Rabobank: Just What Does A World In Which The Dollar Isn’t Reserve Currency Look Like? By Michael Every of Rabobank The US has opened two new Section 232 trade actions likely to lead to 25% tariffs on semiconductors and pharma, as already flagged. Obviously, both industries will reel, and Ireland is likely to take a particularly large hit. President Trump also suggested he may temporarily pause auto parts tariffs for firms […]

Federal Judge Halts Trump Admin’s Deportation Of Half A Million Biden “Parolees” Authored by Jonathan Turley, The intense struggle between the Trump Administration and federal judges continued this week with another court ordering a halt to a nationwide program. In Massachusetts, District Judge Indira Talwani is preventing President Donald Trump from canceling a Biden program granting parole and the right to work to immigrants from […]

US Import Prices Tumble Despite China Tariffs The (establishment) world and his pet rabbit has been screaming at you for weeks that the American consumer is about to suffer the worst hyperinflationary hell ever (according to UMich survey respondents) as President Trump attempts to even up the score among its ‘allies’ over trade policies. The last 24 hours have thrown a couple of curve balls at the established view – supporting the […]

Rep. Jasmine Crockett Faces FEC Investigation Over Suspicious Act Blue Donations Via American Greatness, The Federal Election Commission (FEC) has opened an investigation into Rep. Jasmine Crockett (D-TX) over donations made to her 2024 campaign by the Democratic fundraising organization Act Blue. The FEC began its probe after receiving a complaint from the conservative Coolidge-Reagan Foundation in late March. The complaint […]

Trump Threatens Harvard’s Tax-Exempt Status Amid Federal Funding Freeze The standoff between woke elites at Harvard University and the Trump administration is growing more tense by the day.  On Tuesday morning, President Trump wrote on Truth Social: Perhaps Harvard should lose its Tax Exempt Status and be Taxed as a Political Entity if it keeps pushing political, ideological, and terrorist inspired/supporting “Sickness?” […]

Trump Blames Biden, Putin, Zelenskyy For Ukraine War, Says He’s Working To End It Authored by Tom Ozimek via The Epoch Times, U.S. President Donald Trump blamed former U.S. President Joe Biden, Russian President Vladimir Putin, and Ukrainian President Volodymyr Zelenskyy on Monday for the continuing war in Ukraine, saying it’s not his war and vowing once again to bring it to a swift end. Trump’s comments on April 14 on a […]

BofA Reports Strong Results Boosted By Record Equity Trading, Budgets 4 Rate Cuts It’s deja vu all over again. With bank earnings season coming to a rapid close, this morning we got results of the last 2 of the “Big 5”, when Bank of America and Citigroup both reported Q1 earnings, and we doubt it will surprise anyone that the pattern observed over the past few days remained the same: blowout equity trading revenues, offset by […]

“Ready To Start Production”: AMD Prepares For First Made-In America Chip  President Trump’s ‘America First’ agenda—specifically, the revival of domestic critical supply chains to reinforce hemispheric defense—scored yet another win this week. Reuters reported that Advanced Micro Devices’ most advanced processor chips would soon enter series production at Taiwan Semiconductor Manufacturing Company’s (TSMC) factory in […]

Stocks Tumble After EU Tariff Comments Tariff headline roulette is back… Just when you thought it was ok to BTFD, Bloomberg reports that things are not proceeding gleefully in EU-US trade talks. The European Union and US made scant progress bridging trade differences this week as officials from President Donald Trump’s administration indicated that the bulk of the US tariffs imposed on the bloc will not be removed. The […]

Lavrov Elaborated On Russia’s Envisaged Denazification Of Ukraine Authored by Andrew Korybko via substack, The insight that he shared is extremely relevant in the context of the ongoing Russian-US talks… The denazification of Ukraine is one of the explicitly stated goals of Russia’s special operation, but it’s probably the vaguest of them all, perhaps even intentionally so in order to give the Kremlin flexibility. […]

PA Governor’s Mansion Arsonist Was Ready To Beat Shapiro With Sledgehammer Confessed Pennsylvania governor’s mansion arsonist Cody A. Balmer, who is now being hospitalized for an unspecified reason, told police he was prepared to beat Gov Josh Shapiro with a sledgehammer if he encountered him. Meanwhile, new details have emerged that paint Balmer as a quintessential dead-ender with a troubling assault charge on his rap sheet — and […]

British PM Starmer Purges Historical Artworks; Replaces Them With ‘Diverse’ Dawbings Authored by Steve Watson via Modernity.news, British Prime Minister Kier Starmer has removed scores of historical artworks from 10 Downing Street and replaced them with objectively awful drawings in the name of ‘diversity’. The works Starmer ordered pulled down as part of the cultural purge include portraits of William Shakespeare, Winston […]

