Oil futures surge following US strikes in Iran | CNN Business Oil prices surged during late Sunday trading after the US launched strikes on three Iranian nuclear Saturday evening in a major escalation of the Iran-Israel conflict.

JUST IN: Oil prices surge in the wake of US strikes in Iran, with US oil futures jumping 3.6% Sunday to about $76.47 per barrel

Filing: Nvidia says it will record a $5.5B charge after the US said it would require a license to export the H20 chips to China; NVDA drops 6%+ after hours (CNBC)

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The "beauty contest", which was once so easy to predict (in a crisis, the💵always wins! bet on the dollar, and you cannot lose because everyone else bets on the dollar, too!) becomes a more uncertain game. 15/

Starling Bank for 5 years. Its won Retail Bank awards over past years. Always find them quick and easy to deal with.

Trade Wars Are Easy to Lose Beijing has escalation dominance in the U.S.-Chinese tariff fight.

@adamposen.bsky.social new article on trade & trade wars is both thoughtful & and thought provoking. Thanks
Adam!

www.foreignaffairs.com/united-state...

Trump buckles in face of bond market pressure Nobody can take on the bond market and that includes the US President, writes David Murphy.

@news.rte Trump buckles in face of bond market pressure

www.rte.ie/news/analysi...

Reminder: Tariffs aren't paid by other countries.

They're eventually paid by us at the check out line.

And they're regressive — taking a higher percentage out of the paychecks of working people than out of the wealthy.

(Bloomberg) - In the first rush for safe havens in years, global investors are finding there are credible alternatives to US Treasury bonds. 🇩🇪

@bloomberg.com
www.bloomberg.com/news/article...

#US treasury #bonds sell off by #China and #Japan could make interesting news tomorrow on bond markets

The nuclear option China could take in trade war with the US Follow the latest on Trump’s tariff trade war

This article highlights damage this would also do to China.

But a full dump isn’t even needed to hike yields and send US borrowing costs soaring

A “thumbscrew” approach to offloading US Treasury Bonds slowly might be enough.

finance.yahoo.com/news/nuclear...

Interesting...

Shaping up to be another very volatile day on #stocks #crypto and markets Should probably call it #orangemonday

Why do economists worry so much about the economic impact associated w/tariffs?

Putting this out there so there is some clarity on why most economist worry about tariffs, which are at best a blunt tool, to cure what ails us. When used to cure so many problems, beware law unintended consequences.

NEW 🧵

A quick thread of charts showing how Trump’s economic agenda is going so far:

1) US consumers are reacting very very negatively.

These are the worst ratings for any US government’s economic policy since records began.

#China reciprocal #tariffs on #USA will be felt across a lot of states from #Texas to #Midwest to West Coast

How many countries will Trump bankrupt with his tariffs? I have yet to see any comment in the media about one vital dimension to the new tariffs that Trump is imposing on many countries in the global south, including India, Bangladesh, Vietnam, South Africa...

Countries in the global south must run trade surpluses to earn dollars to repay their dollar debts. Now they are being punished with US tariffs further having done so. The result is that they will go bankrupt, with massive consequences for billions of people. www.taxresearch.org.uk/Blog/2025/04...

Hey #US #consumers, when these #Senators say its just short term pain from #tariffs... in 2016 UK politicians told UK consumers the same about #Brexit and loss of free #trade. 9 years on, still pain, no gain and your daily living gets more expensive. Politicians come and go.. End of..

Smoke and mirrors. Highest #tariffs applied to emerging mrkts with less trade with #USA. #Singapore 10%, so Chinese companies can register their biz there for exporting to USA at 10% rather than 34%.
No such thing as American built #cars, the components/parts are from many countries.

Billy No Mates. All this Starmer bollocks talk of "closer ties with EU' etc means nada. We need to be in a trading bloc with our 500million neighbours.

Brexit has created a ‘mind blowing’ 2billion extra pieces paperwork Liberal Democrats call on Sir Keir Starmer to negotiate a bespoke UK-EU customs union to free businesses from excessive red tape

For. Love. Of. God

“Unless we put this extra burden of red tape on a bonfire, we will not get the meaningful growth needed to rebuild our public services and protect people’s finances.”

Surely this ruinous stupidity is well beyond its sell-by date now.

www.independent.co.uk/news/uk/poli...

‘Major brand worries’: Just how toxic is Elon Musk for Tesla? With sales down and electric vehicle rivals catching up, the rightwing politico’s brand is driving into a storm

‘Major brand worries’: Just how toxic is Elon Musk for Tesla?

A European Starlink rival's shares skyrocketed 390% in a week — here's why Shares of French satellite operator Eutelsat gained over 550% in a three-day rally last week.

French satellite company Eutelsat is replacing Starlink and plans to send approximately 40,000 communication terminals to Ukraine. Their stock has rocketed 390% in the last 3 days as #Tesla $Starlink #SpaceX and #X continue their freefall.

www.nbcnewyork.com/news/busines...

Trump calls Tesla boycott ‘illegal’ and says he’s buying one to support Musk President makes statement in support of Musk’s ‘baby’ as company shares fall hard and owners sell vehicles

Boycotting Tesla is not "illegal", as Trump claims.

The purpose of a boycott is to send a clear message: We the people have the power and choice to not give our hard-earned cash to billionaire oligarchs.

Over $1.75 trillion was wiped out from the US stock market today. Trump owns all of this.

I got laid off today, with the rest of 18F.

18F was an elite federal software shop. We made gov't websites work better, more efficiently for the American people. We saved taxpayers from getting screwed over by contractors. And were fired for it.

We made this website to tell our story:
18f.org

In case you were wondering why Chinese tariffs are 15% less than for Canada and Mexico, follow the money.

Elon Musk currently has a 4,500,000 sq. ft. car manufacturing plant in China. Tesla does not currently have car plants in Canada or Mexico. One is planned for Mexico. In time for a tariff lift.

China trolling Trump in Week 1 with #Deepseek announcement will make for interesting few months ahead with S&P and #tech stocks. The global #AI race is on and its moving at an exponential rate this year. Any small #stocks you follow that you think may benefit?

🧵Curious about "DeepSeek"? Wondering what it is and why it matters for the U.S. and the world in general? Let me break it down in simple terms—no tech background needed! (1/21) 👇👇🌏💾

Observing Elon undermining European democracies and Trump preparing to ignite conflict with neighboring nations, everything is proceeding flawlessly in alignment with the plan.

From Crypto Gains to Timeless Treasures: Bitcoiners Embrace Luxury Watches – Bitcoin News A slew of bitcoiners have been channeling their digital wealth into luxury timepieces, with brands like Rolex taking center stage.

Rolex or 0.15btc? Which will appreciate more in the next 5 years I wonder news.bitcoin.com/from-crypto-...