China Signals Strong Support For Pakistani Offer To Host US-Iran Peace Talks China has made clear that it condemns the US-Israeli attack on Iran, saying the war should have never started, but is now signaling strong support to Pakistani-mediated efforts at finding peace. Beijing has commented on the Pakistani offer to host US-Iran talks aimed at ending the war, with Chinese Foreign Ministry spokesman Lin Jian telling reporters in […]

Iran Rejects US Proposed Ceasefire, Counters With 5 Conditions, Prepared To Escalate In Bab al-Mandab Strait Summary Iran Does Not Accept Ceasefire, Issues 5 Conditions, Says US Talks Illogical. The statement says that talks are not viable in current conditions, oil rising. 3,000 elite Army Airborne soldiers & Marines still en route after Trump said Monday says Iran has been destroyed “militarily”.  Iran is […]

In Win For Putin, India Buys 60 Million Barrels Of Russian Oil, As Refiners Increasingly Transact In Yuan, Dirham Indian refiners have bought about 60 million barrels of Russian oil for delivery next month, which is set to ease some supply concerns as the Middle East war chokes flows. Citing people familiar, Bloomberg reports that the cargoes were booked at premiums of $5 to $15 a barrel to Brent. The volume is similar to the […]

Meta To Lay Off Hundreds Of Workers Today As AI Pivot Accelerates Meta Platforms is laying off a few hundred employees today as its workforce restructuring continues, following years of terrible metaverse bets and overhiring during the Covid era. Reports of another round of layoffs surfaced earlier this month, and just last week, Meta shut down Horizon Worlds, its virtual reality social network for Quest headsets. The Information […]

US Has Been Engaged In Major Airstrikes On Pro-Iran Paramilitaries In Iraq Authored by Dave DeCamp via AntiWar.com, Iraq’s Popular Mobilization Forces (PMF) said Tuesday that US airstrikes in Anbar, western Iraq, killed 15 of its fighters, including a senior commander. “In a blatant and cowardly attack, the commander of the Anbar Operations in the Popular Mobilization Forces, Saad Dua al-Bayji, was martyred along with a group […]

Supreme Court Limits ISPs’ Liability For Online Piracy The Supreme Court on Tuesday sharply curtailed when internet service providers can be held liable for copyright infringement committed by their subscribers, handing a major victory to broadband companies and dealing a setback to Sony Music Entertainment and other major labels seeking to combat online piracy. In a 7-2 decision (with Justices Sotomayor and Jackson concurring […]

Democrats Flip Trump’s Mar-a-Lago District In Florida Special Election Upset Democrats flipped a reliably red Florida state House seat that includes President Donald Trump’s Mar-a-Lago estate on Tuesday, scoring a narrow but symbolically significant victory in a special election that drew national attention. Democrat Emily Gregory defeated Trump-endorsed Republican Jon Maples in House District 87 by just over 2 percentage […]

WTI Steady After Biggest Cushing Crude Build In 3 Years; Imports From Venezuela Highest Since 2019 Oil prices remain lower this morning, following the US proposal for a ceasefire with Iran, but off the lows following Iran’s rejection. “From the Iranian perspective, Trump’s actions this week have demonstrated that the US can be pressured when Iran threatens further escalation,” said Arne Lohmann Rasmussen, chief analyst at A/S […]

Both Sides’ Starting Ceasefire Positions Are: “We Won, You Surrender” By Michael Every of Rabobank Don’t screen yourself off from reality Today starts with markets in a positive mood, stocks up in Asia, bond yields down slightly, and Brent oil down around 7% to $97.5. Yet don’t screen yourself from reality. As underlined before, the price of energy on a screen currently has no relation to its actual availability in different […]

Trapped: The Private Credit Exit Door Has Been Locked And Sealed Shut Submitted by QTR’s Fringe Finance While headlines are fixated on the Iran war and today’s “feel good” market rally, it is worth noting that beneath the surface, hours ago credit markets just got worse. The latest example comes from Apollo, which has been forced to put the brakes on investor withdrawals from one of its largest retail focused funds, […]

Goldman Sees Risk Of Food Price Spike Amid Fertilizer Disruption The conversation grows louder by the day as disruption at the Hormuz chokepoint hits the global nitrogen fertilizer market and, in turn, is set to impact upcoming corn and grain harvests in some key growing regions. Goldman commodity analysts Lina Thomas and Daan Struyven penned a note on Tuesday warning clients that chokepoint risks in the Strait of Hormuz may […]

‘Cuba Next!’: 1000s Rally In Favor Of American Intervention In Communist Island Nation Authored by Troy Myers via The Epoch Times, Thunderous chants of “Cuba next,” “patria y vida,” and “libertad” echoed from thousands of Cuban Americans in Hialeah, Florida, on Tuesday evening at a rally for a post-regime Cuba. “Patria y vida means that we get to have our country and also have life,” one of the attendees, Venus […]

