A Reckoning Is Underway At The FDA

Futures Rebound With Cash Markets Closed; Gold, Bitcoin Jump While US cash markets are closed for the July 4th holiday, stocks around the world rebounded from yesterday's momentum rout as the latest round of jitters about the AI trade subsided, with Europe’s benchmark rising to an all-time high. S&P futures rose 0.3% and Nasdaq 100 futures rebounded 1.2% in thin holiday trading after South Korean memory giants SK Hynix and Samsung Electronics recovered, helping to drive a 2% rally in Asian shares after earlier tumbling with SK Hynix plunging as much as 30% from its all...

Futures Rebound, Oil Pares Gain After Iran Declares End To Military Operations US stocks futures rebounded and oil pared much of its overnight gains, following a declaration from Iran that military operations against Israel ended after the biggest military escalation between Iran and Israel overnight. As of 8:00am ET, S&P futures rose 0.7% while those for the Nasdaq 100 climbed 1.4%, with Mag 7 stocks trading mostly higher in premarket trading ahead of Apple's WWDC keynote later today, which may boost the Mag 7 group. Chipmakers that were the hardest hit in Friday’s...

Senate Democrats Are Quietly Plotting To Oust Chuck Schumer Senate Minority Leader Chuck Schumer has had a fractured relationship with the Democratic Party base ever since he voted to fund the government last March. Unfortunately for him, time hasn’t healed that wound, and there’s a growing resistance to Schumer that hopes to oust him from his leadership position after the midterms. The Wall Street Journal, drawing on more than four dozen interviews with Democratic senators, candidates, current and former congressional aides, activists, and advisers, found widespread unease about the New York...