Moscow and Tehran sign key rail deal

The new route will help diversify global trade flows, according to President Putin Russian President Vladimir Putin and his Iranian counterpart Ebrahim Raisi have taken part in a signing ceremony, via video link, for an agreement on the construction of a rail line between the Iranian cities of Rasht and Astara, the Kremlin press service … Read more

Biden Proposes Joint Military Action with Israel Against Iran

US media reports that the states have proposed to Israel to start developing joint military measures against Iran. — ๐•Š๐•ก๐•ฃ๐•š๐•Ÿ๐•ฅ๐•–๐•ฃ ๐•ป๐•ฃ๐•–๐•ค๐•ค (@SprinterPress) May 17, 2023 ๐Ÿšจ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ‡บ๐Ÿ‡ธ Biden administration proposed to Israel a few weeks ago the idea of engaging in joint military planning on Iran, but Israeli officials have so far treated the proposal with … Read more

Supreme Court upholds California ban on sale of flavored tobacco products

WASHINGTONย โ€”ย  The Supreme Court on Monday rejected a last-minute plea from the tobacco industry and cleared the way for California to enforce a statewide ban on the sale of most flavored tobacco products, including menthol cigarettes. The courtโ€™s action has the effect of upholding a measure passed by the Legislature in 2020, which in turn … Read more

Swiss government: “You’re going to buy this catshit.” UBS: “But, it’s actually not just catshit. It’s dogshit wrapped in catshit.” Swiss government: “You’re buying it anyway.”

via reuters: HONG KONG, May 17 (Reuters) – UBS Group AGย (UBSG.S)ย was rushed into buying cross-town rival Credit Suisse Group AGย (CSGN.S)ย in a deal it did not want, as a global bank crisis worsened the latter’s finances and prompted authorities to take swift action, a regulatory filing showed. UBS, in a Tuesday filing to the U.S. Securities … Read more

Germany and UK take note

Meanwhile, in Finland ๐Ÿ‡ซ๐Ÿ‡ฎ Germany ๐Ÿ‡ฉ๐Ÿ‡ช and UK ๐Ÿ‡ฌ๐Ÿ‡ง take note. pic.twitter.com/rsXXKy3Ztr — James Melville ๐Ÿšœ (@JamesMelville) May 17, 2023

WHY IS CNBC DEFENDING GEORGE SOROS?

CNBC asks Musk: Why criticize George Soros rather than make money? Er โ€ฆย why not? Itโ€™s possible to do both, at least if one doesnโ€™t treat a massive political player as somehow sacrosanct and above criticism. On Monday, Elon Musk took a potshot at George Soros, which prompted an exchange with Brian Krassenstein over Sorosโ€™ impact … Read more

Annual inflation on supermarket own-label budget items in the UK stepped up to 25% in April and I bet that’s underreported

via theguardian: Some meat and vegetable lines at supermarkets have almost doubled in price over the past year, research has found, prompting fresh calls for the government to intervene as food industry figures gather for summit in Downing Street. Annual inflation on supermarket own-label budget items stepped up to 25% in April, according to the … Read more

S&P 500โ€™s forward 12m operating margin has started to roll over this month

S&P 500โ€™s forward 12m operating margin has started to roll over this month, but hasnโ€™t yet cut below its recent April low pic.twitter.com/to4WkIJeiM — Liz Ann Sonders (@LizAnnSonders) May 17, 2023 #Earnings alert!To say something about the direction of company earnings, using bottom-up data only, will likely give you a biased view as analysts tend … Read more

Rental and wage inflation are still on the rise

NYC rental inflation hits fastest since 2005, per Bloomberg: pic.twitter.com/F4mTZkZrGx — unusual_whales (@unusual_whales) May 17, 2023 Atlanta FED median wage growth tracker Updated for April pic.twitter.com/hRJ65VgZXj — Alessio (@AlessioTMAD) May 17, 2023 Rising inflation is increasing anxiety among Americans. The high cost of — everything: Rising inflation rates are ramping up anxieties among some groups … Read more