Russia Now Main Supplier Of Oil To Post-Assad Syria, Despite Pivot To West

Excavation Work On Trump's Arch To Begin Over Next 2 Weeks, Burgum Says Excavation work on President Donald Trump's triumphal arch is scheduled to begin over the next two weeks, Interior Secretary Doug Burgum said on Sept. 3. "This will be one of the great pieces of American architecture, honoring the history and significance of Arlington Cemetery and befitting the most powerful capital in the world," Burgum said in a post on X. Burgum also included pictures of what the arch would look like. The proposed monument would include a mezzanine level at...

Jefferies Identifies High-Quality Energy And Materials Stocks As Cyclical Rotation Accelerates Jefferies analyst Lloyd Byrne wrote in a note on Monday that surging refined-product margins, stronger gas-fired power demand, and improving earnings estimates are providing clear tailwinds for energy stocks, even as valuations and technicals appear stretched. Byrne showed that the clearest source of strength in the energy market is refining. The six-month New York Harbor diesel-to-crude spread topped $100 (HOCL1 Index on Bloomberg) and has moved in close tandem with the Energy Select Sector SPDR Fund (XLE). Included in the "10...

New CFTC Prediction Market Proposal Would Ban War And Terrorism Bets While Allowing Sports Markets The Commodity Futures Trading Commission (CFTC) has unveiled a proposed framework for prediction markets that would prohibit contracts tied to violent or harmful events, including terrorism, war, and political assassinations, while largely preserving sports-based markets, according to Bloomberg. Under the proposal, "gaming" would be interpreted more narrowly, focusing on activities driven primarily by chance. As a result, most existing sports event contracts would remain permissible. According to CFTC Chairman Michael Selig, the agency's goal is to "protect...