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Alt - Zero Hedge - 42 minutes ago

Average 7Y Auction Stops On The Screws As Foreign Demand Slides

Average 7Y Auction Stops On The Screws As Foreign Demand Slides After a solid 2Y auction and a subpar 5Y auction earlier this week, moments ago we got the week's final Treasury issuance when the US auctioned off $44BN in 7Y paper in a perfectly average sale. Starting at the top, the bond priced at a high yield  of 4.260%, down modestly from 4.290% last month and in the middle of a range established in late-2023 after which the 7Y has traded between 3.50% and 5%. The auction also p...

Alt - Zero Hedge - 46 minutes ago

Obama-Appointed Federal Judge Blocks Trump's EO Requiring Proof Of Citizenship To Vote

Obama-Appointed Federal Judge Blocks Trump's EO Requiring Proof Of Citizenship To Vote Via American Greatness, A federal judge on Wednesday permanently blocked key portions of President Donald Trump’s executive order overhauling federal election procedures, ruling that the president exceeded his constitutional authority by attempting to impose new voting requirements without congressional approval. U.S. District Judge Denise Casper, an appointee of former President Barack Obama,...

Alt - Boing Boing - 1 hour ago

A mountain man spent 25 years eating the livers of the people who killed his wife

In 1847, a young Crow hunting party killed the wife of John Garrison Johnston, a former Navy deserter turned mountain man in Montana Territory. According to historian Andrew Mehane Southerland, "He supposedly killed and scalped more than 300 Crow Indians and then devoured their livers" to avenge her death, and "as his reputation and collection of scalps grew, Johnson became an object of fear." Read the rest The post A mountain man spent 25 years eating the livers of the people who killed his wi...

Alt - Zero Hedge - 1 hour ago

A River In Egypt

A River In Egypt By Molly Schwartz, cross-asset strategist at Rabobank A river in Egypt Scott Bessent took to CNBC’s Squawk Box yesterday to opine on the situation with Iran. Bessent echoed Trump’s comments that any released Iranian assets are to remain under US Treasury oversight and are restricted to use for food and medicine. However, money is fungible, and any released cash that is used to help civilians may mean more cash from other places that can be used to support the IRGC...

Alt - Boing Boing - 1 hour ago

Leica's SL3-P loses the dot, gets 8K open-gate video

The Leica SL3-P is its new full-frame mirrorless camera, landing in the middle of the L-mount SL line with a 44-megapixel sensor, plain black controls and no red dot. As discreet as a $7k-ish camera might be, then, it's aimed at working photogs in need of multishot frame-stacking, 14 stops of dynamic range, 8K open-gate video, and 5-axis stabilisation. Read the rest The post Leica's SL3-P loses the dot, gets 8K open-gate video appeared first on Boing Boing.

Alt - Zero Hedge - 1 hour ago

French Navy Boards 5th Russian 'Shadow Fleet' Vessel Off Europe Since September

French Navy Boards 5th Russian 'Shadow Fleet' Vessel Off Europe Since September French President Emmanuel Macron has announced yet another highly provocative naval seizure of a Russian so-called shadow fleet vessel.  "On Tuesday, the French navy boarded the oil tanker Deliver as it was passing off the coast of Sicily in breach of maritime law," Macron wrote in a post on X, revealing the prior interdiction that took place earlier in the week. Illustrative, via French Navy Reports s...

Alt - Boing Boing - 2 hours ago

Facebook employee data exposed in Meta's own surveillance program

A while ago, we talked about the fact that Meta's employees were upset that Mark Zuckerberg wanted to watch them use their computers while they were on the clock. It's irony so delicious you wanna eat it with a ladle. 1,600 of Meta's minions signed a petition against being treated the same way that Meta has been treating Facebook users for years. Read the rest The post Facebook employee data exposed in Meta's own surveillance program appeared first on Boing Boing.

Alt - Boing Boing - 2 hours ago

CDC buried this COVID vaccine study, so scientists published it anyway

During Grandpa Puddin' Brain's first term, he declared that COVID-19 wasn't a big deal. He asserted that he wouldn't close the country down for a flu, so COVID wasn't gonna lock the doors either. He scoffed at how dangerous the coronavirus was at the time, downplaying the danger that the pandemic represented and said that it would simply "go away." Read the rest The post CDC buried this COVID vaccine study, so scientists published it anyway appeared first on Boing Boing.

Alt - Zero Hedge - 2 hours ago

Trump Singles Out Exxon, Chevron, Shell, And BP Over High Gas Prices

Trump Singles Out Exxon, Chevron, Shell, And BP Over High Gas Prices By Irina Slav for OilPrice.com President Donald Trump has listed Exxon, Chevron, Shell, and BP as being among companies responsible for excessively high fuel prices, following the announcement of a federal government probe into price-gouging earlier in the week. “Oil prices have come down so much and we are not seeing anything at the pump by comparison the way they should be,” the U.S. president told media, as ...

Alt - Zero Hedge - 2 hours ago

US Humanitarian Response Begins In Quake-Ravaged Venezuela, Are Hospital Ships Next?

US Humanitarian Response Begins In Quake-Ravaged Venezuela, Are Hospital Ships Next? Summary US Phase One Of Humanitarian Response Begins Buildings collapsed in several districts of Caracas Venezuela declared a state of emergency after the earthquakes  Secretary of State Marco Rubio Deploys First Responders  Trump Says "U.S.A. stands ready, willing, and able to help"  USGS Says Quakes May Prompt "International Response"  USGS Fears Death Toll Ranging Between 10k - 100k  Phase...

Alt - Zero Hedge - 2 hours ago

Cargo Vessel Comes Under Apparent Iranian Attack Near Oman, Crude Jumps, After IRGC Warned It Controls Hormuz Strait

Cargo Vessel Comes Under Apparent Iranian Attack Near Oman, Crude Jumps, After IRGC Warned It Controls Hormuz Strait Summary: Iran tightens control over Hormuz: The IRGC says ships must obtain authorization to transit the strait or face enforcement action. Shipping disruptions emerge after increased flows: A tanker near Oman was reportedly attacked, and several vessels turned back after Iranian warnings, sending oil prices higher. Tehran seeks billions in transit fees: Iran wants...

Alt - Zero Hedge - 2 hours ago

Supreme Court Allows Trump Admin To Remove Deportation Protections For Syrians and Haitians

Supreme Court Allows Trump Admin To Remove Deportation Protections For Syrians and Haitians Authored by Sam Dorman via The Epoch Times, The Supreme Court has allowed the Department of Homeland Security’s (DHS’s) attempt to remove deportation protections for nationals of Haiti and Syria. In a 6–3 decision on June 25, a majority of the court said federal law barred judicial review of non-constitutional arguments against the department’s determinations. Justice Samuel Alito wrote ...

Alt - Zero Hedge - 2 hours ago

75% Of US GDP Growth In The First Quarter Was Due To AI

75% Of US GDP Growth In The First Quarter Was Due To AI On the surface, today's final revision (aka 3rd estimate) of the US Q1 GDP print was unremarkable: Real GDP grew 2.1% annualized in the first quarter, a reversal of last month's downward revision of 1.6%, but back to where the original print was when it was reported in April, when the BEA reported 2.0% growth.  The print reflected a downward revision to imports, which are a subtraction in the calculation of GDP, that was partl...

