Trump Tells Aides US Preparing For Extended Blockade, But Could Be Open To Interim Deal With Iran

UAE Retracts Warning About "Potential Missle Threat" Update: it appears the earlier warning by the UAE was a false alarm: UAE SENDS ALERT SAYING 'PLEASE DISREGARD THE PREVIOUS WARNING' UAE ASKS PEOPLE TO IGNORE PREVIOUS WARNING * * *  Earlier Is the ceasefire over (again)? Moments ago stocks hit session lows and oil jumped from post-war lows after the UAE issued a phone alert warning of potential missile strikes. Iran's Tasnim promptly followed up, saying that according to news sources, there were explosions heard in Dubai. And while the initial report sent futures to session lows... ... , and oil...

Cook Case Tests The Limits Of Fed Independence Authored by Alexander W. Salter via The Daily Economy, President Trump has renewed his effort to remove Lisa Cook from the Federal Reserve Board. Whether he has a legitimate reason to fire her is another matter. The White House announced a three-person "committee of inquiry" to investigate whether Cook made false statements on mortgage applications, and whether that is sufficient cause to remove her from her post. Next month, the committee will question her at a White House hearing. This is Trump's second attempt....

"Cartel Connections": 600 Pounds Of Cocaine Worth $10 Million Found In Queens Self-Storage Facility A routine-looking storage facility in Queens was allegedly holding something far more valuable than furniture and moving boxes, according to new reports from the New York Post and NBC New York. In fact, authorities say they uncovered nearly 600 pounds of cocaine worth an estimated $10 million at a self-storage location in Long Island City, resulting in one of New York City’s most significant drug seizures in decades. The investigation led police to Nelson Salcedo, 35, of Englewood, New...