CEO Saves His Failing Company By Firing Entire HR Department When Elon Musk purchased Twitter and took the company over in 2022, he proceeded to fire approximately 80% of the social media company’s bloated 7500 person workforce.  This included almost all HR related employees.  The company roster was pared down to a lean 1500 people.  Everyone in the establishment media claimed that Twitter (now called “X”) was going to […]

Japan To Welcome First Crude Cargo Via Hormuz Since War Began By Tsvetana Paraskova of OilPrice.com A supertanker carrying 2 million barrels of Saudi crude is set to arrive in Japan early next week after clearing the Strait of Hormuz in late April, in the first shipment of Middle East crude to Japan via the chokepoint since the Iran war began on February 28. The Idemitsu Maru very large crude tanker; Photo: MarineTraffic The very […]

China Restricts Fentanyl Precursor Chemical Exports To North America After Trump-Xi Talks One week after President Donald Trump’s China summit with President Xi Jinping, where the two superpower leaders focused on issues ranging from bilateral trade to the Hormuz chokepoint, there appears to be measurable progress on one key ‘MAGA’ issue: the flow of fentanyl precursor chemicals into North America. Bloomberg reports Friday […]

House Democrats Unanimously Vote Against Women’s History Museum… Can You Guess Why? Authored by Jonathan Turley, House Democrats unanimously voted this week against legislation to build a new women’s history museum on the National Mall. The reason was an amendment that limited the exhibits to biological women to the exclusion of transgender figures. The museum failed 204-216 as House Democrats hoped that they could still […]

Iconic American Beer Brand Discontinued After 177 Years Schlitz Premium, the storied lager once billed as “the beer that made Milwaukee famous,” is heading into retirement. Pabst Brewing Co. confirmed this week it is placing the brand on indefinite hiatus, ending production of the nearly two-century-old beer label founded in Milwaukee in 1849 that grew into one of America’s most iconic brews. The decision, driven by rising […]

The Coup Abides Authored by James Howard Kunstler, “Leftists can’t name & blame specific individuals for the 2024 loss because they’re an undifferentiated blob who function unconsciously according to enmeshed group think.” – Aimee Therese on X In all the chatter about the Democratic Party’s 2024 election “autopsy” report you might have missed one little important detail: autopsies are generally performed on the […]

Singham Network Mobilizes To Defend Raúl Castro After DOJ Indictment Via American Greatness, Key organizations and activists tied to the CCP-linked Singham Network rapidly moved to defend former Cuban dictator Raúl Castro following this week’s Justice Department indictment tied to the 1996 shootdown of civilian aircraft flown by Brothers to the Rescue. The indictment, unveiled by the United States Department of Justice, […]

Chinese Refining Rates Unexpectedly Plunge To All-Time Lows As Economy Falls Off A Cliff Two weeks ago, when discussing the market “mystery” of sliding physical crude oil prices, we said that the most likely culprit were Chinese refiners, whose refining margins had just collapsed to the most negative on record. The reason for the margin collapse was China’s domestic fuel policy: it has long been Beijing’s policy to soften price […]

Uber Builds Large Stake In Germany’s Delivery Hero As Takeover Speculation Builds Uber is exploring a potential takeover of Delivery Hero after building a large stake in the rival German food delivery company, Bloomberg News reports. This follows an earlier report that Uber had built a 19.5% stake. On Monday, Uber disclosed that it owns 19.5% of Delivery Hero, plus an additional 5.6% through options. The position was built with the […]

Iran Says 35 Ships Exited Strait Of Hormuz As Rubio Condemns Tolls The US blockade of the Iranian blockade is looking increasingly more porous. Iran said 35 ships passed through the Strait of Hormuz in the past 24 hours in coordination with the Islamic Revolutionary Guard Corps, the Iranian state broadcaster reported on Friday. The navy had already reported on Wednesday that 26 ships had passed through the strait within 24 hours. […]

Iran Says ‘No Deal’ Will Materialize If US Insists On Enriched Uranium Handover Summary Iran Foreign Ministry says “no deal” will be reached if the US makes enriched uranium handover demand (Al Jazeera). Rubio confirms that there’s been no deal and that “we’re not there yet” – amid broader late morning pushback against morning optimistic, premature headlines. Saudi sources report Pakistan army chief & a Qatar delegation […]

India’s Power Demand Hits Record High As Heat Drives Coal Use Submitted by Irina Slav of OilPrice.com India’s power generation rose to a new all-time high amid hot weather that drove air-conditioning demand up, with thermal generation, most of its coming from coal power plants, covering 62% of demand. Power demand on Thursday hit 271 GW, on the “fourth consecutive day when the peak power demand (solar hours) reached a new […]

Tulsi Gabbard Resigns As Director Of National Intelligence Tulsi Gabbard is stepping down from her role as Director of National Intelligence (DNI) to support her husband, Abraham, as he battles an extremely rare form of bone cancer, according to Fox News. Gabbard informed President Donald Trump of her decision during a meeting in the Oval Office on Friday. Her last day at the Office of the Director of National Intelligence […]

