
zerohedge10m ago
Iran War Cost $25 Billion in First 2 Months, Pentagon Says
Iran War Cost $25 Billion in First 2 Months, Pentagon Says
Authored by Ryan Morgan via The Epoch Times,
Combat operations against Iran have cost the U.S. military about $25 billion in two months, a top Pentagon accounting official told House Armed Services Committee members on April 29.
The Wednesday hearing marked the first time Secretary of War Pete Hegseth and Chairman of the Joint Chiefs of Staff Gen. Dan Caine have testified publicly to Congress since U.S. and Israeli force...
zerohedge1h ago
Billionaire Tim Draper: You Should Be Scared If You Don't Own Bitcoin
Billionaire Tim Draper: You Should Be Scared If You Don't Own Bitcoin
Authored by Micah Zimmerman via Bitcoin Magazine,
Speaking on the Nakamoto Stage, Tim Draper told attendees that bitcoin has entered the financial mainstream and that governments now roll out “the red carpet” for the industry. He said the community is “starting to feel like something is happening” as adoption grows, and he cast that shift as the early phase of a larger transition in the money system.
In his...
zerohedge3h ago
Barclays Maintains Bullish Stance On Nuclear
Barclays Maintains Bullish Stance On Nuclear
Barclays is out with a report on nuclear and how the industry is progressing from conviction to construction. The report highlights year-to-date regulatory developments, demand and execution signals and market pricing across the industry.
Last year, Barclays argued three core points regarding nuclear energy:
A nuclear renaissance is underway driven by energy security, decarbonization, and AI power demand
The nuclear fuel cycle is lik...
zerohedge3h ago
Meta Plunges After Boosting Capex Outlook Again On "Higher Component Pricing"
Meta Plunges After Boosting Capex Outlook Again On "Higher Component Pricing"
The last of the giga-caps to report today, the increasingly more misnamed Meta Platforms, had some good news to report for the just completed Q1. It also had bad news, and judging by the plunge in the stock price, the market is focusing on the latter.
First, the good news: the company reported revenue and EPS both of which beat estimates, and guided Q2 revenues which came in roughly in line with estim...
zerohedge4h ago
Amazon Drops After AWS Growth Misses Whisper Estimates As Capex Soars
Amazon Drops After AWS Growth Misses Whisper Estimates As Capex Soars
In our preview of Amazon's earnings, we summarized sentiment as "Bullish, But Concerns Remain" with JPM noting that client "conversations were heavily AWS-skewed with investor focus on degree of acceleration and cloud $ re-capture driven by core workloads, AI, & new partnerships. Still, some concerns remain on broader AI positioning/strategy, Trainium traction, & gap to Azure/Google Cloud growth. Strong Stores...
zerohedge4h ago
California's Climate Overreach
California's Climate Overreach
Authored by Edward Ring via American Greatness,
Even if the most dire climate scenarios are accurate, and humanity must transition away from fossil fuel, it can’t happen overnight. The rational approach is to first develop alternative sources of energy without precipitously destroying the industries that reliably produce oil and natural gas. Once alternatives are available at a competitive price and in sufficient quantities, demand naturally migrat...
zerohedge5h ago
StarCloud CEO Says Starship Gives SpaceX Launch Monopoly For Near Decade
StarCloud CEO Says Starship Gives SpaceX Launch Monopoly For Near Decade
The CEO of the startup building data centers for eventual low Earth orbit deployment told Molly O'Shea of the Sourcery podcast that he expects Elon Musk's SpaceX to hold a "near monopoly on launches" over the next five to ten years, driven by Starship's scale, launch cadence, and cost advantage.
Starcloud CEO Philip Johnston told O'Shea:
I'm very hopeful that other launch vehicles will be able to compete wi...
zerohedge6h ago
Watch Live: Fed Chair Powell's Last Press Conference
Watch Live: Fed Chair Powell's Last Press Conference
With Kevin Warsh having won the backing of the Senate Banking Committee on a 13-11 party-line vote to be the next chair of the Federal Reserve, it's pretty much a done deal that this will be Jerome Powell's final press conference as Fed Chair.
