Walmart Tumbles On Disappointing Guidance, Warns Low-Income Consumers Drowning Extending concerns about US consumer weakness – now that the bumper OBBBA tax refund period is over – after yesterday’s earnings by Home Depot and Target, this morning Walmart reported Q1 earnings (the last big company to report, rounding out earnings season) and warned that fuel costs are squeezing the company’s bottom line and could lead to higher […]

FBI Charges Assistant US Attorney For Stealing Smith Report Docs In Trump ‘Witch Hunt’ Case Authored by Jonathan Turley, Former Justice Department prosecutor Carmen Mercedes Lineberger has been indicted for allegedly removing confidential Justice Department material and then concealing her efforts. Lineberger is accused of secretly transferring Jack Smith’s final report and hiding the material under files labeled “chocolate […]

Renter Nation Returns? Multi-Family Unit Starts & Permits Soar In April On the back of a small uptick in homebuilder confidence (though still languishing)… …Building Permits jumped notably (+5.8% MoM vs +2.5% exp) in preliminary April data (while Housing Starts dipped 2.8% MoM, though less than the 5.2% MoM decline expected)… The pace of starts and permits on a SAAR basis has remained flat for four years… […]

Foreign Treasury Selling Is Getting Serious Submitted by QTR’s Fringe Finance We already knew that the bond market was starting to call bullshit on America’s fiscal and monetary policy. Now we know that foreign governments are dumping U.S. Treasuries, and China is leading the way…even while President Trump pals around with President Xi Jinping. According to CNBC, foreign holdings of U.S. government debt fell sharply in […]

Jobless Claims Refuse To Show Any Signs Of AI Jobpocalypse The number of Americans filing for unemployment benefits for the first time fell to 209k last week (below expectations), continuing to show absolutely on signs of any labor market stress… Source: Bloomberg That is basically unchanged since 2021. Continuing jobless claims ticked up modestly but remains below 1.8 million Americans (just off two year lows)… Source: […]

Ayatollah Orders Highly-Enriched Uranium To Remain In Iran, Stymying Trump’s Basis For Deal The illusion of a grand diplomatic breakthrough in the Middle East is once again colliding with reality. The White House has been busy trying to paint a picture of a total capitulation by Tehran, which hasn’t been demonstrated given its consistent position defying Washington’s demands on the nuclear issue. According to two senior Iranian […]

Watch: Vance Urges UK Patriots To Defend Their Culture Against Starmer Mass Migration Betrayal Authored by Steve Watson via Modernity.news, US Vice President JD Vance has sent a direct message of support to Britons standing up for their culture, telling attendees of the Unite the Kingdom rally to push forward despite Keir Starmer’s attempts to silence opposition to mass migration. The rally, held this past weekend in London […]

Quantum Stocks Erupt As U.S. Gov’t Awards $2 Billion, Takes Equity Stakes IBM and small-cap quantum names, including IonQ, D-Wave Quantum, Rigetti Computing, Infleqtion, and other peers, are surging in New York premarket trading after a Wall Street Journal report said the Trump administration is preparing to award $2 billion in CHIPS Act grants to nine quantum-computing companies. IBM is set to receive half of the $2 billion […]

Futures Slump, Ignoring Korean Euphoria, After Iran Rejects Trump Enriched Uranium Demands A steady rebound in US equities driven by peak insanity in Korea (where the two chip stocks that account for most of the market surged and sent the Kospi soaring more than 8% overnight) faded after a report that Iran’s Supreme Leader issued a directive that the country’s near-weapons-grade uranium must remain in the country, rejecting […]

Kremlin Blasts ‘Borderline Crazy’ Threat From Baltic NATO State Russia has express outrage and condemnation of what it has on Wednesday denounced as a “borderline crazy threat” from NATO member Lithuania. Lithuanian Foreign Minister Kestutis Budrys in an interview this week with Neue Zurcher Zeitung provocatively stated that NATO is capable of destroying all Russian bases located in Kaliningrad if necessary. via MSC “We have to […]

KOSPI, Samsung Soar After 11th-Hour Union Deal Averts Chip Strike; Workers Eye $340k Bonuses South Korea’s benchmark KOSPI jumped overnight after Samsung Electronics reached a tentative wage-and-bonus agreement with its main labor union, neutralizing the immediate risk of a paralyzing strike at the world’s largest memory-chip producer. The wage-and-bonus deal removes a major supply-chain threat in an already tight memory market, […]

Residents Of UK Town Forced To Form ‘Vigilante’ Security Team To Protect Women And Kids From Migrants Authored by Steve Watson via modernity.news, Residents of a quiet East Sussex town have been left with no choice but to patrol their own streets after the leftist Labour government dumped hundreds of unvetted male migrants into a former army camp on their doorstep. Crowborough, a small community of around 20,000 people, is now […]

