Bank of America Jumps On Record Equity Trading Revenue, Net Interest Income Forecast Increase, Offset By FICC Miss

The boom-bust cycle is not a mystery. Understanding why requires grappling honestly with what the last fifty years produced.

Third Round of US Strikes Hits 140 Targets After Hormuz Ship Attack; Iran Retaliates On Kuwait, Jordan Bases Update 1210ET.  The escalation cycle intensified overnight and into early Sunday as the US conducted its third round of strikes this week, while Iran enforced its declared closure of the Strait of Hormuz and launched retaliatory attacks across multiple Gulf states. CENTCOM confirmed strikes began around 7:15 p.m. ET Saturday night, hitting approximately 140 Iranian military targets. These focused on degrading IRGC capabilities to threaten commercial shipping, including radars, missile/drone sites, launch systems, and...

"You Should Be Preparing Your Criminal Defense": Becerra Feels The Heat In Final California Governor's Debate Authored by Susan Crabtree via RealClearPolitics, Seven candidates vying for California’s governorship squared off Thursday in their fifth and final debate, with frontrunner Xavier Becerra facing down an onslaught of attacks from the right and the left over his policy record, a campaign fraud scandal, and what rivals described as a deceptive flip-flop on healthcare policy. “This is what happens when you take the lead in polls,” remarked the former Biden Health and Human Services secretary...