Xi & Zelensky Hold “Long & Meaningful” Call In 1st Since War Began
Xi & Zelensky Hold “Long & Meaningful” Call In 1st Since War Began Chinese President Xi Jinping and Ukrainian President Volodymyr Zelensky have held a phone call Wednesday, which is the first time the two leaders have spoken since the start of the Russian-Ukraine war. Zelensky confirmed the “long and meaningful” conversation in a statement, saying […]
Boeing Beats On Cash Flow, Hikes 737 Output In 7th Straight Money-Losing Quarter
Boeing Beats On Cash Flow, Hikes 737 Output In 7th Straight Money-Losing Quarter Boeing was not only instrumental in helping today’s durable goods number smash expectations (3.2% vs Exp.0.7%) due to a 78.4% surge in non-defense aircraft orders (which was all Boeing): it also helped prop up the Dow when it reported Q1 earnings and […]
“There Appears To Be A Deal”: McCarthy Makes Late-Night Concessions On $4.8 Trillion Debt-Limit Package
“There Appears To Be A Deal”: McCarthy Makes Late-Night Concessions On $4.8 Trillion Debt-Limit Package As House Republicans’ $4.8 trillion debt-limit package hangs in the balance, Speaker Kevin McCarthy (R-CA) and his top lieutenants made several concessions in order to secure enough votes to pass the Limit, Save, Grow Act. The changes, aimed at winning […]
US Durable Goods Orders Unexpectedly Soar In March… Thanks To Boeing
US Durable Goods Orders Unexpectedly Soar In March… Thanks To Boeing After declining for two straight months, analysts expected US durable goods orders to bounce modestly (+0.7% MoM) in preliminary March data released today. Instead the print soared 3.2% MoM rescuing the YoY from dropping negative for the first time since Aug 2020… Source: Bloomberg […]
“Good Riddance”: Military-Industrial Complex Celebrates Tucker Carlson’s Fox News Exit
“Good Riddance”: Military-Industrial Complex Celebrates Tucker Carlson’s Fox News Exit Authored by Paul Joseph Watson via Summit News, Members of the military-industrial complex interviewed by Politico celebrated Tucker Carlson’s exist from Fox News, with one declaring, “Good riddance!” Janos Kummer via Getty Images Carlson was unceremoniously booted from the network on Monday despite being the […]
Futures Rally Fizzles As Banking Fears Resurface
Futures Rally Fizzles As Banking Fears Resurface US index futures are fractionally higher, led by tech, however continued turmoil surrounding First Republic Bank which tumbled as much as 30% this morning after losing half its value yesterday, has sapped much of the earlier optimism and gains. Yesterday was the SPX’s worst day in a month […]
Debt Ceiling Drama Will Keep Pressure On Stocks
Debt Ceiling Drama Will Keep Pressure On Stocks Authored by Simon White, Bloomberg macro strategist, Pressure on reserves and extra demand for the Fed’s RRP facility will keep weighing on stocks and other risk assets. Debt-ceiling dynamics are distorting the Treasury bill curve. Bills are first in the line of fire if the debt ceiling […]
In Fatal Blow, UK Regulator Blocks Microsoft’s $75 Billion Takeover Of Activision
In Fatal Blow, UK Regulator Blocks Microsoft’s $75 Billion Takeover Of Activision In a fatal blow to Microsoft’s $75 billion takeover of Call of Duty maker Activision Blizzard, not to mention countless M&A arbs, Britain’s antitrust watchdog vetoed the gaming industry’s biggest ever deal, saying it would harm competition in cloud gaming. The powerful CMA, […]
Japan’s Ispace Shares Crash On Lunar Lander Fail
Japan’s Ispace Shares Crash On Lunar Lander Fail Update (Wednesday): Shares of Tokyo-based ispace tumbled after the private company said its Hakuto-R Mission lander probably crashed while on approach to land on the lunar surface. Recall, we provided a live stream of the lunar landing on Tuesday afternoon. About 25 minutes into the planned landing, […]