Crowd Burns Ebola Treatment Center In Congo Amid Dispute Over Body Authored by Zachary Stieber via The Epoch Times, People set fire to an Ebola treatment center in a town at the heart of the outbreak in eastern Congo on May 21 after being stopped from retrieving the body of a local man, witnesses and police said. “The police intervened to try to calm the situation, but unfortunately they were unsuccessful,” Alexis Burata, a […]

Viral Video Reveals Extent Of LA’s Homeless Hell Authored by Steve Watson via Modernity.news, A shocking video making the rounds shows the reality of life under Los Angeles bridges: a sprawling setup of makeshift homes complete with lighting tapped into the city power grid, tables of items, and a self-contained community living off public resources. The clip, originally from local documentarian @whitewallstuntz, captures a […]

White House And Pentagon Clash Over $80M ReElement Critical Minerals Deal The Pentagon is reconsidering an $80 million conditional loan to rare-earths refiner ReElement Technologies, raising tensions with the White House over efforts to reduce US reliance on China for critical minerals, according to Bloomberg. The loan, announced in November through the Pentagon’s Office of Strategic Capital (OSC), was part of a broader $1.4 […]

Rising Interest Rates: Why The Narrative Fails Against The Data Authored by Lance Roberts via RealInvestmentAdvice.com, Last Friday closed with the 10-year Treasury yield at 4.60%, a one-year high, and the doom commentary about rising interest rates was waiting before the bell even rang. Hyperinflation. Bond market breakdown. Paradigm shift. A 1981 fair-value retest. The Fed is about to “push the brrrr button” or […]

Taiwan Arms Deal Put On Ice Amid China Pressure, But Pentagon Cites Iran War Stockpile Concerns Did the Pentagon just back down amid pressure from China? It appears so. As we reported Thursday, China has been actively holding up a proposed visit by Elbridge Colby, the Pentagon’s under-secretary of defense for policy. The move is a transparent effort to pressure President Trump over a looming $14 billion weapons package for […]

Is Take-Two Sandbagging Guidance Ahead Of Grand Theft Auto VI Launch? Take-Two Interactive slumped in early U.S. cash session after the video-game publisher reported better-than-expected fourth-quarter results but issued what some analysts described as a “conservative” outlook for the year, even as it reaffirmed the November 19 launch date for Grand Theft Auto VI. TTWO’s earnings, released Thursday evening, initially sent shares […]

US Lawmakers Renew Strategic Bitcoin Reserve Push With ARMA Bill Authored by Brayden Lindrea via CoinTelegraph.com, US lawmakers have renewed efforts to codify a US strategic Bitcoin reserve with a new bipartisan bill on Thursday that seeks to acquire around 1 million Bitcoin over five years.  The American Reserve Modernization Act of 2026 would establish a Strategic Bitcoin (BTC) Reserve and Digital Asset Stockpile for other […]

“Huge Shock”: China Launches Crackdown On Cross-Border Stock Selling To Block Capital Outflows China launched an unprecedented campaign against illegal cross-border trading to stem capital outflows, threatening severe penalties against brokers and ordering non-compliant accounts to be liquidated within two years, sparking a brutal selloff in three popular brokerages. As Bloomberg reports, the pushback came after the onshore markets […]

Great Again: Blue-Haired Liberals Seen Enjoying Beautifully Restored DC Park Fountain Authored by Steve Watson via modernity.news Decline is a choice Just weeks ago, Meridian Hill Park – also known as Malcolm X Park – stood as a graffiti-scarred reminder of neglect, overrun by vagrants, trash, and decay. Today, its iconic 13-basin cascading fountain flows powerfully once more, drawing families, dog walkers, and even those with […]

‘Mission Impossible’ Begins: Watch Live As Kevin Warsh Is Sworn In As 17th Fed Chair Kevin Warsh, who’s promised the biggest shakeup in decades at the US central bank, is set to be sworn into office this morning at 1100ET in a White House ceremony as the 17th chair of the Federal Reserve. Warsh takes over at a tense moment for the economy and the central bank. Inflation has reaccelerated, driven by the impact of war in the Middle […]

UBS Warns Of “Scary” Oil Price Scenarios Once Inventory Buffers Run Dry Drawing down crude inventories at a record pace, with SPR releases doing the heavy lifting to cushion the Gulf supply shock, only delays the move higher in crude oil prices. Once those buffers are depleted, oil risks being violently repriced higher. That is why the Trump administration’s race to secure a peace deal with Iran and reopen the Hormuz chokepoint has […]

As Stocks Hit Record Highs, Americans’ Consumer Confidence Collapses To Record Low With the “mini war” still ongoing (albeit with a ‘ceasefire’ in place), expectations were for UMich consumer sentiment to continue languishing at record lows in final May data released this morning. And it did, with the headline sentiment – along with both Current Conditions and Expectations – all plunging to record lows… Source: Bloomberg […]