Alt - Zero Hedge - 3 hours ago

Iran Still Eyes Multi-Billion Dollar Hormuz Toll Scheme, With China's Help, As Rubio Says Gulf Allies Won't Let It Happen

Iran Still Eyes Multi-Billion Dollar Hormuz Toll Scheme, With China's Help, As Rubio Says Gulf Allies Won't Let It Happen Update(11:05ET): Despite Rubio's warning while meeting with GCC allies in Bahrain, Iran is planning to move forward on charging hefty fees for vessels wishing to transit the Strait of Hormuz under its protocol, which is to be enforced by the IRGC. What's more is that it's seeking Beijing's approval and help. Iran’s chief negotiator and Parliament Speaker, Mohamm...

Alt - Boing Boing - 3 hours ago

Deal Days knocks this HP EliteBook workhorse down to $275

TL;DR: The certified refurbished HP EliteBook 840 G8 packs a Core i5 processor, 16GB RAM, 512GB SSD, and Windows 11 Pro for $274.97 (reg. $899.98) during Deal Days. The laptop industry would prefer that you replace your computer every few years. Read the rest The post Deal Days knocks this HP EliteBook workhorse down to $275 appeared first on Boing Boing.

Alt - Zero Hedge - 3 hours ago

Bayer Stock Soars After Supreme Court Guts Core Legal Theory Behind 1000s Of Roundup Cases

Bayer Stock Soars After Supreme Court Guts Core Legal Theory Behind 1000s Of Roundup Cases Bayer AG shares soared in Frankfurt on Thursday morning after the Supreme Court sided with the German pharmaceutical and life sciences giant in a major Roundup ruling expected to block thousands of lawsuits alleging it failed to warn consumers that the weedkiller could cause cancer. Bloomberg reported that the Supreme Court voted 7 - 2 to throw out a $1.25 million jury verdict won by Missouri...

Alt - Zero Hedge - 3 hours ago

Bitcoin Tumbles As Strategy Slammed, Faces Massive $10 Billion Option Expiry

Bitcoin Tumbles As Strategy Slammed, Faces Massive $10 Billion Option Expiry Moments after the cash market opened, bitcoin plunged almost $3,000 in a matter of seconds to $58,000, on no news, sending the price to the lowest level since Sept 2024.  This was a strange move for bitcoin because while stocks do tend to move rapidly at cash open as that's when options restart trading (as we have noted, in recent months most investors are trading almost exclusively in options and avoidi...

Alt - Zero Hedge - 3 hours ago

A Golden Opportunity Just Appeared

A Golden Opportunity Just Appeared Authored by Matt Badiali via DailyReckoning.com, The headlines are screaming that gold is falling. And it’s true. The price dipped below $4,000 per ounce for the first time since November 2025. This seems backward. There are multiple wars going on in the world. Fuel prices are high. Gold is supposed to be the “safe haven” asset. Why isn’t it going up? Well, as analysts from LPL Financial, the largest broker-dealer in the U.S. said, gold is ...

Alt - Zero Hedge - 4 hours ago

Apple Price Shock: Macs And iPads Jump $200 Or More As Memory Crisis Worsens

Apple Price Shock: Macs And iPads Jump $200 Or More As Memory Crisis Worsens Readers were warned as early as late January to front-run the coming memory shortage by purchasing their favorite electronics, whether PCs, laptops, TVs, smartphones, or anything else dependent on high-end memory chips, as unprecedented data-center demand was already beginning to emerge. Fast forward nearly five months, and just two weeks after Apple CEO Tim Cook warned that "price increases are unavoidabl...

Alt - Zero Hedge - 4 hours ago

Afghan Asylum Seeker Sentenced For Raping Goats And 6-Month-Old Lamb

Afghan Asylum Seeker Sentenced For Raping Goats And 6-Month-Old Lamb Via Remix News, A 19-year-old Afghan man, Massoud S., was tried Monday at the Aix-en-Provence court for sexual assault against six goats, one of which died, and a 6-month-old lamb at an educational farm. He has been convicted and sentenced to 30 months in prison and a ban from French territory. Afghan migrant Massoud S. was initially charged with “serious abuse or act of cruelty against a domestic, tame, or cap...

Alt - Zero Hedge - 5 hours ago

Trump Requests $88 Billion Supplemental Funding Package Focused On Iran War Funds, Farm Aid, And Ebola Response

Trump Requests $88 Billion Supplemental Funding Package Focused On Iran War Funds, Farm Aid, And Ebola Response President Donald Trump formally asked Congress on Wednesday for $87.6 billion in supplemental appropriations - your tax dollars (for our American readers) - to cover urgent needs stemming from the U.S. military campaign against Iran, provide economic relief to American farmers, and respond to the Ebola outbreak in Central Africa. The request, sent in a letter to House S...

Alt - Zero Hedge - 5 hours ago

Continuing Jobless Claims At 3-Month-Highs, Initial Claims Tumble Back To 2021 Levels

Continuing Jobless Claims At 3-Month-Highs, Initial Claims Tumble Back To 2021 Levels The number of Americans filing for unemployment benefits for the first time fell last week to 215k (after hitting four month highs last week), well below the 225k expectations and back to the same levels it was at in 2021... New Jersey and Oregon saw the biggest WoW rise in initial jobless claims while Minnesota and Pennsylvania saw the biggest decline... At the same time, continuing jobless ...

Alt - Zero Hedge - 5 hours ago

Services Costs Drag Fed's Favorite Inflation Signal To 3-Year Highs, Savings Rate Holds Near Lows

Services Costs Drag Fed's Favorite Inflation Signal To 3-Year Highs, Savings Rate Holds Near Lows After accelerating in March and April, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - was expected to rise once again in May. And it did with the crucial inflation signal up 0.3% MoM (as expected) and up 3.4% YoY (as expected) and at the highest level since Nov 2023... Servi...

Alt - Zero Hedge - 5 hours ago

Rubio In Gulf Says 'Zero Support' For Hormuz Tolls, As IRGC Warns Ships Not Complying 'Will Be Dealt With'

Rubio In Gulf Says 'Zero Support' For Hormuz Tolls, As IRGC Warns Ships Not Complying 'Will Be Dealt With' Secretary of State Marco Rubio has made some fresh Thursday remarks in Manama, Bahrain after his meeting with Gulf Cooperation Council (GCC) foreign ministers. "We had a very productive meeting," he acknowledged. The US top diplomat emphasized that "zero support" from Gulf countries for tolls or fees on the Strait of Hormuz, in contradiction to Iran's official stance (and poss...

Alt - Zero Hedge - 6 hours ago

Another OPEC Exit? Iraq Warns It Could Abandon Oil Cartel If Quota Hike Rejected

Another OPEC Exit? Iraq Warns It Could Abandon Oil Cartel If Quota Hike Rejected Iraq is sending a warning shot to OPEC: raise Baghdad's oil production quota to better reflect its capacity and fiscal needs, or risk yet another defection from the oil-producing cartel. "The ministry currently has no intention of withdrawing from OPEC, and we remain committed to operating within the organization's framework and mechanisms," Oil Ministry spokesman Salim Al-Rikabi told Bloomberg via a ...

