India Panics, Further Tightens Gold Flows As Rupee Collapses

White House Cancels Coverage For 750,000 ACA Enrollees, Citing Fraud Vice President JD Vance said Tuesday that about 750,000 people on Affordable Care Act plans were never entitled to the coverage, and that pulling their subsidies will save taxpayers $2.2 billion. Mehmet Oz, who runs the Centers for Medicare and Medicaid Services, stood with him. The savings number is an administration estimate. The Congressional Budget Office has not scored it. CMS had already acted. Rulemaking documents posted Tuesday in the Federal Register say the agency canceled 315,000 marketplace policies on Aug....

President Trump said in a Tuesday night post on Truth Social that the US military operation to “guide” commercial ships out of the Strait of Hormuz, which he has dubbed “Project Freedom,” has been paused. “Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign […]

Winter Is Coming: Europe Faces Twin Diesel And NatGas Crunch Samantha Dart, co-head of global commodities research at Goldman Sachs, began the week by telling Bloomberg TV that the global diesel-supply crunch is "what keeps her up at night." She followed up Wednesday with a client note warning that European natural gas storage levels are also lagging the seasonal average ahead of the winter heating period. Benchmark TTF futures have fallen 7% this week to about 54 euros per megawatt-hour, but Dart maintained her 60-euro balance-of-third-quarter forecast. She noted that...