EconReporter

5 PLAN vessels and 1 official ship operating around Taiwan were detected up until 6 a.m. (UTC+8) today.

Stock plunge sparks trading halt in South Korea's key indexes The Kospi plunged 12 per cent on Wednesday (Mar 4), extending a steep selloff from the previous day as the escalating war in the Middle East rattled investor sentiment.

South Korea is the world's fourth-largest oil importer. It relies almost totally on imports for its energy, with around 70 per cent of its oil imports coming from the Middle East.

*SOUTH KOREA'S KOSPI INDEX FALLS 12% TO 5,096.16

Blue is a poor color choice for land

Axel Springer acquires Bisnow to expand American media portfolio - Washington Business Journal Bisnow has joined a growing media empire.

Axel Springer, German media firm that owns Politico and Business Insider and Morning Brew, has acquired commercial real estate media and events business Bisnow. Terms weren't announced. Sold by Wicks Group which acquired Bisnow for reported $50 million in 2016. www.bizjournals.com/washington/n...

If you ask them about free cash flow 1000 more times, they would release their busy cashflow figures!

Did the Mag 7 get cheaper on earnings or more expensive on free cash flow?

this is quite sad to hear

Powell’s institutional defenses have rested on bipartisan relationships over eight tumultuous years. All of that walks out the door in a few months

“Whether the institution continues to stand up shouldn’t hinge on an individual,” said @claudia-sahm.bsky.social. “That’s not a very robust protection”

Former Fed officials worry its independence won’t be secure until the president himself backs off. “I’m very pessimistic about whether the U.S. can avoid total partisan control of monetary policy over the remainder of Trump’s term,” said Jon Faust, who served as Powell’s senior adviser from 2018-24.

Powell Won, but the Fed Might Still Lose Current chair wields deep bipartisan support and personal independence, but Trump has a closer relationship to his successor and three years to tighten his grip.

Any lawyer’s advice would have been to keep quiet. But Powell had decided to break the seal on the DOJ probe. All that was left was getting the words right. His lawyer drove to his house and helped him flip the script.

The question now is whether the Fed has won a battle while losing a war.

K-pop'd

Taking a pause from primary election stuff to highlight the wheels now firmly off in APAC trading as Korea falls 7% led by memory stocks. They were down 15% yesterday, with the KOSPI -7% overall. Weeeeeeeeee

I really enjoy this site, for what that’s worth. Not as much online as I was on Twitter but so much happier when I am. And want to amplify where I can, so ping me if I haven’t spotted people yet.

Ok Claude is again acting strange again

Ain't never been a regression model born that can handle structural breaks

Notice that... United States is an **Origin** country in this graph

And this is the amount of LNG going through Strait of Hormuz, per EIA data

here: www.eia.gov/todayinenerg...

So much of fatherhood is breaking down cardboard boxes

Kuwaiti Fighter Jet Mistakenly Shot Down American F-15s, Initial Reports Say A Kuwaiti F/A-18 fighter jet was the cause of the accidental shootdown of three American F-15s on Sunday, according to three people familiar with initial reports of the incident. One F/A-18 pilot laun...

A Kuwaiti F/A-18 fighter jet was the cause of the accidental shootdown of three American F-15s on Sunday, according to three people familiar with initial reports of the incident.

All three U.S. aircraft went down, but their pilots ejected safely.

www.wsj.com/livecoverage...

lol~

This is a Bank of Canada study about...[check note] ... 47 lower-income people's financial diaries...

www.bankofcanada.ca/2026/03/staf...

Exclusive-US turns up heat on Venezuela with threat to indict new leader Delcy Rodriguez By Sarah Kinosian and Matt Spetalnick CARACAS/WASHINGTON, March 3 (Reuters) - The Trump administration is quietly building a legal case against Venezuelan interim president Delcy Rodriguez including

Federal prosecutors have put together possible corruption and money laundering charges, and have communicated to Rodriguez that she is at risk of prosecution unless she ‌continues to comply with Trump’s demands, sources said

Central to debunking the "hyperglobalisation" argument is @simonlester.com's rebuttal of the accusation from some Republicans and Democrats that WTO dispute settlement became too rigid and too legal, leaving little room for diplomacy to resolve conflict. The facts show the opposite, he says.

Supermarket inflation 3.2% YoY MTD Feb BofA Nielsen data

+42.7% on the 6-year stack

the section about "CPS Population Controls" is a must read!

Eurozone inflation sees unexpected rise: Is the worst yet to come? Eurozone inflation rose to 1.9% in February, above expectations, before Middle East tensions sent oil and gas prices sharply higher.

Eurozone inflation rose to 1.9% in February, above expectations, before Middle East tensions sent oil and gas prices sharply higher.

Carney Says Middle East War Shows Death of Rules-Based Order Canadian Prime Minister Mark Carney said his support for US military action in Iran came “with regret” because the current conflict is another example of the failure of the international order.

Carney said his support for US action in Iran came “with regret” because the conflict is another example of the failure of the rules-based order — and he added it appears to violate international law

www.bloomberg.com/news/article... @brianplatt.bsky.social @twseal.bsky.social @bloomberg.com

“Automatically refunding unlawfully collected IEEPA tariffs is the right thing to do, likely to be politically popular, and feasible today for most imports. It would only be a logistical nightmare if the Trump administration chooses to make it one,” say Cato scholars.

t.co/jHI5Jkd11d