Futures Rise As Wall Street Moves On From Jensen, Microsoft Outage Drags Into Day Two

Treasure Hunters Recover $100K Silver Bar From Legendary 1622 Shipwreck Treasure hunters searching the waters off the Florida Keys have uncovered a 22-pound silver bar believed to have come from the wreck of the Spanish galleon Nuestra Señora de Atocha, according to a new report from SlashGear.The artifact, estimated to be worth about $100,000, is the first silver bar recovered from the legendary wreck site in nearly three decades. It was discovered by divers working with Mel Fisher's Shipwreck Expeditions during a routine recovery mission. The Atocha was part of a...

Yen Jumps On Report Of BOJ "Rate Check" But It's "Too Little Too Late" Update: (12:40pm ET) The Bank of Japan, not to mentioned Scott "the House" Bessent, have been most displeased with the yen plunge following today's BOJ rate hike, and so they once again do what they do pretty much every other week now: intervene in the market.  As we said earlier (see below) when we predicted that some sort of central bank intervention was inevitable, the yen pared declines on Friday after Japan's Nikkei newspaper reported that the Bank of Japan...

Silt, Anchovies, And Economic Disaster Authored by Matt Badiali via DailyReckoning.com, Silt and anchovy scales. Sometimes the greatest scientific discoveries start with the simplest things. Today, meteorologists are worried about a severe global event. It’s part of an atmospheric pattern that wasn’t recognized until the late 1960’s. But it has had major economic impact over the decades. And it will have an impact this year if it’s as bad as predicted. But the story starts with marine mud and frustrated fishermen. Geologists saw something odd in sediment cores taken off the West coast of South...