EverQuote: The Market Is Pricing In A Hard Normalization

Supply rebound The surge in crude shipments helped push global observed inventories higher for the first time since the war began, with oil held on water climbing by 117 million barrels, more than offsetting a 96 million barrel drawdown in onshore stocks, of which 44 million barrels came from government reserve releases. While crude supply…

As I sat down to start my work week, I realized that I didn’t eat a single hot dog over the holiday weekend to celebrate the 250th birthday of America. Instead, I sat at Otto’s Pub and Brewery in State College, PA, with my gluten free Beef on Weck and birch beer float. I would…

The Clarity Act will need to be sold to a large number of Democrats in the coming days, if it’s going to advance from the Senate before Congress’ summer break and the focus on this fall’s midterm elections. Though a new and potentially final draft is set to emerge as soon as Tuesday, it’s still…

Shares of IDBI Bank jumped around 3% on Wednesday after the government finalised Canada’s Fairfax Holdings for the sale of its stake in the bank, in a deal expected to be worth around Rs 53,000 crore ($5.5 billion). The shares of the company jumped to Rs 88.99 apiece on Wednesday morning after people familiar with…

Key insight: PayPal has added its PYUSD stablecoin to blockchain technology firm Polygon’s payment rail.  What’s at stake: An increasing number of banks and fintechs are expressing interest in stablecoins. Forward look: OpenUSD, a potentially large stablecoin with lots of bank support, is scheduled to launch later this year.  As banks plot their stablecoin strategies,…

While the rest of the world sends visitors here to have their minds blown by a Buc-ees, I’m reminded of something I’ve believed for 47 years. Listen to the audio version of this article (generated by AI). In September 1989, Boris Yeltsin came to America. At the time, he was a rising political figure inside…