Israel Prepares for Resumption of Full-Scale Bombing Campaign in Gaza

Ludwig von Mises had many insights about immigration. As one might expect, he foresaw problems with open borders, but also believed immigration could benefit a nation.

New Disney CEO Delivers Earnings Beat As "Important Change" Underway Disney reported better-than-expected second-quarter results, driven by momentum across entertainment, sports, and experiences, while reaffirming its positive outlook for the year. "At an important moment of change for Disney, we remain focused on executing our long-term growth strategy," Disney wrote at the beginning of the earnings release. The entertainment company continued, "Our creative and operational momentum drove strong quarterly results, and we continue to expect growth to accelerate in the second half of the fiscal year." "We are strengthening streaming through continued investment...

FOMC Minutes Signal Fed Saw "Dual Sided" Risks From Iran War Since the last FOMC meeting (March 18th), a lot has happened (war, more war, and now less war), and rate-change expectations hawkishly surged, then dovishly normalized today... And given the last 24 hours, perhaps this information is more useful now, as we return to macro-fundamentals from geopolitical chaos running markets. The minutes, released three weeks after the meeting, underscore the Fed's dilemma as it seeks to fill its congressional mandates of low inflation and maximum employment. Fed officials wrestled with starkly differing...