Thanksgiving Snow Depth Across America Could Be Most In Decade Thanksgiving week has arrived, and the Federal Aviation Administration is bracing for the busiest travel period in 15 years. This year, tens of millions of Americans could face unusual weather: snow and bitter cold blanket parts of the Lower 48 as families gather to carve the turkey.  “For parts of the Dakotas, Minnesota, and Michigan, Thanksgiving snow depth this […]

Trump Plans To Hold Talks With Venezuela’s Maduro: Report Authored by Dave DeCamp via AntiWar.com, President Trump has told his advisers that he’s planning to speak directly with Venezuelan President Nicolas Maduro, Axios reported on Monday, citing administration officials. While the Trump administration has continued to build up its forces in the Caribbean, bomb boats in the region, and leak information to the media that […]

Peter Schiff: Bubbles Pop Everywhere Via SchiffGold.com, On Wednesday’s episode of the Peter Schiff Show, Peter returns to his show to walk listeners through what he sees as multiple asset bubbles and why those bubbles matter beyond headline market moves. He calls out the AI stock mania, a fragile housing market propped up by policy, and the crypto circus — all potential bubbles inflated by easy money. He opens by framing […]

Polymarket Receives Approval From CFTC For Official US Return Prediction platform Polymarket has received regulatory approval from the US Commodity Futures Trading Commission to operate an intermediated trading platform. In a Tuesday notice, Polymarket said the CFTC issued an Amended Order of Designation, which will allow the company to “operate an intermediated trading platform subject to the full set of requirements applicable […]

Campbell’s VP Admits Soup Is “S**t For F**king Poor People” With “Chicken… From A 3D-Printer” Authored by Daisy Luther via The Organic Prepper, Nearly every household in America has at least a few of the ubiquitous red-and-white cans in the pantry, but perhaps not for much longer. I’m talking of course, about Campbell’s soup, a brand so iconic that Andy Warhol captured it in one of his most famous works of pop art. First […]

Consumer Strain Moves Beyond Low-Income Into Heart Of Middle Class  Goldman Sachs Managing Director Kate McShane provided clients with a summary of key takeaways from her meetings with the investor-relations and management teams of Bath & Body Works, BJ’s Wholesale Club, The Home Depot, Lowe’s, Target, Walmart, and Williams-Sonoma. McShane noted that nearly every retailer warned of weak consumer demand, especially among […]

Mediocre 5Y Auction Tails As Foreign Demand Slides After yesterday’s sale of $69BN in 2Y notes, which came smack in the middle of market expectations with metrics that were just about average, moments ago the US Treasury sold $70BN in 5Y notes at a high yield of 3.562%, down from 3.625% last month and the lowest since last September when the Fed launched its current rate cut cycle; the auction tailed the When Issued 3.557% by […]

Grid-Scale Battery Boom Sparks Lithium’s Comeback Lithium prices have awakened from a multi-year bust in the second half of this year, with Chinese lithium carbonate prices jumping from $6,000 a ton to $11,000 a ton, driven by what Goldman analysts describe as “temporary Chinese supply cuts” and “strong energy-storage-system (ESS) demand.” For some context, lithium markets flipped dramatically from the 2020 to 2022 “white-gold […]

The Uproar Over 4 Dollar Fries Shows Just How Severely America’s Standard Of Living Has Eroded Authored by Michael Snyder via The Economic Collapse blog, Once upon a time potatoes were what the poorest people in society would eat because they were so inexpensive.  But now we are being charged an average of $4.19 for a carton of medium fries at McDonald’s.  There are many that are very upset about the rapidly rising cost of […]

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 long […]

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 […]

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 […]

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 […]

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 prices 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. […]