Key Events This Week: All Eyes On The First CPI Print Over 4% In 3 Years Before we look at the Fed, let’s take another quick look at the rollercoaster of the past trading session: a hawkish Fed repricing after the payrolls report triggered a sharp US equity sell-off on Friday with the S&P 500 falling -2.64% (2.59% on the week), its worst day of the year so far, snapping a run of nine consecutive weekly gains. Tech led the […]

Ceased Ceasefire? By Bas van Geffen, Senior Market Strategist at Rabobank There has been little progress in the US-Iran peace negotiations over the past weekend. In fact, it feels like the two sides have been walking backwards as the ceasefire is faltering.  The US and Iran are still at odds over the frozen Iranian assets, which Iran wants released as part of any deal. But, yesterday, President Trump said that he will not […]

Intel Jumps On Report Google Placed 3 Million TPU Foundry Order After last week’s sharp sell-off in chip stocks, the latest attempt to keep the AI bubble inflated comes from a report by The Information, which says Google has placed an order with Intel to manufacture more than 3 million Tensor Processing Units in 2028. Google’s TPU order with Intel is a big win for the struggling chip foundry as it tries to rebuild its empire in […]

“Prepare Your Colon”: HelloFresh Serves Up Anal-Sex-Themed Pride Month Ad Struggling meal-kit delivery company HelloFresh made a Pride Month joke in an official statement loaded with innuendo, using phrases that could easily be seen as sexualized rather than humorous. The ad only suggests the company’s marketing team still does not understand that this kind of culture-war marketing can alienate parts of its potential customer base, […]

Israel Pauses Iran Strikes At Trump’s Request To ‘Stop Shooting’ – But Warns ‘Full Intensity’ Lebanon Ops To Persist Summary Israeli officials say strikes on Iran being halted at President Trump’s request to ‘stop shooting’. Iran FM accuses US of cooperating with Washington: “No one believes that the Zionist regime would carry out any action without prior coordination and cooperation with the United States” (Foreign Ministry […]

Futures Rebound, Oil Pares Gain After Iran Declares End To Military Operations US stocks futures rebounded and oil pared much of its overnight gains, following a declaration from Iran that military operations against Israel ended after the biggest military escalation between Iran and Israel overnight. As of 8:00am ET, S&P futures rose 0.7% while those for the Nasdaq 100 climbed 1.4%, with Mag 7 stocks trading mostly higher in […]

Houthis Declare “Total Ban” On Israeli Ships As Dual Chokepoint Crisis Stokes Supply Chain Nightmare Brent crude futures jumped as much as 5% to $97.83 a barrel, while WTI traded around $95 a barrel, as renewed Iran-Israel fighting threatened to unravel a fragile US-Iran ceasefire and further disrupt energy flows. On the maritime chokepoint front, Iran-backed Houthis declared a full ban on Israeli vessels in the southern Red Sea, […]

Poll Finds Strong Support For Larger Families Despite Falling US Birth Rates Authored by Savannah Hulsey Pointer via The Epoch Times, Most respondents said having children is important to a fulfilling life, while citing faith, family values, and economic stability as key factors. The question of the declining birth rate in the United States has been weighing on many, including economists and those in the religious sector. As more […]

Can AI Save More Energy Than It Consumes? Authored by Haley Zaremba via Oilprice.com, Biglaw firm Duane Morris argues the energy sector’s greatest AI-related risk is not surging power demand but failing to adopt AI tools fast enough to remain competitive. MIT research challenges industry claims that AI efficiency gains will offset its enormous energy consumption, while new data centers continue to be approved at record […]

Goldman And UBS Preview Apple’s WWDC: AI Siri Takes Center Stage Apple’s annual Worldwide Developers Conference (WWDC) begins this afternoon at 1 p.m. EST at Apple Park in Cupertino, Calif. Ahead of WWDC, Goldman analysts led by Michael Ng provided clients with a preview of what to expect, including the unveiling of a long-delayed AI-enhanced Siri and operating system version “27” across iOS, macOS, watchOS, tvOS, and visionOS. […]

Oil Jumps After Israel Strikes Military Targets In Iran, Ignoring Trump Pleas Not To “Strike Back” Summary Despite Trump’s pleading to Netanyahu not to respond, Israel launched missiles at Iran striking military targets inside the country.  Iran fires missiles on Israel, after IDF unleashed deadly airstrike on Beirut earlier Sunday. Despite Trump saying on Sunday that he would tell Israeli Prime Minister Benjamin Netanyahu not […]

Hegseth Warns Europe of ‘Dangerous Ideologies’ Authored by Tom Gantert via The Epoch Times, U.S. Secretary of War Pete Hegseth warned on Saturday that the immigration crisis in Europe is causing the continent to be stormed by “dangerous ideologies” and asked if Europe is ready to address “that invasion.” U.S. Secretary of Defense Pete Hegseth (C) speaks with U.S. WWII and D-Day Landing veterans at a memorial ceremony held as part […]

