by Michael Everyone has been waiting to see what Iran’s plan for the Strait of Hormuz was going to look like, and now we know. President Trump and his team were hoping that the Iranians would agree to allow commercial vessels to freely travel through the Strait of Hormuz, but that was never going to … Read more
President Trump chases down a small child on stage. pic.twitter.com/Ki3rjHT7ut — Acyn (@Acyn) August 5, 2026
Donald Trump is demanding jail for the ‘leakers’ who exposed his furious clash with Pete Hegseth over hidden missile shortages. Confronted over why the President was kept in the dark, the secretary of war reportedly turned on his own deputy, according to the Washington Post. The showdown reportedly unfolded at Camp David last Friday, where … Read more
Sen. Mitch McConnell said on Thursday that he has been discharged from the rehabilitation center where he had been recovering after a fall and will continue to recover at home. “Earlier today, I was discharged from the rehabilitation center to continue my recovery at home. Elaine and I are grateful for the many well wishes … Read more
JUST IN: Scientists warn of “urgent” biosecurity concerns after AI successfully designs 16 new viruses capable of replicating inside cells. — Polymarket (@Polymarket) August 6, 2026 Artificial Intelligence has been used to design brand new viruses that are fully functional and can replicate in the laboratory, say US researchers. It is the first time whole … Read more
by Michael Americans are facing the longest and most painful affordability crisis in our entire history, and young people are being hit the hardest. For many Americans under the age of 40, homeownership is just a dream that will probably never come true. At this point, only workers that make at least six figures can … Read more
Ronald S. Lauder, a major funder of conservative political causes, has not given a single dollar this year to Republicans in his home state, and his super PAC has gone idle. For decades, Ronald S. Lauder, the billionaire cosmetics heir and philanthropist, has been something like a one-man bank for Republicans in New York. He … Read more
via gainspainscapital Yesterday I noted that Japan was on the verge of a debt crisis. By quick way of review… After 30+ years of monetary interventions, the Japanese Yen is on the verge of entering a free-fall. Last week the Yen came dangerously close to breaking below critical support. A break below this line would … Read more
via Matthew Piepenburg Between the market’s reaction to Warsh’s recent no-rate-hike announcement and the current disaster unfolding with the Japanese yen, the set-up for near-term “Uh-Oh” in stocks and bonds in general–and the longer-term wisdom in precious metals in particular– couldn’t be more obvious. Stick to the Essential Antoine de St. Exupery famously (and wisely) … Read more
The Treasury announced its quarterly refunding today. It issues $125 billion in new debt to repay $96.3 billion maturing on August 15, and keeps an extra $28.7 billion in cash. – 3-year note: $58 billion on August 11 – 10-year note: $42 billion on August 12 – 30-year bond: $25 billion on August 13 Mortgage … Read more
Home purchases in the US by foreign buyers – both nonresident foreign buyers and foreign buyers who reside in the US – fell again in the 12-month period through March and have collapsed by 76% from the peak in 2017, to just 67,100 homes (red line in the chart). During the peak year through March … Read more
(Barrons) August 5 – Alphabet shares dropped on Wednesday after the company announced a big shakeup at its artificial-intelligence division. Demis Hassabis, who shared the Nobel Prize with Jumper, was the CEO of Google’s DeepMind AI lab, and he will step back to become DeepMind’s chairman and Alphabet Chief Scientist. Koray Kavukcuoglu will replace him, … Read more
U.S. Treasury Secretary Scott Bessent Just WARNED The Fed: Expand the FIMA facility NOW or watch the yen collapse and drag U.S. Treasuries down with it. Japan is bleeding. The U.S. already intervened once… and it failed. Bessent is telling the Fed: “Help prop up the yen with dollar loans or Japan starts dumping American … Read more
In a talk that was a last-minute addition to the Black Hat security conference in Las Vegas on Wednesday, employees from OpenAI presented new details about a recent, high-profile incident of rogue AI hacking that has created a maelstrom within the AI and cybersecurity industries. About two weeks ago, OpenAI disclosed an incident in which … Read more
Restaurant chain Qdoba has followed Chipotle in removing jalapeños from its locations amid a salmonella outbreak that has affected at least 27 states, according to health officials. The Mexican fast-casual restaurant said Wednesday it was cooperating with public health authorities as they investigate the outbreak linked to jalapeño peppers grown in Sinaloa, Mexico. The peppers … Read more
Quebec’s former tourism minister has been ordered to pay a Christian group $60,000 in damages after a judge ruled she violated the organization’s free speech rights when she cancelled their rally at the Quebec City Convention Centre. Caroline Proulx defended her decision to cancel the event on June 2, 2023, because she said the group, … Read more
I think we all saw this one coming, but interesting never the less. Factcheck: GS1 set a goal called Sunrise 2027 so retailers can scan 2D codes like QR at checkout by the end of 2027. Traditional line barcodes are not getting abolished. Both will sit on packs for years while systems catch up. h/t … Read more
Found it on Zillow pic.twitter.com/7Bq3SRE1ww — Social Butterfinger (@SocialButtrFngr) August 5, 2026
The Senate Homeland Security and Governmental Affairs Committee voted 8-5 along party lines today to hold Anthony Fauci in contempt of Congress for refusing to answer questions under subpoena. Chairman Rand Paul is sending the referral straight to the Justice Department. A separate Senate panel also obtained a copy of Fauci’s COVID-era government iPhone from … Read more
The food industry was scamming everyone first. pic.twitter.com/2ro3njk2r4 — Julie Minds (@JoulesMinds) August 6, 2026 Surveillance Pricing and Dynamic Pricing legal overview New Jersey on July 23, 2026, became the third state, following Maryland and Connecticut, to enact a law banning “surveillance pricing” for groceries, with penalties of up to $50,000 per violation, treble damages … Read more