Ukraine Launches Major Drone Attack on Russia, Killing Four Civilians and Knocking Out Power in Sevastopol

Diverging Markets And Converging Talks? By Teeuwe Mevissen, senior macro strategist at Rabobank Financial markets continue to navigate an increasingly complex macro landscape, defined by the interaction of geopolitical shocks, resurgent inflation pressures, and diverging central bank responses. The key theme remains the tension between resilient risk assets—particularly equities—and a more cautious signal emanating from fixed income markets. This divergence reflects a broader uncertainty about the persistence of inflation and the implications for monetary policy and economic growth. Meanwhile Iranian and U.S. negotiators have concluded an initial round of high-level talks in...

Ukrainian President Volodymyr Zelensky said he was asked by some allied nations to halt attacks on Russian oil infrastructure amid the US and Israeli war against Iran. The Middle East conflict has resulted in damage to energy infrastructure in a number of countries, and Tehran has closed the Strait of Hormuz.  Speaking with reporters via […]

The Most Splendid Housing Bubbles In America Authored by Wolf Richter via Wolf Street, In 27 of the 33 big and expensive cities we track here, mid-tier home prices in March were down from their respective peaks in prior years, led by Austin (-26%), Oakland (-25%), and New Orleans (-19%). Now also filtering into these mid-tier home prices is the “mansion shortage” in San Francisco, the epicenter of the AI investment bubble. Total employment in the city dropped and the unemployment rate ticked up. But a relatively small number of super-highly paid...