UK Schools Rake In Record £572 Million For Non-English Speaking Pupils

Futures Drop, Yields And Oil Jump Ahead Of Iran's UN Address As Trump-Xi Summit Looms US equity futures are down modestly, but at session lows, as oil reverses earlier losses (crude was on pace for a sixth straight day of declines, its longest losing run in a year) sending Brent back over $100 and pushing 10Y yields back to 4.99%. As of 8:30am, S&P 500 futures were 0.1% lower with Nasdaq 100 futures sliding 0.3%, and also at session lows after hitting a record on Tuesday. In premarket trading, memory and semis...

Art Of Leverage? France Pushes 100-Million-Barrel Emergency Release After Trump Threatens Diesel Export Ban If confirmed, Bloomberg's report that France proposed that other European countries and International Energy Agency members release 100 million barrels of diesel and crude oil from emergency stockpiles would signal that Brussels is caving to President Trump’s demand.  Europe's dependence on US fuel supplies gives the Trump administration major bargaining power as the continent approaches winter with below-average energy supplies and exposure to higher costs if a cold snap or further supply disruptions materialize. The report has not...

Jack Dorsey's Block Seeks US Trust Bank Charter For Bitcoin, Stablecoin Authored by Ezra Reguerra via Cointelegraph, Jack Dorsey's payments company Block seeks to establish a federally regulated trust bank to provide custody services for Bitcoin and stablecoins. Block said Tuesday it had submitted an application to the Office of the Comptroller of the Currency (OCC) to create Builders Bank & Trust, an uninsured national trust bank. If approved, the bank would operate under OCC supervision and offer custody and related fiduciary services. Block said the charter would give its custody operations a consistent...