Another Major Russian Refinery Up In Flames As Diesel Nears Historic Highs On Wednesday Ukrainian forces struck a Wildberries facility deep inside of Russian territory for the second time this summer. The warehouse in the central Tambov region city of Kotovsk was first targeted in July, but this time the large complex has been “completely” destroyed in the resulting fire, Governor Yevgeny Pervyshov confirmed. Wildberries plant […]

Israel Developing Offensive Space Capabilities Authored by Ioannis Vlahos via Antiwar.com, Israel is currently prepared to begin development of offensive space capabilities, including systems designed to defend Israeli satellites from hostile spacecraft, and weapons (including lasers) capable of striking targets from space. It is part of the Defense Ministry’s multiyear budget plan for the space sector, which will include […]

Chinese Hackers Broke Into NASA, Federal Reserve, DOJ & Senate: FBI Announces The United States Department of Justice has on Wednesday announced US authorities thwarted a major state-sponsored hack which saw a temporary intrusion into NASA, the Federal Reserve, Senate, the DOJ, Department of Energy, and the Department of Health and Human services, along with four unnamed companies in the US and South Korea. “Today we announced […]

You Know Things Are Bad When This Has To Be Referred To The DOJ… Authored by Steve Watson via Modernity News, Texas Governor Greg Abbott is escalating the fight against what he calls discriminatory religious facilities at two of the state’s busiest airports. After DFW Airport scrapped plans for more Islamic ablution stations under pressure, Abbott has referred both Dallas-Fort Worth International Airport and Houston’s George […]

Nvidia Rises After Solid Earnings, Reversing Margin Concerns As Company Guides To 70% 2028 Revenue Growth Update (5:10pm): NVDA stock is very volatile, and after sliding 3% at first on solid earnings but weak margin guidance, the stock has since recovered and is up over 5% as the earnings call begins, on the following comments from Jensen Huang: *NVIDIA CFO SAYS SEEING DEMAND ACCELERATION EVEN AT OUR SCALE *NVIDIA CFO SAYS REVENUE […]

Don’t Trust The Midterm Polls Authored by Victor Davis Hanson via The Epoch Times, This is a lightly edited transcript of an Aug. 24 segment of the “Victor Davis Hanson: In His Own Words” podcast. Let’s have a periodic check on the status of the midterms that we’re now less than 80 days away from. The Democrats are riding high. They feel that historical trends, i.e., 39 out of the last 41 midterms, the party in the White House […]

US Universities Had Extensive Ties With Chinese Defense Research Labs, Air Force Study Finds Authored by Arthur Zhang via The Epoch Times, Thirty U.S. academic institutions have until Aug. 31 to examine specified foreign research ties or risk losing eligibility for future federal research funding. A model of a Chinese-made J-35A stealth fighter is displayed at an AVIC (China Aviation Industry Corporation) stand during the 15th […]

Secret Service Aware Of Iranian Video Threat Against Barron Trump Authored by Jill McLaughlin via The Epoch Times, The U.S. Secret Service confirmed on Aug. 25 it is aware of a video aired by Iranian state-run media that appears to threaten President Donald Trump’s youngest son, Barron, and places a $10 million bounty on him. “The U.S. Secret Service is aware of the video and investigates anything that can be perceived as a […]

Coinbase CEO Considers Joining California Exodus Over “Deeply Un-American” Wealth Tax Proposal Coinbase CEO Brian Armstrong could be the next Silicon Valley billionaire to flee California over a union-backed, draconian wealth tax scheme that critics slam as a radical wealth grab. “I think it’s deeply un-American to seize people’s assets. It might be unconstitutional,” Armstrong, who has an estimated net worth of $8.8 […]

Putin To Escalate Ukraine War In Wake Of CIA Chief’s Visit, Report Speculates Update1505ET: In the wake of yesterday’s unusual visit by the Director of the CIA to Moscow for mystery 2-hour talks, Bloomberg says that President Putin is preparing for a major escalate against Ukraine: Russia is preparing to escalate attacks on Ukraine after concluding that negotiations for a peace deal have reached a dead end, according to three […]

The Reason For The Tech Backlash Authored by Jeffrey A. Tucker via The Epoch Times, The backlash against data centers has shocked political and financial elites. It’s because it seems to stretch across the left-right divide. Indeed, it seems like the one thing most Americans can agree on: these centers need to be curbed and controlled. Part of this backlash is also targeting the Flock cameras taking over urban areas with new forms […]

Glacier Wall Collapse May Have Sparked Deadly Flash Flood That Swallowed Nepal-Tibet Border Crossing Summary: Glacier Collapse May Have Sparked Nepal Flash Flood 100 Dead, 300 Missing, according to Nepal’s government (54 Americans among hundreds missing)  Deadly Flash Flood Near Nepal’s Border with Tibet Swallows Entire Border Crossing Experts Say Glacier Collapse Sparked Deadly Flooding Reuters reports that the massive, “Day […]

