Del Monte Bankruptcy Won’t Spark Canned Food Shortages   Del Monte Foods, a major player in America’s canned food supply chain, has filed for Chapter 11 bankruptcy in New Jersey as part of a broader strategic restructuring effort. The company does not anticipate that the bankruptcy process will cause any disruptions to the canned food market.  The 138-year-old food company, a U.S. unit of Singapore-based Del Monte Pacific, […]

Ron Paul: A Big Beautiful Bill For The Military-Industrial Complex Authored by Ron Paul via The Ron Paul Institute, The US Senate worked through the weekend on the “Big Beautiful Bill.” The goal was to pass it quickly to ensure the House will then pass it and send it to President Trump’s desk before the July 4th holiday. However, disagreements among Republican Senators over reductions in spending on programs including […]

Japan Finally Admits Its Carmakers Have Been Paying All Trump Tariff Costs As Trade Talks Collapse Last week, we sparked a stir within the financial community when we were the first to show, clearly and without doubt, that contrary to months of false narratives by the liberal “expert” class, the costs of Trump’s tariffs are actually not borne by either US companies or US consumers, but rather by the exporting nation and its […]

Iranian Hackers Say They Have 100GB Of Trump Emails Authored by José Niño via Headline USA, Hackers claiming ties to Iran say they possess 100GB of emails from President Donald Trump’s inner circle and may soon leak or sell the trove, after previously distributing a batch to the media before the 2024 U.S. election. In online conversations with Reuters on Sunday and Monday, the hackers—who use the pseudonym […]

Not So Fast: Massie Announces He Has Enough Votes To Block ‘One Big Beautiful Bill’ In The House Update (1450ET): Are we having fun yet? Major divisions within the House threaten to derail the Big Beautiful Bill, with Speaker Mike Johnson struggling to overcome resistance by fiscal conservatives.  Earlier in the day the House appeared ready to hold a test vote, however several conservative Republicans raised objections – […]

Establishment Democrats Created The Conditions For A Socialist Victory Authored by Connor O’Keefe via The Mises Institute, Last week, democratic socialist Zohran Mamdani pulled off an upset and beat the establishment’s preferred candidate, Andrew Cuomo, in the Democratic primary for New York City’s mayoral election. The race drew a lot of attention, in part because New York City is massive, and its mayor governs over more […]

“Unacceptable” – US Officials Slam Iran’s Suspending Cooperation With UN Nuclear Watchdog Update (1430ET): That didn’t take long. US State Department officials have reportedly said that Iran’s suspension of cooperation with IAEA is “unacceptable”, adding that Iran must cooperate fully without further delay. UN spokesman Stephane Dujarric also chimed in, saying that Iran’s suspension of its cooperation with the International […]

Wisconsin Supreme Court Votes 4–3 To Invalidate State Abortion Law Authored by Matthew Vadum via The Epoch Times, The Wisconsin Supreme Court voted 4–3 on July 2 to strike down the state’s 176-year-old almost-total ban on abortion. Justice Rebecca Frank Dallet wrote the majority opinion. “We conclude that comprehensive legislation enacted over the last 50 years regulating in detail the ‘who, what, where, when, and […]

Iran Reportedly Made Plans To Litter Strait Of Hormuz With Naval Mines The U.S. launched “Operation Midnight Hammer” on June 22, deploying stealth bombers to strike Iran’s nuclear facilities at Fordow, Natanz, and Isfahan using Massive Ordnance Penetrator bombs. President Trump declared the sites were “totally obliterated.” In retaliation, Iran’s parliament voted to authorize the closure of the Strait of Hormuz—a critical […]

RFK Jr. Says Officials ‘Revolutionizing The Vaccine Injury Compensation Program’ Authored by Zachary Stieber via The Epoch Times (emphasis ours), Federal officials are working on revamping the program that provides compensation for people who suffer injuries from vaccines, Health Secretary Robert F. Kennedy Jr. said on June 30. Health Secretary Robert F. Kennedy Jr. testifies on Capitol Hill in Washington on June 24, 2025. Madalina […]

Not Just The EPA: Despite Warnings, Biden’s Energy Department Disbursed $42 Billion In Its Final Hours Authored by James Varney via RealClearInvestigations, In its last two working days, the Biden administration’s Energy Department signed off on nearly $42 billion for green energy projects – a sum that exceeded the total amount its Loan Programs Office (LPO) had put out in the past decade. The frenzied activity on Jan. 16 […]

UBS Finds Low-Income Confidence Rebounding As Dining Deferrals Diminish The U.S. restaurant industry is entering the second half of the year with renewed momentum, supported by improving sales trends, easing headwinds, and a rebound in confidence among lower- and middle-income consumers, according to a new note from UBS. This comes after lower-income consumers saw their wallets squeezed and sentiment plunged in the wake of the […]

