“The Real Part Of This Economy Is Not Doing Well”: Ed Dowd Warns ‘Just Wait ‘Til The AI Bubble Bursts’ Via Greg Hunter’s USAWatchdog.com, Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com warned at the beginning of April that the economy was already rolling over.  He said “Private Credit Problems are Ending the Party.”  Just 10 days ago, BlackRock and other firms with […]

“False”: Musk Denies Bloomberg Report About SpaceX IPO Valuation Drop Summary: Musk says the Bloomberg report is “false”  SpaceX Reportedly Lowers IPO Valuation Target, as per Bloomberg Musk Rejects Bloomberg Report  Yet again, corporate media is pushing fake news against Elon Musk. This time, Musk called a Bloomberg report that cited unnamed sources and claimed SpaceX had lowered its IPO valuation target “false.”  […]

Kicking The Can On A Ceasefire “Which Does Not Solve Anything” Bas van Geffen, Senior Macro Strategist at Rabobank Both Bloomberg and Axios report that the US and Iran have reached a tentative deal to extend the ceasefire by 60 days as they engage in further negotiations over Iran’s nuclear programme. However, Tasnim reported that the text of the memorandum of understanding had not been finalized. US Vice President Vance said […]

Russia Warns US Against Sending Thousands More Troops Near Its Borders: Pushing Toward ‘Suicidal Conflict’ Russia is deeply alarmed about US plans to deploy thousands of additional troops to NATO’s eastern flank member Poland, slamming reports out of Washington as unacceptable and portending an escalation in the Ukraine war. Russian Foreign Ministry spokeswoman Maria Zakharova said at a press briefing on Thursday that sending […]

DC Great Again: Historic Columbus Circle Fountain Flows For First Time In Years Authored by Steve Watson via Modernity.news, The Trump administration continues to deliver tangible results in Washington, D.C. Columbus Circle at Union Station is now clean, safe, and beautiful again, with its historic fountain restored and water flowing for the first time in years. The ribbon was officially cut Thursday, and fencing around the […]

Will Blue Origin’s Vaporized Rocket Set Back Amazon Leo’s Satellite Rollout Summary:  Amazon Leo needs 24 New Glenn launches to close the gap with SpaceX’s Starlink. NASA needs New Glenn for Artemis. Both timelines could’ve just been derailed simultaneously. Blue Origin’s New Glenn Rocket Explodes On Florida Launchpad Will Blue Origin’s New Glenn Rocket Mishap Derail Amazon Leo Satellite Launches Ahead of Thursday […]

Iran Clarifies Deal ‘Not Finalized’ Amid Lack Of Trust, Warns US-Gulf Of ‘Utter Ruin’ If War Resumes Iran’s Tasnim reports Friday that the US-Iran Memorandum of Understanding (MOU) is not yet finalized, and that Thursday’s flurry of Western media headlines about an agreement finally being reached were inaccurate. “The text is not finalized yet and the account in Western media is not precise,” a fresh statement indicates. Official […]

Futures Hit Another Record High After Pricing In Same “Iran Deal” Every Day For The Past Month US equity futures are higher, continuing their slow motion-gamma squeeze into record territory, as traders waited to see whether America and Iran could finally get the peace deal they have already priced in every single day for the past month. As of 8:00am ET, S&P futures are up 0.1%, and poised to rise for the ninth consecutive week, […]

French FinMin “Vigilant” After Economy Unexpectedly Contracts In Q1 “We remain vigilant, without giving in to being alarmist,” said French Finance Minister Roland Lescure on social media after the Gallic nation saw its economy unexpectedly shrink at the start of the year. French gross domestic product fell 0.1% in the three months through March, the first quarterly contraction since the COVID pandemic, raising concerns over […]

99% Of CEOs Are Planning AI Job-Cuts, As Gap Between Rich And Poor Continues To Explode Authored by Michael Snyder via The Economic Collapse blog, Our economy is being transformed at a faster pace than we have ever experienced before. Thanks to giant leaps in the field of artificial intelligence, human labor is not as valuable as it once was. All over the world, millions of human workers are being replaced and that trend is only […]

