US Seizes Iranian Ship Touska as Iran Shuts Strait Again
USS Spruance fired into the engine room of the Iranian cargo ship Touska in the Gulf of Oman on April 19, and Iran responded by shutting the Strait of Hormuz.
James Calloway13 min read
Business
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Economy Iran Refuses Second Pakistan Round as Ceasefire Erodes
Tehran said April 20 it will not attend the second round of Pakistan-hosted US-Iran talks, citing the Touska seizure as a breach of the two-week ceasefire.
James Calloway11 min read
Economy Trump Approval Hits 37% as Iran War, Gas Prices Drag Polls
An NBC News poll released April 19 put Trump's approval at 37%, a second-term low, as 67% disapproved of his handling of the Iran war and 52% of the economy.
James Calloway12 min read
Economy Global Stagflation Risk Tested as Iran War Shock Lingers
Seven weeks of Iran war has pushed the global economy toward stagflation as PMI, inflation, and sentiment data this week will confirm whether slowdown is synchronized.
James Calloway11 min read
Economy Russia Pulls Back Business Subsidies as Budget Strains Mount
Russia's economy minister said April 17 the government will scale back new business subsidies as reserves fall, growth slows to 1%, and the deficit hits 4.6T rubles.
James Calloway10 min read
Markets Stocks Hit Record as Strait of Hormuz Reopens, Oil Slides
The S&P 500 hit a record and Brent crude fell below $90 after Iran reopened the Strait of Hormuz, but analysts warn the supply chain recovery will take months.
James Calloway13 min read
Markets Regions Financial Beats Q1 EPS as Loan Growth Offsets Revenue Miss
Regions Financial reported Q1 2026 EPS of $0.62 versus $0.60 expected, with revenue of $1.87B missing estimates but strong loan growth lifting the stock 1.47%.
James Calloway9 min read
Markets Tesla Breaks 8-Week Losing Streak on Hormuz, Robotaxi Hopes
Tesla closed April 17 at $400.62, up 3.01%, ending an 8-week slide on a reopened Strait of Hormuz, EV demand hopes, and anticipation of the April 22 earnings print.
James Calloway8 min read
Markets Wall Street Preps for Tesla, Boeing, Intel as S&P 500 Peaks
Heavy Q1 earnings week ahead with Tesla, Boeing, Intel and P&G reporting as the S&P 500 sits at records. Kevin Warsh Fed hearing and retail sales also in focus.
James Calloway10 min read
Markets S&P 500 Hits Record; Hedge Funds Set Best Month in a Decade
The S&P 500 reclaimed all-time highs as long-short hedge funds posted a 7.7% April gain, the best monthly performance Goldman Sachs has tracked since 2016.
James Calloway10 min read
Economy Trump Isolated as Allies Refuse Iran Blockade Support
US alliances with Europe are near breaking point as Washington freezes allies out of Iran war consultations and multiple partners refuse to join the Hormuz blockade.
James Calloway11 min read
Markets Oil Dips Below $95 as Iran Ceasefire Talks Lift Hopes
Crude oil fell below $95 per barrel as markets grew cautiously optimistic about a US-Iran ceasefire extension and reports Iran may reopen the Strait of Hormuz.
James Calloway9 min read