Category: Economy

US Orders “Immediate Shutdown” Of Mexican Cattle Trade After Cross-Border Parasitic Fly Threat U.S. Agriculture Secretary Brooke Rollins has ordered the immediate suspension of all live cattle, bison, and horse imports from Mexico via the southern border. The move comes in response to a newly confirmed case of New World Screwworm in Mexico—a highly destructive parasite…

OPEC Says Global Oil Consumption Will Hit 123 Million BPD By 2050 Authored by Tsvetana Paraskova via OilPrice.com, OPEC projects oil demand rising 19% to 123 million bpd by 2050, led by India and Africa. The forecast contrasts sharply with IEA projections of demand peaking by 2030. U.S. withdrawal from the Paris Agreement seen by…

Measles Cases In US Climb To Highest Number In 33 Years: CDC Confirmed measles cases in the United States have hit the highest number since 1992, according to new data from the Centers for Disease Control and Prevention. In the United States, so far in 2025, 1,288 cases have been recorded as of July 8,…

China’s Big Housing Stimulus Rescue Is Wishful Thinking By George Lei, Bloomberg Markets Live reporter and strategist Expectations of policy actions to bolster the housing sector have helped real estate stocks close the gap with the broader CSI 300 benchmark over the past few sessions. That has some market participants referencing 2015 and Beijing’s housing-rescue efforts that pulled the…

Trump To Impose 35% Canadian Tariff, But USMCA Goods To Stay Exempt Trump issued another letter late on Thursday, saying he will levy a 35% tariff on some goods coming into the US from Canada, in a blow to Canadian Prime Minister Mark Carney’s bid to avoid punishing levies on goods sold to the US. The…

Dramatic Video: Anti-ICE Protester Fires Weapon At Federal Agents During Immigration Raid  Dramatic video footage from Ventura County, California, shows an anti-ICE protester discharging what appears to be a weapon at federal agents during an immigration enforcement operation in an agricultural zone. The nature of the weapon remains unconfirmed. “A protester was seen apparently firing some…

Doug Casey On Why The Military-Industrial Complex Always Wins Via InternationalMan.com, International Man: During the recent Iran–Israel war, the US used up to 20% of its global stockpile of Terminal High Altitude Area Defense (THAAD) ballistic missile interceptors, each costing over $18 million. THAAD isn’t effective against hypersonic missiles, which both Iran and even Yemen’s Houthis…

Iron Ore Soars As China Pledges Crackdown On Industrial Overcapacity Iron ore futures in Singapore surged toward $100 a ton — the highest since May — fueled by renewed pledges from the Chinese government to curb overcapacity in key industrial sectors. Beijing’s comments have boosted sentiment across ferrous markets.  Singapore futures jumped as much as 3.6%…

California Might Stop Making Necessary Debt Payments For 2 Years Authored by John Moorlach via The Epoch Times, It’s July. The California State Legislature has successfully met the budget submission deadline of June 15, and it was signed by the governor. There was one small fly in the ointment: how to cut $12 billion in…

Three Choices, None Good Authored by Charles Hugh Smith via OfTwoMinds blog, The moral rot of unlimited debt looks “free” but it’s unaffordable in the end. We like to think we’re special and this moment in history is special, but alas, we’re still running Wetware 1.0 which was coded between 300,000 and 60,000 years ago, when the last…

Communist Billionaire Accused Of Funding Anti-ICE Riots Mysteriously Vanishes Rep. Anna Paulina Luna (R-Fla.) posted on X Wednesday, exposing how Communist billionaire Neville Roy Singham—who operates a dark-money NGO network allegedly tied to funding anti-ICE riots in Los Angeles and resides in China with close ties to the Chinese Communist Party (CCP)—has suddenly vanished.  “Neville Singham— the…

This post The Pentagon’s Top Stock Pick appeared first on Daily Reckoning. MP Materials (NYSE: MP) soared 43% today. The stock is up 171% on the year. We’ll explain why in a moment. But first we must set the stage. If you aren’t familiar with the rare earths story yet, it’s time to catch up….

