Key Events This Week: All Eyes On The First CPI Print Over 4% In 3 Years

SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War Perhaps indicative of the fragility of the current rebound - as Software stocks have recently ripped higher for 8 straight days - SaaS stocks are all deeply in the red after-hours as ServiceNow - the potential poster-child for AI disruption - cut its margin outlook amid lackluster results, sending shares reeling. At first glance, it was a good print - the provider of business task management software posted first-quarter adjusted earnings of 97 cents a share, which was in-line with Wall Street...

Iran Deploys Combat-Ready Mini Subs In Hormuz As US Flexes Nuclear Submarine En Route Rival submarine threats have emerged Monday amid the ongoing Strait of Hormuz showdown and as President Trump has said the ceasefire with Iran is on "massive life support". A US Navy nuclear-armed submarine has arrived in Gibraltar while en route into the Mediterranean Sea and likely Central Command or Middle East regional waters, in a very rare Pentagon admission of the whereabouts of one of America's most secretive weapons. Source: GBC News "The port visit demonstrates U.S. capability, flexibility, and...

Trump Declares Hormuz 'Never Again' Closed By Iranians, State Media Quickly Calls BS In New Threat Summary Trump Praises Iran for Fully Reopening Hormuz Chokepoint; Crude Tanks, Yields Dump, Equity Futs Up; Follows by claiming Iran will 'never again' close it; FARS soon after contradicts in fresh threat. Iran's Aragchi says "Strait of Hormuz is declared completely open". However, Iranian official tells FARS: "If the maritime blockade continues, it will be considered a violation of the ceasefire, & the Strait of Hormuz transit route will be closed." US mulls cash-for-uranium deal as 'three-page'...