Uber Builds Large Stake In Germany’s Delivery Hero As Takeover Speculation Builds Uber is exploring a potential takeover of Delivery Hero after building a large stake in the rival German food delivery company, Bloomberg News reports. This follows an earlier report that Uber had built a 19.5% stake. On Monday, Uber disclosed that it owns 19.5% of Delivery Hero, plus an additional 5.6% through options. The position was built with the […]

Iran Says 35 Ships Exited Strait Of Hormuz As Rubio Condemns Tolls The US blockade of the Iranian blockade is looking increasingly more porous. Iran said 35 ships passed through the Strait of Hormuz in the past 24 hours in coordination with the Islamic Revolutionary Guard Corps, the Iranian state broadcaster reported on Friday. The navy had already reported on Wednesday that 26 ships had passed through the strait within 24 hours. […]

Iran Says ‘No Deal’ Will Materialize If US Insists On Enriched Uranium Handover Summary Iran Foreign Ministry says “no deal” will be reached if the US makes enriched uranium handover demand (Al Jazeera). Rubio confirms that there’s been no deal and that “we’re not there yet” – amid broader late morning pushback against morning optimistic, premature headlines. Saudi sources report Pakistan army chief & a Qatar delegation […]

India’s Power Demand Hits Record High As Heat Drives Coal Use Submitted by Irina Slav of OilPrice.com India’s power generation rose to a new all-time high amid hot weather that drove air-conditioning demand up, with thermal generation, most of its coming from coal power plants, covering 62% of demand. Power demand on Thursday hit 271 GW, on the “fourth consecutive day when the peak power demand (solar hours) reached a new […]

Tulsi Gabbard Resigns As Director Of National Intelligence Tulsi Gabbard is stepping down from her role as Director of National Intelligence (DNI) to support her husband, Abraham, as he battles an extremely rare form of bone cancer, according to Fox News. Gabbard informed President Donald Trump of her decision during a meeting in the Oval Office on Friday. Her last day at the Office of the Director of National Intelligence […]

Crowd Burns Ebola Treatment Center In Congo Amid Dispute Over Body Authored by Zachary Stieber via The Epoch Times, People set fire to an Ebola treatment center in a town at the heart of the outbreak in eastern Congo on May 21 after being stopped from retrieving the body of a local man, witnesses and police said. “The police intervened to try to calm the situation, but unfortunately they were unsuccessful,” Alexis Burata, a […]

Viral Video Reveals Extent Of LA’s Homeless Hell Authored by Steve Watson via Modernity.news, A shocking video making the rounds shows the reality of life under Los Angeles bridges: a sprawling setup of makeshift homes complete with lighting tapped into the city power grid, tables of items, and a self-contained community living off public resources. The clip, originally from local documentarian @whitewallstuntz, captures a […]

White House And Pentagon Clash Over $80M ReElement Critical Minerals Deal The Pentagon is reconsidering an $80 million conditional loan to rare-earths refiner ReElement Technologies, raising tensions with the White House over efforts to reduce US reliance on China for critical minerals, according to Bloomberg. The loan, announced in November through the Pentagon’s Office of Strategic Capital (OSC), was part of a broader $1.4 […]

Rising Interest Rates: Why The Narrative Fails Against The Data Authored by Lance Roberts via RealInvestmentAdvice.com, Last Friday closed with the 10-year Treasury yield at 4.60%, a one-year high, and the doom commentary about rising interest rates was waiting before the bell even rang. Hyperinflation. Bond market breakdown. Paradigm shift. A 1981 fair-value retest. The Fed is about to “push the brrrr button” or […]

Taiwan Arms Deal Put On Ice Amid China Pressure, But Pentagon Cites Iran War Stockpile Concerns Did the Pentagon just back down amid pressure from China? It appears so. As we reported Thursday, China has been actively holding up a proposed visit by Elbridge Colby, the Pentagon’s under-secretary of defense for policy. The move is a transparent effort to pressure President Trump over a looming $14 billion weapons package for […]

Is Take-Two Sandbagging Guidance Ahead Of Grand Theft Auto VI Launch? Take-Two Interactive slumped in early U.S. cash session after the video-game publisher reported better-than-expected fourth-quarter results but issued what some analysts described as a “conservative” outlook for the year, even as it reaffirmed the November 19 launch date for Grand Theft Auto VI. TTWO’s earnings, released Thursday evening, initially sent shares […]

US Lawmakers Renew Strategic Bitcoin Reserve Push With ARMA Bill Authored by Brayden Lindrea via CoinTelegraph.com, US lawmakers have renewed efforts to codify a US strategic Bitcoin reserve with a new bipartisan bill on Thursday that seeks to acquire around 1 million Bitcoin over five years.  The American Reserve Modernization Act of 2026 would establish a Strategic Bitcoin (BTC) Reserve and Digital Asset Stockpile for other […]

