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

Exxon & Chevron Shares Jump After Big Q1 Earnings Beat The impact of the war in Iran is on full display this morning in the earnings of two oil giants - Chevron and Exxon Mobil - as both smashed earnings expectations (despite sizable production outages). Ahead of the results, Exxon and Chevron had both flagged major reductions in 1Q earnings due to “timing effects,” or paper losses on derivatives tied to cargoes that had not yet reached their destinations before the end of the quarter. These accounting charges are expected to fully unwind...

The Israeli government wants President Trump to order a US special forces operation to secure Iran’s uranium that’s enriched at the 60% level, according to a report from Axios, an operation that is fraught with risks and would mean the resumption of full-blown war in the region. Israeli officials told Axios reporter Barak Ravid, a […]

One of the legacies of Keynesian thought is the belief that war is “good for the economy.” While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war “creates” are economically undesirable.