Stocks Hit Session Highs On Report Hassett Emerges As Trump’s Next Fed Chair Pick White House National Economic Council Director Kevin Hassett is the front runner to succeed Fed Chair Powell, according to Bloomberg, citing people familiar with the matter. Speaking on CNBC earlier, Treasury Secretary Bessent said that President Trump could announce his choice before Christmas. The pick could very well be a trial balloon: for a […]

Things Are Moving Fast All Over By Michael Every of Rabobank Do You Get The Points? First, we had a surprise 28-point US plan for Ukraine; then Europe responded with a 27-point plan, a separate 24-point plan from the E3 (UK, France, Germany), and vague 6-points from EC President von der Leyen. Now we have a revised 19-point US-Ukraine plan, following bilateral discussions, which reportedly doesn’t favor Moscow and leaves the […]

Zelensky Seeks Urgent Meeting With Trump To Negotiate Territorial Concessions ‘Sticking Point’ Directly Update(1155ET): Since the early morning hours there’s been a steady walk-back on initial headlines that Ukraine has ‘agreed’ to the Trump-proposed peace plan, which has now been condensed to 19 points (down from the initial 28). The White House now says the few issues remaining in talks to end the war are “delicate” but “not […]

The Google TPU: The Chip Made For The AI Inference Era By UncoverAlpha As I find the topic of Google TPUs extremely important, I am publishing a comprehensive deep dive, not just a technical overview, but also strategic and financial coverage of the Google TPU. Topics covered: The history of the TPU and why it all even started? The difference between a TPU and a GPU? Performance numbers TPU vs GPU? Where are the problems for […]

EU Approves €1.5BN Plan To Build Up Ukraine’s Military-Industrial Sector Even as the Trump-backed Ukraine peace plan is said to be advancing as negotiations intensify ahead of a Washington-imposed deadline of Thursday, the European Union continues its efforts to ramp up support to Ukraine’s defense sector. On Tuesday European Parliament voted to approve a 1.5 billion euros ($1.7bn) program which seeks to deepen integration […]

Imam At CUNY Reportedly Calls For Fingertips Of “Filthy Rich” To Be Cut Off Under Sharia Law Authored by Jonathan Turley, The City College of New York campus began the latest example of anti-Semitic and extremist speech this week after Abdullah Mady, a student and self-proclaimed Imam, refused to sit next to a Jewish speaker and called for the tips of the fingers of “the filthy rich” to be cut off in accordance with Sharia […]

“Clean Out The Garage”: Dick’s Sporting Goods Set To Shutter Some Foot Locker Stores Dick’s executive chairman Ed Stack told CNBC senior retail reporter Courtney Reagan that it will close an unspecified number of Foot Locker stores as part of a major restructuring to prevent the newly acquired chain from dragging on profitability. “We need to clean out the garage,” Stack told Reagan. “We’ve taken pretty aggressive markdowns to […]

Trump Ignites ‘Genesis Mission’: Manhattan Project-Scale AI Onslaught Authored by Steve Watson via Modernity.news, President Trump signed a landmark executive order Monday, unleashing the “Genesis Mission”—a colossal, coordinated national crusade modelled after the Manhattan Project to turbocharge AI-driven scientific breakthroughs and cement U.S. technological hegemony. The audacious blueprint seeks to harness the […]

Johnson Warns White House Against Extending Obamacare Subsidies House Speaker Mike Johnson has warned the Trump administration that House Republicans aren’t gonna go for an extension of enhanced Affordable Care Act subsidies – a plan which was leaked to the media before the White House backed off from announcing it yesterday. According to the WSJ, Johnson held a Monday call with administration officials as Trump advisers were […]

US Consumer Confidence Tumbles To Worst Since Liberation Day Following the collapse in Current Conditions sentiment among Americans surveyed by UMich, The Conference Board confirms the collapse in confidence this morning with the headline print dropping to 88.7 in November (well below the 93.3 exp) following a small upward revision for October. The slump was led by Expectations (which plunged to 63.2 from 71.8) but the Present […]

Six Dead As Russian Missiles Pummel Kiev, Even As Trump’s Peace Deal Advances The Ukrainian capital was once again pummeled overnight, as Russia unleashed a barrage of at least 22 missiles on the city, in what the Ukrainian minister of energy called a “massive” attack on energy infrastructure. Accompanying this at least 460 drones were sent against various areas of Ukraine, with several reportedly breaching either Moldova or […]

“Geographic Rotation Is Striking”: Home Prices Are Falling In A Majority Of US Cities US home prices in the 20 largest cities rose 0.13% MoM in September (very slightly better than the 0.1% rise expected) and up for the second month in a row (after falling for five straight months before). This MoM rise left the average priers up just 1.36% YoY – the lowest since July 2023… Source: Bloomberg This (admittedly lagged and […]

