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Beijing Flip-Flops, Asks Banks To Pause Loans To Sanctioned Refiners Days After Ordering Them To Ignore Sanctions
Beijing Flip-Flops, Asks Banks To Pause Loans To Sanctioned Refiners Days After Ordering Them To Ignore Sanctions
Over the weekend, we reported that in what some called a "watershed moment", Beijing ordered Chinese companies not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, deploying for the first time a blocking measure introduced in 2021 that was aimed at protecting its firms from foreign laws it deemed unjustified. Of note, China's refiners - including Hengli Petrochemical (Dalian) Refinery which was sanctioned last month and several other...
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May 7, 2026 / Tyler Durden
Inflation Expectations Jump To 3 Year High As Financial Pessimism Surges: NY Fed Survey
Inflation Expectations Jump To 3 Year High As Financial Pessimism Surges: NY Fed Survey
Ahead of tomorrow's jobs report which is expected to show a substantial slowdown from last month's 178K surge, moments ago we got another reminder that the stagflationary iceberg remains front and center ahead of the US, after the NY Fed's latest monthly survey of consumer expectations reported that Inflation expectations at the one-year horizon rose again to 3.64% in April from the previous month’s 3.42%, the highest since September 2023. Inflation expectations were unchanged at 3.15% for...
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May 22, 2026 / Tom Wilson
The Economic Problem Behind Zohran Mamdani’s Government Grocery Plan
Zohran Mamdani’s proposal reflects a growing belief that economic problems can be solved through public ownership and political management. But a grocery store is still a business governed by costs, and economic reality regardless of who owns it.
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May 19, 2026 / Dave DeCamp
Israeli Strike on Gaza City Kills One Palestinian as Constant IDF Ceasefire Violations Continue
An Israeli airstrike on a car in Gaza City on Tuesday killed at least one Palestinian as the Israeli military continues its constant violations of the US-backed ceasefire deal. According to the Palestinian news agency WAFA, the strike hit a vehicle on al-Shuhada Street in the western part of the city. An Israeli drone attack […]
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