Biden Judge Sparkle Sooknanan Blocks Trump Admin SAVE Act Database A Biden-appointed federal judge – who quit her previous job as partner at the Jones Day law firm because they did work for the 1st Trump administration – just ruled against the administration’s plan to create a database to verify citizenship to be able to vote in US elections.  Judge Sparkle Sooknanan ruled on Monday that officials across several government […]

Waymo Recalls Robotaxis After Cars Drive Into Construction Zones Authored by Jill McLaughlin via The Epoch Times, Waymo has recalled its entire fleet of vehicles after some of its driverless cars were caught speeding into freeway construction zones. The voluntary recall on June 13 of the California-based tech company’s 3,871 vehicles is to fix its 5th-generation Automated Driving System (ADS) software so that it will recognize […]

China Gold Imports Soar To Two Year High, As Hong Kong Gold Bar Imports Surge Ahead Of Clearing System Launch China’s monthly gold imports reached their highest in more than two years in May, showing the world’s biggest buyer’s appetite for bullion remained resilient as prices remained under pressure; the number prompted some to scratch their heads as to where all this gold is going in light of tepid official central bank […]

Ron Paul: Trump’s Attempt To End The Iran War Infuriates The Uniparty Authored by Ron Paul Against the odds, the Memorandum of Understanding signed by the US and Iran appears to be holding, after threats and counter-threats. It may collapse, but it has survived a first round of talks between the two sides in Switzerland over the weekend. President Trump started a war on Iran against all sober guidance and in violation of the US […]

JD CEO Warns 700,000 Delivery Workers Will Be Replaced By Robots “Sooner Or Later” The founder of China’s largest e-commerce and logistics companies fired off a warning shot to hundreds of thousands of delivery workers that the rise of automation and AI adoption in the last-mile will result in hundreds of thousands of job losses “sooner or later.”  Richard Liu, founder and chair of JD.com, told the audience at the Asia-Pacific […]

“F**k Around And Find Out”: Philly DA’s Campaign Slogan Comes Back To Bite Him Authored by Jonathan Turley, District Attorney Larry Krasner is something of a bargain for Philadelphia. According to the Pennsylvania Supreme Court, he has not only been serving as the city’s prosecutor but effectively as its top public defender. Krasner’s record is the subject of a scathing new opinion, which accuses him of leading a dishonest […]

“I Want Guns”: Bill Maher Blasts California’s “Ridiculous” Self-Defense Laws Bill Maher just cornered California Democratic Rep. Ro Khanna when he admitted he ‘wants a gun,’ – but that it makes “no sense” to own one in California because “you might be the one to go to jail” for using it. Khanna’s answer was some grade-A bullshit. As The Vigilant Fox notes:  Bill Maher confronts Ro Khanna over California’s “ridiculous” gun […]

When Will Gasoline Prices Return To Pre-War Levels? Authored by Robert Rapier via OilPrice.com, Oil futures have quickly priced in a favorable outcome from U.S.-Iran diplomacy, but physical oil flows, shipping networks, and refinery supply chains take much longer to normalize. Low global inventories and the need to replenish strategic and commercial stockpiles could create significant demand for crude even after supply […]

Judge Quashes “Blatantly Unlawful” DOJ Subpoenas Targeting Walz And Ellison In ICE-Obstruction Case A federal judge has quashed six DOJ grand jury subpoenas issued to Minnesota officials, including Gov. Tim Walz, Attorney General Keith Ellison, Minneapolis Mayor Jacob Frey, St. Paul Mayor Kaohly Her and officials in Ramsey and Hennepin counties. US District Judge Patrick J. Schlitz ruled that the subpoenas amounted to […]

Slouching Toward Peace With Washington In Good-Cop/Bad-Cop Mode Authored by James Howard Kunstler, “. . .They are running the Accords logic to its conclusion: every adversary becomes a counterparty, every conflict becomes a deal, every closed economy becomes an investable market.” – Patrick Wood That squawking you hear is Iran getting dragged kicking and screaming out of its jihad delirium into something that might look like […]

Definium Soars As Much As 50% After LSD-Based Depression Drug Meets Late-Stage Clinical Trial Goal Definium Therapeutics shares surged as much as 54% on Monday, reaching $37.90 in morning trading as investors reacted positively to developments in the biotech company’s research pipeline and potential strategic opportunities. Definium Therapeutics said its LSD-based depression drug, DT120, met the main goal of a mid-stage trial, […]

Nadella’s Hedge: Microsoft Wants To Make AI Models Cheap – Then Own The Rails They Run On The entire AI capital cycle – roughly $700 billion in hyperscaler capex this year, an estimated $2 trillion-plus through 2028 – is collateralized by one belief: that intelligence is scarce, and therefore priceable. That belief is already under strain. Per-token inference prices have fallen on the order of 200× in a year, and the only thing […]

The Technical Backdrop: When Flows Meet A Hawkish Fed Authored by Lance Roberts via RealInvestmentAdvice.com, Here’s the setup most investors are underrating right now. Over the next two weeks, the tape will trade on plumbing rather than fundamentals. We just cleared the largest options expiration in history. Quarter-end pension selling comes next, and then July 1 reopens the passive-money firehose into a market that already […]

