When Will The Cattle Cycle Turn? BofA Has Answers For Beef Lovers

China Wants Iran War End, Pushes 'Immediate' Hormuz Reopening During Araghchi Visit Ahead Of Trump-Xi Summit Iranian foreign minister Abbas Araghchi is currently in Beijing meeting with his Chinese counterpart, FM Wang Yi, and the timing of the visit sends a resounding message to Washington and the West. The highly anticipated Trump-Xi meeting is still scheduled for next week, expected for May 14-15, though there has been ample speculation the ongoing events of the unpredictable Iran war and Hormuz Strait crisis could derail the trip at the last minute. Of course,...

AI Spend Lifts Core US Durable Goods Orders Rise For 17th Straight Month In August With PMIs soaring to multi-year highs earlier in the week, US durable goods orders were expected to be mixed in preliminary August data. And mixed it was (with plenty of revisions)... the headline print was unchanged MoM (better than the 0.3% MoM decline expected) with a small revision lower for July. Boeing reported fewer orders in August compared with the prior month. However, Ex-Transports disappointed, rising just 0.3% MoM (half the expected 0.6% MoM rise) with a revision...

About 2,040 Pounds Of Cocaine, 5,800 Pounds Of Marijuana Seized At Sea Authored by Naveen Athrappully via The Epoch Times, U.S. authorities have seized about 2,040 pounds of cocaine and almost 5,800 pounds of marijuana in three separate maritime interdictions carried out with international partners. Action by JIATF-S and Costa Rican authorities led to the capture of a boat allegedly involved in drug smuggling. Courtesy of the JIATF-S The most recent interdiction involved the Joint Interagency Task Force (JIATF) South and Panama's National Aeronaval Service intercepting a go-fast vessel following a rapid aerial...