Institutions Break Up With Ethereum But Keep ETH On The Hook Authored by Yohan Yun via CoinTelegraph.com, Ethereum is entering one of its most precarious periods since its inception. Usage on the base layer is plummeting, core metrics are nearing multi-year lows, and even co-founder Vitalik Buterin is proposing a radical architectural overhaul.  Institutions aren’t waiting to see how it plays out. Blockchain data shows that […]

“Our Export Orders Disappeared”: Chinese Factories Shutting Down, Laying Off Workers, FT Finds By now it has become abundantly clear (and if it isn’t, the openly biased media has certainly made it its purpose to highlight over and over) what the downside is to the US from Trump’s ongoing trade war against the world, but especially China: sliding markets, rising rates, dumping dollar. The economy has so far proven resilient, with […]

Ugly, Tailing 7Y Auction Sees Lowest Foreign Demand In Over 3 Years The week’s last coupon auction is in the books, and perhaps because people are just tired of dealing with the non stop headline ping pong, it was also the ugliest. The sale of $44BN in 7Y paper priced at a high yield of 4.123%, down 11bps from March and tailing the When Issued 4.121% by 0.2bps; this was the second straight tail and follows 6 consecutive stop […]

Trump Admin Asks Supreme Court To Allow Prohibition Of Troops With Gender Dysphoria Authored by San Dorman via The Epoch Times, The Trump administration is asking the Supreme Court to halt a federal judge’s order preventing it from implementing a policy disqualifying individuals who have gender dysphoria or have undergone medical interventions for that condition. U.S. Solicitor General D. John Sauer told the court on April 24 […]

Pakistan Warns Of ‘Act Of War’ After India Cancels Landmark Water Treaty India is retaliating against Pakistan in major ways as tensions soar in the wake of the Tuesday terrorist attack on Indian-Controlled Kashmir, which killed 26 tourists in the picturesque region. Not only has India closed its border to Pakistan, declaring that no visas will be given to Pakistanis, but the Indian government has downgraded its diplomatic ties […]

Judge Halts Order Demanding Details On Efforts To Return Abrego Garcia To US Authored by Zachary Stieber via The Epoch Times, The federal judge overseeing the case of Kilmar Abrego Garcia, an immigrant deported to his home country despite a court order, has paused her order demanding details on the U.S. government’s efforts to facilitate his return to the United States. U.S. District Judge Paula Xinis on April 23 paused her […]

Stocks Extend Gains After Trump Says “They” Are Having Meetings With China US equities extended their gains after President Trump told reporters that US was having daily ongoing talks with China. “Well, they had a meeting this morning… we may reveal it later, but they had meetings this morning, and we’ve been meeting with China.” Trump added, when asked for more details: “…it doesn’t really matter who ‘they’ are.” […]

Trump To Go After Democrat Fundraising Juggernaut ActBlue In Presidential Memorandum: Report President Trump is expected to sign a presidential memorandum on Thursday targeting major Democrat online donation platform, ActBlue – specifically cracking down on foreign contributions in American elections, Politico reports, citing a person Trump admin leaker familiar with the policy. Photo: Alexander Grey/Unsplash; ActBlue The crackdown […]

Trump Says Could Meet Putin ‘Shortly After’ Upcoming Middle East Trip President Donald Trump has said he could meet with Russia’s Vladimir Putin shortly after his upcoming trip to the Middle East in May, where’s he expected to visit Saudi Arabia, Qatar and the United Arab Emirates. The Gulf tour, set for May 13 through the 16th, will be the first such Mideast trip of Trump’s second term. TASS reported this week, “In March, […]

Fake It Till Trump Makes It By Michael Every of Rabobank Fake it till Trump makes it Markets were thrilled this week as Bloomberg reported US Treasury Secretary Bessent saying 145% US tariffs on China were “unsustainable” and a trade deal would be done soon; yet people *in the room* say that didn’t capture his real message – that China would see *it* needed to move first. Markets were just as excited by President Trump […]

Peace Will Be Achieved When Ukraine Withdraws From 4 Annexed Territories: Peskov Kremlin spokesman Dmitry Peskov has filled in a little bit more of the details in the wake of a Financial Times report issued Tuesday which said President Putin is offering to freeze the current battle lines for the sake of a peace deal. The significant concession came as a surprise to many, who asked what’s the catch. Peskov in Wednesday comments […]

New Poll Data Confirms The Democrats’ Worst Fears Authored by Matt Margolis via PJMedia.com, Can you believe it? The Democrats, once the supposed champions of the working class, have exposed themselves as nothing more than elitist snobs who couldn’t care less about real Americans. Recent polling has confirmed what conservatives have known all along: the Democratic Party is now the domain of overeducated, snobby, wealthy liberals […]

PepsiCo Prints “Rare” Earnings Miss As Volatility & Uncertainty Mount It’s rare for PepsiCo to miss Bloomberg Consensus earnings estimates. Still, the soda and snack giant has stumbled amid growing uncertainty surrounding the trade war and waning consumer sentiment—factors that ultimately prompted the company to lower its full-year earnings outlook. The maker of Pepsi beverages and Frito-Lay snacks missed the consensus […]

