Michaela School was entitled to enforce a ban on prayer rituals, the High Court has ruled. Continue Reading »

Gaza is out of the headlines, but the pressure on Israel's PM has changed rather than disappeared. Continue Reading »

Treasury Secretary Janet Yellen says Iran's oil exports "remain in focus as a possible area" they could address. Continue Reading »

Rishi Sunak's bill aims to create the UK's first smoke-free generation in a major public health intervention. Continue Reading »

There was shock as the 17th Century building's iconic dragon spire collapsed in the fire. Continue Reading »

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• Fox-Dominion trial delay 'is not unusual,' judge says • Fox News' defamation battle isn't stopping Trump's election lies Continue Reading »

The judge just announced in court that a settlement has been reached in the historic defamation case between Fox News and Dominion Voting Systems. Continue Reading »

A settlement has been reached in Dominion Voting Systems' defamation case against Fox News, the judge for the case announced. The network will pay more than $787 million to Dominion, a lawyer for the company said. Continue Reading »

Trump Media shares have plunged in the two days that Donald Trump has been in a New York court for jury selection in his criminal hush money trial. Continue Reading »

Her comments come shortly after the central bank gave its clearest indication to date that it could start cutting interest rates during its June meeting. Continue Reading »

Yellen's comments come as Israel's war cabinet is weighing how to respond to the attack in retaliation for an Israeli strike on an Iranian consulate in Syria. Continue Reading »

AMD's new processors will compete against Nvidia's and Intel's chips that are specifically designed for AI PCs. Continue Reading »

Tesla's announcement Monday that it is cutting jobs sent the shares down nearly 6%, continuing the year's sell-off. Continue Reading »

Les secours ont annoncé mardi après-midi maîtriser l'incendie de l'ancienne Bourse de Copenhague, datant du XVIIe siècle et qui a été largement… Continue Reading »

Israël et l'Iran ont échangé de nouvelles menaces après l'attaque massive et sans précédent lancée par Téhéran contre son ennemi, qui a aggravé le… Continue Reading »

Donald Trump est arrivé mardi au tribunal de Manhattan pour le deuxième jour de son procès historique, où il s'est plaint d'être empêché de faire… Continue Reading »

Emmanuel Macron est attendu mardi dans le Vercors pour un hommage inédit à ce maquis, "incarnation d'une France indissociable de la République" qui… Continue Reading »

Les actionnaires de Stellantis ont validé à 70% des voix la rémunération en forte hausse du directeur général Carlos Tavares lors de l'assemblée… Continue Reading »

India has vowed to protect the territorial integrity of Manipur, a state in the northeast that has been hit by ethnic violence Read Full Article at RT.com Continue Reading »

Around the same time as his famous sit-down with Vladimir Putin, Tucker Carlson recorded a video interview with Telegram founder Pavel Durov Read Full Article at RT.com Continue Reading »

RT journalist, who is a dual Russian-US citizen, has been detained in the transit zone of the Tbilisi airport Read Full Article at RT.com Continue Reading »

The US military’s help to Israel will be defensive only, officials have said Read Full Article at RT.com Continue Reading »

The US is playing political games with military aid for Kiev while Ukrainians are dying, Vladimir Zelensky has claimed Read Full Article at RT.com Continue Reading »

Ямила Пенья Охеда отметила, что "нынешняя администрация США придерживается враждебной политики, потому приходится противостоять этой агрессии, в том числе экономической блокаде" Continue Reading »

Постоянный представитель Белоруссии при ОДКБ Александр Гриневич рассказал об увеличении количества компьютерных атак на информационные ресурсы государств - участников Союзного государства Continue Reading »

По словам генпрокурора, в число задач надзорных ведомств входит противодействие вовлечения молодежи в радикальные идеи и деструктивные движения Continue Reading »

Внешний вид памятника будет выбран из четырех концепций, поступивших в Союз художников Ленинградской области Continue Reading »

Сирены прозвучали в районе населенного пункта Яара Continue Reading »

JUDGE WARNS JAIL IF NO SHOW (Main headline, 1st story, link) Related stories:HISTORIC CRIMINAL TRIAL CONTINUESTRUMP CONVICTED BY MEMORIAL DAY? Drudge Report Feed needs your support!   Become a Patron Continue Reading »

HISTORIC CRIMINAL TRIAL CONTINUES (Main headline, 2nd story, link) Related stories:JUDGE WARNS JAIL IF NO SHOWTRUMP CONVICTED BY MEMORIAL DAY? Continue Reading »

TRUMP CONVICTED BY MEMORIAL DAY? (Main headline, 3rd story, link) Related stories:JUDGE WARNS JAIL IF NO SHOWHISTORIC CRIMINAL TRIAL CONTINUES Continue Reading »

'Perfect Storm': Sleep Expert Analyzes Trump's Trial Nap... (First column, 1st story, link) Related stories:The Don Leans on Small Group of Rich Donors to Fund Campaign... Drudge Report Feed needs your support!   Become a Patron Continue Reading »

