"We Don't Need Canada": Loonie Limps Lower As Trump Unleashes (More) Tariffs

NATO's 'Collective Defense' Rhetoric Escalates Amid Now Weekly Aerial Incursions Ukraine war spillover into NATO 'eastern flank' members' airspace is now becoming a weekly reality, which presents added pressure and dangers which could potentially lead up to a major Russia-Western military confrontation. Lead NATO powers like Germany have of late also alleged Russian intelligence 'sabotage' campaigns involving drones near aviation hubs in central Europe. Over the past years of war, an errant (or intentioned?) drone or missile crossing over into Poland or the Baltic states might have happened once every few...

China To Import Record Amount Of US Ethane As Iran War Chokes Off Naphtha, LPG Supplies One year ago, in the immediate aftermath of Trump's Liberation Day tariffs, there was a flurry of discussion over who is more reliant on whom: the US on Chinese rare earth materials, or China on US ethane output (see "Chinese Plastics Factories Face Mass Closure As US Ethane Supply Evaporates" and "Who Blinks First? China May Exempt Tariffs On US Ethane & Other Goods"). Following the detente in the US-China trade war, that discussion was...

Stocks Drift As Chips Extend Gains, Oil Slides On Positive US-Iran Talks Futures are modestly lower coming off the US holiday weekend, after equities finished higher last week with both Dow and Russell clocking new ATHs and SPX finishing in the green for the 11th time in the last 12 weeks.  As of 8:00am ET, S&P 500 futures edged down 0.1% while Nasdaq 100 contracts are higher by 0.1% with chips outperforming as usual while hyperscalers, aka "check payers" down as all Mag 7 are lower with TSLA (-1.4%) and GOOGL...