The Unfinished Revolution: When Rights Become Privileges

JPM's Dimon Warns Of "Skunk At Party," Talks Credit Cycles, Touts U.S. Military Power JPMorgan CEO Jamie Dimon began his annual shareholder letter on Monday by tying the bank's legacy to the nation's history: "In 2026, America is celebrating its 250th anniversary. This year, we are also celebrating the 227th anniversary of JPMorgan Chase, which was founded in April 1799." Quick Summary  Dimon used his annual letter to tout another year of record financial results, while warning that investors may be underestimating the risks building across the global economy. These risks include...

Futures Drop As Oil, Yields Rise On Relentless War Headline Ping-Pong Futures are lower but well off session lows, as overnight headlines induced another bout of aggressive choppiness: those headlines include strikes on Iranian gas facilities, Saudi and UAE considering entering the war, Iranian lawmaker ruling out US negotiations, and then reports of Iran / Egypt discussions on the region pointing toward mediation.As of 8:00am ET, S&P futures were down 0.2%, but moves are staggered jittery and extremely illiquid, and swung earlier between gains and losses. Nasdaq futures are down...

Russia Bans Jet Fuel Exports As Ukrainian Attacks Cripple Refining Russia is banning exports of jet fuel through November 30, 2026, as it seeks to ensure domestic supply amid intensifying Ukrainian drone attacks on the Russian refining infrastructure, OilPrice.com reported. Russia on Monday announced it is temporarily banning jet fuel exports until the end of November to keep sufficient domestic aviation fuel supplies. Supplies under intergovernmental agreements are exempted from the ban, the Russian government said today. The decision comes after drone strikes on refineries pushed Russia’s crude-processing rate to the lowest...