The Don Leans on Small Group of Rich Donors to Fund Campaign... (First column, 2nd story, link) Related stories:'Perfect Storm': Sleep Expert Analyzes Trump's Trial Nap... Continue Reading »

An artist representing Israel at the international art fair calls for an immediate ceasefire in Israel's war on Gaza. Continue Reading »

Palestinian health officials say Israel killed four people and wounded several others in one attack in Rafah. Continue Reading »

Aerial rescues in Oman have saved at least 75 people, some who were swept up and carried away by flash floods. Continue Reading »

Student took legal action against London school, saying policy was discriminatory and 'uniquely' affected her faith. Continue Reading »

US threats to states that take action on Gaza must compel them to form a coalition and collectively resist. Continue Reading »

Michaela School was entitled to enforce a ban on prayer rituals, the High Court has ruled. Continue Reading »

Gaza is out of the headlines, but the pressure on Israel's PM has changed rather than disappeared. Continue Reading »

Treasury Secretary Janet Yellen says Iran's oil exports "remain in focus as a possible area" they could address. Continue Reading »

Rishi Sunak's bill aims to create the UK's first smoke-free generation in a major public health intervention. Continue Reading »

There was shock as the 17th Century building's iconic dragon spire collapsed in the fire. Continue Reading »

Federal judges have agreed to release about 10 defendants who were serving prison terms because of their convictions under an obstruction law. Continue Reading »

Plus, NASA’s “Hail Mary.” Continue Reading »

Representative Virginia Foxx is a blunt partisan. But her life in rural North Carolina informs her attacks against these schools, starting with whether Harvard is truly “elite.” Continue Reading »

Columbia University’s president, Nemat Shafik, will speak to the same congressional committee before which the Harvard and University of Pennsylvania presidents stumbled. Continue Reading »

Melania Trump has long referred to the hush-money case involving Stormy Daniels as her husband’s problem, not hers. But she has privately called the trial a “disgrace” that could threaten his campaign. Continue Reading »

Reuters exclusively reported that the Bank of Korea is considering overhauling how it provides guidance on the likely future path […] The post Bank of Korea considering forward guidance overhaul  appeared first on Reuters News Agency. Continue Reading »

Reuters exclusively reported that Chinese authorities nudged Swiss agrichemicals and seeds group Syngenta to withdraw its application for a long-delayed […] The post Beijing nudged Syngenta to withdraw $9 bln Shanghai IPO on market weakness  appeared first on Reuters News Agency. Continue Reading »

Reuters exclusively reported that Walt Disney Co secured enough shareholder votes to defeat a challenge against its board mounted by […] The post Disney prevails over Trian in board fight  appeared first on Reuters News Agency. Continue Reading »

Reuters exclusively reported that Boeing 737 MAX jetliner production has fallen sharply in recent weeks as U.S. regulators step up […] The post Boeing 737 output drops on quality checks, more FAA audits appeared first on Reuters News Agency. Continue Reading »

Reuters exclusively reported that investment firm Marathon Partners Equity Management wants British boot maker Dr. Martens to hire bankers and […] The post Marathon Partners pushes Dr. Martens for strategic review, possible sale  appeared first on Reuters News Agency. Continue Reading »

The deal between the tech giant and Abu Dhabi-based G42 signals a pivot for the Gulf state toward Washington. Continue Reading »

The expansion includes a second factory, an advanced chip-packaging facility and research-and-development capabilities. Continue Reading »

Phones are interrupting workouts and causing privacy concerns. Instructors and fellow gym goers are fed up. Continue Reading »

Quiet developments signal that over the next five years we will see technological leaps. Continue Reading »

It is the streaming-hardware maker’s second data breach this year, prompting Roku to institute additional security measures. Continue Reading »

Mike Johnson defiantly rejected a new call for his resignation, a day after the embattled party leader introduced a plan to pass bills funding Ukraine, Israel and other overseas allies. Continue Reading »

The healthcare and insurance company expects the attack to hit its full-year earnings. Continue Reading »

The fire collapsed the building’s iconic spire, a centerpiece of the city’s skyline since the 17th century. Continue Reading »

German Chancellor Olaf Scholz and two of President Biden’s top diplomats for East Asia used trips to China this week to encourage Beijing to scale back its economic support for Russia and get Moscow to take part in peace talks. Continue Reading »

’The Gentlemen’ and ‘White Lotus’ actor on his family’s English thatched home, his mom’s sage advice and his black getaway car Continue Reading »

Six months into the conflict against Hamas, the Israeli public is deeply divided about how to win the war in the Gaza Strip. So, too, are the three top officials in the war cabinet meant to foster unity in that effort. Long-simmering grudges and arguments over how best to fight Hamas have soured relations between Israel’s wartime decision makers—Prime Minister Benjamin Netanyahu, Defense Minister Yoav Gallant and the former head of the Israeli military, Benny Gantz. The three men... Continue Reading »

