Trump Suggests He Could Restart Yemen Bombing Campaign in Response to Red Sea Blockade

Secretary of War Pete Hegseth traveled to the US military base at Guantanamo Bay and threatened to attack the Cuban government if it acquired weapons that could strike the American military facility or homeland.  “It would be unwise of the government of Cuba to try to procure or get access to the types of weapons […]

Key Events This Holiday-Shortened Week: All Eyes On Friday's CPI After Friday's blowout jobs report, attention now turns to inflation. Economists expect headline CPI (Friday) to rise by +0.4% month-on-month in August, up from +0.07% previously, while core CPI is expected to print at +0.2% month-on-month, broadly unchanged from July’s +0.22%. Higher gasoline prices are likely to support the headline reading, while core inflation should continue to benefit from gradually moderating shelter costs (which however are turning higher again per Case-Shiller). If realized, the forecasts would leave headline CPI broadly...

Goldman, JPM Block China, Hong Kong Investors From SpaceX IPO SpaceX's institutional roadshow kicked off Thursday, with JPMorgan CEO Jamie Dimon hosting a "live interactive discussion" for ultra-wealthy clients across 90 JPM locations in 26 states. Shortly after, SpaceX's IPO slide deck was made public, likely in a bid to supercharge retail demand for what could be the largest public listing in history. However, one key investor pool appears to be shut out: China and Hong Kong. Bloomberg News reports that SpaceX's underwriters have blocked investors in China and Hong Kong...