Alt - Zero Hedge - 6 hours ago

The AI Race Will Be Won Or Lost On Power Infrastructure

The AI Race Will Be Won Or Lost On Power Infrastructure By Amanda Simonian, chief marketing officer at TerraFlow Energy, first published in UtilityDive Over the past several months, moving between conversations on Capitol Hill, industry conferences, and meetings with operators, developers and policymakers, I have been struck by how often very different discussions keep circling back to the same underlying concern: power. In congressional offices, it comes up through the language o...

Alt - Zero Hedge - 7 hours ago

Trump Says US "Ready To Help" After Twin Quakes Level Apartment Towers In Venezuela, USGS Warns Death Toll Could Hit 100K

Trump Says US "Ready To Help" After Twin Quakes Level Apartment Towers In Venezuela, USGS Warns Death Toll Could Hit 100K Summary Buildings collapsed in several districts of Caracas Venezuela declared a state of emergency after the earthquakes  Secretary of State Marco Rubio Deploys First Responders  Trump Says "U.S.A. stands ready, willing, and able to help"  USGS Says Quakes May Prompt "International Response"  USGS Fears Death Toll Ranging Between 10k - 100k  The twin quake...

Alt - Zero Hedge - 7 hours ago

Heat Dome Sends European Power Prices Soaring

Heat Dome Sends European Power Prices Soaring An intense heat wave continues to bake France and parts of Europe, with temperatures surging well above the 30-year average for this time of year. Welcome to summer.  They think we are stupid, that our memories cannot stretch back to when life was normal, and when our lives were not based on fear... Summer, it gets hot, Winter it gets cold... It's NORMAL. https://t.co/hYHvZ3dI2w — 🇨🇭🏴󠁧󠁢󠁥󠁮󠁧󠁿InLucysHead🏴󠁧󠁢󠁥󠁮󠁧󠁿🇨🇭© (@InsideLucysHead) Jun...

Alt - Zero Hedge - 7 hours ago

Chinese Humanoids Take On Penalty Challenge As Messi, Ronaldo Light Up FIFA World Cup

Chinese Humanoids Take On Penalty Challenge As Messi, Ronaldo Light Up FIFA World Cup Authored by Jijo Malayil via Interesting Engineering, As the World Cup fever grows around stars like Messi and Ronaldo, Shanghai hosts a unique penalty shootout featuring humanoid robots. Humanoid robots are stepping up for a penalty shootout.Boston Dynamics/YouTube At MWC Shanghai 2026, humanoid robots are stepping up to the spot in the Humanoid Robot Football Penalties Challenge, testing the li...

Alt - Zero Hedge - 10 hours ago

London's West End To Be Blanketed With AI Facial Recognition Cameras

London's West End To Be Blanketed With AI Facial Recognition Cameras Authored by Steve Watson via Modernity News, In the latest dystopian lunge toward a total surveillance state, the London Metropolitan Police has confirmed plans to deploy static live facial recognition cameras in the West End, including Soho and areas around major theatres and retail spots, with installation targeted for the end of this year. Six additional areas are slated for rollout in 2027. The fixed camera...

Alt - Zero Hedge - 11 hours ago

Albanian PM Pooh-Poohs 'Pink Flamingo' Protesters Opposing Jared Kushner Resorts

Albanian PM Pooh-Poohs 'Pink Flamingo' Protesters Opposing Jared Kushner Resorts After weeks of daily protests, Albanian Prime Minister Edi Rama is digging in to defend two luxury resort projects backed by Jared Kushner's investment company that have resulted in thousands of people protesting in the streets of the capital Tirana and on the southern coast, where one of the resorts is slated to be built.  Protesters opposed to two planned resorts in ecologically sensitive areas, in Ti...

Alt - Zero Hedge - 12 hours ago

So, How's Spain's Mass Migrant Amnesty Working Out?

So, How's Spain's Mass Migrant Amnesty Working Out? Authored by Aaron Hanscom via PJMedia.com, Half a million. That's the number that made headlines in April when Spanish Prime Minister Pedro Sánchez's Socialist government approved plans to grant legal status to 500,000 illegal migrants. But a leaked police report warned that the true number could be much higher, estimating that between 750,000 and 1 million illegal migrants living in Spain could apply for amnesty, in addition to...

Alt - Zero Hedge - 14 hours ago

National Insecurity: America's Continuing Reliance On Critical Chinese Materials

National Insecurity: America's Continuing Reliance On Critical Chinese Materials Authored by Benjamin Weingarten via RealClearWire, At the onset of the COVID-19 pandemic in 2020 - with face masks, gloves, and other basic protections in high demand - Chinese leaders threatened to plunge America into the "mighty sea of coronavirus" by withholding essential medical supplies in retaliation for measures such as the U.S. travel ban on visitors from China. The threat, issued through a ...

Alt - Zero Hedge - 14 hours ago

Troubling Pattern Of Left-Wing Revolutionaries Targeting "Capitalists" Raises Alarm Over Youth Radicalization

Troubling Pattern Of Left-Wing Revolutionaries Targeting "Capitalists" Raises Alarm Over Youth Radicalization A troubling pattern appears to be emerging. In a recent foiled terror plot targeting UFC Freedom 250 at the White House, authorities said the suspect of an underground network, led by an illegal alien ringleader, planned to use suicide drones and a sniper team against "capitalist elites." Separately, Rebel News described the Montreal shooter earlier this week as an "antisem...

Alt - Zero Hedge - 15 hours ago

US Escalates Crackdown On Overseas Scam Network Targeting Americans

US Escalates Crackdown On Overseas Scam Network Targeting Americans Authored by Arthur Zhang via The Epoch Times, The United States has taken coordinated action against a Southeast Asia-based scam and money-laundering network that officials say used forced-labor compounds and online investment fraud to steal billions of dollars from Americans. Scam center workers and victims from China arrive at the border checkpoint with Thailand, in Myawaddy, Burma, on Feb. 20, 2025. Hundreds of ...

Alt - Zero Hedge - 16 hours ago

Tennessee Considers Up To 26 GW Of Gas-Fired Generation

Tennessee Considers Up To 26 GW Of Gas-Fired Generation By Diana DiGangi of UtilityDive The Tennessee Valley Authority released its preliminary 2026 integrated resource plan on Monday, saying load growth in its footprint is already outpacing the reference case forecast in its draft IRP, and that it has incremental capacity needs for between 7 GW and 26 GW of natural gas between now and 2040. “TVA’s actual and forecasted electricity demand has increased relative to the draft IRP’...

Alt - Zero Hedge - 16 hours ago

Judge Strikes Down Trump-Era Courthouse Arrest Policy

Judge Strikes Down Trump-Era Courthouse Arrest Policy Via American Greatness, A federal judge has vacated Trump administration policies that allowed immigration agents to arrest noncitizens at immigration courthouses nationwide. U.S. District Judge P. Casey Pitts ruled Tuesday that Immigration and Customs Enforcement (ICE) agents may no longer conduct arrests at immigration courts under policies implemented by the administration last year. Pitts, a Biden appointee, concluded th...

