Macro Economic Events

Billionaire investor and Pershing Square USA Ltd. (NYSE:PSUS) CEO Bill Ackman warned Thursday that dependence on the Strait of Hormuz remains a critical vulnerability for the global economy, as the U.S. and Iran reached an agreement to end a conflict that disrupted global shipping...

The energy trade that paid off all spring has reversed in full. The two largest oil-and-gas equity funds have erased their entire Iran war rally, and the sector’s spring darlings are now its biggest losers. The Energy Select Sector SPDR Fund (NYSE:XLE), the broad sector benchmark, fell to $53...

Investors assessing the Federal Reserve's decision to keep interest rates steady this week may be suffering from a false sense of security. According to a global macro strategy report authored by Frank Flight at Citadel Securities, the market is severely under-indexing a looming hawkish pivot. The...

Federal Reserve Chair Kevin Warsh‘s first policy meeting drew mixed reactions from economists, with attention centered on his decision not to submit a dot plot projection, his inflation messaging and his plans to reform the institution The Fed held rates steady at 3.50%-3.75% on Wednesday and...

Kevin Warsh used his first press conference as Federal Reserve Chair to pledge a decisive fight against inflation, signaling a policy shift few investors had expected. A broad selloff began with the June’s hawkish dot plot, which signaled the committee’s preference for one rate hike...

Editor’s note: This article was updated to add more detail and context. The Federal Reserve unanimously held the federal funds rate steady at 3.50%-3.75% on Wednesday, as widely expected, in the first policy meeting under new Fed Chair Kevin Warsh. The June statement again described inflation...

Two weeks ago, traders on X and on Reddit were posting “even Saylor is selling now.” Bitcoin (CRYPTO: BTC) had broken below $60,000 for the first time since the 2024 election, wiping $160 billion in crypto market value in a few days. The Fear and Greed Index hit single digits. The kind...

Kevin Warsh makes his debut at the helm of the Federal Reserve on Wednesday, as the central bank wraps a policy meeting with markets broadly expecting rates to stay on hold at 3.50%-3.75%. While all eyes are on what Warsh says in his first press conference — and on how Fed officials reshape the dot...

Oil markets are facing the risk of a significant supply overhang by 2027 as global production rebounds faster than demand growth, according to a recent outlook from the International Energy Agency on Wednesday. The agency said global oil supply could rise sharply in the coming years as Gulf...

A collapse in crude oil futures prices is poised to deliver savings to American motorists, with top economist Mohamed A. El-Erian predicting that regular gasoline and diesel will crash through the $4 and $5 thresholds, respectively, in the coming days. Imminent Relief at the Pump The nationwide...

U.S. stocks were mixed at midday Tuesday as money rotated out of high-flying technology and into financials, utilities and industrials — cooling the tech-led rally as the Dow Jones Industrial Average pushed to fresh records. Meanwhile, Federal Reserve Chair Kevin Warsh prepares to gavel in his...

Economic sentiment in the Eurozone rose for the first time in four months as concerns about the war in the Middle East and higher energy prices eased. The ZEW Eurozone Economic Sentiment Indicator climbed to 9.5 points in June, an increase of 18.6 points from the previous month. Germany's ZEW...

Michael Burry, the investor who famously predicted the 2008 housing market collapse, sparked fresh debate about market valuations on Monday after posting a cryptic message on X as investor enthusiasm continues to build across artificial intelligence, technology stocks and SpaceX‘s (NASDAQ:...

In February, a viral thought experiment from Citrini Research imagined a June 2028 in which artificial intelligence had pushed U.S. unemployment to 10.2% and dragged the S&P 500 down 38%. Four months later, the labor market is doing the opposite of falling apart. “That scenario of 10%...

Crude oil has surrendered roughly a third of its value since the Strait of Hormuz conflict pushed it toward $120 a barrel, yet the price Americans pay at the pump has only barely dropped. West Texas Intermediate – as closely tracked by the United States Oil Fund (NYSE:USO) – fell almost 5% on...