Iran Says Strait of Hormuz Is Closed, Trump Claims It’s Open for Commercial Shipping

Bank Stocks Slide On Resurgent Agentic Fears It used to be software that was the first casualty of fears of AI disruption. Today, it's the banks. In a generally flat (and higher for tech stocks) market landscape, banks are conspicuously underperforming today, prompting questions what's the reason for the underperformance.   According to some traders, the reason is the market's newfound obsession with the latest shiny agentic models that are taking the world by storm. As Goldman trader Gaelle Jarrousse writes, she is noting the agentic hit on bank and insurance stocks. She lays...

Obama-Appointed Judge Dismisses Federal Government's Lawsuit Challenging Los Angeles Sanctuary City Policy Authored by Aldgra Fredly via The Epoch Times, A California judge has dismissed the federal government's legal challenge to Los Angeles's sanctuary city ordinance that restricts the use of city resources to assist federal immigration enforcement. People in the audience hold up signs as the Los Angeles City Council considers a "sanctuary city" ordinance during a meeting at City Hall in Los Angeles on Nov. 19, 2024. Etienne Laurent/AFP via Getty Images U.S. District Judge Fernando Olguin of the Central District...

US Intel Aided Mexican Special Forces In "El Mencho" Kill As Spillover Risks Rise The Sunday killing of Nemesio "El Mencho" Oseguera Cervantes, the leader of Jalisco New Generation Cartel (CJNG), by Mexican security forces unleashed coordinated cartel retaliation attacks, driving rapid instability across Guadalajara (Jalisco's capital) and spilling into high-traffic resort areas, including Puerto Vallarta. CNN reported that the US provided intelligence support to Mexican Army Special Forces, aided by aircraft and the National Guard's Immediate Reaction Force, during the operation to capture Oseguera. The operation, however, devolved into a...