Zelensky Fear Long US War with Iran Will Cut Arms Transfers to Ukraine

Iran sent a proposal to the US that would bring the war to an end and allow ships to transit the Strait of Hormuz. Iranian officials sent the new proposal to the US via Pakistan. Tehran’s deal includes the reopening of the Strait of Hormuz in exchange for Washington ending its blockade and war against […]

Yields Spike As Producer Prices Explode Higher In April After yesterday's hotter than expected CPI (driven in large part by Energy, but seeing some contagion into Services costs), this morning's Producer Price print for April was expected to show a major surge in annual wholesale inflation. With the eight straight monthly increase, PPI rose by a massive 1.4% MoM (vs +0.5% MoM exp) - the biggest MoM jump since March 2022, lifting PPI by a stunning 6.0% YoY (vs 4.8% YoY exp). That is the hottest PPI YoY since Dec 2022... Source:...

DOJ Launches Investigation into Sexual Assault Allegations Against Eric Swalwell The U.S. Department of Justice has opened a criminal investigation into multiple sexual assault and misconduct allegations against former Rep. Eric Swalwell (D-Calif.), federal officials confirmed Thursday, marking the latest escalation in a scandal that has already forced the longtime congressman to resign from the House and suspend his bid for California governor. Swalwell, who represented California's 14th District since 2013, stepped down from Congress on Tuesday amid bipartisan pressure and a House Ethics Committee probe into claims that he engaged...