US Launches Another Airstrike in Somalia as Trump Continues Ramped Up Bombing Campaign

Ryan Cohen’s Massive $35 Billion Pay Deal Draws Shareholder Lawsuit A GameStop shareholder has taken the company to court in an effort to delay a July vote on Ryan Cohen's proposed $35 billion pay package, arguing investors aren't getting the full story before being asked to approve it, according to Yahoo Finance.  The lawsuit accuses GameStop's board of repeatedly changing the voting process in ways that could tilt the outcome toward management. Among the disputed changes are whether Cohen can vote his own sizable stake and how non-votes are treated when...

Iraq’s Popular Mobilization Forces (PMF) said Monday that six of its fighters were killed by a “Zionist bombing” near the border with Syria as fighting in Iraq amid the US-Israeli war against Iran continues to rage. The PMF, a coalition of mainly Shia militias that was formed in 2014 to fight ISIS and is part […]

Governor Powell By Philip Marey, senior US strategist at Rabobank Summary As widely expected, the FOMC remained on hold. Governor Miran dissented again because he wanted a rate cut. However, there were also three dissenters (Hammack, Kashkari and Logan) who wanted to remove the bias toward cutting from the statement. On balance, Powell said that the center of the Committee was moving toward a more neutral place in thinking about cuts versus hikes. Powell announced that this was his last press conference as Chair, but he would stay on as a Governor until he thinks...