SpaceX IPO Update: New Filing Reveals Friends & Family Share Allocation, Anthropic AI Deal, And Water Risk SpaceX has provided fresh details in an amended S-1 filing regarding its upcoming initial public offering, including a directed share program for employees and insiders, a major AI computing agreement with Anthropic, and new risk factors. The company will reserve up to 5% of shares in its IPO for certain employees and […]

“Firing On All Cylinders, But…” US Manufacturing Surveys Send Mixed Signals In May With US hard data taking a beating (relative to expectations) last week (red line below), analysts remain hopeful that US Manufacturing will hold up (durable goods orders were solid) with this morning’s Manufacturing PMIs set to signal stability. The final May S&P Global US Manufacturing rose to 55.1 (down from the 55.3 flash print) but the […]

“Working Better”: Saylor Teases BTC Buy After Strategy Sells For First Time Since 2022 Bitcoin is extending its recent weakness overnight (hurt by US-Iran tensions escalating again), trading back below its 100DMA after Strategy (MSTR) sold 32 bitcoin between May 26 and May 31 at an average net price of $77,135 a coin, totaling $2.5 million (disclosed in an 8-K filing on Monday). Proceeds from the bitcoin sales are expected to […]

Key Events This Week: Jobs Report, JOLTS, ADP, ISMs And Fed Speakers The key event for markets outside of Iran (which is once again front and center following news that Iran is halting all exchange of messages with the US in protest of Israeli crimes in Lebanon) will be Friday’s US May employment report. Economists forecast a notable moderation in payroll growth compared with the relatively strong pace seen earlier in the spring. […]

Inside The Major Bill Poised To Reshape The US Housing Market Authored by Andrew Moran via The Epoch Times, The United States may be on track to implement the first comprehensive housing legislation in decades. For the past several years, housing affordability has been a significant subject across the country, with many young people struggling to achieve the dream of homeownership. Lawmakers on both sides of the aisle have […]

Moderna Snags $50 Million Ebola Vax Contract Moderna is receiving up to $50 million to accelerate the development of an Ebola vaccine, as the virus continues to spread in the eastern Democratic Republic of Congo. The funding is coming from global health organization ​CEPI, which told Reuters that it was possible to bring the vaccines to trial phase within a couple of months.  CEPI said it would also invest up to $8.6 […]

Iran Halts All Messages With US, Orders Opening Of New Fronts Citing ‘Israeli Crimes’; Futures Slide As Oil Jumps Summary Oil jumps on Iran announcing halt to all exchanges with US, citing Israeli aggression in Lebanon. Iran overnight initiated fresh attacks on neighboring Kuwait and even released video showing footage of a ballistic missile launch. The US bombed radar & drone sites in Iran in response to the Iranians having […]

IBM Soars On Resurfaced Trump Clip, Barclays Buy Rating As MoMo Rally Accelerates IBM shares jumped as much as 15% in premarket trading after Bloomberg described a recirculated video of President Trump stating that the stock is “going to go up a lot more.” The clip, reposted by Polymarket Money on Saturday evening, appears to have fueled another leg higher in what has already been an eye-popping, multi-week rally. In the clip, […]

Nvidia CEO Declares AI PC Reinvention A “New Beginning” On Par With Smartphone Shift Nvidia CEO Jensen Huang delivered the keynote address on Monday at GTC Taipei 2026, outlining the next evolution of AI compute. Huang’s presentation included updates on the Vera Rubin platform, a new lineup of Windows PCs developed with Microsoft for AI workflows, the launch of an enterprise agent toolkit, and next-generation AI infrastructure […]

Aww… Look At The Cute Dancing-Robot Police-State Surveillance-Dog… Authored by Steve Watson via Modernity.news, Boston Dynamics’ Spot robot dogs are being deployed at designated World Cup venues in the US to perform perimeter security inspections, prompting concerns over the advance of surveillance tech. The company has stated that the machines “will be used to assist security personnel with investigating things like […]

Futures Rise Despite Oil Bounce, As Nvidia Keeps AI Euphoria Going Futures are positive and at session highs even as the a lack of a US / Iran deal pushes oil prices, bond yields, and volatility higher. As of 8:00am ET, S&P futures are up 0.3% to a new all time high of 7620; Nasdaq futures rise 0.2%: the Computex AI Conference kicked off; biggest news is NVDA to enter PC space with a new chip challenging AMD / INTC, helping send […]

He’s “Full Of Sh!t”: JPMorgan CEO Jamie Dimon Slams Coinbase’s Armstrong, Declares War On Clarity Act JPMorgan Chase CEO Jamie Dimon has drawn a battle line in Washington: the Clarity Act, as written, is dead on arrival – and Coinbase CEO Brian Armstrong is the enemy driving it. In a Fox Business interview late last week, Dimon unloaded on the pending crypto market structure legislation, calling it a threat to the financial […]