Next time you ask ChatGPT for a lasagna recipe, consider how much computing power you’re using: On a typical day, the AI chatbot handles an estimated 195 million queries, consuming enough electricity to supply some 23,000 US households. By 2026, booming AI adoption is expected to help drive a near-doubling of data centers’ global energy use, to more than 800 terawatt-hours — the annual carbon-emission equivalent of about 80 million gasoline-powered cars. Continue Reading »

After months of inaction, House Speaker Mike Johnson unveiled on Monday evening an outline of his plan to address the conflicts in Ukraine and the Middle East, defying Republicans who threatened to oust him from the speakership if he moved forward with funding for Ukraine. But Johnson (R-La.) risks angering many of his members with a convoluted plan aiming to placate his critics on the right, while also giving national security hawks a chance to advance billions of dollars in aid to Ukraine... Continue Reading »

Fresh US aid for Ukraine will be put to a vote separately to the question of new military assistance for Israel, House Speaker Mike Johnson says. Mr Johnson has stalled a House vote on a $96bn package aimed at helping both US allies, while he faces pressure from fellow members of his Republican Party. But he said an Iranian attack on Israel over the weekend had increased the urgency to sign off new foreign aid. Mr Johnson said the separate aid bills could be put to a vote this week... Continue Reading »

The House will move forward with a proposal to vote on four separate funding bills in an effort to advance aid to Ukraine and Israel after months of deliberation among lawmakers.  Speaker Mike Johnson (R-LA) unveiled the plan to House Republicans on Monday, proposing to split foreign aid into four separate bills focusing on Israel, Ukraine, Taiwan, and then a fourth that includes other defense measures to “strengthen our national security.” The plan is to... Continue Reading »

The first criminal trial facing former President Donald Trump is also the one in which Americans are least convinced he committed a crime, a new AP-NORC Center for Public Affairs Research poll finds. Only about one-third of U.S. adults say Trump did something illegal in the hush money case for which jury selection began Monday, while close to half think he did something illegal in the other three criminal cases pending against him. And they’re fairly skeptical that Trump... Continue Reading »

House Speaker Mike Johnson plans to bring separate bills funding Ukraine, Israel and Taiwan to the House floor, in a maneuver aimed at breaking a monthlong deadlock over a $95 billion foreign-aid package the Senate passed earlier this year. Other congressional leaders of both parties and President Biden had urged Johnson to take up the Senate bill. Instead, Johnson is splitting the aid up in an effort to work around a large bloc of Republicans who have long opposed sending... Continue Reading »

Tensions are high in the Middle East as players wait to see Israel's response to the massive Iranian attack over the weekend, successfully repulsed by a U.S.-led coalition. Israel indicates that without a doubt, it will respond to the unprecedented drone and missile attack directly aimed at the Jewish state. Lt. Gen. Herzi Halevi, Israel Defense Forces chief of staff, warned, “Iran will face the consequences for its actions. We will choose our response accordingly.” The question... Continue Reading »

Senators in both parties are warning the expanded surveillance authority under the Foreign Intelligence Surveillance Act (FISA) could lapse after Friday because of a battle over amending the House bill, which has become a target of conservative Republicans and some Democrats. Opponents of the bill could drag the Senate debate past the 11:59 p.m. Friday deadline, which threatens to cause a lapse in warrantless surveillance authority that some lawmakers warn could leave the nation exposed to... Continue Reading »

In February 2018, Denver city leaders sent a valentine to foreigners interested in relocating to the progressive mountain city and a message to any elected officials looking to stop them. Draped on Denver’s City and County building was a large, blue banner: “Denver ❤️ Immigrants.” If it wasn’t clear enough, then-mayor Michael Hancock posted on social media that it was a statement of “love” to let immigrants know that Denver is “an open and welcoming city.” Denver leaders... Continue Reading »

Moments after Iran launched an attack on Israel, around 400 pro-Palestinian protesters in Chicago broke out in chants of “Hands off Iran!” The head of the Council on American-Islamic Relations, the nation’s largest Muslim civil rights organization, claimed Iran “is responding in self-defense.” And the young pro-Palestinian group IfNotNow called both Iran and Israel “authoritarian governments” that were putting citizens in danger, adding that “further escalation only serves these warmongering... Continue Reading »

Vowing retribution but urged to show restraint, Israel has yet to agree on its response to an expansive drone and missile strike carried out on its territories by Iran on Saturday. A Monday meeting of Israel’s five-person war cabinet, headed by Prime Minister Benjamin Netanyahu, concluded without comment on whether the Jewish state will honor its pledge to “exact a price” from Tehran or concede to calls for a measured response from international leaders. The prolonged... Continue Reading »

Following Iran's attack against Israel over the weekend, Senate Republicans are once again calling for the chamber to take up standalone bills that provide aid to our ally in the Middle East. Just as he's done following the October 7 attack that Hamas perpetrated against Israel, Sen. Roger Marshall (R-KS) called for the Senate to pass such a bill. Considering that the legislation was already passed by the House early last November, the bill could have gone immediately to... Continue Reading »

