Can You Price In No Longer Pricing Things In?

Logic, Logistics, And At Least Another 10 Days... By Michael Every of Rabobank Thursday was a rocky day in markets ahead of today’s deadline for the US to shift from bombing Iran’s nuclear, missile, drone, military-industrial, and regime sites to destroying its electricity grid, potentially taking out its power generation for a generation, and unleashing an Iranian response against the broader region’s power, water, and energy infrastructure. Given that backdrop, some TACO the view it was logical Trump subsequently extended the deadline to 8PM EST on Monday 6 April, because “talks are...

Syrian Gets Just Six Months In Jail For Raping 13-Year-Old Girl After Court Cites His Low IQ Authored by Thomas Brooke via Remix News, A 21-year-old Syrian man convicted of raping a 13-year-old Norwegian girl in a bike shed will serve just six months in prison after a court cited his low IQ, limited development, and a recent change in Norwegian sentencing law. Abdelmonem Abdelrazak Al-Yousef was found guilty by Nord-Troms and Senja District Court on March 31 in relation to the rape that occurred during the night of Sept. 7, 2024,...

Exxon & Chevron Shares Jump After Big Q1 Earnings Beat The impact of the war in Iran is on full display this morning in the earnings of two oil giants - Chevron and Exxon Mobil - as both smashed earnings expectations (despite sizable production outages). Ahead of the results, Exxon and Chevron had both flagged major reductions in 1Q earnings due to “timing effects,” or paper losses on derivatives tied to cargoes that had not yet reached their destinations before the end of the quarter. These accounting charges are expected to fully unwind...