Southern Poverty Law Center Pleads Not Guilty To Federal Fraud Charges Authored by Matthew Vadum via The Epoch Times, The Southern Poverty Law Center (SPLC) on July 7 entered not guilty pleas again to 11 criminal counts alleging it defrauded donors by sending millions of dollars to informants who infiltrated white supremacist and so-called hate groups that it publicly opposed. The fresh arraignment of the nonprofit organization […]

63 Million Barrels Of Iranian Oil Stuck At Sea After US Pulls Iran Sanction Waiver Tehran’s oil export troubled just got worse.  One week after we reported that Iran was already struggling to sell its crude to buyers in Asia (including China, which appears to now prefer UAE exports instead), overnight the US rescinded the sanctions waiver that allowed Tehran to sell its oil without penalties, making sales of Iranian crude to […]

Your Delusion Doesn’t Make Me A “Doomer” Submitted by QTR’s Fringe Finance “There exists in society a very special class of persons that I have always referred to as the Believers. These are folks who have chosen to accept a certain religion, philosophy, theory, idea or notion and cling to that belief regardless of any evidence that might, for anyone else, bring it into doubt. They are the ones who encourage and support the […]

Iran Threatens To Reclose Strait, As US Military ‘Ready’ to Restart Blockade: ‘Trump Will Certainly Lose’ Summary Iran threatens to reclose the Strait of Hormuz and suspended final talks with the US. The US earlier revoked an Iranian oil waiver & now signals readiness to restore a maritime blockade. Trump said the ceasefire is over and warned of fresh US strikes on Iran, probably “tonight”. Oil jumps above $80 as fears of […]

Trump Greenlights Patriot Missile Production In Ukraine, Praises Deep Strikes Into Russia President Trump just prior to entering the Oval Office vowed to quickly achieve peace in the Russia-Ukraine war, which is currently in its fifth year. The MAGA base got energized by Trump’s earlier repeat statements that he’d bring peace to major global flashpoints and hotspots, but instead of anti-interventionism he started a new war of choice […]

WTI Extends Gains As Crude Exports Slide, SPR Drain Continues, ‘Tank Bottoms’ Hit Oil prices spiked overnight to three-week-highs after President Trump said that he thought the Iran cease-fire was “over” amid a volatile 24 hours in the Persian Gulf region. The Trump admin launched a series of strikes on Iran and revoked a waiver that had allowed Iran to sell oil in retaliation for attacks on tankers this week in the Strait of […]

Trump Admin Approves Public Release Of OpenAI’s GPT-5.6 Models Ahead Of Thursday Release The Trump administration has approved the wide public release of OpenAI’s advanced GPT-5.6 model family, a source familiar with the discussions confirmed to Axios on Tuesday. OpenAI announced late Tuesday night that its flagship model, named Sol, along with the more accessible Terra and Luna variants, will launch publicly this Thursday. Prompt […]

The Plumbing For Vast Defense Spending Needs To Be Set Up By Michael Every of Rabobank In response to Iranian strikes on ships using the Omani route in Hormuz, the US has struck Iranian air defense, missile, and drone sites in the Strait and suspended its oil sanctions waiver. These are clear breaches of the MoU, and we will now see if Iran escalates –it says it will take “decisive” action– with the risk of war if the US is […]

South Korea Falls Into Bear Market As Memory Euphoria Fizzles It started off with the usual morning rush by retail momentum chasers into the handful of massive, market-moving names (read Samsung Electronics and SK Hynix), but as has been the case over the past two weeks, the initial euphoria quickly reversed and the Kospi rolled over, closing down 5.4%, 9.99% over the past two days, and down 22% from the all time high of 9385 hit […]

Zelensky In Ankara Still Insistent On Ukraine Joining NATO: ‘Alliance For The Future’ President Volodymyr Zelensky is in full court press mode while being present in Ankara for the annual NATO summit, amid Western leaders including President Trump. He has predictably renewed his argument for Ukraine to join the North Atlantic alliance, while also touting some momentum on the battlefield as Russia comes under repeat long-range drone […]

Higher Electricity Rates In Blue States Linked To Renewable Energy Policies Authored by AG News Staff via American Greatness, A new analysis by Always On Energy Research and the Institute for Energy Research concludes that renewable energy mandates and net-zero policies have contributed to higher electricity prices in states that adopted them, while states with fewer climate-related mandates generally have lower electricity costs. […]

Futures Slide, Oil Jumps After Trump Declares Iran Ceasefire Over Markets are on the backfoot this morning with equity futures and macro credit under pressure, bond yields spiking, the USD higher, and oil jumping after President Trump thrust geopolitical risks back into focus by declaring the ceasefire between the US and Iran to be over calling it “a waste of time” after the US launched strikes against Iran in response to […]

