Ukraine Shot Down Zero Missiles In Huge Russian Overnight Salvo That Killed At Least 21 According to a growing casualty count, a large barrage of ballistic missiles fired by Russia on Ukraine has killed at least 21 people and wounded dozens more. The overnight attack has raised the alarm for Ukraine’s Western backers, given it is being widely reported that among the over two dozen ballistic and anti-ship missiles fired, not a […]

Middle East War Triggers New Global Refining Boom Submitted By Tsvetana Paraskova of OilPrice.com For the second time this decade, a war has upended global oil markets and sent oil prices and refining margins to multi-year highs, benefiting the world’s biggest oil companies and top refiners. The war in Iran has tightened fuel supply as crude oil has struggled to move through the Strait of Hormuz, triggering reduced refining […]

Progressive El-Sayed Wins Michigan’s Democratic Senate Primary Authored by Jacob Burg via The Epoch Times, ANN ARBOR, Mich. – Progressive Abdul El-Sayed narrowly defeated establishment candidate Rep. Haley Stevens (D-Mich.) to win the Michigan Democratic Senate primary in a contentious race that became a proxy fight for the broader battle within the party over its direction. Michigan Democratic Senate candidate Abdul El-Sayed […]

FAFO: Democrat Candidate Threatening Beachgoers Gets Knocked Out Cold On Beach A Democrat hopeful gunning for a seat in Congress is sitting behind bars on $1 million bail after police described a chaotic beachside confrontation on Maui that involved a knife, repeated threats, and the candidate left unconscious in the sand. Kirill Basin, the 40-year-old primary challenger to Rep. Jill Tokuda in Hawaii’s 2nd Congressional District, […]

WTI Maintains Losses After Another SPR Drain, Distillate Stocks At 30-Year Seasonal Lows Oil prices have roller-coastered overnight – higher on new Houthie attacks in the Red Sea and now lower on reports that a draft deal approval in imminent. Up… A Houthi military spokesperson said the group would escalate attacks on Saudi vessels in the northern Red Sea — the latest workaround for the kingdom’s exports to avoid the […]

We’ve Been Here Before By Bas van Geffen, senior macro strategist at Rabobank Phil Connors has woken up to another instance of the same day. The US, Iran and Oman are said to be close to a new deal to reopen the Strait of Hormuz. Axios reports that the US aims for an announcement today. So, Brent futures dropped to $79/barrel and equity markets rallied further, for the S&P 500 to set a fresh record high. The reported deal […]

US Services Surveys Signal Rebound In Growth In July, But… Following the mixed picture from yesterday’s Manufacturing surveys (ISM 4 year high, S&P Global 3 mo low driven by the bifurcated ‘AI vs The Rest’ economy), this morning’s Services sector surveys were ‘expected’ to show the opposite (ISM down, S&P Global up) all in the face of fading hard data. S&P Global US Services PMI jumped from 51.2 (final June) to 53.6 […]

US Telecoms Slide On Starlink Mobile Threat; Bernstein Sees It As A “Jab, But No Knockout Yet” U.S. telecom stocks fell in premarket trading after SpaceX, during its first earnings call as a publicly traded company on Tuesday evening, outlined its vision for Starlink to challenge Verizon, T-Mobile, and AT&T. This was the market reaction to discussions surrounding @Starlink Mobile during the SpaceX Earnings Call. The big three […]

Armed Man Named ‘Jeanine’ Arrested At Trump’s California Golf Course Ahead Of President’s Visit Authored by Kimberley Hayek via The Epoch Times, A California man carrying ammunition and with a gun in his car was arrested Sunday at President Donald Trump’s Los Angeles-area golf course after authorities say he was observed walking through the grounds, taking photographs as well as video, and appearing to monitor security […]

Iran Set To Emerge With More Hormuz Leverage Than Before The War Under Draft US-Oman Deal President Trump said late Tuesday that talks with Iran are “moving along very nicely” – in a highly fluid and ambiguous situation where it appears the two sides are only interacting indirectly at best. But the Iranian side has continued to insist that there are currently no peace or ceasefire talks happening, but only the Iran-Oman […]

Abbott Orders Pause On Texas Data Center Approvals Pending Audit Texas Governor Greg Abbott just ordered a pause on approving new data center projects via the state’s grid interconnection process over concerns that a surge in electricity demand could threaten reliability amid growing opposition to the projects.  The timing couldn’t be worse – as Texas is on the cusp of becoming one of the world’s largest hubs for […]

Treasury Refunding: No Change To Auction Sizes As Bessent Deepens Reliance On Short-Term Debt For yet another quarter, the Treasury’s Quarterly Refunding offered no surprises, which considering the state of the US bond market is probably not a bad thing.  In its 8:30am ET report, the US Treasury retained its previous guidance for future debt issuance, signaling no change in note and bond auction sizes well into 2027 even as […]

