Seagate, Western Digital Crater After Toshiba Breaks Hard-Drive “Supply Discipline” Pact For most of 2026, the bull case for the HDD duopoly could be summarized in one sentence: nobody is building new factories. On Friday, someone did. Shares of Seagate (STX) and Western Digital (WDC) tumbled more than 10% on Friday, standing out like a sore thumb on a day when the Nasdaq hit all-time highs, after Nikkei reported that Toshiba plans […]

“Told You To F–k Yourself”: GOP Senator Tells Trump Off In Profanity-Laced Leaked Texts Sen. Thom Tillis (R-NC) unloaded on President Donald Trump in a series of profanity-laced private text messages that are now spilling into public view as the retiring Republican prepares to release a tell-all book about his battles with the president and MAGA world. The fiery exchanges, revealed in reporting on Tillis’ forthcoming memoir, How […]

Iran’s Disappearing Oil Is Becoming Everyone’s Problem Authored by Natalia Katona via OilPrice.com, Iranian oil is disappearing from the market just as its biggest buyer returns for more. China’s recovering crude demand is colliding with the loss of a supplier that sustained its independent refiners through the crisis, forcing them to compete for increasingly expensive alternatives. The consequences reach beyond China: every […]

California, 6 Other States Sue Trump Admin Over Funding Cuts To Immigration, Race Projects Authored by Rachel Roberts via The Epoch Times, California and six other states filed a lawsuit against the Trump administration on Wednesday after it moved to cut federal funding for programs involving immigration, race, and gender ideology. California Attorney General Rob Bonta speaks in Los Angeles on April 15, 2024. John Fredricks/The […]

Trump Says Inflation Will Pay Off The $40 Trillion Debt “Very Rapidly” President Trump thinks ‘certain levels’ of inflation could take care of the $40 trillion national debt.  President Donald Trump appears at the United Nations General Assembly in New York. (Photo by Chip Somodevilla/Getty Images)”You know, inflation. Certain levels of inflation will also pay off that debt very rapidly. Very rapidly,” he told TIME in an […]

Airlines Plan ‘Rescue Flights’ For Stranded Israelis In UAE After FlyDubai Incident Via The Cradle Israeli national airline El Al announced on Friday that it had canceled flights scheduled to bring Israelis home from Dubai after the UAE withdrew landing permits for Israeli carriers. “Due to the cancellation of approval for Israeli companies to land in Dubai, as was reported by the authorities in Israel, we are forced to cancel, at […]

Putin: Ready To Use ‘All Weapons’ Including Nuclear, If Kaliningrad Attacked Now it’s no longer just high-ranking Kremlin officials saying it, but Russian President Vladimir Putin has now directly weighed in amid the ongoing nuclear threat tit-for-tat involving European officials. Speaking at the Valdai Discussion Club in Moscow on Thursday, he warned the Western allies to cease their escalation in Ukraine, stressing he’s willing […]

Relatives Of Renee Good Sue Government, ICE Agents Over Fatal Shooting Authored by Zachary Stieber via The Epoch Times, Renee Good’s family on Oct. 1 sued the U.S. government and Immigration and Customs Enforcement (ICE) officers, alleging violations of the law occurred in the fatal shooting of Good in January. The civil complaints were lodged in federal court in Minnesota, where Good was shot by an ICE officer after she […]

Digging Starts On New $16 Billion Train Tunnel Project Under Hudson River Elected officials in helmets and yellow jackets gathered in New Jersey on Monday for the ceremonial launch of a massive boring machine that in days will begin drilling through the solid rock of the Palisades Cliffs in New Jersey, the initial phase of the Hudson Tunnel Project from New Jersey to New York Penn Station. The new tunnel is just one part of a […]

Another Tanker Struck & Damaged By Iran In Strait Of Hormuz Update(1233ET): On Friday there are reports of another foreign tanker which has been struck and damaged in the Strait of Hormuz. Several similar drone attacks have occurred this week, and over the last few days – however unlike with prior attacks these latest are not being heavily featured in the media, and have also made surprising little impact on oil prices. New […]

CNN Concedes Republicans Will Keep The Senate If The Polls Miss Like They Have Before CNN chief data analyst Harry Enten said Wednesday that Republicans have beaten their September polling in Ohio, Iowa and Michigan by wide margins in recent election cycles. If that pattern repeats in November, the GOP could keep control of the Senate despite current Democratic leads in all three states. With just over a month before the […]

DOJ Alleges UCLA Law School Discriminated By Race In Admissions Authored by Aaron Gifford via The Epoch Times, The University of California – Los Angeles (UCLA) School of Law allegedly denied admission to whites and Asians in favor of lower-performing black and Hispanic applicants, the Department of Justice announced Thursday. Under federal Civil Rights Laws and a 2023 U.S. Supreme Court decision that ruled against affirmative […]

