Mullin Blasts Biden Admin After DHS Employee Killed By Naturalized Felon On Monday, Lauren Bullis, a 40-year-old Department of Homeland Security (DHS) employee, was “brutally shot and stabbed to death” while walking her dog, and DHS Secretary Markwayne Mullin is blaming the Biden administration for her murder. Olaolukitan Adon Abel (left) and Lauren Bullis (Photos: DHS) Bullis, an auditor with the DHS Office of Inspector General, […]

White House: ‘Era Of Amnesty Is Over’ Authored by Catherine Salgado via PJ Media, “No more activist judges shielding criminal illegals. No more endless delays. Only results.” The Trump White House is celebrating multiple massive immigration enforcement wins that signal the era of mass migration and mass amnesty is over. AP Photo/Gerald Herbert Since Donald Trump came back into office, federal authorities have removed three […]

Beige Book Confirms Uncertainty, Fuel Costs Surged On Iran War As Economy Grew At “Slight To Modest” Pace US economic activity continued to increase at a “slight-to-modest” pace across most regions as the war with Iran generated a new wave of uncertainty and higher energy costs, the Federal Reserve said. The just released Beige Book – which featured information compiled by the New York Fed and collected through April 6, capturing […]

Russia Vows To ‘Fill China’s Energy Resource Gap’ Amid Hormuz Crisis In Lavrov-Xi Meeting At a moment it remains a serious open question over just how vulnerable China is to the Hormuz Strait crisis, and now with the US-imposed US naval blockade of the vital oil transit waterway, Russian Foreign Minister Sergey Lavrov is in Beijing pledging energy support to China.  Lavrov met with President Xi Jinping on Wednesday, during which […]

Tax Freedom Day Underestimates How Long You Work For The Government Authored by Jonathan Newman via The Mises Institute, Tax Freedom Day, calculated by the Tax Foundation, “represents how long Americans as a whole have to work in order to pay the nation’s tax burden.” It appears that they stopped publishing this in 2019, but others have picked up where they left off. The idea is that the income earned by taxpayers over […]

Iran Halts All Petrochem Exports While Official Signals Compromise Strait Passage Opening, As Negotiators Cite ‘Progress’ Summary The Iran war is “very close to over” with authorities in Tehran eager to agree a peace deal, Trump says, adding: “We’ve beaten them militarily.” Axios cites ‘progress’ toward framework to end war. Iran state media says halt to all petrochemical exports, RTRS cites possible compromise on strait […]

Iran War Leads To Fluoride Shortages For Some US Water Utilities Authored by Zachary Stieber via The Epoch Times, Multiple water providers have lowered the amount of fluoride they add to water for millions of Americans, amid shortages stemming from the U.S.–Iran war. The Baltimore City Department of Public Works said on April 13 that it is reducing the level of fluoride from 0.7 milligrams per liter (mg/L) to 0.4 mg/L. The […]

Iran Used Chinese Spy Satellite To Target US Bases During War, Outraged Beijing Denies Iran quietly secured a Chinese spy satellite in late 2024 and used it to track US military bases across the Middle East during the current war, the Financial Times has newly – an allegation Beijing has flatly and angrily denied. The TEE-01B satellite, built and launched by Chinese firm Earth Eye Co, was allegedly taken over by the Islamic […]

Watch: Vance Pledges Probe Into Epstein ‘Pizza’ And ‘Grape Soda’ References Authored by Steve Watson via Modernity.news, Vice President JD Vance has publicly committed to investigating references in the Jeffrey Epstein files that he says evoked the Pizzagate conspiracy theory, citing emails mentioning “pizzas or grape sodas” in odd contexts. His remarks come as Acting Attorney General Todd Blanche doubled down on the […]

Foggy, Foggy War By Michael Every of Rabobank With US stocks up, the Nasdaq with its longest winning streak since 2021, and screen oil down for a second day in a row, markets continue to price the starkly binary physical outcomes smack in front of us on the side that’s full of stardust. The IMF just warned of a potential world recession ahead if Hormuz stays shut. Its latest three global growth scenarios are ‘weaker’, […]

Eos Energy Soars As Investors Focus On Zinc Batteries And AI-Driven Demand Eos Energy Enterprises’ stock jumped over 60% in the last few days as investor enthusiasm grew around its scaling production and role in powering AI-driven infrastructure demand, according to the International Business Times. The company designs, develops, manufactures, and markets energy storage solutions for utility-scale, microgrid, and commercial and […]

BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up The national average for 87-octane gasoline has remained above the politically sensitive $4-a-gallon level for two straight weeks after the largest monthly jump in AAA data going back two decades. The fuel shock has Wall Street analysts focused on whether surging pump prices will begin crowding out discretionary spending. Bank of America CFO Alastair […]

