The Petroyuan Myth: War Failed To Shake The Dollar

Ayatollah Mojtaba Khamenei Surrounded By 24/7 Medical Team In Hideout As Generals Run Iran: NYT The NY Times in a new deep dive of what governing structures now look like inside Iran says what's already long been obvious to many in the wake of longtime Ayatollah Ali Khamenei's death: "When Ayatollah Ali Khamenei ruled Iran as the supreme leader, he exerted absolute power over all decisions about war, peace and negotiations with the United States. His son and successor does not play the same role." The publication says it was able to...

FedEx, UPS Slide After Amazon Opens Freight Network To All Businesses Shares of transportation and logistics giants FedEx and UPS dropped in premarket trading after Amazon debuted Amazon Supply Chain Services, opening its freight network to sellers far beyond the Amazon marketplace. Amazon said ASCS is a move to "open its freight, distribution, fulfillment, and parcel shipping capabilities to businesses of all types and sizes." It gives companies outside the Amazon marketplace access to a global delivery network with two- to five-day delivery and 24/7 service. "With this launch, Amazon is expanding...

Key Events This Holiday-Shortened Week: Payrolls, PMI, ISM, Retail Sales And Fed Speech Looking at the week ahead, we should start to learn about the economic consequences of the conflict, as several data releases for March are out which cover the period since the strikes began on February 28. In the US, that includes the monthly jobs report on Friday - which falls on a Holday when stocks are closed, while bonds are open for half a day -  where economists expect nonfarm payrolls to have risen by +60k in March. As...