“This Is Going To Surprise Some People”: Leading Biden COVID-19 Figure Embraces The Lab Leak Theory Authored by Jonathan Turley, Former Biden White House COVID-19 Response Coordinator Dr. Ashish Jha this weekend became the latest denier of the lab theory to do a 180-degree turn. During the interview with CNN’s Dana Bash, Jha admitted that he now believes that the most likely explanation is a lab leak at the Wuhan Institute of […]

“Hiring Patterns Are Changing”: ADP Reports Weakest Job Gains In 6 Months, But… Following a weaker than expected JOLTS report, but better than expected ISM employment data, ADP reports today (ahead of Friday’s payrolls report) that the US economy added only 44k jobs in July (below the 65k expected and the lowest since January) after a revised 95k increase in the prior month… With the Goods-producing side of the economy losing […]

Futures Hit New Record High On Strong Earnings Following Historic Call Buying Frenzy S&P 500 futures are up following yesterday’s first ATH since June; both tech and small caps are lagging, pointing to another potential broadening. A jump in US tech stocks is holding too, with Nasdaq-100 contracts rising after a 3.3% surge in the session before, powered by semiconductor stocks and blowout Palantir earnings. S&P futures are […]

Brent Bounces As Houthis Attack, Sink Vessel Off Yemen With Sea Drone The Houthis have quickly made good on their earlier threat, with the United Kingdom Maritime Trade Operations (UKMTO) Centre having reported the following fresh attack off Yemen: UKMTO has received a time-late report of an incident 9NM southwest of Al Mukha, Yemen. The CSO of the vessel has reported that the vessel was attacked by an Uncrewed Surface Vessel […]

Fauci’s Time Is Up… Authored by Steve Watson via Modernity News, Sen. Rand Paul has locked in the date for a committee vote that could finally impose real consequences on Anthony Fauci, the longtime public health official whose pandemic-era decisions reshaped daily life for millions of Americans. On Thursday, the Senate Homeland Security and Governmental Affairs Committee will vote on a resolution holding Fauci in contempt of […]

“Momentum Continues”: Lilly Jumps After Raising Revenue Outlook On Surging GLP-1 Demand Shares of Eli Lilly & Co. are rising in premarket trading after the pharmaceutical giant raised its full-year revenue forecast following a 48% jump in second-quarter sales, fueled by accelerating demand for the diabetes drug Mounjaro and the obesity treatment Zepbound. Lilly’s second-quarter results topped Wall Street expectations: Adjusted […]

Inside Ford’s “Passionate” Reinvention Ford has reshaped its business by narrowing its lineup to vehicles with stronger brand appeal and higher profit potential. Instead of offering a wide range of sedans, hatchbacks, and family cars, the company is concentrating on trucks, SUVs, sports cars, and models that customers can personalize with factory-backed upgrades, according to a new Wall Street Journal report. At a recent event, […]

BP Retreats Further From Green Energy With Archaea Sale Via City A.M., BP plans to sell Archaea Energy after the US biogas operation delivered weaker-than-expected returns. Second-quarter adjusted profit climbed to $5.7 billion as Middle East disruption lifted oil and gas prices. Meg O’Neill is simplifying BP’s portfolio, reducing debt and concentrating investment on its most profitable assets. BP has announced […]

You’ll Never Guess Which Nation Drinks The Most Tea Or Coffee With a global market valued at more than $300 billion in 2026, tea is said to be the second most consumed hot beverage in the world. As the United Nations notes, the tea industry provides “a major source of income and export earnings for some of the poorest countries and, thanks to its high labor requirements, generates numerous jobs, particularly in remote and […]

New Signals Point To Another Possible Migrant Invasion Against Ceuta The scenes from the Ceuta invasion were deeply alarming, as 60,000 predominantly military-aged men, many carrying no supplies, crossed from Morocco into the Spanish enclave. The invasion set off alarm bells across the West, reinforcing concerns that uncontrolled mass migration poses a major national security risk. According to The Sun, there are new concerns […]

France’s €107 Billion Deficit Shock: The Next Euro Debt Crisis? Submitted by Thomas Kolbe Tuesday marked another low point for European fiscal stability. France, a cornerstone of the euro system, confirmed once again that it remains a leading candidate and potential trigger for a future euro financial crisis. According to the French Ministry of Finance, the deficit of the French central government amounted to around €107 […]

How Economic Power Has Shifted Over The Past 200 Years Over the last 200 years, economic leadership has shifted from China to the British Empire, then to the United States, and increasingly back toward Asia. This streamgraph, via Visual Capitalist’s Gabriel Cohen, tracks how the share of global gross domestic product (GDP) held by major economies changed from 1820 to 2025. The visualization incorporates the latest available data […]

US Expands Strategic Foothold On Somalia’s Coast As Yemen Conflict Simmers Authored by Dave DeCamp via AntiWar.com, A US military delegation visited the local government in Somalia’s northeastern Puntland region on Sunday and signed a deal to expand the US military presence in Bosaso, a port city on the Gulf of Aden, according to the Puntland government. Saeed Abdullahi Deni, the president of Puntland State, held talks with a […]