Weingarten Blames Screens, Not Herself, For Falling Test Scores Authored by Aaron Withe and Tina Snider via RealClearPolitics, American Federation of Teachers President Randi Weingarten is sounding the alarm about the decade-long decline in student test scores, pointing to screens and devices as a culprit. She’s calling it a “call to action.” She left out the part about how she helped cause the problem in the first place. For […]

Beer Demand Goes Flat As Even Alcoholics Pull Back With Gas Above $4 Beer sales across the U.S. over Memorial Day weekend were troublingly soft, according to a new Goldman report, which attributed the weakness primarily to a “challenging macro backdrop” and unusually cold weather across parts of the Lower 48 states. The Gulf-related fuel price shock has kept the national average for 87-octane gasoline above the politically […]

Rubio Says ‘We Remember Their Lives And Honor Their Legacy’ On Tiananmen Massacre’s 37th Anniversary Authored by Melanie Sun via The Epoch Times, U.S. Secretary of State Marco Rubio issued a statement to mark the 37th anniversary of the Chinese Communist Party’s Tiananmen Square Massacre. “On June 4, the world marks 37 years since the Chinese Communist Party ordered its troops to attack thousands of peaceful demonstrators in […]

Korean Officials Are “Paying Close Attention” As Foreign Outflows Trigger Bond/Won Collapse Unless you have been living under a rock, you’ll know that South Korea’s stock market has been rocketing higher on the back of the AI/Semi speculation as SK Hynix and Samsung have dominated (accounting for over 40% of the KOSPI market cap)… But, as the following chart from Goldman Sachs shows, this surge in Korean stocks has been driven […]

63 Arrested, Crypto Millions Frozen As FBI, DOJ Team Up With Meta, Coinbase And Starlink To Bust Scammers Authored by Naveen Athrappully via The Epoch Times, More than 1 million scam-related online accounts were taken down, and millions of dollars worth of cryptocurrency were frozen, as part of a crackdown on Southeast Asian scam networks. Scam center workers, many of whom were trafficked and forced to work for criminals, are […]

Communist Hasan Piker Blames “Homo-Fascism” After Scott Wiener Crushes His Preferred SF Candidate Far-left Turkish-American millionaire and Twitch streamer Hasan Piker lashed out during a Tuesday livestream after his friend, San Francisco congressional candidate Saikat Chakrabarti, was badly defeated in the primary race to succeed Nancy Pelosi. Chakrabarti, a former aide to the unhinged socialist NY Rep. Alexandria Ocasio-Cortez, […]

Obamacare Fraud Estimated To Cost $25 Billion This Year: Report Authored by Lawrence Wilson via The Epoch Times, Taxpayers will foot the bill for up to $25 billion in improper Obamacare payments due to organized fraud and improper enrollments in 2026, according to a June 3 report from Paragon Health Institute. A pedestrian passes an insurance agency that offers Affordable Care Act plans in Miami, on Jan. 28, 2021. Joe Raedle/Getty […]

Trump Softens Red Line: ‘No Reason’ To Retrieve Iran’s Nuclear ‘Dust’ As It’s Effectively ‘Entombed’ Summary Trump remarks suggest the fate of Iran’s stockpile of enriched uranium is no longer be the central issue it once was. Hezbollah chief rejects outcome of Lebanon-Israel talks, insisting that a truce must encompass whole country. WSJ reports that the White House intends to maintain a ceasefire with Iran unless American […]

Mapping America’s Robotaxi Boom As Driverless Fleets Hit More Cities Robotaxi deployments are entering the scaling phase across major U.S. cities as Waymo, Lyft, Tesla, Zoox, and other autonomous vehicle firms push fleets deep into cities. The autonomous rideshare market remains in its early chapters, but the direction of travel is clear even to the modest observer: robotaxis are moving from the test phase to becoming an […]

Zelensky Pens Lengthy Letter To Putin: ‘Enough Of War, I Am Proposing A Meeting’ On Thursday Ukrainian President Volodymyr Zelensky proposed a face-to-face meeting with Vladimir Putin in a rare open letter sent to the Russian leader. It said Ukraine is also ready for a “full ceasefire.” “Ukraine proposes ending this war through direct engagement between us – and you. I am proposing a meeting,” Zelensky said in the letter. “Ukraine […]

“Bring Your Own Capacity” – Google And Voltus To Deploy Virtual Power Plant  Google signed a three-year Bring Your Own Capacity (BYOC) agreement with Voltus for up to 100 MW of accredited distributed capacity in the PJM Interconnection. Voltus will aggregate batteries, smart thermostats, electric vehicles, and other flexible assets from homes and businesses into a Google-funded Virtual Power Plant (VPP).  When the grid needs […]

Lights Out For Sleep Number, Shares Crash On Potential Bankruptcy Filing Sleep Number Corporation shares crashed after multiple outlets, including The Wall Street Journal and Bloomberg, reported that the mattress and bedding retailer is preparing to file for Chapter 11 bankruptcy. WSJ said that Sleep Number is “expected to use the Chapter 11 process to restructure its balance sheet while continuing operations. The reorganization […]