NATO Chief Backs Renewed US Strikes On Iran As ‘Absolutely Necessary’  Even if most individual NATO members are still reluctant to jump on board Trump’s Iran war, NATO Secretary-General Mark Rutte is busy praising American military action there amid the annual summit in Ankara. Rutte has freshly described the overnight fresh US military strikes on Iran in response to Tehran attacking multiple international shipping vessels […]

Senate Defense Bill Would Establish Fund For Government To Buy Into Private Companies Authored by Kevin Stocklin via The Epoch Times, A new bill in Congress would enshrine into law the ability of the executive branch to buy into private companies, and create a fund to finance the purchases. The Pentagon in Arlington, Va., in this file photo. Carolyn Kaster/AP The current Senate version of the National Defense Authorization Act […]

Trump Tells Bessent To Halt US Trade With Spain, Calls Madrid A “Wasted Cause” During a NATO summit in Ankara, President Trump instructed Treasury Secretary Scott Bessent to cut off trade with Spain over defense spending. “I didn’t speak to Spain. Spain is a wasted cause. We don’t want to do any trade business with Spain anymore,” Trump told reporters. “By the way, I’d like you to cut it off,” the president said, turning to […]

Most Americans Don’t Believe NATO Would Assist If The Country Were Attacked Via The Libertarian Institute Most Americans do not believe that European members of the North Atlantic Alliance would come to the United States’ aid if attacked.  Politico reported that a NATO poll found that just 43% of Americans believe the bloc would assist the US if needed. While Politico was unable to view survey results from previous years, a […]

Prospective Homebuyers Face Another Year Without Affordability Relief Goldman economist Ronnie Walker has some bad news for prospective homebuyers: while the housing market appears soft but broadly stabilizing, affordability pressures are unlikely to abate anytime soon. Walker expects mortgage rates to remain elevated through next year, while national home prices are still forecasted to rise modestly. That means buyers waiting for […]

US Bitcoin Reserve Stalls As Treasury And Commerce Vie For Control: Report Authored by Micah Zimmerman via BitcoinMagazine.com, Sixteen months after President Donald Trump ordered his administration to build a federal bitcoin reserve, the White House says it is still working out how the fund should be structured, and a dispute between two departments has slowed the effort, according to recent reporting from Bloomberg. […]

How America’s Wealth Distribution Has Changed Over The Last 40 Years Wealth reflects the value of everything households own, including homes, stocks, businesses, and savings, minus what they owe. Because different wealth groups own very different mixes of assets, long-term market trends can reshape how the nation’s wealth is divided. This graphic, via Visual Capitalist’s Boyan Girginov, tracks how U.S. household wealth has […]

New Strikes On Iran Significantly Stronger Than Earlier Attacks, As IRGC Targets US Navy Warships Summary:  US strikes on Iran announced, as ‘heavy costs’ for earlier targeting of multiple commercial vessels Oil rises as Treasury revokes June 21 Iran oil waiver Hormuz Threat Level Raised To “Severe”  Three maritime incidents reported on Hormuz in last 24 hours  Another unidentified vessel hit by a Drone IRGC forces hit a […]

Spain: 70% Of Tested ‘Unaccompanied Minor’ Immigrants Are Actually Adults Via Remix News, The Spanish city of Madrid has delivered a stark confirmation of long-standing suspicions about unaccompanied foreign immigrants claiming to be minors. When this group undergoes rigorous medical age verification, 70 percent turn out to be adults over 18. This is not a handful of isolated incidents but a systemic pattern that has become the […]

Trump Signals Willingness To Sell Turkey F-35 Jets Despite Loud Netanyahu Protests Israel and Turkey are in a bit of a tug-of-war with President Trump and potential major arms deals hanging in the balance. Israeli Prime Minister Benjamin Netanyahu had vehemently complained to Trump in a Friday call about Turkish President Recep Tayyip Erdoğan’s escalating anti-Israel rhetoric, officials cited in Axios said. Netanyahu […]

Watch: MEP Forces EU To Address Wave Of Savage Migrant Attacks Throughout Europe Authored by Steve Watson via Modernity News, In a decisive move highlighting the growing crisis of migrant violence across Europe, Sweden Democrats MEP Charlie Weimers has successfully pushed the European Parliament to debate recent fatal attacks on native Europeans, and their direct implications for public security on the streets. Weimers’ […]

Rutte Touts ‘Literally Billions’ Invested To Drastically Ramp Up NATO’s Drone Capabilities NATO leadership has this week made clear where it plans to invest a bulk of defense and tech-related funds in the coming years, while making express reference to lessons learned from the Russia-Ukraine battlefield. The alliance’s Secretary General Mark Rutte said Tuesday that drone warfare is the next great expanse in NATO capabilities. He […]

What Future Awaits Ukrainian Military-Aged Male Refugees In The EU? Authored by Andrew Korybko, Recent moves at the European and national levels bode ill for them… The European Commission proposed to exclude new military-aged Ukrainian men from the bloc’s special refugee protection scheme per Ukraine’s request to help replenish its lost forces. For background, new Ukrainian Defense Minister Mikhail Fedorov shockingly […]