Alphabet Surges After-Hours On Record Search Queries, Backlog Builds

Days After Trump Delays Xi Summit, Chinese Carrier Unveils 101-Jet Airbus Deal Days after President Donald Trump delayed a planned meeting with Chinese President Xi Jinping over the now 26-day-old U.S.-Iran conflict, one of China's top state-owned airlines unveiled a major narrow-body aircraft deal with Airbus. China Eastern Airlines announced a $15.8 billion deal for 101 Airbus A320neo aircraft on Wednesday, with deliveries scheduled between 2028 and 2032. The Shanghai-based carrier, which operates domestic and international passenger and cargo flights, said it negotiated prices well below list value and expects to fund...

Yen Jumps On Report Of BOJ "Rate Check" But It's "Too Little Too Late" Update: (12:40pm ET) The Bank of Japan, not to mentioned Scott "the House" Bessent, have been most displeased with the yen plunge following today's BOJ rate hike, and so they once again do what they do pretty much every other week now: intervene in the market.  As we said earlier (see below) when we predicted that some sort of central bank intervention was inevitable, the yen pared declines on Friday after Japan's Nikkei newspaper reported that the Bank of Japan...

How The Global Economy Became The World's Most Dangerous Battlefield Authored by Madge Waggy, The twenty-first century has introduced a form of confrontation that rarely appears on television screens, is seldom announced through diplomatic declarations, and almost never begins with the spectacle traditionally associated with war. Its progression is quieter, considerably more sophisticated, and arguably more consequential than many conventional conflicts because its primary objective is not the occupation of territory but the gradual acquisition of economic leverage capable of influencing political decisions, technological innovation, industrial production, and ultimately the everyday lives...