Jane Street Paid Employees $9.4 Billion, Twice What It Paid Last Year, After Record 2025 Results

No Takers, Nor Tankers By Molly Schwartz, cross-asset macro strategist at Rabobank Daily crossings through the Strait of Hormuz increased substantially after the US and Iran announced a “peace” agreement in mid-June. However, those numbers have started to dwindle as the ceasefire—peacefire, shmeasefire—appears increasingly shaky. According to Bloomberg, the Joint Maritime Information Center said that traffic through the Strait remains at “reduced levels,” (around 24% of pre-war transit) even though US-assisted vessel transits have been largely uninhibited. Reuters reports that “some war insurers advise shipowners to pause Hormuz voyages after attacks,” adding...

The 'Leading UK Scientists' Letter Urging Abandonment Of North Sea Is Ideology Masquerading As Science Authored by Tilak Doshi via Tilak’s Substack, The Financial Times reported on Good Friday that “more than 65 leading UK scientists” had signed an open letter, published as a Google Doc, urging the Government to abandon new North Sea oil and gas drilling in favour of renewables. “Here is the scientific establishment speaking with one voice,” the FT tells us, warning against the supposed folly of extracting what remains of Britain’s hydrocarbon resources and to choose renewables that, according to the scientist-signatories, provide...

Russia Think Tank Tells Chinese Media That U.S. Endgame In Iran Is To "Achieve Market Monopoly" In Logistics, Energy Russian military blogger Mikhail Zvinchuk, the operator behind the Rybar Telegram channel, recently surfaced in an interview with the Chinese outlet Guancha, offering a non-Western assessment of the ten-week U.S.-Iran war. The interview is notable given that Washington has targeted the private Russian think tank, with the State Department's Rewards for Justice program offering up to $10 million for information related to Rybar-linked foreign election interference operations. The main topic of the...