Capping Crypto Week: All You Need To Know About The Three Crypto Bills Passed By Congress On Thursday, July 17, capping off what was dubbed “Crypto Week” by Congress, the US House just passed three digital assets related bills. Here is a breakdown of all that was passed: The GENIUS Act: The Senate’s stablecoin bill, by a vote of 308-122.  By bringing regulatory clarity to the asset class, the law is expected to stimulate […]

Nasdaq Files Application To Add Staking For BlackRock iShares ETH ETF Authored by Vince Quill via CoinTelegraph.com, The Nasdaq stock exchange filed an application with the US Securities and Exchange Commission (SEC) on Wednesday on behalf of BlackRock to add staking to the asset manager’s iShares Ether exchange-traded fund (ETF). If the application is approved, the fund would give investors exposure to staking rewards […]

Pope Leo Under Fire For ‘Vague’ Statement On Israel’s Bombing Of Gaza Catholic Church Via Middle East Eye Pope Leo is facing growing criticism over his response to an Israeli air strike on the only Catholic church in the Gaza Strip on Thursday, which killed three people and wounded several others, including a pastor.  The Latin Patriarchate in Jerusalem confirmed that Father Gabriel Romanelli was among the wounded and said […]

4 Oil Market Myths That Just Won’t Die Authored by Tsvetana Paraskova via OilPrice.com, Despite claims of energy independence, the U.S. remains a net crude oil importer, though it is a net petroleum exporter overall. Oil prices are influenced by a complex interplay of supply, demand, and geopolitical events, not solely by OPEC or U.S. presidents. While renewables are growing, oil is not expected to be entirely replaced […]

Brazil’s Ex-President Bolsonaro Ordered To Wear Ankle Monitor: “Meant To Utterly Humiliate Me” For Trump Ties The man called among many “The Brazilian Donald Trump” or also the “Trump of the Tropics” is continuing to endure a drawn-out legal saga, to which he has newly responded, “This is meant to utterly humiliate me.” The other side alleges foreign meddling and inviting Trump’s interference in national affairs, especially vital […]

FDA To Halt Sarepta’s Gene Therapy Drug Shipments Over Deaths Update (1342ET): Shares of Sarepta Therapeutics are trading once again after a volatility halt around lunchtime in New York. The stock is down 35%, hitting the lowest level since 2015, following news of a third patient death linked to its gene therapy drug, Elevidys, which treats Duchenne muscular dystrophy. All reported deaths involved acute liver failure. Fast […]

Trump Administration Officially Defunds CA’s High Speed Rail Authored by Kenneth Schrupp via The Center Square, The Trump administration officially terminated its funding of California’s 171-mile high speed rail segment in the state’s more sparsely populated Central Valley, citing an inability to complete the project by the 2033 deadline. The administration also noted there’s no plan for closing a $7 billion funding […]

Goldman Gains “Deeper Appreciation” For Dell’s AI Servers After Investor Trip To Headquarters  Dell has secured its position as a major player in the AI infrastructure space. Earlier this year, the company secured a $5 billion deal to supply advanced AI servers to Elon Musk’s xAI, powering the startup’s next-generation and ever-expanding AI compute workloads. Dell also recently signed a deal with AI hyperscaler CoreWeave to deliver […]

Trump Eyes Executive Order To Open Up Retirement Funds To Crypto; Report Authored by Stephen Katte via CoinTelegraph.com, US President Donald Trump is reportedly set to sign an executive order that could allow American 401(k) retirement plans to invest in alternative assets outside of stocks and bonds, such as cryptocurrencies.  The executive order could be signed sometime this week, the Financial Times reported on Thursday, […]

Kremlin Blasts ‘Hostile’ US Talk Of NATO Quickly Seizing Kaliningrad Russia has blasted recent comments by a top US general who boasted about NATO’s claimed ability to swiftly capture the Russian Baltic exclave of Kaliningrad if the military action is deemed necessary. Kremlin spokesman Dmitry Peskov said on Friday that “NATO is an instrument of confrontation, it is a bloc that is hostile towards our country” – in a press briefing. […]

Transparency By Molly Schwartz, Cross-Asset Macro Strategist at Rabobank Yesterday, G-20 finance ministers congregated in South Africa, though several delegates were noticeably absent, like Scott Bessent from the US. Bessent, of course, wasn’t playing hooky alone, as other truants included counterparts from Argentina, Australia, and France. That said, Bessent’s empty seat garnered special attention as the United States is not […]

Three Dead In Explosion At Los Angeles Sheriff’s Training Facility Details are scant, but what we know so far is that three people are dead following an apparent explosion at a Los Angeles County Sheriff’s Department training facility in East Los Angeles. That large Los Angeles County facility—just east of downtown—was the site of the explosion about an hour ago. Three people have been killed. Now, some critical information […]

Stephen Colbert’s “Late Show” Cancelled By CBS There is something inherently dishonest about comedians posing as political commentators.  The trend, launched by Jon Stewart in 1998 when he took over The Daily Show, harnesses comedy to disarm viewers, making them more susceptible to suggestion.  This isn’t such a bad thing when comedians tell the truth, but what about when they lie? Furthermore, figures like Jon Stewart (and […]