SK Hynix Evacuates Thousands Of Workers At Chip Plant After Fire, Toxic Gas Leak One week, unions are threatening labor action at memory giant Samsung. The next, SK Hynix suffers an industrial accident. Together, the events highlight just how fragile the global memory supply chain has become at a time when AI data center buildouts have already pushed memory chip supply into extraordinarily tight territory. South Korea’s main […]

Millions Of Americans Are Giving Up On Buying New Cars A growing number of Americans can no longer afford to buy new vehicles. Since 2020, roughly one million potential buyers have exited the market, and industry forecasts suggest they are unlikely to return soon, according to Wall Street Journal.  Although automakers initially expected sales to recover to pre-pandemic levels, persistent economic pressures have kept demand below […]

The Road To Hell Is Being Paved With Suicidal Empathy Authored by Bronwyn Eyre via The Epoch Times, In his book-cover endorsement of “Suicidal Empathy: Dying to Be Kind,” author Bruce Bawer calls it “easily more important than any book in recent memory.” Elon Musk adds: “Western civilization is doomed unless the core weakness of suicidal empathy is recognized and actions are taken.” They’re right. Professor Gad […]

US Adult Cigarette Smoking Rate Hits Another All-Time Low Via Headline USA, The cigarette smoking rate among U.S. adults dropped to another all-time low last year, with 1 in 11 adults saying they were current smokers, according to government survey data released this week. Cigarette smoking is a risk factor for lung cancer, heart disease and stroke, and it’s long been considered the leading cause of preventable death. […]

German School Forces Teens To Design ‘Inclusive Brothel’ Authored by Steve Watson via Modernity.news, Parents across Germany are in uproar after a Catholic high school handed 13- to 15-year-olds the grotesque task of modernizing a brothel to make it “sexually inclusive” for every lifestyle and preference under the sun. The assignment at Cardinal von Galen Gymnasium in Kevelaer, North Rhine-Westphalia, formed part of a […]

How The FIFA World Cup Affects Short-Term Rental Markets For international football fans traveling to North America to attend the FIFA World Cup this summer, the costs of doing so quickly add up. As Statista’s Felix Richter details below, between flights, accommodation, food, local transportation and tickets, a week-long trip to the tournament can easily set you back a couple of thousand dollars, which is why FIFA and local […]

65,000 Small German Retail Stores Have Disappeared As Economic Downturn Hits Europe’s ‘Powerhouse’ Via Remix News, The number of small retail stores in Germany has declined drastically since 2010. According to a recent analysis by the credit agency Creditreform and the Handelsblatt Research Institute, there were 236,143 small retail stores with annual sales of less than €250,000 in 2010. For 2025, the sales tax statistics show […]

Trump Toughens Terms Of Iran Deal Framework, As Bessent Pinpoints Tehran’s ‘Big Mistake’ Summary NYT on Sunday: President Trump has toughened the terms of a potential framework for a deal to end the war in Iran. Washington seeks to ratchet pressure, but Tehran still not budging on issue of remaining nuclear material. Bessent describes the “big mistake” Iran made to Fox – attacking its neighbors & losing friends; also says of […]

Interest In Politics Often Ranks Low Interest in politics varies among countries and for many of the 34 nations surveyed by Statista Consumer Insights between April 2025 and March 2026, politics was in the bottom half of the most frequently named personal interests out of 18 surveyed. The topic ranked lowest in India (16 out of 18), Malaysia (16) and Saudi Arabia (16). As Statista’s Anna Fleck shows in the chart below, the share […]

The Slow Disappearance Of Cash In Europe Authored by Cláudia Ascensão Nunes via the Foundation for Economic Education (FEE), Under the guise of fighting money laundering, the EU is making anonymous economic activity progressively harder… Starting in July 2027, Europeans will no longer be allowed to pay businesses or professionals more than €10,000 in cash (roughly $11,500). Any transaction above €3,000 (just under […]

Shutting Down Federal Bee Labs Threatens The US Food System Authored by Jennie Durant via TheConversation.com, America’s bees and beekeepers are losing a valuable ally just when they need its help most. The U.S. Department of Agriculture plans to soon close the Beltsville Agricultural Research Center, a 6,500-acre agricultural research station in Maryland that is home to the nation’s premier bee research and disease […]

US Officials Suspect Iran Used Chinese Missile To Bring Down F-15E Warplane: Report Via The Cradle US officials believe that a Chinese-made shoulder-fired missile was likely used by Iranian forces to shoot down a US F-15E Strike Eagle over southwestern Iran last month, NBC News reported Saturday.  The incident marks the first time in decades that the US has had to acknowledge that one of its jets was shot down by enemy fire, […]

The Democrat Establishment Is Starting To Worry About Spencer Pratt The last person California Democrats expected to keep them up at night is Spencer Pratt. Yet here we are. The former reality television personality-turned-independent mayoral candidate has spent the past several weeks doing something that Los Angeles’s political establishment convinced itself was impossible: making incumbent Mayor Karen Bass look vulnerable. […]