Economy & Finance

DoJ Opens Criminal Probe Into Meatpacking Cartel As Food Stocks Slide Shares of Tyson Foods and Smithfield Foods fell in late-morning trading in New York after The Wall Street Journal reported that the Justice Department’s antitrust division has opened a criminal probe into major meatpackers. The report follows President Trump’s push for an investigation into […]

Tomorrow’s Testimony: Kevin Warsh To Walk Tightrope On Rates, Inflation And Fed Independence President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, will appear before the Senate Banking Committee on Tuesday at 10AM ET in what is shaping up to be one of the most politically charged confirmation hearings in the central bank’s

‘Highly Unlikely’ US Will Extend Iran Ceasefire, ‘Lots Of Bombs Will Go Off’ If No Deal: Trump Summary Trump says ‘highly unlikely’ will extend ceasefire if deal not signed in Pakistan. Iran’s military after Sunday’s US seizure of Iran-flagged cargo ship: will “take the necessary action against the US military” Vance intends to depart Tuesday

Pentagon Releases Video Of Marines Landing On Iranian Ship By Monday morning US Central Command had released fuller video showing the dramatic night vision footage of Sunday’s capture of an Iranian-flagged cargo ship, after it refused to follow US orders to withdraw from its planned passage through the Strait of Hormuz. The Pentagon soon after

Saylor’s Strategy Holdings Top 800,000 Bitcoin After 3rd Biggest Purchase In History Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, has blasted past 800,000 BTC in total holdings after announcing its latest purchases. Strategy acquired 34,164 Bitcoin for $2.54 billion between April 13 and 19, according to an 8-K filing with the US Securities and Exchange

Key Events This Week: Warsh Nomination Hearing, Retail Sales, Fed Blackout, Earnings As the war in Iran enters its 8th week, Deutsche Bank’s Jim Reid says that recent developments can be framed in two ways: either five steps forward towards peace and three back (seems more apt than three and two), or as evidence that

“Critical Inflection Point” Reached As USA Rare Earth Expands With $2.8 Billion Serra Verde Buyout USA Rare Earth Inc. is acquiring Brazil’s Serra Verde Group in a roughly $2.8 billion cash-and-stock deal, part of a broader push by the U.S. and its allies to secure independent supplies of critical minerals, according to CNBC and Bloomberg. 

AST SpaceMobile Craters After Blue Origin Rocket Fails To Place Satellite In Correct Orbit Shares of AST SpaceMobile plunged the most since February after Blue Origin’s New Glenn rocket failed to place the company’s BlueBird 7 satellite into its intended orbit during Sunday morning’s launch. Shortly after the successful launch of New Glenn from the

3 LA County Residents Charged In Luxury Car Insurance Scam Involving Bear Suit Authored by Dylan Morgan via The Epoch Times, Three Los Angeles County residents were charged on April 16 with insurance fraud involving a bear suit and luxury vehicles. A fourth awaits trial. The California Department of Insurance said the defendants used a