Heavily Shorted Rumble Soars After Landing “Largest Customer Commitment To Date” In $270M AI Cloud Deal Shares of the free-speech video platform and cloud-services company Rumble soared in premarket trading after it announced in an 8-K filing that it had signed a multi-year, $270 million deal with a third-party cloud customer for dedicated GPU cloud capacity powered by Nvidia Blackwell B300 systems. The deal, announced Thursday […]

Satellite Imagery Appears To Show Damage At US Airbase In Kuwait After Iranian Attack Via Middle East Eye Satellite imagery appears to show damage to a US air base in Kuwait following Iranian strikes on Wednesday. New imagery of the site released by Soar Atlas seems to show a destroyed shelter at the US Ali Al Salem Air Base, despite US Central Command (CENTCOM) insisting that all the missiles and drones targeting the site […]

US Sellers Pull Homes Off Market At Near-Record Pace As Buyers Balk At High Prices With March home prices across the US sliding sequentially almost 0.2%, and rising just 0.83% YoY, the weakest annual appreciation since July 2023… …  the balance in the real estate market is rapidly shifting away from a sellers’ market. And sellers are not happy. A near record 5.8% of all US home listings were pulled off the market in April, […]

Trump Signs Executive Order To Facilitate Firing Federal Employees Via American Greatness, President Donald Trump on Wednesday formally advanced a long-sought effort to make it easier to remove senior federal employees involved in policymaking, arguing the change will help ensure government agencies are responsive to elected leadership and the American people. Trump signed an executive order implementing Schedule […]

Coinbase Launches Pre-IPO Perps, Starting With Elon Musk’s SpaceX Authored by Ryan Gladwin via Decrypt.co, Cryptocurrency exchange Coinbase is rolling out a perpetual futures product for pre-initial public offering (IPO) companies, allowing traders to speculate on a company’s valuation before its debut. The first pre-IPO company to be traded on the platform is Elon Musk’s aerospace company, SpaceX. The SpaceX pre-IPO will be […]

House Defies Trump By Advancing $8BN New Ukraine Aid Package Late Wednesday saw President Trump receive a rare and much belated rebuke from the House of Representatives as it voted to pass a war powers resolution related to Iran. The passed resolution directs the withdrawal of US troops from armed hostilities with Iran, in a closely divided 215–208 vote, aided by four Republicans. But this wasn’t the only Trump-defying vote that […]

Standard Chartered Sees Bitcoin Bottom “Almost In” As Crypto Crashes To 3-Month-Lows Authored by Naga Avan-Nomayo via TheBlock.co, After a brutal week for bitcoin (down over 20% in the last 9 days), Standard Chartered said the worst may soon be over for the largest cryptocurrency and the broader digital asset market. The bank’s Global Head of Digital Assets Research, Geoffrey Kendrick, said in a note entitled “The Low Is Almost […]

“Disappointing Update”: Calvin Klein Owner PVH Crashes Most Since 1987 After Dismal Outlook The apparel company behind Calvin Klein and Tommy Hilfiger was hammered in early U.S. cash trading, falling as much as 30%, its steepest intraday crash since 1987. Analysts were spooked by sustained pressure across the Europe, Middle East, and Africa region, where the prolonged U.S.-Iran conflict and softer consumer demand are now weighing on […]

The United States Of Austrian Economics By Molly Schwartz, cross-asset macro strategist at Rabobank Earlier in the week, on Monday, Axios reported that “Iran threatened to abandon the negotiations with the US over Israel’s actions in Lebanon,” with inside sources suggesting that Trump called Netanyahu “crazy.” While Trump did not comment on the exact language, he did confirm the use of “expletives” in an interview […]

John Bolton To Plead Guilty In Documents Case, Pay $2M Fine: Report John Bolton, former national security adviser to President Donald Trump, has reached a plea deal with federal prosecutors and is expected to plead guilty to one count of illegal retention of sensitive national security documents, according to CNN, citing three sources familiar with the matter. Under the agreement, Bolton will pay a fine of more than $2 million. […]

Flesh-Eating Screwworm Detected In Texas, Threatening Already-Strained U.S. Cattle Herd Concerns over the New World screwworm (NWS) have been building for the last 12 months as the deadly cattle parasite spread through Mexico and the Trump administration attempted to prevent its spread into the U.S. Those concerns have now turned into red alerts after the USDA confirmed a single case in Texas, marking the first U.S. detection in […]

Blackstone’s Private Credit Fund Joins Peers In Gating Investors After Surge In Redemptions The private credit gates are shutting all over again. After virtually every marquee private credit fund limited withdrawals after being flooded with redemptions requests in Q1, we are seeing more of the same as the second quarter rolls out. And two days after Cliffwater LLC capped redemptions at 5% after investors requested 17% to be […]

Jamie Dimon To Hold “Live Interactive Discussion” With Super-Rich Clients As SpaceX IPO Roadshow Commences SpaceX is reportedly targeting a valuation of about $1.8 trillion as it prepares to go public next Friday, trading on the Nasdaq exchange under the ticker symbol SPCX. Last month, Goldman Sachs was selected as the lead bank for the SpaceX listing, alongside Morgan Stanley. JPMorgan, Bank of America, and Citigroup are also […]