Are We Going To War With Iran? Q: “On Iran, did you warn Prime Minister Netanyahu against taking some sort of actions that could disrupt the talks there in a phone call last week?” President Trump: “Well, I’d like to be honest. Yes I did.” pic.twitter.com/yoXB3t90SZ — CSPAN (@cspan) May 28, 2025 Just yesterday, President Trump told reporters in the Oval Office that he personally was behind the push urging Israeli President […]

US Pending Home Sales Plunge Most In 30 Months, Back Near Record Lows US Pending Home Sales plunged 6.3% MoM in April – far more than the 1.0% MoM decline expected (below all estimates) – and the biggest MoM drop since September 2022… Source: Bloomberg Dragging the Index of Pending Home Sales back down near record lows… Source: Bloomberg Sales fell in all four regions with the West experiencing the biggest drop of 8.9%. […]

Judge Blocks Trump Admin From Suspending Biden-Era Migrant Parole Programs Authored by Katabella Roberts via The Epoch Times, A federal judge in Massachusetts on Wednesday ordered the Trump administration to resume processing applications from foreign nationals living in the United States under Biden-era humanitarian parole programs who are seeking work permits or more permanent immigration status. In handing down her order, […]

US Cancels $700 Million Moderna Bird Flu Vaccine Contract Authored by Jon Fleetwood via Substack, In what could be a massive shift away from bird flu pandemic orchestration, the Trump administration has canceled its contract with Moderna for developing an avian influenza “bird flu” vaccine for humans, including purchase rights. “The Company had previously expected to advance the program to late-stage development with the […]

Q1 GDP Revision Reveals Big Deterioration In Personal Spending In “Kitchen Sink” Report Of all the economic reports, the BEA’s periodic update of US GDP is the most useless because not only is it politically motivated, but it gets constantly revised so much that by the time we get a somewhat accurate description of how strong the economy is, it is already one – if not two quarters – later. Today’s second estimate of Q1 GDP – a […]

DOGE Is Working: Continuing Jobless Claims In ‘Deep TriState’ Surge To 4 Year Highs The number of Americans filing for jobless benefits for the first rose to 240k last week – the most in a month and more than expected… Source: Bloomberg The 240k print was 6 standard deviations above expectations (and above the highest estimate)… Source: Bloomberg Michigan (and an estimated California) saw the biggest jump in initial […]

Blocked? Authored by Peter Tchir via AcademySecurities.com, Blocked? Back to the latest tariff news impacting markets. This seems to be a good summary of what occurred (from Bloomberg.com) In a ruling issued late Wednesday, a three-judge panel for the US Court of International Trade declared that the Trump administration had wrongly invoked a 1977 law in imposing his “Liberation Day” tariffs on dozens of countries and they […]

Stock Futures Fade Overnight Gains After Activist Judges Block Trump Tariffs, NVDA Earnings Impress US equity futures are higher, but well off session highs and rapidly losing altitude, after stronger NVDA earnings and a surprise legal block (for now) of Trump’s YTD tariffs, triggering a global risk-on rally. As of 8:00am, S&P futures are  up 0.8% at 5,952, erasing half of the overnight post NVDA/tariff gains which briefly […]

Did Smoot-Hawley Cause The Great Depression? Authored by Christopher Whalen via DailyReckoning.com, Americans are taught in school that the Smoot-Hawley tariff legislation of 1930 greatly exacerbated the Great Depression and sent the world spinning off into a decade of debt deflation and economic contraction. This seems to make sense until we remember that the history of the United States over the past century was written […]

Biotech IPO Winter May Last Until 2026 As Headwinds Mount  The IPO and secondary equity markets for biotech and biopharma have been in a deep freeze this year, and any thawing isn’t expected to materialize until 2026.  Multiple headwinds are weighing on the biotech world, including Health and Human Services Secretary Robert F. Kennedy Jr.’s cautious stance on vaccines and obesity drugs as he shifts focus toward overhauling […]

US Tightens Screws: Jet Engine Parts, Semiconductor Tech Exports To China Halted Amid Supply Chain War The Trump administration has intensified the U.S.-China trade war by suspending exports of critical American technologies to China, including jet engine parts, semiconductor design software, specialized chemicals, and industrial machinery. The move follows Beijing’s recent decision to restrict shipments of rare earth minerals to […]

Rubio Announces Visa Restrictions On Foreign Nationals Involved In Censoring Americans Secretary of State Marco Rubio on Wednesday announced new visa restrictions on foreign nationals involved in censoring the speech of U.S. citizens. Secretary of State Marco Rubio testifies at a House Foreign Affairs Committee hearing on President Donald Trump’s State Department budget request, on Capitol Hill in Washington on May 21, 2025. […]