OpenAI’s Stratospheric Valuation Draws Investor Scrutiny As It Scrambles To Capture Enterprise Market OpenAI, fresh off the largest private fundraising round in history, is facing mounting questions from some of its own backers over its $852 billion valuation and a whiplash-inducing pivot in strategy that prioritizes the higher-margin enterprise market at the expense of its consumer crown jewel – all because Anthropic is starting […]

Jet-Ski Maker Crashes Most On Record As “Mind-Blowing” Tariff-Hit Sparks Worst-Case Scenario Fears BRP’s US-listed shares crashed the most on record as the US cash session began, after the jet ski and snowmobile maker withdrew its financial outlook. The company warned that changes in the US tariff environment surrounding steel, aluminum, and copper could result in a $500 million hit before any mitigation efforts. BRP wrote in a […]

WTI Rises After Big Inventory Drawdowns Across Energy Complex, Huge SPR Drop, Record Exports Oil largely held onto a sharp drop from this week’s highs as the US and Iran seek further talks to end a war that has brought the vital Strait of Hormuz waterway to a near-halt. President Trump told a Fox Business anchor he sees the war “very close to over” and told ABC “you’re going to be watching an amazing two days ahead.” […]

Good Riddance, Pattern Day Trade Rule  Submitted by QTR’s Fringe Finance The Pattern Day Trader rule was one of those regulations that managed to sound official, responsible, and protective while being, in practice, deeply confusing and almost comically out of touch with how people actually learn to trade. And now, it looks like it’s finally on its way out the exit. Crypto News wrote today: The U.S. Securities and Exchange […]

Bank of America Jumps On Record Equity Trading Revenue, Net Interest Income Forecast Increase, Offset By FICC Miss Following stellar equity trading results from Goldman and JPMorgan, this morning Bank of America reported that its traders also pulled in the business’s highest quarterly revenue in more than a decade, riding a wave of volatility that pushed the firm’s stock-trading desk to an all-time record. Bank of America said […]

US Prosecutors Make Surprise Visit To Fed HQ Renovation Project Federal prosecutors on Tuesday made a surprise visit to the Federal Reserve headquarters building that’s undergoing a $2.5 billion renovation, as they continue to investigate whether Fed Chair Jerome Powell lied to Congress about the cost and scope of the project. Construction workers told the prosecutors they couldn’t come on the site without prior authorization, the […]

Shoe Brand Allbirds Pivots To AI, Changes Name To NewBird AI, Stock Rips More Than 360% Just when you thought you’d seen the last of the AI pivot idiocy… Allbirds (yes, the wool sneaker people) is mooning—up as much as 360%—after announcing it’s ditching shoes and pivoting to, of course, AI. This comes just weeks after agreeing to sell off its brand and footwear business for $39 million, according to Sherwood News. The […]

Is The Iran War Good For The Petrodollar? Diana Choyleva wrote an excellent editorial for the Wall Street Journal entitled “The Iran War Is A Boon For The Petrodollar.” She pushes back against claims that the Iran conflict is accelerating the death of the petrodollar. Instead, RealInvestmentAdvice.com points out that she argues the opposite: between Iran and Venezuela, the U.S. is defending and bolstering dollar dominance in […]

Yet Another Historic Church Torched In Canada Authored by Steve Watson via Modernity.news, Another historic church lies in ashes after a major fire tore through Saint-Romain, Quebec, last night. The building, whose construction began in 1893, is the latest casualty in a relentless campaign against Canada’s Christian institutions that has seen arsons more than double since 2021. A historic church, originally built in 1893 and […]

Futures Unchanged Just Shy Of All Time High On Peace Hopes, Solid Earnings US equity futures are flat following yesterday’s rally as market awaits news on the Iran war resolution and as we traverse earnings season. As of 8:15am ET, S&P 500 futures are little changed after the benchmark closed within a whisker of a record. Risk sentiment took a small knock in recent trade after Iran cautioned that it will not allow shipments […]

Nvidia Unveils New AI Open Model, Sparking Rally In Quantum Stocks Nvidia unveiled the world’s first open-source AI models to accelerate the development of quantum computing. The news sent shares of several Asian software and cybersecurity firms soaring and sparked a rally in U.S.-listed quantum stocks in premarket trading. Nvidia’s Ising open-model family is designed to improve two critical areas: quantum processor calibration and […]

Tether Launches Self-Custodial Wallet Supporting USDT, Bitcoin, & Tokenized Gold Authored by Naga Avan-Nomayo via TheBlock.co, Tether, issuer of the world’s largest stablecoin USDT, is stepping further out from behind the rails with the launch of its self-custodial wallet, which it says is designed to put its payments infrastructure directly in the hands of users, rather than operating solely as a backend layer for crypto […]

Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is “Premature” Goldman’s Natasha de la Grense summed it up well this morning: “Money was waiting on the sidelines to buy luxury for a de-escalation play – that feels premature with three misses in three days.”  Disappointments from Kering and Hermès, both of which fell short of analyst estimates, reinforced the view that the industry of fine wine, […]