‘RAMped!’: Memory Cost Spike Sparks Surge US Import Prices As we have noted numerous times in the last week or two, inflation fears are back (or rather stagflation) as growth stagnates and prices re-accelerate… This morning we get yet more confirmation of the second wave of inflation as US Import/Export prices blew expectations away… US Import prices jumped by 1.5% MoM (the third monthly rise in a row) – the biggest MoM […]

UFO ‘Gatekeeper’ General Vanishes Days After Trump’s Full Disclosure Order Authored by Steve Watson via modernity.news, President Trump’s order to release every UAP and UFO file appears to have triggered a wave of vanishings and deaths among the very insiders who guarded those secrets — and now Congress is being actively blocked from investigating. The general is retired Maj. Gen. William Neil McCasland, former commander of […]

Stock Futures Surge, Oil Tumbles On Iran Ceasefire Optimism US futures are sharply higher and oil tumbles as the US reportedly offered a15-point plan to help bring the conflict to a close triggering a global rally; Meanwhile Iran is said to have rejected the plan and kept up missile and drone attacks on Israel and Arab Gulf states in response to attacks on its own facilities, while the US continues to move new military assets into […]

TACO Vs TAW: Fade This (Equity) Rally Authored by Peter Tchir via Academy Securities, Ceasefire? The U.S., via Pakistan, and apparently consistent with negotiations being carried out by Witkoff and Kushner, has delivered a 15 point agreement for a ceasefire. Markets responded with oil down (Brent futures, at 5:30 am are back down below $100, from a high of $105 on Tuesday). Stock futures and treasuries are rebounding as well […]

Russia Launches Largest One-Day Drone Blitz Of Ukraine War At least seven people were killed in Ukraine on Tuesday after Russia launched a truly massive drone attack that’s said to be the largest of the four-year war. Counting both drones and cruise missiles, 979 warheads poured into Ukrainian airspace as diplomatic efforts at ending the war remain stalled and the world’s attention focused almost entirely on the US-Israeli war on […]

Days After Trump Delays Xi Summit, Chinese Carrier Unveils 101-Jet Airbus Deal Days after President Donald Trump delayed a planned meeting with Chinese President Xi Jinping over the now 26-day-old U.S.-Iran conflict, one of China’s top state-owned airlines unveiled a major narrow-body aircraft deal with Airbus. China Eastern Airlines announced a $15.8 billion deal for 101 Airbus A320neo aircraft on Wednesday, with deliveries […]

Italy Cuts Fuel Taxes As Iran Crisis Drives Oil Higher; Germany Refuses Relief Despite Windfall Submitted by Thomas Kolbe A robust market economy unfolds its maximum absorption capacity precisely during external shocks. In such cases, policymakers would essentially only need to sit still, as the storm clouds usually pass on their own—true to the principle that high prices are the cure for high prices. This, of course, only […]

Oil Tumbles, Stocks Surge As Israeli TV Reports US Seeks ‘One Month Ceasefire’; Tehran Refuses Talks With ‘Backstabbers’ Summary US seeks a one-month ceasefire with a framework to end the war, according to Israel Channel 12 reports; Telegraph says Iranians see Witkoff and Kushner as ‘backstabbers’ WSJ, Fox reporting 3,000 elite Army Airborne soldiers to be ordered to Middle East. Axios says US awaits Iran response to […]

Britain’s Countryside Is Still Racist Authored by Steve Watson via Modernity.news, The National Trust’s director-general has declared that Britain’s countryside remains unwelcoming to ethnic minorities, blaming everything from clothing choices to ignorance of basic rural etiquette.  This isn’t some fringe activist rant — it’s official policy from the charity tasked with protecting the nation’s heritage, straight out […]

Volkswagen May Convert German Auto Plant Into Iron Dome War Factory Struggling German automaker Volkswagen may soon begin transforming its Lower Saxony factory from producing T-Roc Cabriolets to manufacturing parts for the Iron Dome missile interceptor system, according to a new Financial Times report. This reveals a new reality for the West: a nation’s auto industry can become a dual-use industrial base in times of conflict. FT […]

EU and Australia Seal Trade Deal Amid Strategic Resource Concerns Submitted by Thomas Kolbe It took an astonishing eight years before the European Union and Australia were able, at the beginning of the week, to agree on a joint trade agreement. What EU Commission President Ursula von der Leyen and Australian Prime Minister Anthony Albanese presented in Australia’s capital Canberra represented a far-reaching reduction of direct […]

“Changed My Entire Life”: Top OnlyFans Creators Mourn Death Of Billionaire Founder Top OnlyFans creator pornstar Sophie Rain, who has earned tens of millions of dollars on the adult content platform over the last several years, mourned the death of OnlyFans owner and billionaire Leonid Radvinsky on Monday. Rain, one of the platform’s highest earners who has reportedly grossed over $100 million since 2023, thanked Radvinsky for […]

Being A Pedophile Now Not Enough To Warrant Deportation Authored by Steve Watson via Modernity.news, A convicted paedophile migrant who failed to disclose his child sex offence when applying to stay in Britain has won an appeal against deportation – because a judge ruled the omission was simply an “honest mistake.” YES, REALLY. Edi Cardoso Ramos, who was convicted in Portugal of molesting a five-year-old child, can now […]