United Airlines CEO Warns Summer Airfares Will Spike, Tells Travelers To Book Now United Airlines CEO Scott Kirby told ABC News on Wednesday that the month-long U.S.-Iran conflict and the resulting spike in jet fuel prices are set to push domestic summer airfares higher. Kirby told ABC that ticket prices will have to rise by 20% to offset the more than 80% jump in jet fuel prices since the conflict began late last month. He said […]

Measuring Poverty Correctly Reveals A Hard Truth About The Welfare State Authored by Tyler Turman via TheDailyEconomy.org, America has spent more than $20 trillion on fighting poverty since the introduction of President Johnson’s Great Society program in 1964. Sixty years later, how are we doing? That depends, as it turns out, on how you measure it. Last month, Senator Kennedy (R-LA) introduced a bill that would require […]

Republican Lawmakers Led By Nancy Mace Begin To Break With Trump On Iran War: ‘We Were Misled’ Republican lawmakers are belatedly starting to wake up to the potential for the United States to once again get bogged down in yet another Middle East quagmire, but this time with a country double the size of Iraq (both in geography and population). GOP Rep. Nancy Mace has led the charge this week, blasting any potential Trump admin move […]

Can The Courts Delete Democracy? Authored by Jeffrey Tucker via The Epoch Times, Our forefathers had the idea of creating a government of, by, and for the people. The crucial tool to make this possible was the vote: The people would have their way, within law, and through their elected representatives. The idea was rooted in the ancient idea of democracy but with a republican twist—it would not be mob rule. There would be […]

Ukraine Government Schemed To Funnel War Aid To Biden Campaign According to a newly declassified intelligence report, U.S. intelligence agencies intercepted communications from Ukrainian government officials back in 2022 discussing a scheme to siphon off hundreds of millions in American taxpayer dollars. The funds, earmarked for clean energy projects in the war-torn country, were allegedly redirected to the United States to benefit […]

O’Keefe Catches Skid Row Fraudsters Paying Homeless People To Forge Signatures On Ballots Authored by Debra Heine via American Greatness, Paid activists in Los Angeles, California, have been caught on hidden camera paying homeless people on skid row to forge signatures of registered voters on ballot initiatives. O’Keefe Media Group (OMG) released part Two of its undercover investigation into the Democrats’ blatant election […]

Trump Delays Iran Attack Deadline By Another Ten Days Summary Iran rejects US plan but says diplomacy continues (indirectly, apparently) – White House, Pentagon reviewing options for ‘final blow’ as Trump tells Iranians ‘get serious’ about talks. Hegseth: we’ll “negotiate through bombs”. Trump asserts Iran is begging for a deal. Trump extends energy destruction ‘deadline’ to 10 days – oil slides & almost immediately […]

Iran Earning $139 Million A Day From Oil As Hormuz Crisis Locks Out Rivals By Charles Kennedy of OilPrice Iran’s oil exports have not collapsed and are fetching much higher prices than before the war, handing Tehran handsome extra revenues from its crude, which is the only one unimpeded from transiting the Strait of Hormuz. Unlike all other Gulf producers, Iran is passing its oil through the Strait of Hormuz and its export […]

Microsoft Freezes Hiring In Cloud And Sales As Stock Suffers Worst Start To Year On Record Microsoft shares were trading lower Thursday afternoon, leaving the stock deeper in bear-market territory and down about 24% on the year. Seasonal data suggests it is the worst start to a year for Microsoft on record.  A new report from The Information says Microsoft executives have instructed managers across major divisions, including […]

Coinbase Opposes Stablecoin Compromise In Senate Crypto Bill: Report Authored by Jesse Coghlan via CoinTelegraph.com, Crypto exchange Coinbase is reportedly against the latest compromise over stablecoin yields that the Senate is looking to include in its crypto market structure bill. Coinbase representatives told Senate lawmakers in a meeting on Monday that they had concerns over the language around stablecoin yields in the new […]

Wall Street Bonus Pool Hits Record Despite “Domestic And International Upheavals” As the K-shaped economy rages on, gasoline and diesel prices at the pump spike, and risks of food inflation later this year mount, Wall Street’s bonus pool surged to a record in 2025, even as the Trump administration insists the inflationary shock is temporary. On Thursday, New York State Comptroller Thomas DiNapoli released a new report showing that […]

Putin Issues Some Frank Thoughts On ‘Unpredictable’ Iran War Russian President Vladimir Putin on Thursday delivered some rare, wide-ranging and frank commentary on the US-Israeli war against Iran. He compared the war and the Hormuz Strait closure, and subsequent impact on global energy, to the massive widescale impact of the Covid-19 pandemic. But he also stated that outcomes to the war are at this point too hard to predict. via […]

Turkey Dumped 58 Tons Of Gold After Iran War Started, Slamming Price There has been much speculation about the mystery seller(s) that sent gold sliding into a bear market from its January high: was it a sovereign seeking to plug holes in their budget from the recent surge in oil, a “market maker” trying to spark stop loss liquidations, or just retail investors taking profit after one of the best years in history for the precious […]