Alt - Zero Hedge - 17 hours ago

Anthropic Accuses Alibaba Of Running Major "Adversarial Distillation" Campaign To Extract Claude Capabilities

Anthropic Accuses Alibaba Of Running Major "Adversarial Distillation" Campaign To Extract Claude Capabilities Anthropic has accused Alibaba Group of orchestrating one of the largest known efforts by a Chinese company to extract capabilities from a leading U.S. artificial intelligence model, according to a letter the AI company sent to several U.S. senators and White House officials. The letter claims that operators linked to Alibaba’s Qwen AI lab used nearly 25,000 fraudulent acc...

Alt - Zero Hedge - 17 hours ago

China's Refiners Slash Runs To Lowest Since 2017, As Asia Refiners Slow Purchases Of Mid-East Oil

China's Refiners Slash Runs To Lowest Since 2017, As Asia Refiners Slow Purchases Of Mid-East Oil A little over a month ago, we explained that energy traders are "Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports", and highlighted how already razor-thin independent refiner (teapot) margins had plunged to record negative as a result of the war in Iran and government policies meant to keep prices from rising. Fast forward to today when...

Alt - Zero Hedge - 17 hours ago

"Heavy Casualties" After Massive Twin Quakes Rock Venezuela, Topple Buildings; "International Response May Be Needed"

"Heavy Casualties" After Massive Twin Quakes Rock Venezuela, Topple Buildings; "International Response May Be Needed" Twin earthquakes rocked Venezuela on Wednesday evening, collapsing entire apartment buildings across Caracas and leaving behind scenes of widespread devastation. The USGS said the first quake registered a magnitude of 7.1, with an epicenter near Morón, about 104 miles west of Caracas, at a depth of 8 miles. One minute later, a similarly massive magnitude 7.5 quake s...

Alt - Zero Hedge - 17 hours ago

Maryland Protests Data Center Costs

Maryland Protests Data Center Costs By Ethan Howland of UtilityDive A group of 80 Maryland state lawmakers are backing a complaint at the Federal Energy Regulatory Commission over the PJM Interconnection’s cost allocation for transmission lines that support data centers. Driven by the way PJM spreads transmission costs, Maryland ratepayers will pay $1.6 billion over the next decade for transmission projects that were approved in the grid operator’s last three regional transmissi...

Alt - Zero Hedge - 18 hours ago

Bessent Insists US Treasury Will Oversee Unfrozen Iranian Funds: Food and Medicine Only

Bessent Insists US Treasury Will Oversee Unfrozen Iranian Funds: Food and Medicine Only There remains a major divergence in how Iran and the United States are interpreting the results of the MoU signing in the wake of the historic Switzerland peace talks, as lower-level teams remain in place to hammer out the technical details of the agreement. The divergence/contradiction continues to be seen in not only the latest statements from President Trump himself, but also from the US Trea...

Alt - Zero Hedge - 18 hours ago

Antifa Leader Sentenced To 100 Years In Prison For Attack On ICE Facility

Antifa Leader Sentenced To 100 Years In Prison For Attack On ICE Facility The Antifa attack on the Texas ICE facility in Alvarado was a highly coordinated plan, using fireworks and a fake vandalism call to lure out ICE agents and police so that they could be shot in a hail of gunfire.  Responding Alvarado Police Department Lieutenant Thomas Gross was shot in the shoulder and the rifle round exited his neck during the crossfire, but he managed to survive.   Members of the group trie...

Alt - Zero Hedge - 18 hours ago

Hormuz Exodus Begins: Ships Finally Sailing As UN-Led Evacuation Corridor Opens

Hormuz Exodus Begins: Ships Finally Sailing As UN-Led Evacuation Corridor Opens Several vessels have already navigated the Strait of Hormuz utilizing a fresh evacuation framework established by the United Nations' shipping agency, an official confirmed on Wednesday. More via newswires: US Energy Secretary Wright says roughly 72 ships have exited Strait of Hormuz in last 24 hours. "Ships have already begun to pass under the plan," stated a spokesperson for the UN's International ...

Alt - Boing Boing - 19 hours ago

Grandpa Pudding Brains pens backstory for nefarious Reflecting Pool vandal

The Orange Menace's newly renovated Reflecting Pool turned green, peeled apart, and became a national monument to contractor-grade grift, so naturally, Trump has identified the real villain: an alleged Hillary-Biden-ActBlue pool saboteur. This is the thing Donholio does when reality is too small for him. Read the rest The post Grandpa Pudding Brains pens backstory for nefarious Reflecting Pool vandal appeared first on Boing Boing.

Alt - Zero Hedge - 19 hours ago

DOJ Announces 455 Defendants Charged in $6.5 Billion Health Care Fraud Crackdown

DOJ Announces 455 Defendants Charged in $6.5 Billion Health Care Fraud Crackdown Via American Greatness, The Justice Department (DOJ) announced Tuesday that federal authorities have charged 455 defendants in a nationwide health care fraud operation involving an estimated $6.5 billion in false claims against government-funded health care programs. The cases are part of the department's annual National Health Care Fraud Takedown, which targeted alleged schemes involving Medicare, ...

Alt - Zero Hedge - 19 hours ago

Google Loses Another Two High Profile AI Researchers To Anthropic

Google Loses Another Two High Profile AI Researchers To Anthropic A duo of leading artificial intelligence researchers at Alphabet’s Google are planning to leave for rival Anthropic, adding to a series of high-profile departures that risk undercutting the search giant’s position in AI.  Jonas Adler and Alexander Pritzel, both viewed internally as key contributors to Google’s Gemini AI model, are set to move to the Claude maker, Bloomberg first reported citing unnamed sources. Adler...

Alt - Zero Hedge - 19 hours ago

Transcript Shows Bill Gates Claim Epstein Issued 'Veiled' Threats Over Affairs

Transcript Shows Bill Gates Claim Epstein Issued 'Veiled' Threats Over Affairs Authored by Zachary Stieber via The Epoch Times (emphasis ours), Bill Gates told lawmakers in a recent interview that Jeffrey Epstein threatened him subtly over his affairs but did not overtly blackmail him, according to a transcript released on June 23. Microsoft co-founder Bill Gates (C) in Washington, on June 10, 2026. Kent Nishimura/AFP via Getty Images Epstein in 2013 "made some veiled references t...

Alt - Boing Boing - 19 hours ago

8BitDo's button-only arcade controller gets a tiny screen

8BitDo's Arcade Controller Pro is a Hit Box-style device that trades the arcade stick for a button-only layout. The new model tightens the cluster and adds a fifth programmable button while keeping the slim profile of last year's original. A wee LCD display is the fanciest upgrade, showing live inputs, battery level, and settings normally buried in the app. Read the rest The post 8BitDo's button-only arcade controller gets a tiny screen appeared first on Boing Boing.

