Amazon’s Power Shortage Makes The Case For Why AI Needs Nuclear As we have been consistently highlighting on Zero Hedge for the better part of the last two years, rapid growth in artificial intelligence and cloud computing is testing America’s electric grid and exposing the urgent need for new, always-available power. The most recent example highlighted by Bloomberg was a case where Amazon has accused PacifiCorp, a Berkshire […]

Senators Say Bondi And Patel Are Being ‘Sabotaged’ On Epstein Files; Massie Isn’t Buying It Authored by Jose Nino via Headline USA, Rep. Thomas Massie, R-Ky., is challenging explanations that FBI Director Kash Patel and Attorney General Pam Bondi lack full control of their agencies nearly a year into the Trump administration, particularly when it comes to their handling of Jeffrey Epstein investigation files. Sen. Ron Johnson […]

These Are The 40 Airports That Will Reduce Flights Due To Shutdown The world’s busiest airport and 39 others across the United States were forced to decrease flights by 10 percent starting on Nov. 7. The Federal Aviation Administration (FAA) announced the decision on Nov. 4, as it struggles with personnel shortages due to the ongoing government shutdown. Those flight controllers who stay on continue to work without pay. “We […]

When A Train Wreck Is No Accident Submitted by Jeff Thomas via InternationalMan.com, “In spite of all the rhetoric, we will go deeper in debt, the Fed will print more money, and the value of the dollar will continue to plummet.” – Ron Paul Never in history have the economic and political structures been so manipulated by those who are responsible for their safekeeping; never has so much been at stake, in so many countries, […]

Disagreements Emerge Over US-China Rare Earth Deal, As US Adds Uranium, Silver To Critical Minerals List Two days ago, when discussing China’s surprising announcement that Trump should not cross four “red lines” (including i)Taiwan, ii) democracy and human rights, iii) China’s political system, and iv) development rights) or risk a collapse of the trade truce, we said that “ever since the recent “truce” in the trade war between the […]

Tesla Shareholders Approve $1 Trillion Pay Package For Elon Musk Update 1730EST: Tesla shareholders approved a massive new compensation package for Elon Musk, potentially worth up to $1 trillion, with more than 75% voting in favor at the company’s Austin annual meeting. However, as noted earlier, the full compensation would only be delivered if Musk vaults the company from its present value of $1.1 trillion to $8.5 trillion, a […]

Does The Democrats’ Chaos Strategy Work? Authored by Victor Davis Hanson via American Greatness, We can draw a few conclusions from an off-year election, when iconic races in blue states went, as expected, overwhelmingly Democratic. Nevertheless, there is only a year left before the midterms. So Republicans must react to even these paltry results. 1) Democrats’ chaotic nihilism still works. The chaos strategy causes so much […]

Ford Mulls Scrapping F-150 Lightning After Dismal Demand, Mounting Losses Ford is reportedly set to scrap the F-150 Lightning, once hailed by top executives as the company’s “modern Model T,” amid absolutely terrible demand. Production lines for the electric pickup remain paralyzed after an aluminum shortage halted operations last month. A new Wall Street Journal report indicates that the F-150 Lightning is on the chopping block […]

US Appeals Court Resurrects Trump’s Attempt To Dismiss NY Criminal Conviction Authored by Jack Phillips via The Epoch Times, A U.S. appeals court on Thursday revived President Donald Trump’s bid to dismiss his business records criminal conviction, ruling the president can move his case out of a New York state court. A panel on the U.S. Court of Appeals for the Second Circuit reversed an order from a lower court judge, saying […]

China Sees Massive Demand For USD Bond Issuance, Priced In Line With USTs For First Time As the ceasefire in the US-China trade war starts to fray at the edges (most notably in commodity export controls and tit-for-tat responses), it appears that China is having no issues whatsoever competing with the US for the world’s capital. China’s return to the dollar bond market generated enough demand to cover the deal almost 30 times […]

Pam Bondi Confirms Jack Smith ‘Seized’ Trump’s Phone In Witch Hunt Authored by Luis Cornelio via Headline USA, Attorney General Pam Bondi confirmed Tuesday that former Special Counsel Jack Smith seized President Donald Trump’s government-issued phone as part of his post-2020 election Arctic Frost investigation.  Trump’s personal phone records were also targeted, a move Bondi called “unprecedented.”  “We can […]

UBS Liquidates Funds, Faces $500 Million Exposure To First Brands Fracas Having already followed Deutsche Bank into the risk-transfer business, hedging its exposure to its own deals (UBS Group’s asset management unit is working on a new fund that will invest in significant risk transfers, which could include deals issued by itself), the big Swiss bank, The Financial Times reports that UBS has told clients that it will wind down an […]

