Fed Holds Rates Unchanged (As Expected), 'Dots' Signal Hawkish Bias As Warsh Takes Over

Norwegian Cruise Cuts Outlook On Gulf Disruptions, Fuel Shock Norwegian Cruise Line Holdings shares fell in premarket trading in New York after the cruise ship operator lowered its full-year 2026 outlook, as disruptions in the Middle East, higher diesel costs, and softer travel demand in Europe weighed on first-quarter bookings. "The Company is experiencing headwinds related to disruptions in the Middle East, including higher fuel expense and signs of softer demand as consumers reevaluate travel plans, particularly to Europe," Norwegian Cruise wrote in a press release. It continued, "As previously noted,...

Bitcoin Mining & The Electricity Grid: A Quiet Savior Authored by Joakim Book via The Mises Institute, With all eyes on the winter storm raging through America last month, a silent hero was working in the background to keep the lights on. And I don’t primarily mean the emergency workers or the teams of electricians, foresters, and engineers that keep the power lines up and ice-free; these guys operate very much in the foreground, the public well aware of their critical work. Before and during winter storms, the electricity supply becomes strained and household demand...

Europe's Electrification Dream Is Hitting A Wall Authored by Gisele Widdershoven via OilPrice.com, Europe’s electrification strategy is ambitious but constrained by lagging grid infrastructure, creating bottlenecks that are already delaying industry and investment. Massive funding needs—running into trillions—combined with regulatory complexity and slow buildouts are exposing a gap between policy ambition and physical reality. Without better coordination, prioritization, and financing, Europe risks higher costs, weaker competitiveness, and a stalled energy transition. The message given by Ursula von der Leyen to electrify the European economy is strategically coherent, politically appealing, and, on the surface, even...