World News
A nationwide US flight suspension caused by a copper wire upgrade has prompted scrutiny of aviation infrastructure, while diplomatic tensions continue to rise with Ukraine's president stating the US has proposed ceding Donbas territory in exchange for NATO membership. Elsewhere, a major art dispute emerged over a Van Gogh painting sold at Sotheby's for $180 million that is now being challenged as potentially sold under duress, and Hungarian authorities uncovered $20 million during an investigation into an Orbán-era minister.
American Debt Trajectory Raises Long Term Risks
The United States has just crossed a historic threshold. Indeed, their debt now exceeds the size of their economy.
GameStop Makes $56B eBay Bid in Push to Build Amazon Rival
Video game retail company GameStop has made an unsolicited $55.5 billion offer for eBay, placing the meme-stock retailer…
WTI and Brent Surge Following False Reports of US Warship Attack in Hormuz
The prices of the two most relevant oil benchmark futures shot up after reports indicated that a U.S.
US Gas Prices Hit $4.46, Marking Sharpest Surge in Decades
Gas prices in the United States have resumed their upward trend after a brief period of decline, with the national…
Conflicting US-Iran Claims Over Strait of Hormuz Incident Shake Markets
Unfolding developments in the US-Iran war appear to be triggering instability in markets and other issues worldwide. …
North Korea Refutes Crypto Hack Claims, Warns of Counter Measures
North Korea rejected accusations from the United States that it is behind the global cybercrime and cryptocurrency theft.
CFTC Chair Mike Selig Rejects Insider Trading Claims in Prediction Markets
CFTC Chair Mike Selig pushed back against claims that insider trading is widespread in prediction markets.
Americans Distrust Crypto and AI Despite Millions Spent in Politics
Crypto and AI flood Washington with cash, yet voters keep their distance.
China Defies US Sanctions on Oil Refiners With Sweeping Non-Compliance Order
The blocking statute invoked by MOFCOM requires other companies conducting commercial activities in the country to…
Despite Warsh Replacing Powell at the Fed, Traders See No Rate Cut Coming in June
Kevin Warsh cleared a Senate Banking Committee vote on April 29 and is expected to chair his first Federal Open Market…
New Politico Poll Reveals US Voter Skepticism Over AI and Crypto Campaign Cash
Deep-pocketed political groups tied to artificial intelligence (AI) and cryptocurrency are rapidly reshaping the midterm…
Worker Wins Landmark AI Substitution Case in China
Experts stated that the decision, which sets a precedent for future AI substitution cases, establishes that AI…
Starlink Usage Turns Fatal in Iran Internet Blackout
As the digital blockade imposed by the Iranian regime reaches its tenth week, reports indicate that an individual has…
Berkshire Hathaway Q1 Profit Rises 18% as Cash Nears $400B
Berkshire Hathaway reported higher first-quarter operating profit as its cash pile moved closer to $400 billion.
OPEC+ to Raise June Oil Output Quotas by 188,000 BPD After UAE Exit
Seven OPEC+ countries have agreed to raise June oil output quotas by approximately 188,000 barrels per day (bpd).
CIO Ritholtz Says Real FOMC Regime Change Is Fiscal, Not Fed Leadership
Co-Founder, Chairman, and CIO of Ritholz Wealth Management LLC, Barry L.
U.S. Manufacturing PMI Remains Stable Despite Global Uncertainty
U.S. manufacturing activity stayed in expansion territory in April as the ISM Manufacturing PMI held at 52.7.
Stocks Climb Higher Following One of the Strongest Aprils in Years
U.S. stocks opened May with renewed strength after an extraordinary April rally that reshaped market momentum.
Schiff Warns of Dollar Weakness, Says “The Glory Days Are Over” as Oil, Yields Climb
Economist Peter Schiff said on X that the U.S. dollar weakened as oil prices and bond yields moved higher.
Trump Says Iran Conflict Over, Nasdaq Sets Record High, Bitcoin Climbs 2.5%
President Donald Trump told Congress on Thursday that U.S.
The United Arab Emirates is leaving OPEC and lifting all its oil production quotas
The United Arab Emirates officially left OPEC on May 1, 2026, after 59 years of membership.
Iran’s Latest Peace Deal Response Boosts Bullish Market Momentum
The negotiation stalemate between the US and Iran over the ongoing war in the Middle East has extended into yet another…
BRICS Aim To Boost Local Currencies In Global Trade
The dollar dominates international trade, but its monopoly is weakening.
Iran Rial Crashes to 1.8M Per US Dollar as US Pressure Reaches Peak
Iran’s currency has fallen to its weakest level on record, extending a prolonged depreciation trend that has developed…
Peter Schiff Says Trump’s Gas Price Promise Has a Serious Problem
Bitcoin critic and gold advocate Peter Schiff did not hold back Thursday.
U.S. Senate Members Unanimously Adopt an Amendment Banning Them From Betting on Polymarket and Kalshi
The U.S.
US Senate Bans Its Members From Prediction Market Trading
The United States Senate passed a unanimous resolution Thursday banning its members and staff from trading on prediction…
US Senate bans itself from betting on prediction markets
The US Senate unanimously passed a rule banning members and staff from prediction markets, with a similar resolution set…
Robert Kiyosaki Escalates Giant Crash Warning, Says It Could Turn Into Depression
Robert Kiyosaki says a 2026-27 market crash could reward prepared investors willing to buy discounted assets.
Senate Democrats Urge CFTC to Ban Sports and Election Contracts on Kalshi and Polymarket
A group of congressional Democrats sent the Commodity Futures Trading Commission (CFTC) a letter on Thursday demanding…