China's 'Silent' War Drill: Taiwan Blockade Fears Put Conflict-Free Supply Chains In Focus

B200s Or B-2s? By Bas van Geffen, senior macro strategist of Rabobank Concerns about the Middle East continued to dictate markets yesterday. The Strait of Hormuz remains closed, and there were no signs that this will change soon. Oil prices rose further. Dated Brent jumped 5% on the day to top $111. Alongside the rise in benchmark energy prices, yields increased too. 10y US Treasury yields closed around 5bp higher, and 10y German Bund yields rose 6bp to 3.1%, dragging broader EUR yields up. Equities struggled. European bourses closed around 1.5% lower,...

White House Cancels Coverage For 750,000 ACA Enrollees, Citing Fraud Vice President JD Vance said Tuesday that about 750,000 people on Affordable Care Act plans were never entitled to the coverage, and that pulling their subsidies will save taxpayers $2.2 billion. Mehmet Oz, who runs the Centers for Medicare and Medicaid Services, stood with him. The savings number is an administration estimate. The Congressional Budget Office has not scored it. CMS had already acted. Rulemaking documents posted Tuesday in the Federal Register say the agency canceled 315,000 marketplace policies on Aug....

Israeli Defense Minister Israel Katz claimed Iran was attempting to build a nuclear weapon and that the war against the Islamic Republic is not over.  “With regard to Iran, the mission is still not complete. Iran is trying to renew its efforts to obtain nuclear weapons — alongside other grave efforts that place the State […]