Hackers Launch ‘Vishing’ Cyberattacks Against Major Hedge Funds Several major Wall Street firms have been hit with a wave of sophisticated cyberattacks using voice phishing, or ‘vishing’ to trick employees into revealing sensitive information or granting access, Bloomberg reports.  Crash Override gets his ass handed to him by Acid Burn (Hackers) The attacks targeted some of the world’s largest hedge funds – including Citadel, […]

Former LAPD Officer Gets Life Sentence For Kidnapping Teen In $350,000 Crypto Robbery Authored by Brian Danga via TheBlock.co, Former LAPD officer Eric Halem was sentenced to life plus 15 years in state prison on Tuesday for his role in the December 2024 armed robbery of a 17-year-old in Koreatown, who was robbed of a hard drive containing $350,000 worth of bitcoin. Los Angeles County Superior Court Judge Mildred Escobedo […]

GTA VI Delay Fears Reignite As Ex-Rockstar Developer Says He “Would Not Be Shocked” Speculation about a delay to Grand Theft Auto VI is spreading online after a former Rockstar Games developer said that, based on his experience working on previous installments, he “would not be shocked” if the game slips again. Another postponement would add to the previous delays and spark frustration among gamers who have waited more than 13 […]

At Least Ten Agitators Arrested In Madison As Filthy ‘Autonomous Zone’ Is Dismantled Authored by Debra Heine via American Greatness, Authorities in Madison, Wisconsin on Tuesday sent in crews to clean up and dismantle the filthy and violent “autonomous zone” that was set up by left-wing agitators to protest the shooting of an armed violent felon. At least ten occupiers were arrested as of Tuesday morning, Fox 6 reported. […]

Ethereum Researchers Want To Rein In Staking; Critics Warn It Could Backfire Authored by Felix Ng via CoinTelegraph.com, A group of six Ethereum researchers and developers, including Ethereum Foundation’s Justin Drake, has proposed changing the network’s issuance policy to cut validator rewards more sharply as the proportion of staked ETH rises.  The draft, called the Tapered Issuance Burn and currently being assigned the […]

Copper Tops $14,000 As US Stockpiling Drains Global Supply Ahead Of Trump’s Tariff Call Copper strength has returned to the London Metal Exchange this week as futures top $14,000 a ton. Another leg higher could be imminent, pushing prices into blue-sky territory as traders weigh tightening global supplies against robust metal inflows into the US ahead of President Trump’s expected tariff decision. The Commerce Department was […]

Iran-Oman Hormuz Route ‘Agreed To’ As Iran Warns Against US ‘Interference’ Summary Iran says Hormuz route is agreed: Tehran says it has finalized a shipping route with Oman, blaming U.S. actions for delaying a final agreement. Tehran claims victory: Iranian officials say the deal would lock in Iran’s wartime gains and strategic leverage over Hormuz. Mixed messages: Trump says a deal could come within days, while Iran insists the […]

Citadel Soars 6% In July Thanks To Situational Awareness Firesale Liquidation Some have speculated that one of the most proximal catalysts behind the collapse of Leopold Aschenbrenner’s $45 billion and epically misnamed Situational Awareness hedge fund, besides his use of batshit insane Total Return Swap leverage that would make an average Korean momentum-chasing degen blush with envy, was Citadel’s vocal warning early last week […]

Google’s Chief AI Scientist Jeff Dean Exits After 27 Years, Alphabet Shares Slide Alphabet shares slid after The Wall Street Journal reported that Jeff Dean, one of Google’s earliest employees and a key figure in its AI strategy (co-founder of Google Brain), is departing after nearly three decades to launch his own AI company. The exit raises fresh concerns about Google’s ability to retain top researchers as competition for AI […]

Second Foreign Vessel Attacked Off Yemen Within Hours, Amid Houthi ‘Siege For Siege’ Blockade Update(1235ET): The Houthis have apparently attacked two vessels off Yemen’s coast within a mere few hours on Tuesday, as clearly the assault on international shipping by the Iran-aligned group has grown. The below alert from the United Kingdom Maritime Trade Operations (UKMTO) Centre is the second one today. Just hours before, an […]

Ukraine Shot Down Zero Missiles In Huge Russian Overnight Salvo That Killed At Least 21 According to a growing casualty count, a large barrage of ballistic missiles fired by Russia on Ukraine has killed at least 21 people and wounded dozens more. The overnight attack has raised the alarm for Ukraine’s Western backers, given it is being widely reported that among the over two dozen ballistic and anti-ship missiles fired, not a […]

Middle East War Triggers New Global Refining Boom Submitted By Tsvetana Paraskova of OilPrice.com For the second time this decade, a war has upended global oil markets and sent oil prices and refining margins to multi-year highs, benefiting the world’s biggest oil companies and top refiners. The war in Iran has tightened fuel supply as crude oil has struggled to move through the Strait of Hormuz, triggering reduced refining […]

