Buffett Delays Midyear Donation To Gates Foundation Amid Epstein Controversy Warren Buffett has funneled roughly $48 billion into the Gates Foundation from 2006 to 2025, typically through annual midyear transfers of Berkshire Hathaway shares. However, this year, for the first time in two decades, Buffett is reportedly delaying his usual donation as he waits for the outcome of a review into the foundation’s ties to the late sex […]

The New Socialists: Elite, Ungrateful, And Toxic As Ever Authored by Victor Davis Hanson via American Greatness, Win some blue-state and blue-city races, and the cocky new socialist Jacobins believe that they have either already taken over the Democratic Party or will soon absorb it. And in reaction to these new swarms, an increasingly terrified and ossified old Democrat guard either limps away from the hive or invites them in to […]

Katz Says Israel Could Be Back At War With Iran ‘Tomorrow’ Authored by Dave DeCamp via AntiWar.com, Israeli Defense Minister Israel Katz said on Monday that the Israeli military was ready to restart the war against Iran and that it could happen as soon as “tomorrow”. Katz vowed that Israel would bomb Beirut’s southern suburb of Dahiyeh if Hezbollah rockets were fired into northern Israel and that the IDF was prepared to respond […]

Trading Giant Susquehanna Lost Over $70 Million To Mystery Insider Traders Trading giant Susquehanna Investment Group said it was attempting to unmask the identities of individuals it claims made at least $100 million trading on inside information about a Chinese government crackdown on cross-border brokerages last month. The Pennsylvania-based market-maker, which says it was the counterparty on most of the alleged insider trades, […]

Here We Go Again: Taiwan Raids Super Micro In AI Chip Probe Taiwan has intensified its efforts to stop advanced AI hardware from reaching China, carrying out raids at the local offices of Super Micro Computer and several businesses connected to an investigation into the movement of servers equipped with NVIDIA chips, according to Bloomberg. Investigators searched multiple business locations and the homes of six individuals as part […]

Trump Threatens ‘Big Problems’ For Gasoline Retailers If They Don’t Cut Prices Authored by Tom Ozimek via The Epoch Times, President Donald Trump on Tuesday demanded that gasoline retailers immediately lower prices at the pump, warning of “big problems” if they fail to pass along the benefits of falling crude oil prices to consumers. In an early-morning post on Truth Social, Trump said gasoline prices remain too high despite […]

JPMorgan Backs US Crypto Bill, But Puts Warning Label Front & Center As Senate Eyes August Deadline Authored by Micah Zimmerman via BitcoinMagazine.com, JPMorgan threw its support behind federal digital asset legislation Monday, but the bank’s message to Congress was as much a caution as an endorsement: get the framework right, or risk recreating the financial vulnerabilities regulation was designed to prevent. In a joint […]

Blackstone Sells Stake In Three Virginia Data Centers Amid Grassroot Outrage Up until now, when it comes to real estate, Blackstone was best known in recent years for dumping many of its trophy office properties – which in the aftermath of work from home never recovered their projected cash flow potential – at a huge discount. Now, it may be pulling a page from its old, pre-Lehman playbook  by calling the top in yet another […]

Apollo Chief Economist Delivers Scathing Rebuke Of AI, Finds Zero Margin Boost Outside Of Tech In his market note published this morning, Apollo’s chief economist Torsten Slok delivers a scathing review of the failure of AI to boost profit margins outside of tech… which of course is what AI is supposed to do since it is meant to boost productivity across the entire economy, not just a select group of chipmakers.  As Slok shows […]

Oman Is Playing Word Games On Iranian Tolls Through Strait: ‘Service, Environmental Fees’ Iran has remained on message in the last several weeks despite a few serious flare-ups in tit-for-tat fighting and missile and drone exchanges with US forces, also including Iranian strikes on at least two foreign shipping vessels which refused to heed Tehran’s ‘rules’. Hormuz will not return to its pre-war status, Iranian officials insist, […]

Deutsche Bank: Tesla’s Q2 Vehicle Deliveries Tracking Above Consensus Expectations Tesla could be on track to deliver a stronger than expected second quarter, according to a new research note from Deutsche Bank analyst Edison Yu and his automotive team. The firm now expects Tesla to report approximately 416,000 vehicle deliveries during the second quarter of 2026. That estimate is about 10,000 vehicles above the company compiled […]

Trump Suggests He May Not Sign Bipartisan Housing Affordability Bill Authored by Zachary Stieber via The Epoch Times, President Donald Trump indicated on June 29 that he may not sign a bill that Congress passed that aims to make housing more affordable. Trump told reporters at the White House in Washington that he has not decided whether to sign the housing bill, the 21st Century ROAD to Housing Act, which Congress approved in a […]

Democrat-Led States Sue Trump Administration Over Medicaid Work Requirement Rules Via American Greatness, A coalition of 25 Democrat-led states and the District of Columbia filed a lawsuit Monday challenging the Trump administration’s rules implementing new Medicaid work requirements. The suit claims the work regulations unlawfully restrict exemptions for medically vulnerable recipients. The lawsuit, filed in federal court […]