Lawmakers in Georgia’s legislature scuffled on Monday as the parliament debated a divisive new law dubbed the foreign agent bill. Hours later, hundreds of people protested against the legislation outside the parliament in the Georgian capital of Tbilisi. The draft — proposed by the ruling Georgian Dream party — calls for media and non-commercial organizations to register as being under foreign influence if they receive more than 20% of their funding from abroad. Opponents of the measure... Continue Reading »

Thousands of people demonstrated in the Georgian capital Tbilisi on Monday demanding the withdrawal of a controversial "foreign influence" bill they say is inspired by authoritarian laws neighbouring Russia uses to crush dissent. "No to the Russian law," chanted thousands of protesters outside parliament, many waving EU and Georgian flags. A previous attempt by the government to introduce a "foreign agents" bill was abandoned in the face of mass street protests last year. But this... Continue Reading »

Georgia’s parliament descended into chaos Monday after the leader of the ruling Georgian Dream party’s parliamentary faction was punched in the face while discussing a controversial law on "foreign agents."  Video obtained by Fox News Digital shows Mamuka Mdinaradze, 45, punched in the face by opposition MP Aleko Elisashvili, 46, while addressing the chamber.   Mdinaradze, who is a driving force behind the legislation, can be seen toppling over as several other MPs... Continue Reading »

A federal agency did not reappoint a former Trump advisor to an elections advisory board after a left-wing activist group threatened to launch a public criticism campaign, according to emails obtained by the Daily Caller News Foundation. Cleta Mitchell, a lawyer who is now the senior legal fellow at the Conservative Partnership Institute, was appointed to the advisory board for the Election Assistance Commission (EAC) in November 2021. After months of badgering United... Continue Reading »

A report by the Royal Canadian Mounted Police has been making the rounds, and its message is not pretty: the country is hurtling toward social collapse. The “Whole-of-Government Five-Year Trends for Canada” points to compounding crises, from economic stagnation and ecological disaster to technological disruption and a general erosion of trust in institutions. Most dispiriting are its projections for young Canadians such as myself: “many Canadians under 35 are unlikely ever to be able... Continue Reading »

House Speaker Mike Johnson on Monday unveiled a proposal for sending wartime aid to Israel and Ukraine as he seeks to fend off a right-wing revolt that could put his leadership in peril.  The Louisiana Republican said he plans to put four separate bills on the floor, separating aid for Israel with assistance for Ukraine, which has faced fierce pushback among some members of his conference. A third measure includes aid for Taiwan and the final bill addresses other Republican foreign... Continue Reading »

Liberal comedian Bill Maher called Democratic leaders of sanctuary cities "hypocrites" for their reaction to the border crisis, during his "Club Random"podcast on Sunday. Maher raised the immigration issue after guest and former TV anchor Katie Couric argued that class resentment and anti-elitism had led blue-collar workers to support former President Trump. Maher agreed but suggested that resentment was legitimate when it came to how Democratic leaders responded to the immigration... Continue Reading »

Instead Of Introspection, NPR Suspends Veteran Journalist Who Called Out Partisan Trainwreck National Public Radio (NPR) has suspended veteran journalist Uri Berliner, after he penned a scathing indictment of the federally-funded network's overt partisan bias. According to Berliner, "An open-minded spirit no longer exists within NPR, and now, predictably, we don’t have an audience that reflects America." Berliner says that NPR went sideways when Donald Trump rose to power, as "what began as tough, straightforward coverage of a belligerent, truth-impaired president veered toward efforts to damage or topple Trump’s presidency." What's more, NPR "hitched our wagon" to Rep. Adam Schiff (D-CA), who "became NPR's guiding hand, it's ever-present muse." By my count, NPR hosts interviewed Schiff 25 times about Trump and Russia. During many of those conversations, Schiff alluded to purported evidence of collusion. The Schiff talking points became the drumbeat of NPR news reports. -Uri Berliner via The Free Press And now, Berliner has been suspended.  "Senior @NPR editor @uberliner has been suspended from the public radio network he's served for 25 years after sharing concerns about bias in The Free Press," the outlet tweeted. Senior @NPR editor @uberliner has been suspended from the public ... Continue Reading »

This Unhappy Global Dynamic Will Lead Markets And Market Analysis For Years To Come By Michael Every of Rabobank Non Ducor, Duco Who/what leads and who/what is led? That’s the question you should be asking yourself again today - even as most in markets think what they are paid to look at leads all rather than accept that life has (changeable) hierarchies.   Yesterday saw a surprise leap in US retail sales: 0.7% m-o-m vs. 0.4% expected; ex-autos 1.1% vs. 0.5%; ex-gas and autos 1.0% vs. 0.3%; and the control group 1.1% vs. 0.4%. That followed Friday’s rise in the Michigan survey consumer inflation expectations from 2.9% to 3.1% (1-year) and 2.8% to 3.0% (5-year) and eclipsed the big dip in the Empire PMI. What leads/is led? The New York Fed’s SCE labour market survey shows people want $81,800 to change jobs, up around $10,000 since March 2021. While those saying they were now unemployed vs. four months ago rose, so did the percentage who plan to retire early. What leads/is led? The retail report pushed US bond yields much higher intra-day before partially reversing: there was almost a test of 5% in 2-years, ... Continue Reading »

