Senate Panel Holds Fauci In Contempt For Refusing To Answer Questions Anthony Fauci has been held in contempt of Congress by the Homeland Security and Governmental Affairs Committee, after he repeatedly refused to answer lawmakers’ questions about funding risky research to genetically manipulate bat coronavirus in Wuhan China, and his role in the ensuing lockdown quagmire that cratered the economy after he was put in charge of […]

Federal Review Finds 90% Of Maine’s Autism Support Services Lacks Justification Authored by Debra Heine via American Greatness, Centers for Medicare and Medicaid Services (CMS) Administrator Dr. Mehmet Oz revealed Tuesday that federal investigators have found widespread irregularities in Maine’s support services for adults with autism. Speaking Tuesday during a Department of Justice anti-fraud press conference in Philadelphia, […]

Yemen War Reignites As Houthis Intensify Saudi Shipping Attacks, Ground Assault, With Hormuz Deal ‘Close’ Yesterday witnessed at least the eighth Saudi oil tanker attacked by the Houthis since the maritime blockade began on July 22, which is being followed by reports the Yemeni rebel group backed by Iran could be preparing for all-out war with Saudi Arabia. The group struck two Saudi oil tankers in the Red Sea on Wednesday and […]

Situational Awareness Returns With $400M Investment After Nearly Collapsing Authored by Zoltan Vardai via CoinTelegraph.com, Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, reportedly invested $400 million in a privately held company days after it nearly collapsed under margin calls. The fund invested $100 million in the same unnamed company in July, Bloomberg reported Thursday, […]

Initial Jobless Claims Remain Near 57-Year Lows The number of Americans filing for unemployment benefits for the first time held below 200k again last week… …basically hovering at its lowest since 1969… Pennsylvania and New Jersey saw claims rise the most last week while North Carolina and Ohio saw the biggest decline… Continuing jobless claims ticked up, just above 1.8 million Americans… After ADP’s […]

Celsius Shares Crash As Revenue Misses Estimates Celsius Holdings, the Florida-based beverage company with a portfolio of some of America’s top-performing energy drinks, reported weaker-than-expected second-quarter results, as revenue, adjusted earnings, and profitability missed Wall Street estimates. Second-quarter adjusted earnings fell to 36 cents per share from 47 cents a year earlier, below the 41-cent Bloomberg Consensus […]

The BoJ And The Fed Just Made Gold Obvious Authored by Matthew Piepenburg via VonGreyerz.gold, Between the market’s reaction to Warsh’s recent no-rate-hike announcement and the current disaster unfolding with the Japanese yen, the set-up for near-term “Uh-Oh” in stocks and bonds in general–and the longer-term wisdom in precious metals in particular– couldn’t be more obvious. Stick to the Essential Antoine de St. […]

Futures Flat As Tech Slides After Memory Stocks, Korea Tumble US futures are mixed with S&P futures modestly higher offset by a slide in tech: as of 8:00am ET, S&P futures are up 0.1% while Nasdaq futures drop 0.5%, hit by a plunge in Sandisk (down 9% in pre-market), and rival Western Digital which tumbled 15%, after both companies reported earnings. AppLovin also slumped 16% after missing revenue estimates while DataDog […]

Datadog Crashes Most On Record As 2Q Gross Margin Disappoints Despite Forecast Boost Shares of cloud-monitoring and security company Datadog crashed the most on record in premarket trading in New York, as stronger-than-expected second-quarter results and an upgraded full-year profit and revenue outlook still failed to satisfy the market’s high expectations.  Datadog now expects full-year adjusted earnings of $2.50 to $2.54 a […]

“In Uncharted Waters”: The SpaceX Lockup Expiration Begins SpaceX shares are hovering near record lows after the company’s first earnings report as a publicly traded company beat expectations. However, as we noted Tuesday, Thursday’s first lockup expiration is likely the more significant near-term catalyst than earnings. The first insider share lockup expires today and more than doubles the float from about 639 million to 1.55 […]

Researcher Finds Backdoor In Chinese-Made Routers Sold Worldwide Authored by Evgenia Filimianova via The Epoch Times, Cybersecurity company VulnCheck said on Aug. 5 that it has found that more than 20 models of a Chinese-made wireless router sold worldwide contain a hidden backdoor that could allow unauthorized access to devices connected to the network. File photograph of ethernet cables running from the back of a router in […]

“If Clarity Dies, Democrats Killed It”: Lummis Urges Senate To Act On Crypto Bill Before Recess Pro-bitcoin Senator Cynthia Lummis has said that bipartisan work is going into the crypto Clarity Act but warned that some lawmakers are still making unreasonable demands.   The Republican, speaking to Fox Business Wednesday, said that she had been working with Democratic lawmakers into the night to get the bill over the line.  […]

EU To Use $1.62 Billion In Interest From Frozen Russian Assets To Support Ukraine Authored by Victoria Friedman via The Epoch Times, The European Union will use $1.62 billion accumulated from interest on frozen Russian assets to support Ukraine, the union’s executive branch has said. European Commission President Ursula von der Leyen speaks during a news conference as part of the European Council meeting to discuss Ukraine, […]

