PBOC is expected to set the USD/CNY reference rate at 6.8400 – Reuters estimate
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade […]
Smokey Robinson’s $500M Countersuit Against ‘Jane Doe’ Accusers Partially Dismissed
Smokey Robinson‘s $500M legal clapback in an ongoing sexual-assault civil suit hit a major speed bump in court … but it wasn’t a total wipeout. A Los Angeles judge dismissed several claims filed by Robinson and his wife, Frances — including major defamation claims — against the women publicly accusing him of sexual assault. The […]
Israel UN envoy warns Lebanon ceasefire extension “not 100%” despite White House deal
Israel’s UN Ambassador Danon tells CNN the Lebanon ceasefire extension is “not 100%,” warning Hezbollah is firing rockets to sabotage the truce and the Lebanese government cannot control the group. (CNN/Truth Social). Summary: Trump announced via Truth Social that the Israel-Lebanon ceasefire has been extended by three weeks following an Oval Office meeting The meeting […]
Nationals To Recall Riley Cornelio For MLB Debut
The Nationals are going to recall right-hander Riley Cornelio, reports Spencer Nusbaum of The Athletic. The Nats announced that righty Julian Fernández was optioned to Triple-A Rochester after today’s game, so Cornelio is presumably the corresponding move. Cornelio, 26 in June, was a seventh-round pick of the Nats in 2022. As a minor leaguer, he […]
Families of Missing, Dead Scientists Call Bull on Possible Connections
The FBI says it plans to dig into possible connections between the disappearances and/or deaths of at least 10 scientists and government workers over the last few years … but their family members say it’s all a bunch of baloney. The House Oversight Committee announced Monday they’re probing any possible connections between 10 cases dating […]
ICYMI: Iran war forces Asia refiners to slash runs, putting diesel and jet supply at risk
Via Reuters, ICYMI, the info that Asia crude imports on track for a 22% annual fall to a 10-year low in April as the Hormuz closure forces refinery run cuts. Diesel and jet fuel output losses seen at up to 2 million bpd. Summary Asia’s crude imports on track to fall 22% year-on-year to 20.4 […]
Trump proposes taxpayer takeover of Spirit Airlines instead of bailout
The Points Guy founder Brian Kelly discusses how Spirit Airlines’ bankruptcy could impact travel. President Donald Trump has doubled down on the idea of a taxpayer-funded takeover of Spirit Airlines rather than a traditional bailout, an approach critics previously described as highly problematic. Trump reaffirmed his interest in offering the airline a financial lifeline during […]
Mike Vrabel, Dianna Russini All Smiles At Casino Weeks After Titans Firing In 2024
Mike Vrabel got over his Titans unemployment by hitting a casino with none other than Dianna Russini … and he seemed pretty happy, even though Tennessee kicked him to the curb just weeks prior to this photo. TMZ Sports has obtained a pic of the current Patriots head coach and former Athletic insider at the […]
Goldman Sachs: Gulf crude production may mostly rebound quickly after Hormuz opens
Goldman Sachs estimates 57% of Gulf crude output was offline in April. A Hormuz reopening could restore most supply within months, but tanker shortages and well damage may slow recovery. (Reuters with the info) Summary Goldman Sachs estimates around 14.5 million bpd of Gulf crude output, roughly 57% of pre-war supply, was offline in April […]
Harley-Davidson recalling 17,000 motorcycles over brake failure risk
Check out what’s clicking on FoxBusiness.com. Harley-Davidson is recalling nearly 17,000 motorcycles over a potential brake failure issue that could heighten the risk of a crash, according to federal regulators. The recalled motorcycles include 2025 and 2026 models. Affected motorcycles include the Harley-Davidson FXLRS with a production date from Dec. 5, 2024, to March 16, […]
