...cannot enforce a 2024 state law that sought to impose an estimated $75 billion in charges on carbon-emitting companies for allegedly causing climate damage between 2000 and 2018...

"Today we want to warn every airline that uses Russian airspace, every insurer, everyone who still uses key Russian airports..."

US and Iran exchanged strikes, while Trump warned if Iran responded, they will be ‘totally wiped out as a country’.

Over 1,000 hours of network airtime & "intimate knowledge" of US leaders...

Limousine Socialists...

Rates, vol, semis and the AI cash-flow problem. A few charts worth watching.

Gen. Dan Caine said he had not received, nor did he expect to receive, 'any unlawful order' concerning the military's role during the midterm elections...

The petition targets a June decision by the D.C. Circuit Court of Appeals finding the ban probably violates the constitutional rights of transgender troops already serving.

It has to be more than just 'free markets.' Here is the truth.

US launches fresh strikes in Iran; Iranian sources say response to US strikes will be extensive; Trump said if Iran respond, they'll be hit much harder; US ISM Mfg. PMI falls more than expected; US JOLTS rise less than anticipated; Two oil supertankers were reportedly hit by projectiles in the Strait of Hormuz; Fed's Barr said if inflation doesn't moderate soon, will be time for an interest rate hike; USTR Greer stated Canada may face additional tariffs; Bessent told Japanese officials that rate hikes are needed.

Clyburn now demands a takeover of the Court because he disagrees with the current interpretations.

...the selloff is about more than Fed policy.

Stocks are experiencing headwinds from squeezed liquidity and tightening financial conditions...

The next AI debate isn't capex. It's cash conversion.

Letita no!

The War Department said more than 1.7 million of its more than 3 million personnel have been onboarded for the department's generative AI platform...

September OpEx creates another potential technical reset, and the calendar is turning decisively back toward macro just as we enter the weakest seasonal window of the year...