Alt - Zero Hedge - 20 hours ago

All Banks Pass Fed's Stress Test, Unleashing Latest Wave Of Dividends And Buybacks

All Banks Pass Fed's Stress Test, Unleashing Latest Wave Of Dividends And Buybacks In all the excitement over Micron's blowout earnings, we almost forgot that today was another Fed stress test day - which every bank passed with flying colors as usual - which in turn allowed bank to unleash a fresh flood of dividends and buybacks. The biggest US banks boosted their dividends after passing this year’s Federal Reserve stress tests, a hurdle that even Bloomberg admits has "softened" in...

Alt - Zero Hedge - 20 hours ago

Senate Passes War Powers Resolution In Rebuke Of Trump Policy

Senate Passes War Powers Resolution In Rebuke Of Trump Policy The US Senate on Tuesday passed a war powers resolution - a symbolic rebuke of President Donald Trump which calls for an end to the US-Israeli war against Iran, and requires explicit authorization from Congress. The Democrat-led concurrent resolution passed by a narrow 50-48 vote, seeking to constrain President Donald Trump’s ability to wage war against Iran. The measure had previously cleared the House of Representative...

Alt - Zero Hedge - 20 hours ago

DARPA's X-Plane Designed To Maneuver With Bursts Of Air Gets New Wings Attached

DARPA's X-Plane Designed To Maneuver With Bursts Of Air Gets New Wings Attached Authored by Chris Young via Interesting Engineering, Boeing subsidiary Aurora Flight Sciences has begun installing the wings on the X-65, an experimental drone developed under DARPA's Control of Revolutionary Aircraft with Novel Effectors (CRANE) program. Technicians mounting the wings onto the X-65 experimental drone.Aurora Flight Sciences / X The installation brings DARPA and Aurora a step closer to ...

Alt - Zero Hedge - 21 hours ago

Bessent: Rate Cuts Don't Have To Break The Dollar

Bessent: Rate Cuts Don't Have To Break The Dollar With rate-hikes increasingly back 'on the table' fort Fed Chair Warsh's 'regime change' last week, Treasury Secretary Scott Bessent says that cutting interest rates won't necessarily lead to a weaker dollar - arguing that "you can have a strong dollar when rates are being cut" because if the fed is cutting because inflation is falling, while the economy stays strong - capital keeps flowing in and the dollar holds. Of course, that all...

Alt - Boing Boing - 21 hours ago

Learn 14 languages from 100+ linguists while this Deal Days Babbel offer is still valid

TL;DR: Babbel's lifetime plan gives you access to 14 languages, 10,000+ hours of lessons, AI conversation practice, and courses created by 100+ linguists—all for a one-time $134.99 payment during Deal Days. Learning a new language is one of those goals that tends to sit on a to-do list for years. Read the rest The post Learn 14 languages from 100+ linguists while this Deal Days Babbel offer is still valid appeared first on Boing Boing.

Alt - Boing Boing - 21 hours ago

Carlos Castaneda faked an anthropology classic, then built a cult

Carlos Castaneda's 1968 book The Teachings of Don Juan recounted his apprenticeship to a peyote-dosing Yaqui shaman named don Juan. The University of California Press published it as anthropology; it became an international bestseller and drew fans from John Lennon and Joni Mitchell to George Lucas and Octavio Paz. Read the rest The post Carlos Castaneda faked an anthropology classic, then built a cult appeared first on Boing Boing.

Alt - Boing Boing - 21 hours ago

In 1916 a con man ran a car on water and fleeced Henry Ford

In 1916, a bearded Long Island showman named Louis Enricht gathered reporters on his lawn and offered them a gasoline substitute that would "sell for a penny a gallon" wartime alchemy, with gas running short on Europe's battlefields. He had them inspect a small car's empty tank, fill a bucket with garden-hose water, then tip in two ounces of a greenish, almond-smelling fluid. Read the rest The post In 1916 a con man ran a car on water and fleeced Henry Ford appeared first on Boing Boing.

Alt - Boing Boing - 21 hours ago

Mushrooms got him off antidepressants, so he built TripSitter

Writer John Biggs wanted no part of psychedelics, he writes in his newsletter he pictured being "trapped in a room with a bunch of weirdos while they sang songs and listened to techno." But he was in a bad way after his father's death: drinking, gaining weight, and stuck on the antidepressant Pristiq, which he calls "a numbing pill" that gave "painful zaps" whenever he tried to quit. Read the rest The post Mushrooms got him off antidepressants, so he built TripSitter appeared first on Boing Boi...

Alt - Zero Hedge - 21 hours ago

Fauci, The CIA, And The Unanswered Questions Of COVID

Fauci, The CIA, And The Unanswered Questions Of COVID Authored by Cory Franklin via RealClearWire, Did Anthony Fauci manipulate the intelligence community (IC) investigation of the origin of COVID as outgoing Director of National Intelligence Tulsi Gabbard claims? Gabbard recently released previously unseen documents and communications during the COVID pandemic between the IC and the key member of the White House Coronavirus Task Force, Dr. Anthony Fauci. She claims they show th...

Alt - Boing Boing - 21 hours ago

Whiskey Pete discovers viruses do not respect vaccine freedom speeches

Pete Hegseth gave the flu virus a stirring lecture about freedom, and the flu virus responded by infecting hundreds of recruits at Lackland Air Force Base. This was not an unknowable mystery. Basic training is basically a respiratory virus theme park: recruits sleep close together, train close together, shower close together, and spend weeks exhausted in a giant human cough terrarium. Read the rest The post Whiskey Pete discovers viruses do not respect vaccine freedom speeches appeared first on...

Alt - Zero Hedge - 21 hours ago

Micron Soars After Reporting Blowout Earnings, Boosts Guidance

Micron Soars After Reporting Blowout Earnings, Boosts Guidance Step aside Nvidia: as we noted in our preview, with the world's most valuable company going nowhere in recent months, all attention has shifted to Micron, which has rapidly become one of the most important stocks in the world and certainly the most actively traded, surpassing both Nvidia and Tesla in recent days. As such all eyes were on Micron's earnings today, and even with "sentiment at 11/10", according to UBS, th...

Alt - Zero Hedge - 22 hours ago

GOP Civil War Erupts On Two Fronts: Luna Freezes The House Floor, Trump Gets "Brother'd" By Cassidy In Senate Over SAVE Act

GOP Civil War Erupts On Two Fronts: Luna Freezes The House Floor, Trump Gets "Brother'd" By Cassidy In Senate Over SAVE Act The Republican Party's long-simmering tensions over election integrity exploded into open warfare on Wednesday, with chaos breaking out simultaneously in the House and Senate - and President Trump caught in the middle of both. It started, as these things often do, with a procedural knife fight. Rep. Anna Paulina Luna (R-FL) and a band of House conservatives...

Alt - Zero Hedge - 22 hours ago

72 Ships Transited Hormuz In A Day: US Energy Secretary Says 'Taking Away' Iran's Key Leverage

72 Ships Transited Hormuz In A Day: US Energy Secretary Says 'Taking Away' Iran's Key Leverage WTI futures briefly fell below $70 a barrel for the first time since the US-Iran conflict erupted, as tanker flows through the Strait of Hormuz are showing further signs of normalization and physical market tightness continues to ease. Bloomberg noted that option markets are positioning for ongoing normalization. Put volume is exceeding calls, with some of the heaviest trading in August a...