AeroVironment Erupts On “Asymmetric Warfare Boom” AeroVironment shares surged the most in nearly two decades in early trading after the defense contractor – best known for its loitering munitions and unmanned systems – reported stronger-than-expected fourth-quarter results and issued fiscal 2027 revenue guidance that topped Wall Street estimates tracked by Bloomberg. AeroVironment’s fiscal fourth-quarter revenue jumped 31% to $642 […]

Supreme Court Strikes Down Trump’s Birthright Citizenship Executive Order The Supreme Court on Tuesday struck down President Donald Trump’s executive order curbing birthright citizenship.  President Donald Trump signs an executive order in the Oval Office of the White House in Washington, D.C., on January 20, 2025. (Jim Watson/AFP/Getty Images) In a massive 194-page, 5-4 ruling, the Court affirmed a District Court ruling, […]

Another JOLT: Jobs Opening Smash Expectations, Despite Another Drop In Number Of Hires Another month, another whopping beat by the BLS JOLTS job openings report. One month after the April JOLTS report came out with a whopping 9-sigma beat to estimates, when it showed that in April the US added a whopping 731K job openings to 7.618 million (and up 520K from a year ago), smashing estimates of 6.9 million, moments ago the BLS reported […]

Supreme Court: States Can Ban Trans Athletes From Girls’ Sports The Supreme Court on Tuesday ruled that states can block biological transgender males from competing in girls’ sports. In a 6-3 ruling, the court gave an iron-clad answer to the question.  Writing for the majority in West Virginia v. B.P.J. (consolidated with Little v. Hecox), Justice Brett Kavanaugh held that neither Title IX nor the Equal Protection Clause […]

Conference Board Consumer Survey Signals Ugly Job Market, Weakest ‘Present Situation’ In Over 5 Years Amid a plethora of revisions (lower), The Conference Board’s measure of Americans’ Consumer Confidence rose very modestly in June (from 90.6 to 91.2 – a big miss on the headline print’s expectation of 94.4). However, while Expectations rose to their highest level of the year, the Present Situation tumbled to its lowest since March […]

Today Will Or Won’t See A US-Iran Meeting In Doha Which Will Be “Perhaps Important, Perhaps Not” By Michael Every of Rabobank Build ’em up or Burnham down? In typical form, today will or won’t see a US-Iran meeting in Doha; which will be ‘perhaps important, perhaps not’; and either discussing the MoU or unfreezing $6bn of Iranian assets. So, the ‘peacefire’ continues, as expected, but with little chance this holds […]

“Right Above The Cockpit”: Drone Strikes JetBlue Plane On Final Approach To JFK JetBlue Airways Flight 948 reportedly struck a small drone while the narrow-body aircraft was in the traffic pattern on final approach to John F. Kennedy International Airport in New York City. JetBlue pilots reported striking a drone earlier today as they approached New York – JFK Airport at ASALT, the waypoint in the center of the video, about […]

US-Iran Have Delegations In Qatar, But No Direct Talks; Hormuz Energy Transit Rebounds – Oil Down Near Prewar Levels The Witkoff-Kushner delegation is now confirmed to be in Doha, and yet in its latest official statement Iran’s foreign ministry has made clear the Iranian side has no plans to meet US officials “at any level in the next few days.” “What will probably be done in Doha tomorrow is a discussion on the implementation of […]

Obamacare Enrollment Drops By 3 Million; Experts Disagree On Cause Authored by Lawrence Wilson via The Epoch Times, Obamacare enrollment declined by nearly 3 million in 2026, sparking renewed debate about the affordability of healthcare in America. National politicians and policy experts disagreed on the reasons for the dip in enrollment, with some saying that it was driven by rising premiums.  Others said the decline was […]

US Home Prices Drop For 3rd Straight Month Home prices in America’s top 20 cities were expected to fall MoM for the 3rd straight month in April (the latest reported data from S&P Cotality Case-Shiller) and they did… but only marginally. Prices fell 0.04% MoM in April (less than the 0.10% decline expected), but the annual change rose modestly from +0.88% YoY to +1.14% YoY… Source: Bloomberg “Monthly price movements show […]

Stock Futures Flat As S&P Closes Out Best Quarter In 6 Years US index futures erased an earlier gain following some belligerent Iran headlines, but are still set to end a quarter that is set to be the S&P 500’s best in six years with markets behaving as though period-end dynamics have now completed. As of 8:30am, the S&P 500 was flat, pointing to a calm finish for the index that has surged 14% since the beginning of […]

Manhunt After Monaco Bombing Severely Wounds Ukrainian Oligarch In ‘Attempted Assassination’ Monaco has been shaken by an apparent assassination attempt on a Ukrainian-born business tycoon by parcel bomb on Monday – something unprecedented in the normally ultra-safe principality. Authorities have described that a suspect, who is now on the run, had left a mail package in the lobby of a residential building that detonated around […]