And while The Fed took no action - as 100% expected - the question remains whether Powell will lean hawkish (oil crisis means inflation tsunami) or dovish (higher costs drag on econom...
zerohedge7h ago
Your Bank Is Becoming A Casino: River CEO Frames Bitcoin As The Alternative
Your Bank Is Becoming A Casino: River CEO Frames Bitcoin As The Alternative
Authored by Micah Zimmerman via Bitcoin Magazine,
Bitcoin 2026 speaker Alex Leishman used his Nakamoto Stage talk, titled “We’re Not Fixing Money to Build More Casinos,” to deliver a sharp warning that modern finance is drifting toward a gambling model and away from basic banking.
Leishman, CEO of River, said the American dream feels out of reach for many people as housing costs rise, student debt li...
zerohedge8h ago
US To Issue Limited Passports With Trump's Image For America's 250th Anniversary
US To Issue Limited Passports With Trump's Image For America's 250th Anniversary
Authored by Aldgra Fredly via The Epoch Times,
The U.S. State Department announced on April 28 that it will release limited-edition passports featuring a picture of President Donald Trump to commemorate America’s 250th anniversary of independence.
State Department spokesman Tommy Pigott said in a statement to multiple news outlets that the department would release “a limited number of specially desi...
zerohedge9h ago
Key Bridge Nightmare: Contractor Dropped After Costs Spiral
Key Bridge Nightmare: Contractor Dropped After Costs Spiral
Left-wing Gov. Wes Moore's claim that the Francis Scott Key Bridge rebuild is the "fastest-moving large infrastructure project in the United States" just hit a major roadblock.
Fox Baltimore's Gary Collins reports that Maryland officials canceled Kiewit Infrastructure Co.'s contract for Phase 2 of the bridge rebuild, the construction phase, after the contractor's proposal reportedly far exceeded state estimates.
BREAKI...
zerohedge9h ago
US Sanctions 35 Individuals, Entities To Dismantle Iran's Shadow Banking
US Sanctions 35 Individuals, Entities To Dismantle Iran's Shadow Banking
Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
The U.S. Treasury Department on April 28 imposed sanctions on 35 individuals and entities accused of running Iran’s secret shadow banking network.
US Treasury Secretary Scott Bessent speaks during a press briefing in the Brady Briefing Room at the White House in Washington, on April 15, 2026. Brendan Smialowski/AFP via Getty Images
Treasury h...
zerohedge10h ago
In Huge Win For Republicans, Supreme Court Curbs Use Of Race In Drawing Voting Districts
In Huge Win For Republicans, Supreme Court Curbs Use Of Race In Drawing Voting Districts
In a sweeping 6-3 decision issued today, the U.S. Supreme Court ruled that Louisiana’s congressional map with a second majority-Black district is an unconstitutional racial gerrymander. The ruling in Louisiana v. Callais (No. 24-109) delivers a major victory for Republicans by sharply curtailing the Voting Rights Act’s ability to compel the creation of predominantly Black or Hispanic distric...
zerohedge11h ago
Bank of Canada Keeps Rates On Hold As It "Looks Through War's Immediate Impact On Inflation"
Bank of Canada Keeps Rates On Hold As It "Looks Through War's Immediate Impact On Inflation"
As expected, the Bank of Canada - which was the day's first G5 central bank to hit the tape ahead of the Fed's decision at 2pm ET - held interest rates unchanged at 2.25% as expected, saying adjustments to borrowing costs would likely be small if the economy and inflation evolve as expected, while stating that it is looking through the war's immediate impact on inflation but will not let...
zerohedge11h ago
O-I Glass Plunges As Gulf Energy Shock Hits Earnings Outlook
O-I Glass Plunges As Gulf Energy Shock Hits Earnings Outlook
Glass bottle and jar company O-I Glass plunged the most in premarket trading in more than six years after it slashed its full-year adjusted EPS outlook, blaming higher energy costs tied to the Gulf-related energy shock.