“Huge Shock”: China Launches Crackdown On Cross-Border Stock Selling To Block Capital Outflows China launched an unprecedented campaign against illegal cross-border trading to stem capital outflows, threatening severe penalties against brokers and ordering non-compliant accounts to be liquidated within two years, sparking a brutal selloff in three popular brokerages. As Bloomberg reports, the pushback came after the onshore markets […]

Great Again: Blue-Haired Liberals Seen Enjoying Beautifully Restored DC Park Fountain Authored by Steve Watson via modernity.news Decline is a choice Just weeks ago, Meridian Hill Park – also known as Malcolm X Park – stood as a graffiti-scarred reminder of neglect, overrun by vagrants, trash, and decay. Today, its iconic 13-basin cascading fountain flows powerfully once more, drawing families, dog walkers, and even those with […]

‘Mission Impossible’ Begins: Watch Live As Kevin Warsh Is Sworn In As 17th Fed Chair Kevin Warsh, who’s promised the biggest shakeup in decades at the US central bank, is set to be sworn into office this morning at 1100ET in a White House ceremony as the 17th chair of the Federal Reserve. Warsh takes over at a tense moment for the economy and the central bank. Inflation has reaccelerated, driven by the impact of war in the Middle […]

UBS Warns Of “Scary” Oil Price Scenarios Once Inventory Buffers Run Dry Drawing down crude inventories at a record pace, with SPR releases doing the heavy lifting to cushion the Gulf supply shock, only delays the move higher in crude oil prices. Once those buffers are depleted, oil risks being violently repriced higher. That is why the Trump administration’s race to secure a peace deal with Iran and reopen the Hormuz chokepoint has […]

As Stocks Hit Record Highs, Americans’ Consumer Confidence Collapses To Record Low With the “mini war” still ongoing (albeit with a ‘ceasefire’ in place), expectations were for UMich consumer sentiment to continue languishing at record lows in final May data released this morning. And it did, with the headline sentiment – along with both Current Conditions and Expectations – all plunging to record lows… Source: Bloomberg […]

Hope And Reality By Teeuwe Mevissen, Senior Macro Strategist at Rabobank Since the start of the Iran war the market has had a tendency to view the likelihood of a peace agreement with a ‘glass half full’ attitude. Once again, markets have found some comfort in encouraging remarks from both the US and Iran, even though both sides are making it clear that there are still major sticking points on critical issues. US Secretary of […]

Trump Sending 5,000 Additional Troops To Poland, After Same Number Reduced From Germany President Trump announced in a post on Truth Social late Thursday that he will send 5,000 additional troops to Poland, which has raised a lot of questions and introduced some level of confusion, given this is precisely the same number of troops the Pentagon has announced it plans to pull out of Germany. “Based on the successful Election of the […]

Regulators Circle StanChart After CEO’s AI Layoff Comments Spark Uproar It has been a tumultuous week for Standard Chartered CEO Bill Winters. Winters appeared out of touch with the growing anxiety surrounding mounting white-collar AI-related job losses. He described the bank’s AI adoption push as “not cost-cutting,” but rather as “replacing lower-value human capital with financial and investment capital.” Such language ignited a […]

US Stock Futures Rise, Set For 8th Consecutive Week Of Gains US equity futures are higher into the long weekend, with the S&P 500 gaining for an 8th consecutive week higher, its longest streak of weekly wins since 2023 with sustained momentum in popular thematics, thanks to a liquidity boost, supportive macro readings, solid earnings and hopes that the US and Iran are moving closer to a peace deal, not to mention unrelenting […]

Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress Oil market experts at Rapidan Energy Group warn that a prolonged closure of the Strait of Hormuz could trigger an oil shock severe enough to hit consumers hard and push the economy into a downturn on a scale approaching that of the 2008 Great Recession. That warning was reinforced by a UBS analyst, who cautioned that sharper slowdowns for working-class […]

Starmer Government Doubles Down On Anti-Free Speech Policies Authored by Jonathan Turley, When hundreds of thousands of Britons joined the recent Unite the Kingdom rally, the government of Keir Starmer wanted them to know that they were being watched for possible arrest. By deploying facial recognition systems and invoking the United Kingdom’s anti-free speech laws, Starmer’s government made it clear that it would not tolerate […]

Mortgage Rates Hit 9-Month High, Freezing Out Homebuyers In Peak Season The average rate on a 30-year fixed mortgage climbed to its highest level since August, threatening to derail the spring selling season as higher Treasury yields and renewed inflation pressure push loan costs higher and freeze more prospective buyers out of the market. Freddie Mac data released Thursday show the 30-year fixed mortgage rate for the week ending […]

US Removes UN Gaza Rapporteur Francesca Albanese From Sanctions List Authored by Owen Evans via The Epoch Times (emphasis ours), The United States has removed U.N. special rapporteur Francesca Albanese from its sanctions list, according to a May 20 notice posted by the Treasury Department’s Office of Foreign Assets Control. Francesca Albanese, U.N. special rapporteur on human rights in the Palestinian territories, attends a news […]