Alt - Boing Boing - 22 hours ago

Companies discover AI is expensive when employees actually use it

The artificial intelligence revolution has reached the point where management begs employees to stop feeding PDFs into the robot so it can burp out PowerPoint decks nobody wanted in the first place. The entire AI bubble is built on the idea that someday, somehow, customers will pay for the insane costs of using AI. Read the rest The post Companies discover AI is expensive when employees actually use it appeared first on Boing Boing.

Alt - Zero Hedge - 23 hours ago

Grand Theft Auto VI Pre-Orders Begin Thursday; Wall Street Responds...

Grand Theft Auto VI Pre-Orders Begin Thursday; Wall Street Responds... Take-Two Interactive said that its Rockstar Games studio will begin long-awaited pre-orders for Grand Theft Auto VI on Thursday. The action-packed game is priced at $79.99 and is scheduled to launch on November 19 for PlayStation 5 and Xbox Series X|S. "Launching November 19, 2026, for the PlayStation 5 computer entertainment systems and Xbox Series X|S games and entertainment systems for $79.99, Grand Theft Aut...

Alt - Boing Boing - 23 hours ago

Grandpa Pudding Brains visits a truck factory, makes haunted chew toy noises

Yet again, the President of the United States, at an official-looking manufacturing/economy event, performed microphone goblin theater while everyone pretended this was normal governance. This is the central mystery of late-stage Trumpism: not that he does these things, but that hundreds of adults stand around afterward and describe them using words like "remarks," "agenda," and "message." Read the rest The post Grandpa Pudding Brains visits a truck factory, makes haunted chew toy noises appear...

Alt - Zero Hedge - 23 hours ago

Google's Dual Nuclear Tech Strategy Takes Shape With Kairos and GE Vernova

Google's Dual Nuclear Tech Strategy Takes Shape With Kairos and GE Vernova Google is placing its nuclear bets through more than one channel. Elementl Power, the independent developer that received early-stage capital from Google in 2025 to prepare three US sites, has now made its first clear technology choice on at least one of them. Elementl signed an Early Works Agreement with GE Vernova Hitachi Nuclear Energy (GVH) to deploy BWRX-300 SMRs at a nearly 700-acre site in Meigs Count...

Alt - Boing Boing - 1 day ago

Kevin Mitnick left the man who helped jail him enough for a Porsche 911

Kevin Mitnick, the legendary hacker, once tried to social-engineer his way into Novell's network by phoning a network admin named Shawn Nunley late at night, posing as an employee who needed "direct inbound modem access" for a top-secret project. Nunley smelled a rat, played along, and asked the caller to leave a voicemail which he recorded onto a cassette recorder. Read the rest The post Kevin Mitnick left the man who helped jail him enough for a Porsche 911 appeared first on Boing Boing.

Alt - Boing Boing - 1 day ago

Teen exits Disneyland ride, learns why you keep your arms, legs, and body inside the boat

Please Remain Seated, Permanezca Sentados Por Favor! A 13-year-old boy at Disneyland climbed out of his Tiana's Bayou Adventure ride vehicle before the end of the attraction and then received a brief, terrifying seminar in why Disney repeatedly, and in multiple languages, tells you to stay in your seat. Read the rest The post Teen exits Disneyland ride, learns why you keep your arms, legs, and body inside the boat appeared first on Boing Boing.

Alt - Zero Hedge - 1 day ago

Iran Calls MoU Deal A 'US Defeat' As Trump Touts Tehran Forced Into 'Very Big Concessions'

Iran Calls MoU Deal A 'US Defeat' As Trump Touts Tehran Forced Into 'Very Big Concessions' Summary Trump Hits Back, Seeks Narrative Control: "The war is going very well. As you know, we're winning by a lot. Iran is making very big concessions." Iran Declares MoU A US Defeat: Tehran says the Islamabad agreement proves Washington abandoned its pressure campaign. Hormuz Traffic Resumes under UN Auspices: About 72 ships carrying roughly 20 million barrels of oil transited the strait ...

Alt - Boing Boing - 1 day ago

AI-designed radio chips look like QR codes and beat human ones

Radio-frequency chips the parts in every phone, car radar, and satellite link that send and receive signals have stayed a hand-crafted "dark art," mastered over years, even as CPUs and GPUs got designed by algorithm. Writing in IEEE Spectrum, Princeton's Kaushik Sengupta describes teaching AI to design these RFICs from scratch, with no human templates and the results look nothing like human work. Read the rest The post AI-designed radio chips look like QR codes and beat human ones appeared firs...

Alt - Zero Hedge - 1 day ago

Oil Tanker Earnings Soar To $470,000 A Day As Hormuz Hopes Drive Tanker Frenzy

Oil Tanker Earnings Soar To $470,000 A Day As Hormuz Hopes Drive Tanker Frenzy By Tsvetana Paraskova of OilPrice.com Oil tanker rates have soared since the U.S. and Iran announced the memorandum of understanding as oil importers scramble to charter vessels to pick up Persian Gulf cargoes in the hope these can transit the tentatively reopening Strait of Hormuz.  One tanker has been provisionally booked to ship crude from the Persian Gulf to India at a rate that’s nine times the ben...

Alt - Boing Boing - 1 day ago

What luck, America! Kash Patel's girlfriend joins Trump's talent-fleeing Freedom 250 event

America's 250th birthday celebration has reached the "FBI director's girlfriend is available" stage of event planning, which is the sort of sentence that makes the Founders look smart for dying early. To be fair, America has always relied on volunteers in moments of crisis. Read the rest The post What luck, America! Kash Patel's girlfriend joins Trump's talent-fleeing Freedom 250 event appeared first on Boing Boing.

Alt - Zero Hedge - 1 day ago

Mediocre 5Y Auction Tails As Foreign Demand Slides

Mediocre 5Y Auction Tails As Foreign Demand Slides After yesterday's solid 2Y auction, today's 5Y auction was an uglier mirror image.  The sale of $70BN in 5 year paper priced at a high yield of 4.200%, up from 4.182% in May and the highest since Jan 25. It tailed the When Issued 4.193% by 0.7bps, and was the 8th consecutive tail for the 5Y tenor. The bid to cover was 2.351, better than the 2.340 in May and the highest since October.  The internals, however, a disappointment: I...

Alt - Zero Hedge - 1 day ago

Tehran Provokes Trump: MoU Deal To End War Was A 'Declaration Of US Defeat'

Tehran Provokes Trump: MoU Deal To End War Was A 'Declaration Of US Defeat' Summary Iran Declares MoU A US Defeat: Tehran says the Islamabad agreement proves Washington abandoned its pressure campaign. Hormuz Traffic Resumes under UN Auspices: About 72 ships carrying roughly 20 million barrels of oil transited the strait in the past 24 hours under a UN-backed framework. Brent Falls Below $75, Iran war low: Oil prices dropped to their lowest level since the Iran conflict began, er...

