JPM Tried $1 Million Payoff To Bury Banker's Sexual Assault Claims Before Daily Mail Bombshell

Trump Privately Told Zelensky To Act 'More Boldly' Toward Russia: Ukrainian Media While the globe's attention has been fixated on efforts to finally achieve US-Iran peace, based on negotiations in Switzerland, the Russia-Ukraine war has been quietly (or not so quietly) heating up, as evidenced in the increasingly brazen Ukrainian drone attacks on Moscow and Crimea. A slew of Ukrainian publications on Tuesday are reporting that this is in large part due to a White House greenlight to bring the war to Russian territory, in order to finally get significant concessions...

Trump Fires Pam Bondi As Attorney General, Blanche To Be Acting AG Update (1315ET): President Donald Trump has ousted Attorney General Pam Bondi, multiple outlets report. Deputy Attorney General Todd Blanche is serving as acting AG in the interim. The move comes amid White House frustration with Bondi’s leadership at the Justice Department -  particularly her handling of the Jeffrey Epstein files and what Trump viewed as insufficient aggression in targeting his political opponents. Trump had privately discussed firing her and floated EPA Administrator Lee Zeldin (or Blanche) as a possible replacement. Bondi...

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...