The Kobeissi Letter
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US and Iran extend 60-day ceasefire as expiration deadline loomed
The United States and Iran reportedly agreed to extend their 60-day ceasefire that was set to expire today, according to Al Arabiya. Key points: the...
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Reddit shares jump 11% after S&P 500 inclusion news
Reddit’s stock (RDDT) rose more than 11% after S&P Dow Jones Indices announced its inclusion in the S&P 500. Inclusion typically leads to...
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AOC becomes projected winner of 2028 Democratic presidential nomination
Projection: Alexandria Ocasio-Cortez is now projected to win the 2028 Democratic presidential nomination. Market odds for Gavin Newsom have...
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July PPI inflation falls to 4.7%, below 4.9% forecast
July Producer Price Index data: headline PPI rose 4.7% year over year versus 4.9% expected. Core PPI, which excludes food and energy, increased 4.2%...
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Trump says US keeps total control over the Strait of Hormuz
President Trump stated that the United States has “total control” over the Strait of Hormuz and added, “I think we will keep it.”
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Gold futures surge above $4,500 per ounce for first time since June
Gold futures moved above $4,500 per ounce for the first time since June 5, up 14% since July 17. The post implies market participants expect further...
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Trump says the U.S. demands compensation from Iran
A public statement by President Trump that the United States is demanding compensation from Iran signals heightened geopolitical tension. Markets...
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US Strategic Petroleum Reserve falls below 300 million barrels
US Strategic Petroleum Reserve inventories fell below 300 million barrels for the first time since 1983, down 6.1 million barrels last week to 298.7...
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Intel announces $15B stock sale; shares drop 5%
Intel shares fell 5% after the company announced a $15 billion common stock issuance to fund AI infrastructure and growth initiatives. The equity...
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SpaceX shares climb 30% in three days, top IPO price
SpaceX’s stock SPCX has moved back above its IPO price and gained 30% over the last three days. This signals renewed investor demand and improved...
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Trump considers leaving Iran conflict if Tehran reopens Strait of Hormuz
President Trump is reportedly considering ending the Iran conflict without a nuclear deal if Iran fully reopens the Strait of Hormuz, according to...
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Berkshire Hathaway starts deploying $397.4B cash, buys stocks in Q2
Berkshire Hathaway has started deploying its record cash position after 14 consecutive quarters of accumulation. The firm turned net buyer of...
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Gold futures jump above $4,400 after US loses 23,000 jobs
Gold futures rose above $4,400 per ounce, the highest since June 5, after US nonfarm payrolls declined by 23,000 in July. The move extends gold’s...
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US economy sheds 23,000 jobs in July, missing forecasts
The US economy lost 23,000 jobs in July versus expectations of a gain of 85,000 jobs. The unemployment rate decreased to 4.1% versus 4.2% expected....
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Chipotle shares fall 12% after jalapeño-linked salmonella outbreak warning
Chipotle shares fall 12% this week after the company said its jalapeño supply may be linked to a salmonella outbreak. The disclosure increases...
