Jack Smith’s Team Spied On 44 Lawmakers’ Texts, Built A Case On Them, And Misled Congress: Grassley Former special counsel Jack Smith’s investigators blew past the Justice Department’s own privilege safeguards to directly access text messages between Trump White House officials and 44 members of Congress – then had the FBI match the phone numbers to lawmakers’ names, according to DOJ records released Tuesday. Assistant Attorney […]

Rubio Invites Countries To Summit Addressing “Underestimated Threat” From Far-Left Terrorism Authored by Bryan Hyde via American Greatness, Secretary of State Marco Rubio is will meet with delegations from scores of countries this week for a summit focused on the neglected threat posed by “the resurgence of transnational far-left terrorism.” ABC News reports that a note shared with foreign governments describes the concept […]

New York’s Millionaire Exodus Is Costing Billions In Lost Revenue Mayor Zohran Mamdani stood outside Ken Griffin’s $238 million Manhattan penthouse in April and declared victory. “When I ran for mayor, I said I was going to tax the rich. Well, today we’re taxing the rich,” he said in a social media video marking the debut of New York City’s first pied-à-terre tax, an annual fee on luxury properties worth more than $5 million whose […]

Largest US Power Grid Is 6.8 Gigawatts Short To Ensure Reliability On Historic Data Center Boom The largest US power grid failed for a third straight year to secure enough future supply commitments to ensure reliability for the future amid a historic boom in data center demand. PJM Interconnection, the largest US power grid (Regional Transmission Organization), which serves 67 million customers in 13 states and Washington, DC, said […]

Rubio Pledges To Dismantle International Criminal Court’s Threat To US Sovereignty Authored by Victoria Friedman via The Epoch Times, The State Department is launching a campaign to “dismantle the threat posed by the International Criminal Court to U.S. sovereignty,” the department said, including through disabling the court’s ability to target American servicemen or officials. The State Department said in a July 13 […]

New York Becomes First State To Enact One Year Ban On New Data Centers The blowback against data centers escalated this morning, when New York became first state in the nation to enact a moratorium on data centers, pausing construction on new facilities for one year. An executive order by Gov. Kathy Hochul bans state lawmakers from approving environmental permits for hyperscale data centers. Hochul said Tuesday the pause will give […]

Offload Risks Onto The Bottom 90% And Immiseration Follows Authored by Charles Hugh Smith via OfTwoMinds blog, The underlying story of the past 50 years has been the offloading of risk onto workers and consumers. On my map of how the world works, we start with structures of control that distribute the good stuff–resources, assets, income and power–and the bad stuff: costs, losses and risks. As I explained in The US Economy […]

Venezuela’s Oil Revival Faces A Critical Services Bottleneck Authored by Rystad Energy via OilPrice.com, Venezuela could increase crude production by about 194,000 bpd by late 2028, with most growth coming from existing producing fields rather than new discoveries. International oil companies led by Chevron are expected to deliver nearly two-thirds of the forecast production increase through brownfield investments. The […]

Lucid Calls Bankruptcy Report “Completely False” As Shares Stage V-Shaped Recovery Summary:  Lucid Exec Calls Bankruptcy Report ‘Fake News’  Lucid Reponds, Denies AlixPartners Has Recommended Bankruptcy Route   Lucid Crashes On Report It’s Weighing A Take-Private Or Bankruptcy Lucid PR Head Calls Report “Completely False”  Nick Twork, Lucid’s chief communications officer, took to X in late-afternoon trading to deny […]

Big Blew It! IBM Crashes Most Since ’60s Amid CapEx Woes; Goldman Warns Over ‘Software Bear Case’ Summary: Wall Street Desks Stunned  IBM Shares Crash Most On Record, Exceeding Dot Com & 1987 Crashes  CEO Arvind Krishna Blamed Preliminary 2Q Results on “Shifting” Customer CapEx Spending IBM’s surprise second-quarter warning blindsided traders Tuesday morning, raising new concerns that enterprise technology budgets are […]

