Category: Economy

Western Pressure On India Over Russia Already Backfired Even If It Partially Complies Authored by Andrew Korybko via Substack, It’s reshaping Indian policymakers’ views of the West and breeding resentment of their governments among its society… India’s former Permanent Representative to the UN Syed Akbaruddin recently published an informative opinion piece at NDTV titled “Tariff…

Iran Deporting Millions Of Afghan Migrants After Capturing Alleged Israeli Spies It would seem that mass deportations in the name of national security is not an issue limited to western countries.  Over the past few weeks Iran has drawn the attention of the UN and a number of humanitarian NGOs after initiated a nationwide program…

What To Know About Trump’s Executive Order On Homelessness Authored by Savannah Hulsey Pointer via The Epoch Times, The Trump administration has made a move to address homelessness with an executive order to bring back facilities to house those with mental illness or drug addiction. President Donald Trump issued a July 24 executive order titled…

Credit card companies list their fees, but you may have to dig through several pages to fully understand all of the fees. Not every credit card company is straightforward, and several credit cardholders complained about this growing trend on Reddit. The original poster has an AMEX gold card and detailed all of the ways that…

Watch: China Robot Giant Unveils Tesla Optimus Killer That Can Fist-Fight Unitree Robotics, China’s dominant robot company, is turning heads with the release of its new humanoid that can fist-fight and perform cartwheels – capabilities that represent a direct challenge to Elon Musk’s ambitions of establishing Tesla’s Optimus as the world’s leading humanoid robot. The Unitree…

Today’s Federal Reserve press conference sent one price sharply lower — and I’m buying. 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, https://quoththeraven.substack.com feed and its author. This content is made available by use of the public…

Watch Live: ‘Too Late’ Powell Explains Why Rate-Cuts Remain Off The Table Despite Dissents & Growth Doubts No rate cuts… as expected. Two dissents… the most in 32 years! And all of that as, according to Goldman, the most notable change since the June FOMC meeting is that activity data have begun to show clearer signs…

‘Most Divided’ Fed In 32 Years Refuses To Cut Rates (Again) Since the last FOMC meeting (on June 18th), stocks have soared and gold (and crude oil) have been sold while bonds and the dollar have trod water… Source: Bloomberg Most notably, while macro data has shown ‘growth’ has strengthened; ‘inflation’ has continued to fall,…

Top FDA Vaccine Official Departs Agency Authored by Zachary Stieber via The Epoch Times, The top vaccine official at the Food and Drug Administration has resigned. Dr. Vinay Prasad, just months into his tenure, is leaving the FDA, the FDA’s parent agency said on July 29. “Dr. Prasad did not want to be a distraction…

Cincinnati Councilmember Says Whites ‘Begged For Beatdown’ Cory Bowman, the half-brother of Vice President J.D. Vance and also running for mayor of Cincinnati, ignited outrage on X after exposing a disturbing social media post by Cincinnati Council Member Victoria Parks, who said the Whites “begged for that beat down” in downtown Cincinnati last weekend. This comes on the heels…

Starbucks CEO Says Price Increases Will Be Last Resort Amid Plan To Revitalize Chain Authored by Katabella Roberts via The Epoch Times (emphasis ours), After six consecutive quarters of declining sales, Starbucks CEO Brian Niccol said on July 29 that price increases at the Seattle-based coffee giant would be a last resort. People walk past…

“Give Me Sydney Sweeney Or Give Me Death” Submitted by QTR’s Fringe Finance “Give me Sydney Sweeney’s tits or give me death!” Those were the words of Patrick Henry to the Second Virginia Convention on March 23, 1775. Well, not those words exactly. But trust me, they’re very, very close. And the point was the same:…

