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Stock Futures Slide As Doubts Over Ceasefire Send Oil Higher
Stock Futures Slide As Doubts Over Ceasefire Send Oil Higher
Stocks resumed their drop and oil erased about a third of its Wednesday drop as traders watched the fragile US-Iran ceasefire shatter by the hour, with both sides accusing the other of breaches while the Strait of Hormuz is still effectively closed and Israel intensified strikes on Lebanon. As of 8:00am ET, S&P futures fell 0.4% after Bloomberg strategists said a best-case scenario has already been priced in; Nasdaq futures dropped 0.3% with Mag7 stocks mostly lower. Europe’s Stoxx 600 index fell 0.7%. Emerging-market...
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Apr 23, 2026 / Tyler Durden
Pot Stocks Soar As DoJ Reclassifies Medical Marijuana As Less Dangerous Drug
Pot Stocks Soar As DoJ Reclassifies Medical Marijuana As Less Dangerous Drug
Pot stocks are moving higher in premarket trading in New York after the Justice Department and DEA announced that FDA-approved marijuana-based drugs and state-licensed medical marijuana products will be moved immediately from Schedule I to Schedule III. This is a major shift in how the federal government classifies these types of cannabis products.
*DOJ RECLASSIFIES MEDICAL MARIJUANA AS A LESS-DANGEROUS DRUG: AP
— zerohedge (@zerohedge) April 23, 2026
The classification is designed to expand access to approved therapies, support state-regulated...
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Apr 16, 2026 / Tyler Durden
IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World
IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World
Authored by Rex Widerstrom via The Epoch Times (emphasis ours),
The International Monetary Fund (IMF) says Australia is on track to have one of the highest inflation rates in the developed world.
Australian dollars coins in Melbourne, Australia, on April 4, 2024. AAP Image/Joel Carrett
In the latest edition of its World Economic Outlook, the global lender said economies around the world “face repercussions [from] the direct impact of higher commodity prices, indirect second-order effects on inflation expectations—which tend to...
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Apr 16, 2026 / Tyler Durden
US Navy Destroyer Shows Off New Launcher For Mystery Weapons
US Navy Destroyer Shows Off New Launcher For Mystery Weapons
The U.S. Navy has quietly equipped one of its Arleigh Burke-class destroyers with a previously unseen launcher, reflecting a broader effort to counter the growing threat posed by drones in contested maritime environments, according to TWZ.
USS Carl M. Launcher mounted on Levin (DDG 120) (U.S. Navy, VIRIN: 260329-M-FP389-1205)
A U.S. Marine Corps photograph released April 8, taken March 29 at Pearl Harbor, Hawaii, shows the USS Carl M. Levin fitted with the system on its aft upper deck. The multi-cell launcher,...
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