US Existing Home Sales Weakest March Since Great Financial Crisis Following an unexpectedly large jump in February (biggest in a year), existing home sales were expected to drop significantly in March, and they did. Existing home sales fell 5.9% MoM (considerably worse than the 3.1% MoM drop expected) reversing the upwardly revised 4.4% MoM rise in February, dragging sales down 2.4% YoY… Source: Bloomberg This is the weakest […]

Anduril Co-Founder Warns: U.S. Munitions Stockpile Would Last One Week In Hot Conflict The United States would deplete its munitions stockpile if it entered into genetic warfare against a global superpower, Anduril co-founder Trae Stephens warns. Stephens, who co-founded of the cutting-edge defense startup alongside Palmer Luckey, dropped the chilling warning on Auren Hoffman’s World of DaaS podcast. “The reality is, if we got […]

China Dismisses Reports Of US Trade Progress As “Fake News,” Demands Removal Of Unilateral Tariffs Before Negotiating Table  Wednesday’s equity market rollercoaster—sharp pops and drops—was driven by conflicting reports on headlines surrounding potential U.S.-China trade talks.  Markets surged after a Wall Street Journal report suggested President Trump considered cutting steep tariffs on Chinese imports. But sentiment […]

Nintendo Switch 2 Frenzy: “Selling Out” Across US Retailers As Tariffs Won’t Impact Pricing  U.S. families with young gamers can breathe a sigh of relief this week as Goldman analysts told clients that the upcoming Nintendo Switch 2 won’t see price hikes due to the ongoing trade war. Nintendo’s hotly anticipated Switch 2 is now available for pre-orders at major U.S. retailers as of early Thursday morning.  According to the […]

NPR: Abrego Garcia Was “Living Quietly” In Maryland Before He Was Deported Authored by Jonathan Turley, Yesterday, I tweeted out after hearing a segment on National Public Radio on the case of Kilmar Abrego Garcia. NPR reported that there was no evidence presented that Abrego Garcia was an MS-13 member and that “he had been living quietly in Maryland” before he was suddenly arrested and deported.  While many disagree on […]

Massive Buying Of Boeing Aircraft Sends US Durable Goods Orders Soaring In March US Durable Goods Orders printed a massive 9.2% MoM surge in preliminary March data, massively beating the +2.0% MoM expectation) and pulling orders up 10.9% YoY – the highest since Jan 2022. This is the third straight month of strong orders… Source: Bloomberg That is a four sigma beat of expectations… Source: Bloomberg But… and its a big […]

“Vladimir, STOP!” Trump Responds To ‘Massive’ Russian Missile Strike On Kiev, Leaving 9 Dead Amid stalled US-led peace talks, Russia launched a massive overnight attack on Ukraine, including raining down ballistic missiles on the center of Kiev, unleashing large-scale death and destruction. At least nine people have been reported killed and over 70 injured in the capital city, in what was one of the largest and deadliest missile […]

WTF Are CEOs Waiting For? Jobless Claims Refuse To Buckle To ‘Recession’ Narrative The number of Americans filing for jobless benefits for the first time rose very modestly to 222k last week. Since Nov 2021, jobless claims have barely blipped higher (or lower), despite the recent tsunami of calls for imminent recession… Source: Bloomberg Continuing jobless claims dropped to 3 month lows… Source: Bloomberg But here’s the […]

Futures Drop On Tariff Concerns As Dollar Slides It’s risk-off price action this morning, with US equity futures lower, rates rallying across the curve, macro credit opening softer, while the USD trades broadly lower. The two-day rally in US stocks fizzled amid mixed Trump signals on China tariffs as the president floated a fresh levy timeline while simultaneously denying easing efforts and Beijing called for full rollback of all US […]

American Air Yanks Full Year Guidance As Trade Wars Hinder Travel Demand Prediction  American Airlines posted a mixed first-quarter report, highlighted by an earnings beat, continued debt reduction, and firm performance in its loyalty program and international markets. However, mounting economic uncertainty and softening passenger demand—compounded by the ongoing trade war—prompted the airline to withdraw its full-year […]

The Path Ahead: Soar, Stall, Or Plummet Authored by Lance Roberts via RealInvestmentAdvice.com, We have good and bad news for investors who want to know whether the stock market will soar, stall, or plummet. First, the good news. This article presents the market path for what lies ahead. Unfortunately, the “right” path is among three likely scenarios. Despite our inability to definitively show you the way forward, we can share […]

These Are The States Where Americans Have The Most Cash In The Bank In times of economic uncertainty, cash is king. But where do Americans have the most cash in the bank? As Visual Capitalist’s Pallavi Rao details below, households in Hawaii have the highest median bank balance at $43,600. In contrast, households in Mississippi hold about $2,000 in the bank. Personal finance advisers SmartAsset analyzed median bank deposit […]