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Barclays Warns Potential US Diesel Export Ban Could Backfire
Barclays Warns Potential US Diesel Export Ban Could Backfire
Senate Majority Leader John Thune revived discussion of a potential US diesel export ban with reporters Tuesday, a day after Interior Secretary Doug Burgum said any export halts on crude or petroleum products were unlikely to lower consumer prices. The divergence in messaging suggests growing pressure across the Trump administration to contain surging fuel costs ahead of the midterm elections as the global refining crisis pushed the US diesel crack spread to a record $117 a barrel early Wednesday morning.
US Diesel...
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Apr 1, 2026 / Tyler Durden
LVMH Posts Biggest Quarterly Drop Since Dot-Com; UBS Sees Luxury Opportunity
LVMH Posts Biggest Quarterly Drop Since Dot-Com; UBS Sees Luxury Opportunity
LVMH, the owner of Louis Vuitton, Christian Dior, Fendi, Bvlgari, Moët & Chandon, and dozens of other luxury brands, just posted its worst quarter since the dot-com bust era, making it the worst-performing European luxury stock this year as demand for luxury handbags, shoes, watches, perfumes, and wines continues to soften amid an intensifying Middle East conflict.
LVMH shares in Paris tumbled 28% in the first quarter, exceeding quarterly declines seen during Covid and the 2008 financial crisis,...
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Jun 25, 2026 / Tyler Durden
Exxon Wins Big As Supreme Court Revives Cuba Seizure Case
Exxon Wins Big As Supreme Court Revives Cuba Seizure Case
The Supreme Court ruled Tuesday that Exxon Mobil can move forward with its lawsuit against Cuban state-owned oil companies over assets seized after Fidel Castro came to power, reopening a dispute tied to Cuba’s 1960 nationalizations, according to CNN.
The 6-3 decision comes as President Donald Trump has taken a more aggressive stance toward Havana.
Justice Brett Kavanaugh wrote for the majority, with the Court’s liberal justices dissenting.
CNN writes that the ruling is part of a broader wave of legal and political...
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Sep 1, 2026 / Dave DeCamp
US Strike Hits Wedding in Southern Iran, Killing at Least Five People: Deputy Governor
A US strike in southern Iran on Tuesday hit a residential building where a wedding reception was taking place, according to local Iranian officials and the Iranian Red Crescent. Ahmad Nafisi, the deputy governor of Iran’s Hormozgan Province, told Iranian media the strike hit a home in the city of Kuhestak in Hormozgan’s Sirik county […]
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