Bank Of Canada Warns Markets More Vulnerable To Sharp Correction Due To AI Concentration, Basis Trades

Europe Capitulates, Sees Iranian Hormuz Fee Collection As 'Inevitable'  Europe capitulates at a moment Washington and Tehran (and possibly Oman) continue to be directly at odds over how future shipping traffic through the Strait of Hormuz energy chokepoint will be administered. Bloomberg reports Thursday, "Some leading European powers now accept that ships transiting the vital Strait of Hormuz will have to pay fees to Iran and Oman, according to people familiar with the matter." "The prospect of some sort of service fee in the aftermath of the US and Israeli war with...

Trump Weighs Federal Challenge To Mamdani's Socialist Tax "Experiment," Warns It Will Doom NYC Summary: Trump Weighs Federal Challenge to New York Pied-à-Terre Tax Judge Temporarily Blocks Mamdani's Socialist Tax Scheme Trump Weighs Federal Challenge to New York Pied-à-Terre Tax President Trump said in a Truth Social post around lunchtime that his administration is examining whether the federal government has the legal authority to block NYC Mayor Zohran Mamdani's dangerous political "experiment" before it can "destroy what was once a great City and State." "It is pure Amateur Hour, and it's hard, as President of...

President Trump on Wednesday downplayed Iranian attacks that targeted US bases in Kuwait and Bahrain, saying they may have been “slightly provoked” since the US launched strikes against Iran beforehand. “There’s a reason for everything, and we hit them pretty hard last night,” the president told reporters in the Oval Office. “Some people would say […]