Bank Of America, Citigroup May Launch Credit Cards With 10% Rate Once again Trump’s brash negotiating style appears to be paying off.  Two weeks after Trump shocked the world by demanding lenders cap credit card interest rates at 10% for one year, Bank of America and Citigroup are exploring options to do just that in an attempt to placate the president.  Bloomberg reports that both banks are mulling offering cards with a 10% […]

Lululemon Restores Controversial Leggings On Online Store, Lifting Shares Update (Thursday): Lululemon Athletica shares in New York rose about 1% around lunchtime after the company returned the Get Low line to its e-commerce store. On the session, shares were up roughly 2.8%. Earlier in the week, Lululemon pulled the new training apparel line from its North America e-commerce website just days after launch, following an uproar […]

Democrats Join Republicans In Voting The Clintons In Contempt Of Congress Authored by Jonathan Turley, Yesterday, a curious thing happened in a House Committee. Bill and Hillary Clinton were actually held accountable for flouting the law — at least as a preliminary matter. In the House Oversight Committee, Democrats joined Republicans in approving contempt resolutions against the two political figures after they refused to […]

Trump Sues JPMorgan And CEO Jamie Dimon For $5 Billion Over Alleged ‘Political’ Debanking President Donald Trump has filed a lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming the banking giant debanked him for political reasons.  The lawsuit was filed Thursday morning in a Miami state court by his attorney, Alejandro Brito, on behalf of Trump and several of his hospitality companies.  The complaint cites […]

Oil Prices Drop As Geopolitical Risk Eases, Gasoline Stocks At Highest Since 2020 Oil prices are lower this morning after Ukrainian President Zelenskiy said that the US, Russia and Ukraine will meet in coming days for trilateral team meetings. WTI dropped below $60 as Zelenskiy urged Russia to be “ready for compromises.” Any breakthrough to end Moscow’s war in Ukraine could iron out supply disruptions and end sanctions on […]

Court Blocks Feds From Searching Materials Obtained In Raid On WaPo Journalist Authored by Joseph Lord via The Epoch Times, A federal judge has blocked the government from searching data obtained in a raid last week on the home of Washington Post journalist Hannah Natanson. The order from U.S. Magistrate Judge William B. Porter comes after the federal government on Jan. 14 executed a search warrant at Natanson’s home. […]

Foreign Policy: Grading Trump’s Second Term So Far Following Dinesh D’Souza and Dave Smith’s clash on what really is America First last week, fault lines were largely drawn on geopolitical lines. Core differences between the Carlson-Gaetz-Bannon and Shapiro-Levin-Loomer camps of the conservative movement lie on issues like the U.S. relationship to Israel, the capture of Maduro, with some GOP hawks still supporting intervention […]

Trump’s “Green Deal” Has Fully Shattered The Liberal World Order By Michael Every of Rabobank Green Stocks Land The Greenland crisis was logically always likely to end quickly, to market approval, due to European geostrategic weakness, but still herald a new world order that markets don’t understand and won’t like once they do. That’s exactly how it’s now played out. At Davos, President Trump ruled out the use of force […]

Alberta Sees Large Turnout For Petition To Separate From Canada Crowds of Canadian citizens stood in long lines across Alberta for hours this week to sign a petition for a referendum on leaving Canada – officially titled “A Referendum Relating to Alberta Independence.”  The petition requires at least 177,000 signatures in order to trigger the referendum, which would ultimately decide if the province will separate. Petitions have […]

FBI Arrests Far-Left Activists Who Stormed Minnesota Church Attorney General Pam Bondi on Thursday announced that two far-left activists – one of whom played a ‘key role’ in the storming of a Minnesota church – have been arrested.  Nekima Levy Armstrong “So far, we have arrested Nekima Levy Armstrong, who allegedly played a key role in organizing the coordinated attack on Cities Church in St. Paul, Minnesota,” Bondi posted on X, […]

Watch Live: Elon Musk Speaks With Larry Fink At Davos Update (1105ET): Notable comments from the Musk-Fink conversation:  Musk says there are 9,000 Starlink satellites in low Earth orbit and that SpaceX has never had to maneuver to avoid an alien spacecraft. Musk says AI and robotics will improve the standard of living. This could lead to an explosion of the global economy.  Musk predicts that so many robots would […]

Zelensky Blasts Europe’s Inaction, Paralysis As Greenland Sideshow Consumes Attention “Europe loves to discuss the future but avoids taking action today.” As Bloomberg has described it, a visibly angry Zelensky Ukrainian President Volodymyr Zelensky tore into European leaders at the World Economic Forum in Davos on Thursday. “Where is the line of leaders who are ready to act?” he questioned. Highlighting that his own capital is […]

Fed’s Favorite Inflation Indicator Refuses To Show Any Signs Of Runaway ‘Trump Tariff’ Costs Before we all get too excited, bear in mind that this is November’s data – so still horribly stale (and also missing October’s data point entirely) – but it’s all we have for now, so let’s dive in… The Fed’s favorite inflation indicator – Core PCE – rose 0.2% MoM (as expected), which leave it up 2.8% YoY (as expected), slightly lower than […]

