Category: Economy

Patriot Missile Stockpile A Fraction Of What Pentagon Needs As Trump Arms Ukraine Via The Libertarian Institute The ongoing wars in the Middle East and Ukraine have depleted US stockpiles of missile interceptors. The Pentagon has just a quarter of the Patriot missiles it needs. According to the Guardian, “The United States only has about 25% of…

Philly Trash Standoff Ends As City’s Largest Municipal Union Reaches Tentative Agreement, Ending Strike After more than a week of stalled trash collection, closed libraries, and disrupted city services, the City of Philadelphia and its largest municipal union have reached a tentative agreement, bringing an end to a major strike that began July 1, according…

America Must Lead On Seafloor Mineral Development Authored by Alina Voss via RealClearEnergy, An untapped energy savior might just be sitting on the ocean floor. From AI to defense to clean energy, critical minerals remain pivotal to securing the United States’ competitive edge. Unfortunately, supply chains remain precariously dependent on foreign control, often from adversarial…

“Most Significant Seismicity Since 2009”: Quake Swarm Detected At Washington’s Mt. Rainier The U.S. Geological Survey (USGS) at the Cascade Volcano Observatory reported Tuesday that an earthquake swarm has been detected beneath Mount Rainier in Washington State. While this marks the most significant seismic activity at the volcano since 2009, the USGS emphasized that there…

French Intelligence Chief: US Overstated Iran Strike Impact & We Don’t Know Where The Uranium Is The head of France’s foreign intelligence agency stated Tuesday that last month’s Israeli and American airstrikes on Iran had destroyed only part of its stockpile of highly enriched uranium, though the reality is that the exact whereabouts of the remaining…

“Vindicated”: Man Charged By Biden’s DOJ For Posting A Meme Has Conviction Overturned Authored by Ken Silva via Headline USA, An appeals court has overturned the conviction against Douglas Mackey, who was charged with election interference under the Biden administration for posting a meme in 2016 about voting for then-presidential candidate Hillary Clinton via text message. Mackey…

Hakeem Jeffries Ditches Gym, Flexes Photoshop Instead Authored by Luis Cornelio via Headline USA, Did House Minority Leader Hakeem Jeffries Photoshop his waist to appear slimmer? Social media critics think so.  Jeffries, D-N.Y., became the target of viral mockery on Monday after critics pointed out what they viewed as botched photo editing on the top Democrat’s Instagram…

Amazon Prime Day Sales Plummet On First Day  New data from Momentum Commerce shows that Amazon’s decision to extend Prime Day from two to four days backfired—Day 1 sales plummeted, marking a grim start. Shoppers are filling their carts but holding off on purchases, hoping for deeper discounts. Meanwhile, spending trends are soft, reinforcing the cautious…

Surviving Crew Members Kidnapped By Houthis After Greek-Owned Cargo Ship Attacked Update(1505ET): Things have gone from bad to worse regarding the situation of the Greek-owned cargo ship Eternity C, which was sunk in a deadly Houthi raid. The missing mariners aboard the ship are now confirmed kidnapped, after at least four were killed. The US embassy…

Waste Of The Day: Puerto Rico, Guam, Others In Debt Authored by Jeremy Portnoy via RealClearWire, Topline: The five inhabited U.S. territories are collectively $57.8 billion in debt and have issues with their financial statements that “can lead to poor financial decisions and lost access to capital markets,” according to a new report from the…

Trump Says BRICS Members Will Get Additional 10% Tariffs Over De-Dollarization Attempt Authored by Lily Zhou via The Epoch Times, President Donald Trump on Tuesday reiterated a previous warning to BRICS nations that he would be imposing an additional 10 percent tariff on them, saying the bloc was created to replace the U.S. dollar as…

FOMC Minutes Show ‘Divided’ Fed Fears Stagflation, Clueless On Actual Tariff Impact Since the last FOMC meeting (June 18th), which saw a hawkish tilt to the dots (with Fed members notably divided – nearly as many participants anticipated no rate cuts this year as expected two), we have seen stronger-than-expected jobs data, constant diatribes from…

Have Markets Lost Faith In The Fed’s Reaction Function? Authored by Robert Burrows via BondVigilantes.com, Markets are once again high on ‘hopium’. Despite a still-strong labour market, sticky inflation, and an economy that refuses to roll over, rate cut bets have surged back into vogue. The Federal Reserve might be saying “higher for longer,” but…

‘We’re Impressed’: Zelensky Now Sings Trump’s Praises & CIA Director Breathes Sigh Of Relief “They have to be able to defend themselves,” Trump said Monday, offering confirmation of his weapons to Ukraine policy U-turn. “They’re getting hit very hard. … We’re gonna have to send more weapons.” A presidential aide to Volodymyr Zelensky has offered new insight into…

BioSig, Streamex Target Gold Tokenization With $1.1B Financing Authored by Christopher Tepedino via CoinTelegraph.com, BioSig and Streamex have secured $1.1 billion in growth financing to support their pivot into onchain commodities, starting with gold. The companies, which signed a letter of intent to merge on May 5, say the funding will help establish a gold-backed treasury business…

Trump Weighs Federal Control Of D.C., Citing Urgent Need To Restore Law & Order Under the leadership of failed progressives, parts of Washington, D.C., have transformed into crime-infested hellholes, hardly the image the United States wants to project to the world from its capital. The Trump administration sees an urgent need to restore law and order…

