Economy & Finance

Some US Airports Face Possible Closure If Government Shutdown Prolongs: TSA Official Authored by Aldgra Fredly via The Epoch Times, Some U.S. airports may be forced to close down if lawmakers fail to reach a deal to fund the Department of Homeland Security (DHS) and end the partial government shutdown, a Transportation Security Administration (TSA) […]

Another 2008 Analog: Goldman, JPM Offering Hedge Funds Ways To Short Private Credit The big story last week, a narrative which we may have inadvertently started, was the recurring comparison across various sellside desks (and quite a few buysiders) of the current double crisis (private credit as an analog to the subprime crisis of 2007/2008

Kent Tells Tucker: ‘Imminent Threat’ Was From Israel, Not Iran; Ordered To Halt Charlie Kirk Investigation Joe Kent, former Director of the National Counterterrorism Center who was President Trump’s principal counterterrorism advisor, appeared on Tucker Carlson’s show to explain his side of the story after stepping down from the administration. Kent announced his resignation Tuesday,

China Buys Gold For 16th Straight Month, Wall Street Sells As Retail Loads The Bullion Boat For the 16th month in a row, China bought gold into reserves in February even as bullion prices hovered near record highs. The People’s Bank of China (PBOC) added another 30,000 troy ounces last month, lifting official reserves to

Senate Again Rejects Effort to Restrict Trump’s Iran War Powers Authored by Kimberley Hayek via The Epoch Times, The U.S. Senate on Tuesday once again rejected a motion to discharge S.J. Res. 118, a joint resolution to withdraw American armed forces from military actions in Iran sans Congressional approval. The motion was shot down in

Iran Oil Exports Soar As Bessent Floats Unsanctioning Iranian Oil Already-At-Sea If the unstated intention of the Iran war was to give far more leverage to Russia, and – paradoxically – to Iran, by legitimizing their sanctioned oil exports in a world suddenly starved of energy, then mission accomplished. Just days after the US “temporarily”

BABA Shares Crash Most In Six Months As Net Income Plunge Overshadows AI Progress Alibaba ADRs suffered their sharpest drop in six months during the US cash session after quarterly results revealed a massive tumble in net income and sluggish top-line growth, overshadowing yet another quarter of triple-digit expansion across its cloud and AI businesses.

WTI Crude Bursts Back Above $100 After US Export Ban Hopes Crushed Having diverged significantly overnight from Brent crude prices, WTI is now exploding higher, breaking back above $100, after hopes of a US export ban were crushed by Politico’s sources. Sophia Cai (@SophiaCai99) posted on X that: NEW: The White House will not implement

CBS News Investigation Uncovers Massive Medicare Hospice Fraud In L.A. County Authored by Bryan Hyde via American Greatness, An investigation by CBS News has discovered massive Medicare fraud at more than 700 out of 1,800 licensed hospice providers in Los Angeles County. The scam utilizes stolen Medicare numbers to fraudulently enroll healthy seniors in hospice with fake

MMT Vs Austrian Economics: Deficits, War, & Markets The Keynesian-Austrian debate has raged for over a century. Questions of deficits, taxes, money printing, and their impact on inflation are at the center of the disagreement. War breaking out in the Middle East means we will see more of these three inputs, so how will they