Iran Claims to Fire Warning Shots at US Warship Near Strait of Hormuz

Trader Makes $23 Million In One Day With Massive S&P Call Purchase Hours Before Ceasefire A trader who made a large bet on a stocks rocketing in the coming weeks is up about $23 million in paper profit today, according to Bloomberg. The unknown trader spent $12 million premium on 6800 lots of 6950 S&P 500 Index Options (SPX) calls for May 8 expiry, when the index was at 6556.21; the trade was executed around 10:20 a.m. Eastern on Tuesday, just hours before Trump's announcement of a 2-week ceasefire which sent...

President Trump is set to meet with Ukrainian President Volodymyr Zelensky in New York City on Tuesday on the sidelines of the UN General Assembly following Ukraine’s massive weekend drone attack on Russia, which included attacks on Russian oil refineries. Trump has been calling for Ukraine to halt attacks on Russia’s oil infrastructure and reportedly […]

The financial analyst Richard Daughty, whose pen name was Mogambo Guru, passed away four years ago, but while he was alive, he produced spot-on criticisms of the US government and its inflation rocket fuel booster, the Federal Reserve System.