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Stocks Jump, Oil Tumbles After IEA Calls Extraordinary Meeting To Decide On SPR Release
Stocks Jump, Oil Tumbles After IEA Calls Extraordinary Meeting To Decide On SPR Release
With oil reversing much of the overnight losses as we neared the start of US cash open trading, futures slumped and it felt like we were back to square one.
That's when the jawboning out of the G7 members - many of whom are already at their breaking point in terms of soaring input costs - decided to double down on the jawboning rhetoric from yesterday - and hinted strongly that an SPR release could be imminent.
The...
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Mar 3, 2026 / Tyler Durden
Supreme Court Sides With Parents Over Kids' Gender Disclosure In California
Supreme Court Sides With Parents Over Kids' Gender Disclosure In California
Golden State groomers were dealt a devastating blow on Monday after the Supreme Court sided with parents challenging school policies in California that restrict when educators may disclose changes to a student’s name or pronouns, handing parental rights advocates an early but significant victory in a closely watched culture-war dispute.
In an unsigned 'shadow docket' order, the justices restored a lower court’s injunction blocking enforcement of policies that prevent teachers from informing parents when their child socially transitions at school....
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Aug 20, 2026 / Tyler Durden
Mass Casualties In Large Russian Assault On Ukraine's Capital, Air Defenses Dwindle
Mass Casualties In Large Russian Assault On Ukraine's Capital, Air Defenses Dwindle
Ukraine started the week with near record-setting drone attacks on Moscow, with over 600 UAVs sent against the Russian capital Monday night into Tuesday.
The expected major Russian retaliation has come overnight, with a huge missile and drone barrage on the Ukrainian capital. Many dozens were sent, killing over 16 people and injuring more than 40, local authorities report.
Ukrainian media
The casualty rate was high despite that Ukraine says it managed to intercept nearly 90% of inbound projectiles, which it...
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Mar 18, 2026 / Tyler Durden
Wall Street Reacts To "Neutral" Fed Hold
Wall Street Reacts To "Neutral" Fed Hold
The digital ink on the Fed statement is still wet and the kneejerk reactions are already flying. Here is a small sample of the more notable ones, with opinions ranging from this was a dovish, neutral and hawkish statement. So right in the middle, perhaps as Powell intended:
George Goncalves, MUFG: "this is a “neutral” statement from the FOMC.The statement tweaks are an attempt at trying to avoid sending any signals while conveying they are on guard for any growth shocks and inflation spillover...
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