Katz Says the US Hasn’t Asked Israel To Withdraw from Lebanon

Israeli strikes on Lebanon escalated again on Saturday, with at least 22 people killed and dozens of others wounded in various attacks across the country. The IDF also issued evacuation orders for an additional nine villages, and reported having launched strikes on 85 different targets across Lebanon. The deadliest strike was against the town of […]

Largest US Power Grid Declares Emergency To Prevent Blackouts A mega heat dome is set to descend on the eastern half of the U.S., prompting the Energy Department to issue two emergency orders to reduce the risk of rolling blackouts in the Mid-Atlantic area as PJM Interconnection braces for record power demand. DOE's first order directs the PJM region, which serves 67 million people across 13 states, "to dispatch specified units and to order their operation as needed to maintain reliability." PJM has implemented several alerts and actions to maintain reliable...

Futures, Bonds Surge On Optimism War May End, Oil Tumbles Below $100 Futures and bonds jump and oil fell, sending Brent briefly below $100 a barrel, as the de-escalation/technical/macro led relief rally continues on hopes of the Middle East conflict reaching an end soon  after Donald Trump said he expects the war in Iran to end in two to three weeks, and indicated that it was possible that Iran could still reach a deal with the US during that timeframe. Trump has a national address tonight at 9pm ET to...