BofA Stock Slammed As Humans Actually Read Earnings Report, Notice Soaring Charge-offs Update (1110ET): Just as we warned below, it seems the human-traders actually read the MS earnings report and saw chargeoffs soaring. Bottom line: Bank of America managed to game expectations and reported numbers which mostly came just above estimates, which is also why the stock is higher premarket. However, it is only a matter of time before the market notices that BofA is starting to take aggressive losses on its CRE/credit card exposure and it is unclear how much more of this lies ahead. As such, don't be surprise if what is a modest move higher in the stock premarket reverses in the coming hours. And sure enough, those early algo-driven gains quickly evaporated... Which in context, pushed BofA down to almost two-month lows... We hate to say 'we told you so' but "we told you so!" *  *  * With JPM, Citi and Wells already in the books, moments ago the last "big 4" money-center bank, Bank of America reported Q1 earnings which for the most part, were stronger than expected, however there were several troubling footnotes, including a sizable, $700MM FDIC special ... Continue Reading »

Biden Admin Says "Limited Scope" Israeli Attack On Iran Still Coming Israel's war cabinet reportedly met for several hours on Tuesday, and widespread speculation persists over a possible Israeli military response to Iran, but with few clear answers or indicators as yet revealed concerning what's coming next. What is clear is that the Netanyahu government is planning on 'something' big to hit back for the unprecedented Saturday night ballistic missile and drone attack launched from Iranian soil. IDF spokesman Rear Adm. Daniel Hagari has told reporters Tuesday that Iran will not get off "scot-free". He said additionally, "We cannot stand still from this kind of aggression" and that "We will respond in our time, in our place, in the way that we will choose." The US and other Western allies are still publicly lobbying for restraint and a return to the status quo. This dangerous spiral was kicked off when Israeli flattened Iran's consulate in Damascus on April 1st, an unprecedented act of aggression on a diplomatically protected location. Via Reuters: Israel's military displays what they say is an Iranian ballistic missile which they retrieved from the Dead Sea after Iran's ... Continue Reading »

House Managers To Deliver Mayorkas Impeachment Articles To Senate Authored by Mark Tapscott via The Epoch Times (emphasis ours), U.S. Secretary of Homeland Security Alejandro Mayorkas at the U.S. Capitol, on April 10, 2024. (Samuel Corum/Getty Images) Two counts of impeachment against Secretary of Homeland Security Alejandro Mayorkas, approved on Feb. 13 by the House of Representatives, are to be formally presented to the U.S. Senate today. Eleven House members previously named as impeachment managers will walk from the lower chamber through Statuary Hall in the Capitol and then to the Senate in a brief ceremony that has been repeated only 17 times since the first Congress in 1789. House Democrats did so twice after impeaching former President Donald Trump in 2020 and 2021. Eight of the 17 Senate impeachment trials resulted in convictions, while nine ended without convictions. A two-thirds majority of the Senate is required to convict an impeached officer of the federal government. Neither former President Donald Trump, former President Bill Clinton in 1998, nor President Andrew Johnson in 1868 were convicted. Senate rules require the House managers to read the two counts in the Senate chamber. Then Senate Senate President Pro ... Continue Reading »

"Only Good For WW3": Slovakia To Oppose Ukraine's NATO Membership Bid Last October saw a significant shift in Slovakia's trajectory related to its stance on the Ukraine war, after the populist left-wing party Smer took the most votes in the country's national election. Its head, who ascended to his fourth term as prime minister, Robert Fico, advanced a platform of pursuing peace in Ukraine rather than continuing to pour weapons into an increasingly hopeless campaign to evict Russian forces from the country's eastern provinces.  In the wake of US Secretary of State Antony Blinken earlier this month controversially declaring "Ukraine will become a member of NATO" - Slovakia under PM Fico is pushing back. He said in fresh comments at a press conference that Slovakia will stand firmly against any efforts to pursue Ukraine's accession into NATO. via EPA "Ukraine may say: ‘We want to join NATO.’ This will be their own decision. We are saying that we will not ratify [the documents on Ukraine’s accession to NATO] in parliament because Slovakia needs a neutral Ukraine. Slovakia’s interests will be threatened if Ukraine becomes a NATO member," Fico said. However, while rejecting the idea of Ukraine being in NATO, ... Continue Reading »

