NJ Transit, Amtrak Issues Spark Travel Nightmare During Rush Hour
NJ Transit, Amtrak Issues Spark Travel Nightmare During Rush Hour NJ Transit riders are facing a travel nightmare this Friday morning: Rail service in and out of New York’s Penn Station has been abruptly suspended due to overhead wire issues. “Rail service is suspended into and out of Penn Station New York due to AMTRAK […]
Appeals Court Denies Steve Bannon’s Emergency Bid To Avoid Prison
Appeals Court Denies Steve Bannon’s Emergency Bid To Avoid Prison Authored by Zachary Stieber via The Epoch Times, A federal appeals court late on June 20 denied Steve Bannon’s emergency request to delay his prison sentence. In a split ruling, a panel of the U.S. Court of Appeals for the District of Columbia Circuit said […]
Futures Fall, Tech Rally Fades Ahead Of Record $5 Trillion OpEx
Futures Fall, Tech Rally Fades Ahead Of Record $5 Trillion OpEx US futures were slightly lower, with tech companies indicating declines as the AI-fueled rally showed signs of fading, even as tech funds had their largest weekly inflow on record, which Bank of America’s Michael Harnett said hints at “AI capitulation.” As of 8:00am ET, […]
Ukrainian Drone Swarms Target Four Russian Refineries In Major Attack
Ukrainian Drone Swarms Target Four Russian Refineries In Major Attack Brent crude futures were flat on Friday amid rising geopolitical tensions in Eastern Europe, which seems counterintuitive as escalating war risks could result in supply disruptions. In the overnight hours, four refineries in southern Russia were targeted, with one facility damaged, in one of the largest drone swarm attacks […]
“Deal’s Off”, Canadian Officials Tell China
“Deal’s Off”, Canadian Officials Tell China Via SchiffGold.com, China’s recent attempt to secure a rare earth minerals stockpile ended in failure when a competitor stepped in to snag the deal… Vital Metals, a mining firm based in Australia, announced Monday that minerals collected from its Saskatchewan-based Nechalacho Project will remain within Canadian borders. “We were […]
For The First Time Since The Financial Crisis, CMBS Investors Face Europe’s First AAA Loss
For The First Time Since The Financial Crisis, CMBS Investors Face Europe’s First AAA Loss This wasn’t supposed to happen… or rather this wasn’t supposed to happen outside of a crisis (and certainly not with stocks at all time highs). Sure, the “impossible” did happen back back in April 2020, just as the world was […]
Allstate Reports May Pretax Catastrophe Losses Of $1.4 Billion
Allstate Reports May Pretax Catastrophe Losses Of $1.4 Billion By Chad Hemenway of Insurance Journal Allstate Corp. on Thursday reported May pretax catastrophe losses of about $1.4 billion. The Northbrook, Illinois-based insurer said 14 events contributed to nearly $1.5 billion in catastrophe losses for May, with 70% attributable to five wind and hail events mostly […]
If The White House Has A ‘Strategic Avocado Reserve’, Now Might Be The Time To Dump
If The White House Has A ‘Strategic Avocado Reserve’, Now Might Be The Time To Dump Bloomberg obtained a notice earlier this week from the United States Department of Agriculture (USDA) stating that some imports of Mexican avocados from the Michoacan region will be suspended after two agency workers were reportedly assaulted and detained by assailants. USDA […]
EU To Ban Re-Export Of Russian LNG
EU To Ban Re-Export Of Russian LNG Authored by Tsvetana Paraskova via OilPrice.com, The European Union is set to ban the re-export of Russian LNG in the bloc’s waters in a first sanctions measure targeting Russia’s gas, EU diplomats told Reuters on Thursday. The EU has been debating the 14th sanctions package against Russia over its invasion of […]
The US Drops Out Of Global Competitiveness Top 10 For First Time Ever
The US Drops Out Of Global Competitiveness Top 10 For First Time Ever Singapore, Switzerland and Denmark have been named the world’s most competitive economies in the 2024 World Competitiveness Ranking published by the International Institute for Management Development (IMD) on Tuesday. While Denmark dropped two spots after topping the list in 2022 and 2023, Singapore leapt […]