Is Rand Paul About To Finally Nail Fauci? Authored by Steve Watson via Modernity.news, GOP Senator Rand Paul announced Monday that he intends to subpoena Anthony Fauci to testify regarding his role in the development of COVID-19.  Ironically, because Fauci accepted a ‘pardon’ from Joe Biden’s autopen, it means he cannot invoke the Fifth Amendment. This opens up the possibility of perjury charges should Fauci withhold the […]

US Halting Some Weapons Shipments To Ukraine As Own Military Stockpiles Plummet The Trump administration could finally be willing to bring real pressure to bear on the Zelensky government, as on Tuesday the White House confirmed that it its halting some weapons shipments to Ukraine. White House spokesperson Anna Kelly told CBS News that in the context of the Russia-Ukraine war the “decision was made to put America’s interests first […]

Paramount Settles Trump’s ’60 Minutes’ Lawsuit With $16M Payment – No Apology Issued Paramount Global has agreed to pay $16 million to settle a lawsuit filed by President Trump over a 60 Minutes interview with failed presidential candidate Kamala Harris, alleging deceptive edits intended to favor Democrats. The settlement includes legal fees but no direct or indirect payment to Trump; instead, the funds are allocated to his future […]

July 4th Gas Prices Lowest In 4 Years Authored by Wesley Brown via The Epoch Times, Nearly 72 million people are expected to travel during the Fourth of July holiday, likely leading to crowded highway traffic and congested airports across the United States. However, holiday travelers should also see lower gas prices and airfares as they go to their Independence Day destinations, experts say. Nationally, AAA Travel, the […]

Trump Announces Trade Deal With Vietnam; Includes 20% Tariffs, 40% Tax On Transshipping With just one week left until the July 9 trade deal deadline, which some suspect could have a similar adverse impact on markets as the first Liberation Day – even if stocks are completely oblivious to the risk – moments ago Trump gave a stark reminder just how high the trade stakes are when he announced that the US has made a trade deal with […]

Centene Crashes Most On Record, Sparks Selloff In Managed Care Stocks Update (1100ET): Centene, one of the largest health insurers in the U.S., crashed in early trading in New York after withdrawing its 2025 guidance, citing new data from an independent actuarial firm that revealed weaker-than-expected trends in its Affordable Care Act marketplaces and mounting Medicaid costs. Shares in New York crashed as much as 40% by 10:30 […]

Tariff Derangement Syndrome(s) By Michael Every of Rabobank Stocks continued to hit all-time highs yesterday even as the balance of op-eds in financial media talk about the collapse of the liberal world order and threats to liberal democracy itself. Both can be true simultaneously, but caveat emptor on the asset and op-ed side. German stocks sold off when Hitler assumed power then rallied until the Battle of Stalingrad… at which […]

“Thank You, Thank You”: Sean Combs Celebrates After Jury Convicts On Lesser Counts After an eight-week trial, hip-hop mogul Sean Combs quietly celebrated in a Manhattan courtroom after a jury convicted him of two lesser counts of transportation to engage in prostitution – but spared him when it came to the most serious charge against him – sex trafficking and racketeering conspiracy, in a case that accused the impresario of […]

WTI Rebounds As ‘Tank Bottoms’ Loom At Cushing Hub After Big Draw Oil prices have pumped and dumped this morning as traders turn their focus to a key OPEC+ production decision and this morning’s official supply and production data (following a big draw at the Cushing Hub reported by API overnight).. “Crude oil prices remained roughly unchanged week-on-week as the market focus shifts from the ceasefire in the Middle East to […]

20 States Sue Trump Admin Over Release Of Private Medicaid Data To Homeland Security Authored by Katabella Roberts via The Epoch Times, A coalition of 20 state attorneys general filed a lawsuit against the Trump administration on July 1, challenging its decision to hand over the personal data of some Medicaid enrollees to the Department of Homeland Security (DHS), which oversees Immigration and Customs Enforcement (ICE). The […]

Microsoft To Cut 9,000 Jobs In Second Major Layoff Wave Seattle Times business reporter Alex Halverson just published a breaking story on Microsoft’s latest wave of layoffs, which will affect up to 9,100 employees—roughly 4% of its 228,000-person workforce. The move is part of a broader cost-cutting and restructuring effort. Halverson provided more color:   Microsoft is kicking off its fiscal year by firing thousands of […]

There’s A Lot Of Honest Pain Out There Submitted by QTR’s Fringe Finance Yesterday, someone left a comment on my post about Zohran Mamdani that stuck with me in a way few internet comments ever do. It wasn’t defensive or hostile—it was sobering. The commenter challenged me, not to just oppose Mamdani’s ideology, but to think about why his message resonates at all. Here’s what they said: “You really ought to ask […]

Tesla Deliveries In-Line, Production Beats As Musk Takes Over Sales In US And Europe After Key Exec Departs Tesla’s Q2 delivery numbers came in at 384,122 vehicles, just below the estimate of 389,407. While estimates had been lowered multiple times, the number is still better than whisper numbers as low as 350k or 360k that were starting to make their way around the street over the past week. As a result, Tesla stock has popped […]