Oh, So This Is Why Luigi Mangione Pleaded Guilty...

Trump Set To Suspend Jones Act To Help Tame Oil Prices One day after the Trump administration flip-flopped on using the Strategic Petroleum Reserve (SPR) - eventually deciding to release 172 million barrels to try and counter the rising price of oil, they're now planning to issue temporary waivers for a century-old maritime law, the Jones Act, that requires American-built ships to be used to transport goods between US ports, in yet another attempt to control crude.  Under the plan, 30-day waivers would be issued that would allow foreign tankers to help supply refiners on...

Bank of Canada Keeps Rates On Hold As It "Looks Through War's Immediate Impact On Inflation" As expected, the Bank of Canada - which was the day's first G5 central bank to hit the tape ahead of the Fed's decision at 2pm ET - held interest rates unchanged at 2.25% as expected, saying adjustments to borrowing costs would likely be small if the economy and inflation evolve as expected, while stating that it is looking through the war's immediate impact on inflation but will not let higher energy prices become persistent...

President Trump on Monday renewed his threats against Iran, saying that if a deal isn’t reached, the US will “finish the job” and target Iran’s bridges and energy infrastructure. “We’re either going to make a deal or we’re going to finish the job. OK. And it won’t ​be tough to finish the job. I’d rather […]