‘Alligator Alcatraz’ Can Continue Operating, Appeals Court Says Authored by Troy Myers via The Epoch Times, A federal appeals court on Tuesday pulled a judge’s previous order to dismantle the high-profile detention center in the Florida Everglades for illegal immigrants, known as “Alligator Alcatraz.” In a 2–1 ruling, the U.S. Court of Appeals for the 11th Circuit sided with the Trump administration’s argument that […]

Tesla Earnings Preview: “Braced For A Miss” Tesla reports after the US market close on Wednesday and according to the UBS trading desk, there has been very little discussion around TSLA lately, with the stock drifting 14% lower for most of the year until last week, when it squeezed higher to trade just below $390.  The company has been the laggard among mega-cap peers despite still-lofty expectations. Consensus points to 1Q […]

Duffy Seeking $10 Billion From Congress To Revamp Air Traffic Control System Authored by Aldgra Fredly via The Epoch Times, U.S. Transportation Secretary Sean Duffy said on April 21 the department requires $10 billion in additional funding from Congress to overhaul the nation’s air traffic control with a new software system. Duffy told Reuters in an interview that the additional funding would go toward developing new software […]

Two Armed Robbers Steal $1.8 Million From Brinks Armored Truck In Philadelphia Authored by Bryan Jung via PJMedia.com, Two masked men armed with rifles carried out a brazen daylight robbery of a Brinks armored truck  in the Tacony section of Northeast Philadelphia, escaping with what authorities say could be as much as $1.8 million in cash. Philadelphia Police Department officials told ABC 6 that the robbery occurred around […]

Trump Extends Ceasefire By 3-5 Days, Precisely Amount Of Time Needed For Third Carrier To Arrive Summary At least two fully laden Iranian tankers slip past US naval blockade, amid reports of more going dark: BBG Trump extends ceasefire by 3-5 days, per White House statement to Fox. Third US carrier precisely 3-5 day away from Mideast waters: Fox IRGC seized the MSC Francesca and a Greek-owned ship named Euphoria, which […]

Trump Deploys Five Defense Production Act Memos For American Energy President Trump signed five presidential determinations under Section 303 of the Defense Production Act on Monday. All five declare critical energy capacities essential to national defense and authorize federal purchases, commitments, and financing to cut through financing shortages, permitting delays, and supply chain choke points.  Any mention of renewables are […]

CIA Security Officer Files Lawsuit Against Steve Baker And The Blaze For Identifying Her As J6 Bomber Authored by ‘sundance’ via The Last Refuge, Steve Baker and The Blaze are being sued by former Capitol Hill police officer Shauni Kerkoff, who Baker accused of being the J6 pipe bomber based on “gait” analysis and other dubious claims. Mr Baker, a former FBI employee named Kyle Seraphin and Kentucky representative Thomas […]

“All Systems Go”: Goldman Sees Improvement As Boeing Turnaround Gains Momo Boeing shares jumped as much as 5% after the company posted a smaller-than-expected first-quarter cash burn and delivered the most aircraft since 2019 (outdelivered Airbus for the first time in years), reinforcing the view that the turnaround is beginning to lift off. The CEO’s earlier comment was “all systems go,” while Goldman’s initial read on the quarter […]

Solid 20Y Auction Stops Through With Above Average Foreign Demand The week’s lone coupon auction priced at 1pm when the Treasury sold $13 BN in 20Y paper, in a solid if not stellar auction. The auction stopped at a high yield of 4.883%, up from 4.817% in March and the highest since last July. It also stopped through the 4.892% When Issued by 0.9bps, the highest since January. The bid to cover was 2.68, down from 2.76 in March […]

Iran’s Covert Oil Trade Persists As Tankers Breach US Blockade By Tsvetana Paraskova of OilPrice.com Iran continues to export its oil out of the Persian Gulf via the Strait of Hormuz using dark mode on tankers to move past the US blockade outside the world’s most vital oil chokepoint. At least two Iran-flagged supertankers fully laden with an estimated about 4 million barrels of crude have exited the Gulf via the Strait of […]

U.S. Gov’t Could End Up Owning 90% Of Spirit In Rescue Deal Summary: WSJ says the Trump administration’s possible $500 million rescue deal could leave the U.S. government with 90% control. WSJ says Commerce Secretary Howard Lutnick is leading the effort in U.S.-Spirit talks. BBG reported earlier on a potential $500 million rescue loan for Spirit. News of a possible rescue loan for Spirit emerged last week. […]

Virginia Redistricting Rout Deals Major Blow To House Republicans Democrats’ decisive win in Virginia Tuesday night has dealt a significant blow to Republican hopes of retaining control of the House. By persuading voters to dismantle the state’s independent redistricting commission – created just six years ago – Democrats wiped out four Republican-held congressional districts. This means Virginia’s House delegation is now on […]

