Supreme Court Strikes Down Trump Tariffs - But He Has 'Backup Plan'

Private Credit Bank Run Begins: Blue Owl Gates After Shocking 41% Of OTIC Investors Ask For Their Money A week ago, in an attempt to calm the market, Goldman's economists published a lengthy, if at times disjointed, report discussing why a crisis in private credit would not lead to another financial crisis. We are about to find out if they were right.  Recall that in mid-March, while attention was understandably focused on the Iran war, we explained why Blue Owl's February decision to commence liquidations of loans in its three core private...

Jeff Currie Warns Odds Of $5 Gas By Midterms Are "Extremely High" Summary:  Jeff Currie Goes On Fin TV Roadshow  Jeff Currie Featured on BBG TV Veteran commodities strategist Jeff Currie has spent the summer warning that scarcity in physical commodity markets is becoming a persistent source of inflationary pressure and giving way to a commodities supercycle. After appearing on CNBC on Thursday, he joined Bloomberg Television on Friday morning to amp up that message, warning that tightening crude products supplies make $5-a-gallon US gasoline highly likely by November. "Crude is the signal, and now...

Watch Live: Kevin Warsh Faces Democratic Fire In Contentious Senate Confirmation Hearing For Fed Chair President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, is scheduled to appear before the Senate Banking Committee today at 10:00 a.m. ET for his confirmation hearing - his first public test in the high-stakes process to become the next chair of the central bank. The hearing, set to take place in the Dirksen Senate Office Building Room 538 in a hybrid open session, comes less than a month before current Chair Jerome Powell’s term...