Category: Economy

Stablecoins Are Becoming ‘Default Settlement Layer” For The Internet Authored by Amin Haqshanas via CoinTelegraph.com, Stablecoins have become the backbone of internet payments, with adoption now outpacing major traditional card networks in onchain volume, according to Noam Hurwitz, head of engineering at Alchemy. Hurwitz told Cointelegraph that stablecoins have seen “explosive” adoption, adding that they are…

Mysterious Blast Paralyzes Oil Tanker In Mediterranean Weeks After Russian Port Call A mysterious blast struck a tanker carrying 1 million barrels of oil near Libya, and the vessel is now being towed to Greece for damage assessment, according to Bloomberg, citing a statement from the ship’s manager. The incident comes amid growing concerns about…

3 Goals For Trump’s Trade Negotiations Authored by Adam Millsap viathe American Institute for Economic Research (AIER), The Trump administration has increased tariff rates on dozens of countries in part to kickstart trade policy negotiations. These tariffs include 10-percent tariffs on dozens of countries, tariffs of over 30 percent on China, 50-percent tariffs on steel and aluminum, and…

Key Events This Holiday-Shortened Week: Job Reports Galore, ISMs, Powell And More Prepare to be disorientated this holiday shortened week, as payrolls sees a rare Thursday print ahead of the Independence Day holiday on Friday, with both JOLTS and ADP labor reports ahead of the Payrolls report. We also have the US ISMs tomorrow and…

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) lost 5.71% over the past five trading sessions, dragging down its year-to-date gain to a still-impressive 73.88%. Over the past year, the AI firm’s stock is up 405.18%, and since going public in October 2020, it has gained 1,321.09%. In late May, the Trump administration rewarded a federal contract worth…

9 Underage Girls Sexually Abused By Syrians At Swimming Pool, Mayor Points To ‘Hot Weather’ Via Remix News, After underage girls were sexually assaulted in the Barbarossabad swimming pool in Gelnhausen, the CDU mayor of the area pointed out that “hot weather” makes tempers “fray.” However, local Mayor Christian Litzinge (CDU) appeared to allude that…

Tesla Inc. (NASDAQ: TSLA) shares have rallied 23% in the past three months, compared to the S&P 500’s 11%. The surge is not based on much good news. 24/7 Wall St. Key Points: Tesla Inc. (NASDAQ: TSLA) shares have rallied recently despite slumping sales. The stock’s rally is based in part on the launch of…

Top Iranian Cleric Issues Fatwah Calling For All Muslims To Seek Vengeance On US, Israel In a new fatwah which appears clearly aimed at the United States, Israel, and their respective leaders Donald Trump and Benjamin Netanyahu, a top Iranian Shia cleric has called on Muslims to take vengeance as Islamic ‘warriors’. Ayatollah Naser Makarem…

Futures Push Higher Into Record Territory Amid Trade Talk Progress S&P 500 futures pushed deeper into record territory as progress in trade negotiations aids sentiment following Friday’s record high close for cash index, the first since February. As of 8:00am ET,  S&P futures are up 0.4% on positive trade headlines, including US/Canada, US/EU, US/India, and US/Taiwan…

Trump Says TikTok Buyer Is “Group Of Very Wealthy People” President Donald Trump, in a pre-taped interview on Fox News’ Sunday Morning Futures with Maria Bartiromo, revealed that “a group of very wealthy people” is prepared to acquire TikTok’s U.S. operations. While he did not disclose the identities of the investors, Trump hinted that the…

Canada Scraps Digital Service Tax On U.S. Tech Giants To Revive Trade Talks Finance Minister François-Philippe Champagne wrote on X overnight that Canada has withdrawn its controversial Digital Services Tax (DST) on Silicon Valley tech giants, such as Alphabet and Meta, in order to restart stalled trade negotiations with the Trump administration. It’s another win…

Zohran Mamdani Admits He Hates Capitalism… Allied With Socialist Operative Linked To Marxist Terror Group Americans were stunned last week when foreign-born, self-proclaimed socialist Zohran Mamdani used CNN as a platform to denounce capitalism—the very system that transformed this country from frontier towns into a global superpower. Capitalism has lifted hundreds of millions out of…

