Iran Shoots Down US Drone, Stoking Tensions and Sending Oil Surging
Analyst: “Geopolitics is helping oil bulls to make a spectacular comeback after a few days’ of directionless trading.”
Read MoreAuthor: JT Crowe
Fed Leaves Rates Unchanged, No Cuts Until 2020 Unless Economy Goes South
The Fed characterized the labor market as “strong” with “solid” job growth despite May’s bad numbers.
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Dirty Pool: China Raises Tariffs on US While Lowering Them for American Rivals
Presidents Trump and Xi of China are scheduled to meet during the G-20 summit in Osaka, Japan.
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Frenchman, LVMH Chair Arnault Is Third in World to Reach $100B in Worth
Arnault’s $100.4B fortune equals more than 3% of France’s economy, highlighting an extreme wealth gap.
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Stockman: Fed Would Be ‘Totally Nuts’ to Cut Rates
Stockman: “Real GDP growth on average over the last 11 years is 1.5%, the lowest in history.”
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