Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.

Bessent Leads Trade Talks With China In Paris Ahead Of Trump-Xi Summit Ahead of the upcoming Trump-Xi summit, China and US have begun a fresh round of trade talks to set the stage for the main event.  Trade negotiators led by US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer and China’s Vice Premier He Lifeng held talks in Paris on Sunday to map out plans for a leaders’ summit later this month. The first day of the talks concluded around 6 pm local time, and the delegations will meet again on Monday, Bloomberg reported. The trade...

Why The Fertilizer Crisis May Spark Record Inflows Into Agri ETFs Goldman Now Anticipates Record Inflows For AGRI ETFs Second- and third-order effects from a three-week - and potentially longer - disruption at the Strait of Hormuz are extending well beyond energy markets. Even as some vessel transits resume through the narrow waterway, the shipping backlog continues to build across the Gulf region and could take weeks, if not longer, to clear. At the same time, Qatar's LNG export capacity may take years to fully recover after IRGC drone or missile strikes...

Washington is pursuing industrial policy again, this time being an attempt to form a minerals consortium with other countries to secure minerals vital to US manufacturing. No doubt, this initiative will end up on the ash heap of bad policy.