could End Up Owning 90% Of Spirit In Rescue Deal Summary: WSJ says the Trump administration's possible $500 million rescue deal could leave the U.S. government with 90% control. WSJ says Commerce Secretary Howard Lutnick is leading the effort in U.S.-Spirit talks. BBG reported earlier on a potential $500 million rescue loan for Spirit. News of a possible rescue loan for Spirit emerged last week. Polymarket:  US takes a stake in Spirit Airlines by May 31? Yes 36% · No 64%View full market & trade on Polymarket Spirit Airlines shutdown/liquidation by May 31? Yes...

Gunmen Attempt To Storm Israeli Consulate In Istanbul Terror Attack Israel's foreign ministry confirmed that on Tuesday there was a "terrorist attack on the Israeli Consulate in Istanbul" and has thanked Turkish security forces for stopping it before the attackers were able to make it into the building. "We appreciate the Turkish security forces' swift action in thwarting this attack," a statement from the ministry on X said. It added "Israeli missions around the world have been subjected to countless threats and terrorist attacks. Terror will not deter us." This after rapid...