Judge Denies Lawyer’s Motion To Find Lindsay Clancy Not Guilty In Murder Of 3 Children Authored by Jill McLaughlin via The Epoch Times, The judge in the Lindsay Clancy murder case denied a motion by her lawyer asking to find his client not guilty in the deaths of her three children on Oct. 1. Judge William Sullivan found county prosecutors had presented enough evidence for any reasonable jury to potentially conclude beyond a […]

Trump Says “It’s Possible” Iran War Could Cost Him November Midterms Trump in Thursday remarks to the press said he was “ensuring that Iran will be very quickly ended,” while claiming the Iranian theocratic government is “ready to fold up”. As far as a timeline, he stressed once again his view that the US will ‘win’ but it will be “right after the election.” Around 9,000 more troops are headed toward the Middle East from San […]

France Should Grok How To Solve Its Fiscal Crisis, Please Make No Mistakes By Benjamin Picton, Senior Market Strategist At Rabobank European equity indices fell sharply yesterday, pacing gains in sovereign yields for France, Italy and Greece. The spread between 10-year OATs and Bunds blew out to more than 140bps as the French government unveiled plans for €43bn worth of spending cuts and higher taxes in an effort to tackle […]

RTX’s Raytheon Awarded $24.4B Missile Contract as Trump Finally Admits Stockpiles “A Little Bit Lower” The Pentagon on Thursday announced a massive new defense contract at a moment many Congressional members are concerned over America’s dwindling arsenal of both defensive and offensive missiles and weapons systems. Raytheon, an RTX unit, has been awarded a $24.4 billion contract for the accelerated production of SM-6 missiles, […]

40 Percent Error Rate Found In Afghan Refugee Vetting Samples, Inspector General Finds Authored by Naveen Athrappully via The Epoch Times, A Department of Homeland Security (DHS) Office of Inspector General review has found errors in 40 percent of sampled asylum files for Afghan nationals who entered the United States under a Biden-era refugee program. Afghan families walk to a bus that will take them to a refugee processing […]

Oil Dips As Europe Folds – G7 Agrees To 100-Million-Barrel Emergency Release Update (1000ET): French President Macron has just confirmed what we reported earlier, that the G7 has agreed to release as much as 100 million barrels of emergency oil and diesel stocks after pressure from the Trump administration to quell rising fuel prices. The release, being coordinated by the International Energy Agency, will take place over the next […]

Jobs Huge Miss: Sept Payrolls Plunge To 29K, Below All Estimates As July Revised Negative… But Employment Soars In our jobs preview post, we told readers to “beware a bond squeeze as august seasonals reverse” and boy were we right: yields are tumbling from 5.22% to 5.16%, a new weekly low, as all those record TSY shorts get bigly squeezed following what was a big miss in the September jobs print which tumbled from a downward […]

“Can We All Just Admit This Is Just Absurd?!” Thousands and thousands of people staring at screens. Not teenagers checking out TikTok, but highly educated, well trained professionals, staring at screens. Millions, even billions, maybe even trillions of dollars, yen, euro, etc., poised to move around based on the data that comes out at 8:30 am. Then we get another mishmash of data, so different than expectations, with revisions […]

Tesla Delivers 486,432 Vehicles In Q3, Handily Beating Wall Street Forecasts Tesla handily beat expectations on deliveries for Q3 this morning, handing the electric vehicle maker a sizable beat against Wall Street forecasts. The company delivered 486,532 vehicles during the quarter, well above the roughly 461,000 units analysts surveyed by FactSet had been expecting. Tesla’s own compilation of sell-side estimates had put the […]

Trump Admits Diesel US Export Ban Could Raise Gasoline Prices Authored by Tsvetana Paraskova via OilPrice.com, A potential ban on U.S. diesel exports could have “a negative impact on gasoline,” U.S. President Donald Trump said late on Wednesday, although he didn’t rule out such a move from the Administration. The President told reporters in the Oval Office that he and the Administration continue to discuss the pros and cons of a […]

‘Massive Short Squeeze’: Yields, Rate-Hike Odds Plummet After Piss-Poor Payrolls Print With nonfarm payrolls printing below even the weakest analyst’s forecast, the market’s reaction has been uniformly dovish with rate-hike odds plummeting, treasury yields tumbling, stocks soaring, dollar down and gold and crypto higher. The biggest impact of the piss-poor payrolls print was the market basically pricing out a hike in October… […]

Futures Rise, Yields and Oil Drop Ahead Of Key Jobs Report US futures climbed and bond yields reversed an earlier rise, as a drop in oil prices provides a tailwind in calm trading following a week in which markets were lashed by sharp swings in yields, with the US payrolls report still to come. As of 8:15am ET, S&P 500 futures were up 0.4% after Thursday’s close left the index headed for its worst week since August; […]

UK Arrests British Iranian Dual National Over Security Incident Near Airbase Authored by Ryan Morgan via The Epoch Times, Authorities in the UK have arrested a dual national of the UK and Iran in connection with a security incident near the Fairford Royal Air Force base in Gloucestershire, England, on Sept. 27. In an Oct. 1 update, the UK’s Counter Terrorism Policing identified the arrested British Iranian dual national as a […]