Hochul Joins Mamdani In New York's "Eat The Rich" Movement

Key Events This Week: CPI, PCE, Durable, FOMC Minutes And More In addition to Iran war developments, this week’s economic calendar will focus on the inflation side of the Fed’s dual mandate following a solid March employment report. The key data releases this week are the February durable goods report on Tuesday, the February PCE report on Thursday, and the March CPI report on Friday. Fed Vice Chair Philip Jefferson will deliver a speech on the economic outlook on Tuesday. The minutes to the FOMC’s March meeting will be released on...

"Closely Monitoring The Situation": Germany Fears Next Migration Wave After Spanish PM Welcomes Hundreds Of thousands Of Illegals Via Remix News, With Spanish Prime Minister Pedro Sánchez legalizing what could amount to as many as 1.6 million migrants, other EU member states are getting worried, and not just neighboring France. While the Socialist prime minister’s announcement originally aimed to naturalize some 500,000 migrants by handing them residency permits and work permits, German authorities estimate that there could be as many as 850,000 applicants in Spain, writes Bild. Leaked internal Spanish police documents have already...

EV Demand Surges Across Asia After Energy Shock Sends Consumers Into Panic Mode One of the biggest takeaways in global energy markets this week is the growing fragmentation. Brent crude in Asia has surged to over $150 a barrel, with demand destruction already emerging, and China and India facing the greatest pressure given their heavy reliance on Gulf crude. Meanwhile, the Trump administration has moved to release barrels from the Strategic Petroleum Reserve to help cap WTI prices below triple digits, with US crude currently trading around $94 a barrel. And...