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The Ceasefire That Wasn't: The US-Iran Deadline Passed Today With Zero Ships Through Hormuz
The 60-day US-Iran memorandum of understanding expired today with no extension and no deal. Iran's foreign minister says there was never a ceasefire to begin...
A Record Week Closes With a Missile Strike: Iran Hit Two UAE Tankers as the S&P Fell Just Short of 7,800
Thursday's close was the 27th record of the year, S&P 500 at 7,798.99, Nasdaq near a one-month high, on a second straight day of cooling inflation that pushed...
Cisco Posted Record Everything and Still Fell 4.6%: The Delta Rule Claims Its Cleanest Case Yet
Revenue up 18%, EPS up 23%, AI orders up 4.5-fold to $9.3B for the year, both beating the high end of guidance. Cisco shares still fell nearly 5% after hours...
CPI Cooled Exactly as Expected, but Overnight the US Navy Fired Live Missiles at a Ship Bound for Iran
July CPI landed at 3.4% headline, 2.5% core, both down from June and both matching consensus precisely, a clean, welcome resolution to the tension this brief...
Circular Financing Is Back, Now With a $500B Wall Street Consortium, and Oil Just Complicated Tomorrow’s CPI
Nvidia signed six of Wall Street’s biggest names, Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR, to raise $500B for AI infrastructure, and...
Rate Relief Won the Argument, but the Payroll Revisions Are the Bigger Story
Friday's jobs shock resolved in the market's favor: records across the board, September hike odds crushed to 44% from the high 50s. But buried in the same...
Record Highs, Empty Savings Accounts, and the AI Spending Paradox
Record highs in the S&P 500 clash with weakening consumer finances and surging AI infrastructure spending. Explore what breadth, retail speculation, and...
The Labor Market Didn’t Just Crack, It Broke: July Payrolls Fell 23,000
Wall Street expected a gain of 83,000. It got an outright loss of 23,000, the clearest confirmation yet of Wednesday’s ADP warning. Unemployment held at 4.1%...
The Labor Market Just Cracked a Little: ADP Missed, ISM Services Employment Contracted, and Gold Jumped 4%
Wednesday’s ADP print rose just 44,000, less than half the 70,000 expected and a sharp deceleration from June. Buried inside the ISM Services report, the...