Oil Soars To Six-Week Highs Amid Trump Threats, US Production Dip, & 'Tank Bottoms' At Cushing

Gunman Kills Canadian Tourist At Popular Mexican Pyramid Site Local Mexican outlet Milenio reports an "armed attack" at the Teotihuacan archaeological site, located in central Mexico about 25 miles (40 kilometers) northeast of Mexico City, in the State of Mexico. Details are scant, but preliminary reports say the attacker climbed the Pyramid of the Moon and fired at tourists. "Confirmed that the fatality from the armed attack at the Teotihuacan Archaeological Zone is of Canadian nationality," Milenio wrote on X around 1513 local time. 🔴 #ÚLTIMAHORA | Confirman que víctima mortal por ataque...

Newsom Announces He's Being Investigated By Trump Justice Department California Gov. Gavin Newsom announced Monday that the Department of Justice has opened an investigation into him and his wife, claiming the probe is political retaliation as he weighs a bid for president in 2028. "In recent days, federal agents have knocked on the doors of family, friends, and former employees, not because they found a crime, because they're simply trying to find one," Newsom said in a video posted to X. In recent days, federal agents have knocked on the doors of...

Futures Rise Despite Oil Spike And Ongoing Korean Collapse, Ahead Of Fed, Meta And Microsoft US equity futures are higher, overlooking both tech-led declines in Asia which saw the Kospi crash as much as 13% and trigger a second consecutive 20 minute market-wide halt, and the 5% jump in oil prices which has pushed Brent over $88. As of 7:30am ET,  S&P 500 and Nasdaq 100 contracts are each up 0.2%, reversing sharp overnight losses, with tech flipping from laggard to leader and reversing (for now) a chip rout overnight which...