Idaho Wildfire Ambush: Gunman Dead After “Sniper Attack” Kills Two Firefighters Update (Monday morning):  The suspected gunman behind the deadly ambush on firefighters on the east side of Canfield Mountain—a popular hiking spot near Coeur d’Alene, Idaho—was found dead. Authorities believe he started a brush fire before opening fire on first responders. What we know…

Can Oil And Gas Solve The AI Power Dilemma Authored by Joe Brettell via UtilityDive.com, The promise, peril and possibilities of artificial intelligence continue to capture the cultural and business zeitgeist worldwide. Hardly a conference or long-form interview can be held these days without a panelist or pundit commenting on the technology’s implications for their…

Meet The Dystopian Startups Making ‘Biological Computers’ From Human Cells Picture a dystopian future where computers don’t just mimic human thinking – they’re powered by actual human brain cells. That future is taking shape in a Cambridge, England, lab, where a groundbreaking device called CL1 is blending biology and technology in ways that could transform how…

Why Greenland Isn’t Chasing The Dream Of Becoming A Mining Superpower Authored by Felicity Bradstock via OilPrice.com, Greenland, despite possessing vast mineral reserves and past ambitions from the U.S. to acquire it for these resources, is not interested in becoming a major mining superpower. The country’s minister for business and mineral resources emphasized a desire…

Continued Russian-US Talks Prove That Putin Doesn’t Think That Trump Duped Iran With Diplomacy Authored by Andrew Korybko via Substack, Kremlin spokesman Dmitry Peskov confirmed last week that the US’ bombing of several nuclear sites in Iran won’t affect their bilateral dialogue, declaring that “These are independent processes.” This is significant since many observers speculated that Trump duped Iran…

Bovard: Trump’s Iran Bombing Is The Latest In Presidential Absolutism Authored by Jim Bovard Does President Trump have any legal basis for his foreign policy actions aside from his personal entitlement to absolute power? Presidents have been scorning congressional leashes on their foreign interventions since at least the Korean War. But Trump’s erratic behavior and…

Peter Thiel Warns: One-World Government A Greater Threat Than AI Or Climate Change In a wide-ranging interview on the future and global existential risks, billionaire technology investor Peter Thiel raised alarms not only about familiar threats like nuclear war, climate change, and artificial intelligence but also about what he sees as a more insidious danger:…

CDC: New COVID Variant Estimated To Be No. 1 Strain In US Authored by Jack Phillips via The Epoch Times (emphasis ours), A new estimate from the U.S. Centers for Disease Control and Prevention shows that a COVID-19 variant that has been driving cases in China earlier this year is now the No. 1 strain…

“Bespoke Bombs”: The Secret 15-Year Plan Behind US Strikes On Iran Authored by Ryan Morgan via The Epoch Times (emphasis ours), WASHINGTON—The United States’ B-2 stealth bomber strike on Iran’s Fordow uranium enrichment facility was the culmination of more than 15 years of study and planning, according to Chairman of the Joint Chiefs of Staff…

MSM Claims MAHA “Threatens To Set Women Back Decades”  An increasing number of Americans are abandoning processed foods and taking control of their own food supply chain—planting backyard gardens and sourcing meat, eggs, dairy, and pantry staples directly from local markets and farms. The trend, which is gaining momentum under the “Make America Healthy Again” movement—and…

“EVERYONE’S BEEN SHOT UP HERE”: Arsonists Set Wildfire In Northern Idaho, Open Fire On Firefighters, Police In Ambush  Live Coverage: Arsonist-Led Ambush on First Responders in Idaho   *   *   *  Update (2011ET):  Breaking from Fox News: Two killed after suspect starts shooting at firefighters responding to a wildfire near Coeur d’Alene, Idaho. The suspect has…

