Chipotle Pulls Jalapeños As Minnesota Salmonella Outbreak Widens To 15 States; Shares Tumble Chipotle Mexican Grill (CMG) shares fell sharply Tuesday after Bloomberg reported that the chain had removed jalapeños from Minnesota restaurants over a suspected link to a salmonella outbreak that has sickened 110 people in the state – while WaPo reports that the outbreak has spread to 15 states. Chipotle stock fell as much as 8.5% […]

Democratic Socialists Openly Call For The Erasure Of Constitutional Government Joseph McCarthy was right about everything.  Communist movements have been playing the long game from inside western nations, exploiting the liberal freedoms westerners enjoy as a backdoor to sabotage free market choice and constitutional checks and balances from within.  The players might have changed over the decades, but the ideological goals remain […]

Musk Taunts SpaceX Bears Ahead Of Earnings: “I Tried To Warn Them, But They Just Double Down” Summary:  Musk Warns Bears (Again)  Earnings at 1600 ET; Earnings Call at 1630 ET  SPCX Short Position Soars  SpaceX Earnings Preview: The Five Questions That Matter Most  Musk Comments On ZH X Post  Elon Musk has delivered another reminder to bears piling into SPCX shorts that “doubling down” can be a very costly strategy. The […]

Apple Demands Forensics, Injunction On OpenAI – Which Fired Back Hours Later Apple went to a federal judge on Monday with a sweeping demand in its case against OpenAI – in which two former Apple employees stand accused of funneling confidential information to the ChatGPT maker. Apple wants an order barring OpenAI, io Products, Chang Liu, and Tang Yew Tan from touching its alleged trade secrets, plus forensic imaging of OpenAI’s […]

Palisades Fire Fraud: Man Headed To Prison After Scamming $64K Out Of FEMA An East Hollywood man is headed to federal prison for a year and a day after collecting more than $64,000 in wildfire disaster relief on a Pacific Palisades home he had no connection to whatsoever. People gathered on the beach near cleared lots where houses were destroyed in the Palisades Fire at the Pacific Palisades Bowl Mobile Estates in Los Angeles on […]

Former FBI Agent Charged With Stealing Nearly $1 Million In Crypto, Asked ChatGPT How To Hide It Authored by Jesse Hamilton via CoinDesk.com, A supervising U.S. FBI agent who worked in intelligence at the national headquarters has been arrested and accused in a federal court filing of stealing more than $1 million in cryptocurrency. The high-level special agent, identified as Patrick Steven Yarmoch, allegedly turned himself in […]

New Signals Point To Another Possible Migrant Invasion Against Ceuta The scenes from the Ceuta invasion were deeply alarming, as 60,000 predominantly military-aged men, many carrying no supplies, crossed from Morocco into the Spanish enclave. The invasion set off alarm bells across the West, reinforcing concerns that uncontrolled mass migration poses a major national security risk. According to The Sun, there are new concerns […]

Oil Tumbles On Iran Deal Buzz As Rubio Still Insists ‘Denuclearization’ Is The ‘Ultimate’ Goal Summary Rubio: The “ultimate deal” is the denuclearization of Iran, while Omani talks focus on reopening Hormuz. Stalemate persists: Iran refuses nuclear negotiations until the conflict ends, leaving both sides far apart. Deal optimism sees oil slide: Brent fell below $80 on reports of progress in Oman-mediated Hormuz talks. Bessent […]

Undrain The Swamp: JOLTS Miss Despite Shocking Surge In Government Job Openings To Biden Admin Levels After five straight months of JOLTS beats, including two blowout prints for April and May and zero misses since 2025… … it was inevitable that the BLS would eventually pot out a disappointment, if only to preserve the myth of “accurate data.”  That’s what happened today when in the latest JOLTS report, the US dept of labor […]

CLARITY Act Failure Could Send Crypto Valuations Lower: Bernstein Authored by Zoltan Vardai via CoinTelegraph.com, The odds of the Digital Asset Market Clarity Act’s (CLARITY) passage are dwindling as the US Senate is scheduled to begin summer recess at the end of this week, threatening another leg down for cryptocurrency valuations, according to wealth manager Bernstein. Bernstein said that the Senate’s failure to pass the […]

Waymo Robotaxi Crash Rate 68% Lower Than Human Drivers, Study Finds Though they’ve have racked up quite a few troubling anecdotes on America’s roads, Waymo robotaxis have achieved a crash rate that’s far lower than what’s observed when humans are driving, according to a recent study published by the Insurance Institute for Highway Safety. A private scientific organization funded by insurance companies, IIHS is regarded by many as a […]

The Bond-Salesman-In-Chief Has Fired The First Shot Of The Capital Market War That Follows The Trade War By Benjamin Picton, senior market strategist at Rabobank US equity markets approached record highs yesterday as traders basked in the afterglow of Donald Trump’s decision to (again) call off Iran strikes in favor of diplomatic efforts. The S&P500 closed almost 1.5% higher and the NASDAQ 100 was up by almost 1.8%. Sovereign […]

Bezos To Dump $4 Billion In Amazon Stock After Surge As Cramer Calls Sale A “Buzzkill” Amazon founder Jeff Bezos plans to sell 15 million shares worth roughly $4.07 billion under a prearranged trading plan, according to a Form 144 regulatory filing. The planned sale comes after Amazon shares surged about 25% over the last several trading sessions. The shares, which Bezos acquired as founder’s stock in 1994, will be sold through […]

