Trump Threatens Iran With Bombing at ‘Much Higher Level’ If It Doesn’t Agree to US Deal

President Donald Trump dismissed a War Powers Act resolution that aimed to end the war against Iran as meaningless.  “Yesterday, in a meaningless vote, the House voted, 4 bad Republicans and all of the Dumocrats, to limit my War Powers, right in the middle of my final negotiations to end the War with the Islamic […]

SpaceX Shares Fall Below $135 IPO Price, But The Real Story Is Its Bonds SpaceX has slipped below its much-hyped $135 IPO price, and down 40% from the all time high hit during the June 15th gamma squeeze when the stock surged above $220 if ovenright trading, an "inevitable outcome" according to Bloomberg, which lends some validation to the skepticism surrounding "a valuation that always relied more on imagination than observable fundamentals." Wall Street’s price target estimates spanned from roughly $60 to $800 (from Raymond James), a forecast that was 5x...

China Economic Growth 'Downside Risk' Looms; Goldman Warns After July Macro-Miss-Fest China’s July activity data weakened from June, missing market expectations across the board, and signaling a soft start to Q3 amid continued divergence between resilient exports and subdued domestic demand. Originally slated for publication late last night (US time), the data release was delayed for five hours after the statistics agency revised its schedule in a break with recent practice. Industrial production (IP) growth slowed to 4.5% yoy in July from 5.3% yoy in June, reflecting slower export growth and...