Spain-Style Blackout Risk Rises As ERCOT Flags Boston-Sized Data Center Loads Tripping Offline The Electric Reliability Council of Texas (ERCOT) gave the market another concrete reason to stop pretending the grid can absorb unlimited hyperscale load growth on top of an already strained generation mix.  In a May 21st report, ERCOT disclosed that multiple clusters of proposed data centers and crypto facilities failed voltage […]

Google’s New CAPTCHA Plans Will Create A Two-Tier Internet Only Accessible To Those With ‘Approved’ Devices Authored by Dr R P via The Daily Sceptic, Never mind Fancy Bear, or the NSO Group, the biggest threat to the open internet today is from the Big Tech corporations on which it has come to depend. For what else are we to conclude given that Google appears to be working on a system to lock large parts of the internet behind a […]

Skynet Soulmate: 62 Year Old Dutch Man Marries The Chatbot Of His Dreams Jacob van Lier, 62, says he was “totally finished” with human relationships when he met Aiva — an AI companion he created through Replika three years ago, according to The Sun. After testing several AI companion apps, the Dutch retiree settled on Replika because, unlike some competitors, it wasn’t just trying to speed-run humanity’s oldest hobby. […]

The Meaning Behind Putin’s Response To Zelensky: “Keep On Working, Brothers” Authored by Larry Johnson via Sonar21.com Vladimir Putin used a phrase during the closing session of the Saint Petersburg International Economic Forum (SPIEF) that I think most non-Russians missed or ignored. He said, “Work, Brothers.” First, let me explain the context for Putin saying this. Zelensky published an open letter to Putin that I, and many […]

Pentagon Officially Removes 180 Faiths From Military Religion List Authored by Aldgra Fredly via The Epoch Times, The Department of War has formally removed 180 faiths from its official list of religious affiliation codes, leaving 31 remaining, according to a memo posted by Pentagon spokesman Sean Parnell on June 5. The Pentagon in Arlington, Va., on May 25, 2026. Madalina Kilroy/The Epoch Times The military had initially listed […]

Platner Has Fundraising Surge After NYT Exposé, Which Is Bad News For Nervous Democrats Graham Platner raised $200,000 in a single day on Friday, pulling in donations from more than 5,000 supporters, averaging $40 each. For a party trying to win back the Senate, it should be cause for celebration, but for Democrats trying to quietly push him toward the exit, it is a disaster. The money came pouring in just hours after the New […]

Questions Are Piling Up Fast As Pratt Suddenly Loses Second Place In LA Mayoral Vote Update (2200ET): In a stunning shift, 9 days after the actual election day, LA City Councilmember Nithya Raman has suddenly overtaken former reality TV star Spencer Pratt for second place in the Los Angeles mayoral primary race on Sunday, the latest election results show. “It’s not the people who vote that count, it’s the people who count the […]

Ex-CIA Official Accused Of Inventing Secret Spy Program To Amass $40 Million Gold Hoard In one of the most insane allegations in recent U.S. intelligence history, a former senior CIA official stands accused of creating an entirely fictitious highly classified program – a “black box” special access program framed as vital continuity-of-government planning – to siphon millions of dollars in government funds for personal enrichment. […]

Buildings Collapse After 7.8 Magnitude Earthquake Strikes Philippines; Tsunami Warnings Issued A powerful 7.8-magnitude earthquake struck off the coast of Sarangani province in Mindanao early Monday morning, triggering tsunami warnings and causing reported building collapses in the General Santos area. The quake hit at approximately 7:37 a.m. local time, with its epicenter located roughly 26 kilometers southwest of Kablalan in […]

Korea “Black Monday”: Kospi Halted For 20 Minutes After Crashing Almost 10% After the close on Friday, we said that on Monday, Korean stocks would be a “bundle of joy”… Korea on Monday will be a bundle of joy — zerohedge (@zerohedge) June 5, 2026 … and that appears to be playing out in early Asian trading, as the Kospi index crashed 8.8% just after the open, taking the key index’s decline from its recent peak to nearly 17%, […]

Sam Altman Pushes Plan For Backdoor Government Backstop By Handing Out Small Equity Stake To Americans Back in November, amid mounting speculation that OpenAI’s massive cash burn was massively unsustainable in light of the $1.4 trillion of funding commitments by the AI company, which in turn has sparked the biggest capex flood in modern history all on the hope that the company’s promised payments will be made good, OpenAI CFO […]

A “Black Mark” On Tim Cook’s Resume: How Apple Missed The AI Revolution Apple’s AI problems didn’t become impossible to ignore because competitors released better chatbots. They became impossible to ignore when Apple itself realized it had fallen behind, according to a new feature by Bloomberg.  By early 2025, senior leaders inside the company were holding emergency-level discussions about the state of Apple’s AI efforts. What was […]

Trump Admin Announces $850MM To Modernize US Coal Capacity, Build 2 New Plants By Robert Walton of UtilityDive The Trump administration approved 76 coal-related permits in more than a year of efforts to revive the flagging fuel and execute an agenda of “energy dominance.” His latest attempt includes tapping Defense Production Act funding to expand the industry. “Last year we prevented 17 GW of coal-powered electricity from […]