Mamdani: Socialism "Will Absolutely Translate" Nationwide

Futures Fade Overnight Gains As Attention Turns To Kevin Warsh's First Fed Decision US futures are attempting to bounce back from yesterday’s losses on Wall Street led by Tech. As of 8:00am ET, Nasdaq 100 futures lead the charge, with gains of 0.5% versus 0.1% for the S&P 500 future, although both are off session highs. SpaceX’s post-IPO surge continues, with shares adding another 3% in the pre-market while Mag 7 are mixed: NVDA is up 0.4%, while GOOGL is down 0.5%. The Stoxx 600 is up 0.2%, while the MSCI APAC Index gained...

US Lifts Sanctions On Iraqi Airline Blacklisted Over IRGC Ties Via The Cradle The US Office of Foreign Assets Control (OFAC) lifted sanctions on Iraq's Fly Baghdad Airlines and two of its aircraft on Wednesday, clearing a carrier Washington had blacklisted in January 2024 over alleged support for Iran's Islamic Revolutionary Guard Corps (IRGC) Quds Force.  The Baghdad-based carrier was delisted from the Specially Designated Nationals (SDNs) list under each of its three registered names, Fly Baghdad Airlines Company, Fly Baghdad, and Iraq Express. @JetPhotos Two Boeing 737 aircraft flown by the airline, carrying the tail...

US Job Growth Revised Lower By 79,000 In Annual Benchmark Estimate In our preview of today's preliminary benchmark revision of US jobs - published by the BLS 'conveniently' just as Kevin Warsh started to speak - we said that according to Goldman calculations, for the first time in 3 years and just the second time since 2018, the BLS was going to revisedpayrolls modestly higher "based on the nine months of data released since the last benchmarked period, March 2025." Specifically, Goldman's economists expected "a preliminary upward revision on the order of 50-450k which...