“Shockingly Bad” Chinese Econ Data Stuns Wall Street, Sparks Hard Landing Concerns Confirming our Sunday preview, overnight China reported growth data which slowed across the board in April with investment resuming declines, retail sales missing sales and growing at the weakest rate in 4 years while industrial production rose at the slowest pace in three years, calling into question Beijing’s reluctance to add stimulus to the […]

Ukraine’s Odesa Heavily Attacked In ‘Retaliation’ For Deadly Drone Raids On Moscow The Russian Defense Ministry (MoD) announced Monday that its forces executed a massive missile and drone barrage across Ukraine, which is clearly the expected big retaliatory response following Ukraine’s large-scale drone wave attack on Moscow over the weekend. Kremlin officials specifically described the new assault as indeed direct retaliation for […]

Cars Are Fast Becoming Dystopian Prison Pods… Authored by Steve Watson via Modernity.news, The surveillance state has found its newest frontier: your car’s dashboard. What used to be a symbol of American freedom and independence is rapidly morphing into a high-tech cage that watches your every move and can override your decisions at will. In a widely shared post on X, users detailed complaints pouring in about Subaru’s […]

Key Events This Week: Nvidia Earnings, FOMC Minutes And Global PMIs Looking at the week ahead, Nvidia’s earnings on Wednesday, with a market capitalisation now of $5.46tn, will be the main event. In economics, we have the global flash PMIs on Thursday, along with inflation data from Canada tomorrow, the UK on Wednesday, and Japan on Friday. From central banks, the highlight will be the FOMC minutes on Wednesday. Those flash PMIs […]

Switzerland To Vote On Capping Population At 10 Million In less than four weeks, on June 14, Swiss voters will decide on a proposal that, if passed, would mark a constitutional first: enshrining a hard limit on the country’s total permanent resident population. The “No to a Switzerland with 10 Million” initiative, backed by the right-wing Swiss People’s Party (SVP), seeks to amend the Federal Constitution to keep the […]

The Question This Week Is “Does Trump Go Back To The Well On Bombing Iran?” By Benjamin Picton, Senior Market Strategist at Rabobank Hormuz diary, day 79. The strait remains functionally closed and global crude and refined product stocks are rapidly drawing down. President Trump has returned from Beijing after much bonhomie with no concrete commitments from China to help get shipping moving again, though the American side has […]

Space Stocks Take-Off On Musk’s SpaceX IPO Comments AST SpaceMobile, EchoStar, and Rocket Lab moved higher in premarket trading in New York after Elon Musk, speaking by video at the Samson International Smart Mobility Summit on Monday, said a SpaceX IPO is coming “pretty soon,” adding to investor hype around the publicly traded space industry. “We’ve got to get the SpaceX IPO stuff going here pretty soon,” Musk told the summit, […]

Oil Slides After Iran Says US Agreed To Lift Oil Sanctions During Talks, Long-Term ‘Nuclear Freeze’ On Table Summary A flurry of (the somewhat typically-timed) Monday opener headlines have pushed oil prices lower, erasing weekend gains, including Al Arabia reporting that Iran is ready to accept a long-term nuclear freeze, instead of full dismantling. Iran has submitted its latest proposal comprising 14-points through Pakistan, […]

D-Day For “Huuuge” Meta Layoffs Looms As AI Job Apocalypse Accelerates ‘D-Day’ for Meta layoffs is quickly approaching, as the Facebook and Instagram owner will slash 10% of its global headcount – or about 8,000 employees – in the initial round as it swaps headcount for GPUs. Former Meta employee Adel Wu described the current situation on X, saying her millennial and Gen Z friends still at the tech company are currently “either […]

“Taiwan Loses Its Strategic Importance In 18 Months,” Says Chamath Palihapitiya In an interview with Fox News’ Bret Baier that aired Friday, President Trump said that he doesn’t want “to travel 9,500 miles to fight a war” over Taiwan. “I’m not looking to have somebody to go independent and, you know, we’re supposed to travel 9,500 miles to fight a war,” Trump told Baier. “I’m not looking for that. I want them to cool down. I want […]

“Please Work Remote”: NYC Braces For Commuter Chaos With Ongoing LIRR Strike Welcome to day three of the Long Island Rail Road strike, which is set to cause commuter chaos this morning in the New York City area, as more than 3,500 workers across five unions walked off the job Saturday after contract talks with the MTA collapsed. Negotiations between the MTA and unions resumed Sunday and are set to continue Monday morning. LIRR […]

Futures Slide After Bond Yields, Oil Prices Jump Around The Globe Futures are lower, but off their overnight lows as markets focus on soaring global yields after US/Iran talk progress remains stalled (but at least armed hostilities did not resume contrary to some speculation). Yields also spiked on rising oil prices, concerns of an extra budget in Japan and continued political chaos in the UK. As of 7:00am ET, S&P futures are […]