Spot The Odd One Out… While almost one million people crossed the $1 million wealth threshold in 2025, that growth was far from evenly shared across countries. This visualization, via Visual Capitalist’s Bruno Venditti, ranks the 31 countries that added the most new USD millionaires between 2024 and 2025, revealing where personal wealth expanded fastest over the past year. The data comes from the UBS Global Wealth Report […]

Iran-Oman Hormuz Route ‘Agreed To’ As Iran Warns Against US ‘Interference’ Summary Iran says Hormuz route is agreed: Tehran says it has finalized a shipping route with Oman, blaming U.S. actions for delaying a final agreement. Tehran claims victory: Iranian officials say the deal would lock in Iran’s wartime gains and strategic leverage over Hormuz. Mixed messages: Trump says a deal could come within days, while Iran insists the […]

Iraq-Syria Pipeline to Bypass Hormuz Could Be Revived Within 3 Years By Tsvetana Paraskova of OilPrice An old Iraq-to-Syria oil pipeline that bypasses the Strait of Hormuz could be up and running within three years, a senior Syrian official has said. The Hormuz crisis that cut off most of Iraq’s crude oil exports has accelerated plans by Iraq and Syria to rebuild a damaged oil pipeline to ship crude oil from the Iraqi fields […]

One-Way Attack Drone Found At Major German Airport: The Threat Has Arrived A one-way attack drone was discovered on the tarmac at Leipzig/Halle Airport, one of Europe’s most important freight hubs. The German airport hosts transport company DHL’s largest air hub and serves as the operating base for Ukraine’s massive Antonov heavy-lift cargo aircraft. Exklusive Aufnahmen – Das ist die Drohne vom Flughafen Leipzig […]

BMW Job Cuts And The Emerging German-French Industrial Strategy Submitted by Thomas Kolbe Will German policy paralysis and French protectionism save Germany’s automakers? Unlikely, since Paris and Berlin are pursuing similar ideological goals. Everything points toward the expansion of a green state-run economy. On that, there is agreement. The concerns of private enterprise are secondary. Given the dramatic situation, automakers […]

This Is The Income Needed To Be ‘Happy’ Around The World In most countries, the average worker still earns less than the income researchers associate with peak reported well-being. Research on income and well-being has identified a “satiation point,” an income level beyond which additional earnings no longer improve reported happiness. But how close does the average worker come to reaching that threshold? An analysis […]

Why On Earth Are They Doing This? Authored by Steve Watson via Modernity News, The Spanish Red Cross is treating the military-age men who swam around the border fence and stormed Ceuta like victims of an earthquake. Volunteers in red vests are lining up on the sand at Playa del Trampolín, handing out bread, milk, biscuits, water, cans of tuna and pastries to the thousands who remain after last week’s deliberate mass invasion […]

The West Is Winning The Information War While Russia Prevails On The Battlefield Authored by former CIA officer Larry Johnson I stumbled across something pretty bizarre today when I queried one of the AI-search engines about Russia’s capture of territory in Ukraine in 2026. Here is what the Chinese KIMI claimed: The evidence from multiple sources — including Ukrainian official claims, Western think tanks, and Ukrainian […]

End Of Cheap Food? Five Forces Set To Drive Grocery Bills Even Higher UBS analysts identified five long-term forces likely to keep global food inflation “structurally higher” above its pre-pandemic average of about 2.5%, crushing consumer hopes that price pressures will simply fade. “While food inflation globally has fallen from the COVID peak, a new debate is emerging: is the c2.5% LT average obsolete?” London-based managing […]

US Lifts Sanctions On Iraqi Airline Blacklisted Over IRGC Ties Via The Cradle The US Office of Foreign Assets Control (OFAC) lifted sanctions on Iraq’s Fly Baghdad Airlines and two of its aircraft on Wednesday, clearing a carrier Washington had blacklisted in January 2024 over alleged support for Iran’s Islamic Revolutionary Guard Corps (IRGC) Quds Force.  The Baghdad-based carrier was delisted from the Specially Designated […]

China Is Betting AI, Hypersonic Missiles And Quantum Technology Will Define The Next Era Of Warfare As China races to modernize its armed forces, its strategy is increasingly centered on developing technologies that could offset America’s traditional military advantages instead of matching the U.S. system for system, according to the South China Morning Post. That philosophy dates back to Unrestricted Warfare, a book published in […]

Former Haitian Police Officer And Naturalized US Citizen Pleads Guilty To Gun Running Authored by Michael Clements via The Epoch Times, A naturalized U.S. citizen and former Haitian National Police officer pleaded guilty to smuggling at least 140 firearms to Haiti. Soldiers patrol amid the sound of gunshots heard in the distance in Port-au-Prince, Haiti, on Oct. 17, 2024. Odelyn Joseph/AP Photo Jean Robert Casimir, 53, of […]