Guardian Ludicrously Reports That Orthodox Bishop Was "Allegedly Stabbed" Authored by Paul Joseph Watson via Modernity.news, The left-wing Guardian newspaper reported on the brutal stabbing of Bishop Mar Mari Emmanuel in Sydney that was caught on camera by saying the victim was “allegedly stabbed.” Yes, really. Watch the video. There’s really no “allegedly” about it... Christian under attack again. Priest Mar Marry got stabbed multiple times few minutes ago live in church, he is been taken to hospital another priest got stabbed in his hind while helping. Praying they both alright. #Assyrian #assyrianchurch #assyrianunderattack pic.twitter.com/L2uJ2wTBAL — Zeena David (@Zeenadavid) April 15, 2024 Bishop Emmanuel was stabbed multiple times by a 15-year-old boy during a live broadcast. "Allegedly stabbed." pic.twitter.com/NDaMwr6DIt — Paul Joseph Watson (@PrisonPlanet) April 15, 2024 The teenager, dressed all in black, approached the altar at the Christ the Good Shepherd Church, before launching a frenzied attack on the bishop’s head and upper body, leaving him with multiple stab wounds. According to a video report posted by the Guardian, Bishop Emmanuel was only “allegedly stabbed.” The Pope is also allegedly Catholic. A video of the attacker shows him smirking while being restrained by churchgoers and police. The unrepentant smirk of the ... Continue Reading »

Johnson Unveils Separate Israel, Ukraine Funding Bills That MTG Calls A "Scam" After months of pushback over packages to send US-taxpayer-funded foreign aid to Israel and Ukraine, House Speaker Mike Johnson unveiled a plan Monday evening to hold four different votes on bills which would decouple aid by country, including Taiwan. Johnson will also put forth a House-approved bill that could ban TikTok from the US, and a measure aimed at satisfying Republican foreign policy demands. According to WaPo, a draft of Johnson's plan mirrors a Senate bill, but may not include humanitarian aid for Gaza. In February, the Senate approved a bill which allocates $95.3 billion in supplemental spending, including $60 billion for Ukraine, $14 billion for Israel, $9 billion to Gaza, and $5 billion towards Indo-Pacific allies against Chinese threats. And while Johnson pretended that the Senate bill would be a 'non-starter' in the House without border security measures, there's zero in there for border security demanded by House Freedom Caucus Republicans as a condition of approving foreign aid. After promising he would secure the border before sending billions to foreign nations, Mike Johnson has banned amendments to secure the ... Continue Reading »

US Industrial Production Is Flat YoY In March US Industrial Production rose 0.4% MoM in March - as expected - which was... wait for it... the same rise as in February after that data was revised notably higher. However, even with the revision and the subsequent rise, Industrial Production remains unchanged YoY... Source: Bloomberg We can't help but see the irony that after we highlighted the serial downward revisions in data last month, that all of a sudden February's Industrial Production data is revised drastically higher... Source: Bloomberg Capacity Utilization ticked modestly higher (from a downwardly revised 78.2% to 78.4% (below expectations)... Source: Bloomberg US Manufacturing also saw February's data revised higher (from +0.8% to +1.2% MoM) and March rose 0.5% MoM (better than the 0.2% rise expected). That lifted YoY Manufacturing up by 0.8%... Source: Bloomberg Soft and Hard manufacturing data in agreement that things are turning up... Nothing but blue skies here for The Fed to cut rates into... not! Tyler Durden Tue, 04/16/2024 - 09:27 Continue Reading »

Futures Rebound On Strong Earnings Even As Global Market Mood Remains Dismal S&P futures traded modestly in the green, erasing earlier losses and signaling a recovery after the S&P 500 fell more than 1% in the past two sessions, following stronger than expected earnings from index heavyweight UnitedHealth Group which soared 6% after reporting first-quarter profit that beat Wall Street’s expectations and affirmed its outlook for the year, despite the costs associated with a cyberattack on one of its subsidiaries that has roiled the health-care industry; other reporters such as Bank of America and Morgan Stanley also gained. of 8:45am, S&P futures gained 0.3%, after trading down 0.2% earlier this morning; Nasdaq futures also reversed an earlier loss and traded about 0.2% higher. Meanwhile, loans continued their ascent, with 10Y yields rising as highas 4.65% before modestly reversing, while 2-year Treasuries approached 5%. The dollar advanced for a fifth day, its longest run since January. In premarket trading, Tesla fell as much as 2.6% in premarket trading as two of the electric carmaker’s top executives left in the carmaker’s largest-ever round of job cuts. Morgan Stanley rose 3% in the premarket after reporting wealth ... Continue Reading »

These Inflation Trades Have Most Catching Up To Do Authored by Simon White, Bloomberg macro strategist, Markets are unprepared for price growth that is becoming entrenched. But even though the risk-reward in shorting Treasuries or buying gold or Bitcoin is diminishing, we can instead pinpoint the assets that have the most potential to catch up to persistent inflation: the clothing and food equity sectors, TIPS and commodities. At the other end of the scale, tech, retail and construction look the most overextended in an inflationary backdrop. An investor who has spent the last five years marooned on a desert island would find the price action in current markets quite disorientating. After a several days of rising tensions in the Middle East, Treasury yields are higher, not lower. This is a potent sign the wind has changed, and we are firmly stuck in an inflationary regime. Wars are inflationary as they typically lead to an increase in unfunded government spending, while also disrupting supply. In the low-and-stable price-growth regime of yesteryear, the longer-term inflationary implications of conflict would be overwhelmed in the shorter term by the typical haven demand for USTs. But the market ... Continue Reading »