“Totally Absurd”: Circle CEO Rejects Bank-Run Fearmongering Over Stablecoin Yields Authored by Helen Partz via CoinTelegraph.com, Jeremy Allaire, CEO of the publicly listed stablecoin issuer Circle, said interest payments on stablecoins do not pose a threat to banks. Speaking Thursday at the World Economic Forum in Davos, Allaire described concerns that stablecoin yields could cause bank runs as “totally absurd,” citing […]

NatGas Jumps 75% As Extreme Cold, Blizzard Risks Threaten Appalachian Gas Supply US natural gas futures are ripping higher, up roughly 75% in just three trading days, and are on pace to post the largest weekly gain on record. The move has all the signs of a classic winter-driven short squeeze, with traders scrambling to cover as a polar blast descends into the Lower 48. An intense Arctic blast and a sprawling winter storm […]

US Q3 GDP Revised Up to 4.4%, Highest In Two Years While it’s ancient history now – even preceding the record long government shutdown – and nobody will care, moments ago the BEA reported that its first revision of third quarter GDP came in a bit hotter than expected as US GDP grew slightly more than initially reported, supported by stronger exports. Due to the recent government shutdown, this updated report for the third quarter […]

House To Vote On Bill To Fund The Government Authored by Joseph Lord via The Epoch Times, The U.S. House of Representatives will vote on a multi-bill package to fund the federal government on Thursday. The legislation includes funding for the departments of Defense, Homeland Security, Labor, Health and Human Services, Education, Transportation, and Housing and Urban Development. Most portions of the bill are expected to pass […]

Rate-Cut Odds Tumble As Jobless Claims Hover Near 56-Year-Lows Following last week’s plunge back below 200k, analysts expected a small rise to 209k this week but the number of Americans filing for jobless benefits for the first time remained flat at 200k. Notably, as is usual at this time of year, non-seasonally-adjusted claims spiked… Source: Bloomberg …basically hovering at its lowest levels since 1969… Source: […]

US Futures, Global Markets Rally After Trump Greenland Pivot US equity futures and global stocks are sharply higher as the S&P again marches toward a new ATH while the latest vol spike subsides, after Trump’s tariff pivot eased geopolitical fears, though Greenland and other flashpoints mean the optimistic mood is laced with some caution. As of 8:00am ET, S&P 500 futures rose 0.5% after the benchmark’s biggest advance […]

Das: Trump’s Spat With The Fed Is Not About Central Bank Independence Authored by Satyajit Das via New India Express, The spat between the White House and Fed Reserve Chairperson Jerome Powell, a President Trump appointment, is hardly unusual. Lyndon Johnson and Richard Nixon bullied the central bank to lower interest rates. Central banks function as the government’s banker, issue currency, maintain the payment system and […]

Ubisoft Crashes Most On Record After Tom Clancy’s Rainbow Six Maker Unveils Reorganization, Cancels Games Ubisoft Entertainment SA shares in Paris crashed the most on record after the maker of Tom Clancy’s Rainbow Six Siege (more commonly known for Assassin’s Creed) announced widespread restructuring, studio closures, project cancellations, and sharply lower guidance. Shares plunged as much as 36% in the intraday session, […]

$6,000 Gold Ahead As Trump-Treasury & Fed Will ‘Run It Hot’ In 2026 Via Greg Hunter’s USAWatchdog.com, Financial writer, market analyst and precious metals expert Craig Hemke predicted at the beginning of 2024 that the US would add a whopping $2 trillion in debt.  It did.   At the beginning of 2025, Hemke predicted the US dollar would take a big hit.  It did, and record high gold and silver prices score Hemke another […]

Trump Will “Wipe Iran Off The Face Of The Earth” If It Ever Tries To Assassinate Him There’s no evidence that agents from Iran have ever tried to assassinate President Trump – though there have been lots of rumors and even a federal court case suggesting some kind of past plot in a “murder-for-hire” scheme. But the topic was raised as Trump spoke to NewsNation’s Katie Pavlich Tonight, which marked the second anniversary of […]

Greentanamo: Trump Deal Gives US Sovereignty Over Small Pockets Of Greenland For Military Bases Update (1630ET): Details of Trump’s Greenland deal are trickling in. With little official information on what Trump earlier called “a framework of a future deal with respect to Greenland”, which prompted the president to call off tariff threats that he had issued in an effort to secure American ownership of Greenland, and sparked a […]

Trump Unveils His Board Of Peace In Davos: A Replacement To The UN Or A US-Led Coalition Of The Willing? On the second and final day of his visit on Jan. 22, U.S. President Donald Trump released the Board of Peace charter, which is part of the peace process between Israel and Hamas to end the war in Gaza. The White House on Jan. 16 named several members of the Trump administration, as well as international leaders, to positions […]