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

We're "Ending The Days Of Hiding Fraud": Bessent Goes After Dark Money In Nonprofits Authored by Stu Cvrk via American Greatness, On April 23, the US Treasury Department announced that the IRS plans to revise Form 990—the annual information return filed by tax-exempt organizations—to improve transparency and strengthen oversight, specifically targeting reporting on government contracts, government grants, and fiscal sponsorship arrangements. The stated goals are to detect misconduct and hold wrongdoers accountable. Treasury Secretary Scott Bessent put the matter bluntly: “We are ending the days of hiding fraud, abuse, and extremist activity behind...

EV Demand Surges Across Asia After Energy Shock Sends Consumers Into Panic Mode One of the biggest takeaways in global energy markets this week is the growing fragmentation. Brent crude in Asia has surged to over $150 a barrel, with demand destruction already emerging, and China and India facing the greatest pressure given their heavy reliance on Gulf crude. Meanwhile, the Trump administration has moved to release barrels from the Strategic Petroleum Reserve to help cap WTI prices below triple digits, with US crude currently trading around $94 a barrel. And...

Pentagon Initiates Second Strike Wave Of Day After Iran Again Snubbed New Talks Summary Pentagon announces second wave of strikes later Wednesday, the after initial 90-minute attack to start the day. Trump threatens wider strikes unless Iran returns to talks - says attacks to 'expand' next week. Wednesday saw 5th strait day of US bombardment on chiefly Iranian coastal sites. Iran hits US-Gulf bases and warns on regional oil exports, says it is in 'control' of Hormuz Strait. No evidence de-escalation: Tehran rejects talks and vows more retaliation. Will the U.S. invade Iran before 2027? Yes 17% · No...