The consumer market is splitting into: the first, luxury segment, which caters to the ultra wealthy has never had it better, especially in Europe where the luxury index is trading at a record premium to the rest of the market (although…
Authored by Jonathan Turley,The Department of Justice’s special counsel, Jack Smith, is continuing his work toward possible criminal charges against former President Donald Trump. While I continue to doubt the viability of criminal charges based on Trump’s speech before the Jan.…
Russia on Thursday announced it had scrambled fighter jets to intercept two inbound US strategic bomber planes in order to prevent them from "violating the state border" over the Baltic Sea.It marks the second such dangerous intercept incident in merely three…
Authored by Christopher J. Ferguson via The Epoch Times (emphasis ours),In the early 2000s the United States enjoyed comparative racial optimism. Majorities of both black and white citizens felt race relations were improving. Even left-leaning NPR highlighted “colorblindness” as an ideal. …
A Seattle official is refusing to resign after defending a convicted pedophile sex offender nominated to a local homelessness board.Shanee Colston (L) defended convicted sex offender Thomas Whitaker-Raven Crowfoot (R)During a May 3 Zoome meeting of a subcommittee of the King…
Authored by Katabella Roberts via The Epoch Times (emphasis ours),A paralyzed man has been able to walk again for the first time in years simply by using the power of his mind thanks to implants fitted in his brain and spinal cord.Gert-Jan Oskam,…
Popocatepetl volcano has been blanketing towns with ash and disrupting flights at Mexico City's airport this week. Authorities are preparing for the possible evacuation of millions of people as thousands of troops were deployed to the region, according to NPR News. On Tuesday,…
Update: As one might expect, the Biden administration is very upset at the nazi-fied Supreme Court for daring to reduce its power somewhat, claiming the decision "defies the science"...Statement from President Joe Biden on Supreme Court Decision in Sackett v.EPAThe Supreme…
Each year, Gallup conducts a survey of American adults on various economic topics, including the country’s central bank, the Federal Reserve.More specifically, respondents are asked how much confidence they have in the current Fed chairman to do or recommend the right…
Authored by Steve Watson via Summit News,A new Rasmussen poll has found that almost two thirds of Americans believe the media is “truly the enemy of the people”.The survey found that a total of 59 percent of likely voters either strongly…
A North Face advertisement featuring a drag queen in rainbow-themed outdoor sports gear has sparked backlash after going viral online. The popular outdoor apparel company has learned nothing from mounting customer boycotts against Bud Light and Target in recent weeks. "Hi, it's…
Authored by Charles Hugh Smith via OfTwoMinds blog,Blowback has its own dynamics, as we'll learn in the decade ahead.One of the most durable expectations in the financial sphere is that inflation will drop sharply in a recession and the Federal Reserve…
This year's slide in oil has been painful to commodity bulls, and none more so than famed oil hedge fund manager Pierre Andurand whose already bad year is getting worse.Bloomberg reports that after dropping another 9.4% in May, his main Andurand Commodities…
By Brian Gardner, Chief Washington Policy Strategist at StifelWhat if There is No Deal: Contingency Plans for a Possible DefaultAlthough the chance of a default on U.S. Treasuries is remote even if the government reaches the X-date (the date when Treasury…
Iran on Thursday showcased a new long-range ballistic missile at a moment tensions with Israel are at their highest in years. A Jerusalem Post headline on the same day reads, "Mounting tensions between Israel, Iran herald possible military showdown".Iran's military touted…
The week's final coupon auction has just concluded and while not nearly as strong as yesterday's blowout 5Y auction which saw the 2nd highest foreign demand on record, was no slouch either.Pricing at a high yield of 3.827%, this was the…
Authored by Steve Watson via Summit News,Independent investigative journalist Glenn Greenwald succinctly summarises how ‘regime media narratives’ are formed and disseminated, and that any journalist who questions the process ends up a target for destruction by the establishment.During his “System Update” broadcast on…
Even before the NVDA blowout earnings report, Goldman flow trader John Flood wrote yesterday that on the bank's trading desk he had seen consistent Mutual Fund buyers in supercap tech over the last 3 weeks, ever since AAPL made it 5…
By Bas van Geffen, CFA, senior macro strategist at RabobankGrinding to a haltA cargo ship has grounded in the Suez Canal early this morning. Though the Xin Hai Tong 23 was re-floated relatively quickly, it certainly brings back the memory of…
The Ron DeSantis 2024 presidential campaign got off to a terrible start on Wednesday night, as Twitter glitched under the weight of traffic (though admittedly once Musk transitioned the hosting role from his 140mm follower account to David Sacks's account, the…
A Russian warship protecting pipelines in the Black Sea was attacked by unmanned Ukrainian speedboats on Wednesday, according to a Russian Defense Ministry (MoD) press briefing. The attack occurred northeast of the Bosporus and close enough to Turkey to be within its…
By John Kingston of FreightWaves,The weak trucking market finally has caught up to the quarterly report of Canada’s BMO, a major lender to fleets.In its quarterly earnings report, BMO breaks out the financial performance of its various lending sectors. Transportation is…
LinkedIn, whose founder Reid Hoffman funded a 'Russian bot' hoax against GOP candidate Roy Moore & underwrote Trump accuser E. Jean Carrol's lawsuit, has locked the account of GOP presidential candidate Vivek Ramaswamy for expressing "fact-based views as a presidential candidate…
Authored by John Rubino via Substack,Digital currency might be a good thing in the right hands...With all the (completely justified) angst surrounding central bank digital currencies (CBDCs), it’s easy to forget that the concept of digital money isn’t the problem. It’s just a…
It appears that OPEC's credibility is about to take a big hit.As we said earlier, following comments from the Saudi energy minister that oil shorts will be "ouching" soon, the market interpreted this as a sign that OPEC+ would proceed with…
The old mantra that 'the market is not the economy' has never been more true than in Germany as the country's stock market continues to surge to record highs as the nation's economy enters recession.Germany suffered its first recession since the start…
Existing home sales slumped in April while new home sales soared (thanks to heavy incentives and price cuts) and this morning's pending home sales data was expected to rebound modestly after a sizable decline in March. However, pending home sales in…
Authored by Kyle Anzalone via AntiWar.com,The Ukrainian intelligence service says it’s attempting to kill Russian President Vladimir Putin. A high-ranking official admitted to actively plotting the Russian leader’s assassination after a recent drone attack on the Kremlin. “Putin is noticing that we are getting closer…
With the dreaded "X-Date" fast approaching, House Republicans and the White House remain at an impasse over how to raise the debt ceiling.House Speaker Kevin McCarthyRepublicans are telegraphing compromise - with Speaker Kevin McCarthy (R-CA) saying on Thursday that 'not everyone…
By John Kemp, Reuters senior energy analystSaudi Arabia’s energy minister has warned speculators to “watch out” - an implied threat to cut production again to drive prices higher when ministers from the expanded OPEC⁺ group of exporters meet on June 4.“I…
As we detailed in early May, the transition from testing to regular output last month saw Finland's first nuclear power-plant drive electricity prices dramatically lower.As yle reports, the Olkiluoto 3 nuclear reactor in Eurajoki, southwest Finland, started regular electricity production in mid-April, about…
Update (0240ET):Leth Shipping Agency posted on Twitter that Xin Hai Tong 23 has been "successfully refloated." The Suez Canal Authority has successfully refloated M/V XIN HAI TONG 23 at 0740hrs.The northbound convoy will enter at 0930hrs. https://t.co/r2aGSALXE0 — Leth (@AgenciesLeth) May 25,…
Authored by Thomas Brooke via Remix News,Travelers will now be forced to use rail alternatives as France seeks to reduce its carbon footprint...France’s ban on short-haul domestic flights when there is a viable train alternative came into effect on Tuesday, as…
Authored by Pepe Escobar via The Cradle,The G7 is stupefied by the dynamic progress of the multipolar order embodied by the Russian-led INSTC and the Chinese-led BRI, with Iran's strategic port of Chabahar now poised to play a transformative role...Make no…
The US and its G7 partners have slapped more than 300 economic sanctions on Russia since the invasion of Ukraine over a year ago. Initially, Washington and Brussels pitched the idea of sanctions as a strategy to paralyze Moscow. However, Western…
Authored by Bruce Abramson via RealClear Wire,Does artificial intelligence threaten to conquer humanity? In recent months, the question has leaped from the pages of science fiction novels to the forefront of media and government attention. It’s unclear, however, how many of…
A Massachusetts father and son have been sent to prison over a decade-long, $20 million lottery fraud scheme designed to enrich themselves while helping prize winners avoid paying taxes on their windfall.Watertown residents Ali Jaafar, 63, and Yousef Jaafar, 29, cashed…
Authored by Kathleen Li and Ellen Wan via The Epoch Times (emphasis ours),Recent statistics from China’s central bank show that home buyers’ enthusiasm has fallen drastically. Despite price cuts and incentives, the world’s largest housing market continues to slump, and China’s…
It turns out the creative solution to help fix MTA quality, that no one has thought of yet is...wait for it...raising fares.At least that is the latest proposed solution coming out of the brain trust known as the Metropolitan Transportation Authority, an…
Authored by Nick Giamburno via InternationalMan.com,.“You have the watches, but we have the time.”The Taliban often referred to this old Afghan saying when discussing their fight against the Americans.Ultimately, they were proven correct.After almost two decades of conflict, an insurgent army…
A week ago, just as Ukraine was claiming to have shot down Russian hypersonic Kinzhal missiles, three top Russian scientists who've reportedly worked on the country's hypersonic program were arrested on suspicion of treason.The Kremlin had said the three face "very serious…
Authored by Frank Fang via The Epoch Times (emphasis ours),Rep. August Pfluger (R-Texas) said he was “speechless” when he learned that a senior FBI official had not read the Durham report, which was released more than a week ago.Rep. August Pfluger…
Amazon workers are planning on protesting layoffs and requirements to return to the office (also referred to as simply "normal occurrences while participating in the workforce") by walking out of the company's Seattle headquarters next week. Because that's a great way to not land…
Authored by Jeffrey D. Sachs via Consortium News,George Orwell wrote in 1984 that “Who controls the past controls the future: who controls the present controls the past.” Governments work relentlessly to distort public perceptions of the past. Regarding the Ukraine War, the Biden…
Both the United States and European Union are mulling sanctions on the Republic of Georgia due to ongoing trade ties and Georgia's newly receiving direct commercial flights from Russia.Russia, which is Georgia's second largest trading partner, has recently moved to thaw…
Authored by Mark Jeftovic via BombThrower.com,A reader sent me this graphic which is circulating on social media.Whenever I see an unattributed image like this going around I want to verify it, lest it be photoshopped, a deep-fake or some derivation of “urban…
On Wednesday, a district court in Japan dismissed residents' calls to halt the restart of a nuclear reactor. This represents a victory for the Pacific island nation, grappling with soaring energy costs fueled by the prolonged war in Ukraine. The Japan Times reports…
Authored by Sam Faddis via AND Magazine substack,The expression “crossing the Rubicon” refers to the actions of Julius Caesar in crossing the Rubicon River and marching on Rome. Roman armies were forbidden to do so. The rule was very practical. The…
Urban Alchemy employees pick up trash while people gather belongings in the Tenderloin neighborhood. | Melina Mara/The Washington Post via Getty ImagesEveryone knows that San Francisco is the nation's largest public toilet - requiring the city to employ six-figure 'poop patrol'…
Authored by Charles Kennedy via OilPrice.com,JP Morgan has committed to invest over $200 million in buying credits for carbon removal.JP Morgan is also helping carbon capture businesses with financing.JP Morgan is also one of the biggest financiers of fossil fuel projects.JP…