Category: Economy

Musk Wants Grok AI To “Rewrite The Entire Corpus Of Human Knowledge” Authored by Jesse Coghlan via CoinTelegraph.com, Elon Musk says his artificial intelligence company xAI will retrain its AI model, Grok, on a new knowledge base free of “garbage” and “uncorrected data” — by first using it to rewrite history.  In an X post…

Widespread GPS Jamming Across Strait Of Hormuz; Six Supertankers Perform Abrupt U-Turns Update (1255ET):  Earlier reports confirmed that six supertankers abruptly reversed course in the Strait of Hormuz. Now, new alerts indicate Iranian missiles have been spotted over Doha. This brings us to GPSJam—a site that publishes daily heat maps of GPS/GNSS disruptions impacting aircraft—which…

“Where’s Jackie?”: Why The Public Needs Answers On Biden’s Alleged Incapacity Authored by Jonathan Turley, “Jackie, are you here? Where’s Jackie?” When then-President Joe Biden asked in September 2022 if House Rep. Jackie Walorski, an Indiana Republican who had died weeks earlier in a car accident, was in a meeting, observers were shocked. Biden had…

Power Blackout Hits Parts Of Queens, NYC: Con Edison Urges Energy Conservation As Temps Spike Nearly 9,000 Consolidated Edison customers were without power Monday morning, with the majority of outages concentrated in Southeast Queens. Con Edison blamed the blackout on the “heat wave affecting the region” and asked customers “to conserve energy while crews repair equipment.”…

JD Vance Says Don’t Worry About New Forever War As President Trump Isn’t ‘Dumb’ Vice President JD Vance on Sunday issued some surprisingly blunt comments in the wake of the US bombing campaign against Iran’s nuclear sites, saying that Americans who are opposed to another war in the Middle East shouldn’t worry because President Trump…

Key Points in This Article: Dividend stocks have proved to be superior investments for decades, and those yielding 10% or more are top-tier performers. While chasing yield is a risky pursuit, these exceptional income-generating stocks look primed for significant growth to help investors fund their retirement. Sit back and let dividends do the heavy lifting…

Key Events This Week: GDP, Core PCE, Durables, Powell And Fed Speakers Galore There’s a lot going on this week but the latest developments in the Israel-Iran conflict will clearly dominate, especially now the US is involved. Against this backdrop, the NATO summit will be held in The Hague tomorrow and Wednesday. It seems all…

Judge Orders ‘Maryland Father’ Kilmar Abrego Garcia’s Release Before Trial Authored by Ken Silva via Headline USA, A federal judge in Tennessee plans to order the release of Kilmar Abrego Garcia, the alleged MS-13 member whom mainstream media dubbed “Maryland man” after he was deported to El Salvador, while he awaits a federal trial on human smuggling charges. But Abrego…

New York To Build Gigawatt Nuclear Power Plant, Backed By Trump-Era Reforms New York is going to build the first major new US nuclear-power plant in more than 15 years, in what the Wall Street Journal described as “a big test of President Trump’s promise to expedite permitting for such projects.”  Governor Kathy Hochul told the outlet…

Iranian State Sources Warn Retaliation On US Bases Coming In Next ‘Hours’ Update(1125ET): Iranian state media sources are reporting that Iran is likely to attack US military facilities in the Mideast region ‘in the coming hours’. There are an estimated 40,000 American troops throughout the whole region, including at bases and on warships in the CENTCOM…

Six Supertankers Perform Abrupt U-Turns In Strait Of Hormuz Update (1119ET):  The clock is ticking as Iran vows retaliation. Iranian military officials and members of parliament warned that the U.S. will face severe consequences for its stealth bomber strikes on three of its nuclear facilities. While the exact nature of Iran’s response remains uncertain, traders…

Rabo: Even If Iran Does Not Close Hormuz, Insurance Costs Will Soar Pushing Oil Prices Higher By Michael Every and Benjamin Picton of Rabobank The world didn’t have to wait long for Donald Trump to make up his mind over bombing Iran’s nuclear facilities. Trump last week suggested that he would make a decision “within…

Key Points in This Article: Stock splits are popular with investors, even though they don’t change the company’s underlying fundamentals. Six of the Magnificent 7 stocks have split their stocks in the past few years, but one has never split since going public. It may be ready for one now. Nvidia made early investors rich,…

