Take-Two Shares Jump As ‘Grand Theft Auto VI’ Pre-Orders Open Next Week Take-Two Interactive Software shares jumped early in the cash session after the company announced on X that pre-orders for Grand Theft Auto VI will open next Thursday. The move is easing investor concerns that the highly anticipated game could face another delay, reinforcing expectations that Rockstar Games remains on track for its Nov. 19 launch date. […]

RFK Jr. Announces More Than $700 Million To Target Mental Illness, Homelessness Authored by Zachary Stieber via The Epoch Times, The Trump administration is going to spent more than $700 million on programs aimed at reducing drug addiction, homelessness, and mental illness, Health Secretary Robert F. Kennedy Jr. said on June 17. Health Secretary Robert F. Kennedy Jr. in Washington on May 18, 2026. Kent Nishimura/AFP via Getty […]

Amazon In Talks To Sell Its Trainium AI Chips To Other Firms, In Challenge To Nvidia Dominance Amazon is in talks to sell its custom-made Trainium AI chips for use in other companies’ data centers, Bloomberg reports, noting this “represents a key expansion of its efforts to cut into Nvidia’s dominance”, although a less optimistic read is that the company does not have enough demand or capacity to use the chips for its own uses. […]

Forward Guidance Is Gone By Philip Marey, senior US strategist at Rabobank Summary As widely expected, the FOMC kept the target range for the federal funds rate unchanged and dropped its easing bias. However, this unanimous decision was announced in an unusually short statement. What’s more, at his first press conference as Fed Chair Kevin Warsh terminated forward guidance. However, the Summary of Economic Projections had […]

Bullish Or Bearish Into Year-End? BITG & Fundstrat To Face Off S&P 500 and Nasdaq remain near record highs despite yesterday’s post-Fed freakout. Risk-on is still in fashion as investors remain hopeful of a lasting U.S.-Iran peace. Though the question remains: Is the rally sustainable or are markets poised for a painful reversal before year-end? Tonight at 7pm ET, Adam Taggart of Thoughtful Money hosts a debate between […]

US-Iran MOU Eases Energy Prices But Faces Sharp Pushback From Israel And GOP Hawks Summary: $6B of unfrozen Iran funds will be used to buy US goods The US and Iran signed a preliminary cease-fire agreement at the G7 summit in France. Energy prices fell as some Saudi supertankers resumed crossing the Strait of Hormuz. The deal includes a $300 billion private reconstruction fund and temporary Iranian oil export waivers. Iranian […]

Centrus Jumps On Deal To Supply Oklo With Domestically-Produced Uranium Centrus Energy continues to solidify its role as a cornerstone of America’s emerging advanced nuclear sector, today announcing a letter of intent with Oklo to provide domestically produced high-assay low-enriched uranium (HALEU) for the company’s next generation of nuclear reactors, according to a release from the company’s website. Shares the domestic […]

Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia Summary: Kuwait Petroleum CEO says Energy Production to Ramp in a Week  Iran Media says Southern Ports Traffic Begins Normalizing  Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia Searching For Hormuz Normalization Signals  Attention on institutional desks is […]

The Treaty Of Versailles By Michael Every of Rabobank Yesterday, President Trump signed the US-Iran MoU in Versailles. It’s not a treaty, but the parallel with the one signed by Germany there on June 28, 1919, is notable: post-WW1, French Marshal Foch is widely credited with saying, “This is not a peace. It is an armistice for twenty years,” because he saw it as too lenient on the loser of that war. ‘Bravo’ says Macron […]

Accenture Crashes Most On Record As AI Threatens Consulting Demand Accenture shares crashed by the most on record in premarket trading on a confluence of issues. First, the company’s fourth-quarter revenue outlook missed Bloomberg consensus estimates and third-quarter bookings declined, reinforcing investors’ belief that consulting demand is declining in the era of AI adoption across corporate America, which is wreaking havoc in the […]

Both Parents Work Full-Time In Majority Of Families, Census Data Show Authored by Zachary Stieber via The Epoch Times, Both parents work full-time in more than half of couples with children under 18, according to newly analyzed data. Fifty-two percent of couples comprised of a mother and father work full-time jobs as of 2025, according to the Pew Research Center analysis of data from the U.S. Census Bureau released on June 16. […]

“The Impact was Devastating”: Chicago’s Cross-Burning Was Set By Liberal, Anti-Trump Protester Authored by Jonathan Turley, After the Southern Poverty Law Center scandal of actually funding and encouraging racist protests, it appears that at least one individual has created his own orchestrated racist incident. In Chicago (where Jussie Smollett committed his infamous racist hoax), a burning cross was denounced by Mayor Brandon […]

Energy Cliff, Supply Chain Shock: The Toxic Cocktail Behind The Urgent Push For An Iran Deal The U.S.-Iran interim peace deal has been signed, and the normalization of the Strait of Hormuz is now beginning. Tanker traffic through the critical waterway is slowly resuming, though a full return to pre-war or near-pre-war energy flows could take months. But behind the urgency to get the memorandum of understanding deal across the […]

