Futures Slide As Oil Jumps On Ceasefire Setbacks, Nasdaq In Danger Of Ending 13-Day Streak

The Trillion-Dollar Man Authored by Noel Williams via AmericanThinker.com, If he had any, Bernie would be pulling his hair out at the prospect of Elon Musk becoming a trillionaire. Socialist imbeciles spurn success, preferring downtrodden masses who wallow in government dependence rather than exerting individual independence. As is well known, socialists portray billionaires as a "policy mistake." Extrapolating from that, they must consider the potential coming of trillionaires as a policy catastrophe. The first man likely to reach that lofty target -- if his companies meet stringent performance objectives -- is Elon Musk. At first...

European Rearmament Efforts Snuffed By Chinese Control Of Critical Materials Yesterday we reported that, in a tit-for-tat move, China announced it is targeting US rare earths firms in response to a Pentagon list of Chinese firms: this, as Rabobank noted, is largely a symbolic move, but it still underlines the tensions in this area. So does the Nikkei reporting that ‘China minerals control threatens EU rearmament, as bloc seeks new sources’: because, as Rabo's Michael Every notes, even if you can afford a dagger, you can’t make it without rare earths, and...

Diesel Tops $5, Echoing 2022 Russia-Ukraine Invasion Energy Shock US Fuel Spike Summary: AAA national average diesel prices have jumped 34%, the largest increase for any month on record. AAA national average gasoline prices have jumped 24.5%, also the largest increase for any month on record. The spike in refined products comes just ahead of driving season and, if it persists long enough, could dent consumer sentiment polls. The Trump administration assures the conflict will be short-term. Countdown to Memorial Day driving season: 69 days. *  *  *  Update (0840ET) The partially paralyzed Hormuz chokepoint...