Trump Threatens To Jail Arms Shortage ‘Leakers’ Authored by Dave DeCamp via AntiWar.com, President Trump on Thursday threatened “leakers” with jail time over reports about dwindling US military stockpiles as a result of the Iran war, and claimed the US had plenty of munitions available. “The US has massive amounts of ‘munitions,’ especially of certain types. Additionally, large amounts are being manufactured and shipped to […]

Saudi Arabia’s $5 Oil Detour Is Expensive… But Worth It Authored by Leon Stille via OilPrice.com, Rerouting Saudi crude to Asia via Yanbu, Egypt’s SUMED pipeline and the Cape of Good Hope may add around $5 per barrel and up to four weeks to a voyage. That premium is small compared with the economic damage caused by losing access to Hormuz or Bab el-Mandeb altogether. Saudi Arabia’s alternative export […]

5th Small Modular Reactor Validated Since June, Poised For Mass Production Another small nuclear reactor has achieved “criticality,” marking the fifth new reactor type to be certified as operationally viable in the United States since June, after none were certified for more than a half-century, as the nation’s “nuclear renaissance” quickly advances to commercial mass-production. Santa Clara, California-based Oklo’s […]

Exit Narrative Grows: Bessent Says New Deal & Ceasefire Will Open Hormuz ‘Today Or Tomorrow’ Summary Bessent: Hormuz could reopen under a 30-60 day ceasefire as soon as “today or tomorrow.” Iran asserts that US & Israeli vessels remain barred until sanctions are lifted and compensation is paid. Trump says the conflict could “end pretty soon,” signaling a possible final US exit. Iran remains defiant, pointing out it […]

Meet The Investors In SpaceX Who Say Their Shares “Disappeared” Some investors who thought they had secured one of Wall Street’s hottest trades, owning SpaceX before its blockbuster IPO, say the shares they expected to cash in on simply disappeared, according to the Wall Street Journal. The controversy centers on special purpose vehicles (SPVs), investment funds that promise accredited investors exposure to private companies before […]

Rockstar Founder Builds $300M Celsius Stake, Launches Activist Offense: Management “All Need To Be Fired” Summary: CELH shares Jump on CNBC Headline  Rockstar Founder Amasses 5.7% CELH stake, Tells CNBC He Wants To Be CEO Thursday: Celsius Shares Crash As Revenue Misses Estimates Rockstar Founder Begins Activist Move  One day after Celsius Holdings crashed 18% following a dismal second-quarter earnings report, Rockstar Energy […]

US Senate Pushes CLARITY Act Vote To September Authored by Ezra Reguerra via CoinTelegraph.com, Senate Republican leaders are expected to leave for their August recess without voting on crypto market structure legislation, delaying consideration of the bill until at least September, according to a report from Politico.  Senate Majority Leader John Thune confirmed that the chamber would not vote on the legislation before the […]

Consumers More Optimistic On Jobs, Financial Conditions, Stock Prices As Inflation Eases: NY Fed Survey Unlike recent extremely volatile months, consumers expectations for inflation in July barely budged as disclosed today by the latest NY Fed Survey, which showed that inflation expectations in one year fell slightly to 3.6% from 3.7% prior. Estimates for price increases in three and five years remained at 3.3% and 3%, respectively, […]

Hours After Murkowski Predictably Sides With Dems, Cassidy Unblocks Blanche AG Nomination Sen. Bill Cassidy announced Friday he will support Todd Blanche’s nomination for attorney general, clearing the decisive path for confirmation after two other Republican senators opposed the pick. Acting Attorney General Todd Blanche appears before the Senate Judiciary Committee on Capitol Hill in Washington, July 15, 2026.  Cassidy, a […]

Scientists Warn Of Urgent AI Biosecurity Threat Authored by Steve Watson via Modernity News, For the first time, artificial intelligence has designed complete, functional viral genomes from scratch. Oh dear. Stanford University and Arc Institute researchers used generative AI models to produce 16 novel bacteriophages that successfully infect and kill bacteria in the lab. Breaking News: Scientists have used A.I. to create new […]

July Jobs Shock: US Lost 23K Workers, Below Lowest Estimate, As Unemp Rate Drops To 4.1% Ahead of today’s jobs report, in our payrolls preview we warned that “July Has Emerged As A Very Poor Month For Jobs” and boy were we right: moments ago the BLS reported that in July, the US labor force shrank by a whopping 23K, sharply lower from a downward revised 20K in June (from 57K), and the worst print since the negative 156K in […]

Meta Ordered To Pay $567 Million In New Mexico For Children’s Mental Health Fund A New Mexico state judge on Aug. 6 ordered Meta to pay $567 million into a fund dedicated to remedying the harm caused to children’s mental health by the company’s social media platforms. Meta is the parent company of Facebook, Instagram, and WhatsApp. State judge Bryan Biedscheid said in a 68-page order that most of the total youth mental health […]

Wall Street Crowns First Solar As Clear Winner After Trump’s Polysilicon Tariffs Create “Structural Floor” For Industry Solar stocks are shining in premarket trading in New York after the Trump administration announced a new 15% tariff and a price floor on imports of polysilicon derivatives, including silicon wafers, photovoltaic cells, and solar modules. The move is intended to secure the domestic solar supply chain after years of […]