Key Points in This Article: President Trump’s just-announced 50% tariff on copper imports aims to boost domestic production, causing a 13% surge in U.S. copper prices and creating a cost advantage for local producers over foreign imports. Essential for construction, electronics, and renewable energy, copper’s rising domestic demand due to the tariff makes U.S.-based copper…

Biden’s White House Doctor Invokes 5th Amendment, Refuses To Answer House GOP Questions After requesting to delay his testimony, Kevin O’Connor – former President Biden’s White House doctor, refused to answer questions during a deposition in front of the House Oversight and Government Reform Committee on Wednesday, according to a statement from his legal counsel that cites…

Ex-CIA Boss John Brennan, Ex-FBI Boss James Comey Under Criminal Investigation Authored by Ken Silva via Headline USA, Fox News Digital reported Tuesday that former CIA Director John Brennan and former FBI Director James Comey are both under investigation by the Justice Department for their roles in the politicized and fruitless Russiagate investigation, as well as for making false statements to Congress….

Putin Sends Message To US With Record 700+ Drones, Missiles On Ukraine Overnight President Putin continues playing hardball and sending tough signals in the face of Trump administration criticisms, and after on Monday the White House confirmed it is reversing course on its recent pause on weapons to Ukraine, as it will instead send more….

Linda Yaccarino Steps Down As CEO Of X Linda Yaccarino announced on Wednesday that she’s stepping down as CEO of X, offering little in the way of an explanation. After two incredible years, I’ve decided to step down as CEO of 𝕏. When @elonmusk and I first spoke of his vision for X, I knew it would…

WTI Slides After Biggest Crude Build Since January Oil prices are down this morning as signs of a large gain in US crude stockpiles undermined comments by the United Arab Emirates and Saudi Arabia about tight market conditions. In the US, API reported overnight that crude inventories rose 7.1 million barrels last week. That would be…

Donald Copperfield By Michael Every of Rabobank “As I think I told you once before,” said I, “it is you who have been, in your greed and cunning, against all the world. It may be profitable to you to reflect, in future, that there never were greed and cunning in the world yet, that did…

Federal Crackdown Puts Harvard’s Accreditation Status In Jeopardy The Trump administration has significantly escalated its confrontation with Harvard University, warning that the institution may face the loss of its accreditation and moving to compel the university to release records related to its foreign student population. In coordinated actions on Monday, the Department of Education and…

Retail Drives Nvidia To Become World’s First $4 Trillion Market Cap Company For the first time ever, a company has achieved a market capitalization of $4 trillion. And that company is none other than Nvidia… Source: Bloomberg After plunging by over $1 trillion during the Liberation Day chaos (and DeepSeek), NVDA has soared back by…

Red Sea Chokepoint Crisis: Houthis Release Dramatic Footage Of Cargo Ship Attack Iranian-backed Houthi attacks on commercial ships in the strategic Bab el-Mandeb/Southern Red Sea corridor have intensified following U.S. airstrikes on three Iranian nuclear facilities, ordered by President Trump. This marks a significant escalation of asymmetric Iranian-proxy operations aimed at choking the critical maritime chokepoint. …

There is no question that dividends are among one of the most popular investor strategies right now, but it wasn’t always this way. However, stocks and ETFs like MSTY have given rise to the idea that you can create significant passive income from dividends, while not ignoring growth stocks.  Key Points If you want an…

The value of privately held rocket company SpaceX rose to $400 billion based on recent stock sales in the private market. The valuation was $350 billion in December. Founder Elon Musk owns 42% of SpaceX and 79% of its voting shares. Key Points SpaceX Is One Of Elon Musk’s Biggest Holdings The Value Of SpaceX…

The world has a new No.2 richest person behind No.1 Elon Musk. Larry Ellison, founder of Oracle  (NASDAQ: ORCL) has slipped by Mark Zuckerberg as his net worth hit $254 billion according to Bloomberg. Musk’s figure is $349 billion. There is a striking difference between the two. Ellison’s figure is up $57 billion this year….

Texas AG Issues Warning On Scammers Targeting Flood Victims Authored by Jack Phillips via The Epoch Times (emphasis ours), Texas Attorney General Ken Paxton warned that scammers are targeting people by taking advantage of the flooding disaster in the central part of that state, which has left more than 100 people dead. Flooding caused by…

Meta Takes $3.5 Billion Stake In EssilorLuxottica To Accelerate AI Smart Glasses Push Meta Platforms has reportedly acquired a nearly 3% stake in EssilorLuxottica (ESLX)—the world’s largest eyewear maker and parent company of Ray-Ban and Oakley—in a deal valued at $3.5 billion, according to Bloomberg. Sources indicate that Meta may increase its stake to 5% over…

At the start of the year, I shared my belief that psychedelics were entering a pivotal moment—one where science, sentiment, and politics might finally converge to legitimize an industry long relegated to the fringes. I also pointed out a couple of stocks I found interesting to get exposure to the nascent industry. No doubt, this…

“Unprepared And Entitled”: College Grads Unpopular With Hiring Managers, Survey Finds Authored by Seth Rosevear via The College Fix, A recent survey from Intelligent found that “1 in 4 hiring managers say recent grads are unprepared for the workforce” and “1 in 8 managers [are] planning to avoid hiring them in 2025.” The main reasons…