The major glass-container manufacturer, producing bottles and jars for the beer, wine, spirits, beverage, and food-packaging markets, now expects adjusted EPS of $1.00 to $1.50, down sharply from its pr...
zerohedge12h ago
US Gas Prices Hit Highest Level In 4 Years, Analyst Says
US Gas Prices Hit Highest Level In 4 Years, Analyst Says
Authored by Jack Phillips via The Epoch Times (emphasis ours),
The average price for a gallon of gasoline hit its highest level in four years on Tuesday as the cost of a barrel of oil remains elevated amid the conflict with Iran, according to a prominent analyst.
Customers pump gas at a gas station in Miami on April 13, 2026. Joe Raedle/Getty Images
The national average price for a gallon of gas was $4.17, “the highest l...
zerohedge13h ago
Gabe Plotkin Plans ETF Comeback After Melvin Capital Collapse
Gabe Plotkin Plans ETF Comeback After Melvin Capital Collapse
After closing his hedge fund in the aftermath of the meme-stock upheaval, Gabe Plotkin is exploring a new investment structure, according to Bloomberg.
He’s looking to place a portion of his personal holdings into an exchange-traded fund, using a method that has become increasingly attractive for wealthy investors seeking to postpone capital gains taxes.
As co-chair of the Charlotte Hornets, Plotkin is expected to co...
zerohedge14h ago
Germany Scrambles For Polish Oil Route As Russia Halts Druzhba Flows
Germany Scrambles For Polish Oil Route As Russia Halts Druzhba Flows
Submitted by Julianne Geiger of OilPrice.com
Germany is hunting for solutions to reroute crude oil supplies to the PCK Schwedt refinery after Russia said it would halt Kazakh oil deliveries through the Druzhba pipeline starting May 1, with roughly 43,000 barrels per day (bpd) now at risk.
Berlin is now in talks with Poland over moving replacement barrels through the port of Gdansk, with potential deliveries ...
zerohedge16h ago
NATO Mulls Nixing Annual Summits, Wary Of 'Trump Drama' Overshadowing
NATO Mulls Nixing Annual Summits, Wary Of 'Trump Drama' Overshadowing
Fresh reporting in Reuters says that NATO leadership is mulling ending its practice of holding annual summits as the Trump presidency has "cast a long shadow" over such meetings and as member states are looking for "less drama".
For example, at the 2018 summit Trump threatened to walk out after bitterly complaining over allies' low defense spending. Jens Stoltenberg, NATO’s secretary general at the time, wrot...
zerohedge19h ago
Germany's Anti-immigration AfD Party Soars To New Record High Support; Poll Finds
Germany's Anti-immigration AfD Party Soars To New Record High Support; Poll Finds
Via Remix News,
The anti-immigration Alternative for Germany (AfD) has jumped to a new record high in a recent poll conducted by the opinion research institute Insa. In the poll, the AfD increased its lead over the Christian Democratic Union (CDU) and Christian Social Union (CSU).
According to the “Sunday trend” poll, which is conducted on a weekly basis for the Bild am Sonntag, the AfD has reac...
zerohedge35m ago
"We Can't Move Forward": Brookfield-Backed Compass Abandons Virginia Data Center Project
"We Can't Move Forward": Brookfield-Backed Compass Abandons Virginia Data Center Project
Compass Datacenters is abandoning a massive data center project in Northern Virginia after what Bloomberg described as "intense pushback from local residents."
The retreat comes as local opposition to data center buildouts accelerates nationwide, with residents increasingly furious over surging power demand, soaring electricity bills, land-use battles, and transmission lines cutting through ...
zerohedge2h ago
KPMG Ends U.S. Gov't Audit Business After Losing Army Contract
KPMG Ends U.S. Gov't Audit Business After Losing Army Contract
KPMG, one of the Big Four accounting firms, is winding down its federal government audit business after losing a $64 million-a-year U.S. Army audit contract, a major setback as the Department of War under Defense Secretary Pete Hegseth moves to bring in another accounting firm.
According to the Financial Times, the Army's shift to a new auditor comes as pressure intensifies on Hegseth to gain control of the DoW's fin...
zerohedge3h ago
The Day The Memecoin Dies
The Day The Memecoin Dies
Submitted by QTR's Fringe Finance
I opened Twitter this morning and saw a photo of a group of guys, lanyards swinging, hoodies zipped, shuffling off to a “memecoin conference.”
