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Update(1227ET): More details have emerged of Wednesday’s Storm Shadow missile attack from Ukraine on Russia. This marks the first authorized known use of the long-range weapon in a cross-border attack. Previously the British government restricted use to within the Ukrainian battlespace, in the Donbass for example. Russian war correspondents have confirmed that “A missile’s flight was […]
Who says we don’t make things in America anymore? Not Peter Cancro. He got his start making sandwiches back in 1975 when he began working at Mike’s Subs in Point Pleasant, New Jersey, in 1971 as a 14-year-old high school football player, despite being too young to legally use the meat slicers. At 17, with […]
Submitted by QTR’s Fringe Finance To some degree, it’s expected that an outgoing administration would try to get as many of their policy initiatives through before the next administration takes hold of the reins on January 20. But what can be said about the Biden administration’s sudden urge to approve Ukraine’s use of U.S.-provided missiles […]
Crude prices are extending recent gains this morning – albeit modestly – as geopolitical risk premia are rebuilding amid missiles flying in Russia, MidEast tensions continuing, and Biden seems set on WW3 as his legacy. Last night’s API report showed a larger than expected crude inventory build and traders are on the lookout for whether […]
By Michael Every of Rabobank What, me worry? Bloomberg went with a one-word headline in Asia this morning: “Escalation”, which was what I said on Monday while proposing it might be to de-escalate in places. Bloomberg then shifted to “Shambles” to complain ‘Chaos in Rio Shows a World Untethered Even Before Trump Returns’, referring to […]
Comcast on Wednesday announced that it will move forward with plans to spin off its NBCUniversal cable TV networks – including MSNBC, CNBC, USA, Oxygen, E!, Syfy and the Golf Channel. (of course a season 2 Firefly reboot might have saved the whole thing… hint to the new buyer). All together, the assets generated around […]
Authored by Steve Watson via Modernity.news, The newly formed Department of Government Efficiency has shared some examples of the kind of obscene government waste that it will abolish. The X account of the department shared a video of Senator Rand Paul highlighting absolutely mental programs and studies that the US government has funded recently. One […]
Ukraine’s armed forces fired British cruise missiles at military targets inside Russia for the first time, a Western official familiar with the matter said. As Bloomberg reports, the strikes using Storm Shadow missiles were approved in response to Russia deploying North Korean troops in its war against Ukraine, a move by Moscow that the UK […]
The current consumer environment is very dire for households making less than $100k a year, with the surge in the trade-down phenomenon—driven by both wealthy and low-income consumers grappling with record credit card debt and sliding personal savings—solidifying Walmart’s dominance as ‘America’s low-cost budget retailer,’ quickly eroding market share from competitors like Target and Dollar General […]
Washington appears fully aware it has poked the Russian bear, after President Biden greenlighted Ukraine striking Russian territory with long-range missiles. US officials have warned Wednesday that “potential significant air attack” on Kiev is likely coming, and have announced the closure of the US Embassy in the capital “out of an abundance of caution”. This […]
