Woah

Scam messages offering ships safe transit through Hormuz, security firm warns Fraudulent messages promising safe passage through the Strait of Hormuz in exchange for cryptocurrency have been sent to some shipping companies whose ​vessels are stranded west of the waterway, Greek...

Fraudulent messages promising safe passage through the Strait of Hormuz in exchange for cryptocurrency have been sent to some shipping companies whose vessels are stranded west of the waterway, Greek maritime risk management ‌firm MARISKS has warned reut.rs/4mGNyUX

Proper meme stock target

Presumably there was a **lot** of short to squeeze, though it seems to be taking a really really long time - esp now the trigger (quicker to drive than to queue for TSA at a US airport) no longer applies

Unless the process of reducing bank risk leads to vast new lending by new entities which otherwise wouldn't have happened, raising overall credit risk

@moyeen.bsky.social Fair play for the headline: "MPC marvels from the DC universe"

The Record Stock Market Rests on Some Big One-Offs There are two significant reasons earnings expectations have soared—and they are both probably temporary.

www.wsj.com/finance/stoc...

The problem is the two providers are the same provider, and it is v confused

Maybe it only works in one direction?

I have two employee pensions, both with same pension provider, and even then I can't get them consolidated as the paperwork would take so long it isn't worth it.

Billionaire philanthropist Connie Ballmer is an avid NPR listener. Now she wants to cement its future. The philanthropist, a longtime listener, donated $80 million to the media organization after the Trump administration cut funding.

The philanthropist, a longtime listener, donated $80 million to the media organization after the Trump administration cut funding. on.wsj.com/4vDjn4U

This is very good. Abundance is a good book about the US but not very relevant for the UK.

Also populism = 'avoiding difficult choices' is a great definition.

Reader made it, v good includes joys such as:

Find a local beekeeper to take them to a hive before they settle or you'll need a different garden for the summer...

(Open on a PC, not phone)

Hormuztoll.ai

Merchant vessels report gunfire as they attempt to cross Hormuz, shipping sources say At least ​two merchant ‌vessels said they were ​hit by ​gunfire as they ⁠attempted ​to cross the ​Strait of Hormuz on Saturday, ​three ​maritime security and shipping ‌sources ⁠said.

Merchant vessels report gunfire as they attempt to cross Hormuz, shipping sources say reut.rs/3QLIUJa

Surely "Open this hour"

Shocking new diet reported in the FT

"The Royal Bank of Canada reported this month that Canadians returning from the US shrank 25 per cent year over year in 2025"

Rice is the really obvious way to see how dumb this policy is. If global prices rise above the cap, Scottish supermarkets will stop importing rice. Process is more complex for UK produced goods but the effect is the same: you can avoid price rises, but only by creating shortages.

Efficiency with tech, EU style

Careful: oil is a (fairly) global market, gas still isn't. US natural gas prices are significantly lower than Europe as it is hard to export

Tillis, on the social media site that shall not be named, posts a picture of the Three Stooges to represent Pirro's office

Saudi Arabia’s Wealth Fund Unveils New Strategy to Boost Returns Saudi Arabia’s sovereign wealth fund will reorganize its investments into three portfolios as it seeks to boost returns at a time when the kingdom contends with the economic costs of the Iran war.

Simply skipping the odd desert ski resort opportunity or insane new city construction would do it

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

Shoe business lost too much money so pivoting to AI, where shareholders welcome losses

Yes London is expensive but tomorrow you can watch a one-day cricket match at the Oval and see the London Symphony Orchestra at the Barbican and it will cost you a grand total of less than than £30.

Although taking this line out of context suggests he wants a big drop in the pound (he doesn't, as far as I know): "In other words, we trust that a dollar or pound in my account is worth the same as the dollar or pound in your account."

Andrew Bailey on good form in today's speech in NY:

See it reads like he's upset about old tech but actually he's concerned that 180 years is much too recent.

(Also this is a great example of Germany bias: Constant moaning that we should be more like G in manufacturing and vocational education, but zero calls for more fax use)

"The overall effect on growth in advanced economies of the conflict in the Middle East is modest...with a large negative effect expected only in some net energy-importing economies, such as the euro area and the United Kingdom."