SpaceX Files For Nasdaq IPO Under Symbol SPCX Update (1650ET): As expected, SpaceX filed its S1. The stock is expected to list on Nasdaq and Nasdaq Texas under the ticker “SPCX.” No specific share count, price range, or total offering size is finalized yet (placeholders are used). But, with expectations of a $1.5 trillion market cap, that means SPCX will trade at a 77x LTM Revenue multiple! Mission and Overview SpaceX’s […]

The Growing Burden Of Old-Age Dependency Many countries around the world are facing a rapidly rising old-age dependency ratio, according to projections published in the UN’s World Population Prospects 2024. As Statista’s Anna Fleck details below, this indicator measures the number of people aged 65 and older relative to the working-age population (between 15 and 64 years old). South Korea is expected to experience a […]

Tense Trump-Netanyahu Call As US Presses Iran To ‘Sign The Document’ – But Israel Wants Military Greenlight Summary Axios: “Trump continues to say he thinks a deal can be reached, but that he’s ready to resume the war if it isn’t.” US Marines board Iranian-flagged tanker in the Gulf of Oman, as it was accused of attempting to violate the US naval blockade. Iran’s parliament speaker and chief negotiator Mohammad Bagher […]

Dubai’s Shipping Hub Status Under Pressure As Some Industry Veterans Eye Greece Via Middle East Eye Some shipping industry workers based in Dubai are looking to relocate from the UAE as a result of the US-Israeli war on Iran, one ship-owner and two industry sources familiar with the matter told Middle East Eye. Western expats working in the maritime industry are eyeing the Greek capital, Athens , and Cyprus as potential […]

UK Leads European Nations In Hiring Over-50s Over the past two decades, ageing populations, rising retirement ages and higher education levels have contributed to rising employment rates among workers aged 55 and over across OECD countries. Yet many workplaces are still designed around shorter careers, leading many people to leave work earlier than they need or want to. This deepens the demographic pressures facing ageing […]

UK Police Log One-Year-Old Baby As Crime Suspect; Hundreds Of Kids Flagged For Offences Authored by Steve Watson via modernity.news, A one-year-old baby girl has been officially recorded as a crime suspect by Kent Police after allegedly causing a minor injury to another toddler. This is part of a shocking tally where 683 children under 10 were reported for offences over three years. This isn’t some isolated bureaucratic error. […]

Where Inflation Is Highest In Europe In 2026 Inflation has eased from its recent peaks, but price growth remains stubbornly high across much of Europe. This graphic, via Visual Capitalist’s Gabriel Cohen, ranks 36 European countries by annual inflation rate, using the latest available 2026 data from Eurostat and the UK Parliament. Annual inflation measures how much consumer prices have risen over the previous 12 months, such […]

Norway Wants To Lead A “Viking Bloc” For Containing Russia In Northern Europe Authored by Andrew Korybko, It can simultaneously threaten Russia along the increasingly interconnected Arctic and Baltic fronts. Russian Ambassador to Norway Nikolai Korchunov gave a brief interview to TASS about bilateral relations. He warned that Norway is integrating new NATO members Sweden and Finland into the bloc’s regional plans. More […]

The Pentagon’s Next Critical Minerals Source Is Already In Its Own Warehouses Authored by Matt Bedingfield via RealClearDefenseolitics, Last week, U.S. Navy destroyers began escorting commercial ships through the Strait of Hormuz under Project Freedom, the most aggressive American action in the strait since Iran shut it down in March. The naval blockade of Iranian ports is now in its fifth week. U.S. warships are running […]

BBC Report Portrays Islamic Child Slavery In Afghanistan As Necessary Anti-immigration movements in the US and Europe have been saying it for years:  The Islamic world is barbaric and backwards, built on archaic ideas that are completely antithetical to western values.  Yet, progressive governments and their media allies continue in their attempts to portray these cultures as “the same”, or, as sympathetic.  The historical […]

Washington State Under Federal Investigation For Housing Men In Women’s Prisons Authored by Jill McLaughlin via The Epoch Times (emphasis ours), The U.S. Department of Justice (DOJ) announced May 19 that its agents have launched an investigation into Washington State’s practice of housing male inmates in women’s prisons. Washington Gov. Bob Ferguson speaks during a news conference outside the Northwest ICE Processing Center in […]

1 In 5 Jobs Faces High Risk Of AI Automation As concerns about AI-driven job losses grow, new research sheds light on how artificial intelligence could impact the U.S. labor market in the short term. According to an OpenAI framework analyzing how AI affects different occupations, published last April, nearly half of all jobs (46 percent) are expected to see little immediate change, while around 24 percent are likely to be […]

Could Deep Blue California Elect A Republican Governor? Authored by Brad Jones via The Epoch Times, As tensions mount in the high stakes race for California governor, early results show Republicans have returned more than 905,000 ballots ahead of the June 2 primary election—a massive surge compared with the last governor’s race during the 2022 midterms. Ballots from Republicans made up 37 percent of the early ballot […]