Futures, Bonds Surge On Optimism War May End, Oil Tumbles Below $100

Major US Banks Are Detecting Unauthorized AI Agents Accessing Customer Accounts America’s largest banks are scrambling to defend themselves against a new and rapidly evolving security threat: artificial intelligence agents gaining access to customer accounts, sometimes behaving in ways that appear to go beyond what their human users originally authorized, according to Axios.  Major financial institutions including JPMorgan Chase, Bank of America, Morgan Stanley, Wells Fargo and Citigroup are confronting the growing presence of third-party AI assistants inside their banking platforms. Some institutions have detected unauthorized agent activity, while others are...

A Dollar Is Not A Dollar: A Plea To Make Dollar Policy Great Again Authored by John Tamny via RealClearMarkets, Le Diplomate is one of the toughest tables in Washington, DC. When it opened in 2013 its wildly popular Burger Americain (with French fries) set diners back $14, according to the Washington Post. Thirteen years later, the same meal retails for $29. As Tim Carman and Federica Cocca report at the Post, "the wholesale price of ground beef has soared between 18 and 30 percent in the past few years." Ok, so...

The UK's Latest "Debanking" Scandal Should Give Everyone Pause Authored by Nick Corbishley via NakedCapitalism.com, UK-based readers may recall the moment almost exactly three years ago when the word “debanking” entered the mainstream British English lexicon. The prestigious London-based private bank Coutts had just decided to close Nigel Farage’s bank account due to his unsavoury political views and alleged Russian connections. That decision turned out to be very costly. Almost immediately, Farage did what Farage does best: he whipped up a massive media frenzy. In next to no time two senior banking...