DOJ Settles Surveillance Abuse Lawsuit With Former Trump Campaign Adviser Carter Page

"Huge Shock": China Launches Crackdown On Cross-Border Stock Selling To Block Capital Outflows China launched an unprecedented campaign against illegal cross-border trading to stem capital outflows, threatening severe penalties against brokers and ordering non-compliant accounts to be liquidated within two years, sparking a brutal selloff in three popular brokerages. As Bloomberg reports, the pushback came after the onshore markets closed Friday when eight regulators issued a joint statement vowing a campaign against these trades, sending US-listed Chinese stocks tumbling. The securities regulator said it planned to penalize brokerages Futu Holdings, Tiger Brokers...

"Early Signs Of A Turn In US Consumer Discretionary," UBS Says Brent crude futures tumbled below the $80-per-barrel level earlier this morning for the first time since March as traders priced in the U.S.-Iran peace deal and the expected reopening of the Strait of Hormuz maritime chokepoint on Friday. Goldman Sachs and RBC Capital Markets both slashed their fourth-quarter Brent crude forecasts, reinforcing the view that the war-risk premium is rapidly deflating. If oil has peaked, then inflation pressures may have peaked as well, a positive setup that could provide some...

Two Empty Qatari LNG Tankers Head Toward Gulf After Weekend Hormuz Transit Breakthrough Bloomberg ship-tracking specialist Stephen Stapczynski has identified two empty Qatari LNG tankers, Al Gattara and Fraiha, transiting north toward the Gulf area after idling near Mauritius. This movement comes just days after a Qatari LNG carrier successfully transited the Strait of Hormuz, suggesting that Doha may be engaged in backchannel discussions with Tehran about a gradual normalization of LNG flows through the maritime chokepoint. Al Gattara and Fraiha could be returning to Qatar to load LNG cargoes. If confirmed,...