Which is to say we have reached the point in the batshit insanity cycle where people are boarding planes and booking hotels to celebrate coins that started as jokes about dogs. Pause and really sit with that.
Memecoins are not businesses. They are not technologies in any meani...
zerohedge4h ago
Iranian Currency Hits All-Time Low As Tehran Threatens 'Unprecedented' Response To US 'Maritime Piracy'
Iranian Currency Hits All-Time Low As Tehran Threatens 'Unprecedented' Response To US 'Maritime Piracy'
Via The Cradle
Iran’s currency plummeted to a record low on Wednesday, dropping to 1.8 million against the dollar following the brutal US-Israeli war, coinciding with uncertainty over the fragile truce and rising energy prices worldwide.
The currency began a sharp descent two days ago after several weeks of artificial stability. During the initial weeks of the US-Israeli war ...
zerohedge4h ago
Alphabet Surges After-Hours On Record Search Queries, Backlog Builds
Alphabet Surges After-Hours On Record Search Queries, Backlog Builds
Google shares are rallying after hours as parent Alphabet's first-quarter earnings report showed strong revenue growth in cloud computing and internet search ads, helping investors look past slowing profits amid huge AI spend.
Earnings per share were $5.11, well ahead of Wall Street's consensus estimate of $2.63, and up from $2.81 last year.
Revenue for the quarter reached $110 billion, more than expectation...
zerohedge5h ago
United Pilot Reports 737 Struck By "Red, Shiny" Drone On San Diego Approach
United Pilot Reports 737 Struck By "Red, Shiny" Drone On San Diego Approach
OSINT accounts on X are circulating ATC audio from theATCapp that allegedly captures a United Airlines pilot reporting a drone strike while the Boeing 737 was on base leg for landing at San Diego International Airport.
The pilot of United 1980 told SAN Ground that, at around 3,000 feet, the 737 struck a drone during the base leg, which is right before final approach.
Ground asked the United 1980 pilot...
zerohedge6h ago
Water-Based Method Recovers 65% Of EV Battery Metals In One Minute At Room Temperature
Water-Based Method Recovers 65% Of EV Battery Metals In One Minute At Room Temperature
Authored by Neetika Walter via Interesting Engineering,
Researchers at Rice University have developed a water-based method that recovers valuable metals from spent lithium-ion batteries in minutes, offering a faster and lower-energy alternative to conventional recycling systems.
The new process targets key battery materials including lithium, cobalt, nickel, and manganese, which are in growing...
zerohedge6h ago
Acting AG Blanche Denies Trump Directed James Comey Prosecution
Acting AG Blanche Denies Trump Directed James Comey Prosecution
Authored by Jack Phillips via The Epoch Times (emphasis ours),
Acting Attorney General Todd Blanche on April 29 said that President Donald Trump did not order the Department of Justice (DOJ) to file more charges against former FBI Director James Comey over a social media post that he made last year.
Acting Attorney General Todd Blanche (L) speaks alongside FBI Director Kash Patel during a press conference about the ...
zerohedge7h ago
Even GOP Hawks Now Alarmed Over Iran War Fallout As 60-Days Hits Friday
Even GOP Hawks Now Alarmed Over Iran War Fallout As 60-Days Hits Friday
Amid reports that Vice President JD Vance is very seriously questioning the White House's Iran War narrative along with the Pentagon's rosy and overly positive updates on how things are going, over in Congress there's growing alarm as Trump's Operation Epic Fury is set to hit the 60-day mark on Friday.
Republicans no doubt want to wrap things up fast, however, the latest reports say the White House is prepa...
zerohedge8h ago
"6–12 Months For Construction Permits" - The Nuclear Regulation Overhaul
"6–12 Months For Construction Permits" - The Nuclear Regulation Overhaul
As we have been detailing for months, the Trump administration is pushing the deployment of nuclear energy in ways never before seen in modern times. Among the dozens of major regulatory changes, award programs, and high-speed development initiatives, the administration seems to be clearing a new roadblock every week, yet in reality it is greatly lagging global rollout of NPPs, and especially China which is...
zerohedge9h ago
AI Agent Deletes Startup's Database In 9 Seconds, Founder Says
AI Agent Deletes Startup's Database In 9 Seconds, Founder Says
Authored by Jason Nelson via Decrypt.co,
PocketOS founder Jeremy Crane claims a Cursor agent running Anthropic’s Claude Opus deleted his company’s production database and backups in nine seconds.
