Economy & Finance

US Senator Urges Delay Of CLARITY Act Senate Markup Until May: Report Authored by Brayden Lindrea via CoinTelegraph.com, A US senator has reportedly urged Senate Banking Chair Tim Scott to delay the markup for the crypto market structure bill until May, as banking and crypto representatives need more time to resolve disagreements over stablecoin yield […]

AI “Circle Jerk” Returns: Anthropic To Spend $100 Billion On AWS In Amazon Deal Circular AI vendor financing is back and back in a big way… As we noted last fall, when we walked readers through the stunning math behind what we called the AI “circle jerk,” this latest iteration centers on Amazon and Anthropic,

ActBlue Employees Invoked Fifth Amendment 146 Times During House Probe Authored by Bryan Hyde via American Greatness, The House Administration, Oversight, and Judiciary Committees has released a joint interim staff report on its investigation into alleged donor fraud by ActBlue. According to Breitbart, the report released Monday says five current and former employees of the

Trump Cryptically References US Intercepted Chinese ‘Gift’ To Iran President Trump made an interesting and somewhat cryptic China reference in a series of Tuesday morning Iran-related statements, given to CNBC. He stated that US forces recently intercepted a vessel carrying what he described as a “gift” from China to Iran as Tehran seeks to rebuild

Oil Spikes, Stocks Suddenly Dump During Warsh Hearing It’s unclear what exactly is driving but the markets are reverting back to old habits this morning with oil spiking… …dragging Treasury yields higher… Stocks are tanking… And so is gold… There were no obvious geopolitical headline catalysts for the move – though uncertainty remains high about

Wheat Spread Blows Out As Drought Chaos Plagues America’s Breadbasket Hard red winter wheat (HRW) futures widened to their largest premium over soft red wheat (SRW) in more than two years as severe drought intensified across key breadbasket regions in the Great Plains and Midwest. This means traders are pricing in weather impacts and tightening

The High Man In The Castle By Michael Every of Rabobank The world is again waiting to see what comes out of US-Iran peace talks in Pakistan as the two-week ceasefire deadline looms. Again, it’s a binary outcome: war, with threatened strikes on bridges and power plants in Iran, then perhaps regionally, and an extended

US Pending Home Sales Rebound Off Record Lows, Despite Rising Mortgage Rates After rising in February, US Pending Home Sales were expected to continue to improve in March (+0.5% MoM) but – despite apparently rising mortgage rates – sales rose 1.5% MoM (even with February revised up to +2.5% MoM). This dragged pending home sales

Watch Live: Kevin Warsh Faces Democratic Fire In Contentious Senate Confirmation Hearing For Fed Chair President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, is scheduled to appear before the Senate Banking Committee today at 10:00 a.m. ET for his confirmation hearing – his first public test in the high-stakes process to become the

Texas Electricity Demand Could Quadruple Due To Soaring Data Center Demand: ERCOT Peak demand in the Electric Reliability Council of Texas (ERCOT) territory could more than quadruple to 367,790 MW by 2032, driven primarily by data centers as well as other large load customers, the grid operator said in a preliminary forecast published Wednesday and