Container Ship Sinks In Hormuz After Iranian Strike Last Month; UBS Gives Latest Strait Update The Egyptian-owned, Maltese-flagged container ship Safeen Prestige (IMO: 9593517), which was damaged in the first week of the U.S.-Iran conflict following an Iranian strike, has reportedly sunk in the Strait of Hormuz. According to Bloomberg, Pakistan’s hydrographic service said the container ship sank last week, leaving only an oil slick […]

Exposing The FBI’s Human Experimentation Studies Authored by Ryan Lovelace via Racket News, “You’re only going to create a real problem for an FBI employee if you call ‘em direct this way.” Senior FBI official Thomas Gregory Motta was upset that I dared to call him to talk about the bureau’s hidden experiments on humans. He joined the bureau in 1998 and was promoted to the FBI’s senior ranks nearly 20 years ago. […]

Kanye West Banned From UK: Wireless Festival Cancelled After Home Office Revokes Travel Authorization The UK Home Office has barred Kanye West (aka Ye) from entering the country, ruling that his presence “would not be conducive to the public good.” The decision, made hours after he received an initial Electronic Travel Authorisation (ETA) on Monday, has triggered the immediate and complete cancellation of Wireless Festival, […]

The Left Is Baffled – But Still Repulsed – By The White Working Class Authored by Victor Davis Hanson via American Greatness, After failing to win Congress and the presidency in 2024, the Democrats conducted an internal postmortem of what went wrong. While they predictably did not divulge the full results, everyone knew what they had found. Their obsessions with the low side of 30/70 issues had especially alienated Democrats […]

Consumer Credit Grows Less Than Expected On Subdued Credit Card Usage While the monthly jobs report has become a veritable economic random number generator, with every monthly print coming either well below or above the forecast stack, the weekly initial claims report has become its foil – a study in boring reporting, with numbers barely budging week to week, and usually falling right on top of Wall Street estimates. A similar […]

Tehran-Aligned Militia In Iraq Frees American Journalist In Prisoner Swap An Iran-backed militia in Iraq has announced it will release an American freelance journalist kidnapped in Baghdad a week ago. Shelly Kittleson was abducted on March 31, and her captors in Kataib Hezbollah announced Tuesday that she can go free as long as she exits Iraq immediately. Abu Mujahid al-Assaf, a security official in the group, has been cited in […]

Pakistan Prime Minister Offers Last Ditch Olive Branch Plan, Hours Before Trump’s ‘Whole Civilization Will Die Tonight’ Deadline Summary:  Trump: “A whole civilization will die tonight, never to be brought back again.” Axios cites “glimmer” of progress on negotiations. Prime Minister Shehbaz Sharif introduces last minute olive branch extension plan, hoping that the US will avoid its decimation campaign. In a call with […]

Antares Earns DoE’s First Ever Microreactor Approval As Modi Heralds ‘Defining Step In India’s Nuclear Energy Journey’ Antares Nuclear reached the most significant regulatory milestone to date for a microreactor. The company announced that its Mark-0 reactor became the first advanced reactor to receive Department of Energy approval for a Documented Safety Analysis under the new DOE-STD-1271.  DSA approved. ✅ Antares is the […]

Oil, Inflation, & Recession Authored by Charles Hugh Smith via OfTwoMinds blog, It’s not the price of oil per se that triggers recession, it’s the underlying vulnerabilities that have been cloaked with happy story narratives to keep the game going. Recessions don’t require a spike in the price of oil/gasoline, but spikes in energy prices trigger recessions. This makes sense, as hydrocarbons are the foundation of every […]

Petrochemical Supply Shock Begins Idling Asian Factories For weeks, we mapped out for readers how the Gulf energy shock dominoes would fall, spreading outward from the Middle East and striking Asia first through tightened energy-product flows that risk destabilizing the global economy. That transmission of tightening energy flows is now becoming alarmingly visible on factory floors across Asia. Goldman analysts, led by Georgina […]

Tucker Carlson Urges U.S. Officials To Defy Trump On Iran Orders: “Say No, Absolutely Not” Tucker Carlson has publicly called on White House aides and Pentagon officials to refuse President Donald Trump’s orders if they involve mass attacks on Iranian civilians or the possible use of nuclear weapons, telling them to “say no, absolutely not” directly to the president and, if necessary, to “figure out the codes on the football […]

Battle Of Narratives: Bloomberg Counters Nikkei Asia’s Foldable iPhone Delay Report Summary:  Bloomberg counters Nikkei Asia’s reporting on possible foldable iPhone delays Nikkei Asia says the foldable iPhone has hit “engineering snags,” with shipment delays possible Polymarket odds of a foldable iPhone release this year stand at 81% Bloomberg counters Nikkei Asia’s reporting Hours after Nikkei Asia reported that […]

Stellar 3Y Auction: 2nd Most Foreign Buyers On Record, Highest Stop Through Since Feb 2025 After several weeks of decidedly ugly auction which saw a notable drop in foreign demand amid what we reported a week ago was rampant selling of US debt by foreign central banks, moments ago the Treasury sold 3Y notes in what may have been the best auction since the start of the war. Just after 1pm, the US treasury sold $58BN in 3Y notes at a […]

