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The cartel that has set the price of oil for 60 years is coming apart. The UAE walked out in April. Now Venezuela, a founding member since 1960, is mulling the same. Those two exits pull more than 5 million barrels a day, roughly 17% of core OPEC capacity, out of the group.… pic.twitter.com/FskjJ6TTYb — … Read more
Karoline Leavitt could be heading from the White House briefing room to one of television’s most politically charged daytime programs after leaving the Trump administration. The View has expressed interest in bringing the outgoing White House press secretary onto the ABC show, with producers considering her for a possible permanent role, according to the Daily … Read more
Today Trump posted he wants to break a nasty monopoly of four big processors. Tyson. Cargill. JBS. National Beef. Those four handle about 85 percent of U.S. beef packing. Exact line. Authorizing legal documents to be drawn. This should move quickly. That is a promise to start paperwork. Not a signed order on a plant … Read more
This is what people are missing. AI doesn’t have to stop working for the bubble to break. The economics just have to stop getting better fast enough. AI infrastructure spending is exploding while the cost of producing AI output keeps falling. Token prices have fallen roughly 70% per year as efficiency improves, according to Man … Read more
You see a price. You pay it. Then comes the credit card fee. 2%. 3%. Sometimes more. Credit card processing typically costs merchants around 1.5% to 3.5% per transaction, and more businesses are passing that cost directly to customers. So now you’re paying: The price. Sales tax. Tip. Service fee. And sometimes a credit card … Read more
A California mother has been ARRESTED after she SMASHED A SCHOOL BUS WINDOW window, climbed in, and got her son off the bus after students called their parents saying they were scared and trapped. byu/Gurugod123 inPublicFreakout
via notayesmanseconomics As 2026 has developed we have seen bond yields become a bigger and bigger issue. As I type this the situation is accentuated by depending on your position either hopes or fears over what Federal Reserve Chair Kevin Warsh will say this afternoon UK time. We can learn something from this from Nick … Read more
The station is UVB-76. Folks call it The Buzzer. Also Doomsday Radio. Moscow never said what job it has. Most days it just buzzes on 4625. Then a man reads words plus numbers. Then the buzz comes back. The logs this week use NZhTI and TsZhAP ZMO9 and 65VU I8M7. Not Dimitry. That name is … Read more
As Americans grapple with fluctuating prices at the gas pump, it appears President Donald Trump’s administration is taking a proactive approach to the problem. According to a scoop from Axios, the U.S. is nearing a “massive” oil deal with Venezuela. And “massive” actually feels apt here: The U.S. is reportedly in talks of taking an … Read more
Warsh messing with the algos… says "hike" 3 times in the first 5 paragraphs pic.twitter.com/wmThgZazaS — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) August 28, 2026 Warsh’s speech was highly anticipated, even after the last Fed policy meeting in July, when economists say he provided a muddy picture about his willingness to raise interest rates to … Read more
“It’s like when nuclear came along: is it nuclear weapons or is it nuclear energy? This is a thousand times bigger, and has both the negative aspect and the positive coexisting in the same technology.” Anyone else somewhat perturbed at the thought of what dear old Bill might be cooking up with AI? 🤣 Writer: … Read more
The Chicago Business Barometer plunged to 47.1 in August 2026 from 57.6 in July and missing market forecasts of 58.3. The latest data pointed to a renewed contraction in business activity and the steepest since December 2025. New orders declined sharply, dropping 15.4 points, but still above April’s low. The production gauge slipped 8.8 points, … Read more
Signing a lease used to be paperwork. Now it is the moment you find out whether you can stay in your own home. Seventeen American renters filmed what that looks like. Not analysts, not agents — people sitting in a car or standing in a kitchen with a letter in their hand. A woman in … Read more
Can’t wait to hear all the excuses you guys will come up with 🥴 pic.twitter.com/xDL05grxoU — ⚡️Puddin⚡️ (@puddin88124) August 28, 2026
Florida Sheriff Compares ‘DeFlock’ Efforts to ‘Defund the Police’ A Florida sheriff dismissed growing concerns over Flock cameras in his community as ignorance, asserting that the AI-powered automated license plate readers (ALPRs) are essential to help solve crimes, and compared efforts to “deFlock” the community to cities who want to defund the police. “Listen, we … Read more
By Peter Reagan Public domain image via USA.gov Your News to Know rounds up the most important stories about precious metals and the overall economy. This week, we’ll cover: Gold passes $4,600: it has now gained $600 in 2 weeks The start of gold’s 2023 run from $1,650 to $5,500 looked exactly like this The … Read more
Stanley Druckenmiller averaged 30% a year for 30 years without a single losing year Paul Tudor Jones asked him on stage what made him different from everyone else – his answer: size “I put 350% long into one bond trade – 200 to 300% of my fund into a single currency – put all your … Read more
Make it stop pic.twitter.com/WNAZqrfteh — The_Real_Fly (@The_Real_Fly) August 27, 2026
"US corporate profits surge to record as worker payouts wilt" (FT) byu/librariancap inEconomyCharts U.S. corporate profits just hit roughly $4.8 trillion annualized. That’s 18% of national income, the highest share since the aftermath of WWII. At the same time, employee compensation fell to about 60% of national income, the lowest share since the 1950s. Real … Read more
When you've lost Bill Maher… byu/ibuiltamurderbot inlibsofreddit