Video Game Market Tanks As Studio, Console Stocks Sink ; Can GTA VI Revive Industry? Video game stocks have been battered so far this year, with Electronic Arts the only major name in positive territory and even then only marginally higher. The Roundhill Video Games ETF is down about 14.8% YTD, highlighting industry-wide weakness as investors await a potential revival sparked by Take-Two’s release of Grand Theft Auto VI this […]

A Fed Rate-Hike Would Be A Serious Mistake Authored by Daniel Lacalle, The latest U.S. inflation report and jobs data do not justify another interest rate increase. Additionally, June data show that inflation is slowing down, especially in the core CPI measure that is most closely watched by monetary authorities, while ongoing tightening is stopping the labor market from reaching its full potential. Hiking rates while […]

The Great Six Month Financial Blindfold Submitted by QTR’s Fringe Finance As many including myself recently have noted, we are already living through an extraordinary age of financial grift, accounting games, promotional fraud, speculative mania and almost total contempt for basic investor skepticism. The SEC’s apparent response is to consider giving public companies less frequently required financial disclosure in the face of […]

Google’s Flagship Still Can’t Ship – So It Launched Token Austerity And A Hacking Model Only Governments Can Use Alphabet reports second-quarter earnings after today’s close – the first hyperscaler print since cheap Chinese tokens knocked the semiconductor index into a bear market. So naturally, Google chose the eve of that report to ship three new AI models, none of which is the one it promised. Getty Images The Tuesday launch […]

Abandoned Navy Base Costs Taxpayers $340,000 A Year For Internet Nobody Uses Authored by Matt White via TaskandPurpose.com, The mostly abandoned neighborhoods on Adak Island, Alaska, were once home to 5,000 Navy sailors and their families. But after 40 years as a supply depot, Naval Air Facility Adak closed in 1997, leaving scores of homes and buildings behind. Today, a small community of government workers and Alaska Native […]

Can SpaceX Fire On All Cylinders? Authored by Michael Lebowitz via RealInvestmentAdvice.com, SpaceX’s June IPO raised $75 billion, resulting in an initial valuation of $1.77 trillion, making it the largest IPO in history. SpaceX, encompassing its launch business, Starlink, and the recently merged xAI, peaked at a $2.5 trillion market cap in its first week of trading, briefly tying it with Amazon as the fifth-largest publicly […]

Top Israeli Minister: ‘Best For Us’ If US Fights Iran While Israel Sits Out New Round of War As four more American families grieve the deaths of soldiers killed in the war on Iran, one of the top-ranking ministers in Israel’s cabinet told an Israeli audience that having America do all the fighting and dying is “the best for us.” Israel had intensely lobbied President Trump to launch a joint war on Iran on Feb 22, and traded blows […]

ADNOC Approves $6.2 Billion Gas Project In Abu Dhabi Authored by Tsvetana Paraskova via OilPrice.com, Abu Dhabi’s national oil company ADNOC just announced a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap project in Abu Dhabi as part of its strategy to grow its global gas portfolio. ADNOC will develop the project alongside its international partners – France’s TotalEnergies, Italy’s Eni, and […]

Socialist Mamdani Concedes NYC Can’t Arrest Netanyahu, Breaking Another Campaign Promise With New York City rents at record highs, bus fares still in place, and the rise of the far left spooking taxpayers and businesses, Mayor Zohran Mamdani appears increasingly focused on playing world policeman instead of properly addressing the city’s affordability crisis. On Tuesday night, the socialist mayor was forced to concede that he cannot […]

Fifth Circuit To Rehear Drug Trafficker’s Second Amendment Challenge Authored by Matthew Vadum via The Epoch Times, A federal appeals court voted to rehear a constitutional challenge to a federal law that prevents felons from possessing guns, weeks after Supreme Court Justice Clarence Thomas said he hoped a lower court would consider the law’s constitutionality. Supreme Court Associate Justice Clarence Thomas poses for an official […]

Oil Soars To Six-Week Highs Amid Trump Threats, US Production Dip, & ‘Tank Bottoms’ At Cushing Oil prices extended their rise this morning to six week highs as fighting between the US and Iran continued around the Persian Gulf (11th straight night of attacks) and threats of a blockade in the Red Sea added to growing uncertainty about the flow of energy from the region. Secretary of State Marco Rubio said on Wednesday that U.S. […]

The Money Printers Fueling Socialism’s Rise Authored by David Stockman via the Brownstone Institute, Here’s a graph the Keynesians, statists, and Wall Street gamblers – yes, we repeat ourselves – would prefer not to explain. At the same time, it also explains why socialism at this late date in history – and after all its abysmal failures the world over – is having some kind of dubious second coming in America. During the last […]

UBS Warns Trump’s 100% Generic Drug Tariff Puts Indian Pharma “On Notice”; Goldman Flags Reshoring Winners President Trump will impose a 100% tariff on imported generic drugs starting in August 2028, rising to 200% a year later, unless manufacturers shift production to the US. “This is done in order to RESHORE Generic Pharmaceutical Production into America, with a penalty to those Companies that decide not to build Plant and […]