Amazon Announces $50B Plan For Dedicated Government AI Supercomputing Amazon Web Services is making a major push into government-focused artificial intelligence and supercomputing, announcing plans to build the first AI- and HPC-dedicated cloud infrastructure designed specifically for U.S. federal agencies, according to Amazon’s PR. The company said it will invest up to $50 billion beginning in 2026 to expand capacity across AWS […]

Stock Rally Falters As Nvidia-Google AI Rivalry Intensifies US futures are flat, having rebounded from session lows, even as Nvidia shares fell 3.8% in premarket trading as investors assess the threat of increased competition after a report that Meta Platforms is in talks to spend billions on Google’s TPU-based AI chips (see “The Google TPU: The Chip Made For The AI Inference Era”); Alphabet shares climb 3.2% in premarket. As of […]

Core Producer Price Inflation Slowest In 15 Months, But… Headline Producer Prices rose 0.3% MoM in September (as expected) Source: Bloomberg Under the hood, Energy costs were the biggest driver (see below for why that may not be a problem) and Construction saw the smallest rise in prices… Source: Bloomberg Core PPI (Ex Food & Energy) rose just 0.1% MoM, bringing Core PPI YoY down to +2.6%… Source: Bloomberg […]

Burlington Shares Slide After Store Traffic “Fell Off Significantly”  Off-price department store retailer Burlington, formerly known as Burlington Coat Factory, fell in premarket trading after reporting weak third-quarter comparable sales and issuing soft fourth-quarter and full-year comp guidance that missed Bloomberg Consensus expectations. Snapshot: Q3 Results (Slight Miss on Revenue/Comps) Adjusted EPS: $1.68 (beat) vs. […]

US Retail Sales Disappoint In September After two months of nothing, the avalanche of actual government-supplied macro data begins in earnest with Retail Sales (for September). BofA’s omniscient analysts expected a small beat… Retail sales should be a slight beat based on BofA real-time card spending dataa pic.twitter.com/amrOxXgiqU — zerohedge (@zerohedge) November 25, 2025 But, for once, they were off with headline sales […]

ADP Weekly Employment Report Signals Weakening Labor Market In November For the four weeks ending Nov. 8, 2025, ADP reports that private employers shed an average of 13,500 jobs a week, considerably worse than than the last couple of weeks. That is the worst ‘monthly’ average since August “Consumer strength remains in question as we enter the holiday hiring season,” says Nela Richardson of ADP, adding that “might be playing into […]

JP Morgan, Who Had No Issues Banking Epstein, Abruptly Closes Strike CEO Jack Mallers’ Account JPMorgan Chase abruptly closed Strike CEO Jack Mallers’ personal accounts last month, giving him no warning and offering only a cryptic explanation, according to Yahoo Finance. Mallers posted on X that “Last month, J.P. Morgan Chase threw me out of the bank,” noting how odd it was given that “My dad has been a private client there […]

Why Did Democrats Suddenly Go Quiet On Epstein Files? Why did Democrats suddenly go quiet on the Epstein files? Democrats whipped themselves into a frenzy trying to manufacture a “gotcha” moment for President Trump and the GOP over the Epstein files. According to Bloomberg data, the headline count in MSM for “Epstein” erupted on the day when President Trump signed a spending bill to reopen the federal government after Democrats […]

The Decline Of Developed Nations’ Fiat Money Authored by Daniel Lacalle, Governments assume they can print as much currency as they like and it will be accepted by force. However, the history of fiat currencies is always the same: first governments exceed their credit limits, then ignore all the warning signs and finally see the currency collapse. Today, we are living the decline of developed economies’ fiat currencies in real […]

Nvidia Slides As Google Emerges As New Threat In AI-Chip Market Alphabet shares jumped 4% in premarket trading after The Information reported that Meta is in talks to spend billions on Google’s tensor processing units (TPUs) for its data centers beginning in 2027, with plans to potentially rent TPU capacity from Google Cloud in the near term. The report sent Nvidia shares down roughly 3.5% as investors weighed the possibility that […]

UK Government “Resist” Program Monitors Citizens’ Online Posts Authored by Cam Wakefield via Reclaim The Net, Let’s begin with a simple question. What do you get when you cross a bloated PR department with a clipboard-wielding surveillance unit? The answer, apparently, is the British Government Communications Service (GCS). Once a benign squad of slogan-crafting, policy-promoting clipboard enthusiasts, they’ve now evolved […]

These Are The Most Religious States In America Religion plays a defining role in American culture and politics, but the degree of religiosity varies dramatically by state. This visualization, via Visual Capitalist’s Niccolo Conte, maps out the share of adults who are highly religious based on survey data from the Pew Research Center. The survey was of 36,908 adults, conducted July 2023 to March 2024, with religiousness based on […]

They’ve Learned Nothing… Because That Would Expose Too Much Authored by Roger Bate via The Brownstone Institute, The UK Covid-19 Inquiry has finally released the core political chapters of its long-awaited report. After nearly three years of hearings, millions of documents, and tens of millions of pounds spent on legal fees, the conclusion is now unmistakably clear. They’ve learned nothing, as I detail in my […]