Iran Unleashes Fresh Attack Waves On Kuwait, UAE As Trump Signals De-escalation Ahead Of Midterms

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...

Former US Intel Officials: Dangerous Talk Of Putin's 'Loss' In Ukraine Authored by Veteran Intelligence Professionals for Sanity MEMORANDUM FOR: The President FROM: Veteran Intelligence Professionals for Sanity (VIPS) SUBJECT: Dangerous Talk of Putin’s ‘Loss’ in Ukraine VIPS tells President Trump that once apprised of the reality on the ground (and in the air) by his intelligence advisors, he might choose to do what is in his power to end the disaster in Ukraine. Dear President Trump: The New York Times is reporting that the outlook for Russia in Ukraine is “bleak.” C.I.A. Director John Ratcliffe is said to have explained that...

Court Strikes Down Trump's Replacement Tariffs; A Minor, Temporary Setback, With Sec 301 Tariffs Coming After the close on Thursday, the Court of International Trade (CIT) ruled to invalidate Trump's latest set of universal 10% tariff imposed two months ago under Sec. 122. The administration will quickly appeal this decision before it takes effect May 12. If the case follows the same pattern as the challenge to the IEEPA tariffs last year, a higher court might soon stay this ruling and leave the tariffs in place pending a longer review.   As...