Who Holds The Cards In The Trade War: U.S. Or China? He who produces or he who consumes. Who holds the power? If China cut off the United States, shelves could go empty in weeks. If the U.S. closes its doors to China, the country’s income would collapse ushering in a severe depression. So should American’s count their blessings as they are showered with inexpensive goods or is “the customer always right”? Tonight we will […]

Sony Hikes Playstation 5 Price Up To 11% In Major Markets – Except The US Sony, citing inflation and ‘fluctuating exchange rates,’ has hiked the price of the Playstation 5 in several regions – but is shielding US consumers from the decision. The Sony Playstation logo is seen at the Paris Games Week (PGW), a trade fair for video games in Paris, France, November 5, 2023. REUTERS/Claudia Greco/File Photo The company said it was a […]

Empire Fed Manufacturing Expectations Plunge To Worst Since 9/11 Despite the slump in ‘soft’ survey data, analysts expected Empire Fed Manufacturing to bounce back from March’s tumble to one year lows and they were right with the headline index rising from -20.0 to -8.1 (considerably better than the -13.5), but still negative. However, while current conditions jumped, expectations plunged to the lowest since 9/11/… Source: […]

Futures Drop In Jittery Session, Dollar Extends Losses US stock futures swung between gains and losses after a two-day advance as traders focused on signs that the Trump administration may add more tariff exemptions to ease the economic turmoil of the trade war. As of 8:00am S&P 500 were down -0.3% and Nasdaq futures dipped -0.2%, although both indexes were in the green just minutes earlier with moves now happening so fast and […]

“Magnitude Of Deterioration”: Wall Street Stunned By LVMH’s Earnings LVMH Moët Hennessy shares dropped in Paris trading Tuesday after the luxury conglomerate reported Q1 earnings that fell short of Bloomberg Consensus estimates. The miss was driven by softening demand for high-end goods in top markets such as Asia and the U.S., as a deepening trade war pressured consumer sentiment.  LVMH’s first-quarter results served as a […]

“They Need A Little Bit Of Time”: Auto Stocks Pop On Trump Tariff Comments; But Deutsche Still Cautious Auto stocks popped Monday after President Trump said he wants to “help some of the car companies” affected by the new 25% tariffs, acknowledging they “need a little bit of time” to shift production to the U.S.  Automakers like GM surged higher on the news. Ford, GM, and Stellantis jumped 3–6%, Rivian rose 4.9%, and […]

Trade War Turbulence: China Halts Boeing Jet Deliveries For Airlines Days after Juneyao Airlines postponed the delivery of a widebody jet from Boeing, Beijing has escalated its trade war response—quietly ordering all Chinese carriers to suspend further Boeing deliveries, according to Bloomberg, citing people familiar with the situation. The move marks a broadening of non-tariff retaliation amid a deepening tit-for-tar trade war […]

Somali Criminal Allowed To Stay In UK Because Deportation Would “Stress” Him Out Authored by Steve Watson via Modernity.news, In yet another incredulous case, the British justice system has decided in its infinite wisdom that a Somali criminal will be allowed to stay in the UK because returning him to his home country would cause him too much “stress”. Yes, really. The Telegraph reports that a judge in the upper immigration […]

The US Relies Heavily On Rare Earth Imports From China As part of the retaliation against Donald Trump’s punitive tariffs on Chinese goods, China has imposed new export controls on seven additional rare earth elements, temporarily suspending any exports of the valuable minerals.  The newly affected elements, namely samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium, are critical components of a wide range […]

World Bank Under Scrutiny Over Tajikistan Hydropower Project Via  Eurasianet.org, The World Bank is facing a formal complaint regarding its financing of the Rogun Dam project in Tajikistan, with allegations of inadequate assessment of environmental and socio-economic risks. Environmental organizations and concerned citizens argue that the Rogun Dam poses a significant threat to regional stability and water resources, […]

These Are The Countries With The Most Nuclear Weapons As of 2024, nine countries possess all of the world’s 12,000 nuclear warheads. This graphic, via Visual Capitalist’s Bruno Venditti, visualizes the world’s nuclear powers based on data from the Federation of American Scientists. The exact number of nuclear weapons each country possesses is a closely guarded national secret, so the estimates presented here come with […]

Are Chinese Soldiers Fighting In Ukraine? Authored by Ted Snider via The Libertarian Institute, If Chinese soldiers are fighting in the Russian armed forces in Ukraine, that is not the big story. The big story is the effect the claim could have on the possibility of peace. Ukraine has not yet even proven the months old claim of the presence of North Korean soldiers fighting for Russia on Russian soil. Now they are making the much […]

What A Load Of Rubbish… Eight billion people in the world generate a lot of municipal garbage. By 2050, the World Bank estimates humans will generate 3.4 billion tonnes of global waste. That’s enough to line up garbage trucks from the Earth to the Moon and back – several times over. But, as Visual Capitalist’s Marcus Lu details below, nearly half of all that garbage is from an unexpected source. We breakdown all the […]