Another fun night on risk markets as Trump folded on his tariff tirade with a 90 day stay of execution – except for China and everyone still gets a 10% hit irregardless of surplus/deficit/other vagaries – so of course the short covering was epic with Wall Street lifting 10% or more after the Royal Twit
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Ten men, some wearing camouflage, others in vests loaded with ammunition for their AR-15 rifles, gathered under the morning shade of oak trees in Central Florida last month. They were there to learn marksmanship tactics common among Special Operation forces and elite law enforcement units.
DXY was stable. AUD through the roof. Concrete boots now. Oil and gold rally. Copper is the loon metal. Others dour. Big miners stuffed. EM pumped. Credit stress gone. But yields up. Stocks to the moon! All markets are now the plaything of the Orange Madman. Bloomberg. President Donald Trump announced a 90-day pause on
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Kyiv, UkraineCNN — Ukrainian President Volodymyr Zelensky said two Chinese nationals fighting in the Russian army have been taken prisoner in eastern Ukraine.
Zelensky said Tuesday that Ukrainian forces fighting in the Donetsk region obtained the Chinese nationals’ documents, bank cards and personal data.
Ben is joined by Stewart Jackson and Phoebe Hayman to discuss the role of the Greens in the federal election: the seats they are defending and are challenging for, the rivalry between Labor and the Greens and how the electoral system shapes their relationship. The seat of the week is Wills, in the inner north of Melbourne.
Israel’s slaughter of Palestinians in Gaza, and now its seizing of their land is the worst example of genocide since the horrors of the genocides of Darfur in Sudan in 2003 and Rwanda in the 1990s.
US President Donald Trump has raised the tariffs on Chinese goods to 125% in response to retaliatory measures imposed by Beijing earlier on Wednesday.
In a post on his Truth Social platform, Trump wrote that “based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately.”