FDA Approves Moderna’s COVID-19 Vaccine For Some Children Authored by Zachary Stieber via The Epoch Times, Federal regulators have approved a COVID-19 vaccine made by Moderna for some children aged 6 months through 11 years, according to an approval letter made public on July 10. The Food and Drug Administration approved Spikevax, the vaccine, for…

‘Hand To God, I Know The Names’: Alan Dershowitz Says He Knows Who’s On The Epstein List Two days after the FBI leaked a memo to Axios revealing that the Epstein case is effectively ‘closed’ (he killed himself and there’s no ‘list’ of clients) – former Epstein attorney and associate Alan Dershowitz says he knows exactly who’s on…

The Roots Of Leftist Rage Authored by Victor Davis Hanson via AmericanGreatness.com, Across the political left, from orthodox Democrats to Antifa in the streets, the opposition to Trump has lost its collective mind. The House minority leader and now self-styled tough guy, Rep. Hakeem Jeffries, poses with a baseball bat to show how dangerous he…

Death Toll In Texas Floods Reaches 119 As Search Crews Race Against Time The death toll from the devastating flash floods that swept across Central Texas over the Fourth of July weekend has climbed to at least 119, with scores more still missing as search and rescue operations enter their sixth day. A damaged house,…

xAI Launches ‘Remarkable, Terrifying’ Grok 4 Model; Musk Says AI Could Discover New Physics The xAI team revealed its latest development plans following the launch of Grok 4, as founder Elon Musk shared bold predictions about artificial intelligence. During a Thursday livestream on X, the xAI team said the first public release of Grok 4 is based…

It’s Time To End The ‘Deep State’ Fed Authored by Larry Kudlow via RealClearPolitics.com, Both Kevins Will End the Fed’s Deep State There’s a great story on the front page of the Wall Street Journal today, called “Two Kevins Battle to Be Next Fed Chair in Trump’s Apprentice-Style Contest.” The two Kevins are a former…

Jeffrey Epstein’s Brother Breaks Silence On Bombshell FBI Memo Mark Epstein, brother of the late Jeffrey Epstein, dismissed a bombshell memo from the Department of Justice and Federal Bureau of Investigation that declares the disgraced financier’s 2019 death a suicide, accusing the government of covering up the truth. The joint DOJ-FBI memo claimed an “exhaustive…

Trump Threatens Brazil With 50 Percent Tariff Citing Trial Of Former President Authored by Jacob Burg via The Epoch Times (emphasis ours), Among a batch of letters that President Donald Trump sent out to several U.S. trading partners on July 9 was one issued to Brazil threatening to impose a 50 percent tariff on its…

30Y Auction Stops Through Thanks To Near-Record Direct Bid After a soft 3Y and a stellar 10Y auction, moments ago the Treasury concluded its weekly issuance of coupon paper with a 30Y auction that came in smack in the middle. The auction, a reopening of 29Year-10Month cusip UK2, priced at a high yield of 4.889%,…

Vertiv Drops After Amazon Unveils In-House Liquid Cooling System, Marking Pivot To Liquid Shares of U.S.-based data center infrastructure firm Vertiv Holdings tumbled in New York on Thursday after Amazon Web Services unveiled its own in-house liquid cooling system for data centers, raising concerns about future demand for Vertiv’s products. AWS revealed in a blog section…

Meta (NASDAQ: META) wants to be the global leader in AI systems that can complete tasks at the level of humans. Its AI development may even create products more powerful than that. Meta’s CEO Mark Zuckerberg calls his effort the Superintelligence Lab. To accelerate the process, Zuckerberg offered a package to the Apple AI division…

FICO Stock Down More Than 10% This Week After FHFA Opens Door To VantageScore For Mortgages Shares of Fair Isaac Corp. (FICO), the company behind the widely used FICO credit score, dropped earlier this week after a federal agency approved the use of its biggest competitor, VantageScore, for mortgage underwriting, according to the Wall Street…

