Economy & Finance

Appeals Court Terminates Criminal Contempt Proceedings Against Trump Admin Authored by Stacy Robinson via The Epoch Times (emphasis ours), An appeals court has put a stop to criminal contempt proceedings initiated by a district judge against the Trump administration. District Judge James Boasberg, chief judge of the District Court for the District of Columbia, stands […]

Et Tu, Indonesia! As the squeeze continues on China’s energy supply (and Xi has started to lash out here and here), we suspect the next words out of the Chinese leader’s mouth (if he spoke Latin) will be “…et tu, Indonesia!” As Stephen Green writes at PJMedia, it might have seemed like one of those

US Carrier Takes Long Route To Gulf To Avoid Bab el-Mandab Strait And Houthis By Mallory Shelbourne of USNI News Aircraft carrier USS George H.W. Bush (CVN-77) is operating off the coast of Namibia, as it sails around the African continent and is set to join a growing naval force in the Arabian Sea amid

La Marxista: Mamdani Pledges To Open First City-Run Store With Projected $30 Million Initial Cost Authored by Jonathan Turley, Mayor Zohran Mamdani used his “First 100 Days” speech this week to announce that he has kept his promise to create a chain of city-run stores . . . by pledging to open one store sometime

DEI Practices Reduce Productivity, Cost $94 Billion Annually: White House Economic Report Authored by Travis Gillmore via The Epoch Times, Diversity, equity, and inclusion practices negatively impacted the U.S. economy, according to the 2026 White House Economic Report released April 13.  Researchers calculated that DEI policies reduced output and lowered the country’s gross domestic product

China Rejects ‘Baseless Smear’ It’s Sending Weapons To Iran After Trump Warned Of ‘Big Problems’ China has dismissed reports that it supplied or plans to supply weapons to Iran as “baseless smears,” after multiple outlets cited US intelligence accusing Beijing of potentially entering the war indirectly. “China has always adopted a cautious and responsible attitude

Treasury Rushes To Access Anthropic ‘Mythos’ AI After Warning It Can Hack “Every Major Operating System” The US Treasury Department’s technology team is actively seeking access to Anthropic PBC’s highly restricted Mythos AI model so it can begin hunting for software vulnerabilities, according to a person familiar with the situation cited by Bloomberg.  Illustration via WIRED

With Private Credit We See The Credit Cycle Hasn’t Been Repealed Authored by Jay Rogers via RealClearMarkets.com, Something cracked in private credit this month, and the men who manage systemic risk for a living are saying so. Goldman Sachs CEO David Solomon’s just-released 2025 annual shareholder letter warns that concerns about private credit – including

Fill ‘er Up: Record Armada Of Tankers Bound For US Gulf To Load Oil An unusually large number of crude oil tankers on the open seas has the American Gulf coast as a destination as the ships are redirected to load cargoes bound for markets around the world already experiencing shortages. As Alton Wallace writes at The Center Square, second-term Republican

JPM Stock Fizzles Despite Blowout Quarter As Key Forecast Cut One day after Goldman Sachs reported its highest profit in 5 years (despite an ugly miss in FICC revenues), this morning JPMorgan impressed with just as solid results, when it reported that its Q1 profits rose 13% as the bank benefited from soaring market volatility