ZeroHedge Debate: Sankey Predicts 2028 Oil Futures Will Feel The Pain Soon The damage inflicted on global energy infrastructure during the Iran war could have consequences lasting well beyond the conflict itself, according to veteran energy analysts Paul Sankey and Arjun Murti, who joined Erik Townsend for last night’s ZeroHedge Debate. An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China […]

CVS To Pay $315 Million Over Claims It Filled Unlawful Opioid Prescriptions Authored by Kimberly Hayek via The Epoch Times, CVS Pharmacy Inc. and related entities agreed Tuesday to pay $315 million to resolve Justice Department allegations that the company illegally filled opioid and other controlled-substance prescriptions and billed many of them to Medicare and other federal health programs. The sum settles claims that the […]

Former Gang Leader Sentenced To 40 Years To Life In Tupac Shakur Murder Authored by Savannah Hulsey Pointer via The Epoch Times, A former gang leader was sentenced to 40 years to life in prison on Tuesday for his part in the 1996 death of rapper Tupac Shakur. Duane “Keffe D” Davis, 63, faced the potential of life without the possibility of parole after he was convicted of orchestrating the drive-by shooting that killed the […]

Trump Touts Taiwan-Alaska LNG Deal Offering Decades Of Conflict-Free Supply Beyond Hormuz The Gulf area conflict is rewiring global energy supply chains, with Taiwan turning to Alaska for long-term, conflict-free liquefied natural gas supplies.  President Trump touted the latest development on Truth Social, saying Taiwan had agreed to purchase 30% of a planned Alaska LNG project’s output for two decades and invest an additional […]

Hillary Clinton Launches Political Podcast Ahead Of Midterm Elections Authored by AG News Staff via American Greatness, Former Secretary of State Hillary Clinton is returning to the political spotlight with a new podcast alongside former CNN host Kara Swisher, just weeks before the November midterm elections. Clinton, the Democrats’ unsuccessful 2016 presidential nominee, announced Tuesday that she will co-host “High Stakes,” a […]

Can Lasers Beat Drone Swarms? The Pentagon Is About To Find Out Authored by Alex Kimani via OilPrice, The enormous expansion of drone warfare is forcing militaries to reconsider how much ammunition they can afford to fire at relatively cheap targets. The Pentagon is betting that some of that ammunition can be replaced with electricity, selecting four directed-energy systems for operational testing at five U.S. military bases. […]

Royal Found Passed Out After Cocaine Binge As Toddler Wanders Toward Traffic A member of one of the world’s wealthiest royal families was found passed out on a busy London street after a cocaine binge while a barefoot toddler wandered dangerously close to traffic, a British court has heard. Mahrah Al Nahyan at Southwark Crown Court, where she admitted a count of child neglect (The Times)Mahrah Al Nahyan, 32, a member of Abu Dhabi’s […]

‘Malicious Intent’: OpenAI CFO Warns Companies Against ‘Cheap Chinese AI Models’ Due To Safety Risks And there it is…  OpenAI Chief Financial Officer Sarah Friar warned businesses on Wednesday that adopting low-cost Chinese artificial intelligence models carries material cybersecurity risks, telling Bloomberg that firms should prioritize Western models “on the cyber front.” “We think you want to be on more Western models, […]

Two Emirati Ships Sink In Hormuz In Under 24 Hours As IRGC Claims 5-6 Vessels Targeted Nightly Update(1240ET): While dozens of ships have come under attack by Iran in the Hormuz Strait and nearby areas since the war began, resulting in damage and fires aboard vessels, it remains much more rare for a tanker to sink at a total loss. However, the WSJ has confirmed Wednesday that two have completely sunk in the last 24 hours, the first […]

Judge Extends Order Allowing News Agencies White House Access Authored by Stacy Robinson via The Epoch Times, A federal judge has extended his order forbidding President Donald Trump from excluding certain media outlets from accessing the White House. U.S. District Judge Timothy Kelly issued a memorandum opinion on Oct. 13 granting a preliminary injunction sought by CNN, MS NOW, and Politico to maintain the block on the […]

Ukraine Attacks Two More Refineries After Trump’s Proclaimed ‘Energy Ceasefire’: Kremlin The Kremlin on Wednesday indicated that work on the Trump-proposed energy truce with Ukraine is continuing, but in contradiction with recent Trump proclamations did not treat it as any kind of done deal currently in effect. President Trump in a late in the day Monday exchange with reporters said that Ukrainian President Volodymyr Zelensky and […]

Anthropic Opens Its Books To Wall Street As OpenAI’s $20 Billion “Gross-Net” Hole Hangs Over AI Trade One number. That is what an entire equity complex, by now worth tens of trillions across public and private markets, is waiting for today in San Francisco. As Bloomberg first reported, Anthropic invited a select group of institutional investors to its headquarters for a closed-door session with senior leadership ahead of what could […]

“Flashing Red”: Rate-Hike Odds, Bond Yields Explode Higher After Hotter-Than-Expected CPI Tl;dr: “This inflation report is flashing red for the Fed,” according to Olu Sonola, Head of US Economics at Fitch Ratings. “Energy pushed the headline number higher, as expected, but the real problem is that core inflation remains stuck above 3%. Higher energy costs are beginning to seep into broader services prices, increasing the risk that […]

