Hormuz Deal Hits Snag: Monday's Gulf-Iran Shipping Talks "Postponed"

Futures Drop, Yields And Oil Jump Ahead Of Iran's UN Address As Trump-Xi Summit Looms US equity futures are down modestly, but at session lows, as oil reverses earlier losses (crude was on pace for a sixth straight day of declines, its longest losing run in a year) sending Brent back over $100 and pushing 10Y yields back to 4.99%. As of 8:30am, S&P 500 futures were 0.1% lower with Nasdaq 100 futures sliding 0.3%, and also at session lows after hitting a record on Tuesday. In premarket trading, memory and semis...

Shotgun-Wielding Man Killed By Law Enforcement After Breaching Mar-a-Lago's Security Perimeter U.S. Secret Service spokesman Anthony Guglielmi reported on X that a young male was shot and killed after breaching the security perimeter at Mar-a-Lago in Palm Beach, the private resort owned by President Donald Trump. Guglielmi said the incident unfolded around 1:30 a.m. ET, when the man, in his early 20s, was shot by Secret Service agents following an unauthorized entry into the secure perimeter at Mar-a-Lago. "The individual was observed by the north gate of the Mar-a-Lago property carrying...

Solar Stocks Flash Major Technical Breakout As Tariff Talk Escalates Solar stocks are showing a clear technical shift, breaking above a well-defined downtrend after more than five years of sustained pressure. UBS analyst Catherine Gordon is attributing the surge in solar stocks to falling yields and renewed policy momentum. A potential Section 232 tariff announcement in mid-to-late June is adding fuel to the rally, with First Solar leading the charge. The UBS Solar basket (UBXXSOL) is now up 40% year-to-date. Gordon provided more context on what's powering UBXXSOL higher: Clean tech names are outperforming...