Trump Vows US Will Destroy A Bridge Or Power Plant For Each Iranian Attack On Shipping Update(0940ET): More telegraphing of intent from President Trump in the below Truth Social Post… he said the US military will “bomb and destroy” one bridge or power plant – including in Tehran – each time the Iranian military shoots at a ship in the Strait of Hormuz. This comes a day after he unveiled the US military plans to conduct a large […]

Today: Congress Votes To Integrate US Military Tech & Supply Chains With Israel The House of Representatives will vote today on final passage of the $1.15 trillion National Defense Authorization Act for Fiscal Year 2027 (H.R. 8800) – and with it, Section 219, the United States-Israel Defense Technology Cooperation Initiative, a provision directing the Pentagon to expand and accelerate the integration of US and Israeli military […]

Chilling New Clues Challenge Suicide Claim In Los Alamos Lab Worker’s Death Authored by Steve Watson via Modernity News, Fresh evidence recovered from the remote New Mexico forest where Los Alamos National Laboratory administrative assistant Melissa Casias was found has blown major holes in the suicide narrative. An independent team hired by her own family discovered bones, torn and bloody clothing, orange peels, strands of what […]

OpenAI Admits Model Escaped Containment And Hacked Hugging Face To Cheat On A Test Authored by Felix Ng via CoinTelegraph.com, OpenAI disclosed Tuesday that a combination of its AI models, including GPT-5.6 Sol and a more capable unreleased model, escaped its testing environment and hacked AI startup Hugging Face last week to cheat on a test meant to measure their capabilities. In a blog post, OpenAI said the evaluation was […]

Futures Slide Ahead Of Google Earnings As Brent Surges Above $95 US futures are lower following a chipmaker-powered jump in Tuesday’s session, with Nasdaq 100 futures falling by 0.8%, which appears to be more of a retracement to yesterday’s strength than a move tied to oil or de-risking into today’s Tech earnings. Alphabet earnings are coming after the close. As of 7:00am ET, S&P futures are down 0.3% and Nasdaq futures […]

Shipping Firms Offering Sailors Massive Bonuses To Risk Crossing Hormuz Via The Cradle International shipping firms are offering crews large bonuses to transit the Strait of Hormuz despite the risks involved, Bloomberg reported Monday. Sinokor Group, the world’s largest owner of supertankers, offered its crews six months of extra salary to make a return voyage collecting oil from Saudi Arabia or Iraq and unloading it in the Gulf […]

Trump Greenlights Saudi Nuclear Deal, Uranium Enrichment In The Kingdom Possible President Trump has formally approved a landmark 30-year civil nuclear cooperation agreement with Saudi Arabia that could be worth tens of billions of dollars and put American companies at the center of the kingdom’s nuclear buildout, according to the Wall Street Journal. The accord is expected to be signed Wednesday by US Energy Secretary Chris […]

BritCard Is Dead: Burnham Kills Starmer’s £1.8 Billion Digital ID To Pay For An Energy Tax Cut Ten months ago Keir Starmer warned that anyone without a government digital ID “will not be able to work in the United Kingdom.” On Tuesday – day two of the Burnham premiership – the scheme was formally killed off. It wasn’t the nearly 2.9 million people who signed the petition. It wasn’t the civil liberties groups who dragged it through […]

German Motorists Flood Czech Border As Fuel-Price-Cap Ends Via Remix News, German motorists formed kilometer-long lines at Czech gas stations on Sunday as they rushed to take advantage of lower prices before the government’s fuel cap expired. Stations near the German border were overwhelmed by drivers seeking cheaper gasoline and diesel, with footage showing long queues at some locations. According to Echo24, fuel in the Czech […]

Drone War Enters Terrifying New Phase As Russia Deploys 300-MPH Jet-Powered Shahed Dramatic footage posted on X shows what appears to be a Russian Geran-4 jet-powered, one-way attack drone striking a passenger train in Ukraine. If authenticated, the footage shows just how rapidly drone warfare is evolving beyond conventional two-stroke power plants toward miniature turbojets that sharply increase speed, compress warning and […]

Poland’s Planned Megaport Is Part Of Its Regional Power Play Authored by Andrew Korybko, Poland will become indispensable to Czechia, Slovakia, Austria, and Hungary’s global trade upon the completion of this project, thus securing their place within its “sphere of influence” and reducing the likelihood that German-backed Ukraine “poaches” them as part of their rivalry for regional leadership. “Notes From Poland” […]

India Summons Russian Envoy, Furious At Mass Casualty Tanker Strike In Black Sea Tit-for-tat attacks on shipping between Ukraine and Russia have ratcheted of late in the Black Sea. At least half a dozen commercial vessels have been attacked in these waters over the past two weeks alone. The situation is almost becoming akin to a Hormuz crisis in its own right, as oil transit slows. Tragically, there’s a mounting death toll among […]