How Hakeem Jeffries Is In Big Trouble Politically After The Primaries Tuesday night in New York City was no routine Democratic primary. Instead, it turned into a referendum on the Democratic Party itself, and the party lost. Three socialist-backed candidates, backed by New York City Mayor Zohran Mamdani, won their races. The Democratic establishment got slaughtered, and the man left holding the wreckage is House Minority Leader […]

OpenAI Plans Delaying IPO Until 2027, Blames SpaceX One month ago, during the height of the tokenmaxxing craze – when companies were spending ridiculous amounts of money, in many cases without knowing they were even doing so, just to test out the latest agentic craze – first OpenAI and then Anthropic rushed to announce they will follow in the footsteps of the SpaceX IPO, and were planning (or rather hoping) to go public in the next […]

Qualcomm To Design China-Specific Data Center Chip In Compliance With US Export Curbs Qualcomm unveiled its data center chip lineup on Wednesday, becoming the latest chipmaker to enter the AI processor race in an attempt to challenge market leader Nvidia. CEO Cristiano Amon told Nikkei Asia the company is eyeing the China market for its data center products, including designing chips specifically for Chinese customers that are in […]

Adani Targets 10 GW Nuclear Power Capacity In India By 2035 By Tsvetana Paraskova of OilPrice.com Adani Group, the conglomerate of Indian billionaire Gautam Adani, could become India’s biggest private nuclear power capacity developer within a decade, targeting 10 gigawatts (GW) by 2035, as India opened its civil nuclear power sector to private investment.  “Our entry into nuclear energy through Adani Atomic Energy is another […]

Federal Judge Blocks Trump Admin’s Mail-In Voting Restrictions, National Voter Database For Midterms A federal judge in Boston has blocked key parts of President Donald Trump’s March executive order that sought to impose new limits on mail-in voting and create a nationwide list of eligible voters using federal citizenship data. The ruling, issued June 25 by Obama-appointed U.S. District Judge Indira Talwani, prevents the […]

Hegseth Hails First Test Of America’s ‘Golden Dome’ Missile Defense Shield Authored by Tom Ozimek via The Epoch Times, The Pentagon has carried out the first milestone test of the Golden Dome for America missile defense program, and Secretary of War Pete Hegseth announced on June 23 that an autonomous targeting system and directed-energy technology successfully intercepted a series of simulated incoming threats. Declaring the […]

Mayor Blames “Slavery” As Chicago Wrestles With Deadly Crime Spree The city of Chicago, long run by Democrats, has an infamous black crime problem.  Over the course of Father’s Day weekend around 47 people were shot and 8 people killed, with a 105% increase in violent crime compared to 2025.  On “Juneteenth”, a drive-by mass shooting in Princeton Park injured at least 12–14 people with over 100 shell casings recovered.  The […]

Generational Crisis! Nearly A Third Of US Adults Under 35 Are Still Living With Their Parents Authored by Michael Snyder via The Economic Collapse blog, Americans that are over the age of 55 control approximately 73 percent of all wealth in the United States. Americans that are age 55 or younger control just 27 percent of all wealth in the United States. Never before in history has there been a generational divide of this […]

Cargo Vessel Comes Under Apparent Iranian Attack Near Oman, Crude Jumps, After IRGC Warned It Controls Hormuz Strait Summary: Iran tightens control over Hormuz: The IRGC says ships must obtain authorization to transit the strait or face enforcement action. Shipping disruptions emerge after increased flows: A tanker near Oman was reportedly attacked, and several vessels turned back after Iranian warnings, sending oil prices […]

“Unlike Anything I’ve Seen In 40 Years”: Explosion In Data-Centers And Memory Costs Fueling Third Inflation Wave We’re finally starting to see hints of relief when it comes to inflation. Prices at the pump are starting to come down, monthly core CPI momentum has slowed, used cars were down around 2% YoY, and food inflation is starting to moderate. On the other hand, there’s America’s massive explosion in artificial-intelligence […]

Venezuelan Quake Disaster: 45,000 People Reported Missing On Independent Monitoring Platform Summary 45,000 Reported Missing On Independent Monitoring Platform US Phase One Of Humanitarian Response Begins Buildings collapsed in several districts of Caracas Venezuela declared a state of emergency after the earthquakes  Secretary of State Marco Rubio Deploys First Responders  Trump Says “U.S.A. stands ready, willing, and able […]

How Wall Street Launders Dogsh*t Into Retirement Funds Submitted by QTR’s Fringe Finance One of the more embarrassing habits of modern finance is its insistence on pretending the stock market has some integrity left. Capital, we used to think, flowed to the most productive businesses. Prices reflected fundamentals. Risk was priced. The market, in the long run, separated signal from noise and rewarded cash generation over fantasy. […]

China’s YMTC Global NAND Market Share Surges To 13%, Now Tied With Sandisk Yangtze Memory Technologies Corporation (YMTC), China’s largest maker of NAND flash memory which is breathing down Sandisk’s neck in global sales, and which is widely expected to IPO soon after China’s DDR giant CXMT goes public in the coming weeks, has increased its global NAND flash memory market share from 8% in the same period in 2025 to 13%, Kuai […]