Alt - Zero Hedge - 1 day ago

"Real Alien Shit!": Downed US Pilot Reported Seeing Iranian Drones Swarm in 'Jellyfish' Formation

"Real Alien Shit!": Downed US Pilot Reported Seeing Iranian Drones Swarm in 'Jellyfish' Formation Authored by Antiwar.com via Dave DeCamp CNN has reported that the pilot of a US F-15 fighter jet that was shot down over Iran during the US-Israeli bombing campaign in April reported seeing a swarm of Iranian drones in a formation that resembled a jellyfish before he ejected from the aircraft. Sources told the outlet that the pilot reported what he believed he saw to US intelligence o...

Alt - Boing Boing - 1 day ago

Microsoft CEO wants people to shut up about AI being bad for us

It's no secret that AI is frigging terrible for us. The experts building it scarcely understand what they've created; the technology is a threat to the environment, and if handed the reins of war machines or infrastructure like hospitals or the power grid, it could cost lives. Read the rest The post Microsoft CEO wants people to shut up about AI being bad for us appeared first on Boing Boing.

Alt - Boing Boing - 1 day ago

Comedian guilt-trips audience into laughing

We need to de-normalize punching down at trans people during your comedy sets and start normalizing turning them into weird social experiments. Aaron Westberry has become one of my favorite comics for this precise reason, injecting his open mic appearances with one weird twist after another. Read the rest The post Comedian guilt-trips audience into laughing appeared first on Boing Boing.

Alt - Boing Boing - 1 day ago

What is the Jedi problem, and why does every game designer fear it?

If you have even the slightest interest in peering behind the curtain into the world of game design, I cannot possibly recommend /noclip enough. No, not the console command, the documentary team covering the triumphs and pitfalls and huge feats of coordination that go into bringing any project home. Read the rest The post What is the Jedi problem, and why does every game designer fear it? appeared first on Boing Boing.

Alt - Boing Boing - 1 day ago

Building a better PC than the Steam Machine for cheaper: is it possible?

I'm truly, genuinely sorry to everyone who was looking forward to helping Gabe Newell buy a hundredth yacht, but it's just an unavoidable truth: the Steam Machine is kind of a bad deal, guys. Valve's overpriced, underpowered little cube is just the latest victim of soaring component prices driven by investment in AI, because who cares if you can't afford a computer as long as the most racist person you know can make his virtual girlfriend say a slur. Read the rest The post Building a better PC ...

Alt - Boing Boing - 1 day ago

A cat-borne fungus infected 11,000 people; the US is next, CDC says

Sporothrix brasiliensis is a fungus that gives cats oozing skin ulcers, can spread through their whole body, and jumps to the people around them. Since it emerged in Brazil in the 1990s it has sickened thousands of cats and more than 11,000 people across South America, and the CDC's Shawn Lockhart told Science News it's "just a matter of time" before it reaches the US "We're waiting." Read the rest The post A cat-borne fungus infected 11,000 people; the US is next, CDC says appeared first on Bo...

Alt - Boing Boing - 1 day ago

Zine publisher sentenced to 50 years in prison for "material support to terrorists"

A standard office printer, a paper cutter, and a book binder that's the "printing press" the FBI logged when it raided Elizabeth and Ines Soto's Texas home. That, plus their membership in a leftist reading group called the Emma Goldman book club, became part of the government's case that the couple provided "material support to terrorists." Read the rest The post Zine publisher sentenced to 50 years in prison for "material support to terrorists" appeared first on Boing Boing.

Alt - Boing Boing - 1 day ago

Miami Marlins searching for this sad hotdog-less doggo, to treat him to a Dream Day at the ballpark

On Monday, the Miami Marlins hosted a "Bark at the Park" night for their game against the Texas Rangers. This and similar 'take your doggo to the ballpark' days are, by far, the very best part of Major League Baseball, in my humble opinion. Read the rest The post Miami Marlins searching for this sad hotdog-less doggo, to treat him to a Dream Day at the ballpark appeared first on Boing Boing.

Alt - Boing Boing - 1 day ago

Tom the Dancing Bug: Elon Musk and His DOGE Pals, in "Texas Chainsaw Massacre"

Tom the Dancing Bug: Elon Musk and His DOGE Pals, in "Texas Chainsaw Massacre" -> Please join the team that makes it possible for your friendly neighborhood comic strip Tom the Dancing Bug to exist in this hostile Trumpverse! JOIN US IN THE INNER HIVE, and be the first kid on your block to get each week's Tom the Dancing Bug comic – before it's published anywhere. Read the rest The post Tom the Dancing Bug: Elon Musk and His DOGE Pals, in "Texas Chainsaw Massacre" appeared first on Boing Boing.

Alt - Zero Hedge - 1 day ago

Jesse Livermore: Old Lessons For Today's Markets

Jesse Livermore: Old Lessons For Today's Markets Authored by Michael Lebowitz via RealInvestmentAdvice.com, In 1891, at 14 years old, with nothing but the clothes on his back, Jesse Livermore left his family and headed to Boston. He quickly found a job posting stock quotes at a Paine Webber brokerage office. Livermore spent his lunch hours trading in “bucket shops,” loosely regulated offices where ordinary people bet on stock prices without owning the underlying stock. His lunch...

Alt - Zero Hedge - 1 day ago

"Democratizing AI": OpenAI, Broadcom Unveil New AI Chip As Sam Altman Pushes For Full Control Of Compute Stack

"Democratizing AI": OpenAI, Broadcom Unveil New AI Chip As Sam Altman Pushes For Full Control Of Compute Stack OpenAI and Broadcom unveiled Jalapeño, OpenAI's first custom AI accelerator, as Sam Altman's chatbot maker pushes to control more of its data center chip stack and drive greater efficiency to lower inference costs. The new chip is described as an "Intelligence Processor" and was designed from scratch for large language model inference, the compute-intensive process of serv...

Alt - Zero Hedge - 1 day ago

Trump Cancels Housing Bill Signing That Would Ban CBDCs - Demands Action On SAVE Act First

Trump Cancels Housing Bill Signing That Would Ban CBDCs - Demands Action On SAVE Act First President Donald Trump abruptly canceled a planned Capitol Hill signing ceremony for a sweeping bipartisan housing affordability bill Wednesday, saying he would not move forward until Congress passes the SAVE America Act, an elections measure he has elevated as a top legislative priority. In a Truth Social post shortly before the scheduled event, Trump said the housing news conference and s...

Alt - Zero Hedge - 1 day ago

Trump Admin Backs Big Reactors With $18BN Supply Chain Loans For Ten AP1000s

Trump Admin Backs Big Reactors With $18BN Supply Chain Loans For Ten AP1000s The Department of Energy's (DOE) Office of Energy Dominance Financing (EDF) issued a conditional commitment for $17.5 billion in American nuclear supply chain loans. The money targets long-lead time components to accelerate deployment of 10 large-scale Westinghouse AP1000 reactors across up to five projects.  Each reactor is rated at ~1.1 GWe. The combined output would power nearly 10 million American ho...

Alt - Boing Boing - 1 day ago

ChatGPT, Claude and Gemini are all invited—and lifetime access is just $54.97 during Deal Days

TL;DR: ChatPlayground lets you compare responses from ChatGPT, Claude, Gemini, DeepSeek, and more in one interface. Lifetime access to the Unlimited Plan is $54.97 (reg. $619) through June 28 as part of Deal Days. It didn't take long for AI power users to figure out that the best answer usually isn't hidden inside one chatbot. Read the rest The post ChatGPT, Claude and Gemini are all invited—and lifetime access is just $54.97 during Deal Days appeared first on Boing Boing.

