Israeli Strikes on Gaza Kill Six, Including a Father and His Young Boy

Separate Israeli attacks in Gaza on Thursday killed at least two children, an eight-year-old and an 18-month-old, according to reports from the Strip, as the IDF continues its constant violations of the US-backed ceasefire deal. In southern Gaza, an Israeli strike on a tent killed Rateel al-Balawi, an eight-year-old girl. Photos from Gaza show Rateel’s […]

Trump Talk & 'Thucydides Trap' Threat Triggers Market Mayhem Overnight Traders are waking this morning in the US to some relative market mayhem and questioning what came first - the oil spike or the geopolitical angst - to trigger these moves as it appears the market finally remembered there's more going on in the world than trading 'short compute' demand to the moon... Oil prices are up significantly (WTI >$100)... Bond yields are breaking out everywhere (10Y 4.5%, 30Y UST 5.10%!, 30Y Gilt 5.82% - highest sine 1982)... Equity markets sharply lower overnight...

Food Supply Alert: Ukraine Grain Exports Collapse As Black Sea Attacks Choke Global Shipments Upward momentum in agricultural prices, as tracked by the Bloomberg Agriculture Spot Index, should be ringing inflationary alarm bells. The breakout comes just one week after JPMorgan analyst Nora Szentivanyi warned that the next global food crisis could materialize as early as next year. Multiple shocks are converging all at once across the global food complex, including continued disruptions in the Strait of Hormuz, rising El Niño risks, and adverse weather across the US agricultural belt. This...