Israeli Attacks Pound Gaza, Killing at Least Seven Palestinians Over 24 Hours

Futures Flat Ahead Of Fed, Mag 7 Earnings Avalanche S&P futures are flat with Nasdaq outperforming ahead of a huge day for tech. Alphabet, Amazon, Meta and Microsoft, representing nearly 20% of S&P market cap, report after the close, with traders focused on capex. The group has a combined options implied move of more than $750 billion of market cap in either direction. As of 8:00am ET, S&P futures are unchanged; Nasdaq futures rise 0.3% amid dip buying following strong results from Seagate, after the index slipped more than 1% in...

The Persian Gulf is the most consequential body of water in the global economy. Its narrow exit — the Strait of Hormuz, just 33 kilometres wide at its narrowest point — acts as a valve through which flows an extraordinary share of the world’s energy and agricultural inputs. A sustained closure of that valve by […]

Germany's Energy Crisis And The National-Conservative Turn Submitted by Thomas Kolbe If the Union had been waiting for a favorable moment to save face and quietly escape the energy-policy fiasco, that moment has probably arrived. On Thursday, the European Parliament formed a broad coalition of the Union-backed EPP faction with the national conservatives. The goal: initiate a migration turnaround, prevent citizen chat controls, and soften the grotesque Supply Chain Act. Among the national-conservative parties in the EU Parliament is also the AfD faction, showing that the firewall against this party is a...