Germany Vows To ‘Do Everything’ To Prevent Nord Stream Resurrection Authored by Charles Kennedy via OilPrice.com, German Chancellor Merz: Germany plans to do all it takes to keep the Nord Stream 2 pipeline offline. Nord Stream 2, an $11-billion project to carry Russian natural gas from Russia to Germany via the Baltic Sea following the Nord Stream route, was built at the end of the 2010s. Earlier this month, European […]

“Race To The Bottom”: BYD Price Slashing To Prompt Chinese EV Consolidation BYD’s aggressive discount campaign is shaking up China’s EV market, pushing rivals to slash prices and raising concerns of an industry-wide “race to the bottom,” according to Nikkei Asia. Since January, BYD has launched repeated limited-time offers. Its latest, running through June, cuts prices by up to 34% across 22 EV and hybrid models, with its […]

UK Rail Station Volunteer Ousted For Wrongthink Over ‘Pride’ Train… And He Is Gay Authored by Steve Watson via Modernity.news, A volunteer has been banned from a railway charity scheme in the UK after he asked a basic question regarding a train that had been wrapped in ‘Pride’ colours. The Telegraph reports, “Matthew Toomer, 48, was thrown out of West Midlands Railway’s ‘Adopt a Station’ scheme after he privately […]

Merkel’s Back, Warns Europe Could Be ‘Destroyed’ Without More Open-Borders Former German Chancellor Angela Merkel is back with a message; Europe could be ‘destroyed’ unless they continue to allow millions of ‘non-Europeans’ to flood the bloc.  Sean Gallup/EFE via EPA Criticizing Chancellor Friedrich Merz’s migration policy, Merkel told Southwestern Press Forum in Neu-Ulm last week that efforts to secure borders could have […]

US Lawmakers Demand Answers From Brussels Over Alleged Foreign Interference In Polish Election Campaign Authored by Thomas Brooke via Remix news, Several senior members of the U.S. House of Representatives have written to European Commission President Ursula von der Leyen demanding answers over what they describe as possible foreign interference in Poland’s presidential election campaign. The letter, led by Foreign Affairs […]

Which Types Of Government Rule The World? In 2024, there were a record-breaking number of elections. Over two billion people voted for political leaders in 40 countries. What does the balance of power look like now? In this graphic, in collaboration with Inigo, Visual Capitalist’s Jenna Ross shows a breakdown of the types of government in proportion to the global population. Imagining a Global Parliament Data for this chart […]

Wilders Threatens Collapse Of Dutch Coalition If Asylum Freeze Is Not Implemented Within Weeks By Thomas Brooke of Remix News, Dutch right-wing leader Geert Wilders has issued a stark ultimatum to the country’s ruling coalition, threatening to withdraw support from the government within weeks if it does not impose a strict asylum freeze. “Otherwise we will get out,” the Party for Freedom (PVV) leader declared at a press […]

The Third World Is Forever Chasing The White Man Authored by Brandon Smith via Alt-Market.us This week I was researching the history of the modern African economy as well as the financial effects of “colonialism”, largely in an effort to discern if Africa is actually better off with or without western influence. One can of course argue that racial divisions like Apartheid in South Africa or segregation in Rhodesia have their […]

US To Start Revoking Visas Of Chinese Students: Rubio Authored by T.J. Muscaro via The Epoch Times (emphasis ours), Secretary of State Marco Rubio announced on May 28 that the United States would begin revoking visas of Chinese students, including those with connections to the Chinese Communist Party (CCP). “The U.S. will begin revoking visas of Chinese students, including those with connections to the Chinese Communist Party […]

Victoria’s Secret Exposed In ‘Security Incident’ As Site Goes Offline For Days, Shares Down 6.9% Fashion giant Victoria’s Secret & Co. has halted certain office operations and told employees to avoid using company technology amid a “security incident” that has caused the company to take their e-commerce and some store services offline. Employees were locked out of email accounts on Wednesday, a ‘person familiar with the […]

How California Has Destroyed Its Middle Class Authored by Edward Ring via American Greatness, California has declared war on its middle class, and the special interests controlling the state are doing everything they can to impose this punitive economic model on the rest of America. It’s a quasi-feudal system, with the entire population divided into aristocrats and serfs. The means to destroy the middle class is to engineer an […]

Harvard Fires Star Professor Who Fabricated Data For ‘Dishonesty’ Studies A celebrated Harvard professor who researched why people are dishonest was fired and stripped of tenure after a probe found she fabricated data on multiple studies. Francesca Gino, a star behavioral scientist at Harvard Business School whose work focused on why people cheat, was found to have manipulated observations in four studies so that their findings […]

$13 Billion In Renewable Projects At Risk In Vietnam Due To Subsidy Cuts Over 40 investors in Vietnam’s solar and wind energy sector are warning they may default unless the government honors its original pricing commitments, according to Nikkei Asia.  Vietnam had initially offered feed-in tariffs ranging from 7.09 to 9.35 U.S. cents per kWh for solar energy, valid for 20 years, to attract investment and support the country’s […]