Ugly 7Y Auction Has Lowest Bid To Cover Since September, Biggest Tail Since 2024 After two “terrible” coupon auctions earlier this week, moments ago the Treasury concluded the week’s final auction when it sold $44 billion in 7 Year paper. It may not have been quite as terrible as the previous two, but it wasn’t much stronger either. Starting at the top, the auction stopped with a high yield of 4.255%, up sharply from 3.790% in […]

“Don’t Be Evil”: Google’s Motto Becomes A Jury Verdict In California Authored by Jonathan Turley via jonathanturley.org, Google once had a motto: “Don’t be evil.” In its reorganization in 2015, the motto was changed to “Do the right thing.” According to a California jury this week, neither motto stuck. In a historic verdict against both Google and Meta, a jury found that the companies maliciously designed their […]

Jesse Ventura Claims Trump Staged Assassination Attempt With Wrestling ‘Blade Job’ On His Own Ear Authored by Steve Watson via modernity.news, Jesse Ventura went full conspiracy mode on Piers Morgan’s show, suggesting President  Trump faked the July 13, 2024, assassination attempt in Butler, Pennsylvania, complete with a self-inflicted “blade job” cut to his ear for dramatic effect. The former Minnesota governor and […]

’13 US Bases Uninhabitable’: Pentagon Admits Much Of Iran War Overseen By Personnel ‘Working Remotely’ The New York Times really buried the lede in a fresh report entitled “Iran’s Attacks Force US Troops to Work Remotely.” With the report noting that before the Iran war started the Pentagon had some 40,000 troops in the region, we are told that many have been widely dispersed due to the Iranian retaliatory bombing campaign on the […]

Gold Vs Bitcoin: Can Either Usurp The Dollar’s Reign? Tonight at 7pm ET, wealth manager Peter Schiff will debate bitcoin investor Mark Moss on the future of hard assets and the global monetary system.  Since the start of the war in Iran, Bitcoin and gold have reversed roles. While BTC used to trade like a leveraged tech stock, tanking on any shaky geopolitical news, it surged since Trump started bombing. Gold meanwhile, briefly […]

USC Cancels Gubernatorial Debate Due To Absence Of Candidates Of Color Authored by Jonathan Turley via jonathanturley.org, The University of Southern California (USC) is under fire after canceling the California gubernatorial debate with less than 24 hours’ notice.  The reason? None of the polling candidates are people of color. It was a crushingly revealing moment in a state where universities have long defied voters who […]

US Postal Service Plans 8% Fuel Surcharge As Iran War Raises Transport Costs By Eric Kulisch of FreightWaves, The U.S. Postal Service is seeking permission to impose a fuel surcharge on parcel products for the first time ever to cover soaring transportation costs for gasoline and diesel fuel, which have jumped more than 30% since the invasion of Iran by the United States and Israel nearly a month ago. Parcel shipments would be […]

One Day Until Trump’s Self‑Imposed 5-Day Deadline On Iran But Markets Appear Increasingly Numb By Molly Schwartz, Cross Asset Macro Strategist at Rabobank More persistent inflation Yesterday, Iran rejected the US-proposed 15-point plan, instead laying out its own conditions in a 5-point plan; (1) halt the killing of Iranian officials; (2) means to make sure no other war is wage against it; (3) reparations for the war; […]

“Historic Injustice”: DOJ Settles With Retired Gen. Flynn For Malicious Russiagate Prosecution Authored by Troy Myers via The Epoch Times, The Department of Justice (DOJ) and retired Lt. Gen. Michael Flynn, a former national security adviser in President Donald Trump’s first term, reached an undisclosed financial settlement Wednesday, according to court documents. Flynn sought a $50 million payout from the government for what […]

Iran “Laying Traps” And “Building Up Defenses” On Kharg Island, Preparing For U.S. Ground Attack Iran has recently bolstered its defenses around Kharg Island, anticipating a possible US move to seize the key oil export hub, CNN reported this week. The island is vital to Iran’s economy, handling roughly 90% of its crude shipments, and has become a focal point in escalating tensions. The Trump administration has explored the option […]

Jobless Claims Hover Near Record Lows Sustaining ‘No Hire, No Fire’ Narrative The number of Americans filing for unemployment benefits for the first time was flat from the prior week at 210.5k (215k exp). Simply put, these numbers are hovering near their lowest levels since 1969… Source: Bloomberg Continuing claims also printed below expectations at 1.819 million Americans. This is the lowest level since May 2024… Source: […]

Stocks, Bonds Slide As Ceasefire Hopes Fade It’s Day 27 of the war: stocks and bonds fell globally as ceasefire optimism fades given mixed messages on progress toward ending the war in Iran and growing uncertainty over Iran’s willingness to engage in talks about a ceasefire in the Middle East sent oil prices higher. Futures gapped lower just after 5am ET, when Axios reported that the Pentagon is developing military options for a […]