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Hormuz Shock "Manifesting Itself In Cracks, Not Crude," Jefferies Says
Hormuz Shock "Manifesting Itself In Cracks, Not Crude," Jefferies Says
Brent crude futures held near recent highs of $90 a barrel before fading to around $87 early Thursday morning, as traders awaited progress toward reopening the Strait of Hormuz. Stalled US-Iran negotiations and tightening global fuel supplies continued to support prices and concern some top energy experts, who warn of a looming supply shock.
US-Iran talks remain deadlocked to end the week as the Trump administration maintains its blockade of Iranian ports and Tehran demands compensation for war-related damage. Pakistan, which...
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Sep 3, 2026 / Kyle Anzalone
Trump Says He Will Request Europe Pay for Weapons Sent to Ukraine Under Biden
President Donald Trump is asking Europe to pay the US billions of dollars for military aid sent to Ukraine under the Joe Biden administration. “Also, please let it be known, that the Biden Administration gave far more Munitions away to Ukraine, at no cost to them, whatsoever, than we have used in Iran,” the President […]
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Jun 8, 2026 / Tyler Durden
10 Enduring Lessons From Adam Smith
10 Enduring Lessons From Adam Smith
Authored by Nikolai G. Wenzel via The Daily Economy,
Adam Smith (1723-1790) is widely considered to be the father of modern economics. There were precursors, such as the School of Salamanca and the French Physiocrats, but Adam Smith's 1776 magnum opus, "An Inquiry Into the Nature and Causes of the Wealth of Nations," was the first comprehensive treatise.
A statue of Adam Smith in Edinburgh, Scotland, in a file photo. Travel Telly/Shutterstock
In this 250th anniversary year, much ink will be spilled - and with good reason...
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Aug 4, 2026 / Tyler Durden
Darline Graham Stumbles Out Of Gate In Bid For Lindsey's Senate Seat
Darline Graham Stumbles Out Of Gate In Bid For Lindsey's Senate Seat
In recent years, few forces in electoral politics have been as potent as an endorsement from Donald Trump. However, the first polls in the special South Carolina primary race for the Senate seat that was held by the late Lindsey Graham shows his sister Darline is in second place, with half of GOP voters saying her Trump endorsement is irrelevant to them. Graham's campaign faces other headwinds, as many South Carolina Republicans aren't enthusiastic about turning one of...
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