Shadowy Mayorkas-Linked NGO In Mexico Tells Border Invaders To "Vote Biden" The Heritage Foundation's Oversight Project posted an image on X of what they say is a flyer from a non-governmental organization operating in Mexico encouraging migrants to vote for President Biden once they arrive in the United States. "Reminder to vote for President Biden when you are in the United States. We need another four years of his term to stay open," part of the flyer read.  🚨BREAKING - Flyers distributed at NGO in Mexico encouraging illegals to vote for President Biden The flyers reads: “Reminder to vote for President Biden when you are in the United States. We need another four years of his term to stay open” A MUST READ CRITICAL THREAD 🧵 pic.twitter.com/Mod4IeROXf — Oversight Project (@OversightPR) April 16, 2024 The Oversight Project said the flyer was initially discovered by a Muckraker journalist while touring the site of Resource Center Matamoras in Mexico.  "They [flyers] also appear to be handed out when illegal aliens use the RCM for assistance in coming to the USA," the group said.  These flyers were discovered by @realmuckraker throughout the Resource Center Matamoras (RCM) location including on the walls of port-a-potties They also appear ... Continue Reading »

US Housing Starts Collapsed In March - Biggest Drop Since COVID Lockdowns The roller-coaster ride in housing permits, starts, and completions in the last few months is set to continue today... and 'surprise' they did. After a big (+10.7%) surge in February, Starts crashed 14.7% MoM in March (massively worse than the 2.,4% drfop expected). Building Permits also plunged (-4.3% MoM vs -0.9% exp)... For context, this is the largest MoM drop in housing starts since the COVID lockdowns... Source: Bloomberg It was a bloodbath across the board with Rental Unit Starts plummeting 20.8% MoM... Source: Bloomberg That pushed total multi-family starts SAAR down to its lowest since COVID lockdowns... The plunge in permits was less dramatic and driven completely by single-family permits down 5.7% to 973K SAAR, from 1.032MM, this is the lowest since October. Multi-family permits flat at 433K Intriguingly, while starts and completions plunged in March, the BLS believes that construction jobs surged to a new record high... Source: Bloomberg Finally, just what will homebuilders do now that expectations for 2024 rate-cuts have collapsed? Source: Bloomberg One thing is for sure - do not trust what homebuilders 'say' (as NAHB confidence jumped to its highest since May ... Continue Reading »

House Subcommittee Finds "New Evidence" That China Fuels America's Fentanyl Crisis Update (0842ET): The House Select Committee on China revealed in a new report that the Chinese Communist Party uses tax rebates to subsidize the manufacturing and exporting of fentanyl chemicals.  The report said, "Through subsidies, grants, and other incentives, the PRC harms Americans while enriching PRC companies."  "This failure — when combined with new evidence establishing the PRC incentivizing the export of illegal drugs abroad and ownership stake in companies doing the same — casts doubt on the veracity of the PRC's claims that it will act to stem the massive export of illicit fentanyl materials and other dangerous synthetic narcotics, and reinforces the need for global cooperation and communication between law enforcement agencies," the report continued.  Tuesday's report is a reminder the Biden administration has failed at countering the illicit drug trade fueled by Chinese chemical companies and Mexican drug cartels (and let's not forget the Sackler family and other big pharma that hooked Americans on opioids). Biden's disastrous open southern borders have allowed the flow of these illicit drugs to invade the nation along with millions of unvetted illegal aliens.  The report ... Continue Reading »

NSA "Just Days Away From Taking Over The Internet" Warns Ed Snowden Authored by Tom Mitchelhill via CoinTelegraph.com, The United States National Security Agency (NSA) is only days away from “taking over the internet” with a massive expansion of its surveillance powers, according to NSA whistleblower Edward Snowden. In an April 16 post to X, Snowden drew attention to a thread originally posted by Elizabeth Goitein — the co-director of the Liberty and National Security Program at the Brennan Center for Justice — that warned of a new bill that could see the U.S. government surveillance powers amplified to new levels. Source: Edward Snowden The bill in question reforms and extends a part of the Foreign Intelligence Surveillance Act (FISA) known as Section 702. Currently, the NSA can force internet service providers such as Google and Verizon to hand over sensitive data concerning NSA targets. However, Goitein claims that through an “innocuous change” to the definition of “electronic communications surveillance provider” in the FISA 702 bill, the U.S. government could go far beyond its current scope and force nearly every company and individual that provides any internet-related service to assist with NSA surveillance. “That sweeps in an ... Continue Reading »

