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Oil Spikes, Stocks Suddenly Dump During Warsh Hearing
Oil Spikes, Stocks Suddenly Dump During Warsh Hearing
It's unclear what exactly is driving but the markets are reverting back to old habits this morning with oil spiking...
...dragging Treasury yields higher...
Stocks are tanking...
And so is gold...
There were no obvious geopolitical headline catalysts for the move - though uncertainty remains high about the next 24-48 hours in the Middle East.
Some have suggested the following comment from Fed Chair nominee Kevin Warsh may have helped (or hindered): “There’s probably no more pressing question than the cost of living.”
Though that does seem like...
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Jun 21, 2026 / Jason Ditz
Lebanon Death Toll Passes 4,000 as Israel Continues Strikes
Despite yet another ceasefire implemented on Friday, the death toll from Israeli attacks across Lebanon this weekend were substantially higher than normal, with around 100 killed over the course of three days, and the attacks show no sign of slowing. The surge in killings has brought Lebanon to another stark milestone, with over 4,000 people […]
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Aug 14, 2026 / Tyler Durden
Panama Canal Fees Hit Record As El Nino, Hormuz Crisis Choke Global Shipping
Panama Canal Fees Hit Record As El Nino, Hormuz Crisis Choke Global Shipping
Panama Canal transit auction prices have surged to record highs this summer as an intensifying El Niño and disruptions in the Strait of Hormuz upend global shipping routes.
A Bloomberg report Friday morning said a supertanker paid a record $4.6 million at auction to bypass the growing queue and secure an earlier transit slot next week. The spike in canal fees and vessel wait times threatens to further raise freight costs, reinforcing growing concerns about inflationary pressures across...
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Apr 16, 2026 / Tyler Durden
IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World
IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World
Authored by Rex Widerstrom via The Epoch Times (emphasis ours),
The International Monetary Fund (IMF) says Australia is on track to have one of the highest inflation rates in the developed world.
Australian dollars coins in Melbourne, Australia, on April 4, 2024. AAP Image/Joel Carrett
In the latest edition of its World Economic Outlook, the global lender said economies around the world “face repercussions [from] the direct impact of higher commodity prices, indirect second-order effects on inflation expectations—which tend to...
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