Continuing Jobless Claims Hit 3-Month-Highs The number of Americans filing for unemployment benefits for the first time fell from 230k (4 month highs) to 226k (vs 225k exp) last week – elevated but still within the range of the last four years… Source: Bloomberg Pennsylvania and Oregon saw the largest rise in initial claims last week while Ohio and Illinois saw the biggest decline… Meanwhile, continuing jobless claims […]

Futures Rise, Oil Drops As Market Prices In Iran Deal For Yet Another Day Futures rebounded from the post-FOMC selloff, and oil prices fell as Trump signed the Iran MOU two days early to end the war in the Middle East (in the symbolic Palace of Versailles of all place) and some energy shipments began to transit the Strait of Hormuz. As usual, tech led the parade higher. As of 8:00am ET, S&P futures were up 0.6%, but off […]

Speculation About A SpaceX–Tesla Merger Is Already Growing SpaceX’s record-breaking IPO has fueled speculation that Elon Musk could take an even bigger step: merging SpaceX with Tesla to create a roughly $4 trillion technology conglomerate spanning rockets, AI, satellites, electric vehicles, robotics, energy, and social media, according to a new report from the New York Times.  The idea has gained traction among investors, […]

Congress Reaches Deal On Housing Bill With CBDC Ban Until 2030 Authored by Jesse Coghlan via Cointelegraph, reviewed by Felix Ng. The US House and Senate have reached a deal to move forward with a housing bill that includes a ban on the Federal Reserve creating a central bank digital currency (CBDC) until 2030. A bipartisan group of House and Senate leaders released an updated version of the 21st Century Road to Housing Act on […]

“The Situation Has Become Unsustainable”: Apple To Hike Prices To Offset Soaring Memory Costs Up until now, Americans primarily hated the flood of data centers popping up around the country like mushrooms (at least those that haven’t been canceled or delayed due to regulatory pushback, lack of electricity or outright hostility) because of surging electricity prices and the rising tide of unemployment as chabots gradually make […]

Massive Ukrainian Drone Swarm Attack On Moscow Hits Refinery While attention this week has been fixed on the lower part of Eurasia, where the U.S. and Iran have finally signed an interim peace deal to reopen the Strait of Hormuz and begin normalizing tanker flows through the critical waterway, the other major conflict area in Eurasia is flashing new warning signs. Overnight developments in the Russia-Ukraine war suggest the […]

Trump And Iran Sign MOU Deal Ahead Of Schedule Summary: The US and Iran have remotely signed their memorandum of understanding to end the war and open the Strait of Hormuz ahead of schedule, and the agreement is now in effect, Axios reports. Trump admits energy stockpiles “run out in about four weeks”  MoU signing could be As Early As Today  Trump Says Will “Drop Bombs” If Bad Final Deal  14-Point US-Iran Draft Deal […]

Ryan Cohen’s Massive $35 Billion Pay Deal Draws Shareholder Lawsuit A GameStop shareholder has taken the company to court in an effort to delay a July vote on Ryan Cohen’s proposed $35 billion pay package, arguing investors aren’t getting the full story before being asked to approve it, according to Yahoo Finance.  The lawsuit accuses GameStop’s board of repeatedly changing the voting process in ways that could tilt the outcome […]

ECB: Iran Peace Deal Won’t Erase Europe’s Energy Price Shock By Tsvetana Paraskova of OilPrice.com Europe will have to contend with the energy price shock for months despite the tentative U.S.-Iran agreement to end the war and reopen the Strait of Hormuz, European Central Bank (ECB) officials said this week. The ECB last week raised key interest rates for the euro area for the first time since 2023 as the Middle East conflict […]

Ferrari Reportedly Tells Buyers To Buy Unpopular Luce To Move Up On Wait List Ferrari is reportedly using its first-ever EV, the Luce, a €550,000 model that looks more like a cross between a Tesla and a Kia, as a loyalty test inside its highly coveted allocation system. Ferrari’s allocation system is a notoriously exclusive, invitation-only process managed directly by the factory in Maranello. Rather than using waitlists, Ferrari […]

Too Young For TikTok, Old Enough To Vote? Authored by Clive Pinder via DailySceptic.org, There are few sights more comic than a modern minister pretending to be the stern parent of the nation. We know the routine. The concerned expression. The voice lowered half an octave. The carefully arranged background of flags, earnest young people and laminated safeguarding jargon. Then comes the announcement. The government is going to […]

Barnacle Scrapers Cash In As Persian Gulf Shipping Bottleneck Eases Demand for commercial divers who clean ship hulls has surged as vessels stranded in the Persian Gulf prepare to leave following a tentative US-Iran peace agreement reopening the Strait of Hormuz, according to Bloomberg. According to Captain Manandeep Singh Kukreja of Prominence Shipping Services, requests for hull-cleaning crews have increased more than 30-fold […]