Trump Crosses Iran's 'Red Line' By Heavy Bombing Of Kharg Island, Endangering Energy Assets Across Region

Here Is What America's Largest Banks Reported In Their Q2 Earnings Reports In terms of perceived report quality relative to positioning, the ranking appears to be Goldman Sachs first, followed by Bank of America (pending guidance), then Wells Fargo, and finally JPMorgan. The broader theme across the group was fairly consistent: NII was generally underwhelming, fee income was strong as expected, capital markets results were very strong, and there was a clear halo effect from the strong deal calendar (SpaceX IPO most notably) that benefited equities trading. At the same...

The Beijing circus is over and Donald Trump’s talks with Xi Jinping produced nothing more than some pleasing photo ops and some performative diplomacy with no substantive accomplishments. There was no final communique at the end of Trump’s two days of meetings with Xi Jinping. Instead, we are left to rely on the statements from […]

Putin Rejects Open Letter By Zelensky Urging Meet: 'Pointless' Russian President Vladimir Putin has responded dismissively to Ukrainian President Volodymyr Zelensky's open letter issued the day prior, which urged that the two leaders meet in order to finally forge a peace deal and bring an end to the war, now it its fifth year. Putin made clear Friday that he sees no point in holding a personal meeting with Zelensky. He was asked directly about the letter while attending the St. Petersburg International Economic Forum (SPIEF). In response the Russian leader addressed...