US Adds Only 57K Jobs, Missing Estimates, As Unemployment Rate Slides On Plunge In Workers In our jobs preview post we quoted Goldman Delta One head, Rich Privorotsky, who said that “equities marginally want something weaker than consensus: with no forward guidance, hot NFP means hikes in play, which is unfriendly for pockets of equity risk.” Well, they got it because moments ago the BLS reported that in June the US added just 57K […]

Initial Jobless Claims Continue To Signal No Labor Market Stress The number of Americans filing for unemployment benefits for the first time dipped last week to 215k (218k exp), continuing to show labor market resilience in the face of slumping sentiment. …basically unchanged in five years. Continuing claims ticked higher but remains well off cycle highs from last fall… So once again, claims data shows no signs of the […]

Ukrainian Capital Suffers ‘Night Of Hell’ In 11-Hour Russian Assault That Kills At Least 20 Just hours after Ukrainian President Volodymyr Zelensky warned of an impending “massive” escalation by Moscow, the skies over the Ukrainian capital erupted in a flurry of inbound drone and missile activity. At least 20 people were killed and several dozen injured in the overnight multi-wave Russian missile and drone assault that overwhelmed […]

Futures On Edge As Sliding Chips Spark Another Korea Crash, Payrolls On Deck US equity futures have reversed all overnight losses which were driven by the latest crash in South Korean stocks, which plunged 8% and closed at LOD, driven by a plunge in memory stocks. Still, the Nasdaq is still lower with tech stocks depressed on news that Sam Altman’s OpenAI is seeking to offer a 5% stake to Trump in what is clearly an attempt to […]

“Set Your AC To 78F”: NYC Socialist Pleads With Residents As Fragile Grid Faces Blackout Risk “Set your AC to 78 degrees, turn off lights/electronics you’re not using, and unplug what you can,” New York City Socialist Mayor Zohran Mamdani wrote on X late Wednesday. New Yorkers are now getting a real-world lesson in what Mamdani’s recent “warmth of collectivism” comments actually mean: shared sacrifice, including being told to dial […]

Sam Altman’s OpenAI Discusses Handing Trump Admin A 5% Stake The U.S. government’s equity portfolio could be expanding again, this time with a potential 5% stake in Sam Altman’s OpenAI at an $852 billion valuation, according to a new report. The proposed stake would mark another step toward taking direct financial positions in tech giants. For OpenAI, buy-in from the Trump administration could ease mounting political pressure ahead […]

Japan Takes Next Step In $2.3 Trillion Plan With Domestic AI Model And 10M Robots The Japanese government has unveiled plans to create a domestically developed artificial intelligence model and put roughly 10 million AI-equipped robots into operation across 18 sectors by 2040 – building on a 14-year growth strategy announced last month, which targets ¥370 trillion ($2.3 trillion) in combined public and private investment across 17 […]

Why Bernie Sanders’ AI Bill Is Fascistic And Dangerous Authored by Amirhossein Eshtiaghi via The Mises Institute, Bernie Sanders is a socialist populist. His unfamiliarity with the fundamentals of economics explains why he considers Denmark to be socialist. A former Danish Prime Minister once implicitly addressed such claims, noting that Denmark’s economy is not socialist, but rather a market economy. But the truth does not […]

Vance Warns ‘US Has Options’ As Iran Rejects Direct Doha Talks – Trump Insists Diplomacy Is ‘Very Good’ Update(1315): The American side is keeping up the illusion of progress on Iran talks, even as Tehran has once again on Wednesday confirmed no direct meeting has taken in place in Doha – nor are there plans for direct dialogue, its deputy FM has said. President Trump has simultaneously hailed “very good” talks on Iran in Doha – […]

Treasure Hunters Recover $100K Silver Bar From Legendary 1622 Shipwreck Treasure hunters searching the waters off the Florida Keys have uncovered a 22-pound silver bar believed to have come from the wreck of the Spanish galleon Nuestra Señora de Atocha, according to a new report from SlashGear.The artifact, estimated to be worth about $100,000, is the first silver bar recovered from the legendary wreck site in nearly three decades. […]

KKR And SK Launch South Korea’s Largest Renewable Energy Platform By Tsvetana Paraskova of OilPrice.com Global investment firm KKR and South Korea’s industrial conglomerate SK Inc are launching the single biggest renewable energy platform in South Korea to help meet growing power demand from AI and chip manufacturing. KKR and SK Inc are creating the platform, valued at about $1.3 billion, or 2 trillion South Korean won, to […]

Paris Deputy Mayor Blames US Air Conditioning For French Heat Wave The peasantry is not allowed to have creature comforts, otherwise, they might start thinking like free men.  So, let them eat cake (and fight each other over the last few box fans).   As we covered last week, over 1.2 million tourists have traveled to each US city hosting a World Cup game, and the resulting culture shock has gone viral across social media.  […]

The Collapse Of Schengen… Over 1 Million Illegal Migrants Apply For Spanish Citizenship Via Remix News When the socialist-communist government of Pedro Sánchez first announced he was going to begin the mass legalization of migrants in his country, his government claimed this would amount to 500,000 people. Now, twice as many people are being legalized than first claimed, and importantly for the rest of Europe, those migrants now […]