EPA Unwinds Massive Biden-Era Auto Emissions Regulations That Had 2027 Deadline Authored by Naveen Athrappully via The Epoch Times (Emphasis ours), The Environmental Protection Agency (EPA) has proposed a deregulatory action to delay compliance deadlines for Biden-era emission standards, in a bid to make vehicles more affordable for Americans while ensuring greater consumer choice, the agency said in a May 14 statement. Ford Motor […]

Samsung, Union Resume Talks After Labor Action Scare; Goldman Says “Korea: Buy” Downward momentum in South Korean stocks was halted on Monday as optimism returned to Samsung Electronics after the company and its union reopened talks to resolve contract disputes and avert a strike that could begin as soon as Thursday. Bloomberg reported that the union’s leader would “sincerely engage” with Samsung executives. The world’s most […]

Canada Rethinks Selling Its Crown Jewel Pipeline Authored by Charles Kennedy via OilPrice.com, The Canadian federal government may reconsider a plan to privatize the Trans Mountain oil pipeline. Since the expanded TMX pipeline launched in 2024, exports to Asia—especially China—have surged, with up to 70% of shipments from British Columbia heading to Asian buyers by late 2025. Officials now see TMX as a highly […]

Behind Turkey’s Gold Sales: The Biggest Ever Plunge In Foreign Reserves Shortly after the Iran war started, with gold unexpectedly tumbling, we showed that the reason behind gold’s paradoxical move – after all, the precious metal has traditionally been a store of value in times of geopolitical stress – was the furious liquidation of gold by emerging markets, in this case Turkey, scrambling to obtain reserve dry powder so Ankara […]

Trump Tells Iran ‘Clock Is Ticking, Move Fast’ After New Peace Proposal As Analysts Predict Likely Return To War Update(1410ET): President Trump has warned Iran on Sunday that the “clock is ticking” as Pakistani-mediated talks have not only stalled, but show no signs at all of restarting anytime soon. “They better get moving, FAST, or there won’t be anything left of them,” he wrote on Truth Social. “TIME IS OF THE ESSENCE!” He […]

So Where Does Wokeism Come From? (Spoiler Alert: The French, Of Course!) Authored by Monica Showalter via AmericanThinker.org, How did wokeism happen? A French intellectual, who goes by Brivael Le Pogam on X, has written a tightly focused and brief explanation of it worthy of Eric Hoffer, putting his finger on the thinking of French philospher-historian Michel Foucault, French philosopher Jacques Derrida, and French […]

Net Zero Fearmongering In Tatters After Climate Report ‘Implausibility’ Ruling Authored by Chris Morrison via DailySceptic.org, The fallout from the recent Intergovernmental Panel on Climate Change (IPCC) ruling that computer model high emissions pathway RCP8.5 is “implausible” is only just beginning. Most mainstream media fearmongering stories over the last 15 years need to be moved into the junk file, as do the increasingly […]

Japanese Company Simplifies Ketchup Packaging Amid Ink Shortage Tied To Middle East Conflict Kagome is revamping the packaging of several ketchup products after supply disruptions made white printing ink harder to source, according to Japan Today. The shortage stems from raw material constraints tied to the conflict in the Middle East. Under the redesign, bottles of Kagome Tomato Ketchup will no longer feature the brand’s usual […]

Poland Is Now The Last Country Standing In The Way Of A Federalized Europe Authored by Andrew Korybko via Substack, Its conservative president is totally against this project and can veto related legislation tabled by the liberal prime minister since the latter’s ruling coalition doesn’t have the two-thirds majority to overrule him, thus enabling Poland to play the role that Hungary did prior to Orban’s downfall. […]

A Deadly Day In Butler The following is an excerpt from the newly published book “The Trump Assassination Plots: What the Investigations Missed, and Why it Matters.” The book, which can be found here, attempts to provide the most complete account to date of the attempts on Donald Trump’s life (emphasis ours), A Deadly Day in Butler *CRACK* *CRACK* *CRACK* Three shots rang throughout the Butler Farm Show – causing Trump to […]

Pro-Israel Forces Throw Kitchen Sink At Massie Ahead Of Tuesday Primary Eleven months after President Trump launched an all-out political war on Rep. Thomas Massie, the Tuesday, May 19 Kentucky GOP primary is almost here. With polls showing the race going down to the wire, the anti-Massie forces — whose animus is largely driven by Massie’s refusal to vote in accordance with the Israel lobby’s wishes — have been throwing everything […]

Are There Really ‘No Bad Ideas’ When It Comes To ‘Saving Our Democracy’? Authored by Eric Utter via AmericanThinker.com, Former Vice President Kamala (hic!) Harris recently opined that there are “no bad ideas” when it comes to brainstorming ways to reinvigorate the Democrat party. During a May 13th livestream on something called the “Win with Black Women” podcast, Hic! Harris suggested that the Democrat party prepare an […]

By Targeting Dairy Farmers, ESG Wants To Decide Your Milk Authored by Samantha Fillmore via RealClearMarkets, It starts with a letter in the mail. A dairy farmer opens it to find new requirements from their milk processing plant. Herd data, energy usage, emissions figures. The letter calls it voluntary but if you don’t comply, the plant can’t take your milk. And if the plant can’t take your milk, you’re out of business. That’s […]