US NatGas Futs Sink To Four-Month Low As Mid-Atlantic Exits Brutal Winter

Will Today's British 'Midterms' Spark 'Starmageddon' For The Labour Party? All eyes on UK local elections (Britain's 'Midterms') today. As JPMorgan's Market Intel desk noted this morning, while the seats up do not influence national policy, Brits have historically used local and regional elections to punish the party in power in Westminster. Reform UK is expected to come out as the main beneficiary of the elections, with Labour the biggest loser. The key risk is that Labour’s poor performance causes MPs to push Starmer out in an attempt to improve the party’s standing ahead of...

New Iran Leadership More Extreme, Israeli Intelligence Concludes In what should not at all be a surprise to anyone who has been awake and observant over the past 20+ years of America's military interventions in the Middle East, the Israeli Army and intelligence officials have concluded that Iran's news leadership is more extreme than the previous one. The IDF delivered a closed-door intelligence briefing to the Knesset Foreign Affairs and Defense Committee on Thursday, which involved presenting this finding, according to The Times of Israel. via Majlis Iran's new leadership consists of members of...

Bank Lobby Fires Back At White House, Saying Stablecoin Study Ignores Community Bank Threat Authored by Micah Zimmerman via BitcoinMagazine.com, The American Bankers Association is warning that the White House’s latest stablecoin study is asking the wrong question and underestimating the threat to community banks. On April 8, the Council of Economic Advisers released a 21‑page paper modeling what happens if payment stablecoin issuers are barred from paying yield. The analysis, tied to the 2025 GENIUS Act’s prohibition on interest for payment stablecoins, finds that banning yield would raise bank lending by only about 2.1 billion...