Trump Responds To Watchdog Report: Force Powell Off The Fed Board - Or Sue Him

UBS Warns Drought Shock Unfolding Across Breadbasket Of America It's not just us sounding the alarm about severe drought conditions hitting America's breadbasket as spring plantings ramp up, or warning about the second- and third-order effects that could push food prices higher later this year. UBS analysts, led by Jonathan Pingle, told clients on Thursday morning that drought conditions across the US agricultural belt rank among the worst in more than 130 years: The National Oceanic and Atmospheric Administration's Palmer Drought Severity Index hit its highest level for March since records started...

Trump Reinstates Iranian Blockade, Stuns With 20% 'Reimbursement Plan' On Cargo Transit, Oil Prices Surge Summary Trump says US blockade of Iran ports 'reinstated': states that US to be reimbursed at rate of 20% of cargo shipped for vessels wishing to transit. Strikes escalated over weekend: US hit over 140 Iranian military targets; Iran attacks US-linked facilities across the Gulf. Shipping tensions boil: Iran claims the strait is closed, but commercial vessels continue transiting under US protection. Oil prices climb: on rising risk to global shipping & energy markets, as diplomacy clearly unraveling. Strait of Hormuz...