Latest news with #JohnAuthers
Bloomberg
2 days ago
- Business
- Bloomberg
MAGA Doesn't Mean Making Profits Great Again
Save To get John Authers' regular newsletter delivered directly to your inbox, sign up here. Corporate America's profits are slipping. Last week, the Bureau of Economic Analysis confirmed that corporate post-tax profits dropped in the first quarter by 3.3% — by far their biggest fall since the pandemic.
Bloomberg
3 days ago
- Business
- Bloomberg
The Market Is Getting Back to Ignoring Iran
To get John Authers' newsletter delivered directly to your inbox, sign up here. Glad it's all over? The conflagration in the Middle East, like all those that went before it, mattered chiefly to global markets if it threatened the supply of oil. Iran could, if it wanted, stop tankers from going through the Strait of Hormuz for a while. The perception that it might do so (at great cost to itself) reared after the US attacked Iranian nuclear facilities, and then dwindled when Iran's limited response against a regional US air base showed that it wouldn't go that far. This is how odds moved on the Polymarket prediction market:
Bloomberg
4 days ago
- Politics
- Bloomberg
There's Another Ceasefire That's Ticking
Save To get John Authers' newsletter delivered directly to your inbox, sign up here. Can the ceasefire last? Is a further escalation truly avoidable? There are less than two weeks before a deadline that could lead to devastating reprisals. The conflict that has dominated attention this year is merely in abeyance.
Bloomberg
5 days ago
- Business
- Bloomberg
Is It Over When Trump Says It's Over? We'll See
To get John Authers' newsletter delivered directly to your inbox, sign up here. What on earth is going on? In one of the strangest days of trading oil in history, Brent crude breached $80 per barrel at the first chance to react to the US attack on Iranian nuclear facilities, and then fell. When Iran retaliated by firing missiles at a US military base in Qatar — which might have been expected to send prices upward again — the fall turned into a rout, and Brent dropped below $70. That was a total decline of 13% in response to what appeared to be terrible news.
Bloomberg
6 days ago
- Politics
- Bloomberg
Trump Doesn't Always Chicken Out
To get John Authers' newsletter delivered directly to your inbox, sign up here. Trump didn't chicken out this time. As the US attempt to obliterate Iran's nuclear sites ratchets up geopolitical tensions, the next critical question in the game of chicken is what the Islamic Republic does to retaliate. Its parliament has already voted to block the Strait of Hormuz, through which about 20% of global oil supply flows. If the country were to go through with that — and parliament doesn't make the decision — then risk will climb higher. Prediction markets think it will probably happen:
