UN Maritime Boss Warns Ships To Avoid Hormuz As Transits Continue The International Maritime Organization warned Wednesday that the Strait of Hormuz remains too dangerous for commercial shipping, even as vessels continue to transit the narrow waterway. US Central Command said its latest round of strikes against Iranian coastal military targets concluded early Wednesday. Tehran retaliated with missile and drone attacks against […]

Iraqi Militia Vows To Disrupt Any Future Iraq-Syria Oil Pipeline: US ‘Stealing Our Oil’ Via The Cradle US and Iraqi officials are set to conclude a major energy deal as part of Prime Minister Ali al-Zaidi’s visit to Washington this week, according to Iraqi officials cited by AP Wednesday. “An agreement is slated to be signed Friday between Iraq, US companies Chevron and TI Capital, and Qatar’s UCC for construction of an oil […]

Pennsylvania Data Centers Face Increased Oversight Under New Law By Diana DiGangi of UtilityDive Pennsylvania’s Democratic Governor Josh Shapiro, signed a budget Sunday which will require data centers to report their exact water and power usage annually to the state. It also requires the PJM Interconnection to give Pennsylvania state regulators additional insight into its demand forecasting. “The current process by which […]

SpaceX Shares Fall Below $135 IPO Price, But The Real Story Is Its Bonds SpaceX has slipped below its much-hyped $135 IPO price, and down 40% from the all time high hit during the June 15th gamma squeeze when the stock surged above $220 if ovenright trading, an “inevitable outcome” according to Bloomberg, which lends some validation to the skepticism surrounding “a valuation that always relied more on imagination than observable […]

Legionnaires’ Cases Rise In Manhattan’s Upper East Side As Dozens Of Cooling Towers Test Positive Authored by Kimberley Hayek via The Epoch Times, New York Health officials have identified dozens of cooling towers in Manhattan’s Upper East Side that tested positive for traces of Legionella bacteria, as Legionnaires’ disease cases reached 63 as of Tuesday. So far, 12 people are currently hospitalized, and 40 have been discharged […]

Alibaba’s Qwen AI Will Be Integrated Into Apple Phones In China Amid Push For Local Models Apple is starting to take cost-cutting (and Chinese supply chains) very seriously. Just days after reports that the smartphone giant will use China’s DRAM pioneer CXMT (which just priced its IPO) for local memory as a cheaper alternative source to ridiculously overpriced DRAM sourced from the memory cartel triad of Samsung, SK Hynix and […]

Standard Nuclear Slashes IPO Size As Nuclear Comps Collapse Standard Nuclear reset its IPO terms sharply lower as recent nuclear peers have watched their stock price crater after debuting on the public market.  The TRISO fuel manufacturing company originally targeted 18.25 million shares at $18-$21, for up to $383 million in proceeds and an implied valuation as high as $3.55 billion. It has now filed to sell 10 million shares at […]

Trump Says FBI Wasting Time If It Probes Conspiracy Theories About Graham’s Death Authored by Aldgra Fredly via The Epoch Times, President Donald Trump said on July 14 that he was aware of the conspiracy theories surrounding Sen. Lindsey Graham’s (R-S.C) sudden death but said that any FBI investigation into them would be a waste of time. Trump was responding to a reporter’s question at the Oval Office about why FBI agents […]

Wisconsin Panel Finds Elon Musk Likely Broke The Law With $1 Million Voter Checks Authored by Kimberley Hayek via The Epoch Times, A bipartisan Wisconsin elections panel has determined there is probable cause that Elon Musk broke state law by offering two $1 million checks to voters during last year’s hotly contested Supreme Court race. The Wisconsin Elections Commission voted 5-1 last week to file two complaints against the […]

Fort Knox Standoff: Bessent Says All The Gold Is There, Says America ‘Used To Be Backed’ By It U.S. Treasury Secretary Scott Bessent has once again assured the public that America’s gold reserves remain fully intact, pushing back against years of speculation surrounding the legendary vaults at Fort Knox. In a Fox News interview with Jesse Watters that aired Monday night, Bessent reiterated his standing assurance that every ounce of […]

WTI Dips As US Crude Production Hits Record High, SPR Draw Slows, Cushing Remains At ‘Tank Bottoms’ Oil prices are marginally higher overnight after President Trump reinstated the blockade on Iranian ports in the Strait of Hormuz and shipping slowed to a crawl amid the renewed warfare in the critical waterway. US Central Command said it completed a morning round of strikes on Iran that further degraded its ability to attack […]

“Going To Rock A Lot Of Things”: Pentair Crashes After Guidance Cut And CFO Exit As Pool Boom Fades Pentair shares crashed in early U.S. cash trading after the swimming pool equipment and water treatment systems company slashed its 2026 outlook. Preliminary second-quarter results also missed estimates, while the sudden departure of its CFO raises questions about the company’s trajectory and whether the Covid-era pool boom has […]

Zelensky To Remove Ukraine’s Reforming Young Defense Minister In Ongoing Shake-Up: Report Ukraine’s 35-year old defense minister, Mykhailo Fedorov, has only been in the top military spot for six months, but amid a new Zelensky-initiated major cabinet reshuffling, the FT reports that the military’s top spot has been targeted as the next leadership change. The report has been issued just on the heels of Prime Minister Yulia […]

We Have The Tools/Tolls To Do It By Michael Every of Rabobank Markets were delighted by US CPI data. Against a backdrop of oil up nearly double digits they instead got a number closer to a future trimmed mean measure without that nasty volatility, even if it was a fall in gasoline prices that resulted in the -0.4% m-o-m headline and 0.0% core prints. Warsh modelled the New Model Army he wants to see central bankers being: he […]

Why Central Banks Love A Gold Sell-Off Via SchiffSovereign.com, On July 7, Bloomberg published an article with the headline: “Gold’s Bull Market Has Ended and Now All Eyes Are on Bears,” explaining how many retail investors have headed for the exits. That same day, the People’s Bank of China, the country’s central bank, reported its largest monthly gold purchase since 2023. Of course, June marked its twentieth […]

US & Iran Exchange Heavy Strikes For 5th Day As Trump Warns He’ll Take Out Power Plants Next The Pentagon opened Wednesday morning (US time) by announcing yet another round of strikes on Iran, in what looks like sustained action – also increasingly expanding to include civil and energy infrastructure of the Islamic Republic. “At 6 a.m. ET today, U.S. Central Command forces began launching a wave of strikes against Iran,” […]

Man Fleeing ICE Agents Struck, Killed By Semi-Truck In Florida Authored by Kimberley Hayek via The Epoch Times, A 28-year-old man died early on July 14 after he ran into the path of a tractor-trailer on State Road 16 in St. Augustine, Florida, moments after running from federal immigration agents at a nearby gas station. Florida Highway Patrol Master Sgt. Dylan Bryan said the sequence of events started in the parking lot of a […]

July Rate-Hike Off The Table After Producer Price Inflation Drops Most Since COVID Following yesterday’s much cooler than expected, Goldman’s Rich Privorotsky notes that today’s PPI print matters more for the core PCE read-through (Fed’s favorite inflation indicator), particularly healthcare and financial services. While May’s headline PPI print was hot, core was cooler than expected, and June’s data release today was expected to […]

Futures Rise After Blowout ASML Earnings Boost Tech Sentiment Futures are higher led by technology stocks, after solid earnings from ASML offered fresh evidence of the relentless demand for chips enabling the global AI buildout and boosted sentiment across the AI Infra trade. As of 8:00am ET, S&P futures are up 0.1% and Nasdaq futures rise 0.4%, both off session highs. In Tech, focus is on ASML +4%  on guidance raise (US […]

Federal Regulators Direct Banks To Scrutinize Loans To Illegal Aliens Authored by AG News Staff via American Greatness, Federal banking regulators have closed a long-standing loophole that allow illegal immigrants borrow money from U.S. financial institutions with little scrutiny of their legal status. The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the National Credit […]

Largest US Power Grid Is 6.8 Gigawatts Short To Ensure Reliability On Historic Data Center Boom The largest US power grid failed for a third straight year to secure enough future supply commitments to ensure reliability for the future amid a historic boom in data center demand. PJM Interconnection, the largest US power grid (Regional Transmission Organization), which serves 67 million customers in 13 states and Washington, DC, said […]

PayPal Soars On Reported $53 Billion Buyout Bid From Stripe And Advent PayPal shares surged the most on record in premarket trading in New York after Reuters reported that payment company Stripe and private equity firm Advent International have offered more than $53 billion to acquire the struggling payments platform. PYPL shares are up 20% premarket…  It’s the biggest single-day jump since at least 2015 (which is near the […]

ASML Rises On Upgraded Outlook As Capacity Expansion Signals Robust Chip Demand Technology stocks moved higher early Wednesday after ASML Holding delivered strong earnings and raised its full-year guidance, providing fresh evidence that demand for the advanced chips and manufacturing equipment powering the AI boom remains intact. Nasdaq 100 futures gained about 40bps, while ASML shares rose 4% in Amsterdam after the company lifted […]

US Gov’t Set To Expose Far-Left Radicalization Pipeline Leading Back To Communist Cuba Watching the Democratic Socialists of America tighten their grip on the Democratic Party while far-left activists grow louder and bolder in their calls for revolution, “killing capitalists,” and destroying the U.S. “from within” set off alarm bells.  Even the left-wing outlet The Atlantic acknowledged the troubling rise of “left-wing terrorism” […]

Can Britain’s Next Prime Minister Escape The Net-Zero Trap? Authored by Diana Furchtgott-Roth via Civitas Outlook, Andy Burnham has a chance to restore sanity to British politics by choosing domestic production over Chinese renewables. Britain is suffering from disruptions in both weather and politics as a heat wave grips a country where only four percent of homes have air conditioning. Sir Keir Starmer has resigned as Labour […]