Stock Rally Pauses As Attention Turns To Warsh's First FOMC

Trump Says Iran Violated Ceasefire With Hormuz Drone Attack On Cargo Ship Update (11:55am ET): While today's announcement by Dubai that the UAE was under missile attack proved to be a false alarm, the US ceasefire it nonetheless becoming increasingly unstable. Following yesterday's attack by Iran drones on a cargo ship next to Oman, we were wondering how long until Trump responds (and how), and he did just that moments ago when he posted on Truth Social that Iran shoting "at least four One Way Attack Drones at Ships transversing the...

Next week, the Senate is expected to vote on a War Powers Resolution aimed at preventing a US attack on Cuba amid reports that the Pentagon is ramping up preparations for a potential war against the island nation. The bill, S.J.Res. 124, was introduced last month by Senators Tim Kaine (D-VA), Adam Schiff (D-CA), and […]

UBS Says Transport Stock Rout Is "Overdone" After Amazon News UBS senior analyst Tom Wadewitz, who covers freight transportation, told clients that Amazon's latest push to open its supply chain network to businesses beyond its own marketplace triggered an "overdone" sell-off in transport names, including UPS, FedEx, and C.H. Robinson. Wadewitz said the risk is not new, noting that Amazon's supply chain service has been around since 2023. He said the pullback has created attractive entry points in select transport stocks, particularly UPS, FedEx, and C.H. Robinson. "While we view AMZN's...