Supreme Court Blocks Trump Firing Of Fed Governor Lisa Cook – For Now The Supreme Court on Monday handed President Trump a significant defeat – ruling 5-4 that his attempt to fire Federal Reserve Governor Lisa Cook was procedurally invalid and that the Fed’s century-old independence from presidential removal-at-will remains constitutionally intact. That said, it isn’t over for Cook – as the Court said she can stay in her job for […]

Key Events This Holiday-Shortened Week: Jobs, Warsh In Sintra, ISM, ADP Global attention this holiday-shortened week,will center on the US labor market, with the June employment report due on Thursday ahead of the Independence Day holiday. A reminder that the US will be 250 years old this week. Alongside that, central bank communication will be in focus at the ECB’s Sintra forum (today through Wednesday), while inflation data […]

Str-Eye-ke For A Str-Eye-ke By Bas van Geffen, senior macro strategist at Rabobank This weekend’s events cast fresh doubts over the value of the US-Iran memorandum of understanding. On Friday, President Trump condemned the drone attack on a container ship that was transiting the Strait of Hormuz. Trump posted on Truth Social that the US had shot down three other drones, adding that “obviously, this is a foolish violation of […]

“Bitcoin Is Capital”: Saylor’s Strategy Says May Sell Up To $1.25 Billion Crypto To Fund Dividends Authored by Micah Zimmerman via BitcoinMagazine.com, Strategy Inc. (Nasdaq: MSTR), the world’s largest bitcoin treasury company, announced a sweeping capital management overhaul earlier today, introducing what it calls a Digital Credit Capital Framework. The announcement sent MSTR shares up 6% in pre-market trading and pushed […]

Watch: Giant Explosion Rocks Lebanon As IDF Destroys Hezbollah’s Underground Drone Complex In a move bound to test the limits of the fragile Washington-brokered regional ceasefire, Israel has unleashed massive ordinance on southern Lebanon, saying it has utterly destroyed a huge underground complex built and used by Hezbollah. Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz have freshly announced that the Israel […]

Futures Rise As Dip-Buyers Lift Tech Stocks US equity futures are higher led by Tech as Mag7 leads the group higher and points to a reversal of last week’s profit-taking, as traders position for the end of the first half. A shortened week will likely focus on a speech from the Fed’s Warsh on Wednesday and payrolls on Thursday.  As of 8:30am, S&P futures are 0.9% higher as traders bought the dip after a rotation out of this […]

US Boosts Venezuela Earthquake Aid To $300 Million As 50,000 Remain Missing Summary: US Increases Earthquake aid Aftershock rattles Caracas on Monday morning  +50,000 people remain missing according to independent monitoring platform US Military Begins Humanitarian Operation In Quake-Ravaged Venezuela US Increases Earthquake Aid The US has increased its financial commitment to Venezuela’s earthquake response to more than […]

The Last Word On Kernen Vs. Grantham Submitted by QTR’s Fringe Finance Last week, CNBC’s Andrew Ross Sorkin and Joe Kernen interviewed legendary value investor Jeremy Grantham, and for about six minutes the conversation turned into one of the better moments I’ve seen on financial television in a long time. Grantham, the 86-year-old co-founder of GMO, whose case for the market being overvalued I highlighted last week, built […]

“Entering The Mega Investment Era”: JPM Breaks Down South Korea’s Plan To Double Memory-Chip Production Any hope that the memory-chip shortage would ease this year was upended Monday morning, as South Korea’s two memory giants, Samsung and SK Hynix, prepare a massive capacity expansion that will unfold over the next five years rather than provide near-term relief. That means the supply squeeze rippling through consumer electronics, […]

US & Iran Set For New Talks, Trump Says, Hours After Tehran Denied Plans Due To Days Of Hormuz Attacks After some persisting Sunday reports, including in The Wall Street Journal, said that last week’s renewed tit-for-tat fighting between the US and Iran in the Strait of Hormuz had ‘stalled’ the next round of talks, President Trump stated on Truth Social Monday that a meeting on Iran would be held in Doha Tuesday. He stipulated […]

Bursting Of AI Bubble, Collapse Of Circular Deals Are Among Top Risks To Global Financial System, BIS Warns An artificial-intelligence bust (and thus bubble), inflation and fiscal stress are the three the most alarming threats to global prosperity at present, the Bank for International Settlements warned. In its annual report published on Sunday, the Basel-based institution – better known as the central banks’ central bank – cited […]

Comcast Shares Jump Most Since 2008 On Plans To Separate Units Comcast shares jumped the most in nearly two decades on news that it plans to split NBCUniversal and Sky into a separate publicly traded company through a tax-free spin-off. The transaction, expected to close in about one year, would leave Comcast shareholders owning stakes in both. Comcast would remain centered around broadband, wireless, business services, and […]