IRGC Vows ‘Not A Drop Of Oil & Gas Will Be Exported’ From Region Amid Sustained Cross-Gulf Fighting Summary: Iran-US fighting is sustained but in tit-for-tat pace, with new reported strikes across the Gulf. Trump declares FULL blockade on Iranian ports, while IRGC asserts ‘wartime control’ of Hormuz. Trump drops 20% transit fee plan; oil prices ease. Multiple tanker attacks over past day again disrupt shipping & cause […]

De-Banked: It’s Only A Matter Of Time Before It Happens To You Via InternationalMan.com, “We are writing to inform you that we cannot continue serving you. As a result of this decision, your account will be closed within 14 days from the date of this letter. Any remaining account balances will be sent by check to the address we have on file.” Sooner or later, expect your bank to send you a letter like this. They won’t even […]

Billionaire Ken Griffin Has Spent $40 Million To Keep The Senate Red, But Snubs Trump’s Favorite Texan Ken Griffin has put roughly $40 million into Republican midterm efforts this year and could double that by November, according to the Wall Street Journal. The money runs through nearly every competitive Senate race in the country – except for one… Ken Paxton’s run for a seat in Texas, which won’t see a dime of it. According […]

Sheriff Says Somali Youth Gangs Are Running Wild In Minneapolis Authored by Joe Schaeffer via Liberty Nation, A Minneapolis sheriff has triggered an uncomfortable conversation by saying out loud what you are not supposed to talk about in Minnesota. “Out of control” gangs of Somali youths are terrorizing the city, and the mayhem is poised to get worse. (Photo by Christopher Mark Juhn/Anadolu via Getty Images) Ramsey County Sheriff […]

Watch: Yet Another Shocking Video Of UK’s Two-Tier Policing Drops Authored by Steve Watson via Modernity News, Fresh footage from Northern Ireland captures police sprinting past a group of knife- and stick-wielding feral youths to cuff a local man who had grabbed a stick to protect the native women and children in his street. The scene in Dungannon underscores a now-familiar pattern: authorities appear quicker to restrain locals […]

Whose-muz? By Michael Every of Rabobank Whose-muz? Oil leaped 9%, the largest move since 2020. Today, it’s up another 2.5% to $85 at time of writing. It’s a good job we also have the Cleveland Fed’s trimmed-mean inflation measure out as well, right? Obviously, oil was driven by developments in Hormuz – or rather Whose-muz? There, besides reimposing the naval blockade of Iran, President Trump stated those using the waterway […]

China’s Helium Export Ban Raises New Risks For Global Supply Chains Authored by Michael Zhuang via The Epoch Times, China has imposed a temporary ban on helium exports, adding fresh uncertainty to global supplies of a gas essential to semiconductor manufacturing, aerospace, medical equipment, and other high-tech industries. The first pilot helium production facility in Europe, located in Saint-Parize-le-Châtel, France, on Sept. […]

Just 27.6% Of Stocks Outperform The Market While 60% Destroy Shareholder Wealth, New Study Finds From 1926 through 2025, just 27.6% of stocks beat the broader market. Nearly 60% actually destroyed shareholder wealth, and the median stock delivered a lifetime return of -6.9%. Yet despite those sobering odds, U.S. stocks collectively created roughly $91 trillion in wealth over the last century, with just 46 companies responsible for […]

AI Companies Absorbing Office Space At Record Pace: Report Authored by Rob Sabo via The Epoch Times, Artificial intelligence (AI) firms are absorbing office space in primary markets such as San Francisco and New York City at a record pace, and the sector’s voracious demand for office space to build out development teams and products has begun spilling into a select subset of submarkets as well. National AI office demand was up […]

KeyBanc Downgrades Apple On New Growth Slowdown Fears Apple shares fell 1% in premarket trading after KeyBanc Capital Markets downgraded the iPhone maker to “Underweight” from “Sector Weight” and set a 12-month price target of $250. This implies roughly a 21% decline from Monday’s close, putting the stock in bear-market territory. The downgrade by KeyBanc analysts Brandon Nispel and John Vinh is based on a widening disconnect […]