Key Events This Holiday-Shortened Week: PCE, Durables, Consumer Confidence And Fed Speakers

Big Oil Tankers Abruptly U-Turn Toward Hormuz Ahead Of US-Iran Peace Deal Signing Ahead of the formal signing of the US-Iran peace deal on Friday, Brent crude futures briefly fell below $80 a barrel, as traders priced a quicker pace of supply flows that could normalize in the Gulf area as the Strait of Hormuz moves toward reopening. That is welcome news on the US inflation front, with lower crude prices helping ease pressure across gasoline, diesel, freight, and other input costs. Back in the Gulf region, early maritime signals suggest...

Iran Warns US Of 'Infrastructure For Infrastructure' War, Will Control Hormuz As 'Unbreakable Red Line' Since the prior day's handover of American detainee Dena Karari back to the US, which President Trump said he "appreciated" as a rare "gesture of goodwill" from Iran, Washington's bombs over the Islamic Republic appear to have ceased or slowed, for now at least. But that doesn't mean Iran's retaliatory missiles and drones on America's Gulf allies have halted. On Thursday, Kuwait has announced its air defenses continue to be active, confronting inbound assaults by "hostile drones". Screengrab of IRGC...

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.