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Stocks Drift As Chips Extend Gains, Oil Slides On Positive US-Iran Talks
Stocks Drift As Chips Extend Gains, Oil Slides On Positive US-Iran Talks
Futures are modestly lower coming off the US holiday weekend, after equities finished higher last week with both Dow and Russell clocking new ATHs and SPX finishing in the green for the 11th time in the last 12 weeks. As of 8:00am ET, S&P 500 futures edged down 0.1% while Nasdaq 100 contracts are higher by 0.1% with chips outperforming as usual while hyperscalers, aka "check payers" down as all Mag 7 are lower with TSLA (-1.4%) and GOOGL...
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May 5, 2026 / Dave DeCamp
Trump Says US Military Operation To ‘Guide’ Ships Out of the Strait of Hormuz Is Paused
President Trump said in a Tuesday night post on Truth Social that the US military operation to “guide” commercial ships out of the Strait of Hormuz, which he has dubbed “Project Freedom,” has been paused. “Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign […]
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Apr 1, 2026 / Tyler Durden
Johnson Caves To Thune On DHS Funding: Accepts Senate's Partial Bill That Ditches Voter ID, Leaves ICE Out In The Cold
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In a clear concession announced April 1, 2026, House Speaker Mike Johnson (R-LA) yielded to Senate Majority Leader John Thune (R-SD) and agreed to advance the Senate-passed bill funding most of the Department of Homeland Security (DHS) - explicitly excluding ICE and key CBP enforcement operations - while moving long-term immigration enforcement and border security funding to the partisan reconciliation process.
This is the same bill that Johnson and House R's rejected...
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Apr 8, 2026 / Tyler Durden
Watch Live: White House Addresses Fragile Iran Truce
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All eyes are on the very shaky Iran ceasefire, at a moment Tehran is already threatening to pull out due to heavy Israeli attacks on Lebanon. Iran says it has again halted Hormuz oil transit, and there's much that's still up in the air and uncertain. The briefing with press secretary Karoline Leavitt is expected to begin at 1300ET:
Washington and Tehran have just entered a two-week ceasefire, brokered by Pakistani mediation, aimed at negotiating a broader settlement following over a month of brutal...
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