ICE Drops $70 Million On Massive Arizona Warehouse To Detain And Deport Illegals Authored by Steve Watson via Modernity.news, Arizona is ground zero in the fight to reclaim U.S. borders, with ICE shelling out a whopping $70 million for a 418,000-square-foot warehouse in Surprise—the size of seven football fields—to process and detain illegal aliens targeted for deportation. The acquisition under the Trump administration marks a […]

The ‘Full Of Wind’-y City: Chicago Mayor Johnson Puts “ICE On Notice”… Of Meaningless Gesture Authored by Jonathan Turley, I have long been a critic of Chicago Mayor Brandon Johnson, who has been a disaster for my home city. From moronic proposed taxes to racist comments, Johnson has brought some of the greatest devastation to the city since the Great Fire. Deeply unpopular, he often uses race-baiting commentary or gimmicks […]

On-Chain Activity Soars As Crypto Crumbles, ‘Mega-Whales’ Buying The Bitcoin Dip As Retail Runs For Exits Crypto prices are rebounding this morning, after further weakness over the weekend to its lowest since Trump’s election victory.  “From a technical perspective, the recent drawdown is bringing price closer to attractive levels,” said Joel Kruger, a markets strategist at LMAX Group. Bitcoin is likely to find “strong […]

EU Faces Hard Choices After LNG ‘Wake-Up Call’ Authored by Irina Slav, via OilPrice.com, Europe is growing uneasy over its heavy reliance on U.S. LNG, with EU officials warning that energy security risks are shifting rather than disappearing. Diversification options are limited: sanctions on Russian gas and strict EU methane regulations effectively rule out major suppliers like Russia, Qatar, and much of U.S. LNG. Gas […]

Key Events This Week: Payrolls, ISMs, ADP And Many More Earnings Welcome to February with another big sell-off in Gold (-5%) and Silver (-10%) overnight, and a partial US government shutdown that isn’t as severe as the record one before Xmas, and is expected to get resolved soon. Nevertheless, as Jim Reid writes, it’s typical of the 2026 constant stream of complicated news flow. This follows a January that managed to both shock and […]

Huge Surge In New Orders Sends US Manufacturing Activity Near 4 Year Highs With ‘hard’ data sustaining signs of solid growth (e.g. factory orders and jobless claims), ‘soft’ survey data has been bouncing back since the start of the year This morning we get the final Manufacturing PMI data from S&P Global and ISM for January. A solid and stronger improvement in US manufacturing sector operating conditions (52.4 vs 52.0 exp) […]

Peak OnlyFans? Platform In Talks To Sell 60% Stake Following the Wall Street Journal’s reporting last week, Bloomberg has provided additional color on OnlyFans’ plan to sell a 60% stake in a deal valued at about $3.5 billion. The report is based on people familiar with the matter and has not been confirmed by the company. OnlyFans owner Fenix International Ltd. is in “early talks” with San Francisco-based Architect Capital to sell […]

Throwback Waste Of The Day: Monkeys Throw Poop, And $600K Authored by Jeremy Portnoy via RealClearInvestigations (emphasis ours), Topline: In 2012, a study published by Agnes Scott College and Emory University concluded that chimpanzees that know how to throw their own feces have stronger communication skills than those that do not. The National Institutes of Health must have used similarly primitive communication skills when […]

Trump Launches $12 Billion Strategic Mineral Stockpile To Counter China; Rare Earth Stocks Jump The Trump administration is preparing to launch a major initiative aimed at protecting US manufacturers from disruptions in the supply of critical minerals, committing about $12 billion in initial funding to build a strategic stockpile of essential materials, according to Bloomberg. The project, known as Project Vault, is designed to […]

Bill Maher Torches Virtue-Signaling Lefty Celebs For Ditching Causes Once They’re Not The ‘Current Thing’ After another awards show shitshow of anti-Trump-ism at The Grammy’s, Bill Maher has had it with Hollywood’s relentless virtue signaling, and during his latest monologue on his HBO show Real Time with Bill Maher. And he really let the glitterati have it.  Maher, a leftist liberal himself, began with mock enthusiasm for […]

Futures Tumble As Plunging Metals And Bitcoin Spark Global Selloff, Margin Calls Stock futures slide extending Friday’s rout, although are well off session lows, with aggressive unwinds across commodities and a crypto rout adding to the risk-off mood and sparking cross-asset margin calls. As of 8:00am ET, S&P 500 futures are down 0.4%, rebounding from a drop of as much as 1% earlier; Nasdaq futures drop 0.8%, also trimming the […]

‘Out Of Stock’: As Lunar New Year Looms, AsiaPac Dip-Buyers Emerge In Gold “I came to buy because the price of gold dropped today,” said Ng Beng Choo, a 70-something retiree who arrived early in the morning at the headquarters of Singapore’s United Overseas Bank (UOB), the city-state’s only bank offering physical gold products to retail investors. Bloomberg reports that clients and walk-in buyers crowded into a dedicated lounge for […]