CEO Of Largest U.S. Foodservice Distributor Warns Consumer Sentiment, Confidence “Not High Right Now” The CEO of Sysco, the largest foodservice distributor in the U.S., serving nearly 20% of the nation’s restaurants and commercial kitchens, issued a warning on Tuesday: Consumer sentiment and confidence remain lackluster. CEO Kevin Hourican spoke with Bloomberg during an interview after the foodservice distributor reported…

Open Windows At Night: “Dramatic Pattern Change” For US East Temps Ahead The NWS Weather Prediction Center is forecasting a dramatic temperature shift across the eastern two-thirds of the U.S., from blistering heat to a cold down by the end of the week. That’s welcoming news for residents in the Mid-Atlantic and Northeast areas, where relentless heat…

The Permian’s Dirty “Wastewater” Secret Is Bubbling Over By Irina Slav of OilPrice.com The Permian Basin produces over 5 million barrels of oil daily. With that, the Permian also produces a lot of wastewater, which has started to turn into a problem. Some drillers are even suing others for ruining their reserves. Back in May,…

Key Points in This Article: Opendoor Technologies (OPEN) iBuying model struggles in a stagnant housing market with high interest rates, rising inventory, and declining affordability, exposing operational vulnerabilities. Speculative trading fueled by social media and short squeezes drove unsustainable price surges, ignoring Opendoor’s weak financial situation. High-risk initiatives like the Cash Plus program, combined with…

Bessent Unleashes Treasury Buyback Overhaul In Major Step To Yield Curve Control, Doubles Down On Bill Dominance In today’s closely watched Quarterly Refunding Announcement on debt issuance – which to many was more important than the FOMC statement – the Treasury Department said at 8:30am ET that that it anticipates keeping the size of its…

WTI Dips After Biggest Crude Build In 6 Months Oi prices were steady early on Wednesday, rising for a third session even as API reported an unexpected rise in US crude inventories. Oil prices have been supported by U.S. threats to impose secondary sanctions of buyers of Russian oil after U.S. President Donald Trump this…

US, UK In Secret Talks With Ukrainian Officials To ‘Replace Zelensky’: Russian Intelligence Claims Russia’s Foreign Intelligence Service (SVR) has claimed in a new statement published by TASS state news agency that US and British officials recently met with senior Ukrainian figures in an undisclosed Alpine resort in Europe to discuss the possible replacement of…

US Pending Home Sales Hover Near Record Lows After June Gloom The choppy performance of the US housing market continued in June with pending home sales falling 0.8% MoM (considerably worse than the 0.2% MoM rise expected). Source: Bloomberg That left YoY sales down 0.3% – the seventh straight monthly decline in annual growth –…

Sen. Kennedy Says ‘We Need More Idiot Control’ After NYC Shooting Authored by Matt Margolis via PJMedia.com, Sen. John Kennedy (R-La.) once again demonstrated why he’s among the most blunt voices on Capitol Hill as he threw cold water on the left’s knee-jerk fixation with gun control in the aftermath of Monday’s deadly Midtown Manhattan shooting that…

Mercedes, Porsche Slash Forecasts As Tariffs Hit Sales  Mercedes-Benz Group and Porsche have both reported earnings, and the outlook is grim. Both German luxury automakers slashed full-year profit guidance, citing a double hit from President Trump’s ongoing trade war and an intensifying EV price war as China floods the world with low-cost vehicles.  Mercedes-Benz warned that full-year…

US GDP Jumps To 3.0% In Second Quarter, Trouncing Estimates And Reversing Q1 Contraction So much for that imports-driven mini recession in Q1. One quarter after liberal economists cried with delight when the US economy contracted as a result of a surge in imports (even as consumption remained solid), moments ago the Bureau of Econ…

The High Beta Melt Up: Echoes Of 1999 Authored by Michael Lebowitz via RealInvestmentAdvice.com, In our recent article, “The Magnificent Seven Are Mediocre,” we pondered whether the stock market is entering a melt-up phase, where investors driven by extreme speculative behavior and hopes for exponential returns favor volatile stocks with high betas. To be clear,…