Another Ukrainian Drone Wave On Moscow Temporarily Shuts Down All Four Capital Airports Yet another major Ukrainian drone attack wave on Moscow has shut down all regional airports, and sent parts of the capital city into temporary panic, and involved dozens of drones shot down overnight. Over 80 drones were intercepted in the past 24 hours, Moscow mayor Sergei Sobyanin announced Monday on Telegram. He didn’t offer numbers in terms […]

Nursing School Owner Pleads Guilty After Issuing Nearly 3,000 Fake Diplomas Authored by Naveen Athrappully via The Epoch Times, Carleen Noreus, who owned two nursing schools in South Florida, has pleaded guilty to her role in a scheme that sold nearly 3,000 fraudulent nursing diplomas, the Department of Justice (DOJ) said in a June 18 statement. A person receives a vaccine in Los Angeles, in this file photograph. Robyn Beck/AFP via […]

Trump Renews Threat Of Legal Action To New York Times Over Iran Coverage Authored by Owen Evans via The Epoch Times, U.S. President Donald Trump renewed his threat of legal action against The New York Times on June 21, accusing the newspaper of publishing “treasonous” coverage that downplayed the impact of the nearly four-month war with Iran. The New York Times Building in New York City on Feb. 5, 2024.Samira Bouaou/The Epoch […]

Prime Minister Keir Starmer Resigns As UK Faces 7th Leader In A Decade The Keir Starmer experiment is officially over, as was growing increasingly clear over the weekend, especially with an interestingly-timed Trump Truth Social statement. Just under two years after capturing the keys to Number 10, the British Prime Minister has thrown in the towel after succumbing to an internal party mutiny following days of intense, closed-door […]

Tehran Disputes Vance Claims On Nuclear Inspections & Assets For Agriculture Funding Amid Oil License Deal Summary Unfreezing Assets divergence in official rhetoric: “It is not true that Iran’s blocked funds will be used to buy grain, and it is not mentioned in any understanding,” Nuclear Inspector divergence: Vance said Iran agreed to admit nuclear inspectors, but Iranian state media denied any such agreement was reached. […]

Rep. Hunt: Racial Argument Against Voter ID Is ‘Insulting’ Authored by Catherine Salgado via PJMedia.com, Rep. Wesley Hunt (R-Texas) emphasized to Congress the importance of passing the election integrity SAVE America Act and rejected woke arguments against voter ID as racist and condescending. Democrats’ idiotic arguments against requiring ID to vote include claiming that black Americans are somehow mysteriously unable to get […]

Iran Tried To Bring IRGC-Linked Individuals Into US With World Cup Delegation: Homeland Security Chief Via American Greatness, Homeland Security Secretary Markwayne Mullin said Sunday that Iranian officials attempted to bring multiple individuals with alleged ties to the Islamic Revolutionary Guard Corps into the United States as part of the country’s World Cup soccer delegation. Mullin made the remarks during an interview […]

“DeepSeek Of The West” Reflection Inks Major Compute Deal With SpaceXAI SpaceX shares tumbled for a third straight session, down around 9% late in the U.S. cash morning, after the Elon Musk-led company said it would sell investment-grade bonds for the first time. However, a new headline crossed around 11:05 a.m. ET via Axios, reporting that Reflection, the Nvidia-backed open-source AI startup, had signed a major compute deal with […]

Repairs To Reflecting Pool Will Begin Immediately, Trump Says, Citing Vandalism Authored by Aldgra Fredly via The Epoch Times, President Donald Trump said on Sunday that work to repair the Lincoln Memorial Reflecting Pool in Washington will begin immediately after it was damaged by vandalism. The Lincoln Memorial Reflecting Pool is refilled after it was repaired and repainting as part of President Donald Trump’s “Make the […]

Chevron Lands 20-Year Deal To Power Microsoft’s AI Expansion Microsoft has signed a 20-year agreement with Chevron to power a massive new AI-focused data center campus in West Texas, underscoring the growing race among tech companies to secure reliable energy supplies, according to Bloomberg. The project, known as Project Kilby, is expected to begin generating power in 2028 and eventually reach 2.67 gigawatts—enough electricity […]

Diverging Markets And Converging Talks? By Teeuwe Mevissen, senior macro strategist at Rabobank Financial markets continue to navigate an increasingly complex macro landscape, defined by the interaction of geopolitical shocks, resurgent inflation pressures, and diverging central bank responses. The key theme remains the tension between resilient risk assets—particularly equities—and a more cautious signal emanating from fixed […]

Key Events This Week: Core PCE, Global PMIs, Micron Earnings And Fed Talk The main data highlights this week are the global flash PMIs tomorrow, and the US core PCE on Thursday. Elsewhere, other data of interest include the Ifo survey in Germany (Wednesday), Tokyo CPI in Japan (Friday), and CPI reports in Canada (today) and Australia (Wednesday). Also focus will be on the UK where Keir Starmer announced his resignation earlier today […]