Progressive El-Sayed Wins Michigan’s Democratic Senate Primary Authored by Jacob Burg via The Epoch Times, ANN ARBOR, Mich. – Progressive Abdul El-Sayed narrowly defeated establishment candidate Rep. Haley Stevens (D-Mich.) to win the Michigan Democratic Senate primary in a contentious race that became a proxy fight for the broader battle within the party over its direction. Michigan Democratic Senate candidate Abdul El-Sayed […]

FAFO: Democrat Candidate Threatening Beachgoers Gets Knocked Out Cold On Beach A Democrat hopeful gunning for a seat in Congress is sitting behind bars on $1 million bail after police described a chaotic beachside confrontation on Maui that involved a knife, repeated threats, and the candidate left unconscious in the sand. Kirill Basin, the 40-year-old primary challenger to Rep. Jill Tokuda in Hawaii’s 2nd Congressional District, […]

WTI Maintains Losses After Another SPR Drain, Distillate Stocks At 30-Year Seasonal Lows Oil prices have roller-coastered overnight – higher on new Houthie attacks in the Red Sea and now lower on reports that a draft deal approval in imminent. Up… A Houthi military spokesperson said the group would escalate attacks on Saudi vessels in the northern Red Sea — the latest workaround for the kingdom’s exports to avoid the […]

We’ve Been Here Before By Bas van Geffen, senior macro strategist at Rabobank Phil Connors has woken up to another instance of the same day. The US, Iran and Oman are said to be close to a new deal to reopen the Strait of Hormuz. Axios reports that the US aims for an announcement today. So, Brent futures dropped to $79/barrel and equity markets rallied further, for the S&P 500 to set a fresh record high. The reported deal […]

US Services Surveys Signal Rebound In Growth In July, But… Following the mixed picture from yesterday’s Manufacturing surveys (ISM 4 year high, S&P Global 3 mo low driven by the bifurcated ‘AI vs The Rest’ economy), this morning’s Services sector surveys were ‘expected’ to show the opposite (ISM down, S&P Global up) all in the face of fading hard data. S&P Global US Services PMI jumped from 51.2 (final June) to 53.6 […]

US Telecoms Slide On Starlink Mobile Threat; Bernstein Sees It As A “Jab, But No Knockout Yet” U.S. telecom stocks fell in premarket trading after SpaceX, during its first earnings call as a publicly traded company on Tuesday evening, outlined its vision for Starlink to challenge Verizon, T-Mobile, and AT&T. This was the market reaction to discussions surrounding @Starlink Mobile during the SpaceX Earnings Call. The big three […]

Armed Man Named ‘Jeanine’ Arrested At Trump’s California Golf Course Ahead Of President’s Visit Authored by Kimberley Hayek via The Epoch Times, A California man carrying ammunition and with a gun in his car was arrested Sunday at President Donald Trump’s Los Angeles-area golf course after authorities say he was observed walking through the grounds, taking photographs as well as video, and appearing to monitor security […]

Abbott Orders Pause On Texas Data Center Approvals Pending Audit Texas Governor Greg Abbott just ordered a pause on approving new data center projects via the state’s grid interconnection process over concerns that a surge in electricity demand could threaten reliability amid growing opposition to the projects.  The timing couldn’t be worse – as Texas is on the cusp of becoming one of the world’s largest hubs for […]

Treasury Refunding: No Change To Auction Sizes As Bessent Deepens Reliance On Short-Term Debt For yet another quarter, the Treasury’s Quarterly Refunding offered no surprises, which considering the state of the US bond market is probably not a bad thing.  In its 8:30am ET report, the US Treasury retained its previous guidance for future debt issuance, signaling no change in note and bond auction sizes well into 2027 even as […]

“This Is Going To Surprise Some People”: Leading Biden COVID-19 Figure Embraces The Lab Leak Theory Authored by Jonathan Turley, Former Biden White House COVID-19 Response Coordinator Dr. Ashish Jha this weekend became the latest denier of the lab theory to do a 180-degree turn. During the interview with CNN’s Dana Bash, Jha admitted that he now believes that the most likely explanation is a lab leak at the Wuhan Institute of […]

“Hiring Patterns Are Changing”: ADP Reports Weakest Job Gains In 6 Months, But… Following a weaker than expected JOLTS report, but better than expected ISM employment data, ADP reports today (ahead of Friday’s payrolls report) that the US economy added only 44k jobs in July (below the 65k expected and the lowest since January) after a revised 95k increase in the prior month… With the Goods-producing side of the economy losing […]

Futures Hit New Record High On Strong Earnings Following Historic Call Buying Frenzy S&P 500 futures are up following yesterday’s first ATH since June; both tech and small caps are lagging, pointing to another potential broadening. A jump in US tech stocks is holding too, with Nasdaq-100 contracts rising after a 3.3% surge in the session before, powered by semiconductor stocks and blowout Palantir earnings. S&P futures are […]

Fauci’s Time Is Up… Authored by Steve Watson via Modernity News, Sen. Rand Paul has locked in the date for a committee vote that could finally impose real consequences on Anthony Fauci, the longtime public health official whose pandemic-era decisions reshaped daily life for millions of Americans. On Thursday, the Senate Homeland Security and Governmental Affairs Committee will vote on a resolution holding Fauci in contempt of […]