Trump Extends Jones Act Waiver For 90 Days To Counter Fuel Price Pressures

Trump Sets Xi Meeting Date As Clock Ticks On Iran War Offramp The long-anticipated Trump-Xi meeting will take place in Beijing on May 14 and 15, the White House said Wednesday, after the bilateral summit was previously pushed back due to the Iran war. This marks a roughly six week postponement compared to when it was earlier supposed to happen. President Trump indicated in a fresh social media post that US representatives are "finalizing preparations for these Historic Visits." He added that "I look very much forward to spending time with President Xi in...

US New Home Sales Collapse By Most In 13 Years In January Despite falling mortgage rates, analysts expected December's drop in new home sales to accelerate in January... and accelerate they did... crashing a stunning 17.6% MoM (-2.7% MoM exp) - the biggest MoM drop since July 2013. This huge MoM drop dragged sales down 11.3% YoY - the worst slide in three years... Source: Bloomberg This huge drop dragged the new home sales SAAR down to its lowest since 2022, catching down to existing and pending sales... Inventories are up (Houses for sale...

Pentagon Picks OpenAI To Replace Anthropic Update (2345ET): Sam Altman on Friday night announced that OpenAI and Department of War have struck a deal in which the DoW will be able to use the company's AI for military applications, and has agreed to abide by the company's red lines regarding safety (which were similar to rival Anthropic).  "Two of our most important safety principles are prohibitions on domestic mass surveillance and human responsibility for the use of force, including for autonomous weapon systems," Altman said on Friday night, adding "The DoW agrees with these...