Cost Of California's High-Speed Rail Goes Up Again

Israeli officials told The New York Times on Thursday that the attack on Iranian facilities linked to the South Pars gas field was coordinated with the US, despite President Trump claiming the US “knew nothing” of the plans to strike the energy infrastructure. The South Pars gas field, shared by Iran and Qatar in the […]

Stocks, Bonds Slide As Ceasefire Hopes Fade It's Day 27 of the war: stocks and bonds fell globally as ceasefire optimism fades given mixed messages on progress toward ending the war in Iran and growing uncertainty over Iran’s willingness to engage in talks about a ceasefire in the Middle East sent oil prices higher. Futures gapped lower just after 5am ET, when Axios reported that the Pentagon is developing military options for a “final blow” in Iran that could include ground troops.  Trump urged Iran “to get serious” before it was too late...

Core US Factory Orders Better Than Expected In December While sentiment is sagging to multi-year lows, 'hard' data is helping support growth forecasts (GDPNOW) and holding stocks at record highs. This morning we get a fresh glimpse at America's manufacturing segment - hard data - with Orders data (which is expected to drop MoM in December). After surging higher in November (+2.7% MoM), analysts expected US Factory Orders to drop 0.6% MoM in December but the actual print disappointed, dropping 0.7% MoM Source: Bloomberg Interestingly, Core Factory Orders rose 0.4% MoM - better than...