Economy & Finance

Illegal Immigrant Accused Of Faking ICE Kidnapping To Solicit Donations Authored by Jill McLaughlin via The Epoch Times (emphasis ours), An illegal immigrant living in South Los Angeles faces federal charges for allegedly falsely claiming she had been kidnapped by federal immigration agents in a fast food restaurant parking lot, the U.S. Attorney’s Office reported […]

UMich Sentiment Surges Higher As Inflation Expectations Plunge Following June’s bounce, preliminary July data from UMich’s Sentiment survey was expected to continue rebounding… and it did. The headline sentiment index rose from 60.7 to 61.8 (above the 61.5 exp) with a big bounce in Current Conditions (from 64.8 to 66.8) and a small rise in

Goldman, UBS Encouraged By Burberry’s Turnaround Momentum After Earnings Print  The global luxury market remains under pressure across all major regions—from Asia to Europe to the U.S.—but one brand may be turning a corner. British trench coat maker Burberry has been undergoing a multi-quarter turnaround, showing early signs of a potential bottoming out. A sustained

Pumping The Brakes On Alternative Energy Authored by Gary Abernathy via The Empowerment Alliance, The Trump administration’s impressive efforts to reboot traditional, reliable energy in the U.S. are a godsend not only for Americans but for people around the world. Whether reversing Biden-era prohibitions against offshore drilling or fast-tracking permits for natural gas exploration and

Crypto Market Cap Tops $4 Trillion As House Passes All 3 ‘Crypto Week’ Bills In a decisive move for the future of Bitcoin and crypto in the United States, the House of Representatives has officially passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act,  , and the Anti-Central Bank Digital Currency (CBDC) Act.  As

Renter Nation Returns: Surge In Multi-Family Unit Starts & Permits Saves US Housing Market Despite homebuilder confidence in the toilet (and Pulte’s daily calls alongside Trump for lower rates), US Housing Starts and Permits surprised to the upside in June. Housing Starts jumped 4.6% MoM (+3.5% MoM exp), rebounding from May’s 9.7% MoM tumble. Building

Futures Flat With $2.8 Trillion In Options Set To Expire US equity futures are flat even as the global equity rally extended into Europe, following Friday’s gains in Asia and Thursday’s record close on Wall Street. As of 8:00am, S&P futures are unchanged while Nasdaq 100 futures rise 0.1% after NFLX had a solid report, but

Chevron Clears Final Hurdle To Hess Megadeal After Winning Exxon Arbitration Shares of Chevron and Hess climbed in premarket trading in New York after the International Chamber of Commerce (ICC) in Paris rejected Exxon Mobil’s attempt to block Chevron’s $53 billion acquisition of Hess.  An arbitration panel from the ICC dismissed Exxon’s claim that it had the right

“False, Malicious, Defamatory” – Trump Demands Unsealing Of Epstein Files, Threatens Lawsuit After WSJ Hit Piece Donald Trump sent notorious sex-trafficker Jeffrey Epstein a bawdy birthday letter with a drawing of a naked woman, an acknowledgement that the two “have certain things in common,” and a wish for “every day [to] be another wonderful secret,”

EU Rolls Out Toughest Oil Sanctions Yet On Russia In 18th Round Brent crude futures rose earlier after the European Union approved its 18th round of sanctions against Russia over the war in Ukraine. However, with a multi-year track record of Western sanctions—and repeated predictions by their leaders that Moscow would collapse due to lost