Netanyahu Held Secret Talks with Hamas During 2014 War

US Sending Fresh Carrier To Relieve Over-Extended USS Lincoln Amid Reports Of Sailor Burn-Out Below we've detailed the immense strain placed on the long-deployed USS Lincoln aircraft carrier, which has been the main floating naval hub of operations amid the Iran war. The past weeks have seen growing US media coverage of the immense strain placed on the some 5000-member crew, and given the typical port calls have been nearly absent for the extended deployment and operation. But on Thursday the Wall Street Journal is reporting than an urgent relief...

Stocks Jump, Oil Tumbles After IEA Calls Extraordinary Meeting To Decide On SPR Release With oil reversing much of the overnight losses as we neared the start of US cash open trading, futures slumped and it felt like we were back to square one.  That's when the jawboning out of the G7 members - many of whom are already at their breaking point in terms of soaring input costs - decided to double down on the jawboning rhetoric from yesterday - and hinted strongly that an SPR release could be imminent.  The...

ECB Hikes Rates For First Time Since 2023 (As Expected); Cuts Growth, Hikes Inflation Outlook As fully expected, The ECB hiked its key rate by 25bps (for the first time since 2023) as the policymakers battle with the dilemma of economic weakness combined with rising inflation. Obviously, raising rates to dampen inflation could further slow the economy, while easing rates to support growth increases the risk that higher inflation becomes persistent. Clearly, Lagarde et al went with the former with its well-jawboned baseline having long been a hike in June with risks skewed toward...