Justice Kagan’s Own Words Come Back To Haunt Her On Nationwide Injunctions Authored by Matt Margolis via PJMedia.com, The Supreme Court’s 6-3 decision in Trump v. CASA, Inc., released Friday, finally put the brakes on the reckless abuse of nationwide injunctions by lower courts—and has Democrats in full meltdown mode. The left’s favorite judicial weapon…

6 Policies That Could Be Affected by Supreme Court’s Decision On Nationwide Injunctions Authored by Joseph Lord via The Epoch Times, The Supreme Court on June 27 handed down a decision restricting federal judges’ ability to impose nationwide injunctions against executive policies, a ruling that was immediately hailed by President Donald Trump as a win…

Leftists Insist Trump’s Children Be Deported After President’s Win On Birthright Citizenship The conflict over illegal immigration in the US is rooted in a very simple question:  Should a society have standards for who gets access to its culture and economy?  Does a nation have the right to deny some people while accepting others? The…

GOP’s Thom Tillis Rage-Quits Senate, Will Not Seek Re-Election Amid ‘Political Theatre’ And ‘Hypocrisy’ Senator Thom Tillis (R-NC) announced on Sunday that he will not seek re-election, just one day after voting “no” on a procedural vote to advance President Donald Trump’s ‘Big Beautiful Bill’ – for which Trump attacked Tillis in a series of posts…

This Week Could Reshape The Fed Narrative By Peter Tchir of Academy Securities Fed Week? Animal Spirits? While many are assuming the July 30th FOMC meeting is a “no-go” and the first rate cut isn’t likely until the September 17th meeting, that could be wrong. We will also touch on “Animal Spirts” in this report, as…

English Trucking Rule Takes Effect, Federal Probe Begins Of Sanctuary State Migrant CDL Pipeline Under the Biden-Harris regime, and with backing from rogue sanctuary states, thousands—if not tens of thousands—of non-English-speaking migrants have been granted non-domiciled Commercial Driver’s Licenses (CDLs), a decision now under intense scrutiny following a series of deadly crashes involving 80,000-pound big…

With the passage of President Trump’s so-called “Big Beautiful Bill”—a sprawling new fiscal stimulus and infrastructure package—the U.S. bond market should be in the spotlight, if you ask me. Read more Click this link for the original source of this article. Author: Quoth the Raven This content is courtesy of, and owned and copyrighted by,…

Trump Talks TikTok, Iran Leaks, NYC’s ‘Communist Mayor’ In Wide-Ranging Interview In an interview on Fox News Sunday Morning Futures with host Maria Bartiromo, President Donald Trump sounded off on a wide range of issues from the leaked report on U.S. strikes against Iran’s nuclear facilities to the future of TikTok and the New York…

How Canada’s Digital Tax Exposes Brussels’ Globalist Playbook: A Trump Retaliation By Thomas Kolbe Now the cards are on the table. Amid the heated phase of trade talks with the U.S., Canada is introducing a digital tax that will burden American tech giants with billions in costs. In response, President Trump broke off talks with…

“When It’s Too Dirty For The CIA…” Benz On USAID’s Litany Of Corruption For those who turned into the live debate last night, we apologize for the ”demonstration of Wirecast” mantra that played repeatedly. This was not a mass MK Ultra sleeper cell activation but a glitch with our streaming software. And, yes, we have…

Tesla’s (NASDAQ: TSLA) IPO was on June 29, 2010. An $10,000 investment that day would be worth $3 million today. Given Tesla’s current problems, it is hard to remember if that has been so successful. Key Points Tesla Stock Has Stumbled Recently Tesla Could Get Back On Track With AI Take this quiz to see…

There was a great deal of comment when Nvidia (NASDAQ: NVDA)  CEO Jensen Huang filed to sell as many as $900 million in shares in a preapproved plan in an SEC disclosure. However, taken together, senior management and board members will sell well over $1 billion in shares according to data from the same federal…

Texas Law Gives Grid Operator Power To Disconnect Data Centers During Crisis By Brian Martucci of UtilityDrive Utilities, energy system analysts and ERCOT expect exponential growth of data centers and other large loads in Texas over the next several years. ERCOT forecasts 138 GW of large loads on its grid by 2030, up from 87…