Dimon recruits 40-plus firms for AI security alliance against critical infrastructure threats

JPMorgan CEO Jamie Dimon is expanding the Alliance for Critical Infrastructure to tackle AI risks. He reached out personally to CEOs starting in July. Over 40 companies across banking energy water utilities telecom airlines and railroads got the call. Goal is better info sharing stronger safeguards and coordination with the Trump team. The group was … Read more

New NASA renderings show Earth as lumpy potato

From Apollo 11 to Artemis II, space missions have provided numerous images of a beautiful, seemingly smooth and perfectly round Earth. But new NASA renderings show our home looking more like a lumpy potato than a blue marble. Wired magazine senior science editor Brian Kahn joins to discuss. h/t Lapis Lazuli

Burry warns of 1987 crash

Burry says the rally may be near a major top and possible 1987 type fall. He holds shorts on SOXX Micron Nvidia Caterpillar Palantir Tesla and Applied Materials. Most of those shorts stay profitable except the Nvidia one. SpaceX Q2 revenue hit 7.8 billion dollars up 92 percent year over year. Capex hit 18.4 billion … Read more

Grid delivery now costs more than making the power itself

US utility distribution spending rose 6 percent a year since 2014 four times the old pace. That distribution growth makes up over 30 percent of the national average electricity rate increase. Transmission congestion alone hit nearly 1.8 billion dollars in just two months in the biggest US grid. Data centers and new demand force huge … Read more

Iran denies Trump Hormuz deal claim while pointing finger at Kushner Witkoff oil trades

via The Hormuz Report: BREAKING: A source close to Iranian officials says Tehran has documented a pattern of oil market manipulation tied to Axios reports and Trump administration insiders, including evidence of a $9 billion insider trading operation linked to Jared Kushner and Steve Witkoff. Some of the documented timeline from the $9 billion insider … Read more

Credit markets price AI blowup at 2008 levels while Burry rolls Nvidia shorts and Mag7 returns keep shrinking

Michael Burry sold his Microsoft longs and closed Oracle shorts this week. He rolled Nvidia puts out to June 2027 and QQQ puts to February 2027. He still holds shorts on Nvidia SOXX Micron Caterpillar Palantir Tesla and Applied Materials. Oracle 5-year CDS hit 215 basis points higher than any level in 2008. Hyperscalers face … Read more

US Senators call for SEC investigation into President Trump’s crypto memecoin, accusing him of a “rug pull

JUST IN: 🇺🇸 US Senators call for SEC investigation into President Trump's crypto memecoin, accusing him of a "rug pull."$TRUMP coin is down 95% since launch. pic.twitter.com/9ZW6th4C1I — Watcher.Guru (@WatcherGuru) August 4, 2026 A group of U.S. Senators has called on the SEC to investigate President Trump's crypto coin The Senators allege that it may … Read more

Nearly half of Medicaid expansion enrollees likely did not qualify costing taxpayers 33 billion

Paragon report finds 9.2 million of 20.2 million expansion enrollees in 2024 were likely ineligible. That equals 46 percent under the main assumptions used. Federal cost of the improper enrollment hits an estimated 32.9 billion dollars. The number of improper enrollees nearly doubled since 2019. California alone accounts for about 3.1 million improper cases and … Read more

Excellent market analysis from somehow with 52 years on Wall Street. His calls have been accurate

Sees the market may have further run before eventually rolling over. An ugly bust happens at the end of this. He’s been very accurate. Here's my latest interview with Tom Bodrovics @competentinv, recorded 7/22/26. Lots of good questions & macro discussion about the economy,the Fed,the stock market,the metals & miners,the coming global bust & what … Read more

Italy, Germany and others slam Spain migrant amnesty while quietly legalizing their own irregular arrivals

Spain’s scheme drew over 1 million applications for one year renewable residence and work permits. Critics like Meloni pushed for action against such regularizations while running similar programs at home. Italy, Germany and other countries that accused Spain of attracting migrants with its amnesty scheme have also quietly legalised the status of people who arrived … Read more

US burns through nearly 80 percent of THAAD missiles in Iran war stockpiles now dangerously low

America just burned through its best air defense missiles defending against Iran. Host: Top military commanders warn that the U.S. has gone through a dramatically high amount of key weapons in just the past 6 months during the war with Iran. Inventory levels are now dangerously low. pic.twitter.com/rxUBbMLhSS — FactPost (@factpostnews) August 4, 2026 U.S. … Read more