Mark Walter Probe Puts Wall Street's Insurance-Private Credit Machine Under DoJ Scrutiny

Domino's US Sale Growth Hits Five-Quarter Low As Budget Diners Pull Back Domino's Pizza posted its softest US comparable-sales growth in five quarters as inflation and the national average price for regular gasoline above $4 a gallon pressured working-poor consumers. Second-quarter same-store sales rose a measly .1%, in line with estimates but trailing the growth expected across much of the quick-service restaurant industry (QSR). Snapshot of 2Q earnings results (courtesy of Bloomberg): Total domestic stores comp sales growth +0.1%, estimate +0.11% (Bloomberg Consensus) Domestic franchise comparable sales growth 0%, estimate +0.07% Domestic co-owned comparable sales...

Iran Proclaims Safe, Toll-Free Passage For 30 Chinese Tankers Amid Xi-Trump Summit During President Trump's ongoing state visit to China, he and President Xi Jinping agreed that the ‌Strait of ‌Hormuz must be open for ‌the ⁠free flow of energy. They along with their senior officials have expressed agreement that no country can ​be allowed to exact shipping tolls in the Strait of Hormuz. Following this, Thursday saw Iranian state media proclaim that some 30 Chinese vessels are being allowed safe passage by Iran. Bloomberg also freshly reports, "The vessels were allowed to pass...

China Ousts 4 Senior Military Commanders In Widening Purges Authored by Dorothy Li via The Epoch Times, China has removed two top generals from its highest military command body and expelled two other senior commanders from a Communist Party-controlled legislature, as turbulence continues within the upper echelon of the country's armed forces. Gen. Zhang Youxia, vice chairman of the Central Military Commission, speaks at the opening of the Western Pacific Naval Symposium in Qingdao, China, on April 22, 2024. (Kevin Frayer/Getty Images) Once China's No. 1 general, Zhang Youxia, has been removed from...