Bondi, Burgum Visit Alcatraz Amid Plans To Reopen It As Prison Authored by Aldgra Fredly via The Epoch Times (emphasis ours), Attorney General Pam Bondi and Interior Secretary Doug Burgum visited the former federal prison Alcatraz in California on July 17, following President Donald Trump’s order to reopen the island prison to house the nation’s most dangerous criminals. Alcatraz, the former prison, in San Francisco, on April […]

Illegal Immigrant Accused Of Faking ICE Kidnapping To Solicit Donations Authored by Jill McLaughlin via The Epoch Times (emphasis ours), An illegal immigrant living in South Los Angeles faces federal charges for allegedly falsely claiming she had been kidnapped by federal immigration agents in a fast food restaurant parking lot, the U.S. Attorney’s Office reported July 17. The badge of a U.S. Immigration and Customs Enforcement […]

UMich Sentiment Surges Higher As Inflation Expectations Plunge Following June’s bounce, preliminary July data from UMich’s Sentiment survey was expected to continue rebounding… and it did. The headline sentiment index rose from 60.7 to 61.8 (above the 61.5 exp) with a big bounce in Current Conditions (from 64.8 to 66.8) and a small rise in future expectations from 58.1 to 58.6. All better than expected and all at their highest […]

Goldman, UBS Encouraged By Burberry’s Turnaround Momentum After Earnings Print  The global luxury market remains under pressure across all major regions—from Asia to Europe to the U.S.—but one brand may be turning a corner. British trench coat maker Burberry has been undergoing a multi-quarter turnaround, showing early signs of a potential bottoming out. A sustained recovery, however, will depend on consumer sentiment holding […]

Pumping The Brakes On Alternative Energy Authored by Gary Abernathy via The Empowerment Alliance, The Trump administration’s impressive efforts to reboot traditional, reliable energy in the U.S. are a godsend not only for Americans but for people around the world. Whether reversing Biden-era prohibitions against offshore drilling or fast-tracking permits for natural gas exploration and extraction, President Trump’s devotion to […]

Crypto Market Cap Tops $4 Trillion As House Passes All 3 ‘Crypto Week’ Bills In a decisive move for the future of Bitcoin and crypto in the United States, the House of Representatives has officially passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act,  , and the Anti-Central Bank Digital Currency (CBDC) Act.  As Bitcoin Magazine reports, all three bills are backed by President Donald […]

Renter Nation Returns: Surge In Multi-Family Unit Starts & Permits Saves US Housing Market Despite homebuilder confidence in the toilet (and Pulte’s daily calls alongside Trump for lower rates), US Housing Starts and Permits surprised to the upside in June. Housing Starts jumped 4.6% MoM (+3.5% MoM exp), rebounding from May’s 9.7% MoM tumble. Building Permits rose 0.2% MoM (-0.5% MoM exp), also rebounding from May’s 2.0% […]

Futures Flat With $2.8 Trillion In Options Set To Expire US equity futures are flat even as the global equity rally extended into Europe, following Friday’s gains in Asia and Thursday’s record close on Wall Street. As of 8:00am, S&P futures are unchanged while Nasdaq 100 futures rise 0.1% after NFLX had a solid report, but market reactions were muted amid high expectations. Europe’s Stoxx 600 initially rose 0.4% but has […]

Chevron Clears Final Hurdle To Hess Megadeal After Winning Exxon Arbitration Shares of Chevron and Hess climbed in premarket trading in New York after the International Chamber of Commerce (ICC) in Paris rejected Exxon Mobil’s attempt to block Chevron’s $53 billion acquisition of Hess.  An arbitration panel from the ICC dismissed Exxon’s claim that it had the right to preempt the Chevron-Hess deal due to its existing stake in […]

“False, Malicious, Defamatory” – Trump Demands Unsealing Of Epstein Files, Threatens Lawsuit After WSJ Hit Piece Donald Trump sent notorious sex-trafficker Jeffrey Epstein a bawdy birthday letter with a drawing of a naked woman, an acknowledgement that the two “have certain things in common,” and a wish for “every day [to] be another wonderful secret,” the Wall Street Journal reported on Thursday evening, citing “documents” that its […]

EU Rolls Out Toughest Oil Sanctions Yet On Russia In 18th Round Brent crude futures rose earlier after the European Union approved its 18th round of sanctions against Russia over the war in Ukraine. However, with a multi-year track record of Western sanctions—and repeated predictions by their leaders that Moscow would collapse due to lost oil revenue—the question now is: What makes this package so different this time around?  […]

What Could Possibly Go Wrong? New York Democrats—and the broader party in desperate need of a course correction—continue to double, triple, and even quadruple down on all things woke. They’ve now taken it a step further by openly cheerleading socialism and Marxism. This increasingly radical un-American direction, backed by a network of dark money-funded NGOs, has even drawn criticism from prominent figures like JPMorgan CEO […]