Meta Ordered To Pay $567 Million In New Mexico For Children’s Mental Health Fund A New Mexico state judge on Aug. 6 ordered Meta to pay $567 million into a fund dedicated to remedying the harm caused to children’s mental health by the company’s social media platforms. Meta is the parent company of Facebook, Instagram, and WhatsApp. State judge Bryan Biedscheid said in a 68-page order that most of the total youth mental health […]

Wall Street Crowns First Solar As Clear Winner After Trump’s Polysilicon Tariffs Create “Structural Floor” For Industry Solar stocks are shining in premarket trading in New York after the Trump administration announced a new 15% tariff and a price floor on imports of polysilicon derivatives, including silicon wafers, photovoltaic cells, and solar modules. The move is intended to secure the domestic solar supply chain after years of […]

Exit Narrative Begins: Trump’s Muted Response To Hormuz Deal Suggests The ‘Declare Victory & Leave’ Moment Is Here President Trump’s latest Iran comments came Thursday night, after a prior day wherein Iran and Oman unveiled their ‘finalized’ Hormuz management scheme, which most notably includes a ban on all US and Israeli vessels in the energy transit waterway.  As we reviewed earlier, the White House has appeared to genuinely […]

Houston, We Have A (Data) Problem… Authored by Peter Tchir via Academy Securities, Normally, you can find some parts of the job report that “fight” against the headline. That somewhere in the details is a potentially different narrative. Maybe it’s because I’m lazy on a summer Friday, but difficult to see what it is in this report. But let’s start with the most important point Instead of worrying about Warsh, what […]

Islamic Society Sues City Over Rejection Of Mosque Proposal Authored by Tom Gantert via The Epoch Times, The Islamic Society of Tulsa has filed a federal lawsuit against the City of Broken Arrow, Oklahoma, and four individual city council members after the city denied its request to build a mosque and Islamic community center. The suit, which was filed on Aug. 3, alleges the denial violated the U.S. Constitution, the federal […]

Bonds & Bullion Jump, Dollar Dumps As Rate-Hike Odds Slump After Payrolls Miss As we noted in our preview, today’s payrolls print was indeed “bad news is good news” as the surprise five-sigma miss (-23k) on payrolls (albeit with a drop in the unemployment rate) sent rate-hike odds reeling lower… “History doesn’t repeat, but sometimes it rhymes. For the third time in as many years, July jobs data saw a mid-summer loss of […]

Winter Is Coming: Europe Faces Twin Diesel And NatGas Crunch Samantha Dart, co-head of global commodities research at Goldman Sachs, began the week by telling Bloomberg TV that the global diesel-supply crunch is “what keeps her up at night.” She followed up Wednesday with a client note warning that European natural gas storage levels are also lagging the seasonal average ahead of the winter heating period. Benchmark TTF futures […]

July Jobs Shock: US Lost 23K Workers, Below Lowest Estimate, As Unemp Rate Drops To 4.1% Ahead of today’s jobs report, in our payrolls preview we warned that “July Has Emerged As A Very Poor Month For Jobs” and boy were we right: moments ago the BLS reported that in July, the US labor force shrank by a whopping 23K, sharply lower from a downward revised 20K in June (from 57K), and the worst print since the negative 156K in […]

Saudi Arabia, Turkey, Pakistan Sign Islamic NATO-Style Defense Pact Amid Iran War On Friday Saudi Arabia, Turkey and Pakistan signed a major defense agreement as leaders gathered in the city of Makkah, Saudi Arabia. It seeks to strengthen joint deterrence and expanding defense cooperation, the Saudi Press Agency reported. It is essentially a NATO-style agreement for the ‘Muslim world’ – given that it stipulates and formalizes […]

Can Sam Altman Be Trusted Inside Your Home? Meet OpenAI’s New Always-On Smart Speaker Trust remains OpenAI’s biggest problem. Sam Altman’s public feud with Elon Musk, combined with Apple’s allegations that OpenAI stole trade secrets, has only intensified concerns surrounding the company’s leadership and governance. Amid this glaring trust issue, OpenAI now wants to place what Bloomberg describes as “essentially a smart speaker […]

Futures Rise Ahead Of Closely Watched Jobs Report US futures grind higher in a European session devoid of newsflow ahead of nonfarm payrolls. As of 815am ET, S&P futures rose 0.2% while Nasdaq futures gained 0.4%, with some of yesterday’s beaten up tech names such as Sandisk and Western Digital getting some reprieve in the premarket. Asian stocks swung between a loss of as much as 0.5% and gain of 0.4%. South Korea’s Kospi […]

Global Food Prices Hit Three-Year High As War, Chokepoint Chaos And El Nino Spark Perfect Storm The UN Food and Agriculture Organization’s Food Price Index climbed to a three-year high in July, extending its upward trajectory as conflicts across Eurasia (the Black Sea and the Hormuz chokepoint) disrupt critical trade routes and mounting El Niño risks threaten global harvests. The United Nations Food and Agriculture […]

