Stock Futures Surge, Oil Tumbles On Iran Ceasefire Optimism

Key Events This Week: PPI, Iran Talks, Nvidia Earnings, Fed Speakers Galore And State Of The Union While much digital ink has been spilled on the Supreme Court's striking down of Trump's IEEPA tariffs and the consequences of this decision (see "Full Analysis Of The Supreme Court IEEPA Decision: How It Impacts The Economy, Policy And Markets"), a lot more is on deck for this week when we will also have more geopolitical headlines to contend with, as the latest round of US-Iran talks is expected in Geneva on Thursday....

Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring One week after WIRED reported that things were pretty dismal over at Jack Dorsey's payment processing company Block (formerly Square), the company announced that they are cutting 4,000 employees - nearly half of their headcount - in order to invest 'heavily' in artificial intelligence tools to run more efficiently, including its own called Goose, Bloomberg reports.  The news sent shares up over 30% in after hours trade. "We are taking bold and decisive action here, but we’re doing it from a position of...

Minnesota State Employee Who Vandalized Teslas Last Year 'Punished' With 1-Day Suspension Authored by Debra Heine via American Greatness, A Minnesota state employee who vandalized six Tesla vehicles last year, causing up to $21,000 in damage, received no jailtime and just a single-day suspension from his job, state records show. Dylan Adams, an employee with the Minnesota Department of Human Services (DHS), was caught on Tesla security cameras keying the vehicles in March and early April 2025, amid a rash of anti-Tesla vandalism and firebomb attacks throughout the nation. The anti-Tesla attacks coincided with nationwide “Tesla...