Trump Endorses Steve Hilton In California Gubernatorial Primary Authored by Dave Mason via The Center Square, President Donald Trump has endorsed former Fox News anchor Steve Hilton in California’s Republican gubernatorial primary. Trump picked Hilton over the other prominent GOP candidate – Riverside County Sheriff Chad Bianco, who is an outspoken Trump supporter. Sunday night’s endorsement on social media comes […]

Russia, China Veto UN Res Authorizing Military Force To Reopen Hormuz Strait On Tuesday a UN Security Council resolution on opening the Strait of Hormuz failed due to Russia and China vetoing it. It was drafted by Bahrain and authorized countries to use military force if necessary to open the strait for the free flow of shipping and commerce. The resolution garnered 11 votes in favor, but permanent veto-wielding members China and […]

NY Fed: Inflation Expectations Jump, Driven By Surging Gas Ahead of Friday’s CPI report, inflation fears are already rising, with the NY Fed’s latest monthly survey of consumer expectations reporting that Inflation expectations at the one-year horizon were higher at 3.42% in March from the previous month’s 3.00%, matching the highest since April ’25. Inflation expectations also increased by 0.1% to 3.1% at the three-year-ahead […]

IMF Panics, Warns Tokenization Could Bring Crypto Risks Into Global Financial Markets Authored by Francisco Rodrigues via CoinDesk.com, Tokenization could reshape finance by enabling instant settlement and cutting out intermediaries, and introduces new risks that regulators are not yet equipped to manage, the IMF said. Tokenization could amplify volatility through automated markets and smart contracts, the report said. […]

VP Vance Visits Hungary To Support Orban Ahead Of Election, Blasts EU “Interference” Authored by Kimberley Hayek via The Epoch Times, U.S Vice President JD Vance arrived in Budapest on April 7 for a two-day visit aimed at bolstering Hungarian Prime Minister Viktor Orban’s campaign, ahead of Hungary’s parliamentary elections on April 12. Vance and his wife, Usha Vance, were greeted at the Budapest airport by Hungarian Foreign […]

Trump Calls Artemis II Astronauts After Record-Breaking Flight Around The Moon Authored by T.J.Muscaro via The Epoch Times, For the first time in more than 50 years, the president of the United States had a phone call with astronauts around the moon. President Donald Trump spoke with the crew of Artemis II on April 6, shortly after they completed their historic, record-breaking flight around the moon, saying he wanted to be the […]

Today Is “Bridge Day” By Benjamin Picton, Senior Market Strategist at Rabobank As traders return from the Easter break markets are again counting down to an ultimatum deadline set by President Trump. Trump took to Truth Social over the weekend to warn the Iranian regime to make a deal, threatening that Tuesday will be “Power Plant Day” and “Bridge Day” where infrastructure of that kind will be targeted by American forces if […]

Gunmen Attempt To Storm Israeli Consulate In Istanbul Terror Attack Israel’s foreign ministry confirmed that on Tuesday there was a “terrorist attack on the Israeli Consulate in Istanbul” and has thanked Turkish security forces for stopping it before the attackers were able to make it into the building. “We appreciate the Turkish security forces’ swift action in thwarting this attack,” a statement from the ministry on X said. It […]

Trump, Rubio Eye Visa Revocations For Nearly 4,000 Iranian Elites Living In America Podcaster Katie Miller, who is also the wife of White House Deputy Chief of Staff Stephen Miller, said on Fox News overnight that the Trump administration and the State Department, under Secretary Marco Rubio, are planning to revoke the visas of thousands of Iranian elites living in the U.S. “You look at the UK, and look what Keir Starmer has in his […]

US Core Durable Goods Orders Surge For 11th Straight Month After recent string ‘soft’ survey data, this morning we get some ‘hard’ data and it’s mixed…ish… Preliminary headline durable goods orders for February fell 1.4% MoM (worse than the -1.2% MoM exp). That is the third monthly decline in a row (the first 3-month decline since Nov 2019) Source: Bloomberg The monthly decline of the headline print largely reflected a […]

Futures Slide, Oil Jumps After US Attacks Kharg Island Ahead Of Trump’s 8pm Iran Deadline US futures reversed earlier gains and oil advanced following reports that Iran’s Kharg island was targeted earlier on Tuesday, while the market was largely paralyzed ahead of Trump’s 8pm ET deadline for Iran to agree to a ceasefire or face escalation. As of 8:00am ET, S&P futures are down 0.4%, and Nasdaq futures slide 0.6%. In premarket […]

Polymarket Unveils Exchange Overhaul, Native Stablecoin As US Expansion Looms Authored by Micah Zimmerman via Bitcoin Magazine, Bitcoin and crypto focused prediction market platform Polymarket is preparing its most significant infrastructure upgrade to date, rolling out a rebuilt trading system alongside a new native stablecoin designed to replace bridged collateral and streamline on-chain activity. The […]