Anthropic’s ‘Too Dangerous To Release’ AI Model Was Accessed By Discord Group On Day One Anthropic’s ‘Mythos’ model is extraordinarily dangerous. The company itself warned that it could autonomously identify and exploit zero-day vulnerabilities in every major operating system, every major web browser, and every critical software library on Earth. And because of this offensive cybersecurity power, Anthropic refused to release Mythos […]

US Law Firm Apologizes After AI Hallucinations Made It To Legal Filing Authored by Brayden Lindrea via CoinTelegraph.com, Wall Street law firm Sullivan & Cromwell has apologized to a federal judge after submitting a court filing that contained around 40 incorrect citations and other errors caused by AI hallucinations. “We deeply regret that this has occurred,” Andrew Dietderich, co-head of Sullivan & Cromwell’s […]

After “Tectonic” Serra Verde Acquisition, Canaccord Reiterates Buy, Raises Price Target To $32 On USA Rare Earth In a new note out by Canaccord, the firm reiterates its BUY rating on USA Rare Earth and raises its price target to $32 from $29, arguing that the company is rapidly emerging as a cornerstone of a Western rare earth supply chain at a time when geopolitical urgency around reducing dependence on China is intensifying. […]

A New Iran (Military?) Base Case By Michael Every of Rabobank Our central assumption for the Iran war had been that by end the third week of April at latest, the Iranian regime faction willing to make a deal in line with Trump’s tweets would have asserted itself over those who won’t, Hormuz would slowly reopen, and energy markets gradually normalise. As neither the Iranian nor US negotiating teams traveled to Pakistan for the […]

WTI Extends Gains As US Oil Product Exports Hit Record Highs, Huge SPR Release, Production Dips Oil prices are modestly higher this morning, erasing overnight losses on Trump’s ‘ceasefire extension’ after Iran attacked three ships in the Strait of Hormuz. While headline roulette continues to drive oil prices incrementally, this morning’s inventory/supply data from DOE will provide some color on how the API Crude -4.5mm […]

Roblox Settles With 3 States Over Endangering Children, Will Pay $36 Million Authored by Naveen Athrappully via The Epoch Times, Online interactive gaming platform Roblox has agreed to settle with West Virginia, Alabama, and Nevada for a combined $35.78 million, committing to strengthen children’s safety through measures such as mandatory age verification and chat restrictions. Roblox reached an $11.08 million settlement with […]

Democrats Lose A Vital Propaganda Machine With The Fall Of The SPLC When creating a short list of nefarious NGOs that manipulate government policy and socially engineer public opinion, the Southern Poverty Law Center is usually near the top.  The group has been fading in influence due to excessive exposure, with new and less visible left wing NGOs taking it’s place.  However, it remains a key pillar of the Democratic Party’s […]

‘Time Is Running Out For Iran’: The Market Is Calling ‘Bullshit’ On Mainstream’s Narrative, Hugh Hendry Explains… The stock market is telling a different story from the ‘Iran is strong, America is overreaching’ narrative being spewed by mainstream media. For weeks, the financial war narrative has been ‘Iran, strong; America, reckless’, risk’s like mercury and the thermometer rising. And yet, the stock market has done the […]

In Latest Shot At Nvidia, Google Unveils Two Chips For The Agentic Era In a blog post titled “Our Eighth Generation TPUs: Two Chips for the Agentic Era,” Google Senior Vice President and Chief Technologist for AI and Infrastructure Amin Vahdat unveiled the latest generation of the company’s in-house AI chips, splitting the lineup into two versions. The TPU 8t is designed for training AI models, while the TPU 8i is built for […]

Futures Rise After Trump Extends Ceasefire Even As Brent Tops $100 Futures are higher with earnings in full swing and AI winners soaring. Trump indefinitely extended the ceasefire with Iran just before its Taco Tuesday expiration, while maintaining a blockade of the Strait of Hormuz, after plans for peace talks fell apart. Still, the market doesn’t seem too concerned about the lack of a resolution, and is instead focused on a […]

Psychedelic Stocks Just Went Mainstream Submitted by QTR’s Fringe Finance Donald Trump just did something that would have sounded borderline impossible a couple of years ago: he signed an executive order aimed at accelerating research and access to psychedelic therapies, backing it with $50 million in federal funding and directing regulators to remove barriers that have long kept this entire category stuck on the sidelines. This […]

Deutsche Telekom, T-Mobile Weigh Potential Mega-Merger A new Bloomberg report states that Deutsche Telekom AG is exploring a mega merger with its U.S. subsidiary, T-Mobile US, in a move that would create a telecom giant valued at roughly $400 billion. If completed, the deal would rank as the largest public M&A transaction ever. Deutsche Telekom shares fell 4% in Germany on Wednesday morning after Bloomberg reported overnight […]

Trump’s “Sock Puppet” By Philip Marey of Rabobank Summary The confirmation hearing of Fed Chair nominee Kevin Warsh by the Senate Banking Committee was a very partisan affair. In his prepared remarks, Warsh stressed that monetary policy independence is essential, but he does not believe that the operational independence of monetary policy is particularly threatened when elected officials state their views on interest rates. Warsh […]