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Something is happening in the bond market that deserves much more attention. It’s not just the United States. Long-term government yields are rising across the major economies. The U.S. 30-year Treasury has been above 5%, reaching its highest level since 2007. Japan’s 10-year yield is approaching 3%, around a three-decade high. Germany’s 30-year yield recently … Read more
Ship disabled by attack in Strait of Hormuz https://t.co/PHCsekHFJ1 — Gulf Today (@gulftoday) August 25, 2026 An oil tanker was hit with a projectile off the coast of Oman in the Strait of Hormuz, according to a report on Tuesday that highlighted the ongoing dangers for shipping companies attempting to use the waterway while Iran … Read more
https://twitter.com/MinskyCap/status/2092432916131270797 For the better part of the last four years, Wall Street can do no wrong. Since early June, the Dow Jones Industrial Average have rocketed to fresh all-time highs. Although catalysts have been bountiful, with the evolution of artificial intelligence (AI) and better-than-expected corporate earnings each playing a key role, historical headwinds are mounting … Read more
Details by state For detailed information on each state’s voter ID laws, click the links below. Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North … Read more
This is a pretty big change from Bill Gates. For years, Gates was one of the biggest technology optimists in the world. Now he’s saying he is scared of what AI could do and wishes the technology would move more slowly. Not some random tech critic. Bill Gates. And his solution is even more interesting. … Read more
Three Secret Service officials have been put on leave. One of them is Anthony Guglielmi, the agency’s chief of communications. All three work in the communications office. Their security clearances were pulled. Their work devices were taken away. And the Secret Service says the three are under investigation for potential misconduct by its Office of … Read more
Democratic-controlled states on Wednesday filed another lawsuit challenging President Donald Trump’s executive order seeking to limit mail voting in this year’s midterm elections. The action, filed by about two dozen states against the U.S. Postal Service, marked a new phase in the high-stakes litigation just two days after the Supreme Court ruled against them in … Read more
Multiple people were killed, including children, after a madman opened fire at a house in Montana before setting the property ablaze. Cops were called to the house in Billings just after 6 p.m. Sunday after reports of a shooting and a family disturbance, reported the Billings Gazette. Officers arrived some 10 minutes later and heard … Read more
Another terrifying video of the flood in Nepal. This footage is from the immigration center in Chinese-administered Tibet. The flood waves surged past a building nearly 5 stories tall. It’s unlikely that anyone here survived. The flood originated in this very area before later entering Nepal. At least 31 people have been killed and hundreds … Read more
Meta just agreed to pay up to $17 billion to settle the child-safety lawsuits brought by states. That’s an enormous number. But honestly, the money isn’t the most interesting part. Meta made $201 billion in revenue last year. It had $90.3 billion in cash and marketable securities at the end of June. It can write … Read more
One of America’s most dangerous volcanoes could one day unleash a disaster resembling the tsunami-like flash flood and landslide that devastated Nepal. Washington’s Mount Rainier is an active, heavily glaciated stratovolcano looming over more than 3.3 million people across the Seattle-Tacoma metro area, with ice-covered slopes capable of unleashing deadly torrents of mud and debris … Read more
Scott Bessent just launched Operation Economic Outcast against Iran. Treasury hit nearly 60 entities, individuals and vessels tied to Iranian oil, shadow fleets and financial networks spanning China, Hong Kong, the UAE, Singapore, Switzerland and Europe. Then Bessent dropped the part that really matters. He said: A major financial institution is expected to be sanctioned … Read more
Anthropic is preparing to tell investors that its potential revenue opportunity is more than $30 trillion. Thirty. Trillion. That’s bigger than the entire annual output of the U.S. economy. It’s roughly a quarter of global GDP. And according to the Wall Street Journal, Anthropic is getting to that number by looking at the full scope … Read more
The Iran war is not staying overseas. Fox News just reported that JPMorgan is warning we could be heading into a global food crisis because of the war in Iran under Trump. This is a big deal, and honestly, everyone needs to be paying attention to what this could mean for food prices and supplies … Read more
via notayesmanseconomics Yesterday I looked at the economic struggles of Europe and in particular the Euro area in the light of the optimism generated by The Draghi Report of September 2024. Underlying the malaise has been th struggles of what used to be the regions economic superpower Germany so it was with a wry smile … Read more
For 50 years, gold was treated like a relic. Now Washington is talking about it again. And not just talking. It is starting to treat gold like something that actually matters to national power. Gains Pains & Capital pointed out something I think is easy to miss. There have been three separate gold stories lately. … Read more
I think we’re starting to see the start of the next crash. Sporting wear and their shoes are not necessary for most struggling Americans. https://www.foxbusiness.com/markets/dicks-sporting-goods-stock-plunges-retailer-warns-athleticwear-demand-weakening h/t StayCurious
As teachers and families head back to school, one of the largest teachers’ unions has launched a boycott of Target. The American Federation of Teachers announced the “Shop Smart, Support Working Families” campaign last Wednesday. “We said, ‘Stand with the community and if you don’t stand with the community, we’re shopping somewhere else,’” said Randi … Read more
WASHINGTON — Central Intelligence Agency Director John Ratcliffe flew to Russia to hold unspecified talks in Moscow, according to a person with knowledge of the matter. The person declined to say whom was Ratcliffe meeting with or what was the focus of the talks. The CIA declined to comment. It’s Ratcliffe’s first known trip to … Read more