Russia Buying Gasoline From India To Tackle Shortages Russia, whose refining capacity has come under significant strain in recent months, has started seaborne imports of gasoline from India (the same country it exports millions of barrels of oil to), Reuters reported citing industry ​sources, in an effort to mitigate fuel shortages triggered by ‌Ukrainian attacks on its energy infrastructure. Fuel shortages are being felt […]

Alastair Crooke: Russia Hearing The European Clamor For War, Announces It’s Ready Authored by Alastair Crooke The de-escalation framework that unfolded in the US-Iran Lucerne talks largely stayed true to the original Iranian 10-point plan. Meanwhile, President Trump and Vice-President Vance deliberately muddy the waters, claiming that Iran has already agreed to IAEA inspections of Iran’s nuclear facilities (a claim repeatedly […]

What’s Behind The Plunging Won And Sudden Liquidity Collapse In Korean Markets South Korea’s won weakened for a fourth day as overseas investors accelerated their relentless sales of local stocks. In response, USD/KRW rose 0.1% to 1,552.60, extending its four-day gain to 1.2% (i.e. KRW drop). According to Barclays, pressure from both resident outflows and more recently in the case of Korea, heavy foreign outflows, could pose […]

Supreme Court Justice Thomas Says Birthright Citizenship Ruling ‘Devalues’ US Citizenship Authored by Jack Phillips via The Epoch Times, Supreme Court Justice Clarence Thomas issued a lengthy dissent criticizing the high court’s majority ruling against President Donald Trump’s executive order restricting birthright citizenship, saying the decision would effectively devalue American citizenship as it was understood by those who […]

FAA Moves To Lift 50-Year Ban On Overland Supersonic Flights The Federal Aviation Administration (FAA) on Tuesday moved to end the more than 50-year ban on civilian supersonic flights over the continental United States, proposing rules that would allow aircraft to exceed the speed of sound provided they don’t produce a sonic boom. The U.S. Department of Transportation (DOT) announced on June 30 that the FAA has issued a notice of […]

Trump Takes Maiden Flight On New Air Force One Jet Authored by Jacob Burg via The Epoch Times, Ahead of a trip to North Dakota on July 1 to honor the opening of the Theodore Roosevelt Presidential Library, President Donald Trump officially debuted a refurbished Boeing 747-8 luxury jet that will serve as the interim Air Force One. President Donald Trump pumps his fist after touring the inside of the newest aircraft in the […]

Executive Order Execution: Three Reactors Achieved Criticality Before July 4th On July 1st, the Department of Energy (DOE) announced microreactor developer Deployable Energy had achieved criticality on their Unity reactor design at Idaho National Labs (INL).  CRITICALITY NUMBER THREE! 🎉 On June 30, 2026, at around 11:55 PM MDT, @DeployableE’s Unity microreactor achieved initial criticality at @INL. It is the third nuclear […]

Justice Department To Prioritize Birth Tourism Probes After Supreme Court Ruling Authored by Aldgra Fredly via The Epoch Times, Federal prosecutors on June 30 were directed to prioritize investigations into “birth tourism” schemes after the Supreme Court struck down President Donald Trump’s executive order ending birthright citizenship for children born to illegal immigrants. Migrants, including a pregnant Haitian woman seeking to […]

US B-2 Bomber Showcases Ability To Launch Stealth Anti-Ship Missile For First Time Authored by Ryan Morgan via The Epoch Times, The U.S. Air Force confirmed, for the first time, that a B-2 Spirit stealth bomber successfully launched an AGM-158C Long-Range Anti-Ship Missile (LRASM) against a target vessel during a naval exercise. A U.S. Air Force B-2 Spirit Stealth Bomber, assigned to the 509th Bomb Wing, deploys an AGM-158C Long […]

Xi Touts Communist Party’s Global Reach, Hails PLA’s Rising Strength In 105th Anniversary Address Chinese President Xi Jinping used a major speech marking the 105th anniversary of the Chinese Communist Party on Wednesday to both tout China’s global influence and pledge a stronger armed forces build-up while staying steadfast in an ongoing crackdown on corruption within top military ranks. Bloomberg concluded of the speech, “Xi […]

Nancy Pelosi Institute To Launch At UC Berkeley After Former Speaker Leaves Congress Authored by AG News Staff via American Greatness, Former House Speaker Nancy Pelosi will lend her name to a new institute at the University of California, Berkeley after retiring from Congress, with the university announcing it has already raised $35 million toward a $50 million fundraising goal. The Nancy Pelosi Institute for Representative […]

Meet The “World’s Most Dangerous” Hotel That Leaves Guests Stranded 35 Miles Offshore A remote former Coast Guard tower off the coast of North Carolina has become one of the country’s most unusual vacation destinations, with thrill-seekers paying to spend days stranded 35 miles out in the Atlantic on what’s been dubbed the world’s most dangerous hotel, according to the NY Post. Interest in Frying Pan Tower recently surged after […]