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Red-hot demand for high-risk leveraged and inverse single-stock ETFs may be starting to cool.
U.S. aims to defeat Iran with more sanctions, how auto makers lose from new tariffs, ETF closures have nearly doubled this year, and more news to start your day.
The Federal Reserve's pandemic corporate credit facilities have capped downside risks and remain part of its tool kit, says BofA Global
Steve and Ben discuss Scott Bessent's forthcoming intervention in the bond market, as yields move higher and U.S. national debt ticks above $40 trillion.
Iran pledges retaliation as U.S. Treasury Secretary Scott Bessent unveils a plan to isolate Tehran's economy, threatening secondary sanctions on its "enablers". CNBC's Dan Murphy reports from Abu Dhabi.
Oil prices extend losses despite supply concerns ahead of Washington's "economic D-Day" plan. Tehran is "fully prepared" to withstand more U.S. sanctions, said Iranian Economy Minister Ali Madanizadeh.
UBS, the Swiss bank, expects the Federal Reserve to leave interest rates unchanged despite competing pressures from a strained housing market and strong artificial intelligence (AI) investment. Federal Reserve Chair Kevin Warsh, who is approaching 100 days in office, faces this dilemma as the annual Economic Policy Symposium in Jackson Hole runs from Thursday to Saturday.
The U.S. manufacturing industry will turn to robots to fill open jobs, according to JPMorgan research.
Ed Morris, Senior Adviser and Commodities Expert, discusses the recent fall in Brent crude oil prices. The decline is attributed to market attention on the potential impact of Iran sanctions, which are influencing supply expectations and investor sentiment in the commodities market.
Beijing threatened to retaliate against the US and signaled it won't back away from its cooperation with Iran after the Trump administration's latest sanctions targeted businesses in China and Hong Kong. Bessent unveiled dozens of new sanctions on entities, individuals and vessels, but the main thrust of a high-profile press conference was threatening so-called secondary sanctions against companies and countries that continue doing business with Iran.
Ukraine's drone campaign is expanding from Russia's Amazon-style retail giant Wildberries to major e-commerce marketplace Ozon. Ozon shares plunged nearly 30% on Monday, highlighting the growing financial impact of Ukraine's strikes on Russia's retail sector.
West Texas Intermediate and Brent crude's contracts for October delivery both declined by about 3%.
Cross-asset implied volatilities rose across the board as Treasury market concerns trickled into equities and the other major asset classes. The VIX Index underperformed skew last week, bouncing off its YTD low and rising 0.9 pts w/w to 15.1 on the -1.4% SPX pullback.
Plus: EV-maker Polestar says Trump administration strung it along before U.S. ban and government proposes new six-figure fee for H1-B visas.
Goldman Sachs, Citigroup, JPMorgan Chase and Bank of America face questions from the SEC, which is looking into how Situational Awareness nearly collapsed, according to multiple reports.