Crane said the AI later produced a written explanation admitting it violated multiple safety rules.
The incident raises questions about AI coding tools, Railway’s infrastructure design, and safeguards around destructive A...
zerohedge10h ago
OPEC +/-
OPEC +/-
By Bas van Geffen, Senior Macro Strategist at Rabobank
Brent futures topped $115/barrel, after news broke that US President Trump rejected Iran’s proposal to reopen the Strait of Hormuz. According to CNN’s sources, Iran is expected to submit a revised proposal in the next few days. However, it is unclear why Trump would accept this new version, unless Iran is suddenly willing to make concessions on its nuclear program.
Meanwhile, Reuters reports that US intelligence ...
zerohedge10h ago
Fed Chair Pick Warsh Approved By Key Senate Committee Along Party Lines
Fed Chair Pick Warsh Approved By Key Senate Committee Along Party Lines
The drama over Kevin Warsh's nomination as Trump's pick for next Fed chair appears to be over.
Moments ago, Warsh won the backing of the Senate Banking Committee Wednesday in a 13-11 party-line vote, putting him on track to be confirmed by the full Senate before Jerome Powell’s term ends May 15, Bloomberg reproted.
Warsh’s nomination had been held up by Republican Senator Thom Tillis until the Department...
zerohedge11h ago
JetBlue Plans 30-40% "Fuel Recapture" Fare Hikes, Capacity Cuts To Cover Rising Costs
JetBlue Plans 30-40% "Fuel Recapture" Fare Hikes, Capacity Cuts To Cover Rising Costs
Thanks to the war in Iran, JetBlue Airlines is passing the cost along to us - announcing during Q1 earnings on Tuesday that while the airline had strong revenue performance, prices are going up due to rising fuel costs.
A JetBlue Embraer 190 taxis on the tarmac at Ronald Reagan Washington National Airport in Arlington, Va., on June 29, 2021. Daniel Slim/AFP via Getty Images
"While the macro ...
zerohedge11h ago
Housing Starts Surge To Highest Since 2024 As Permits Unexpectedly Crater
Housing Starts Surge To Highest Since 2024 As Permits Unexpectedly Crater
With mortgage rates still relatively low, despite a recent jump in interest rates, and a top-down push for affordability, Housing Starts for March soared while the more forward-looking Building Permits disappointed, unexpectedly plunged.
Housing starts soared 10.8% MoM in March (far more than the -0.4% expected drop) while Permits plunged 10.8% MoM (and worse than the -0.4% decline expected)...
This pus...
zerohedge12h ago
Futures Flat Ahead Of Fed, Mag 7 Earnings Avalanche
Futures Flat Ahead Of Fed, Mag 7 Earnings Avalanche
S&P futures are flat with Nasdaq outperforming ahead of a huge day for tech. Alphabet, Amazon, Meta and Microsoft, representing nearly 20% of S&P market cap, report after the close, with traders focused on capex. The group has a combined options implied move of more than $750 billion of market cap in either direction. As of 8:00am ET, S&P futures are unchanged; Nasdaq futures rise 0.3% amid dip buying following strong results f...
zerohedge13h ago
$43,000 Front-Row Seats: How Soccer Fans Are Being Priced Out Of World Cup
$43,000 Front-Row Seats: How Soccer Fans Are Being Priced Out Of World Cup
Authored by Aaron Gifford via The Epoch Times (emphasis ours),
First-round match ticket: $280 to $43,000.
Stadium daily parking pass: $150 to $600.
Public transportation to venues: $100 or more in some cities.
In-person 2026 FIFA World Cup experience: Priceless, or somewhere between a mortgage payment and a year or two of college, depending on who you ask.
Cristiano Ronaldo of team Al-Nassr FC scores the ...
zerohedge15h ago
Most Americans Expect Prolonged Conflict With Iran
Most Americans Expect Prolonged Conflict With Iran
Most U.S. adults oppose the war with Iran and say the U.S. should make a deal to end the war as fast as possible. In a recent survey of 1,700 adults, conducted by the Economist and YouGov between April 17 and 20, only 12 percent said they thought that such a deal would be reached in the next two weeks.