Alt - Zero Hedge - 1 day ago

WTI Holds Losses As Cushing Hits 'Tank Bottoms', US Production At Record Highs

WTI Holds Losses As Cushing Hits 'Tank Bottoms', US Production At Record Highs Oil prices are testing down to pre-war levels this morning as more tankers cross the Strait of Hormuz and signs of progress in US-Iran peace talks eased fears of an immediate supply crunch. Vessels are transiting Hormuz with their satellite signals switched on, indicating growing confidence among shipowners about safe passage of the chokepoint, through which about a fifth of global oil supplies transited...

Alt - Zero Hedge - 1 day ago

Cerebras Plunges To Post-IPO Low On Striking Admission: The US Has A Dire Shortage Of Operating Data Centers

Cerebras Plunges To Post-IPO Low On Striking Admission: The US Has A Dire Shortage Of Operating Data Centers Just over two years ago, we first penned our views on "The Next AI Trade", which looked beyond the hyperscalers and the data centers supporting the AI revolution, and instead focused on the energy and logistical needs that would be so very critical in allowing the US to dominate China in the existential race to first reach Artificial General Intelligence (which many have dubb...

Alt - Zero Hedge - 1 day ago

CBOE Debuts Prediction Market With SandP 500 Contracts

CBOE Debuts Prediction Market With SandP 500 Contracts Authored by Zoltan Vardai via CoinTelegraph.com, Market operator Cboe Global Markets has entered the prediction markets business with the launch of Cboe Predicts, a platform debuting with binary contracts tied to the SandP 500. The contracts are now available through Interactive Brokers and are expected to launch at Charles Schwab and other retail brokerage platforms in the coming months, according to a Tuesday press release...

Alt - Zero Hedge - 1 day ago

New Home Sales Unexpectedly Plunged In May As Prices Surged

New Home Sales Unexpectedly Plunged In May As Prices Surged With Case-Shiller reporting existing home price declines in half of America's largest cities, New Home Sales were expected to rebound from April's ugly decline. But they didn't... at all... NAR reports that New Home Sales in May plunged 7.3% MoM (versus the 3.2% MoM rise expected). That print was below the lowest analysts forecast. April's 6.2% MoM plunge was revised up modestly to a 5.7% decline, all of which left new h...

Alt - Zero Hedge - 1 day ago

Hawkish Warsh Hammers Barbarous Relic: Gold Crashes Back Below $4000 As Rate-Hike Odds Rise

Hawkish Warsh Hammers Barbarous Relic: Gold Crashes Back Below $4000 As Rate-Hike Odds Rise Gold plunged back below $4,000 an ounce for the first time since November 2025 this morning, as a resurgent dollar and the prospect of higher interest rates bring bullion’s three-year bull market to a halt (now down 30% from its January highs). The precious metal has posted double-digit gains for each of the last three years, more than doubling in price as central banks, money managers and r...

Alt - Zero Hedge - 1 day ago

'Customers Are Being Gouged': Trump Tells DOJ To Look Into Gasoline Prices

'Customers Are Being Gouged': Trump Tells DOJ To Look Into Gasoline Prices President Trump said on Wednesday that he had instructed the Department of Justice (DOJ) to open an investigation into oil companies over high gasoline prices. In a Truth Social post, Trump said that oil companies have not lowered their prices at the pump despite a recent decline in crude prices following the U.S.–Iran preliminary agreement. “Those prices are dropping like a rock! In other words, customers...

Alt - Zero Hedge - 1 day ago

Uh-Oh, Silver!

Uh-Oh, Silver! Authored by Adam Sharp via DailyReckoning.com, One year ago, silver was trading at around $36 per ounce. Today the price is around $60. Normally, that’d be considered a win. But over those 12 months, we silver bugs have been on a wild ride. Simply incredible price action. From $36 to $119 in about 8 months. And now back down to $66. I believe the silver bull market still has years to run. Maybe even another decade. Today, let’s explore why. +$16 Since 1980...

Alt - Zero Hedge - 1 day ago

Heavily Shorted Wendy's Soars After New CFO, Reddit Traders Pile In To Save Burger Chain

Heavily Shorted Wendy's Soars After New CFO, Reddit Traders Pile In To Save Burger Chain Heavily shorted Wendy's shares jumped as much as 22% in premarket trading on Wednesday, as a management shakeup and a surge of WallStreetBets activity around the struggling fast-food chain appeared to trigger a retail-driven squeeze. The stock surge followed Wendy's appointment of former Potbelly CFO Steve Cirulis as CFO and chief strategy officer, as part of new CEO Robert Wright's turnaroun...

Alt - Zero Hedge - 1 day ago

Brent Falls To Pre-War Levels As Trump Contradicts Tehran On Hormuz Tolls, Nuclear Inspections

Brent Falls To Pre-War Levels As Trump Contradicts Tehran On Hormuz Tolls, Nuclear Inspections Brent crude oil prices fell below $75 a barrel late yesterday, marking the first time the global benchmark has traded under that level since the outbreak of the Trump-initiated Iran conflict. The drop in crude prices could provide relief for consumers and businesses by easing pressure on fuel costs and inflation, a desired Washington outcome of the MoU signing - for which Trump has come u...

Alt - Zero Hedge - 1 day ago

Mamdani-Backed Candidates Win New York House Primaries

Mamdani-Backed Candidates Win New York House Primaries Authored by Nicholas Zifcak and Jackson Richman via The Epoch Times, All three candidates endorsed by New York City Mayor Zohran Mamdani won their closely-watched House primary races on Tuesday, handing the democratic socialist a victory in his bid to move his party more to the left. Democratic congressional candidate Brad Lander (R) arrives with New York City Mayor Zohran Mamdani for an election night watch party in New York C...

Alt - Zero Hedge - 1 day ago

Chip Party Must Go On: SK Hynix To Raise $29 Billion In US Listing

Chip Party Must Go On: SK Hynix To Raise $29 Billion In US Listing About two days after a Chosun media report from South Korea sparked a global sell-off in memory stocks and triggered a 10% crash in the Kospi, a new report states that memory giant SK Hynix is planning a massive $29.4 billion US listing. This move will test investor appetite for another mega AI-linked offering and demonstrate whether markets can absorb another massive listing weeks after the SpaceX IPO. Bloomberg re...

Alt - Zero Hedge - 1 day ago

Tanker Owners Having The Best Week Of The Hormuz Crisis As VLCC Rates Soar

Tanker Owners Having The Best Week Of The Hormuz Crisis As VLCC Rates Soar By Julianne Geiger of OilPrice.com The Strait of Hormuz may be reopening, but don't tell tanker owners the crisis is over. They're making too much money. As Middle Eastern producers scramble to move crude that has spent months stranded in the Persian Gulf, tanker rates have exploded higher, turning a slow return to normal into a windfall for shipping companies. According to Reuters, the cost of hiring a ta...