Federal Judge Issues New Nationwide Block Targeting Trump’s Birthright Citizenship Order Authored by Jack Phillips via The Epoch Times, A federal judge on Thursday has barred the Trump administration from enforcing the president’s executive order limiting birthright citizenship, coming weeks after the Supreme Court restricted the capacity of judges to issue nationwide injunctions. U.S. District…

US Sanctions UN Expert For Pushing ICC Case Against Israel Authored by Jacob Burg via The Epoch Times, Secretary of State Marco Rubio has announced the United States will be imposing sanctions on the United Nations (UN) special rapporteur on human rights in the occupied Palestinian territories, accusing her of anti-Semitism, and supporting terrorism. “Today…

Hamas Willing To Release 10 Hostages, But Israel Wants Total Disarmament  Hamas in a rare statement at a moment ‘indirect’ talks with Israel are underway has said it is willing to release 10 living Israeli hostages held in Gaza and to return of the bodies of 18 deceased hostages, in exchange for a 60-day ceasefire…

CIA Whistleblower Reveals How Intel Agencies Gather Blackmail On Politicians Via VigilantFox.com, You’ll see how this connects to Epstein. John Kiriakou reveals his superior got a promotion and a medal when he recruited a copy machine repairman. At first, Kiriakou laughed, but then he realized the brilliance of the plan when he learned that the repairman…

Abolish The Fed? Mises Institute And George Mason University Face Off We will abide by all norms of the Geneva convention. — Robert P. Murphy (@BobMurphyEcon) July 9, 2025 Recent tensions between Fed Chair Jerome Powell and former President Trump have ignited fresh controversy: Trump publicly accused Powell of “tank­ing the economy” and threatening America’s…

This post The Robots Are Coming… With Job Offers appeared first on Daily Reckoning. Let’s play a little game of economic whack-a-mole. Every time someone yells, “AI is going to take all our jobs!” someone else pops up and calmly says, “Yes, but it’ll create even more!” And they’re both right… sort of. Welcome to…

Key Points in This Article: The Magnificent 7 transformed markets through AI and digital ecosystems, turning a once-pejorative label into a celebrated symbol of innovation and growth. Beyond their AI focus, emerging industries offer transformative potential to reshape how we live, work, and interact in the future. The Frontier 7, a group of pioneering sectors,…

On Thursday, shares of MP Materials surged over 50% after news broke that the U.S. Department of Defense would become the company’s largest shareholder. Through a $400 million purchase of special stock, the Pentagon has taken a 15% stake in the rare earth miner, securing long-term access to critical materials used in everything from electric…

Minting Control: The Stablecoin Gambit & The New Dollar Diplomacy Authored by Bepi Pezzulli via AmericanThinker.com, In the end, it wasn’t the metaverse, the NFT craze, or libertarian utopians in hoodies that brought crypto to Washington’s doorstep. It was the dollar. Not the theoretical native value of crypto whitepapers, but the hegemonic, meticulously engineered dollar that…

Rare Earth Producer MP Materials Soars 50% After US Government Becomes Largest Shareholder Late yesterday, we published an in depth note to our premium subs titled “The Coming Rare Earth Revolution And How To Profit: All You Need To Know About The Ex-China Supply Chain“. Ir referenced a recent Morgan Stanley analysis of several early-stage…

Why Is Every Natural Disaster Being Politicized? Authored by William Anderson via The Mises Institute, Even while the search for missing people in flood-ravaged Texas continues, the politicized invective has come from the Left. Perhaps the most shocking comments came from Dr. Christina B. Propst—a Houston-based pediatrician who mocked the victims and their families because she perceived…

WK Kellogg Shares Surge On Report Of $3 Billion Ferrero Takeover Shares of WK Kellogg Co., the cereal maker behind Froot Loops, Frosted Flakes, and Rice Krispies, surged in premarket trading Thursday following overnight reports that Ferrero International SA is close to acquiring the company in a deal valued at around $3 billion. Frosted Nutella…