Trump Considering Strikes on Iran to Reignite Protests

"Bin There, Done That?" Not Quite By Elwin de Groot, head of macro strategy at Rabobank Markets may be suffering from a growing sense of "bin there, done that" fatigue when it comes to geopolitical shocks, but central banks are in no position to throw recent developments into the bin just yet. Take Hormuz. Both sides now claim to firmly control the Strait, President Trump appears to favour squeezing Iran economically (or, in Bessent’s words, “economic isolation like the world has never seen before”) rather than militarily (whilst Iran’s thinking may be...

Flock Blinks: Surveillance Giant Slashes Data Retention After 50 Jurisdictions Walk, Cams Destroyed Flock Safety, the startup that blanketed America in automated license plate readers (ALPRs), announced Thursday that it is dialing back its expansive platform. The company is significantly shortening its data retention windows, requiring police to justify every search, and allowing cities to block neighboring jurisdictions from querying their cameras for immigration enforcement. Not even (paid?) damage control by Bari Weiss' The Free Press could salvage the situation.  Today I found out that the person behind this pro-Flock propaganda piece...

Jet-Fuel Price Shock Hits Airlines As Raymond James Cuts Estimate Across Coverage, Warns Of JetBlue Bankruptcy Risk As we've told readers, and as former Goldman commodities guru Jeff Currie explained last week, the energy crisis is not necessarily in Brent or WTI supplies, but in refined-product markets, given the diesel crack spread's jump above $100 a barrel last week. Early Monday, the spread was trading around $94. The secondary effects of a global refined-products crisis are beginning to hit airline earnings, according to Raymond James analyst Savanthi Syth, who wrote in...