Houston, We Have A (Data) Problem… Authored by Peter Tchir via Academy Securities, Normally, you can find some parts of the job report that “fight” against the headline. That somewhere in the details is a potentially different narrative. Maybe it’s because I’m lazy on a summer Friday, but difficult to see what it is in this report. But let’s start with the most important point Instead of worrying about Warsh, what […]

Islamic Society Sues City Over Rejection Of Mosque Proposal Authored by Tom Gantert via The Epoch Times, The Islamic Society of Tulsa has filed a federal lawsuit against the City of Broken Arrow, Oklahoma, and four individual city council members after the city denied its request to build a mosque and Islamic community center. The suit, which was filed on Aug. 3, alleges the denial violated the U.S. Constitution, the federal […]

Bonds & Bullion Jump, Dollar Dumps As Rate-Hike Odds Slump After Payrolls Miss As we noted in our preview, today’s payrolls print was indeed “bad news is good news” as the surprise five-sigma miss (-23k) on payrolls (albeit with a drop in the unemployment rate) sent rate-hike odds reeling lower… “History doesn’t repeat, but sometimes it rhymes. For the third time in as many years, July jobs data saw a mid-summer loss of […]

Winter Is Coming: Europe Faces Twin Diesel And NatGas Crunch Samantha Dart, co-head of global commodities research at Goldman Sachs, began the week by telling Bloomberg TV that the global diesel-supply crunch is “what keeps her up at night.” She followed up Wednesday with a client note warning that European natural gas storage levels are also lagging the seasonal average ahead of the winter heating period. Benchmark TTF futures […]

Saudi Arabia, Turkey, Pakistan Sign Islamic NATO-Style Defense Pact Amid Iran War On Friday Saudi Arabia, Turkey and Pakistan signed a major defense agreement as leaders gathered in the city of Makkah, Saudi Arabia. It seeks to strengthen joint deterrence and expanding defense cooperation, the Saudi Press Agency reported. It is essentially a NATO-style agreement for the ‘Muslim world’ – given that it stipulates and formalizes […]

Can Sam Altman Be Trusted Inside Your Home? Meet OpenAI’s New Always-On Smart Speaker Trust remains OpenAI’s biggest problem. Sam Altman’s public feud with Elon Musk, combined with Apple’s allegations that OpenAI stole trade secrets, has only intensified concerns surrounding the company’s leadership and governance. Amid this glaring trust issue, OpenAI now wants to place what Bloomberg describes as “essentially a smart speaker […]

Futures Rise Ahead Of Closely Watched Jobs Report US futures grind higher in a European session devoid of newsflow ahead of nonfarm payrolls. As of 815am ET, S&P futures rose 0.2% while Nasdaq futures gained 0.4%, with some of yesterday’s beaten up tech names such as Sandisk and Western Digital getting some reprieve in the premarket. Asian stocks swung between a loss of as much as 0.5% and gain of 0.4%. South Korea’s Kospi […]

Global Food Prices Hit Three-Year High As War, Chokepoint Chaos And El Nino Spark Perfect Storm The UN Food and Agriculture Organization’s Food Price Index climbed to a three-year high in July, extending its upward trajectory as conflicts across Eurasia (the Black Sea and the Hormuz chokepoint) disrupt critical trade routes and mounting El Niño risks threaten global harvests. The United Nations Food and Agriculture […]

Meanwhile, In England… Idiocy Knows No Bounds Authored by Steve Watson via Modernity News, Mindless arson for online clout is torching farmers’ livelihoods across England. Hay and straw stacks – vital winter feed and hard-earned harvest – are being deliberately set alight in a suspected TikTok challenge that treats the countryside like disposable content. West Mercia Police have circulated an urgent warning to farming groups […]

$109,796 In Earnings Needed To Afford Typical US Home The income needed in order to purchase a typical home for sale in the United States in June was $109,796, marginally lower than the record high $110,382 in 2025, real estate brokerage Redfin said in an Aug. 5 report. Housing affordability has remained largely flat year over year since monthly housing costs and people’s incomes are growing at a similar rate, Redfin said. […]

Indian Refiners Continue West Africa Crude Buying Spree By Tsvetana Paraskova of OilPrice.com India’s state-run refiners continue their buying spree of crude from West Africa as the Middle East crisis has sapped supply and made deliveries uncertain. In one of the latest purchases via a tender, India’s state-owned refiner Hindustan Petroleum Corporation Limited (HPCL) has acquired 2 million barrels of Nigerian crude oil from […]

IRGC Strikes ‘Hostile Targets’ In Hormuz As Iran Declares Oman Deal Bans US Vessels From Strait Summary Explosions heard near Qeshm island – Iran says it struck ‘hostile targets’. Iran parliament reviews draft Hormuz plan banning US- and Israel-linked vessels, oil rises Houthis intensify attacks on Saudi oil shipping in the Red Sea. Yemen fighting escalates amid reports of major casualties. Iran-Oman talks continue as US backs […]