US Says 'No Ships Made It Past Blockade' As Iran Mulls Hormuz Shipping Pause To Preserve Talks, Which Trump Says Could Happen In Two Days

Ahead Of The Fed: Bessent, Bullion, Bans, & Hawkish Bias Authored by Peter Tchir via Academy Securities, Before jumping into the Fed, let’s just spend another minute on diesel, and Bessent’s “Performance” which along with Warsh’s Difficult Task, were formed the bulk of last weekend’s Never Forgotten! And Some Work Stuff… Bessent’s "Performance" & Bullion On the Treasury buyback, we didn’t even get to the full $6 billion. The buyback focused on off the run treasuries, deemed as “cheap”, but not cheap enough that the Treasury Department would “overpay”. If you really want to move bond...

Porsche Plans 20% Price Hike On Top-End 911s In Profit Push During Capital Markets Day in Weissach, new Porsche CEO Michael Leiters offered Wall Street desks a bleak outlook, warning that the turnaround will take time and that operating conditions are unlikely to improve significantly over the next few years. Leiters signaled to investors a shift toward value over volume. He said the focus is now on prioritizing higher revenue per vehicle and reducing dependence on China. One such strategy, as Bloomberg reports, is for Porsche to raise average prices for...