UMich Sentiment 'Expectations' Plunge Near Record Lows As Republicans Lose Faith, Inflation Fears Rebound

There is a good thing about having Donald J Trump as president and that is how during a normal week he will say or do a number of incredibly stupid things that make one want to smile or even laugh outright. Unfortunately, however, the fun stops shortly after that point when one recalls that the […]

Bessent Says Hormuz Will Be A "Worthless Piece Of Water" In Two Years Summary Bessent Says Hormuz Will Be "Worthless Piece of Water" In Two Years Iran offers conditional ceasefire: Pezeshkian says Iran will return to talks if the US honors prior commitments, which Tehran says it has violated. US threatens further strikes: Trump warned of more action but ruled out necessarily returning to full-scale war. Tankers hit in Strait of Hormuz: Two supertankers struck exiting Hormuz, escalating energy-market risks. Oil prices surge: Brent crude rose above $92/barrel. Diesel supply squeezed: Refinery disruptions are driving diesel prices and margins sharply higher. Strait of...

Europe's Auto Bloodbath Deepens: Jaguar Land Rover To Axe 4,000 Jobs After VW Targets 50,000 More Job Cuts Europe's industrial base faces yet another setback, with Bloomberg reporting that Jaguar Land Rover plans to cut 4,000 jobs over the next two years. Britain's largest carmaker is confronting intensifying Chinese competition and adding to the broadening wave of planned and ongoing layoffs across European automakers. The job cuts represent about 10% of Jaguar Land Rover's global workforce and is part of a $2.3 billion savings plan, Chief Executive Officer P B Balaji...