Keep pulling the thread on Jerome Powell.
Brent crude oil prices rose above $119.50 per barrel, reaching their highest level since June 2022.
The Federal Reserve may begin cutting interest rates, even with high oil prices, if the labor market deteriorates and economic growth slows.
The IPO for Pershing Square USA was priced at $50 per share, with an initial indicated trading range of $32.50 to $37.50.
The President has reportedly instructed aides that the U.S. strategy is to maintain an extended blockade of the Strait of Hormuz to pressure Iran.
President Trump met with oil and gas executives, including Chevron CEO Mike Wirth, to discuss policy options regarding the conflict with Iran.
The Foreign Intelligence Surveillance Act (FISA) is set to expire tonight, and the House of Representatives has not yet passed a reauthorization bill.
The military operation related to Iran has cost $25 billion to date.
Pershing Square raised $5 billion for a dual IPO in the United States.
Pershing Square has generated an average annual return on equity of 19% over the last 22 years.
Since adopting a permanent capital structure eight years ago, Pershing Square has generated a 24.9% annual return.
Howard Hughes Holdings, a Pershing Square portfolio company, has signed an agreement to acquire Vantage Holdings, with the deal expected to close within 60 days.
The U.S. Department of Justice transferred its investigation into Federal Reserve Chair Jerome Powell to the Federal Reserve's Inspector General.