Futures Fall, Chipmakers Tumble After Samsung Rout; Oil Climbs

John Bolton To Plead Guilty In Documents Case, Pay $2M Fine: Report John Bolton, former national security adviser to President Donald Trump, has reached a plea deal with federal prosecutors and is expected to plead guilty to one count of illegal retention of sensitive national security documents, according to CNN, citing three sources familiar with the matter. Under the agreement, Bolton will pay a fine of more than $2 million. A single count of illegal retention carries a possible sentence of up to 60 months in prison. A court hearing is currently scheduled for...

First Major Weather Organization Declares El Nino Onset As Food Inflation Risks Intensify For months, we have warned readers that the probability of El Niño formation was rising, with downstream risks across critical agricultural growing belts. That forecast has now moved from a risk scenario to reality, as the first major weather body has formally declared the onset of this warming pattern in the equatorial Pacific, threatening to disrupt rainfall, temperatures, crop yields, power demand, and commodity flows into year-end. Bloomberg commodity expert Javier Blas wrote on X, "The Japanese...

A senior Iranian official said President Donald Trump’s maximalist demands and erratic behavior are harming the diplomatic process.  “Our assessment is that Trump effectively lacks both a coherent plan and the capacity to secure even a temporary agreement. His decision-making appears to be grounded in Israeli political and security assessments, conveyed to him on a […]