Bastiat's Famous Candlestick Makers' Petition

The US said on Thursday that its embassy in Kyiv remains open despite claims to the contrary and Russia’s threats to launch a major attack on the Ukrainian capital city targeting military targets and “decision-making centers.” Earlier this week, Russia issued a warning to the US and its European allies to evacuate their personnel from […]

Wheat Spread Blows Out As Drought Chaos Plagues America's Breadbasket Hard red winter wheat (HRW) futures widened to their largest premium over soft red wheat (SRW) in more than two years as severe drought intensified across key breadbasket regions in the Great Plains and Midwest. This means traders are pricing in weather impacts and tightening expectations for higher-protein wheat supplies. It is important to note that HRW is a more valuable protein and is primarily used in bread, rolls, and all-purpose flour. It is grown in the U.S. Plains (Kansas, Oklahoma,...

Ferrari Skids As Wartime Disruptions Hit Deliveries Ferrari shares fell as much as 3% in Milan after first-quarter results showed stronger-than-expected profit and cash flow, but the beat was overshadowed by a plunge in deliveries in the Middle East, as the U.S.-Iran conflict disrupted shipments to one of the luxury automaker's key markets. Ferrari's first-quarter results were broadly ahead of expectations on profit, revenue, and cash flow, but deliveries across EMEA, which includes Europe, the Middle East, and Africa, were the clear outlier. Regional shipments fell to 1,458 units, down 14% year...