Cornell Bans Fraternity Parties Amid Gang Rape Allegations Authored by Jackson Richman via The Epoch Times, Cornell University has banned parties at fraternity houses for the rest of the academic year amid a reopened investigation into an alleged rape on campus two years ago. In an Oct. 13 statement, the university’s president, Michael Kotlikoff, said “all parties and social events in Interfraternity Council (IFC) houses at […]

Netflix Makes Biggest Workforce Cut Since 2022 Following our reporting earlier this week that Netflix was preparing its first major workforce reduction since 2022, The Wall Street Journal reported Wednesday morning, right before the US cash session, that the company is cutting 6% of its staff, or roughly 1,000 positions. WSJ obtained an email that Co-CEOs Greg Peters and Ted Sarandos sent to employees earlier this morning, […]

Nation’s Largest Power Grid Declares Emergency As Hot Temps Collide With Maintenance Shutdowns A short-lived heat blast across the Midwest and Mid-Atlantic overlaps with scheduled power plant shutdowns for seasonal maintenance on PJM Interconnection’s grid, which serves 67 million people from the Mid-Atlantic to Chicago. PJM was forced to declare a low-level emergency for Tuesday and Wednesday as 60 gigawatts of capacity remained […]

Houthi Missile On Riyadh Wounds Residents, As IMF Chief Warns Of Spillover ‘For Everybody, Everywhere’ Wednesday has witnessed another Houthi ballistic missile attack targeting Saudi Arabia’s capital. The kingdom’s civil defense spokesman has confirmed bystanders were injured when missile debris from an inbound rocket fell after it was intercepted over Riyadh. “The incident resulted in injury to an Arab resident and limited […]

Bill Gates Fearmongers “Grim” AI Cyberattack Surprises Authored by Steve Watson via Modernity.news, Bill Gates returned to the Sunday-show circuit this week with a fresh round of alarms about artificial intelligence, telling CNN’s Jake Tapper that the technology is “more dangerous than any” cars, planes, or drugs and that “grim possibilities” await if society fails to maintain control. Speaking on State of the Union, the […]

$20 Billion In Suspicious Biden-Era Climate Grants Remains Frozen As Trump Administration Eyes Supreme Court Fight Authored by AG News Staff via American Greatness, A $20 billion Biden-era climate grant program remains frozen despite a federal appeals court ruling against the Trump administration’s efforts to cancel the funding. The case could wind up at the Supreme Court in a showdown over taxpayer spending and executive […]

London Police Chief: DEI Is An “Operational Necessity” Authored by Steve Watson via Modernity.news, Metropolitan Police Commissioner Sir Mark Rowley has accused critics of diversity, equity and inclusion policies of fuelling “toxicity” while launching a fresh recruitment drive focused on black and Asian applicants. Writing in The Guardian, Rowley declared that the force “cannot police London effectively if we fail to recruit […]

“I’ll Be Short Whole Year”: Paul Tudor Jones Warns Of Looming Dot-Com Style Equity Supply Tsunami Paul Tudor Jones appeared on CNBC’s “Squawk Box” earlier this morning and warned that corporate buybacks and mergers and acquisitions, which have fueled the four-year bull market, are nearing an inflection point and could reverse next year. “2027 is going to be really, really challenging for the stock market,” Jones, the founder and […]

Futures Rise Ahead Of Hot CPI As Houthis Torch Aramco HQ, ASML Beat Fails To Revive Chip Trade US futures are higher, with small caps leading and tech lagging, as traders brace for what is expected to be the hottest monthly CPI print since the spring, digest more escalation in the Gulf after Yemen’s Houthis hit Saudi Aramco’s Dhahran headquarters and vowed more strikes on Saudi airports and oil facilities, and count down to […]

Pope Leo XIV Diagnosed With Cancer As Doctors Remove Part Of His Lung Authored by Jill McLaughlin via The Epoch Times, Pope Leo XIV was diagnosed with lung cancer following surgery to remove a section of his lung on Oct. 13, the Vatican announced. Surgeons removed the lower lobe of the pope’s right lung during the 90-minute procedure and examined it during the operation. The pope was diagnosed with “lung adenocarcinoma,” a […]

Bank Of America Tumbles After Trading Miss Across The Board Last night we said Bank of America would use its brand new and “unexpected” $1.2 billion (non tax-deductible) money-laundering penalty as cover for an ugly quarter. This morning it tried to do just that. Just hours after Treasury fined the bank more than $1.21 billion for willfully failing to report over $5 billion in suspicious transactions (and for having “prioritized […]

Saudi Arabia Planning To Bypass Hormuz With Massive Expansion Of Oil Pipeline Saudi Arabia plans to lift the East-West pipeline’s capacity to 10 million barrels per day within two to three years, Energy Minister Prince Abdulaziz bin Salman said at the WPC Energy Congress in Riyadh, as the kingdom works to keep its crude moving around a closed Strait of Hormuz. The line has become Riyadh’s main export route. Saudi Arabia has used […]