Lucid Crashes On Report It’s Weighing A Take-Private Or Bankruptcy Shares of struggling EV maker Lucid plunged as much as 49% after auto-industry news website Electric-Vehicles.com reported that the company is working with restructuring adviser AlixPartners to evaluate strategic options, including a potential take-private transaction or a Chapter 11 bankruptcy filing. Lucid (LCID) considering going private or chapter 11, according […]

Whose-muz? By Michael Every of Rabobank Whose-muz? Oil leaped 9%, the largest move since 2020. Today, it’s up another 2.5% to $85 at time of writing. It’s a good job we also have the Cleveland Fed’s trimmed-mean inflation measure out as well, right? Obviously, oil was driven by developments in Hormuz – or rather Whose-muz? There, besides reimposing the naval blockade of Iran, President Trump stated those using the waterway […]

China’s Helium Export Ban Raises New Risks For Global Supply Chains Authored by Michael Zhuang via The Epoch Times, China has imposed a temporary ban on helium exports, adding fresh uncertainty to global supplies of a gas essential to semiconductor manufacturing, aerospace, medical equipment, and other high-tech industries. The first pilot helium production facility in Europe, located in Saint-Parize-le-Châtel, France, on Sept. […]

Just 27.6% Of Stocks Outperform The Market While 60% Destroy Shareholder Wealth, New Study Finds From 1926 through 2025, just 27.6% of stocks beat the broader market. Nearly 60% actually destroyed shareholder wealth, and the median stock delivered a lifetime return of -6.9%. Yet despite those sobering odds, U.S. stocks collectively created roughly $91 trillion in wealth over the last century, with just 46 companies responsible for […]

AI Companies Absorbing Office Space At Record Pace: Report Authored by Rob Sabo via The Epoch Times, Artificial intelligence (AI) firms are absorbing office space in primary markets such as San Francisco and New York City at a record pace, and the sector’s voracious demand for office space to build out development teams and products has begun spilling into a select subset of submarkets as well. National AI office demand was up […]

KeyBanc Downgrades Apple On New Growth Slowdown Fears Apple shares fell 1% in premarket trading after KeyBanc Capital Markets downgraded the iPhone maker to “Underweight” from “Sector Weight” and set a 12-month price target of $250. This implies roughly a 21% decline from Monday’s close, putting the stock in bear-market territory. The downgrade by KeyBanc analysts Brandon Nispel and John Vinh is based on a widening disconnect […]

These Are The Riskiest States To Quit Your Job In A new study from Affordable Contractors Insurance examined labor market conditions across all 50 states to identify where workers face the greatest challenges replacing a job after voluntarily leaving one. Researchers evaluated unemployment rates, hiring activity, competition for available positions, household income, and local living costs to create an overall risk ranking. […]

Graham’s Final Mission? Trump Backs Hard-Hitting Russia Sanctions Package Apparently the late Senator Lindsey Graham’s hawkish neocon legacy will continue to reverberate from beyond the grave. The 71-year old lawmaker died Saturday night “from a brief and sudden illness” – immediately after returning from Ukraine where he had toured drone and weapons factories. President Trump is expected to support the passage of a new […]

Trump Backs Off 20% Fee Plan For Hormuz, Asserts ‘FULL Blockade’ Only On Iranian Ports Update(12:00ET): It’s the return of another TACO Tuesday as President Trump in a lengthy Truth Social missive appears to have reversed his plan to collect a 20% of cargo fee for international vessels wishing to transit the Strait of Hormuz. “Oil is flowing like never before,” he began (except it’s not…), before writing, “Based on highly […]

Trump’s Election Integrity Efforts Meet Resistance In Courts Authored by Stacy Robinson via The Epoch Times, President Donald Trump’s efforts to overhaul U.S. voting systems have been stymied by court orders finding that his tactics were legally flawed. People vote in the mayoral election in Washington on June 16, 2026.Madalina Kilroy/The Epoch Times During his second term, Trump issued two executive orders on election integrity. […]

Here Is What America’s Largest Banks Reported In Their Q2 Earnings Reports In terms of perceived report quality relative to positioning, the ranking appears to be Goldman Sachs first, followed by Bank of America (pending guidance), then Wells Fargo, and finally JPMorgan. The broader theme across the group was fairly consistent: NII was generally underwhelming, fee income was strong as expected, capital markets results were very […]

Big Blew It! IBM Crashes Most Since ’60s Amid CapEx Woes; Goldman Warns Over ‘Software Bear Case’ Summary: Wall Street Desks Stunned  IBM Shares Crash Most On Record, Exceeding Dot Com & 1987 Crashes  CEO Arvind Krishna Blamed Preliminary 2Q Results on “Shifting” Customer CapEx Spending IBM’s surprise second-quarter warning blindsided traders Tuesday morning, raising new concerns that enterprise technology budgets are […]

Watch: Smug NYT Podcaster Visibly Annoyed When Mick Jagger Defends Elon Musk Authored by Steve Watson via Modernity News, Mick Jagger just delivered a masterclass in cutting through media spin, leaving a leftist New York Times podcaster visibly rattled as he clarified that his “mad mogul” lyric about Elon Musk was actually a compliment. The Rolling Stones legend refused to play along with the expected narrative during the […]

