"Neither Does It Seem To Be The Last": Bank Of England Hikes For First Time Since 2023, Sees Inflation Near 5%

Qatari LNG Tanker Abruptly U-Turns In Hormuz Chokepoint After Weekend Transit Breakthrough Day 72 of the U.S.-Iran conflict opened with yet another failed diplomatic off-ramp. Tehran on Sunday submitted a counterproposal to the Trump administration's plan to end the war, but President Trump swiftly rejected it as "totally unacceptable," pushing WTI crude futures roughly 3% higher to $98 a barrel as traders slightly repriced the war-risk premium higher for a prolonged Strait of Hormuz disruption. Tehran's counterproposal was a major focus over the weekend, but what caught our attention Saturday morning was...

Key Events This Week: PPI, Industrial Production, Q1 Earnings, Iran War When it comes to the week ahead, clearly the Iran conflict will be the main focus, but there are a few other things to look out on the calendar. First, the Q1 earnings season will start to kick off, with this week’s releases including several US financials. DB's equity strategists have a full preview, and they argue that the bottom up-analyst consensus for S&P 500 earnings growth accelerating into the mid-teens (16%) is justified by a favorable macro environment (full...

Houston-Area Birth Tourism Center Shut Down In Legal Action Authored by Kimberly Hayek via The Epoch Times, A birth tourism operation in the Houston area has agreed to close in a settlement, Texas Attorney General Ken Paxton announced on Friday. An advertisement for a Houston-area “birth tourism” operation known as De’Ai Postpartum Care Center. The Texas attorney general filed a lawsuit against the center, claiming it has operated an unlawful “birth tourism” business. Courtesy of the state of Texas Attorney General's OfficeThe center "unlawfully facilitated over 1,000 births to foreign Chinese nationals,"...