Key Events This Holiday-Shortened Week: Jobs, Warsh In Sintra, ISM, ADP

Metal Shock: Gulf's Largest Aluminum Producer Declares Force Majeure A little more than a week after Emirates Global Aluminum (EGA), the Gulf's largest aluminum producer, halted operations at its Al Taweelah smelter following Iranian missile and drone strikes, EGA has now declared force majeure on parts of its contract book, signaling that supply chain disruptions are spreading beyond energy markets and into industrial metals. Bloomberg obtained new documents showing that EGA invoked force majeure clauses to suspend at least some deliveries after Iranian drone and missile strikes damaged the Taweelah smelter...

Communist Hasan Piker Blames "Homo-Fascism" After Scott Wiener Crushes His Preferred SF Candidate Far-left Turkish-American millionaire and Twitch streamer Hasan Piker lashed out during a Tuesday livestream after his friend, San Francisco congressional candidate Saikat Chakrabarti, was badly defeated in the primary race to succeed Nancy Pelosi. Chakrabarti, a former aide to the unhinged socialist NY Rep. Alexandria Ocasio-Cortez, spent $10 million of his own money but was polling around 15% with about half the vote counted.  Piker strangely blamed Chakrabarti's poor performance on San Francisco's urban layout and car dependency, despite...

A drone hit a US-owned liquefied natural gas storage tanker in the Egyptian port city of Damietta, Reuters reported on Wednesday, citing the British maritime security firm ‌Ambrey. The incident could signal a widening of the US-Iran war, though at this point it’s unclear who was responsible. Sources told Reuters that the drone hit the […]