Supreme Court Rejects Challenge To Trump's First-Term Tariff On China

Deregulate To Regulate Submitted by Molly Schwartz, Cross-Asset Marco Strategist at Rabobank We have maintained the view that markets are sorely underestimating the impact that the war in Iran will have on global economies and financial markets, and that one day there would come a reckoning. While markets are still highly volatile and the situation in the Middle East highly uncertain, yesterday’s price action suggested that some traders are getting a reality check. Remember folks, we’re still in a ceasefire! The iffy terms as to whether other countries in the region like Israel,...

Mortgage Rates Hit 9-Month High, Freezing Out Homebuyers In Peak Season The average rate on a 30-year fixed mortgage climbed to its highest level since August, threatening to derail the spring selling season as higher Treasury yields and renewed inflation pressure push loan costs higher and freeze more prospective buyers out of the market. Freddie Mac data released Thursday show the 30-year fixed mortgage rate for the week ending May 21 jumped to 6.51% from 6.36%, the highest rate since Aug. 28, 2025. Soaring mortgage rates stem from turmoil in the Gulf...

US-Sanctioned Tanker Signaling Chinese Ownerships Test Trump Blockade With Hormuz Crossing Following news that two tankers, one of which indicated China as its destination, had turned around earlier in the day after the Trump blockade of the Straits of Hormuz had kicked in, one of them - a tanker linked to China - is making its way through the Strait of Hormuz, testing President Trump’s naval blockade, Bloomberg reported. Rich Starry, a 188-meter medium-range tanker earlier known as Full Star, was blacklisted by Washington in 2023 for helping Tehran evade energy...