Amazon Prime Day Sales Rise 9% Year Over Year, Topping $26 Billion Americans spent a record $26.4 billion during Amazon’s four-day Prime Day sales event, a 9.3% increase from a year earlier, per Adobe Analytics and according to Reuters.  The gains were fueled by heavy promotions across categories including electronics, appliances, clothing, toys, personal care products, and household necessities, as consumers looked to maximize […]

Record 1 In 16 People Worldwide Now Use Drugs, UN Report Says Authored by Naveen Athrappully via The Epoch Times, One out of every 16 people in the world uses drugs, the highest level at any point in human history, the United Nations said in a June 26 post on X. “While cannabis remains the most widely used drug, the global cocaine market has reached record levels,” the U.N. stated in the post. In the 10 years between 2014 and […]

EU Watchdog EBA Details Big Crypto Fines As Landmark Laws Bite Authored by Robert Lakin via CoinTelegraph.com, The European Banking Authority on Friday unveiled a sweeping framework to penalize cryptocurrency issuers that violate the European Union’s digital-asset laws, signaling a tougher enforcement stance as the trade bloc finalizes its historic regulatory architecture. The consultation paper published June 26 establishes a […]

GM Replaces 1,000 Factory Zero Workers With 50 Robots General Motors is once again under the microscope after expanding automation at its Detroit-based Factory Zero plant, installing about 50 collaborative robots not long after cutting more than 1,000 positions, according to Yahoo Finance. The decision reflects a broader shift across the auto industry as manufacturers lean more heavily on robotics and AI to improve efficiency while […]

Is There Any Point In Getting To Know Andy Burnham? Authored by Joanna Gray via DailySceptic.org, The best way to approach Andy Burnham, our new Prime Minister-in-waiting, is like the latest girlfriend of a desirable but emotionally damaged philanderer. We should be polite but there’s no real point in spending too much time getting to know her, because she’ll be replaced with a new model in a matter of months. Let’s call […]

Did The World Cup Just Start A War In Europe Over Air Conditioning? The World Cup has triggered one of the most surprising global cultural awakenings in decades and almost no one saw it coming.  The establishment media had been running negative propaganda for months, claiming that the event was going to be a disaster because it was being held in the US.  The machine had already decided that the World Cup in 2026 was going to be […]

Turkey Bans Protests Across Many Provinces Ahead Of Major NATO Summit Via Middle East Eye Rights groups have condemned a protest ban imposed by Turkey ahead of a Nato summit, as well as the arrest of hundreds of people in a sweeping crackdown. Last week, the Ankara Governorate announced a 13-day province-wide ban on all public assemblies from Sunday, citing “national security” and security measures around the conference. […]

250 Years Ago: South Carolina Defeats The British Empire Authored by Alan Wakim via The Epoch Times, On the morning of June 28, 1776, Thomas Jefferson and the Committee of Five presented a draft of the Declaration of Independence to John Hancock, president of the Second Continental Congress. Although immortalized by John Trumbull’s famous painting, the historic moment unfolded with quiet parliamentary precision and strict […]

Speculation Nation Authored by Adam Sharp via DailyReckoning.com, Americans are natural risk takers. This trait goes back to the country’s founding stock. Many of our ancestors decided to leave their homelands and set off to the New World. In search of freedom, land, meat, and prosperity, these pioneers laid the foundation for a bold nation. As a result, Americans have always excelled in the entrepreneurial arts. We aren’t […]

Baghdad’s Green Zone Locked Down As Officials Arrested In Corruption Sweep Beyond Sunday’s Iranian drone and missile attacks targeting Bahrain and Kuwait, launched in response to earlier U.S. airstrikes, Hormuz shipping traffic remains stable but well below last week’s peak, when 57 vessels transited the strait on Wednesday. With maritime flows stable through the critical waterway, attention now shifts to Iraq, where a widening […]

Supreme Court Expected To Rule On Cook, Elections, And Trans Athletes The U.S. Supreme Court is expected to decide in the coming days whether President Donald Trump can remove Federal Reserve Board of Governors member Lisa Cook from her post – an extraordinary step that would mark the first presidential firing of a Fed official since the central bank’s founding in 1913 and directly test the institution’s independence from political […]

“Wants To Be More Political Than His Daddy”: Alex Soros Plows $103 Million Into Unhinged Democrats Ahead Of Midterms The uncomfortable reality for socialist Democrats is that the anti-capitalist and anti-American movement is not an organic uprising from the working class, as they often portray in their propaganda. Socialism on full display: AOC wears “Tax The Rich” dress to the Met Gala ($30k tickets) while masked workers serve […]

AI Demand, War, & Climate Pressure Push World Back To Nuclear Authored by Haley Zaremba via OilPrice.com, The US and Canada each announced plans this week to build ten new nuclear reactors, the biggest coordinated nuclear push in North America in decades. The moves come as the AI boom, the war in Iran, and broader geopolitical instability push energy security to the top of the policy agenda worldwide. China added 34 […]