U.S. Deploys Ukrainian Acoustic Sensors, Interceptor Drones At Prince Sultan Air Base

The Monumental Mistake Of Raising Rates In September Authored by Daniel Lacalle, Three members of the Federal Open Market Committee voted to raise rates in July. However, the Committee held the federal funds target at 3.5%-3.75% by a 9-3 vote. Bank of America, Deutsche Bank, and J.P. Morgan all expect a September hike. Across the Atlantic, the European Central Bank raised rates by 25 basis points in June and is expected to raise them again in September. It would be a monumental mistake. The diagnosis is wrong on both sides of the Atlantic. There...

A Pause To Negotiate A Deal? Some Caveats... Authored by Peter Tchir via Academy Securities, Basically we wound up at the better end of our “base case” in yesterday’s Spaghetti Western, and you could argue we made it all the way into our best case of “ceasefire” (I’m reluctant to label it that, as you will see, but it is touching on that end). I do think we are far from a “real deal”. In any case, markets are responding according as both sides send people to Pakistan to negotiate a deal. Stocks are...

Federal Appeals Court Allows Texas To Enforce State Immigration Law Authored by Matthew Vadum via The Epoch Times, A divided federal appeals court on April 24 allowed Texas to enforce a state law that permits the arrest and prosecution of individuals thought to have unlawfully crossed the U.S.-Mexico border. The U.S. Court of Appeals for the Fifth Circuit voted 10–7 to undo a 2024 injunction that had prevented enforcement of the law known as Senate Bill 4. Initially, the former Biden administration had challenged the statute, but the second Trump administration dropped...