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Crew Abandons Sinking Bulk Carrier In Red Sea After Kamikaze Drone Boat Attack  Turmoil in the Red Sea and Gulf of Aden intensified this week as Iran-backed Houthi rebels launched a series of attacks on commercial vessels traversing the critical maritime chokepoint. In a bold new move, the rebels deployed a suicide drone boat that slammed into the…

Nvidia, Apple And GameStop Are The Entire Stock Market Right Now…And That’s Dangerous Submitted by QTR’s Fringe Finance Everybody knows it but nobody is giving it any serious consideration: the entire market is being driven by Nvidia, Apple and even GameStop. And when one, if not all three of these names starts to experience some…

Grant: Rates Are Going Much Higher. Is He Right? Authored by Lance Roberts via RealInvestmentAdvice.com, Recently, James Grant, editor of the Interest Rate Observer, was asked about his outlook for interest rates. He sees interest rates moving in a cyclical pattern, potentially rising for another multi-decade period. Grant bases his view on historical observations rather than a…

Counterfeit Titanium Found In Some Boeing And Airbus Jets Boeing is no longer the pride of American aviation. The plane manufacturer is riddled with so many problems it’s impossible to keep track. Yesterday, the FAA announced an investigation (yet another…) into a 737 Max 8 jet that encountered a dangerous mid-flight ‘Dutch roll’ several weeks ago. Now, a report…

Macron Has Gambled… And Lost By Elwin de Groot, Head of Macro Strategy at Rabobank We still have one more day to go in the European session before the weekend, but the week in review is already showing to be one of quick decisions, where the bond market was ‘saved’ by the US inflation data…

MSNBC’s Maddow Says She’s Worried Trump Will Put Her In A Concentration Camp Authored by Steve Watson via Modernity.news, MSNBC performative hack Rachel Maddow has declared that she is worried that if Donald Trump becomes the president again he’s going to round her up and throw her in a concentration camp with all her leftist…

Finland In First NATO Deployment Parks Jets On Russia’s Doorstep NATO’s two newest members – Finland and Sweden – have already seen their militaries quite busy as part of recent joint exercises with the alliance. For the first time this week, another milestone has been achieved as Finland has deployed fighter jets to another NATO…

World Economic Forum Says, ‘Let Them Eat Fake Meat!’ Authored by Eric Utter via AmericanThinker.com, The globalist elites at the World Economic Forum (WEF) are calling on governments to promote fake meat and other alternative proteins in a coordinated effort to change consumers’ behavior. Shocking, I know. The authors of a white paper entitled “Creating a Vibrant Food…

FOMC Holds Rates As Expected, Dot-Plot Shifts More Hawkish In 2024 Since the last FOMC statement (on May 1st), stocks and bonds have outperformed (with the former at record highs), gold is flat while the dollar is down modestly. Amid all that, oil is down significantly… Source: Bloomberg These market moves have been prompted by…

Elliott Management May Force Southwest To Abandon ‘Bags Fly Free’ Policy With activist hedge fund Elliott Management in the pilot’s seat at Southwest Airlines, the budget airline’s popular “bags fly free” policy is under scrutiny. If Paul Singer gets his way, the airline’s popular “bags fly free” policy could end. This policy is a huge value proposition for customers when choosing…

FOMC Preview: From Three Rate Cuts To Two Coming just hours after the May CPI print, tomorrow’s – and the month’s – main event is the FOMC decision due at 2pm ET, when the Fed is widely expected to leave rates on hold at 5.25-5.50%, and the statement will likely also largely be reiterated after…