Morgan Stanley Shares Rebound On Strong Revenues Morgan Stanley shares are quickly recovering from last week's mauling (after WSJ reported regulatory probes of how the bank handles wealth management clients “who are at risk of laundering money"), this morning after reporting Q1 wealth management and equities trading revenue that beat expectations. Net revenue $15.14 billion, estimate $14.46 billion (Bloomberg Consensus) Wealth management net revenue $6.88 billion, estimate $6.69 billion (Net new assets in the division, a key metric tracked by Morgan Stanley watchers, were $95 billion, higher than the previous two quarters combined and in excess of what the bank needs to meet the target it has sought to grow the business). Equities sales & trading revenue $2.84 billion, estimate $2.65 billion (less than Goldman Sachs' $3.31 billion in the same period). FICC sales & trading revenue $2.49 billion, estimate $2.33 billion Institutional Investment Banking revenue $1.45 billion, estimate $1.34 billion Advisory revenue $461 million, -28% y/y, estimate $510.1 million, due, of course, to “lower completed M&A transactions.” Equity underwriting rev. $430 million vs. $202 million y/y, estimate $326.3 million Fixed Income Underwriting revenue $556 million, +37% y/y, estimate $505.8 million Under the hood, equity net revenues were ... Continue Reading »

Central Banks Are Wrong About Rate-Cuts Authored by Daniel Lacalle, When we talk about monetary policy, people do not understand the importance of interest rates reflecting the reality of inflation and risk. Interest rates are the price of risk and manipulating them down leads to bubbles that end in financial crises, while imposing too high rates can penalize the economy. Ideally, interest rates would flow freely and there would be no central bank to fix them. A price signal as important as interest rates or the amount of money would prevent the creation of bubbles and, above all, the disproportionate accumulation of risk. The risk of fixing rates too high does not exist when central banks impose reference rates, as they will always make it easier for state borrowing—artificial currency creation—in the most convenient—what they call “no distortions”—and cheap way. Many analysts say that central banks do not impose interest rates; they only reflect what the market demands. Surprisingly, if that were the case, we wouldn’t have financial traders stuck to screens on a Thursday waiting to decipher what the rate decision is going to be. Moreover, if the central bank only responds ... Continue Reading »

These Are The Largest US Corporations By Number Of Employees Revenue and profit are common measures for measuring the size of a business, but what about employee headcount? To see how big companies have become from a human perspective, Visual Capitalist's Marcus Lu visualized the top U.S. companies by employees. These figures come from companiesmarketcap.com, and were accessed in March 2024. Note that this ranking includes publicly-traded companies only. Data and Highlights The data we used to create this list of largest U.S. corporations by number of employees can be found in the table below. Retail and Logistics Top the List Companies like Walmart, Target, and Kroger have a massive headcount due to having many locations spread across the country, which require everything from cashiers to IT professionals. Moving goods around the world is also highly labor intensive, explaining why UPS has half a million employees globally. Below the Radar? Two companies that rank among the largest U.S. corporations by employees which may be less familiar to the public include Concentrix and Cognizant. Both of these companies are B2B brands, meaning they primarily work with other companies rather than consumers. This contrasts with brands like Amazon or Home Depot, which are much more visible among average consumers. A ... Continue Reading »

Transport Minister Threatens Germans With "Indefinite Weekend Driving Ban" To Meet Mandated Emissions Targets Via Eugyppius.com, This story has even made it into the Anglophone press, so you know it’s a big deal: “German transport minister warns of weekend driving ban,” says The Telegraph. “German minister threatens ‘indefinite driving bans’ on weekends,” proclaims Politico. “German transport minister under fire for weekend driving ban threat,” declares Reuters. Volker Wissing does not really want to ban driving. But no, despite the headlines, they are not going to take away our cars. Amazingly, not even the Greens want to do that. For once the story is not about German authoritarianism, or woke insanity or anything like that. Rather, it’s about how nobody can really bring himself to care about the climate anymore – not even our forward-thinking, progressively minded, environmentally responsible political establishment. For the backstory, we must go all the way back to the pre-Covid era, when aggressive climate legislation was popular even with centre-right CDU voters, and before the electorate had a taste of what Green policies like the draconian home heating ordinances really feel like on the ground. Back in those halcyon days, when the child saint Greta ... Continue Reading »

The Best And Worst Countries For LGBTQ+ Travelers In order to help LGBTQ+ tourists travel safely, the German portal Spartacus started publishing the Gay Travel Index in 2012. In the 2024 edition, the ranking compared 213 countries and territories based on the situation of lesbian, gay, bisexual, transgender, intersex and queer people in each location. As Statista's Anna Fleck reports, according to the index, last year’s leading destination Malta is joined at the top by Spain, Canada, New Zealand and Portugal as the safest and most open places for LGBT+ travelers in 2024, with each of these five countries receiving 12 points. You will find more infographics at Statista According to the report, Estonia made the greatest improvements in the past year, obtaining 6 points (in contrast to the previous index’s 2 points). This was thanks to the approval of the law in 2023 to legalize equal marriage. The first Latin American country to appear in the 2024 ranking is Uruguay, sharing the third position along with Denmark, Iceland, Germany and Norway, with 10 points each. At the other end of the spectrum come Saudi Arabia, Iran, the Republic of Chechnya in Russia and Afghanistan, ... Continue Reading »