The Iran War Has Turned VLCCs Into $650,000-A-Day Assets

Ryan Cohen’s Massive $35 Billion Pay Deal Draws Shareholder Lawsuit A GameStop shareholder has taken the company to court in an effort to delay a July vote on Ryan Cohen's proposed $35 billion pay package, arguing investors aren't getting the full story before being asked to approve it, according to Yahoo Finance.  The lawsuit accuses GameStop's board of repeatedly changing the voting process in ways that could tilt the outcome toward management. Among the disputed changes are whether Cohen can vote his own sizable stake and how non-votes are treated when...

Trump Insists US In 'Final Throes' Of Iran Deal; Death Toll Soars As Israel Pounds South Lebanon The southern Lebanese city of Tyre is being pounded by Israeli airstrikes on Tuesday, despite President Trump's insistence that Lebanon not come under attack. Israel's military had hours prior issued an evacuation order for all civilians in the area, amid the unraveling and failing ceasefire. Casualties are already high, coming at a tense moment after starting on Sunday Iran sent ballistic missiles against Israel over its renewed airstrikes on the southern suburbs of Beirut,...

American Consumers Have Never Been Less Confident Despite Inflation Fears Easing; UMich With the "mini war" still ongoing (albeit with a 'ceasefire' in place), expectations were for a continued slide (already at record lows) in the American consumer's sentiment in preliminary UMich data for May released today. And while the expectations were correct in direction, once again they underestimated just how bad things are as the headline UMich print fell from 49.8 to 48.2 (a new record low and below the 49.5 expectation). Under the hood was more mixed with Current Conditions tumbling...