As Statista's Anna Fleck shows in the following chart, roughly half (48 percent) of respondents thought that it was either very ...
zerohedge17h ago
25,000 Ground Robots In Battlefield Planned By Ukraine For Frontline Logistics
25,000 Ground Robots In Battlefield Planned By Ukraine For Frontline Logistics
Authored by Mrigakshi Dixit via Interesting Engineering,
In a move toward fully autonomous warfare, Ukraine’s Defense Ministry plans to procure 25,000 unmanned ground vehicles by mid-2026. This initiative aims to replace human soldiers with robotic systems for all frontline logistics and double the 2025 deployment rate.
Reportedly, Defense Minister Mykhailo Fedorov stated that the ultimate goal is to ...
zerohedge21h ago
12 Signs That The Relentless Decline Of Our Society Is Accelerating
12 Signs That The Relentless Decline Of Our Society Is Accelerating
Authored by Michael Snyder via End Of The American Dream,
I have got some really crazy stuff to share with you in this article. For more than a decade and a half, I have been writing about the decline of our society. Sadly, over that period of time there has been an inexorable deterioration of our culture. We no longer agree on a generally accepted set of moral values, all of our major institutions are crumbling...
zerohedge1h ago
China Loses Monopoly Over The Rarest Of Rare Earths
China Loses Monopoly Over The Rarest Of Rare Earths
With less than three weeks to go the Trump-Xi summit in China, the scramble for leverage and superiority - whether in terms of the Iran war or the just as important supply chain of rare earths - is on. That explains why the Pentagon’s push to get its hands on the rarest of the rare-earth elements leads all the way to this small port city in Malaysia.
As the WSJ reports, Australia's Lynas Rare Earths has begun pumping out heavy ...
zerohedge2h ago
Japan's Largest Airport Deploys Humanoid Robots For Baggage, Cargo
Japan's Largest Airport Deploys Humanoid Robots For Baggage, Cargo
Authored by Jijo Malayil via Interesting Engineering,
Humanoid robots will soon assist ground crews in Tokyo as Japan Airlines launches a trial to address growing labor shortages.
Starting in May, the Chinese-made machines will assist with moving baggage and cargo on the tarmac at Tokyo’s Haneda Airport, working alongside human handlers.
The initiative, run with GMO Internet Group, comes as Japan faces rising ...
zerohedge3h ago
Putin Presents Victory Day Truce In Ukraine During 90-Minute Trump Call
Putin Presents Victory Day Truce In Ukraine During 90-Minute Trump Call
With things in the Persian Gulf and the Iran War 'stuck'... it's apparently time to pivot back to that other 'stuck' war, in Ukraine. President Trump on Wednesday spoke over the phone with his Russian counterpart Vladimir Putin, with the call reportedly lasting an impressive 1.5+ hours, and the talk centered on finding ways forward both with the Iran and Ukraine conflicts.
The most important item to emerge w...
zerohedge4h ago
Is This A Sign That The Schumer Era Is Coming To An End?
Is This A Sign That The Schumer Era Is Coming To An End?
Senate Minority Leader Chuck Schumer spent months cultivating what appeared to be a solid roster of Democratic recruits for 2026. He cleared the field in Ohio, North Carolina, and Alaska — all states where flipping the seats would be a major victory for the Democrats and potentially hand them a majority in the upper chamber in a year with an otherwise brutal map for their party.
But in the races that may ultimately define ...
zerohedge4h ago
MSFT Dumps As CapEx Disappoints, Despite Top- & Bottom-Line Beat
MSFT Dumps As CapEx Disappoints, Despite Top- & Bottom-Line Beat
Heading into the "biggest earnings day ever", MSFT was near the bottom of the Mag7 group, down 22% from its 52-week high, with capacity constraints hampering growth and CapEx concerns weighing down the stock.
Microsoft has guided to roughly $80 billion in AI data center spending this fiscal year, and the Street wants to know if that money is actually getting deployed.
