High Taxes, Power Bill Crisis Send Maryland Gov. Moore's Poll Numbers To Record Low

Chinese Navy Pushes Dutch Frigate From Claimed Waters Via Electronic Warfare The Netherlands has become the latest Western nation to tangle with Beijing and exchange tense words after testing its sweeping claims to the South China Sea. A tense military encounter unfolded involving a Dutch warship, identified as the HNLMS De Ruyter, after it had entered waters near the disputed Paracel Islands. China's military reportedly used electronic warfare measures to force it out of the China-claimed waters in the incident on Wednesday. source: Defensie.nl Chinese military spokesperson Zhai Shichen later charged that the Dutch ship...

Futures Jump As Chipmakers Surge After Japan , Korea Bounce US stock futures are higher led by Tech after a strong bounce in chip stocks in Japan (memory stock Kioxia traded limit up after trading limit down on Friday and Monday was a holiday) and Korea, as evidence mounts that Momentum / Semis pullback have bottomed, with supportive price action elsewhere in Asia and Europe, though the JPM EU Trading Desk is not yet seeing follow-through buying in Semis.  As of 7:20am ET, S&P futures are 0.5% higher, lagging the...

BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up The national average for 87-octane gasoline has remained above the politically sensitive $4-a-gallon level for two straight weeks after the largest monthly jump in AAA data going back two decades. The fuel shock has Wall Street analysts focused on whether surging pump prices will begin crowding out discretionary spending. Bank of America CFO Alastair Borthwick told analysts on a conference call earlier today that the fuel shock at the pump has not undermined overall consumer strength so far, though...