Suspected Arsonist Arrested In Spokane Wildfire; Former Lefty Gov. Inslee Blames Global Warming Summary: Former Washington Gov. Jay Inslee Blamed Wildfires on “Climate Change” Suspected Arsonist, 37, Arrested in Connection With Old Trails Fire Spokane-Area Blazes Trigger Mass Evacuations and Emergency Declaration Suspected Arsonist Arrested in Spokane’s Largest Wildfire After former Washington Governor Jay Inslee gaslit social […]

Five Killed In Latest Ukrainian Drone Strike On Moscow As Civilian Death Toll Climbs Ukraine has continued to conduct long-range drone strikes focused on the Moscow region, deep inside Russian territory. Zelensky has touted that he is ramping up the military pressure on Russia, and will force it to the negotiating table to end the war “by winter”. The latest overnight strikes killed at least five people and injured ten when a drone […]

US Core Factory Orders Unexpectedly Plunge Most In A Year Despite the latest Manufacturing PMI surging to four year highs, US Factory Orders unexpectedly dropped in June (-0.3% MoM vs +0.2% MoM expected). This is the second monthly decline in the headline print in a row, but orders remain up 7.4% YoY… Source: Bloomberg Worse still, Core Factory Orders (excluding Transports), dropped 0.4% MoM (dramatically missing expectations […]

Bitdeer Lands $4.7B Norway Lease With a16z-, Nvidia- And Dell-Backed Volta Bitdeer Technologies Group (NASDAQ: BTDR) announced Aug. 4 that it has executed a 16-year colocation lease and services agreement for 121 IT megawatts at its Tydal, Norway campus, representing roughly $4.7 billion in contracted payments, with a renewal option that takes the potential total to $8.0 billion over 24 years. The announcement sent shares about 14% […]

Trump Admin Drafting Ban On Chinese Optical Transceivers To Protect Data Centers From Spying The Trump administration is preparing to slap import bans on Chinese optical transceivers, targeting a critical component for US data centers as White House officials seek to protect infrastructure supporting the AI boom from Chinese espionage, Reuters reported. These small, pluggable connectors convert electrical signals from servers, […]

Shit Out Of Luck: 2 Dead In Outbreak Of Diarrhea-Causing Parasite: Officials Authored by Zachary Stieber via The Epoch Times, Michigan authorities on Aug. 3 said two deaths are linked to the cyclosporiasis outbreak in the state, the first time cyclosporiasis-associated deaths have been reported since outbreaks began in the spring. A farmer washes lettuce in a backyard urban farm in Los Angeles, on March 25, 2020. Robyn Beck/AFP via […]

Futures Hit Record High As Oil Tumbles After Bessent Says Hormuz May “Reopen Tomorrow” S&P futures are trading at all time high with the latest push higher triggered by comments from Scott Bessent on CNBC who echoed Trump in saying that “we may have Iran deal tomorrow to open Hormuz” (or we may not). The Nasdaq also looks set to extend Monday’s gains: As of 8:00am ET, S&P futures are up 0.4% to an all time high of 7655 […]

Caterpillar Erupts As Quarterly Sales Top $20 Billion For First Time Amid AI Data Center Boom Caterpillar shares jumped in pre-market trading after reporting a second-quarter beat, driven by strong growth in its heavy machinery, power and energy business amid the data center buildout, reshoring, and other activities reindustrializing the nation under the Trump administration. Revenue soared 24% from one year ago to $20.54 billion, […]

Saudi Aramco Profit Soars As CEO Warns Hormuz Closure Removes 100 Million Barrels A Week Saudi Aramco, the world’s largest oil producer by volume, reported a 33% jump in second-quarter profits on Tuesday as the war-driven surge in Brent crude, which averaged $97 a barrel, boosted earnings. The company maintained export flows by redirecting crude around the disrupted Strait of Hormuz through its East-West Pipeline to the Red Sea. […]

Global Bond Market On Edge As Japanese Yields Soar After “Horrible” 10Y JGB Auction While much of the market focus has fallen on the US long-end, which saw substantial pressure in the past week, sending 30Y yields to 5.27%, the highest level since 2007, it was Japan again which stole the show overnight. But first, recall that the primary tradeoff for the BOJ preventing it from raising rates and comfortably pushing up the yen without […]

“Creepy” Smart Glasses Are Creating A Privacy Problem Smart glasses are quickly becoming the next major consumer tech battleground, with Meta leading the market and rivals including Google, Samsung, and Apple preparing their own AI-powered eyewear. But as the devices become more capable, they’re also fueling a growing debate over whether convenience is coming at the expense of privacy, according to a new report from Wired.  Unlike […]

Trump Says Iran Faces ‘Decapitation’ If It Doesn’t Sign A ‘Good’ Deal Summary Trump says Iran faces ‘decapitation’ if it doesn’t agree to a deal. Trump says Gulf allies halted planned US strikes in favor of diplomacy. Iran says Hormuz talks with Oman are progressing, but US actions remain the obstacle. Oil prices still falling on optimism over Hormuz negotiations & uptick in transit. Tehran is betting it can outlast Trump […]