Lingering Iranian Diplomats In New York 'Kicked Out' By Rubio

Wall Street Reacts To Powell's Last FOMC Meeting The kneejerk reaction from Wall Street pundits is that the bar for the Federal Reserve to hike rates is still relatively high and there’s no need for the Fed to change its bias or react in a meaningful way: that's the view voiced by SocGen's US Research Head Subadra Rajappa, who said on BBG TV that the "US is in a very good position overall" Others, such as Deutsche Bank Chief US Economist Luzzetti, said that "the Fed could adopt a more balanced...

Jet-Fuel Price Shock Hits Airlines As Raymond James Cuts Estimate Across Coverage, Warns Of JetBlue Bankruptcy Risk As we've told readers, and as former Goldman commodities guru Jeff Currie explained last week, the energy crisis is not necessarily in Brent or WTI supplies, but in refined-product markets, given the diesel crack spread's jump above $100 a barrel last week. Early Monday, the spread was trading around $94. The secondary effects of a global refined-products crisis are beginning to hit airline earnings, according to Raymond James analyst Savanthi Syth, who wrote in...

It Wasn't Fireworks... Social Isolation, Escalating Anger Drove Palisades Arsonist's Desire For Revenge, Jury Told Explosives and arson experts from the U.S. Bureau of Alcohol, Tobacco, and Firearms this week told a jury in the federal arson case against Jonathan Rinderknecht that fireworks could not have been the culprit. The 29-year-old Rinderknecht is accused of starting a blaze in the Santa Monica Mountains, which investigators say led to the deadly Palisades Fire of 2025. “Anyone who was in this area—if there was a firework launched, burning, or landing here—would have seen it....