Wheat Futs Surge To Three-Year High As JPMorgan, HSBC Warn Global Food Shock Is Brewing Wheat futures surged to a three-year high on Wednesday morning as traders repriced a nasty convergence of supply risks across the global agricultural supply chain. Ongoing drone and missile attacks on critical Black Sea shipping and port infrastructure are constraining Russian and Ukrainian exports, while severe Northern Hemisphere heat waves and […]

Trump Admin Defends Kennedy Center Name Plan, Warns Of Demolition Risk Authored by Kimberly Hayek via The Epoch Times, The Trump administration told a federal judge that the John F. Kennedy Center for the Performing Arts in Washington could face demolition without major renovations. Lawyers for the Justice Department made the case in a late Monday filing in defense of a recent board resolution that would add language recognizing […]

Yields Hit Session High After Subpar 5Y Auction Tails For 10th Consecutive Time As Foreign Buyers Shrink While yesterday’s 2 Year auction was absolutely blockbuster, today’s sale of 5Y paper left quite a bit to be desired. Starting at the top, today’s sale of $70BN in 2Y paper priced at a high yield of 4.393%, which was modestly below last month’s 4.408% if at the high end of all auctions in the past few years. It also tailed the […]

The Unsustainable $40 Trillion National Debt Authored by Jeffrey A. Tucker via The Epoch Times, The national debt has now passed $40 trillion. It stands at 120 percent of GDP. That should alarm us and probably does but let’s just be honest: no one can conceive of such figures. They are just floating zeros and no one has any sense of whether and to what extent this portends economic doom for us. Maybe it does or maybe it doesn’t. An […]

Trump Sends Saudi Nuclear Accord To Congress, With Israel Normalization Still Attached It’s official – a proposed agreement with Saudi Arabia on civil nuclear energy has been submitted by the White House to Congress.  The landmark nuclear accord would mean that uranium enrichment would eventually take place on Saudi territory. However, President Trump has included a major bombshell condition: he has not backed off requiring […]

Yet Another Church Torched: Cause “Unknown” Authored by Steve Watson via Modernity News, Yet another century-old house of worship has been wiped from the map. The former Friendship Baptist Church in Cleveland, Ohio – a structure dating to the mid-1890s that began life as a synagogue before becoming a Baptist sanctuary – was engulfed in a massive early-morning blaze last week. Nearly sixty firefighters fought the inferno for […]

The Great Games Afoot By Michael Every of Rabobank Brent oil is lower today at $86 on a bundle of news: US Secretary of State Rubio told allies strikes against Iran were off the table –for now — and sanctions were on it; the US was reported to be returning some diplomats to Middle East embassies withdrawn over security fears; and Iran and Oman said they had discussed a Hormuz temporary corridor and mine-clearing – though Iran […]

Democratic Party Panics As Top Lieutenants Move In Lockstep To Denounce Hasan Piker The higher-ups in the Democratic Party establishment are clearly terrified of Hasan Piker, one of the most influential media surrogates for the Democratic Socialists of America – whose members want to “dismantle the empire from within.” Piker specifically instructed his followers to kill capitalists and “let the streets soak in their fucking red […]

SoftBank Credit Risk Rises As Firm Mulls $20 Billion Bond Sale For OpenAI Stake SoftBank Group’s 8.5% notes due 2036 fell as much as 2.5 cents to about 98 cents on the dollar after Bloomberg reported that Masayoshi Son’s conglomerate is considering a $10 billion to $20 billion bond offering, prompting traders to price in additional leverage and supply risk as the investment firm plans to refinance the massive bridge loan backing its […]

Trump Admin Pauses All Visa Appointments Worldwide Authored by Kimberly Hayek via The Epoch Times, The Trump administration has paused visa appointments for applicants worldwide as the State Department launches a global training initiative at all U.S. embassies and consulates, according to a department spokesperson. Appointments for visa services will be rescheduled to accommodate the training. The State Department offered no […]

WTI Rises After Big Product Draws, Tiny Crude Build, SPR Nears ‘Tank Bottoms’ Oil prices extended their declines for a third straight day after the US plan to ramp up economic pressure on Iran spared the country’s trading partners from harsher measures for now, while mediators said they were continuing efforts to end the conflict. “There was a lot of buildup around the announcement but what we got was more a warning about where […]

“This Is Crazy” – FTC Chair Responds To Soaring Chip Costs, Floats Possible Antitrust Action We’ve covered soaring “chipflation” for months and the trend does not seem to be abating. Nvidia is reportedly informing its largest customers to expect price hikes of at least 15% for next year, possibly to set expectations of a still larger move upward… and meanwhile the semi component in the PPI looks like a 2021 memecoin: All […]

Meta Settles With US States For $16.7 Billion Over Social Media Harms To Children Meta Platforms has reached a $16.7 billion settlement to resolve a landmark claim brought by several states that the company designed Instagram and Facebook to addict children, improperly collected children’s personal data, and misled consumers about their safety.  The deal was in a Wednesday court filing in California after a lawsuit was brought […]