Massachusetts Governor Uses Donut Holes To Explain The State Energy Crisis She Caused The Democrat tendency to talk down to their constituencies as if they are children has become a mainstay of American political discourse in the past several years.  This behavior is rooted in a simmering arrogance among the political class, but it also tends to expose their lack of understanding when it comes to some of the more basic economic and […]

FCC Set To Vote on Easing Satellite Power Rules, Boosting SpaceX’s Starlink Authored by Kimberly Hayek via The Epoch Times (emphasis ours), The Federal Communications Commission (FCC) announced Wednesday it will vote on an order to revamp satellite spectrum-sharing rules that would benefit low-Earth orbit broadband providers – and SpaceX stands to gain the most. The SpaceX Falcon 9 rocket carrying Starlink satellites is seen over […]

Beijing Cries Foul Over Chinese Scientist’s Death Following Alleged US Interrogation – Feds Tight-Lipped China is accusing U.S. federal authorities of “hostile questioning” by US law enforcement following the death of a groundbreaking Chinese semiconductor researcher who fell to his death inside a University of Michigan building last month, while American law enforcement and university officials remain tight-lipped about any […]

The Economic Destruction Of Trump’s War Goes Far Beyond High Gas Prices Authored by Connor O’Keeffe via the Mises Institute, For the past six weeks, as this US-Israeli war with Iran has played out, the economic impact of the conflict has gotten a lot of attention. And rightfully so. As anyone who’s consumed any news about this war knows well by now, the Strait of Hormuz is a major energy chokepoint, the Iranian government did […]

No Storybook Ending: Disney Plans Another Round Of Layoffs Disney turned a new chapter earlier this year when Josh D’Amaro took over the century-old entertainment giant from Bob Iger as chief executive. But the closely watched succession has occurred against the troubling backdrop of recent reorganization and a questionable turnaround effort, leaving Wall Street analysts with mixed feelings. The Wall Street Journal reports that […]

Texas Pacific Land Crashes After Largest Shareholder Dies Land-and-royalty company Texas Pacific Land Corp. crashed the most since early Covid after the head of its largest shareholder unexpectedly died.  Bloomberg reports that Murray Stahl, CEO of Horizon Kinetics and a TPL board member, died on Thursday, sending shares spiraling lower by 17% in late-afternoon trading. This marked the largest intraday decline in the stock […]

Minneapolis Pushes To Legalize Sex Bath-Houses For Gay Somali Immigrants Authored by Steve Watson via Modernity.news, Minneapolis city leaders are barreling ahead with plans to legalize adult bathhouses and sex venues where consenting adults can engage in sexual activity, scrapping a 38-year ban enacted during the AIDS epidemic. The push, driven by activists, comes as the gay Somali community in Minneapolis has been clamoring to […]

DOJ Opens Criminal Investigation Into J6 Committee Star Witness Cassidy Hutchinson Authored by Debra Heine via American Greatness, The U.S. Department of Justice (DOJ) has opened a criminal investigation into Cassidy Hutchinson, the former White House staffer who made a number of false claims about President Donald Trump before the January 6 Committee in June 2022. The probe, led by the DOJ’s Civil Rights Division under […]

Mediocre 30Y Auction Has First Tail Since November After a solid 3Y auction and a tepid 10Y auction earlier this week, moments ago the Treasury concluded the final coupon auction of the week, when it sold $22 billion in a 30 year reopening in what was another average auction. The sale stopped at a high yield of 4.876%, virtually unchanged from 4.871% a month ago and the highest since last July. It also tailed the When Issued […]

NYC Mayor’s ‘Racial Equity Plan’ Would Direct City Resources To ‘Black And Brown New Yorkers’ Authored by Bryan Hyde via American Greatness, Democratic New York City Mayor Zohran Mamdani has introduced a “racial equity plan” directing city resources to “black and brown New Yorkers” in an attempt to “confront institutional and systemic racism within our city.” The mayor’s policy proposal targets housing, health, and […]

Trump ‘Optimistic’ An Iran Deal Within Reach, After First Non-Iranian Tanker Transits Hormuz Since Ceasefire Summary:  Bibi says pursuing Lebanon ceasefire after reports of Trump pressure. Over 250 killed and 1,000+ wounded in Lebanon from Wednesday surprise attack by Israel’s military. UAE, Pakistan, and even EU (Kallas) condemn. Trump ‘optimistic’ a deal within reach (NBC). WH confirms Vice President Vance will lead […]

GOP Blocks Congressional Democrats Attempt At Iran War Powers Vote (Update 1245ET): House Republicans thwarted Democrats’ attempt to unanimously restrict President Donald Trump’s war powers in Iran, declining to recognize the lawmaker who sought to offer it during a pro forma session Thursday. As Bloomberg reports, the forced-adoption attempt was destined to fail, but it previewed Democrats’ focus on rebuking the war in Iran […]

