Wall Street Futures Jump on Iran Truce, Big Tech Earnings and Fed Decision Loom
US stock futures surged early Monday as traders welcomed the pause in Middle East fighting just as one of the busiest earnings weeks of the year gets underway. Dow futures gained about one percent, the S&P 500 added nearly one percent, and Nasdaq 100 futures jumped roughly one point four percent. The rally follows a…
Bipartisan Lawmakers Propose ‘Great American AI Act’ to Tackle Rogue AI Models
Two House lawmakers from opposite parties introduced legislation last week that would give federal regulators new power to block the deployment of the most powerful AI models when they pose an imminent catastrophic risk. Reps. Jay Obernolte, a California Republican, and Lori Trahan, a Massachusetts Democrat, unveiled the bill on Thursday. The measure is formally…
Insider Places Polymarket Bet on Strait of Hormuz Fully Reopening Before End of August
An insider has placed a bet on vessel traffic in the Strait of Hormuz returning to “normal” levels before the end of August. They placed the bet on Saturday evening, just three hours before Iranian Foreign Ministry Spokesperson Esmail Baghaei announced they had made “progress” toward reopening the Strait of Hormuz after holding talks with…
Senate Blocks Effort to Rein In Trump’s Iran War Powers After 49-47 Vote
A push to force congressional oversight of the Iran conflict failed in the Senate last week, with the chamber voting 49 to 47 against a resolution that would have required the White House to seek approval before further strikes. The narrow defeat underscored deep divisions even within the president’s own party over how far the…
Oil Crashes 7% as Iran Ceasefire Holds Through the Weekend
Crude oil tumbled sharply on Monday after Washington and Tehran both stepped back from two weeks of direct strikes on each other. Brent crude dropped as much as seven percent below ninety dollars a barrel before clawing back roughly half of that loss by midday. The pullback triggered a broader relief rally across stocks, bonds,…
Strategist’s TACO Formula Predicts Trump Ceasefire Pivot With Striking Precision
Analysts at Signum Global Advisors developed a mathematical formula to predict when President Trump would reverse course on military escalation with Iran. The term “TACO,” short for “Trump always chickens out,” has become a widely used shorthand among market strategists tracking the president’s foreign policy pivots. Signum analyst Andrew Bishop led a team that selected…
Salary Transparency Laws Are Giving Workers Real Leverage In Pay Negotiations
New legislation in Virginia and Maine is shifting the balance of power in salary negotiations firmly toward job seekers and employees. The two states are the latest to require employers to disclose salary ranges in job postings, bringing the nationwide total to 18 states and Washington, D.C. Virginia’s law took effect on July 1, with…
Oil Prices Post Biggest One-Day Drop In Two Months As US-Iran Strike Pause Extends
Brent crude oil prices fell sharply Sunday, recording their steepest single-day decline in two months after a second consecutive day passed without military strikes in the Persian Gulf. The international benchmark Brent crude dropped 4.9% to $92.02 per barrel shortly after trading resumed Sunday, following a 3.9% decline on Friday. Brent crude had briefly surged…
AST SpaceMobile (ASTS) Premarket Gains Do Little To Silence Analyst Warning Of ‘Too Little, Too Late’ Threat From Starlink
AST SpaceMobile (ASTS) shares jumped more than 4% in premarket trading Monday, even as a prominent satellite analyst cast serious doubt on the company’s competitive future. Satellite analyst Tim Farrar argued on X that AST SpaceMobile could arrive “too little, too late” in the direct-to-device race against Starlink’s expanding satellite network. Farrar said AST’s low-band…
RTX (RTX) Defies Broader Market Weakness With Independent Return Profile
RTX Corporation has emerged as a rare bright spot during a difficult stretch for equities, climbing 7.6% over the last five trading days while the S&P 500 slid 1.7%. That outperformance coincided with the company reporting strong second-quarter results and raising its full-year financial outlook, giving investors fresh confidence in the defense and aerospace giant….