“Approaching Unheard Of Inventory Levels”: Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil Just about two months ago, JPMorgan did the math on “How Long Before The World Hits Crude Oil Operational Minimum.” The punchline was that while the market can hold hundreds of millions of barrels, it would still become fragile once working stocks fell too low. Like blood pressure in the human body, the issue is […]

US To Power Base With Nuclear Aircraft Carrier As Navy Mulls New Floating Reactor Program Later this summer, the nuclear-powered USS Gerald R. Ford will export electricity from its two A1B reactors directly to Naval Station Norfolk, powering the largest naval base in the world from a $13 billion supercarrier sitting at the pier. Acting Secretary of the Navy Hung Cao provided the news during a May 14 House Armed Services Committee […]

“Significantly Exceeding Expectations”: Dell Erupts 40% After AI-Fueled Beat, Outlook Hike Dell Technologies surged 38% in New York premarket trading after delivering a major earnings beat and issuing a stronger-than-expected annual sales forecast, fueled by explosive demand for AI servers that continues to reshape the hardware sector. Earnings results reinforce Dell’s position as a direct beneficiary of the AI infrastructure […]

Consumers Face Fiscal-Cliff As Tax-Refund Sugar-High Fades Nearly two months of the national average gasoline price exceeding the politically sensitive $4-per-gallon level have left corporate America increasingly worried about consumer health this earnings season. Kraft Heinz’s CEO warned that some households are “literally running out of money,” while UBS analysts caution that even as the AI-linked chip and memory bubble inflates […]

Miniature Floating Nuclear Plants Could Supply Clean Power To Greek Islands Authored by Prabhat Ranjan Mishra via Interesting Engineering, Miniature floating nuclear power plants (FNPP) could help Greek islands by supplying power, according to a new study. Such plants could also help decarbonize Greece’s non-interconnected islands, according to the study by the Deon Policy Institute, ABS, Core Power, and Athlos Energy. The concept […]

South African Impeachment Committee To Hold First Meeting On President’s “Farmgate” Scandal South Africa’s parliament has scheduled for Monday the first meeting of an impeachment committee ​that will probe allegations around President Cyril Ramaphosa’s “Farmgate” scandal, Reuters reported citing the Democratic Alliance ‌party.  The meeting is the next stage in an impeachment process against Ramaphosa that was revived by the […]

France To Reimburse Patients For Anti-Obesity Drugs Authored by Guy Birchall via The Epoch Times, France is set to begin reimbursing severely obese people for the cost of weight-loss drugs, French Health Minister Stéphanie Rist said on May 28. Wegovy at a pharmacy in London on March 8, 2024. Hollie Adams/Reuters She said that Paris would subsidize the use of Danish company Novo Nordisk’s Wegovy and American pharma giant Eli […]

Vance Says Trump Not Ready To Approve Iran Deal, Citing Distance On Nuclear Issue Summary Rtrs citing Iran’s Fars: Iran’s armed forces carries out a missile launch operation from southern regions of the country toward specified targets. Reports of US ships targeted (unconfirmed); also ‘warning shots’ fired on ‘illicit’ vessels. Per Axios: “U.S. and Iranian negotiators have reached an agreement on a 60-day memorandum of […]

Canadian Government Is Crushing Indie Media With Two Sneaky Policies Canada is not only going the way of Europe with the country’s draconian speech laws, it is in many ways surpassing the suppression and censorship across the Atlantic.  The speed at which the population is being robbed of their freedoms is staggering, and much of this is being done through backdoor bureaucracy.   One factor that consistently frustrated the […]

Leak Exposes Germany Forcing Social Media To Boost State Propaganda, Bury Dissent Authored by Steve Watson via Modernity.news, European elites are reeling from the information revolution they failed to suppress. A fresh leak exposes Germany’s state media regulators plotting a new law to compel social media platforms to automatically boost “reliable” and “trusted” mainstream outlets in their algorithms. Sold as a […]