Warsh Tells Congress Fed Has “No Tolerance For Elevated Inflation”: Watch His Testimony Live Fed Chair Warsh (voter) will deliver his first semi-annual testimony as Fed Chair to the House. Warsh’ text was e released at 08:30EDT (link here) and he is scheduled to begin his testimony at 10:00EDT. In his prepared remarks, Warsh said policymakers at the central bank have no tolerance for high inflation, reiterating a vow to tame […]

Warren Buffett Cuts Gates Foundation From Annual Stock Giving As Epstein Scandal Shadows Over Bill Gates Warren Buffett excluded the Gates Foundation from his annual charitable stock gifts for the first time in two decades, as scrutiny over Bill Gates’ connections with convicted sex offender Jeffrey Epstein continues to cast a dark shadow over Gates and the foundation. CNBC reports that the 95-year-old chairman will donate 9 […]

Rate-Hike Odds Slump As US Consumer Prices Plunge Most Since COVID In June With oil prices having tumbled (before this latest resurgence) but semiconductor prices soaring still, expectations were for a small 0.1% MoM decline in CPI but in fact it printed dramatically cooler, dropping 0.4% MoM – the biggest monthly decline since COVID (April 2020), dragging the YoY CPI change down to +3.5% YoY… Source: Bloomberg Both Goods and […]

Futures Mixed Ahead Of CPI And Warsh Testimony, As IBM Sinks, Bank Earnings Fizzle US stocks are struggling for direction as traders waited to buy the dip on a busy day that kicked off with Wall Street earnings whichwith JPM, BofA, Goldman, Citi and Wells all reporting. Kevin Warsh’s testimony before Congress and CPI data are due later. As of 8:00am ET, S&P 500 futures fell 0.2% with Nasdaq 100 contracts up 0.6%, set for a […]

Spotting Market Bubbles: Why History Says It’s Nearly Impossible Authored by Lance Roberts via RealInvestmentAdvice.com, If you knew you were standing inside a stock market bubble, you wouldn’t be standing in it for long. You’d sell. So would I, and so would everyone reading this. And if spotting market bubbles was something everyone could do in real time, the bubble couldn’t form in the first place. That paradox is why […]

The UK Government Lobbied For Putting Migrants And Trans People On Banknotes Authored by Steve Watson via Modernity News, The UK’s own Cabinet Office pushed hard to overhaul banknotes by elevating LGBT+ and ethnic minority figures, claiming historic greats like Winston Churchill gave an “incomplete picture” of British identity. This push came just before the Bank of England decided to ditch those same towering historical figures […]

JPMorgan Drops Despite Highest Quarterly Profit In HIstory, As Traders Focus On Negatives Q2 earnings season is officially off. Moments ago, JPMorgan became the first mega bank to report Q2 earnings (technically Wells beat it by a few second but nobody really cares about that particular bank), firing the starting pistol on the second quarter earnings season. The Q2 results were solid (Net Interest Income and FICC miss but more […]

Ericsson Tumbles On Margin Headwinds Sparked By Memory Chip Inflation Ericsson shares in Stockholm plunged the most in 18 months after the Swedish telecom equipment giant warned that soaring component costs will pressure margins in its core networks business this quarter. The stock fell as much as 10% in Stockholm after outgoing CEO Börje Ekholm warned about higher input costs, partly driven by AI-fueled demand for memory chips. […]

Megacities Are Booming The number of people living in megacities has been growing significantly for decades, rising from 2.5 percent in 1950 to 16.4 percent of city dwellers in 2020. As Statista’s Katharina Buchholz reports, according to UN projections, this figure will continue to rise slightly before stabilizing at around the current level by 2050. At the same time, living in smaller cities is becoming less widespread. The […]

The Digital Euro: Control & The End Of Financial Privacy Authored by Daniel Lacalle, European Union lawmakers in Strasbourg have now agreed on their position regarding the digital euro, approving it in a vote on the 8th of July 2026. With this position, the European Parliament can start talks with national governments on the details of the design and functioning of the digital euro.  The ECB argues that the digital euro is […]

Trump Formally Notifies Congress Of Iran War Resumption – Third Consecutive Night Of Strikes Ensue Summary Trump formally notifies Congress US has resumed war with Iran. Trump warns will hit Iran ‘hard’ tonight or tomorrow; Pentagon confirms 3rd night of strikes has begun. Reports of Houthi missiles launched on Saudi Arabia: oil extends gains near month-highs. Trump says US blockade of Iran ports ‘reinstated’: states that US to […]

These Are The Cities Where Burglaries Spike In The Summer For years, homeowners have been told that summer is prime time for burglaries as families leave for vacations and homes sit empty. But a new analysis of FBI crime data suggests that advice only tells part of the story, according to Moneygeek. After examining burglary reports from 74 of the nation’s largest cities between 2022 and 2024, researchers found that while burglary […]