The headline results were solid and prompted in...
zerohedge5h ago
Chinese Nationals Among 51 Indicted Over Marijuana Grow Operations In Oklahoma
Chinese Nationals Among 51 Indicted Over Marijuana Grow Operations In Oklahoma
Authored by Michael Clements via The Epoch Times (emphasis ours),
A Department of Homeland Security investigation has resulted in the indictment of 51 defendants—including 29 Chinese nationals—on 67 counts of conspiracy to manufacture black-market marijuana in Oklahoma for distribution in Texas, Mississippi, Kansas, and North Carolina, among other locales.
Oklahoma drug enforcement agent Mike Garcia l...
zerohedge6h ago
Wall Street Reacts To Powell's Last FOMC Meeting
Wall Street Reacts To Powell's Last FOMC Meeting
The kneejerk reaction from Wall Street pundits is that the bar for the Federal Reserve to hike rates is still relatively high and there’s no need for the Fed to change its bias or react in a meaningful way: that's the view voiced by SocGen's US Research Head Subadra Rajappa, who said on BBG TV that the "US is in a very good position overall"
Others, such as Deutsche Bank Chief US Economist Luzzetti, said that "the Fed could adopt ...
zerohedge7h ago
Powell's Final FOMC Sees Most Dissents In 34 Years As Fed Keeps Rate Unch (As Expected)
Powell's Final FOMC Sees Most Dissents In 34 Years As Fed Keeps Rate Unch (As Expected)
Since the last FOMC meeting (on March 18), gold has been clubbed like a baby seal ("EM piggy bank") while stocks and oil have surged (with the former ignoring the peril of the latter)...
During that time, Fed rate-change expectations have swung violently from a full rate-cut to a full rate-hike and fallen back to no change at all in 2026, notably (hawkishly) rising in the last few days as ...
zerohedge7h ago
Al Gore Shifts On Global Warming: Time To Watch Out For A New Ice Age?
Al Gore Shifts On Global Warming: Time To Watch Out For A New Ice Age?
The rhetoric and predictions behind climate change "science" change so haphazardly, it's a sure sign that the entire field of study is fraudulent. If the manufactured hysteria is not enough to clue people in, the failed predictions of Al Gore should do the trick.
Former Vice President Al Gore warned a Hollywood audience this week that a "Gulf Stream collapse" could occur within 25 years, leading to an abrupt...
zerohedge8h ago
COVID Cover-Up: Hiding Star Researcher Ralph Baric's Ties To Global Pandemic
COVID Cover-Up: Hiding Star Researcher Ralph Baric's Ties To Global Pandemic
Authored by Paul D. Thacker via RealClearInvestigations,
In March 2020, a couple of months after the Centers for Disease Control and Prevention reported the first confirmed case of COVID-19 in the United States, editors at the journal Nature Medicine appended a note to a coronavirus study it had published five years prior. “We are aware that this article is being used as the basis for unverified theorie...
zerohedge9h ago
US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022
US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022
One week ago we lamented that the record oil inventory drawdown, which has seen over 250 million barrels drained from storage since the start of the war, has not led to higher oil prices (for those who missed it, Goldman forecast that global visible oil inventories are likely to reach record-low levels even in an optimistic scenario where Hormuz flows start to recover by the end of ...
zerohedge10h ago
Bloom Energy Erupts On Beat, Guidance Upgrade As On-Site Data Center Power Demand Soars
Bloom Energy Erupts On Beat, Guidance Upgrade As On-Site Data Center Power Demand Soars
Clean-power company Bloom Energy surged early in the U.S. cash session after reporting earnings Tuesday after the close, raising its full-year revenue and margin guidance on rising demand from data centers and other commercial customers.
The maker of solid oxide fuel cell systems, branded as Bloom Energy Servers, that generate electricity on-site for customers, posted a profit of $70.7 milli...
zerohedge11h ago
Max Pressure: U.S. Prepares For Extended Hormuz Blockade As Treasury Warns Sanction Risks Linked To China's "Teapot" Refineries
Max Pressure: U.S. Prepares For Extended Hormuz Blockade As Treasury Warns Sanction Risks Linked To China's "Teapot" Refineries
The U.S. is intensifying pressure on Iran and China across two fronts.
