Yen Suddenly Surges To Bessent Intervention Highs... No One Knows Who/Why...

Goldman Reports Blowout Equity Trading Revenues As FICC Disappoints In a carbon copy of JPMorgan, which kicked off Q3 earnings season this morning, Goldman’s equities traders blew past expectations in the third quarter, while its fixed-income and rates-trading counterparts fell far below Wall Street’s estimates.That said, Goldman's earnings were far cleaner than JPM's, which saw various misses across investment banking, while Goldman was an across the board beat, with the exception of FICC. First, let's take a quick look at what the company reported for Q3: EPS $17.01, beating est. $13.07 Revenue $18.68BN,...

Iran's Floating Oil Stockpile Jumps 65% As U.S. Naval Blockade Bites By Charles Kennedy of OilPrice.com The volumes of Iranian oil stored at tankers in and around the Strait of Hormuz have jumped in recent weeks as Iran considers ways to circumvent the U.S. blockade in the Gulf of Oman aimed at choking Iranian oil exports. The number of tankers laden with crude but sitting in the Persian Gulf and near the Strait of Hormuz has jumped since the U.S. initiated in the middle of April a naval blockade to prevent Iranian...

An Ecuadorian official confirmed that US Green Berets were engaged in anti-cartel operations. Earlier this year, President Donald Trump formed a coalition, dubbed Shield of the Americas, that was aimed at combating cartels in Latin and South America.  A local official told AFP and UPI that US special forces have been conducting direct operations against […]