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U.S. Gasoline Tops $4.50 As "Shock & Awe" Level Approaches

U.S. Gasoline Tops $4.50 As "Shock & Awe" Level Approaches WTI futures plunged more than 11% to the $90-a-barrel level after Axios reported earlier this morning that the U.S. is nearing a preliminary agreement with Iran to end the war. The sharp decline suggests traders are beginning to price in a potential geopolitical de-escalation and the potential reopening of the Hormuz chokepoint. At the pump, however, the latest AAA data as of Wednesday morning show that the national average for regular 87-octane gasoline has climbed to $4.50 a gallon, the...
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May 4, 2026 / Tyler Durden
Ukrainian Drone Hits Moscow Luxury Tower, Miles From Kremlin
Ukrainian Drone Hits Moscow Luxury Tower, Miles From Kremlin A Ukrainian one-way attack drone struck a high-rise apartment building in Moscow in the early hours of Monday, causing no reported casualties and only limited damage. The strike occurred just miles from the Kremlin, highlighting Ukraine's long-range drone strike capabilities. The New York Times reports that the drone strike comes five days before Russia's May 9 Victory Day parade, which has already been scaled back due to the growing drone threat. Moscow Mayor Sergei Sobyanin said there were no casualties, but footage posted...
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Apr 13, 2026 / Tyler Durden
Master And Commander-In-Chief
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Apr 16, 2026 / Tyler Durden
"It's Really Illiquid": Goldman COO Warns Retail About Private Credit And The "Perception Of Liquidity"
"It's Really Illiquid": Goldman COO Warns Retail About Private Credit And The "Perception Of Liquidity" Speaking at Semafor’s World Economy event in Washington, D.C., President and COO of Goldman Sachs John Waldron warned that some managers have oversold how easy it is to get money out—especially to retail investors, who’ve helped balloon the market into a $1.7 trillion behemoth just as the space faces growing scrutiny and tighter conditions, according to Semafor. “Not everybody has marketed their product as clearly as, certainly we would like to see with the clarity that...
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