First, on the military side, The Wall Street Journal reported that President Trump told top aides to prepare for an extended U.S. naval blockade of the Strait of Hormuz, a move that would strangle Tehran's oil revenue.
Second, on the economic side, the Treasury Department's Office of...
zerohedge11h ago
Core Durables Goods Surge For 12th Straight Month, Push Bond Yield Higher
Core Durables Goods Surge For 12th Straight Month, Push Bond Yield Higher
After a recent string of 'soft' survey data, this morning we get some 'hard' data and it was far stronger than expected.
Preliminary headline durable goods orders for March rose 0.8% MoM (better than the 0.5% MoM exp), and the first increase after a three month decline to start the year (which was the first 3-month decline since Nov 2019).
The increase took place despite continued weakness in aircraft o...
zerohedge12h ago
Wingstop Tumbles As Chicken Demand Falters, Guidance Cut
Wingstop Tumbles As Chicken Demand Falters, Guidance Cut
Wingstop shares fell the most in six months in premarket trading after the company cut its full-year outlook and reported weaker-than-expected first-quarter sales, citing a pullback in traffic as management pointed to "continued pressure on consumer spending."
The chicken chain, with 2,653 locations across the US, now expects 2026 domestic same-store sales to decline at a low single-digit rate, down from its prior forecast...
zerohedge12h ago
Brent Nears Iran War Highs After Trump Orders "Extended Blockade", Threatens "No More Mr. Nice Guy"
Brent Nears Iran War Highs After Trump Orders "Extended Blockade", Threatens "No More Mr. Nice Guy"
Summary
Trump warns Iran to "get their act together" and to "get smart" - and for the second time writes "no more Mr. Nice Guy".
Brent Crude nears Iran war high of $115 per barrel & highest since June 2022.
Trump in 4am Truth Social post: "Iran can't get their act together. They don't know how to sign a nonnuclear deal. They better get smart soon!"
Fresh White House statement i...
zerohedge14h ago
Goldman's State Of U.S. Consumer Outlook Gets More Grim
Goldman's State Of U.S. Consumer Outlook Gets More Grim
Goldman consumer analysts Kate McShane and Bonnie Herzog cut their 2026 discretionary cash-inflow growth forecast for the second time this year, citing a worsening squeeze on U.S. households as slower disposable income growth collides with higher fuel prices at the pump. The revision points to a softening among cash-strapped consumers as the US-Iran conflict enters its third month.
McShane and Herzog cut their 2026 U.S. di...
zerohedge16h ago
After Record $19.50 Premium, Saudis Eye Sharp Cut To June Asia Prices
After Record $19.50 Premium, Saudis Eye Sharp Cut To June Asia Prices
Submitted by Charles Kennedy of OilPrice.com
The world’s top crude exporter, Saudi Arabia, is expected to slash its official selling prices (OSPs) for crude loading for Asia in June from the record-highs for May as the premiums of the Middle Eastern benchmarks eased this month.
Saudi oil giant Aramco is widely expected to announce in early May a reduction of the OSP of the flagship Arab Light crude by between ...
zerohedge18h ago
Israelis Outraged After Govt Sent Vital Arrow Missiles To Germany Mid-Iran War
Israelis Outraged After Govt Sent Vital Arrow Missiles To Germany Mid-Iran War
There's growing outrage and political division in Israel after news emerged that the government and defense ministry fulfilled a weapons contract with Germany, sending vital Arrow air defense missiles to Berlin during the middle of the Iran war.
At the very moment the missiles were being delivered, Israeli citizens were dying under Iran's fierce ballistic missile retaliation attacks during the height ...
zerohedge22h ago
Republican Lawmakers Move On Legislation To Build And Fund Trump's $400 Million Ballroom
Republican Lawmakers Move On Legislation To Build And Fund Trump's $400 Million Ballroom
Two days after a gunman tried to breach security at the White House Correspondents’ Association dinner at the Hilton hotel, Republican lawmakers got straight to work pushing for President Donald Trump's $400 million White House ballroom.
The president and First Lady Melania Trump were ushered out of the dinner after the gunman pulled a Leeroy Jenkins past security and shot a Secret Service ...