US Expels Lebanese Diplomat Over Social Media Post Supporting Hezbollah

US Diesel Supplies Slump To 23-Year Lows; Oil Prices Lower After Trump's Comments, SPR Drain Oil prices extended losses this morning as investors weighed the Democratic sweep of Congress in the Midterms and what it means for President Trump's approach to Iran, amid uncertainty over whether Washington will pursue diplomacy or renew military strikes. Specifically, the results could introduce additional constraints on Trump's agenda, particularly around funding overseas military operations and other foreign policy commitments.Additionally, Qatar said Tuesday that mediation between Washington and Tehran was continuing, with both sides reviewing...

Good Intentions Paved The Road To The 2008 Financial Crisis Authored by Paul Mueller via The Daily Economy, This week marks the eighteenth anniversary of the failure of Lehman Brothers, a key event of the 2008 global financial crisis (GFC). Lehman's failure and the GFC more broadly were dramatic economic events. Lehman Brothers was the largest bankruptcy in US history to date. The global financial crisis gave rise to the Great Recession. The stock market fell by more than 50 percent, the economy contracted by 4.3 percent, unemployment rose from 4.7...

Roblox Shares Crash As Engagement Headwinds Blindside Wall Street Online gaming platform Roblox crashed the most in four years in premarket trading to the tune of 24%, after the company reported weaker-than-expected first-quarter user metrics and slashed its full-year bookings outlook. One of the major problems plaguing Roblox has been that new child-safety features, including age-verification requirements and limits on platform communication, have slowed user growth. Daily active users came in at 132 million, missing the Bloomberg Consensus estimate of 143.8 million, while hours engaged also missed estimates. Here's a snapshot of first-quarter...