Merlin_Asset

There's a condition that’s going around the music industry right now: Blue Dot Fever. Post Malone, Meghan Trainor and The Pussycat Dolls are the latest artists that have come down with it.

Global airlines are cancelling flights at an unprecedented pace: Airlines have cut 2 million seats and 12,000 flights worldwide from their May schedules over the last 2 weeks, reducing the total available seats to 130 million. This comes as jet fuel costs have DOUBLED since the Iran war began, forcing carriers to cancel unprofitable routes, switch to smaller aircraft, and raise ticket prices. Turkish Airlines and Air China account for the largest seat reductions, cutting ~520,000 and ~490,000 seats, respectively. Lufthansa leads in flight cancellations, at ~4,000 flights in May alone, with the airline having removed 20,000 flights from its schedule between May and October. Meanwhile, Gulf carriers, including Emirates, Etihad, and Qatar Airways, are still operating well below pre-conflict capacity, as the closure of Gulf airports has disrupted ~33% of all European journeys to Asia. Singapore and Tokyo airports asked carriers not to add extra services to limit jet fuel use, and Vietnam introduced jet fuel rationing. The global aviation shock is spreading.

CHEVRON CEO WIRTH: PHYSICAL SHORTAGES IN OIL SUPPLY ARE STARTING TO EMERGE AS A RESULT OF THE STRAIT OF HORMUZ CLOSURE.

The European Commission literally just dropped a research on how to collect more taxes without making you angry enough to leave. TLDR: higher wealth taxes, inheritance taxes + exit tax is coming

IRAN'S FARS NEWS AGENCY REPORTS THAT TWO MISSILES STRUCK A U.S. WARSHIP NEAR JASK ISLAND AFTER IT DISREGARDED WARNINGS FROM IRAN. THE AGENCY ALSO STATES THAT THE U.S. WARSHIP RETREATED FROM THE LOCATION.

TRUMP'S SONS HAVE TAKEN A STAKE IN A KAZAKH MINING FIRM THAT SECURED A $1.6 BILLION US CONTRACT. - FT