Bowman Joins Race For Powell’s Job, Supports July Rate Cut Fed governor Chris Waller may have thought he was a shoo-in for Powell’s replacement (and the role of shadow Fed chair) when he said last week that, contrary to the Powell narrative and FOMC consensus, the Fed should cut as soon as July. Waller Puts…

White House Press Secretary Hints At Iran Regime Change, Claims Intel Said ‘Weeks’ From Nuclear Bomb White House Press Secretary Karoline Leavitt has said in a fresh interview that the US administration is ‘confident’ that Saturday’s bombings of three key Iranian nuclear sites accomplished the job of dismantling Tehran’s alleged nuclear ambitions. She also said Trump…

US Existing Home Sales Print Weakest May Since 2009 Existing home sales in the US rose by a modest 0.75% MoM in May (better than the -1.3% MoM expected), but remain down 0.75% YoY… Source: Bloomberg This is the fourth straight month of YoY declines for existing home sales (down 4% on an unadjusted basis…

State Department Issues Worldwide Caution For US Citizens After US Strikes On Iran By Aldgra Fredly of Epoch Times The State Department has issued a “worldwide caution” for U.S. citizens living abroad in the wake of the escalation of the Israel-Iran conflict, following U.S. intervention targeting Iran’s nuclear sites. In a June 22 alert, the…

US PMIs Beat Expectations In Early June Data, But… Following May’s resurgence in ‘soft’ survey data, S&P Global’s PMI surveys were expected to dip modestly in preliminary June data this morning. But the picture was mixed with both Manufacturing flat (but beating expectations 52.0 vs 51.0 exp) and Services down very modestly (but beating expectations…

LA County Sheriff’s Dept Deletes Post Calling Iran Strikes ‘Tragic’ After Backlash Authored by Aldgra Fredly via The Epoch Times, The Los Angeles County Sheriff’s Department apologized on Sunday for a social media post that expressed condolences to people affected by bombings in Iran following U.S. strikes on Iranian nuclear sites on June 21. The…

Hims & Hers Health Crashes After Novo Nukes GLP-1 Partnership Over “Illegal Mass Compounding” Scheme Shares of Hims & Hers Health crashed in premarket trading after Novo Nordisk terminated its GLP-1 partnership with the telehealth firm, citing violations of federal law related to mass sales of compounded drugs disguised as “personalized” treatments, along with deceptive…

Futures Rebound, Oil Slides As Dip Buyers Fade US Bombing Of Iran US stock futures rebounded strongly overnight after initially falling as much as 1% to 5,970 after the weekend escalation in the Iran-Israeli war where the US bombed three key nuclear facilities in Iran, to eventually rise as much as 0.3% before fading again…

Computer Engineering Grads Face Double The Unemployment Rate Of Art History Majors By Alexandra Horwitz of The College Fix Computer engineering grads face double the unemployment rate of art history majors, according to the most recent data from the Federal Reserve Bank of New York. The stats show art history majors have a 3 percent…

The Big Beautiful Land Grab: Technocrats Stand To Profit As 250 Million Acre Bonanza Hidden In H.R.1 Via Beef News, A little-known provision in the Senate’s new reconciliation bill isn’t just about selling public land – it’s about stripping local communities of control. The provision bans states and counties from regulating “AI Systems” for a…

Final Countdown: Judge Set To Rule On Controversial Sale Of 23andMe’s Massive Pool Of Genetic Data A bankruptcy judge is weighing the proposed sale of 23andMe’s assets—including a vast pool of genetic data of millions of Americans—to co-founder Anne Wojcicki and the nonprofit TTAM Research Institute on Friday. Bloomberg reports that Judge Brian C. Walsh of the…

Amid Media Saturation, Kremlin Decides To Add One More Nuclear Headline, Aimed At Kiev With the flood of ominous nuclear headlines saturating international and Western media this weekend, particularly regarding Iran, why not one more – but in a different theatre? Former Russian president and deputy head of the country’s Security Council Dmitry Medvedev has once…

A Quiet Grip On Africa Authored by Tamuz Itai via The Epoch Times, Africa, a continent rich in resources and resilience, is a mostly silent battleground in a geopolitical contest. While global attention fixates on the Middle East, Ukraine, or Taiwan, China, under the direction of the Chinese Communist Party (CCP), is reshaping Africa’s future…

Watergate’s Continuing Legacy: Dishonest Media And Clueless Republicans Authored by John O’Connor via American Greatness, June 17, 2025, the recent 53rd anniversary of the Watergate break-in, should remind us of the scandal’s scurrilous aftermath. What was promised to be a new millennium of aggressive, yet punctilious, journalism turned out to be a continuation of the Washington…