White House Says Cuban Regime Is “Bound To Fall” Authored by Travis Gillmore via The Epoch Times, White House press secretary Karoline Leavitt addressed the situation in Cuba, where the population of nearly 10 million are impacted by rolling blackouts and instability, during a press briefing April 8. She further clarified President Donald Trump’s recent statement that “Cuba is next,” after the U.S. military successfully […]

New Jersey Governor Sherrill Lifts 40-Year Nuclear Moratorium Governor Mikie Sherrill signed legislation that scraps New Jersey’s 40-year de facto moratorium on new nuclear power plants, clearing the way for expanded baseload generation in a state long plagued by some of the nation’s highest utility bills.  The bill, S3870/A4528, amends the Coastal Area Facility Review Act to remove an outdated permitting roadblock tied to […]

FBI Arrests Former Army Contractor For Allegedly Leaking Top Secret Details About Special Forces To Media Authored by Jill McLaughlin via The Epoch Times, The FBI arrested a former Fort Bragg civilian contractor April 7 for allegedly providing top secret details about the Delta Force special forces unit to a journalist who later published the information in an article and book. Courtney Williams, 40, of Wagram, North Carolina, […]

South Beirut Sees Mass Exodus Amid Diplomatic Scramble To Ward Off Israeli Raids Israel has on Thursday warned civilians in south Beirut to evacuate their homes and neighborhoods, amid fears of a fresh impending aerial assault, after IDF strikes across Lebanon and the capital the day prior led to at least 250 Lebanese deaths and over 1,400 people wounded. These were the heaviest strikes of the war. “Just a short while ago, the […]

CoreWeave Expands Meta AI Deal To $21 Billion, Issues $4.25 Billion In New Convertible & Junk Debt CoreWeave has expanded its agreement to supply Meta with AI computing capacity, lifting the total value of the deal to $21 billion, as reported by Bloomberg. The updated terms extend AI cloud services through December 2032. This means that circular financing circle jerk we’ve been tracking since last year continues. LOL […]

Iran To Allow No More Than 15 Vessels Per Day Through Hormuz: Russian Media Despite the positive development of a shaky US-Iran ceasefire holding, the reality is that Tehran still maintains de facto control over the vital Strait of Hormuz waterway. A mere few vessels passed without incident on Wednesday, before Iran’s military closed the strait again, citing Israel’s massive attacks on Lebanon. The Associated Press has emphasized […]

Shmeasefire By Molly Schwartz, cross-asset macro strategist of Rabobank The trouble with ceasefires is that they often require both sides to agree to a set of terms, and then actually cease fire. However, if the set of terms are not comprehensively established and neither side can be held accountable to pause hostilities, then the so-called “ceasefire” loses all meaning. Yesterday morning, Secretary of War, Pete Hegseth spoke […]

“Build Geothermal At Scale”: Fervo Energy Locks In 1.7 GW Turbine Supply Deal With Turboden Fervo Energy and Turboden, part of the Mitsubishi Heavy Industries Group, announced a three-year framework agreement to supply Organic Rankine Cycle (ORC) turbines for up to 35 of Fervo’s standardized 50 MW GeoBlocks. The deal totals 1.7 gigawatts of carbon-free, dispatchable baseload power, marking a major step toward scaling […]

House Democrats Threaten Contempt For Bondi If She Doesn’t Testify In Epstein Probe Authored by Jacob Burg via The Epoch Times, Democrats on the House Oversight Committee on April 8 threatened to file contempt of Congress charges against former Attorney General Pam Bondi if she doesn’t testify before the House as part of its ongoing investigation into deceased sex offender Jeffrey Epstein. The House Oversight Committee […]

Marc Faber Vs Brent Johnson On What’s After Iran War: Utopia Or Crash As the dust begins to settle from the latest escalation in the Iran conflict, markets are left to grapple with a more complicated question: what comes next? Is this the beginning of a reset toward stability, another leg up in markets, and lower inflation -or- are the early stages of a broader economic unraveling tied to supply shocks, currency stress, and […]

Artemis II Astronauts Prepare For Re-Entry, Splashdown Authored by T.J.Muscaro via The Epoch Times, When Artemis II crew members wake up at 11:35 a.m. ET on April 9, they will begin their last full day in space and start preparing the cabin for their return home. NASA’s Reid Wiseman, Victor Glover, and Christina Koch, and Jeremy Hansen of the Canadian Space Agency, continue to fall back to Earth on a free return trajectory […]

Continuing Jobless Claims Tumble To 2-Year Lows The number of Americans filing for jobless benefits for the first time rose from 203k to 219k last week (higher than the expected 210k), but still hovering within the low-low range of the last four years… Source: Bloomberg New Jersey and Oregon saw the largest WoW rise in initial claims while Texas and New York saw the biggest decline… But, while initial claims rose, […]

Savings Rate Slides As Fed’s Favorite Inflation Gauge Slowed In February (Ahead Of War) The Fed’s favorite inflation indicator – Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) – rose 0.4% MoM in February (pre-war), in line with expectations, with YoY rising 3.0% (as expected – lowest since Dec), down from January’s +3.1%… Source: Bloomberg The YoY Core decline […]