Apple, Microsoft Tumble On Abrupt Price Hikes Amid Chip-Crunch Contagion; Wall Street Responds Summary: Memory Chip Crunch Crisis May Unleash Flood Of Consumer Device Companies Hiking Prices  Microsoft Hikes Prices on Xbox  Apple Hikes Prices on Macs and iPads Wall Street Responds To Apple Hikes  Apple shares were down 5.5% in late-afternoon trading, on track for their largest intraday decline in 15 months, as the stock […]

Top JPMorgan DEI Executive Identified And Fired In NYC Trash Can Viral Video Authored by Jonathan Turley via jonathanturley.org, The viral video of a woman stealing a trash can and dumping its contents after the Knicks’ victory has led to her termination. Angie Baez, 40, was the “Executive Director of Community and Industry Engagement for Card and Connected Commerce” for JPMorgan Chase. She was shown in a video dumping trash on […]

Trump Cuts Off NATO’s Mark Rutte In Oval Office After Sitting Out Iran War As expected, President Trump took the opportunity to chastise NATO for its lack of participation in the Iran war while hosting the alliance’s Secretary General Mark Rutte at the White House. “We didn’t need help on this at all. We demolished them in literally the first week,” Trump said of Iran before reporters, while seated across from Rutte. That’s when […]

US Sees Record Q1 2026 Energy Storage Installations By Brian Martucci of UtilityDive The United States added 3.3 GW/8.4 GWh of energy storage in the first quarter of 2026, according to the latest figures from Wood Mackenzie and the American Clean Power Association. All three segments — utility-scale, residential and commercial/community/industrial — notched records for the seasonally slow first quarter. The London-based […]

Xbox Hits Gamers With Price-Hike As Major Retailer Warns Console Shortage Looms Ahead Of GTA VI Launch Two reports hit on Thursday that could upset gamers ahead of the release of Grand Theft Auto VI.  First, a major retailer warned that console shortages could emerge as demand for PlayStation 5 and Xbox Series X/S hardware collides with a memory chip shortage. Then The Verge reported that Xbox consoles are set for another price […]

Average 7Y Auction Stops On The Screws As Foreign Demand Slides After a solid 2Y auction and a subpar 5Y auction earlier this week, moments ago we got the week’s final Treasury issuance when the US auctioned off $44BN in 7Y paper in a perfectly average sale. Starting at the top, the bond priced at a high yield  of 4.260%, down modestly from 4.290% last month and in the middle of a range established in late-2023 after which the 7Y […]

Obama-Appointed Federal Judge Blocks Trump’s EO Requiring Proof Of Citizenship To Vote Via American Greatness, A federal judge on Wednesday permanently blocked key portions of President Donald Trump’s executive order overhauling federal election procedures, ruling that the president exceeded his constitutional authority by attempting to impose new voting requirements without congressional approval. U.S. District Judge Denise […]

A River In Egypt By Molly Schwartz, cross-asset strategist at Rabobank A river in Egypt Scott Bessent took to CNBC’s Squawk Box yesterday to opine on the situation with Iran. Bessent echoed Trump’s comments that any released Iranian assets are to remain under US Treasury oversight and are restricted to use for food and medicine. However, money is fungible, and any released cash that is used to help civilians may mean more cash […]

French Navy Boards 5th Russian ‘Shadow Fleet’ Vessel Off Europe Since September French President Emmanuel Macron has announced yet another highly provocative naval seizure of a Russian so-called shadow fleet vessel.  “On Tuesday, the French navy boarded the oil tanker Deliver as it was passing off the coast of Sicily in breach of maritime law,” Macron wrote in a post on X, revealing the prior interdiction that took place earlier […]

Trump Singles Out Exxon, Chevron, Shell, And BP Over High Gas Prices By Irina Slav for OilPrice.com President Donald Trump has listed Exxon, Chevron, Shell, and BP as being among companies responsible for excessively high fuel prices, following the announcement of a federal government probe into price-gouging earlier in the week. “Oil prices have come down so much and we are not seeing anything at the pump by comparison the […]

Supreme Court Allows Trump Admin To Remove Deportation Protections For Syrians & Haitians Authored by Sam Dorman via The Epoch Times, The Supreme Court has allowed the Department of Homeland Security’s (DHS’s) attempt to remove deportation protections for nationals of Haiti and Syria. In a 6–3 decision on June 25, a majority of the court said federal law barred judicial review of non-constitutional arguments against […]

75% Of US GDP Growth In The First Quarter Was Due To AI On the surface, today’s final revision (aka 3rd estimate) of the US Q1 GDP print was unremarkable: Real GDP grew 2.1% annualized in the first quarter, a reversal of last month’s downward revision of 1.6%, but back to where the original print was when it was reported in April, when the BEA reported 2.0% growth.  The print reflected a downward revision to imports, which are a […]