Large Israeli Deployment Reported in Southwest Syria, Forces Push Into Rif Damasq

The Lebanese Health Ministry has reported at least 30 people have been killed in Israeli strikes in the past 24 hours, with signs that the escalation of the Israeli invasion of the country’s south continues to grow in spite of the “ceasefire” that has notionally been in effect for nearly two months now. A large […]

Futures Slide, Oil Jumps After US Attacks Kharg Island Ahead Of Trump's 8pm Iran Deadline US futures reversed earlier gains and oil advanced following reports that Iran's Kharg island was targeted earlier on Tuesday, while the market was largely paralyzed ahead of Trump’s 8pm ET deadline for Iran to agree to a ceasefire or face escalation. As of 8:00am ET, S&P futures are down 0.4%, and Nasdaq futures slide 0.6%. In premarket trading, all Mag7 names are lower even as AVGO (+3% pre-mkt) is bid after a TPU supply pact with...

Rebound In Used Luxury Watches Continues During the COVID-era flood of free money, from stimulus checks to the Federal Reserve's zero-interest-rate policy, luxury watch prices skyrocketed to the moon. But once that liquidity boom faded and interest rates were pushed sharply higher to rein in the inflation monster fueled by helicopter money, the secondary luxury market slid into a multi-year correction. Over the last year and a half, however, that downturn appears to have bottomed out (see here and here), with prices continuing to rebound. The Bloomberg Subdial Watch Index, which...