Oil Prices Tumble 5% Amid Signs Of US-Iran De-escalation Authored by Tsvetana Paraskova via OilPrice.com, Oil prices dropped by more than 5% on hopes that U.S.–Iran tensions may be easing. President Trump suggested Iran is engaged in serious talks, dampening fears of military escalation. Analysts said broader market weakness and election-year politics added to the downward pressure on crude. Oil prices slumped by 5% […]

SpaceX In Advanced Talks To Combine With xAI: Report First Reuters and Bloomberg last week, and now Bloomberg reports again early Monday that Elon Musk’s SpaceX is in advanced talks to combine with his artificial intelligence firm xAI. The move appears to be a consolidation, positioning Musk’s empire for the “data centers in space” theme as Starship approaches commercialization. The financial media outlet says the potential […]

FAA To Allow 44 SpaceX Starship Launches From Kennedy Space Center Per Year Authored by T.J. Muscaro via The Epoch Times (emphasis ours), The Federal Aviation Administration (FAA) will allow SpaceX to launch its behemoth Starship from Kennedy Space Center in Florida 44 times per year. SpaceX’s mega rocket Starship is prepared for a test flight from Starbase, Texas, on May 26, 2025. AP Photo/Eric Gay That decision was released on […]

Light At The End Of The Tunnel Emerges For US East After Weeks Of Winter Madness A sharp reversal in US natural gas futures was seen early Monday after skyrocketing prices in the second half of January, when dangerously cold air and a major winter storm triggered freeze-offs across critical NatGas infrastructure. The weather-driven supply disruptions coincided with a spike in heating demand, unleashing stress on power grids across […]

Waste Of The Day: NYC Healthcare Fund Is Out Of Cash Authored by Jeremy Portnoy via RealClearInvestigations, Topline: Former New York City Comptroller Brad Lander claims one of the city’s health insurance funds has “no path to solvency” after labor unions used it to cover pay raises, Weight Watchers and more. Key facts: New York’s taxpayer-funded Health Insurance Stabilization Fund owes $3.1 billion to outside vendors […]

“Never Seen Risk Like This Before In My Career”, Ed Dowd Warns Via Greg Hunter’s USAWatchdog.com, Former Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com warned in December we were “At the Beginning of Credit Destruction Cycle.”  Renowned hedge fund BlackRock was the latest victim of credit destruction with this week’s headline that said, “BlackRock cuts value of private debt fund […]

FTC Warns 42 Law Firms Over DEI Hiring The Trump administration is still going after DEI – or ‘diversity, equity and inclusion’ (i.e. white people are the scourge of the earth) – this time, in Big Law.  The office of the law firm Perkins Coie is seen in Washington, on April 10, 2025. Photo by Kevin Dietsch/Getty Images On Friday, the Federal Trade Commission (FTC) sent letters to 42 law firms warning them about “potentially […]

US Approves New Massive Arms Deals For Israel, Saudis – Bypasses Congressional Review Via The Cradle On Friday, the US government authorized significant arms sales to Israel and Saudi Arabia, amounting to approximately $15.7 billion, as the White House continues to escalate threats of war against Iran. The US State Department approved four arms packages for Israel totaling $6.67 billion, which includes a $3.8 billion deal for 30 […]

Hero British Bus Driver Fired For Stopping Thief And Protecting Passenger Authored by Steve Watson via Modernity.news, In a nation where self-defense is apparently a fireable offense, Mark Hehir, a dedicated London bus driver, has been hailed as a hero by the public but sacked by his employer for daring to chase down a thief who snatched a passenger’s necklace. This absurdity highlights how the UK’s bureaucratic overlords […]

How Arctic Ice Loss Is Reshaping Global Shipping Not only does the Arctic hold significant oil and rare earth resources, thawing ice means that shipping routes can be reduced drastically. Since 1980, the Arctic’s minimal ice extent, its smallest point, has shrunk by 39%. At the same time, the Arctic is a strategic priority for Russia, both for freight transport and military security. More recently, President Trump has argued […]

“Energy Suicide”: Slovak PM Fico To Sue After Brussels Issues Total Ban On Russian Gas Via Remix News, Slovakia is obliged to stop taking over Russian gas by Nov. 1, 2027, at the latest, and according to Slovak Prime Minister Robert Fico, the EU decision to ban all gas from member states amounts to “energy suicide.” As a result, Bratislava will file a lawsuit at the Court of Justice of the European Union (ECJ) against the newly […]

A Panicking Oracle Plans To Raise Up To $50 Billion, As Its Stock And Bonds Crater Just over a month ago, on Dec 17, alongside the news that Abu Dhabi was set to invest billions in OpenAI thus preventing a year-end tech rout, we said that ORCL CDS – which on that day hit the widest level since the 2008 financial crisis at 156bps – “may have gone a bit too far”… ORCL CDS limit down tomorrow (of course, there is no limit down in […]

San Francisco Ends $5M-A-Year Program That Supplied Alcohol To Homeless Addicts Sigh. It’s not parody. It’s San Francisco. The city is shutting down a controversial program that used millions in taxpayer funds to provide alcohol to homeless residents struggling with addiction, according to the NY Post. Mayor Daniel Lurie said the city will end the Managed Alcohol Program, which cost about $5 million each year and began during the […]