Wall Street’s Momentum Machine Faces a Middle East Stress Test
(Bloomberg) — It’s the kind of geopolitical flashpoint that might once have triggered a full-blown market meltdown: Israeli…
Crypto Altcoins Lead Slide as Geopolitics Spurs Haven Demand
(Bloomberg) — Smaller, less liquid tokens such as Solana and Cardano led a decline in cryptocurrencies as financial…
Israel Attacks Iran’s Nuclear Sites in Major Escalation
(Bloomberg) — Israel launched airstrikes across Iran on Friday morning, targeting nuclear facilities and killing senior military commanders…
Traders Reel In Fed Cut Bets as Strong Job Data Drags on Bonds
(Bloomberg) — Treasuries slumped after stronger-than-expected US job and wage growth prompted traders to trim bets that the…
Elon Musk Urges Americans Take Action to ‘Kill’ Trump Tax Cut Bill
(Bloomberg) — Elon Musk is on a mission to block President Donald Trump’s tax bill after he tried…
Brazil Looking for $6.2 Billion From Its Oil Industry
Brazil’s government is looking to extract some $6.2 billion from the country’s oil industry in a bid to…
AI-driven data centers are growing in the drought-stricken Mountain West, analysis finds
Data centers, which power AI tools and cloud services, use massive amounts of water to cool servers so…
Alberta Wildfires Shut About 7% of Canada’s Oil Production
(Bloomberg) — Wildfires in Canada’s energy heartland of Alberta have shut down almost 350,000 barrels of daily heavy…
Wall Street Sees Deeper Rout as Dollar Nears 2023 Low
(Bloomberg) — Wall Street banks are reinforcing their calls that the dollar will weaken further, hit by interest-rate…
Oil Advances as OPEC+ Supply Boost Vies With Geopolitical Risk
(Bloomberg) — Oil surged after OPEC+ increased production less than some had feared and geopolitical concerns flared in…
Oil Gains As Geopolitical Concerns Rise, OPEC+ Boosts Supply
Oil advanced after geopolitical and trade risk increased over the weekend, and as OPEC+ hiked production less than…
Economists Warn ECB to Avoid Delaying Over Last Two Rate Cuts
(Bloomberg) — Supply Lines is a daily newsletter that tracks global trade. Sign up here. Most Read from…