US Military Reveals Video Evidence Of Encounter With Disk Shaped “UAP” Remember when the US government essentially admitted to the existence of aliens and almost no one noticed?  Launched in 2023, congressional hearings on government encounters with potential otherworldly phenomenon brought a series of witness testimonies into public focus that confirmed long time “conspiracy theories”…

US To Open Fly Production Facility For Combating Mexican New World Screwworms Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Secretary of Agriculture Brooke L. Rollins launched a facility in South Texas on Wednesday that will release millions of sterile flies to fight the threat of flesh-eating parasites that are infecting cattle in…

“Deploying Additional Resources To Religious Sites” – Major US Cities On Alert After US Airstrikes On Iran Authored by Jack Phillips via The Epoch Times, Officials in New York City, Los Angeles, and Washington issued statements after the U.S. military operation… Three major U.S. cities indicated they’re on heightened alert following U.S. military airstrikes targeting…

Watch: Tesla Robotaxi Clips Go Viral After Launch Of “Super Smooth” Rides In Texas Tesla launched its long-awaited self-driving Robotaxi service in Austin on Sunday, providing a select group of enthusiasts with early access to livestreamed rides. The debut advances the electric-vehicle maker’s ambition to dominate the autonomous ride-hailing market. Tesla employees accompanied riders as…

Newsom Loses In Court But Sees Political Upside With Democrats Authored by Susan Crabtree via RealClearPolitics, California Gov. Gavin Newsom suffered a legal rebuke Thursday night in his increasingly combative feud with President Trump, but the pair’s repeated sparring over immigration arrests and the Los Angeles riots is proving a net political win for Newsom…

Report Warns “Woke Army” & Dark-Money Funded NGOs Could Take Iran’s War “To America’s Streets”  Iranian Foreign Minister Abbas Araghchi condemned the U.S. for striking its nuclear facilities and warned it will hold the White House “fully responsible.” The statement serves as both a diplomatic protest and a preemptive justification for Tehran’s potential retaliation. As of Sunday,…

Futures Slide, Oil, Gold And Dollar Spike But No Panic Moves As expected, futures opened for trading amid a risk off tone, with oil, gold, the dollar and other safe havens ripping, but there is hardly any sense of panic, as investors remain calm with Iran so far showing no signs of retaliation to this…

Educated Bet: Massachusetts Schools May Risk Top Ranking To Lift Struggling Students Authored by Vince Bielski via RealClearInvestigations, A high-stakes battle over the future of education is playing out in the state that has long had the best public schools in the nation – Massachusetts. The likely overhaul of high school education and graduation requirements…

Trump Has Already Pivoted To Mulling Regime Change In Iran With Latest Post Update(1825ET): Trump has already pivoted from “this isn’t about regime change” as an admin talking to point, to… there might possibly be regime change after all.  And all the while he’s lecturing Thomas Massie about not being ‘MAGA’ amid a ‘debate’ over what it…

Supreme Court Allows Victims Of Terrorist Attacks Overseas To Sue In US Courts Authored by Matthew Vadum via The Epoch Times, The U.S. Supreme Court on June 20 unanimously upheld a law that empowers Americans harmed by terrorist attacks abroad to sue in U.S. courts. The opinion in the 9–0 decision was written by Chief Justice…

Suicide Bombing In Damascus Church Kills At Least 15: ‘Worst Nightmare For Syrian Christians’ The oldest Christian population on Earth continues to be under threat of extinction, after the US-Gulf-Israel war of regime change in Syria, and former President Bashar al-Assad’s overthrow on December 8 of last year. On Sunday, a suicide bomber entered St….

Here’s How US Strikes On Iran Unfolded Authored by Ryan Morgan via The Epoch Times, The U.S. strike on three Iranian nuclear facilities overnight on June 21–22 followed a highly intricate plan that entailed more than 125 U.S. aircraft and warships and layers of deception, Defense Secretary Pete Hegseth said during a Pentagon news briefing….

Trump Slams Massie As ‘Not MAGA’ Amid Iran Policy Infighting Among President’s Base Update (15:59ET): Republican rep Thomas Massie of Kentucky has been one of the very few outspoken Congressmen on either side of the aisle to blast Trump’s Iran bombing campaign, done without Congressional authorization or so much as debate or consultation. Massie was seeking…