Meanwhile, In England… Idiocy Knows No Bounds Authored by Steve Watson via Modernity News, Mindless arson for online clout is torching farmers’ livelihoods across England. Hay and straw stacks – vital winter feed and hard-earned harvest – are being deliberately set alight in a suspected TikTok challenge that treats the countryside like disposable content. West Mercia Police have circulated an urgent warning to farming groups […]

$109,796 In Earnings Needed To Afford Typical US Home The income needed in order to purchase a typical home for sale in the United States in June was $109,796, marginally lower than the record high $110,382 in 2025, real estate brokerage Redfin said in an Aug. 5 report. Housing affordability has remained largely flat year over year since monthly housing costs and people’s incomes are growing at a similar rate, Redfin said. […]

Indian Refiners Continue West Africa Crude Buying Spree By Tsvetana Paraskova of OilPrice.com India’s state-run refiners continue their buying spree of crude from West Africa as the Middle East crisis has sapped supply and made deliveries uncertain. In one of the latest purchases via a tender, India’s state-owned refiner Hindustan Petroleum Corporation Limited (HPCL) has acquired 2 million barrels of Nigerian crude oil from […]

IRGC Strikes ‘Hostile Targets’ In Hormuz As Iran Declares Oman Deal Bans US Vessels From Strait Summary Explosions heard near Qeshm island – Iran says it struck ‘hostile targets’. Iran parliament reviews draft Hormuz plan banning US- and Israel-linked vessels, oil rises Houthis intensify attacks on Saudi oil shipping in the Red Sea. Yemen fighting escalates amid reports of major casualties. Iran-Oman talks continue as US backs […]

How The World Views China Vs The US In 2026 The United States and China are the world’s two preeminent superpowers, but views of them vary widely by country. This visualization, via Visual Capitalist’s Gabriel Cohen, compares approval ratings for Beijing and Washington using survey results from more than 42,000 respondents across 36 countries. The survey was conducted in February 2026 by the Pew Research Center. China Now […]

“Promises Are Fairy Tales”: NATO Will Not Accept Ukraine Authored by Lucas Leiroz de Almeida via GlobalResearch.ca, Apparently, the prospect of Ukraine joining NATO is increasingly being dismissed as unrealistic. Even the regime’s most hardline officials seem to have lost hope regarding Kiev’s accession to the Western military alliance, considering that such a move does not serve NATO’s current strategic interests.    In […]

Cambridge’s Black Time-Travelling Professor (And His Many Superhuman Feats) Authored by Mark Collett, Running a single marathon is a great achievement. Running 30 marathons is a spectacular feat. Running 30 marathons in 35 days is something only a world-class athlete could achieve. But running 30 marathons in 35 days, and running the final nine of those marathons with a broken leg – that’s an impossible feat that would require […]

Zelensky To Make First-Ever Visit To Serbia, In Symbolic ‘Slap In The Face’ For Russia Serbia is set to host Ukraine’s President Volodymyr Zelensky, in a major first of the war which could set off serious diplomatic tensions with Russia, a longtime Serbian ally and ‘friend’. Zelensky will arrive on this first-ever trip on Saturday, August 8, according to Ukrainian officials, despite that Serbia – as a Slavic and Orthodox Christian […]

If This Is Real, We Are Cooked… Authored by Steve Watson via Modernity News, Footage circulating purporting to be from the North African desert shows what looks like an enormous column of sub-Saharan African men moving under escort. Some estimates put the number at a hundred thousand. Commentators claim Algerian military vehicles and personnel are shepherding them toward the coast. If the scale and direction prove accurate, […]

Are You Ready For The “Rogue AI” Psy-Op? Authored by Kit Knightly via Off-Guardian.org, The AIs are breaking free, that’s the story. It started two weeks ago, when OpenAI reported one of their “agents” had escaped its testing area and got loose on the internet to launch an “unprecedented cyber attack”. This was clearly meant to be scarier than the public response indicated, because a few days later OpenAI CEO Sam […]

The Vanishing Art Of Presence Authored by Joseph Varon via Brownstone Institute, Medicine is always changing. In my career, I have seen intensive care units go from simple rooms with oxygen, monitors, and clinical intuition to places where artificial intelligence can predict problems before we notice them, bedside ultrasound helps us avoid guessing, and robotic systems help surgeons work with great precision. Telemedicine now lets […]

Trump Signs Orders To Curb Birthright Citizenship, Target Birth Tourism President Donald Trump signed two executive orders Thursday that will restrict automatic citizenship to ​children born in the United States because of commercial birth tourism and several other factors. One of the measures bans birth tourism, the practice of traveling to the United States on a tourist visa with the intention to have a child that is given […]

Judge Says Updated National Firearms Act Violates Constitution Authored by Michael Clements via The Epoch Times, A federal judge ruled on Wednesday that the registration and approval requirements for suppressors, short-barreled rifles, and short-barreled shotguns in the National Firearms Act (NFA) are unconstitutional. In the case of Silencer Shop Foundation v. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), U.S. […]