Germany Submits To Islam: Christmas Market In Overath Cancelled Submitted by Thomas Kolbe In the German town of Overath (North Rhine-Westphalia), this year’s Christmas market has been cancelled. The cost of protecting visitors from potential terrorist attacks exceeds the organizer’s budget. The city refuses to cover the expenses. A capitulation to Islamism. It wasn’t long ago that Christmas markets were among the social […]

SEC Is Probing Egan-Jones Over Its Private Credit Rating Practices For once the SEC, perhaps having finally learned its lesson from the Global Financial Crisis, or simply because it read one too many critical pieces in the press in recent weeks, is not waiting until the credit bubble bursts to warn the raters not to engage in rating shopping.  Bloomberg, which was the first to highlight Egan-Jones’ role in rating thousands of […]

Stop Missing The Bigger Picture Re: Tariffs By Michael Every of Rabobank The US Supreme Court was skeptical about Trump’s use of the International Emergency Economic Powers Act in imposing reciprocal and fentanyl tariffs. Two ‘Trump’ judges argued the statute delegates Congress’ constitutional powers to “regulate commerce” to the president but may not cover a tariff as a tax power. That said, there are a panoply of […]

Trump’s Lilly And Novo Deal Slashes Monthly Weight-Loss Drug Costs By Up To 90% Eli Lilly & Co. and Novo Nordisk A/S struck a deal with the Trump administration to offer their blockbuster obesity drugs at lower prices in exchange for tariff relief and expanded Medicare access. The announcement was made in the Oval Office early this afternoon, where President Trump told reporters, “I call it the fat drug … we’re offering it at […]

David Sacks Responds To OpenAI: “There Will Be No Federal Bailout For AI… If One Fails, Others Will Take Its Place” Update: OpenAI’s tongue-in-cheek suggestion for a government backstop and/or bailout (eventually) was promptly smacked down when Trump’s AI advisor David Sacks – who is hardly a fan of Sam Altman – said that “there will be no federal bailout for AI. The U.S. has at least 5 major frontier model companies. If one […]

Were We Lied To About World War II? The clip that started it all…. For the people saying Darryl Cooper didn’t say “Churchill was the chief villain” in WW2 on Tucker Carlson’s podcast, watch this. If what he said isn’t morally and intellectually wrong, then you don’t have to lie for him. pic.twitter.com/5JgjWTZhhr — Samuel Sey (@SlowToWrite) September 4, 2024 For those who remember, the above remarks by historian […]

CBP Reports Historic Low In October Border Encounters Authored by Kimberley Hayek via The Epoch Times, U.S. Customs and Border Protection (CBP) has reported its lowest number of encounters with illegal immigrants on record for October, while achieving six months of zero releases under current enforcement policies. As the Trump administration’s border enforcement has resulted in historic lows in illegal immigrant encounters, […]

Chief Justice Roberts Urged To Probe Lower Court Judges’ Political Outbursts Via American Greatness, Senate Judiciary Committee Chairman Chuck Grassley (R-IA) and House Judiciary Chairman Jim Jordan (R-OH) have sent a letter to Chief Justice John Roberts, calling for investigation of partisan statements by activist judges. Dozens of lower court judges are accused of making anonymous statements to the New York Times for an […]

Nancy Pelosi Finally Retiring From Congress At 85 After days of speculation, former House Speaker and legendary insider trader Nancy Pelosi (D-CA) has formally announced that she out. In a Thursday morning video, Pelosi announced that she won’t seek reelection after completing her current term. “There has been no greater honor for me than to stand on the House floor and say, ‘I speak for the people of San Francisco.’ I […]

CarMax Shares Crater As Board Ousts CEO Amid Deepening Used-Car Market Cracks CarMax shares plunged in the early cash session after the struggling used-car retailer delivered weak preliminary third-quarter results that missed Wall Street expectations, and compounded the blow by announcing the abrupt termination of its chief executive officer. “We make car buying and selling simple, transparent, and personalized,” Chair of the Board […]

France’s Plans To Deploy Troops To Ukraine Risk Sparking A Major Crisis Authored by Andrew Korybko via Substack, Russia’s Foreign Intelligence Service (SVR) reported that France is plotting to deploy up to 2,000 soldiers, the core of which will be Latino assault troops from the Foreign Legion who are presently undergoing intensive training in Poland, to Central Ukraine in the near future. This follows Chief of Staff of the […]

Yields Plunge After Private Tracker Shows US Lost 9K Jobs In October, Driven By Government Collapse One month ago, when the market was freaking out by the lack of official government data (it has since realized again, that whether the government is open or closed, or what the jobs number is – certainly not until it is revised 3 or 4 times, does not matter), everyone scrambled to find private sources of economic data. That’s when the […]

“There’s A Plan”: Group Of Centrist Democrats Want Colleagues To End Shutdown A group of eight centrist Democrats who want to end the government shutdown – now the longest in US history – have been approaching their colleagues about a deal to reopen the federal government this week or next week, however progressives within the party are pushing back hard, according to The Hill, citing people familiar with the discussions. To […]